Chapter 757: Series C Financing III
Bill Ackerman actually started working as a financial manager. Yang Cheng was really amused and crying. Before saying this, he had to consider the existence of the 7th floor of four-dimensional space? It was obviously setting up a stall in front of someone else's doorstep. It was too unauthentic.
Fortunately, Bill also realized that his actions were a bit too much and explained to Yang Cheng, "jason, I have a hard time recently, you have to forgive me."
Yang Cheng shrugged, Heng couldn't fight him for this matter, "Don't worry, I'm not angry, but I also have a fund, so I won't invest money in you."
Hearing Yang Cheng's words, Bill Ackerman breathed a sigh of relief, "I understand~"
However, many people are still attracted to the monthly return. Of course, it is mainly for people who have money but don’t have projects, such as David Ellison.
Then he approached Bill Ackerman and said a few words in his ear. The two of them then got up and found an empty seat to sit down and talk in detail.
Yang Cheng shook his head and ignored him. Even though he felt that the fund was not reliable, David Ellison's money was his own. Even if he lost all the money, he would support him. Yang Cheng was not his. He couldn't control so much. At present, financing matters are still important.
He was interrupted just now, and Amanda hadn't come to speak. At this moment, he saw Yang Cheng's gaze coming, curled the corners of his mouth and smiled, "Don't find out my ideas. I know that you don't want the Hurst Group to get too many shares because of some people. It just so happens that we are short of funds recently, so I will not follow up on the investment."
Unexpectedly, this woman was so direct. It seemed that she and Hurst Group were in big trouble recently, Yang Cheng thought of this.
But he said, "Have you thought it through? You should know that if your current shareholding ratio is diluted, it will be difficult to maintain your position as a director."
The board seat of New Era Group is not ready to continue to expand, so shareholders are required to make outstanding contributions to the group before they are elected to the board of directors. For example, Bill Ackerman, in addition to having the advantage of the shareholding ratio, he also contributed to the case of New Era Media's acquisition of Times and the New York Times, and his board seat is very stable.
But Amanda joined the board of directors purely because she had a lot of shares earlier, but as her shareholding was diluted and she did not hold any position in the company, the board of directors basically had no chance of her.
Amanda's face was not turbulent, "I know, don't worry, I don't blame you."
That's what he said, but there was no one else's resentment in his tone. Anyway, Yang Cheng sucked his teeth when he heard this.
After talking to Bill Ackerman there, David Ellison, who came back with a full face, happened to hear the conversation between Yang Cheng and Amanda, and replied casually, "I just feel that the share is small. Amanda has no money, so I can invest more."
Yang Cheng glared at him angrily, knowing that you have money, there is no need to be so arrogant.
The representative of MG Stanley has never had any roles before, and I don’t know if it is for his own interests. Now he jumped out and reminded, “Mr. Yang, I think it’s better to get the financing matters to be discussed at the meeting.”
David Ellison pursed his lips in dissatisfaction, his contemptuous little eyes seemed to say, "Where did the grandson dare to care about grandpa's affairs~"
Yang Cheng was not dissatisfied and said with a smile, "You are right. We just happened to have a meal first. After the meal, we arranged a room for you so we could take a nap and gather in the big conference room at 1:00 in the afternoon to discuss financing."
As he spoke, the waiter began to serve the dishes, and everyone tacitly avoided the topic and started chatting.
The big guys' gossip is not weak at all. At the dinner table, I don't know who said Comrade Guanhai's gossip. Now the switch is turned on. You should know that complaining about the general and complaining is correct in the United States. Everyone is used to it. It seems that they chose this general and are scolded for being scolded. Scolding is good for physical and mental health. So far, there is no one who has not been scolded.
Lunch ended in such a peaceful and open atmosphere. The big guys also accompanied him and sent him to his hotel suite to rest. Yang Cheng returned to the office and needed to rest. In the morning, he was a verbal fighter. He was very tired and his health was fine, mainly due to mental fatigue.
The windows of the lounge are turned into light-proof mode, and the intelligent system instantly uses light and glass to block the light, creating a comfortable sleeping environment for Yang Cheng.
After a dedicated hour of sleep, he tossed and turned for several hours. After a nap, the energetic Yang Cheng appeared in the conference room again. Like him, the bosses and the attendees received good sleep replenishment and ushered in the most important part of the conference in the best condition.
