In the past few days, Mr. Chen’s WeChat account has been almost maxed out.
A large number of people who had joined WeChat before but had never contacted him came to Chen Dongcheng.
Even the milk tea owner sent a WeChat message to congratulate the establishment of Donghua Fund, and wanted to make an appointment with Chen Dongcheng to meet and invest part of it.
At first, Chen Dongcheng thought that if he encountered a bad situation, he would invest his own money to make up the total.
Looking at it now, it's completely unnecessary.
The fund licenses were purchased beforehand.
Talents are also readily available, and Li Changqing and others have rich domestic and foreign financial investment experience.
At least in the initial stage, Donghua Fund has no shortage of talents.
Chen Dongcheng had been thinking about how to help him solve some investment pressure at the lowest cost.
The emergence of the Vision Fund inspired Chen Dongcheng, but the real opportunity came when Didi was sold.
Without the performance of Didi's sale, even if Chen Dongcheng established a fund, it would definitely be in the cold.
Raising one billion US dollars is within Chen Dongcheng's control.
In addition to sharing the profits to these investors, this money is freely used by Chen Dongcheng's investment.
As long as the performance of the first phase of the fund is satisfactory, the raising of the second phase of the fund will be smoother.
The collection and inspection of high-quality projects are usually left to Li Changqing and others, and Chen Dongcheng ultimately decides whether to invest.
How glorious would it be if one day we could manage a fund with a scale of more than 100 billion US dollars?
…
July 15th.
Century Building.
Since morning, countless luxury cars have gathered.
The reporters outside were even more excited to take pictures of the many luxury cars.
"Is that the milk tea owner who came down from Bentley just now?"
"It must be him. I didn't expect him to come too."
"Who is that? Lei Jun from Xiaomi?"
"I didn't expect Lei Jun to come too. Let's see who else is the boss?"
"Hurry up and take a photo, it will be a hot search in a moment."
"Fuck! Look, that's Brother Ma!"
"Really! Why is Brother Ma here?"
"It is said that he and Chen Dongcheng are schoolmates."
"It's really lively today. There are so many big guys gathered here. It seems that the fund industry will be even more lively in the future!"
…
The conference room on the 24th floor of Century Tower.
Many big shots were chatting in twos and threes, sitting together.
The combined market value of these people's companies is more than hundreds of billions of dollars.
Brother Ma plays a very subtle role among these people.
He is the largest shareholder of JD.com, and to a certain extent, he is the boss of Milk Tea East.
"Dongcheng, it's a surprise for us guys to come here to support you, isn't it?" Brother Xiao Ma asked with a smile.
"Thank you very much to the seniors and seniors for their optimism in me. I will try my best to ensure that you get generous returns on your investment."
Chen Dongcheng behaved very modestly and was not complacent because he made a fortune from the Didi project.
Only when many investors exchange vague glances can fund managers ensure that their investments will not be wasted.
For the first batch of funds, Tengxun has no problem subscribing for US$100 million.
Brother Ma didn't dare to look down on his junior brother at all.
In the short video field, Douyin is losing ground to Kuaishou.
Daily active users have exceeded the 200 million mark many times, and the development is very strong.
The area that Tencent has always attached most importance to is the traffic-related industries.
In any industry that can be related to traffic, Tengxun will definitely appear.
But now the rise of short videos has made Tengxun really feel the crisis.
More and more young people complain that they can’t stop using Douyin, and that Douyin takes away WeChat’s time.
In the past, young people loved to browse Moments, often spending the entire night doing so. Nowadays, short videos are not as fun as Moments.
In the long run, Tengxun, which has no traffic, will naturally not be able to support its current market value.
However, Douyin has always been hidden by Chen Dongcheng, and there is no plan for external financing.
Kuaishou, which Tengxun invested heavily in, failed to live up to expectations and gave up its leading position in the short video field to Douyin.
