My Age of Investment

  Chapter 952 The No.1 Internet Company in Southeast Asia

  The next day, early in the morning.

  Chen Ou and his partner Li Xiaodong came to Envision Capital’s Silicon Valley office with excitement. A blond and blue-eyed front desk lady took them to Xia Jingxing’s office.

  As soon as they entered the house, the two immediately greeted Xia Jingxing, who was immersed in work.

"sit!"

  Xia Jingxing nodded to the two of them, and then continued to work, without any extra expression.

  Chen Ou and Li Xiaodong sat down on the sofa chair, their eyes met, and they both saw the excitement and excitement in each other's eyes.

  The time passed by one minute and one second, and the two began to feel something is not right. Xia Jingxing seemed to have forgotten them and kept busy with the work at hand.

  On the way they came, they once imagined that they would shake their bodies and draw a big pie. Xia Jingxing decided on the spot and invested eighteen million dollars in their entrepreneurial projects. From then on they embarked on the pinnacle of their lives...

  Now they have calmed down a bit. Perhaps this is the test of President Xia, and he said that it is not necessarily true.

  Thinking of this, the two hurried to sit tightly, without talking to each other, only making eye contact.

After drying the two for almost an hour, Xia Jingxing finally raised his head and glanced at the two people with their usual expressions. He got up and walked over, smiling: "Let you wait a long time."

  Chen Ou hurriedly said: “It’s okay, President Xia, you have everything you can do every day, and you can spare your precious time to see us. We are already very grateful.”

  Li Xiaodong nodded, "Yes, Mr. Xia, you are too kind."

  Xia Jingxing sat down on the sofa and asked the two to introduce themselves.

   "General Manager Xia, my name is Chen Ou, my English name is Leo, I am from Sichuan, and I am studying in Stanford MBA. I am the founder and president of the game battle platform GGgame."

   "General Manager Xia, my name is Li Xiaodong, my English name is Forrest, I am from Jinmen. I have graduated from Stanford MBA this year and I am the co-founder and CEO of GGgame."

  After listening to the introduction of the two, Xia Jingxing nodded slightly, "Okay, Leo, Forrest, now please introduce GGgame in detail."

  Chen Ou tentatively asked: "Then Mr. Xia, I start from the background of the establishment of GGgame?"

   "Anything will do."

  Seeing that Xia Jingxing did not have any impatience, Chen Ou began to talk bit by bit about the fact that he came to Singapore to study and founded the company afterwards.

  Because Chen Ou jumped to the second grade after graduating from elementary school, he started to go to university at the age of 16, and his grades were quite excellent. He received a full scholarship from Nanyang Technological University.

  In 2005, as the president of university e-sports, Chen Ou, who also won the third place in the Singapore "Warcraft" competition, saw the hot operation scene of domestic Haofang Online, and the idea of ​​starting a business burst into his mind.

  He wants to build a battle platform to compete head-to-head with Haofang. First, he will use geographic advantages to occupy Southeast Asia, and then use Singapore’s international advantages to quickly advance into Europe and America, until it becomes the world's largest game battle platform.

  After listening, Xia Jingxing smiled and asked, “Should college entrepreneurship have suffered a lot, right?”

  Chen Ou felt that Xia Jingxing founded Facebook when he was in college, and he must have a common language with him, so he began to pick some interesting things about entrepreneurship.

   "Although I studied computer at university, I didn't even know how to program at that time. While studying hard by myself, I arranged for the beautiful senior sisters of the e-sports club to go everywhere to fool the programming masters to join..."

  Chen Ou talked about his dark history of entrepreneurship. Because he played well in games, was able to speak well, and was handsome, the beauties of Nanyang Technological University liked to circle him, and he was very popular on campus.

   Then, Chen Ou used his own advantages to entrust these little beauties to help him find programmers.

  Xia Jingxing took a closer look at Chen Ou, feeling in her heart that she deserves to be the man who makes women the most money, and it seems that he has a talent for this a long time ago.

  Chen Ou smiled and said: "At that time, because of lack of money and lack of people, I had to take the lead and accompany everyone to do research and development.

  For several months, I only slept for five hours a day, staying at home, eating tomato scrambled eggs for three meals a day, and people almost vomited.

  Because I have a beard, and my beard grows super fast.

  In the words of my classmates: A handsome professional player disappeared during that time. We often saw a bearded programmer squatting in a corner staring at the computer in a daze.

