Yi Anguo has more and more companies under his name, and he has invested in more and more companies and projects. In order to continue to maintain rapid development, financial pressure has also begun to increase.
Although he is very rich and has huge assets to his name, most of his funds are invested in US and Hong Kong stocks, as well as the domestic stock market.
As long as he sells some stocks, he will naturally have funds. The problem is that Yi Anguo doesn't want to sell the stocks he holds now.
For example, Penguin Holdings in the Hong Kong stock market, Guojiu Holdings in the domestic stock market, and Apple, Amazon, etc. in the US stock market. These are stocks that will increase dozens of times in the future and continue to pay dividends every year.
It would be a shame to sell it now.
Although he still has some cash flow on hand, there are still many worthy investment projects waiting for him in the future, especially next year.
Only now can Yi Anguo truly realize that the richer the person, the more troubled he is by lack of money.
The Microelectronics Group under its name, the team that develops lithography machine technology, is like a gold-swallowing behemoth, like a bottomless pit that can never be filled.
One billion US dollars in research and development expenses were spent a year. Although certain technological breakthroughs have been achieved, there is still a long way to go before success.
If you want to succeed, you must continue to invest huge amounts of research and development funds. You have to keep throwing money at it.
That's what it's like when it comes to scientific and technological research and development. There's nothing you can do except throw money at it.
But you can’t live without this kind of high-precision and cutting-edge technology, and you can’t count on it from abroad either. Because they impose a technical blockade on you.
You can’t buy it even if you have money, and even if you can buy it, it’s an outdated technology.
And even if they are willing to sell it to you now, they can cut it off at any time and stop selling it to you, but you have nothing to do.
Therefore, we can only develop it ourselves. It is safest to keep the technology in our own hands. No matter how much money we spend, we must continue to spend it.
After much thought, Yi Anguo decided to launch some corporate financing.
At present, Jingjing Online Supermarket is more suitable for financing, but it needs to be divested before financing, and it cannot be fully financed. It would be a bit too troublesome to divest it after financing.
The first thing to divest are heavy assets, such as the offline supermarket stores of Jingjing Online Supermarket.
Because most of the offline supermarket physical stores of Jingjing Online Supermarket, including logistics transfer stations and warehousing centers, are purchased directly, and some are even built by themselves.
Moreover, the current offline supermarket physical stores of Jingjing Online Supermarket are all high-quality and profitable assets. The store real estate will appreciate in the future, and of course they need to be divested.
In short, things that should be divested before financing should be divested. For example, Quiet Logistics and Quiet Takeout also need to be divested. Even Quiet Logistics and Quiet Takeout must be financed, so they must be divested and then refinanced.
Internet companies will eventually go to the road of financing and listing. If you never raise funds or go public, your people will lose motivation and force you to go public.
Only when the company goes public can the company's veterans gain greater benefits and double their worth.
For example, when Alibaba and Penguin went public, a large number of millionaires and even multi-millionaires were born.
The company's senior executives, including some middle and low-level managers, have equity incentives. Although the proportion is not large, once the company is successfully listed and has a market value of tens of billions, or even hundreds of billions, then even if they hold 0.1% of the shares, they can even It's 0.01%. That's worth hundreds of millions.
So when everyone heard that the company was going to raise funds and prepare to go public in the future, the people in the company suddenly became excited and worked extremely energetically.
Yi Anguo summoned the top executives of Jingjing Online Supermarket and announced a financing plan, preparing to sell 10% of the company's shares and raise US$2 billion.
"Chairman! Is the company's valuation of 20 billion US dollars a bit too high? Wouldn't it be too embarrassing if we can't attract investment?" Yi Haiyang asked worriedly.
"The key is that the company's heavy assets and many departments have been divested, leaving only the online supermarket business."
"What's a valuation of 20 billion US dollars? Do you think it's high?" Yi Anguo said calmly.
"This is now. After a few years of development, after the advent of the mobile Internet era, it is not impossible for the company to have a market value of hundreds of billions of dollars after it goes public."
"If no one is willing to invest and no one is willing to accept a valuation of 20 billion US dollars, then it doesn't matter. I don't have to raise money, I just want to try it."
"Penguin's current market value is almost US$40 billion, and our company is valued at US$20 billion. Is that excessive?"
Yi Haiyang was a little speechless. Although Jingjing Online Supermarket was developing rapidly, Yi Haiyang never thought that it could compete with Penguin Company.
After all, Jingjing Online Supermarket has only been established for a few years. Anyway, Yi Haiyang feels that the valuation of US$20 billion is too high. It is simply too high. Only a fool will accept it and be willing to invest in it.
