"I believe you already have the answer in your mind, so I will give you a lowest price.
We hope to obtain a valuation of no less than US$30 billion and sell 10% of the equity in the first round.
In addition, investors and employees of Xiaolanshu and Keep will be exchanged for shares of Cao Cao Entertainment in equal proportions based on their respective valuations."
After Hong Jun finished speaking, he looked at the many investors quietly.
Everyone's expressions were a little complicated, and they were obviously hesitant to follow up.
Valuation depends entirely on how the invested company negotiates with the investment institution.
If the initiative is in the hands of the invested company, the equity will definitely be a rare commodity and the valuation will definitely not be low.
This is the current situation of Cao Cao Entertainment.
With so many investors interested in participating, even if the valuation is slightly higher, it is not unacceptable.
"We at Sequoia are willing to accept this valuation. If you don't mind, we at Sequoia would like to lead the Series A investment in Cao Cao Entertainment."
Shen Beipeng was the first to speak, and immediately wanted to pick the big head off.
Wei Zhen, President of Warburg Pincus in China, immediately sneered: "Mr. Shen is too greedy. We at Warburg Pincus are also very optimistic about the prospects of Cao Cao Entertainment and we also want to lead the investment."
"Cao Cao Entertainment is one of the few good projects in recent times, and we at Temasek also want to lead the investment."
Wu Yibing from Te Ma Xi appears to be relatively gentle and laughs whenever he sees people.
But that's just an appearance. Everyone knows that this person is not a good person.
Investors from other institutions are a little confused at this time.
Their ability to enter the conference room proves that the capital strength behind them cannot be underestimated.
Even so, the valuation of Cao Cao Entertainment is too high for them.
It even makes them afraid to make decisions without permission.
Hong Jun nodded slightly and asked with a smile: "Thank you Mr. Wu, Mr. Wei, and Mr. Shen for being optimistic about Cao Cao Entertainment.
I don’t think it would be better for you three to be the lead investors and each take 2.5% of the equity.
The remaining equity will be divided equally among other investors, what do you think?"
Shen Beipeng smiled and shook his head: "I have no objection."
"Me too."
"Me too."
Wei Zhen and Wu Yibing shook their heads at the same time.
For them, each investment of US$750 million is not a small amount.
No matter how much, the risk is greater.
"Then I would like to congratulate the three of you in advance for becoming shareholders of Cao Cao Entertainment."
Hong Jun thanked the three people with a smile and began to put pressure on others in the conference room.
"Mr. Peng of Yuansheng Capital, because he had an agreement with Director Chen in advance, will also get 1% of the equity."
"The real equity left for everyone to share is only 1.5%."
"What?"
"Too little!"
"That is, is Mr. Chen going to stop being accommodating?"
Originally they were hesitant just because of the valuation, but they didn't expect that only 1.5% of the equity was left for them to share.
Then why are you still hesitating?
Grab it quickly!
Shen Beipeng and the other three were a little surprised and looked at Peng Zhijian curiously.
Peng Zhijian nodded to them, smiled and cupped his hands.
From their perspective, they can naturally see how strong Cao Cao Entertainment will be in the future.
It is no exaggeration to say that it is definitely the prototype of an entertainment empire.
Including long and short videos, browsers, maps, fitness and other tracks.
It is simply the perfect path for the development of a giant.
Good projects must be advanced even if their valuations are high.
Don’t throw away a penny for a bad project, even if the valuation is cabbage price.
This is something everyone understands when they get started.
But if you really want to follow it, it is extremely difficult.
"Mr. Hong, I am from GGV Capital and I want 0.5% of the equity."
"Mr. Hong, I am Gao Zhen Capital, and I also want 0.5% of the equity."
"Mr. Hong, our GGV has been following the Douyin project for a long time, and we must leave 0.5% of the equity!"
…
For a moment, the conference room was like a vegetable market, noisy.
There are many well-dressed investors, but how can they be calm at all?
Although I feel a little embarrassed inside, what is shame at this time?
That's garbage.
Only tangible benefits are the most precious.
Shen Beipeng and the others had a hint of mockery on their lips. Anyway, the four of them were sitting on top of the mountain.
In the end, Hong Jun carefully selected the three institutions that were the most powerful and could provide the most resources.
They are Gao Zhen Capital, IDG, and GGV Capital.
Although the other investors were a little reluctant, they could only watch as the vice presidents of the three companies shook hands with Hong Jun in relief.
"I am very grateful to other investors for their recognition. Although we failed to cooperate successfully in this round, it does not mean that we will still not have a chance in the next round of financing."
Hong Jun thanked all the investors present.
Representatives of various capital companies who failed to invest successfully left in a hurry.
…
"Come out!"
"Eh? The Jinsha River was also passed?"
"Damn it! Look at the faces of these investors, they definitely didn't get any benefits."
"That's right. I don't know what's going on inside, and I feel really itchy."
Many employees outside witnessed how many investors left with gloomy expressions without saying a word.
But inside the conference room, it was still not over.
Hong Jun took out the investment agreement he had prepared in advance, and the heads of the seven institutions who were left behind were all carefully reviewing the terms.
