Chapter 151 The End of an Era, the God of Wealth in the Eyes of Venture Capitalists (asking for monthly tickets)
Five days later, September 23rd.
Alibaba's brand department officially announced that Ali will acquire FoxTao, the domestic shopping guide e-commerce website with the largest market share, through equity swap, in conjunction with Rakuten and Augusta Capital.
The 74.48% stake held by Senlian Capital (Chen Yansen) was purchased jointly by Ali, Lotte and Augusta.
Chen Yansen successfully cashed out 12 billion yuan in cash in this equity transaction.
Although he still has to pay more than ten billion in taxes, Chen Yansen's 10 billion worth of assets is finally real and no longer just a valuation or market value.
As for the equity held by Penguin and Thinking Capital, the transaction was extremely low-key, but it was exposed by industry insiders within two days.
Penguin made 2 billion yuan! Thinking Capital received 1 billion yuan! For a time, domestic investment institutions all set their sights on Chen Yansen and his Orange Technology.
This is not a 19-year-old man, he is clearly the God of Wealth! The co-founders of DST, IDG and Sequoia Capital all called to greet him, implying that as long as Orange Technology is open to financing, the terms can be negotiated.
Let Chen Yansen name any price and they will go and raise the money immediately.
Zhou Shouzhi couldn't sit still and sent Chen Yansen a price list for purchasing electronic components that night.
As long as Orange Technology agrees to DST's request for a stake, DST's boss promised to personally visit Qualcomm, Sony and other companies to help him cut the bulk purchase price by 10%-20% based on this quotation.
At the same time, the settlement period can be extended from 3 months to 6 months.
IDG Ventures also has abundant resources in the smartphone supply chain and can help Orange Technology integrate the supply chain and strengthen cost control.
After a brief thought, Chen Yansen asked Zhou Shouzhi and IDG's investment director Dong Shun to prepare the valuation offer.
If it were someone else, they might have rejected the financing requests from IDG and DST, but Chen Yansen would not be so stupid.
He is well aware of the benefits of making the pie bigger. In addition to investing in mobile phone manufacturers, these venture capital institutions are also involved in a large number of chip, battery, screen and camera suppliers.
By introducing their funds and resources, Orange Technology can not only optimize the supply chain, but also reduce material costs and increase gross profit margin.
After finishing the work in Hangzhou, Chen Yansen led his men back to Xucheng.
The three major portals and the homepage of Penguin News were flooded with reports about Chen Yansen and FoxTao.
Originally, Chen Yansen was only famous in the e-commerce and Internet circles, but this time he completely broke out of the circle and his popularity among the people soared.
The 19-year-old boy is 1.86 meters tall, tall and handsome, and has a net worth of tens of billions.
These keyword combinations instantly ignited Chen Yansen’s online popularity.
Affected by this, the pre-sale volume of Orange mobile phones hit a new high, exceeding 3.3 million, and the estimated delivery period was postponed to five months later.
At that time, Xiaomi mobile phone had been on the market for almost a month, and sales had barely reached 500,000.
When Chen Yansen and others returned to Xuyuan, it was already 6:30 in the afternoon.
The sky gradually darkened and the evening breeze was slightly cool.
"Boss, I'll go back first. I'll take care of the tax issues for the equity transaction."
After getting off the car, Gao Weilin said to Chen Yansen.
"It's been hard work. I plan to open the A round financing window for Orange Technology. I will be busy next."
Chen Yansen rolled down the car window and gave instructions to Lao Gao.
"No problem." Gao Weilin smiled and turned to leave.
"Are we going to the Entrepreneurship Park?" Song Yuncheng asked in a low voice from the driver's seat.
"Let's go for a visit." Chen Yansen responded briefly.
Chen Yansen is the boss and doesn't have to explain anything to his subordinates. However, after working together for a year, there is some finishing work that still requires him to step in.
At this time, the Entrepreneurship Park is brightly lit. Except for the noisy sounds of investment promotion and business phone calls, other workstations are silent.
“Tap tap tap—”
There were footsteps downstairs.
Xiang Pengfei stood up subconsciously and looked in the direction of the voice.
"Brother Sen!"
After seeing who was coming, Xiang Pengfei walked towards him quickly, then stopped again.
He originally wanted to ask Chen Yansen why he suddenly changed his mind when he had agreed not to sell the project.
But when the words came to his lips, he felt that his idea was too naive, so he just looked at Chen Yansen, speechless for a moment.