  Many other classmates sympathized with me, thinking that my business might be in a madness.

  Because in the eyes of Singaporeans, working in a big bank is the best place for students from prestigious schools. Entrepreneurship is not a proper business and it is almost impossible to succeed. "

  Recalling those hard and incomprehensible years of struggle, Chen Ou laughed at himself, and soon he became energetic again: "However, we have worked so hard to finally develop GGgame.

  I used my contacts in the professional e-sports circle to invite WCG champions and ESWC champions to compete on the GGgame platform for a peak of the century, and soon attracted a large number of users to register.

   also got acquainted with a large number of domestic e-sports players and industry professionals such as King Pei Le of WE Club, SKY Li Xiaofeng, Replays.net founder Zax Zhou Hao. "

  Xia Jingxing nodded slightly. Li Xiaofeng knew that, the World Champion of Warcraft, played games and became the Olympic torchbearer, which is quite remarkable.

  Chen Ou said lightly: "It is no exaggeration. In terms of the achievements and popularity created by the platform, GGgame has been very successful, but because we are a student team, we have not been able to get venture capital for a long time, and the life is very difficult.

  It has been relying on the sponsorship of game dealers and tournament sponsors, as well as my scholarships and various competition bonuses to support the development and operation of GGgame. "

  Xia Jingxing nodded lightly. It is normal to be hard-pressed. There is not much development prospect in e-sports these years. After more than ten years, it will be completely different.

  "Later, I heard people say that because our team did not have an MBA history, it was too late to get the investment, so I applied for the Stanford MBA, thinking about coming to the United States to meet some investors and completely solve the financial dilemma."

Speaking of this, Chen Ou patted Li Xiaodong sitting next to him on the shoulder, smiled and said, "Then I met Brother Li Xiaodong through the relationship of alumni. He is a bachelor of Madu Jiaotong University, and then he was still in Moro. Torah has worked in human resources for several years and has graduated from an MBA. He has more business experience than anyone in our team.

  This year, Senior Brother Li Xiaodong accompanied me to meet investors from all walks of life. At the same time, he was also responsible for the business and team building of GGgame and contributed a lot to the company. "

  Li Xiaodong smiled honestly, "I actually didn't help much. You played the foundation of GGgame, and President Xia decided to see us because of your persistence."

  Looking at the two partners of brother, friend and brother Gong, Xia Jingxing was embarrassed.

  He remembered very clearly that the two of them had become enemies in their previous lives, and Jumei and Garena had torn each other, always trying to prove that they were better than each other.

  There are two versions of grievance stories circulating in the shop.

  One is that Chen Ou felt that GGgame has no future, and forced Li Xiaodong to take over his shares, and then Chen Ou returned to China after graduating from Stanford MBA and founded Jumei Youpin;

In another version of the story, Li Xiaodong and his wife’s classmates, namely GGgame angel investors, squeezed out Chen Ou, monopolized the company, and led the team to re-register a new company, Garena, which completely eliminated Chen Ou’s previous existence. All traces.

  Garena mainly acts as a game agent, and is Penguin's number one horseman in Southeast Asia.

  Later, Garena started by acting as an agent of popular games under Penguin, and was renamed Sea Donghai Group again, covering three major business sectors: e-commerce Shopee, game Garena, and digital financial service SeaMoney.

This company is known as the Southeast Asian version of "Ari + Penguin + Alipay". It is also the largest Internet company in Southeast Asia and the third largest Internet company in Asia. West, Pinduoduo must be fierce!

   Put aside the grievances between Chen Ou and Li Xiaodong, and ask Xia Jingxing to summarize the success of Donghai Group:

  It should be that GGgame first established a reputation in the game circle, especially in the domestic game circle, and then successfully attracted the attention of Penguin. Penguin invested heavily and supported a Southeast Asian startup that filled its own game distribution map.

  Of course, Li Xiaodong is also extremely visionary and courageous. Penguin only helped him get the game, but based on the game, he successfully incubated the two major businesses of e-commerce and digital finance.

   When the two major businesses focused their efforts, it was already 2017, and Ari’s head, Malay Zanda, was already the largest e-commerce platform in Southeast Asia at that time.

  As a result, it only took a year to come to Zanda and was smashed by Shopee. It was an incredible defeat. I don’t know if Ari’s values ​​are wrong or not localized enough, which leads to dissatisfaction.

