Reborn Millennial Gamer

Chapter 55 Proud Papa Lu, Frustrated Papa Lu

In the reception room, Lu Huateng waited anxiously, looking at the closed door frequently.

He came here this time to run the B round of financing.

Almost all of the $220 million received from Yingke Electronics and IDG in the A round was used to purchase servers. After burning for a full year, there was still no way to realize traffic.

Ammunition and food are running out now, and if there is no more food, the penguins will starve to death!

He was not alone, and Zeng Liqing, one of the five tiger generals, was with him. He ran several Internet companies back and forth in Yanjing in the past two days.

First I found the famous Zhang Chaoyang, and then through Li Zekai's line, I found TOM.com invested by his father Li Cucumber, and then Xinlang, Wangyi, etc., all of them didn't like it...

"Old Ma, Wang Shu is helping us contact Lianxiang." Zeng Liqing put down his phone, his brows furrowed. "Let's get to IDG for a while."

"After talking here, I will go right away."

Lu Huateng knocked on the table, turned his head to look at the door, only heard a creak, and saw Lei Jun push the door and enter as he wished.

"Long wait, long wait."

Lei Jun greeted them politely, but they were actually unfamiliar.

After the formalities were over, he cut to the chase, "I've heard more or less about Mr. Lu's intentions. I'm sorry, but we're not optimistic about QICQ's prospects."

Lu Huateng said: "This is only temporary, our current number of registered users is about to exceed 100 million..."

"Where is the profit point of QICQ?"

"This……"

Lu Huateng was at a loss for words for a moment, Zeng Liqing hurriedly answered: "We will find it sooner or later, we still need time to explore."

"Fumble? How long?"

Lei Jun pointed out bluntly, "My eyes are dumb, and I can't figure out how you make money. Could it be through advertising? QICQ is just a chat software, not a portal website."

Lu Huateng and Zeng Liqing were completely questioned and fell silent for a moment.

When Lei Jun saw Lu Huateng, he thought of Lu Yun with strange bones, worried that the fuck would come to collect his money, so he politely issued an order to evict him.

"Another failed family."

Lu Huateng hit a wall again, walked out of the Zijin Building in disgrace, took off his glasses, and rubbed his face hard.

"Go back to IDG and see if Wang Shu has any good news."

Zeng Liqing hooked Lu Huateng's shoulders, and the two hooked their shoulders together, comforting each other, with disappointment and hope, they rushed towards COFCO Square.

"It's fine to borrow money, but letting me invest in Penguin is an insult to my IQ!"

The phone rang with a stern voice, and Wang Shu's face was gloomy. If it wasn't for a big state-owned enterprise on the other end, he would have hung up early.

It's like sending someone to someone's door to humiliate and commit a crime!
Just at this time, the Wolong and Phoenix chicks came.

"How about it, what time will we meet at Lianxiang?" Zeng Liqing asked urgently.

"No reply yet."

Wang Shu sighed. IDG mobilized all kinds of contacts to help find new investment, but at this time, QICQ was like a hot potato, which smelled delicious but no one dared to eat it for fear of burning their tongues.

After all, this is a penguin that eats but doesn't lay eggs!

Lu Huateng gritted his teeth, "How about raising the equity of financing to 10%?"

"How can this be done!" Zeng Liqing was shocked.

40% of Penguin’s A round has already been taken away. In addition to the fragmented shares scattered at the time of establishment, only about 55% of the entire team is left. If another 10% is melted down, do you still want to control the company?

Lu Huateng gritted his teeth, "We can also learn from that Feigou.com, the same shares have different rights."

"The problem is that you can't even find anyone who is willing to invest in Penguin, let alone talk about different rights for the same share."

Wang Shu punctured his fantasy, and the office was silent. Three people, six eyes, looked at each other, eyes full of helplessness.

"Feigou.com, Feigou, Lu Fei..."

