Chapter 992: The feeling of encountering my own trumpet
"Senior, you are so young."
Duan Luting spoke first on the other side of the video, saying that Chu Yuanxi was confused, thinking that it was true that there was a generation gap in three years. Now, is it the same routine for young people to say hello to each other when they meet?
However, Chu Yuanxi could learn any trick without a teacher, so he nodded and said, "Of course, heroes are young."
After this conversation, the atmosphere was harmonious. Both sides talked about their own situation and positions. Then Chu Yuanxi realized that Duan Luting was actually a son who inherited his father's business. This fresh food processing company said that he founded it, but in fact it has a large family attribute. A family of more than a dozen people were distributed in various production and processing links. The small workshop in the early stage was also the family's assets, but he was the one in the center on the surface.
This situation has both advantages and disadvantages for mergers and acquisitions. Chu Yuanxi immediately thought of two disadvantages, one is that it is easy to cheat. The first domino that caused the collapse of the fresh food track last year was the founder of a celebrity fresh food startup that brought the whole family into the procurement system.
So from ground-pushing materials to office consumables, from store decoration to consulting fees, fresh food supply cannot be escaped. There are a large number of people lying on cash flow in every link, and they don’t even let go of the store’s working capital, burning all the investors’ money in just a few strokes.
However, the members of the old Duan family are basically on the production line and are all working people, so the situation is much better than vampires. But the second disadvantage is that if the merger is completed and then you want to get rid of them intact, it will take a lot of effort.
However, these members were originally part of the assets of the acquisition subject matter. The advantageous day is that as long as they are stabilized, the basic framework of the company will be stable and there will be no chance of trouble.
But when Chu Yuanxi started asking for the price, Duan Luting smiled very professionally: "Senior, I'm going to tell you, I don't plan to accept mergers and acquisitions now. We have enough money in our account. Although the business has some impact recently, the business volume is still OK, and the cash flow is also in an expansionary state. The key is that the development of the company has not met my expectations, so I refuse to sell it now."
Chu Yuanxi pressed the table very hard, but he couldn't see it from the other side anyway. This sounds familiar, it seems that he had said it some time? And it seems that he had said it to different people more than once?
Of course, you must be calm when speaking, Chu Yuanxi smiled: "So, what are your expectations?"
"Me? Of course, my goal is to go public or be acquired by listed companies. If a non-listed company must acquire it, I hope it will be all-cash, not less than 5 billion. This is my calculation of how far Tianxian Package can reach in the future. Although the valuation in the last round was only 150 million. Whether you laugh, I think I am too ambitious, anyway, this is my goal."
Chu Yuanxi said that he had wiped it out. This is definitely what I said, at most it was a little revised! Why do young people nowadays not play by the rules?
Of course, he has no position to complain about others. His goal is only 5 billion, which is still down-to-earth than calling out 300 billion. Even when the other party agreed to today's meeting, he felt that it might not be a meeting for the sake of being acquired, but for something else. Anyway, he is familiar with this situation, but the seats need to be adjusted.
For example, Chu Yuanxi thought about the early days of Baren at that time. At that time, Daxia Investment talked to him, and then the two sides talked about a valuation of 50 million. Has he ever thought about selling it? Daxia would never know the answer. But Daxia may have heard that Chu Yuanxi gave his own people a reassurance later, when he talked to others, especially when recruiting, he endorsed the valuation of 50 million in Daxia. This is the value given by the market, fair, easy to use, and tough to say it!
Therefore, even if the other party really thinks so, he has no reason to get angry. It is just a cycle of heaven. Sun Yuchen is Buffett three times angry. Is Sun Yuchen more awesome than Buffett? It is just a cycle of heaven.
Thinking of this, Chu Yuanxi laughed, making Duan Luting confused, then stroked his face, straightened his expression, and said, "I don't think so. I'll give you a valuation of 1 billion yuan. When someone asked me, I said you refused. What do you think?"
