Rebirth, I am the most powerful business tycoon

Just when the outside world was shocked and clamored by the amount of financing Qunar.com received.

Star Group Headquarters.

There is also an intense negotiation going on.

On one side are investment representatives from Kleiner Perkins Caufield & Byers, IDG and DFJ, and on the other are Qiu Baijun, Lei Jun, Meg Whitman, Cai Xiongxin and others.

The focus of the current debate is mainly on the valuation of eBay Internet Company, Global Online Information Services Company and Qiandu Information Company.

As for QQ and QQ mailboxes, under Jiang Feng’s instruction, Penguin Network Technology, the company that owns these two products, will not raise funds.

“I don’t think it makes much sense to continue this stalemate. Why don’t we talk separately? What do you think, Mr. Qiu and Mr. Lei?”The speaker was a representative of Kleiner Perkins Caufield & Byers, a typical Chinese-American whose Chinese name is Shen Chengan.

“Mr. Shen is right, and I agree with this decision.

Qiu Baijun looked at the representatives of IDG and Defengjie with a smile and said slowly:”What do you think?””

“I have no opinion.”

IDG representative Yaman waved his hand, looking relaxed.

Hearing this, Qiu Baijun turned his attention to Defengjie.

Defengjie spoke on behalf of Thompson:”I agree.”

“Well, I think we should talk about Qianqiandu Information Company first. Shen

Chengan crossed his hands on the table and said with a relaxed expression:”As far as I know, Qiandu information currently mainly includes Qiandu search, Qiandu browser, Qiandu music network, and Qiandu website navigation. According to the requirements, you provide Although I have not yet seen the commercial value of Qiandu Browser and Qiandu Search, considering that these two products are so popular among users, they must have their commercial value, so I think the valuation of Qiandu Information is US$500 million…”

Five hundred million dollars?

Qiu Baijun laughed and looked at Shen Chengan,”Every product in Xingkong has its unique commercial value. Mr. Shen does not need to doubt or doubt this. As for the US$200 million you proposed, I think it is an insult to Qiandu.” , if this is how Kleiner Perkins views the value of Qiandu Company, I think Mr. Shen can be invited back.”

Qiu Baijun’s words made the representatives of both parties couldn’t help but change their expressions.

Especially Shen Chengan of Kleiner Perkins Caufield & Byers.

But after all, they are from a big company, and their quality is still very good.

After a while, his face returned to normal

“I don’t know, but I think Qiandu Information should be valued more appropriately.”Yalman, the representative of IDG, said.

“2000000000!”

Qiu Baijun expressed his expectations without hesitation.

He did not look at the surprised representatives around him, but continued confidently:”Qiandu website navigation alone has become the most popular website in the world. The current advertising fee for the website is as high as 10 million US dollars per quarter. In addition, Qiandu Music Network, you have also seen the data, with more than 1.5 million registered users. The website relies on releasing songs every month, as well as providing membership services and downloads. services, with a net income of US$6 million…”

“With such an achievement, is there any website of the same type in the world that can match it?”

Faced with Qiu Baijun’s strength, the representatives of the three companies frowned.

They didn’t know how to refute.

Judging from the income of Qiandu Music Network and website navigation, these two products can be valued at six to seven billion US dollars..

However, 2 billion US dollars is too high.

Qiu Baijun smiled and said:”Maybe you think this is too high, but I think it is reasonable, because you are investing in a company with a future market value of tens of billions of US dollars, or even hundreds of billions.” dollar company”

“In addition, I can also promise that next year, or at the end of next year at the latest, Qiandu will be listed in Hong Kong and will be the world’s first listed Internet company.”

However, this answer still makes the three companies unsatisfied.

Although it only takes one and a half years to cash out the profits, what if the market value of the listing is not ideal?

Although the world’s first listed Internet company is very gimmick, But no one knows that the stock market is not about selling.

If you don’t buy it, you will lose a lot.

What’s more, Qiu Baijun is talking about listing in Hong Kong.

If it is listed in the United States, they may dare to take a gamble.

Now the United States They are talking about the Silicon Valley fever and the Internet fever. Maybe they will go up if they are popular.

After thinking about it, Thompson, the representative of DFJ, said:”Please sir, your valuation is too high. The valuation cannot be calculated based on the future. Although it is thousands of degrees Music and Qiandu website navigation have considerable revenue, but Qiandu browser and Qiandu search have no commercial value. I think the valuation of 2 billion US dollars is too outrageous.”

“oh?”

“Yeah?

Qiu Baijun smiled and said:”In this case, Qiandu Search and Qiandu Browser will not be considered for this financing project, but Qiandu Music Network and Qiandu Website Navigation will be used for financing. What do you think the valuation is?” ?

The representatives of the three companies looked at each other, and then said slowly:”If it is just Qiandu Website Navigation and Qiandu Music Network, I think the valuation of US$800 million is more reasonable.””

Eight hundred million U.S. dollars?

Qiu Baijun frowned, but he was secretly happy in his heart.

The strategy he discussed with Jiang Feng was successful.

In fact, Qiandu Search financing was not even planned for this financing.

He shouted out a high price of 2 billion U.S. dollars. , and just want to scare the three companies, so as to provide opportunities for the subsequent financing of Qiandu Music and Qiandu Website Navigation. The representatives of the three companies saw Qiu Baijun and did not speak.

They couldn’t help but feel nervous.

IDG representative Arman said sincerely:”Please. Sir, we are very sincere. At 800 million U.S. dollars, no Internet company’s products have such a high valuation.”

“That’s because no other company is as profitable as Qiandu.”

Qiu Baijun responded unceremoniously.

Now in the Internet industry, Xiangjiang is said to be second, and no one dares to say that it is first.

There is no way, the boss of Apple and the boss of Star Group are the same person.

With Apple If this big killer exists, just build a piece of software, and the traffic and users will increase dramatically in a short period of time.

Representatives of the three companies are dumbfounded.

In fact, no one is as profitable as Qiandu.

After all, they control the world’s largest traffic website. and a music website.

Then we talked for a while.

In the end, the two parties settled on a valuation of US$900 million.

For such a high valuation, the three representatives proposed to be listed in the United States, and requested that it be listed before the end of December next year at the latest.

Regarding this, Qiu Baijun had no objection.

After reaching an agreement on the valuation, the rest was easy to say.

After negotiations, Kleiner Perkins Caufield & Byers invested US$100 million to acquire 12.5% of the shares, and IDG invested US$80 million to acquire 10% of the shares. DFJ Invested US$120 million to acquire 15% of the shares.

The three companies invested a total of US$300 million to acquire 37.5% of the shares of Qiandu Music Network and Qiandu Website Navigation.

According to the agreement, Qiandu Music Network and Qiandu Website Navigation will jointly establish a new company The company, as the listing entity.

After finalizing Qiandu and eBay, the three companies had no choice but to give up because the valuation was too high.

A few days later, the two parties formally signed the transaction agreement, and the funds were transferred into the newly established Transsion in batches. Network technology company.

Ps: It’s an exaggeration, but it’s not outrageous. Look at Yahoo’s valuation of US$800 million when it went public one year after its establishment. Netscape is even more terrifying. It took 15 months from establishment to listing, with more than 20 employees, and it went public. The market value is more than 2 billion US dollars, and it was later acquired by America Online for 4.2 billion US dollars.

In this early era of the Internet, a project can fly into the sky.