Sprinkle coins every day

Appropriate 3 million operating funds to Qinghe Technology, of which 0.5 million is special research and development funds;

Appropriate 2 million operating funds to Jade Bird Interactive Entertainment, of which 0.5 million is special research and development funds;

Appropriate 2 million operating funds to Qingyun Data, of which 1 million is special research and development funds;

Appropriate 2 million operating funds to the headquarters of the Sprout Group.

Adding all of them up is 53 billion in special funds, so it’s another month of super bleeding

And in the past June, Sprout also allocated 6 million funds to Maili Group for the acquisition and renovation of the electronics factory in Guancheng Industrial Park.

Then there is the acquisition of RDA, which cost a full 38.5 billion funds.

略_

[Level]: Level 10 (535 million/5000 million)

[Cash]: 43.9 billion

[Loans]: 10 billion (corporate bonds) + 64 billion (overseas loans)

a little-

Of course, June is also a month of sprouts and big harvests. Not to mention the tens of billions of service fees of Qingcheng Group, there is also the 15 billion profits of Jade Bird Interactive Entertainment at the end of the month

But even with a monthly income of tens of billions, I still can't handle this, and the liquidity in the account does not increase but decreases

2.5 million less.

Another big change is that after repaying the 20 billion low-interest loans, all the bank mortgage loans were transferred to the budding real estate, and the budding group divested tens of billions of debts in one go.

The asset-liability ratio dropped in a flash.

This is why, in July, additional operating funds will be allocated to Germination Real Estate, a large part of which is used to repay loan interest.

The rent collected alone cannot fill the hole in the tens of billions of bank loans.

"The working capital is less than 44 billion, it's too bad, and I'm short of money again."

Seeing the shrinkage of the book funds, Zhang Shuo felt a headache. The tens of billions of service fees collected from Qingcheng hadn't been warmed up yet, and it was spent in less than a month.

This also made Zhang Shuo realize two truths.

Money is really expensive, and research and development is really expensive.

The Fertile Land Research Institute, Maili Group, Mango Automobile, and Inaosemi Semiconductor, the combined monthly R&D expenditure of these four companies has reached a staggering 21 billion.

But this is not the upper limit.

With the increase of R&D personnel in various companies, the R&D expenses will only continue to rise in the future, especially for the just-started Mango Automobile and Inaho Semiconductor, which are still only a drizzle.

In the future, which one will spend no more than a dozen or two billion yuan on R&D in a single month?

To describe it as "burning money", it couldn't be more vivid.

Take the Wotu Research Institute as an example, the R&D expenditure of 1700 million yuan a month is 70 million yuan per day on average, 11574 yuan per hour and [-] yuan per minute on average.

It’s really tens of thousands of expenses every minute, isn’t it just burning money?!

It is no wonder that many companies in China are unwilling to engage in research and development, and would rather use their profits to speculate in real estate, stocks, and land. It is really not something that ordinary companies can resist.

But this is another step that must be taken.

The problem facing Zhang Shuo now is that if the burning continues, the group will be unable to make ends meet again.

Where does the money come from?

This is still under the premise of getting rid of the big burden of Qingcheng Group, otherwise there will be even more money shortage

"It can only continue to raise funds.

Zhang Shuo now somewhat understands why Xiaomi is close to making a profit and needs financing.

I'm really short of money!

But when it comes to financing, there are only a few channels - bank loans, issuance of corporate bonds, overseas bonds, and equity financing.

For private companies, if they want to obtain unsecured loans from banks, they can only think about it in their dreams.

Especially when the earnings outlook is unclear.

That's why it was said that Zhang Shuo revealed to Shanghai Shanghai that they wanted to build a 400 billion super project in Shanghai, but the other party was not enthusiastic or even indifferent.

It is easy to add icing on the cake, but difficult to give charcoal in the snow.

Issuing corporate bonds can only make up a small amount, not a large amount. If it is [-] million or [-] billion, it may improve the cash flow a little, but it will basically not help the overall capital chain.

Overseas bonds are not so simple

After all the calculations, most start-ups want to obtain a large amount of development funds, either choose to go public, or they can only conduct equity financing, and exchange equity for development funds.

It's very realistic!

Even a "big mac" like Germination is no exception.

Then the question arises, after Qingcheng Group, Panda Live, and Auto Network, what independent assets can Germina use for equity financing?

Germination Group ontology?

This is quite possible, if Zhang Shuo really dared to make such an opening, the top investors from all over the world would probably be able to squeeze through the gate of the Germinal Building.

Don't underestimate the allure of the world's number one unicorn in the venture capital circle.

While the valuation of Green Orange Group has reached 750 billion, the overall valuation of Germination Group has already reached 4000 billion. If you just take out 10% of the shares, you can raise 400 billion.

What kind of horror is this?

But Zhang Shuo would not be so stupid. In just two years, it would be easy for Bud's valuation to exceed one trillion. In another five years, the overall valuation may be three to five trillion.

How could it be possible to start the financing of the Sprout Group headquarters so early in order to start fishing in a dry marsh?

Stupid not stupid!

A similar situation is also the wheat grain group.

Looking at it, in September, Maili x1 will make its debut in glory, skyrocket, and prepare to start a mass killing mode in the smartphone market. By then, the profits will not be rolling in?

It is just around the corner that Maili Group surpasses Jade Bird Interactive Entertainment and becomes the most profitable company under Germination

How could it be possible to hand over the precious equity of Maili Group for a little development funds on the eve of victory? Are you stupid!!!

