Reborn: Billionaire in College

Just as Shen Nanpeng said on the phone, he currently spends a large part of his time in Dongjiang.

Although Renren and Renrengou are only "two" companies in Sequoia China's investment version, these two companies have become the most profitable businesses.

Investing in other companies and industries can result in losses or gains, but even if there are profits, they are far less than what you make from these two companies.

Making money is only one aspect.

The fame brought by the successful investment in Renren and Renrengou is what Sequoia China needs most.

It was also thanks to the successful investment of InvestorNet and Renrengou that Sequoia China has become one of the top investment institutions in the country.

Some start-ups will proactively submit their business plans to Shen Nanpeng when they are in urgent need of funds.

When Sequoia China competes with other investment institutions for financing opportunities, financiers often give priority to Sequoia.

That's the benefit of fame.

Even many investors want to get to know Chen Pingjiang through Shen Nanpeng's relationship.

On the road to entrepreneurship, once you have the resources behind Chen Pingjiang to support you, the difficulty of starting a business will be greatly reduced.

Therefore, Shen Nanpeng would constantly describe the interesting stories of his acquaintance with Chen Pingjiang at some financing meetings, and sometimes he would brag, saying that if Renren had not had the investment from Sequoia China, it would probably not be what it is today.

After meeting Chen Pingjiang on the 28th floor of Building A of the Twin Towers, Shen Nanpeng had a smile on his face from the moment he entered the door.

"What's so important that you're calling me over here?"

Chen Pingjiang nodded, indicating that they should sit down and talk.

In the meantime, Xu Rui came in smartly and made some tea, and then the two started talking.

"Do you know Zhang Yiming?"

Shen Nanpeng raised his eyebrows: "Of course I know. He was in charge of the Toutiao project and did a great job. And I heard of him when he founded 99fang, but I didn't have any dealings with him. I didn't expect that he would be recruited by you later."

Chen Pingjiang nodded and said without further ado: "He has a short video project that competes with Kuaishou. I plan to let him take some people out to start his own business. I will provide the funds and Renren will provide the resources. We have already negotiated. I will hold 51% of the shares, Renren will hold 19%, and the remaining two founders will hold 30% in total. There are many factors to consider in doing this."

"It's just a small matter, can't you just talk about it over the phone? Is it necessary for me to come here in such a hurry?" Shen Nanpeng chuckled.

Chen Pingjiang could have simply not told him and announced to the public that Zhang Yiming had resigned. In that case, Shen Nanpeng would have known nothing.

But Chen Pingjiang said it very seriously, which was enough to make Shen Nanpeng feel valued.

"Brothers should settle accounts clearly. We have to talk about it. Of course, you can't agree even if you don't agree." Chen Pingjiang said with a smile.

Shen Nanpeng: “…”

The reason why Shen Nanpeng was so straightforward was mainly because he did not understand the short video project.

He knew that Kuaishou was making short videos, but that was just the way it was at the moment. This made Shen Nanpeng feel a little contemptuous, thinking that it might not be very popular.

There was no need for Chen Pingjiang to say more. It was enough for Shen Nanpeng to know about this matter.

If you describe to him how important this thing is and how awesome it will be in the future, that would be purely disgusting.

After a few words, Shen Nanpeng took the initiative to turn the topic to the listing of Renrengou.

For him, this is what they should talk about.

What about Zhang Yiming, short videos, and ByteDance? Which one is as important as Renminbi’s listing?

We don’t know whether it can be done or not. Even if it can be done, isn’t it enough for Renren to just hold shares?
Seeing that Shen Nanpeng was so uninterested in this topic, Chen Pingjiang was somewhat surprised, and then he reacted with a chuckle.

Yes!

I know how awesome Douyin and TIKTOK will be in the future, but Shen Nanpeng doesn't know. In Shen Nanpeng's view, Zhang Yiming is a nobody, and the short video project has not even started yet, so it's hard to say what the future holds.

With so many startups craving for business every day across China, who would care about a small company that only has a name?

For a moment, Chen Pingjiang looked at Shen Nanpeng with a somewhat ambiguous look.

I really don’t know if this guy will regret it after seeing TIKTOK conquering overseas and ByteDance’s valuation reaching trillions.

But that is none of Chen Pingjiang’s business. At least Chen Pingjiang has been notified today.

"Thomas from Deutsche Bank contacted me and wanted to meet with you. It seems that he wants to participate in the underwriting. What do you think?" Although the words were inquiring, Shen Nanpeng was actually looking at him eagerly.

Chen Pingjiang acted indifferent to this: "Renrengou's stocks are easy to sell anyway, so there's no problem in participating. It just depends on whether the price is right. Forget about the meeting, just take Gao Songbin to meet him."

The underwriters chosen by Renrengou for its IPO are still the same few companies. In addition to Goldman Sachs and JPMorgan Chase, this time there is one more underwriter, Merrill Lynch.

The company responsible for the listing advisory is Huaxing Capital, an old acquaintance of Chen Pingjiang, who has very deep connections in the Hong Kong stock market.

"I heard that it was Liu from the Hong Kong Stock Exchange who came to your house to convince you a while ago? Wow, the Hong Kong Stock Exchange is really generous. Not only did they convince you, they are also actively communicating with Alibaba and are planning to amend their articles of association to accept companies with different voting rights for the same shares."

"Haha, you are well-informed."

In order to avoid being kicked out of the company after their equity is continuously diluted, the founders of many domestic startups have come up with the AB share system.

The voting rights of Class AB shares are also different.

In this way, even if the founder's shares are only in the single digits, he or she can still have enough voting rights to ensure overall control over the company.

Previously, the Hong Kong Stock Exchange did not accept companies with different voting rights for different shares to be listed on the Hong Kong Stock Exchange.

But after missing out on a series of domestic companies led by Alibaba, the Hong Kong Stock Exchange is regretting it now.

With such a large domestic market behind us, if the rules cannot keep pace with the times, it would be like going to a treasure trove and coming back empty-handed.

Chen Pingjiang didn't want to talk more about this topic.

Hong Kong Stock Exchange, sooner or later you will have to pay the price for your arrogance.

The price is - liquidity drying up.

Of course, there are many reasons for this.

After seeing Shen Nanpeng off, Chen Pingjiang called people from Temasek and Xiong Xiaoge separately.

Both companies are small shareholders of Renren.com, so there is no need for a face-to-face meeting. Just notify them over the phone.

Xiong Xiaoge also said that it didn't matter. Since Shen Nanpeng had agreed anyway, what could he do if he disagreed?

Who doesn't know that no one can stop what Chen Pingjiang wants to promote?

Other companies are capital-kidnapped companies, but in Renren, the opposite is true, where capital is being trampled underfoot.

I'm giving you a heads up when something happens. If you object, that's not giving me a heads up. Since you don't give me a heads up, then just quit.

Chen Pingjiang is capable of doing such a thing.

Temasek and DIG don’t care about this, as long as the stocks they hold continue to rise.

Chen Pingjiang was very satisfied with the results of the telephone conversation.

Both Xiong Xiaoge and Temasek have shown sufficient loyalty. (End of this chapter)