Zhang Yida asked the directors who were present again, and it turned out that only Blackshirt Capital and Zhenke Fund were willing to respond to his call for capital increase.
Zhang Yida had a cold face and was too lazy to persuade these short-sighted directors.
I have to say that after the relationship with Penguin deteriorated, it did bring some trouble to Zhonghe Group.
Not to mention the self-media outside that denounced Zhonghe, now even shareholders are starting to back off.
Zhang Yida was wondering if they would cash out and leave if they encountered a suitable opportunity.
Son Zhengyi is also determined to get you, insisting on a valuation of US$50 billion and refusing to let go.
“Then let’s do this, I will add Blackshirt Capital and Zhenke Fund to increase the total capital by US$1.5 billion.
If there’s no problem, let’s adjourn the meeting!”
"Wait!"
Shen Beipeng adjusted his glasses and said with a smile: "How can 300 million US dollars be enough?"
"That's right, 300 million US dollars is too little!" Xu Xiaoming also said with a smile.
Zhang Yida was stunned for a moment. When he thought about it, it would be enough for the two companies to invest US$300 million together!
Shen Beipeng looked at Zhang Yida, cast an encouraging look, and said: "Black Shirt Capital has invested US$600 million. If it is not enough, we can add more!"
"Zhenke Fund also invested US$200 million. It's rare to encounter such a good opportunity to increase capital, how could you miss it! Haha!" Xu Xiaoming laughed.
Zhang Yida was somewhat moved. No matter what their motives were, this time it really gave him great support and confidence.
Of course Bao Zheyu and Zhang Liping will not object!
Although they are unwilling to increase capital, it does not mean that they have given up on Zhonghe Group. It just means that they feel the investment risks and are unwilling to take risks.
Blackshirt Capital and Zhenke Fund are willing to be taken advantage of, and they are eager to do so!
Anyway, instead of risking your own money, if you raise more funds, Zhonghe Group will have a greater chance of winning.
Liu Zhiping's expression remained as usual, it's only 2 billion US dollars, how long can it last?
After the meeting, Zhang Yida called Shen Beipeng and Xu Xiaoming went to his office to chat for a while.
"Don't put too much pressure on yourself, don't be too impatient, just maintain the current pace.
What's so big about the penguin? What was it in front of Shanda back then? The younger brother among younger brothers.
Now that the serfs have stood up and started singing, their tails will rise to the sky..."
Xu Xiaoming began to comfort Zhang Yida.
After knowing Zhang Yida for so many years, this was the first time he saw Zhang Yida so haggard.
It can be seen that the psychological pressure must be great. After all, Penguin is so large that there are not many companies that dare to fight against Penguin.
Zhang Yida smiled and shook his head, "No, I recently found the passion to start a business again.
After all, I've rung the bell three times, so sometimes I can't help but slack off.
I still have to thank Penguin for making starting a business no longer so simple.”
Xu Xiaoming felt relieved when he saw that Zhang Yida was joking with him.
What he was most afraid of was that Zhang Yida would collapse before the war started, and it would be a woolly battle.
Looking at it now, my mental state is very good and it deserves encouragement!
Shen Beipeng began to make suggestions, "Games are Penguin's core sector. The domestic market cake is only so big. If you take one piece, it will lose one piece."
How is the development of PlayerUnknown's Battlegrounds mobile game going? This product must be launched as soon as possible, use short videos and live broadcasts to start publicity and warm up, and give Penguin a hard blow."
Zhang Yida nodded, "Everything is being deployed. Blue Hole has transferred a technical team from South Korea to join the R&D team in China."
Shen Beipeng asked again: "How is the live broadcast e-commerce sector operating? Can it make up for the losses caused by Penguin's traffic ban?"
Zhang Yida shook his head, "It's not possible yet. Live streaming e-commerce has just started and it needs to be cultivated for a while."
"That's all it can do!"
Then, Shen Beipeng asked about Tiantian Toutiao and other sectors of the entertainment industry, and Zhang Yida also elaborated on them one by one.
"Long videos must be a priority!" Shen Beipeng said very solemnly, "Suddenly short videos will no longer be popular, but long videos will still be there. This is a necessity!
Nowadays, many young people no longer watch TV, but they will definitely watch long videos."
What Shen Beipeng said makes sense. This is why Zhang Yida is trying his best to fall out with Penguin and make a long video.
Without long videos, the company feels very insecure!
Shen Beipeng wholeheartedly agrees with Zhang Yida's business layout.
At present, the prototype of Zhonghe Group's business matrix has been formed. In the long run, for Penguin, the threat of Zhonghe's entertainment sector is even greater than that of Ahri.
"Yida, how about letting Zhonghe Group acquire Xiaohongshu?"
Xu Xiaoming had just heard Zhang Yida say that Pinduoduo's e-commerce business had suffered a heavy blow, and he had been thinking about remedial measures.
“Xiaohongshu is a lifestyle sharing community with mostly young users. Users share their life of food, clothing, entertainment and shopping in the form of text, pictures and video notes.