Now there is an opportunity to indirectly hold shares in Douyin, which is a big temptation for Tengxun.
The purpose of the emergence of Milk Tea East is simpler. Jingdong needs traffic.
Not only Tengxun’s traffic, Douyin’s traffic is also very coveted by JD.com.
Establishing this relationship with Chen Dongcheng first will make it easier for him to speak up later.
Otherwise, it would be for no reason, and it would be strange for JD.com not to pay a high price.
As for diverting traffic from the Douyin product display window, Milk Tea East has never thought about it.
Pinduoduo is a company under the name of Chen Dongcheng. This diversion privilege was specially approved by Chen Dongcheng. Even Hong Jun did not dare to change it without authorization.
So many people gathered together, all with their own demands.
I not only trust Chen Dongcheng’s investment vision, but also consider cooperating with Chen Dongcheng in other aspects.
Chen Dongcheng thanked all the big guys who came one by one.
Everyone is very busy, so being able to spare time to attend the launching ceremony of Donghua Fund has given him enough face.
"Thank you very much for your support. I will do my best to invest in more potential projects and earn more income for everyone."
Peng Zhijian smiled and said to everyone: "We have great trust in Mr. Chen, especially since Mr. Chen invested 100 million US dollars himself. I think everyone is very relieved."
The investment composition of Donghua Fund is that Yuansheng Capital invested US$200 million.
JD.com, Xiaomi, and Tencent each invested US$100 million.
Chen Dongcheng invested 100 million US dollars himself.
The remaining funds are subscribed by other foreign fund institutions.
The first batch of US dollar funds were raised very smoothly.
In particular, a large number of well-known companies have appeared and attracted much attention.
After the inauguration ceremony of Donghua Fund, many bigwigs dispersed.
They are all very busy and have a lot of things to deal with.
Milk Tea Dong stayed, obviously he had business to discuss with Chen Dongcheng.
There is no need to go into too much detail about the history of Milk Tea East, it is an inspiring example of grassroots rise.
The best wave of opportunities on the Internet was caught by Milk Tea East.
As for marrying milk tea later, that is another interesting story.
The manipulation of pre-marital property is even more spectacular.
Liu Qiangdong smiled and said: "We are quite destined, both of our names contain the word "东"."
"It's quite fate. I haven't thanked Mr. Liu for his investment yet. I will play the game tonight and Mr. Liu will give me a favor?"
Chen Dongcheng couldn't figure out Liu Qiangdong's meaning, so he responded to all changes by remaining unchanged.
Liu Qiangdong waved his hand: "You're not in a hurry to eat, I want to talk to you about instant delivery."
"You say it, I'm all ears."
Liu Qiangdong smiled and said: "I have a subsidiary of JD Daojia. Mr. Chen should have heard of it, right?"
"Heard something."
Chen Dongcheng nodded, already guessing what Liu Qiangdong meant.
"Mr. Chen, just listen to it."
Liu Qiangdong smiled and nodded: "I would like to pay an additional US$200 million in exchange for 40% of Cao Cao Suda's shares on the condition of JD Daojia's business and JD Group's business resources. What do you think?"
This proposal is very interesting. JD Daojia is a relatively failed business incubated by JD.com.
Why do we say this? The core business of JD Daojia is divided into two parts.
One is the o2o business of the fresh food supermarket, and the other is the crowdsourcing logistics built for the o2o business.
Although the fresh food supermarket business is comparable to Aixianfeng in terms of order size, it is also in the midst of fierce competition.
If calculated based on a subsidy of 10 yuan per order, JD Daojia, with a daily order volume of more than 100,000, would have suffered a loss of 400 million yuan in 2015.
Which one is Love Fresh Bee?
It is a community fresh food delivery company that was eliminated after a short period of development.
They don't have strong capital support, and they build their own logistics and distribution teams. It would be strange if they don't die.
For now, JD Daojia is having a fierce battle with Aixianfeng.
