Zhao Ye called Liu Yinyin over and gave her instructions.
"Chairman Zhao, are you sure so many websites are going to launch financing and IPOs?" Liu Yinyin asked, her face full of surprise.
“Okay, I'm sure. Now do as I say!” Zhao Ye nodded and said, “After these websites raise one or two rounds of funding, they will prepare for an IPO.”
"Okay, Chairman Zhao!" Liu Yinyin didn't say much more; the boss's decisions were always the most correct.
Stepping out of her office, Liu Yinyin began arranging for people to leak the plans of Wujiang Group's various websites for financing and IPOs.
Soon, major investment companies around the world received the news.
Immediately afterwards, they contacted Wujiang Group to prepare for investment.
This was truly a feast for capital, with countless investment companies ecstatic, eager to invest and share in the profits after the IPO.
That's when the benefits of settling in Lujiazui became apparent.
As the saying goes, "being near the water tower allows one to get the moon first," investment companies that rent office space in Lujiazui are able to come to Wujiang Group to discuss cooperation at the first opportunity, giving them a natural advantage over other companies.
This has made many investment companies that didn't rent office space in Lujiazui regret their decision.
Wujiang Group entered a busy negotiation phase starting in mid-February.
Although Zhao Ye was eager for these websites to raise funds and then go public, he still did not intend to lower their valuations.
Wujiang Group is very wealthy; at worst, they can simply choose to go public via IPO.
This makes it difficult for investment companies to control Wujiang Group.
Generally speaking, investors are the bosses, the angels, but in Wujiang Group, it's the other way around. Investors have a much lower status and try every means to beg Wujiang Group to give them the opportunity to invest.
At this time, major media outlets around the world were stationed in Lujiazui every day, trying to find out about the negotiations between major investment companies and Wujiang Group.
The entire internet industry is paying attention to this.
Every day, all sorts of rumors circulate, and whether true or false, they always cause a sensation.
...
"Chairman Zhao, after several rounds of negotiations, the valuation offered by the investors basically meets our requirements!"
Inside the Wujiang Group's conference room, Zhao Ye gathered with the heads of various websites under the Wujiang Group.
After Liu Yinyin finished speaking, she handed the document to Zhao Ye for review.
Zhao Ye took it and read aloud: "Alibaba is valued at $20.5 billion, Amazon at $31.5 billion, and Taobao at $38.5 billion..."
Behind the valuation of each website is the percentage of shares held by the investment company.
In this round of financing, each website only contributed 20% of its shares, using an A/B share structure. Class A shares have 10 votes, and Class B shares have 1 vote. Even though Wujiang Group only holds a small number of shares, it can still maintain firm control over the company!
Inside the meeting room, everyone felt both excited and worried.
Undoubtedly, with so many websites raising funds and launching IPOs, the internet bubble will be inflated to an enormous extent. When that bubble bursts, the consequences will be catastrophic.
Zhao Ye glanced up at everyone's expressions and knew what they were worried about.
Didn't those investment companies know about the dot-com bubble?
Haha, they obviously know all this, but they are still willing to invest in websites under the Wujiang Group.
Everyone was playing "passing the parcel" during the dot-com bubble; whoever ended up holding the bag was the one who would suffer the most.
And global stock market investors are undoubtedly the most likely to become the last ones left holding the bag...
For Wujiang Group, very few people in China currently have the ability to trade stocks in the US, so the biggest victims are US stock market investors. Since that's the case, let's fleece them mercilessly!
(End of this chapter)
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