Chapter 249 Capital Boss is Nothing

In mid-August, Lawang’s stores in the four first-tier cities all began operations.

The early personnel changes alone left Yuan Li with a few more crow's feet.

As it concerns the valuation of the next round of financing, Yuan Li deliberately selected the best and brightest talents from within the company.

The original 21 store managers, plus some outstanding deputy store managers.

He was dispatched to four first-tier cities to serve as store manager.

Among them, there is Meilin.

As an elite talent, Meilin performed very well and was always noticed by Yuan Li.

From a high school dropout to a working girl to a store manager with an annual income of one million.

Meilin's resume is legendary.

Thanks to Lawang’s sufficient cash flow.

Qi Sheng directly configured them fully according to the elite level of store manager and the ordinary level of deputy store manager.

The emperor is far away and the mountains are high, so there are talents provided by the system.

Only Qi Sheng, a hands-off boss, can do his job with peace of mind.

These 24 stores have been doing very prosperous business since their opening.

The population of first-tier cities is sufficient to ensure the lower limit of passenger flow.

The per capita consumption of 249 is also at a medium level.

After all, white-collar workers in big cities have an income of seven or eight thousand.

This price is still affordable.

The most important thing is the taste of Spicy King.

Whether you like the spicy Sichuan and Chongqing flavor or the clear soup tomato base.

Once you’ve checked in at Lawang, it’s hard not to get high.

Delicious + 100% buff, the effect is so powerful.

In terms of service, Lawang is also not bad.

The taste crushes many local hotpot brands.

It would be against the will of heaven if you don’t become popular.

With these 24 stores, the turnover rate has reached 4 times.

The net profit margin also reached the baseline of 20%.

The combined daily sales of all Lawang stores reached a terrifying 18 million.

This does not include weekends and holidays.

On average, the monthly turnover can reach 600 million.

A rough calculation based on a 20% net profit means a monthly profit of 120 million.

After all, Qi Sheng has a system to help him cheat.

The net profit is higher, which is reasonable, right? Previously, Lawang offered a sky-high valuation of 10 billion US dollars.

Many venture capitalists feel that the price is a bit inflated, or even a dream.

However, as the number of Lawang stores reached 45, sales continued to rise.

The net profit is even more impressive.

Many venture capitalists who were still waiting and watching suddenly became restless.

Start to continuously increase the expected valuation.

No one dares to mention 5 billion US dollars.

This kind of cash cow company that can generate stable profits even before going public is naturally a hot commodity in the capital market.

Countless venture capitalists are racking their brains, trying to get on board and make a fortune.

Someone who was well-informed found Wang Han and his team and helped to make the connections.

Qi Sheng was extremely annoyed and he didn't feel quiet until he turned off the SIM card in his cell phone.

Wang Han played billiards with Qi Sheng, and his tone was teasing but he could not hide his envy.

"Next time someone comes to you, just help me push them away."

"If you can't even give up the $10 billion valuation, there's no need for you to come see me."

Qi Sheng didn't care about Wang Han's teasing at all and scored another clean shot.

"How many innings has it been? I'm just teeing off. Can you give me some sense of participation?"

Wang Han looked at Qi Sheng putting the black eight into the pocket again, and his eyes were filled with resentment.

"Who made you such a bad boy?"

Qi Sheng didn’t give Wang Han a chance.

But the opponent's level is not even that of an amateur.

If I play with ordinary people, I'm not too bad.

But when playing with a cheater like Qi Sheng who has almost maxed out all his skills, you can only be abused.

Even if Ding Junhui came, I would have to stand by and watch his performance with a pool cue in hand.

"I don't want to play anymore. It's more interesting to play with Lao Fu and the others."

Wang Han suddenly lost interest in billiards and missed his friends who were also noobs.

"Let me make a phone call first."

Qi Sheng returned to the rest area and drank some water. He saw a missed call from an old friend and called back directly.

"Mr. He?"

"Mr. Qi, are you still in the Magic City?"

"I played billiards with my friends."

"Then give me a seat, and I'll tell you in detail when I get there."

"Come directly to Crystal Shining Qiantan T6. We are on the top floor."

Qi Sheng hung up the phone, but he knew exactly why He Yu came.

It's nothing more than wanting to lock in a ticket in advance.

Qi Sheng didn't mind giving his old friend a chance to make a fortune too.

It doesn't matter whose money you take, you can also do them a favor.

…

When He Yu arrived, Qi Sheng was drinking tea with Wang Han.

"Director Qi, your company rents an office here?"

"rent?"

Qi Sheng smiled and shook his head: "I have already bought this building."

"Fuck, are you kidding me?"

He Yu was stunned. "This is Qiantan. The cheapest one would cost at least a few billion, right?"

"Lao He, you are too narrow-minded."

Qi Sheng smiled and pressed his hand, motioning He Yu to sit down.

"It's only 2 billion yuan. It's not something that can be easily earned."

"Well…"

He Yu and Wang Han looked at each other and both had the urge to strangle this guy to death.

"Director Qi, I believe you also know the purpose of my visit this time."

He Yu didn't beat around the bush and went straight to the point.

“We are willing to accept a valuation of $10 billion and will invest $200 million.”

"As long as the due diligence process is completed, the funds will be credited within a week at the latest."

"Lao He, I was right about you. You deserve to earn this money."

Qi Sheng smiled and shook his head, his tone full of emotion.

He originally thought that the first to reach an agreement would be a large capital giant like Sequoia.

As a result, the small-scale Black Ant Capital gave him a surprise first.

"We also have to thank Mr. Qi for the two star projects we invested in previously."

