The Rebirth of Wealth

As soon as the news of Li Dong's financing came out, the entire business community became a sensation.

There are many reasons for the sensation.

As a private group, the composition of shares in Yuanyuan is not unusual.

Many private enterprises are wholly-owned by the family.

However, it is almost invisible to realize private enterprises with a wholly-owned status above 10 billion.

The famous old godmother of later generations, the valuation at this moment is probably less than one-tenth of the distant group.

As for the giant Wahaha among private enterprises, the shareholding is actually very complicated. Said that it is a private enterprise, it is actually named, just like a state-owned enterprise.

Counting it down, the distance should be the only domestic privately-owned enterprise with a scale of over 10 billion.

In addition, there will be the boss of the richest man, Wang Da, who is still busy withdrawing the stock rights of the employees at this time, and has not completely completed the privatization.

For many times, Yuanyuan Group is still the easiest among the 10 billion group echelon.

The simpler the shareholding structure, the greater the operability of it, and the greater the profit that can be obtained from a distant shareholding.

In addition to this, there are many advantages in the distance.

The far-reaching industry of distant supermarkets, the distant supermarkets, has almost begun its national layout at this moment, and is even nearing completion.

In addition to a few state-owned retail groups, in the field of department stores and supermarkets, even if the distance is not the first, the top three are stable.

Another company that is similar to the situation in the distance should be Xinyijia, but the recent news of Xinyijia has frequently been received, and the previous general manager has been forced to leave, which has also caused the expansion of Xinyijia.

In the field of private department stores, it is not an exaggeration for Yuanfang Supermarket to call it an overlord at this time.

When e-commerce has not yet hit the physical industry, the retail industry is also the most cash-rich enterprise, and it is difficult for outsiders to obtain the opportunity to buy shares.

At this time, the distant place gave this opportunity.

The supermarket is one thing, but the supermarket industry attracts the attention of some domestic investment institutions.

Compared with these domestic investment institutions that focus on the entity, the major foreign capital institutions are more valued by remote malls and distant logistics.

In this self-operated logistics system, in the last e-commerce war, Li Dong gave full play to its advantages.

Yuanfang Mall was originally a lot weaker than Taobao, but in the end it was back in the logistics. Even if Li Dong lost a lot of money, there are still many people who are optimistic about the combination of Yuanfang Mall and distant logistics.

The previous JD.com also used this to attract a large number of investment institutions to pay attention to it.

Even if JD loses money every year, or even loses money after going public, capital institutions that are willing to pay for JD are still rushing.

Apart from the unclear prospects of real estate companies, the other three subsidiaries of Yuanfang Group have attracted the attention of a large number of investment institutions.

...

September 2.

Yuanfang Building.

Less than 24 hours after Li Dong revealed the acceptance of financing, the enquiry phone from afar was almost exploded.

meeting room.

Yuan Chengdao said with some excitement: "At present, we have received telephone inquiries from VC / PE institutions such as KPCB, DST, Defengjie, and Capital Today.

Several institutions are very optimistic about us, and hope to conduct a large-scale market research in the near future.

Of course, these eyes are focused on the mall and logistics, as for the supermarket ... "

Speaking of supermarkets, Yuan Chengdao hesitated and said: "Because our supermarket system is close to perfection, and our main national brand, some foreign capital is definitely not allowed to enter.

Domestic private equity funds are generally weak.

I am more optimistic about the olive branches invested by other companies in the same industry. Compared with other institutions, these peer companies can bring us more help and can also expand our channels and influence.

At present, China Resources and Bailian want to talk to us. President Li, do you think? "

Li Dong said lazily: "Is there no one other than these two? At this time, our goal is these two, you let these two cooperate with the distant place?

How did Su Guo get at the beginning, don't you know?

Originally, Suguo was already preparing to go public, and even in East China, Suguo defeated China Resources and Bailian.

