Reborn in 08, Public Enemy of Competitors
Chapter 51 Valuation of 1.25 billion
As everyone left the cafeteria, the evening breeze was slightly cool, but it couldn't dispel the burning heat in Zhong Xue's heart.
Then Ma Huateng shook hands with Shen Mo and said with a smile, "Xiaoguang, see them off for me."
"Okay, Pony."
Wu Xiaoguang nodded, walked to the front, and led Shen Mo and his group towards the gate.
"Mr. Shen, you just said you have a way to make QQ Space bigger and stronger, and surpass Renren.com, right?"
"This method isn't actually that difficult."
He stood silently with his hands in his pockets, walking with a composed gait.
"The reason why Renren.com surpassed QQ Zone was because of its social games. The more fun and interesting the games are, the more they can enhance user stickiness and extend online time. If QQ Zone could also produce one or two hit games like Parking Wars..."
"A wildly popular product like 'parking space grabbing' isn't something you can just create on a whim."
Liu Ning's tone carried a hint of emotion.
Before parting, Ma Huateng extended an olive branch, inviting Shen Mo to join Tencent, offering him a T4 level position, stock options, and a million-dollar annual salary.
This is something I've worked hard for over a decade to achieve!
As a result, Shen Mo rejected it without even thinking!
"Mr. Liu is not wrong."
Shen Mo pursed his lips, "However, Tencent has advantages that Renren and Kaixin don't have."
"What advantages?"
Wu Xiaoguang pressed for more information.
"You hold the huge IP of QQ Pets in your hands."
Shen Mo suggested, "You could totally emulate Nintendo's Super Smash Bros. and create a turn-based battle game called 'Q Pet Battle' and embed it into QQ Space."
Wu Xiaoguang suddenly stopped in his tracks, and couldn't help but clap and cheer, especially when he heard that he could directly challenge his QQ friends.
"Haha, to my shame, I didn't expect that Mr. Shen would know more about penguins than I, a veteran of Penguin."
"Mr. Wu, you flatter me."
Shen Mo waved his hand, "The biggest advantage of QQ Pet Battle is that QQ Pet is unique to Tencent, and Kaixin.com and Renren.com can't copy it even if they want to."
"Yes! That's absolutely right!"
Seeing Wu Xiaoguang's delighted expression, Liu Ning suddenly interjected, "Isn't one game like 'Q Pet Brawl' enough to completely overturn Renren.com?"
Shen Mo nodded and said, "But Mr. Wu, there's no need to worry. Our Lingyun Technology is setting up a game studio and preparing to design several social web games..."
Zhong Xue was dumbfounded. "Wait, boss, how come I didn't know we were going to start a game studio?"
"I guarantee you'll be completely satisfied."
Shen Mo said with absolute certainty.
"Since President Shen has said so, let's wait and see."
Wu Xiaoguang said, "Get a good rest tonight, and come again tomorrow morning. I'll arrange for a colleague from the Investment and M&A department to liaise with you."
.........
Once she had walked a distance, Zhong Xue finally breathed a sigh of relief.
"That was really scary! Ma Huateng is a super-rich man with a net worth of tens of billions. Aren't you afraid he'll turn on you if you say that?"
"For someone like him, trying to please him all the time will only annoy him. Instead, expressing different opinions appropriately will make him think more highly of you."
Shen Mo said, "See, isn't it too late to get the angel?"
"You're really amazing."
Zhong Xue said with lingering fear, "If it were me, I would have been too scared to speak."
"Of course, otherwise how would I be your boss?"
Shen Mo made a joke.
"Yes, yes, boss, but you just mentioned a game studio, when will we...?"
Zhong Xue rolled her eyes.
Shen Mo said, "Didn't you already say it? Just now."
"what!"
Zhong Xue's eyes widened: "What if we fail to create a hit product that will satisfy Tencent?"
"The question you asked simply doesn't exist."
Shen Mo said confidently, "If I wasn't sure, would I dare to brag in front of Ma Huateng and the others?"
The reason why penguins failed in e-commerce in their past life was that they didn't know how to do e-commerce and just wandered around like headless flies.
They launched Paipai.com and invested in Yixun.com, operating on multiple fronts with scattered resources. Moreover, they failed to effectively integrate QQ's social networking and shopping scenarios, thus failing to create a "social e-commerce" platform.
Right now, QQ Space is an opportunity!
With the popularity of QQ Zone, YiTaoGO can also benefit.
It's like Qin Shi Huang eating Sichuan peppercorns – he won so much he was numb!
"So, what game should we play?"
Zhong Xue's face was full of curiosity.
"Keep it a secret for now."
Shen Mo waved and hailed a taxi.
"mean!"
Zhong Xue muttered softly, "Should we call the company and tell them the good news about Tencent's investment in us?"
"Don't make a fuss yet, let's wait until the formal contract is signed."
"So who are you going to call now?"
Zehou Law Firm.
Shen Mo took out his phone. "We need to show them the contract. Although Tencent probably won't set a trap, what if they do?"
………………
Night falls in a rented room in Xiasha.
Lin Qingyan stared intently at the computer screen, her eyes filled with regret.
I'm wrong!
I was really wrong!
I shouldn't have cut my losses and left; I should have held on!