Suddenly, Wang Shu's eyes lit up, he picked up the phone and called Guo Yihong: "Old Hong, I remember you told me that Lu Fei wanted to ask someone from QICQ, right? Hurry up, he's here now!"

…………

"Oh, well, let them come then."

Lu Fei swiped the mouse and stared at the screen, the Nasdaq Internet US stock market was in a piece of green water, with a few drops of red ink dripping into it.

After 20 minutes, the red ink began to spread, and Lu Huateng and the others also arrived at the Resource Hotel.

He looked at the two of them, and his eyes were more on Lu Huateng, who was dressed as a programmer, "Feigo.com now wants to add a chat tool that allows sellers and buyers to chat online. Whether it is self-built or outsourced, I prefer outsourced."

In fact, it's purely a lie!

Without this set, how can you coax Lu Huateng over, how can you cooperate (suddenly) work (you)?

As soon as Lu Huateng heard about "outsourcing", he immediately thought of small money. If this deal goes through, it may be Penguin's first profitable project, and it will be a long-term cooperation!

Suddenly, the vigilance is lowered.

He and Zeng Liqing bit each other's ears, whispered, and then showed embarrassment on their youthful faces, "Boss Lu, according to your idea, 3 to 30 a year."

"30? American knife?" Lu Fei half-jokingly asked.

"Mr. Lu is really good at joking, of course it is RMB."

Zeng Liqing said: "Mr. Lu, don't think it's expensive, because we need to embed it into Feigou.com, we need to develop another adapted version, and we need to rent a server for the customer chat data..."

"Mr. Lu, Mr. Zeng, how much was the starting capital for the establishment of QICQ?" Lu Fei said with a smile.

"60."

Lu Huateng smiled awkwardly. The money was patchworked together. If it wasn't for his father's relationship later, Li Zekai would never have invested the money.

"QICQ was developed for 60 yuan, why should I rent one for 30 yuan a year?"

Lu Fei spread his hands, "I took out 2 years of outsourcing fees, and I can completely build a QICQ of Feigo.com."

Lu Huateng glanced at Zeng Liqing, who said, "Boss Lu, we are talking about business, we can talk about the price again."

"And we use QICQ, but it will attract customers from Feigo.com to you and increase your traffic, right?"

"Our traffic will also be directed to Feigou.com, and our number of users will soon exceed 100 million..."

Lu Huateng's implication is that our traffic is bigger than yours!

Lu Fei waved his hand. Although the traffic is heavy, it is puffy, and the users are concentrated among teenagers. These days, QQ is only regarded as a fashionable communication toy. The company even strictly prohibits using QQ to chat with fish during working hours, and basically uses Microsoft's MSN.

This is also the fatal injury of QQ not being able to receive advertisements!
How much money can a group of children have?

Lu Huateng's expression changed after the emperor's new clothes were torn apart.

Lu Fei said: "It's better to make one yourself, and the customer's information is also in our hands."

Zeng Liqing sighed, as expected, the cooperation did not come true, QICQ is like a chicken rib, it's a pity to discard it!
But at this moment, Lu Fei leaned forward, and Tu Qiong saw: "Perhaps, there is another one, we will buy it."

"purchase?"

Lu Huateng was taken aback for a moment, then overjoyed, thinking that Lu Fei wanted to invest, but he never expected that the so-called "buy" turned out to be the acquisition of penguins!
Zeng Liqing was immediately tempted to start Penguin, because he wanted to add value and cash out!
At the beginning, the angel round couldn't raise money, so they wanted to sell it, but no one wanted the 200 million yuan, so they had to go all the way to black.

During the A round, Penguin was worth US$550 million, and with 55% of the equity in their hands, they could get US$302.5 million, but now they have 100 million users, so the valuation should be more than US$[-] million, right?
Lu Huateng frowned, Lu Fei's Feigou.com had only raised 500 million dollars, how could he buy it?

You won't make fun of us, will you?

(End of this chapter)