Rebirth: Starting from the Cafeteria

Afterwards, Pang Weidong went to Yin Qiang to negotiate in person.

Although Yin Qiang has more power, Pang Weidong is no pushover and he doesn't dare to go too far.

He agreed to buy the three KTV halls of Yuedong Entertainment, but the price was a bit hard for him to accept.

After a week of hard bargaining, the two sides finally reached an agreement.

Both parties were quite satisfied with the result. [Yuedong Entertainment] recovered a large sum of funds, and Yin Qiang also got his own cash cow.

Originally, Yin Qiang also wanted the buffet restaurant near these three karaoke bars, but was sternly rejected by Pang Weidong.

Pang Weidong was ready to turn hostile on the spot, but Yin Qiang had to give up when he saw that the other party was determined. To be honest, he knew very well that if he pushed the other party too far and the other party gave him tens of millions, he would also be in big trouble.

Doing business is not about fighting. Once you've gotten on board, you can't think of getting burned together with your partner.

"Boss Du, that's the way it is. Anyway, the other party can't use our brand, so they can do whatever they want."

The recovered funds were directly distributed to the shareholders after deducting taxes.

Even if some shareholders were somewhat dissatisfied before, their resentment has dissipated now that they have received real money.

Of course, this incident also had side effects. The concession of [Yuedong Entertainment] also made some people eager to make a move, but since their strength was not as good as Yin Qiang, they did not take action immediately.

Yin Qiang took the opportunity to find Pang Weidong and again proposed to acquire the buffet restaurants that were attached to the three karaoke bars.

"Then let's sell it. To put it bluntly, it may not be a good thing if the buffet restaurant falls into the hands of the other party."

After careful consideration, Du Shaojie decided to sell the three buffet restaurants.

Pang Weidong and Xu Bo were not angry. After all, the other party had absolute say in the matter of the buffet restaurant.

Later, these three restaurants were sold for a good price and were acquired by Yin Qiang.

this day.

Du Shaojie, Pang Weidong and Xu Bo gathered in Yangcheng to discuss some future matters.

"Ajie, we have sold three KTVs and buffet restaurants one after another. The future situation is not good. I made some harsh remarks outside to stop some people from thinking about this, but this is not a long-term solution after all."

Pang Weidong seemed worried. Once this door was opened, the road ahead would be difficult.

In the past few years, he and Xu Bo had been living a carefree life, with large sums of cash coming in every day. But now, many people have set their eyes on this cash cow, and he is under a lot of pressure.

"Boss Du, some of your previous ideas are very good, how about we start taking action?"

Xu Bo began to think about quitting. He estimated that the KTV business would only be stable for a year or two at most, and he might run into trouble again.

He remembered the information Du Shaojie had given him before. He was unsure about many forward-looking things, so he took this opportunity to ask the other party.

"Don't worry about the karaoke bar. We can handle it in at least one or two years. I do have a project. I plan to invest in an Internet company. What do you two think?"

"What else is there to say? Let's talk now. Apo and I trust you. We'll do whatever you say."

Pang Weidong pressed the cigarette butt in his hand into the ashtray and expressed his position first.

Xu Bo had no objection and was just waiting for Du Shaojie to explain things clearly.

"This company is in Yangcheng. I have already made an appointment with Mr. Ding from the other company. Let's have dinner together tonight."

NTES is the abbreviation of the company's future listing. As an Internet company that is one of the three major portals in China, NTES has not had an easy time in recent years.

The company is wholeheartedly seeking to be listed on the NASDAQ stock exchange in North America, but due to numerous difficulties, it has not yet been able to achieve its goal.

The biggest problem with NTES is that there is no prospect of profitability. No matter how much it hypes itself up, the company does not make money and its monetization capabilities are very poor. There is no hope for it to be listed in China.

Mr. Ding of the company approached Huaxin Investment and Dingxin International, but was turned down. Finally, he found Du Shaojie through Ye Weiming's relationship. Du Shaojie ignored him for a while before agreeing to have dinner with him.

Let’s talk about financing by the way.

"Okay! Let's go together tonight."

Pang Weidong and Xu Bo had previously made up for their lack of knowledge about the Internet and had heard of this company.

But they really couldn't figure out how such a company could make money? If it weren't for their trust in Du Shaojie, they wouldn't even bother with this company.

night.

Du Shaojie and his three companions came to [Yangcheng Restaurant].

When I walked into the private room, I saw three people sitting inside, one man and two women. The man was Ding Sanshi, the founder and CEO of NTES.

"Hello, Mr. Du!"

"Hello, Mr. Ding. These two are my friends, Mr. Pang and Mr. Xu from Yuedong Entertainment."

Ding Sanshi and others quickly stood up and introduced themselves to each other.

Then the guests and hosts took their seats, and the food and drinks were quickly served.

Ding Sanshi knew about Yuedong Entertainment, the leader in the KTV industry, and he had to pay attention to it. Now his company was nothing compared to others. Prospects were prospects, but reality was reality.

