What's wrong with me being a rich man?

Chapter 133 Encouragement
As soon as he voted, everyone in the room was shocked.

Zhang Suyang: Did you drink it?

Xu Xin: Did you smoke?
Hu Xubo: Crazy...crazy?
We were discussing financing with a startup company and were bargaining, and then you, the boss of an institution, came in and made the final decision. The psychological expectations of the company founder suddenly reached the ceiling!
Yu Xing was surprised and suspicious. What did that mean? This famous investor came in and immediately killed all the people in his own camp?

He knew that Xiong Xiaoge was the BOSS of IDG, but he only had some general knowledge about him based on some information.

"Are you the chairman of Bai Xiaosheng Steel?" Xiong Xiaoge sat next to Zhang Suyang, looked at Song Yufeng with a smile, and said his name.

Song Yufeng didn't expect that the famous investor would come to the conference room and look for him first. His chest could not help but straighten slightly, and his iron bones seemed to bend slightly. He smiled and nodded, "Yes, Mr. Xiong, I am Song Yufeng, the chairman of Steel."

Xiong Xiaoge also smiled: "I've heard a lot about you. I heard that you were the first to take action, and then your arm was broken. Have you found the person who caused the trouble?"

Song Yufeng was even more excited, and said regretfully: "I haven't found it yet."

"Your company is interesting. If you continue like this, I'm afraid more people will come to visit." Xiong Xiaoge said this, his eyes already fixed on the head of the family, and he also asked, "Are you Bai Xiaosheng?"

Yu Xing was slightly startled. Since the other party had come, it was impossible for him not to know his name. Now asking like this...

He immediately remembered that the website sometimes called himself "Bai Xiaosheng Bensheng", and then guessed that this Mr. Xiong might have been using the website for a while.

Yu Xing calmly replied, "Yes, I am Bai Xiaosheng. Recently, my friends in the underworld have shown me favor, and I have become Dr. Yu."

Xiong Xiaoge asked with a smile: "Are you Liu Qiangdong's brother?"

Yu Xing nodded and replied in a habitually rigorous manner: "Yes, I am Mr. Liu's non-staff brother."

"Extra staff?" Xiong Xiaoge laughed. "A Schrodinger-style brother who doesn't mind if something goes wrong?"

Xu Xin said unhappily at this time: "Boss Xiong, please look forward to it."

She has extensive experience and is very familiar with Xiong Xiaoge.

"I am willing to invest in Bai Xiaosheng just because I hope it will be good." Xiong Xiaoge glanced at the people present and said, "I think Bai Xiaosheng is a good website. I think the user growth is good. I think the chairman of Steel and Dr. Yu are good."

Three isn't a bad way to describe how he feels.

Hu Xubo of Qiming frowned, and Xu Xin had a slight smile on his face.

Zhang Suyang, one of the seven elders of IDG, put his pen on the table. What the hell are we talking about? Mr. Xiong's intentions were clearly revealed!
But he quickly changed his perspective and said, Mr. Yu, have you ever seen such a straightforward investor?

Xiong Xiaoge hadn't finished speaking yet: "I think Bai Xiaosheng's position in the industry is also very good. With Xiecheng's layoffs and insurance policies, the chaos in the Internet marriage industry, Tang Jun's blatant fraud, and the unspoken rules of the purple clay pot industry, I think Bai Xiaosheng's position is very good."

He said it twice.

At this time, Song Yufeng nodded: "Boss Xiong, you are also very good."

Several knife-like glances swept across the face of the steel chairman.

Yu Xing immediately said, "Yes, Mr. Xiong, listening to your words is worth ten years of study. Whether it is business or industry, it always needs such an ecological niche to go from disorder to order. Bai Xiaosheng was born to meet the needs of the times."

Although he didn't know why Mr. Xiong made such a resolute decision, it did not affect his flattery: "Mr. Xiong's vision is very insightful, and I also felt a sense of sudden enlightenment at this moment."

Xiong Xiaoge laughed and looked at his partner Zhang Suyang, further explaining his thoughts: "As long as there is a problem, there will naturally be a way out, just like... I have always felt that the domestic stock market should also improve the short-selling mechanism, just like the Hong Kong company that shorted Focus Media... what's its name?"

Xu Xin gave it a name: "Over the Mountain Peak."

Xiong Xiaoge nodded: "Yes, there are some Chinese concept stocks that obviously have problems. Can such problematic companies continue to operate? They are either shorted by this company or that company. It is impossible to completely cover up the problems."

Yu Xing perked up and asked, "Is it true? They should be individual cases, right? After all, they are all listed companies! I don't believe it, Mr. Xiong. The term "Chinese concept stocks" needs to be maintained."

