What's wrong with me being a rich man?

Chapter 255 Late arrival
"I don't want to see Xu Xin anymore, really."

Two days later, Yu Xing suddenly spoke out with emotion while having dinner.

Liu Wanying glanced at Boss Yu: "You quarrel as soon as you meet, right?"

Yu Xing nodded in agreement: "The noise is making me upset."

Liu Wanying looked at him and said with a smile, "I thought you were having a great time arguing."

Yu Xing thought about it, recalled for a moment, and had to admit: "A little bit, yes, both, people are contradictory like this, but I really don't want to argue again next time."

"What's there to argue about? It's nothing more than fighting against the penguin or surrendering to the penguin, or selling out objections. It all depends on the situation. There won't be much of a quarrel." Liu Wanying considered the situation in the future.

Yu Xing was silent for a full twenty seconds.

Liu Wanying sensed a strange meaning in this unusual silence.

She stared at Boss Yu and asked suspiciously, "You still have information about Today Capital?"

Yu Xing sighed and reached out to touch the cigarette box on the table.

Liu Wanying opened his hand and said, "Don't smoke at home!"

She felt that Yu Xing had been smoking too much recently.

"It's about Tudou." Yu Xing briefly talked about how he was contacted a while ago.

People come here just for the reputation of myself and my website, and this is indeed beneficial to the development of Bai Xiaosheng's website.

Liu Wanying found it unbelievable after hearing this!
She looked at Yu Xing in confusion: "This..."

Yu Xing spread his hands. He really didn’t dig it out himself. The person involved came to him.

Liu Wanying put down her chopsticks, she was full of gossip: "As soon as this matter comes out, Tudou.com's IPO will be suspended immediately. If they want to restart, the matter does need to be resolved quickly, but... this is the third consecutive blow of divorce for Capital Today!"

Last year, Ganji.com was sued by its founder for divorce, and Zhen Gongfu was involved in the founder’s divorce. Now there is Tudou.com waiting in the wings...

All three projects have received significant investment from Capital Today.

In just two years, three divorces happened in a row...

Liu Wanying let out a breath and said with a smile: "No wonder you said she was an ordinary investor. Hey, if Tudou.com is exposed in Bai Xiaosheng, you...are you going to ruin her reputation?"

Yu Xing asked sincerely: "Then what do you think we should do?"

Liu Wanying was stumped. This kind of brand-damaging thing would either damage Capital Today or Bai Xiaosheng...

She thought about it and suggested, "I remember you made a bet with Liu Jiankai. Can you help me recruit him someday?"

Yu Xing was surprised and asked, "Why are you suddenly talking about poaching people?"

"Things like Tudou.com can't be concealed. Even if it's not Bai Xiaosheng, there will be other platforms." Liu Wanying said wittily, "Since you are going to destroy someone's reputation, why not help me recruit people? I'm short of people."

Yu Xing laughed.

Liu Wanying said distressedly: "Boss Yu, you are still amazing. It's so hard for me to start a small company, but you were able to gather a team so quickly when you started Guiai.com..."

Red Falcon Capital is now left with only one commander, as the two people previously recruited have resigned one after another.

"You can't compare them like that. They are different in nature." Yu Xing joked, "But, as a venture capitalist, although you are innovative in doing flexible work, you think you have good intentions, but others don't think so."

He continued, "If you don't even have an office, normal people won't think you're reliable. If there's a better opportunity or even a worse opportunity, they'll naturally quit. This is why it's important to have a legitimate reason."

Liu Wanying said unconvincedly: "No matter how unreliable it is, your love contract is unreliable?"

Yu Xing said seriously: "It's still different, just like selling diet pills to fat people, selling health products to the elderly, and selling seemingly unreliable love contracts to college students who are prone to break up after graduation. Finding the right group is the most important thing."

"Your business logic is really clear as soon as you open your mouth. OK, OK, Boss Yu, I'm convinced. You are the god of vertical segmentation." Liu Wanying had to admit his clear and simple rhetoric.

Yu Xing smiled slightly: "It's okay."

"The WeChat project feels like it's already halfway to success," Liu Wanying said about the significance of WeChat's existence. "Now it all depends on when penguins will notice it."

Yu Xing nodded.

He didn't actually plan this fund operation with Xiaoying, but the user growth of WeChat, the investment of IDG and the strong sentiment of Capital Today were all ready-made conditions, which made it easy for Red Falcon Capital to achieve both "long and short" positions.

The $1000 million that Red Falcon Capital invested in the early stage has been paid out, and the remaining 25.244% of the shares in WeChat can be worth more than $2500 million according to this valuation, not to mention that there will be at least one more round of financing appreciation.

