I Won a Prize of 100 Million at the Beginning, and I Became a Capital Boss

Chapter 138 Invest in Pinduoduo!
After attending Liu Shishi's wedding, Zheng Wentong and his girlfriend spent two days in Bali before flying back to Puhai.

On January 1, Weiyin officially announced Liu Shishi as the first spokesperson, and released the official promotional slogan: "Weiyin, record a beautiful life".

The wonderful moments of Liu Shishi and Wu Qilong's wedding have been uploaded to Weiyin one after another, and there has always been a high popularity on Weiyin.

Many people deliberately download Weiyin to watch the romantic scene of "Fourth Master" kneeling and proposing to "Ruoxi". Wu Qilong's "I will be obedient" has touched the hearts of many female users.

The aunt made a special call to Zheng Wentong and asked him why he didn't come back for a drink. Did he have a bad fight with Yang Jianwu?

If Yang Jianwu and his wife do something wrong in their work, you, the boss, should criticize it, and don't take it lightly for her sake.

My aunt gave the example of my uncle being the village party secretary. The village had to raise funds to build roads, and my aunt had to work like other villagers. Otherwise, my uncle would not be able to command the whole village because he could not convince the people.

Zheng Wentong said nothing. Yang Jianwu and his wife have done a good job in Weimeng Media, and Xiao Yang’s sister-in-law’s live broadcast is also doing well. Weimeng Media will hold the annual meeting on February 2, and wait until after the annual meeting. Give Yang Jianwu and the others a wedding leave.

The aunt felt regretful, "I thought you could come back with Xiaolu to attend Jianwu's wedding. Say hello to Xiaolu for me."

Bai Xiaolu didn't understand, "Why don't you explain to Auntie that you actually don't want Xiao Yang to be an e-commerce anchor?"

"What did you say? Let my aunt persuade Xiao Yang to give up being an e-commerce anchor? How unpleasant is it for a newly married mother-in-law and daughter-in-law to quarrel? Maybe others will say that aunt is a wicked mother-in-law, let's talk about it."

"By the way, Liang Hui and Chen Dong's contact with Pinduoduo is still very effective. When the investment case of Pinduoduo is finalized, you can end your internship!" Zheng Wentong said.

Bai Xiaolu was a little bit reluctant, "Teacher Liang has indeed taught me a lot here, and she still has a lot of dry goods in her belly. No wonder she is an EMBA lecturer in various universities."

Zheng Wentong guessed in his heart, "Mr. Liang may want to resign, so I want to form a good relationship with you and leave a good impression on me."

"Ah? How come? Isn't she doing well in the company?" Bai Xiaolu was surprised.

"I'm just guessing. We'll see when Pinduoduo's investment case is over," Zheng Wentong replied.

On February 2, Zheng Wentong and his party visited Pinduoduo Network Technology Co., Ltd. Zheng Wentong also met Huang Zheng for the first time.

Huang Zheng took the initiative to shake hands, "It's rare to see founders of Internet companies younger than me, and Mr. Zheng's two Internet companies are doing very well."

"E-commerce is an area that Penguin dare not challenge Ali. So far, only JD.com has survived. Although Mr. Huang's Pinduoduo seems to be small in scale, it has great potential."

Huang Zheng is similar to Zheng Wentong, both of them have absolute control over the company under their name. When Pinduoduo was listed on the US stock market in 18, Huang Zheng still held more than half of the shares.

Penguin is the second largest shareholder, Gaorong Capital is the third largest shareholder, and Sequoia Huaxia is the fourth largest shareholder.

If it were not for the involvement of Slope Investment, Gaorong Capital, IDG Capital and Hu Zeming would have participated in Pinduoduo’s A round of financing. Hu Zeming is the CFO of NetDragon, and he has a close relationship with IDG Capital.

"I have also seen pictures and videos of Liu Shishi's wedding in the past few days. Mr. Zheng is indeed a marketing genius, never lacking in topicality, very similar to Ari and the founders of JD.com."

Zheng Wentong didn't agree with it in his heart. Compared with them, Zheng Wentong was more cautious in doing things, and he would rather not do things that he was not sure about.

He also doesn't like to be interviewed, let alone do stupid things like bombarding banks as pawnshops.Zheng Wentong is not a fan of the Timberwolves, let alone wandering around Minnesota.

"Now is no longer the era of big marketing in the 90s. The golden age when advertising was king has passed. Now we need to subvert the original e-commerce landscape through new business models."

"I have carefully studied Pinhaohuo and Pinduoduo. The social e-commerce model is expected to capture a group of price-sensitive users." Zheng Wentong said to Huang Zheng.

"Actually, when Slope Investment first contacted us, we were indeed not short of money. There were many investment institutions queuing up outside to help us raise funds."

After all, Huang Zheng is starting a business for the second time, and he has the support of Duan Yongping and Ding Sanshi and other big bosses behind him. At this moment, he pays more attention to the resources behind him than the funds for financing.

"However, although Mr. Zheng's universal WIFI was created later than the master key, it was a latecomer and occupied more market share. After New Year's Day 15, it also obtained a security certification app issued by the Ministry of Industry and Information Technology. The master key of the same application was not selected. Mr. Zheng has a lot of energy!" Huang Zheng pointed out.

