Chapter five hundred and nineteen initial contact
Zhou Sheng encountered resistance at the academy, and Chen Qiaoshan's progress was not smooth.
Under the introduction of the middleman, Chen Qiaoshan met the deputy general manager Xiong from Licheng Information, but the other party was the operation manager in charge of transactions and customer service, and he didn't know much about 5173's financing situation.
Chen Qiaoshan originally wanted to learn about the relevant situation first, but the other party was quite concerned. He heard that he was an investor, so he said he was not responsible for the content and only gave Zhang Bingxin's contact information, so he hurriedly ended the meeting.
"Mr. Chen, what should we do now? Why don't I try to entrust the relationship?" Dong Qifeng felt a little uncomfortable. He originally wanted to show his connections and abilities in front of his boss. He was indeed found, but the matter was not done. This was somewhat embarrassing.
"No need to make trouble, just call Zhang Bingxin." Chen Qiaoshan didn't want to continue wasting time. Since the road was not clear, just come to the door.
This meeting was not completely rewarding. At least Chen Qiaoshan had a rough understanding of the operation of 5173. The company is currently operating in good condition, but is eager to expand, which is also Zhang Bingxin's eagerness to raise funds.
Chen Qiaoshan called in the name of an investor and asked Zhang Bingxin to meet him. The other party agreed readily.
The two made an appointment in the afternoon, and the location was in a teahouse near the hotel.
When Chen Qiaoshan saw Zhang Bingxin, the first feeling that the other party was very young. He took the initiative to greet him: "Hello, Mr. Zhang, I am Chen Qiaoshan."
"Hello." Zhang Bingxin reached out and shook Chen Qiaoshan. Although he was not showing any of it, he was very happy. This financing seemed to be stable. Even if the financing negotiations with IDG were not going well, it would be okay to get some money from Qingshan Capital.
5173 was launched at the end of 2003 and has been established less than two years ago, but it has achieved profitability.
If Zhang Bing is content with the status quo, he can earn 400,000 or 500,000 yuan in the new year. For a person with only a middle school degree, he has almost reached the peak of his life, but he is not satisfied with it.
Nowadays, online games are popular. Since there are no competitors in the market for the time being, the situation of 5173 is in good condition, which has also made Zhang Bingxin's ambitions continue to grow.
Zhang Bingxin has a good vision and the scale of the game trading market is growing day by day, but the trading platform does not have high technical requirements. It is essentially a labor-intensive industry and requires a large number of customer service and trading specialists. Due to financial pressure, the company has never been able to achieve scale and industrialization.
The company is currently in a hurry to lack development funds, rent, equipment, labor, bandwidth costs, and technology changes. Each expenditure is not a small number. He knows very well that it will not work if he wants to expand on his own, and he can only seek support from external funds.
Zhang Bingxin also used the idea of giving it a try and sent an application for financing to IDG Capital. The result was very surprising. Not only did IDG Capital come, but there was also an unexpected surprise.
After the webmaster meeting, Chen Qiaoshan became more and more famous in the Internet entrepreneurship circle. Even though 5173 is in a corner, Zhang Bingxin heard about it. When he heard that the God of Wealth came to him, he dared not be negligent, so he rushed over immediately.
After a few simple greetings, Chen Qiaoshan didn't go around the circle and directly talked about the topic, "I'm a little interested in 5173 and happened to pass by Jinhua. I want to learn about the relevant situation of your company. If the conditions are right, we may be able to reach a cooperation."
Financing is cooperation, and acquisition is also cooperation.
Chen Qiaoshan did not immediately reveal his intention to acquire, which was also a countermeasure agreed with Dong Qifeng.
Zhang Bingxin welcomed Qingshan Capital's arrival. IDG Capital is famous enough, but the conditions are quite harsh. After contacting each other two or three times, investors have also visited the company in person, but the financing agreement has not been reached.
The problem is simple. IDG is willing to invest, but the price is very low. It is only willing to take 150,000 US dollars and hold 20% of the shares. In terms of conversion, the valuation of 5173 is less than seven million, which is far from Zhang Bingxin's psychological price. Even if he reluctantly agrees to IDG's quotation, the money is not enough to support 5173's expansion plan.
"Mr. Chen, we are definitely welcome to investing." Zhang Bingxin directly expressed his attitude towards cooperation. He knew very well that whether it is IDG or Qingshan Capital, if you have money, you are the master.
