Reborn, you call this an honest person?

Chapter 84 Resolving the Crisis of Fighting Overnight

Is the free zone of Pinxixi Mall outdated?All the users who were paying attention to Pin Xixi were immediately blown away.

In the free zone of Xixi, none of the countless items were taken away by users.

Millions of Pinxixi users reported Pinxixi to the official, Pinxixi made everyone angry this time,

However, during the riots on the whole network, here in Yiwu, they were playing with fate to fight for the orders sent by Xixi...

During this period of fighting Xixi, 9.9 yuan for T-shirts, 9.9 yuan for belts, leather bags, hundreds of thousands of delivery orders to manufacturers,
Pin Xixi paid a high price to attract thousands of interns to run Pin Xixi,
The office building that Wang Heng bought was quickly filled with Pinxixi employees...

When everyone was panicking, Xiao Yan chose to be with Wang Heng,

She naturally knew that Pin Xixi did not break the law. Now Pin Xixi has been hacked by the whole network, and relevant departments are coming to check.
She thought this was her chance, and while busy with company affairs, comforted Wang Heng,
Is Wang Heng afraid?He is really not afraid, so what about the hot discussion on the Internet?There are a lot of heated discussions on the Internet, and there are not many unresolved issues.

And he is completely reasonable and legal marketing!People are fine with Pinduoduo, so why should he have trouble with Pinduoduo?
……

Pin Xixi Wang Heng was not afraid, but Ari's Jack Ma regretted it, regretted it very much,
He really didn't expect to snatch a festival event, force Wang Heng to leave Taobao, and then set up Pin Xixi to compete with Taobao,
Although it seems that Pin Xixi has been hacked by the whole network, his users have not disappeared.
As long as remedial measures are taken in the later stage, this large shopping platform with 2 million registered users and 3000 to [-] million active users can survive.

At that time, Pin Xixi can be said to be Taobao's biggest opponent, so only when the entire network is black and pin Xixi, it is the best time to defeat Pin Xixi.

Jack Ma quickly assigned tasks to his subordinates, contacted some other relationships, and wanted to defeat Pin Xixi in one fell swoop...

Shenzhen Bernima saw Wang Heng's show operation and called it "talent",
If it weren't for the fact that the situation is not clear now, he wished that Paipai.com directly copied Wang Heng's idea,
Now that Pin Xixi has been notified, he has no choice but to wait and see what happens.

Just as Bernie was watching Pin Xixi's news at the chairman, he suddenly received a call from Wang Heng,

Bernama answered the phone without thinking,

"Director Ma, I want to ask if you are interested in Pin Xixi."

"You want financing?"

"Now that the whole network is fighting against each other, my little arms and legs will definitely not be able to resist, so I want to find more people to fight together."

"Pin Xixi's current problem is a bit serious. If the trouble is not resolved, financing will not be so easy."

"I must have a solution, don't worry about that."

Bernema pondered for a while before replying, "Tencent can invest, but currently Pinxixi cannot be valued by PE or PS, and can only be valued by MAU."

Wang Heng has studied business management for a while, and knows that PE valuation is based on the price-earnings ratio.

If a company has no profit, even if it is given a price-earnings ratio of 50 times, the valuation of that company can only be zero.

PS valuation is calculated based on the price-to-sales ratio. For example, Pinduoduo was valued in this way before it went public.

That is to say, how much money you sell in a year and how many times it is multiplied is the valuation of your company.
So Pinduoduo had to do marketing even if it was losing money before it was listed. He just wanted to increase the valuation. Of course, this method will not work after the listing.

Pinxixi just opened, and the price-earnings ratio and price-sales ratio can't be done, so it can only be valued according to MAU or monthly active users.

Although Pinxixi is only opening now, the financing is not something that can be negotiated in a short period of time, so wait for ten days and a half months, and naturally the MAU will come out.

Wang Heng understands that Pin Xixi can't be controlled by him alone. He has no choice but to raise money, and there is no way for MAU to lose money.
"Mr. Ma, how much are you going to pay for an MAU?"

"100RMB."

100RMB per MAU, Pinxixi now has about 3 million active users, so the valuation is 30 billion yuan,

To be honest, it is too low. The same data is in Taobao and Jingdong, and their minimum value is 500 yuan.

But there is no way now, Wang Heng must accept it, otherwise Pin Xixi will definitely not be able to continue playing.

"Mr. Ma, I can accept a lower valuation. I need to raise 12 billion yuan and release about 40% of the shares. If you are interested in being the lead investor, please contact me with other follow-up investment companies."

Bernie readily agreed,
"No problem, I will send letters to several important investment companies tomorrow."

12 billion, it’s no problem for Tencent to get 20%, which means 6 million. As long as Wang Heng solves the problem of hacking the entire network, Bernima thinks that Pinxixi can still invest.

"Please wait, I will send an investment letter to my company's mailbox, and if the investment company you contacted is interested, please also send a letter to my company."

"OK, no problem."

"Then wish us a successful cooperation."

"Well, smooth cooperation."

……

After Wang Heng hung up the phone, he soon received an investment letter from Tencent Investment Department.

Wang Heng directly asked the technical department to post the investment letter on Pinxixi Mall,

Then Pinxixi’s official website disclosed the announcement of this financing,

"Pinxixi Mall's first round of financing is 12 billion yuan, 8 million is used to subsidize Pinxixi users, 2 million is used to maintain the company's operations, and 2 million is donated to the urban construction of Hangzhou City.
Pinxixi Mall is a positive energy platform that is beneficial to the society and the people. "

Wang Heng is not afraid that the investment company will not come to invest after seeing the announcement of Pinxixi Mall.

Because everyone understands that if Wang Heng spends one billion yuan, basically all crises will be resolved.

But now Pinxixi has more users than Taobao, but its valuation is less than one-fifth of Taobao's. Who can resist not to vote.

Wang Heng's move did resolve the crisis quickly, and Hangzhou officials silently canceled the public investigation and replaced it with inspections.

Wang Heng chose Hangzhou as the city to start his business, and he really did not make a mistake.

There are no black and white glove companies in Hangzhou, and they attach great importance to high-tech companies, so after understanding the situation, they stopped putting pressure on Pinxixi and turned around to support Pinxixi.

When Jack Ma found out about the situation, he was so angry that he dropped his favorite Zishan Dragon King Zisha teapot...

(End of this chapter)