Rebirth: Starting with Capturing the Goddess Mentor

Chapter 285 Watching those skyscrapers rise from the ground (Part 2)
Zhu Yulan nodded approvingly, appreciating Chen Yan's directness.

She glanced at Li Ze, who immediately understood and took out a tablet computer and several documents from his briefcase, placing them on the table.

"Mr. Chen is a straightforward person, so let's not beat around the bush."

Zhu Yulan leaned forward slightly and said earnestly, "Before we came here, we studied your company's public data and industry reports. [Daily Part-Time Jobs] has a high market share in Central and Eastern China, and its user activity and stickiness are outstanding. In particular, your pioneering 'part-time job credit score' and 'employer blacklist' mechanisms are very characteristic and have great potential in the internet industry."

She paused, observing Chen Yan's reaction.

Chen Yan listened calmly, gesturing for her to continue.

“However,” Zhu Yulan changed the subject, “your company’s current coverage of cities is still relatively limited, mainly concentrated in a few cities with a high concentration of university towns. The overall revenue scale still seems to be… rather ‘vertical’ and ‘regional’.”

"Moreover, Mr. Chen is probably aware that the profit margin in the part-time market is not particularly high, especially given the high costs of initial promotion and business development teams."

"Although there was news online some time ago that [Daily Part-time Job] had a single-day gross profit of over 350 million, it is clear to everyone that that was only the data for Singles' Day. Excluding such specific days, according to our analysis team's estimates, the daily gross profit of [Daily Part-time Job] should be between 30 and 50 on a regular basis."

These words affirmed the advantages while also pointing out the limitations, laying the groundwork for the subsequent pricing.

"Wow, your analysis team is amazing."

Chen Yan smiled and said, "Indeed, our daily turnover is usually around 200 million, with a daily gross profit of about 33."

Li Ze tapped a few times on the tablet, turning the screen towards Chen Yan and Xi Yingying:

"This is an estimate range calculated by our team based on existing publicly available information and preliminary models."

Considering your company's stage of development, market potential, and potential synergies, 68.com is willing to offer a very competitive price.

Acquisition for 4.5 million RMB!

"Of course, the final pricing will also be based on the results of detailed due diligence, including core user data, financial statements, business development channel costs, and future growth expectation models."

The screen displays a clear valuation model and range chart.

Xi Yingying sat next to Chen Yan. Although she kept her face calm, her hands on her knees unconsciously tightened slightly.

This was the first time in her 30 years of life that she had truly come into contact with the unit "hundred million"!
Unlike the hundreds of millions Chen Yan had given her in the past, this time it was a genuine hundreds of millions!

For an ordinary person, having 100 million yuan is actually enough to achieve financial freedom.

Based on the 3.2% interest rate for 3-year bank deposits in 2014, 100 million yuan deposited in a bank for one year would earn 3.2 million yuan in interest!
That's like having an extra 8767 yuan in your bank account every time you open your eyes!

Tell me, how could anyone spend 8767 yuan in one day?!
An ordinary person could never spend it all, okay?
Compared to Xi Yingying's awkwardness, Chen Yan appeared much calmer.

His gaze lingered on the tablet screen for a few seconds, his fingers tapping lightly on the table, making a soft, rhythmic sound.

He didn't look at Zhu Yulan immediately, but instead picked up his teacup and took a slow sip.

The price of 4.5 million is actually quite good for a part-time platform that has not been established for long and has a relatively simple business model.

The only sound in the reception room for a moment was the clinking of teacup lids.

Zhu Yulan and Li Ze waited patiently, observing the young founder's reaction.

After setting down his teacup, Chen Yan gave a gentle but distant smile: "President Zhu, Assistant Li, thank you very much for 68.com's recognition of us."

Chen Yan's words made Zhu Yulan's heart skip a beat; this was a sign that the negotiations were about to fail.

If an agreement can be reached, then Chen Yan should start negotiating at this point, instead of saying such high-sounding words.

His statement only indicated that the price was far from his expectations, making him completely unwilling to negotiate. Sure enough, Chen Yan continued, "However, this valuation range is probably still quite far from my expectations."

"Oh?"

Zhu Yulan's smile remained unchanged: "So, what are Mr. Chen's expectations? We'd love to hear your thoughts. After all, good cooperation is built on the foundation of full communication between both parties."

Chen Yan took a sip of tea, his tone carrying an undeniable confidence: "Based on [Daily Part-Time Jobs]'s existing user base, unique operating model, strong on-the-ground capabilities, and immense future strategic synergy value, my target price is—"

Chen Yan looked directly at Zhu Yulan and clearly uttered a few words:

"No less than 10 billion."

"10 billion?!"

Even though Zhu Yulan was used to big events, she was still taken aback by this number that far exceeded expectations.

Li Ze, who was standing next to her, suddenly looked up at Chen Yan with disbelief in his eyes, which even seemed to say, "You're dreaming."

When Xi Yingying heard the number, her heart started racing.

My God, 10 billion!
How many zeros would that be!

She knew Chen Yan had resources, but she didn't expect him to be this confident, asking for 10 billion! That's almost double the maximum offer from the other party!
The air in the reception room seemed to freeze.

Zhu Yulan quickly adjusted her expression, picked up her teacup, and used the act of drinking water to conceal the turmoil in her heart.

A moment later, she put down her teacup, her face regaining its composure.

“Mr. Chen, this price is indeed far beyond our budget, and I can’t make the decision myself. How about this, could you provide us with a financial statement and user data for [Daily Part-Time Jobs] for the past 6 months? I’ll take it back to Beijing for Mr. Yao to review.”

"can."

Chen Yan had already prepared the relevant materials and took a sealed document bag from the conference room drawer, handing it to Zhu Yulan.

Zhu Yulan stood up and took the file bag. "Okay, we'll take it back and study it. I'll let you know if there's any news."

"Ok."

Then, Chen Yan and Xi Yingying escorted Zhu Yulan and the other person downstairs, and only returned to the company after watching them get into the car.

Back in the office, Xi Yingying closed the door, threw herself into Chen Yan's arms, wrapped her arms around his neck, and looked at him with deep affection.

"Boss, you're really amazing," Xi Yingying suddenly said.

Chen Yan laughed and said, "What's wrong? Are you in heat?"

Xi Yingying's beautiful eyes sparkled: "Yes, I've thought about it."

"Really? Let me take a look."

As he spoke, Chen Yan reached his hand inside her business suit.

………………

(Godfathers, there's more tonight~)

(End of this chapter)