Back in 2010: I owned 100,000 Bitcoins
Chapter 66 Magnesium Cluster King
I heard the news that Wang Xing would be meeting at the company in the afternoon.
Lu Pengfei was impatient and took Wu Chunjiao to the Yuelai Hotel located at No. 18 Haidian Middle Street, Haidian District in the afternoon.
The third floor here is the current headquarters of Magnesium Group.
When Wang Xing and Lu Pengfei met, Wang Xing was very surprised at how young Lu Pengfei was.
Today, Lu Pengfei is dressed in a business style.
A white Armani T-shirt on the upper body, navy blue casual trousers on the lower body, and a pair of shiny black leather shoes on the feet. The whole person looks energetic and elegant.
Lu Pengfei also thought about his own dress for a long time.
He usually prefers a casual style, but considering that he is only twenty years old, he is really too young.
It will give others the impression that you have no hair on your lips and are not doing things well.
In order to make himself appear more mature, Lu Pengfei had no choice but to choose this business style.
But not to mention, this business suit looks very elegant in conjunction with his height of [-] meters.
It smells a bit like a domineering president!
Just on the way here, assistant Wu Chunjiao sat in the passenger seat and peeked at him many times to illustrate this.
Wang Xing's outfit is much simpler than Lu Pengfei's.
A gray printed T-shirt, a pair of casual jeans, and a pair of blue sneakers, with a pair of rimless glasses and a short haircut.
Lu Pengfei recognized Wang Xing when he saw him. Lu Pengfei had seen him online in his previous life.
When he saw Lu Pengfei looking at him, Wang Xing smiled and stepped forward to shake his hand.
"Welcome friends from Spring and Autumn Capital to Magnesium Group. I didn't expect Mr. Lu to be so young, which really surprised me!"
Before coming, Magnesium Tuan got the news.
It is said that the person who met Wang Xing was the founder of Spring Capital.
At first Wang Xing thought he was a middle-aged uncle!
Unexpectedly, what he saw now was such a young man, which really surprised him.
I thought that this guy would not be a rich second generation who wanted to start a business like me!
I wondered if the company founded by this rich second generation was reliable.
When he learned that Spring Capital was going to meet with him, he asked his secretary to check the origin of Spring Capital.
Unexpectedly, Spring Capital was a newly registered company, which made him look down upon Spring Capital and Lu Pengfei.
Wang Xing is one of those very arrogant people. If he hadn't been like this in his previous life, he wouldn't have had the courage to confront the Ahri Group head-on!
Lu Pengfei happily shook hands with Wang Xing and said some compliments, and then the two parties entered Wang Xing's office.
After both parties sat down, Wang Xing's secretary politely served tea to everyone and then left.
After the secretary left, Lu Pengfei did not start talking about financing, but just started chatting with Wang Xing.
This guy Wang Xing has a wide range of hobbies and can talk a few words about everything, but his personality is the kind of person who can talk to death if he talks little. The two of them can't talk anymore!
Seeing that Wang Xing was no longer interested in chatting, Lu Pengfei ended the topic.
"Mr. Lu, what's the purpose of your visit to Magnesium Group today?" Wang Xing finally couldn't help but ask Lu Pengfei.
Seeing that Wang Xing finally couldn't help but ask, Lu Pengfei raised the corners of his mouth slightly and asked with a smile.
"I heard that Mr. Wang's magnesium group is planning to raise funds recently. I am more interested in magnesium group, so I came over to see if there is any chance to invest some money."
"But Mr. Wang, when I walked from the office just now, why did it seem like the working environment here was a bit depressing?"
"Did the magnesium ball encounter any problems?" Lu Pengfei asked Wang Xing doubtfully.
Wang Xing expressed his vow to Lu Pengfei.
"It's nothing. Mr. Lu, you are worrying too much."
"Since Magnesium Group went online on March 3, it has achieved breakeven in the past three months, and the future prospects are very good."
