Douglas Collinger, who heard the noise, looked up and when he saw someone coming out of Chen Chu's office, his eyes shrank. Although the main markets of KPCB venture capital are concentrated in North America and Asia, he has heard of famous European figures.

Seeing Arnold Lagardale who suddenly appeared in Yanjing, Douglas suddenly felt that something big might happen.

Arnold Lagardale and Douglas met with their eyes. Although they didn't know Douglas, those who could appear here in Chen Chu were obviously close to Chen Chu. He nodded to Douglas, and Arnold Lagardale left directly.

It was not until Arnold Lagardale left that Douglas walked into Chen Chu's office. As soon as he entered, he saw the bottle of Lagardale red wine placed on his desk.

"Chen, this President Arnold is very concerned about Chuke's technology!" Douglas said to Chen Chu. Although Lagardale red wine is not famous, being able to deliver homemade wine is enough to show the Lagardale family's attitude towards Chen Chu.

He glanced at Douglas and had been dealing with this old fox for so many years. Chen Chu didn't have to think about it. He didn't know what he was planning.

"Arnold Lagardele came to Yanjing, but just talked about some cooperation matters!" Chen Chu said casually, then looked at Douglas for inquiring, wondering why he suddenly came over today.

After laughing, Douglas didn't ask much, but said to Chen Chu, "Chen, I think you should pay more attention to Meituan, it is also your industry!"

Although he was talking in a complaining tone, Douglas could not hide his joy. Meituan was developing amazingly fast. In less than half a year, it has now captured land in the entire first- and second-tier cities in China, bringing group buying and takeaway business to more than 80 cities.

At the end of last month, Meituan's monthly revenue exceeded 40 million, shocking the entire Internet industry. The development speed of group buying business exceeded everyone's expectations. Before Meituan, there was never any Internet or technology company that had such an amazing development speed. Even the SG game, which was like a money printing machine, was far inferior to Meituan's performance today as a money printing machine, was far inferior to Meituan's performance at the beginning.

Some institutions predict that in the second half of the year, Meituan De's monthly revenue may exceed 100 million yuan, and it is officially the ranks of Internet unicorns. Meituan's valuation continues to increase, from the original external estimate that it may become a giant of 10 billion US dollars. To the current 10 billion US dollars may be just the starting price of Meituan De. The scale of the entire group buying market is even larger than what the outside world imagines!

Meituan's valuation continues to increase, and the ones that benefited the most were Chuke Technology, are KPCB and Sequoia Investment, which are two Meituan venture capital companies.

Now in the group buying industry, Meituan, supported by KPCB venture capital and Sequoia Investment, is rich and crazy and spends money to grab the market. Now it is the first in the entire group buying industry. Companies such as Lashou.com and Wowotuan are now unable to catch up with Meituan's development speed.

However, Meituan is not without hidden dangers, that is, its profits are too poor. Although the market and revenue are increasing, its profits have not increased much. Instead, it is constantly losing money. The takeaway business, which is not highly valued, is now constantly bringing abundant cash flow to Meituan.

Although I believe that Meituan will definitely make a profit in the future, the current burning of money has made KPCB venture capital a little worried, so Douglas said this today. He felt that Chen Chu seemed to be a little uneasy about Meituan. If Chu Ke technology fully supports Meituan, then Meituan is probably going to be a little stronger now.

"Chuke Technology's support for Meituan has never stopped, and the resources it invests there are far more than other industries!"

Chen Chu said to Douglas that most of Meituan’s traffic and users are now acquired through Chuke Technology’s industry, which can surpass Lashou.com, Wowotun and other industries, and are also closely related to Chuke Technology. After all, other group buying websites are not as good as Meituan, which is constantly attracting traffic to Renren.com and SG game platforms.

"I reminded KPCB at the beginning that the group buying industry may be a long-term industry, and it may be difficult to make a profit in a short period of time!" Chen Chu said, but this was what Chen Chu reminded Douglas and the others in advance, and they voluntarily jumped into the pit.

When Douglas heard Chen Chu's words, he twitched. Meituan was not really Chen Chu begging them to invest, but KPCB. Sequoia invested in investment and used money to invest in Meituan. Not only Meituan, but other industries under Chuke Technology are the same.

Taking a deep breath, Douglas muttered to Chen Chu, "Chen, you should also support Meituan. When Meituan goes public in the future, you cannot set blocking conditions!"

"certainly!"

Chen Chu looked at Douglas and then responded directly, without any drag. But for some reason, when Douglas Collinger saw the subtle expression on Chen Chu's face, he always felt something was wrong, but he couldn't think of it.