When Donghai Group first went public in 2017, its market value was similar to that of Jumei’s peak period, which was a market value of several billion U.S. dollars. However, in the following years, its stock price has increased wildly by dozens of times. It should be undisputed to belong to Li Xiaodong.

   "Mr. Xia, a little bit verbose, the above is the history of GGgame's entrepreneurship."

  Chen Ou said with a smile: "We are now planning to integrate a round of angel investment, build a complete team, re-upgrade the platform, and strive to make GGgame the world's largest gaming platform.

  I heard that domestic games are aggressively entering the game field. GGgame can also cooperate with domestic games to promote our Chinese games to the entire Southeast Asia. "

  Xia Jingxing nodded slightly and said with a smile: "You have studied thoroughly, so you know domestic games."

  Chen Ou smiled and said: “These social games of Happy Farm successfully entered the European and American markets and made a sensation in the entire Chinese gaming circle. I often pay attention to the domestic Internet and gaming circles on weekdays, so I also understand a little bit.”

  Li Xiaodong also said at this time: "Mr. Xia, although Southeast Asia currently has a small Internet population, after all, there is a total population of 600 million. With the continuous development of the economy and the popularization of the Internet, the game market will continue to expand.

  Domestic games are the most courageous game manufacturer in China, and also the first game manufacturer to go overseas and achieve brilliant results. Now they are starting to expand in the Southeast Asian market and can definitely lead Shanda, Ninetowns, NetEase, Penguin and other manufacturers by a big step. "

  Xia Jingxing listened enthusiastically, and Li Xiaodong suddenly changed the subject, “Of course, what we most expect is to reach strategic investment and cooperation with domestic games. If Envision Capital invests in GGgame as a VC, we are also very welcome.”

  Xia Jingxing nodded, and then asked: "What is your valuation of GGgame? How much do you want to raise?"

  Li Xiaodong and Chen Ou looked at each other, and they both saw the joy and excitement in each other's eyes.

  Chen Ou tentatively quoted: "The pre-investment valuation of 8 million US dollars, the financing of 2 million US dollars."

  Xia Jingxing nodded, did not make a statement, changed the subject and asked: "What is the current shareholding structure?"

  Chen Ou Yiwuyishi replied: "I own 43.75% of the shares, Forrest 37.5%, and the option pool 18.75%."

  After listening, Xia Jingxing was a bit hesitant, do you want to intervene in the investment in GGgame now?

  If Chen Ou does not return to China to start a business because of his investment, and cooperates with Li Xiaodong to run GGgame, can the two achieve the glory of the past life?

  After a little consideration, Xia Jingxing decided to invest, but could not feed GGgame too much, and now this small company is not worth 10 million US dollars.

  Xia Jingxing quickly gave a quotation plan: "500,000 US dollars, and the post-investment valuation is 2.5 million US dollars."

  Chen Ou smiled somewhat reluctantly, “Mr. Xia, you have cut off three-quarters of the valuation and financing amount. Isn’t it a bit...

  Why don’t we take a step back, valuation after the investment of 5 million US dollars and financing of 1 million US dollars, what do you think? "

  Xia Jingxing shook his head slightly: "I am not bargaining with you. GGgame is only worth so much now. I believe that besides me, other agencies may not even be willing to give you a quote.

  I give you a piece of advice: GGgame is too weak now. If you want to raise more funds, you have to come up with more convincing results. "

  Chen Ou still wanted to argue, Li Xiaodong on the side was anxious, and quickly gave Chen Ou a wink.

  The two had made a plan before coming. As long as Xia Jingxing is willing to invest, no matter how much the amount is, accept it first.

Chen Ou's mouth opened. He wanted to fight again, but he knew that his strength and identity were not equal to Xia Jingxing's. In the end, he could only turn into a helpless sigh: "Well then, just do what you want, Mr. Xia! "

   "Happy cooperation!"

Xia Jingxing got up and handed out palms to the two of them. Chen Ou and Li Xiaodong got up and shook hands with Xia Jingxing.

  In any case, the company still has the funds for the next stage of development. The 500,000 US dollars saves a bit of money, which is enough for one or two years.

   Thinking of this, Chen Ou was not so disappointed.

  Li Xiaodong still has a signature smile on his face, looking very honest and honest.

  (End of this chapter)