Reborn Entrepreneurial Giant.

Chapter 100 Raising $6500 million

Lehman Brothers was willing to let Qu Li use Xiangcai Securities' shares as collateral to lend him US$3000 million, which again almost made him laugh out loud.To be honest, if it weren't for cheating, Qu Li's behavior is no different from selling pot, and it may disrupt the domestic financial order.But he cheated, knowing that Lehman Brothers would be finished next year, so he naturally had no scruples.

However, just in case, the two parties were scheming over the contract. Wu Hongning was not worried at all. In the final analysis, the rich man was the uncle. He was richer than Huatou. Isn't this stupid?As for the choice of the local court, that is not their responsibility.

The final contract was slightly different, mainly due to the price issue, but Qu Li and Lehman had information gaps, and the two sides valued it differently, so they would not suffer any loss. The final result is self-evident.Lehman Brothers fell into Qu Li's trap from the beginning of this cooperation, and Jumei's financing also received very favorable conditions.

By the end of March, Jumei’s sales across all platforms exceeded 3000 million, of which Jumei’s platform exceeded 1000 million. This kind of growth rate is simply not like that of a fashion clothing e-commerce company.Of course, compared with Taobao, it is just a baby. Not surprisingly, Taobao’s transaction volume this year was 433 billion, which works out to 108 billion in one quarter. Jumei did not even achieve 3/50 of Taobao.However, Jumei's gross profit is astonishing, reaching [-]%. Thanks to Taobao, which does not charge any fees, the Taobao express that started appearing last year is quite affordable.

Jumei also took the initiative in financing because of this outstanding performance. It was at least 5 times the valuation of the first round of financing. It was originally US$0.3 per share and is now at least US$1.5.

Under Wang Yunliang's urging, Qu Li asked them to start quoting, and soon it exceeded US$2 per share, which made the Jumei team very happy. However, this was just the beginning. Lehman was quite aggressive and raised the price to US$2.5 per share.

Shen Nanpeng, who claims to be rational, doesn't understand how Jumei can be so popular. Is the clothing e-commerce track really open? In 2006, the national clothing consumption scale was approximately 7400 billion. So what is the upper limit for leading clothing e-commerce companies?Jumei's current valuation is still far from the upper limit, but the clothing e-commerce track is a domestic specialty, and Nasdaq does not refer to it.

While Shen Nanpeng and Xiong Ge were hesitating, Lehman raised the price to US$2.6 per share. SoftBank Zhongguo seemed to intend to increase the price, but Qu Li stepped forward and ended the increase.Lehman Brothers successfully became the lead investor this time, and Kleiner Perkins Caufield & Byers KPCB withdrew.

"Can you tell me what Jumei did wrong? Why did you quit?" Qu Li stepped forward and asked sincerely. This was his first time running a business and he needed to listen to the advice of professionals.

"Actually, Jumei's shareholding structure design and development speed are quite good, but the company's management structure does not reassure us. You and Chen Danlin are both young and lack experience. If we can have a better CEO, even if the price is higher, We are all willing to invest." XX, head of Kleiner Perkins China

"Oh, that's a pity. I hope I can change your opinion in half a year. If the market environment does not change, we will start the next round of financing before the end of this year. You are welcome to visit Jumei again then." Qu Li definitely does not agree. Will give up management rights,

"Okay, congratulations on your successful financing." The people from Kleiner Perkins Caufield & Byers left

Qu Li only planned to raise US$3000 million in the beginning. This amount was enough. He will continue to raise funds in the second half of the year. He did not expect the valuation to be so promising. It seems that it will exceed the target, which is great!

"Lehman Brothers wants 2000 million shares." Anderson said enthusiastically

"Impossible, I will give up at most 2000 million shares this time." Qu Li did not coddle him.

"..."

"Why is giving more money too much?" Anderson

"Jumei's current price of 2.6 US dollars per share is enough. In half a year, the price will be far more than this price. Considering the comprehensive capital needs, selling 2000 million shares is enough."

At first they planned to raise US$3000 million, and now they have US$5200 million. There is nothing they can't satisfy.Then the other four companies also want it, especially SoftBank, which wants at least 500 million shares.