This 25.244% long position seems to have satisfactory space, and the short positions increased by crossing the peak are also perfect.

"What price do you think WeChat can be sold for in the end?" Liu Wanying asked a question at this time.

Yu Xing hesitated for a moment and shook his head: "It's hard to say, but Hong Xuan will definitely make the most money. WeChat's financing this time was carried out in advance, so there is a premium. It is based on Hong Xuan's valuation and is measured by at least the user scale of next month. If there is another round of financing, it should be facing Penguin by then, and the premium will definitely be recovered, and the final selling price..."

"The three traditional portal giants, Sina, NetEase and Sohu, have already declined and may not have the courage to compete with Penguin for its core business.

"Although the newly emerging Weibo is backed by Sina, it still needs to develop itself. Even if it wants to, it is powerless."

"Renren is in the process of transformation and seeking a listing, and its future prospects are unclear."

"Although Baidu is a giant, it is just a guard dog and will not aggressively step into instant messaging."

“It seems that WeChat has found a buyer, but in fact, there are only a few buyers. In fact, it can be said that there is only one buyer, Alibaba.”

"Even Alibaba's strategic layout is centered around the e-commerce ecosystem, so it's unclear whether it can take action at this time."

"For a transaction with an imbalance between supply and demand, the final selling price will inevitably be compressed."

Yu Xing made this analysis, and after a moment of contemplation, he said, "If Alibaba is willing to make a move, then the price will have to be raised by using Penguin as a rival. We'll see how it works then."

In fact, he is more inclined to believe that Alibaba will take action, and he is about 70% to 80% sure, and this intuition comes from the current situation of WeChat.

WeChat is much more generous than MiTalk was in the past, and now it has venture capital support. So if it fights Penguin again, it does not have to win to leverage Alibaba's strategic actions, but breaking the expectation of Penguin Communications' invincibility may make it ready to move.

Simply put, I thought Penguin was a god in the field of instant messaging, but suddenly his health bar showed up. Although he was still powerful, he was in two completely different states.

Liu Wanying listened to such a clear analysis, thought for a long time, and finally gave a thumbs up: "Let's see how long 360 can keep Penguin's attention."

Penguin has been having a lively battle with 360 recently.

360 launched a privacy protector and put a hat on the penguin.

Penguin then pulled together 360's security vendor rivals to form an alliance to attack the company, recounting its past actions such as "defining malicious review plug-ins", "forcibly prompting users to uninstall competing products", and "forced browser installation".

You attack, I refute, I state, you condemn.

Both sides pulled opponents together, formed alliances, put labels on others, and threw dirty water, showing their competitive style.

Liu Wanying thought about the development of WeChat and felt that this period of time was indeed very lively. "These two companies are fighting fiercely, and no one is trying to stop them. There will be an explanation." The strange look on Yu Xing's face disappeared in an instant, and he felt that this "explanation" was not far away.

Liu Wanying nodded, and smiled as she mentioned the hot topic on the Bai Xiaosheng Forum these past two days, which was about the public apology by a well-known investor in her own company after someone in a pseudonym broke the news.

Bai Xiaosheng employees anonymously disclosed information under the Bai Xiaosheng forum cover...

Although it felt like trying to cover up one's own faults, everyone tacitly agreed not to look at who posted the message.

At least, Yu Xing only watched it three times before trying to forget his name.

However, what is unexpected is that Yu Xing, the person involved, was unwilling to respond and did not want to add heat to such a small matter. However, Xu Xin, the investor, responded below using his own account.

Xu Xin: Hahaha, I went and had a quarrel with Yu Xing. I apologized if I should. It’s no big deal.

Her frankness made it difficult for others to say anything.

Some people even praised Mr. Xu's attitude in their posts.

Xu Xin replied: We are brothers, and we will never show off.

This has made many users feel favorable towards this well-known investor.

The incident itself was not a big deal, and few people knew the inside story. The situation at WeChat company was strictly confidential, so the matter just disappeared.

However, when Hu Xubo of Qiming Venture Partners occasionally heard his friends chatting at the dinner table and learned that this incident happened a week ago, he felt inexplicably uneasy.

Why are you uneasy?

Hu Xubo didn't catch the thought that flashed through his mind.

Just two days later, seeing that there was no other news leaked from the WeChat company, he decided to talk to Mr. Xu, the previous leader of Today Capital.

Let’s just say there is no movement. This project still needs funds to increase its promotion. Should we find time to talk to Yu Xing again?
Hu Xubo paid a visit to Xu Xin, exchanged a few words with him and mentioned the financing of WeChat.

