Chapter 212: Distant Investment Conference 2(1/2)
“There are many investment institutions that want to participate in the B-round financing, among which Penguin Investment, Alibaba Investment, Zhenge, etc. have all shown great interest”;
"This is why I say not only to follow the investment, but also to increase my holdings."
Yu Chengqing said at this time: "I personally don't have much research on Didi as a company, but I believe in Mr. Wu's vision and Mr. Zhao's judgment";
"If investment institutions in the same industry are really as Mr. Zhao said, I think they can definitely increase their holdings."
In terms of investment, Pei Jingfu compares it to Cheng Qing who knows better;
Once a company is valued by many investment companies, it can explain the company's market position and future potential;
When no one invests in a project, it will most likely be aborted, and there are very few people who can make a comeback from adversity;
But when most people are optimistic about a project, especially when these people are very energetic, then the project will not be bad;
Pei Jingfu’s experience and lessons learned from his many years of investment career.
"Mr. Wu, Mr. Zhao, my opinion is the same as Lao Yu's. However, I still have to research the Didi company because there is not much detailed information before."
“Okay, let’s end this topic”;
"I have another question. I need your help to come up with an idea and weigh the pros and cons."
Wu Yuanfang did not hesitate about whether to increase his holdings in Didi because he already had the answer in his mind. It was just to raise the following question;
But others were a little surprised when Wu Yuanfang asked this question;
They know very well what kind of person their boss is, and they rarely let them make suggestions and weigh the pros and cons;
I remember the last time Wu Yuanfang asked them to work together, they were still discussing whether to invest in Xiaomi;
Is it another company that needs to invest hundreds of millions of dollars like Xiaomi?
Everyone is excited, this is not a small target.
"When Lao Zhao introduced Didi just now, he also mentioned that it was not only our Yuanfang Investment that invested in Didi, but also an individual named Ma Yibo";
"To be precise, our Yuanfang Investment can invest in Didi, which was also introduced by Ma Yibo";
"At that time, Ruotong and I were investing in Xiaomi in the capital, and we happened to meet Ma Yibo, who had just invested in Didi, and finally introduced us to the market";
"It was also at that time that I learned about a company like Didi. It only took half a day to decide to spend 10 million to invest in Didi";
"To be honest, a big reason for this is because the other party invested in Didi, so I followed suit."
Everyone understands that there is such a story before investing in Didi, including Zhao Hui, who did not know it before;
But what kind of person would let their boss invest directly without much investigation?
"Now that the other party is encountering financial difficulties, he wants to pledge 10% of Didi's shares to Yuanfang Investment and obtain a loan of 30 million, with a 7% Nianhua. After three years of expiration, the principal and interest will be paid off in one go."
“If the value of Didi’s shares is less than the loan amount, the other party accepts joint and several liability.”
Only then did Yu Chengqing know the reason why he was called to the meeting. It was obvious that he was here for the pledge of shares;
Of course, this is also his job.
"Mr. Wu, since you have said this, let me say a few words. After all, the matter of share pledge loans is also my responsibility."
Wu Yuanfang looked at Yu Chengqing and nodded to indicate to him to continue.
"First, what is the current valuation of Didi as a company, and what is its potential for later development?"
"Second, the other party said it would bear joint liability. Does the other party have the actual ability to repay?"
"Third, you just said that investing in Didi was introduced by the other party. So, what is your relationship with the other party?"
Yu Chengqing raised three questions to get to the point;
The first question is very simple. He must know the actual value of Didi and its later development;
Otherwise, there is no way to value Didi and no way to pledge;
The second and third points can actually be regarded as a problem;
Regardless of the relationship between the other party and Wu Yuanfang, or whether the other party has the ability to repay, it all shows whether the other party, like Wu Yuanfang, is also a rich second generation or has assets;
Within remote investment itself, there are bridge loans and lending businesses. As long as the collateral meets the conditions, you can get a loan.
"Old Zhao, please tell Lao Yu about Didi's situation."