It has a community e-commerce platform "Xiaohongshu Mall"..."
Xu Xiaoming began to introduce various aspects of Xiaohongshu.
He is an angel investor in Xiaohongshu and is very familiar with the company.
Ruixiang also led Xiaohongshu’s A+ round of financing of US$3 million, and Zhang Yida is no stranger to this company.
The two founders Qu Fang, Mao Wenchao, and Zhang Yida used to love interacting with the senior executives of the invested companies they established at Zhenke Fund.
Later, each of us became busier and busier with work, and the contact gradually became less and less.
"Are they willing to sell it?"
Zhang Yida asked. If the two founders were willing to sell Xiaohongshu, Zhang Yida would definitely be willing to take over.
Not only as a supplement to the e-commerce sector, the content produced by Xiaohongshu is also needed by major platforms such as DouShi, Bilibili, and Tiantian Toutiao.
Xu Xiaoming smiled and said: "You have fooled me into getting Kuaishou, so a little red book shouldn't be a problem, right?"
Zhang Yida waved his hand, "Su Hua is ambitious and willing to join in to make the cake bigger.
As for Qu Fang and Mao Wenchao, I wonder if they have such ambitions?"
"I'll ask them to talk to you!" Xu Xiaoming said with a smile, "Whether it works or not depends on your ability!"
…
"Yida, we really have no intention of selling the company, please stop trying to persuade us."
Mao Wenchao gave a wry smile. He thought Zhang Yida was investing on behalf of Zhonghe Group, and he thought he was here to acquire Xiaohongshu.
He glanced at Qu Fang, who shook his head slightly, obviously unwilling to sell the company.
Xu Xiaoping didn't say anything and just drank tea quietly. It was hard for him to interfere too much in this matter. The key was for Zhang Yida to impress the two founders himself.
Zhang Yida said with a smile: "Xiaohongshu is still too niche. If we achieve the ultimate goal, we will become a unicorn company."
Mao Wenchao shook his head slightly and said with a smile: "We don't have the lofty ambitions of Zhonghe Group. We just want to be a small but beautiful company."
I don’t know whether this is true or not.
Because Xiaohongshu is actually a product of interest of the two founders.
Mao Wenchao likes to travel, and Qu Fang likes overseas shopping, so the two of them worked together to create a PDF file called "Little Red Book Outbound Shopping Guide" to share their experiences.
Unexpectedly, it became a huge hit and was downloaded 500,000 times a month.
This allowed the two to see business opportunities, and soon launched a specialized overseas shopping guide app - Xiaohongshu Shopping Notes, and started a UGC (user generated) community.
As the number of users expanded, Xiaohongshu began to engage in e-commerce again. After the direct e-commerce was not ideal, it transformed into a platform e-commerce.
Content community + e-commerce are currently the two most important sections of Xiaohongshu. One end is planting grass and the other end is pulling weeds.
However, Xiaohongshu’s e-commerce business has never taken off, and its advertising slogan has changed from “good things from all over the world” in the first half of the year to “good life from all over the world.”
It is like returning to the community from e-commerce. Even Qu Fang himself publicly stated in an interview: Xiaohongshu is not an e-commerce company.
Zhang Yida said: "With DouShi's traffic diversion and Pinduoduo's supply chain, I believe Xiaohongshu's e-commerce sector will definitely change."
"Pinduoduo, maybe it doesn't match the tone of our platform, right?"
Qu Fang added with a smile, "I don't mean to look down on Pinduoduo, I'm just talking about the matter. Don't be offended, Yida!"
Zhang Yida smiled bitterly, Pinduoduo's positioning in everyone's minds became more and more ingrained.
This was also a problem that troubled Huang Xing for a long time in his previous life.
To this end, various large subsidies have been provided, with the purpose of washing away the imprint of Low on the body.
Zhang Yida explained: “Pinduoduo is currently trying to seize the sinking user market, and we will make corresponding adjustments later.
You see, Taobao was criticized in the past, but who of us still talks about it now? Most people don’t say it is low anymore!”
Qu Fang smiled and said, "That's true! It doesn't matter whether the cat is black or white, as long as it can catch mice, it is a good cat."
"Believe me, when Xiaohongshu joins the Zhonghe family, the resources he will receive will be more than ten times what they are now.
When there is an opportunity, let Xiaohongshu go overseas and compete with Ins overseas.
I heard that Xiaohongshu has always had the ambitious goal of becoming China’s Instagram, and this goal has almost been achieved.
After it is realized, how can we not try overseas markets?"
Zhang Yida likes to talk about dreams with entrepreneurs the most, and then he talked about the development history of Musical.ly overseas.
Mao Wenchao was also fascinated when he heard that Musical.ly had conquered cities, continents, and hundreds of millions of active users overseas.
"Zhonghe Group is very sincere. You two and even Xiaohongshu shareholders can choose to withdraw in cash or transfer shares to Zhonghe Group."
Zhang Yida added: "In addition, our quotation for Xiaohongshu is US$1 billion. Is this valuation enough?"