Winning the new financial era

Chapter 428 Rational and wise Su Hua
Back at the company, Su Hua immediately talked to the founding team about the whole process of negotiating with Zhang Yida today.

"Zhang Yida really said that?"

The person who spoke was an otaku with glasses, wearing a shirt, he looked like a techie.

In fact, he is indeed a technical background. His name is Chen Yixiao, and he is the co-founder of Kuaishou.

I was in charge of products at Renren, and was also the real founder of Kuaishou. At that time, Kuaishou was still called "GiF Kuaishou" and made dynamic funny pictures.

Su Hua was a Kuaishou who joined later. At that time, Kuaishou had already started a business for several years.

"Yeah, $50 billion, all in cash."

Su Hua said with a smile: "If you agree, the four of us here will have wealth and freedom."

This is not a joke. Su Hua joined in halfway. The original three-person original team, including Kuaishou angel investors and Chen Yixiao, diluted 50% of the shares to him and the team he brought.

Of the 50% shares, 40% was given to Su Hua, and the other 10% was given to the team brought by Su Hua.

Chen Yixiao and the other two founders dropped their shares from 80% to 40%.

Morningside Capital, an angel investor, dropped its stake from 20% to 10%.

After four rounds of financing, Su Hua personally still has 20.42% of the shares, and Chen Yixiao's three former Kuaishou founders add up to this amount.

Among the four, Yinxin and Yang Yuanxi, who have fewer shares, also have two or three points of shares.

If the company is sold at a price of 50 billion U.S. dollars, more than 1 million U.S. dollars in cash will be obtained immediately.

Chen Yixiao can get about seven or eight billion US dollars, and Su Hua has the most, just over one billion US dollars.

It is true that all four people have become rich and free!

So Chen Yixiao, Yinxin, and Yang Yuanxi were all smiling.

Several of them are programmers, their ideas are very direct, and they don't like to hide their emotions.

Su Hua looked at the three of them, and asked again: "You three, are you going to sell?"

"I think it's almost there. With TikTV blocking the front, we will double the data if we die quickly.

2 million daily active users, this is almost the limit!
Then the company goes public, and the market value may be tens of billions of dollars.

If you want to cash out, you have to wait for a few years, maybe you can't sell it for so much money..."

Yinxin is relatively straightforward, so he started to analyze directly.

But he looked at Su Hua whose face was slowly darkening, and his voice became quieter.

For Su Hua, the three original founders respected and feared him at the same time.

Respect, because Kuaishou is in their hands, they have been unable to become bigger and stronger, and they almost died because they couldn't raise funds.

In Su Hua's hands, it immediately turned decay into magic.

At the beginning, their angel investor Zhang Fei wanted to introduce a CEO to them at the price of selling 50% of the shares.

At first they still had opinions, but later they realized how much the 50% shares were worth.

Without Su Hua, what if the three of them hold 80% of the shares?The company may have collapsed for four years.

I'm afraid that although Su Hua is a programmer, he is very assertive.

Before joining Kuaishou, he also started several businesses, all of which served as CEOs.

One of them started a business and successfully exited through mergers and acquisitions, realizing the freedom of wealth.

So when facing Su Hua, the three of them are always a little unconfident and psychologically weak.

After Su Hua joined Kuaishou, he launched a drastic reform.

The three of them were often criticized by Su Hua, but afterwards it proved that Su Hua's decision was correct.

Over time, they got used to seeing Su Hua's face.

Seeing that Su Hua's face is not good, they know something bad has happened and said something wrong.

"Brother Hua," Chen Yixiao hurried out to smooth things over, "We were just joking.

You say it, and you can do whatever you want.Whether it is a merger or acquisition, or fighting against Douyin to the end, it is up to you. "

Su Hua looked pale, "I also respect everyone's opinions. After all, Kuaishou has everyone's part.

but……"

Su Hua glanced at the three of them, "Can we stop shining our eyes when we hear 50 billion U.S. dollars? Look at how promising you are.

