Unlimited modification of Shenhao

After returning to Chengdu, there were too many people to visit Qi Sheng.

There were venture capital and banks, and Lu Wei couldn't refuse many of them, so he pushed them to Qi Sheng's side.

Qi Sheng met a few selectively and made an appointment with Zi Fei by the Luhu Lake to eat and chat.

"Director Qi, I have contributed a lot of real money to Zifei and Yu Tu under Zhuangyu Catering. Is there any chance for me to get involved?"

He Yu has a blind fanaticism towards the company under Qi Sheng's name.

Just from the Spicy King project alone, they made a fortune.

When it comes to exiting, the return on investment will be more than 10 times at least.

It can be said that Lawang is Black Ant Capital’s most successful investment case.

Precisely because of the star project of Spicy King, Black Ant Capital’s subsequent two rounds of fundraising were particularly smooth.

But relying on one spicy king alone is not enough to support Black Ant Capital for a lifetime.

No, He Yu was thinking about other companies under his name again.

"Mr. He, forget about Zhuangyu Catering. I wonder if you are interested in Bubble Mart?"

Qi Sheng has other considerations for Zhuangyu Catering and is not in a hurry to raise external financing.

"Bubble Mart?"

He Yu's eyes lit up, "Of course I'm interested!"

"To be honest with Mr. He, I plan to raise another round of financing before Bubble Mart goes public. The valuation is tentatively set at US$30 billion."

"If Mr. He is interested, you can communicate more with Mr. Si."

Qi Sheng opened his mouth and doubled the valuation of Bubble Mart, which shocked several people present.

But some people looked unmoved and instead considered the valuation thoughtfully.

"$30 billion..."

He Yu was stunned for a moment, he didn't expect Qi Sheng to have such a big appetite.

At that time, they exited from Bubble Mart, and their valuation was less than US$3 million.

In less than a year, the valuation has increased 10 times!

Stealing money is nothing more than that.

But looking at the performance of Bubble Mart, it is indeed a boom.

The blind box business alone is very profitable.

The newly developed Ultraman cards helped double its net profit.

"Director Qi, we at China Star Capital are willing to accept this valuation!"

An unattractive bald middle-aged man at the dinner table nodded slightly to Qi Sheng.

"Bao Fan?"

Qi Sheng naturally doesn't understand this big man in the investment circle who once made a lot of noise.

China Star Capital was founded by him and he has deep friendships with many Internet giants.

He promoted the mergers of Meituan and Dianping, and Didi and Kuaidi.

It can be said that he is quite famous in the investment circle.

"Thank you Mr. Bao for your recognition of our Bubble Mart. We can talk in detail later after the dinner is over."

Qi Sheng raised his glass to Bao Fan, not intending to talk too much at the dinner table.

Shen Nanping of Sequoia will definitely pursue this round of financing from Bubble Mart.

Then there is Huaxing, a small shareholder who followed the investment.

This round of financing has basically ended.

It doesn't matter if there's anyone else or not.

"Director Qi, we at Black Ant Capital also accept this valuation!"

He Yu suddenly became anxious and looked at Bao Fan warily.

Although, he has a good relationship with Qi Sheng.

But if you want to maintain this relationship, you must be more synchronized in some aspects.

Just like the company under Qi Sheng's name needs financing, he naturally has to help promote it.

But Bao Fan, his grandson, actually beat him to it and sold a favor to Qi Sheng.

He Yu was afraid that if he hesitated again, his relationship with Qi Sheng would be affected.

After the dinner ended, several other investors wisely said goodbye and left.

Qi Sheng took He Yu and Bao Fan back to Shengxuan Financial Center.

By the way, I called the CEO of Bubble Mart, Si Kang, and asked him to report to the two investors.

"Mr. Si, please briefly introduce the company's current revenue and profits to Mr. He and Mr. Bao."

Qi Sheng snapped his fingers and motioned Liu Shiwen to make tea.

"Ok."

Si Kang gave a very detailed introduction, from the number of stores to the matrix creation of brand IP.

Even the number of fashion designers who have signed contracts, as well as the newly added production and sales data of Ultraman cards.

As investors, He Yu and Bao Fan naturally heard that Si Kang's introduction was lacking in quality.

These are all real results, and they can also find out through follow-up due diligence.

"Mr. Si, what do you think, can Bubble Mart's net profit reach more than 10 billion this year?"

Bao Fan was a little surprised and said, "Wouldn't Bubble Mart's revenue this year reach 50 billion?"

"Yes, this is because we have not fully developed the profit potential of Ultraman cards, otherwise the net profit will be higher."

"We are considering creating some offline 'hero showdown' activities to increase the influence of Ultraman cards and stimulate card sales data."

Si Kang gave a friendly reminder: "Mr. He, Mr. Bao, we plan to submit a prospectus to the Hong Kong Stock Exchange in June. If everything goes well, we will be listed by the end of the year."

"Is it going on the market so soon?"

He Yu was also surprised. He didn't expect that Bubble Mart was the first company listed under Qi Sheng's name.

On the contrary, Spicy King has not made any move yet.

In other words, we are still waiting for more exciting news to stimulate the valuation to continue to grow.

"Director Qi and I also applied for this round of financing. Mr. Shen of Sequoia has accepted Bubble Mart's valuation for this round. It depends on the two of you."

Si Kang was not in a hurry at all. At worst, he could ask for hundreds of millions if he opened his mouth to the boss.

Qi Sheng's financial resources are not inferior to those of top venture capital firms like Sequoia.

Precisely because of its confidence, Si Kang’s investment in Black Ant and Huaxing was dispensable.

But it is precisely this confidence that reassures investors the most.

Moreover, Bubble Mart’s performance is indeed very beautiful.

The net profit of the blind box and Ultraman card business itself is very high, at least 20%.

If the revenue reaches 50 billion, the net profit will be 10 billion.

A valuation of US$30 billion compared with a net profit of US$10 billion.

However, the PE is only 21 times, which is not too outrageous.

In fact, Bubble Mart may even hit the 100 billion US dollar watershed for super unicorns.

After drinking a cup of hot tea, the two of them had made a decision.

"Director Qi, our China Star Capital plans to invest 3000 million US dollars."

"We, Black Ant Capital, can invest US$6000 million."

Bao Fan and He Yu looked at each other and spoke one after another in tacit understanding.

"Thank you Mr. Bao and Mr. He for your support of Bubble Mart. I can make a promise to you two."

"If the market value of Bubble Mart is lower than your investment valuation, I can buy back the shares you hold out of my own pocket."

After Qi Sheng said these words, Bao Fan and He Yu suddenly felt relieved.

This situation is simply impossible.

Bubble Mart has the lowest market value, also exceeding 20 billion.

This is without him taking over.

"Haha, with Dong Qi's words, I feel relieved."