Reborn Nobleman: Starting From Eagle Sauce, He Made Hundreds Of Billions

More opportunities also mean more competition.

Although it was a bit unexpected that Youtuan.com had not fully grown up and was already noticed by the capital giants, it had already happened. What’s the point of regretting it now?

The most urgent task is how to deal with the thousands of competitors in the future, survive and kill the competitors. This is the most important thing.

“Chairman, what should we do now?”

“How much money is left in the company’s account now?”

Su Chengyang asked

“There are probably about 20 million left.

Yao Wenjing thought for a moment and replied.

“In this way, we can invite three investment institutions, Sequoia, Hillhouse and IDG.”

Yao Wenjing was puzzled when he heard this.

“The chairman did not invite SoftBank? They offered the highest price.”

“And Alibaba’s offer is higher than IDG’s.”

Su Chengyang said in a deep voice:”Remember, you can accept money from anyone, but you can’t accept money from the Japanese. This is an iron rule. The Japanese have not sincerely apologized for the blood debt decades ago. How can we accept Japanese capital to make money from our country?”

“Mr. Yao, making money is important, but sometimes, we must not forget the bottom line. We cannot live in peace today because our ancestors shed countless blood and fought for it. We cannot do things that will disappoint them. Therefore, as long as Shanhai Group exists, it will not accept any investment from the islanders.”

Yao Wenjing’s face became serious and he nodded heavily:”Chairman, I understand.”

“Um~~”

Su Chengyang said calmly:”As for why we don’t accept Ali’s investment, it’s very simple, because we will soon become competitors.”

“Competitors?”

Yao Wenjing looked surprised.

Alibaba is an e-commerce company, so it seems that there is no business conflict with Shanhai, right? Su

Chengyang explained for him:”Weibo will start social e-commerce business in a while, and conflicts will be inevitable!”

“They are all enemies anyway. It is better to reject them now than to be stabbed in the back.”

“But if we refuse to cooperate with Ali, what if we anger Ali and the platform payment stops cooperating with us?”

Yao Wenjing was a little worried.

The core of group buying websites is online payment.

Once online payment is gone, it will be closed in a matter of minutes.

After all, not everyone is willing to use online banking payment.

Now most people choose Alipay, followed by Tenpay, online banking and other payment methods.

“Don’t worry about the payment. The company has already prepared for it. It will be online in about ten days or half a month.

By then, if Alipay is determined to break off cooperation, we will have our own platform. At most, we can take out 100 million yuan to subsidize users who register for the payment platform. Don’t worry too much.”

Hearing that Su Chengyang had already prepared and it would only take ten days or half a month to go online, Yao Wenjing was relieved. As long as the payment problem was solved, he would have no worries and could boldly deal with the next group buying war that Su Chengyang mentioned.

“You go and notify the three companies at 2 o’clock this afternoon.”

“OK, Chairman!”

Yao Wenjing nodded, then stood up and left the office quickly.

Su Chengyang sat in a chair, thinking with his eyes closed.

He was not short of money. When he was in Pengcheng, he injected another 15 billion yuan into Su Lao’s Yucheng Group, and then invested more than 100 million yuan in group buying, League of Legends, video websites, film and television companies, etc.

Despite this, he still had about 81 billion yuan in his account.

Even without financing, Youtuan.com could have sufficient capital in the next thousand-group war.

But he didn’t do it.

The reason is very simple. With the advent of the thousand-group war, the group buying market will be very competitive, and a lot of money will be burned. In order to attract users, massive subsidies will be provided.

Users There is no loyalty, as long as the store is cheaper, they will go to place an order.

Merchants cannot sell things at a loss, so in this case, the only thing the platform can do is to keep burning money to subsidize users.

In order to eliminate all competitors, according to past experience, at least two or three billion yuan must be burned.

And if group buying websites want to make a profit, they only need to eliminate all competitors, monopolize or occupy a large market share, and not engage in price wars before they can make a profit.

This means that the group buying business will be in a loss-making state in the next few years, and the loss will change with the intensity of competition.

Su Chengyang doesn’t want to spend two or three billion, or even more, to compete in the group buying business. Such a large sum of money… , used in other businesses, such as smartphones, battery technology, operating systems, etc., the benefits brought are greater.

Therefore, introducing investors and using their money to burn becomes the best choice.

In addition, there is another benefit to bringing in money from venture capital institutions.

It can effectively restrain the development of some competitors.

For example, Sequoia invested 1 billion US dollars in the Youtuan project. With such a huge investment, it is natural to hope that Youtuan.com can dominate the group buying market and then go public to cash out.

Before going public to cash out, Sequoia certainly does not want Youtuan.com to go bankrupt. After all, if Youtuan.com goes bankrupt, then the 1 billion US dollars they invested will be wasted.

In this case, Several leading institutions that invested in Youtuan.com will do everything they can to help Youtuan.com win.

Perhaps they will put their eggs in two baskets, or three baskets.

Then wait for the right opportunity and eventually push for a merger between the two companies, just like the merger of Dianping.com and Meituan.com in the previous life. However, as long as the controlling rights and voting rights are in his hands, it is not the leading institutions that have the final say on whether the merger is a success or not, but he has the final say.

Moreover, with sufficient funds, he can propose financing or increase capital and expand shares at any time, thereby further diluting the equity of the investment institutions.

