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Chapter 356: A ridiculously high valuation

Overnight, Yan Xiaoqin became famous.

Neither Dai Zhikang nor Liu Chang were as attractive as NetEase’s news. A freshman girl who had just entered Peking University unexpectedly became Kangsheng’s boss, which is more story-like than an IT genius and a talented girl in Tsinghua University who successfully started a business.

NetEase did not contact the parties involved, but the reporter never lacked any way. As soon as the financing news was disclosed, Kangsheng's various registration information was dug out. It is said that there was also a leak from an anonymous employee. Based on this information alone, NetEase Finance pieced together the news and published it.

When the news came, it quickly attracted the attention of all parties. Those who were familiar with the inside story were inevitably a little funny, while those who were unaware of the situation became more and more curious. Many people were waiting for subsequent reports.

Chen Qiaoshan received the message in the early morning. The phone call was from Jia Yinan. Apart from telling him about the current situation, the rest was a complaint. If she had known that it was the current situation, she would have done it long ago, so there would be no NetEase's business.

Chen Qiaoshan was not surprised. The reporter had many channels of news, so it was normal to be dug out. Regarding Jia Yinan's proposal to push him out, he quickly refused and said, "Don't cheat me. Xiao Qin is my girlfriend. She just named her company. It's not what the Internet says. There's really nothing to write about."

"What should I do? NetEase has reported it. I can't do nothing, right?" Jia Yinan was a little unwilling. She was holding a big news in her hand, but she couldn't report it, which made her very depressed.

Chen Qiaoshan said: "Don't say I didn't remind you. You are a financial reporter, not an entertainment gossip. This time the matter is not as simple as you thought."

Jia Yinan was stunned for a moment, not understanding what he meant. She understood Chen Qiaoshan. This person was very strange. He could always find details that others could not notice and was good at grasping market trends. The stock market that continued to plummet was the best proof. Li Su, who scolded Chen Qiaoshan so hard that he was already criticized by investors, has nowhere to stay. "Boss Chen, tell me quickly, what new discoveries have you made?"

In the middle of the night, Chen Qiaoshan didn't keep it a secret and asked directly: "Do you know Huang Guohua?"

Jia Yinan said: "I know this person, the chief representative of Nasdaq China, said at the Science and Technology Expo two days ago that he was going to resign. I was still there at that time."

This is no secret, and financial news has long been reported.

In 1999, Nasdaq established an office in China, and Huang Guohua was the first person in charge. It was he who brought Nasdaq into China and with his assistance, including several major portals, who chose to go public in the United States.

Chen Qiaoshan knew that Huang Guohua's resignation this time was not that simple. His departure, coupled with the continued sluggishness of Chinese concept stocks across the ocean, makes people think a lot.

Facts have proved this. Just next month, Tencent was listed on the main board of the Hong Kong Stock Exchange, becoming the first Internet company to be listed in Hong Kong.

Before this, all domestic Internet entrepreneurs were heading for Nasdaq, and Hong Kong had stricter requirements for listed companies. Relatively speaking, it was much easier to go public in the United States.

Tencent’s final choice to go public in Hong Kong was also affected by the general environment. After all, it was because American investors lacked confidence in Chinese Internet companies in the past two years.

The two sides are also happy to cooperate, and Chen Qiaoshan doesn't mind revealing some news, "Huang Guohua's resignation is not easy, and Nasdaq may withdraw from China."

"What you said is true?" Jia Yinan understood what this means. If it were as Chen Qiaoshan said, it would undoubtedly be a huge blow to domestic Internet entrepreneurs.

Of course, Chen Qiaoshan would not say anything to death, "I'm just guessing, just listen."

Jia Yinan didn't use this trick. The two of them worked together many times. She knew Chen Qiaoshan so well. "Tell me, what's going on?"

Chen Qiaoshan did not hide it, "Shanda went public in the United States, with financing 40% less than expected. Are you talking about 'blooded listing'? There are several major portals, and the financial reports are more eye-catching, but the stock prices are all falling sharply."

"What does this mean when the stock price runs contrary to performance?" Without waiting for Jia Yinan to answer, Chen Qiaoshan directly explained the reason: "The domestic IT industry is experiencing a new round of lows, which is the fundamental reason why Huang Guohua resigned."

Jia Yinan was stunned. If Chen Qiaoshan was really involved in the information, it would definitely cause an uproar. "No, what does this matter have to do with Kang Sheng?"

Chen Qiaoshan smiled and said, "Why doesn't it matter? Kangsheng is a worker in Internet software."

"It doesn't need to say how difficult it is to raise funds now. Americans are not easy to get money, but there are more venture capital investors like Jifu Asia. Isn't this a good publicity point?"

After thinking about it, Chen Qiaoshan continued, "I'll give you some more news. Jifu Asia is the financial backer behind 3721. They have earned tens of millions of dollars from Zhou Hongyi. This is definitely a scoop. You write the article more in-depth and take the opportunity to promote Kangsheng more, which is much more reliable than writing about my gossip and Xiaoqin."

