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Chapter 391 Xu Xin

 For the domestic investment circle, last year (2005) was a very important year, because several all-powerful big names settled in the mainland market.

For example, Zhang Lei of Hillhouse Capital, Shen Nanpeng of Sequoia Capital China Fund, and Xu Xin of Capital Today.

Here is a brief introduction to the model:

The so-called investment institution is more like a "fund management and operation" institution, with various sources of funds.

For example, Xu Xin founded Today Capital, but the source of funds came from British government funds, the World Bank, etc. These institutions handed her a certain amount of money and allowed her to invest in the mainland and obtain income.

Xu Xin is from Chongqing, and his father is the top leader of the National Heavy Duty Truck Group.

I worked in a bank, and later entered the investment circle. Successful trading cases include Wahaha, NetEase, and China Talent Network. Last year, I became independent and established Today Capital.

In 2007, Liu Qiangdong, who was desperate, had a meal with Xu Xin, chatted about his entrepreneurial process, and finally said that he wanted 2 million US dollars.

Xu Xin directly gave him 10 million US dollars, helped Liu Qiangdong step by step to improve the company structure, and also recommended a senior talent in charge of marketing, Xu Lei. Later Dongzi abdicated and Xu Lei became the president of JD.com.

No one knows the truth, but there are various discussions.

When JD.com was listed, Capital Today held 7.8% of the shares, making it a major shareholder.

Now, Yao Yuan was not surprised that the other party came to him. It would be strange if he didn't. There were only a few major domestic Internet companies, so they immediately made an appointment to meet.

…………

No. 1 Jianwai Street, China World Hotel.

This is a platinum five-star hotel opened in 1990. It is even more impressive than a five-star hotel. It has received dozens of heads of state and government and is known as the "Second State Guesthouse".

Yao Yuan was still driving the old Accord. He got out of the car and looked up at the building. He saw a curved screen-like building that felt quite oppressive.

He has been here.

When she has nothing to do, Dai Yinyin tries out all the high-end places in Beijing, from Diaoyutai to Beijing hotels, as long as she spends money to get in. There is no need to be deliberate about living a luxurious or frugal life, just do what you want, even if you have lived in Diaoyutai. He brings a bowl of braised food.

After entering the hotel, we found a restaurant called "Coffee Garden".

As soon as we entered, a short woman wearing a red top with a strong face came up to us and said with a smile: "Mr. Yao!"

"Mr. Xu!"

When we met for the first time, we shook hands and said we had long admired each other.

Yao Yuan looked at the other person, and suddenly remembered that when the Magic City was closed down in later generations, this person asked to buy bread and milk in the WeChat group, which made a lot of netizens angry, saying, "The Magic City is the Magic City, and the Queen of Venture Capital also has to buy bread in a group!"

What is this called?

This is the pain of the rich and the comfort of the poor.

"Coffee Garden" is mainly about buffets, with an open kitchen and eight work tables. Chefs wearing white work clothes and high hats cook and eat freshly made food, and rhythmically put out all kinds of delicacies.

If you make an appointment at a cafeteria, you may want to have a more relaxed atmosphere.

There were both Chinese and foreign dishes. Yao Yuan first saw that the steak was pretty good. After taking it, he found salmon and took a portion. Then he saw another pot with a sizzling pot inside and a sign on the outside:

Malaysian braised pork!

Hey, he went over and asked, "What's in here?"

"Fat sausage, eggs, elbow scallops...anyway, it's different from local braised dishes."

"So can braised pork from other places come to Beijing?"

"You can come in if you have a pass, want a bowl?"

"One bowl, one bowl!"

Yao Yuan returned to his seat happily with a bowl of Malaysian braised pork, and he also didn't forget to order a handful of barbecue skewers. Yes, there are also barbecue skewers.

The desktop is filled with blinking eyes.

"..."

Xu Xin looked at what was in front of him: a piece of steak, a piece of seafood, and a glass of wine. Then he looked at the other side. He was eating like a folding basket.

The local tycoon is called: True temperament, not stick to trivial matters.

The poor cry: It's embarrassing and you can't get on the stage.

Of course, Yao Yuan was informal. He picked a piece of sausage that was hot and refreshing, and said with a smile: "I have heard a bit about Mr. Xu's investment style, which mostly ended up in rounds A and B. I guess you didn't make the appointment with me today because of Maiwo Mall?"

"There are no absolutes in anything. The mall has developed so well, so it is not impossible to make exceptions."

"Then you have to make a big bet. This year I am preparing to hit 1.5 billion in sales!"

Why don’t you, your special wife, go to heaven?

Xu Xin wanted to roll his eyes when he heard it, but he quickly went through it in his mind and realized that it was really possible.

According to the data released by the mall, Meizu miniplayer sold 500,000 units in the first two months of the year. It was a big hit before the Spring Festival, with 400,000 units sold in half a month.

Because it’s the Chinese New Year, if your children want it, if your own children don’t want it, other people’s children also want it, so you can give it as a gift.

Miniplayer alone has sales of more than 500 million!

But it is a pity that the mall has entered the third round of financing, and it is a bit late to enter the game. She is not here for the mall. She said: "Mr. Yao's strength is obvious to all, and I naturally believe it, but today I am here for the Maiwo community."

Come."

"I'm very sorry, I have no idea of ​​financing."

"I heard that you have always refused community financing. Can I know the reason?"

Yao Yuan smiled but did not answer.

Xu Xin also smiled and began to tell that investors need to tell stories to paint the pie, but sometimes investors also need to tell stories to paint the pie.

“After 9/11 happened in the United States, the blog craze started and quickly became popular all over the world.

Just speaking, East Asia, Japan, South Korea, Hong Kong and Taiwan are all very popular, but mainland China is not. No one has invested in blogs, but it has never caused any splash, and even if it has, it will be quickly extinguished.

I was very curious and found out that the source was an Internet celebrity named Mu Zimei.

At that time, Mu Zimei posted an article on Mai Wo, which caused a sensation on the entire Internet and attracted a large number of users. After Mu Zimei, almost all topics, hot spots, and controversial figures were covered by Mai Wo.

Once or twice, it can be said to be a coincidence.

But for one or two years, it can only be said that it was intentional. It can even be said that 90% of the reason why blogs have not become popular in mainland China is because of your existence."

"I feel ashamed after hearing this. Are you praising me or hurting me?" Yao Yuan picked another piece of sausage.

"I'm weird..."

Xu Xindao: "99% of domestic Internet products are copied from the United States, so our investors are very surprised. You seem to have anticipated the short-lived glory period of blogs and have been working on a new type of online social networking from the beginning.

The new social network in the United States started with Facebook, a company founded in 2004, so you were 2 years early.

Facebook now covers 2,000 colleges and high schools. It just rejected a $750 million acquisition, and its valuation has doubled.

And your community, with 60 million users and over 20 million monthly active users, is even more unique in terms of topicality and public opinion orientation. But today, it is at a critical stage, with bottlenecks above and pursuers below.

The Internet user base in mainland China is your bottleneck; due to the huge potential of Facebook, international capital has paid attention to new online social networking, which is its pursuit.

As far as I know, there is currently a new product called Xiaonei.com, and Chen Yizhou also founded 5Q.com. Chen Yizhou is very capable of attracting investments and will definitely be your enemy!"

(besides……)


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