Starlight Yinghaiwei International Computer Network Services Co., Ltd. is 90% owned by the Hong Kong party and 10% owned by Yinghaiwei. The total investment is US$2 million and the registered capital is US$10 million.
The Hong Kong side is responsible for network construction and the Chinese side is responsible for operations. The profit mainly comes from technical support and service fees. It is expected to start making profits in 1998. However, due to the increasingly serious financial crisis in Hong Kong, in December 1997, Zhongce Company terminated the establishment of a joint venture with Yinghaiwei. agreement.
The business location should be located in a downtown area, and the decoration should be luxurious to show its strength. Zhang Shuxin's brand management concept has caused Yinghaiwei to bear many unnecessary financial burdens.
Yinghaiwei has established 8 branches in Beijing, Huhai, Yangcheng, Pengcheng, Rongcheng, Chang'an, Bingcheng and Shengjing. The network is large, with more employees, but fewer registered Internet users; Guanghuhai The branch's annual rent is 900,000 yuan, and Yinghaiwei's monthly advertising revenue is only about 60,000 yuan. It cannot make ends meet. The company is burdened with a heavy burden, and there is no new capital injection. It begins to shrink its front line and relies on Xingfa Group's bank loans to maintain it. Corporate debt is piling up.
"Xinxin, can Yinghaiwei raise funds from Sun Jian?"
When his wife complained, the speaker was unintentional but the listener was intentional. Jiang Zuoxiang's eyes lit up.
"Lao Jiang, we will use 20% of Yinghaiwei's equity to raise US$10 million from Taobao Holdings."
Zhang Shuxin's eyes also lit up. Since Sun Jian is willing to invest in small companies such as Alibaba, Tencent, Sohu and NetEase, why can't he invest in Yinghaiwei?
"Xinxin, 10 million US dollars is equivalent to 83 million yuan. Yinghaiwei's capital injection is only 80 million yuan. If you give Sun Jian 20% of the shares, will he agree?"
Jiang Zuoxiang felt that his wife was talking loudly.
"Lao Jiang, how much capital do Ma Yun and others have? Ali's registered capital is only 00,000 yuan. Before starting business, he used 30% of Ali's shares to raise 2 million US dollars from Sun Jian. We have already spent 160 million yuan. , the basic network framework has been established, the company’s reputation is second only to PIC, and the market prospects are not comparable to Alibaba. The $10 million we want is not much, and the two parties can still negotiate terms, up to 30%."
At the beginning of the year, Ma Yun was looking for help everywhere in order to raise funds, and it was only through connections that he was able to talk to Zhang Shuxin for half an hour.
The more Zhang Shuxin thinks about it, the happier she becomes. With 10 million US dollars in real money, she can repay due bank loans, pay bank interest, develop 2 or 3 online games, and add 30,000 to 40,000 netizens.
"Xinxin, you need to discuss this with Chairman Liang."
Jiang Zuoxiang thought about it and felt that his wife had a point. Financing meant issuing stocks at a premium to venture investors.
"Old Jiang, Liang Yeping will definitely agree."
Zhang Shuxin didn't like the powerful Liang Yeping from the bottom of her heart, but she was the real boss of Yinghaiwei. She was the general manager hired by the board of directors, and the couple were the second shareholders.
"Hello, Mr. Sun, I am Zhang Shuxin from Yinghaiwei. I have something important to do with you?"
On the morning of March 8, Sun Jian was preparing to go to the wedding when he suddenly saw a strange phone number. Most people didn't know his phone number. There must be something important to him.
"Hello, Mr. Zhang, please tell me?"
Sun Jian is not familiar with Zhang Shuxin of Yinghaiwei. This man was known as the pioneer of China's Internet in his previous life. Although he failed, Yinghaiwei is known as the Huang P Military Academy of the domestic Internet! After the birth of Pi, because pi has changed the history of China's Internet and the world's Internet, and is far ahead in terms of technology and market application development, it is unique. If Zhang Shuxin does not come to visit, he will not take the initiative to visit.
