Reborn in 08, Public Enemy of Competitors

Chapter 111 Don't underestimate me because I'm poor

"Although I have no intention of selling EtaoGO for the time being, Pony is so sincere, I can listen to your terms first."

The brief silence in the conference room was broken by Shen Mo.

"I can offer a portion of my equity in Paipai.com and Tencent, plus some cash."

Ma Huateng pushed up his glasses.

"How many?"

How much do you want?

"Our YiTao G0 Series C funding round has a total valuation of no less than 20 billion US dollars."

Shen Mo held up two fingers.

Ma Huateng asked, "Are there any other conditions?"

Shen Mo said, "YiTao G0 issued a batch of stock options in the early stages. After the acquisition, what are Tencent's plans to do with them?"

"We can calculate the value of the options based on the current valuation of YiTao G0, and then pay them to the employees in cash."

Liu Chiping said, "We allow stock options to be exercised early. Of course, for core talents, we will also allow them to convert their YiTao G0 stock options into Paipai.com stock options to ensure a stable transition for the team."

Shen Mo raised an eyebrow: "Sounds pretty good."

"However, we also have requirements. After acquiring E-Tao Gô, we hope you can take on the role of strategic advisor."

"This is to ensure a smooth handover and transition for the team," Ma Huateng said.

"how long?"

Shen Mo asked, "I have several projects on my hands, and I can't devote too much energy to this."

"Normally, non-compete clauses are for 3 years, but we only require 1 years."

Liu Chiping said, "You don't need to be in the office full-time, but it would be best if you could offer some advice at key decision-making points for YiTao G0."

After a moment of silence, he neither agreed nor refused immediately.

"The conditions you've offered are indeed very sincere. If I ever decide to sell YiTao G0, I'll definitely contact Tencent first."

"good!"

"You can also contact us during the Series C funding round," Ma Huateng said.

Shen Mo said, "Speaking of which, if Tencent is interested, I wouldn't mind transferring 5% of my shares separately in this round of financing."

share."

Ma Huateng was extremely curious: "Transfer it? You're willing to part with it?"

Shen Mo smiled and said, "After running this business for so long, we need to earn some money to improve our lives and enjoy ourselves. What do you think?"

After discussing for a while, the specific framework and terms of Pinduoduo's Series A financing were basically finalized, and a formal signing can be scheduled for a later date.

Shen Mo saw Ma Huateng and the others out of the building. Huang Zheng followed beside him and asked in a low voice, "Are you really planning to sell YiTao GO?"

"You think it shouldn't be sold?"

"We can't sell now, at least not right now, because this is a critical period for Pinduoduo's development."

"I knew that's why I chose Series C funding."

Shen Mo said, "But we definitely have to sell. How high can a shopping guide platform's ceiling be? Can it be as high as Pinduoduo's?"

Huang Zheng shook his head and sighed, "Just like when I sold Ouku.com."

"yes."

Shen Mo shrugged and said, "The ceiling for shopping guide platforms is already set. It was like that in the PC era, and it's like that in the mobile internet era. It's just a matter of switching from computers to mobile phones. How much higher can it go than it is now?"

Huang Zheng said, "Unless, like with YiTao and Taobao, YiTao GO is completely merged into Pinduoduo."

As Shen Mo walked, he said, "So, YiTao G0 may be a crucial part of Tencent's social e-commerce sector, but for us, the further we go, the more of a burden it becomes. It's neither useful nor worth abandoning. We might as well take advantage of the current high point, pick a good time, and sell it for a good price."

"When do you plan to make your move?"

"Wait a little longer."

"What are you waiting for?"

"Groupon, a group-buying platform in the United States, has developed very rapidly."

Shen Mo stopped in his tracks. "After the subprime crisis, not to mention the middle class in the United States, many millionaires were on the verge of financial ruin. The group-buying model allows those who are downgrading their consumption to buy more cost-effective items at lower prices —"

Huang Zheng asked, puzzled, "I know about Groupon, but what's the kill threshold?"

"We'll talk about that later."

Shen Mo waved his hand, "All you need to know is that Groupon's success will definitely drive a batch of group-buying websites to emerge in China."

now."

Huang Zheng nodded: "The essence of the domestic Internet is still the same as the technological innovation of Silicon Valley. From Sohu and NetEase to Ali and Tencent, it has never changed. Group buying is probably the same."

"Moreover, our YiTaoG0 and Pinduoduo have also proven the feasibility of the group-buying model in China."