Duan Luting was stunned and thought to himself how Chu Yuanxi's thinking turned to this point? This is unscientific. I just played hard to get, and it was not yet my turn to ask you how much value you value me! Why don't middle-aged people play according to routines?
But 1 billion is a number that satisfies him, which is conducive to various actions that may be taken next. Therefore, he laughed awkwardly and asked in a pretentious manner: "What do you mean?"
"It means I agree with your idea." Chu Yuanxi said calmly: "When others came to talk to me about acquiring Xiaokang, I also said that our target was 300 billion, and if we were less than 300 billion, it would not consider capital operation. So I fully understand you."
"Wow, there is such a thing? Your ambition is too great, I admire you!" Duan Luting said that these two seniors were not in vain. It seems that he really met his colleagues!
Chu Yuanxi remembered what Yuan Mu advised him recently, and took it out at this time, so he said: "However, although your idea is very similar to mine, have you considered your ability to resist risks? I guess even if you make a profit quickly, your cash reserves will not be sufficient, but now it may not be the period when you have the greatest risk. In the next six months, you may encounter a very shortage of cash."
Duan Luting slapped his thigh: "Finance!"
Chu Yuanxi said, I knew you would say that! "For financing, I will tell you that the situation here is getting better. It is actually quite difficult to raise funds this year. My two main investors, Xu Xin and Hu Shiheng, are both top-notch in China, but they are busy saving people recently. They have already told me that they can help, and that money is very tight."
This was said by Hu Shiheng. Xu Xin was a little better recently, and the rise of fresh food helped her cheer her up, so she was busy but she was in good spirits. Hu Shiheng was already in a state of anxiety. His original words were that the more he invested, the greater the responsibility. Now, when he wakes up every day, he understands the situation of the invested company. The dual factors are too lethal. Some are full of things, and some are almost out of reach. No matter what, you have to help them hold on and live there will be a chance.
This state is basically the new normal in the domestic investment circle. All those who invest in this year say that they will definitely have to slow down if they want to raise funds for new projects this year. Even if things go by, they cannot be scheduled. Old projects, especially those invested before the New Year, have too much work to do post-investment services!
And the current reality is that it is impossible to enter the market to do DD (due due diligence), nor to have an in-depth understanding of the entrepreneur's situation and the status of the team. This is called a force majeure factor.
Therefore, Chu Yuanxi immediately posted on WeChat Moments to praise Yang Jiangang because Yang Jiangang was going to wait for the start of financing in March, and the peak visual effect would probably be cool. So before gritting his teeth and doing a round of promotion, it may turn into a trick by mistake because he could produce a round of data.
If this key data is good, it will be easier to impress investors. New investors cannot enter and there are elderly people. When the shares were released in the last round, Baren "deliberately" remained silent and released as much share as possible to institutions. A lot of them were put on the bus. It seems that the money from these institutions is still possible to get as they wish.
Therefore, when Chu Yuanxi stood by and watched the A-round financing of the peak visual effect, he now seems to have become a "god hand", and he has once again received praise from Sister Xu Xin.
In short, Chu Yuanxi's words were all true. Duan Luting suddenly thought that Chu Yuanxi not only controlled Xiaokang, but also the actual controller of Baren Group. The information of Baren Group was transparent and rich until November!
So, what is the purpose of Chu Yuanxi saying this? Is it just a simple reminder to myself that financing is difficult in the future? There is no need to remind me, who doesn’t know about entrepreneurs? Duan Luting couldn’t help but fall into deep thought.
What he didn't know was that Chu Yuanxi was particularly looking forward to the peace and stability of the country, because he returned to normal, he could only use the money to go out to buy and buy immediately. At this time, it looked like a golden time to buy and buy.
Judging from the big deal in Baren Games at the end of last year, why don’t some people think Chu Yuanxi lost? Because although "Come Out of the Troubled Times"'s ability to make money was transferred to Alibaba, especially under the dual factors, two months are conservatively estimated to make 2.5 billion more than normal, which seems that the Baren Group is losing money.
