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

Chapter 189 The youngest billionaire in the Internet industry! (Ask for a monthly ticket at the end of the month! Thank you)
Zhou Kui is the No. 10 person in Sequoia Huaxia after Shen Nanpeng. If he can’t change his mind, then Zheng Wentong’s idea of ​​starting the A round of financing with a valuation of [-] billion US dollars will be in vain. Cheng Liyuan secretly pinches for Zheng Wentong. sweat.

"Mr. Zhou is right. The number of users cannot represent the valuation. Toutiao now has 5 million users, and it will reach 9 million in September. What is the current valuation of ByteDance? At least it should be 6 billion U.S. dollars , if the number of users can represent the valuation, then Wei Toutiao with 60 million users should have a minimum valuation of 2 billion U.S. dollars." Zheng Wentong joked.

ByteDance will complete the D round of financing in December this year, with a valuation of 12 billion U.S. dollars, sell 110% of the equity, and raise 9 billion U.S. dollars.Zheng Wentong knows that ByteDance has been polishing their short video application, but the trademark Douyin has been applied for by Weike Xinke in advance. He is actually curious about the name of the short video application launched by ByteDance this year?
Zheng Wentong continued to explain, "Now let me explain to you why Weike Xinke is worth 10 billion U.S. dollars now, and what we will use the 2 million U.S. dollars raised in financing for."

“We have many overlaps with ByteDance’s business, but there are also many differences. Byte’s financial business is very slow, and Weikexinke will actively embrace financial business.” Zheng Wentong said.

"On the 15th of this month, Huaxin Microfinance, a subsidiary of the slope system, and Pinduoduo launched Xiaopin in cooperation. This is actually a test of the slope system's financial business."

"We, Weike Xinke, will launch the micro-insurance business on May 5 to provide insurance services for Weitoutiao users. The micro-insurance mall is provided by Huaxin Insurance Brokers Co., Ltd. Users can purchase China Life Insurance and Huafu Life Insurance online. , Cosmopolitan Life Insurance and many other insurance companies, realize online purchase of insurance, online issuance of electronic insurance policies, online claims settlement, and provide one-stop service. Weibao Mall is expected to bring 21 million yuan in revenue to Weike Xinke this year. " Zheng Wentong said.

Weibao Mall actually refers to Shuidibao or Antbao, which are based on Shuidi. Huaxin Insurance Brokers Co., Ltd. sells insurance policies to Weitoutiao users, and Huaxin Insurance Brokers Co., Ltd. settles platform commission fees to Weitoutiao.

Hu Zemin of Moliang Capital sat between Xiong Xiaoge and Zhou Kui, "The industry has always said that Zheng Wentong is a code farmer, but compared to the Internet, I feel that Zheng Wentong understands the financial industry better. Huaxin Microfinance and Pinduoduo cooperated to launch Xiaopin. Xin Insurance Brokers and Wei Toutiao have cooperated to launch the We Insurance Mall, and Wei Toutiao and Wei Yin will soon increase their advertising on loan platforms.”

"Zheng Wentong has a good personal relationship with Mr. Zheng, the retired leader of the insurance system. It's not just a simple relationship with the younger generation in the village. Last time I went to invest in the slope, there was a sign in Zheng Wentong's office that Mr. Zheng gave him, 'Riding the wind and breaking the waves will Sometimes, he hangs on the clouds and sails to help the sea'. There are other leaders in Yanjing who are supporting him, and his financial knowledge should be a famous teacher and a good apprentice." Xiong Xiaoge never expected that Zheng Wentong's financial knowledge actually came from the financial knowledge before his rebirth. Seven or eight years of work experience in the system.

"Starting from the third quarter, our Weitoutiao, Weiyin and Weidu apps will start to place advertisements on loan platforms. Of course, we will screen. We will not accept loan platforms with an annual interest rate exceeding 24%, mainly for limited consumer finance. The loan platform under the company and Internet giants." Zheng Wentong continued.

In this regard, Zheng Wentong still cherishes feathers.After Qiandu's Wei Zedong incident was exposed, the slope department became the only Internet platform that rejected the private hospitals of the Xinghua department.

Zheng Wentong, through the internal reference article of Feng Qingsong, dean of the Law School of the University of Finance and Economics, allowed Internet financial companies to start rectification a few years in advance, strictly abide by the red line of 24% annual interest rate, and abolish yin and yang contracts and beheading interest.How could Zheng Wentong allow those disguised usury online loans to revive on Weitoutiao, Weiyin and Weidu, destroying his hard-earned reputation.

"Here, I want to focus on the revenue of Weikexinke. Since it is not a listed company, this is the first time we have released this information."

“In 2015, our Weike Xinke’s revenue was RMB 5 million, 95% of which came from Wei Toutiao’s advertising revenue, and 5% came from Weidu.”

"As of now, our Weike Xinke's revenue is 10 billion yuan, of which 72% comes from Weitoutiao, 24% comes from Weiyin, and 4% comes from Weidu."

“Everyone may have noticed that the revenue growth potential of the short video app Weiyin is significantly higher than that of Weitoutiao. The number of users of Weiyin is only a quarter of Weitoutiao’s, but it contributes one-third of the revenue.”

“按照我和钟弈棋总监的预估，我们微克信科2016年的收入预计在25亿到30亿之间。差不多可以达到字节跳动40%到50%之间的水平。”郑文桐说。

"At present, Weike Xinke has 1243 employees, of which the R&D department staff account for more than 60%. The monthly loss of Weidu is continuously narrowing. The loss in April was 4 million yuan. Is this figure correct? Yang Ji ?” Zheng Wentong said.

"That's right, Mr. Zheng, we will be profitable after the third quarter." Yang Ji replied.

