Reinventing the Millennium

March 21, Thursday, Jinmao 23rd floor, medical group investors meeting.

At 9:30 in the morning, the meeting was held on time, and representatives from various venture capital institutions arrived.

However, Big Boss Fang Zhuo was late and did not show up. The reason was that the city leaders had a temporary communication to do about a new land acquisition, so the meeting was held first and he would come over immediately after handling it.

Then... what can be done?

Let’s open it first.

Of course, the leader's time is precious, so how can the hard-working venture capital be better than that?

The representatives of each family were helpless, and some of them felt quite sad.

However, IDG President Xiong Xiaoge said that it could be opened first, and it was difficult for others to give any objections. They communicated while listening to Zhou Xin, the president of the medical department, talk about the current situation of the company.

Compared with the early registration website that made venture capitalists cry, the medical science mentioned by Zhou Xin gives people a completely new look of the company.

The registration network is still running healthily. Regardless of the original profit concept, it still provides convenience to patients and their families. This convenience is directly proportional to the distance.

According to Zhou Xin's discussion, the Medical Group's plan for the next two years is to make all computer and information textbooks across the country include instruction on how to use the registration network, making the popularization deeper and more permanent.

In addition to traditional business, Zhou Xin even more excitedly described the basic information construction services provided by Medical Group for hospitals across the country. He described this field as a growth track full of vitality.

"Mr. Zhou, don't make excuses. I have a question. Why didn't you mention the online sales of medicines in Medical Science? As far as I know, Medical Science has an exclusive license from the above department. Why didn't you mention it? You want to avoid us. Do you overestimate the company’s market value?”

Lin Jia from 3i Group directly raised a question.

He continued to say without giving any face: "Everyone knows that e-commerce is the hottest concept now, and the medical department has an exclusive online license. Isn't this worthy of your special mention, Mr. Zhou?"

This question is reasonable.

Although according to what has been communicated today, regardless of the valuation, it is a repurchase at twice the price.

However, no venture capital firm can give up so easily in seeking a higher price, and a higher price will undoubtedly come from the company's current valuation.

Zhou Xin did not panic when faced with doubts. He carefully explained the direction of the company's strategy and made a judgment: "Medicine is not yet a strong demand in e-commerce, and the entire industry's ecosystem is not mature enough."

He asked Mr. Fang and got this answer.

Zhou Zisen from Dachen Venture Capital, another venture capital firm, also had objections: "Mr. Zhou, are you hiding it from us? What do you mean by not being mature enough? You're prevaricating!"

Zhou Xin's face didn't look good, and he really spoke from the bottom of his heart.

There are a total of eight companies participating in the meeting today. Except for IDG, Today Capital, and Shenxin Technology, the other five companies are making a bit of noise.

Wang Fengyi from Shenxin Science and Technology couldn’t bear to accept it and said: “Didn’t we talk about it before coming here? This redemption will not depend on the valuation.”

Lin Jia from 3i Group chuckled: "Yes, of course you Shenxin doesn't have to read it. You've earned it from other places. Can't we even ask?"

Wang Fengyi was stunned.

Together with Xiong Xiaoge and Xu Xin, they were all gagged and could not say anything else.

There was a bit of chaos in the conference room for a while.

Zhou Xin tried several times, but to no avail.

In the past two years, domestic venture capital has developed rapidly. These people who were once senior executives have met more vice presidents and presidents of the company, and they do not take Zhou Xin seriously at all.

Investors have money in their hands and go sideways wherever they go.

Duang.

The conference room door was pushed open.

Fang Zhuo and Su Wei hurried in.

"It's so noisy and everyone is chatting? Didn't I ask you to have a meeting first?" Fang Zhuo said a little strangely.

The big boss arrived and the conference room fell silent.

Fang Zhuo glanced twice, briefly judged the situation, and nodded generally as a greeting.

He didn't waste any time and said directly: "Those who want redemption raise their hands."

"If you don't want to quit, you can go to the conference room next door and wait for a while."

No one moved, no one raised a hand, no one got up.

Lin Jia, who had previously questioned Zhou Xin, said tactfully: "Mr. Fang, whether to quit or not, let's decide after clarifying the situation."

Fang Zhuoyi frowned: "You don't raise your hand, and you don't go to the next door. Come on, come on. Sit here and let me see what you have to say."

Lin Jia's face turned red, but she felt familiar in her heart. It was Mr. Fang, it was Mr. Fang, it still smelled like this!

"Ahem, Mr. Fang." Xiong Xiaoge spoke, and his tone was very tactful, "The main reason is that we haven't understood the company's situation for a long time, and we really want to make more judgments."

Fang Zhuo glanced at his old friend and said, "Mr. Xiong may not advance but retreat, but you are a shareholder of Yike. You can say whatever you want."

Xiong Xiaoge was startled, come on, the left and right are not human beings.

Forget it, forget it, just take care of your own house.

Without saying a word, he simply stood up and walked to the next meeting room, unwilling to quit the medical group.

With one person leading them, Shenxin and Capital Today went next door without saying anything.

Fang Zhuo looked at the remaining five companies, turned to Zhou Xin and said, "These are the ones who agreed to have their shares redeemed. Statistics, contracts signed, and money paid."

After he finished speaking, he stood up and left, as if he had finished the matter.

Zhou Zisen from Dachen Venture Capital was anxious, but still said firmly: "Mr. Fang, let me just tell you, why is Medical's online pharmaceutical sales not a focus of the company?"

Fang Zhuo glanced at him and replied concisely: "The ecological environment is immature."

Zhou Zisen immediately said loudly: "Okay, I believe in Mr. Fang's judgment."

Immediately, he turned around and went to the next door.

Zhou Xin:? ? ?

What's the difference between this and what I just said?

I haven’t explained it clearly yet!

It’s so bullying!

However, one is the feeble explanation of the CEO of Medical Science, and the other is the sharp opinions of the chairman of two major listed companies, Sina and Yike, the richest man in mainland China, and a rival to Sony. They really do not have the same weight.

With Zhou Zisen taking the lead, two other families followed him to the next door.

In the end, only two VCs were left in the room who were willing to exit.

"Thank you for your consideration in the past two years. I won't say more. We will redeem it at 2.5 times the price."

Fang Zhuo was a little surprised that only two companies withdrew, but he still maintained his concise style today and gave an extra 0.5 price.

The two venture capital firms were a little reluctant at first, but their own institutions were short of funds recently, so they had no choice but to withdraw. When they suddenly heard that the price had increased, they felt much better.

"Thank you, Mr. Fang. We actually believe that the medical field still has development potential, but we are short of cash now. Alas, I hope there will be opportunities for cooperation in the future."

Fang Zhuo finally felt a little more emotional: "I understand, I have also come through the embarrassing period of the registration network. Come on, now is a good era."

The two VCs suddenly felt more grateful. Mr. Fang, Mr. Fang, he really understands us!

In the conference room, both parties shook hands heavily.

The investors of the registration network in the old era and the medical chairman in the new era reached a mutually empathetic reconciliation.