When Li Mu suddenly said this, not only Jimmy was stunned, but everyone present was stunned.

Jimmy didn't know where he offended Li Mu. This guy was so rude to talk to him as soon as he came up. But he really couldn't afford to offend Li Mu. At present, VCs like Defengjie can be considered awesome in front of entrepreneurs, but in front of great masters like Li Mu, he can't even be considered a nonsense.

The total size of the funds managed by Defengjie is only one billion US dollars, and the money is not all their own. Not to mention that he is Defengjie's Asian president, even if Defengjie's president comes and Li Mu criticizes him, he still dares not say anything.

Robin was surprised by Li Mu's attitude towards Jimmy, but he was happy in his heart. Li Mu at least helped him breathe a sigh of relief.

Jimmy was very strong in front of him, and even repeatedly pointed at Baidu's business development, which made Robin himself very unhappy, but there was no way. He had to give people face if he took Defengjie's money.

Moreover, Baidu has not yet found a suitable profit model, and its entire development route is still in a state of burning money. Whether it is a merger and acquisition of Yiting Technology, or a second round of financing or capital increase, he has to ask Defengjie for it.

In fact, Li Mu was thinking very simple. He talked to Baidu about mergers and acquisitions, which should be a business-level operation. Originally, existence like Defengjie should not appear in today's negotiation venue. He doesn't care how many shares Defengjie owns in Baidu. No matter how much shares you hold, it's your own business. You communicate with Baidu in private, or even scold robin in private, and you can't control it. However, if you insist on inserting it in between two business teams, it's a bit disgusting.

To Li Mu, Jimmy is an uninvited guest, so why should you save face to such a person? You have already given him a face without driving him out.

Moreover, Li Muxie got Jimmy to come over because he wanted to intervene in today's negotiations, so in order to avoid him being too arrogant, give him a warning first.

Afterwards, both parties to the negotiation took their seats. Li Mu glanced at Robin and said, "robin, you can start first."

robin nodded and said, "Mr. Li, we have communicated with your company's team for several rounds before. The intentions of both parties have actually been highly unified. Baidu hopes to acquire Yiting Technology, and you also hope that Yiting Technology will be acquired. However, we have not reached a consensus on the issue of valuation."

Li Mu said: "robin, what is Baidu's current valuation?"

"Our last round of financing was conducted at $65 million. After this period of development, we are confident that Baidu's valuation can currently reach $120 million," said robin.

Li Mu asked him: "Okay, you said it's worth 120 million US dollars. How did this number come about?"

Robin explained: "This valuation is quite reasonable. Our Baidu has a relatively good traffic growth trend recently, and..."

Li Mu interrupted him with a smile and said, "robin, although I don't want to interrupt you, you have some questions. My question is, how did the valuation of $120 million come from? Is it given by an authoritative third-party agency, or are you talking nonsense yourself?"

Robin said awkwardly: "Mr. Li, we are very sure of estimating this amount..."

Li Mu waved his hand: "robin, the data you talk nonsense is meaningless. If you say Baidu is worth 120 million US dollars, then OK, I say Yiting Technology is worth 30 million US dollars. After you acquire Yiting Technology, the total market value is 150 million US dollars. My 30 million should account for 20% of the shares. Then we decided so happily. Baidu acquires 100% of Yiting Technology's shares. All shareholders of Yiting Technology have obtained 20% of the shares after Baidu's merger. Do you agree?"

robin hurriedly said, "Mr. Li, this is too unreasonable..."

Li Mu asked him back: "What's wrong with it? My husband says he is right, and my mother says he is right. You said you are worth 120 million US dollars, and I said I am worth 30 million US dollars. Why do you make sense and I am not right?"

Robin was a little weak by Li Mu's strength and explained: "Mr. Li, Yiting Technology's current UV and PV are more than one order of magnitude worse than Baidu, and Yiting Technology currently has no mature business model. The development potential of search engines is much greater than that of vertical fields..."

Li Mu smiled and said: "robin, the development potential of search engines is great, but don't forget that there is Google behind you. I have reason to worry that in the future, Google will make efforts in the Chinese market and continue to eat Baidu's market share. However, looking at the entire market, there are no competitors that can compete with Yiting.com in the field of online music and music downloads. By that time, it is very likely that users will use Google search engines, but they are still listening to music with Yiting.com. So who has greater development potential?"

Jimmy kept listening to the translation's narrative around her. At this time, she couldn't help but speak in English: "Mr. Li, I think you are confusing the public. What robin wants to talk about is the development prospects of two fields, just like an automobile manufacturing company, like a match manufacturer, no matter how high the match manufacturer accounts for the industry, its development space is much worse than that of an automobile manufacturing company!"