Is 50 billion dollars high?There are also investment institutions offering a price of 80 billion US dollars to invest in us! "

Yang Yuanxi scratched his head, "For the valuation of 80 billion US dollars, people will invest tens of millions of US dollars, which is different from the 50 billion US dollars of pure cash for this merger!"

Su Hua quickly stopped, "What's the difference? Since someone offered 80 billion US dollars, it means we are worth the price.

It doesn't matter whether the company sells or not.If we really want to sell it, we must cling to the price of 80 billion US dollars. "

"Can Zhang Yida agree?"

Chen Yixiao's eyes widened. He felt that 80 billion US dollars was too exaggerated.

Su Hua chuckled twice, "Now Zhonghe Group needs Kuaishou, not that we have to sell the company."

Chen Yixiao and the three nodded. Since Su Hua said so, he must be right.

After unifying the opinions of the founding team, Su Hua convened another board meeting, throwing out the heavy news that Zhonghe Group wanted to acquire Kuaishou.

Investors exploded, with some supporting and some opposing, with different opinions.

Several investment institutions such as Penguin, Heishan Capital, Qiandu, and Ruixiang strongly support the merger and acquisition;
CMC, Light Source Venture Capital, DST Global, DCM China, and Shunwei Capital expressed their neutrality and paid more attention to the acquisition price.

Morningside Capital, Kuaishou’s angel investment institution, objected.

On the board of directors, Zhang Fei, a partner of Morningside Capital, said very directly: "Kuaishou has found the right way to monetize the business, and the income of each moonlight live broadcast is several hundred million.

Obviously there is a chance to go public independently, why merge?
I know that some shareholders are both Zhonghe Group shareholders and Kuaishou shareholders, so they want to promote the merger of the two.

But have you ever thought about what this merger means for Kuaishou? "

Liu Zhiping choked directly: "Why is it meaningless? Didi merged with Kuai, Meituan merged with Dianping, 58 merged with the same city, and Focused merged with Gathering...

The merger of the two companies on the same track can make the moat deeper, making it beyond the reach of latecomers;
At the same time, we can concentrate resources, develop overseas markets, and launch an impact on the valuation of hundreds of billions of dollars..."

Shen Beipeng also came out to support Liu Zhiping, "Merger is the most sensible choice. If the two companies start a subsidy war, Zhonghe Group has more than 50 billion US dollars in cash reserves.

What about Kuaishou?Do you have $5 million in cash reserves?

The strength is too disparate.Regardless of whether you can win or not, Kuaishou will definitely suffer more if you fight.

The live broadcast business that has just hoped to be profitable may fall into a quagmire, robbing anchors, subsidizing users... entering a vicious circle. "

Zhang Fei turned his face away, you guys have crooked buttocks, what you said is all nonsense, I don't bother to entangle you guys.

He looked directly at Su Hua and said, "Su Hua, you are the CEO, you decide! Whether to go public independently, or to sell yourself as a younger brother."

Su Hua still respects Zhang Fei very much. If the other party didn't introduce him to join Kuaishou, he wouldn't be where he is today.

He heard Zhang Fei's dissatisfaction, and he seemed unwilling to promote Kuaishou's acquisition.

So he smiled and said, "Isn't this just to discuss with shareholders?"

Zhang Fei was a little dissatisfied with Su Hua playing Tai Chi, but the board of directors couldn't openly criticize him as the CEO.

Sighing, he said with some disappointment: "Su Hua, talk to them. I will support you in whatever decision you make."

Seeing Zhang Fei's disappointment, Su Hua smiled apologetically at him.

Then Su Hua explained what Zhang Yida had said to him.

"It's as simple as that. After the acquisition of Kuaishou, Zhonghe Group will end the domestic short video war and focus all its attention on the overseas short video layout.

If it can really achieve the level described by Zhang Yida, the short video platform under Zhonghe Group will reach 10 billion daily active users and 20 billion monthly active users. "

The representatives of several neutral investment institutions couldn't help but nod their heads. As expected of Zhang Yida, his ambition is really not ordinary!
"As long as the price is okay, we Shunwei Capital agree to the merger!"

"The Chinese Cultural Industry Investment Fund agrees!"

"DCM China agrees!"

