Reborn in 08, a heretical cultivator starting a business

Chapter 87's valuation of YouTuan Technology, are you kidding me? (Seeking monthly votes)
The venture capitalists who came this time were just from Tencent's e-commerce investment department, and they weren't even the top executives of Paipai.com.

It is difficult to give Wang Junshan a satisfactory valuation.

Wang Junshan simply couldn't be bothered to pay any attention.

Going home is still the most important thing!

The holiday started on the 19th, and now it's the 23rd, which is four days late.

After being reborn, Wang Junshan was busy starting his own business and hadn't even had a chance to see his parents yet. He was eager to go home!
The Porsche Cayenne sped along.

"Secretary Shen, at the next service area, buy two cups of coffee."

"Thank you, boss, but I don't need it." Shen Huaijin smiled; his boss was still considerate.

"No, you have to drink. It's a four or five-hour journey. If you doze off and something happens, I'll have nowhere to cry," Wang Junshan said leisurely.

"!!!" Shen Huaijin bit her lip lightly, thinking to herself:

"If I still believe this guy is doing it for my own good, I'm a pig!"

"Who is this!"

Shen Huaijin glared angrily at the rearview mirror, only to see that Wang Junshan had already closed his eyes and started to sleep!
"Sigh, when I go out, the driver drives while I sleep."

"Ever since I met Wang Junshan, it's become me driving and him sleeping!"

"I owed him in my past life!"

"I didn't even know to say thank you for your hard work, Secretary Shen. You should rest for a bit, I'll take over for a while."

"Humph!"

Despite being angry, I still had to take the boss's words seriously.

Upon arriving at the service area, Shen Huaijin excitedly went to buy coffee.

I bought three cups in one go!

She had a bit of insomnia last night and was also worried about dozing off on the way and causing problems.

U-Tuan Technology.

Huo Siying, deputy director of Tencent's e-commerce investment department, led a team to U-Tuan Technology.

However, she was only greeted by Vice President Tang Jinghe and a person in charge of the e-commerce business.

There is no Wang Junshan!

Before arriving, Huo Siying's team specifically researched and investigated Wang Junshan, gathering a lot of information.

They even researched Wang Junshan's GPA in university and investigated his relationship with Chu Yiqiu.

I thought I had grasped Wang Junshan's personality traits and that I was confident of winning today's investment negotiations.

Unexpectedly, the game was ruined right from the start!
Wang Junshan is nowhere to be found!
All that research for nothing.

Seeing Huo Siying's dejected expression, Tang Jinghe smiled slightly:
"What a coincidence, the president is at home. However, upon learning of your arrival, he has entrusted me with the entire responsibility of receiving you."

"You can?" Huo Siying asked with a double meaning.

"Sure, as long as the talks go smoothly, I can report the results directly to President Wang."

"Okay!" Huo Siying breathed a sigh of relief.

Having traveled all the way from Shenzhen to Binhai, she didn't want to return empty-handed.

The investment department has several deputy directors. If she fails to achieve anything this time, she won't be the one to come next time!

"Since Mr. Wang isn't here, I'll get straight to the point."

Huo Siying stated directly, "We are very optimistic about the development and future of YouTuan Technology and plan to invest."

"As expected." Tang Jinghe smiled faintly.

After the media exposure, both she and Wang Junshan anticipated that venture capitalists would come knocking.

But I didn't expect that the first one to arrive would be Tencent!
Although it's just the e-commerce investment department, it's still one of Tencent's major business units.

While Paipai.com's current development cannot compare to Taobao's hundreds of billions of yuan in annual transaction volume, it can still surpass JD.com's billions of yuan in annual transaction volume.

According to industry estimates, Paipai.com's transaction volume is expected to reach 50-60 billion yuan this year!
Approximately 4-4.5 JD.com's worth!
It can only be said that most e-commerce giants were not that terrifying in 2008, and were still growing!
Seeing Tang Jinghe's composure, Huo Siying was somewhat surprised and began to explain:
"Although YouTuan International's current daily revenue is over 10 million, it is undeniable that more than 80% of its revenue comes from grey market iPhone 3G sales."

