Zhang Xuhao felt the offer was too low, but Han Gengzhu of Sequoia Capital didn't think so.
After entering the elevator with two of his men, Han Gengzhu said with a disdainful look, "Zhang Xuhao, his company dares to bid 2 billion? Is he crazy for money?"
The female assistant asked, "Mr. Han, should we continue negotiating with them tomorrow?"
"No, Zhang Xuhao won't budge. We'll buy plane tickets right away and go to Shenzhen to talk to his competitor, Panda Takeout, and see if he's scared."
After leaving Ele.me's headquarters, the three of them rushed to the airport. After buying their tickets, they quickly went to the first-class cabin to rest.
Assistant Xiao Li took out Panda Takeout's information from her bag and handed it to Han Gengzhu.
Han Gengzhu took the documents, leaned back, and then carefully read the information and introduction of Panda Takeaway Company.
Panda Takeout's founder, Chen Ze, is from Guangzhou, Guangdong Province. He is a 19-year-old college student at Shenzhen University. Panda Takeout had a registered capital of 10 million yuan and invested a total of 510 million yuan. CEO Wang Kaicheng used cunning means to defeat Baidu Takeout and eventually acquired Baidu Takeout for 500 million yuan.
After reviewing the documents in his hand, he turned to his assistant, Xiao Li, who was sitting next to him: "What do you think is a suitable valuation for Panda Takeout?"
"Mr. Han, according to our investigation, Panda Takeout has already covered all the fourth-tier cities and above across the country, and its scale is twice that of Ele.me. On the other hand, Ele.me only operates in first- and second-tier cities across the country, focusing on a premium product route."
"So if we value it based on its size, Panda Takeaway is worth around 2 billion yuan, but of course this is just a reference."
Han Gengzhu smiled and said, "It's already quite impressive that a college student can build a company worth 2 billion. However, I think all the credit goes to Wang Kaicheng, since Chen Ze, as a student, simply doesn't have the time to manage a company."
Xiao Li nodded slightly in agreement: "President Han, but we haven't found any financing needs from them yet. Wouldn't it be a waste of time if we blindly went to them like this?"
Han Gengzhu smiled slightly and said confidently, "They don't have a need for financing, but we can find a way to create one for them."
After a two-hour flight, they finally arrived in Shenzhen, and then took a taxi for more than half an hour to reach the 21st floor of Nanshan Building.
Xiao Li asked the receptionist, "Hello, is Mr. Wang here? We are from Sequoia Capital and would like to speak with him. Could you please let him know?"
"Okay, please wait a moment."
After the receptionist made a phone call to inform him, she smiled and said, "Our boss, Mr. Wang, wants you to wait in the VIP reception room. He'll come find you when he's done with his work."
After saying that, she walked ahead and led the three of them to the VIP reception room.
In the office, Wang Kaicheng sent a message to Chen Ze saying: Boss, the famous Sequoia Capital wants to invest in our company. Do you want to come and take a look?
A short while later, Chen Ze quickly replied: No, our company is not short of money. I have my own investment company. Do you think it is necessary to talk to them?
After finishing his chat with Lao Chen, he went to the VIP reception room and greeted them with a smile: "Hello, all three of you. Welcome to Panda Delivery Company. May I ask what brings you here?"
Continue read on readnovelmtl.com