However, the Baren Group realized its talent in advance as strength, which seemed to be overdrawn and gave a certain discount, but overdrawn was to win time. It was explained in terms of game terms and it was a "spread" style of playing.
At this point in time, Baren has a lot of cash in their hands, and the value of various assets in society is falling. Money is more valuable than usual. Some assets that can't be bought for 100 million are still not available now, but others can be bought for 10 million. So, is it a loss or a profit?
The suspension of work seems like a joke to ordinary people, but the holiday is extended when they close their eyes and open their eyes. But for business owners, it becomes that when they close their eyes and open their eyes, hundreds of thousands are gone again, and there is only consumption and no output, including Baren’s own output. Only people’s livelihood industries like Xiaokang and Tianxianpai are still operating, with costs increasing but income also increasing, and the situation is slightly better. As for fresh food e-commerce, that is an example.
This is why capital tycoons such as Xu Xin and Hu Shiheng are anxious every day now. The underlying objects and asset prices they invest in are generally falling. Even if they can turn on remote work, communication costs will still be paid, but the output of employees' time and workload will definitely fall.
Therefore, as February is approaching, Chu Yuanxi is considering whether to launch unplanned mergers and acquisitions every day.
Originally, the money was made for a strategic reserve for the well-off society, and all the expenses were lying on the schedule, but there was definitely surplus, and of course it could be adapted. At this time, if you have the ability to distinguish between the declining assets, which were wrongly killed, and which could be returned to the fundamentals, it is indeed worth studying whether to go out and spread coins.
The big guys and OPs in the fund industry are holding their money bags tightly at this time, and Chu Yuanxi runs out to sprinkle coins, which may be called the big head, but Chu Yuanxi has a different mentality from them. They are engaged in this industry, playing finance, measuring profit and loss and risk, and talking about cash as the king; Chu Yuanxi is doing a career, and only needs to consider two issues. First, do you want to do it yourself, and do conditions allow it; second, are there any problems in the goal? Is it worth it?
What's more, if Big Boss Xu Xin had so much living money in her hands, she would definitely take the initiative.
It just restricts Chu Yuanxi from the three words "unplanned". Unplanned means that the Ba people have not reserved talents for mergers and acquisitions and do not have the ability to distinguish between good and bad, so it is easy to get a glimpse.
Even if you have the ability to analyze, it is difficult to make reasonable mergers and acquisitions without a suitable trader, because the equity of many companies is not as simple as Baren and Xiaokang. Various conditions may arise during a round of financing, with various early investors signing various unreasonable agreements. The purpose of mergers and acquisitions is to obtain control, which requires traders to sort out all aspects of the situation and then come up with appropriate mergers and acquisition terms.
This kind of thing that takes up a lot of time and energy is obviously not something that Chu Yuanxi can do by himself. Moreover, the actual conditions do not allow it. The fund cannot communicate with entrepreneurs in person at this stage, and cannot enter the market to do it. Baren also has no choice, and it is even difficult to recruit relevant talents.
What's more, if Baren plans to carry out mergers and acquisitions, what should they acquire? Although they can cross-border for a limited number, they must be related to the two main businesses of Xiaokang Baren? The price of catering has fallen the worst. You can't acquire a group of restaurants just because Baren Information does a store visit. That's nonsense, and Chu Yuanxi can't stand it.
Therefore, it is best to supplement the main business. For example, Tianxianfu is a strong related one, but its value has not dropped, and it is very unbeautiful.
Liang Kenian has already developed many ideas these days.
Although Liang Kenian has not fully understood Baren and Xiaokang, he can still sort out good ideas by thinking aside from the details and thinking from a general logic. For example, Baren is a cultural and creative company, and he knows the meaning of the cultural and creative company, because his father has also worked, and "Come in the Troubled Times" was originally owned by Lao Liang.
