Chu Yuanxi is actually very interested in good product.

Liangpin Shop is a kind of enterprise that fully understands the entire snack value chain, and the competitive advantage of single products is quite strong. At the same time, Liangpin’s products are not only produced by OEM OEM OEM, but also some of them are produced by their own factories. This is different from the other two giants, but they are very similar to Xiaokang, or they are very similar to Xiaokang after establishing a "quality of life" brand and related production bases in the future.

Moreover, there are more than 2,000 offline stores, and although a large number of them are franchise stores, that is also stores. Coincidentally, Sister Xu holds a lot of shares, so Chu Yuanxi regards it as a resource and has watched Liangpin at 360 degrees without blind spots. He originally wanted to talk to Sister Xu Xin.

Didn't expect her to say that suddenly?

Xu Xin sighed: "You, actually, there's nothing to worry about. You have seen this situation recently. Xiao Hu and I helped you with activities a week ago. It's not good. I'm also losing money. Are you still in the mood to invest in others?"

Chu Yuanxi was muran, thinking about why it was not good? But a week ago, didn’t that talk to Gu Hongru about investing in Pu Mingyi? It seems that I have thought less, but it’s not that I didn’t react. I just don’t know the investors’ reaction, because the reaction was not good. If it were good, there would have been news long ago.

Xu Xin said: "My current idea is, can Xiaokang's financing be pushed back? One month to two months? It may be slightly better by April and May."

Chu Yuanxi said it would be better to push it for half a year? God knows when it will be a little better. Of course, various possibilities must be considered in the development of a company, but we must not just rely on "possibility".

Seeing that Chu Yuanxi didn't say he was alive, Xu Xin could probably get what was going on in his brain, and she couldn't help but sigh: "Who would have thought that people like Lao Hu and I would not be able to get the money for a day?"

She must be not without money. Even if she takes ten thousand steps back, if she really has no money, she can always use the stock to pledge it. This matter has been included in the options in Chu Yuan Xiyuan's world. Xu Xin is actually more inclined, because she has a large number of stocks after listing. Take Liangpin as an example, it is enough to invest in Xiaokang after pledging.

The problem is that this is not something that can be said, which is equivalent to letting others sell blood to support themselves. Unfortunately, the restricted period in my large A-shares will last for 3 years for major shareholders. After three years, they will not sell as soon as they want to sell. They have to make an announcement first and then go through bulk transactions to reduce their holdings in an orderly manner. Such announcements are usually negative in the capital market.

Moreover, Chu Yuanxi also knew that whether Xu Xin or Hu Shiheng had some money, they would definitely have some money in their hands, but they didn't want to use this money on Xiaokang. Otherwise, what would Xu Xin use to breastfeed her fresh little babies?

But this is tacit, and it is called "special funds and special purposes" for others. To seize the fleeting window of time, fresh food must first use money and cannot wait for a day. Hu Shiheng also has many invested companies that need assistance, and the landlords have no surplus food, so they are in a hurry to look for money everywhere, and they are in a state of demolishing the east wall and repairing the west wall. They may go bankrupt after two days.

In fact, Chu Yuanxi has never dared to look for Hu Shiheng these days, based on a common mind. For example, what should a person do the first thing after winning 5 million yuan? If he often reads jokes, he will first borrow money from his relatives and friends around him to see who refuses to lend it to him.

Chu Yuanxi is now afraid that Hu Shiheng will borrow money from him. We have such a good relationship. It would be too much to borrow billions from the Ba people? If there are not a few billion, it is okay to get one billion to save the money. Brother, we can discuss the interest.

Isn’t this embarrassing?

As for the fact that a well-off society is more valuable to invest? This is effective in normal times, but now it is not the usual time. Chu Yuanxi himself is an entrepreneur, so he particularly understands other entrepreneurs. At this time, the only task of entrepreneurs is to survive, and even kneel down, so it is difficult for investors to decide completely rationally and coldly whom they have limited resurrection potion for.

The bigger the time, the harder it is to deal with. Chu Yuanxi understands these situations, and he doesn't expect much from them. What he doesn't understand is why other investors are not good? It's impossible for everyone to be short of money, right? It doesn't matter if you don't pay for it yourself. With your ability, help be a nursery manager?

For a moment, the phone fell into an awkward silence, and the atmosphere gradually entered the philosophical level.

Xu Xin said: "What are the benefits of postponing for a month? Let's go to Meiduo. Meiduo is doing debt financing, with a large amount, and basically they are looking for investors in the local life field, which has a great overlap with Xiaokang."

When Chu Yuanxi said this, he frowned, and Xu Xin on the other end of the phone obviously paused and asked in a low voice: "How did you talk about the little bit you had with Tianxian before?"

"Ah?" Chu Yuanxi forgot about this. After recalling it, he remembered the confession to him: "I value him 1 billion, but he doesn't accept it."

"But why did you value him 1 billion?"

"He has 150 million rounds of B rounds, and 1 billion rounds of C rounds is not too high, right?" Chu Yuanxi said in his heart that Xu Xin was confused about this. He felt that I was giving it high? I must have given it high, because I just recited a book on a whim. How could I not do anything to do when slapping my head?

