my fintech empire.
Chapter 289 [Weibo is spun off and listed on the backdoor]
That night, Dongbai Supermarket issued the "Announcement on the Progress of Suspension of Trading in Planning for Reorganization and Listing and Related Transactions". The company will officially suspend trading tomorrow and resume trading on Monday, October 10.
Good guy!
Is it really going to reunite with Yonghui now?
The owner of Dongbai Supermarket was excited, and the seller had his thigh broken and died before dawn with great pain.
However, today’s crazy buying of more than 1.4 million by institutions has also been questioned by many stockholders as “insider funds”, and those who entered the market were too timely.
But more is the chest-beating after the sale. Shareholders never thought that Dongbai would really reorganize. The market will open on Monday, October 10th. Go to the rhythm.
……
The following day, Wednesday, May 9.
On the last trading day before the festival, Big A did not continue to hit a new low, but stopped falling and rebounded. It once rose by more than 1.77% and recovered the 2800 point mark, but it fell again within a few minutes, and finally closed at 2779.43 points , closed up 0.90%, and the big a ended the market in September with a red income.
Fang Hong has already pushed his position to the ninth floor, holding a heavy position in the stock for the festival.
The time has entered the small long holiday in October. On October 10th, Quantum Jump issued an announcement that its Weibo platform has exceeded the 5 million user mark.
……
Quantum Jump headquarters.
"The number of users has finally broken through the 1 million threshold. In retrospect, it is incredible. The number of Weibo users has exceeded [-] million in one year!" In the office, Xu Jingren said with emotion.
The Weibo platform under Quantum Beat was launched around October last year.
At this moment, Fang Hong has also come to Quantum Jump headquarters. The chief strategy officer of his company basically doesn't care about his status, and even rarely comes to the company. Xu Jingren and the others don't care about the boss being the shopkeeper. can function normally.
"Oh, by the way, the company has recently successfully reached an in-depth cooperation agreement with the 3G portal to integrate news information, Weibo products, clients, mobile search and other fields. The two parties officially jointly operate the 3G portal Weibo." Xu Jingren immediately talked about this matter.
Founded in 3, 2004g Portal has more than 70 content channels including bookstore, sports, news, entertainment, finance and so on. It is currently the largest mobile Internet portal in China.
Obviously, Xu Jingren's team has already started to work on the mobile Internet, which is also on the plan list.
Fang Hong is quite satisfied with the development of Quantum Beat. Although he does not come to this company once in ten days and a half months, Qunxing Capital keeps track of the data, and his assistant Tian Jiayi will give him daily reports every day.
Not coming to Quantum Beat in person does not mean not understanding the company's operations.
After a while, Xu Jingren said: "In addition, the Weibo platform will launch a Q-version Weibo internal test at the end of the year, mainly to attract the 'post-[-]s' young user group by comparing the cartoon-style interface and user operation methods."
Fang Hong nodded, and immediately said: "The company can proceed according to the established plan, and the client side must be done well. Another important thing is the backdoor listing of Quantum Jump and its listing on the A-share market."
Hearing this, Xu Jingren was stunned and said, "What? So fast? We just completed the A round of financing, and the company currently has ample funds in its account."
In the last round of financing, Quantum Beat took 5 million yuan from Qunxing Capital, and it has only spent more than 1 million yuan so far. According to Xu Jingren, the company has no financing needs in the next six months.
Fang Hong said in an orderly manner: "Backdoor listing is not that easy. It would be very good to be able to successfully backdoor A-share listing before the beginning of 2011, so you have to prepare in advance. A-share listing is much more troublesome than listing in the United States."
It is almost impossible for domestic Internet companies to list on the A-share market, because Internet companies are very short of money in the early stage but cannot make profits. If they make profits, they will die soon. Realization means a sharp drop in competitiveness.
Because of this, in order to seek development funds, domestic Internet companies may not be able to go up to A-shares just by queuing for one or two years. For the Internet industry, one or two years is enough to determine the life and death of a company. The day lily was cold when the money was raised, so it could only be listed in the United States.
Quantum Beat is actually not short of money, because it is supported by Qunxing Capital’s father behind it. From this perspective, it doesn’t matter whether it goes public or not.
