Reborn Monopoly System

Nearly half a year has passed since Pinxixi’s Series A financing. During these six months, Pinxixi has not stopped developing.

Backed by the platform of WeChat, Pinxixi has absorbed the huge traffic of WeChat. With this huge traffic, Pinxixi has unleashed unimaginable potential.

Especially with the presence of the seventh aunt and eighth aunt and classmates and friends around them, many people have been harassed and shared links to hacking. Pinxixi relies on this model to develop steadily, and the number of registered monthly active users is rising little by little.

Correspondingly, the turnover is also rising steadily.

On Monday, Wu Yun arrived at the Pinxixi headquarters half an hour after work.

Because I received the notice in advance, several welcome banners were posted in Pin Xixi’s office.

Including welcoming Tengxu and Zhenxing Capital

The faces of Pin Xixi’s employees are also filled with excited smiles. After all, as employees, they must know the company’s situation better than outsiders. The development potential is huge, although it is currently in a cash-burning stage.

In addition, being watched by capital���, many people think that the company can be listed and become the third pole of China’s e-commerce platform.

Today is the last day of financing negotiations. Although some people are surprised by the revitalization capital that came out halfway, after all, with Pin Xixi’s money-burning model, only some powerful capital dares to take such huge risks to invest.

Wu Yun learned something while talking to Li Chaohui on the phone last night

Li Chaohui:”Tencent wants to lead the investment this time!”

After Wu Yun asked the reason, Li Chaohui told the truth

“When we at Tencent held our first quarter meeting, some executives suggested that we directly copy Pinxixi’s model and develop a new social e-commerce platform!”

“At that time, many people showed expressions of interest, but in the end it was Xiao Ma who overcame all opinions and temporarily rejected the proposal.”

“Brother Ma’s reason is that we are in the honeymoon period with you now, and there is no need to do this kind of thing of burning bridges.”

“After all, WeChat payment has been promoted rapidly, and Pinxixi also has a lot of credit.”

But Wu Yun is not surprised. After all, a model like Pin Xixi’s can be easily replicated as long as there are traffic resources like WeChat and enough funds to support it.

However, Li Chaohui is the general manager of the investment and M&A department after all, so after telling this kind of inside information, he showed his fangs:”So, I think this time we at Tencent want to lead the investment and get more shares. In this way, some people within the company can keep their mouths shut.”

Wu Yun thought for a while and agreed.

After all, Tencent is no longer the sole proprietor of Xiao Ma. The shareholder relationships inside are complicated. It is not impossible to temporarily stabilize Tencent in this way.

Even though Wuyun and Tencent have cooperated in various aspects, shopping malls are like battlefields, and there are no permanent enemies or friends.

Therefore, Wu Yun is not unprepared when facing Tencent. After all, the WeChat payment port and Tencent’s traffic are invisible shackles and handcuffs placed on Pin Xixi.

Therefore, when opening the payment port, Pinxixi not only opens the WeChat payment port, but also has the UnionPay payment channel.

Wu Yun also has a trump card in his heart, and that is Douyin

With Douyin and another one to pay for taking photos, Wu Yun will be able to shout out Lu Bu’s lines:”A man was born between heaven and earth, how can he live in depression for a long time!””

……

The shouts of Mr. Wu brought Wu Yun’s thoughts back to reality. Wu Yun responded with a smile and walked into his office.

Time passes quickly

Wang Hao knocked on the door and entered and said:”President Wu, representatives of Tencent and Zhenxing Capital have already taken their seats in the conference room. Others in the company have also arrived. They are waiting for you to come over now.””

Wu Yun nodded, picked up a new notebook and pen from the table, and followed Wang Hao to the conference room.

Pushing open the door of the conference room, Wu Yun found that most of the conference room that could seat thirty or forty people was already full.

Tang Hongjiang from Nirvana Investment came to the scene with his team. After all, Pin Xixi is now nominally Nirvana Investment Holdings.

Tang Hongjiang’s current identity is more like a manager who manages Wu Yun’s personal assets. Of course, Wu Yun also gave him permission to make some angel round investments.

Seeing Wu Yun come in, everyone present stood up to welcome him

After sitting down, Wu Yun saw that Zhou Shuwen, who was wearing a stepmother’s dress to communicate with him in depth yesterday, was now dressed professionally. Her cool outfit looked very CEO-like.

