Whether it is euphemistic or not does not affect the issue of distribution of interests.
Since Bolang is interested in getting involved in the Weibo business, it has naturally already prepared an internal investment plan and investment model.
At what price to get the shares, detailed reference and calculation have been made.
How many shares to take is up to Wen Liang’s own judgment, and the reference value is no less than 10%.
Before mentioning this matter, Wen Liang had already read the summary information from all aspects. He naturally had an idea in mind, and without much hesitation, he bluntly stated: "20% of the shares of the new company."
"We will devote resources to ensure that Weibo's business can be listed in the United States as soon as possible."
Zhang Sanshi raised his eyebrows slightly, the amplitude was very small and difficult to detect without paying attention. Obviously, he was somewhat surprised by the gentle lion's open mouth.
20%, a full fifth of the share, does not leave much for everyone.
Although an IPO will increase the number of shares issued, the ratio will never exceed a fixed number of 100%.
Even if the IPO is diluted in equal proportions, since this is obviously a Pre-IPO financing round, the proportion of 20% that can be diluted is very small.
Shen Nanpeng was obviously a little surprised by this number.
On the contrary, Liu Chiping, who raised this question, was not too surprised. He had interacted with Wen Liang a lot, so he could still get some sense of Wen Liang's background.
Yes, Wen Liang is a person who values cooperation and win-win, but this win-win also includes himself.
Otherwise, it would not be called win-win cooperation, but charity.
Judging from the investment that Bolang made in this investment transaction to even endorse Weibo’s listing in the United States, the Pre-IPO round accounting for 20% is not too much.
Therefore, Liu Chiping expressed his attitude: "We have no objection here. Bolang needs to spend resources to integrate Weibo business, which will also help sort out resources and make value more concentrated."
Zhang Sanshi and Shen Nanpeng exchanged glances without revealing anything, and then Zhang Sanshi spoke first: "I will coordinate with Sina Director Cao."
"I'm going to coordinate the resources of all parties here." Shen Nanpeng followed.
The two sang together, expressed their respective attitudes, and agreed with Wen Liang's proposal.
They have two plans.
The first is to take advantage of Bolang's investment in the Weibo business to unwind part of their shares. This is a last resort choice.
The second is to coordinate in the middle to achieve a balance of interests in all aspects.
After all, to be honest, Wen Liang's initiative to propose a solution to the Weibo business is great news for them, and it is also a model case for everyone to cooperate and make a fortune.
As for the past, Bolang took Sina Weibo and Baie Weibo, two sub-businesses that were originally combined with a combined valuation of at least US$4 billion, and brought them to a point where the total valuation cannot even be negotiated at US$2 billion. It's better to forget things like this.
After all, you have to understand the fragility of Internet business.
Besides, Wen Liang is a serious person who sells favors. At least he can rescue Hillhouse and Sequoia from the investment quagmire of Weibo.
As for who pushed them into the quagmire in the first place, just forget it selectively.
Who hasn’t been beaten while out and about?
right.
Profit comes first Profit comes first.
………
In the afternoon of that day, Wen Liang led a few people to Sina Weibo in a swaggering manner.
Cao Guowei personally came to receive him.
Keep me company.
The first time I met the gentle Mr. Jia in person, I felt very sad at this moment, and the smile on his face was very 'bright'.
Cao Guowei greeted warmly: "Welcome to visit our company, Mr. Wen."
"Welcome, Mr. Wen." Mr. Jia also said.
Wen Liang took the initiative to reach out and shook hands with Cao Guowei and Mr. Jia, and said enthusiastically: "Thank you, thank you, Mr. Cao."
He added: "This is our first meeting, Mr. Wang, please take care of me."
Mr. Jia quickly said: "Mr. Wen, please take care of me."
About half a year ago, he also thought about crushing that damn Bolang Little Orange Book, and then striding into Bolang's office area to enjoy the fruits of victory.
However, today is different from the past. Bolang, which seemed to be easily crushed at first, has become a giant in the Internet industry.
Any slight disturbance can excite industry personnel.
Mr. Jia knows this very well.
What Mr. Jia knows better is that whether he is sad or not does not matter in this matter at present, and interests are the most important thing.
With the mediation of Shen Nanpeng, Zhang Sanshi, Liu Chiping and other investors, Bolang's investment in Weibo was quickly finalized and a memorandum of cooperation was finalized.
Sina Weibo and Baie Weibo will be independent from the original companies and merged to form a Weibo company.