"Pop Mart exited smoothly, Lawang's valuation soared again, and the second round of fund raising went smoothly."

He Yu chuckled and said, "Otherwise, I can only watch others eat meat and drink soup."

"Then on behalf of Lawang, I welcome Black Ant Capital's follow-up investment."

Qi Sheng stood up and extended his hand to He Yu with a smile.

"This is a win-win cooperation for us."

He Yu breathed a sigh of relief, shook hands with Qi Sheng, and asked curiously, "Besides us, have other venture capital firms given this valuation?"

"There will be some movement from Sequoia soon. I guess they didn't expect Mr. He to move so quickly."

Qi Sheng made a cup of tea for He Yu.

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

"Goldstone Capital will lead this round and is expected to invest US$400 million."

"Haha, then President Su will be depressed again. The share left for them is just a small piece, neither more nor less."

He Yu knew very well that Qi Sheng would not release too many shares.

The share left for Sequoia will not exceed 4% at most.

Speak of the devil, Su Kai also rushed to the Magic City.

He obviously also knew who the real decision maker was.

"Director Qi, do you want to reconsider this?"

"We at Sequoia are very sincere. You have to give us at least 5% of the shares!"

Su Kai was originally full of confidence and planned to take on the big challenge in one go.

Unexpectedly, He Yu launched a sneak attack.

Reached a consensus with Qi Sheng first and locked in 2% of the shares.

Minus the 4% left for Jinshi Capital.

At most, they can only get 4% of the shares.

Even if we add the 3% from Round A, it’s still less than 10%.

This is quite different from the goal he and Mr. Shen had promised before.

"Boss Su, 4% of the shares is already a lot."

"Including old shares, your stake is close to 6%."

Qi Sheng smiled and consoled: "Could it be that you still want to become the largest shareholder?"

"That's definitely not possible. We never participate in the specific operations of investment companies. We are purely a financial investor."

Su Kai waved his hands quickly, not daring to have such thoughts.

He doesn't know much about Qi Sheng.

But he is definitely a very controlling person.

He would rather use Jinshi Capital's money than accept their additional investment.

It is enough to see that this person will not voluntarily give up control of the Spicy King.

Encountering such a tough company boss.

Su Kai was helpless and had to call Mr. Shen from Sequoia for instructions.

Shen Nanping, who originally didn't pay much attention to Spicy King, suddenly became interested.

"Boss Su, please make some arrangements. I want to talk to Chairman Qi tonight."

"OK."

Su Kai hung up the phone and walked in, smiling, "Director Qi, our CEO Shen wants to have dinner with you tonight, do you have time?"

"Mr. Shen asked me out, so I have to make time even if I don't have time."

Qi Sheng doesn't mind dealing with these venture capitalists.

Systematic audit of Jinshi Capital’s investment.

But we have to rely on these venture capitalists to help carry the sedan chair.

"Then I'll go arrange the restaurant now."

Su Kai breathed a sigh of relief, as he was afraid that Qi Sheng would refuse.

"Shen Nanping from Sequoia?"

Wang Han had been drinking tea silently just now, and when he heard a familiar big shot in the capital circle, he was secretly shocked.

As expected, he is the one he favors, as he has entered the sight of this capital tycoon so quickly.

Being invited to dinner by Shen Nanping.

If I tell this to others, I don’t know how many entrepreneurs will be envious.

Qi Sheng looked very calm, and didn't seem to care about the dinner at all.

Come to think of it, it would be true if he had such an awesome company.

We are making money like crazy every day, and all kinds of capital are begging to accept investments.

He also has to stand up.

"Old Wang, let's have a quick meal together tonight."

"Can I go too?"

Wang Han originally wanted to find an excuse to slip away to avoid making things difficult for Qi Sheng.

Unexpectedly, Qi Sheng would invite him to go with him.

"What's that?"

Qi Sheng smiled gently: "We are friends. As the first phase investor, I will always remember this kindness in my heart."

"Don't say anything. Wait for me to liquidate the assets during this period of time, and then I will invest another 1 billion in you in the second phase!"

Wang Han was indeed moved and made the decision he had planned earlier.

"You have good taste."

Qi Sheng smiled without any modesty.

It is no exaggeration to say that we are waiting for the settlement of the first phase fund of Jinshi Capital.

DPI will definitely shock you.

When we raise the second phase of funds, the investors will definitely be pension funds and sovereign funds from various countries.

A mere 1 billion is really nothing.

Those sovereign and pension funds usually start with US$1 billion.

However, there is never too much money to raise.

The fund management fees are the most basic income.

With Qi Sheng's ability to open his third eye, he can invest in a few projects at random.

The DPI reaches more than 2 times, which is not easy at all.

Qi Sheng looked at He Yu and asked with a smile, "Old He, why don't you join in the fun?"

"I'm considered a colleague, isn't this a bad idea?"

He Yu was stunned for a moment and scratched his head in embarrassment.

"Don't think too much, just treat it as making friends. Even if Mr. Shen doesn't invest, Spicy King has no shortage of investors."

Qi Sheng's domineering attitude made He Yu and Wang Han couldn't help but look sideways.

That's Shen Nanping! A big boss in the capital circle that countless companies dream of currying favor with, and they can't wait to meet him and lick his ass.

But for Qi Sheng, it is really dispensable.

Even if our Director Qi needs to lick someone’s ass, it can only be Master Tong.

Compared with the 900 million yuan reward from Mr. Tong every month without asking for anything in return.

Mr. Shen from Sequoia is just a younger brother.

(End of this chapter)