For Xianyu, if it can obtain financing from Penguin Group, it will be very beneficial to its development. Penguin Group is one of China’s Internet giants, and its channels and resources are not comparable to those of Xianyu at present.
Even friends network can't compare.
But for now, Xianyu has not yet reached the stage of financing.
Because Xianyu’s development has not yet encountered a bottleneck.
So Zheng Ge refused without hesitation.
"Is that so?"
Jiao Wenbo was a little disappointed.
After exchanging some pleasantries, Jiao Wenbo hung up the phone. He looked at the middle-aged man sitting opposite him, talking to each other, and said regretfully: "Old Lin, he refused without any hesitation."
This person is Lin Dong, director of the investment department of Penguin Group.
Lin Dong is the director of the investment department and holds the title of vice president of the group. He is one level higher than Jiao Wenbo. Jiao Wenbo can only be regarded as a middle-level leader of the Penguin Group, while Lin Dong is a senior leader of the group.
But the two of them have a very good personal relationship.
The investment department planned to raise funds for Xianyu and knew that Jiao Wenbo and Zheng Ge had been in contact, so they came here to inquire about the situation.
As a result, Xi Meng happened to call and ask questions, and Jiao Wenbo took the opportunity to bring up the financing issue.
"Old Lin, is the company so optimistic about the spare goods market?"
Jiao Wenbo asked curiously.
"It's not that the company is optimistic, it's that the market is optimistic. The investment department has done market analysis and risk assessment. Don't underestimate this market. Once it is started, it is likely to become a trillion-dollar market in the future."
Director Lin Dong said.
"Trillion market?"
Jiao Wenbo took a breath, calmed down, and said: "Zheng Ge controls the majority of Xianyu's equity. He doesn't agree with it. Even Meng Tongfeng, the founder, can't do anything about it. In other words, the financing is likely to fail."
Lin Dong nodded and took a sip of tea.
"Old Lin! Since the group is optimistic about this market, we can do it ourselves! With the funds and channels of our Penguin Group, are we afraid that we won't be able to do it?" Jiao Wenbo said with some confusion.
Why do you need to raise funds?
Wouldn't it be enough to just copy one?
Of course, calling it copying is a bit exaggerated. After all, the Internet patent law is there. Blatant copying will not work, and some changes need to be made.
Director Lin sighed, "Oh! Lao Jiao! You should know that to do the market, it is not enough to have funds and channels. In the Internet industry, our group will follow suit in various markets. For example, e-commerce, webcasting, we have
A lot of resources were invested in development, but the results..."
Director Lin shook his head. Penguin Group has done e-commerce. It is said to be one of the five major e-commerce platforms in China, but what is the real situation? It is half dead. It can be said that it has lost in the e-commerce market.
As for the live broadcast, I even competed with Yao Yao.
As a result, both Penguin and Yao Yao lost, and only Shark Live successfully rose.
Later, Penguin Live merged into Shark Live and became the dominant player in the online live broadcast industry. Penguin Group used the Penguin Live platform to invest in Shark and became a family, so it was not considered a complete defeat.
Only Yao Yao was defeated and retired.
"Idle goods trading is a new market. It belongs to an alternative e-commerce platform, but the model is different. The new market represents unknown risks. We don't know whether this model will be accepted by people? Although there is Xianyu in the front
The development momentum of Pathfinder is also good, but Xianyu is too small after all.
It is impossible to see the future of this market based on Xianyu. In fact, the group has prepared two plans on this matter. The first is to raise funds for Xianyu, preferably as a controlling shareholder. The second is to invest in our e-commerce
We will revise the platform and use the foundation of the e-commerce platform to trade idle goods," said Director Lin.
"So, the group has completely given up on the e-commerce market?"
Jiao Wenbodao.
"It's not considered to be giving up. Idle goods trading is also a type of e-commerce. Taobao, Yigou and other companies have become popular. It's difficult for us to compete with these companies in the e-commerce market. It happens to be idle goods trading.
The emergence of this can be regarded as finding a way out for our e-commerce platform." Director Lin Dong said with a smile.
