The two sides of the venture capital formally met to discuss. In a conference room, after Shiyao met with the founder of Jingdong, they exchanged a few pleasantries and then said bluntly: "...I won't beat around the bush. Stars Capital plans to give
Jingdong Rong US$300 million.”
At this moment, not only Da Qiangzi was present, but also Jingdong's assistant to the president and chief financial officer. They were also surprised when they heard Shi Yao's wealthy attitude.
Three hundred million U.S. dollars, enough to buy Jingdong.
Da Qiangzi was much calmer. He said: "Three hundred million US dollars is too much. The entire Jingdong may not be worth that much money at the moment. If your company wants to invest in Jingdong, it should be enough for us to accept US$75 million."
Shi Yao smiled and said methodically: "This is not a surprise for Mr. Liu. Let me tell you why Qunxing gave this number. Jingdong's model requires building warehouses, logistics centers, etc. in big cities. The 7,500 you mentioned
Ten thousand dollars is not enough to test this practice. Entrepreneurs often overestimate their abilities and underestimate the difficulties they face."
Da Qiangzi was very surprised that Qunxing Capital actually recognized Jingdong's model. You must know that most domestic investors are not very optimistic about it, and he is often criticized by the founder of Alibaba.
There is no way that Mr. Ma is so eloquent and debating that many industry exchange conferences have become a foil to Mr. Ma.
In fact, Shi Yao also has reservations about Jingdong's business model, but this was the investment requested by Big Boss. The words used to communicate with Da Qiangzi are all prepared by Big Boss in the materials, and Shi Yao also refers to the materials to start.
.
After a while, Shi Yao said again: "You think 75 million US dollars is enough, which means you have not seen clearly the difficulties and challenges of what you want to do. What Jingdong is doing is an extremely money-consuming business. I
If you don’t deny this, then you can’t build your core competitiveness without spending enough money on logistics and supply chain. Jingdong needs so much money, so we will invest so much money.”
Da Qiangzi couldn't help but fell into deep thought. He also knew that the investors of Qunxing Capital spoke to his heart.
Shi Yao added: "If Qunxing Capital gives you US$300 million, Jingdong will be able to quickly establish an unshakable leading position in the B2C e-commerce field in a very short period of time, and even to some extent, it will also deter future companies."
Capital is invested in competing companies in this field, thereby strengthening Jingdong’s market position.”
Finally, after talking about the carrot, it was the turn of the stick. Shi Yao directly said harshly: "Either you accept the investment scale of 300 million US dollars, or I, Qunxing Capital, will not invest a penny, but we will use this money."
Invest in your direct competition company, and completely copy your Jingdong business model, because we are also optimistic about this model. Star Capital has more money than anything else. $300 million is not enough. We can continue to spend another $300 million.
."
Well……
Da Qiangzi and others were stunned by these words, and for a moment they were speechless to refute.
Not much else but more money!
Not many people can say something like this and be convincing, but Star Capital definitely has the qualifications to say this, and Daqiangzi definitely believes it.
Because Qunxing Capital made a big move last month, that is, its layout in the commercial aerospace field. Its Jiuzhou Blue Arrow announced that it will invest tens of billions in research and development every year, and will invest hundreds of billions in ten years.
This incident caused a sensation in the investment and technology circles in November, and was reported on the front pages of various media organizations. The Great Qiangzi also heard about it.
Who in today's venture capital world doesn't know that Qunxing Capital is a super VC institution that is so rich that it has no friends. The money is just like the wind blowing, and it is thrown away without blinking an eye.
More than 200 billion is a small amount of money for Qunxing Capital. If Jingdong really wants to expand into the B2C e-commerce field, if Jingdong does not accept it, if a competitor obtains financial support from a master like Qunxing Capital who spends money without blinking an eye, he will definitely
Enough for Jingdong to drink a pot.
On the contrary, by accepting the investment from Qunxing Capital, Jingdong can almost take off on the same spot. Da Qiangzi also knows that what Shi Yao said is correct. With the financial support, Jingdong can quickly establish itself as an unshakable player in the B2C field in a very short period of time.
The leading position can also deter capital to a certain extent from investing money in competing companies.
After all, other VCs still have to think carefully about burning money with Qunxing Capital. For other investors, it is better to follow Qunxing Capital to Jingdong's car, so that Jingdong's competing companies can realize their profits.
If the financing ability is curbed, Jingdong will receive continued support from capital.
