After talking to Sun Tao and Chen Lang, on the 18th, Chen Lang secretly went to Sunan.
The acquisition of Yongan and Changkelong was the best way to catch them off guard.
At this time, Huarui probably didn't expect Far away to have this idea. After all, Far away had been expanding so much that Huarui didn't think that Far Away had the ability to do so.
As for whether Chen Lang could complete this task, Li Dong actually wasn't sure.
Even though Chen Lang said it with certainty, Li Dong wouldn't put his hopes on him alone.
While Chen Lang was going to Sunan, Li Dong wasn't idle either.
On one hand, Li Dong was strengthening the defense in the Jinling area. On the other hand, he was secretly shrinking the scale of the expansion.
The expansion in Shanghai that was previously decided, Li Dong chose to temporarily put it on hold.
However, he couldn't stop in Yu Province. Once he stopped, outsiders would notice that Far Away was weak.
Other than these external factors, Li Dong was weak because of money.
Under this situation, Li Dong had to think about financing.
…
Originally, Li Dong didn't want to personally talk to the major risk organizations.
However, that was then and this was now. In order for the supermarket to develop smoothly, Li Dong could only choose to give in.
It would be best if Chen Lang could win over two companies without spending money. That would be even better.
However, once the money was spent, Li Dong had to take it on.
Of course, Li Dong wasn't willing to talk to every company.
After picking and choosing, Li Dong finally chose to talk to IDG.
On one hand, IDG's initial offer was the highest. On the other hand, they had previously invested in Tencent. It was a pity that they didn't get the most out of this investment.
In 1999, IDG invested 2.2 million USD in the early stages of Tencent and obtained 20% of Tencent's shares.
However, in 2001 and 2003, IDG sold their shares twice and received a total return of more than 20 million USD.
Logically speaking, a return of nearly ten times was not considered a loss.
However, who would have thought that Tencent grew faster and faster. Until now, the total market value was more than 10 billion USD.
If IDG didn't give up and persisted until now, even if the shares were diluted later, it would still be more than 10%.
In just three or four years, 20 million USD would become 1 billion USD. This return was probably more than all their previous investments in China.
However, there was no medicine for regret. Even if IDG regretted it, the past was the past.
But now, the opportunity had come again. They had missed Tencent once, but Distance had risen rapidly.
Today's Distance had a much stronger foundation than Tencent back then. The number of users of the same instant messaging software, PP, was also constantly increasing.
Mall, Happy Farm, and Weibo, and Weibo, and Weibo, had more users than Tencent had registered. It was Tencent.
Far, Far Far, Away, Cheng of Wang, Cheng, Tencent, and Chen, and Wan., Lang, and Weibo, and Lang., and PP.
This reminded IDG of Tencent in the past. Perhaps they could make up for what they had missed out on in the past through Distance.
Therefore, when Li Dong agreed to attend the meeting, IDG attached great importance to it.
On the morning of the 19th, IDG entered the Far Away building.
The leader was not a foreigner, but a countryman.
…
As soon as the two sides met, Li Dong said enthusiastically, "Boss Xiong, it's an honor to meet you!"
Xiong Xiaoge was in her early fifties. As one of the founders of IDG and the president of Hua Xia, Xiong Xiaoge rarely came out to negotiate in person.
However, Far Away was different. It was not like other small Internet companies.
Far Away had a solid foundation and a large scale. In addition, Faraway Group was not a small group. Therefore, Xiong Xiaoge personally came for the negotiation.
She knew that Li Dong was young and had even seen Li Dong's photo.
But when she saw him in person, Xiong Xiaoge couldn't help but sigh with emotion, as if time was pushing one to grow old, and there would always be talented people in each generation.
Born in 1985, Li Dong was only 22 years old this year.
And he, born in 56, was nearly 30 years older than Li Dong.
Although IDG had strong capital, it did not mean that IDG belonged to him. He was just one of the co-founders.
In the past, he rarely felt this way. After all, at his age, there were not many people who had achieved as much as he did.
However, compared to Li Dong, Xiong Xiaoge had to admit that this was the most accomplished young man he had seen over the years.
After a while, Xiong Xiaoge said with a smile, "General Manager Li, I should be the one to say that it's an honor to meet you. General Manager Li's name is now known by everyone. I heard that General Manager Li would personally attend this negotiation. I came from Shanghai just to meet General Manager Li. "
"Boss Xiong, I was too busy before. Far Away had some problems with other businesses. I really couldn't find the time …"
"I understand."
Xiong Xiaoge was also paying attention to the battle between Far Away and Huarun Resources.