Moreover, it is not difficult to understand how the valuation between two rounds is multiplied by 7. ByteDance's valuation started from one million US dollars, and each round was multiplied by 10. It was very uniform and could dance disco to draw dragons and rainbows.

At the same time, we must also consider the differences before and after the financing. For example, Tianxian Package's valuation before the B round of financing is 1.5, but they still raised 50 million yuan, and the financing is 200 million yuan. The C round of financing is only multiplied by 5, not 7 times. So why is Xu Xin worried about this?

Xu Xin said sarcastically: "Who said it was high? In the end, they talked at a starting price of 1.5 billion. When they accepted the merger and acquisition for 1.8 billion, they opened the price lower."

Chu Yuanxi almost cried, thinking that he was blamed for not being generous enough? The 1 billion yuan was shot by the head. Duan Luting was very surprised at that time?

And Duan Luting's grandson is simply!

He kept saying that he wanted to make Tianxian match worth 5 billion, not worth 5 billion, and was not worth 5 billion before, why did he change his mind in a blink of an eye? And how did he find such a sucker? Now in this day, even Yang Jiangang dared to dare to call 1.6 billion with the courage to call 1.6 billion. In fact, according to Chu Yuanxi's idea, he would have raised 2 billion in the first round of B financing, and also raised 400 million, which seemed more appropriate.

Tianxian’s price of 1.8 billion is 50 million, and Chu Yuanxi said that among the victims, I would like to call you the number one among the victims. However, people think that 900 million is not enough, so they have to add another 900 million. Is there any inside story I don’t know? Is this kind of victim a good introduction to me?

Of course, Chu Yuanxi himself definitely didn't want the price of 1.8 billion. When he came into contact with the other party, he thought that while the asset value was generally low, the other party could accept a quote of about 400 million to 500 million, slightly lower than the appraisal value, so 1 billion was the first to be criticized. After all, it was a goal of investigation and had potential, but it was still far from realizing it. Of course, a long-term goal of 5 billion could be achieved, but it would take at least four years. As for 1.5 billion or 1.8 billion, do you think this is Baren Entertainment?

He opened the PC WeChat and found Duan Luting and sent a "?", and then asked Xu Xin on the phone: "Who did it? Who is so sucker?"

"Mido, who else can it be? Duomei's debt financing is step by step, and it will cost some of it if it gets. Why do I ask you Tianxianfu? It's not because of Mido."

Chu Yuanxi really cried this time. What he didn't want to see was that Meiduo bought Tianxian Pair! Moreover, at this moment, he suddenly felt a little alert and asked carefully: "Sister, do you know more insider information? The price is obviously unreasonable. Why is Meiduo?"

"I don't know, I don't think it's reasonable," Xu Xin said quite calmly, "But the more unreasonable the one in our circle, the more you can't find out, do you understand? Who knows what factors affect the price?"

At this time, Duan Luting appeared on PC WeChat, replied "!", and said, "Senior, thank you!"

Chu Yuanxi was angry at first and then asked: "Why are you unwilling to sell to me? Are you afraid that I can't afford the price? Don't you never agree to sell it for less than 5 billion?"

Duan Luting grinned: "I agree because they are really willing to pay 1.8 billion."

Chu Yuanxi didn't type for a long time because he was seen through the truth. It was not the truth that was rich or not, but the truth that was willing to pay for money.

Of course, if you don’t type, you have to talk to Xu Xin. Xu Xin said: “In addition, your image is a little bit wrong with you recently.”

"Tell me quickly."

"You have recently offered this price today to invest in that tomorrow. So what else do you have to raise? At least ordinary investment institutions must think so. My fund managers advise me not to do Xiaokang's research. If you have time to investigate Xiaokang, you can make three more fresh and five snacks research reports, which will turn into investment returns in the future."

Xu Xin said this very hard, and Chu Yuanxi couldn't help but ignore it: "Your fund manager should let HR talk to him well."

Xu Xin almost jumped up in anger, "I think what he said makes sense! Don't I understand your little jiujiu? It's just that you are not short of money, so Xiaokang's valuation cannot be low, you have to rely on your price."

Speaking of this, she became a little patient, "You usually use this little trick. Now I will ask you a question. If you love investing so much, will the money you raise from us be transferred to invest? Why don't we invest directly? Why do we have to switch from you and then invest to others? Now funds are resources, how precious?"

The saying "Fund is a resource" shocked Chu Yuanxi. This was something he had never realized. It was difficult for people with 30 billion yuan to truly realize this!

Usually, investment is to make money. In the future, whoever can make money will invest more. This is the simplest logic, as long as it is legal. But now, the flow of funds may mean the life or death of a company, which means success in buying at the bottom or failure in replenishing positions, which highlights the value of capital, such as resources.

Chu Yuanxi learned more than this from this sentence. If you continue to think forward, then it will be easier for investment institutions to join forces and advance and retreat together. Because there are inseparable connections in this world, it is not new to Penguin Alibaba investing in a company at the same time, so it will naturally produce various synergy.

