Yanzi Valley of Jingcheng

Chapter 285 Why Buy Lotte

After the meeting was over, Guan Sha walked quickly to Xiao Jie, surprised and delighted, "Didn't you say you were going for two weeks? Why did you come back early?"

Xiao Jie glanced at the staff behind Guan Sha who were staring at them, and said, "Let's go when we're done."

When Xiao Jie and Guan Sha walked out of the Yanzigu community, Xiao Jie took the initiative to hold Guan Sha's hand.

"Mensao!" Guan Sha thumped Xiao Jie's arm, and only after she had finished beating did she realize that it was Xiao Jie's hand that had been put in a plaster cast not long ago.

"Does it still hurt?" Guan Sha acted as if she had done something wrong.

"It's okay." Xiao Jie replied.

The two came to the steamed stuffed bun shop where Ren Tianxing took Guan Zhenzhen to eat. The line was winding like a dragon. Guan Sha stretched her neck to look at the price list in the distance, and sighed, "The boss is really conscientious, it's almost 2022, No price increase yet."

"Those who have gained the Tao will help." Xiao Jie pointed to Guan Sha to look at the length of the team, "Don't worry, the catering industry has a normal 50% profit. I guess the current price of his house is just a high probability of suppressing the profit rate. It’s all within 15%, and you should understand that as long as the profit exceeds 10%, the business can definitely continue.”

"Why do you feel like you're talking about me?" Guan Sha smiled, and she looked around, and found that the people in line around were all looking down and swiping their phones, so she tiptoed and kissed Xiao Jie suddenly.

Guan Sha originally thought that Xiao Jie would put on an unnatural expression, but he didn't, not only did he not, Xiao Jie took advantage of the situation and put one hand on Guan Sha's arms, bowed his head and kissed her forehead.

"Letian over there, it's settled, they agree to sell." Xiao Jie said.

Guan Sha widened her eyes when she heard the words, "So soon? It's settled? It's only been two weeks..."

Xiao Jie signaled Guan Sha to go forward at this time, and the team gradually shortened, "Actually, this project has been advanced for nearly half a year, I just didn't tell you."

Xiao Jie was indeed looking for a suitable rental network very early on. Hu Hai told him from the very beginning that the big data system was not enough, and accurate data sources were needed. The more accurate the input content, the more credible the output results would be.

So before Ye Taodu took a stake in Yanzigu Apartment, Xiao Jie had already started to look for a suitable M&A target in the market.

Aixin Rent a House, a subsidiary of CDH Investment, was also targeted by Xiao Jie at that time, but Lian Tianhai was determined not to sell it, and even said that he would reverse acquire the Yanzigu Apartment.

Lian Tianhai's solution was indeed a solution, and Ye Taodu's Fang Yaowen and Hu Hai were also present at the time. Both of them hoped to cash out the equity of Yanzigu Apartment, and it was not convenient for Xiao Jie to say anything about it.

If Yanzigu Apartment cooperates with Liantianhai’s CDH Investment, Guan Sha can quickly expand its scale, Jin Quan and Ye Taodu can also get a sum of cash, which seems to be the best of both worlds, but Xiao Jie believes that the absolute controlling stake in Yanzigu Handing over to others may plant a landmine for the future development of Yanzigu Apartment. In addition, Lian Tianhai's assets have not been investigated clearly, Xiao Jie does not want to act rashly.

He asked Guan Sha to meet Lian Tianhai at the beginning, but he just wanted to hear Lian Tianhai's intention to bid, maybe there are other ways of cooperation between the two parties.

However, when the team reported to Xiao Jie the difference between CDH's Aisin.com and Lotte, Xiao Jie basically gave up the idea of ​​cooperating with Lian Tianhai.

The team that Xiao Jie sent to investigate the two renting websites was led by none other than Guan Sha's good senior from childhood, and one of the few capable officers under Jin Quan, Xiao Jie's old acquaintance: Jiang Yifan.

In the end, Jin Quan took Letian Rent a House as the key negotiating object, and Jiang Yifan made a lot of efforts.