Then there is the pair of fledglings, Mango Automobile and Inaosui Semiconductor. Although the outside world has not yet seen their potential value, they will all be potential players with a valuation of hundreds of billions or even trillions in the future.

Naturally, it is impossible to extract surplus value from them when they are still fledglings

Killed the chicken and took the egg, didn't it?!

In contrast, the well-developed Qinghe Technology seems to be more suitable for financing, but the Weixin held by Qinghe Technology is another big killer.

Zhang Shuo would never allow any external force to interfere with Weixin's development rhythm.

Also not for sale.

After going around for a long time, it seems that there is only Qingyun data left, which can be used for financing.

Although Qingyun Data's reputation in the outside world is not obvious, it is actually super powerful. In terms of hardware, three data centers have been built, and a super data center is under construction.

software.

In addition to the acquired two start-up companies Bajie.com and Tubatu, there are also "Qingyun System" and "Blue Lake Operating Platform" under development, all of which are rare potential stocks.

It can be said,

Qingyun Data is already one of the best cloud computing platforms in China, and it has huge potential in the future. If you really want to start financing, the valuation will exceed 300 billion, which is very easy.

As long as the A round of financing is started, not to mention more, the financing of more than two billion will be enough to support the construction of the South Sichuan Big Data Center and the daily operation needs, and there is no need for continuous blood transfusion from the Germination Group.

It can be regarded as a disguised form to mention that the group has saved expenses.

But the problem is that Qingyun Data financing can only solve its own funding problems, but cannot solve the group's capital chain.

How to fix this?

Chapter 325 Ranking of the top [-] Internet companies, the sprouts are coming!

Under Germination, there is actually a subsidiary that is very suitable for financing.

That is Jade Bird Interactive Entertainment.

Not to mention that Jade Bird Interactive Entertainment has achieved profitability very early, and the level of profitability is very impressive. If they really want to start the A round of financing, investors will probably fall into madness.

Not to mention, at least Tengda will invest in Jade Bird Interactive Entertainment at all costs.

It's a pity that Zhang Shuo won't do this.

The monthly profits handed in by Jade Bird Interactive Entertainment are already the cash pillar needed to support Sprout’s daily operations. Once foreign investors are introduced, dividends are bound to be distributed to investors.

It is equivalent to taking out future profits in one go.

Still wrong!

Zhang Shuo, who hadn't thought of any safe solution for the time being, first called Lu Kai to the office, and then connected to the video of Lu Qi who was far away in the magic city, and started the three-party meeting.

Although Lu Qi is in Shanghai, he is the vice president in charge of the Internet affairs of the group. Whether it is Qingyun data financing, or it involves Qinghe Technology and Qingniao Interactive Entertainment, he cannot be avoided.

It is true that Lu Qi's opinion must be respected.

Zhang Shuo first introduced the basic situation.

"For Qingyun Data, my opinion is that the A round of financing can be launched in due course, and the target financing is about 25 billion, which is mainly used for the construction and daily operation of the data center in southern Sichuan. The financing targets can be Binhai City, Modu, Haijin City and Southern Sichuan Waiting for the local urban investment that Qingyun Data has built a data center can also be regarded as deepening the connection with the local area, mutual benefit, and win-win cooperation.”

This can save a lot of expenses for the Germination Group.

"I agree!"

Lu Kai was the first to express his support. As the rotating president, he certainly knows the current capital chain situation of the group, which is on the edge of the cliff of food shortage at any time, and he can improve it a little bit.

"I agree."

Lu Qi is new here, so of course she won't object.

"Okay, then unanimously approve, and the specific financing affairs will be led by Mr. Lu."

"no problem!"

As the vice president in charge of investment business, Lu Kai is also obliged.

"The problem now is that just by solving the burden of Qingyun data, the capital chain of the group cannot be completely improved. Do you have any good opinions or suggestions on this?" Zhang Shuo asked.

"It depends on Mr. Zhang's decision."

Lu Kai is an old fritter, and he knows that any subsidiary company under Germination is a treasure in the eyes of the big boss, and he is not willing to share it with the outside world.

As long as you are willing to open your mouth, financing is not difficult.

"My decision is that we must raise funds without losing money, let alone fishing in the open." Zhang Shuo also explained his assessment of each subsidiary company one by one.

Clearly and clearly state the position.

"It is estimated that we will have to raise funds from overseas. In China, unsecured financing is difficult."

Lu Kai guessed that the big boss would choose this way.

"Since it's about overseas financing, shouldn't you, the general manager of Sunshine Holdings and the general manager of the overseas business department, show some achievements? Otherwise, you won't be able to make a deal."

Since the establishment of Sunshine Holdings, it has not raised a few funds in a serious manner.

The largest overseas financing.

Zhang Shuo instructed the Dream Fund to get it done, and there was nothing wrong with Sunshine Holdings.

"Let's not talk too much, can we handle 20 billion overseas debt financing?"

Zhang Shuo took Lu Kai's army instead.

"it is good!"

Lu Kai didn't shirk, he gritted his teeth and responded.

"In addition to overseas financing, is it possible to separate Feixun and raise funds independently?"

Lu Qi made his suggestion.

It has been more than a month since he joined the company, and Lu Qi already has a deep understanding of the entire system, especially the Internet business, and quickly points out a point that was ignored before.

"Fetion's current market share is too low, and its promotion is limited, so it can't be sold at a good price, right?"