The two sides agreed upon the first meeting, but the specific financing will take a week later, because a new round of financing requires consultation with previous investors.

In this regard, Bluestar Technology said there is no problem.

After Zhang Xuhao sent Pang Lei away, several young co-founders screamed excitedly in the office, and finally released the excitement he had suppressed before.

Anyway, there are no outsiders anymore.

After calming down his excitement, Zhang Xuhao immediately called the previous investment institution and explained the general content of the matter.

The previous VC agreed without hesitation after learning the news. It was nothing more. Although Blue Star Technology wanted 40% of the shares in one go, the original shareholders must have been diluted in large quantities, but the overall valuation directly soared from nearly US$100 million to US$750 million.

The more important reason is that the investment risk has dropped sharply, because the signboard of Blue Star Technology is too loud and it also gives WeChat a first-level traffic entrance.

There is no doubt that with the entry of Blue Star Technology, Ele.me's prospects are brighter than ever before.

After Zhang Xuhao obtained the attitude of all shareholders, he confirmed that it was correct and was able to contact the strategic investment department of Blue Star Technology the next day. Pang Lei directly gave him a positive reply. Five days later, Blue Star Technology staff will visit him, sign the contract, and remit 300 million US dollars in cash to Ele.me's company account on the same day.

With this money, Zhang Xuhao believes that the company's ammunition is so abundant that it doesn't have to consider e-round financing in the next three or four years.

It is best to be able to list IPO after the D round of financing, but he also knows that there is basically little hope. After all, IPO can be realized after the C round of financing like Bluestar Technology, and the initial public offering exceeds US$5 billion, which is an extremely rare example in the history of global Internet development.

Looking at the development history of the world's Internet industry, in the past decade, only two companies have made brilliant achievements in IPO that have caused the world's sensation, and are now famous technology giants in the world.

One is Google, and in 2004, IPO achieved a $2.7 billion financing.

The other one is Blue Star Technology, which in 2006 created a financing miracle of US$5.6 billion.

In the first decade of the new century, Bluestar Technology and Google were praised by the world as "gemini" in the global Internet industry. In this decade, there is really no more shining than these two newly emerging Internet companies.

After Zhang Xuhao finished his phone call with Pang Lei, he sent an email within the company. Currently, Ele.me has 1,283 employees.

The content of this email roughly means that the company has negotiated a Series D financing of 1.88 billion (US$300 million) with a valuation of 4.7 billion (US$750 million). This news caused a lot of sensation within Ele.me.

Zhang Xuhao sent this email to stabilize the morale of the army. After all, the company is in the entrepreneurial stage. Even if it has prospects, it is still based on the premise of painting a big cake. Employees are worried that the company will not raise money and will not even pay their wages at that time.

The news soon spread from within Ele.me, which attracted great attention in the industry for a time, including competitors and many investment institutions.

This is the largest single financing case set by the Internet industry since 2013, no wonder it has caused a sensation in the industry.

Everyone was curious about who was so rich and inhumane, but Zhang Xuhao did not disclose the information of the investor in the email, but said, "The investor is the most generous investment institution and the top Internet company in China." The specific details will be officially announced to the public on Tuesday, February 19.

This news also made Ele.me takeaway company the most popular star in the circle nowadays. Many media and industry insiders began to analyze why the online food ordering business is so favored by capital.

Before the industry could digest this news, on February 16, another large amount of financing broke out in the Internet technology circle, which directly broke the scale of Ele.me's financing.

Meituan held a media conference on the 16th. At the press conference, founder Wang Xin officially announced that the company entered the takeaway industry and announced that it had completed a C-round financing of US$700 million, with Meituan's valuation of US$3 billion.

The last round of financing was still two years ago. It was valued at US$220 million, and now it has become a unicorn company. A major information revealed at the press conference made Meituan the focus of the industry now.

That is, this round of financing was led by Bluestar Technology Group, followed by Alibaba, Pan Atlantic Investment, and Sequoia Capital.

Bluestar Technology alone spent $500 million, which is considered inhumane.

But the most important thing is that the four words "Blue Star Technology" have too much influence.

As time went by, on February 19, Ele.me finally disclosed the information of the investor, and the investor was Bluestar Technology Group.

By this day, the industry had changed from initial curiosity to destiny.

Because it was flooded with news of Meituan's C round of financing in a few days, and the time went by a few days ago, Zhang Xuhao disclosed the information that the investors were the most generous investment institutions and the top Internet company in China.

After thinking about it, and with Meituan's C round of financing, it also announced that it would enter the takeaway industry, Bluestar Technology is undoubtedly the most in line with this sentence.

In late February, media reports revealed that Alibaba once again led the investment in Dianping and completed its e-round financing. The amount of financing was not announced to the public. The followers include Sequoia Capital, Tengxun and Bluestar Technology.

As soon as March began, the Internet broke out again in financing news. Didi Taxi completed a US$25 million Series B financing, and the investor was Blue Star Technology.

In less than three days, Kuaidi Taxi also announced that it had completed a US$1,500 Series A financing, led by Alibaba and followed by Jingwei Venture Capital.

No one expected that the domestic Internet technology circle would start so violently in the new year. The two major domestic Internet giants began to "snatch land" in a crazy way. In just one month, the two Internet giants took frequent moves.

