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Chapter 222 My roommate is actually a billionaire?(1/2)

The Eat.me food delivery platform has great potential. At present, it seems that it is already the most rapidly promoted and developed food delivery platform in China.

Once the Series A financing provided by Pei Qinglan is obtained, the expansion speed will be accelerated again, and it will quickly occupy the university market across the country, and then choose the right time to enter other markets. The future scale will probably be scary.

But this is still an optimal situation after all.

A large market means plenty of potential, but it also means that it is difficult for a single company to completely occupy most of the market share.

Under such circumstances, even if Eeme.com's early development is indeed good, it is difficult to say that it will not encounter problems and strong competitors in the future.

Even in the short ten or twenty years of domestic Internet development history, there have been enough passages for latecomers to catch up.

Not to mention the emerging field of Internet + food delivery.

Even if EatMe’s takeout seems to be able to provide enough jobs for the local area, at least for now, it seems that it has not done anything.

Therefore, Secretary Zhao is obviously far less interested in Chimei than WeChat.

After all, compared to WeChat, which is still in its infancy and is still in its infancy, WeChat, whose user base has grown to tens of millions, has obviously stronger potential and strength.

If WeChat can replace QQ and become the universal social software in the mobile Internet era, or it does not need to be replaced, it only needs to occupy more than one-third of the social user market share, which is enough to support the rise of an Internet giant.

As the largest city in China for foreign trade and economic cooperation, Shanghai plays a pivotal role in the national economy.

But because of this, many times, when facing some emerging things, especially emerging industries like the Internet, it is difficult to provide more support and convenience like other places.

This leads to the fact that everyone wants the Shanghai market, but most Internet companies prefer to locate their headquarters in places that can provide more support.

Alibaba is a good example for Hangzhou.

But Qunxing Company is very different.

Compared with other Internet companies, the most different thing about this company is that their cash flow is very healthy, their shareholding structure is single, and there is no external interference.

Even without the help of any local support, it can develop smoothly on its own, and the risks are even much smaller than those of some traditional industries, and other Internet companies are even more incomparable.

Such a high-quality and extremely low-risk Internet emerging company has a very clean identity and background among its founders.

If such assistance objects are not supported, it would be really unjustifiable.

Apart from anything else, if Qunxing Company is short of money and goes to the bank to borrow a large amount of funds, it will definitely be a green light without any obstacles.

"Our internal views on Qunxing and WeChat are relatively unified at present." Secretary Zhao sipped his wine glass, and during the private exchange, he had no hidden plans, "Some simple assistance is definitely no problem.

Yes, the key is to see what else you need."

"Secretary Zhao thinks, what else does WeChat need now?" Xu Xing did not rush to make a request, but instead asked Secretary Zhao for his opinion.

Secretary Zhao pondered for a moment, but did not rush to say anything. He turned around and asked Pei Qinglan the question again: "You are a professional investor. Do you have any opinions?"

Pei Qinglan suddenly laughed and shook his head. After thinking for a few seconds, he slowly said: "I don't know much about the specific situation of WeChat, but I am very clear about the development process of QQ. To put it bluntly, users are everything."

"Especially for a social communication software, allowing more people to use and get used to it is the fundamental driving force for its operation."

"So in the final analysis, the most important thing WeChat needs to do now is the simplest thing, to expand the user base."

Secretary Zhao nodded unmoved: "It sounds like a commonplace question."

"The key lies in how to increase the number of users. Xu Xing definitely knows better than the two of us in this regard." Pei Qinglan thought for a moment and then continued, "But in this case, while WeChat is trying to find ways to expand, it will naturally

Also be aware of ambushes from your competitors, black, white and gray."

Xu Xing smiled, and after talking about this topic, he looked at Secretary Zhao: "This can be considered one of the reasons why I came here this time."

"If it's just reasonable competition on the surface, I can actually handle it."

"But if it involves some confrontations deep under the water, Qunxing Company is still not very good at it."

"I understand." Secretary Zhao nodded calmly, without making any promises, and simply said, "I will write this down."

Xu Xing didn't expect that this kind of problem could be solved over a meal. A private meal was just a good start. Naturally, deeper cooperation would require lengthy negotiations and overt communication to gradually achieve it.

The meal lasts from six o'clock in the evening to eight o'clock in the evening.

Secretary Zhao communicated with Xu Xing on many issues. Although he did not give many specific guarantees, everyone who knows how to do it knows how great the benefits are.

Just what Secretary Zhao mentioned earlier about the National University Research Summit can make me take a sip of soup from the takeaway, and even use WeChat.

In addition, including loan through trains, tax incentives, office building rental incentives, and various local businesses can receive certain support.

Although Secretary Zhao did not clearly state what he would provide from the beginning to the end, everyone already knew the actual situation and subsequent development.

Once it has received support and endorsement from the Shanghai Stock Exchange, Qunxing Company can be considered to be on the right track. It no longer needs to worry about those secret swords and swords, and can just compete and develop peacefully.