"Are you sure you can help us in Japan?" Qu Li once again confirmed with Yamamoto Kazuki, who came from SoftBank from Japan and was responsible for this financing.

"Mr. Sun is very optimistic about Mr. Qu and tells us to help as much as we can. In fact, this valuation has exceeded our upper limit, but Jumei can make a traditional giant like Lehman Brothers..."

"..." Qu Li thought that the translation was wrong. What does this have to do with what he asked? It was impossible for him to tell Yamamoto Kazuki that he had a PY transaction with Lehman Brothers. No, the PY transaction did not involve Jumei. Could it be that Lehman Is there a conspiracy behind it?

"We have contacted a company called AKS. Their director Yasushi Akimoto is a well-known lyricist in Japan and is willing to cooperate with Jumei on Hatsune Miku."

Is this the sincerity of SoftBank’s Zhongguo?The corners of Qu Li's mouth twitched when he heard this. As a pseudo-Two-dimensional enthusiast, he had some understanding of Yasushi Akimoto, the promoter behind AKB48. AKS is a small company. In order to make AKB48 successful, he even sold his members to Each agency will come together to train once there is a performance assignment. It is said that they will share interests with other agencies. In fact, they are short of money and resources. AKB48 was soft-hearted at the beginning, which is in line with Hatsune Miku's positioning... …

No, what's Hatsune Miku's position?No, everything is left to Two-dimensional enthusiasts to define.After considering the pros and cons for a while, Qu Li still agreed to cooperate with Qiu Yuanyasu, so that everyone can enjoy each other's popularity.

In the end, Lehman Brothers took 1500 million shares, SoftBank 500 million shares, Sequoia and IDG shared 500 million shares, which means that the total financing this time was 6500 million US dollars, and Qu Li’s shareholding ratio in Jumei dropped to 52%.

Although the US$6500 million in financing is less than ITAT’s US$7000 million, the founder Qu Li is a well-known entrepreneur in the country. A junior high school student raised US$6500 million. This is not the Internet rumor that he earned US$9000 million. .

“A junior high school student opened a Taobao store and raised US$3 million in three years.” After Jumei’s press conference announcing the financing, Ali Taobao took advantage of the marketing momentum and appeared in a large amount of news on Yahoo, making the front pages of the three major portals This news has appeared on the headlines. This may be the influence. Qu Li had such an effect without paying any money.

Jumei’s sales in the first quarter exceeded 3000 million, 6500 million U.S. dollars, approximately 5 million soft sister coins, and Jumei’s valuation reached 3.9 million U.S. dollars, approximately 30 billion soft sister coins. This is another wave of news.

A week later, news about Jumei's financing became less popular, and news that Qu Li held more than 5% of Jumei's shares was also reported by insiders. At the age of 21, his net worth exceeded 15 billion, and the youngest self-made billionaire was born.

Wave after wave of news bombardment has increased the number of registered users of Jumei by 20 every day. With the support of venture capital, ordinary consumers are at least not worried about the company Jumei suddenly running away. In addition, Xiangyun and Danlin The two brands have relatively good reviews on the Internet, and their quality is guaranteed, giving passers-by and consumers more confidence.

Li Liang, the founder of PPG who is far away in Shanghai, obviously does not believe in Jumei's sales data. He has put so many advertisements in paper media and only sold about 1000 million in the first quarter. Jumei's Qu Li is too good at bragging.

"PPG sales exceeded 1 million in the first quarter, and it is expected to exceed 10 billion SoftMei coins for the whole year, far exceeding Jumei. We are currently discussing financing with venture capital..."

"PPG is expected to be listed in the United States in 2009..."

Li Liang, a big liar, was interviewed in Shanghai. Major paper media started to build momentum, believing that the PPG model is more advanced than Jumei. How can a junior high school orphan be as smart as a Chinese-American? Jumei is an online card store, and PPG has no middlemen. Direct selling to earn the price difference...

Qu Li took advantage of the news that he had a net worth of 15 billion and came to Hunan Province.