However, Qunxing Capital needs its subsidiaries to go public to increase its credit. The listing is not for the development of Quantum Beat itself, but for the needs of the parent company.
At this time, Xu Jingren worried: "But boss, the company adopts the ab system. To be listed on the domestic stock market means that the company has to be restructured. Now Qunxing Capital is the largest shareholder. If we restructure, we will lose control. One-handed defense."
Hearing this, Fang Hong smiled in his heart. It seems that the merger and acquisition of Hengtong Pharmaceutical Group still has a big impact on Xu Jingren, but it is not broken.
Fang Hong immediately smiled and said, "Who said I'm going to make Quantum Beat go public?"
Xu Jingren couldn't help but said in a daze, "Then...?"
Fang Hong said calmly: "Quantum Jump will not be listed, but Weibo will be spun off and reorganized into a subsidiary of Quantum Jump Holdings. Isn't it enough to let this subsidiary go public?"
As soon as these words came out, Xu Jingren came to his senses and nodded suddenly: "So that's the case, then it's all right."
Quantum Beat became the parent company, and it spun off Weibo to go public on the backdoor of Big A. This is Fang Hong's strategy. Let Quantum Beat go public at this time?He is not that stupid, because the real heavyweight product "WeChat" has not yet come out.
Listing at this time means that the cabbage price has given up the equity.
For the product WeChat, Fang Hong still intends to let Quantum Beat do it. After WeChat is launched, the future valuation of this product will start at 5000 billion social overlord software, and Quantum Beat will be listed on the market. It will be sold at the current valuation Equity, then the blood loss will go to grandma's house.
Naturally, Fang Hong would not engage in this kind of business. If Quantum Jump was listed, it would not include WeChat, but if Weibo was spun off and listed separately, then there would be no problem.
When the time comes to connect with the capital of other follow-up cars, it will also take the equity of Weibo’s subsidiary. WeChat has nothing to do with them, unless it directly raises funds from the parent company Quantum Beat.
However, at present, the most valuable thing in the entire quantum jump is the Weibo product. Separating it out is equivalent to stripping out the most valuable asset of quantum jump, and quantum jump is worthless. There is nothing to say about the financing of the Weibo subsidiary.
At the end, Xu Jingren asked: "When will the spin-off be split?"
Fang Hong thought for a while and replied: "In terms of specifics, you can do it at your own discretion. It is enough to complete the spin-off and reorganization before the end of this year. At that time, I will attract a group of investors to refinance. After these investors come in, they will sign contracts with them. agreement of persons acting in concert."
Xu Jingren nodded involuntarily: "No problem, I will leave the capital market to you."
After pausing for a moment, Fang Hong added: "However, before the spin-off and reorganization, Qunxing Capital will take another equity share of Quantum Beat."
Hearing this, Xu Jingren didn't quite understand, and immediately said: "The stars still need to raise funds? But the company is not short of money now, and the money from the A round of financing has not been spent yet."
Fang Hongdan said firmly: "That's because Qunxing Capital has included Quantum Jump in their strategic key projects, so they asked to increase the company's shareholding ratio. Reach the closest alliance with Qunxing Capital, the two sides are tied to the same chariot, and everyone’s interests are common and consistent.”
Xu Jingren couldn't help but said, "Is there any pitfall here?"
Fang Hong said with a smile: "Don't panic, Quantum Jump is not Hengtong Pharmaceutical Group, and there is no loophole in the control of the ab stock system. Qunxing Capital seeks more equity to make Quantum Jump bigger and stronger, bigger and stronger. A lot of money comes in to bear the greatest risk, and it is fair to take the largest proportion of the cake.”
After Xu Jingren thought about it carefully, there was really nothing wrong with it, and Qunxing Capital basically didn't care about it or even seldom asked about it after investing money. Apart from checking the company's finances and knowing the specific flow of each company's funds, he had never had any experience with the actual operation of the company. Intervened, at least not so far.
Such an investor is indeed the most comfortable cooperation as an entrepreneur.
What's more, the boss's girlfriend, his future father-in-law's family has a great relationship with Qunxing Capital, Xu Jingren was relieved when he thought of this relationship, not to mention that the entrepreneurial team also has a veto right in their hands, and it still has different rights for the same share under the ab share system , Don’t worry about the control of Quantum Beat being taken away by Qunxing Capital.
