Chen Dongcheng remembers that the boss of his company said with emotion: "It is almost impossible to escape the radiation range of AT when starting a business in the domestic Internet field. Once the field you start a business in is a battleground for AT, it is often difficult for you to decide your own destiny."
Before 2011, Tencent mainly focused on mergers and acquisitions and was very aggressive, causing dissatisfaction among many entrepreneurs.
At that time, Ahri seemed more friendly and focused on financial investments.
But by 2013, the two companies were completely opposite.
Tengxun began to take a soft route, mainly investing in leading companies in various fields.
As long as there is potential to become an industry leader, Tengxun will get involved.
Ali, on the other hand, completely reversed its strategy and began to build an e-commerce empire around the industrial chain, constantly acquiring companies to expand and improve its business.
Peng Zhijian joined Tengxun and worked his way up to the position of deputy general manager. He is a man of courage and vision.
Just like Shangdong Technology, after Peng Zhijian noticed it, he immediately contacted it in order to seize the opportunity.
Peng Zhijian is very optimistic that Sundong Technology can become a leader in the field of Internet fitness.
That's why I visited in person, just to gain a foothold in the Internet fitness field.
It doesn't matter whether they make money or not. Tengxun and Ahri are like two aircraft carriers. They definitely need to buy a bunch of frigates related to their main business.
Like keep, they may be their relatively remote frigates. Although they are far away, they may not have much strategic coordination.
But the biggest role is to take advantage of it, once Ahri has the idea of entering the Internet fitness field.
The keep that accepts Tengxun's investment will take the initiative and strangle the other party in the cradle without mercy.
This is the advanced gameplay of Tengxun.
Chen Dongcheng is also envious, but with the little funds he currently has, he simply cannot make such a layout.
"Mr. Chen, we are willing to offer you a valuation of US$30 million and invest US$10 million in you."
Peng Zhijian got straight to the point, keep is now a good project and many people are optimistic about it.
But now that Tengxun has taken action, he will not give this opportunity to others.
In just over a week, the valuation has tripled. This is the charm of the Internet.
"Mr. Peng, I heard that your company has been in contact with Didi about Series C financing?"
Chen Dongcheng did not answer in a hurry, and Peng Zhijian was confused by the question.
"It's in contact."
There are no secrets in the mobile travel market today, and Kuaidi and Didi are inextricably competing.
The fight between Ali and Tenxun is even more fierce in the mobile travel market.
"Mr. Peng, Didi's Series C valuation should exceed one billion US dollars, right?"
Peng Zhijian nodded: "That's for sure. We are very optimistic about Didi. During the B round, I personally arranged the meeting between Xiao Ma and Cheng Wei."
When Cheng Wei raised the B round of financing, he really wanted to join Ali.
However, Ah Li had already bet on someone who would start his career quickly in Hangzhou, so Cheng Weicai had to make the decision to join the Tengxun family.
Peng Zhijian's thinking was quick and he had already noticed what Chen Dongcheng meant: "Mr. Chen is also interested in Didi?"
"That's right. I wonder if it's not convenient for Mr. Peng to take me into the car?"
Chen Dongcheng did not hide it. This matter must be approved by Peng Zhiji.
Peng Zhiji was a little stunned. He never thought that he would invest in Shangdong Technology, but he was talking about investing in Didi.
"Mr. Chen, with all due respect, the amount of funds raised by Didi in Series C is not a small amount."
Chen Dongcheng understood that Peng Zhijian had some doubts about whether he could come up with such a large amount of funds.
"I predict Didi will raise US$100 million in round C, and I think Tengxun itself won't be able to afford it, right?"
Peng Zhijian smiled and shook his head: "That's for sure. We will invest 40 million US dollars. If Mr. Chen is really interested, I can help match him."
Tengxun will definitely continue to increase its investment in Didi, but Tengxun has already invested in the B round.
According to the rules, Tengxun will not choose to lead the investment in round C, but will follow the investment.
The valuation is not determined casually, but by the venture capital institutions that lead this round of investment.
Tengxun thinks there is no problem and then invests.
Peng Zhijian also gave Chen Dongcheng a chance, but what faced Chen Dongcheng was how to get 60 million US dollars.
360 million!
Where to get it?
Chen Dongcheng felt worried, but his face was calm: "Then it will be troublesome for Mr. Peng."
This time it was Peng Zhijian's turn to be surprised and looked at Chen Dongcheng with deep meaning.
"Mr. Chen, I don't have much time left for you. Originally, CEFC Industrial Fund also planned to invest.
I can help, but you only have one week.
In addition, you also need to inquire more about Huaxin Industrial Fund."
Must raise 360 million within a week!
"Mr. Peng, please rest assured."
Chen Dongcheng gritted his teeth and nodded heavily, which made Peng Zhijian feel respectful.
Today’s mobile travel market is in chaos.
Even within Tengxun, they are not sure whether Didi can make it to the end.
But since Ahri had already bet on being fast, even if he knew Didi would lose, Tengxun had to make a desperate move.
However, Chen Dongcheng does not think Didi will lose.
Compared with Didi’s valuation of tens of billions of dollars in the future, the valuation of one billion US dollars can be doubled dozens of times.
Now that Bitcoin has not entered the bull market, Chen Dongcheng naturally aims at Didi.
After talking about Didi, keep seemed a little boring.
It’s not that Chen Dongcheng looks down on his own company, it’s just that the size and scale of the two companies are incomparable.
Didi completed its C round of financing and was directly promoted to a unicorn company.
And keep is just a small company that has just received Series A financing, and is at most a little better than other startups.