In the end, Suguo became China Resources. If Suguo accepted financing from other channels, now China's department store retail sector may not be the only one in China Resources and Bailian.

The lesson is just there. Have n’t you considered this issue? "

Yuan Chengdao coughed and said: "We naturally considered these, but Yuanfang Supermarket is now highly valued, and our supermarket channels are close to perfect, VC organizations are discouraged. If PE organizations enter, the top priority is to prepare for listing.

And you said before ...

In addition, almost all large PE institutions are foreign capital, so if you want to accept financing, these companies that are also retail channels are more suitable.

Of course, it is not that no one else is interested in supermarkets.

There are many interested people, but there are not many institutions with this capital and strength. In fact, Jiangbei State-owned Assets Supervision and Administration Commission has euphemistically expressed this meaning.

The State-owned Assets Supervision and Administration Commission hopes to enter distant supermarkets in some other ways, including taxation and land mortgage ...

Or, in the form of currency, non-ferrous metals and Huaan Securities, which are units controlled by the SASAC, hold shares in distant places. "

Li Dongwen said a little helplessly: "It seems that Internet companies are more popular. Also, from the current point of view, Internet companies have a fast return rate and a high return rate.

Once listed, there may be a ten-fold and a hundred-fold return.

In the traditional industries such as supermarkets, assets are here, and most of them are mainly fixed assets. Even if they are listed, everyone can roughly estimate the increase. "

This is also the reason why many traditional industries do not choose financing. Without a solution, it is difficult for both parties to reach an agreement.

What investment institutions need is high returns, and traditional industries can hardly bring this explosive rate of return.

The underestimation of traditional enterprises by investment institutions has also dissatisfied enterprises. Like the distant supermarkets now, the actual value is probably over 10 billion yuan.

If it is replaced by an Internet enterprise, the enterprise of this value is likely to be valued several times or even dozens of times.

But in fact, the major investment institutions have little difference between the valuation and actual value of distant supermarkets, let alone dozens of times, doubling is a dream.

On the contrary, the remote malls with low actual value are more likely to be favored by investment institutions.

Li Dong also said that casually, traditional industries are so bad, there is one thing that Internet companies cannot compare.

That is stability. Traditional enterprises with large amounts of tangible assets are much more resistant to risks than Internet companies, as well as in terms of social influence.

There are tens of thousands of Internet companies today. Apart from BAT, how many have social influence?

Different from a real enterprise, a large-scale physical enterprise has a large local influence and involves all aspects. In the event of a crisis, the government's first reaction is to rescue the market and reorganize the enterprise.

And what about Internet companies?

If you fall, you will fall. Do n’t fall too much every year, and you do n’t see a few local governments arranging for them.

All thoughts flashed in my mind, Li Dong didn't say much, and went straight: "Then this time, we will take Yuanfang Mall and Yuanfang Logistics as the main body, and you are responsible for contacting those investment institutions.

As for supermarkets and real estate, since people are not optimistic, then we don't have to rush to the door.

For the time being, put aside the financing plans of these two companies to see how much the other party can offer us. "

Yuan Chengdao did not refute his words. After all, the market is here. Supermarkets and real estate companies are indeed not as popular as malls and logistics.

However, when thinking of Li Dong's tens of billions of financing plans, Yuan Chengdao still reminded: "Mr. Li, if shopping malls and logistics alone are the main body, the possibility of financing tens of billions is not high."

"Why do you say that? When Ali got $ 1 billion in financing, it wasn't so far away from us. Not to mention that we still have logistics, and tens of billions is just over a billion dollars.

What's more, at that time, Yahoo not only provided US $ 1 billion, but also all Yahoo's domestic business, brand and technology use rights, and finally exchanged 40% of the shares and 35% of the voting rights. "

Yuan Chengdao nodded and said: "It was true at the time, but Ali just defeated eBay at that time, and the other party's main business at that time was not Taobao, but his B2B business. But we are a single mall here ..."

