My Age of Investment

  Chapter 598 Related party transactions (seeking monthly ticket)

After Li Xiang, Wang Wei, Xie Zhenyu, Yang Haoyong, and Zhang Tao returned to the company, they spent three days in restlessness and anxiety, and finally waited for Xia Jingxing's call!

  Vote!

  A concise and concise word, to them, it is no less than natural.

  A man who was dying of thirst finally waited for a drop of water.

  The five people did not hesitate, and once again hurriedly rushed to Jinmao Building and signed the deed of sale.

  Xia Jingxing was only responsible for general direction control, and did not stop talking about prices.

The development of   Vision Capital is now gradually on the right track. He does not need his meticulous management. A lot of execution work has been handed over to Fu Jixun, Rao Lei and others with confidence.

  For general venture capital institutions, before deciding on a certain investment, it is normal for the decision-maker to meet with the founder and have a chat. It is not said that only a middle-level or senior executive will be passed on.

  On the one hand, the final decision maker has the meaning of investigation, and on the other hand, it is also showing importance.

  At least in form, it will make the founder feel respected and courteous.

  In terms of value and the amount of funds under his control, Xia Jingxing easily crushes this veteran domestic venture capital institution.

  He has no affection for these older generations, even ignoring the unspoken rules of the industry and not engaging in series cooperation.

   But for getting along with the founder, he still abides by the industry standards, and did not say that he ignores this group of people, and even has a good relationship with this group of people.

  Nevertheless, when it comes to slaughtering the valuation, it is not hesitating. After all, business belongs to business, one yard goes to one yard.

   And he didn’t end up in person, it was Fu Jixun who carried the knife for him.

  In the meeting room on the 49th floor of Jin Mao Tower, Fu Jixun talked about valuation with the five founders one by one.

  "Tudou.com's first round of financing was valued at 75 million U.S. dollars. Now that half a year has passed, I think the pre-investment valuation of 120 million U.S. dollars is almost the same..."

  Wang Wei frowned. Before, some venture capital agencies offered Tudou a quote of $150 million.

  But now the situation is different, and he has no other choice except Vision Capital.

  "Vote 30 million dollars!"

  Fu Jixun looked at Wang Wei who hesitated and threw a heavy weight again.

  Wang Wei's eyes brightened when he heard this. This is a big deal, and it directly refreshed the domestic online video financing record.

  Compared with surviving and expanding the website, diluting some equity is not difficult to choose.

   "Okay, I sign!"

  So, Envision Capital and Tudou signed a Series B investment agreement.

  The original 33.33% equity held by Lichun and Jingzhe was diluted by 20% and reduced to 26.67%. Together with the 20% of the new share capital of 30 million U.S. dollars, the shareholding in Tudou reached 46.67%.

  Concocted in accordance with the law, Fu Jixun signed an agreement with the other four in turn.

  Ganji.com raised US$5 million in Series A financing, and Envision Capital’s shareholding increased to 49.38%.

  Autohome’s Pre-A round of financing was US$3 million, and Envision Capital’s shareholding increased to 51%.

  Kugou Music’s A+ round of financing of US$10 million, Envision Capital’s shareholding increased to 43.75%.

  Dianping Dianping raised 5 million US dollars in Series A+, and Envision Capital’s shareholding increased to 43.75%.

  Among Dianping, the debt of USD 500,000 last time was directly converted into equity investment, and an additional USD 4.5 million was paid.

  Five companies, Envision Capital spewed $53 million, which in one fell swoop overshadowed the financing limelight of the five companies in the First Year Alliance.

  …………

  …………

  In a club in Magic City, Xia Jingxing hung up the phone, looked at Jiang Nanchun who was sitting across from him, smiled and said, “Mr. Jiang, it’s okay. At least 25 million US dollars in advertising contract.”

   Upon hearing this, Jiang Nanchun smiled from ear to ear.

  Youku and 58.com put together a $20 million advertising contract, and Xia Jingxing sent another $25 million in cooperation orders.

  45 million US dollars, nearly one-half of their total revenue last year.