"This kind of gray industry is unsustainable and meaningless; capital is bearish on it."

"Therefore, we believe that U-Tuan International's reasonable daily revenue is 200 million." "But it is worth mentioning that this is due to the recent surge in the number of WeChat users. Once this wave passes, the daily revenue will drop to 100 million."

"YouTuan International's reasonable annual transaction volume is between 3.5 million and 4 million."

"Considering that YouTuan.com is newly established, relatively weak, and unstable in many aspects, and that the upper limit of WeChat's social networking among acquaintances is too low, we give it a valuation multiple of 0.8."

"Overall, we value YouTuan Technology at 3 million RMB."

"For this reason, Tencent is willing to invest 6000 million yuan to take a 20% stake!"

"Pfft!" Tang Jinghe burst out laughing.

Huo Siying frowned slightly: "What are you laughing at?"

"I'm sorry, Mr. Huo, it's just that your jokes were so funny that I couldn't help but laugh!" Tang Jinghe said with a smile.

"!!!" Huo Siying's face turned very ugly.

"Mr. Huo, our YouTuan.com's daily revenue exceeds 7 million, and if nothing unexpected happens, our monthly revenue in July will be around 3 million. You're giving us a valuation of 3 million? Aren't you joking?"

Tang Jinghe suddenly realized why Wang Junshan ignored Tencent when he heard they were coming.

This was because they had already anticipated that the valuation offered by the other party would be absurd!

I can't be bothered with them!

"???"

"Your daily revenue is 20 million?"

Huo Siying was bewildered: "Didn't your peak daily revenue only reach ten million a few days ago?"

"Yes, you said it yourself, that was a few days ago."

Tang Jinghe picked up her coffee and began to sip it leisurely.

"In just a few days, YouTuan.com's daily revenue has doubled!"

Huo Siying was startled.

When did doubling revenue become so easy?

Just kidding!
"However, of that 2000 million, I suspect 1600 million is from revenue generated by the iPhone 3G?"

“That’s right, but even so, YouTuan Technology’s valuation is not the 3 million you mentioned.”

Huo Siying nodded: "Remove 1600 million, daily revenue is 400 million. After this wave of traffic, it drops to 200 million, and the valuation doubles to 6 million!"

"I can apply to headquarters for a 1.2 million yuan investment in YouTuan Technology, acquiring a 20% stake!"

"Pfft!" Tang Jinghe laughed again.

"What are you laughing at?" Huo Siying frowned.

Previously, when I went to invest in other small businesses, they were all very respectful when they saw that I was from Tencent's investment department.

She's nothing like Tang Jinghe; they should just laugh at her!

More than once!
That's going too far!
"Mr. Huo, let me be frank, our YouTuan Technology doesn't need your 1.2 million!"

Tang Jinghe went straight to the point: "Right now, YouTuan Technology has more than 50 million in profits in its accounts."

"We still have several million yuan in profit coming in every day."

"We have more money than we can spend ourselves, and we want to give up 20% of the shares in exchange for your 1.2 million investment?"

"Is this a joke?"

"!!!" Huo Siying was stunned: "You have fifty million in your account?"

But upon closer inspection, it's actually quite possible!
Selling grey market iPhones is fucking lucrative!

Wang Junshan just doesn't play by the rules!
Other startups are severely short of money, so they are constantly entertaining guests, giving gifts, and begging for funding.

Wang Junshan was short of money, so he didn't ask for favors or seek financing; he simply sold grey market iPhones!

Huo Siying dared to say that of YouTuan Technology's 50 million yuan profit, more than 10 million yuan came from YouTuan group buying, several million yuan came from YouTuan International's other products, and the remaining 30 million yuan came from selling grey market iPhones!

Earn 3,000 per unit, and 30 million per 10,000 units!

(End of this chapter)