Therefore, there is no need to worry about the venture capital institutions becoming bigger and affecting his control over Youtuan.com.

For these reasons, Su Chengyang decided to introduce capital….

In the afternoon, in the conference room,

Su Chengyang met with representatives of several venture capital institutions who were invited to come.

Seeing Su Chengyang come in, those who didn’t know him were guessing his identity. Some of them guessed his identity. After all, Yao Wenjing was two steps behind Su Chengyang, and it was obvious that he respected Su Chengyang.

Considering the background of Youtuan.com and the legend about Su Chengyang, it was not difficult to guess his identity.

As expected, the young man in front of him sat in the main seat and said with a faint smile:”Hello everyone, I am Su Chengyang, the boss of Youtuan.com. I am very happy to meet with all the excellent investors. I hope we can have a pleasant cooperation.”

Papapa~~

The representatives of the venture capital institutions present were still very respectful.

Speaking of which, Su Chengyang is in the same industry as them, and he became famous at a young age. He invested in several projects, all of which were very popular.

Twitter is valued at more than 3 billion US dollars.

And Weibo, which he founded, is also valued at more than 10 billion US dollars.

And the”League of Legends” of Riot Games, which he represented, is also very popular.

Now, another Youtuan.com has emerged. After more than two months of low-key development, it has exceeded 20 million registered users. That’s fine, but the key is that the transaction volume is as high as 1 billion yuan, and it is online, which is not a small number.

After carefully studying the business model of Youtuan.com, they are convinced that if the current situation continues, the company’s future market value is likely to reach the height of Google, and a market value of 100 billion US dollars is by no means the end.

It is precisely because of seeing such a prospect for Youtuan.com that they have gone crazy and rushed to give money.

Su Chengyang looked around, raised his hand slightly, and the applause stopped immediately.

He smiled and said,”I like to speak quickly and don’t like to beat around the bush. You all know the potential of Youtuan.com without me telling you.”

“Regarding Youtuan.com’s Series A financing, I am not satisfied with your valuation. 2.8 billion, or even 2.6 billion US dollars, is completely underestimating Youtuan.com.”

“There is a group buying website in the US called Gaopeng.com. I don’t know if you know this company, but it only has 10 million registered users and its transaction volume has just exceeded 20 million US dollars. Google’s offer is 3.3 billion US dollars.”

“Youtuan.com has twice as many registered users and its transaction volume is six or seven times that of Gaopeng.”

“Moreover, Gaopeng’s business model has limitations, as it requires daily group meetings, while Youtuan.com is a large platform model, which you can understand as a treasure-hunting model. Such a large platform, and the future business model, is a two-way charging model, targeting market groups and a larger scale.”

“Do you still think that Youtuan.com is only worth 2.8 billion US dollars?”

Su Chengyang’s words directly made the representatives of the three investment institutions present speechless.

I have heard about Gaopeng.com.

It is true that as Su Chengyang said, Google is indeed interested in offering 3.2 billion US dollars to acquire this company that has been established for less than a year.

And it is also true that Su Chengyang said that in terms of pattern, foresight, and from the perspective of platform, Youtuan.com has more prospects than Gaopeng.com.

It’s just that they have to increase the valuation.

287 means that the same shares will cost a lot more money.

“I wonder what Mr. Su thinks is the appropriate valuation for Youtuan.com?”

After a moment of silence, Xiong Xiaoge, the representative of IDG Longguo District, asked.

Su Chengyang glanced at him and smiled faintly,”Mr. Xiong, this is a good question. What is the appropriate valuation for Youtuan.com?”

“Different people have different answers to this question.”

“In my mind, Youtuan.com will have a market value of at least hundreds of billions of US dollars in the future, surpassing Penguin, Baidu, and even Alibaba’s super platform-type Internet giants, and become a world-class enterprise.”

“So, in my mind, its valuation is hundreds of billions of dollars.”

Evaluated hundreds of billions of dollars?

Xiong Xiaoge’s face darkened.

Do you still have any shame?

Microsoft and Google are only worth one or two hundred billion dollars now. You, a company that has been established for less than two months, dare to compete with these global Internet giants?

The representatives of the other two companies are not good either.

“Mr. Su, I admit that Youtuan.com is a very promising project, but it is a bit overestimated to compare it with Microsoft and Google!”

Su Chengyang smiled and said,”I said, different people have different valuations in their hearts.”

“Okay, everyone, let’s speak frankly.”

“This time, Youtuan.com will take out 20% of its shares for financing at a price of US$1.2 billion.”

“If you are interested, you can stay and discuss in detail. I can guarantee that this investment is definitely worth it and will bring you 10 times or even 100 times the return in the future. It depends on how you choose.”

After that, Su Chengyang stood up and said slowly:”I have something else to do, so I’ll leave first”

“Mr. Yao.”

When Yao Wenjing heard this, he stood up immediately.

“Mr. Yao, I’ll leave the rest to you!”

Su Chengyang said with a smile.

Yao Wenjing:”Yes!”

“Excuse me, everyone.”

Su Chengyang showed an apologetic expression to the few people, turned around and left the meeting room, leaving Xiong Xiaoge and the others with complicated expressions. After being investors for so long, it was the first time for them to see such an awesome person, who actually left them and the investors behind.