  I believe that after the announcement of this cooperation agreement, Focus's share price will inevitably usher in a rapid increase.

   "Mr. Xia, thank you for taking care of our Focus Media."

   Jiang Nanchun said with a smile, his eyes narrowed.

  He said this with two meanings. One is to thank Xia Jing for their cooperation orders, and the other is to thank Xia Jingxing for calling him a few days ago, reminding him not to sign an exclusive advertising cooperation agreement.

  A few days ago, Youku and 58.com threatened with a huge order of one-year advertising for Focus Media, and wanted Focus Media to receive advertisements from only one company in each sub-industry.

the reason is simple.

  Focus Media covers commercial office buildings and high-end communities in first- and second-tier cities, and its advertising audiences are white-collar workers and urban residents.

  These people are also the main Internet users in this era.

  At the same time, Focus Media has merged with Juzhong Media. In China, there is only such a building advertising giant.

  Xiong Xiaoge, their vision is very poisonous, their idea is to contract Focus Media for a year, so that Tudou and Ganji will have no place to advertise if they have money.

  What are the buses, highway signs, TV advertisements, and where are the buildings advertisements accurate.

  There are no smartphones, no heads down, and I have to show me ads when I enter the elevator to spread the efficiency gap.

  Xiong Xiaoge and others played well. After a year, the industry rankings of 58.com, Youku.com and other websites might be reversed with Ganji and Tudou.

  At that time, it does not matter if the exclusivity period is over, anyway, they have achieved their goal.

  Such a good plan is destined to fail, because Tong Shijie has secretly passed the information to Xia Jingxing.

   So there was Xia Jingxing’s suggestion to Jiang Nanchun.

  Jiang Nanchun is also a sensible person, and he can see the posture of the capital of the two parties at a glance, this is to fight to the end!

  So, he insisted not to sign exclusive agreements with Youku and 58.com. He loves not to vote. He is very confident, because Focus now almost monopolizes the entire building advertising market.

  Unwilling to reconcile the League of Junior High, they can only sign an advertising cooperation agreement with Focus first. The idea is to run for a while, and Xia Jingxing will follow, and he will definitely slow down.

  Xia Jingxing smiled, “You don’t have to thank me. As a shareholder of Focus Group, it is a matter of course to seek the best interests for the company.”

  This is open and bright!

   Jiang Nanchun nodded secretly.

  Xia Jingxing picked up the red wine glass on the table, "Come on, President Jiang, I toast you a glass and wish us a happy cooperation."

   Jiang Nanchun smiled, and also held up the wine glass.

   With a "bang~", the two wine glasses collided, marking a successful end to the cooperation.

  …………

  …………

  "How many positions do we hold now?"

  Sitting on the large sofa in the conference room, Xia Jingxing looked at the huge LCD screen hung on the wall. There were two upright figures in it. One was Abel in Hong Kong and the other was Liu Hai in San Francisco.

  Network video conference software is nothing new.

  Bell Labs invented the world's first analog technology videophone in 1964. After 2000, thanks to the development of the Internet, video conferencing has gradually entered the high-definition era.

   "Lixia Fund bought 2 million ADS shares when Focus Media first went public, with a holding cost of $17 per share."

  After Liu Hai briefly reported, Abel went on to report.

  "When Frame Media was acquired, it issued us 902,300 additional ADSs. If the bet is successfully completed, 1.4332 million ADSs will be issued to us in October.

  Our holding cost is a bit higher, and the stock price was 24.56 USD/ADS at that time. "

  Xia Jingxing nodded, "Okay, Focus Media will announce major positive news in two days, and the stock price will definitely usher in a major rise.

  After eating this wave of bonuses, you can arrange to reduce holdings. "

   Liu Hai smiled and said, "Is this inside information?"

  Abel also smiled in the video.

"Do not!"

  Xia Jingxing paused, and said seriously, "This is called a related party transaction."

  The two people in the video directly laughed.

  After discussing some details of the share reduction, the three ended the meeting.

  (End of this chapter)