Chen Chu could feel that the old fox Douglas Collinger was optimistic about the group buying industry and now he began to mention the listing. He obviously believed that the competition would not last too long, and he could go public as long as he decided to decide the outcome.

Shaking his head, Chen Chu didn't know what expressions would be like when he started to burn money when he started to burn.

The competition with Lashou.com and Wowotuan is just the first wave. There are second wave of group buying companies such as Dianping, and then there is a takeaway war. No one can tell how much it will cost in the end!

"Director Douglas, I'm here specifically today, probably not only to talk about Meituan's affairs!" Chen Chu said to Douglas. This old fox has no trouble and has a keen sense of smell. If you rush to the fishy smell, you will come here with a scent of the wind and movement.

With a smile, Douglas Collinger did not deny it, "It's true that it's Chen, you know me!"

"There are indeed some trivial matters when I come here today, but this time I am definitely coming to help Chuke Technology solve the trouble!" Douglas said righteously, looking close to Chuke Technology, and he didn't know who was thinking about the equity of Chuke Technology's industries all day long.

"I heard that Chuke Technology has had some misunderstandings with LVMH Group?" Douglas said with a smile. In the past few days, major media have been rumored, and KPCB venture capital has naturally heard of this matter.

Other industries are watching the excitement, but KPCB venture capital saw an opportunity. Douglas understood Chen Chu's personality. Although Chuke's technology is not as domineering as Microsoft, and all industries must be involved. But as long as you pay attention to the style of Chuke's technology in recent years, as long as you enter the industry, it will definitely be upside down and you will never give up.

I don’t see what methods Microsoft used to kill Netscape in the browser industry. Although Chuke technology has not yet reached that level, it is also the kind of person who is easily willing to be kicked out of an industry, whether in the technology industry or the luxury industry.

"I heard that the investment bank under the North American Trust Fund is mobilizing funds now!" Douglas said with a smile. After saying that, he saw Chen Chu looking at him, and suddenly changed a little.

Although Chuke Technology never recognizes its relationship with North American Trust Funds, the entire Silicon Valley and Wall Street are aware of the relationship between the two sides. North American Trust Funds are Chuke Technology's vest overseas.

Although there seems to be no movement on Chuke Technology, North American Trust and Investment Banks have begun to quietly raise funds. Although North American Trust and Investment Banks have just been established this year and are still a novice on Wall Street, this does not mean that North American Trust and Investment Banks should take their time to develop slowly like a newcomer and barely survive on Wall Street.

On the contrary, North American trust investment banks, which have just been established less than half a year ago, have now become one of the most eye-catching investment banks on Wall Street. Because the return rate is too high, in less than half a year, North American trust investment banks that rely on Chuke Technology and mainly do the Chuke technology industry have a return rate of more than 70%.

Acquisition of Tube, large-scale financing from Autohome and Meituan, Daewoo Games listing, Tianya and Maopu are about to go public, and North American Trust and Investment Banks have participated, not to mention that Facebook, Twitter, Renren Music and other listings are listed. The resources in the hands of North American Trust and Investment Banks are simply scary.

So much so that the sermon about Smith Jr. has been circulating again on Wall Street. Even if you put a dog in the position of president of a North American trust and investment bank, you probably won’t be worse than Smith Jr.

Although he was teasing Smith, there were almost countless investment bank managers he envied, and who would make money if he didn't want to lie down. The continuous high returns made countless investors actively invest their money in the investment funds of North American trust investment banks.

In just less than half a year, the amount of investment managed by the entire North American trust and investment banks has exceeded 4.9 billion US dollars, and is still growing on a large scale. If such growth momentum continues, it is expected that the scale of North American trust and investment banks may reach 10 billion US dollars by the end of the year. Compared with Goldman Sachs, Morgan, Merrill Lynch Investment Bank, North American trust and investment banks are naturally far inferior, but they are also among the second-rate investment banks. The key is that the development speed of North American trust and investment banks is really too fast.

No matter how North American trust and investment banks make jokes with Smith Jr., it is impossible to deny that North American trust and investment banks are becoming a rising investment banking upstart on Wall Street and Silicon Valley. The outside world is naturally paying more attention to North American trust and investment banks. KPCB venture capital is staring at Smith Jr. This time, North American trust and investment banks suddenly mobilized funds on a large scale. In addition to the more than 1.3 billion US dollars that can be used directly, they are also raising a US dollar from Citigroup, UBS, **** and State Bank of New York.

Such a large-scale move is naturally impossible to complete quietly. Although this news has not spread on Wall Street, many people have heard the news. There are naturally speculations about North American trust and investment banks suddenly mobilizing such a large amount of funds. There are constant rumors about North American trust and investment banks and Chuke Technology. After all, such a large amount of funds is enough to complete a big move.
Chapter completed!