my return to life

Although saying it is equivalent to not saying it.

But everyone is still happy to see this scene.

Ren Yuxin also smiled, and didn't bother with this problem any more.

"..."

Because the interests of representatives are different, everyone's perspective is also different.

Although the actual valuation issue has not been discussed yet, the haggling is still going on in all aspects.

Kuang Ping asked a more interesting question: "As far as I know, Dangkang Games has ample cash flow, and there is absolutely no need for financing to accelerate its development."

"There is no company that is not short of money." Hearing this, Guan Qiuhe said calmly.

"Mr. Ren just said how to deal with Dangkang Games under the check and balance of TGP. In fact, the answer is very simple, use money to deal with it."

"..."

In the more than an hour before noon, the representatives of the five investment institutions had all sorts of tricky angles.

Only no one mentioned Dangkang Game's public welfare and charity work.

There is more to capital than the average person can see.

Currently implemented is the Enterprise Income Tax Law of the People's Republic of China, which was passed in 07 and took effect on January 08, 1.

Among them, Article 12 stipulates that: the public welfare donation expenditure incurred by enterprises, within [-]% of the total annual profit, is allowed to be deducted when calculating taxable income.

Without any financial legal tax credit, such as applying to become a high-tech enterprise;

Spending 5% of revenue for public welfare and charity, compared to 25% corporate income tax...

In fact, it is equivalent to using a small part of the tax payable for public welfare and charity.

Therefore, no matter how tricky the angle is, it will not involve this point.

Some big bosses are also keen to take the title of charity, because whether it is a company or an individual, charity has tax credits.

To be honest, under the control of Guan Qiuhe and Fang Nian, it is possible to ensure that this seemingly huge amount of money is used in a practical way.

As for Fang Nian's deliberate publicity, it is nothing more than adding some weight to this clause, such as more direct rewards for charity, attracting more entrepreneurs...

It's early twelve o'clock, and the reason has not yet been discussed.

To describe it in one word: more wolves but less meat.

Dangkang Games will definitely not take too many shares, and the valuation will definitely be higher than the latest price given by Goldman Sachs, but everyone does not want to miss this opportunity to make a fortune.

So although the purpose is to want to invest, but it has become a competitor.

In the end, Liu Qin proposed to eat first.

The restaurant is just downstairs.

The atmosphere at the dinner table became much more harmonious, and there were conversations all over the place.

Fang Nian talked and laughed happily with everyone, talking and laughing at Yan Yan.

During the discussion in the morning, everyone didn't know much about Fang Nian, but saw Fang Nian's keen-sighted and long-term side at the dinner table.

I just like it, it really is young and promising, the waves behind the Yangtze River push the waves ahead.

... After lunch, the group returned to the South Pavilion again.

The waiter lights the fragrance and serves the tea, creating a pleasant atmosphere in the room.

After officially starting to discuss financing matters, Fang Nian, who had hardly spoken, lowered his eyes and drank a sip of tea, talking.

"Everyone has been talking all morning, I thought about it, and temporarily decided to make this financing easier."

"The valuation of Dangkang game is calculated at 100 billion yuan, and if we take out 10% of the shares for financing, we will make friends with everyone."

Fang Nian's tone was amiable, and his eyes swept over everyone present while speaking.

Let the atmosphere in the house suddenly become quiet!

Chapter 454 An Irresistible Bet (Book Friends + Subscription)

It is easier to feel sleepy in the early summer afternoon.

The fragrance burned in the South Pavilion on the 93rd floor of Park Hyatt is slightly different from that in the morning, and it is said to be refreshing.

But these are not as good as the two sentences that were suddenly and kindly said last year.

After the words fell, Fang Nian was the only one in the room who lowered his eyes again and drank tea slowly.

Even Guan Qiuhe changed his posture a little, so that his legs overlapped more gracefully.

The complexions of the five middle-aged men, including Liu Qin, all changed.

Their respective thoughts were suddenly interrupted, and they had to re-plan, and no one spoke immediately.

In the end, it was Liu Qin who broke the quiet atmosphere: "I think Mr. Fang has other conditions for coming."

With that said, Liu Qin looked at Fang Nian.

Others also looked at Fang Nian, who happened to be sitting in the center without bias.

Under the eyes of everyone, Fang Nian put down his teacup unhurriedly, with a smile on his face: "It's not a complicated condition."

After a short pause, Fang Nian calmly said: "It's only been one year and two months since Dangkang was still called fun, and I don't want Dangkang to become a short-lived enterprise;

As Mr. Kuang said, Dangkang Games has sufficient cash flow, and it is far from enough to start the B round of financing;

However, the Goose Factory game led by Mr. Ren is too powerful, and Dangkang Game must spend a lot of thought and money to fight for some future possibilities. "

As a writer, Fang Nian naturally has the ability to tell stories.

If he wants, he can even polish it slowly in advance, so that the oral expression can be extravagant and fascinating.

Fang Nian doesn't mind using what he is good at.