The two parties have exchanged resources and officially launched the product name "Weibo" without the prefix.
Wen Liang attended the internal merger ceremony.
After financial consolidation and accounting, the newly formed Weibo company has a post-investment valuation of 12.1 billion yuan, approximately 1.93 billion U.S. dollars.
Everyone is happy.
That night, a group of relevant personnel held a banquet to celebrate Weibo's move into a new era.
…………
After the party was over and he returned to the hotel, Wen Liang listened non-stop to the summary reports of each team.
Yuan Shiya led the team and basically finalized the second group studio.
He is an overseas returnee with a master's degree from the Federal Institute of Technology in Zurich (ETH) who specializes in computer system architecture.
On the other hand, Ma Wenhou’s work has been very rewarding.
If all parties can reach an agreement, the returnee will also share some academic and research resources with a certain university.
This is the big cooperation framework that Bolang needs.
Copy the cooperation model between Bolang and Huagong and use the academic and research resources of universities to achieve better results.
So far, progress has been pretty smooth.
In addition, there are recent developments in the corporate development department. Because Bolang is willing to open up the [massive value] platform, many self-consciously qualified companies have taken the initiative to approach Bolang.
Some companies are not headquartered in Beijing, but this does not affect their enthusiasm.
Of course, the corporate development department has also taken the initiative.
The results will not show up so quickly for the time being.
After all, normal investment business will go through rounds of consultations. Of course...if Mr. Wen is willing to take action, this process can definitely be accelerated.
For example, Weibo business.
But of course Wen Liang would not come forward for ordinary tens-of-million-level business or even ordinary billion-level business.
…………
…………
On Saturday, Wen Liang took the initiative to invite Lei Jun to have a cup of tea together.
Lei Jun was very considerate and went to the meeting with Lin Bing.
On the contrary, Wen Liang was alone.
After the inevitable pleasantries, Lei Jun said with a smile: "Mr. Wen has done a lot of things in the capital this time. I heard that he has brokered a lot of business affairs."
In addition to unavoidable pleasantries, business exchanges are also unavoidable.
Wen Liang also had a smile on his face: "Every little movement is thanks to the big bosses."
"Speaking of which, I really didn't expect Mr. Wen to be very familiar with the investment field." Lei Jun boasted again.
Hearing this, Wen Liang hurriedly said: "I don't dare to praise Mr. Lei like this. No matter what industry he is in, Mr. Lei is my senior and idol."
"Mr. Wen is too generous." Lei Jun said in a calm tone.
Speaking of which, Boss Lei’s experience was very exciting.
A talented young man with a background as a programmer, he was the CEO of Kingsoft before founding Xiaogaoliang and had a profound influence on the domestic Internet industry.
In addition, Boss Lei is one of the first batch of angel investors in mainland China.
He has invested in many companies, the most prominent of which recently is YY Live, which is already on a road show and is basically scheduled to land on the U.S. stock market late next month.
When Boss Lei started doing angel investing, Wen Liang was less than ten years old.
When Boss Lei resigned as Kingsoft CEO, Wen Liang had just entered high school.
When Boss Lei founded Xiaogaoliang, Wen Liang was preparing for the college entrance examination, but there was no rush.
Now that the Mi series of mobile phones created by Boss Lei are booming in the domestic market, Wen Liang has just started investing in the business and is working hard to develop the mobile phone business.
However, Wen Liang's net worth is much higher than Boss Lei's statistics.
Moreover, Boss Lei’s current net worth mainly comes from Jinshan instead of Xiaosorghum, which is very interesting.
After all, as far as Wen Liang knows, during this period, the valuation of small sorghum was actually between US$5 billion and US$7 billion, but it is not yet clear because the investment has not been completely finalized.
Wen Liang and Lei Jun went around twice to exchange greetings.
Then Wen Liang said straight to the point: "I would like to ask Mr. Lei, what does Mr. Lei think of the domestic mobile phone market?"
Lei Jun was not surprised by this. In the last phone call, Wen Liang had stated that Bolang was interested in getting involved in the mobile phone industry. He sorted it out a little and replied: "It will go through a short period of chaotic development, and various manufacturers will segregate the market from each other. I think in the end it will only be There will be only a few players left."
Hearing this, Wen Liang simply said bluntly: "As far as I know, there are many large companies in the capital that are interested in developing mobile phone business. Even Lao Luo, who teaches English, has frequently publicly stated his intention to build mobile phones. Mr. Lei thinks there will be some remaining manufacturers. "
Lei Jun was a little uncomfortable with Wen Liang's direct remarks for a while, and quickly answered: "It's hard to say. After Apple set off the wave of the smartphone era, the industry is changing rapidly, and it is difficult to understand the future."
