Chapter 250 Thanks to Lao Shen for the rocket

There is a branch of La Wang on the 6th floor of IAPM shopping mall.

Qi Sheng and the others had not yet reached the store entrance and had just walked out of the elevator.

I saw a long queue that stretched for hundreds of meters, which was very spectacular.

"Hello, if you want to dine at Spicy King, please get a number and queue up here first."

At the elevator door, there were two spicy waiters greeting you warmly.

“Isn’t this popularity too scary?”

It was Wang Han’s first time to check in at his good brother’s store.

When I saw that long line of people, my scalp suddenly went numb.

No wonder Mr. Shen from Sequoia can’t sit still anymore.

Such a spectacular queue scene, I'm afraid Haidilao doesn't have it? "We have reserved a table."

Su Kai smiled and nodded to the waiter, then spoke to Qi Sheng and the others.

"Luckily I booked a seat in advance, otherwise we would have had to wait in line for 2 hours."

"If it tastes good, 2 hours is not a problem."

He Yu was not really surprised.

In the southwest region, Spicy King has always been so popular.

A local hotpot brand that even dogs wouldn’t eat.

If you want to eat hot pot, only eat Lawang.

At least, that's the case among young people.

Middle-aged and elderly people definitely care more about cost-effectiveness.

The per capita consumption of Lawang is still a bit high for people who are price sensitive.

There were a lot of people queuing in front of the store, and they saw Su Kai and his friends being led in by the waiter.

Although I was a little envious, I didn't give up the idea of ​​queuing.

Even though Lawang’s store in Shanghai has only been open for a short time, its reputation has already spread.

Nowadays, the traffic of short videos has already been very considerable.

On the Internet, the scenes of long queues at Lawang have frequently become a hot topic in the food category.

Especially the Spicy King Challenge, which made many bloggers who claimed they could eat spicy food burst into tears because of the spiciness.

It also brought a large wave of traffic to Lawang.

It has been more than half a year since Lawang opened.

There are only a few people who can finish the spicy hot pot without changing their expression.

Even if we don’t worry about the spiciness, just look at the reviews on food apps like Dianping.

It is also worth queuing for 2 hours to experience the ceiling of this Sichuan and Chongqing hot pot restaurant.

…

Inside the box.

Shen Nanping saw Su Kai coming in with a few people, and stood up and walked over with a smile.

"Boss Qi, I've heard Boss Su talk about how young and promising you are. Seeing you in person really didn't disappoint me."

"Mr. Shen, thank you for your praise. Let's sit down and talk."

Qi Sheng smiled and shook hands with Shen Nanping, then sat next to him.

Su Kai and the others also found a seat and sat down.

This box is not big and can usually seat eight people.

But for Qi Sheng and the others, it is completely enough.

"Lawang's stores were all in the southwest before, and I never had the chance to experience them."

"No wonder President Su praised me so much and even issued me a military order."

Shen Nanping arrived earlier, which is his habit.

When I came out of the elevator, I saw a lively queue.

Even Shen Nanping, who was used to going to high-end restaurants, was shocked.

He specifically asked a few young people in the queue.

Although the price is a bit expensive, the taste is indeed much better than Haidilao.

Besides, eating at Haidilao is not cheap nowadays.

All in all, it’s almost the same as the spicy king.

The dining experience is completely different.

One has to order dishes carefully, for fear of exceeding the budget.

The other is to do whatever you want as long as it’s not wasteful.

In terms of taste, Lawang is far better than Haidilao.

As a big shot in the capital circle, it would be terrifying if Shen Nanping could not realize the potential of La Wang.

I might as well go home and sell sweet potatoes.

Look, Shen Nanping is extremely enthusiastic towards Qi Sheng.

Originally, Su Kai was worried that Qi Sheng's bringing his friends to the banquet might make Shen Nanping unhappy.

Seeing Shen Nanping and Qi Sheng having a pleasant conversation, Su Kai also breathed a sigh of relief.

Come to think of it, no matter how powerful Shen Nanping is, he can't influence Qi Sheng.