Therefore, how about the acquisition of companies that operate claw machines? This is definitely a pioneer in price decline. The larger the country, the more difficult it is to operate, but it can return to fundamentals in the future and belong to cultural and creative outlets. This kind of asset can be allocated to the artifact company Panana to operate offline IP derivatives. It is best to acquire companies with upstream industrial chain resources to achieve one-stop production, supply and marketing, and then to give the claw machine an IP in "The Unfaithful Lord" inside and outside, which is the finishing touch.
You should know that there are not many companies in the domestic cultural and creative industry compared to other industries, and even fewer are serious. Among them, how many people with healthy capital conditions and strong risk resistance can be? Policies are unlikely to give priority to support. Therefore, the market will definitely be better in the second half of the year after the reshuffle. It is difficult to get through the difficulties in this stage. If cultural and creative companies fall down on a large scale, the industry will be terminated.
Chu Yuanxi immediately gave Liang Kenian the idea to Cao Shan.
In fact, Panana is also very miserable now. Cao Shan reported her demise every day. She played a bit hard before, which caused her cash flow to be a little tight. But fortunately, although Chu Yuanxi told Cao Shan that she could change to an incubation mode, allowing independent financing, and allowing her to be truly the master of her family, Cao Shan didn't know if she was lazy or felt that she had not reached the right time point, and she had never changed to an incubation. So now that Panana has needs, the Baren Group still needs to support it. Unlike the peak visual effect, she can be killed and never saved.
Five god-loving players have also found Chu Yuanxi for this matter, and they cannot sit idly by and watch Panar come up with problems. Therefore, the previous financing of Panarar was completed under the leadership of Baren Entertainment. Chu Yuanxi and Cao Shan have been communicating these days. What kind of solutions should be used to solve the funding problem? Is it the fund dismantling? Continue to raise funds under the leadership of Baren? Loans? Or enter an incubation state?
Cao Shan also needs to consider whether to complete this important role transformation and shoulder greater responsibilities.
For example, film and television, animation and special effects companies are also very directly affected. Film and television is originally a cold winter, while animation and special effects all require a lot of collaborative work in the middle and late stages, and require professional equipment and broadband, making it difficult to work remotely.
As Chu Yuanxi knows, some teams with strong desire to survive are already working on developing remote control systems. They don’t care about whether they keep confidential or not. First, they can use the system to remotely build the company’s workstations at home and perform special effects processing.
Chu Yuanxi knew that it was because the peak visual effect also had similar needs and was eager to save himself. Yang Jiangang was busy these days and spent the Spring Festival that was most impressive in his life for more than 30 years. In his words, if you open such a company, you must be able to solve possible problems.
These words forced Chu Yuanxi to nod. Even if he had no ability to solve the problem, he had to pretend to work hard to solve the problem, otherwise he would be underestimated by investors.
At this time, it will definitely be much easier than usual to take mergers and acquisitions. This type of company can be used for it, whether it is for Lu Yu, Zhao Jie and Yang Jiangang.
Therefore, what Chu Yuanxi said to Duan Luting was a rare heartfelt word. He was still at home during this period and he had a lot of time to think about mergers and acquisitions.
The video link with Duan Luting ended in a friendly and friendly atmosphere. Chu Yuanxi thought about it and would like to notify all Xiaokang's brothers of the tentative method of rework first.
Rework is relatively simple for Pakistani people, because there is no particularly urgent work to go through the three levels, but it is not for a well-off society. However, the situation is still serious, and the relevant spirits issued by the state and cities must be abide by, especially the time to stay for observation is left. Therefore, a charter needs to be issued before the 3rd to restore the work state in an orderly manner.
After he finished these things, he found that Feng Lin was actually playing "Warcraft 3 Remake"?
"You still play RTS games?" Chu Yuanxi was surprised. There was no female player playing real-time strategy for ten years, let alone now. Even male players have played real-time strategy. E-sports has been dominated by moba.
Chapter completed!