Two hundred million?

Wang Gongquan is willing to accept Kang Sheng’s valuation of 200 million yuan. To be honest, Chen Qiaoshan was a little caught off guard.

Is Kang Sheng worth 200 million? It's definitely worth it, but Chen Qiaoshan's personal approval does not mean that others can accept it.

Kangsheng in my memory not only missed the listing, but also added a strong competitor, phpwind. Tencent still paid 50 million US dollars for it before finally buying discuz from Dai Zhikang.

Now, the situation is much better than before.

Under the promotion of Chen Qiaoshan, Kangsheng released an open source version in advance, directly causing phpwind to die.

Chen Qiaoshan also used channel resources and leveraged Lynk & Cott's technical advantages to enter the advertising alliance market, indirectly opening up the profit model of free users.

With the explosive growth of domestic netizens, personal websites will surely become a major trend in the future network. It can be foreseeable that Kangsheng’s paid users will definitely grow rapidly.

Outsiders don't know all this, but Chen Qiaoshan has long planned to stop doing it. Even if someone now offers 50 million US dollars, he will not be shaken.

Discuz has now stepped on the node of the times and has laid out web2.0 in advance.

Similarly, with Chen Qiaoshan's intervention, we will not regretfully miss the opportunity to focus on the mobile market, and Kangsheng's future has unlimited possibilities.

The valuation of 200 million yuan is less than 25 million US dollars, or even less than the value of UC Langma, and it is even less than Kangsheng led by Dai Zhikang. This is obviously seriously underestimated.

Although Chen Qiaoshan was not interested in the offer, he was not prepared to refuse directly. He wanted to know why Wang Gongquan fell in love with Kang Sheng.

He understands the value of Discuz, but outsiders may not be clear about it. Even Dai Zhikang himself, I am afraid that he cannot clearly position the value of Kangsheng.

"Mr. Wang, I just brag at the webmaster meeting. I didn't expect you to take it seriously."

"Is that so? Why do I think you don't seem to be talking nonsense?" Wang Gongquan looked like a Maitreya Buddha on the outside. He usually regarded himself as a Confucian businessman. But if he really didn't have some real skills, he wouldn't have been in a business world for more than ten years and could still escape unscathed.

Wang Gongquan could feel that Chen Qiaoshan seemed not moved in the face of temptation.

This made him have a higher evaluation of the young man opposite him, and he also believed in his judgment more.

Wang Gongquan has been engaged in venture capital for quite some time. He has seen all kinds of entrepreneurs, and even cheated in order to attract financing. However, it is the first time that Chen Qiaoshan has seen him like this.

Wang Gongquan went through a lot of trouble when he targeted Kang Sheng.

Nowadays, he is a VC partner of IDG Capital, but this does not satisfy him. IDG is a venture capital investor from American capital, and Wang Gongquan wants to raise a venture fund locally.

And now, the opportunity is right in front of you.

Half a month ago, Wu Shangzhi, the founder of CITIC Hui, came to visit him and invited Wang Gongquan to join CITIC Hui's venture capital team.

Speaking of CITIC Capital, it is definitely from a famous family. Although it has been born less than three years ago, no one dares to underestimate the market influence.

The predecessor of CITIC Hui was the venture capital department of China International Finance Co., Ltd., which is the investment department of CICC, and it is absolutely a good source of strength.

In 2001, the China Securities Regulatory Commission suddenly stated that securities companies were strictly prohibited from directly or indirectly investing in venture capital, and projects that had participated must be rectified and cleaned up within six months.

Under this situation, CICC Direct Investment Group is facing a split.

Wu Shangzhi and his management raised a sum of money to buy back equity from state-owned shareholders and completed the restructuring, which is the new CITIC Capital, which is also the first private equity fund in China operated in a limited partnership system.

In the early stages, CITIC Investment generally only only did PE. Seeing that companies like Click Technology, Shanda, and Skynet were rapidly expanding, CITIC decided to set up a new fund to use the VC plus PE model to cover earlier investment opportunities.

After a period of investigation, Wu Shangzhi set his sights on Wang Gongquan.

This person who started his career early by industry has rich experience in business and has overseas company operation experience. More importantly, Wang Gongquan has a precise vision. He participated in AsiaInfo's investment in the early stage. AsiaInfo is the first high-tech company listed on Nasdaq in China, even earlier than Sina.

Wang Gong was completely moved by Wu Shangzhi's invitation because Wu Shangzhi gave him full space to play.