At the end, Xu Jingren turned to Fang Hong and asked, "How much equity does Qunxing Capital want this time? How much money will it raise?"
……
Good guy!
Is it really going to reunite with Yonghui now?
The owner of Dongbai Supermarket was excited, and the seller had his thigh broken and died before dawn with great pain.
However, today’s crazy buying of more than 1.4 million by institutions has also been questioned by many stockholders as “insider funds”, and those who entered the market were too timely.
But more is the chest-beating after the sale. Shareholders never thought that Dongbai would really reorganize. The market will open on Monday, October 10th. Go to the rhythm.
……
The following day, Wednesday, May 9.
On the last trading day before the festival, Big A did not continue to hit a new low, but stopped falling and rebounded. It once rose by more than 1.77% and recovered the 2800 point mark, but it fell again within a few minutes, and finally closed at 2779.43 points , closed up 0.90%, and the big a ended the market in September with a red income.
Fang Hong has already pushed his position to the ninth floor, holding a heavy position in the stock for the festival.
The time has entered the small long holiday in October. On October 10th, Quantum Jump issued an announcement that its Weibo platform has exceeded the 5 million user mark.
……
Quantum Jump headquarters.
"The number of users has finally broken through the 1 million threshold. In retrospect, it is incredible. The number of Weibo users has exceeded [-] million in one year!" In the office, Xu Jingren said with emotion.
The Weibo platform under Quantum Beat was launched around October last year.
At this moment, Fang Hong has also come to Quantum Jump headquarters. The chief strategy officer of his company basically doesn't care about his status, and even rarely comes to the company. Xu Jingren and the others don't care about the boss being the shopkeeper. can function normally.
"Oh, by the way, the company has recently successfully reached an in-depth cooperation agreement with the 3G portal to integrate news information, Weibo products, clients, mobile search and other fields. The two parties officially jointly operate the 3G portal Weibo." Xu Jingren immediately talked about this matter.
Founded in 3, 2004g Portal has more than 70 content channels including bookstore, sports, news, entertainment, finance and so on. It is currently the largest mobile Internet portal in China.
Obviously, Xu Jingren's team has already started to work on the mobile Internet, which is also on the plan list.
Fang Hong is quite satisfied with the development of Quantum Beat. Although he does not come to this company once in ten days and a half months, Qunxing Capital keeps track of the data, and his assistant Tian Jiayi will give him daily reports every day.
Not coming to Quantum Beat in person does not mean not understanding the company's operations.
After a while, Xu Jingren said: "In addition, the Weibo platform will launch a Q-version Weibo internal test at the end of the year, mainly to attract the 'post-[-]s' young user group by comparing the cartoon-style interface and user operation methods."
Fang Hong nodded, and immediately said: "The company can proceed according to the established plan, and the client side must be done well. Another important thing is the backdoor listing of Quantum Jump and its listing on the A-share market."
Hearing this, Xu Jingren was stunned and said, "What? So fast? We just completed the A round of financing, and the company currently has ample funds in its account."
In the last round of financing, Quantum Beat took 5 million yuan from Qunxing Capital, and it has only spent more than 1 million yuan so far. According to Xu Jingren, the company has no financing needs in the next six months.
Fang Hong said in an orderly manner: "Backdoor listing is not that easy. It would be very good to be able to successfully backdoor A-share listing before the beginning of 2011, so you have to prepare in advance. A-share listing is much more troublesome than listing in the United States."
It is almost impossible for domestic Internet companies to list on the A-share market, because Internet companies are very short of money in the early stage but cannot make profits. If they make profits, they will die soon. Realization means a sharp drop in competitiveness.
Because of this, in order to seek development funds, domestic Internet companies may not be able to go up to A-shares just by queuing for one or two years. For the Internet industry, one or two years is enough to determine the life and death of a company. The day lily was cold when the money was raised, so it could only be listed in the United States.
Quantum Beat is actually not short of money, because it is supported by Qunxing Capital’s father behind it. From this perspective, it doesn’t matter whether it goes public or not.
However, Qunxing Capital needs its subsidiaries to go public to increase its credit. The listing is not for the development of Quantum Beat itself, but for the needs of the parent company.