……

Several neutral investment institutions no longer insisted and turned to the party that agreed to the merger.

Liu Zhiping and Shen Beipeng smiled, and the situation could be called good.

Everyone on the board of directors looked happy, only Zhang Fei was expressionless and didn't say a word, looking a little lonely.

After the meeting, Zhang Fei walked into Su Hua's office.

"Boss Fei, sit down!" Su Hua greeted him with a smile.

"Why don't you insist?" Zhang Fei asked Su Hua directly with sharp eyes.

If it were someone else, even if Su Hua didn't get angry, he would say a few words.

But Zhang Fei is different. He is not only an angel investor of Kuaishou’s predecessor GIF Kuaishou, but also his own Bole.

He smiled and pushed Zhang Fei to sit on the sofa, raised his head to look at the ceiling, sighed, and then slowly explained.

"That's it, are you afraid of Zhonghe Group and Zhang Yida?"

Zhang Fei also laughed out loud, what kind of reason is this?You just told me that you want to cash out 10 billion U.S. dollars at one time, so that you don’t have to worry about it for the rest of your life. It’s better than this reason.

Just now, Zhang Fei's face was sinking like water, and Su Hua was smiling, but now it's the other way around.

Su Hua said with a serious face: "The Zhonghe Group has so much cash, if it is really used as a subsidy for the sinking market, the impact on us will be unimaginable.

I roughly speculated that it is basically impossible for Kuaishou to kill Jishi.

Unless there is an intervention of administrative power!

On the contrary, I think our Kuaishou is more likely to encounter administrative intervention than them.

The reason is simple, sometimes the content is really vulgar and too vulgar.

Also, it's no fun being number two all the time.

If the Zhonghe Group keeps attacking us, I am afraid that the number of users will drop, or the growth rate will slow down, and the valuation will also be seriously affected.

Never underestimate the power of market subsidies!This is a tried and true strategy! "

Zhang Fei shook his head and said: "Zhonghe Group is not only a product of Doushi, but the funds that can really be used to fight the subsidy war with Kuaishou are only 20 billion U.S. dollars.

And if the $20 billion is spent, it may spoil the tastes of users and ruin the benign business model.

This is a double-edged sword, hurting the enemy and hurting oneself! "

"But as long as they curb the development of Kuaishou, they will be successful."

"Then they don't care about the overseas market?" Zhang Fei laughed. "It's because you think too much about your opponents. In fact, they are just trying to scare you."

However, Su Hua firmly believed that Zhang Yida didn't scare him. This is a ruthless person who burned 30 billion US dollars in shared bicycles.

Will he burn 50 billion US dollars in the short video field?There is this motivation and strength, and there are precedents.

Su Hua didn't dare to gamble, the consequences of losing the bet would be very serious.

On the one hand, there are billions of dollars within reach, and on the other hand, there is nothing after failure.

"What about Zhang Yida?" Zhang Fei asked again.

Su Hua thought for a while and replied: "Being good at strategy and forward-looking, you can see for yourself just by looking at our shareholders' meeting, how many investment institutions are biased towards him."

Zhang Fei nodded without saying a word, Zhang Yida was able to influence Kuaishou.

Fighting against this kind of person is indeed a little... stressful!
Hearing Su Hua's analysis, Zhang Fei was also reflecting on whether he was too optimistic?
Kuaishou really fights with Zhonghe Group, I'm afraid it really won't do anything good.

In addition, Su Hua is indeed rational and wise enough, from the perspective of probability and various strength analysis.

Finally came to the conclusion that "it is better to be acquired than to fight"!

Zhang Fei patted Su Hua on the shoulder and said with a smile: "It's decided, let's do it!"

"You don't object anymore?"

Seeing that Zhang Fei finally figured it out, Su Hua was very happy. After all, he really didn't want to have differences and conflicts with Zhang Fei.

"No more objections!"

Zhang Fei shook his head, and said earnestly: "We must negotiate a good price and come back. I believe Zhang Yida does not want to fight this battle."

"Don't worry," Su Hua smiled, "The grinding will cost 80 billion US dollars."

(End of this chapter)