Chapter 189: Unexpected Smooth Combo
Shanghai, Hongqiao International Airport.
"... It's okay, Mr. Xu, financing is something both parties have to consider, I understand... OK, then I look forward to the opportunity to cooperate in the future."
After hanging up the phone, Meng Bai couldn't help shaking his head and smiling.
"Why, didn't Xiyin accept financing?" Chen Jing asked beside him.
"Yes. It is said that the company's business is mainly overseas, so it hopes to introduce some overseas funds."
Chen Jing frowned: "It should be that they still think that our funds are too small. After all, their financing amount in this round is 300 million."
"Maybe." Meng Bai took a long breath, "Forget it, since they refused, don't care about the reason, and prepare for the next negotiation. Tsk, why hasn't Huahua come back from buying a drink yet?"
"Maybe there are too many people queuing." Chen Jing smiled and said: "It's the end of the college entrance examination and it's summer vacation, so there must be more tourists than usual."
"That's right."
Meng Bai took a look at the flow of people at the airport. It was indeed quite a lot, and there were queues everywhere.
"By the way, Sister Jing, how is the stock market today?"
Chen Jing shook her head, with a sympathetic expression on her face: "In one word, miserable."
As she said that, she took out her mobile phone and clicked on the securities software. The screen suddenly lit up with a green light.
"Yesterday, the higher-ups issued an announcement to continue to strictly investigate the off-market financing ports. As soon as the market opened today, the Shanghai Composite Index fell directly below 4,000. Of the 2,800 listed companies in the two cities, less than 200 rose, and more than 1,700 fell to the limit."
Meng Bai glanced at the data, and even though he didn't invest any money in it, he couldn't help but be shocked.
In the past twenty days, the entire stock market has been full of grief. Almost all investors, including those professional institutions, have been taken away by this wave of stock market crash.
Not to mention the various wailings on the Internet, every time he clicked on his WeChat Moments recently, he could always see various complaints and pity.
He had reminded Wang Wei and Wu Bai before, asking them to stop while they were ahead.
Wang Wei had a small amount of capital and didn't make much money, so he withdrew early when he felt something was wrong.
The amount of money in 500 yuan was large and the return was high, so I was reluctant to leave. I only took out half of it and left about 1 million yuan in it.
As a result, this wave of "avalanche" hit me and I fell directly to a state of confusion. I didn't dare to fight anymore, so I quickly escaped when the stock rebounded in the first few days.
Fortunately, because I had left half of it before, I still made a profit overall.
But there is a "psychological anchor point" in playing stocks. From making 100,000 yuan to making 50,000 yuan, it is equivalent to losing 50,000 yuan, and there is no joy of making money at all.
The entire market collapsed, and individual stocks naturally could not escape.
The original stock price trend of Leshi.com was the same as the market, rushing straight to the sky, and now it is also diving down.
From the highest point of 179 yuan, it fell to more than 140, and it went back to the beginning of the year.
Fortunately, Leshi Pictures is not listed, so the real-time valuation cannot be seen.
The shareholders who participated in it before are now holding a fluke mentality-as long as there is no transaction, the valuation will remain unchanged, and they will not lose money.
Otherwise, sometimes people are not as good as ostriches. At least they dig holes to find food and water, not to bury their heads.
Qin Lan called Meng Bai and said that he was very grateful that he left early, and expressed his "sympathy" for Liu Tao by the way - about two sentences.
The collapse of the secondary market also led to the sluggishness of the primary market. In the past half month, all kinds of VC and PE transactions have dropped sharply.
All capital parties are dealing with this "bull-bear conversion" and have little energy to engage in other businesses in the short term.
However, for Meng Bai, this is a rare opportunity.
After waiting for more than half a month and making it clear that there is no hope for A-shares to rebound, he began to contact several start-ups that he had been optimistic about before.
First, in Beijing North, Meng Bai took a fancy to a short video company called "Kuaishou". They completed the A round of venture capital last year, with a financing amount of 10 million US dollars.
