My Age of Investment

   Chapter 879

  The Spring Festival is over, and the time comes to March.

  In the past February, a major event occurred in the Chinese Internet circle.

Zhang Fan, the founding partner of Sequoia China, personally stepped down and posted online bombarding Chen Yizhou, the founder of Thousand Oaks Group, for his lack of talent and morals, and lost 200 million US dollars to investors, setting a record of losing money in the history of China's Internet industry, and suspected of deceiving investors. So much.

  Although this post was quickly deleted only half an hour after it was issued, it has been seen by a large number of users of this forum and reposted to other Internet communities and forums, attracting countless people to watch and discuss.

  The venture capital circle has always been mysterious, and the word VC has always been accompanied by tall vocabulary such as ringing the bell to go public, financial freedom, and getting rich overnight.

  When did you ever see someone losing money? And a loss is still 200 million US dollars?

  Eating melons. Netizens eat melons, and they are deeply investigating various investment institutions that invest in Thousand Oaks.

  In fact, Zhang Fan was also completely irritated by Chen Yizhou’s refusal to refund the money, and put on a rascal look like you and me, and then thought about ruining Chen Yizhou and unable to gain a foothold in the venture capital circle.

   Only half an hour after Zhang Fan’s post was posted, Xiong Xiaoge, Yan Yan, and Zhu Linan who heard the wind hurriedly called Zhang Fan to persuade the impulsive master to delete the post as soon as possible.

Zhang Fan was also dizzy. After being scolded by his friends, he immediately realized that the matter was rough, and hurriedly deleted the post, but the action was a step late. Public opinion has spread widely, especially in The proliferation of the domestic network is particularly exaggerated, and it is almost impossible to promote it on the homepage.

  Chen Yizhou sits at home, the pot comes from the sky!

  He saw so many netizens mocking himself, how could he bear it, and immediately posted in Maopu’s real name, refuting Zhang Fan’s slander against him one by one, and even questioned Zhang Fan’s abilities and character defects in turn.

After completely tearing his face, Chen Yizhou no longer had any scruples, he shook out every secret story.

  Sequoia, IDG, SAIF, Junlian, Walden... a large number of institutions have secretly formed alliances to deliberately target Vision Capital.

  Capital coerced start-up companies and burned money indefinitely, resulting in huge losses of 200 million US dollars. The culprit was venture capital institutions eager for success and profit.

  When things cannot be done, Zhang Fan vents his anger and encourages entrepreneurs to continue to jump into the pit.

  ...

  There are so many fierce materials, so many grievances and hatreds, and it also involves the richest man Xia Jingxing. While watching the netizens, they also feel that they are eye-opening.

   However, in the face of Chen Yizhou's fierce counterattack, Zhang Fan and other investors remained silent, and no one jumped out to line up with it, and seemed to want to deal with it coldly.

   Seeing that there were no melons to eat, the discussion on the Internet soon shifted to Hainei.com and Xia Jingxing.

  Xia Jingxing was praised by countless netizens. He deserves to be the richest man. He singled out half of the domestic venture capital circle by one person and one organization, and even won. So many venture capitals are embarrassed.

  There is also a lot of discussion on the domestic network. The three games set the scene, repelled the penguin, and defeated Thousand Oaks.

In the eyes of netizens, Thousand Oaks has actually collapsed.

  First, the promotion of "Renren Farm" failed, and then the loss of the few remaining active users of Renren.com continued to accelerate, and now there is a "fighting among shareholders".

  No one thinks Thousand Oaks still has a chance to rise again. It is a good ending to be able to guard a cat to survive.

  This incident also put an end to the "Three Kingdoms Farm War" that broke out on the first day of the Lunar New Year. The domestic net won a big victory, the penguin fell slightly, and Thousand Oaks was completely destroyed.

  With the prestige of a big victory, the number of users of the three games has been increasing, and even the number of users on the overseas network has also ushered in a wave of small growth peaks, officially exceeding 100 million registered users!

  A new Internet platform with hundreds of millions of users was born!

  This news swept the entire network, making countless Internet giants wary and a little envious.

  You must know that the predecessor of Hainei.com, the school intranet, has been online for less than two years.

  To complete the leap from zero to one hundred million in such a short period of time, it can be called a miracle, a classic textbook-style business case.

  This incident once again confirmed Xia Jingxing’s name as the "King of East and West Social Society". Almost everyone attributed the success to Xia Jingxing's correct leadership and model innovation.

  The social game he invented unlocked the growth code of social platforms, defeated Qianxiang’s paid promotion for free, and even exported from China to the United States and Europe.

   Facebook officially launched the three major games of Farm, Ranch, and Orchard in February. Once launched, it became popular in European and American countries, quickly gaining tens of millions of registered users.

