Perfection of Rebirth

Chapter 329 New Valuation of Tudou

Money Day was shut down again, and returned to the company in despair.Seeing the sluggish sales for several consecutive days, the leaders of Imperial Capital Hyundai couldn't sit still.

"Director Li, I'm the old house of the Imperial City Automobile. It's been a long time since we had a drink together. Are you free tonight?" The chief executive of the Chinese side of the Imperial Capital Hyundai called Director Li of the Imperial City State-owned Assets Supervision and Administration Commission.

"Old Fang, you have always been on the list of 300 million for nothing. You have been too busy recently, so you will stop drinking. If you have anything to say, you can just talk about it," Director Li said.

"Hey, Director Li, I'm here to ask you for help," Mr. Fang said.

"Your company is now a star enterprise in the imperial capital. When does your old house still need to ask for help?" Director Li said.

"Hey, don't mention it, I don't know if you have noticed, there is a very popular micro movie "Old Boy" on the Internet recently," Mr. Fang said.

"Our daughter has watched it several times at home, how can I not know, what's the matter, what does this micro-movie have to do with you?" Director Li said.

"This microfilm has made our company miserable, and it has already affected our sales," Fang said.

"How can people hack you if they are so good? Guanghui Film and Television is an affiliated company of Guanghui Group. Mayor Wang has specially visited Guanghui Group. Their company is still investing one billion yuan in the construction of a data center in the sea area," Director Li said. .

"I don't have the face to tell you that it's all caused by the gangsters in our company," Mr. Fang said.

"What's going on, let's talk about it," Director Li said.

"Originally, Guanghui Film and Television came to our company to discuss cooperation matters, but the Korean in our marketing department saw that the girl who came to negotiate with her was pretty, so she flirted with her with flirtatious words, and as a result, she directly hacked us in the film. Pause. Originally, it didn’t matter if no one watched the film, but who knows that since this micro film is so popular, it is said that it has nearly 3000 million hits, which directly affects the sales of our company,” said Mr. Fang.

"What do you want to do with him now?" Director Li said.

"The Korean who caused trouble in our company has gone to Guanghui Film and Television to apologize, but he has not been seen at all. I am not here to see if you can help find a middleman to help make peace, let the other party process some pictures before playing ", Mr. Fang said.

"Well, let me think about it. Old Huang from the municipal government office seems to have dealt with them before. Let me ask for you," Director Li said.

"Director Huang? Mayor Wang has been to Guanghui Group for inspection. Director Huang should have contacted them, so I'm counting on you," Mr. Fang said.

Under the advice of Director Huang of the Municipal Government Office, Jiang Hui no longer continued to criticize Hyundai, and Director Huang will give face no matter what.Besides, this was mainly a grievance with Qian Qianri, but Jiang Hui didn't like Bangzi, so he also hit Hyundai by the way.

Of course, Money Day was a complete failure.In order to appease Guanghui Film and Television, Qian Qianri was transferred back to South Korea, and the position of section chief must have disappeared. Although he was not assigned to the factory to drive screws, he was assigned to the logistics workshop to be in charge of starting the car, which can be regarded as a step back to before liberation.

Jiang Hui asked Zhao Gang to arrange personnel to slightly adjust the scene and lines of the Elantra chasing the A6 in "Old Boy", and this matter is over.

In the past few days since Tudou.com launched "Oldboy", both the number of registered users and the website traffic have increased rapidly.

"Director Jiang, many venture capitalists have been contacting me these two days, interested in investing in our company," Fang Dawen said to Jiang Hui.

"Finally can't help it? How much money does Tudou still have?" Jiang Hui said.

"In the past few months, not counting the expenses of the US branch, we have already spent close to [-] million yuan in Tianchao. Fortunately, Guanghui Technology has invested another [-] million yuan, otherwise we will not be able to uncover the pot now." Fang Dawen said.

"Which venture capitalists are contacting you now?" Jiang Hui said.

"In addition to Sequoia Capital, Softbank and IDG, DCM Capital and Shenzhen Venture Capital also want to get involved, but I haven't made a statement yet," Fang Dawen said.

"Let's get in touch first, and talk slowly. The group is not short of money for a while, and we need to raise a good price if we want to raise funds," Jiang Hui said.

"Okay, then I'll get in touch with them first to find out," Fang Dawen said.

After a period of expansion of Tudou, coupled with the recent popularity of "Old Boy", it has attracted the attention of many venture capital institutions.According to some gossip that Jiang Hui got, some venture capitalists have already valued Tudou at 20 billion, which is far from Jiang Hui's expectation.Although a month or two ago when Tudou.com made a targeted capital increase, the valuation was only [-] to [-] million, but this targeted capital increase and venture capital financing are two different concepts. Besides, over the past month or so, Tudou.com’s movie channel, TV drama channel, open class channel, etc. The continuous expansion of the company has already felt a little different from the past.

In fact, Jiang Hui still does not reject venture capital funds. Although he knows that these companies will definitely have very high valuations in the future, but without sufficient funds, the door he opened is likely to allow other companies that receive financial support to win. Therefore, Jiang Hui also wanted to raise a sum of money at a suitable price to speed up the development of Tudou.com.

In addition, the value of Tudou.com's US branch has not yet been fully reflected. According to the virtues of the Wall Street gang, an American company of the same level and China's company will have several times the difference in valuation.Therefore, Jiang Hui wants to spin off Tudou.com's US branch separately and re-register according to the current shareholders' shares, instead of indirectly holding shares through Tudou.com headquarters.

In this way, when Tudou.com raised funds, it was targeting Tianchao Company and had nothing to do with American companies.In the future, the valuation of Tudou.com USA will definitely be higher than that of Tianchao. After Guanghui Technology invested [-] million in the US company, most of the shares of Tudou.com USA are already in the hands of Jiang Hui.

Generally, every company will go through three or more rounds of financing before going public. Tudou.com can barely count as one round of financing. up. The global stock market in 2006 was in a very hot state. When I went public at this time, I sold some stocks during the high-rise stage, and then bought them back during the financial crisis. I could not only earn a sum of money, but also increase my equity. , It can be said to kill two birds with one stone.

(End of this chapter)