"What's wrong? Are you unhappy to see your boss making money?"
Chen Yansen patted Xiang Pengfei on the shoulder and joked with a smile.
A year ago, everyone gathered together to work overtime all day long in order to achieve 0-yuan bargaining and launch FoxTao 2.0 version.
As Chen Yansen's net worth soared, Xiang Pengfei and others found it increasingly difficult to call him "Brother Sen". People like Zhang Wenbo have already followed the example of Orange Technology's employees and started calling him "boss".
"No, we are all happy for you." Xiang Pengfei forced a smile and said insincerely.
FoxTao was built step by step from scratch by more than a hundred people.
Now that it's sold, how can he not feel bad? "Xu Dan! Call everyone over and have a short meeting!"
Chen Yansen instructed Xu Dan who was not far away.
After much discussion, FoxTao employees will be merged into Ali in parallel.
In addition to the customer service team, Ali is willing to accept other groups, such as the investment promotion team, category team and key customer team, which are the core assets of FoxTao and are the key targets for recruitment.
The FoxTao members who were distributed in more than a dozen entrepreneurial rooms walked out of the office one after another, stood in the open space on the second floor, and all looked at Chen Yansen.
Some people wanted to ask Chen Yansen why he deceived everyone at the beginning of the month, but until more than 160 people arrived, no one asked.
"Everyone should have read the news. The online reports are pretty close to the actual situation."
Chen Yansen took the initiative and simply admitted the fact that he had sold FoxTao.
He paused, and then continued, "Ali will send people to FoxTao next Monday, and each team leader will make arrangements. I know everyone is concerned about how your salary and benefits will be calculated after being acquired by Ali."
At this point, Chen Yansen paused and continued, "First, Ali will move Fox Tao to the Hangzhou headquarters in October. Students who don't want to or can't go to Hangzhou to work can get N+2 compensation."
"Students who are willing to join Ali, after October, except for the recruitment positions and editors, the salary of the team leader will be calculated according to Ali P7. The former head of Yitao, Dongxie Wu Ming, will serve as the general manager of the new Huli Tao business unit."
Chen Yansen did not hide anything and told everyone the plan he had obtained in detail.
Among FoxTao members, graduates and social recruits account for 40%, and they are quite happy.
After all, with their academic qualifications, the competition to pass the interview and enter Ali is fierce, and only one out of a hundred has a chance.
Now that we can indirectly join Alibaba, a leading e-commerce company, we naturally support it with both hands.
Senior students account for 20%. After hearing Chen Yansen say that ordinary members’ monthly salary starts from 16,000 after joining Ali.
Although the monthly housing subsidy of 20% of the monthly salary is gone, the four quarterly bonuses each year have become a once-a-year year-end bonus.
But faced with higher salary and benefits, most people still want to join Ali.
The remaining 40% are mainly customer service and editing, and are highly replaceable. Ali is only willing to accept the editing team.
But most of these people are sophomores or juniors and it is impossible for them to give up their studies for work.
"Brother Sen, can I transfer to Orange Technology? I just want to follow you."
At this time, Xiang Pengfei stood up and spoke with a serious face and sincere tone.
"Do you know what Ali P7 is? The monthly salary starts at 30,000 yuan, and including the equity portion, the annual salary is close to one million yuan."
Chen Yansen smiled and spoke slowly.
"A monthly salary of 30,000?"
"A million-dollar annual salary!"
"Ahri is really generous, giving the team leader this treatment!"
As soon as these words were spoken, the audience immediately exploded and couldn't help but discuss in low voices.
When Xiang Pengfei first joined the company, his monthly salary was 4,000 yuan. After three salary increases, it increased to 9,600 yuan. Even with a monthly housing subsidy of 20% of his salary, his pre-tax income was less than 12,000 yuan.
Now it has risen to 30,000! At this moment, Xiang Pengfei hesitated.
In 2011, a monthly salary of 30,000 yuan was a very decent income, the kind that would make parents proud.
Chen Yansen remembers that there was an aunt living in the Salt Company community. Her son joined Ali after graduation and she would brag to everyone that her son worked at a large Internet company.
"Brother Sen, how do we calculate the commission for attracting investment?" Zhang Yifeng asked.
"The commission system remains unchanged, but the base salary of the business recruiters and business recruiting team leaders will be adjusted, with the increase ranging from 2,000 to 5,000 yuan, depending on the performance achieved in Q2 and Q3."
