Reborn? The Kind You Can Choose!

Xiangjiang, Yangtze River Center.

It was another busy day. Ma Huateng rubbed his temples and glanced at the office behind him with a headache.

The day for Penguin's Hong Kong stock listing is getting closer and closer, and the investor promotion meeting has been scheduled for June 2 next month, which is still half a month away.

Then there will be a half-month road show to determine the actual launch date.

At present, Goldman Sachs International has confirmed Penguin's application for listing in Hong Kong. Ma Huateng has been meeting in Hong Kong recently to discuss the financing scale and price-earning ratio with Goldman Sachs.

However, major differences arose.

At the strategy discussion meeting, Goldman Sachs believed that the plan proposed by Penguin should be reduced by at least one-third, while Ma Huateng believed that because people in Hong Kong knew little about the mainland market, Penguin's value was underestimated.

Goldman Sachs valued Penguin at HK$3 billion; Ma Huateng insisted that it was at least HK$4 billion, which was a full 1 billion less.

The two parties have been discussing this number for a whole week, and neither side is willing to give in.

"pony, no matter whether you agree with the final listing valuation given by Goldman Sachs or not, the prospectus still needs to be written..."

Liu Zhiping, executive director of the Asian Investment Banking Department of Goldman Sachs, smiled bitterly at Ma Huateng, who had just walked out of the conference room. He was actually on Ma Huateng's side.

After all, the listing cooperation between Penguin and Goldman Sachs was facilitated. For him, it was a good thing that everyone was happy with.

"They won't give in at all. How do you want me to talk to them?"

Ma Huateng said angrily to Liu Zhiping, who shrugged helplessly: "pony, do you know the mentality of investors? They are afraid that the valuation is too high. If it breaks, it will be a fortune for Goldman Sachs. A huge loss in business!”

"Of course they are unwilling to overestimate the valuation, and...no one can say that the current situation of Tongtong.com is too good. After all, it is not the number one social networking site on the market!"

“Goldman Sachs is quite conservative in this regard!”

Liu Zhiping patiently persuaded Ma Huateng and shook his head: "Zhiping, please stop talking. You should know better than I do about the situation of the classmates network. There was no such website a month ago!"

"Goldman Sachs' valuation is 3 billion. Now there is an additional classmate network. Although it is not profitable yet, it is still valued at 3 billion. Don't you think they are lowering the price?"

"Moreover, the development of the classmates network in the past month is obvious to all. It is quite benign. The interaction between QQ users and the classmates network is also very good. They are still following this trend.

30/Z?"

The more Ma Huateng talked about it, the more angry he became. These old beauties were simply bullying people to the extreme, and they didn't even try to lower the price this much!

yes!

Penguin relies on them to go public, but the valuation of 3 billion is indeed far from Ma Huateng's inner market value of listing. Such a price is unacceptable to him.

"Okay, I'll talk to Goldman Sachs for you!"

"If that still doesn't work, I think you can contact JPMorgan Chase, Merrill Lynch, or Morgan Stanley. They may be able to give you a higher valuation..."

Liu Zhiping gave his advice, and Ma Huateng nodded: "Okay, thank you for your hard work, Zhiping!"

"You're welcome, I really want to help Penguin go public, and I can make a great deal!"

Liu Zhiping sighed there, and the cell phone in Ma Huateng's pocket suddenly vibrated.

"Hey, Zhidong!"

Ma Huateng picked it up, and Liu Zhiping next to him had already entered the conference room and continued to discuss Penguin's listing with representatives of Goldman Sachs International.

"pony, the school network, has been updated again, this time it is a major version 3.0!"

When he said this, Zhang Zhidong's voice was a little weak.

"Xiao Nei Network 3.0? So fast?"

"They released a new version so quickly?"

Ma Huateng was shocked.

"Yes, and...a lot of content has been updated!"

After Zhang Zhidong finished speaking, he couldn't help but said: "pony, how about... forget it, let's focus on social software and let Xiaonei.com focus on social networking sites. We can't do anything wrong.

Maybe we can cooperate and work together—"

"Zhidong, what happened?"

"Is it the updated content that we can't handle?"

Ma Huateng heard the despair in Zhang Zhidong's words, and Zhang Zhidong had no choice but to say: "pony, you will know if you look at it yourself. This update of the school network should be a drain on the fire, and it has not given us a chance at all!"

Speaking of this, Zhang Zhidong also relaxed: "Yuan Zhou... is much scarier than we imagined!"

"The 300 million users of NetEase Mailbox have just been completely surpassed by Email Mailbox!"

"Fmail?"

Ma Huateng was stunned. How come he had never heard of such a special email address?

And weren’t we just discussing the school intranet?

Why are you talking about your email address again?!

"You haven't been in Xiangjiang these days, so you don't know about the Fmail mailbox at all, right? This is an mailbox product launched by Yuanzhou Technology. It only took 3 days for NetEase Mailbox to completely collapse!"

"To be honest, I feel a little shuddering..."

"What? Yuanzhou Technology's email product? Was it also developed by Yuan Zhou?"

Ma Huateng was instantly shocked.

Didn’t I just hold meetings for a week?

Why did such a big thing happen to Huaxia Internet, and he didn't know anything about it: "Zhidong, why didn't you tell me?"

"Three days...I didn't know it on the first day. I just came into contact with this email product yesterday, and today the marketing department reported to me that the NetEase email department is finished!"

"To be honest, I don't even have time to digest this speed!"

Zhang Zhidong's words were full of speechlessness, and Ma Huateng was completely petrified.

3 days!

A product in 3 days directly defeated NetEase, the email leader on the market?

What kind of magical software can achieve such efficiency?!

"That's why I say, Yuan Zhou is much better to be a friend than an enemy!"

"Forget it, let's take a look at the updates on the school network first!"

Zhang Zhidong's words were full of a deep powerlessness, which was completely unpleasant to Ma Huateng's ears.

Has he ever seen his classmate with such a negative side?

If he had to resist, he would definitely not say these words.

It seems that this update of the school network has completely hit Zhang Zhidong.

Thinking of this, Ma Huateng couldn't even attend the IPO meeting and rushed directly to the hotel where he was staying. He had to log in to the computer to take a closer look at the updates to the school network this time!