Chapter 982: The wealthy second generation who are not short of money are more willful in starting a business
"Boss Cen, do you have any information about the Quanpinhui?"
After the boss finished speaking, Qi Liang asked about the situation of the main opponent.
Only by knowing yourself and your enemy can you win every battle.
"Page 13 of the document in your hands is part of the information about Quanpinhui. According to investigations, there are four major shareholders of Quanpinhui, namely Jing Yuxiu, the younger brother of the chairman of Pengcheng Jing Group, Youqiu Investment, Liunian Entertainment, and the young master of Ning Group... Currently, Quanpinhui has 287 brands that are known to have signed contracts, which is slightly behind us. The after-sales logistics are not good either, and we cannot compare with Mingpinhui, which relies on the JD logistics system. In these two aspects, we currently have a considerable advantage."
When CEO Qi asked this question, Cen Sui, who already had the information in his mind, answered and briefly stated the pros and cons of both sides.
With the support of Mingliu Group and JD Mall, as well as the relationship with the big boss, the company's investment in Mingpinhui has considerable advantages in development.
In addition, in terms of after-sales service, with the support of JD Mall's complete logistics system, the customer praise rate is much higher than that of all products that are hastily put on the shelves.
However, these advantages will gradually narrow as both sides increase their investment.
When it comes to websites, especially the not-so-new category of special sale websites, there really is nothing that money can't solve.
"Can you tell me how much funding they have at the moment?"
"No less than 300 million."
When Zhou Anan, who was sitting in the main seat, heard about the shareholders of Quanpinhui, she couldn't help but raise her eyebrows.
He Wuqiu, who is seeking investment, previously invested in Blue Whale Entertainment's "The Martian" and was once a crazy pursuer of Miss Wang. He warmly received them when they traveled in the South China Sea. The two can be regarded as half friends;
Liunian Entertainment is the entertainment company that is very good at riding on the popularity of others. It unilaterally regards Blue Whale and the number one Huang's Pictures as its competitors, and absorbs private investment in disguise, making it more like an investment institution.
They are all old acquaintances, except for the Ning Group whom I have never heard of.
"Boss Cen, is it possible to acquire Quanpinhui?"
After taking a quick look at the information at hand, the group's CFO An Jie asked for the most direct solution.
If Mingpinhui is acquired, then Mingpinhui will completely occupy most of the discount sale websites and will not be afraid of any new competitors emerging in the future.
"Just yesterday, Mingpinhui received an offer from Quanpinhui to acquire the company, and the other party offered 300 million yuan."
Regarding this best plan, Cen Sui mentioned the acquisition offer that the opponent had made in advance, indirectly explaining the impracticability of the plan.
When the whole product showed signs of catching up, they thought about acquiring the other party, but the other party was simply not short of money.
Although Quanpin will have four shareholders, the real decision maker is still the second son of the Jing family. It can be said that he is backed by the Jing Group with a market value of tens of billions.
Even without financing, there is no shortage of money.
“.”
After hearing General Manager Cen’s answer, everyone present couldn’t help but look at each other, secretly lamenting the willfulness of the rich second generation in starting their own businesses.
Although there have been cases in the past where the second largest company in an industry has the guts to acquire the largest company in an industry, this phenomenon is now rare as the Internet industry becomes increasingly mature.
Just like in the social field of Weike, the old Lang Weike, which is backed by a large group, has never thought of acquiring Mingliu Weike. It is obviously impossible.
"Then we can only continue to spend money. Our advantages are so obvious, there is no reason to be afraid of the other side."
As the technical director, Pan Shaofu knew that this sale website did not have much technical content and only by spending money could the winner be determined.
Their Mingliu Group has sufficient cash flow and its market value exceeds 10 billion. There is no reason for them to be afraid of the so-called Jing Group.
"I support Mr. Pan's opinion. Since we can't acquire the other party, we should increase investment and completely consolidate our advantages so that the other party will always follow us. When the opponent can no longer hold on or the market share stabilizes, the website will naturally enter a healthy development stage."