The introducer is still Eddie. Standing in front of the big screen, he was full of energy and signaled his assistant to issue a bound financing plan. After confirming one, he began to explain, "Dear shareholders and dear investors, good afternoon. Regarding the C round of New Era Group, I believe everyone has been looking forward to it for a long time, and I am even more so. In order for all parties to get a satisfactory return, my colleagues and I studied it for a long time before we made this plan."
After a pause, I gave everyone time to watch the first page, and then continued, "We currently value the group at US$1 billion, and we expect to raise US$5.5 billion, which means that after financing, the valuation is US$6.5 billion.
Regarding the use of funds, I have made detailed explanations in the plan. In addition to the construction of cloud computing centers emphasized by boss, the next main market of Toutiao app will be moved to Z Country. Although the Chinese version of Toutiao has been online for a long time, it has always been a free-range state before the group has devoted resources to it. Faced with a large market of more than one billion, it is far from enough to have only 10 million users. Therefore, our company unanimously believes that the Z Country market must be conquered leisurely to lay an invincible foundation for this."
While Eddie was introducing, shareholders and investors gathered together in groups of three or two and whispered. For a moment, in the big conference room, in addition to Eddie's alone, there were countless low-frequency sounds buzzing like bees flying by.
Yang Cheng had to stand up and pat the table, "Eddie, after Eddie's statement, we will leave time for everyone to discuss. If there is any problem, we can also raise it at that time. Now, please listen to Eddie's statement."
The reason why shareholders are so excited is due to the valuation given by New Era Media itself. From the perspective of investors, this valuation is naturally lower, the better. It is their concern to pay the least amount of money to exchange for as many shares as possible. As for whether the benefits of New Era Group will be lost for this, they really don’t care. This is not the time to talk about loyalty.
Eddie looked at Yang Cheng gratefully, cleared his throat, and waited for everyone to quietly turn their attention to it, and then said, "The two major markets of China and the United States, no matter which one they occupy, can become a brand new giant company in the world. This is undoubtedly, but news push software is not an unimplemented technology after all.
Personalized push has been slowly being learned and applied by major companies. Although the experience is far from enough, the gap in pure technical angles has narrowed infinitely. Now the advantage of Toutiao app is only the first mover. If you can't speed up the territorial territories, you may have to hold it at your doorstep in the end and watch others make a profit and take it. This is something we absolutely do not allow. Since you have already taken the lead, you must keep the lead until the end."
Speaking of this, Jackma raised his hand again and interrupted Eddie's speech. This was not the first time. Yang Cheng couldn't help but frown. Jackma was a little strange today. This was not like the way he used to look like a grandmaster who returned to nature and saw through everything in the world.
"Eddie, I'm very sorry to interrupt you again, but I think no one here has a more say in the Z market than I do. Previously, the Internet giants in the United States tried to enter the Z market, but without exception, they all ended in failure, including Google, Facebook, etc. Why do Toutiao think it can succeed?"
Undoubtedly, the question raised by Jackma is extremely realistic, which once again triggered heated discussions among shareholders, some agree with it, and some are puzzled. However, New Era Media's own employees were worried about Eddie. If this question is not answered well, it is likely to affect the final financing results.
However, Eddie was prepared for this. In fact, after deciding this strategy, he also had the same doubts as Jack Ma. In the end, Yang Cheng gave the correct answer. What? Follow the local customs!
He didn't mind copying the boss's remarks, which was not considered plagiarism. "Accompanies the customs in the country! This is an idiom in Country Z, which means that when you go to a place, you must learn to adapt to the local culture. You cannot be arrogant and stick to the freedom you do to provoke local cultural customs.
Why did Facebook and Google try their best to enter Country Z but always fail? The reason is very simple, because they do not obey supervision and evade taxes! These two are matters of principle and cannot lose the big ones because of small things. We believe that as long as we abide by the rules, no matter how much we pay, the huge market in Country Z will give us satisfactory returns."
Undoubtedly, this answer made Jackma very satisfied and nodded repeatedly to praise, but at the same time, someone had a new problem. Bill Ackerman put down his sapphire pen and asked with a smile on his lips, "Then, the problem of the Z country market has been solved, but the United States, don't you think the US ZF will watch the headlines to pay taxes on Z country ZF, right?"
The relaxed atmosphere just now suddenly stopped and became frozen again.
Eddie secretly wiped his cold sweat, but the boss was prescient, "We should give the national ZF a lot of taxes."
Of course he was in a loss of heart when he said this, but as long as the evidence of their tax avoidance was not grasped for a day, Eddie would have the confidence to shout this slogan. Isn’t it just pretending to be righteous? Who can’t?
Chapter completed!