With the temptation of Didi, Chen Dongcheng is also willing to ride on the aircraft carrier of Tengxun.
Anyway, keep Chen Dongcheng isn’t too optimistic about it, and is still planning to approach Tengxun to take over the business in the future.
"Congratulations to Mr. Peng, and congratulations to Tengxun for becoming the company's second largest shareholder."
The next negotiations about keep mainly revolve around some specific liquidation rights, dividends, board of directors composition and the like.
Luo Yunqi had experience in this area and prepared an investment term sheet, which Peng Zhijian signed.
On behalf of the next 60 days, Shangdong Technology shall not have contact with other venture capital institutions.
Of course, if Tengxun chooses to default, there are no restrictions. This is also a point where many entrepreneurs are very helpless.
"Okay, then I'll leave first. I have to meet Cheng Wei on the evening flight."
Peng Zhijian is very busy. At his position, he needs to evaluate the potential of a lot of companies every day.
In addition to the partners who can make the decision, companies with real potential must be made by him personally.
Didi is one of the companies that Tengxun currently attaches most importance to, and now Didi is also in a quagmire.
Kuaidi had recently received a large sum of funds from Ahri and was aggressively planning to liquidate Didi.
Cheng Wei also became nervous and quickly prepared for Series C financing.
Therefore, Peng Zhijian is right, Chen Dongcheng's time is really tight.
In a week, Peng Zhijian probably talked too much.
The conditions offered by Peng Zhijian were not the best, but they were within the acceptable range of Chen Dongcheng.
Peng Zhijian still insisted on valuing Shangdong Technology at US$30 million, investing US$10 million, accounting for 25% of the shares.
Chen Dongcheng reserved 15% of the shares as an option pool to reward old employees and senior executives who would join in the future. After financing, Chen Dongcheng held 60% of the shares of Shangdong Technology.
Tengxun only has one board seat, but Peng Zhijian agreed to give the voting rights to Chen Dongcheng.
Tengxun only cares about the potential of the invested companies and is not very keen on controlling the company.
This is also the reason why Tengxun is increasingly favored by startup companies.
Every entrepreneur doesn’t want his or her company to fall into the hands of others and end up being kicked out.
Chen Dongcheng is not that obsessed with keep, but he will never allow it with Little Blue Book.
The potential of Little Blue Book is equivalent to six keep.
Which one is lighter or which one is more serious? Chen Dong’s composition is clear.
Peng Zhijian is really optimistic about Shangdong Technology, and he also said that the funds will be transferred to Shangdong Technology account as quickly as possible.
With US$10 million, Sundong Technology can further distance itself from other competitors and take great strides to develop and grow.
…
Peng Zhijian walked away very gracefully, while Chen Dongcheng frowned in the conference room.
It wasn't until Zhuang Manting knocked on the door and walked in that Chen Dongcheng came back to his senses.
"What's wrong? Are you worried?"
Zhuang Manting sat next to Chen Dongcheng, and gently pressed her green jade fingers on Chen Dongcheng's temples.
"nothing."
Zhuang Manting just held Chen Dongcheng's hand, and Chen Dongcheng's frown gradually eased.
"We have just reached an agreement with Tengxun. They will invest 10 million US dollars, accounting for 25% of the shares, and entrust us with the voting rights."
Zhuang Manting's fingers paused for a moment, and then continued to press slowly: "Their price is not the highest, you must have other reasons, right?"
For example, Bestaman’s Ji Tianfan previously offered a valuation of US$35 million this time, and planned to invest US$15 million in Shangdong Technology.
"Well, I want to invest in a project with Tengxun. Accepting Tengxun's investment is one of the conditions."
Now that Didi has completely aligned itself with Tengxun, if Chen Dongcheng wants to invest, Tengxun must speak up.
This is a rule, and Peng Zhijian also believes that Chen Dongcheng understands it.
As long as Tengxun opens his mouth, Cheng Wei may choose Chen Dongcheng and reject the investment from CEFC Industrial Fund.
Zhuang Manting suddenly nodded: "Then I understand."
"By the way, you can go out with me later."
Chen Dongcheng suddenly remembered that neither Zhuang Manting nor Song Meng had any real estate tied to them.
This was obviously an opportunity to make money, and Chen Dong Chengdu almost forgot about it.
"Where are you going?"
“Portofino Pure Waterfront.”
After Chen Dongcheng finished speaking, he took Zhuang Manting to Portofino.
If there are luxury residential areas in Shenzhen, the Overseas Chinese Town area is definitely one of the best.
In 2013, the average selling price in Portofino was 270,000 per square meter.
A few years later, it would double.
Of course, finding a house must be left to a professional agent.
Chen Dongcheng’s request is very simple, it must be a single-family villa near the lake.
What’s the point of buying a villa in OCT if it’s not close to the lake?
The intermediary company was contacted, and the whole company was excited. This was a rare big order.
Zhuang Manting was hesitant to talk all the way, and she felt a little depressed while looking at the house with the agent.
"Mr. Chen, this compound No. 46 covers an area of 555 square meters, with four floors and a private garden of 1,000 square meters.
The top-to-bottom renovation has been completed, with a rooftop garden, north-south transparency, and a brand new rough house.”
The manager of the intermediary company came forward and introduced me respectfully all the way.
Chen Dongcheng ignored him and looked at the house with peace of mind.
Living near the water, the villa is like a paradise in the busy city, isolated from the hustle and bustle.
Land in the core of a city like Pengcheng, where land is at a premium, is rare.
The rare single-family villas facing the lake can even be built with private docks.
Sitting in front of my yard and fishing on the lake.
Maybe the simple and boring life of rich people is just that.