Of course, Li Dong was busy. But Xiong Xiaoge was not stupid. She knew that the more fierce the battle between Far Away and Huarun Resources, the better.
The more critical the situation, the more Li Dong needed external help.
Although this time they were only talking about financing for Far Away Mall, IDG could tolerate the money being transferred to Far Away for a period of time.
As long as Li Dong was willing to make concessions, Xiong Xiaoge did not mind helping him through this.
The two chatted for a while, then sat down to prepare for the meeting.
In fact, Yuan Chengdao had already discussed with the other party several times. During the first offer, the other party gave a price of 800 million USD for Far Away Mall, 500 million USD for PPV, 200 million USD for Wantoon, and 100 million USD for Weibo.
Naturally, Li Dong was not satisfied with this price.
After a few meetings, IDG gave in a little and raised the price.
However, capital institutions were like vampires. It was unrealistic to expect them to raise the price by much. In the end, the other party only gave a price of 1.8 billion USD for the four major businesses of Far Away Mall.
This time, Li Dong came personally and did not stand on ceremony. At the beginning of the meeting, Li Dong said, "Boss Xiong, let's not talk about the overall business this time. Let's talk separately. I will not accept financing for Weibo and Wantoon for now. These two projects are seriously undervalued and do not meet my expectations. Moreover, these two businesses are in a period of rapid development. I believe that in a year or two, their value may increase tenfold or even a hundredfold. As for the Far Away Mall and PP under Far Away, their businesses are approaching maturity and their value is obvious to all. How about we focus on these two projects today? "
Upon hearing that Li Dong was going to talk openly and exclude Weibo and Wantoon, Xiong Xiaoge frowned.
For the time being, it was hard to say how Distance's Wantaon business was doing.
However, although Weibo was launched late, it had become popular all over the internet in just half a month.
In just half a month, Weibo's registered users had exceeded the 10 million mark. Moreover, the speed did not slow down but was increasing rapidly.
Even Twitter, which had just launched last year, was not as popular as Weibo.
Based on this trend, Weibo would soon catch up to Twitter.
Twitter's current valuation was over 300 million USD. Although Weibo was lagging behind, according to Xiong Xiaoge's estimation, it would only take a few months for it to catch up.
The 100 million they had previously given was not considered low.
After all, Weibo had just been launched. For them to offer such a price was already a sign that they were extremely optimistic about Weibo.
Who knew that Li Dong was still not satisfied. At this time, Xiong Xiaoge did not know if he was confident or arrogant. Was this guy that optimistic about Weibo's business?
Removing two major businesses at once, Xiong Xiaoge frowned and said, "General Manager Li, this way, Far Away Mall and Wantoon will be separated. There will be a gap in the business, and the overall value will be pulled down. Are you sure you want to do this?"
Li Dong nodded and said, "I know that. However, even if the overall value will drop, I don't want to sell it at a low price."
Xiong Xiaoge thought for a moment. Far Away Mall and PP were the main businesses of Far Away. Removing them would not have a big impact.
In addition, Li Dong had already made up his mind. Xiong Xiaoge did not say anything else. She only signaled to Li Dong that she needed time to communicate with the team.
Li Dong smiled and gestured for them to chat. After waiting for about ten minutes, Xiong Xiaoge said, "General Manager Li, since you have made your decision, we will have to come up with a new proposal."
"Please speak, General Manager Xiong."
"Originally, our second offer for Far Away Mall was 900 million USD. Now that we have lost the added value of Wantoon, we can only give a valuation of 800 million USD. It is the same for PP. Your payment services are all supported by Wantoon. Now, our offer is still 500 million USD. "
"In addition, there will be some changes in our investment quota …"
Xiong Xiaoge spoke with assurance. According to her, IDG would invest 200 million USD, and both sides would invest 100 million USD.
After the restructuring, Far Away Mall's valuation would be 900 million USD. IDG would take a premium and hold 10% of the shares.
As for PP, after the restructuring, the total valuation would be 600 million USD, and they would hold 15% of the shares.
This requirement was relatively not too high. After all, 200 million USD was more than 1.6 billion RMB. The investment quota was not low, and the risk was not small.
After all, the industry already had Taobao and QQ, the two industry leaders. Far Away Mall was second, but only second.
If the later development did not go smoothly, and there were overlapping and loss of business, Far Away Mall was likely to collapse rapidly.
An investment of 1.6 billion USD was not a small amount. Xiong Xiaoge believed that it would be difficult for Li Dong to reject this proposal.
Far Away Mall and PP, which were still in the development phase, had given a valuation of more than 10 billion USD. There should not be many organizations in the country or abroad that could give this figure.