Without the existence of a natural rival like TT Group, Penguin Group might have struggled in the e-commerce market.
But there is no way, the TT Group is the natural enemy of penguins.
At its core, Penguin is instant messaging.
Engaging in e-commerce and live broadcasting can only be regarded as expanding territory, and it doesn't matter if it fails.
If we lose in instant messaging, it will be a disaster for Penguin.
Jiao Wenbo nodded, remembered something, and said: "Speaking of Xianyu, I think of a similar platform."
"You mean 'borrow', right?"
Director Lin Dong smiled.
"Yes."
Jiao Wenbo nodded.
"The major shareholder of the borrowing platform is Modu Jiancheng Capital. The founder only holds 10% of the shares, and his rights are basically emptied."
Director Lin sighed, "Young entrepreneurs! They don't know the power of capital at all. In the early days of starting a business, they only knew how to ask for money. Looking back, it's too late to regret it. But in an innovative company, the founder has lost his rights.
It is also very detrimental to the development of the company. By the way, I heard that Zheng Ge’s investment company, Xianyu, also has a very large shareholding ratio?”
"Haha, yes, it is said that it has also reached 90%. However, Zheng Ge is different from Jiancheng Capital, otherwise Friends Network would not be able to develop to its current scale. There is a faint trend of threatening our Penguin."
Jiao Wenbo laughed.
"That's true." Director Lin nodded, "But a company with too concentrated ownership is always a hidden danger."
Jiao Wenbo nodded, shook his head and smiled: "Okay, let's not talk about others. As for borrowing, doesn't the group have any plans to acquire it?"
"How could it not be? But the rights of the founder were excluded. Our investment department contacted Jiancheng Capital, and the other party agreed to sell the shares, but the asking price was too high. Do you know how much they valued the loan?" Director Lin said.
"How much?" Jiao Wenbo was curious.
"One billion."
Director Lin took a deep breath.
Jiao Wenbo: "..."
The valuation of the borrowing platform is not as good as Xianyu.
The valuation of Xianyu is only 100 million, and Borrower wants 1 billion. This is too big a deal.
…
Hangzhou, Friends Network Company.
"Next, we will cooperate deeply with Penguin Group to seize the opportunity. Use Penguin Group's channels to develop Weibo."
In the office, after ending the call with Jiao Wenbo, Zheng Ge said to Xi Meng.
"Um!"
Simon nodded, she was quite satisfied that this matter could achieve such a result.
"I have an appointment with Meng Tongfeng tonight. Let's have dinner together tonight."
Zheng Ge said again.
"OK."
Simon nodded.
Although Friends.com has already had some cooperation with Xianyu, it is only preliminary. She and Meng Tongfeng have never met in person. The current cooperation is only because of Zheng Ge.
Without Zheng Ge, there would be no intersection between Friends.com and Xianyu.
…
In the evening, Zheng Ge and Xi Meng drove to a hot pot restaurant on the edge of the West Lake.
When they arrived, Meng Tongfeng had already arrived and was waiting for them in front of the hotel.
"Brother Zheng, Mr. Xi."
Meng Tongfeng stepped forward and shouted.
"Let's go in."
Zheng Ge looked Meng Tongfeng up and down. A few months had passed, and the youthfulness he had when he just left campus had disappeared, but the introversion and shyness still existed.
This is not a shortcoming either.
The three of them walked into the hot pot restaurant and didn't even take a private room. They found a slightly secluded corner in the lobby and sat down.
Before Zheng Ge and Xi Meng arrived, Meng Tongfeng had already ordered the bottom of the pot. Zheng Ge and Xi Meng could just order some of their favorite dishes.
The bottom of the pot started boiling, and the three of them began to chat while eating.
After a while, he was sweating profusely.
At this time, a quarrel came over, interrupting their chat, and they looked up to hear the sound.
"Eh!"
Looking up, Zheng Ge was stunned for a moment. He didn't expect that the person arguing over there was an acquaintance.
Zheng Ge turned his head, looked at Meng Tongfeng, and said with a smile: "Tongfeng, what a coincidence!"
"What a coincidence."
Meng Tongfeng, who was originally smiling, his face darkened.
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