Chapter 465 [Children only choose adults and want all of them]
Chapter 465 [Children only choose, adults want them all]
Saturday, March 19th.
A message posted by Kunpeng Technology on its official Weibo account caused quite a stir in the investment circle. The Weibo revealed that the company had completed Series A financing, with the financing scale being 2.1 billion yuan, or approximately US$319 million.
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As soon as the news came out, technology media rushed to quote the report, the VC industry turned their attention, and colleagues in the drone field were shocked.
The Series A financing of US$3.19 has set a new record for the largest single investment scale in the industry globally.
Almost everyone who paid attention to this news was talking about which VC institution it was, because Kunpeng Technology’s Weibo only disclosed the size of the Series A financing the company had received, but did not disclose the specific investors, nor how much it sold.
Equity.
Some people thought of Qunxing Capital, which has "foolish people and lots of money". If it was attracted by this investment giant who was not short of money, then this would be normal.
But that afternoon, the answer came out.
Chu Changxing, founder and CEO of Kunpeng Technology, posted a message on his personal Weibo account:
[I met with God K on Tuesday, and the Series A financing talks went very smoothly. God K valued Kunpeng Technology at 10.5 billion. To be honest, I didn’t expect Kunpeng Technology to be so valuable in the eyes of God K. Looking back on the past ten
Yue, God K is undoubtedly a veritable leader of the Kunpeng Technology team. If Kunpeng Technology could not survive without K God’s 10 million, what the founders of us were thinking about at that time was to prepare to apply for jobs in DJI.]
Chu Changxing's Weibo is not very popular, with less than 500,000 followers, more than half of whom are attracted by K God, and the other followers are many fans in the aerial photography circle.
However, when he posted this on Weibo, it really shocked people in the venture capital circle.
Unexpectedly, it was not Qunxing Capital, but K3478, a talented person. What was shocking was that K3478 actually valued Kunpeng Technology at nearly 1.6 billion US dollars. Many people in the investment circle speculated that this company’s financing this time may be invested by investors.
Completely acquired directly.
He is also a stupid person with a lot of money!
Unexpectedly, 2.1 billion only requires 20% of the equity. This has confused people in the investment circle. Some netizens are also happy to hear about it. There are also many comments under Chu Changxing's Weibo, and there are also many spicy comments.
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[@K3478, God K, why are you so awesome...(laughing and crying.jpg)]
[As expected of God Kai!]
[Laughing, if Dajiang sees this Weibo, he will hate K God to death. Xiao Chu is not honest, and backhandedly backstabs the sponsor’s father.]
[DJI is very angry (manual funny). If K God hadn’t given 10 million to renew his life, this team would have defected. Kunpeng’s first-generation product might have been DJI, and it turned out to be a powerful
opponent.]
[When I saw the news from Guanbo Jun this morning, I thought the investor was Qunxing Capital, but it turned out to be K God?]
[I think, in terms of Kai, K God and Star Capital are really on the same page.]
[I used to think that K-God would be overturned if he played venture capital in the primary market, but I didn’t expect that he actually made a fortune. Kunpeng Technology is definitely on the top, but having said that, K-God, you can’t stop being so arrogant, I can’t stand it anymore.
All...(face covering.jpg)]
[Friends and business colleagues were dumbfounded, thinking that Kunpeng Technology’s capital chain was about to collapse, but God K took another sip at the critical moment, and a huge one at that.]
[The key is, with God K’s attitude, if he spends the 2.1 billion, he will spend more than 2 billion if he buys it later. After all, he has already spent so much money. If he doesn’t care, he can’t spend all the previous investment.
Water drift.]
[The pressure is on DJI.]
…
Pressure is indeed coming to DJI. Kunpeng Technology has received such huge financial support that it can maintain losses for a long time without making profits and continue to expand. Now is an incremental market, and DJI's performance has not been affected by the rise of Kunpeng Technology.
But the problem is no longer in the present, but in the future, and it is foreseeable.