"Based on the financing completed by Lotte at the beginning of this year, Lotte's current valuation is 80 billion U.S. dollars." Jiang Yifan said to Xiao Jie, "There was a stock split in March, 3 for 1, and now the total share capital is 10 billion shares. If we go in, it's a pre-IPO."

A company conducts an initial public offering (IPO), the financing before it goes public, known as a pre-IPO.

The valuation of an IPO is generally higher than that of a pre-IPO. At this time, Jinquan will invest in Letian Rentfang.com, and there is a high probability that he will get a lot of money after it is officially listed.

……

"They are about to go public, why are they still selling their shares?" Shen Li asked Guan Sha later.

"Haha, Sister Shen Li, you don't understand. If it's other investment companies, they won't sell it, but it's different if it's Jinquan."

"Why is Jin Quan different?" Shen Li was still puzzled.

"Because Jinquan is a well-known investment group in China, and the shareholders have it as an endorsement, Letian Rent a House will tell a better story in the secondary market."

"It means that my shareholders are awesome, so I am also awesome. Since I am awesome, you have to give my company a higher valuation. Is this the logic?" Lei Biao asked beside him.

"That's right!" Guan Sha gave Lei Biao a thumbs up, "Brother Biao summed it up very well."

……

Xiao Jie told Guan Sha that every year, there are quite a few companies that take the initiative to find Jin Quan for pre-IPO endorsement, and there are quite a lot of funds that specialize in this piece of meat, which is quick and worry-free.

If a company reaches the pre-IPO stage, most of its business is already approaching maturity, and its valuation is not low. Many of these companies have used the IPO to ask money for a lot of money, causing the company's valuation to go up before it goes public. Small bubbles, so Xiao Jie personally did not like to invest in companies at this stage.

"Then which stage do you like to invest in? Is it my stage?" Guan Sha asked playfully, "Why didn't you tell me that you and Letian are online? You can tell me! You said that Lian Tianhai is just a spare tire, If you can talk well, you can talk casually... You don't say anything, and I misunderstand..."

"Letian hadn't settled the deal at that time, we just gave a preliminary plan." Xiao Jie said, "I'm afraid that if someone refuses, wouldn't it make you happy for nothing?"

"That's not the point! The point is that you have to learn to communicate!" Guan Sha complained to Xiao Jie while being dragged by Xiao Jie to follow up with the team, "Success or failure, you have to tell me, communicate with me, I'm not your leader, There is no rule that you must report when things are done. Don’t think that if you can’t do the communication before, it’s a waste of time. Didn’t they say that 99% of the conversations between couples are nonsense, and the more nonsense, the better the relationship!”

"I didn't tell you before, because this kind of merger needs to be kept strictly confidential." Xiao Jie explained, "Not only you, but other teams in the company didn't tell. For example, Ren Tianxing only found out about it recently, and the merger was not negotiated. There will be a lot of unnecessary competition."

"You mean...other venture capital firms will compete with you if they find out?"

"We don't rule out this possibility. In that case, we don't have much room to negotiate on the price."

Guan Sha thought about it carefully. What Xiao Jie said was reasonable. If she wanted to eat fat, she had to keep a low profile. Just when Guan Sha wanted to continue to say something, she heard the owner of the steamed stuffed bun shop ask, "What do you want?"

"Taro buns! It's not fried taro buns! It's taro buns! 4 pieces! 2 pieces of each other!" Guan Sha emphasized.

The boss didn't speak, but sorted the steamed stuffed buns quickly for the guests, and quickly handed them to Guan Sha after sorting. He didn't even have time to listen to the WeChat receipt prompt, so he shouted to the next person, "The next one, what do you want?!"

Guan Sha took Xiao Jie to the mountain park behind the Yanzigu community while eating, and the topic still revolved around the merger and acquisition of Renfang.com.

"There are so many rental websites, why did you fall in love with Lotte?" Guan Sha asked Xiao Jie.

(End of this chapter)