In the large conference room of Xianyu Company, Zheng Ge was silent while listening to Meng Tongfeng's narration.
Everything sounds optimistic.
It can be said that Xianyu is currently thriving.
However, he felt that Xianyu’s steps were a bit too big, and I’m afraid...
Not long after, Meng Tongfeng finished speaking.
"Mr. Meng said it well." Zheng Ge took the lead in applauding.
After the applause, Zheng Ge said again: "Finance Department, please tell us about the company's financial situation. The company has launched so many new projects recently, is there any financial pressure?"
The director of the financial department is a woman in her 40s.
Hearing Zheng Ge's question, she pushed up her glasses on the bridge of her nose and reported in a leisurely manner: "Mr. Zheng, for the time being, the company has sufficient funds. However, according to the upcoming project budget,
It seems that funds are somewhat tight. At present, the company’s books..."
The other party quickly reported the financial situation, and Zheng Ge listened in silence.
In order to introduce traffic, Xianyu launched a large number of activities, which resulted in very limited profits for the company, which were basically supported by financing.
Internet companies are like this. In order to attract traffic, they basically make no profit in the early stage, or even lose money.
Just like Meituan in its previous life, it has a market value of nearly HK$600 billion and an annual turnover of 65.2 billion, but it is still in the red.
This is true for similar Internet companies.
Valuations are skyrocketing, one by one higher than the last, but there is indeed a big problem with profitability.
Of course, this doesn't include gaming companies.
Zheng Ge estimated that Xianyu Company would launch a new round of financing soon.
Next, each department reported the situation separately.
After the meeting, Zheng Ge and Meng Tongfeng came to the president's office.
…
"Brother Zheng, try the delicious new tea I got."
In the office, Meng Tongfeng poured a cup of tea for Zheng Ge.
Zheng Ge took a sip and nodded, "Yes, it's good tea."
Meng Tongfeng smiled and said: "Brother Zheng, some shareholders of the company proposed to convene a board meeting a few days ago. What do you think?"
"Then let's do it." Zheng Ge took a sip of tea and said nonchalantly: "What do you think is the purpose of their proposal to convene a board of directors?"
"I don't know yet." Meng Tongfeng shook his head and said with a smile: "It doesn't matter, anyway, we have more than half of the board seats."
Zheng Ge nodded.
There are nine directors on the board of directors, in addition to several external shareholders, who occupy five seats.
Even if at the board meeting, some directors mention any plans that harm their interests, it will be fine if they are not passed.
Therefore, Meng Tongfeng's control over Xianyu is very strong.
In addition, in the shareholders' meeting, Meng Tongfeng also has one-vote veto power and multiple-vote power.
Among the top management, Meng Tongfeng also has a particularly high authority. Most of the senior executives were promoted by Meng Tongfeng.
Of course, there is also a supervisory board in the company, which has some restrictions on Meng Tongfeng's rights.
After chatting for a while, they talked about the issue of the company's listing.
"At present, the company is far from ready to go public." Zheng Ge waved his hand and disagreed with the listing.
Xianyu has just received its A-round financing.
The round he originally invested in was equivalent to a seed round.
Later, Taobao Group’s financing was an angel round.
Later, there were pre-A rounds and A-round financing.
The current valuation of Xianyu has reached US$7.2 billion, equivalent to.
This development speed is like riding on a rocket.
You know, it took Xianyu five years in the previous life to reach a scale of 100 billion.
But this world, from the establishment of Xianyu to the present, has reached a value of 50.6 billion in only about two years.
If we follow this pace, the 100 billion goal will be achieved in about 4 years.
Of course, this is only theoretical.
Perhaps, it doesn’t take four years, but only three years, which means that by the end of 2021, it will be possible to achieve the 100 billion goal?
These are all speculations. Shopping malls are like battlefields and are changing rapidly. What accidents may happen?
Although Xianyu is the leader in the current second-hand goods trading market, other platforms cannot be underestimated.
Just like the e-commerce market in the previous life, Alibaba, JD.com and other major e-commerce platforms were originally the dominant ones, dominating the domestic e-commerce market.
As a result, in 2015, Pinduoduo suddenly appeared.
Within a few years, it caught up with platforms such as JD.com, leaving countless people stunned.
"Yeah! I feel the same way, but some shareholders can't sit still." Meng Tongfeng said with a sneer when Zheng Ge said this.
"Don't worry about them." Zheng Ge waved his hand and said, "If there are any problems that can't be solved, just tell me."
"With your words, I feel relieved." Meng Tongfeng joked.
"You kid." Zheng Ge shook his head, looked at the time, and said, "Okay, it's getting late, let's go have lunch. I have to go back to the Magic City in the afternoon."
Meng Tongfeng was a little reluctant to give up, and thought about getting drunk with Zheng Ge tonight.
Although I had a drink with Zheng Ge a few days ago, Xi Meng was also there at the time, so I didn't feel like I was enjoying the drink.
"How about playing for a few more days?" Meng Tongfeng said.
Zheng Ge shook his head, "I've been out for a week, and it's time to go back. There are a lot of things waiting to be dealt with at the group. If we stay here any longer, Lao Guo and the others will go crazy."
Meng Tongfeng smiled when he heard this. He no longer tried to persuade, so he nodded and said, "Okay, I'll see you off in the afternoon."
"Okay."
Zheng Ge stood up.
Meng Tongfeng also stood up and left the office with Zheng Ge.
…
They did not go to the company canteen, but came to a restaurant not far from the company, ready to try local specialties.
This hotel is small in size, with only two facades.
But the decoration is very exquisite.
In other words, low-key luxury.
The decoration alone is estimated to cost at least 500,000 yuan.
I heard from Meng Tongfeng that the main delicacy here is West Lake Vinegar Fish.
Speaking of which, Zheng Ge is also a frequent visitor to Jiangnan City, but he has never tasted the special West Lake vinegar fish here.
According to Meng Tongfeng, the West Lake vinegar fish served in many restaurants nowadays is not very authentic. To put it bluntly, they are using the West Lake vinegar fish as a guise to deceive foreign tourists.
"You mean, the West Lake vinegar fish here is more authentic?" Zheng Ge joked, sitting in a corner.
"Yes, the ingredients and techniques are absolutely authentic. By the way, Brother Zheng, have you ever eaten fish from Huxin Island?" Guo Ya said with a smile.
"Um!"
Zheng Ge nodded and said: "It seems to be last year's New Year's Day. I came to Jiangnan City with Yutong and the others. Your secretary took us to visit the West Lake, to the island in the middle of the lake, and tasted the grilled fish there, which was very good. By the way,
Your secretary’s name is Liu Ya, right? Why didn’t you see me this time? She won’t resign, will she?”
His memory is very good. Even though a year has passed, he can recall it quickly.