Reborn since 2005

Chapter 643 New Partners

Shiyu Company has now established a foothold in four first-tier cities in China. Although it has not achieved full coverage, the coverage area is also steadily improving.

The reputation is very good and there are many repeat customers.

No competitors worth mentioning have emerged yet.

The platform has more than two million registered users and hundreds of thousands of daily active users.

This is a high-quality user group.

It is already quite large now, so it is not surprising that it has received the attention of capital.

What they came over was an international investment consortium, which also had a lot of investments in the country, including some well-known companies.

In mid-June, someone came to Xiao Shiyu and Yan Xin, wanting to invest in Shiyu.

However, after they understood the general data of Shiyu, the price they offered was unacceptable to them.

Their idea was to gain absolute control and spend 100 million to acquire 70% of the shares of Shiyu Company.

The reason why it is not a wholly-owned acquisition is because I feel that one of the keys to the success of this platform is to have an excellent team and an excellent leader.

If we kick them out and acquire this company, we may not be able to achieve good results.

Give them some shares and let them continue to shine in this company. After a while, after the power transition is completed, you can kick them out or keep them. Anyway, the choice is yours.

One hundred million to get 70% of the shares, this price seems quite sincere.

Because from the establishment of Shiyu Company to the present, Yan Xin has invested only 25 million yuan, followed by a loan of 100 million yuan, which is a loan in the name of the company and is a company liability.

If someone wants to acquire their company, they also have to bear their debts.

If they sold 7000% of the shares according to their wishes, they would have made more than million yuan and still own % of the shares.

Frankly speaking, Xiao Shiyu was a little bit moved when she got the quotation, and even thought that it would be okay to sell all the remaining shares at this price.

That’s 100 million!

If two people have the same shares and the money is divided equally, she can get 5 million, which is a huge sum of money that she has never had.

When her father faced prison, it was just for a few million.

With this amount of money, she can sleep peacefully for the rest of her life.

However, Yan Xin could not accept such an offer.

Now Shiyu Company is doing very well with data and has not yet encountered any competitors. Its operating model is becoming more and more mature. As long as there are enough funds, it will soon be able to expand to all provincial capital cities in the country and further cover all cities in the country. City.

That's a huge market.

At the very least, it’s at the level of hundreds of billions.

He couldn't accept that for such a huge market in the future, people would sell it for only 100 million.

I refused at that time.

The argument given to the other party is that it is acceptable to accept investment from consortiums, but they cannot be accepted to control the company. It will never be accepted.

Control of the company will not be ceded.

Another thing is that this quote is too low.

Although they haven't spent much money yet, the company is not yet profitable and has a debt of 100 million.

However, when investing in something like this, what you buy is the future.

Even if the investment is only 1 million and the future value is 10 billion, then the value of this company is 10 billion, not 1 million.

He has confidence in Shiyu Company and believes that the future food delivery market will be a market worth hundreds of billions.

One hundred million is absolutely unacceptable to him.

In this way, people were rejected.

Xiao Shiyu was tempted at the beginning - because she had never encountered so much money.

But after the initial excitement, I felt that it was not worth selling my future for such a small amount of money.

Yan Xin said that how big the future market of this platform will be is to spread the pie for other investors.

I don’t know if the other party ate it, but she ate the cake herself and it still tasted delicious.

Since there is such great potential in the future, it is even more important to develop and build this platform.

Rather than selling it in such a hurry.

Now the company still has tens of millions of funds in its account, which can be burned for a month or two, so there is no rush.

The fact that a consortium is interested in their company shows that their company has great development potential, so she is even more motivated.

The pace of development has also become faster.

At the end of June, another big company came over and wanted to acquire their company. This time, the price offered was a little higher, but what they were looking for was a wholly-owned acquisition, including their team, and of course their 6 million. debt.

The offered price was 200 million.

However, he was rejected by Yan Xin.

Again, investment can be accepted, but control of the company will not be given away.

This time they were a little unhappy and threatened that if they did not accept the acquisition, they would create a similar company to compete with them.

They are rich and have much larger funds at their disposal than they do.

Moreover, they are already a major Internet company, and their promotion channels have reached an incredible level.

As long as they can copy the operation model of Shiyu Company, with their own resources, they really have the ability to compete with Shiyu Company.

Frankly speaking, Yan Xin had expected such an ending after he knew that the company had come to find him.

They have done this kind of thing not once or twice, forcibly acquiring some companies and crushing some companies to death.

He knew that sooner or later they would come to him, but the fact that he came here now even surprised him a little - what did their investment team do for a living? Why haven't they seen such a huge market with great potential?

Now it's really here.

The emotion in my heart is "What is supposed to come will still come, and you can't escape it no matter how hard you try."

However, he did not accept such threats.

If it doesn't go well in the beginning, forget it. If you can, sell it without losing money.

But now it's off to a good start, and the team led by Xiao Shiyu has proven to be a very good team, and highly educated and high-quality talents continue to join the team.

An excellent team has a forward-looking vision, has accumulated a wealth of experience, and has a lot of contingency plans that have not yet been implemented.

What we are opening up is another emerging market without any competitors.

In this case, how could he give up?

And what about the competition?

If the company was noticed by others when it first started and wanted to compete with them, then it would be really worrying.

That's really hard to fight.

But now that Wuxiao has been developing for such a long time, it has accumulated a considerable number of users and gained a good reputation. If it really wants to compete, it may not be able to compete.

