Chapter 538 Chen Yansen: That’s 600 million! A bunch of lunatics, do they know how to do business?
In less than ten minutes, Chen Yansen arrived at 8 Stephen Road.
Temasek is only about ten times the size of Pudong International Airport. Whether traveling from south to north or from east to west, it only takes half an hour at most.
The car turned at the intersection, and the surrounding high-rise buildings disappeared instantly, and it entered a quiet manor in the bustling city.
Judging from the area and decoration alone, the living conditions of this former richest man in China are even better than Li Qianlong's.
At the entrance of the manor stand two white marble lions with auspicious cloud patterns carved on their bases.
Walking further in, a winding bluestone road passes through a camphor forest. The sunlight shines through the lush branches and leaves, casting mottled shadows on the road surface. The air is filled with a fresh scent mixed with grass, trees and soil.
An artificial lake is rippling with clear blue waves, and willows are swaying by the lake.
A small octagonal pavilion was built on the lawn, with a stone table and stone benches inside. A middle-aged man in his forties, wearing a loose Chinese short shirt, was staring at the lake in the distance in a daze.
Only when he heard the sound of wheels rolling by did he turn his head and look at the slowly approaching Maybach with burning eyes.
"Looking at the type of car he's riding in, he doesn't look like a young man in his early twenties." His wife joked with a smile.
He couldn't help but think of how his husband, at his age, loved sports cars the most.
“Maybe that’s what makes him special.”
Chen Tianqiao replied.
As soon as he finished speaking, he walked quickly towards the intersection where the bluestone slabs and the concrete ground met.
In terms of seniority, he is indeed older than Chen Yansen.
But in terms of achievements, he is far behind Chen Yansen.
Therefore, Chen Tianqiao did not dare to be arrogant and took the initiative to meet him.
"Click"!
Xiao Li ran out of the car and opened the door for Chen Yansen.
Chen Yansen stepped out of the car, walked a few steps forward, stopped opposite Chen Tianqiao, raised his right hand and said, "Mr. Chen, nice to meet you!"
"Mr. Chen, I haven't been involved in company affairs for a long time. If you don't mind, you can call me Lao Chen or Brother Qiao."
Chen Tianqiao waved his hand and said.
He suffers from severe anxiety disorder and has gradually withdrawn from the business circle since six years ago.
At an age when others are still struggling, he has already started to retire and enjoy his retirement.
There is no way. Compared with Lei Yijun, Chen Tianqiao is more like a cheater.
He was admitted to Fudan University in 1991, and completed all the credits ahead of schedule in just three years, graduating successfully.
He then joined a state-owned enterprise and was promoted to deputy general manager in the second year, and became the chairman's secretary in the third year.
According to the normal development trajectory, with his promotion speed, he may become the CEO of a state-owned enterprise within ten years.
But at this moment, the big boss who promoted him was suddenly transferred.
Chen Tianqiao didn't want to join the Central Bureau, so he chose to resign and join a securities company.
A year later, in 1999, he made 500,000 yuan by speculating in stocks.
At that time, this amount of money could buy 5 to 10 commercial houses in the inner ring of Shanghai.
But he did not use the money to buy a house. Instead, he used the funds to start a community website called Stame, and raised 3 million US dollars a year later.
In 2001, he became the agent for "Legend". In just three years, he took Shanda public. At its peak, its market value exceeded 5.5 billion US dollars.
At that time, in just 2005, Chen Tianqiao already had a net worth of over 10 billion.
At that time, Ma Liyun had just founded Alibaba, Lei Yijun was still a senior employee of Qiu Bojun, and Zhou Hongyi had just sold 3721 and started to establish 360.
This shows how fast Chen Tianqiao rose to prominence.
Of course, it’s still not good enough in front of Chen Yansen.
Because Chen Tianqiao just seemed to be cheating, while Chen Yansen was really cheating.
"Then I'll just call you Brother Qiao."
After hearing this, Chen Yansen replied with a smile.
"The weather is nice, come with me to enjoy the breeze and sun?" Chen Tianqiao suggested.
"Okay." Chen Yansen replied.
The two walked towards the pavilion.
The sun shines through the sparse clouds, making me feel warm on my body, and the wind carries the scent of grass and flowers.
Song Yuncheng followed silently behind.
Chen Tianqiao sat down on a rattan chair at the edge of the lawn and pointed to the empty seat opposite: "Mr. Chen, please sit down!"
He casually picked up the purple clay teapot on the table and poured tea into the cup. The amber tea soup was steaming, and the fragrance of tea instantly filled the air.
"This tea is the pre-rain Longjing tea sent from my hometown. Try it." Chen Tianqiao picked up the cup in front of him and took a sip.
At the same time, he glanced at Song Yuncheng, but Chen Yansen didn't introduce him, so he was too lazy to ask.
Chen Yansen took a sip and nodded in praise.
“Mr. Chen wants to buy Shanda Literature, and I have no objection.
In fact, the company had planned an IPO in July of this year. The team had been preparing for this for quite some time, and all the necessary materials were basically ready.
Chen Tianqiao's tone was filled with emotion. "But then the market environment changed, and after comprehensive consideration, we temporarily shelved this plan. Now that Mr. Chen is willing to take over, it may be a better way forward for Shanda Literature."
Before setting off, Chen Yansen conducted a detailed investigation on Shanda Literature and naturally understood what Chen Tianqiao meant by the changes in the market environment.
