My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.

Chen Feng's heart skipped a beat.

PCCW is the company owned by Richard Li.

It seems this "little superman" misjudged the situation and is in a hurry to sell this future golden goose.

"Let's tackle this tough nut, IDG, first."

Chen Feng pondered for a moment, not wanting to be greedy, "One must take things one step at a time. As for Yingke, let me digest this part first before we talk about it."

"Understood." Ma Huateng nodded.

......

The following morning, with Ma Huateng's introduction, Chen Feng finally met with representatives from IDG.

The other party was a middle-aged man in his forties named Wang Jun, who wore gold-rimmed glasses and looked very shrewd.

"Hello, this must be Mr. Chen from Legend Networks?"

Upon meeting, Wang Jun extended his hand with a professional smile, "I've heard so much about you, Mr. Chen. You've been quite the big name in the internet world lately."

Clearly, IDG had conducted a thorough investigation into Chen Feng's background before the meeting.

Ma Huateng and Zhang Zhidong, as intermediaries and witnesses, were also present.

Chen Feng smiled, extended his hand and shook hands briefly with the other person, his expression calm: "Hello, I'm Chen Feng."

"Mr. Chen's 'Legend of Mir' is really gaining momentum lately. I heard that the number of online players has already exceeded one million?" Wang Jun said casually, with a hint of inquiry in his eyes.

"I was just lucky; I caught the holiday bonus."

Chen Feng didn't dwell on the topic and went straight to the point, "Representative Wang, we all know why we asked President Ma to meet with you today. Our time is precious, so why don't we discuss the details directly?"

Wang Jun was slightly taken aback, then smiled and said, "Alright, Mr. Chen is indeed a straightforward person. Then I won't beat around the bush. Indeed, IDG intends to sell some of its Tencent shares."

"However, our current strategy is to reduce our holdings rather than sell them all. We plan to sell approximately 12% to 15% of our shares."

At this point, Wang Jun adjusted his glasses, his gaze fixed on Chen Feng: "I wonder what valuation Mr. Chen plans to use to acquire these shares?"

This issue is at the heart of the negotiations.

Chen Feng leaned back in his chair and said slowly, "Representative Wang should know that when I invested in Tencent two months ago, the valuation I gave was thirty million US dollars."

"Although two months have passed, I believe that a slight increase from this level is a reasonable range. What do you think, Representative Wang?"

The ball was kicked back again.

Wang Jun smiled, clearly a seasoned negotiator: "What exactly do you mean by 'slightly higher' as mentioned by President Chen?"

Without waiting for Chen Feng's reply, Wang Jun continued, "I think that given Tencent's growth rate over the past two months, especially the explosive growth in registered users, if it's only slightly over 30 million, it's probably underestimating the company's potential and value."

"potential?"

Chen Feng shook his head, a slight smile appearing on his lips. "Representative Wang is right, the data has indeed increased. But what is this increase based on? It's based on my investment."

"Without my money, Tencent probably wouldn't even be able to afford to rent servers, let alone expand."

"Furthermore, when exactly will this so-called potential be realized? What is the path to realization? I think both Representative Wang and the IDG executives have a big question mark in their minds, right?"

"Otherwise, why is your company in such a hurry to cash out at this time?"

Chen Feng's gaze sharpened: "Finally, before the penguin truly has the ability to generate revenue, how much more money will it need to burn? How deep is this bottomless pit? Representative Wang understands the risks involved better than I do."

These words came out like a barrage of bullets, hitting the nail on the head.

Wang Jun looked at Chen Feng, remained silent for a moment, and his smile faded slightly: "President Chen's analysis is very insightful, and I agree with it."

"This is indeed one of the reasons why we want to reduce our holdings. As a venture capital firm, it is our professional principle to take profits and avoid risks at the right time."

"Now that we've laid everything out, I won't ask for an exorbitant price."

Wang Jun held up five fingers: "Our internal assessment of Penguin is that it is valued at around 45 million US dollars. If Mr. Chen can accept this price, we can discuss the specific share transfer."

Forty-five million.

In fact, this price was within Chen Feng's acceptable range, but he would never show it.

In business, it's always the case that you ask for the moon upfront, but eventually you have to negotiate down to the bottom.

"Representative Wang, forty-five million... Are you kidding me?"

Chen Feng frowned slightly, his tone carrying a hint of doubt.

Wang Jun remained expressionless: "Does President Chen think it's too high?"

"It's not just high, it's that the premium is too high."

Chen Feng waved his hand, "Given Tencent's current profitability, it can't support this valuation. Well then, I'm too lazy to haggle it down bit by bit."

"Forty million US dollars!"

"Based on a valuation of forty million US dollars, I will acquire all of IDG's shares in Tencent!"

Wang Jun did not respond immediately, but lowered his head, seemingly weighing the pros and cons.

In fact, the valuation of 40 million US dollars has slightly exceeded the bottom line of IDG headquarters, and the deal can be completed.

But he didn't want Chen Feng to think this piece of meat was too easy to eat, so he deliberately acted as if he was in a dilemma.

Chen Feng wasn't in a hurry. He picked up his teacup, took a sip, and waited quietly.

Ma Huateng and Zhang Zhidong, standing to the side, didn't dare to utter a sound.

Although this transaction is unrelated to their equity stake, it directly determines the company's future shareholder structure, making the two extremely nervous.

Two full minutes passed before Wang Jun raised his head, as if he had made a difficult decision.

"Phew...Mr. Chen, I must say, your decisiveness is truly admirable."

Wang Jun sighed. "In principle, we can accept a valuation of forty million US dollars. However, as I just mentioned, the current order from headquarters is not to clear out all inventory. We need to retain some observation positions."

Therefore, we can only transfer a maximum of 15% of our shares to you.

Seeing that the other party had relented, Chen Feng felt a huge weight lifted off his shoulders.

Although we couldn't take all 20% at once, getting 15% is still pretty good.

With the addition of the previous 15%, he will hold 30% of the shares, firmly securing his position as the second-largest shareholder.

"Alright."

Chen Feng nodded reluctantly, "15% it is. Based on the valuation of 15 million, the consideration for this transaction is 600 million US dollars."

"That's right." Wang Jun nodded in confirmation.

"Then I wish us a pleasant cooperation!"

Chen Feng stood up, a victor's smile on his face, and extended his hand again.

"It's a pleasure working with you!"

Wang Jun also shook hands with a smile.

For IDG, the initial investment in Penguin only cost $110 million, and now, by selling only a portion of the shares, they have recouped $600 million, resulting in a return on investment of several times over. Moreover, they still have a portion of the shares left as a lottery ticket.

By any measure, this was an extremely successful deal.

As for whether penguins will be able to make money in the future?

They weren't actually optimistic, and the fact that they've secured their profits is the best possible outcome.

Seeing that the two had reached an agreement, Ma Huateng and Zhang Zhidong, who were standing to the side, also breathed a sigh of relief and smiled with ease.