Jia Yinan was convinced. The next morning, Sohu Finance launched a follow-up report, and Kangsheng and Jifu Asia became the focus. The article also included photos, which were a group photo of Dai Zhikang, Liu Chang and Zhou Zhengning at the signing ceremony.

After the news came out, the rumors about Yan Xiaoqin temporarily dissipated, but Chen Qiaoshan was not relieved.

"What should I do if Jiang Mengqi and the others ask me about Kang Sheng?" Yan Xiaoqin was uneasy. She received several calls early in the morning, asking about her relationship with Kang Sheng. It was not until this time that she knew what happened last night.

Chen Qiaoshan smiled and said, "It's just admitting it. There is nothing we can't say. We have a net worth of tens of millions. Isn't this good?"

Yan Xiaoqin said angrily: "What's the good thing? If my mother knew about it, she would definitely say that I would blame you. I would have to let me be the legal representative. If I had known so much trouble, Sister Chang would have been named."

Chen Qiaoshan was not worried much. The legal representative and the legal representative are two completely different concepts. There are many examples of scapegoats. The news disclosed by NetEase is not very convincing. People with a little common sense will not take it seriously. "It's okay, if your mother-in-law causes trouble, just push me out."

This person is too thick-skinned, and Yan Xiaoqin has no choice. When she thought of the online incident, she was a little curious and couldn't help asking: "Kang Sheng has only a team of more than a dozen people, is it really worth tens of millions?"

Chen Qiaoshan shook his head, "It's not tens of millions, it's tens of millions of dollars. Of course, venture capital depends on its own opinions. No one can tell how much Kangsheng is worth now."

Yan Xiaoqin smiled and said, "Tell me, how much do you think Kangsheng is worth now?"

Chen Qiaoshan said casually without thinking: "Fifty million US dollars."

Yan Xiaoqin was stunned for a moment, and couldn't help laughing. Although she didn't understand these, she still had basic common sense.

Baidu asked Yahoo for $150 million last year, but was rejected. Yahoo chose 3721, which cost $120 million.

Just last year, Baidu earned 30 million yuan on search engines, but Kangsheng has not achieved a balance of revenue and expenditure so far, and has to keep paying money. The gap between the two is a bit too big.

Of course, there are more similar problems than this. Sohu Finance disclosed the details of Kangsheng's financing, and the valuation of 80 million was beyond everyone's expectations.

Taking this opportunity, Jifu Asia appeared in the public eye for the first time.

Many industry insiders are not optimistic about this financing and regard Jifu Asia as a sucker. When they learned that Jifu is the second largest shareholder of 3721, such discussions disappeared immediately, and they became more curious about Kangsheng.

The outside public opinion did not affect Chen Qiaoshan. The next day, another banquet was held to entertain nearby neighbors. The birthday party ended and it was time to return.

Chen Qiaoshan was packing his luggage at home, and Xiaowu ran over, "Second brother, grandma called you over."

"Do you know what to look for me?" Chen Qiaoshan asked, and Xiao Wu couldn't tell me that, so he had to look for me again.

After all, the Chen family’s grandma is an old man in his seventies, and his health is obviously not as good as Jianwang in the past. Chen Qiaoshan also felt a little distressed, “My grandma, is it a problem to call me here?”

The birthday party was very energy-consuming, and the old lady was not very energetic. When she saw her grandson coming, she pulled her back and asked, "Dragon, when are you going to leave?"

"I left in the afternoon. I'm here to pay my birthday to you this time."

The old lady of Chen smiled. This grandson is promising and is rarely a filial person. I think the younger son will not have to worry about the rest of his life.

Thinking of his younger son, the old lady in the Chen family felt a little uncomfortable. Until now, the eldest granddaughter has not yet settled, and I don’t know if he can meet again in this life. Thinking of this, the old lady couldn’t help but feel a little depressed.

Chen Qiaoshan could see it naturally, and he hurriedly asked, "Milk, what's wrong with you?"

The old lady didn't hide it from him, "When people get old, they always think of what happened in the past. I have suffered and enjoyed happiness in my life, and I have no other thoughts. But when I think of your elder sister, I can't let it go, and I don't know if I can see my little baby in this life."

Chen Qiaoshan had a headache when he heard this. Li Xiaolin was obviously not easy to meet. Judging from her usual behavior, she was either a second-generation official or a second-generation rich. If Zhang Ziyu really married into the Li family, according to Professor Yan's opinion, there must be a lot of bad things here. He definitely didn't want to cause trouble.

After all, it was a grandma. Seeing the old lady turning her tactful love, Chen Qiaoshan had to pinch her nose and asked, "My mother, if you have anything to say, I will definitely help you with what I can do."

"You won't be foolish with me again, are you?" The old lady of Chen was very worried and asked again.

Chen Qiaoshan was very unfair, "My grandma, I'm not scheming, I don't dare to mention the exact news to you."