If Lawang really releases the news of financing, countless capitals will follow.

At most, the dispute over valuation may last for a long time.

After eating this hotpot, Shen Nanping became more interested in the Spicy King project.

How could a mere 4% stake satisfy his appetite?

I found a bathhouse and washed off the hot pot smell on my body.

While taking a bath, Shen Nanping talked to Qi Sheng about investment details.

"Mr. Qi, we at Sequoia are very willing to be the cornerstone investor of Lawang, but I hope that Sequoia can get 7% of the shares in this round."

Qi Sheng refused without even thinking about it.

"That's impossible. Jinshi Capital has already made the decision."

"Black Ant Capital is also a shareholder in the Series A round and has priority investment rights."

"Is there really nothing to discuss?"

Shen Nanping frowned slightly, unconsciously gaining a sense of momentum.

If ordinary entrepreneurs felt this, they would definitely be nervous.

But to Qi Sheng, it was like a gentle breeze on his face.

If he gets really angry, our Director Qi will just spend his own money to have fun.

Monthly income, up to 9 small goals.

In terms of ammunition reserves, they are no worse than those so-called top venture capital firms.

Qi Sheng smiled without saying anything, closing his eyes and enjoying the warm water washing over his body.

Wang Han, who was standing next to him, lowered his head and silently thought about a question.

Can A Sheng’s girlfriend really bear it?

That must be the model of the black African guy, right? Wang Han's eyes turned red with envy.

No matter how handsome and rich Qi Sheng is, he is not particularly envious.

But since it concerns a man's dignity, he was really envious.

Although he is not small, he is only 10 centimeters smaller than Qi Sheng.

Imagine if I had this size.

Wouldn't that make the girls extremely happy? ...

"Okay, I respect Mr. Qi's decision, but I hope that Sequoia will have the right to lead the investment in the subsequent rounds!"

Shen Nanping finally gave in and made concessions.

The initiative is in Qi Sheng's hands.

There are 600 million US dollars from Black Ant Capital and Jinshi Capital.

In the short term, Lawang is not in urgent need of funds at all.

If Sequoia doesn't get on the bus quickly.

Maybe, it will be squeezed out by other top venture capital firms in the future.

"As long as they can accept the valuation we offer, why not let Sequoia lead the investment?"

Qi Sheng had no intention of giving Shen Nanping any face, so he agreed readily.

"Haha, that's good. Even if Lawang offers a valuation of 50 billion US dollars, Sequoia can still afford it!"

Shen Nanping also said it very domineeringly, showing his strong confidence.

Once the main business is settled, everything will naturally be harmonious.

As for the bathing session, Shen Nanping and others tacitly cancelled it.

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

Men's self-esteem prevents them from continuing to hook up.

Went back to the rest area and got some fruit.

We found an empty table and chatted about the hot topics recently.

Qi Sheng acquired Universe Entertainment and also won the box office hit "Ne Zha", a project that had a huge box office success.

Shen Nanping was also very impressed and asked curiously, "President Qi is interested in the entertainment industry?"

"Not really, it's just that my girlfriend likes to make movies, so I bought a company for fun."

Qi Sheng waved his hand: "I never thought that the box office of the copyright I just bought would reach 3 billion."

Shen Nanping: “…”

If it weren't for his good character, he would really want to hit Qi Sheng with a slipper.

I have never seen such a Versailles person! But he does have the investment vision and can accurately bet on the treasure.

"Mr. Qi, are you considering financing for your company Huanyu Entertainment?"

Shen Nanping has also studied several companies under Qi Sheng's name, all of which have great potential.

Even an old film and television company like Universe Entertainment, which is now half-dead.

After Qi Sheng took over, the company gained new vitality.

As a businessman, Shen Nanping naturally hopes that his investments will yield satisfactory returns.

And Qi Sheng has the magical power that allows him to make a lot of money.

"Mr. Shen, Universal Entertainment is too small to be worthy of a top venture capital firm like Sequoia."

Qi Sheng refused without thinking.

Companies like Lawang or Pop Mart can consider external financing.

