Huayu: We're asking you to act, and you're playing a superhuman?
Chapter 58 250 million, to buy your entire company!
Too bad!
Lu Chuanwei was stunned!
Before the negotiations began, he already had a premonition that Chen Weixing's delusional 3000 million offer was unlikely to succeed.
However, he never expected that Wang Weili, who represented Kuaidi Dache in the negotiations, would make such a offer.
From 3000 million to 250 million, that's more than a 1% discount...
"Are you kidding me?!"
Chen Weixing's face turned green with anger. He slammed his fist on the table and stood up abruptly.
"While our company isn't as large as yours, our valuation in our last funding round reached 2500 million. Didi Chuxing offered us 3000 million, and now you want to sell our entire company for 250 million?"
Faced with this string of vehement arguments and shouting, face-to-face questioning.
Wang Weili said calmly, "Your cash flow is about to dry up, and your user base is less than one-tenth of its peak. In my opinion, Didi Chuxing's so-called pricing is just nonsense..."
As he spoke, Wang Weili was still looking at Chen Weixing with a meaningful gaze.
It was obvious that the young man knew exactly what was going on.
Chen Weixing's self-proclaimed scheme of setting up his own stage and putting on a show never fooled the other party at all.
However, that's a really steep offer!
Lu Chuanwei kept muttering to himself, but his mind was on something else entirely.
Could this young man have also orchestrated the previous strategy of burning money to seize users from Kuaidi?
Chen Weixing retorted, "Even if what you say is true, and our company is indeed facing difficulties, our valuation shouldn't have plummeted from 2500 million to 250 million! (whispering: 250 million... damn it!)"
"Since Mr. Chen knows about valuations, he should also understand that these valuations reflect expectations for the company's future development!"
Wang Weili asserted, "When I invested in Kuaidi Dache, the entire company had only four employees, and all other equipment combined amounted to only about a million yuan in assets."
"Our future goal is to become an internet giant with a market capitalization of several billion US dollars, and we've already achieved that goal. That's why I gave it a valuation of 1000 million when I invested!"
"But you have no future. All anticipated valuations have been reduced to zero. All that's left is the team, equipment, servers... It's perfectly reasonable to package all of these things together for 250 million."
When a price that shocked everyone was announced, the response was silence.
When the price became reasonable, everyone's reaction was unusually quiet!
Valuation is the expectation of the future.
Some companies may never generate profits, but their goal is the stars and the sea. As long as a consensus is reached, the capital market can give them a valuation of trillions of dollars.
Other resource companies, despite having stable profitability, only have a price-to-earnings ratio of around ten, also because they lack expectations.
Lu Chuanwei carefully considered what Wang Weili said and found that he was indeed right.
While the offer of 250 million does indeed have the suspicion of taking advantage of someone's misfortune, it also proves that Wang Weili is a person who understands the situation and is decisive.
From a business perspective, he was not wrong.
It was just a bit too harsh.
"I can't accept this price!"
Chen Weixing waved his hand dismissively, showing no intention of continuing the discussion.
His expected selling price was around 2000 million; the so-called 3000 million was just an exorbitant price.
Chen Weixing had originally planned that Wang Weili would come and negotiate the price, and then he would go and bargain. After several rounds of negotiation, the deal was made.
Unexpectedly, that bastard slashed right down to his toes, leaving no room for negotiation, and he didn't want to continue.
Seeing that the acquisition negotiations were about to end, the finance and legal personnel sent by Ali hurriedly went to look at Wang Weili.
Lü Chuanwei was also watching Wang Weili's reaction, wondering how he would handle it. He couldn't just get up and leave like that, could he? What was the point of making the trip?
Wang Weili certainly wouldn't get up and leave. He just calmly watched Chen Weixing, completely unperturbed.
"Mr. Chen, are you aware of the subprime mortgage crisis?"
"What do you mean?"
"When the subprime mortgage crisis hit, Bear Stearns, one of the Big Five investment banks, was restricted from trading, and its stock price plummeted from a high of $170 to $30. At the time, their market capitalization was still over $30 billion, but JPMorgan Chase CEO Jamie Dimon offered them $2.4 million to acquire them!"
Chen Weixing sat down with a gloomy expression and did not reply.
Wang Weili's eyes were deep, firm, and resolute.
Why did Bear Stearns accept such an offer? Because if they didn't, they would be doomed!
"When the deal was completed, Dimon was not satisfied, admitting that he was buying a house that was on fire because there were many unseen hidden costs behind the acquisition."
"A few months later, another investment bank, Morgan Stanley, was also going to go under. This time, they offered it for free, but Dimon didn't accept it."
Wang Weili adjusted his posture, leaned forward to look at Chen Weixing, and his eyes were crisp and clear.
"We will take over the entire ride-hailing market in Zhejiang Province before the end of this month. At that time, your company will be worthless."
"...Even so, I won't sell it to you!"
Chen Weixing glared at Wang Weili stubbornly, then got up to leave.
"Mr. Chen, please wait a moment."
Wang Weili turned his head and saw that it was Lü Chuanwei who was speaking.
Chen Weixing frowned and looked over: "What's wrong?"
"Excuse me, Mr. Wang, we need to have some internal discussions. Please stay a few more minutes."
Lu Chuanwei apologized to Wang Weili, then got up and pulled Chen Weixing out of the office.
Looking at the gap left in the door, Wang Weili's lips twitched slightly as he waited quietly.
About 10 minutes later, Lü Chuanwei pushed open the door and walked in first, followed by Chen Weixing, who looked somewhat unconvinced.
After the two men sat down, Wang Weili asked, "Mr. Lü, what about you?"
"I just discussed it with Mr. Chen, and considering that the company's situation is indeed not optimistic, in order not to let down the investors' trust, we are willing to accept this offer..."
Lü Chuanwei appeared both helpless and restrained.
Chen Weixing, who had been so arrogant just moments before, slumped onto the sofa, his energy seemingly completely depleted.
Such a big change could happen in just a few minutes.
Everyone else speculated about what the two of them were saying outside the door, but Wang Weili, whose senses had been enhanced by the dragon blood, heard everything clearly.
Just now outside the door, Lü Chuanwei didn't say anything else, but simply relayed a fact and a price to Chen Weixing.
Fact: The company's cash flow is exhausted, and it has already failed to pay employee salaries, broadband fees, and promotional expenses for this month.
The cost: If the company goes bankrupt, not a single penny will be recovered. The money previously invested will be converted into bonds, which Chen Weixing will personally repay, along with annual interest...
Do you really think venture capital is so easy to get?
Wang Weili had already said this, and Chen Kai had also personally experienced it when he was seeking venture capital.
Most venture capital firms in China include supplementary clauses when investing in startups.
If your business succeeds, you all go on a yacht party; if it fails, you, the founder, will have to work to pay off your debts!
Chen Weixing's rebellious nature stemmed from his temper, but cold, hard business terms didn't allow for any temper.
2.5 million it is, it's better than nothing.
After signing the contract, as Wang Weili was about to leave, Lü Chuanwei, who had been observing him, couldn't help but follow him.
"Mr. Wang, may I have a word with you?"
"Okay, let's find a place to have coffee."
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