Although the Great Qiangzi did not express his position directly, he basically knew how to choose.
…
One week later, on Saturday, December 19th.
Jingdong officially announced that it has received an investment of US$300 million from Qunxing Capital to complete the C1 round of financing plan, equivalent to approximately RMB 2 billion. This financing case has created the largest single financing scale for the domestic Internet this year.
As soon as the news came out, it shocked people from all walks of life in the Internet and investment circles.
Everyone was shocked by the operation of Qunxing Capital. When many people in the industry saw this news, they repeatedly confirmed that Qunxing Capital did not directly buy Jingdong, but financed Jingdong.
However, the specific amount of equity transferred is unknown, because Jingdong, including Qunxing Capital, has not disclosed it to the outside world. Everyone is very curious about the valuation Qunxing Capital gave Jingdong. It must be far higher than the US$200 million currently given by the industry.
Already.
Entrepreneurs and investors all bowed to Qunxing Capital. This money was spent without blinking an eye. It once made many people dream of going back to the years when the Internet bubble burst in the millennium.
You must know that the world has just experienced a financial crisis, and it is really excessive for Star Capital to spend money like crazy at this time.
The current Jingdong, the former Jiuzhou Blue Arrow, the one before that was the purchase of film and television rights, and the one before that was the investment in Xingyu Technology, Quantum Beat, etc., all of them are extremely generous, and each one is more outrageous than the last, and the other one stands out as arrogant.
Putting aside the merger and acquisition case of Hengtong Pharmaceutical Group, entrepreneurs found that Qunxing Capital is really a proper angel investor.
Many people watching the excitement have seen the recent operations of Qunxing Capital. Jiuzhou Blue Arrow has entered commercial aerospace, and now it has invested 2 billion in Jingdong. Netizens have ridiculed that this is aerospace + Jingdong, Mars times
Rida, this is to adjust the pace of Interstellar Express.
However, after being surprised by the generosity of Qunxing Capital, industry insiders later predicted that this investment would definitely be in vain. The reason was still that they were not optimistic about Jingdong's business model.
And he also used the arguments that the founder of Alibaba complained about before. Not to mention that in the future, Jingdong’s courier salary of hundreds of thousands or even hundreds of thousands will be enough for the company to make a profit, and profitability will become an unattainable dream.
Currently, I can’t come up with any reliable profit plan.
However, this cannot change Da Qiangzi’s persistence. Public opinion from the outside is not the focus. The recognition of Jingdong’s business model by his father, the financier of Qunxing Capital, also gives Da Qiangzi great confidence.
Qunxing Capital has once again attracted attention from the outside world. Everyone can't figure out how this lightning-rising investment institution can have so much money. It seems that it can't be spent all, and each one is more scary than the next.
What most people in China are familiar with Qunxing Capital is that this investment institution has made a lot of money in overseas capital markets and also made a lot of money in the A-share market. It successfully bought more than 1,660 points at the bottom, and now it seems that it has made a lot of money.
There seems to be an answer to where Stars Capital’s money comes from, it’s from the stock market.
…
But speaking of the recent A-share market conditions, during the financing period between Qunxing Capital and Jingdong, Big A began to fall again, especially this Thursday and Friday, which fell by -2.34% and -2.05% respectively, and the market index dropped from 3300 points.
It fell to the 3100-point water mark.
Now that the market has come out, let alone the previous high of 3478 points, even the second high of 3361 has become a new pressure platform, and the market has become increasingly weak.
At around 11 a.m. on Tuesday, December 22, the A-share market was in the middle of intraday trading, and a major negative news came out. According to insiders, Qunxing Capital was pessimistic about the market outlook and had fully cleared its A-share positions.
The market cashed out.
Affected by this news, the A-share market, which had just traded red at 11 o'clock, fell back and accelerated its dive when the market opened in the afternoon.
Obviously, the news that Qunxing Capital liquidated A-shares triggered a flight of funds. If the news is true, it means a large-scale flight of hundreds of billions of funds. The impact on the market is conceivable, including the loss of confidence.
blow.
Qunxing Capital alone has done so much, what about other institutions?
Regardless of whether the news is true or not, after it comes out, you have to spend money first before talking about it.
As a result, today's market fell below the 3100-point platform support. As of the close, the Shanghai Stock Exchange Index fell -2.32%, closing at 3050.52, setting a new low in the near future.