Regarding this, Qi Liang, who had guessed the boss's thoughts, also agreed with Pan Shaofu's suggestion.
In terms of investing funds to increase market share, Mingliu Group has been a leader in the past two years.
Now, the group has entered a healthy development stage. Except for Mingliu Weike, the other subsidiaries do not need to seek additional capital investment.
"Boss Cen, how much money does Fengwu Investment have left?"
Different from the direct response of the two senior executives, An Jie, who has a background in finance, first showed concern for the financial situation of Fengwu Investment.
If you want to spend money, you have to have something to spend it on.
"There is still 160 million yuan of funds left in the company's account."
As the general manager, Cen Sui was naturally well aware of the money in the company's account and quickly answered the group CFO's questions.
If Mingpinhui and its competitors want to keep running wild for a long time based on this reserve fund without the support of the group, they will have to introduce third-party capital.
"Z"
At this time, Cen Sui's phone vibrated. She glanced at it and couldn't help but look serious. She said to everyone present, "Mr. Zhou, everyone, Mingpinhui just received another acquisition invitation from Quanpinhui. The other party's offer is 500 million."
“.”
Hearing this tempting price, it was easy for everyone to guess the opponent's tenacious capital behind it. Qi Liang and others who were originally determined to continue spending money couldn't help but frown.
According to the initial investment, this purchase price is already a 5-fold return, and cashing out is considered an extremely successful investment case in the industry.
If the fire continues to burn, no one knows what the future will be like.
After all, the Internet industry is ever-changing, and there are many martyrs who have burned billions of dollars but still failed.
It is a dilemma to leave with five times the profit or to continue to burn it endlessly.
"Boss An, how much of the group's surplus funds can be transferred?"
Just as the atmosphere in the conference room became a little silent, Zhou Anan stopped tapping the table and asked about the financial director.
"The group still has 230 million yuan in funds, and Longteng Games can also allocate 350 million yuan in working capital, so the total working capital is 580 million yuan. If we add the revenue from the second half of the year, Longteng Games should still have 300 million yuan in funds available by the end of the year."
As the manager in charge of the group's finances, An Jie quickly gave a figure.
As for Mingliu Weike after its second financing, its account is independent. Even though it has nearly 500 million US dollars in liquid funds, the group cannot use it at will.
"Yes, the revenue from the company's several games has been relatively stable recently. If we can increase revenue and cut costs, we can strive to withdraw 400 million yuan in funds in the second half of the year to support the development of Fengwu Investment."
After the group CFO finished speaking, Yan Canglai, general manager of Longteng Games who was present at the meeting, spoke out his determination.
Previously, he didn't know why he had to attend this meeting, but now that he understands the importance of his company, of course he has to leave the best impression on the boss.
"Longteng must ensure that it has sufficient funds. It should not rest on its laurels. It should increase its R&D and update efforts. This is the most important thing. There is no need to consider too many other factors. That is to say, the 580 million that can be used now, plus the 160 million that Fengwu invested originally, that is 740 million. It is not too much, but it is not too little either."
After hearing about this amount of funds that might seem incomparably huge to ordinary people, Zhou Anan rejected General Manager Yan's plan to save money, and then couldn't help but frowned.
Now that he has surplus funds, he doesn't care how much dividend he gets at the end of the year, but he doesn't want to invest all the group's reserve funds in a Mingpinhui project.
At the rate of burning 58 million in the previous half month, the 740 million would be enough to burn in a year.
What's more, with the increase in subsequent cooperative brands, no one knows whether the speed of burning money will accelerate.
Another important point is that although Mingliu Group can afford it, the other major shareholder, JD Mall, may not have that much spare funds to play with.
It should be said that JD Mall certainly does not have so much working capital to invest in the development of Mingpinhui. After all, JD now still needs to rely on external funds to complete the layout of its brand and logistics system, which requires a large amount of capital investment.
These are all factors that need to be considered, and they are also listed in the document that General Manager Cen distributed to everyone.
The situation seems to be a little bad.
(End of this chapter)
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