Devil's Root gave up, and in the end, Microsoft won the right to lead the investment in Wechat.
The so-called lead investment was to take the lead in investing.
According to WeChat's rules, the lead investor would get 10% of the shares.
If WeChat was valued at 57 billion USD, Microsoft would have to invest 5.7 billion USD.
"Boss Chen, we will sign the contract in three days."
Although 5.7 billion USD was not a small amount, Steve did not hesitate at all.
If they dared to call out such a price, then they could afford it.
Although 5.7 billion USD for only 10% of the shares was already a sky-high price.
“OK。”
Chen Yu nodded.
He also knew why Microsoft wanted to invest in WeChat.
Microsoft might look strong on the surface, but they were not invincible.
If another operating system rose up in the future, it would be a huge threat to Microsoft.
After Microsoft led the investment, the other investors followed suit.
Since Microsoft did not get the right to lead the investment, they chose to follow suit and get 5% of the shares.
Correspondingly, they would have to fork out 2.85 billion USD.
However, after Microsoft's investment, there was a subtle change in the entire conference room.
"Oh no, the other investors are hesitating."
Wang Chang knew that things were not going well.
She saw the hesitation of the other investors.
As for the reason, it was very simple.
Previously, in the eyes of many investors, WeChat was valued at around 40 billion USD.
Even if it was higher, like 45 billion USD or 50 billion USD, they could accept it.
But after the fight between Microsoft and Devil's Root, Wechat's market cap rose to 57 billion USD.
Of course, WeChat would like to see such a valuation. However, for the other investors, that might not be the case.
In other words, for a 57 billion USD WeChat, even if you only had 1% of the shares, you would have to fork out 570 million USD.
570 million USD was not a small amount.
If converted to RMB, it would be about 5 billion RMB.
For many companies, their entire market size did not even reach 570 million USD.
Even for some companies with great potential, 570 million USD could get 20 to 30% of the shares.
However, if you took out 5 billion USD, you could only get 1% of the shares.
This made the investors hesitate.
Although they are hesitant, they will not give up if Microsoft dares to invest.
All of a sudden, a group of capital representatives called the headquarters one after another.
"Boss, Wechat's valuation has exceeded our expectations."
"What's their valuation now?"
"Microsoft bid 57 billion for the lead investment rights."
"A valuation of 57 billion. Microsoft can really come up with that."
"Do we still need to invest?"
"Wait, let me think …"
This was what most companies thought.
Although they had some capital, they wouldn't spend a single cent recklessly.
"Boss Chen, can we ask you a question?"
After thinking for a while, the representative of the Blackstone Capital suddenly asked after receiving instructions from the higher-ups.
"Of course."
"I want to ask about the current profitability of wechat."
Actually, the capitalists understood the importance of WeChat Moments.
If they wanted to invest in this website, they would have already investigated it thoroughly.
Although there was a lot of IP traffic on WeChat, it wasn't profitable.
Of course, this didn't matter.
A lot of growth-oriented enterprises didn't make money in the beginning.
Now was not the time to pick peaches.
The CEO of WeChat Moments, Wang Chang, also wrote about this in the financing statement.
The capitalists all agreed.
But at this time, the representative of Blackstone Capital brought it up again. Obviously, he wanted to hear a more accurate answer from Chen Yu.
Everyone knew that the one who really controlled WeChat Moments was Chen Yu.
"Actually, this question isn't a question. Everyone knows the answer better than I do. But since the representative of Blackstone asked, I'll explain. Currently, WeChat Moments hasn't considered profitability. The reason why we haven't considered it is because of the expansion of WeChat Moments. The representative of Blackstone is more concerned about the potential of WeChat Moments in the future … But I don't think I can answer this question clearly. If you really want an answer, why don't you ask Mr. Steve from Microsoft, and of course, Google … "
Chen Yu responded with a smile.
Microsoft and Devil's Root had already followed in, so it didn't matter if the other capitalists hesitated.
The scale of the two combined had already raised nearly 10 billion USD for Chen Yu.
Even if they didn't follow in, this amount of money was enough.
However, in order to completely bind the global capitalists to WeChat Moments, Chen Yu still answered.
This answer wasn't really an answer.
Because Chen Yu didn't directly answer the question raised by Blackstone Capital.
But even though Chen Yu didn't directly respond, Chen Yu's answer made Blackstone Capital make up their mind.
"Boss Chen, we will follow in 5%."
"Welcome to Blackstone Capital as a shareholder of WeChat Moments."
Chen Yu expressed his gratitude.
"Boss Chen, we also have a question."
Probably inspired by Blackstone Capital, the representative of Berkshire also asked a question.
"Go ahead."
"I don't know much about the Internet, and I don't know what social networking is. The reason why we came here is because we saw the future potential of WeChat Moments. But Boss Chen, can you tell us what social networking is? "
Berkshire was the investment company founded by Warren Buffett.
It was also one of the most influential investment companies in the world.
"Actually, we've talked about what social networking is before. Maybe everyone thinks it's a bit vague, so I'll explain it here. The so-called social network, in my understanding, is the real world. "
"The real world?"
"Boss Chen, isn't the Internet virtual? How is it the real world?"
"In everyone's eyes, maybe what you see is the virtual world. For example, our website is an invisible web. Our series of uses on the Internet can only be seen, but not touched. It's not real, it's all virtual data. However, behind the data, there were real people. Without the participation of humans, the Internet is a dead net. Without the participation of humans, social networking no longer exists. "The reason why our WeChat Moments has developed so quickly is that our social network has further turned the virtual nature of the Internet into reality. "We let everyone feel a more real, more vivid, and more social site. "Here, I can say that in the next five years, your social circle on our WeChat Moments will be your circle of friends in the real world …"
This answer made everyone applaud in unison.
This was the most perfect explanation of social networking they had ever heard.
This explanation not only explained to everyone what social networking was, but it also further explained to everyone the importance and future potential of social networking.
Why were they here?
Wasn't it because they saw the potential of WeChat Moments?
Chen Yu's explanation further magnified this potential.
It turned out that in their eyes, WeChat Moments was a product that would be side by side with Internet giants like Yahoo and Google in the future.
However, from Chen Yu's words, they realized that WeChat Moments would definitely surpass Yahoo and Google in the future.
At least in terms of storytelling, WeChat Moments' stories were bigger than Yahoo's and more colorful than Google's.
"Why are you hesitating about such a website?"
Of course, the reason why Chen Yu answered like this was because he understood it very well.
If you want capital money, it depends on whether your story is big enough.
If your story is average, the amount of financing will definitely be average.
If your story is the best in the country, the amount of financing will also be the best in the country.
If your story is the best in the world, the amount of financing will also be the best in the world.
And if your story reaches the point of breaking through the Earth, then your funding will also break through the Earth …
"We'll invest with Berkshire."
The representative from Berkshire said firmly without any hesitation.
"We'll invest with you too."
"We'll invest with you."
"We'll invest with you."
The remaining 30% of WeChat Moments' shares were bought by a series of investors.
A few days later, WeChat Moments signed a formal contract with each investor.
At the same time, 40% of shares and 24.8 billion USD of funds entered WeChat Moments' accounts.
WeChat Moments created global financing history in one fell swoop …
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