He asked a question: "Mr. Xu, when do you think WeChat will start raising funds?"

Xu Xin originally thought that Mr. Hu came with emotions, or he had a communication channel with Yu Xing, or Yu Xing took the initiative to tell him, or... Anyway, he must have come to see her with emotions.

But now, she looked at Mr. Hu in front of her with a little astonishment. He seemed to know nothing. She didn't know how to answer for a moment, and she held back the arguments and questions she had originally considered.

Hu Xubo looked at Mr. Xu's silence, and his uneasiness suddenly grew stronger.

Xu Xin still answered: "It's over..."

Hu Xubo: “????”

Not only did it end, but it happened nine days ago. WeChat company even received the money, and Red Falcon Capital's shares were also transferred. Yu Xing should now be organizing a marketing team to get as many users as possible.

Hu Xubo was completely stunned after listening to the concise and belated notice from the leader.

When he realized what was happening, he immediately stood up and said angrily, "Boss Xu, why didn't anyone notify me?!"

Xu Xin felt awkward for some reason: "I thought you knew."

Even if you don't know it at the time, you should probably know it later.

Hu Xubo was already angry: "How should I know?! IDG invested first? Then how did you know?"

Xu Xin remained patient: "What we saw... this... Mr. Hu, things have come to this..."

Things have come to this point, if I don’t ask clearly in person, I will be suffocated to death.

Hu Xubo arrived at WeChat company late, and after meeting Yu Xing, he proposed an investment request, which was immediately rejected decisively.

He mentioned it again, and Yu Xing refused again.

This happened three times, and Hu Xubo discovered with some despair that Yu Xing's attitude was very serious!
He looked into Yu Xing's eyes and asked with some resentment, "Boss Yu, do you think I'm not famous, the company is not strong, and that's why I don't come to keep in touch with you?"

Yu Xing consoled him: "Mr. Hu, you think too much. WeChat really doesn't need financing at this stage. Next time, next time for sure!"

Hu Xubo finally argued: "It's the same this time! Why do we have to wait until next time?"

Yu Xing gave the reason: "Boss Hu, because you are not famous, the company is not strong, and you don't come to keep in touch with us on a regular basis."

Hu Xubo: “…”

"It's just a joke, Mr. Hu. Look at what you said. If you don't know, you might think something is wrong." Yu Xing eased the atmosphere and comforted him again, "Besides, it's not that there is no good news."

Hu Xubo asked: "What's the good news?"

Yu Xing said: "Qiming Venture Capital was originally only one of the three priority financing options, but now it has become the only priority."

Hu Xubo sighed and held Yu Xing's hand tightly: "Mr. Yu... I don't contact you often, but it doesn't mean I don't value you. I think highly of you!"

Yu Xing shook his hand back and gave him a psychological massage: "Boss Hu, I understand, I understand, don't worry."

Hu Xubo felt that Mr. Yu must not understand, but he did not have the reputation of Xiong Xiaoge, nor did he have the determination to make a big fuss like Xu Xin. In the end, he could only leave WeChat company unhappily.

Even his question about how many users WeChat has now was not answered, and he only got a polite smile.

That night, Xu Xin, who knew that Hu Xubo had gone to WeChat company, couldn't help but @Yu Xing in the WeChat group, asking about the latest financing situation.

Yu Xing gave a simple answer: I didn’t take the money, I’ll wait for next time.

The anger that had been pent up in Xu Xin's heart for over a week suddenly dissipated a lot at this moment.

She told her husband Li Song about this.

"From your tone, what is there to be proud of?" Li Song was puzzled.

"I thought there were only high-quality horses and low-quality horses, but Yu put me in the low-quality category." Xu Xin laughed, "I didn't expect there were high-quality donkeys."

Ordinary investors couldn't help but laugh.

Sometimes Li Song really wanted to ask Yu Xing for advice, how...how do you adjust this?
He waited for Xu Xin to finish laughing, then asked tentatively, "Since Qiming Venture Partners has money to spend, how about you introduce me to some people?"

Xu Xin glanced at her husband and asked, "Do you think only the investment world has high-quality donkeys?"

Li Song said angrily: "You..."

Xu Xin also felt that the sarcasm was a bit too much, so he said, "I'm not talking about you. At least you are a lower-class horse, not that bad."

Ordinary investors and ordinary entrepreneurs looked at each other and suddenly felt that this kind of behavior of rolling in the mud was not very elegant.

The two of them looked away silently, and an awkward atmosphere filled the air.

(End of this chapter)