Shen Mo said, "If nothing unexpected happens, a wave of group-buying entrepreneurship will soon sweep across China."

Huang Zheng suddenly realized: "You mean—"

Shen Mo said, "If Pinduoduo had created a group-buying channel back then, providing a navigation portal similar to hao123 for those group-buying websites, or if YiTaoG0 had provided shopping guide services for group-buying websites, do you think our valuation would have increased even more?"

Meanwhile, amid the news of Pinduoduo's "refund one, compensate one" policy, the police stepped up their efforts to solve the case.

Finally, within the deadline set by their superiors, the truth was uncovered.

"Mr. Wang, the problem with the counterfeit alcohol lies in the transit process."

As a lawyer from a top-tier law firm, Li Chun took on the case of Huitong Logistics and immediately informed Wang Wenzhi of the latest developments.

"Your company's deliverymen specifically target high-value packages like Moutai and Wuliangye, and use heat guns to soften bottle caps during their night shifts."

glue."

"Then they replaced the genuine liquor with bulk sauce-flavored liquor priced at 30 yuan per jin, and then resealed the boxes and returned them as is."

"The genuine liquor that was replaced was sold to scalpers that very night and sold in the gift market, making a profit of several hundred yuan."

"So you mean they're repeat offenders?"

Wang Wenzhi's face darkened, and his hand gripping the phone tightened involuntarily.

Li Chun said, "Yes, and they are very cunning; they will destroy the anti-counterfeiting labels and create the illusion of 'shipping losses.'"

Wang Wenzhi asked, "What should we do now?"

"The courier's unauthorized substitution of the wine constitutes a fault in the transportation process. As the carrier, Huitong Logistics is liable for compensation for any damage or loss of the goods during transportation."

Li Chun said, "Pinduoduo has already made a refund and compensation payment to consumers, and has legally obtained the right of subrogation, and has the right to seek compensation from us. Next, you will be facing Pinduoduo and Jiuxian.com."

"This is troublesome!"

Wang Wenzhi sighed, "You're picking on the weakest link."

Huitong has ways to deal with a few scattered consumers, but when it comes to Pinduoduo, especially with the silence behind it—

"It's quite a coincidence that Lin Qingyan, the current legal director of Lingyun Technology, once interned at our law firm."

Li Chun revealed a smug smile.

"Really? There's such a connection?"

Wang Wenzhi's eyes lit up.

"We weren't exactly close friends, but we did work together and I helped out in some ways."

Li Chun said confidently, "Moreover, there are quite a few lawyers in our law firm who graduated from Aurora University, and several of them are her alumni. Perhaps we can use this connection to see if we can settle things privately with Pinduoduo and Jiuxian.com."

Wang Wenzhi said, "Okay, I'll leave this matter to you."

"You can leave it to us with peace of mind."

After hanging up the phone, Li Chun glanced at Liu Wenwen in front of her and said, "You told me before that you and Lin Qingyan are alumni."

Liu Wenwen, an intern lawyer, raised her chin and patted her chest confidently: "Yes! We're in the same law master's program!"

"Alright, you can ask your classmate for me what their attitude is towards this case."

'

o

Upon hearing Li Chun's words, Liu Wenwen felt extremely conflicted, but she still accepted the task without further ado.

He then returned to his workstation, opened his QQ friend list, found Lin Qingyan whom he hadn't contacted in a long time, and a hint of jealousy appeared on his face.

Her first degree was just an ordinary undergraduate degree, which was no match for mine. Why was she the legal director of Lingyun?

She comes from an ordinary family, even a bit poor, and can't compare to my family of lawyers at all, so why should she be allowed to do this?

She couldn't even find a proper job in a top-tier office in Shanghai, so why did her luck turn around as soon as she returned to Hangzhou?

No matter how jealous they were, they could only swallow their anger and send a seemingly friendly QQ message.

"Qingyan, are you there?"

Upon seeing such a sudden message, Lin Qingyan did not reply immediately, but narrowed her eyes into slits.

I vaguely remember that Liu Wenwen's father was a senior lawyer at the prestigious Beijing law firm, and her mother also managed a small to medium-sized company in Shanghai.

It is precisely because of this background and relationship that he can easily obtain the opportunity to become a full-time employee that Lin Qingyan has been fighting for.

But things are different now!

Things change, fortunes shift; don't underestimate me just because I'm poor!