Zhou Shen, as the host, coughed twice and said:”Everyone is here! Let’s officially start!”

The PPT was made early in the morning, and Tencent knew all the data in it.

As for the revitalization capital through various channels and due diligence, they also know about Pin Xixi, so following the script is just a formality. The highlight is to face the debate on valuation later.

“As of 00:00 this morning, the number of registered users has reached 159 million, and daily active users are 39.6 million, surpassing Suning.com and ranking sixth among e-commerce platforms.”

“As of midnight today, our annual GMV has exceeded 65.5 billion, and it is expected that the full-year GMV should exceed the 150 billion mark.”

The professional term GMV is a product of the rise of e-commerce platforms. It can be understood as sales + canceled order amount + rejected order amount + returned order amount

So this value will be calculated as long as the user submits an order, regardless of whether they pay or not.

Under normal circumstances, JD.com and Taobao both like to boast that the platform’s GMV exceeds one trillion. A layman who doesn’t know what this means thinks it is very awesome at first glance, but insiders know that it is completely different from the real transaction volume.

However, according to Pinxixi’s GMV trend chart and predictions, it is still possible for Pinxixi’s turnover to exceed 100 billion this year!

Everyone is looking at the big screen. Even if they know that Pinxixi’s data is very good, many people can’t help but sigh in their hearts. Pinxixi is developing so fast!

You must know that Pinxixi was actually established less than a year ago, and this data has directly reached the top ten e-commerce platforms.

This e-commerce platform refers to Meituan, not���It is a platform for selling goods and services.

The development of Pinxixi is simply due to the right time, place and people.

Some people couldn’t help but look at the young man sitting in the main seat. It was he who single-handedly created this sudden rise of Pin Xixi.

You must know that before, many people wanted to break Taobao’s blockade, but only JD.com could successfully break through.

It is estimated that in the near future, the situation of three pillars will really become a reality.

“Although we have created operating income of 3 billion so far, we are still in a state of loss. From January 1 to the present, we have lost 500 million Huaxia coins.”

“But we believe that as long as Pinxixi seizes the market and has a large number of active users, we will eventually reverse our profits and losses, achieve profitability, and go public! This is my report today! thank you all!”

As soon as Zhou Shen finished speaking, there was warm applause from all around.

Afterwards, Wu Yun said with a smile:”Now that everyone understands, let’s proceed directly to the next step!”

Following Wu Yun’s prompt, Tencent representative Li Chaohui stood up first and said:”Based on our comprehensive evaluation, we have decided to give Pin Xixi a valuation of US$3.5 billion! In this round B, we at Tencent intend to lead the investment!””

Wu Yun nodded after listening. He discussed with Tang Hongjiang and after Nirvana Investment’s internal evaluation, the price given was in the range of US$3.5 billion to US$4 billion.

So the price offered by Tencent is still low, and they want to lead the investment. It seems they want to take more shares.

However, no matter how Tencent leads the investment, Wu Yun will not lose his controlling position. He has seen many cases where founders were squeezed out of the company by these capitals.

Besides, Wu Yun, who owns the system, is not short of money!

Of course, even if Tencent leads the investment this time and Wu Yun does not invest, Nirvana Investment will still be a controlling shareholder.

At this time, Zhou Shuwen stood up and smiled slightly, but to outsiders, the smile looked a bit like a sneer:”Mr. Li, you Tencent have a good plan! You can probably hear your plan at the headquarters in Pengcheng. The voice!”

“Although we at Zhenxing Capital have no objection to Tencent’s intention to lead the investment, we do! I still have objections to this valuation! At the beginning, I promised Mr. Wu that I would enter the market at a valuation higher than the market price! Therefore, we at Zhenxing Capital are willing to give us a valuation of US$3.8 billion!”

Wu Yun shook his head. Although Zhou Shuwen had an unusual relationship with him this time, from this position, it seemed that she wanted to discuss business. After all, the revitalization of capital was not hers.

These capitals talk nice, but their actual actions are the opposite. If you can make a little money, no one will be taken advantage of.

So Wu Yun nodded to Tang Hongjiang, who was sitting firmly on the Diaoyutai, indicating that he could make a quotation.