  Before this, there has never been a Chinese game that has been so successful in overseas.

Although    is only three small web games, it has also made a name for Chinese games.

  After the news that the three national games were popular in Europe and the United States returned to China, the Internet immediately detonated. Countless netizens felt proud and a strong sense of national pride arose.

  This is a purely domestic game developed by the Chinese. It does not contain any foreign additives. It is absolutely original. Shouldn't it be praised?

  In this era, there are not many products that lead the world or lead the world in China.

  Renaissance mobile phone counts once, and three social games counts for the second time.

  The domestic media has numerous reports that foreigners are going crazy when they hear it. Netizens who have not played social games can not help but register for an account. After playing, they are out of control.

  Multiple good news superimposed together, making Hainei.com completed a major breakthrough of 100 million users, and completely confirmed the name of "China's No. 1 SNS Platform", no more controversy.

  ……

  ……

   "Mr. Xia, I want to discuss with you, can Jingxi Mall allow Capital Today to follow suit?"

In the office on the 36th floor of the China Merchants Building, Xu Xin looked at Xia Jingxing with a smile, "I know this request is a bit abrupt, but I can promise that if Vision Capital sees what projects capital has invested in today, I will do my best. Go all out to help match up."

  Xia Jingxing looked at this uninvited guest with a dangerous heart, and was almost out of Jingxi's top spot by Capital Today.

   "Sister Xu, you are very optimistic about Jingxi?"

  Xu Xin asked rhetorically with a smile, “It wasn’t certain before, but Vision Capital invested in it. It’s definitely a good project. There’s no doubt about it.”

  Hearing this, Xia Jingxing smiled. At first it felt a little absurd, but Xu Xin actually regarded them as anchors.

  But after thinking about it carefully, it feels normal again. This is a manifestation of the increasing reputation of Envision Capital and the prestige of the industry.

  "How did you know Jingxi Mall?"

  Xu Xin explained that it was introduced by the personal FA Yue Yong who introduced the last investor to Jingxi.

  Xia Jingxing suddenly remembered that the capital of today’s capital invested in Jingxi in the previous life was introduced by Yue Yong, and it was not the capital of today that Brother Xi directly sought.

  After the successful financing, the savvy FA from Goldman Sachs did not ask Xige to pay the 6 million yuan financing intermediary fee, but the Jingxi stock.

  If you wait until Jingxi goes public before selling the stock and exit, it is conservatively estimated that you have made 2 billion. This is a typical empty-glove white wolf and resource integration.

  However, Yue Yong is destined to not make this money in this life.

   "Liu Weakxi what's your opinion?"

  Xia Jingxing did not rush to answer Xu Xinxing or not, but asked about the attitude of the founder.

  This is very important. If Liu Weixi agrees, he will not come out to be a villain. Anyway, his share will not be less.

   "He refused at first, but after knowing that I knew you, he asked me to ask you." Xu Xin did not conceal anything, and explained everything honestly.

  Xia Jingxing thought for a moment and knew that Xi Ge kicked the ball to himself. According to his understanding of Brother Xi, the other party is definitely not willing to dilute the shares in a short period of time.

   "Our due diligence on Jingxi is over, 10 million U.S. dollars, a lot of one cent, all allocated in place."

  Xu Xin nodded, "I know, how about selling us the US$2 million convertible bond?"

"Why bother!"

  Xia Jingxing shook his head, “Wait for the B round of financing, I recommend Capital Today to join, isn’t it the same?”

  Xu Xinxindao, how can it be the same? One is convertible bonds that can definitely be converted into equity, and the other is uncertain B round investment rights.

  However, Xia Jing's jargon is all about this, and if she entangles, she knows Yi Xia Jingxing's temper, and she must turn her face, because the two of them had been unhappy because of the affairs of the village.

   "Well, Mr. Xia, you must recommend us for the B round of financing. I owe you a favor."

  Xia Jingxing smiled and nodded, sending Xu Xin away.

  As soon as he sat back in the office chair, the landline on the table rang.

   "Mr. Xia, there is a gentleman named Bao who wants to see you. He said he has made an appointment with you."

  Xia Jingxing said to the front desk: "You take him in!"

  After a while, the front desk led a man in a straight black suit with a big bald head and walked in.

  The bald man is in his thirties. He is not tall, estimated to be only a meter and a half, about the same as Sun Zhengyi. However, the pair of glasses under the silver-framed glasses is piercing, and he looks like a shrewd master.

  As soon as he walked into the room, he handed to Xia Jingxing with a smile, "Mr. Xia, excuse me, I am Huaxing’s Bao Bufan."

  Xia Jingxing shook hands with Bao Bufan, feeling that the opponent's hand was not weak, as expected to practice boxing frequently.