"The content I introduced above is to show our family background to all investors. Next, I will tell you what we plan to use the 2 million US dollars after financing." Zheng Wentong said.

"The current income of Weike Xinke can cover the expenses, and it is almost self-sufficient. The need for financing is not as urgent as imagined. However, as our competitor, ByteDance is developing very fast, so it is necessary to raise funds early. Shanghai Pudong Development Bank provided us with a revolving credit line of RMB 10 billion for Weike Xinke, but unless it is absolutely necessary, I am not willing to use bank loans, and Mr. Xiong knows my character." Zheng Wentong said.

"The US$2 million raised from the financing is mainly used for three parts of expenditure. Weike Xinke will invest 5 million yuan to support short video creators to create better videos, and we will hatch more Li Ziqi."

"I believe you all know that Li Ziqi's snail powder has been listed recently, and there is also an investment representative from Ali here. Let me reveal a little here, the sales volume of Li Ziqi's brand of snail powder in half a month has exceeded one million. 4000 million in revenue." Zheng Wentong's words were still unfinished, after all, he didn't elaborate on how to hatch more Li Ziqi, and he didn't elaborate on when Weiyin would get involved in the e-commerce business.

Zhong Yiqi looked at Zheng Wentong on the stage. He agreed with Zheng Wentong's idea of ​​All in short video application. Since ByteDance has not launched their short video application, they should invest money in it first to preempt the market and form an advantage in the number of users. In order to offset the advantages of the ByteDance algorithm.

The number of users of Toutiao is more than twice that of Weitoutiao. Even if Zheng Wentong invests 5 million yuan in this year's Spring Miao Project, the effect may not be good.It is better to invest 5 million yuan in the short video application Weiyin, which can attract more self-media experts to enter Weiyin, create more excellent original content, thereby retaining users, and in turn can drive new users to register on Weiyin. sound.

This is like building a building, adding a second floor to a two-story building, which is obviously not as conspicuous as building another one-story building next to it.

"In the second step, Weike Xinke will buy a third-party payment license in the second half of the year, which is expected to cost about 2 million yuan. With the third-party payment license, Wei Toutiao can better carry out financial business." Zheng Wentong I didn't specify which financial business will be carried out, after all, I know everything.

"In the third step, Weike Xinke will invest more funds in recruiting talents and expanding diversified sources of income, such as adapting popular novels on Weidu into animation or games. Weike Xinke will set up a separate game department for Research and develop instant-play mini-games. We will also increase the recruitment ratio of overseas talents, and plan to spend one to two years developing an algorithmic engine.” Zheng Wentong said.

Xiong Xiaoge and Zhou Kui in the audience listened carefully to Zheng Wentong's explanation, and agreed with Zheng Wentong's plan to use all the 2 million US dollars raised in financing for the development of Weike Xinke.After many entrepreneurs cheated investors of their money, they used it to buy luxury houses, luxury cars, and misappropriated land for other purposes.

Xiong Xiaoge is actually looking forward to Zheng Wentong's in-depth explanation of Weiyin's possible e-commerce business, after all, this one is more imaginative.Weimeng Media, a subsidiary of Slope Investment, has a monthly income of no less than 2 million yuan based on the business of live streaming and delivery of goods.

If Weiyin develops e-commerce business, there will definitely be a lot to do, but Zheng Wentong may be hindered by the presence of Ari’s investment representative, so he didn’t explain this in depth. Xiong Xiaoge and Zhou Kui also expressed their understanding.

After Zheng Wentong's introduction, most investors expressed certain conditions for Weike Xinke's valuation of US$10 billion.Finally, IDG Capital, Ali, Moliang Capital, Puhai State Investment and Price Investment participated in the A-round financing of Weike Xinke.

IDG Capital invested 8000 million US dollars, Ali contributed 8000 million US dollars, Moliang Capital contributed 1000 million US dollars, and Puhai International Investment and Pusi Investment contributed 500 million US dollars each.

After the financing is completed, the shareholding composition of Weikexinke is Zheng Wentong holding 80%, IDG Capital holding 8%, Ali holding 8%, Moliang Capital holding 1%, Puhai International Investment and Pusi Capital holding respectively 0.5%.
Zheng Wentong's stake in Weike Xinke is valued at US$8 million, equivalent to RMB 52 billion.Zheng Wentong set up a 3% option pool for the management headed by Wang Zhiliang and Zhong Yiqi, which will be gradually cashed out according to the listing progress of Weike Xinke.

On May 5th, Sina Finance published news: It is reported that Weike Xinke, the parent company of Wei Toutiao, completed the A round of financing, led by IDG Capital and Ali. Another unicorn company.

Founded only one year ago, Weike Xinke has continuously created a variety of applications such as Weitoutiao, Weidu and Weiyin.What is amazing is that Zheng Wentong, the founder of Weike Xinke, is a post-90s generation. He has been involved in industries such as the Internet, film and television, investment, finance, insurance, commercial real estate, and MCN with great energy. He has been established for less than two years. The investment has built a business empire with annual income of billions and assets of over tens of billions.

I believe that by April next year, Zheng Wentong will not only appear in the Forbes Elite Edition, but will appear in the Forbes Rich List.Judging from the shareholding of the slope system, Zheng Wentong's personal shares have a market value of over 4 billion. Maybe Zheng Wentong is the youngest billionaire in the Internet industry?
As soon as this report by Sina Finance came out, Phoenix Finance, Penguin Finance and other financial media reprinted the report under the title "The Youngest Internet Billionaire", and Zheng Wentong immediately fell into the center of the vortex of public opinion.
　Chapter 188, the male protagonist becomes the youngest billionaire in the Internet industry, and business people really need a good fortune, which is very auspicious!

　　
　
(End of this chapter)