Speaking of this, Lei Jun also bluntly expressed his "fear": "We are also trembling and walking on thin ice."
Wen Liang kept asking questions as if he didn't know what was going on: "What aspect of longevity does Mr. Lei think this industry compares to?"
Lei Jun didn't understand Wen Liang's intention, so he just followed the lead and said: "If I must say it, I think it is the intensity of capital investment and profit output."
"Motorola and Nokia are both suffering from unsatisfactory financial statements, not that they cannot continue to do business."
Wen Liang showed a clear face: "That's it, thank you Mr. Lei for your advice."
Lei Jun waved his hand quickly: "Mr. Wen is too polite, let's communicate with each other."
Later, Wen Liang mentioned another thing: "When I came to Beijing this time, I heard that China Mobile found your company at the beginning of the year. I hope your company can make a TD mobile phone and drive the domestic industry chain."
Lei Jun told the truth frankly: "That's right, the development is not going well. The first-generation product has been released, but it is not ideal. It should not be launched until the middle of next year."
Wen Liang changed his mind and said in a serious tone: "If there is an opportunity, I hope to cooperate with your company. We have conducted cooperative research with Huagong on IC design and done some design and development of components."
Hearing this, Lei Jun's expression changed and he said with a smile: "If Mr. Wen is interested, we will find a time to visit your company's product line in IC design."
Wen Liang said: "Welcome to your team."
"..."
Until they got into the car with Lin Bing and left, Lei Jun and Lin Bing didn't understand what medicine Wen Liang was selling in his gourd.
In the car, Lin Bing asked directly: "What exactly does Mr. Wen mean this time?"
"I'm not sure. Now it seems that the rumors may be true. Bolang has invested a lot in the mobile phone business." Lei Jun could only say this.
Lin Bing was also a little dumbfounded: "Mr. Wen seemed to be learning from his experience, but he didn't expect that it ended up being a sales pitch."
Lei Jun said: "Bolang has a high probability of acquiring Star Studio. If it invests heavily in hardware, it will most likely be the most competitive among new players!"
"It's not like playing for a ticket." Lin Bing mused, "I couldn't tell much from the first contact, but his vision is definitely not simple, he is more talented than you were, and his appearance in the capital this time is also very extraordinary;
Not to mention Hillhouse, Sequoia, and White Goose, today many parties are trying to make excuses for him, just saying that he has easily completed the integration of Internet business after opening up, and the Weibo business can be said to be played by him in the palm of his hand."
Lei Jun just hummed, said nothing, and frowned.
He didn't understand what Wen Liang was doing.
Wen Liang actually didn't have any complicated ideas. He just felt that the public had always said that Boss Lei had no structure, so he went straight to the test.
Judging from Boss Lei's attitude, his judgment on the market is quite accurate, but he lacks judgment on the external environment.
This may be related to Xiao Gaoliang's easy access to overseas investments such as Temasek.
However, a smooth financing environment does not equal other aspects.
As for promotion.
This is normal.
Bolang Lab's non-core hardware development and Huagong IC Lab's are not just for free. Apart from SoC, it's easier to burn money on other things.
At this stage, there are no technical bottlenecks, only patent barriers, and they are mainly concentrated on baseband patents.
There is really nothing to say in this regard. 1G, 2G, and 3G have been around for so many years, and there is nothing we can do except pay patent protection fees to Qualcomm and other companies.
For 4G and 5G, we can only say that we will take our time. Bolang Labs is also burning money.
Li Ze was not idle either.
After Wen Liang decided before the holiday that it was time to burn money, Bolang cooperated with the domestic industry chain through internal development and was able to provide almost a complete set of chips required by smartphones at this stage.
Including but not limited to baseband, power management, radio frequency, power amplifier, audio and video decoding, Bluetooth chip, front-end module.
Of course, among all these products, the only ones where Bolang really invests its energy are related to baseband communications.
Other aspects are investment and cooperative development, which is not difficult.
In addition, SoCs that are not self-developed and only partially designed have also been tape-out by TSMC.
Batteries are provided by the domestic supply chain.
As for the three major components of memory, flash memory, and screens, they mainly rely on Samsung Electronics at this stage, and related cooperation plans with other manufacturers are still under internal consideration-