"It is precisely because of this that many venture capitals such as Red Shirt Capital, IDG, and Matrix Partners have recently expressed interest in financing Meituan.com, and the specific details are still under negotiation."
Hearing this, Lu Pengfei didn't think much about it. In fact, he didn't know yet that Tengxun launched a group buying platform two days ago.
In recent days, most of his energy has been focused on Xiaomi. However, Tengxun's group buying platform has only been online for a few days and is currently being tested on a small scale and not promoted. It is not that people in the industry will not notice it at all.
Lu Pengfei asked Wang Xing if any investment institution had confirmed financing from Magnesium Group. Wang Xing said that all three companies were interested in financing.
However, the amount of financing and shares have not yet been negotiated.
In fact, Wang Xing deceived Lu Pengfei.
Indeed, three venture capital firms had previously intended to invest in Magnesium Group.
However, after Tengxun launched the group buying platform a few days ago, the three venture capital institutions collectively became silent and began to hesitate to invest in Magnesium Group.
However, Magnesium Group is in urgent need of a large amount of financing. It uses a lot of money to quickly occupy the market and occupy the first step to overcome the difficulty of Tengxun.
I saw Lu Pengfei, a young man, arriving and interested in investing in Magnesium Group.
Wang Xing made up his mind to deceive Lu Pengfei into investing no matter what.
After hearing Wang Xing's words, Lu Pengfei's worries were relieved. He was now afraid that Wang Xing had already finalized investment plans with several other venture capital companies.
If that happens, it will be difficult for Spring Capital to get involved.
After hearing this, Lu Pengfei said to Wang Xing, "I wonder what Mr. Wang plans for this financing plan?"
Wang Xing pretended to be calm and said, "Our magnesium group has achieved a profit-loss balance in three months, and the future development prospects are very good. In order to speed up the occupation of market share, we plan to take out [-]% of the shares this time to raise funds." Twenty million dollars!”
Hearing Wang Xing's words, Lu Pengfei couldn't help but stare at him.
He asked with some confusion, "Mr. Wang, are you kidding me! Magnesium Tuan has only been online for three months.
And as far as I know, only two sites in Shanghai and Wuhan have been launched so far. Your valuation of Magnesium Tuan at US$[-] million seems a bit too much! "
Hearing Lu Pengfei's question, Wang Xing felt a little unsure.
In fact, when he was negotiating with several other venture capital companies, the valuation of Magnesium Group was US$[-] million. Even so, those venture capital investors still thought the valuation was too high.
Lu Pengfei continued, "The total assets of Magnesium Group are currently only [-] million yuan, and they have skyrocketed to more than [-] million yuan in three months. It is really unjustifiable!
More than [-] million US dollars is enough for me to completely acquire some other group buying platforms! "
Magnesium Tuan is different from Xiaomi. Although Xiaomi has been established for a short time, Xiaomi company only has a registered capital of US$[-] million.
Moreover, the founding team members of Xiaomi are all big names in the industry. They are either senior engineers from Google or senior talents from Motorola. They play a decisive role in the research and development of Xiaomi mobile phones.
Lei Jun is right, these sixteen people alone are worth [-] million US dollars!
On the other hand, Magnesium Tuan has not only launched two sites now, but to be honest, the technical content is really not high and there are no technical barriers at all.
There is a serious trend of following the trend in the market, and now hundreds of group buying websites have popped up.
And there will be more in the future. In the past life, the battle of thousands of groups was used to describe the fierce competition in the group buying field.
In the end, after back-and-forth negotiations between the two parties, Meituan’s valuation was reduced to a minimum of US$[-] million.
For this valuation, Lu Pengfei feels that it is still a bit high.
The market value of Magnesium Group will develop very well in the future, but it cannot change the reality that it has only been established for less than three months!
But when the two sides talked about US$[-] million, Wang Xing refused to lower it at any price. This was the price that would kill him.
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