My rebirth is different

Chapter 675 Solve the Funding Problem First

Citigroup isn't very interested in instant messaging over the Internet, especially at a high valuation.

But for internet finance, they are very interested!
So Jack can't wait to join in and win a certain share for Citigroup. In his opinion, if you choose a company or a person to invest in China's Internet finance industry, then Yuwenfei is definitely the best investment object!

Quite simply, Yu Wenfei's achievements in the past have fully proved this point.

What's more, there are no other investment targets now. Even in European and American countries, this concept has just emerged. Even pioneers like PayPal have not achieved the comprehensive Internet financial services proposed by Yu Wenfei.

The concept proposed by Yu Wenfei today is already a global pioneer!

The remaining shareholders already own shares in WeChat. Even after WeChat Pay is spun off, they will have the same proportion of shares in the new company, so they are not in a hurry.

Yu Wenfei smiled and said, "Of course there is no problem. I invite Mr. Jack to come here today, and I also want to invite Citigroup to join the board of directors of this new company."

Citigroup was invited not only for their money, but also because Citigroup is too professional in the financial industry and has a great influence in the global financial industry.

Internet finance is still a financial industry in essence, but only uses the Internet as a tool, so the company must have a large number of professional financial personnel. In this regard, Shanghai Pudong Development Bank and Citibank can provide help.

…………

On the valuation of the new company, everyone had another disagreement, of course, between Jack and the original shareholders.

Of course, the old shareholders hope that the higher the valuation, the better, so that the newly joined Citibank needs to pay more cash to acquire the shares, and the proportion of the old shareholders' shares will not be diluted more severely.

But from the standpoint of Citibank, it is natural to hope that the valuation will be lower, so that it can get more shares with less money.

"Although I am very optimistic about this company, after all, this company does not have any outstanding results at present. The number of users is more than 1 million, which looks very good, but don't forget that those are only WeChat users, not WeChat Pay users. !According to the data provided by Mr. Li, in the past month, there have not been many users who have made transactions through WeChat payment, and most of them have concentrated on the Facebook game platform to buy games." Jack said confidently.

He is optimistic about Internet finance and WeChat Pay under the leadership of Yu Wenfei, but this does not prevent him from presenting various data and facts to lower the valuation of WeChat Pay.

"This matter is actually easy to solve. Isn't it over if we sign a gambling agreement? Because if the valuation is based on the current data of WeChat Pay, the old shareholders will not agree. If the valuation is based on the future prospects, you Citigroup will also Don't worry." Yu Wenfei laughed.

Jack sighed, still didn't take advantage of it.

Gambling against performance is a method often used in the investment circle. It is usually when there are disagreements about the company's development prospects.

The company's entrepreneurs or original shareholders think that the company will develop to a certain scale in the future, and want to calculate the valuation based on this, but new investors don't agree, thinking that this judgment is not accurate.

Then at this time, the VAM agreement came in handy.

The VAM proposed by Yu Wenfei was approved by all shareholders, and finally everyone discussed and decided.

Citibank invested 2000 million U.S. dollars to obtain [-] million shares of the newly established "Facebook Internet Financial Services Company".

It should be noted that the total share capital of this new company is 2000 million. Except for the 2000 million shares of Citigroup, the remaining [-] million shares are distributed by the old shareholders according to their shareholding in WeChat.

宇文飞独占7000万，软银资本1000万、魔都国际信托投资公司1000万、沈楠鹏900万、交大创投100万。

In addition, there are additional conditions for Citibank to pay the [-] million US dollars, which is what Yu Wenfei called the "gambling agreement"!
According to the agreement, Facebook Mutual Finance Company needs to reach more than 3000 million active users within one year, and the amount of transaction funds exceeds 30 billion.

In other words, each of the 3000 million users spends an average of [-] yuan using WeChat Pay.

This condition is not unreasonable. An Internet finance company with 3000 million high-quality customers has a valuation of 12 billion US dollars, which is indeed not too much.

Although Jack has a high rank within Citigroup, he is not someone who can make decisions after all. Only a preliminary agreement has been reached on the spot, and he still needs to report to the headquarters for approval.

Of course, since Jack dared to sign this agreement, he had the confidence to get approval from the headquarters.

At the end of the meeting, everyone is happy, all shareholders are very happy, and another company with unlimited prospects has been established.

In their eyes, Yu Wenfei is a "magician", constantly taking out a project full of temptation from his pocket, and as long as each of these projects is officially pushed to the stage by him, he will get huge rewards. success!
As an investor, the happiest thing is this!

Investment, in the final analysis, is still investing in people, not investing in projects...

…………

Yu Wenfei also breathed a sigh of relief, and finally settled part of the funds. With Citigroup's [-] million US dollars as a base, the informatization project to benefit the people will last for at least a few months.

For the rest, it is always possible to take his plan and go to the relevant department to apply for an interest-free loan of 20 billion [-] billion.

After all, the new Lenovo company has actually incurred huge losses. The purpose is to promote the national informatization process. It does not intend to let the state pay for this part of the money, but the corresponding support is still necessary.

Tax exemption, interest-free loan, official publicity, corporate honor, etc.

In addition, after the acquisition of IBM's personal computer business, there should be about [-] million US dollars of the prepared money left.

Originally, Star Technology had RMB 15 billion plus USD 92 billion in its accounts, but the purchase of Lenovo Group cost a total of RMB 12 billion, leaving RMB 15 billion plus USD [-] billion.

IBM's personal computer business is estimated to need 13 billion US dollars, so there will be 16 million US dollars left, which is about [-] billion yuan when converted into RMB.

Add 12 billion yuan, or 28 billion.

This part of the money can be used first for the Huimin computer project, and the rest will be invested in the research and development of new projects.

Although it is tight, but the funds are finally not a problem.

…………

After solving the funding problem, it's time for the next step. Yu Wenfei plans to go to Hangzhou in person to meet the old horse!

For this long-known person, Yu Wenfei has not officially met him yet.

Of course, with the current status of the two, it is Lao Ma who needs to look up to Yu Wenfei...

(End of this chapter)