I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 506: Haijing A Round Finalized
President Lei remained calm and did not seem dissatisfied with Jiang Hao's proposal to take everything.
On the contrary, at this moment, he spoke in a tone that contained some doubt and reminder.
"Mr. Jiang, I can understand the Himalaya project."
"But Mr. He's Xiaopeng Motors makes pure electric cars, not traditional fuel cars, nor hybrid cars. You should think about it carefully."
It can be heard that Mr. Lei is not that optimistic about electric vehicles at the moment.
After all, it is 15, and there are almost no other pure electric cars on the market except Tesla.
The price of Tesla at this time is that of a real luxury car.
It is novel and has attracted a lot of attention, but its sales in the domestic market are not high.
Once it comes to the low-end market, BYD is the only one left.
Even BYD mainly focuses on hybrid vehicles, and most of them are used to run Didi with government subsidies.
If Mr. Lei was not a good friend of Mr. He from Xiaopeng, I guess he would not have participated in this investment.
Of course, after electric vehicles have developed for a few more years and matured, Mr. Lei himself resolutely entered this field and built his own car.
Jiang Hao currently has no other ideas and is planning to make a series of investments with Haoyue Capital.
The tens of billions of personal funds that he has fully taxed will not be easily used for other investments.
Otherwise, he might as well hand it over directly to Haoyue Capital and save a lot of tax.
This money is equivalent to a bottom line for him, no matter if the company goes bankrupt in the future.
With this amount of money, at least he is invincible.
As for the investment funds, it relies on Haoyue Capital’s own fixed revenue and loans.
With Jiang Hao's current reputation across the country, there is no need to say much about the loan amount of this capital company!
"Mr. Lei, I am very optimistic about trams."
"From the perspective of future trends and the current national subsidy policy, the development of domestic electric vehicles is a major trend."
"I also believe in Mr. He. I still use the UC browser he created."
Speaking of which, Mr. He’s development path is somewhat similar to Jiang Hao’s own.
It started as UC and went through ten years of development and multiple rounds of financing.
Although it was not listed, it was also acquired by Alibaba as a whole. At least Mr. He personally cashed out a large amount of cash.
And just like Jiang Hao now, he immediately turned to new entrepreneurial ventures.
This has also led to a lot of investment in Mr. He. Even though they may not be optimistic about the pure electric vehicle business at present, they are all willing to invest.
If Mr. Lei hadn't been willing to express his opinion, it would not be realistic for Jiang Hao to force himself to invest.
"Since you think it's okay, that's fine."
……
When Jiang Hao and Mr. Lei were confirming the specific financing opinions, Tao Jiajia was following behind Zhang Jing.
Next to him is Mr. Zhang from Hillhouse Capital and representatives from several other capital companies that are interested in cooperating.
Originally, everyone was sitting in the conference room waiting, and she had been preparing various teas and snacks in advance without stopping.
However, after waiting for a while, Mr. Zhang suggested that Zhang Jing take him to Dibao Technology upstairs to take a look.
Several other investors are also very interested in Dibao Technology.
They all came to visit, and Tao Jiajia, as an assistant, was naturally busy as well.
It was not until this moment that she had a more intuitive understanding of her boss, the billionaire.
I thought that after leaving Totoro, my boss Mr. Jiang would have no other business except Haijing.
I didn't expect that from what I heard, the Jiangnan Quick Payment Company, Yipiaopiao Company, and Dibao Technology upstairs were all businesses of my boss, Mr. Jiang.
"Buzz~buzz~"
Zhang Jing felt her phone and looked at the messages.
Then he spoke enthusiastically to the several investors' representatives behind him.
"Boss Zhang, Boss Jiang has already reached an agreement with Boss Lei. I will take you there now."
"Would you like to go back to the conference room and sit for a while? Xiao Tao, you lead the guests and entertain them well!"
As she spoke, Zhang Jing took Mr. Zhang to the office downstairs.
……
"Mr. Zhang, what price are you willing to give?"
Compared with Mr. Lei, his old friend Mr. Zhang is much more direct.
"It's you, Mr. Jiang, who has the final say. If I say 15 billion, will you agree?"
Mr. Zhang always joked with Jiang Hao with a smile.
"Mr. Zhang, that's not what I meant. If Sequoia Capital and IDG are willing to give a higher valuation, don't blame me!"
Feelings are feelings, and investment is investment.
The fact that Jiang Hao was the first one to discuss price with Mr. Zhang already represented a certain tendency.
"Let me confirm one thing first."
"You said."
“How long will it take for Haijing Technology to start its B round?”
"If things go well, it should be this year, around the time when the third-party dedicated business order platform goes online and the B round is launched."
With the current development trend of Haijing Short Video, the money in the A round is actually used to burn money to attract users and creators.
At the same time, we just built the third-party business order platform.
The workload is not huge and we will probably enter the B round before the end of the year.
Haijing Technology itself has a large number of users, and Jiang Hao also has a complete plan for Haijing.
As long as the funds are in place, the pace of development will not stop until the final step of live streaming with goods is started!
There will be at least 4-5 rounds of financing in the middle, or even more, and the financing process of the first one or two rounds will be very fast.
“I am willing to give a valuation of 20 billion, with a minimum share of 5%, and I also want to continue to participate in the B round of financing.”
Jiang Hao is really not the same person he was before. When he was in the A round of Totoro, he would be easily stunned when faced with a valuation of over 100 million and tens of millions of financing funds.
When Jiang Hao heard this number today, he felt extremely calm.
I was relatively satisfied with this number and nodded to accept it temporarily.
The pace of the meetings and talks went much faster after that, and by around 7 p.m., he had finally contacted all the interested parties.
Among them, the companies with the most powerful investments are still his old acquaintances.
Sequoia Capital offered the highest bid, with a valuation of 23 billion, and IDG’s highest bid was the same as the one offered by Mr. Zhang of Gaoling, which was 20 billion.
Finally, Jiang Hao identified the investor who would accept the financing at around 9 o'clock in the evening and sent a notification to the other party.
The financing agreement was formally signed on the morning of the next day.
In the A round, Haijing Technology raised a total of 4 million yuan, and its post-investment valuation reached 24 billion yuan.
A total of 20% of the equity was sold, with the majority held by Mr. Zhang and Mr. Lei of Hillhouse Capital, each holding 5% of the shares.
Sequoia Capital and IDG Capital each hold 2.5%, so a total of 15% of the shares were given to external investors.
The remaining 5% is reserved for our own people.
Among them, Lu Weiming, Yang Tianhao and Qishan Capital equally divided the last 5% of the shares, with each holding 1.67%.
Since then, Haijing Technology's Series A financing has come to an end.
A total of 4 million yuan in cash has alleviated Haijing Technology's urgent financial needs.
At least Lu Miaofang felt relieved.
Although we know that President Jiang is not short of money, the company will not be short of money in the future.
However, the company currently has no money in its account. If the financing funds do not come in, the company estimates that it will have to delay the payment of employees’ salaries this month.
The cash flow on a company's books may be interrupted, which is not a small problem for any company.
Fortunately, the financing was successfully completed in the end, allowing Haijing to continue burning money smoothly!
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