Li Rui thought about several famous suckers in NBA history. Ballmer is still working hard at Microsoft. Boss Cai is also trying his best to assist Jack Ma. He will definitely not participate in the price raising. The rich people in the Magnesium Country are not fools. Even if they want to acquire the team, wouldn’t they buy the Knicks and the Lakers with that much money?

Or to acquire a team with better record, why should you buy a team that has neither Hao Ming nor McGrady at a premium, and it is very likely that it will not be able to enter the playoffs?

Li Rui admitted that Allison is very rich, but if he really wants to acquire the NBA team sincerely, why didn’t he buy the Warriors for 450 million last year? You should know that the Warriors’ home court is called Oracle Center!

To be honest, if it weren't for the Xiaguo complex, Li Rui wouldn't be too lazy to take a look at the Rockets more.

He snorted coldly: "Some people can't give him too much face!"

Li Rui informed Hao Ming to suspend contact with the Rockets and withdraw the offer, just assuming that this has never happened.

Hao Ming was startled: "Then aren't we going there for nothing?"

Li Rui said: "How can you come in vain? Come and see your friends to relax. Isn't it good for me to talk about the business? We must not be in a hurry. As long as we are not in a hurry, someone will be in a hurry!"

Hao Ming suddenly realized and smiled and said, "I understand, then I will see my friend in Houston with peace of mind."

Putting the Rockets affairs aside, Li Rui went to visit snapchat.

Compared with the two older brothers, whatsapp and ins, snapchat is just a little brother, but the development speed of this little brother exceeded everyone's expectations.

Due to Li Rui's intervention, snapchat went online several months earlier than his previous life. It didn't make much noise when it was first released, but it quickly became popular among teenagers by word of mouth. By August, the number of users had exceeded one million, and 70% of the users were teenagers under the age of 18.

When the users had just exceeded one million, snapchat encountered its first crisis. Because a teenager used snapchat's reading feature to send stingy pictures, he was investigated by the police. Poor CEO Evan Spiegel was also taken to the police station for inquiry. Fortunately, it did not affect the company's operations in the future, but only restricted it on some regulatory conditions.

In the past two months since then, snapchat's development has maintained a very high speed. The number of users has exceeded 1.5 million, and an average of 20 snapshots are sent through snapchat every second.

With the current number of users, snapchat can easily obtain financing of tens of millions of magnesium, while Li Rui only paid 500,000 magnesium at that time and obtained 51% of the shares.

After meeting Spiegel and Murphy, Li Rui realized that they were very young.

Both were born in 1990s, and they were just over 20 years old, full of vitality.

After briefly talking about the current situation of snapchat, Li Rui said: "At the current development speed, snapchat will soon face server and marketing problems. What do you think about this?"

Spiegel scratched his head and said, "We have indeed encountered some bottlenecks. The current server increase speed is far from keeping up with the needs of users. Recently, it has encountered two server downtimes, which has caused dissatisfaction among many users."

Murphy also said: "It is not just marketing, but also foreign relations and legal departments, and we must seize the time to establish them."

Li Rui said: "According to the financial statements I just read, even if we do not increase any department and expenses, the remaining funds will only be enough for two months. Since we still need to increase investment, we can continue to introduce more funds. You have two options: one is to continue to invest and get the part of the shares I should have, and the other is to look for external investment together and transfer our equity."

Spiegel immediately said: "The three of us cooperated very happily, and I don't want external funds."

"I think the same way. As long as the valuation is reasonable, I welcome you more than others. That may affect the chemical reaction within the company." Murphy also said.

Li Rui said: "Thank you for your trust. If that's the case, I'll give the current snapchat a valuation... 10 million magnesium, how about it?"

Spiegel and Murphy must have studied snapchat's valuation before, and may have even found a professional evaluation agency to do the evaluation, so when they heard the numbers given by Li Rui, they were not very excited.

Otherwise, two young men who were only twenty years old had just started their business in less than half a year and became billionaires worth millions of magnesium, and would have jumped up excitedly!

Judging from the micro-expressions of the two, they were quite satisfied with the valuation given by Li Rui.

Of course Li Rui won't cheat them. There is no point in reducing the price at this time. In the future, snapchat may develop into a super Internet company with a market value of 50 to 60 billion magnesium. Why bother bargaining for millions of magnesium?

"Rui, you are the most generous person I know." Spiegel suddenly said, "Murphy and I just found a venture capital institution last week and evaluated snapchat. They are optimistic about our development prospects, but the valuation given is only six million."

Murphy also said: "That is already the biggest investor we know, but it is far from your generosity!"

"This shows that our choice is not wrong," Spiegel said.

Li Rui smiled brightly: "Then I wish us a smooth cooperation!"

Less than half a year after its establishment, the valuation of snapchat soared tenfold, from one million magnesium to ten million magnesium. Li Rui added an additional investment of 600 magnesium, plus the previous investment of 500,000 magnesium, and obtained 65% of the equity.

Spiegel holds 25% of the shares and Murphy 10%.

Li Rui also had some ideas about the next development plan. After sharing it with them, the two young people were so excited that they couldn't help themselves.

Leaving snapchat, Li Rui met with a technical team non-stop and told them about their needs.

After the talk, Li Rui gave them 200,000 magnesium yuan in R&D funds, and after the research and development was completed, he would pay another 500,000 magnesium yuan, at the cost of the ownership and copyright of the software belong to Li Rui.

After doing all this, the day is almost over.

There was nothing to do at night, and Li Rui asked the group to find a restaurant run by the Chinese people and had a big meal.

Halfway through the meal, Li Rui received another call from Hao Ming.

"The Rockets sent me an inquiry, whether to participate in the auction, and whether to refuse directly?"

Li Rui said: "You tell Alexander that I gave up on the Rockets and were preparing to buy New Orleans Hornets or Detroit Pistons."

Hao Ming said in surprise: "Aren't you telling it seriously?"
Chapter completed!