Nowadays, financing is not easy. There are many IT people in the entire Jinhua Internet circle, such as Fang Xingdong from Blog China, who came from Yiwu, but so far, no local Internet company has been able to introduce external venture capital.
With the cooperation of Dong Qifeng, Chen Qiaoshan asked in detail about the operation of 5173. Zhang Bingxin answered questions and chatted for half an hour, but the atmosphere became relaxed.
Chen Qiaoshan suddenly said: "Mr. Zhang, if it is convenient, it is best to go to the company to take a look."
Since there are competitors, IDG Capital will not reach a financing agreement so quickly. As long as it reveals its attitude towards cooperation, things will have room for ease, and Chen Qiaoshan will have plenty of time to bargain.
Zhang Bingxin hurriedly said, "Welcome, you can go there anytime, it's very convenient."
Chen Qiaoshan said: "It is better to go to the day than to choose a day. If you have time in the afternoon, why don't we go there now?"
Zhang Bingxin was stunned. This was a little too anxious, but he still said, "No problem."
Chen Qiaoshan just wanted to see the real situation of 5173. He walked around in the field, but the result was not very good. Although Licheng Technology has dozens of employees, it is indeed a startup company.
The website only has a few core R&D and maintenance members, and the rest are traders and customer service. A group of people are crowded in a private house on the outskirts of the city. No matter how you look, it doesn’t look like an Internet company, but rather a black Internet cafe.
After a quick look, Chen Qiaoshan's face remained calm, but Dong Qifeng was a little disappointed. He could do the core structure of the website, just a simple guarantee transaction. He couldn't understand why the boss was interested in 5173.
Seeing the reaction between the two, Zhang Bingxin was also a little nervous.
IDG Capital has also come to the company. After seeing the relevant situation, it has a similar expression to Dong Qifeng. He pointed out on the spot that 5173 does not have obvious market competitiveness, has a general business model, and is easily caught by competitors, so the valuation given is also extremely low.
Zhang Bingxin wanted to make up for it, so he took out a financing plan and said, "Mr. Chen, this is our company's development plan for the next few years."
Chen Qiaoshan said he was here to take a look, but he was really a quick look. He was not ready to wait too much. After taking the financing plan, he said, "Okay, I'll take a look first, let's stop here today. Let's look back and find an opportunity to chat."
When Zhang Bingxin saw that the God of Wealth was about to leave, he panicked and hurriedly advised: "Mr. Chen, it's getting late. Why don't you have a meal together to give me a chance to do my best for the landlords."
Chen Qiaoshan was a little funny. It was only four o'clock, so he politely declined.
Zhang Bingxin had no choice but to send the two of them into the car, watching them leave, and then returned.
When he returned to the hotel where he stayed, Dong Qifeng held his questions for a long time and finally found an opportunity. He asked: "Mr. Chen, 5173 has low technical content. You can just find a few coders in Zhongguancun to copy one. Is it necessary to acquire it?"
Chen Qiaoshan had known this question, and he asked back: "It seems simple, and it is easy to copy the website, but is it really that easy to do it?"
Dong Qifeng hesitated for a moment and said, "Kangsheng has promotion channels. At worst, spend some money on advertising. It shouldn't be difficult to attract traffic, right?"
"You think too simple. Time cost is a problem. 5173 has already taken the lead in the market layout and accumulated some users. What's more important is labor cost. Why are they eager to raise funds? Isn't it just to seek to expand market share. If we make another one, we may not be able to catch up."
It is not difficult to make another 5173, but Chen Qiaoshan knew that if he hadn't suddenly intervened, 5173 would eventually get nearly 10 million US dollars in financing from IDG Capital, and the time span was less than a year. By then, it would be hard to say who would win or lose.
Dong Qifeng disagreed with Chen Qiaoshan's remarks.
In his opinion, 5173 does not have much technical content. If he is held responsible, he can re-made one of them with two or three million, but if it is acquired in full, the money will definitely not be enough.
Chen Qiaoshan did not explain further about Dong Qifeng's disbelief.
Opportunities are near, and it is much easier to disrupt the cooperation between IDG Capital and 5173 than to cultivate a competitor. This choice is still easy to judge.
It is impossible for Chen Qiaoshan to invest too much energy in 5173. It is obvious that he does not have the convenience of acquiring another person. Even if the price is higher, he can directly accept a group of experienced employees and management. Even if the acquisition is at a premium, the money is still worth paying.
Sorry, I'm busy moving bricks after the New Year, and I'm a little late to update. This is what I made up for last night. Today is in a hurry
Chapter completed!