What's wrong with me being a rich man?

Chapter 253: Still as Elegant as Before
The atmosphere in Bai Xiaosheng's conference room was lively.

One party is trying hard to give money, while the other party is determined not to take any money.

Although Yu Xing was mentally prepared, he had never had such an experience before. He just felt that the feeling in his heart... well, it was really good.

"Mr. Zhang, Mr. Hu, Mr. Xu, let's put it this way. WeChat has indeed not reached the stage of the next round of financing. We have just received another 500 million US dollars from Red Falcon, but we will indeed need funds in the future. Once financing is obtained, our three companies will still be the top priority."

"The development of WeChat also requires data verification, which will reduce our common risks."

"This is my decision, I won't change it!"

Yu Xing was determined and did not intend to finalize the financing after just one discussion.

WeChat is growing rapidly now, and it will be easier to talk about money in a while.

All three institutions frowned. Hu Xubo continued to persuade them, but Zhang Suyang and Xu Xin looked at each other and no longer insisted.

"Mr. Hu, you know what kind of personality I have." Yu Xing stopped Hu Xubo with this sentence, and then stood up and invited, "Since you are here today, let's take a look at the development of the company."

Yu Xing is indeed an entrepreneur with a strong personality.

This has been verified many times.

Having said that, we can say that we have made satisfactory progress.

The three companies came together because they knew that although Penguin was in the instant messaging field, with the rapid growth of WeChat, as long as Yu Xing raised funds from outside, he would definitely attract the interest of other institutions.

This is the charm of risk and benefit.

Because of the nature of Bai Xiaosheng's company and its founder, there are actually very few investors visiting it. Yu Xing brought the three bosses to call Zhong Zhiling over to introduce Bai Xiaosheng, which has the potential to go public, to everyone.

However, as one of the persons in charge of the recruitment business, Zhong Zhiling was interrupted by Zhang Suyang just after he talked about the recent market situation.

"Why are you looking here?" Zhang Suyang asked puzzledly, "Isn't it the fourth floor?"

Zhong Zhiling: “…”

Yu Xing looked at the Bai Xiaosheng shareholder in astonishment, and then noticed that the other two shareholders had the same expression.

He opened his mouth and could only obediently signal Zhong Zhiling to get back to work, and walked to the fourth floor with the three shareholders of Bai Xiaosheng who were interested in WeChat company.

When people reached the fourth floor, they smiled more.

Yu Xing had not taken the initiative before, but now that he was with them, he took the opportunity to show the employees the attractiveness of the company at this time and introduced institutions other than Red Falcon Capital to everyone.

“WeChat has a certain chance, even if it is competing with Penguin.”

After the greetings, Yu Xing took the initiative to mention his ideas on the company's development.

This is also the first time that he, the founder, has mentioned a specific project today.

The expressions of Zhang Suyang, Xu Xin, Hu Xubo, Liu Jiankai and others all became serious. This was not the whimsical Yu Xing from seven months ago. He was now President Yu who had the ability to make rapid progress.

At this moment, it is undoubtedly a rare glimpse into the fierce competition from such a founder. Interests are interests, and if risks can be reduced, that would definitely be the best.

"We entered the market in early July. Considering the pressure and running-in of the technical team, the efforts in the first two months were not very large, but we also achieved obvious growth. By the time we officially launched the promotion during the school season, the number of users had exceeded 7."

"From 0 to 40, when I think back to when I was a know-it-all, it was still very hard work."

"WeChat certainly put in a lot of effort, but it was mainly on the technical level. Compared to that level, I even think that these 40 users were achieved overnight."

Yu Xing talked as they walked.

Unlike Liu Jiankai of Today Capital who focused on 60 users to analyze campus penetration rate, he instead talked about the aforementioned 40 users.

"Before we started WeChat, we thought that this road would be extremely difficult. Mr. Zhang, you must still remember this thought. But in practice, especially when it comes to overcoming technical barriers, it is still difficult, but not that difficult anymore."

"In the final analysis, in the mobile era, there is a huge demand for instant messaging tools that cater to the social chains of acquaintances."

“This is the ecological niche that WeChat has gained by acquiring 40 users.”

Yu Xing looked at the people from the three institutions and gave a clear positioning.

Then, he briefly mentioned the current market entry point: "Current campus users are just a reflection of this ecological niche. If Penguin hadn't existed, we wouldn't have to start from campus in the beginning."

Xu Xin listened to this and pondered: "QQ of Penguin is mainly for stranger social networking, Fetion of China Mobile is for acquaintance social networking but with self-limitation, WeChat... As people become more and more dependent on mobile phones, the connection between each other has indeed emerged as an extremely valuable ecological position."

"Weibo also tends to be stranger-oriented, Renren is based on campus acquaintances, and WeChat has more tool attributes than these two." Zhang Suyang thought of the other two social platforms on the market.

Looking at the entire market, WeChat’s current attributes are indeed unique.

Yu Xing said: "If we put aside the reputation of Penguin, I believe everyone can pay attention to this very keenly. However, Penguin cannot be abandoned. We have been observing it for the past few months. Apart from other aspects, the transformation of QQ, a core product, is also relatively slow."

