"boss Zhang."

"I have learned from Minghui about ByteDance's thoughts on the second round of financing, and I also understand your concerns and expectations."

After clinking glasses, Fang Ziheng was the first to speak, setting the stage with some ground-breaking remarks.

Zhang Yimin’s ambition is extraordinary, which can be seen from his repeated refusal of Teng Xun to invest in ByteDance.

Compared with JD.com’s Liu Qiangdong and Pinduoduo’s Huang Zhen, Zhang Yimin is tougher and more confident.

the reason is simple.

ByteDance's products, once developed, can create their own traffic.

He only needs to slightly introduce an Internet company to inject capital in the previous rounds of financing, so as to complete the identity change of ByteDance, while attracting traffic, while officially entering the Internet field.

In layman's terms, it means joining a circle in the Internet field, and at the same time sending a signal of goodwill to the outside world.

You see, I accepted the capital injection.

In the future, when the company develops and grows, it will continue to look for big brothers from the Internet to lead the investment.

Release in good faith, everyone is in the circle, even if colleagues want to engage in ByteDance, they will consider it.

In this way, more room for development will be gained.

However, only Fang Ziheng knew that Zhang Yimin was keeping a low profile and did not want to attract the attention of Teng Xun and Ali.

This guy's gaze sees very far away.

It is also reasonable to reject Hengyu Media’s second round of leading investment.

But reason is reason, and business is business. Fang Ziheng cannot give up the golden pig of ByteDance just because he understands.

In the second round of financing, it is necessary for Hengyu Media to increase its shareholding!

Zhang Yimin also knows this very well.

He did not relax his vigilance because of Fang Ziheng's words, but instead cheered up even more.

"Director Fang, thank you for your understanding."

He smiled and said seriously: "Don't worry, as long as Hengyu Media gives up its second round of leading investment, ByteDance will ensure that Hengyu Media's shares will not be diluted. As long as you are willing, you can maintain 20% of the shares in any situation that suits you!"

"

When he said this, Zhang Yimin was worried that Fang Ziheng would not agree.

Fang Ziheng did not speak in time, picked up the wine and had another drink with Zhang Yimin.

Then, he fell into deep thought.

The atmosphere at the dinner table also cooled down because of his silence.

Zhang Yimin pretended to be relaxed, paying attention to Fang Ziheng's expression while picking up vegetables and eating.

If the other party really doesn’t agree!

Do you want hard steel?

If it's hard steel, it will definitely offend Fang Ziheng and Hengyu Media.

ByteDance still needs time!

Zhang Yimin's mind wandered, he considered all the issues and went through them in his mind again.

Fang Ziheng didn't know what Zhang Yimin was thinking. He pondered for a moment and met his expectant eyes before speaking warmly: "Mr. Zhang, if I remember correctly, ByteDance is planning to sell 10% to 15% of its shares in this secondary financing, right?

"

"Yes, as expected, only 10% will be raised."

Zhang Yimin nodded slightly and then explained: "It will take at least three to four years for Byte to fully develop. After three or four rounds of financing, this is a big stake."

Little shit!

Fang Ziheng secretly laughed in his heart, did he really think he didn't know about Byte?

In each round of financing, you, Mr. Zhang, can sell at most 10% of the shares, and you won’t do anything more than one point.

What a fool!

In the previous life, ByteDance adopted a VIE equity structure. According to the industry negative list, no foreign company could directly control the company and could only own 49% of the shares at most.

This structure has also become Zhang Yimin's greatest confidence.

Among ByteDance’s eight rounds of financing, except for the angel round and the third round led by Qihoo 360, the other six rounds of financing were all led by foreign investors.

Because of the VIE structure, many foreign investors can only give up their greed, do not participate in the company's management rights, and only enjoy the income rights of ByteDance.

Zhang Yimin signed various agreements with these foreign businessmen, allowing the foreign businessmen to transfer all share management rights to his personal hands.

hehe

I remember that when ByteDance concept stocks were listed, it was disclosed that Zhang Yimin held 98.8% of the shares.

This news is false at first glance.

After eight rounds of financing, it is absolutely impossible for Zhang Yimin to still own so many shares.

But because of the VIE equity structure, on the surface he is indeed the agent of these equity interests. No one in the entire ByteDance company can shake his status and voice.

It is precisely because of these equity management that he is not afraid of Tengxun, Ali, or any foreign capital.

Dividends can be given to you, I only want equity representation!

Many investors have nothing to gain except a nominal equity asset and annual profit dividends.

This shows how domineering Zhang Yimin is!

That is to say, in this life, Hengyu Media grabbed angel round investment and signed an agreement for subsequent priority investment.

This priority agreement made Zhang Yimin somewhat cautious and unable to use the VIE equity structure.

Otherwise, people don't have to worry about Fang Ziheng, he loves to vote or not!

The two met today. Zhang Yimin wanted to have a good talk with Fang Ziheng in a humane and worldly way.

In other words, let’s fool him and ask Hengyu Media to give him a hand.

It is impossible to lift.

Even if it was to be lifted, it would not be this way.

Fang Ziheng had already made a plan in his mind. He would no longer hide his intentions and directly use his moves!

"Mr. Zhang, my request is very simple. Hengyu will increase its stake in ByteDance one more time, while maintaining its share of subsequent financing and not diluting the original shares!"

As soon as these words came out, Zhang Yimin's heart skipped a beat, his expression changed, and his eyelids jumped.

It's over.

Fang Ziheng really wanted to increase his shareholding.

He secretly complained, put down the chopsticks in his hands, and said reluctantly: "I wonder, how many shares does Director Fang want to increase?"

The two of them were face to face, so he couldn't refuse directly.

In his heart, he even hoped that Fang Ziheng would open his mouth and force him to use a subtitle and go back to discuss with the team on the grounds that he could not make the decision.

As soon as he gets out of this gate, he will have a chance to breathe and can openly reject Hengyu Media.

However, there are no eggs.

The idea was beautiful, but reality gave him a bone-crushing blow.

As soon as he saw the reluctance on his face, Fang Ziheng knew he was safe and said with a smile: "Don't worry, Mr. Zhang, I just need to increase my holdings by 10%!"

Moreover, I can give Mr. Zhang an unexpected quotation, which will definitely satisfy you and your team!"

"Oh what price?"

Zhang Yimin took a breath, his luck was broken, and he was no longer interested in the price.

Although he is not a wealthy person, he can spend millions to start a business, which naturally satisfies a better material life.

At the same time, he didn't quite believe that Fang Ziheng could offer a price that would impress him.

Just when Zhang Yimin felt sad and dissatisfied, Fang Ziheng smiled confidently and slowly spit out a number.

"$20 million!"

"Mr. Zhang, Hengyu led ByteDance's second round of financing with a quotation of US$20 million!"

How many?

Zhang Yimin was shocked and looked at Fang Ziheng with wide eyes.

$20 million.

real or fake!

He regained his energy in an instant, and the sadness and dissatisfaction he felt just now disappeared without a trace.

You know, Hengyu Media’s angel round financing has been very generous, with 30 million soft sister coins accounting for only 20% of ByteDance’s shares.

Before coming, his original expectation for the second round of financing was to exchange 10% of the shares for a US$10 million investment in an Internet company.

As for Fang Ziheng's quotation, just flip through it.

A full 120 million more soft sister coins than in the first round.
To be continued...