"Are you defending your position or the truth?" Xiong Xiaoge frowned and gave an example, "Like the Del Group, which used to be on the OTCBB. I heard that it wants to be listed on the Nasdaq this year. It claims to have an average annual growth rate of 400%. Its gross profit is almost 50% higher than Jiuyang's. This is bullshit!"

He looked at Yu Xing and asked, "Jiuyang sells fake purple clay pots, and Del is a small appliance company. What does it sell that can make such a high profit?"

Yu Xing frowned, shook his head and repeated, "I think this is an isolated case."

Xiong Xiaoge is well-informed and can easily give an example: "Those listed on the OTCBB all want to transfer to the main board and make some money. Companies like Journey World are also working hard. I think it will not escape being hunted. As long as it wants to commit fraud, someone will help it commit fraud, and then it will be precisely sniped and eaten up!"

Yu Xing memorized "OTCBB", which had been mentioned twice in a row by President Xiong, and also remembered "Del Group" and "Journey World", which sounded like he wanted to make a quick buck.

He still frowned and shook his head again.

However, Zhang Suyang next to him had to remind the boss: "Alright, alright, Mr. Xiong, today is not a criticism meeting, today is to discuss financing. With your posture, people who don't know would think you are over the mountain."

Xiong Xiaoge stopped talking and said, "I am just making an analogy. The emergence and accumulation of problems are valuable. Once they are valuable, they have vitality. As for the revenue business, in addition to traditional advertising, I have recruited a very capable employee on Bai Xiaosheng today."

He smiled and said, "I have been chatting with him on and off for a month. I found that he is willing to log in to Bai Xiaosheng and share his experience on this website. Judging from the current reputation of Bai Xiaosheng, there are many similar users. Do you think reputation is useless?"

Yu Xing understood and said at the right time: "We will indeed expand the recruitment business. As long as our user base is established, this aspect is actually relatively easy to expand. Bai Xiaosheng now recruits people directly through the website."

Xiong Xiaoge pointed at the words Zhang Suyang had written on the whiteboard and said, "So, at this stage, we should not slow down or verify the model. We should quickly attract users and then start to run the business."

Zhang Suyang listened to the boss's completely opposite opinion and complained a little depressed: "Boss Xiong, are you from IDG or Bai Xiaosheng?"

Xiong Xiaoge joked: "I have been over the mountain."

Yu Xing raised his hand to drink tea. You have been to the mountain? Then where am I from?
Oh, I’m from Bai Xiaosheng.

Xiong Xiaoge said quickly: "I agree with the value of Bai Xiaosheng and I think its business can be developed. It is not worth worrying about whether it is more or less now. If Capital Today and Qiming have doubts, they can wait for another round."

After he came in, he talked half of the Bai Xiaosheng and did half of the work of Guo Shanfeng, and in fact took over Zhang Suyang's decision for IDG.

Hu Xubo was a junior and had not said much. He also had some intention of seeing IDG's Zhang Suyang lower the price, but he did not expect that the situation would take a sudden turn after Xiong Xiaoge came in.

He said with a smile: "Boss Xiong, it's not us who have doubts, it's Boss Zhang who is discussing this." Xu Xin also smiled: "Yes, Boss Xiong, look at where we are meeting today, this is Capital Today, I was going to invest in the A round before."

Zhang Suyang spread his hands and put all the responsibility on himself.

Xiong Xiaoge nodded slightly: "So, let's invest more freely. Investment is not difficult. What is really difficult is that President Yu worked so hard to build the company. What's more, there are three companies this time, so the pressure will be less if we divide it."

Seeing that the matter was about to be finalized, Yu Xing was surprised and impressed at Mr. Xiong's status, and on the other hand, he was also considering Hongshun's withdrawal.

He hesitated for a moment, then told Hong Xuan about his early withdrawal.

Xiong Xiaoge did not respond rashly this time, and asked Xu Xin: "Mr. Xu has already been in contact with Bai Xiaosheng, how do you feel?"

Xu Xin looked at Yu Xing, and after thinking about it for a while, he decided to let him go: "No problem. If Qiming doesn't like it, then just give it to me."

Hu Xubo did not comment, and said: "Let's do the math, let's settle this round of accounts."

Although there are some doubts about Bai Xiaosheng's valuation, all three companies are willing to invest and have had preliminary communication on the proportions, with Today Capital leading the investment in a 4/3/3 ratio.

However, now there is another exit from Red Falcon Capital, which took a 10% stake in the last round. This round, after the three investors have invested, the stake will shrink to 8%.