At this time, Xu Jingren worried: "But boss, the company adopts the ab system. To be listed on the domestic stock market means that the company has to be restructured. Now Qunxing Capital is the largest shareholder. If we restructure, we will lose control. One-handed defense."
Hearing this, Fang Hong smiled in his heart. It seems that the merger and acquisition of Hengtong Pharmaceutical Group still has a big impact on Xu Jingren, but it is not broken.
Fang Hong immediately smiled and said, "Who said I'm going to make Quantum Beat go public?"
Xu Jingren couldn't help but said in a daze, "Then...?"
Fang Hong said calmly: "Quantum Jump will not be listed, but Weibo will be spun off and reorganized into a subsidiary of Quantum Jump Holdings. Isn't it enough to let this subsidiary go public?"
As soon as these words came out, Xu Jingren came to his senses and nodded suddenly: "So that's the case, then it's all right."
Quantum Beat became the parent company, and it spun off Weibo to go public on the backdoor of Big A. This is Fang Hong's strategy. Let Quantum Beat go public at this time?He is not that stupid, because the real heavyweight product "WeChat" has not yet come out.
Listing at this time means that the cabbage price has given up the equity.
For the product WeChat, Fang Hong still intends to let Quantum Beat do it. After WeChat is launched, the future valuation of this product will start at 5000 billion social overlord software, and Quantum Beat will be listed on the market. It will be sold at the current valuation Equity, then the blood loss will go to grandma's house.
Naturally, Fang Hong would not engage in this kind of business. If Quantum Jump was listed, it would not include WeChat, but if Weibo was spun off and listed separately, then there would be no problem.
When the time comes to connect with the capital of other follow-up cars, it will also take the equity of Weibo’s subsidiary. WeChat has nothing to do with them, unless it directly raises funds from the parent company Quantum Beat.
However, at present, the most valuable thing in the entire quantum jump is the Weibo product. Separating it out is equivalent to stripping out the most valuable asset of quantum jump, and quantum jump is worthless. There is nothing to say about the financing of the Weibo subsidiary.
At the end, Xu Jingren asked: "When will the spin-off be split?"
Fang Hong thought for a while and replied: "In terms of specifics, you can do it at your own discretion. It is enough to complete the spin-off and reorganization before the end of this year. At that time, I will attract a group of investors to refinance. After these investors come in, they will sign contracts with them. agreement of persons acting in concert."
Xu Jingren nodded involuntarily: "No problem, I will leave the capital market to you."
After pausing for a moment, Fang Hong added: "However, before the spin-off and reorganization, Qunxing Capital will take another equity share of Quantum Beat."
Hearing this, Xu Jingren didn't quite understand, and immediately said: "The stars still need to raise funds? But the company is not short of money now, and the money from the A round of financing has not been spent yet."
Fang Hongdan said firmly: "That's because Qunxing Capital has included Quantum Jump in their strategic key projects, so they asked to increase the company's shareholding ratio. Reach the closest alliance with Qunxing Capital, the two sides are tied to the same chariot, and everyone’s interests are common and consistent.”
Xu Jingren couldn't help but said, "Is there any pitfall here?"
Fang Hong said with a smile: "Don't panic, Quantum Jump is not Hengtong Pharmaceutical Group, and there is no loophole in the control of the ab stock system. Qunxing Capital seeks more equity to make Quantum Jump bigger and stronger, bigger and stronger. A lot of money comes in to bear the greatest risk, and it is fair to take the largest proportion of the cake.”
After Xu Jingren thought about it carefully, there was really nothing wrong with it, and Qunxing Capital basically didn't care about it or even seldom asked about it after investing money. Apart from checking the company's finances and knowing the specific flow of each company's funds, he had never had any experience with the actual operation of the company. Intervened, at least not so far.
Such an investor is indeed the most comfortable cooperation as an entrepreneur.
What's more, the boss's girlfriend, his future father-in-law's family has a great relationship with Qunxing Capital, Xu Jingren was relieved when he thought of this relationship, not to mention that the entrepreneurial team also has a veto right in their hands, and it still has different rights for the same share under the ab share system , Don’t worry about the control of Quantum Beat being taken away by Qunxing Capital.
At the end, Xu Jingren turned to Fang Hong and asked, "How much equity does Qunxing Capital want this time? How much money will it raise?"
……
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