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

"Mr. Qiu, your company's style of hard work is well carried forward!"

As soon as he entered the meeting room, Jiang Hao took the lead and shook hands with Mr. Qiu from Miyin.

As for this company!

Apart from its unique business direction, there is really nothing to brag about.

The company was founded as Totoro Technology promoted the live broadcast industry in Songjiang City.

Many small live streaming platforms also choose to start their businesses in Songjiang City.

Industries began to gather, and talents in the live broadcast industry began to gather.

And Mr. Qiu’s Miyin Live is one of them.

The fact that the company’s address is located in an old urban area like Yihe District indicates that the company’s funds are limited.

At the same time, Mr. Qiu’s office is not a big building, but a small building like a civilian rental house.

This building has three floors in total. The first floor is a storefront and the second floor seems to be a training institution.

Only the third floor is Mr. Qiu’s Miyin live broadcast office location.

"Mr. Jiang, it is our honor that our company can be recognized by you!"

Mr. Qiu and Mr. Zeng standing next to him were extremely excited about Jiang Hao's praise.

At the same time, they were warmly received.

Obviously, they are not opposed to this acquisition at all.

After greeting Jiang Hao, he continued to greet Gao Yan who was standing beside him.

That’s right! Hillhouse Capital is the investor in the Series A round of Miyin Live.

The acquisition process this time still has to go through Hillhouse Capital.

The registered capital of Miyin Live Broadcasting Company is one million yuan, but it was actually established by Mr. Qiu with 600,000 yuan of his own money.

I had a good vision at that time. Among the many live broadcast sections, I chose a channel that mainly provided ARSM sleep aids such as voice actors.

Their company really does a good job in this small sub-area.

In particular, he has trained many of this type of anchors very effectively.

At the beginning of the year, when capital was the hottest, we also received funding from Hillhouse Capital.

300 million RMB, 25%.

For most A rounds, this amount of funding is actually a bit small, similar to many angel rounds.

But who can blame the industry for having already started to involute itself, and Miyin Live is a niche platform?

User data stickiness is good, but it cannot be expanded.

Hillhouse Capital is willing to invest in this Series A round, and I guess they are considering it before making the move.

Most of the live streaming companies still in existence on the market today are essentially backed by major capital companies.

Especially Tencent, which I discovered last time when I asked Zhan Liang to do an investigation.

Among the small live streaming platforms on the market, Tencent has invested in 11 of them, not including Totoro Technology.

"Manager Gao, I didn't expect you to come in person for this acquisition."

"Teacher Zheng just opened a new company! I was thinking about the time to discuss the acquisition, so I came to see you."

Although they are discussing an acquisition, in reality the intentions of all parties have already been almost finalized.

In particular, the investor behind Miyin is Jiang Hao’s old acquaintance, Hillhouse Capital.

After briefly greeting each other, the three parties sat down in the conference room.

This time Jiang Hao brought Mr. Hu and Mr. Lu from the finance department.

This was the company’s first acquisition, so he came in person to lead the team.

As for subsequent acquisitions, they may be fully handed over to Hu Sen, or Lu Miaofang, the vice president and financial director.

"Mr. Jiang, we still insist on a more reasonable price of 2800 million RMB for this acquisition."

Although they were familiar with each other, Gao Yan was very clear about the price she offered on behalf of Mi Yin.

It was exactly the same as the initial offer given to him on WeChat, with no intention of backing down at all.

"Manager Gao, this price is impossible. The highest price is 1600 million."

"The market is so competitive right now that a large number of live streaming companies have closed down due to lack of funding."

"As far as I know, Miyin Company's development has not been smooth recently."

"If you miss out on this opportunity, you will miss out on this opportunity if your company is willing to pay a high price like ours!"

Jiang Hao’s psychological bottom line is 2200 million, and he hopes the appropriate price will be below 1800 million.

Miyin Live's Series A valuation is RMB 1200 million. His ability to acquire it at this price at this time is absolutely unique in the market.

Gao Yan glanced at Mr. Qiu and Mr. Zeng standing beside her, and the three of them exchanged a few words in a low voice.

For some reason, when Jiang Hao looked at Mr. Qiu and Mr. Zeng, he always had a sense of déjà vu when he was with Lu Weiming.

"How about this, Mr. Jiang, let's take a step back."

"How about 2500?"

"Manager Gao, your price is too insincere!"

"I would have accepted 2500 million a month ago, but it's not possible given the market conditions now."

A month ago, most small platforms were still struggling and only a few had gone bankrupt.

Nowadays, platforms are closing down every day. Except for the top few, all others can’t survive.

The Miyin platform is naturally no exception. Its financial situation is poor and its funds have long since bottomed out.

Unless Hillhouse Capital is willing to invest in the B round, the final result will be bankruptcy or limping along for another one or two years.

However, Hillhouse Capital’s investment in their platform was not aimed at going public.

How can we continue to help raise the B round of funds before finding a clear buyer?

"1800 million, I'll add another two million."

"Mr. Gao, there are more than one platform on the market that is on the same track as Mixin."

Seeing that Jiang Hao added another two million, Mr. Qiu and Mr. Zeng on the opposite side were obviously moved.

From time to time, he glanced at Gao Yan beside him.

This made Jiang Hao immediately clear that it seemed that there was a great chance that he could win it with 1800 million. If that didn't work, 2000 million would definitely be enough.

"Boss Jiang, you are not referring to Cat Live, are you?"

"The anchors they have signed with their platform, including those who are not mature enough in training this type of live broadcast."

"And if you are really interested, we at Hillhouse also welcome you!"

Gao Yan was smiling at this moment, and raised one hand upwards, indicating that she didn't care at all.

“You also invested in the Series A round of Maomao Live?”

The focus of Totoro's acquisition of companies in this category is Miyin Live.

Jiang Hao himself has not paid close attention to Maomi Live. He only knows that the company’s final high-level meeting believed that Miyin was the more suitable of the two platforms.

Seeing what Gao Yan meant, he also realized that it turned out that Hillhouse Capital was behind this Maomi Live broadcast.

“That’s not the case. Maomi Live is smaller in size and hasn’t reached its A round yet.”

“But it was Hillhouse Capital that invested in the angel round.”

Invest in two companies at once and directly invest in all the projects in this track?

For this type of enterprise, Hillhouse Capital definitely hopes to make money by selling it, and it is impossible for it to help it go public.

Jiang Hao thought about it and understood a little.

It is estimated that after their platform acquires one company, the other one will probably be acquired by either Huya or Penguin Esports.

After all, they are competitors, and it is impossible for them to allow Chinchilla to develop new businesses.

However, Gao Yan herself, representing Hillhouse Capital, could sit still, but the two founders next to her really couldn't sit still at this moment.

Their platform has been developed to this point, and they have already understood the entire industry situation.

Now, in order to go public and expand its business types, the Totoro platform is willing to pay a high price to acquire their platform, which is the best opportunity to get rid of it.

If you don’t sell it now, you will miss it forever!

"Mr. Gao, I think Mr. Jiang's offer is quite sincere."

"Why don't we continue communicating?"

The person who spoke was Mr. Qiu, who was the actual founder and general manager of the company.

But apart from receiving them at the beginning, most of them just acted as invisible people in the conference room.

After being unable to sit still any longer, he finally spoke.

But after he mentioned this, Jiang Hao felt more confident.