Hearing Xu Yiyang's question, Mr. Ma said awkwardly: "Mr. Xu, to be honest, we also need to prepare for the farther future!"
"Tencent can't just rely on mobile QQ business to earn some cash flow, we still have to seek further capital routes!"
"In the final analysis, listing is the ultimate goal. If Mr. Li can become our shareholder, our future capital route will be more secure, and I believe that Mr. Li will definitely be able to bring us great help, as well as a lot of help to us." With unavailable resources, this is the best choice for you, me and everyone!”
Xu Yiyang listened to him for a long time, smiled calmly, and asked him: "Mr. Ma, how did the Li family get rich?"
Mr. Ma said without hesitation: "Real estate."
Xu Yiyang asked again: "Then let me ask you, the Hong Kong property market collapsed three years ago. Have you seen them help their owners?"
"this… "
Seeing Mr. Ma speechless for a while, Xu Yiyang said seriously: "The Li family is a very standard traditional capitalist, just like the landlords in the feudal era. Their profit model lies in squeezing and plundering, rather than exporting and cultivating. He thought When they invest in you, they don’t want to support you in your career, but they want to come in early to take advantage of you before you develop rapidly and make a fortune by borrowing from you. If they really want to support you in your career, they It will appear when you are most in difficulty, rather than waiting until you are profitable.”
Immediately afterwards, Xu Yiyang said again: "If you let him enter the market now, he may not bring any resources that are beneficial to you except money. On the contrary, I am sure that in the future he will cash out and leave when you really need him." .”
"Mr. Ma, remember one thing, capitalists like this don't cultivate dreams, they only harvest them."
Mr. Ma did not expect that Xu Yiyang would be so repulsive to the second young master of the Li family's investment intention.
He originally thought that Xu Yiyang would be as excited about the Li family's favor as he was.
After all, the Li family has huge power in Hong Kong. With the Li family as a shareholder, it will be easy for Tencent to list in Hong Kong in the future.
Xu Yiyang's strong denial made him feel cold.
Mr. Ma knows very well that now, Xu Yiyang is the real controlling shareholder of Tencent. After all, he holds 40% of the shares, and has locked 15% of himself and his team in advance through the mobile QQ business. Judging from the current trend, these 15% % of the shares are already his.
Therefore, once the agreed goals between Xu Yiyang and the team are achieved, Xu Yiyang will hold 55% of Tencent's shares and become Tencent's largest shareholder.
In a previous life, when the South African newspaper industry was at its peak, its holdings in Tencent reached 50%. Later, after it went public, it was reduced to about 33%.
Under this situation, if you want to introduce new capital, you must get Xu Yiyang's nod.
Although Xu Yiyang gave himself enough voting rights, his shares have been diluted a lot. If Xu Yiyang is not willing to dilute his shares to the second son of the Li family, he will have to dilute them from the remaining 45%.
He has no choice but to transfer 20% of the remaining 45%. In that case, he and his team's interests will have been ceded too much before they are listed on the market.
However, he really hopes to attract the Li family to the market and endorse Tencent, so he can only find a way to persuade Xu Yiyang and jointly sell 20% of the shares to the second son of the Li family.
So, he explained very seriously: "Mr. Xu, I know you may have some objections to the Li family's business model, but to be honest, what we want is their money and their resources. As for how they made their fortune, we Don’t worry.”
Xu Yiyang said seriously: "Mr. Ma, if Tencent is really short of money now and you want to raise money from the Li family, I naturally have no objection. However, if there is no shortage of money, you insist on transferring the shares to the Li family. I personally feel that it is not wise enough for the Li family to enter the market."
Seeing Xu Yiyang's firm attitude, Mr. Ma sighed and said: "Mr. Xu, we can have an in-depth discussion with Mr. Li. 10 times PE is just his quotation. I think we can go to 15 times and ask him for 3 billion yuan." The valuation is almost US$360 million, what do you think?"
Xu Yiyang said: "Mr. Ma, my personal opinion is that there is absolutely no need to raise financing at this stage, whether it is the Li family's money or Bill Gates' money, there is no need to raise money."
Saying that, Xu Yiyang added: "They want to add icing on the cake, but we don't need it at all in our current situation. Our performance has just started and has only been running for more than a month. Why are we in a hurry to raise funds? At this time, we should let go." Let’s run for a year and let the capital market see our stamina and our greater value. Then it will be reasonable to raise funds at a valuation of at least US$1 billion.”
"We will raise another round of financing with US$1 billion a year later, continue to achieve one year's performance, and then prepare to go public. After the listing, the market value will be at least US$3 billion. If we give half a year to continue to improve the performance, the market value will definitely rise sharply. Both Hong Kong and the United States can have a market value of at least five to six billion US dollars. If the performance is better, the market value will exceed 10 billion US dollars. Why bother to raise the Li family's money now with a valuation of two to three billion US dollars? ? Is the Li family’s money inlaid with extra gold?”
Mr. Ma sighed: "Mr. Xu, I understand what you said, but... But I really feel that if we can bring the Li family in, the future will be better."
Xu Yiyang said in a serious tone: "Mr. Ma, let's be honest, I don't agree with financing."
Mr. Ma also said with some vindictiveness: "But the final decision lies with us! If we decide to raise funds, Mr. Xu can also choose to participate in the investment if he does not want to dilute the shares."
Xu Yiyang frowned.
It seems that Mr. Ma has an extremely strong desire to bring the Li family into the scene.
If according to what he said, he ended up diluting his shares to the second son of the Li family, then if he did not cooperate in diluting his shares, he would have no choice but to increase his capital.