Affected by this good news, the Science and Technology Innovation Board and Internet concept stocks of the big A-shares have directly ushered in three consecutive daily limit increases.

The market and the entire Internet industry suddenly became hot, which was unexpected, but reasonable.

People look back at the strategic reconstruction of Blue Star Technology Group last year, which is already good news. The reason why A-shares were not stimulated at that time was because everyone thought Blue Star Technology would be severely hit by Wall Street airdrop institutions.

Then Blue Star Technology won a big victory, and the bears left the market in disgrace, but the entire market did not fluctuate significantly, and entered a stable period.

After all, the New Year has entered, and everyone is rushing to celebrate the New Year.

In mid-to-late February after the Chinese New Year, one of the top Internet giants in China spent money crazily. The capital winter in the Internet industry seemed to disappear overnight, directly igniting the investment enthusiasm of the entire industry.

It is worth mentioning that real estate giant Wanda Group has also joined this investment boom and began to take action in the Internet industry, with a strong attitude of staged a "Three Kingdoms War".

As time goes by, by March, greater positive news stimulated the obvious signal that big A-shares went from bear market to bull market.

That is, the concept of "Internet+" has become a national strategy.

During this period, the market has been in the world for three consecutive years. The Shanghai Stock Exchange Index fell 7.15% overall, the Shenzhen Index fell 11.58% overall, the SME Index rose 18.45% overall, and the ChiNext Index rose 92.81% overall, of which 80% of the increase was set in the past half month.

...

Hangzhou, Alibaba headquarters.

"If you catch a little brother, I will also catch one. Soldiers and generals will fight against you. If this continues, we will not be able to compete with Blue Star Technology." Mr. Zhang, the Xiaoyaozi, who attended the meeting, said with concern.

"This is not a matter of finality, nor is it a matter of whether to fight or not, but a matter of having to fight." Mr. Ma sighed deeply and sighed: "Look, news broke out again today. Jingdong announced that it had completed a $1 billion e-round financing, and the investor was Blue Star Technology, and it invested exclusively for $1 billion. Luo Sheng has already burned the war to my hinterland."

The executives attending the meeting were also quite solemn. In the past years, Alibaba's managers were very puzzled. Why did Bluestar Technology fight against Teng Xun and Baidu fight against him just not play with Alibaba?

It seems that I look down on e-commerce. Some industry insiders joke that way, but this is also the reason why Alibaba can rise.

In fact, it’s not that Luo Sheng doesn’t want to, but that he has limited energy.

At that time, Bluestar Technology was almost focused on international markets, especially North American markets, because after 2010, as China's manufacturing scale reached the world's first place, the attitude of the United States began to change, and it would be difficult to deploy the global developed markets, especially the North American market.

The mainland market has never been Luo Sheng’s focus before. After all, in his eyes, the mainland market can be taken anytime, and it’s so confident.

Although it was a little late, I did my best to "socialize" my skills and do the rest. The cost of entering later must have soared significantly. However, I have made a lot of money in the international market over the years, and it is not a shortage of this increase in costs.

The problem that can be solved by spending money is basically not a problem with Luo Sheng.

In the conference room, Mr. Ma, who was sitting in the chief, spoke with a smile and a relaxed tone: "There is no need to make it look like a big enemy. This time the competitor is indeed very terrifying, but no matter how bad the situation is, it will not be worse than when the IT bubble burst around 2001, and the company almost died at that time."

Ma is always a master of oratorship, and boosting morale is his specialty.

"Although Blue Star Technology is so powerful, it is difficult to turn the rudder, and it is difficult to adjust its posture. Blue Star Technology itself also has big problems. Although it has more than 200 billion US dollars in cash on the books, the debt burden it bears has set the highest in the company's history. The three major strategies are more cost-effective than the other, and we cannot be regarded as Blue Star Technology's number one rival."

"Blue Star Technology's number one rival is the group of technology giants in Silicon Valley, so it is impossible to concentrate all its energy on competing with Alibaba unless Luo Sheng is willing to give up the entire national market and shrink in the mainland, but this young man will never shrink in the mainland. The company's scale, the company's philosophy and the expectations of the people that the company carries will not allow Luo Sheng to be a turtle."

"Look at Bluestar Technology's cloud computing business, the North American data center would rather burn billions of dollars to maintain and be vacant and not sold to Google. This is a very obvious signal, so it would be great that Luo Sheng could free up one-tenth of his energy to fight against me, Alibaba. Why did he invest in Ele.me, Meituan, Volkswagen, Didi, Jingdong, etc. keep attacking? Because of his limited energy, he can't control it and cannot get out of the situation in person, so he has to win over a group of brothers from the outside."

After Mr. Ma said this, the managers attending the meeting nodded involuntarily, and their confidence suddenly increased a lot.

That's right, Blue Star Technology's size is indeed more than three or four times that of Alibaba, but the opponents it has to face may be as many as thirty or forty times that of Alibaba.

Mr. Ma added: "Of course, in tactical terms, we still need to pay enough attention to our competitors. In 2013 or next year, the group company should formulate a prospectus to launch the IPO listing plan. This year and next two years are the best time nodes for Alibaba. It just takes advantage of the current good situation to complete the IPO financing a large amount of money. Only with sufficient reserves of ammunition can we have the confidence to not be afraid of the opponent's competition!"

...
Chapter completed!