After sending Secretary Zhao off, the others were not in a hurry to leave.

Pei Qinglan asked Yao Yuanyuan and Yan Chijuan to order some desserts, while she continued to communicate with Xu Xing about the financing of take-out food.

Previously, Secretary Zhao was present, so some things should not be said too straightforwardly.

Now that there were only two of them left, Pei Qinglan stopped beating around the bush and asked directly: "How many shares do you plan to provide for this financing?"

"10%." Xu Xing had already planned it, so there was no need to hide it. "The plan is 15 million U.S. dollars."

When Pei Qinglan heard this number, she couldn't help but raise her eyebrows, and then smiled and said, "Your appetite is quite big."

You know, there are not even one million users of Takeaway. If you include the expansion of the university market in Kyoto, there are probably more than 800,000 registrations now.

This size is indeed a bit small.

In this case, 10% of the shares costs US$15 million, so wouldn’t the overall valuation be in the hundreds of millions of US dollars?

Although the future potential of the food delivery industry is huge, and a valuation of only US$100 million may only be considered a piece of cake, after all, this is only the early stage of Series A financing.

If Xu Xing had not been confident enough in this project, he would not have offered such a price.

"This is a food delivery platform supported by WeChat." Xu Xing said with a smile, "Mr. Pei can imagine where Chimei expands and where it can quickly connect with WeChat users. How amazing do you think the effect will be?"

"You're quite good at drawing cakes." Pei Qinglan rolled her eyes at him. After all, everything Xu Xing said is based on the fact that WeChat can at least compete with QQ in the future.

But even so, Pei Qinglan had no intention of giving up this opportunity.

Six months ago, Xu Xing's Tianshu Studio was still a small ant with only tens of thousands of yuan in start-up capital.

Although Pei Qinglan had investment intentions at the beginning, it was just a show of goodwill towards Xu Xing.

But she herself didn't expect that Xu Xing's growth rate would be so amazing.

And this opportunity now is the result of her many good intentions.

Even though 15 million US dollars seems expensive, but compared with the speed of the rise of Qunxing Company, it seems that it is not impossible to give it a try.

Especially now, Eat Me Takeaway is not a grassroots team. After three months of development, the organizational structure has begun to take shape, and the operating model has gradually developed.

Unlike some other Internet projects, it may be just a concept or a preliminary product that can fool investors into jumping in.

"However, for 15 million U.S. dollars, I'm afraid I have to raise it for a while, or find a partner I'm familiar with, and let me lead the investment, and we can all take it together." Pei Qinglan said after thinking about it.

"No need to go to such trouble." Xu Xing shook his head and said, "How much can Mr. Pei win alone?"

"About 10 million?"

"Okay." Xu Xing nodded nonchalantly, "Qunxing Investment will make up for the remaining five million US dollars."

Pei Qinglan shook her head and laughed: "You are really good at calculating."

The take-out company Eatme is an independent personal company of Xu Xing and has no direct equity relationship with Qunxing Company.

If Qunxing Investment Management Company also participated in the A-round financing of Chime Takeout, then Pei Qinglan’s final shareholding would actually only be 6% to 7%.

As an investment company, Pei Qinglan doesn't care. As long as she can ensure that the valuation of Chimei Takeaway keeps rising, she will make money no matter what. It's just a matter of making more or less.

If it is a high-quality investment object like Xu Xing, then it doesn't matter if you earn a little less.

Establishing a long-term cooperative relationship is what Pei Qinglan really values.

After all, he heard from his daughter that during the National Day, Xu Xing invested in nearly ten start-up teams during a trip to Kyoto.

Among them, the most well-known one is of course Didi Taxi, which has already become famous in Kyoto.

This project alone, if it can be implemented in the future, has potential no less than that of the food delivery industry.

If Pei Qinglan can also get involved in future rounds of financing, he may also be able to obtain considerable profits.

However, many projects are not something you can invest in if you have money.

The importance of Xu Xing's relationship chain currently seems to be far more important than a single investment.

Pei Qinglan is not a petty loser.

"This is delicious."

"Sister Yuanyuan, this is also delicious."

"Hey, if we really raise 1,500 US dollars for 10% of the shares, Xu Xing's net worth will be worth one billion yuan just for the food delivery company." Yao Yuanyuan whispered to Yan Chijiu, while not forgetting to take care of Zhang Nong.

, and also handed him a few desserts.

Zhang Nong was also very excited after hearing this. Although the money was not his, as long as the take-out business developed better, he would be closer to the goal of transplanting a kidney for his mother. Even the desserts in his mouth were so sweet.

Feeling greasy.

But he was actually still a little confused at the moment.

In the past two hours, except for what he said when he first introduced the situation of the takeaway, Secretary Zhao, Pei Qinglan and Xu Xing were basically communicating.
To be continued...
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