If people want to copy this model, they can't succeed in a day or two. It will take longer to develop a capable team.

The more important point is that such a large market cannot be monopolized by his company alone.

This country will not allow one company to monopolize an industry related to people's livelihood.

Competitors are bound to emerge.

Such a large market can accommodate several companies to exist at the same time.

In this case, there is no need to worry.

Now the companies he invested in also have several online platforms.

Not to mention Starlight Network, it is just a mobile website. Although its traffic remains among the top three mobile website traffic, it has great limitations and its future development is limited.

Apart from Xingguang.com, the live streaming platform they created has the largest traffic, Starlight Live, because there are few competitors. So far, it is the live streaming platform with the highest traffic in China.

The traffic is still far behind those of the top websites. It can become the platform with the highest traffic in the live streaming category mainly because there are only a few platforms in this category now, and you can count them on one hand.

After all, his platform has burned hundreds of millions of funds. In terms of funds, it has crushed its peers and become the live broadcast platform with the highest traffic. It is not surprising.

However, compared with other categories, the popularity is very high. Now this platform has millions of visits every day.

The sales of virtual props are also very hot.

Although I am still losing money, the loss is not as severe, and the funds on hand will be reduced for a long time.

If this platform is built according to Yan Xin's predictions and switches from a computer platform to a mobile platform, its future traffic may not be worse than that of other major Internet companies.

Maybe it's more than that.

It’s hard to say who the Internet hooligans are at that time.

In addition, the registered members of Shiyu’s takeout platform have exceeded three million.

Anye Home Decoration's interior decoration platform has over one million registered members - Feng Xi's Jinxi e-commerce company often advertises on this website, mainly for luxury goods, and the advertising effect is quite good.

Now the traffic of these several platforms combined cannot compare with other major Internet companies, but Yan Xin feels that in five or six years, they will have the ability to compete with each other.

It is of course the best to find a suitable investor for Shiyu Company.

If he really couldn't find it, he would have to find a way to support this platform by himself.

With such a good start, he didn't want to give up.

But in July, the consortium that came to them last time came over again. This time they lowered the conditions and did not seek a controlling stake, as long as they could participate.

The background at this time is that Shiyu Company's business has fully blossomed in the Pearl River Delta and the Yangtze River Delta. Key cities in this region have their business.

And news has spread that a major Internet company is also going to get involved in this industry.

It is said that there is also a major Internet company that is also thinking about entering this industry.

This allowed them to raise their expectations for the takeout market.

At present, Shiyu Company is the best investment target in this market.

At this time, Yan Xindu had already gone to the capital. After hearing the news, he returned to the Magic City and started talking with others.

After several days of negotiations, the consortium finally invested 200 million and obtained 40% of the shares of Shiyu Company.

They injected 200 million into Shiyu Company, not spent 200 million to buy 40% of the company's shares from Yan Xin and Xiao Shiyu.

These two hundred million are the company's funds and can only be used for the company's development, rather than entering Yan Xin and Xiao Shiyu's private wallets.

There is a big difference.

This price immediately raised the valuation of Shiyu Company to 500 million.

In fact, Yan Xin’s initial valuation was one billion, but he didn’t do it.

In the end, the deal was concluded at this price, and both parties made concessions.

On the one hand, it is true that not so much money has been invested, and subsequent development also requires a large amount of money.

On the other hand, this market does have a bright future.

Overall, Yan Xin is quite satisfied with the fact that such an agreement was finally reached.

Not for these 200 million, he is still capable of raising these 200 million.

But with such an international consortium as an important investor, it is equivalent to having a big leg.

Without a strong backing, it is really a big question whether the company can be maintained as it grows in the future.

The Renjia International Consortium has also made a lot of investments in the country, and its various personal connections are quite terrifying, which young men like Cui Zhiren don't have.

Binding this company to such a consortium does not mean that it can do whatever it wants, that is absolutely not possible.

But at least, within the rules, no matter how big it develops, there is no need to worry about not being able to keep it.

Moreover, since they are wealthy, subsequent investment in funds is not that big of a problem.

If people want a loan, there are more ways to do it.

There are many ways to raise funds.

After reaching such an agreement, Xiao Shiyu's confidence suddenly became stronger, and the pace of expansion became faster.

After handling this matter, Yan Xin did not continue to stay in the magic city, but went to the capital to have a honeymoon trip with Feng Xi.

They got the certificate during the National Day last year, and they got married just before the Chinese New Year, and then the Chinese New Year came.

Next, Feng Xi has to go to school and has no time to take a secret moon trip.

It was agreed at that time that we would have a honeymoon trip during the summer vacation.

The destination is not at home, but abroad.

Feng Xi has not been abroad so far, but still wants to see the scenery abroad.

The first place to go is Europe, where Jiang Manyun will be there to receive her - the luxury purchasing company she cooperates with Jinxi E-commerce Company is there. Now she spends most of her time there and is already familiar with it. , is a qualified tour guide.

I will go to the United States later.

There Gu Ru will act as a tour guide for them and accompany them all over the United States.

——After Gu Ru attended the launch ceremony of the TV series in June, she took Shu Yi back to the United States.

Finally, I will go to the island country and Bangzi to have a look. Bai Xiaoling is there now and she can be received.

Then return home.

He was supposed to leave a few days ago, but because of Shiyu's investment, Yan Xin had to go back to the Magic City, which delayed him for a few days.

Now that the investment matter has been settled, of course he can go abroad for his honeymoon with Feng Xi.

(End of this chapter)