I am already worried about money. How can I find the capital to increase capital in Tencent with a market value of 20 to 3 billion yuan at this time
Don't say more than 100 million.
Let alone more than 100 million, he couldn't even come up with more than 10 million.
If you can't come up with the money, you will still have to sacrifice your shares.
After all, Mr. Ma has the final say in the company. If he insists on raising this capital, he has no right to veto it.
Mr. Ma's words already had a bit of a threat, and Xu Yiyang could tell that he was determined to get the Li family to come in.
Xu Yiyang felt a little irritable.
On the one hand, I felt betrayed to some extent, and on the other hand, I also lamented Mr. Ma's current short-sightedness.
It seems that those big guys in later generations did grow up bit by bit. On their growth path, they also made many wrong decisions, and there were also times when their vision was blinded.
In his opinion, letting the Li family enter was no different from Wu Sangui introducing Qing troops into the pass.
However, now that Wu Sangui was determined to let the Qing army in, he could only think of other strategies.
So, he asked Mr. Ma: "Is Mr. Li really optimistic about Tencent?"
"Yes." Mr. Ma said hurriedly: "After our first month's revenue came out, the capital circle was very optimistic about us. We can now be said to be the most profitable Internet company in the country, no one."
"Hmm." Xu Yiyang asked again: "What is his target share price? Is it just 20%? Or do you want more?"
Mr. Ma said: "Mr. Li means the more the merrier, the more the better. He said he is sure that we will be listed in Hong Kong by the end of next year, or the year after next. For him, he naturally hopes that the more shares the better."
Xu Yiyang thought for a moment and said to him: "Let's do this, Mr. Ma. After all, it's a very important matter. Give me some time to think about it."
"Okay!" Upon hearing that Xu Yiyang was willing to consider it, Mr. Ma immediately became excited and asked, "How long does it take Mr. Xu?"
Xu Yiyang said: "I am at the airport now, preparing to go to Hong Kong to participate in the exchange between the school and the University of Hong Kong. How about waiting for me to come back? What do you think?"
As soon as Mr. Ma heard that Xu Yiyang was going to Hong Kong, he hurriedly said: "Mr. Xu, do you want me to make an appointment with Mr. Li? After you arrive in Hong Kong, you can talk to him in person?"
After saying that, Mr. Ma added: "Actually, you can talk to Mr. Li about the issue of personal cash-out. If you are willing, you can transfer some additional shares to Mr. Li. I believe Mr. Li is also willing to take it. If Based on a valuation of 2 billion, if you give him 10% of the shares, you can get 200 million in cash."
Xu Yiyang said in his heart, Mr. Ma, are you a bit of a wolf now
I have helped you so much, but when the second young master of the Li family comes, you immediately fall in love with him
Not only do you want me to dilute my shares and let Mr. Li bring capital into the market, but you also want me to personally transfer my shares to Mr. Li. Do you want me to withdraw directly and replace Mr. Li as your major shareholder
It seems that shareholders like me, who do not have sufficient background and have little initial investment, will be disliked after the company develops.
This may be the reason why men become more and more disdainful of bad wives when they get rich.
Take 10% of Tencent shares and exchange it with Li Zekai for 200 million yuan in cash. Do you think I am Li Zekai himself
Isn't he the one who took 20% of Tencent's shares in exchange for more than 12 million US dollars with the South African newspaper industry, and was still complacent in the end
History is really ironic. Now Little Superman has suddenly changed his identity and is beginning to think about his Tencent shares.
Although Xu Yiyang was somewhat angry in his heart, he did not express any words to Mr. Ma.
He knew that Mr. Ma was already leaning toward Mr. Li, and it would be useless for him to say more.
What I really have to do now is to fight for a time window, first find a way to mediate, and then find a solution.
So he said: "After I arrive in Hong Kong, I may have to be busy with communication matters first. Let me think about it first. If I have time to see him, you can make an appointment for me."
Mr. Ma immediately agreed and said, "Okay Mr. Xu, if you have any questions, we can communicate at any time."
After hanging up the phone, Xu Yiyang put away the phone expressionlessly, secretly pondering the causes and consequences of this incident.
At this point in time, there is still less than a month until the Internet bubble bursts.
Internet companies, capital circles, and Wall Street are all still in the dark. Everyone is pouring money into the Internet like crazy in order to realize the investment myth of doubling in half a year, doubling again in a year, and more than ten times in two years.
However, the more everyone is driven into madness, the greater the crisis.
If you want to hold Mr. Li back from investing in Tencent, you only need to wait until the Internet bubble bursts in mid-to-late March. Then you don’t have to hold him back, he will turn around and run away.
However, Xu Yiyang vaguely felt that there seemed to be some kind of opportunity in it.
However, now that he has no money and no foreign exchange, he seems to be unable to do anything if he has the opportunity.
But secretly, Xu Yiyang felt that if he thought about it carefully, he should still be able to do it.
At this moment, he suddenly felt someone tapping his shoulder.
Looking back, I found it was Shen Lele.
Shen Lele saw that Xu Yiyang was distracted after answering the phone, and asked with concern: "Are you okay?"
Xu Yiyang shook his head and said, "It's okay, I was just thinking about something."
Shen Lele smiled slightly and said, "It's time to board the plane, go and line up."
"Okay." Xu Yiyang nodded lightly and joined the registration queue with Shen Lele.
The Boeing 747, loaded with hundreds of passengers, took off from China Overseas Airport and headed straight for Hong Kong Island!
(End of chapter)