The old lady was silent for a while before she said, "I am old and far away from the sky and the soil. I don't expect to go to Yanjing to find your elder sister. I just hope that I can know the exact news about your sister until I die, which is a wish."

Chen Qiaoshan hurriedly advised: "My mother, don't say unlucky words. Xiaowu talked to my mother yesterday, saying that he would also have to celebrate your 80th birthday. You must not take advantage of her, you will definitely live a long life."

The old lady couldn't help but smile, "It's still Xiaowu who has a conscience. He knows to accompany me if he has nothing to do. You, I won't see anyone all year round."

Chen Qiaoshan couldn't help but laugh and cry. The old child's statement seemed to be true, "Damn, don't worry, I will definitely find out about my elder sister's situation when I look back."

After hearing these words, the old lady of Chen was relieved and gave a few more instructions, which made Chen Qiaoshan escape.

In the afternoon, the three Chen brothers and sisters, Yan Xiaoqin, were sent back to the city by Chen Weiguo.

Before leaving, Chen Qiaoshan specifically reminded: "Third brother and fourth brother, you two should use more snacks in your studies and don't waste time in the next place."

Chen Wan was still a little confused and didn't understand what the second brother said, but Chen Xi was so clear that she said a few words to the fourth brother. Soon, the two sisters looked at Yan Xiaoqin first, and then stared at Chen Qiaoshan with disdain.

Chen Qiaoshan had no choice but to suffer. Who made him stand up to his own bad status? It's all right.

It was very smooth to return to the city. I rested on the train for a night, woke up and arrived at the Yanjing territory.

"The plane is still fast, and I don't know when the Nanyang route will be applied for." After leaving Yanjing West Station, Yan Xiaoqin sighed.

Chen Qiaoshan didn’t feel that much, but this time he came back, I’m afraid he was not as relaxed as before leaving.

This is true. As soon as Chen Qiaoshan returned to the studio, the problem arose.

"The industrial park called again and said that she wanted to talk to the person in charge." Liu Chang was also angry. She took Xu Xiaoyu countless times and said all the good things. Kang Sheng was unable to enter the incubation park. Now, the financing has been successful, and the other side is begging to go in.

Chen Qiaoshan also had a headache. He really couldn't offend him. Qingshan Forum and Kangsheng's servers were still in the park. If the relationship broke out, it would be a real trouble. "Sister Chang, how are you talking about the information center?"

Liu Chang said: "I just contacted me. After the news came out, I made a statement and welcomed Kangsheng's entry. The rent has not yet been relaxed, but I am willing to give a one-month rent-free period."

Chen Qiaoshan knew that the discount was not small. For high-end office buildings that had been renovated, the rent-free period was usually only one week, and the rent-free period of one month was tens of thousands, which was considered very considerate.

"In this way, it's better to get the lease contract as soon as possible. If you look back at the industrial park, you will say that we have signed a contract with Rongke Information to see if we can get rid of it."

Liu Chang said, "Then I'll try it, but Kang Sheng has moved away. What should I do when Qingshan Forum? You can't squeeze with Kang Sheng, right?"

Both companies used to have Chen Qiaoshan to advance funds in full, and it would be fine to squeeze one piece, but Kangsheng has already obtained the financing, so it is obviously inappropriate to get together. After thinking about it, Chen Qiaoshan said, "Let's go back and ask if Qingshan Forum can enter the industrial park."

"Isn't it suitable?" Liu Chang was a little surprised. The industrial park required it to be there. Qingshan Forum had nothing to do with the software, and it was quite difficult to squeeze in.

Chen Qiaoshan smiled and said, "I am also a business owner with a valuation of 80 million yuan. This is a hot spot everywhere. Do you want to try it? Besides, Brother Wang is also engaged in research and development. This is also considered software development. How can I know if it is OK if I don't try it?"

"Boss Chen, you're wrong this time." Liu Chang retorted with a smile: "Kang Sheng's valuation is now over 100 million."

"What's the situation?" Chen Qiaoshan was a little surprised. When he raised funds, he spoke out loudly. The valuation of 10 million US dollars was already a sky-high price. Unexpectedly, there were even more people who could be bragged about. 100 million yuan, which is too outrageous.

Liu Chang laughed and said, "Didn't Jifu Asia be exposed by Jia Yinan? By the way, the old story of investing in 3721 was also reported. TOM happened to interview the Yahoo president this morning and asked him what he thought of Kang Sheng. Boss Zhou said that Jifu Asia is an extremely professional investment team with a precise vision. Boss Zhou said that Kang Sheng's valuation of 80 million is low, at least worth 100 million."

Chen Qiaoshan was stunned, and Zhou Hongyi really gave face.

He also understood that this was giving Jifu Asia face. The so-called flower sedan chair lifted people. After all, Zhou Zhengning was once the financial backer of 3721, so it was appropriate to praise him.
Chapter completed!
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