"Who says we only have a mall? As the second instant messaging software in China, PP is a bit big compared with QQ, but it is also the second. Isn't it worth it?

The other is the Wankao business. Although the market share is currently low, there can be a bottom in the remote mall. Sooner or later, the 50 million users in the remote mall will be converted into million cartoon users.

Is it worthless?

There is also a Weibo that will be online soon. Why, it's not taken seriously, what's wrong with it?

You do not see the advantages, it does not mean that others cannot see.

Ten billion yuan is only 1.3 billion US dollars, and our distant logistics is not only so much money!

You all look down on the distance, and hope that others can afford it?

We are the second child in all respects, but it is because the second child has the opportunity to counterattack, the return rate is higher, and the future is more likely.

According to my psychological price, the remote mall includes distant logistics, and it is still possible to priced at 10 billion US dollars ... "

He didn't finish talking, and everyone looked at him in dumbfounded.

How many?

Ten billion dollars!

Did they hear it wrong or did Li Dong say the wrong unit?

At the current exchange rate, tens of billions of dollars, that is more than 80 billion yuan.

International joke is almost the same, even the current market value of Tencent is only 10 billion US dollars, and Tencent has been listed for several years, can it be the same as the distant mall now?

Seeing everyone watching him like this, Li Dong frowned: "What's wrong, don't you believe it when I say tens of billions of dollars?"

Yuan Chengdao said a little embarrassedly: "Mr. Li, it's not that we don't believe it, but we are still in the development stage after all. If our own valuation is too high, we may have a huge psychological gap."

Li Dong seemed to smile with a smile: "Then you say, how much is the value of our current remote mall including distant logistics?"

Wu Shengnan on the side asked: "Does it count Yuanyuan Logistics Park and Sichuan Airlines?"

"Count."

Wu Shengnan thought for a moment and said: "According to my psychological budget, it is probably around 15 billion yuan."

Li Dong did not answer, and looked at Qin Hai with a smile: "Qin, you are the CEO of the logistics company, what do you think?"

Qin Hai said dumbly: "Distance Logistics still has great potential to be tapped. I think that with the addition of Distant Mall, there should still be 20 billion."

"Mr. Yuan, what about you?"

Yuan Chengdao didn't know what Li Dong meant, and thought about it for a moment: "It's almost the same as General Qin. Let's take an intermediate value, probably between 15 billion and 18 billion."

"That's about 2 billion US dollars?"

Everyone said nothing, in fact, this is indeed their psychological price.

And that's overestimated.

According to the actual value, as well as the distant investment in these industries, it should be nodded at 10 billion.

But financing, overestimating some normal.

Seeing everyone's expression, Li Dong smiled and said nothing.

At this time, he heartily wanted to recruit a few Internet elites, your sister, are these guys confused if they are engaged in industry?

Distant mall plus distant logistics, according to the actual output value, I am afraid that they have exceeded 10 billion. As a result, these people calculated for half a day and gave a value of about 15 billion.

If they do so, if they want to raise tens of billions of dollars, at least they can get nearly half of the shares.

If you change to the CEO of a group such as Ali or Tencent, you would definitely not think so.

Originally, Li Dong was really a bit of a financial idea. As long as he didn't move the supermarket, he could spend some money to develop, but his psychological rejection was not that great.

But at this time, Li Dong completely broke his mind.

If they came according to their ideas, he would simply give money to others.

The second largest shopping mall, the second largest instant messaging software, will soon become the second payment business, and the upcoming Weibo ...

These are also shopping malls, logistics, thousands of stores, several distribution centers, several major storage centers, Sichuan Airlines, Yuanyuan Logistics Park ...

I'm really bankrupt, and I won't sell 10 billion!

Having made up my mind, Li Dong said with a smile: "Then talk about it according to your ideas. Of course, how to quote the price, without me teaching you.