  Although it was the first time I met Bao Bufan, he had heard of this person. He was well-known in the FA circle in his previous life. Huaxing Capital was even more famous than Hanergy Investment in the same industry.

  Wu Bahe Ganji, Meituan and Dianping, Kuaidi and Didi, are all merged by this one, a top middleman who wanders between entrepreneurs and venture capital institutions.

  Huaxing Capital has only been established for three years at this time, and its reputation is not as good as Chen Hong’s Hanergy investment.

  However, Li Ying helped pass the word, so Xia Jingxing decided to meet this well-connected middleman to see what business the other party wanted to discuss with him.

   After a few words of greeting, Xia Jingxing greeted Bao Bufan to sit down on the sofa and chatted over tea.

   "President Xia, knowing that you are busy with official duties, I'll just say it!

  I am here to be entrusted by others, and I intend to ask you if there is any intention to sell Ari’s equity. There is no limit to how many, my clients are willing to pay a high price. "

   After finishing speaking, Bao Bufan took a sip from the teacup on the table, raised his head and pretended to glance at Xia Jingxing inadvertently. The latter looked calm, as if he was not surprised at all.

   "Can I ask who your client is?"

   Bao Bufan smiled, "Sorry, it's not convenient for the time being. This is our rule, but if Mr. Xia is interested, I can bring the two parties together and sit down and talk."

  Xia Jingxing smiled faintly, “It’s okay, I was abrupt! But I have to say sorry, Ari’s equity is not for sale.”

Bao Bufan nodded, "I know that Ari is now the number one e-commerce platform in China with great potential. No investors are willing to let go of this kind of golden doll."

  Xia Jingxing smiled and did not speak, thinking silently in her heart, who was making his idea.

  Ari’s 23% equity was won after a lot of effort, so how could it be easy to let go.

  "However, Mr. Xia, with all due respect, your business is spreading a lot, and companies such as Hainei.com, Tesla, Android, and Fuxing Industry still need to invest a lot of money in construction.

  Properly selling a certain percentage of Ari’s equity will not have a great impact on your future earnings. After all, Ari is a mature company with a market value of 10 billion U.S. dollars, and there is limited room for growth.

  On the contrary, investing these precious funds in startups will increase the valuation thousands of times and help you reap greater returns. "

  Xia Jingxing keenly heard a key word and asked: "Your client is willing to value Ahri at 10 billion US dollars?"

   "Yes, they are very sincere! The specific figures can be negotiated."

  Bao Bufan said with a smile, “As far as I know, Mr. Xia invested nearly 700 million U.S. dollars in Ari a year and a half ago, when Ari was valued at just over 3 billion U.S. dollars.

  Now this investment has increased by 3 times, and the absolute value of the return is extremely impressive.

  Slightly sold a part of Ari’s equity and returned hundreds of millions of dollars. Not only did he get back all the investment costs, but it also helped other companies under Mr. Xia develop rapidly. This is definitely a two-eyed one. "

  Xia Jingxing smiled, "Since you have investigated me, you should know the scale of the asset management of Envision Capital."

Bao Bufan nodded solemnly, "I know that the scale has exceeded 10 billion U.S. dollars, and it is also the top large asset management company on Wall Street. In China, it is undoubtedly the first private capital. Management company.

  Ke, President Xia, after all, the funds of Vision Capital are raised funds. If you really use it to invest in other industries under yours, it will inevitably attract doubts and criticisms from LPs. "

   "Haha, you are wrong. Envision Capital holds equity in all of my industries, including Facebook, YouTube, Tesla, Android, Fuxing Industry, and Hainet.

  These are all high-quality assets that LPs can't ask for. How can they question and criticize?

  Last year, Envision Capital raised a US$3 billion S fund, which has eaten up a large amount of corporate equity transferred by other Envision Capital funds. "

  Bao Bufan pondered for a moment, and said: "Since this is the case, then I won't say more, Mr. Xia, you have a deeper knowledge in the financial field than me."

  Xia Jingxing waved his hand, "It's too modest, everyone is just communicating with each other."

  Bao Bufan knows how to look at the faces of people. Seeing Xia Jingxing's firm attitude, he did not intend to sell the shares of Ari, stayed for a while, and after a familiar face, he hurriedly left.

  Xia Jingxing didn't take it seriously.

  As the leading position of Ari's e-commerce market becomes more and more stable, people of insight can see Ari's potential. Comparing with Amazon and Yibei in the United States, you can calculate the future market value of Ari.

  Suddenly there was a Bao Bufan coming to pimp, Xia Jingxing felt that it couldn’t be more normal, and didn’t think much about anything else.

  (End of this chapter)