As a top partner of CITIC Capital, Wang Gongquan can form a brand new investment management team and raise a venture capital fund of no less than US$200 million. He enjoys full autonomy for this fund.

The only restriction given by Wu Shangzhi is that this fund must focus on high-growth enterprises such as IT.

Wang Gongquan was so smart that he could see through Wu Shangzhi's intentions at a glance.

The situation is very clear. CDH is not satisfied with the PE market and is determined to enter VC. The reason why I look for him is that he values ​​his abilities, but more importantly, it means competing for cake with IDG Capital.

Wang Gongquan has been with IDG Capital for many years. He has a large number of channel resources. Even if the VC has no achievements, he can allow the PE department to successfully take over high-quality resources. No matter how you look at it, the business of CITIC Capital is sure to make a profit without losing money.

Wang Gongquan didn't mind changing another company, but he was not willing to break up with his previous company. The market was so big, and he didn't want to see him. He didn't want to be a slander.

After thinking about it, Wang Gongquan finally had an idea. Instead of poaching the corners of his old boss, it would be better to choose a few high-quality projects. The first thing he thought of was Kangsheng.

Among IDG Capital, the one who knows the best about the Internet is Li Xiaojun.

This guy was once the technical backbone of two Nasdaq listed companies. He worked in the United States for many years and has a deep understanding of the development of the overseas Internet.

Li Xiaojun just joined IDG Capital and stared at Kangsheng at a glance, which made her last contact.

Wang Gongquan believes that he has a vision of people. Li Xiaojun will never joke about projects. Since he chose Kangsheng, there must be something good about it.

In addition, Kangsheng's investors are also very important. Jifu Asia is well-known in the industry and has always been known for its precise vision.

3721 is a piece of fat meat, even IDG Capital can only pick up some scraps, but Jifu Asia accounts for more than half of the profits. Kangsheng is definitely not easy to be watched by them.

As a result, Wang Gongquan developed a strong interest in Kang Sheng.

Through IDG's information channel, he quickly found out the relevant situation of Kangsheng.

This Internet software startup, which has only a half-year history, was jointly established by Chen Qiaoshan and Dai Zhikang. One person is responsible for market operations and the other person is responsible for technology. It is considered a relatively stable entrepreneurial team.

As the controlling shareholder, Chen Qiaoshan is actually a student of the Peking University Finance Department who has no experience in the Internet. This is inevitably suspicious, but Kangsheng's development trajectory is impeccable.

Wang Gongquan has been paying attention to entrepreneurs in the IT industry for a long time, but his vision is so vicious.

Technology is not the most important thing to engage in Internet entrepreneurship, but the founder's vision and decision-making ability are the most critical factors.

Kang Sheng was not even profitable, so Chen Qiaoshan dared to invest huge amounts of money as a webmaster conference. The key was that he was so prosperous. Not everyone had this vision.

Especially after the last debate at the webmaster meeting was rumored, it attracted everyone's attention.

Wang Gongquan still remembers that four years ago, IDG Capital invested a sum of money at 3721. The next year, 3721 made a profit of tens of millions. At that time, it was the Internet listing wave, so he advised Zhou Hongyi to package and list as soon as possible. Unexpectedly, the latter was unmoved and even looked down upon.

3721 finally sold itself as Yahoo, which has to be said to be a pity.

Looking back now, Wang Gongquan also sighed that when starting a business, the helmsman does not have to understand technology, but must understand the market and finance, otherwise it will be difficult for the company to achieve great development.

A startup company that is less than a year old dares to make a bold statement about going public within two years. With this ambition, Wang Gongquan looked up to Chen Qiaoshan even more.

Kangsheng's performance has grown rapidly, and the role of hosting the webmaster conference is not difficult to judge. If personal websites really usher in explosive growth in the future, Kangsheng is likely to become a leader in the domestic Internet field.

No project can ensure 100% success, even if it is just a possibility, it is worth investing. This is the investment principle of venture capital.

However, the project is a bit troublesome. Chen Qiaoshan is not only the controlling shareholder of Kangsheng, but also the president of Qingshan Capital, which is really incomprehensible.

Wang Gongquan knew that it would be difficult for entrepreneurs like Chen Qiaoshan to be moved by them without showing their greatest sincerity. After repeated consideration, he felt that 200 million should be able to break through Chen Qiaoshan's psychological defense line.

Now it seems a bit taken for granted.
Chapter completed!