Tang Hongjiang laughed and said:”The valuations of the two bosses are indeed in line with the market conditions, but you have forgotten one thing, and that is our potential to compete with Xixi!”

“Pinxixi Future is the third level of e-commerce platform! Putting this aside, even if this year it is estimated that the transaction volume will reach 100 billion and the GMV will reach 150 billion, a valuation of US$4.5 billion is not an exaggeration!”

“Pinxixi is an important part of Tencent’s efforts to popularize WeChat payment. I believe that Pinxixi can also achieve profitability as soon as possible! So the valuation I gave is $4.5 billion!”

Tang Hongjiang’s words were like igniting a powder keg, and the three parties immediately started to collide over this valuation matter.

There are professionals, so of course Wu Yun won’t end up in trouble

He just sat in his seat and watched the representatives of all parties give their own reasons and refute the other party’s opinions.

Wu Yun even saw Tang Hongjiang’s saliva almost splashing onto the face of the Tencent representative across the conference table.

One hour, two hours, three hours

Wu Yun even went out to use the bathroom during the journey.

It was approaching twelve o’clock, and seeing that the outcome of the argument could not be reached within a short period of time, Wu Yun asked Zhou Shen to arrange the lunch meal according to the meeting procedures.

Zhou Shen pressed the microphone in the conference room and said after two breaths:”Thank you for your hard work, everyone! We have arranged a working meal for everyone. Please take a short break and start the second round of negotiations after the meal!””

In Zhou Shen’s heart, he naturally hopes that the higher the valuation, the better, so that the shares in his hands will be more valuable in the future. Although the number of shares will not be large by then, the unit price of the shares will be very high!

Hearing Zhou Shen’s words, the three parties who were blushing immediately regained their dignity as urban elites and tidied up their appearance and clothes. As if there was no quarrel just now, the three parties walked out of the conference room together with a fake smile and went to the designated place. walk to the rest area

Because today’s arrangement is to complete the financing as soon as possible, we really arranged a working lunch at noon. As for the celebration banquet later, of course, we will have a big banquet after Pinxixi’s B round of financing is successful.

During the meal, everyone had a tacit understanding and did not discuss the content of the meeting. They either ate in silence, brewing the mood of the afternoon, or talked to the people next to them about national events or industry trends, no matter where they were from.

Soon, after the one-hour break at noon, everyone walked into the conference room in high spirits and started the second round of the afternoon.

Many Pin Xixi employees looked at the closed conference room door with curious eyes.

Some people even deliberately passed by the door of the conference room, as if they wanted to hear what was going on inside.

However, the sound insulation effect of the conference room was good, and there were too many people talking, so they only heard some buzzing noises.

“Xixi! Did you hear what the noise was about? ?”A woman dressed as an urban elite asked with a gossipy look.

Pin Xixi, an employee named Xixi who had just deliberately walked past the door of the conference room a few times, looked helpless and said:”I didn’t hear much! I just heard how many billions! It seems that our financing was successful this time!” It’s just a matter of valuation! Yang Ling, what do you think our valuation will be?”

The urban woman named Yang Ling showed a helpless look and said:”How do I know? I don’t know.”���In finance! However, as an employee of Pinxixi, I certainly hope that the higher the valuation of our company, the better! If it can be listed immediately, I will definitely buy the company’s shares!”

“After today’s financing, Mr. Wu’s net worth will skyrocket again!”

“Why are you worrying so much? It’s not your money! Just do your job!”

……

After several hours of debate, Pin Xixi’s Series B valuation was finally determined! $4 billion

Tencent, as the lead investor, invested another US$300 million, while Nirvana Investment and Zhenxing Capital each invested US$100 million, for a total capital investment of US$500 million.

After the B round of financing, it turns out that Pin Xixi’s equity composition has undergone tremendous changes. Wu Yun, oh! It should be that Nirvana Investment’s shares were diluted to 66.22%, while Tencent’s shares rose to 24.44%, Zhenxing Capital held 2.22% of the shares, and the option pool was diluted to 7.11%

The contract was signed quickly, and the three parties stated that the funds would be received within five working days!

News of the successful Series B financing of Pinxixi and photos of several parties were posted on Pinxixi’s official website

Soon, this news spread throughout the investment circle, and there was a trend of leaving the circle.