City: From Inheriting a Courtyard To a Giant

Other start-up companies, start from angel round investment, A round, B round, C round. Then _ going public is like carrying a customs clearance game.

In this process, it is not only necessary to collect funds from many investors for the company's development and operation.

In addition, they will borrow heavily from banks for the development and operation of the company.

Generally speaking, a company's asset-liability ratio is 45% to 65%, which is a relatively healthy ratio.

The so-called debt ratio is the total liabilities of the company divided by the total assets.

multiplied by _

For example, to buy a house with a loan of 10,000 yuan, the loan is 700,000 yuan. The total value of the house is 10,000 yuan. If the house is regarded as a company, then the debt ratio of this company is ID%. _

Some companies have low debt. Some companies have high debts, and many companies have a debt ratio as high as 70%. For example, the well-known real estate company Yida Group has a debt ratio as high as 75%. The interest paid to the bank alone is tens of billions of Tang Yuan every year

Almost most companies operate in debt, and debt management is also a common form of business operations.

However, Hongmeng Pan Entertainment is completely different. In addition to creating

At the beginning of the business, I used a courtyard house to borrow 500 million Tang Yuan from the bank. In addition to having huge debts, I even relied on a leisure and entertainment game "Happy Farm" to pay off the debts. owed any burden.

Until now, Hongmeng Pan Entertainment’s liabilities have always been 0L

The bank wanted to lend money to Hongmeng, but Hongmeng Fan Entertainment was not happy and refused to agree.

There is nothing wrong with my asset structure. The company's financing and profitability can fully support the company's second rapid expansion. Why do you need to borrow money from the bank?

Such assets are already healthy and can no longer be healthy

Kang e

That's why Hongmeng's business continues to expand, and its valuation will soar all the way, as if there is no upper limit.

This is also the biggest reason why the capital market is so chasing after the hazy pan-entertainment equity!

And now... the three investment institutions who know that Hongmeng is going to acquire Ditu will be worried that Qin Yan will borrow money from the bank.

Using the equity of Hongmeng Pan Entertainment as collateral to borrow from the bank, I am afraid that it can borrow hundreds of millions of dollars, and the loan is issued on the same day!

Last resort. The person in charge of Sequoia Capital contacted Laurenna, the wife of Gang Leader Joe, and entrusted Laurenna to listen to the related sentiments. red

Shan owns part of the equity of Pingguo, and Laurenna is not easy to refuse. He could only vaguely ask Andy and Zou Yu about Hongmeng's C round of financing, and at the same time bring a request for a meeting to Robin: Webb.

Sequoia made a big circle like this, Sequoia just wanted Qin Yan to have a chance to meet

Andy has no scruples about the girlfriend relationship she just established with Laurenna 1 She replied with four Chinese characters, "I don't think about it for now~\". \"

Qin Yan's current attitude is obvious. What do I do... I don't need to report to you. No matter what you say, what conditions you set out. Even if you directly give a valuation of 0 billion US dollars. I won't follow

You talk about financing.

Don't talk about looking for Laurenna. You let the President of the United States come to lobby in person. I also answered the same.

Because, Qin Yan still has a real killing weapon that he hasn't sacrificed yet.

He used the town of Paradise to continuously hit combos. One king after another, almost toppled Beichai.

And now. .It's the turn of eCbat itself to start working hard.

Four months after WeChat was born, it finally ushered in_his third major update.

At this moment, Weisoft ISN Business Department is fully preparing for the new version update. this version

Compared with their previous versions, it is much more powerful, and compared to industry eChat. Although the function is much worse, it is still very powerful in the eyes of the technical team of MSN business department.

Myself. This sudden update will further strengthen MSN users around the world. In the face of directional diversion of eChat in Hongmeng pan entertainment Asia in the future, although it is still passive. But it won't - collapse and collapse all at once.

However, WeiRuan's ISN business department did not take advantage of the hot situation of "Paradise Town" and immediately carried out the directed flow of "Paradise Town" users, instead of eChat.

Insane got its third major update!

On July 20th, the official Weibo of WeChatz tweeted that __WeChat9-V3.3 version will be released in the early morning of the next day. Before that, the version number of WeChatz was {eChzat9-V.

This time the update, . is directly from Y2_. 5 skipped to V instead for

People who eat melons may not feel anything. But people in the industry can see it with a second glance. This is a direct upgrade to a new version. I am afraid that there will be new functions, rather than a small-scale update in the usual sense.

soft

The version naming of software basically has the same set of naming rules in the industry. If there is a beat character in the version number, sign up. This version is a public test_not an official version.

If there is a letter Y in the version number, it is the abbreviation of "Two Eve version". It means that this software is the version number e sorted by the company

Previously, eChat9-V in the industry meant that the WeChat software had been used for 9 years. Two large-scale version updates were carried out. And five small-scale adjustments were carried out in the first version.

And the content of this version update means

Hongmengye eChat will upgrade its software across generations and directly enter a new era. At the same time, it will launch a version after three fine-tuning.

Therefore, after Y. is no longer V., but directly marked as V_33. __,

This is a naming rule commonly used in the industry when a well-known Internet company upgrades its products across borders. The peers in the industry will pay special attention to it, and the most representative one is Pingguo's IOS system _i.

Every cross-generation upgrade of IOS is the object of attention of the whole network. Because this company will not rush to release its own brand new version. will be placed in Pingguo

Grand launch at the Developers Conference.

So when Hongmeng Pan Entertainment announced the upcoming release of WeChat 9-V version, it immediately attracted the attention of the entire Internet industry!_

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Chapter 514 No rules! Godhead Cohesion Moment (8 more)

Everyone in Weiruan's MSN business department was dumbfounded.

How is this possible! ⊥1?

In their eyes, the business eChat has surpassed them by several generations, even if there is an update and new functions are introduced. , and will only be announced suddenly at an important moment next year.

In the eyes of the entire industry, Hongmeng Entertainment is a bit crazy.

Less than a year after the establishment of Hongmeng Entertainment, Hongmeng Industry eChat was launched, but in just 4 months, the product was upgraded again.

According to common sense, Hongmeng violated the industry's rules this time

Too taboo.

First of all, all Internet companies that focus on product development do not follow a principle, the bigger the company, the bigger the product. Products with more users. The frequency of heavy updates is lower. Move the whole body because of pulling the hair.