Wei Cheng thought for a moment and said, "Mr. Huang, let's do this! CITIC Industrial Fund has raised the valuation of Huimin Travel to US$4.5 billion.

In addition, we have a small request. This round of financing will be led by CITIC Industrial Fund."

Zhang Quan secretly called Wei Cheng "idiot", didn't we agree to lower the price together? Why did you suddenly increase the price and lead the investment? Did you take the wrong medicine?

But Zhang Quan didn't know that Wei Cheng had a flash of inspiration and felt that he had made a major discovery. He was fighting to increase the valuation and win more Huimin Travel shares.

Huang Xiaofeng also relaxed his tone a little and lowered the valuation by US$500 million, but still insisted on a price of US$5.5 billion.

Wei Cheng's change of tone was very strange, and Lan Lan guessed that something about what Huang Xiaofeng said must have touched him.

To add US$500 million in one go and to have the right to lead the investment shows that we are very optimistic and want to get it.

Lan Lan decided to give him a good assist. She expressed her position: "Mr. Huang, Ruixiang can give the highest price of US$5 billion, but we must lead the investment."

Then Lan Lan pretended to be a little angry and looked at Wei Cheng, and said: "Mr. Wei, you are a little unreasonable. Didn't you agree that Yu Rui will lead the investment?"

Wei Cheng laughed dryly and said, "Mr. Lan, you Ruixiang family has a great cause, so don't worry about one or two projects like this!"

This time you let CITIC Industrial Fund lead the investment, and we owe you a favor."

"Okay, since Mr. Wei said so, I will also sell you a favor.

How about this, we each get half the share."

Speaking of this, Lan Lan looked at Huang Xiaofeng again and said, "But the final decision lies with Mr. Huang. He has the final say."

“I still say what I said, with a valuation of US$5.5 billion, this round of financing only raised US$500 million.

Shared bicycles are almost saturated. If we don’t launch special bikes in the future, this will almost be the last round of financing for Huimin Travel.”

If Lan Lan and Wei Cheng share the financing equally, other investors will be restless.

Penguin's Ren Yu was the first to jump out and said: "Penguin must participate, and we will also offer a valuation of US$5 billion."

Seeing that everyone was taking action, Temasek and PBC also raised their prices, saying that they could not be excluded.

Seeing that everyone was raising their prices, Wei Cheng gritted his teeth and raised the valuation from 4.5 billion to 5 billion US dollars in order to seize the financing share.

He believes that the valuation increase of just US$500 million is nothing. Based on a 5% shareholding ratio, it is only US$25 million.

As long as Huimin Travel grows into the second largest travel platform after Didi, sooner or later the money will be earned back with interest.

Huang Xiaofeng is still a little dissatisfied and has been holding on to the US$5.5 billion.

Other investors, including Lan Lan, were unwilling to increase the price. After some hard talking, Huang Xiaofeng pretended to be reluctant and agreed.

After the valuation was settled, everyone started talking about shares again.

The financing share of only US$500 million, calculated based on US$5.5 billion after investment, is less than 10%, which is not enough.

Wei Cheng requested that CITIC Industrial Fund must lead the investment, and Lan Lan also said that it should not be less than CITIC Industrial Fund, and should hold at least 5% of the shares.

Penguin wants to increase its stake to more than 10%, and Temasek, which is rich and not short of money, has also stated that it will spend hundreds of millions of dollars to invest.

Futukang's presence is relatively low, and it would be satisfied with only 1%.

When everyone adds up, the US$500 million financing amount is simply not enough.

They also put pressure on Huang Xiaofeng to increase the financing amount.

In the end, Huang Xiaofeng called Zhang Yida again and finally set the financing amount at US$1 billion.

Ruixiang and CITIC Industrial Fund each led the investment with US$300 million, followed by Penguin with US$240 million, Temasek with US$100 million, and Futukang with US$60 million.

After completing Series C financing of US$1 billion, Huimin Travel’s post-investment valuation will reach US$6 billion.

Not counting the US$1 billion in debt financing, the total equity financing alone totaled US$1.98 billion.

A typical unicorn that uses capital as a ripening agent to ripen.

In addition, Zhang Yida’s equity will drop again, to 29.78%;

Penguin replaced Blackshirt Capital and became the second largest shareholder holding 10.4% of the shares.

In addition, Huimin Travel will reach a strategic cooperation with Futukang and place orders for a new generation of Qingqi bicycles, which cost 500 yuan, to Futukang.

The quantity is 3 million vehicles, and the total order amount reaches 1.5 billion yuan.

Boss Guo still knows how to do business, and he probably made back the US$60 million he invested in the company.

However, orders are not so easy to receive. As a concession, Futukang also provided a one-year interest-free loan of 1.5 billion yuan.

In other words, the production payment can be deferred for one year.

In addition, Futukang has to provide free shipping and deliver the produced bicycles to all parts of the country to help people travel.

If you do this, will Futukang still make a profit?
Chapter completed!