I was reborn and stayed in school to lie down. I really don’t want to roll anymore!

"Brother Lu, you're here early!"

"It will take more than an hour for the others to arrive."

The car just drove to the Fortune Center Building and arrived at my company.

When I looked up, I saw Lu Weiming drinking tea in the lounge in the lobby on the 17th floor.

"Brother Jiang, I'm just afraid of delaying things!"

"It's better to come earlier! This is the only company among all my investments that has come this far."

"To be honest, I couldn't sleep last night. This is really unbearable to think about!"

In fact, Lu Weiming still feels a little floating and unreal.

The development of Totoro Live was really too fast, even faster than he could have imagined.

His mind was still lingering on the feeling of the success of the last round of A financing, and he always felt that the company had only been in the A round for a short time.

Now, half a year later, the B round is about to officially begin!

In particular, his contribution to Totoro Live was just the angel round of financing.

If we really want to count, at most we would just add up the hundreds of thousands of gifts given on the platform every month.

Now it is really like riding a rocket, and today is the day to sign the B round agreement.

"What's there to be afraid of?"

"It's still early anyway, why don't we go next door and have some tea?"

"The teahouse here hasn't been built yet. I'll ask Zhang Jing to speed up the process tomorrow."

Although this matter should be handled by the new manager Wu from the administrative department.

However, Jiang Hao is still more accustomed to Zhang Jing, the old employee, in many things, just like this matter was blamed on her in the first place.

Fortunately, Zhang Jing has no complaints about this.

On the contrary, it made her feel happy and she felt more secure about her position in the company.

"No, no, I'd better sit here for a while."

"I've been feeling a bit confused lately. Today is such an important matter. Please remind me later."

Lu Weiming himself is actually not stupid. On the contrary, he is able to expand the liquor business, which definitely shows his ability.

It’s just that his way of doing things is old-fashioned, and Totoro Live itself is an Internet industry.

The live streaming industry has only emerged in recent years, even though Lu Weiming often watches live streaming.

However, I am still a novice when it comes to the operation of the live broadcast company, including the company's development and financing.

In addition, the good news he received one after another recently made him a little over the top, which made him easily confused and made some jokes.

Seeing this, Jiang Hao said no more and also waited upstairs and handled some daily work in the office.

It was after 10: in the morning that he took Lu Weiming to the large conference room downstairs to wait.

Qi Jie, CFO and Vice President of Tencent Group, led the team into the conference room last.

All those who were prepared to attend have finally arrived.

It will take some time before the formal signing, and the legal teams of several parties still need to make final confirmation.

The leaders of the parties inside were chatting and laughing while waiting.

"Boss Jiang, I've been hearing Boss Zhang say you're young, but I haven't taken it seriously."

"I just realized you're so young when we met today!"

As the financial director of a top company, Vice President Qi is smiling at the moment.

Even though the signing time was set this morning because Tencent was in a hurry to finalize the matter.

But at the scene of the signing, Vice President Qi did not seem anxious at all.

"Boss Jiang, your company is developing really fast right now! But the competitive pressure is not small either."

Before Jiang Hao could respond with the same business compliment, Vice President Qi brought up the topic again.

"Yes! YY Live's revenue is unique in the industry, and its newly independent subsidiary Huya Live is also developing rapidly."

"The pressure is not small, but I can bear it for now."

Jiang Hao was habitually modest, although he praised YY's advantages.

However, with the current development of Totoro Live and the huge traffic it has, plus the upcoming US$7 million Series B financing.

He is really not afraid of a head-on confrontation with YY, especially with the addition of the section for female anchors.

The fight between the two platforms is predictable, but for the time being the entire live streaming pie is still expanding rapidly.

Both parties can still attract growth traffic in the market, and it has not yet reached the stage where they are competing for the cake with each other.

But judging from the current development situation, the day of head-on confrontation is estimated to be within two to three years.

That will be the time for various mergers and the determination of the true industry leader!

"Haha! More than that!"

"Boss Jiang, we are already discussing our internal live broadcast project, and the name has been agreed to be Penguin Esports."

