Lin Yi's trip to the island country ended quickly because he had no one else to meet except Son.
After all, venture capital here is very inactive. In fact, the country's industrial structure is very stable and has not changed much over the years.
While Lin Yi was swindling money here, the others were not idle either.
However, it was not Liu Qing whom he longed for who made the noise this time, but Kalanick, who returned to the United States after giving up Uber A.
In June, Uber announced that it had completed countless rounds of financing, amounting to an astonishing US$3.5 billion, setting another single financing record for a non-listed company.
The victim of the attack this time was not Masayoshi Son, but the world-famous big dog owner, "A piece of cloth on my head makes me the richest in the world", pif from the Middle East.
One more thing, PIF also made an indelible and important contribution to SoftBank’s $100 billion Vision Fund, which should be bleeding money in a few years.
When Uber withdrew from the west coast of the Pacific, although it received certain benefits through the exchange with Liu Qing, it seemed like it was a dignified departure, but in fact it was a bit embarrassing.
As soon as this news came out, Kalanick became the most handsome boy in the village.
“Uber’s financing environment is really enviable.”
Lin Yi lamented this issue so many times that people around him were already immune to it when they heard this sentence.
Liu Jiani ignored him and talked about her own situation: "Our negotiations with SoftBank went relatively smoothly. The other party was indeed very generous. They only made demands on the quota and basically had no objections to the valuation."
"With Son's capital as the foundation, our current round of financing may be more successful than expected. In this way, we can at least ensure operational security for a long time."
"But I think that since SoftBank can give us so much money, Liu Qing will definitely not be stingy, and Xindudu's financing amount will definitely be higher than ours."
Lin nodded and said: "This is also expected. Although we are in tit-for-tat with her, we must also seek truth from facts."
At this stage of the industry's development, it is impossible for different investors to have wildly different valuations of the same company as in the early days.
There is a spectrum for valuation, and there is a spectrum for the amount of financing.
Liu Jianni just gave him a reminder, which was considered as expectation management for Lin Yi, and she was not complaining.
"If this is the case, then we will finalize the intention here as soon as possible, and then return to China to meet some other investors."
Lin Yi asked: "Do we need to go to the United States again?"
Liu Jianni thought for a while and replied: "I'll go there, you don't have to go. After so many rounds of financing in the taxi-hailing industry, there is actually not much room for international investors to continue to squeeze."
"Besides, Lin Yi, you don't seem to be quite comfortable with your status. With your current wealth, there is no need to do everything yourself."
"The United States is a very realistic society, and they will definitely respect this."
Lin Yi realized that what she reminded seemed to be a fact, but he just said lightly: "As long as you don't dislike my English."
The two laughed for a while, and finally decided to focus on domestic investors in the next stage to see if they could find a wealthy investor like pif.
…
When Lin Yi was discussing Uber's $3.5 billion, Liu Qing naturally noticed it, but their focus was different.
"I didn't expect Kalanick to be able to raise US$3.5 billion. It's just good luck that he came across PIF, otherwise he wouldn't have been able to afford this price."
"But if this happens, we will be under great pressure in this round of financing."
Liu Qing's words confused his subordinates: "After we merged with Uber, they have actually withdrawn from the market. Strictly speaking, the two parties are not competitors."
"Our financing limit only needs to exceed 10,000 miles of travel. Do we still need to compare with Uber?"
Liu Qing shook his head and said, "That's not how it was calculated."
"Why did Uber give us its business in this region? That's because this time last year, we received a one-time financing of US$2.4 billion."
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"At that time, they almost showed their financing capabilities as much as Uber's, so Kalanick lost confidence in competing with us in this region."
"Although he has withdrawn now, our goal this time is to establish an absolute industry advantage through the financing gap, destroy Wanli Travel's competitive confidence in one fell swoop like we did last year, and force him to appear at the negotiating table according to our ideas.
superior."
"Of course, even if he resists stubbornly, we still have enough ammunition to consume each other with him."
"The reason why we have to compare with Uber is because traveling thousands of miles is just a stumbling block for us, not our destination."
His subordinates understood. It seemed that Liu Qing was not just satisfied with being the leader in the mainland market.
"But don't we have an agreement with Uber to use their services directly outside the mainland?"
Liu Qing said nonchalantly: "We have many ways to circumvent such restrictions, such as establishing a new brand to be responsible for overseas business."
"In short, this situation is only temporary. I believe Kalanick will never think that he can sit back and relax with such a simple agreement. He is mentally prepared to continue to compete with us in areas outside the mainland."
Liu Qing also had another unspoken reason, which was that the reason why Cheng Wei left the company quietly and without making any noise was because her agreement to accept Uber's conditions was just a temporary measure.
Of course, Cheng Wei is the only one who has been eliminated, so such a promise is even more unbinding, but this is also Liu Qing's true wish.
She doesn't think that being the president of Xindudu will be her end, and she should deserve a new name that belongs only to her.
If this brand-new company in his hands becomes the world's number one taxi-hailing brand, then who will care who Cheng Wei is?
Even Cheng Wei himself would thank her.
"Jean, you are right."
This subordinate is very sensible, but he still has to fulfill his duties.
"But the amount of US$3.5 billion has far exceeded our existing financing intentions. According to the previous plan, it cannot be reached even if the undetermined amount is added."
"If we increase the financing target this time to US$3.5 billion or more, we may need more time."
Liu Qing was very decisive: "Then spend more time."
"Raising funds is not our primary purpose of this financing, and it is worth the extra wait for us."
"Don't forget that Wanli Travel's round at the beginning of the year has reached US$2 billion, and now it is also setting up obstacles for us to raise funds at the same time."
"Since Uber got 3.5 billion, let's get 4 billion. This amount should be enough for Lin Yi to understand the gap between us."