Although it was a clause they had read hundreds of times, they were extra cautious this time.
Because the project they are about to sign involves a super unicorn with a valuation of US$30 billion!
"Swish, swish, swish!"
The conference room was very quiet, the only sound was the signatures of Shen Beipeng and others.
Hong Jun and other last investors stopped writing and said with a smile: "Congratulations to all of you for becoming the 'reserve' shareholders of Cao Cao Entertainment. I hope that your funds will arrive as soon as possible. Director Chen and I have prepared a celebration banquet tonight. I hope you can appreciate it." .”
"Definitely, we at Sequoia will receive all the funds into our account within a week."
Shen Beipeng responded happily.
"The same goes for us."
Not to be outdone, other investors also issued commitments.
"That's good. Thank you for your hard work. I'll inform the outside employees first. Please forgive me."
After Hong Jun finished speaking, he left directly.
Chen Dongcheng continued to chat and laugh with several investors in the conference room.
…
Outside the conference room.
Many Douyin employees gathered around them almost immediately, "Mr. Hong, what's going on?"
"Everyone must be mentally prepared."
Hong Jun sighed deliberately, making a group of employees extremely nervous.
What they are most afraid of hearing is the news that Douyin’s financing failed.
“After the board of directors decided to combine Douyin, Xiaolanshu, keep and other business lines to establish Cao Cao Entertainment.
I serve as the chairman of Cao Cao Entertainment and the CEO of Douyin.
Cao Cao Entertainment’s Series A valuation is US$30 billion, congratulations to everyone!”
Hong Jun finished speaking with a smile, waiting for the employees to digest this shocking news!
"Holy shit! Did I hear that right? A valuation of US$30 billion?"
"Pah! I'll give you a slap, you heard me right."
"What a shame, how many times have the stocks in our hands increased?"
"Even if the salary for those who join later is tripled, I can't even think about the first batch. If this goes public, how many millionaires will it create?"
"It's so scary, but I really like it!"
"I envy those big guys with the highest job numbers. Are there any who are not married? Can their gender not be so rigid?"
…
The employees were whispering to each other, and the excitement seemed to be contagious, permeating everyone's face.
"Okay, don't get too excited, everyone. As long as you work hard, when the company goes public, the rewards you will get will not be less at all."
Hong Jun said a few words briefly, handed over a few senior executives, and continued back to the conference room.
At the same time, news of the establishment of Cao Cao Entertainment spread rapidly to the outside world.
This is what Hong Jun and Chen Dongcheng want to see.
It's nothing to hide and hold it, this time it shows its fangs directly.
Doesn’t Tengxun want to subsidize Microvision 4 billion?
Chen Dongcheng wanted to see how much money Tengxun was willing to lose on Weishi.
The employees of Keep and Super Orangutan looked at the news with their mouths open.
Consider again the mysterious and secretive executives of late.
Oh my god, it was a huge surprise for them!
Even the employees of Little Blue Book were in disbelief.
From a company with a valuation of US$3 billion to an employee of an Internet giant with a valuation of US$30 billion.
The kind of coolness that comes with big companies is intoxicating.
Think about chatting with classmates, "Hey, I've been having bad luck recently, my company has been merged."
"Why are you so unlucky? What will be the future of your company after your merger?"
"It's not bad, the valuation has increased tenfold."
"Damn it, did you step on shit?"
Just thinking about similar conversations makes me smile from ear to ear.
The charm of major Internet companies goes far beyond the confidence brought by the company's strength.
Just the synergy effect brought by several companies now has already made the outside world feel like a looming threat.
Cao Cao comments, 10 billion US dollars.
Cao Cao Finance, US$15 billion.
Cao Cao Entertainment, US$30 billion.
At this point, the three giants under the Cao Cao Group have taken shape.
Some netizens curiously compared the current market value and valuation of domestic Internet giants and came to a surprising conclusion.
Cao Cao Group ranks seventh in the country!
Looking at the heads of the top ten Internet giants in China, Chen Dongcheng is undoubtedly the youngest!
However, since none of the companies under his name are listed, it is difficult for the outside world to accurately judge Chen Dongcheng's personal wealth.
But according to information provided by some well-informed people, it will be at least no less than 30 billion US dollars.
What is this concept?
According to the Forbes list released in October this year, Chen Dongcheng's net worth has ranked second in the country, only behind Lao Wang.
Considering that Lao Wang was suppressed, his assets began to shrink crazily.
Whether it can maintain its number one position in terms of value next year remains to be seen.
In any case, simply considering his net worth, Chen Dongcheng has left behind his peers around the world.
Envious people want to find Chen Dongcheng’s black spots.
What popped up instantly was the news about the Cao Cao Charity Foundation.
Come on, this person is not evil.
It's not that they can't be hacked, the tap water on the Internet can spray them to the point of autism.
These days, there are too many rich people.
But there are very few people who have both money and love.
Even rarer than the national treasure giant panda.
For example, no matter how rich Jack Ma is, there are still more voices supporting him online.
At least what Jack Ma does often brings glory to the Chinese people.