Millennium director

Financing.

This is something Wu Yuan has been thinking about for a long time, but has never put it into action.

Originally, Guangying Qvod should have started financing two or three years ago. Just like Youku, Tudou and other platforms, it started financing and burning money to seize the market when the domestic video platform was in chaos and expanding crazily.

However, because Guangying Kuaibo has determined its overseas strategy and differentiated competition early, and Wu Yuan has come up with mature video platform operation methods in advance, Guangying Kuaibo can hardly make any money compared to other companies. Unlike the video platforms that pay to grab the market, they are not so short of money.

In addition, Wu Yuan sold Light Times and invested most of the proceeds into Light and Shadow Kuaibo, which allowed the company to pass the most critical period of overseas expansion.

Nowadays, Guangying Qvod is developing well in Japan, South Korea, Singapore, Malaysia, Vietnam, Thailand and other countries, and has become the leading online video platform in these countries (mainly because there is no competition, and the Internet industry in these countries is not very good.) , it has entered a period of stable development, and it does not lose much in a year.

But as the war on domestic video platforms has intensified and long-term money-burning has taken place, Wu Yuan alone cannot sustain the Light and Shadow Era.

And once the domestic fundamentals cannot be grasped, the overseas market of Light and Shadow Qvod will be affected to some extent, and the Chinese market with a scale of hundreds of millions cannot give up!

Now, it’s time to start raising capital.

Chen Dewei was already prepared for this and was even very happy.

"Director Wu, the current operating status of Light and Shadow Times is definitely very good. Although we have not yet achieved profitability, we have tens of millions of users overseas, and our monthly users in China exceed 350 million. The number of mobile terminals The number of daily views has exceeded 200 million, which is not inferior even to the current largest Youku!"

As early as 2011, Youku's overall monthly user base exceeded 300 million, which means that 300 million accounts will log in to watch Youku videos at least once a month.

In 2013, with the promotion of mobile terminals, that is, smartphones, Youku's mobile terminal users and playback volume also surged. In April 2013, the daily playback volume on the mobile terminal alone exceeded 150 million.

This is only the data from 2011 and 2013.

In May 2014, Alibaba made a strategic investment in Youku and held 18.3% of Youku Tudou's outstanding shares.

By 2015, Alibaba planned to fully acquire the remaining equity of Youku, with the estimated total amount exceeding US$4.5 billion.

In other words, Youku, with the above-mentioned size, is valued at at least US$6 billion!

Considering that this is the complete Youku after the acquisition of Tudou, and the number of Youku users has been growing explosively in the past two years, and the number of video views is also rising, the value is even a little low.

Although the Light and Shadow Era should not be comparable to Youku, the current user data compiled by Chen Dewei is only at the level of 350 million monthly active users and 500 million daily views (mobile plus computer).

But don’t forget that as a whole, Guangying Kuaibo also has overseas markets!

Just talking about the domestic market alone, the valuation of Guangying Kuaibo is only US$5 billion at most. No matter how high it is, it is unjustifiable.

But with the addition of foreign markets, especially those in developed countries such as Japan and South Korea, the valuation of Guangying Kuaibo will have to double.

Because although the number of overseas users cannot be compared with domestic users, which can easily reach hundreds of millions, the payment rate of overseas users of Guangying Qvod is too high.

At present, there are only a few million paid domestic users of Guangying Kuaibo. Among the 350 million monthly active users, only a few million are willing to spend 10 yuan to become a member without advertising.

But among the overseas users of Guangying Kuaibo, the total number of paying users exceeds 20 million, and their memberships cost an average of US$5 a month!

Judging from the number of paying users alone, Guangying Kuaibo is definitely several times that of Youku.

It can only be said that Youku suffered the loss of not going overseas.

Therefore, based on the business research and evaluation of major venture capital companies, the current valuation of Guangying Qvod is around US$12 billion to US$15 billion. The difference is mainly due to the difference in quotations from different investment companies.

For example, Sequoia, which quoted the highest price, gave a valuation of US$14.6 billion, and the lowest price, from a domestic investment company, quoted a valuation of US$12 billion.

Let's put it this way, as long as Guangying Kuaibo nods and agrees, the other party can immediately exchange money for shares!

As a high-quality and influential video platform throughout East Asia, Guangying Kuaibo is definitely one of the Internet companies that major investment companies want to invest in!

Although Wu Yuan had not spoken before, Chen Dewei had been making preparations and talking to these investment companies. He had also watched their valuation of Guangying Kuaibo increase step by step from about US$4 billion to the present.

"15 billion U.S. dollars." Wu Yuan smacked his lips, a little surprised.

Even he himself didn't know that Guangying Kuaibo's current valuation had reached this point.

"In other words, I am now a billionaire?" Wu Yuan raised his eyebrows.

He has no sense of reality. After all, the stock price is something you can only look at. If you really want to cash out, major investment companies will be very reluctant to cash out for you.

If you sell the shares directly, this seemingly high valuation may collapse in an instant.

So in fact, the stock price is the most virtual thing, you can see it but you can't touch it.

Including this round of financing, although Wu Yuan took out shares, he couldn't put the money raised into his pocket. He had to invest all of it in the development of the company.

If he wanted to cash out, he had to negotiate the amount of cash out with these investment companies.

Thinking of this, Wu Yuan was a little eager to make a move, so he said to Chen Dewei: "Let's set the company's first round of financing at $2 billion for the time being."

"According to the overall valuation of $15 billion, that means we have to take out 13.3% of the shares."

"Fortunately, the amount is not too much, and two or three investment companies should be able to take it up."

"In addition, I have another request, that is, I need to be allowed to cash out $200 million, and only $1.8 billion will actually be invested in the company's development. You have to talk to the investment company about this."

Wu Yuan crossed his legs and joked lightly: "The company has started financing, and the valuation is $15 billion. I have to enjoy it. $200 million is not much, just treat it as a reward for me as the founder of the company."

"When the time comes, I will also give dividends to you executives in proportion."

People like Chen Dewei, Wang Xin who is in charge of technology, and his team all have original shares. Their shares together account for 20% of the total shares of Guangying Kuaibo, otherwise they would not work diligently for the company.

If Wu Yuan now wants to cash out the first round of financing, they should also get their share of the cash out amount.

Of course, after introducing new investment, everyone's shares will be diluted, but they can get money and the company can also get new cash, so overall it is definitely not a loss! (End of this chapter)