"Lao Yu, according to the reliable information I have received, Didi's financing this time was organized and initiated by Lenovo's princess, and the valuation of US$100 million should be no problem";
“The financing will probably be in March, just over a month later”;
"It's hard to say what Didi's value is now, because no one has given an actual valuation."
Liu Qingqing, President of Goldman Sachs Asia Pacific, how could they, as people in an investment company, not know that an annual salary of US$4 million can be said to have reached the ceiling in the investment banking field;
How could such a person, as investors, not know this?
But isn’t Liu Qingqing at Goldman Sachs?
Why did you go to raise money for Didi?
If Didi is short of money, Goldman Sachs can completely absorb it, so how could it be given to other institutions?
All doubts are filled in everyone's heart.
After Zhao Hui finished speaking, everyone fell into deep thought;
Wu Yuanfang saw everyone frowning, but also smiled and said: "Don't you feel a little contradictory? Isn't Liu Qingqing at Goldman Sachs?"
"And Goldman Sachs is also an investment bank. If Didi needs funds, Goldman Sachs can definitely invest";
"It is impossible for Liu Qingqing to let other investment banks take a share of the pie, but the reality is that it was Liu Qingqing who took the initiative to invite many investment banks"?
"Do you know why?"
Wu Yuanfang is like an ancient emperor, especially since he knows the reason, he is also somewhat satisfied when he looks at the questioning looks from the people below;
Although distant investment has grown rapidly in recent years;
But the old people in Yuanfang Investment, especially the ones in front of him, were assigned by his father to assist him;
Although he gradually accepted Wu Yuanfang's abilities, in the end no one else respected him that much;
In fact, it was Wu Yuanfang who wanted to completely control Yuanfang Investment and let Yuanfang Investment follow his own will;
At this moment, they all seemed to be waiting for Wu Yuanfang to say something;
Could this kind of scene not satisfy Wu Yuanfang?
"If nothing else happens, Liu Qingqing may join Didi and become Didi's coo."
"What"?
"How can it be"?
"what"?
…
Not to mention other people, even Zhao Hui was shocked;
Liu Qingqing is definitely the goddess in their minds. Not only is she good-looking and well-born, but she also has outstanding abilities. She is recognized as a goddess in their investment community;
Such a goddess walking in the clouds suddenly fell from the sky to earth;
Liu Qingqing started to do business between drivers and passengers. Let alone whether she could adapt to her status, the gap alone was beyond the reach of ordinary people.
"You don't need to question this news, it should be correct";
Seeing everyone's confused eyes, Wu Yuanfang felt so happy in his heart;
Could he not know?
This was what Ma Yibo suggested to Cheng Wei at the time, and he was still around;
Although he thought Ma Yibo was a bit whimsical at the time, who could Liu Qingqing come to such a small business? What kind of international joke was he making?
However, when Wu Yuanfang learned that Didi’s B-round financing was initiated by Liu Qingqing, he was not much better than them.
As for how Cheng Wei poached Liu Qingqing, let alone Wu Yuanfang, even Ma Yibo didn't know;
After all, Liu Qingqing came into contact with Didi more than a year in advance in this life. Ma Yibo really didn't know what means Cheng Wei used.
"Old Yu, as for whether the other party you mentioned has the ability to repay, I personally think it is okay";
"The other party also has its own business. I don't know if you have heard of it. It is a vegetable shop called Aunt Qin's";
"The current market value should be more than 20 million. The most important thing is that Aunt Qin has only been established for about half a year."
"What, Aunt Qin?"
"Mr. Wu, is this the company you told me about last time that you wanted to invest in but was rejected?"
Zhao Hui was a little surprised when he heard about Aunt Qin;
Today, Zhao Hui felt that he was overly surprised. Whatever Wu Yuanfang said was unbelievable to him.
Zhao Hui had not known anything about Aunt Qin before;
But since Wu Yuanfang accidentally told him last time that he wanted to invest in Aunt Qin, but her boss refused, Zhao Hui paid close attention to Aunt Qin;
To be continued...