“Once the project is launched, most of the company’s resources may be allocated to Penguin Esports.”

"It's hard to say whether your company's development will be as smooth as it is now by then!"

Mr. Qi had a smile on his face and spoke in a very polite manner.

However, the content of what he said seemed to be disrespectful to Jiang Hao, including the implication of Totoro's live broadcast.

It seems that in his opinion, the development of Totoro Live to its current level is entirely due to Tencent.

It’s just because their internal project at Tencent has not started and they haven’t entered the market yet.

This has given rise to the rapid development of Totoro Live.

If the Penguin Esports project he mentioned were launched, it would sound like they would be the only company dominating the market.

As expected, he came from a large group. Even though he was just a vice president or financial officer, the confidence he displayed was genuine.

However, in the eyes of Jiang Hao, a reborn person, the failed development of Penguin Esports is particularly clear.

This time, looking at what Mr. Qi said, I just felt that he was a little conceited!

And he did not take the efforts of Totoro Live itself, or the struggles of him and so many employees in the company seriously.

Jiang Hao has been doing very well since his rebirth, both in his studies and career.

Now it can be regarded as a wake-up call for him again. Mr. Zhang may really appreciate him.

But most managers or founders of these large groups may not really look down on him.

"Haha! Then I am really looking forward to the birth of Penguin Esports! I hope we can have the opportunity to cooperate with each other then."

No matter what, the other party is still a big boss and a big group!

Before their Totoro Live went public, they still had to rely on certain support from the other party behind them.

Jiang Hao put aside his dissatisfaction at this time and responded in an official manner.

My interest in the following exchanges was somewhat disturbed.

Fortunately, after the lawyers of the parties involved in the contract reviewed it, it was time to sign.

Jiang Hao's inner excitement rose again!

Holding the most expensive pen I bought from the nearby stationery store that morning.

At the end of this contract, he signed his own name.

As for the various conditions for the intermediate payment of funds, Jiang Hao did not confirm them again, as there was a team of lawyers to check them anyway.

Specifically, he had communicated with Mr. Zhang's team, especially Manager Gao.

If you want to move to the C round, the conditions in this contract must be met.

Tencent's Vice President Qi signed, and representatives from two major institutions, Sequoia Capital and IDG, signed one after another!

Finally, Totoro Live successfully completed its B round of financing!

Tencent led the investment with an investment of US$5250 million, accounting for 15% of the shares.

Sequoia Capital followed suit, investing US$1050 million and holding a 3% stake.

IGD Capital followed suit with an investment of US$700 million, accounting for 2% of the shares.

The shares of the original shareholders of Totoro Live were diluted accordingly!

Jiang Hao personally holds 55.25% of the shares (including 10% of the shares held on behalf of the company's option pool), which after dilution accounts for 44.2%.

(Individual holdings: 36.2%, company option pool: 8%)

Hillhouse Capital originally held 28% of the shares, which after dilution accounted for 22.4%.

Yifan Investment originally held 7% of the shares, and after dilution its stake now stands at 5.6%.

The largest individual shareholder other than the founder, angel investor Lu Weiming, saw his stake diluted from 9.75% to 7.8%.

The valuation of Totoro Live has also increased from 1.4 million yuan to about 22 billion yuan today.

And now behind it stand three top capitals and Tencent, a giant domestic first-tier company!

After this round of financing, Totoro Live has really become a big name.

At least now that the company Totoro Live has been announced to the public, no one in the industry will have not heard of them.

After signing the agreement, Jiang Hao is still immersed in the joy that Totoro Live has entered the B round.

On the other hand, Tencent acted quickly because it is a listed company.

Important investment and M&A news require notification and announcement!

In particular, the group’s focus has now shifted to the live broadcast field, and it is eager to show the outside world that the group attaches great importance to this aspect.

So that evening, the news that Tencent led a US$7000 million investment in Totoro Live was quietly announced on Tencent’s website.

This kind of news, which most people just glanced over, is tantamount to a major earthquake for the live streaming industry.

As for Jiang Hao, the vest that he had always kept a low profile can no longer cover up his true self!