In the past few days, the government has introduced market-rescue policies such as unilateral collection of stamp duty, Huijin's entry into the market, and interest rate and reserve requirement ratio cuts. As a result, A-shares have surged, with almost all stocks hitting their daily limit.
The stocks that Lin Qingyan sold at a loss on have all skyrocketed!
Why does the price keep falling every time I add to my position, and why does it surge when I cut my losses?
Just as she was gritting her teeth, her phone rang.
"Hey, little brother Shen, what are your instructions?"
"It's not really an instruction."
Shen Mo's tone was slightly lazy: "There's just a big deal I need to ask Qingyan to help me with."
"What big deal?"
Lin Qingyan immediately perked up.
Shen Mo briefly explained the whole story.
"We raised 1000 million from Tencent, and I need a professional lawyer to help us review and finalize the contract."
"Penguins? 1000 million?"
Lin Qingyan exclaimed, "Are you kidding me?"
"Then just take it as a joke."
Shen Mo said, "I originally wanted to look after you and Zehou, but now I think it would be more convenient to go directly to a law firm in Pengcheng."
"No, no, no, Brother Shen... President Shen!"
"I'll tell the partners at the law firm right away."
After hanging up the phone, Lin Qingyan was completely dazed.
With just YiTao GO and Shen Mo and his twenty-odd people, they actually managed to get Tencent to invest 1000 million yuan in one go!
I was immediately jolted awake and reported the situation to my law firm partner. The QQ group immediately erupted in discussion.
"Qingyan, just who is this President Shen?"
"He was just an ordinary college student."
Lin Qingyan replied truthfully.
"Really? A college student can get Tencent to invest?"
"Yes, people used to say that Ma Huateng started from scratch, but who knew that it was his father who acted as a go-between, bringing in investment from the Li family in Hong Kong for his Penguin."
"Sigh, I really envy the School of Science and Engineering. How come our Business Administration Department hasn't produced a single 'Silent One'?"
"That's right. Hangzhou Normal University has Jack Ma, and now Zhejiang University of Science and Technology has Shen Mo. Our Business Administration is going to be overshadowed now."
"..."
"Alright, alright, no matter who this Mr. Shen is, Zehou will provide excellent service."
Lawyer Wang said directly, "Qingyan, since President Shen specifically assigned the case to you, you will be in charge of the entire process. I will have Lao Zhou cooperate with you. You two should prepare immediately and fly to Pengcheng as soon as possible, so as not to keep President Shen waiting."
…………
The two took a midnight flight to Shenzhen.
Lin Qingyan's eyes were bloodshot, but after a short rest, she displayed the terrifying efficiency of an elite lawyer.
But as expected, something unexpected happened: the efficiency of the investment and M&A department was faster than Lin Qingyan had anticipated.
Perhaps because Ma Huateng personally instructed them, there was no bargaining as expected. They finalized the framework and details of the financing contract after only one day.
1000 million for 8% equity!
In fact, there were dissenting opinions within the investment and M&A department.
Whether based on price-to-sales ratio or price-to-earnings ratio, based on the current data of YiTaoGO, it is completely unsupported by a valuation of 1.25 million RMB, at most it is only 70 to 80 million RMB.
But what Ma Huateng cared about was not the value of YiTaoGO, but the value of Shen Mo as a person, which far exceeded the 1000 million.
"That's...that's it? That's way too fast!"
Lin Qingyan looked at the contract and couldn't help but sigh.
"Isn't it better to be fast?"
Shen Mo leaned back on the sofa and crossed his legs.
"But isn't this all too fast!"
Lin Qingyan looked on incredulously.
Are penguins really that generous? Giving away ten million so easily?
"Of course we have to hurry. If we don't seize this great opportunity quickly, someone else will." Shen Mo curled his lip.
Nowadays, without competitors like Mogujie and Meilishuo, there are only ordinary shopping guide platforms like Fanli.com and Fanxian.com, which are simply incomparable to YiTao GO.
Of course, EasyTaoGO also won big!
Just like Pinduoduo leveraged WeChat's traffic, now that YiTaoGO is riding the wave of QQ, it's bound to take off!
After signing the contract with the investment and M&A department, Zhong Xue leaned over and asked, "Boss, are we going back to Hangzhou now?"
"Let's go back tomorrow. It's a rare trip to Shenzhen, and I've made such a big sum of venture capital. I should enjoy myself."
Shen Mo stretched.
"Okay!"
Zhong Xue excitedly took out her phone and told Yuan Hua the message.
Soon, news of YiTao GO receiving investment from Tencent spread like wildfire in the office and reached the ears of Lu Wenbin and others.
Everyone was shocked. Tencent had just blocked the group-buying link of YiTaoGO, so how could it invest in it so soon?
"Chao! When Mo comes back, we must make him tell us all about how he convinced Tencent to invest 1000 million!"
"Ten million! That's a whole ten million!"
"If you gave it to me, I could never spend all of it in my entire life!"
"Look at you, so pathetic. If you followed Brother Mo, you'd be set for yourself!"
"..."
In an instant, the entire office turned into a sea of joy, with everyone celebrating wildly and releasing the pent-up emotions of the past few days.
The commotion immediately caught the attention of Du Manqing, Ye Xiao, and the others. They rushed over to investigate, and upon hearing the news, they were all stunned.
"Could today... be April Fool's Day?"
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