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Chapter 106: The First Board Meeting

From Qin Zhen's mouth, he learned that Chenxing Capital and Yinshan were not only Waiwai investors, but also Duowan investors.

At the beginning of this year, Chenxing Capital even invested 4 million meter gold for the first round of Duowan!

This was the first time Lin Yuan knew about these extremely important information.

"Don't look at me? This is what Mr. Liu just told me, and I didn't know about it before!"

Seeing that his expression was a little serious, Qin Zhen emphasized: "It's not that Qiu Shui didn't say it in advance, but that Duowan had nothing to do with our business before!"

Lin Yuan looked at him and thought for a while.

Suddenly I realized that I had obtained these important news too slowly, and Wang Qiushui had no obligation to provide information to me.

"It seems that we still need to set up our own information investigation team, otherwise we will be too passive about financing and will not have any initiative!" He said calmly.

"They are not publicly promoting these financing information. They are not from the industry and cannot get first-hand news. Those who do investment banks will form a team to do these things themselves, but this expense is...

Qin Zhen learned a lot of information about investment banks from his senior sister.

"It just so happened that Wang Hong told me last time that he wanted to recruit some professional people and build a professional investigation team! You can also participate in it, share information, and share the cost."

His stock trading market gave Wang Hong a 10% profit commission, which was not only Wang Hong’s personal, but also the entire team.

At least how to divide the 10% commission is entirely allocated by Wang Hong himself. He has the ability to get it himself, and if he is not capable enough, he will give more points to professionals.

With the sharp increase in holdings in recent months, Wang Hong has the confidence to make requests and wants to form a professional team.

Therefore, Wang Hong recruits people, Lin Yuan needs to pay a little salary, and Wang Hong himself needs to divide a part of the team commission!

He was a little hesitant to form this professional team.

This time, I took this opportunity to truly build this business.

"Okay!"

Qin Zhen nodded seriously, and he always regarded Lin Yuan as his own side.

And Mr. Liu and Lei are always on the other side!

At present, Dowan only revealed an acquisition intention and asked the Waiwai team about its ideas.

"What do you mean by Mr. Liu and Lei?" Lin Yuan ate the spicy food and quickly took a sip of tea to help him.

"From the information I have learned so far, Mr. Liu and Lei always want us to accept the acquisition, so of course we will negotiate the price ourselves!" Qin Zhen was amused by his appearance.

"What do you guys think?" Lin Yuan learned his lesson this time and picked up a piece that didn't look very spicy.

"They have a simple idea and plan to follow my plan!" Qin Zhen saw that he was so spicy that he drank water, so he called the waiter, "Give me some light stir-fry!"

The waiter closed the door and left.

"I'm used to eating savory food with my friends every day. I don't eat spicy food for a long time. This resistance is no longer good! I used to be spicy."

Lin Yuan wanted to eat again, but considering his stomach, he had to eat less and looked up and asked, "What did you think about it?"

"My ultimate goal has not changed, it is to develop a game masterpiece! Now it's just a curve to save the country!" Qin Zhen said this at this time, feeling proud.

He is glad that he can achieve such success in one year of starting a business.

If there was no such person in front of me, I would probably have come to work in the Magic City.

"In fact, the market for game voice is very large. As long as millions of users can be online at the same time, even if the Penguin enters the market, it may not necessarily shake us!"

“It will be easy to go public by then!”

"As long as you go public, everyone will be billionaires!"

Lin Yuan simply tasted peanuts that were not very spicy and revealed his prospects.

"I thought about it, so I'm a little unwilling to give up! And the voice of the game can just drive traffic to the game. This is actually the same as Penguin's social traffic and using traffic to promote games..."

Qin Zhen smiled bitterly. He still had feelings for the products he created himself, and Waiwai Voice could also promote games in the future. This is a good basic industrial chain.

I definitely don't want to give up!

"Then I will first listen to Mr. Liu and Mr. Lei's ideas tomorrow. Even if you sell it, the price will be satisfied with everyone!" Lin Yuan smiled slightly.

"I mean that too. After all, we still have to respect the opinions of investors. Moreover, they hold the right to intervene in major matters and refinancing in the future, they have to nod..."

Qin Zhen told the truth, capital can provide blood to himself, or stop transfusions to himself at any time, or even prevent others from transfusions to him.

Moreover, Waiwai's revenue is still in a loss, because with the current user size, it is impossible to achieve large monetization. The little advertising revenue of the forum and Waiwai software is not enough to meet the cost of servers and personnel.

Waiwai's current rapid development must be based on continuous blood transfusions of capital.