So he kept a low profile and was very careful when speaking to Du Shaojie and the other three.

Afterwards, everyone drank while listening to Ding Sanshi introduce his company. The company was planning to go public, but it was in a tight financial situation and urgently needed investment.

"We'll visit your company later." Du Shaojie did not agree to invest but did not refuse either. He just said he would go and take a look when he had time.

Ding Sanshi immediately became anxious and said, "No, if you have time, why don't you go there tomorrow?"

"alright."

Du Shaojie hesitated for a long time and reluctantly agreed.

the next day.

The group of three went to NTES company for inspection. Ding Sanshi accompanied them throughout the trip and kept making big promises.

Du Shaojie winked at Pang Weidong, who understood and said:
"Well, it sounds good, but it's hard to realize. So, I'll invest some money to give it a try. Mr. Xu, Mr. Du, do you have any ideas?"

"You can give it a try. I'll send someone to talk to you later."

Du Shaojie seemed a little reluctant, but finally agreed to talk.

Naturally, the three would not show up in the subsequent negotiations. After several rounds of negotiations, the three invested a total of 1 million yuan in NTES.

Among them, Du Shaojie invested 4000 million yuan in the name of [Dingxin International], and Pang Weidong and Xu Bo invested 3000 million yuan respectively in their personal names.

A total of 19% of the company's shares were obtained.

This was simply pie in the sky for Ding Sanshi. He thought that people would invest at most 1 or million yuan, but he didn't expect it to be million yuan.

Now, the cost of going public is sufficient and will not be exhausted, and the remaining funds can still maintain the normal operation of the company.

Subsequently, Du Shaojie sent a team led by Winnie to enter NTES.

Winnie and others mainly assist the company in its preparations before listing, while supervising the flow of investment to avoid meaningless consumption in the company.

They will not be stationed at NTES permanently and will withdraw after the preliminary work is completed.

After finishing this matter, the three of them went to Shenzhen together.

The commercial complex, Jiaxin Shopping Plaza, invested by Qin Group, is about to open. As shareholders, they will definitely attend the opening ceremony.

Qi Yan also flew to Shenzhen. This time she did not bring her daughter with her because her daughter had to go to school, so she was temporarily left in the care of her parents.

On the opening day, the shopping mall held a series of activities.

It’s a good start, and it should be even better in the future.

After the opening ceremony, Qi Yan and Du Shaojie treated everyone to a meal, and Qi Yan hurried back to the capital.

Du Shaojie stayed for two more days and was then taken to Beijing by Pang Weidong and Xu Bo.

"Ajie, I contacted two Internet companies in Beijing a few days ago. You can go with us to take a look this time."

Inspired by their previous investments, Pang Weidong and Xu Bo contacted two other portals.

Du Shaojie couldn't persuade them, so he went with them.

In fact, according to his idea, it is enough to invest only in NTES now. If he remembers correctly, it is not far from the first Internet bubble.

It’s quite funny to say that after NTES was listed on NASDAQ, it encountered a stock market avalanche. It reached its peak upon listing, and then the stock price plummeted all the way.

The reason for investing now is to make an advance investment.

The investment cycle is not short. If we directly invest in the three major portals now, the cost of capital sedimentation will be a bit inappropriate.

Rather than investing in the other two companies now, it is better to wait until they go public and then buy their stocks directly in the secondary market.

If NASDAQ avalanches, the stock prices of these companies will plummet to the floor.

He has no idea how much it was exactly, but it seemed like it had fallen below US$1 per share at its lowest point?

But he couldn't tell Pang Weidong and the others these words, otherwise he would become a charlatan. All the prophets had bad endings, so he naturally wouldn't be so stupid.

Purchasing stocks in the secondary market is subject to many restrictions, and it is difficult to clearly say the pros and cons.

After arriving in the capital.

Du Shaojie followed Pang Weidong and Xu Bo to visit two Internet companies. It is easy to find fault, but Pang Weidong and Xu Bo just don't look back.

The three people had disagreements on this matter. Du Shaojie himself recommended the Internet industry, but the contrast between the two was too great.

Finally, he and the two men invested 1000 million yuan each in the two companies, and the matter came to an end.

Your investment will definitely not go to waste. No matter what, you will become rich overnight one day.

Du Shaojie no longer cared about this matter. After resting in Beijing for a while, he took Wang Yongli, Luo Qin and others to inspect stores in various places.

This time, the main purpose was to inspect the newly opened stores of [Shuweixiang Hotpot]. Yu Jianxin's expansion speed is very fast and the number of stores is increasing rapidly.

"Old Yu, the most urgent task now is to improve management and service. We must not neglect key issues because of expansion."

Du Shaojie inspected the store along the way and constantly corrected some minor problems in each store.

The threshold for opening a hot pot restaurant is actually not too high. If you want to remain prosperous, you must have your own characteristics so as to enhance customer stickiness.

He called Yu Jianxin many times during this trip, and Yu Jianxin recorded everything, becoming more mature in management. (End of this chapter)