He paused and continued, "I can only say that for various reasons, now is the best time to disrupt the field of mobile instant messaging."

It goes without saying who is being subverted.

Xu Xin then asked: "The penguin won't be slow like this forever. What happens after it wakes up?"

Forget about other products, a new communication product will make the penguin wake up as quickly as possible.

Faced with this question, Yu Xing talked about the judgment he had made with Li Shanyou, Zhong Zhiling, Lei Weiming and others, which was the dynamics of Penguin facing competition from WeChat.

Penguin used QQ to fight back, which was a strategic mistake. Launching similar products would have also left time for it to continue to get ahead.

He talked about his views on this matter, which made the investors smile.

But in the end, it only took one sentence to bring everyone back to reality.

"The scariest thing is that Penguin gathers the entire company's strength to pounce on us."

Yu Xing's tone seemed nonchalant.

Xu Xin automatically retracted the smile on her face and sighed, "Boss Yu, you don't have to say that."

As long as this is not mentioned, investors will be happy today.

Yu Xing shrugged: "What's wrong with facing reality? The more penguins come at you, the more your funds will show their effectiveness."

When Xu Xin saw Yu Xing like this, he could only say that this was very Yu Xing.

The problem is that what we are pursuing is not the effectiveness of funds, but the maximization of profits.

"Would you like to have something to eat at noon?" Yu Xing invited him to have lunch.

Although the shadow of the penguin was redrawn, the investors gladly accepted the invitation of the pioneering entrepreneur and spoke highly of his simple approach of choosing Shaxian Hotel.

No wonder Mr. Yu is so talented in carrying out projects like Defeating Penguin. He is truly an inhuman being.

The three investors wanted to linger in the afternoon, but there was work to be done on both the fourth and sixth floors, so they could only leave the company with Mr. Yu's limited commitment.

Hu Xubo of Qiming Venture Partners left the team first.

Xu Xin exchanged views on the WeChat project with Zhang Suyang for a while.

Judging from today's visit, Yu Xing has clear ideas and is very efficient, not to mention courage.

Xu Xin once again reconciled with Zhang Suyang that WeChat was a good idea, and finally said with a sigh: "When I first met Yu Xing, I felt that he was an extraordinary person, and his growth is still beyond my imagination. However, Mr. Zhang, this time we need to face the competition from Penguin, and the situation is also very unusual. We need to advance and retreat together to have a hope of making it to the end."

Zhang Suyang agreed with this. That’s Penguin. Others may not know, but doesn’t IDG know?
He shook hands with CEO Xu and thanked her for informing him of the progress of WeChat. Without the continuous tracking of Capital Today, IDG would not have known about the dynamic changes in the instant messaging field so quickly. To show his respect, Zhang Suyang watched the car of the Capital Today boss disappear from his sight before turning around.

As he walked, he ordered his secretary, "Call Mr. Xiong again and ask him to come to Shanghai as soon as possible!"

The secretary nodded silently and replied, "Boss Xiong should be at the airport."

Zhang Suyang said "hmm" and asked again: "Is the hotel open? One that's nearby."

The secretary answered while dialing the phone: "It's open. It's a convenient hotel. It will be there in two or three minutes."

Zhang Suyang felt relieved, lit a cigarette, and slowly thought about the WeChat project.

It is indeed a high-risk and high-return situation. However, Yu Xing's performance from the Spring Festival to now can add positive scores to WeChat. The new company has solid research and development and is not impatient in market moves, which is rare.

and so……

What are you talking about? If you can't handle the investment, I, IDG, still have bargaining chips that are useless.

Zhang Suyang knew that the relationship between Xu Xin and Yu Xing was once very tense. However, although he had previously asked Bai Xiaosheng to use funds for specific purposes and was not optimistic about the incubation of WeChat, President Xiong Xiaoge still had some face for the investment in Bai Xiaosheng.

If Mr. Xiong had not intervened in the beginning and had readily allowed IDG to invest, there would have been a lot of wrangling with Yu Xing.

Zhang Suyang didn't care much about Bai Xiaosheng's development, but he would check his movements regularly. Naturally, he knew the situation of Yu Xing and Bai Xiaosheng, and also knew the basic character he showed in similar incidents such as "72 Hours".

Mr. Xiong so readily recognized you, Yu Xing, and you, Bai Xiaosheng. Given your personality, it would be fine if you didn't allow Today Capital and Qiming Venture Partners to come in at this time, but can't I, Mr. Xiong, get some face by coming in person?

Zhang Suyang’s thoughts started to stir.

By eight o'clock in the evening, the lights on the sixth floor had gone out, but those on the fourth floor were still on.

"Is he upstairs?" Xiong Xiaoge, who had just arrived at the WeChat headquarters, looked up.

Zhang Suyang next to him confirmed: "The car didn't move. Xiao Zhao watched for a long time and saw him go downstairs to smoke and then go back up. Even if he's not here, he will definitely be seen tonight. Mr. Xiong, take a look."

