P.S.: Chapter 287, "The Biggest Winner," has been released. You can read it by clicking "Table of Contents."
At this point, the other investors present also spoke up, expressing their willingness to invest in Xinlang Weibo.
"Mr. Hu, that's a great idea! Celebrity feuds are definitely a hot business opportunity. Our company is willing to invest in Xinlang Weibo!"
"Our company can participate in the investment!"
"Mr. Hu, several of our investment companies want to invest in Xinlang Weibo. Do you think we could offer more shares? Otherwise, there won't be enough to go around! Besides, Xinlang Weibo needs to develop and compete with Wujiang Weibo. We can't do without sufficient resources!"
"Yes, Mr. Hu, you should offer more shares. The most important thing for Xinlang Weibo right now is to survive. The number of shares is not important. If you lose the competition, even if you hold a lot of shares, they will be worthless in the end."
"The more funding Xinlang Weibo receives, the greater its chances of success! If it raises less this time, it will actually make us investors less confident in Xinlang Weibo! So, Xinlang Weibo should either not raise any more funding and just shut down the website as soon as possible to avoid wasting funds; or it should raise more funding and go all out!!!" At this moment, Zhang Lei of Hillhouse Capital said in a serious and deep voice.
He paused, then added, "Xinlang Weibo's fundraising plan is only $25 million, but I think that's far from enough. I estimate at least $50 million would be more appropriate. If Xinlang Weibo only raises $25 million, then Hillhouse Capital will not invest; we don't dare take that risk."
Other investors, upon hearing this, expressed their support.
Upon hearing this, Hu Yangyu felt a mixture of pain and pleasure.
The more funding a company receives, the more shares it will have to give up to investors.
Giving up too many shares in the first round of financing will inevitably have a huge impact on the company's future financing plans.
However, there's no need to think that far ahead right now.
The most important thing for Xinlang Weibo is to survive the competition.
Hu Yangyu pondered for a moment, then said to the investors with a wry smile, "Alright, I will try my best to persuade the board of directors to agree to your demands!"
Upon hearing this, everyone smiled.
"Mr. Hu, we look forward to your good news!"
"I hope so!" Hu Yangyu nodded with a smile.
………
That same day, Hu Yangyu conveyed the investor's request to Xinlang Group.
The board of directors of Xinlang Group immediately held a meeting and discussed the matter for more than an hour. They finally agreed to the investors' request and decided that 35% of the shares of Xinlang Weibo would be given to the major investors in the first round of financing.
There's no way around it; Wujiang Weibo is developing so rapidly that it's putting immense pressure on Xinlang Weibo. If Xinlang Weibo doesn't catch up quickly now, it's doomed.
The following afternoon, at 3 o'clock.
Hu Yangyu met with major investors again.
After Hu Yangyu argued his case, Xinlang Weibo sold 35% of its shares in exchange for a $70 million investment.
Everyone was happy and satisfied.
The investment agreement was signed on the same day.
That evening, Sina's homepage published the news that Xinlang Weibo had successfully raised $70 million.
The news immediately surprised countless netizens.
NetEase and Sohu panicked even more when they saw this.
Sina Weibo acted so quickly, completing its financing round in just a few days, and securing $70 million in its first round of funding. With so much money, Sina Weibo can easily grow!
How can NetEase Weibo and Sohu Weibo compete anymore?
In market competition, it's often a battle between the top two, while the third, fourth, and fifth inexplicably disappear...
NetEase and Sohu also held meetings immediately to discuss countermeasures.
The discussion at the meeting boiled down to getting their own Weibo projects to raise funds as soon as possible so they could compete with Wujiang Weibo and Xinlang Weibo!
As a result, starting from the next day, news also broke that NetEase and Sohu had financing plans.
However, investors are not very enthusiastic about investing.
The investors who were most enthusiastic about investing in Weibo have now invested in Xinlang Weibo.
Although some investment firms prefer to invest in the entire sector, they are a minority.
Most importantly, NetEase Weibo and Sohu Weibo have fallen behind and are already at a disadvantage in the face of competition from Wujiang Weibo and Xinlang Weibo.
Investors also have many concerns about the increasingly volatile microblogging industry.
...
After Xinlang Weibo secured $70 million in funding, Hu Yangyu became much more confident.
His original plan could proceed as scheduled.
Not all celebrities would try to curry favor with Wujiang Group, because even if they wanted to, they couldn't. Therefore, Hu Yangyu was confident that as long as Xinlang Weibo extended an olive branch to second- and third-tier celebrities, helping them increase their fame and income, they would certainly not refuse.
While A-list celebrities certainly have a lot of fans, there are also many second- and third-tier celebrities, and the combined number of their fans is also considerable.
In addition, not all A-list celebrities are uninterested in Xinlang Weibo.
As the saying goes, "Better to be the head of a chicken than the tail of an ox."
On Wujiang Weibo, I can't be the boss, but on Xinlang Weibo, I can be the boss and get strong support from Xinlang Weibo. Why not?
Hu Yangyu understood this point, so even though Wujiang Weibo is now much larger than Xinlang Weibo, he is still confident in developing Xinlang Weibo.
At this moment, he has already instructed his team to contact celebrities in mainland China, Hong Kong, and Taiwan, offering substantial sums to invite them to join Xinlang Weibo. He is also preparing to execute plans involving celebrity feuds, fan wars, celebrity scandals, paparazzi leaks, and other schemes…
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