Do n’t easily expose our bottom line and let other investment institutions see for themselves. You should understand this.

Well, without further ado, it ’s up to you how much you can finance. I ’m afraid to deal with these institutions. You can talk for yourself.

Come here today, Liu Hong stays. "

Waiting for everyone to leave, Li Dong asked Liu Hongdao: "Manager Liu, you should know the mall better than them. How much do you think the valuation of the mall and logistics can be?"

Liu Hong did not expect Li Dong to ask this question when he left himself.

After hesitating for a moment, Liu Hong said cautiously: "In 2003, even when eBay was sold, it was worth more than 200 million US dollars. At this time, both users and influence are more than ten times more than eBay in 2003.

This is just a mall business, and there are other businesses such as PP and Wancao. Together, I think $ 3 billion is worth it.

Coupled with the logistics system, the complementary effects produced by the two sides complement each other, which may not reach the 10 billion US dollars that Mr. Li said, but I think the expected value of 5 billion US dollars can still be achieved. "

Li Dong smiled and squinted: "Do you know that Ali has planned to go public recently?"

"Slightly heard."

"They split their B2B business listing, excluding Taobao, after this listing, the market value should be able to exceed 150 billion Hong Kong dollars."

Liu Hong was shocked, and Li Dong said slowly: "Of course, people's B2B business is powerful. This is undoubtedly, we can't compare with them. But after all, the remote mall does not reach one tenth of others, you Is that correct? "

"Surely more than that."

"In addition to Taobao, if Ali is listed, the total market value should exceed 200 billion. Even if we are one-tenth of the other party, the $ 3 billion you just said is almost the same."

Li Dong said with a smile: "The valuation you gave is not bad, plus logistics of 5 billion US dollars, almost 40 billion. But it seems that Mr. Yuan does not agree with them, and the value is not as good as you said. Half of this, is this Xishi in the eyes of lovers? "

"Although the distant place started with retail, the mall started late, but it does not mean that it is worthless. People, it seems that there are limitations."

With a few words of emotion, Li Dong, regardless of whether Liu Hong understood or not, turned to the topic and said: "Okay, I won't discuss these for the time being."

"Let's talk about Weibo. Will Weibo go online tomorrow, are you ready?"

Liu Hong immediately looked serious and said: "I've been ready for a long time! Weibo on-line matters ~ www.wuxiaspot.com ~ We have been preparing for half a year, there will be no problems."

"That's good, don't be too high-profile on the first day, let everyone know for a while." Li Dong continued: "When we are familiar with how to operate, it will be time for us to work hard."

"Recently, if you pay attention to online hotspots, I need to have a topic that everyone pays attention to as soon as possible, and use this opportunity to stir up Weibo."

Liu Hong seemed to understand: "Okay, I understand."

Seeing his expression, Li Dong knew that he probably didn't quite understand what he meant. In fact, Li Dong just reminded him.

The reason why he chose to put Weibo online at this time, because soon there will be a big event that the people are hotly discussing.

In the past, Li Dong was preparing to launch Weibo during the National Day celebrations.

But two days ago Li Dong just saw a report, which just reminded him.

The Jinling Peng Yu case is about to be judged!

According to the report, the case No. 4 will be judged.

Before the verdict was issued, few people paid attention to the Peng Yu case. This kind of civil dispute is not worth your attention.

However, no one expected that this trivial small case, the final verdict will cause so much controversy.

Whoever is right or wrong, Li Dong is not a party and will not be evaluated.

Whether moral decay or not, Li Dong has no ability to change all this. Since this cannot be changed, it is best to take advantage of the situation and let yourself get benefits.

Such a controversial judgment is the most likely to drive a storm of public opinion.

At this time, Weibo just happened, as long as Li Dong let some popular stars drive the topic, a trend will soon form.

Driven by public opinion, maybe the truth will still be returned, and Li Dong thinks he should not be too snobbish.