Qiming Venture Partners' capital volume is more than 30 million, which is about 5 million US dollars according to the current exchange rate.
So if we refer to the amount of the last round of financing, there is still a chance to enter the market.
Unfortunately, after we went to talk, we found out that they received another follow-up investment from Sequoia Capital this year, and the amount was directly raised to 100 million US dollars.
This money is enough for Kuaishou to burn for more than a year, so now the investment of several million is no longer needed. If
one company doesn't work, switch to another one. Meng Bai has other alternative companies, including Xiyin, a cross-border clothing e-commerce company located in Guangzhou that mainly deals in fast fashion.
Unfortunately, so far, each company has more or less some problems, and none of them has reached a cooperation.
Meng Bai had already expected this situation, so he didn't feel particularly disappointed.
Crossing out those who refused to cooperate, there was only one company left on Meng Bai's list of companies.
So while the post-production of "Forensic Qin Ming" was almost finished, he flew to Shanghai with Chen Jing, Hua Yan, and the hired legal staff.
After waiting for a while, he finally saw the assistant coming back with a few cups of milk tea, coffee and lemonade.
Everyone thanked him and took a cup each.
"Brother Meng, your lemonade."
Meng Bai took it and asked casually, "Are there a lot of people queuing up?"
"Super many!" Hua Yan frowned, "I don't think there is any need to find other investment projects. Investing in a milk tea shop is the best."
Meng Bai smiled. He had actually considered the milk tea project.
Although he himself did not like this kind of milky drink, most people liked it.
However, it was a little late to enter the market now. Companies like Heytea, Nayuki, Cha Baidao, and Mixue Ice City have all started to operate chain franchises on a large scale.
After taking the luggage, the group met with the driver who had been booked in advance. First went to the hotel, had a simple meal, washed and packed up, and then went straight to the Jinhongqiao International Center in the CN area. After
parking the car and asking the driver to wait downstairs, Meng Bai took Chen Jing and others into the building, looked at the floor nameplate, and took the elevator to the 28th floor.
As soon as he came out, he saw the company name hanging in the corridor-Shanghu Xunmeng Information Technology Co., Ltd.
In the corner, there were also several roll-up banners with game posters.
Meng Bai recalled the information he had read before. This company started out as a game company. At the beginning of this year, it transformed and incubated an application called "Pin Haohuo". The main business is online group buying of fruits, which is a relatively new e-commerce model.
To be honest, this company itself is not very famous, but its boss Huang Zheng is well-known in the business capital circle.
When he was studying computer science at Zhejiang University, he was often in a technical community because of his outstanding ability. Because he helped "netizens" solve a technical problem, he met Ding Lei of NetEase.
Later, under Ding Lei's introduction, he met Duan Yongping, the founder of "Little Overlord" and "BBK" that were popular all over the country at that time.
Duan Yongping valued Huang Zheng very much, and even took him to the auction lunch with Buffett, which was a guide.
After that, Huang Zheng went to work at Google for a few years, and then resigned and returned to China to start a business. Three times, the most recent project is this group buying of fruits "Pin Haohuo".
However, what attracted Meng Bai in the beginning was not the business of this company, but the investors of this company.
Duan Yongping, Ding Lei of NetEase, and Wang Wei of SF Express are all bigwigs in the domestic capital circle.
It is nothing to say that these three people would invest in Huang Zheng, after all, they have connections and contacts here.
But what is strange is that the total investment of these three bigwigs in Pinhaohuo is only 6 million US dollars, which makes people a little confused.
If you say you are not optimistic, all three of them have invested money. But if you say you are optimistic, it seems that this amount of money cannot build an e-commerce platform.
If you don’t understand, there is no need to force yourself to think about it. After all, there is a lot of information gap here.
Meng Bai, who was a little curious, decided to come here. It is much better to ask on the spot than to figure it out by himself.
(End of this chapter)
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