It’s simply that Ma Wenteng established Penguin Literature, which added an layer of uncertainty to Shanda Literature’s listing.
An online literature platform with limited profitability and facing challenges from Penguin will find it difficult to win the favor of investors even if it successfully goes public.
Rather than becoming a laughing stock after a bloody IPO, it is better to shelve this plan for the time being.
After all, for Chen Tianqiao, the profits brought by Shanda were not that much, but it was the investment field that made him earn a lot of money.
"This is the quotation prepared by the Strategic Investment Department of Senlian Capital."
Chen Yansen handed over a document.
"I won't look at it. Mr. Chen, please give me a price. If it's above my expectations, we can discuss the terms in detail. If it's too far off, we can save both of our time."
After Chen Tianqiao finished speaking, he picked up the cup and continued drinking tea.
Chen Yansen now realized that although this guy said that he would not interfere in the company's affairs, once he talked about business details, he was obviously very knowledgeable.
Loading!
Chen Yansen commented secretly.
But he was determined to acquire Shanda Literature, so he didn't bother to worry about it and immediately gave a number: "500 million."
He learned from the head of Goldman Sachs' securities department that Shanda Literature's target valuation was 600 to 800 million US dollars.
But times have changed. Under the pressure of Penguin Genesis and Baidu Zongheng, Shanda Literature's business growth and market share have declined.
500 million is just right!
Chen Tianqiao paused holding the teacup, then fell into deep thought.
He is a top student at Fudan University, and the fact that he was able to rise to the top of a state-owned enterprise within three years shows his extraordinary ability.
Shanda Literature’s core business and financial data are all in his mind.
The price of 500 million US dollars is a bit low, but he knows in his heart that there are more idlers in Shanda now than rats in the wheat field.
This can be seen from the stagnant business.
Should I sell it to cash in and cut my losses, or keep it and feed the rats?
With the current management, can they withstand the Penguins' offense?
In fact, he already had the answer in his heart.
Otherwise, Chen Yansen would not have been invited to visit our home.
"A price of 600 million is more reasonable, and this way I can give an explanation to other shareholders."
After pondering for a while, Chen Tianqiao spoke.
Chen Yansen suddenly found it funny and thought to himself: You have been pretending to be profound and conflicted for a long time, and I almost thought that you have really achieved the state of "being as quiet as a chrysanthemum". After all, don't you just want to raise the price?
As long as we are alive, who doesn’t love money?
So, Chen Yansen gave Chen Tianqiao the title of "histrionic personality".
But he could also understand it. After all, it was 100 million US dollars, not ten dollars or one dollar. He couldn't just say no.
"That's 600 million."
Chen Yansen agreed readily.
At this time, Shanda Literature's value was at a low point, and the price of 600 million US dollars was still cheap.
When Penguin paid to acquire Shanda Literature later, its market share was even lower than it is now, and it still cost 800 million US dollars.
Chen Yansen bought Shanda Literature, on the one hand for the content construction of Douyin and Mimo, and on the other hand to suppress Qiandu and give Pony Ma a loud slap in the face.
Ma Wenteng first copied Orange Pay, then Yu'e Bao, and then Douyin. Do you really think he has no temper?
Seeing that Chen Yansen agreed so readily, Chen Tianqiao couldn't help but wonder: Did he quote a too low price?
But the words have been said, and if I continue to bargain, I will really become a clown.
Chen Tianqiao nodded, refilled Chen Yansen's cup with tea, and then stopped talking about Shanda Literature. Instead, he asked Chen Yansen about his entrepreneurial experience.
After all, the retelling of others and the reports of reporters cannot be as true as the personal account of the person involved.
Seeing that the other party was curious, Chen Yansen picked out a few paragraphs to talk about.
From Fox Tao to Orange Technology, Pinbei Mall, and then to Yunsu, Tiangong and Xingyuan Technology.
His statement was straightforward and sounded calm, but in just a few words, his net worth increased from over 200,000 to over 600 billion.
"Mr. Chen, have you ever calculated your shareholding ratio and how much it is worth in total?" Chen Tianqiao asked.
"Does it make sense? I can't spend it anyway." Chen Yansen picked up the teacup, took a sip and said.
Chen Tianqiao looked at Chen Yansen and felt like he was seeing himself in his twenties, holding endless money in his hands.
It’s just that Chen Yansen is more successful than himself.
As the two chatted, the sky gradually darkened.
Chen Tianqiao invited Chen Yansen to have dinner with him.
It was not until nine o'clock in the evening that Chen Yansen returned to the hotel by car.
The next morning, Chen Yansen and Song Yuncheng returned to Xucheng on a Gulfstream 550.
There were more than a dozen people in the group when they came, but when they left, only he, Song Yuncheng, and two security guards were left.
The rest of the people stayed in Temasek to handle the follow-up work of Lazada.
at the same time.
Ma Liyun, Pei Yi and Li Yanhong became increasingly jealous as the fight went on, and the subsidy scope of the four food delivery platforms was expanded again, from Jiangsu and Zhejiang, Sujiang, Hui'an and Shanghai, to the entire East China region.
The subsidy funds burned by the four food delivery platforms every day directly exceeded 160 million!
Sanpower Group got involved for two days, but on the third day they couldn't stand it anymore and angrily yelled, "What a bunch of lunatics! Do they even know how to do business?"
(End of this chapter)
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