He handed over the data and analysis on the WeChat project that he had sorted and printed out, as well as today's communication with Yu Xing.

Xiong Xiaoge had received similar text messages on his phone. He just flipped through them and handed them back, then asked, "Did you discuss the valuation? Do you have a rough range?"

"No, he doesn't want money at all." Zhang Suyang said, "But WeChat has already received $1000 million from Red Falcon Capital, and the valuation is estimated at $5000 million."

Xiong Xiaoge groaned and said, "Not low."

A company that was established only seven months ago received such a valuation.

Zhang Suyang nodded and said, "Yes, it's not low, so it's hard to discuss the estimate below. The main reason is that Yu Xing's attitude is difficult to deal with. In addition, this project will definitely attract the interest of many institutions."

Xiong Xiaoge commented: “This interest will come to an abrupt end after actually encountering penguins.”

Zhang Suyang agrees with this view.

Xiong Xiaoge passed him a cigarette, then lit it and took two puffs, with no intention of going up immediately.

After a moment, he said: "The upper limit of this project is very high, but the lower limit is actually guaranteed to a certain extent. Even if the challenge to Penguin fails, I believe Baidu, Alibaba or Sina will be interested in trying to take over."

Zhang Suyang's eyes lit up. This would reduce the risk to a certain extent.

However, the timing of finding someone to take over needs to be chosen. If it is completely dead, it will have no value. If it is not completely dead, Yu Xing may not be willing to sell it, but there is still a chance to escape the worst situation of losing all the money.

Xiong Xiaoge quietly finished smoking a cigarette under the street light, and then said, "Let's go and meet Mr. Yu."

Zhang Suyang followed closely behind: "What about valuation? How do we estimate it?"

Xiong Xiaoge smiled but said nothing.

The elevator went up and soon reached the fourth floor.

When Xiong Xiaoge and his group walked out of the elevator, they saw Yu Xing chatting with an employee behind the glass door.

"Hahaha, Brother Yu!"

Yu Xing only heard a long laugh, turned around, and was surprised to see that it was IDG's BOSS Xiong Xiaoge who came.

He was surprised and asked, "Old... uh, Mr. Xiong, why are you here?"

Xiong Xiaoge walked over quickly, stretched out his right hand, and said with a smile: "I heard that there was a company working on a project like instant messaging. I was immediately excited and couldn't help but come over to take a look."

Yu Xing glanced at Zhang Suyang next to him and said modestly: "Boss Xiong, thank you for the compliment. This newly incubated project is actually..."

"Brother Yu, don't be modest. This track is bound to have risks." Xiong Xiaoge let go of his hand and said straightforwardly, "I believe you. How much do you think WeChat is worth now?"

His voice was so loud that even the employees who were still immersed in their work looked over at him.

Yu Xing hesitated for a moment and did not answer.

Xiong Xiaoge then added: "I firmly believe that investment is investing in people. I came last time, so I came this time too."

Yu Xing knew what the person in front of him meant by the last time, but he was straightforward last time and he was just as straightforward this time. Some words would have different effects when spoken by different people.

He thought about it and gave the answer: "1000 million US dollars, 10%."

Xiong Xiaoge stretched out his right hand again without hesitation.

Yu Xing also clasped his right hand.

All the employees present heard and witnessed the company's value increase, and saw the financing intention was reached so quickly, so they all applauded and some even blew whistles.

"Mr. Xiong's demeanor is admirable." Yu Xing smiled as he shook hands.

Xiong Xiaoge was also very happy: "All the elegance of us investors is only to enhance the entrepreneurs, so every time I meet an outstanding entrepreneur, I am filled with joy and can't bear to miss it, hahahaha, I can't bear to miss it."

Yu Xing let go of his hand, turned sideways and pointed in the direction of the office, politely inviting: "Boss Xiong, have some tea."

Xiong Xiaoge nodded, smiled at the employees present, and then walked towards the president's office.

……

"Oh no! Mr. Xu, it's bad! Mr. Xu!!"

At ten o'clock the next morning, Liu Jiankai hid at the door of the supermarket opposite the WeChat company headquarters and called his boss in panic.

Xu Xin heard the urgency overflowing from the phone and asked curiously, "What's wrong?"

Liu Jiankai lamented, "I passed by WeChat today and wanted to come and take a look and ask Mr. Yu for the specific data. However, I just saw him coming downstairs to see IDG's Xiong Xiaoge off. It was IDG's Xiong Xiaoge!"

He had previously stolen WeChat’s home, and now he suddenly experienced the feeling of having his home stolen!
Xu Xin was stunned at first, then furious: "Xiong Xiaoge? IDG? Zhang Suyang? They...they...damn it! Yu Xing..."

My husband bought his company, I invested in his new project, I was kicked out of the office by him, the project I was working on was ruined by him, I just got a promise yesterday, I...

Damn, speak up for me! Speak up for me!
She held the phone tightly and uttered viciously: "Wait for me! Wait for me!!"

Before Liu Jiankai could say anything, he heard the phone being hung up, so he had to put it down.

Waiting for you, Mr. Xu, come and seek justice!

(End of this chapter)