"As early as the end of last month, I exchanged opinions with Mr. Liu on the phone. At that time, I thought that Dangkang was worth 100 billion yuan, and I was willing to raise funds at a valuation of 100 billion yuan;

After entering this month, the capital, especially everyone here has stronger confidence in Dangkang's profitability, with a conservative estimate of 120 billion;

In theory, Dangkang games will not be actively sold at a low price. "

Having said that, Fang Nian looked at several investors, and said calmly: "Financing at a valuation of 100 billion is a kind of sincerity on the one hand;

On the other hand, I also want to make a betting agreement with everyone. "

The tone of Fang Nian's narration made everyone willing to listen, and no one interrupted.

“当康游戏将在2011年1月10日前后启动C轮融资，再拿出10%的股份，估值以2010年全年营收的9倍标准计算，由参与B轮融资的各投资机构全额认投！”

When Fang Nian said this, everyone present was moved, but they didn't make a sound.

They knew that the VAM agreement could not be so simple.

Fang Nian did not disappoint everyone, and continued.

"As of December 2010, 12, Dangkang Games has ensured that the number of game platform user registrations has reached 31 million;

Ensuring that R&D spending is in line with high-tech enterprise standards;

Ensure that the annual revenue in 2010 is more than 60 billion. "

"..."

After Fang Nian finished speaking, he noticed that the corners of Guan Qiuhe's mouth moved slightly, and his expression changed.

He smiled slightly in his heart: "I didn't expect that I still have this trick, let's cut first and play later!" '

The conditions of the VAM agreement were very vague when Fang Nian communicated with Guan Qiuhe yesterday.

Now that he said it like this, Guan Qiuhe was completely fooled.

This made Liu Qin and the others realize that this was probably Fang Nian's real temporary decision.

The mind is more lively.

Zhang Sijian was the first to express his opinion: "I'm really sorry, I need to exchange opinions with the upper management."

Then came Ren Yuxin.

Then there is Zhu Yue.

Liu Qin and Kuang Ping did not move, they both have the right to make their own decisions.

However, the size of the investment institutions they represent is not as good as the three who went out to make calls.

The meaning of Fang Nian is very clear. If Dangkang meets these conditions, the valuation must be calculated according to the P/S method, and it will be as high as 9 times.

This is an exaggeration for a company with an original valuation of over [-] billion yuan.

Based on the 60 billion revenue promised by Fang Nian, the valuation of Dangkang at the beginning of next year will become 540 billion.

10% of the shares require institutions to invest 54 billion yuan in cash.

You must know that Lei Jun, who is especially good at capital operations, only received about 50 billion yuan in financing in Xiaomi's F round of financing.

After the F round, Xiaomi began to prepare for listing.

In other words, Fang Nian's VAM agreement intends to cooperate with everyone to directly start the listing process of Dangkang after the completion of the C round of financing in 2011.

And Fang Nian's three conditions were not casually stated.

2 million registered users means that the Dangkang game platform will continue to have huge gimmicks in the second half of the year to achieve it.

Meeting the standards of high-tech enterprises means that the R&D expenditure is huge, and there must be enough game products to be launched.

And this condition implies a preferential content enjoyed by high-tech enterprises: a 10% discount on corporate income tax.

It is almost equivalent to 10% more net interest rate.

Combining the second and third conditions, Fang Nian is expressing to the capital that Dangkang has strong enough confidence in profitability.

This is more convincing than just telling a story.

Fang Nian was telling Liu Qin and the others present about the goal and confidence of Dang Kang's game.

It is also telling Liu Qin and them that the return on investment is extremely impressive.

As for the conditions not being met, the VAM agreement will naturally not take effect, and Dangkang is simply making money and making money.

If the conditions are met, Dangkang Games will grow into a game giant without hindrance, the kind that cannot be blown down by the wind.

Strictly speaking, this was a big gamble after Fang Nian persuaded Guan Qiuhe with a few words.

Losing has little effect on the Dangkang game.

It goes without saying that I won.

…………

In the south pavilion, Guan Qiuhe and Fang Nian chat with Liu Qin and Kuang Ping.

Everyone talks about the rules and doesn't talk about business.

Even if they have their own ideas, there is no need to make it so ugly.

Fang Nian didn't think about this negotiation, and his mind flew to Java.

For a while, I thought that I would not be able to finish the exam until next Thursday afternoon, and for a while, I was afraid that I would have to talk to Huang Xiujie and Lei Jun for a long time on Friday;

Think again about how Xiaomi’s A-round financing should be done well;

Finally, I wonder if the rich man Robin is sleeping well, whether his food is delicious, and whether he has thought about 91.

Before I knew it, I finished my cup of tea.

It happened that Ren Yuxin took the lead, and all three returned to the South Pavilion.

After procrastinating for a long time, the formal negotiation began.

But at the beginning, Zhu Yue showed helplessness and spread his hands.

"We Goldman Sachs withdrew from this round of financing for Dangkang Games."

As he spoke, he looked at Fang Nian with regret on his face: "It's a pity that we can't reach a cooperation with Mr. Fang;

From my personal point of view, I agree with Mr. Fang's VAM agreement. The conditions are very generous, and Mr. Fang is very frank;