But this joint force has not been produced in Xiaokang now, because Xiaokang does not seem to need valuable resources such as funds at this special point in time. The reason is that Ba people have money, and the founders also like to vent money from the outside world!

Moreover, the pot cannot be picked. The investment of Baren in Pu Mingyi has nothing to do with Xiaokang, but Xiaokang did just invest in Xiaokang Southeast Asia and just went through the procedures yesterday. Although this investment is different from the investment in the ordinary sense, the fact is that the money Chuyuan Xilang went out and was transferred by others, which is of no use to Xiaokang's overall business in the domestic market.

This investment matter has been explained during the A round of financing, so it will not cause any criticism, but it will inevitably make people think so.

At this time, Duan Luting saw that Chu Yuanxi had not said anything, and said, "Senior? I really thank you. I'm sincere."

"Why?"

"Because I mentioned that the CEO wanted to acquire and offered a price of 1 billion, the other party, Mr. Zhang, immediately increased the price. He did not hesitate. He said he was frozen, but he agreed to have a serious talk around 1.5 billion without hesitation. Do you think I want to thank you?"

Chu Yuanxi, I was not curious about how this bubble could continue to blow from 1.5 billion? If it were someone else, it might be fascinated. It was obviously an impossible task? But he also had this skill, so he was not curious.

What he was curious about was: "You said just now that you mentioned me, and the other party compromised without hesitation for a second? What did you say?"

"Yes, I said that Mr. Chu of Baren Group hopes to acquire Tianxian Package and inject it into Xiaokang, and even talks with me about the integration method. I made this up. We didn't say who did the merger and acquisition that day, so we talked about the relatives on the production line in our family, hahaha."

Chu Yuanxi looked at the screen for about two seconds and said to Xu Xin on the phone: "Sister Xu, I may be regarded as a target by Meiduo."

Duan Luting's words confirmed the alert he had just become.

"Oh yes! I wanted to say it just now, I have the same feeling, pure feeling!"

"It's not like it, I'll chat with Duan Luting."

Then the two were silent together.

This problem is quite bad. Although it is called "High-off is not afraid of competition", it is bad. Considering the current size, Medo is a giant compared to Mido, and Medo's small shop is a competition that directly competes with each other's guns.

Fundamentally speaking, Chu Yuanxi's only opponent "feared" is Sinopec. Others like 724 and Mido, although they are direct competition, they don't need to be afraid. They give him another year of time to develop lewdly. Even if they only compare the store and sales, they are not afraid of Xiaokang.

The problem is that this year requires peace and security. If it is not safe, it needs to be able to survive. If you are targeted by a giant on the same track, there are two problems that are difficult to solve.

First, the other party is staring at your person and dig!

This is the most difficult to resolve because the so-called no-competition is often not easy to use. The other party can not poach your co-founder and cxo, or even project managers, and dig someone from the project team. If someone applies for resignation for ordinary reasons, it is impossible to guard against. There are many things in business that can be understood at all. When the other party is puzzled, it does not need to go to a cto on it. Ordinary employees may also click through it.

Therefore, this kind of poaching is not the value of an ordinary grassroots position, but has an extremely high premium.

It is precisely this reason that Chu Yuanxi has never provided internal functional explanations. During the entire development process, even Zhou Mingjun, the cto, who held the functional documents, only knew what to do, how to do it, and what effect it was OK, but why did he do it? If he wanted to do it, he could think about it himself, but Chu Yuanxi would not explain it.

Except for Chu Yuanxi, there are only Yuan Lu, Liu Lu and Xue Jianhua who have all document permissions in the entire Xiaokang.

But even if you are so strict in your defense, you are still afraid of aggressive poaching.

Second, the other party is right to you. The advantage of large-scale is that you can bully people. The so-called bullying is like Xiaokang opening a store next to 724.

It’s not that Xiaokang is larger than 724. The key is to do this, it’s clear that you are not as good as me. And Mido can also say the same thing to Xiaokang.

Every company has its own advantages, and the disadvantage of using its own advantages to fight local areas is to operate upright. The advantages of Xiaokang for 724, or temporary advantages, is that it has a membership system but 724 does not, and the advantage of Milestone 6 will be infinitely magnified. Even if 724 immediately launches its own membership system or directly counterfeit Xiaokang, it will not be able to catch up.

The advantage of Meiduo to Xiaokang is that Meiduo also has a membership system. Although there is a difference between it and Xiaokang, there is a system gap in terms of user experience, coupon flexibility and promotional sensitivity, but it has, not a difference of "existence or not".

Why is this an advantage? Because Meiduo is too powerful in other aspects! The number of stores, supply chain, channels, connections, funds, logistics, large and small stores configurations, etc. are all industry leaders.

Although Xiaokang is not afraid of competition, under this competitive pressure, the additional costs to be paid are too much, and there are too many expenses to be spent in the future.

The key is that they are really rich, and because they are huge in size and have many assets, they are rich in collateral and can get a loan at will. Xiaokang wants to take out a loan now? Sorry, please guarantee it!
Chapter completed!