One is that there is basically no possibility of dividends in the early stage, and the other is that the profit is relatively poor.

But a film and television company like Universal Entertainment, with the blessing of Qi Sheng's Sky Eye.

The speed of making money is faster than that of printing money.

Unless he is stupid, he would not open his company to financing from Sequoia and others.

Isn't it nice to just keep doing it all by yourself? Shen Nanping didn't expect Qi Sheng to not even listen to the valuation he offered and directly rejected him.

Several other companies, such as Banyan Tree Group and Zhuangyu Catering, are not short of funds for the time being.

Unless Sequoia offers a price that Qi Sheng cannot refuse, but that is impossible.

"Mr. Qi, Pop Mart will not reject our Sequoia's investment, right?"

Shen Nanping was rejected by Qi Sheng all the time, and asked helplessly.

"Of course not. I'm sure President Su knows best how fast Pop Mart is growing. What valuation is President Shen planning to offer?"

Shen Nanping pondered for a moment, "One billion dollars?"

“That makes sense.”

Qi Sheng silently gave Lao Shen a thumbs up in his heart.

Compared with the previous acquisition price, the valuation has more than tripled.

“As for shares, we hope to have no less than 10%.”

Shen Nanping dared to invest so much money, naturally he is optimistic about Pop Mart’s recent operational ideas.

Since he couldn't catch the express train of Universal Entertainment, he might as well seek to invest in Pop Mart.

As long as the two companies cooperate deeply, Pop Mart will also be able to reap the benefits.

The recent hit of "Ne Zha" is a typical example.

Pop Mart, which had made preparations in advance, made three to four hundred million yuan in profit just from its peripheral products.

If there wasn’t Qi Sheng as a co-boss.

It is naturally impossible for the two companies to cooperate so closely.

“10% is fine, but the valuation needs to go up.”

Qi Sheng saw Shen Nanping frowning slightly and gave an explanation calmly.

"Pop Mart recently obtained the Ultraman license and plans to develop Ultraman cards. Both the turnover and net profit will increase significantly."

"Ultraman Cards?"

Shen Nanping raised his eyebrows: "I remember this IP, it seems to be in the hands of Xin Chuanghua?"

The general agent of Ultraman’s full copyright in China is Xin Chuanghua.

This company is very popular.

Just from the copyright of Ultraman, he made a fortune.

"We have just signed a cooperation agreement with Xinchuang Huagang and obtained all the authorizations for Ultraman. We will develop trendy toys and cards around it."

When Qi Sheng saw Shen Nanping's eyes getting brighter and brighter, he knew that he must be moved.

In fact, Qi Sheng intercepted Kayou's development ideas.

Help push Pop Mart’s valuation to the next level.

The card game relies on small Ultraman cards.

The profit alone reaches more than 10 billion yuan every year.

Although it was only popular for a few years, it soon became unpopular.

But as long as there is investment prospect, there is no need to worry that Shen Nanping will not be tempted.

In addition, the popular Magic Boy IP was also acquired by Pop Mart.

A valuation of US$1.5 billion does not seem unacceptable.

"Then according to the valuation mentioned by President Qi, we at Sequoia want 10% of the shares!"

Shen Nanping didn't mind investing tens of millions of dollars in exchange for Qi Sheng's favor.

Under normal circumstances, such small projects would never have the chance to enter his sight.

“It’s a pleasure to work with you!”

Qi Sheng smiled and stretched out his hand to Shen Nanping, thanking him for the rocket.

Based on the acquisition valuation, Sequoia invested at a valuation of US$1.5 billion.

The 1 billion yuan rewarded by the system has already achieved a return on investment of more than 4 times the book value.

There are still a few months until the end of the year.

It is entirely possible for Qi Sheng to increase the book return on investment to more than 10 times.

By then, there will be another 1 billion yuan of investment quota for him to use at will.

It doesn't seem like a lot.

But if the scale reaches tens of billions or even hundreds of billions of dollars.

Even an increase of 1% would be an astronomical figure.

There’s nothing more to say, just thank Lao Shen for his sponsorship.

(End of this chapter)