Once the firewood is removed from the bottom of the cauldron and blood transfusion is stopped, you will die!

This is also the reason why Yu Hongyang had not asked Lin Yuan to guarantee the pursuit.

Lin Yuanshen agreed. What he was most worried about was that Chenxing Capital and Yinshan were all in the process of turning to Duowan and directly strangled Waiwai's blood transfusion duct to death.

Of course, capital will not play around without any necessity, so this is a process of compromise between the two parties.

That is, the common interests of the founder team and capital are maximized, and no one side wins alone!

In the past life, both Didi and Kuaidi were able to merge successfully. This is why the capital behind both sides is exerting their efforts to stop the money-burning war.

In the money-burning battle between shared bicycles, the capital behind both sides wanted to stop burning money and merge to divide the world, but due to various reasons, the merger failed and the capital directly left the market to stop losses.

So the little yellow car was left with a mess, which was the end of being abandoned by capital.

Even the two major live broadcast platforms, Douyu and Huya, had a money-burning battle, almost merged.

Therefore, in the wind, the founders sometimes don’t have many choices, and capital has a huge influence.

At the critical moment, the founder team cannot hesitate and must know how to stop whenever you see it!

After wealth and freedom, let’s talk about dreams!

The next day, Waiwai held a board meeting in the first sense.

During the meeting process, I first listened to the performance report of Waiwai CEO Qin Zhen.

"Thank you for your hard work by Mr. Qin!" Liu Qing nodded first to praise, very satisfied with this performance.

Mr. Lei made a special trip to fly from Hong Kong Island to the Magic City, and he also praised it.

Although we have known these performances in advance, seeing the real data now makes people sigh that the Internet is developing too fast.

This is the power of the wind!

"In the future, Waiwai will officially launch the next step of financing, which is expected to be in early 2008!" Qin Zhen continued.

There are still some capital flows in Waiwai, but they cannot last for next year. The financing matter cannot be avoided and must be made early.

According to Chenxing Capital and Yinshan’s Angel Investment half a year ago, as long as the number of users online reaches 100,000 at the same time within one year, even if the bet is successful, the first round of venture capital will be launched.

"The financing matter has not officially started yet, but don't worry, we will definitely follow up."

Liu Qing has clear primary and secondary points, and financing has not officially started yet. Today's main topic is the acquisition, so I signaled to Qin Zhen.

"The next issue, let's talk about the acquisition of Dowan this time!" Qin Zhen had no choice but to continue.

"Mr. Lei and I have no objection. We mainly want to hear the opinions of your founding team and Mr. Lin. We can raise any needs and ideas!"

Liu Qing was straightforward, made a clear attitude, and supported the acquisition intention, but allowed Waiwai and Lin Yuan to propose conditions.

"If it is acquired in full, the overall quotation is..."

Qin Zhen raised a finger.

Seeing everyone looking over.

"Mi Jin?" Liu Qing knew that it could not be Grandpa Mao.

Qin Zhen nodded.

This reminded Liu Qing of Qin Zhen’s first financing, and he only dared to ask Grandpa Mao!

Mr. Lei smiled bitterly because he knew that Dowan could not take out so much money and looked at Liu Qing.

Half a year ago, when the bet was completed, the valuation was 10 million meters of gold, so this time it could not be lower, it would only be higher.

100 million meters of gold, although it is just a quotation, it has increased tenfold!

This was not beyond Liu Qing's expectations. Obviously everyone has seen the potential of this market, otherwise Duowan would not have acquired it at this time.

Then everyone has a consensus on the value of game voice, and a high premium is inevitable!

In addition, Waiwai has already made good results and has occupied 60% to 70% of the market share, so the quotation cannot be low.

He knew that this offer could actually be cut, but even if it was cut, it would have to start at least 20 million meters of gold.

Chenxing Capital will not pay this money!

He didn't want to take care of this matter very much. He had already done his job of making a bridge, so he had done his duty.

As for who is willing to spend this money to get the Waiwai team out of the market, it will be a headache for Mr. Lei!

Fortunately, Liu Qing himself is also a beneficiary and will continue to pursue investment and expand equity normally next year.

The only one who feels uncomfortable is Mr. Lei who is trying to get opportunities for his younger brother.

Lin Yuan also smiled and nodded, echoing Qin Zhen’s decision!

Liu Qing looked at him twice about this action. According to investigation, Lin Yuan was extremely supportive of the founder team.

Although they are not the co-founders and joint actors on the surface, they can actually be said to be together.

This made Liu Qing happy that the major shareholder did not hold on to the interests, but also that the founder team had an important voice, and even he had to respect it himself.
Chapter completed!
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