Li Mu looked at him and gave him a friendly smile, but Jimmy felt a coldness from Li Mu's laughter for some reason.

Li Mu smiled, stretched out a finger, and said to Jimmy in English: "First, I've already told you just now, just listen, talk less."

After saying that, he stretched out another finger: "Second, if you talk to me about capital issues, I would still like to listen to you, but if you talk to me about specific business in the Internet field, your views have no value to me that can be adopted;"

Then, Li Mu stretched out another finger: "Third, your metaphor just now is obviously belittling my Yiting Technology. If Baidu is an automobile manufacturing company, then Yiting.com must at least be a tire manufacturing company. Moreover, Baidu's current position in the industry cannot be ranked first in the automotive field. Correspondingly, Baidu is at most French Peugeot or Citroen in automobile manufacturing companies, and Yiting.com is Michelin or Bridgestone in the tire field!"

Speaking of this, Li Mu looked at Jimmy and said seriously: "And you, like a bank that borrowed money to Citroen, went to the business cooperation level between Citroen and Michelin to make a big fuss. Do you have this qualification?"

Jimmy was criticized by Li Mu for a moment and didn't know how to refute her. Li Mu's English speaking was a mess and his speech was also damaged. Jimmy was no match at all.

Robin tried hard to hold his smile. After Li Mu finished speaking, Jimmy lowered his head and showed weakness, he continued: "Mr. Li, if you have any opinions on valuation, we can find a third-party audit company to audit and evaluate our company, and see how the third-party authoritative companies recognize the valuation of our companies."

Li Mu waved his hand: "robin, stop circling me. What audit companies can do is audit the net assets and accounts. Can they see the future development direction of the industry? Can they see the future development potential of each company? If you can't see it, what are they going to audit? We are all Internet companies, what are the net assets? What are your Baidu's net assets besides a bunch of computers, computer rooms and patents?"

Robin is a little overwhelmed, and Li Mu sometimes doesn't play by the rules, and he is too strong, so sometimes he takes a different approach, but instead wants to take the other party in, letting the other party take his path as a great way.

Seeing that Robin was thinking, Li Mu spoke to stop him from thinking deeply about the problem and said, "robin, I insist that Yiting.com replace 15% of Baidu's shares. This is impossible to regress. And as a friend, I can tell you very frankly that Yiting.com is Baidu's claim. The choice I give you now is not a problem of not acquiring Yiting.com, but whether you want to get on Muye Technology's car or my car;"

"If you accept this letter of vote, I can give you a promise that Makino Technology will not consider making a search engine within the next five years, and will also direct you all the search engine-related resources;"

"If you don't accept this letter of fame, then after this conference room, Baidu is the enemy of Muye Technology. I can poach your people, and the people who poach Google come to build a search engine by themselves, or find Google to cooperate with Google to establish a Google Muye joint venture to jointly develop the Chinese market, and I can even invest in other big shots who are as interested in being search engines as you do!"

Robin looked at Li Mu in amazement, exclaimed, and asked, "Mr. Li, didn't you tell me last time that you are not going to be a search engine?"

Li Mu nodded and said without changing his face: "Last time was last time, and I have changed my mind now."

"How can you do this..." Robin looked at Li Mu depressedly, looking like he was deceived.

Li Mu smiled and said, "robin, do you want to say that I am a person without trust?"

Robin nodded immediately and didn't say anything.

Li Mu laughed twice and said, "robin, don't be affected by subjective likes and dislikes, as this will make you look childish and cute."

After saying that, Li Mu said again: "So, if you raise a dog and want to make a move, I want to buy it, but after paying it, I said sorry, I won't buy it anymore, please return the money to me. This is indeed my untrustworthy."

"But!" Speaking of this, Li Mu deliberately paused and looked at Robin and smiled, "For example, you raised a dog, and then one day you asked me if I wanted to raise one, and I said I didn't want to raise it, but after a while you saw me raise a dog, and then came to accuse me of being untrustful. This is not a question of whether I trust or not, but whether you are a simple and overwhelming person! What's wrong with me just want to raise it? I was so happy that I didn't raise one, but I raised ten! The family has this condition! What's wrong?"

All the staff members of Makino Technology couldn't help laughing, and the employees from Baidu were all laughing and felt particularly uncomfortable.

On the other hand, Robin was immediately blushed by Li Mu's words.

He also reflected in his heart that he was too simple and he was still blaming Li Mu for not being trustworthy. It was indeed a bit simple and excessive.
Chapter completed!