Chen Yansen replied directly.
Ali also knew which were the core departments of FoxTao. The investment promotion group had good performance, so there was no need to make random changes so as not to affect the work enthusiasm of the business staff.
After hearing this, the forty or so investors felt relieved and smiled unconsciously.
"Does anyone have any questions?"
Seeing that no one said anything, Chen Yansen asked again.
"Brother Sen, will Ahri recognize the option agreement we signed earlier?"
Xu Dan raised his hand and asked somewhat embarrassedly.
After all, Chen Yansen had already arranged a way out for everyone, but she still mentioned options, which made people feel too mercenary.
"I have confirmed this with Ali. For the students in the customer service and editing teams, the number of options they hold is calculated based on 25% of the unfrozen shares, and the valuation is based on 20 billion."
"Students who are willing to join Ali will also have 25% of their options unlocked every six months. If they leave after working at Ali for one year, they can take away 75% of their options. At that time, Ali will also start the recovery process based on the real-time valuation of New Fox Tao."
Chen Yansen finished speaking in one breath, and many people showed joy on their faces.
The customer service team in particular understood that Ali would not accept them, and the 25% of options that had been unfrozen were at least 1,250 shares, which were worth 50,000 yuan based on the 20 billion valuation.
This is equivalent to their annual salary, plus N+2 compensation, which is more than 60,000 yuan.
For sophomores and juniors, this is undoubtedly a windfall.
The value of the options that have been unfrozen in the hands of Zhang Wenbo, Xiang Pengfei, Zhuang Rui and others is as high as 1 million.
Even if they don't join Ali, they can still get options and severance pay worth over 1 million.
"That's all for now, let's go."
Chen Yansen waved his hand and said nonchalantly.
In his opinion, being able to enter Ahri in a roundabout way is the best option for these people.
It is only 2011 now. After working hard for a few years in Ali and taking advantage of the momentum of Ali's listing, everyone can become a millionaire or even a billionaire.
After Chen Yansen finished speaking, everyone still stood there and did not leave.
They were originally unhappy because Chen Yansen had sold both himself and the company, but when they heard that they had sold it for such a good price, they were extremely happy.
With a monthly salary of 16,000 yuan and a year-end bonus, this income is definitely top-notch among the graduates of Xuyuan.
"Sister Dan, I will send you my resignation application later. Please review it as soon as possible."
Wang Zihao grinned and said indifferently.
He is Chen Yansen's best friend, so naturally he has to follow Chen Yansen. Ali's million-dollar annual salary could not shake him.
"Okay." Xu Dan was stunned for a moment and answered after a while.
"Boss Sen, I'll follow you." Song Yuncheng opened her mouth. For some reason, she couldn't call out the two words "Brother Sen", but her eyes were extremely determined.
Among the team leaders, only Wang Zihao and Song Yuncheng stood up.
Everyone else was in a state of hesitation and entanglement.
Chen Yansen smiled and said nothing.
This is why he never talks about feelings. Everyone should just talk about money. There is no need to play tricks with moral blackmail.
In addition to the Orange phone, he did have other projects in mind, but he didn't reveal a word.
Some people also want to stand up and be loyal like Wang Zihao, but when they think about giving up their job with a monthly salary of 30,000 yuan and not being able to explain to their parents, they can only stand where they are honestly.
"Class monitor, is Orange Technology still short of administrative staff?" Xu Xingxing was silent for a moment, then stood up and asked with a smile.
"Report to the Science and Technology Park tomorrow." Chen Yansen nodded and responded with a smile.
"Brother Sen, I also want to go to Orange Technology." Editorial team leader Du Yaoyao squeezed out of the crowd and said seriously.
"You are a graduate. Ahri will give you a P6+ salary, which means you will earn 600,000 before tax. Think about it after you go back."
Chen Yansen shook his head.
Xu Xingxing frowned and felt unhappy: What do you mean? Could it be that the monitor thinks no one wants me? Du Yaoyao didn't expect Chen Yansen to refuse. These words calmed her down. She nodded and retreated.
"It's getting late, let's go have dinner. Life is like this, one journey after another. I wish you all a bright future."
Chen Yansen waved his hand, turned around and went downstairs without even entering Room 206.
The era of Fox Tao under his management has come to an end. From now on, Fox Tao will become a branch department of Ali.
(End of this chapter)
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