If this continues, Kunpeng Technology will expand its borders to DJI's territory sooner or later, and it will be inevitable to face direct competition by then.
The question before DJI now is, Kunpeng Technology’s strategy of sacrificing profits to seize market share. Will DJI follow it? Or not?
If you don’t follow, it will be cannibalized by the other party sooner or later. If you want to follow, DJI will have to bring in capital.
As long as it starts to burn money, it will definitely need capital support. DJI's current profits cannot withstand the offensive of Kunpeng Technology. They have raised an astronomical figure of 2.1 billion in one wave of financing.
This is the effect that Fang Hong wants, only children choose, adults want them all.
DJI was not very interested in capital before. Qunxing Capital wanted to invest in DJI before, but was declined by the head of the company. At that time, it did have the confidence and was not short of money, so it did not need financing.
However, things are different now. Kunpeng Technology has emerged. As long as DJI’s management team is determined and enterprising, they will definitely accept this big move from Kunpeng Technology. If they don’t want to accept it, they will be forced to accept it.
Follow up and burn money.
Fang Hong is just waiting now, waiting for when DJI's cash flow will no longer be able to support it, and when it has to introduce capital, then Qunxing Capital can enter the market smoothly.
In the field of commercial drones, Kunpeng Technology is on the left and DJI Technology is on the right.
Just ask how to lose? You can’t lose!
Maybe DJI Technology will lose, maybe Kunpeng Technology will lose. It's possible for either of them to win, but Fang Hong always wins no matter what.
If nothing unexpected happens, the future structure of the commercial drone market will most likely be that the boss and the second are fighting like crazy, and then the third, fourth, fifth, sixth, etc. will disappear from the market inexplicably.
If it disappears, even if it is better, it will be classified as a dispensable "other" item.
It is worth mentioning that Kunpeng Technology has been “noted” by partners such as Chung Tai Capital, Perennial Capital and other Star Capital partners.
In the eyes of many outsiders, Kunpeng Technology's financing was the handiwork of K3478, a talented person, but there are gaps in the information. Institutions such as Perennial Capital are obviously closer to the truth. They regard K3478, a blogger, as a member of Qunxing Capital.
It’s considered based on operating accounts.
Or to put it more directly, they invested money in Chu Changxing as Qunxing Capital.
This company is probably going to be listed on the A-share market, so cooperative institutions such as Zhongtai Capital have silently put a "note" on the company. Besides, they are not sure whether this company can be launched.
But does it matter?
As long as the company is listed and Stars Capital is willing to take care of it, they can rest assured to carry the sedan chair. In the eyes of Liu Qizheng, Xiao Quan and others, even if it is just a garbage shell company, as long as Stars Capital is willing to promise to take care of it, they will dare to support it ten times or even higher.
This has to be said about the content of the cooperation between the two parties. Cooperating institutions such as Perennial Capital and Zhongtai Capital are responsible for making markets for listed companies whose core assets are in the A-share market.
For example, if they raise the price-earning ratio of a listed company of Galaxy Group to 60 times, the valuation bubble in it must have a price-earnings ratio of 20 times. If this company can digest and fill the valuation bubble of 20 times price-earnings ratio through value growth in the future.
If so, then everyone is happy. No one loses anything and everyone makes money. Naturally, everyone is happy.
And if the value growth of this company in the future does not absorb this 20 times price-to-earnings ratio, then Stars Capital will have to come out to take care of the bottom line. Because of this, institutions like Zhongtai Capital dare to support it without any worries. Anyway, Stars Capital will
reveal all the details.
For Qunxing Capital, it has not spent a penny on market value management. It only makes verbal promises to allow other capital institutions to achieve their own strategic goals. As long as there are no problems in those listed companies, Qunxing Capital will not have to take cover.
When it comes to finance, you should first use other people's money to do your own things, and use your own money to protect yourself from unnecessary use.
Of course, Star Capital's verbal promises are also very valuable. They are supported by the credit of this non-bank financial giant. A promise is really worth thousands of dollars, which is no exaggeration.