In his previous life, Sun Jian always believed that Yinghaiwei was a private Internet company and was deceived by unscrupulous media reporters!
Yinghaiwei is a state-owned Internet enterprise controlled by China Xingfa Group under the Ministry of Foreign Trade and Economic Cooperation with 66%. Zhang Shuxin and his wife hold 26% of the shares and are the second shareholders. Liang Yeping, the chairman of Xingfa Group, is the chairman and legal person of the company, and Zhang Shuxin He is the general manager hired by the board of directors to be in charge of the company's business activities.
In its previous life, Yinghaiwei was a website that had to be registered for a fee. When Pic came out, it adopted a model of free registration of online names. Yinghaiwei, which was launched more than two years later, did not dare to register for a fee. It is still an ISP company with serious losses. Although at the same time, Pic is not a competitor on the same level, but Sun Jian is familiar with Yinghaiwei’s basic company information.
"Mr. Zhang, Yinghaiwei plans to conduct a round of financing and is willing to exchange 20% of its equity for US$10 million in financing from Taobao Holdings."
Zhang Shuxin has reported to Liang Yeping that the other party is asking for it. If Taobao Holdings is willing to take over Yinghaiwei, Xingfa Group is willing to withdraw.
"Mr. Zhang, I have some personal matters to take care of in Pengcheng these two days. I will return to Beijing on the 10th. I will have a meeting during the day on the 11th. I will meet Mr. Zhang at the Zhongguancun headquarters of Taobao Electric Group at 1:30 in the afternoon. Is Mr. Zhang free?"
Yinghaiwei, which suffered serious losses, actually used 20% of its equity to raise US$10 million from Taobao Holdings. Zhang Shuxin was so open-minded that Sun Jian was amused.
In the previous life, the decline of Yinghaiwei was closely related to Mr. Zhang.
The collapse of Yinghaiwei has nothing to do with the emergence of Sun Jian. This has been proven in previous lives.
Yinghaiwei is a state-owned enterprise holding company. It wants to take advantage of state-owned enterprises, but in the end it will even spit out its capital! Taobao Holdings did not provide financing to Yinghaiwei in the end, and Sun Jian had no psychological burden.
For A-round financing, Liang Yeping, the chairman and legal person of Yinghaiwei, must personally come forward to negotiate with Sun Jian. If Liang Yeping instructs Zhang Shuxin to raise funds, this is disrespectful to Sun Jian!
Xingfa Group, which has a registered capital of only 30 million yuan, is not on the same level as Taobao Holdings, which has a registered capital of 0 billion yuan.
The only explanation is that after Zhang Shuxin saw Alibaba, Tencent, Sohu and NetEase easily raise capital from Taobao Holdings through equity, he took matters into his own hands and came up with a temporary equity financing plan.
"Mr. Sun, yes!"
Zhang Shuxin did not expect that Sun Jian would agree to meet without hesitation, and she felt happy.
"Mr. Zhang, please send someone today or tomorrow morning to hand over Yinghaiwei's information and the A-round equity financing agreement to Manager Chen Changmin of htic Investment Consulting Capital Company."
Equity financing is not a private loan, just writing an IOU is enough!
For Yinghaiwei, equity financing has no interest, no guarantees, and no repayments. However, for Taobao Holdings, before investing, it must send people to conduct rounds of inspections and investigations on Yinghaiwei. Whether Yinghaiwei has reached the Equity financing requirements?
There is no explanation, Zhang Shuxin should know better, otherwise it is disrespectful to Sun Jian!
Ma Yun and the others easily obtained a huge sum of money from Taobao Holdings Company for their company's capital. This is why Sun Jian is a reborn person.
There is no free lunch in the world, and the money of venture capital companies is not falling all over the world!
"Okay, Mr. Sun!"
Zhang Shuxin did not expect Sun Jian to agree so readily, and was very happy. The information on the joint venture established by Xiangjiang Starlight Telecommunications and Yinghaiwei last year was available, and it would be enough to modify it slightly.