The three companies will take up this 8%, and the overall shareholding of Bai Xiaosheng held by institutions will not change.

A well-known Chinese investor has made the final decision, and the rest is easy.

Ultimately, Capital Today invested US$500 million, IDG invested US$500 million, and Qiming invested US$400 million, holding 10%, 10%, and 8% of the shares respectively.

Falcon Capital, which invested $100 million in the A round, left with $400 million.

Yu Xing just felt that today’s harvest was too rich!
Even if the three parties failed to reach an agreement, what Mr. Xiong said is worth the money!
Thinking of this, he felt a little more pressured. If Bai Xiaosheng's revenue was not good, it would be a disappointment to the hospitality of today.

"I won't have lunch at noon. I'm going to a job. I just came here on short notice today." Xiong Xiaoge declined Xu Xin's invitation to host the party. He shook hands with Yu Xing and gave his message, "Mr. Yu, the development of a company, especially an Internet company, is sometimes just a fleeting opportunity. If it comes, you must seize it firmly!"

Yu Xing firmly grasped Mr. Xiong's hand and said sincerely, "Mr. Xiong, I don't know what to say. Now I feel... to be honest, I am a little panicked."

Otherwise, Old Bear, you have been to the mountain. Anyway, you have done some substantial work.

Xiong Xiaoge smiled cheerfully: "Boss Yu, just do your work with the mentality of 'everyone just expose the information, the company collapsed because we are incompetent', don't be afraid, I just want to say one thing, live gloriously and die happily!"

This person now has real money to invest in the company, but he can still talk like this.

Yu Xing also felt for a moment... Is this the calmness of the older generation of Chinese investors?

No, Mr. Xu also has a lot of experience.

"Okay, listen carefully to everything you say." Xu Xin said unhappily, "When you do something brave and diligent, you must also be cautious."

She took out the gift she had prepared and gave Yu Xing a copy of Munger's "Poor Charlie's Almanack" and said, "I really like what Munger said: At the end of each day, try to be a little smarter than when you woke up in the morning."

Yu Xing thanked Mr. Xu for the gift and bid farewell to Mr. Xiong with everyone.

During lunch, Bai Xiaosheng and the three venture capitalists did not talk much about the company. Instead, they discussed the topic of a job-hunting program, which came from the model of "If You Are the One" written by Yu Xing.

Both Xu Xin and Zhang Suyang found this kind of face-to-face communication and two-way selection with the boss more interesting.

Hu Xubo of Qiming listened silently for a while, then asked, "Since you all think that this core form will be popular, why don't you do the same for Bai Xiaosheng's future recruitment business?"

Yu Xing smiled and said, "Looking for a job, talk directly to the boss, how about this kind of advertisement?"

The three investors thought about it for a moment and nodded in unison.

Xu Xin has invested in ChinaHR. She has a more real feeling in her heart and said directly: "Spending money on advertising can achieve the same effect as Melatonin, but don't worry, just build up the user scale."

Yu Xing nodded. This was BOSS Direct’s popular advertisement, which had indeed captured the minds of users much like Melatonin.

The scenes described in the program are quite effective, and there are some signs of future packaging for the recruitment business. The next step is to get some resources to push it forward.

Unlike previous contacts, the three institutions were close to their own people, so they quickly pooled their resources and found professionals in the field to assess the situation.

Both the guests and the hosts had a great time and everyone ended the lunch with anticipation for the future.

Because of this unexpected development, Yu Xing gave himself half a day off. Unable to hide his excitement, he went to find Xiaoying to play badminton.

By the way, he also gave Xiaoying a gift from Mr. Xu during the halftime break.

Liu Wanying flipped through the gift book while listening to Boss Yu describing what happened in the morning.

When she heard Xiong Xiaoge's final decision, she couldn't help but wonder, "Who is this person?"

However, when he heard about the extra-curricular work of Guo Shanfeng, he was stunned again: "Who is this person..."

When Yu Xing finished his story, Liu Wanying handed him the book, pointed at the three words on the title page, and said, "What kind of investors are you looking for?"

Yu Xing took a look and saw only three words on the title page - fast, accurate and ruthless.

He scratched his head and said seriously: "In a sense, their vision is very accurate!"

An unexpected result, an unexpected result!

He is clearly blind but it seems that he is not blind. He is clearly not blind but it seems that he is blind!
Yu Xing stroked the gift in front of him, thinking about the demeanor of the investor named Xiong that he had met today, and the spirit of impartiality that he had been taught in the past, and said with a sigh: "I can't let everyone down!"

(End of this chapter)