Rebirth: I Want to Surf

For the domestic investment circle, last year (2005) was a very important year, because several powerful leaders settled in the mainland market one after another.

For example, Zhang Lei of Hillhouse Capital, Shen Nanpeng of Sequoia Capital China Fund, and Xu Xin of Capital Today.

Here is a brief description of the mode:

The so-called investment institution is more like a "fund management and operation" institution with various sources of funds.

For example, Xu Xin founded Capital Today, but the source of funds is the British government fund, the World Bank, etc. These institutions gave her a certain amount of money to invest in the mainland to obtain income.

Xu Xin is from Chongqing, and his father is the leader of Sinotruk Group.

I used to work in a bank, and later entered the investment circle. Successful trading cases include Wahaha, Netease, and ChinaHR. Last year, I became independent and started Capital Today.

In 2007, Liu Qiangdong, who had nowhere to go, had a meal with Xu Xin, nagging about his entrepreneurial process, and finally said that he wanted 2 million US dollars.

Xu Xin directly gave 10 million US dollars to help Liu Qiangdong improve the company structure, and also recommended a senior talent in charge of marketing—Xu Lei. Later, Dongzi abdicated and Xu Lei became the president of JD.com.

No one knows the truth, anyway, there are various discussions.

When JD.com went public that year, Capital Today held 7.8% of the shares, making it a major shareholder.

Now, Yao Yuan is not surprised that the other party finds him, it would be strange if he doesn't. There are only a few major Internet companies in China, so he immediately made an appointment to meet.

…………

No. 1 Jianwai Street, China World Hotel.

This is a platinum five-star hotel opened in 1990. It is even better than a five-star hotel. It has received dozens of heads of state and government. It is known as the "Second State Hotel".

Yao Yuan was still the old Accord, got out of the car and looked up at the building, a building like a curved screen, quite oppressive.

He has been here.

When I was free, Dai Yinyin tasted all the high-end places in the capital, from Diaoyutai to the Beijing Hotel, as long as you pay money, you can get in. Whether it is luxury or frugality in life, there is no need to deliberately, just do what you want, and living in Diaoyutai does not prevent him from having a bowl of stewed cooking.

After entering the hotel, I found a restaurant called "Coffee Court".

As soon as he entered, a short woman in a red blouse came up to him and said with a smile, "Mr. Yao!"

"Boss Xu!"

When we met for the first time, we shook hands and talked a lot.

Yao Yuan looked at the other party, and suddenly remembered that when the magic capital was closed in later generations, this person begged for bread and milk in the WeChat group, causing a lot of netizens to eat melons, saying, "The magic capital is the magic capital, and the queen of venture capital has to buy bread!"

What is it called?

This is the pain of the rich, but the placebo of the poor.

"Coffee Garden" is mainly a buffet, with an open kitchen and eight workbenches. The chefs in snow-white overalls and high hats cook and eat right away, and present various delicacies in a rhythmic manner.

We're meeting in a cafeteria, maybe we want a more relaxed atmosphere.

There are both Chinese and foreign dishes. Yao Yuan first saw that the steak was pretty good. After taking it, he found salmon. He also took a portion. Then he saw a pot, which was gurgling inside, and there was a sign on the outside:

Braised in Malaysia!

Hey, he went over and asked, "What's in here?"

"Fatty sausages, eggs, elbow flowers...anyway, it's different from the local stewed."

"Then the stewed stew from other places can also come to Beijing?"

"If you have a pass, you can enter. How about a bowl?"

"One bowl, one bowl!"

Yao Yuan took a bowl of Malaysian marinated stew, and returned to his seat happily. He didn't forget to grab a skewer, yes, there is also a skewer.

The desktop filled up in a blink of an eye.

"..."

Xu Xin looked in front of him, a steak, a seafood, a glass of wine, and then looked at the opposite side, eating like a basket.

The local tyrant called: true temperament, informal.

Poor and forced to call: shameful, not on the stage.

Of course, Yao Yuan was informal, picked a piece of fat sausage that was hot and refreshing, and said with a smile: "I have heard a little about Mr. Xu's investment style. Most of them end up in the A and B rounds. Today's appointment with me must not be for Maiwo Mall?"

"There are no absolutes in everything. The development of the mall is so good, it is not impossible to make an exception."

"Then you have to bet heavily, this year I am going to hit 1.5 billion in sales!"

Why don't you mother go to heaven?

Xu Xin wanted to roll his eyes as soon as he heard it, but he quickly went through it in his mind, and it was really possible.

According to the information released by the mall, in the first two months of the year, Meizu miniplayer sold 500,000 units. Before the Spring Festival, there was a big explosion, and 400,000 units were sold in half a month.

Because it’s the Chinese New Year, if the children want it, if their own children don’t want it, other people’s children also want it, so you can give it as a gift.

The miniplayer alone has sales of more than 500 million!

But it's a pity that the mall has entered the third round of financing, and it's a bit late to re-enter the game. She didn't come here for the mall, and said: "Mr. Yao's strength is obvious to all, and I naturally believe it. Come."

"I'm very sorry, but I have no idea of ​​financing."

"I heard that you have always refused community financing, may I know the reason?"

Yao Yuan smiled and didn't answer.

Xu Xin also smiled and began to tell the story. Investors need to tell stories and draw big cakes, but sometimes investors also need to tell stories and draw big cakes.

"After the 9/11 incident in the United States, the blog craze rose and soon became popular all over the world.

Speaking of East Asia alone, Japan, South Korea, Hong Kong and Taiwan are all very popular, but the mainland is not. It’s not that no one has invested in a blog, but there has never been any splash, and even if there was, it was quickly extinguished.

I was very curious and found that the source was an Internet celebrity named Mu Zimei.

Back then, Mu Zimei posted a post on Maiwo, which caused a sensation on the Internet and attracted a large number of users. After Mu Zimei, almost all topics, hot spots, and controversial figures were taken over by Mai Wo.

Once or twice, it can be said to be a coincidence.

But for one or two years, it can only be said that it was intentional. It can even be said that 90% of the failure of blogs to become popular in mainland China is because of your existence. "

"I'm ashamed of what I heard, are you praising me or hurting me?" Yao Yuan picked another fat sausage.

"I'm weird..."

Xu Xindao: "Ninety-nine percent of domestic Internet products are copied from the United States, so you surprised our investors. You seem to have foreseen the short-term glory period of blogging, and you have been doing new types of social networking from the beginning.

The new social network in the United States started with Facebook, a company founded in 2004, and you were 2 years earlier.

Facebook now covers 2,000 colleges and high schools, just turned down a $750 million acquisition, and its valuation has grown exponentially.

And your community, with 60 million users and over 20 million monthly active users, is even more unique in terms of topicality and public opinion orientation. But today, it is at a critical stage, with bottlenecks on the top and chasing troops on the bottom.

The mainland's Internet user base is your bottleneck; due to the huge potential of Facebook, international capital has paid attention to new types of online social networking, which is chasing after them.

As far as I know, there is a new product called Xiaonei, and Chen Yizhou also founded 5Q. Chen Yizhou is very capable in attracting investment, and he will definitely be your enemy! "

(besides……)