At this time, Aixianfeng has burned more than one billion yuan, making it very uncomfortable to call JD.com.
As for the crowdsourcing logistics network built for the fresh food supermarket business, it is even more of a headache for JD.com.
Crowdsourcing logistics is a fire pit, and those who dare to step into it are companies that are confident in their own strength.
Looking around, the main players on this track are all magnesium groups. Are you hungry? Cao Cao is fast.
The number of crowdsourced delivery personnel of these companies has exceeded one million.
Waging a money-burning war with them will totally outweigh the gains and losses.
And judging from the order volume, JD Daojia is only a few tenths of Cao Cao's speed.
The chance of defeating Cao Cao and Su Da is almost zero.
Liu Qiangdong is keenly aware that his support for JD Daojia's business must stop and he cannot continue to burn money pointlessly.
Chen Dongcheng thinks Liu Qiangdong's quotation is very interesting.
First of all, he only wants 40% of the shares. Even if Cao Cao Suda loses money, it will not be included in JD.com's financial report.
The internal equity structure of Cao Cao Suda is that A-round shareholder Yuansheng Capital holds 10% of the shares, the option pool is 15%, and Chen Dongcheng holds 75%.
Even if the additional shares are diluted, Chen Dongcheng can still maintain his status as the largest shareholder.
Cao Cao Suda has obtained the business resources of JD Group again.
This kind of temptation is almost like feeding a piece of meat to the mouth of a jackal who is almost fainting from hunger.
Not to mention that there is still US$200 million in cash, which can greatly alleviate Cao Cao's financial situation.
The more I interact with them, the more I feel the depth of these big guys’ skills and calculations.
Just when Chen Dongcheng was sighing in his heart, Liu Qiangdong spoke again.
"In addition, I can help arrange a meeting between Mr. Chen and Wal-Mart executives."
"I believe Mr. Chen has the ability to win Wal-Mart's home delivery business."
Before the blow was finished, another tempting condition came out.
Shopping mall business like Wal-Mart is more attractive to Cao Cao Suda.
Supermarkets are inherently high-frequency consumers. If they can capture all of Wal-Mart's home delivery resources, Cao Cao Suda's order volume can be greatly increased.
"Mr. Liu, your quotation is good, but some details are worth discussing."
Chen Dongcheng was very calm, as if he was not tempted by Liu Qiang's conditions at all.
It was he who took the initiative, and it was Liu Qiangdong who came to ask for his cooperation.
Liu Qiangdong was a little surprised and shook his head with a smile: "Mr. Chen, you might as well tell me your conditions."
"First of all, business resources. All orders for Cao Cao's takeout business are delivered by Cao Cao Suda."
"Currently, Cao Cao Suda's daily order volume for takeout business is as high as 8 million."
Liu Qiangdong's brows twitched. They only got some relatively shallow data.
They knew that there was a big gap between JD Daojia's business and Cao Cao's Suda, but they never expected it to be so big.
The gap between JD Daojia’s average daily orders of 100,000 and the average daily orders of 8 million is 80 times!
Liu Qiangdong knows very well that logistics and distribution is an industry where the greater the order volume, the lower the cost.
By building the same delivery system, Caocao Suda saves much more money than JD Daojia.
This gap is even enough to drag down the parent company of JD.com.
“Secondly, you must have heard about Pinduoduo’s order quantity, right?”
When Liu Qiangdong heard about Pinduoduo, he frowned like a reflex and forced a smile: "The unit price is high, and the order volume is naturally dense. Mr. Chen might as well tell me how many there are?"
"The average monthly order volume is 400 million."
Liu Qiangdong lost his composure for the first time and asked in shock: "The average monthly order volume is 400 million?"
Although Liu Qiangdong knows that Pinduoduo’s unit price is very low, the order quantity may be terrifying.
But I never expected it to reach this level.
Because Pinduoduo’s order volume has surpassed JD.com.