"Oh? Mr. Huang may not know the inside story. Unlike other shared WIFI software on the market, our universal WIFI never cracks the home network, and does not display the WIFI password in plain text through WIFI hotspot resource sharing. At the time of the selection by the Ministry of Industry and Information Technology, the universal WIFI The security standard is indeed a level higher than that of master keys and WIFI companion apps.”

"And we have actively closed the sensitive data access, storage, display, prohibited malicious transmission and automatic fee deductions. Try to use the minimum user permissions to provide the greatest convenience. Just like Pinduoduo, use The best price, the best quality products." Zheng Wentong said.

Sitting behind her boyfriend, Bai Xiaolu listened to the exchange of words between Zheng Wentong and Huang Zheng. She could already hear the subtext of the two, and she felt that she had indeed grown rapidly.

Huang Zheng smiled, "People in our country always say that cheap goods are not good, but I don't agree with them, so I created Pinhaohuo to help the sales of agricultural products. This is similar to Wei Toutiao's spring seedling plan, and we pay attention to it. The rural market wants to take the road of encircling the city from the countryside.”

"I have noticed that Toutiao also puts advertisements on universal WIFI to develop users. Both Weitoutiao and Toutiao are information platforms with a high degree of content overlap. Why didn't Mr. Zheng think about reducing the advertising of Toutiao? Scale?" Huang Zheng joked with Zheng Wentong.

"In addition to today's headlines, Kuaishou has also placed a lot of advertisements on Universal WIFI. Now we, Weike Xinke, have also launched our own short video application Weiyin. Compared with Kuaishou, the industry of Internet companies is easy to overlap. Everyone still needs to be in business. Speech business, who would have trouble with advertisers?" Zheng Wentong didn't care.

"However, Toutiao and Kuaishou have increased their advertising investment on the universal key and reduced the advertising cost of universal WIFI. Maybe they are worried about my card?" Zheng Wentong said.

Zheng Wentong has already considered it. When Slope Investment negotiates the investment case of Pinduoduo, he will start to promote the merger of Master WIFI and Master Key, release the majority of shares, and cash out.

"Pinduoduo has been advertising on Universal WIFI since January, and the effect is really good. It has attracted many new users to our APP."

"Zheng Zong's Spring Sprout Project on Wei Toutiao will also attract more users from third- and fourth-tier cities to register and join Wei Toutiao. Compared with Wei Toutiao, I value the development prospects of Wei Yin more. Independent from Wei Toutiao, if Wei Yin plans to raise funds, please contact me, Teacher Duan Yongping and I are very interested." Huang Zheng also expressed his true thoughts.

This is indeed the case. Zheng Wentong has four Internet applications in his hand, Universal WIFI, Wei Toutiao, Weiyin and Weidu.

The number of universal WIFI users exceeds 3 million, Weitoutiao users exceed 1 million, Weiyin and Weidu have tens of millions of users, and these users can be converted into Pinduoduo users.

Users in third- and fourth-tier cities are more sensitive to prices, and relatively speaking, they prefer small and cheap products.

Universal WIFI can provide free network and reduce mobile phone traffic, so it is more popular in third- and fourth-tier small cities, and almost every young person has a mobile phone.

Weitoutiao’s Spring Sprouts Program supports 2000 rural talents from all over the country. With a guaranteed income of 12 yuan a year, more rural talents from third- and fourth-tier cities will be attracted to register on Weitoutiao and publish more original articles.

Weidu is a free reading software, which is different from paid websites such as Somedian, Lujiang, and Tianxia.

Huang Zheng also noticed that videos such as fishing, dating, fruit picking, and herding began to appear on Weiyin. These videos are also closely related to agriculture, rural areas and farmers.

Since Pinduoduo intends to make efforts to sink the market and develop new users in third- and fourth-tier cities, slope investment is obviously the best partner.

And the most important thing is that Slope Investment is different from the two giants Ahri and Penguin, and will not seek control of the company.

Huang Zheng noticed that if Weiyin develops, it may also open up e-commerce channels to monetize the traffic, but it will take at least two or three years.In two years, maybe Pinduoduo will be listed, and Huang Zheng feels that there is no need for him to worry.

Huang Zheng and Zheng Wentong negotiated the A round of financing on the same day. Slope Investment invested 990 million US dollars to buy a 9.9% stake in Pinduoduo. Zheng Wentong’s family office contributed 10 US dollars, accounting for 0.1% of the shares. Pinduoduo’s A round valuation is 1 million US dollars. .

Zheng Wentong promised to at least follow up Pinduoduo's D round of financing, and Zheng Wentong will only use the name of his family office to invest in follow-up investment.

When you invest in a company, it’s not that you can hold such a high proportion of shares all the time after the money is paid out. When the company’s valuation rises further, you either sell some of the old shares, or invest in them and add more funds, otherwise you will lose the A round of financing. Shares will continue to be diluted later.

Of course, if Pinduoduo wants to go public, it still needs to set up an offshore company overseas and adopt the VIE structure.At that time, Zheng Wentong's family office will buy 9.9% of the shares held by Slope Investment, and Zheng Wentong's family office will hold 10% of Pinduoduo's shares.

Pinduoduo was listed in July 18, leaving plenty of time for Zheng Wentong. After all, Ethereum and Bitcoin have been on the rise since August 7.

Pinduoduo's peak market value is 2000 billion US dollars, so the equity held by Zheng Wentong's family office will be worth 200 billion US dollars. This part of the wealth alone has made him one of the top ten richest Chinese.

(End of this chapter)