After she finished, Li Dong frowned slightly and said, "Boss Xiong, you have to know that Tencent's current market value has exceeded 10 billion USD, and their main business is QQ. As for the rest, it is just a side business. Therefore, of this 10 billion USD, QQ accounts for at least 80% … Also, on Ali's side, when Ali was financing, the valuation given by Taobao was not low … "
"It's not the same. These are two different concepts." Xiong Xiaoge hurriedly interrupted. "Whether it is Tencent or Ali, they are both leaders. General Manager Li also knows that in the Internet industry, the most valuable thing is still creativity.
To be honest, whether it is Far Away Mall or PP, they are just following the trend.
The reason why IDG is willing to give such a high valuation is also because you have achieved this scale.
But General Manager Li does not need me to say that the risk is great.
Once you are unable to surpass the other party in a short period of time, the weaker product of the same model will soon be eliminated. This is a common occurrence in the Internet industry.
We are taking such a big risk because we value General Manager Li more.
Because you have created too many miracles … "
Xiong Xiaoge flattered him a little, but Li Dong was not moved.
An investment of 200 million USD for 10% of the mall and 15% of PP's shares was really unacceptable to him.
His own investment in the mall, including the losses, was close to 2 billion USD.
Moreover, it had also passed the most difficult incubation period and was now showing its scale. At this time, the value was not as simple as doubling, but multiplying by several times.
Even without considering the future development and the possibility of surpassing Taobao in the future, the current mall was still seriously underestimated.
Don't think that 800 million USD was a lot. It was normal for Internet companies to have a high valuation.
Especially when it reached a certain scale, the valuation would increase rapidly, rising by several times, tens of times, or even hundreds of times.
At present, 800 million USD was not low, but venture capital invested in the future, not the present.
No matter how much Xiong Xiaoge said, Li Dong would not agree.
The two sides argued for a while. Xiong Xiaoge probably saw that Li Dong was not moved, so she finally asked, "Then what is General Manager Li's plan? Can you tell us? After all, since we have sat down to talk, we all hope to achieve a win-win situation. If it is too different from General Manager Li's expectations, it will be difficult for us to accept it. "
Li Dong did not hide it and said directly, "2 billion USD for the mall, 1.5 billion USD for PP!"
The corner of Xiong Xiaoge's mouth twitched. More than double. Was Li Dong crazy about money?
The total price was 3.5 billion USD, and the two projects were worth more than 28 billion RMB. Did he really not value money?
So far, other than Ali and Tencent, which Internet company in the country gave such a high valuation before going public?
This was just the first round of financing.
If they gave such a price now, wouldn't it be worth more than 100 billion RMB before going public far away?
If they did not meet expectations after going public, it would be a huge loss.
Venture capital sought high returns. According to Li Dong's calculations, if these two projects did not reach hundreds of billions after going public, the investment would not be worth it.
But was there such a possibility?
Hundreds of billions. Even if Ali went public, it would not reach this value. Ali was currently preparing to go public, and the industry had also analyzed that the market value on the day of going public would not exceed 100 billion.
Did Li Dong mean that he could exceed Ali?
Seeing Xiong Xiaoge's expression, Li Dong knew that the negotiations had failed.
In fact, he was already restraining himself by giving 2 billion USD to the mall.
Of course, Li Dong also knew that this was related to what would happen in the future.
If he did not know what would happen in the future, and IDG's previous offer was actually not bad, he might have happily agreed.
However, if he knew that this thing would be worth a lot in a few years, and the other party gave him the current price, would he still be willing to sell?
It was precisely because of this difference that Li Dong had been reluctant to raise funds.
But now the group was out of money, and the other party was not willing to give a high price. Was he really going to sell it cheaply?
Li Dong was a little disappointed. It was really hard to make money these days.
Then the two parties exchanged a few more words, and in the end, Xiong Xiaoge left with her people unsatisfied.
Both parties did not say that they would not talk anymore, but they could not accept the price that Li Dong had given them for the time being. They had to go back and do some research.
After sending them out of the Far away building, Li Dong also left.
Yuan Chengdao and the others sighed. The boss was too headstrong.
Even if Far Away Mall could really be worth hundreds of billions in the future, that was the future. If it continued to struggle now, without sufficient funds for development, it was likely that others would catch up in the future.
It would be better if it was ranked second, but if it fell to third, then even if it was bigger, its valuation would not go up.
Didn't many Internet companies know that their things were valuable?
Everyone knew that, but the Internet was the fastest industry to change. If you did not have the money to develop, and fell one step behind, then you could fall ten or even a hundred steps behind. In the end, it would be worthless.
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