Even the heavy assets and offline supermarkets have not been divested. Including Jingjing Logistics and Jingjing Takeaway, it is not worth US$20 billion.
Alibaba, also an online shopping company, has a market capitalization of just over US$10 billion.
No matter how you calculate it, the valuation of Jingjing Online Supermarket at US$20 billion is too high. It seems that Yi Anguo has no intention of raising funds at all.
Yi Haiyang has been responsible for the operation and management of Anjing Online Supermarket from the beginning. Although Yi Anguo invested a lot of money in Anjing Online Supermarket, the development speed of Anjing Online Supermarket is indeed very fast.
But the total investment is only over one billion U.S. dollars, and it will not exceed two billion U.S. dollars at most.
But a large part of the funds are used to build logistics, as well as offline supermarket stores for online supermarkets.
Many offline supermarket stores and real estate in warehouse centers were purchased directly, as well as some transportation vehicles from logistics companies. Most of the investment is actually spent here.
The problem is that these heavy assets have been divested, and the actual investment in Jingjing Online Supermarket is only a few hundred million US dollars at most.
The investment cost is several hundred million US dollars, and the valuation is US$20 billion. This is too exaggerated.
In fact, Yi Haiyang fell into a misunderstanding. Internet companies are not physical companies, and of course valuations cannot be based on actual investment constants.
For example, in the South African Newspaper Group investment company, the total amount of the company is only 35 million US dollars, which is less than 40 million US dollars anyway, accounting for 46% of the shares.
According to an estimate of Penguin's current market value of US$40 billion, the market value of Penguin's shares held by the South African Newspaper Group is as high as nearly US$20 billion.
In just six or seven years, the South African Newspaper Group's investment in Penguin has increased nearly 50 times, and will continue to grow significantly in the future.
In the same way, Anjing Online Supermarket has now reached a certain scale, and its future development prospects are definitely very good.
Although Alibaba's apparent market value is only over 10 billion U.S. dollars, Alibaba is not listed as a whole. Only its B2C business is listed. Therefore, the market value of more than 10 billion U.S. dollars is not the entire market value of Alibaba.
Therefore, it is not too much to say that Anjing Online Supermarket is valued at US$20 billion, at least that is what Yi Anguo thinks.
When Jingjing Online Supermarket released the news and planned to raise funds, it attracted the attention of many venture capital companies, and many venture capital companies expressed great interest.
But when they learned that Jingjing Online Supermarket was valued at US$20 billion, many venture capital companies that originally wanted to invest were a little daunted. They all said that the valuation of US$20 billion was a bit too high and not cost-effective.
The investment projects of venture capital companies are generally high-risk and high-return projects. Although the risk of investing in Quiet Online Supermarket is not high, the returns are also very limited!
Even if Anjing Online Supermarket can successfully go public in the future, with a market value of hundreds of billions of dollars, the return on investment will only be 5 times.
What's more, how many companies have a market value of over 100 billion US dollars? If Jingjing Online Supermarket is listed on the market and its market value is only 30 to 40 billion US dollars, or only more than 20 billion US dollars, it will be meaningless.
If the market value is less than US$20 billion, won't this investment still suffer losses?
So when we learned that Jingjing Online Supermarket was valued at US$20 billion in financing, naturally no venture capital companies were willing to invest.
However, Yi Anguo unexpectedly received a call from Chen Ting.
"Are you short of money now? Are you having difficulty with capital turnover?" Chen Ting asked on the phone.
"Why am I short of money? There must be no problem with capital turnover!" Yi Anguo said with a smile.
"Is it necessary to be so tough in front of me? If you are short of money, just say so. If you are not short of money, why do you need financing for your quiet online supermarket?"
Chen Ting asked directly. She thought Yi Anguo was embarrassed for admitting in front of her that he had no money and had difficulty with capital turnover.
Of course she knows that Yi Anguo is very rich, but she also knows that Yi Anguo has many investment projects, and it is normal for him to have difficulty in cash flow for a while.
"Internet companies will eventually take the road of financing and listing. I am just making some preparations in advance. No matter whether I have money or not, or whether it is difficult to finance, I will still take this road." Yi Anguo explained. road.
"Is that so? How about I invest on behalf of Chen's enterprise?" Chen Ting thought for a while and said.
"Right now, Chen's Enterprise still has a lot of idle funds in its accounts. I'm thinking about what projects to invest in?"
"If you invest in my company, isn't that the same as having the right hand instead of the left hand?" Yi Anguo said with a wry smile.
Yi Anguo was instinctively repelled and did not want Chen Ting to intervene.
"One code, one code. You need someone to invest anyway. Can't I invest in you? I believe in you and the future development prospects of Anjing Online Supermarket." Chen Ting said.
(End of chapter)
