"Representative Lin, what is the current valuation of Zerun Technology?”
Li Ze asked.
"What President Li said earlier does make people have endless fantasies," Lin Dong said with a smile. However, the premise of all this was that Zerun Technology could successfully enter the US market and gain a foothold.”
"In this regard, I think IDG can provide help to Zerun Technology that cannot be ignored.”
"Therefore, we think that the valuation of Zerun Technology should be around 90 million USD. What do you think, President Li?”
Lin Yue, who was standing at the side, was secretly speechless when she heard that the valuation given by the other party had increased by a total of 20 million USD.
That was more than 160 million Chinese dollars!
However, Li Ze was still not satisfied with this price. He said indifferently,"Indeed. "If we can get your company's help, it will be easier for our Zerun Technology to enter the US market.”
"However, Representative Lin, don't forget that in the US, there is more than one venture capital company that has the same strength as your company.”
"So, the valuation of 90 million USD…Hehe, to be honest, in my opinion, it's still a little low.”
"Then, President Li, what is your estimated valuation?”Lin Dong asked.
"Representative Lin, you've kicked the ball to me." Li Ze smiled. Hehe, but there's no harm in saying it. I personally think that we should choose the future development prospects of Run Technology.”
"There is also the future market for MP3 players. The current valuation…120 million USD is considered acceptable. If it's lower than this valuation, I think we should look for other VCs to talk about it before making a decision.”
Lin Dong couldn't help but frown.
Li Ze's offer was exactly the bottom line Xiong Xiaoge had given him.
Although Xiong Xiaoge had said that the valuation of 120 million USD was acceptable, if he really negotiated based on this valuation, wouldn't he seem a little incompetent?
"Director Li, this valuation is too high." Lin Dong immediately shook his head.”
"I admit, I admit that what President Li said makes sense. I'm also optimistic about Zerun Technology and the future MP3 player market.”
"However, that is the future, not the present. How about this, 100 million USD. The valuation that we can accept is 100 million USD.”
"In addition, IDG wants at least 20% of the shares!”
After saying that, Lin Dong stared at Li Ze.
In fact, 100 million USD was basically what Li Ze had expected, but he obviously couldn't accept it just like that.
The other party had directly quoted a valuation of 100 million US dollars. Clearly, there was still room for further improvement.
Hence, Li Ze said," 100 million USD is still a little low. It's at least 115 million USD. Also, I can only sell 10% of the shares at the moment."”
" 10% of the shares is too little for IDG…"
The two sides fought for a long time. After an hour, Li Ze suddenly said,"How about this, Representative Lin, I agree to the valuation of 110 million USD, but only 10% of the shares can be sold.”
"In addition, I want the remaining 5% of Penguin Corporation shares in your hands.”
The other party was quite stubborn in terms of valuation, so Li Ze thought about it. Why not take this opportunity to get the remaining 5% of Penguin Corporation shares in the other party's hands?
Therefore, Li Ze made some concessions on the valuation.
Lin Dong pondered for a moment.
For him, or rather, for IDG, it was not unacceptable for them to transfer the 5% shares of Penguin Corporation to Li Ze.
IDG was not optimistic about Penguin's future prospects. Otherwise, they would not have sold 13% of their shares to Li Ze.
"Director Li, I think we should change our plan. We, IDG, have raised 11 million USD for your company at a valuation of 110 million USD, occupying 10% of the shares.”
"As for the 5% of Penguin Corporation shares that President Li mentioned, we will make another price and exchange it for Zerun Technology's shares at the same valuation.”
"What do you think, President Li?”
Li Ze thought about it and found it acceptable.
5% of Penguin Corporation's shares were worth a few million dollars. If he exchanged it for Zerun Technology's shares, he would only need to give up two or three points of shares.
This way, the 5% of Penguin Corporation's shares would be his.
Li Ze nodded and said,"Sure!" Then the 5% shares of Penguin will be calculated according to the valuation of the shares I acquired last time?”
Lin Dong shook his head with a smile." You must be joking, Mr. Li. It was more than a month ago when you bought the shares of Penguin from Xiangjiang Yingke Digital.”
"How can you calculate the value of these shares based on the valuation at that time?”
"Then how much does Representative Lin think we should calculate it at?”
Li Ze asked.
"How about 60 million USD?" Lin Dong thought for a moment and said.”
Li Ze thought for a moment and shook his head slightly." 60 million is a little high. I think 58 million is more suitable. If Representative Lin agrees, then we will calculate according to this.”
"If it doesn't work, then forget it…"
Li Ze immediately retreated.
Lin Dong pondered for a moment and finally nodded." Alright, let's do as President Li says. The 5% of Penguin Corporation's shares were priced at 58 million US dollars and then exchanged for Zerun Technology's shares.”
"Alright, then, I wish us a happy cooperation!”
"Happy cooperation!"
Li Ze and Lin Dong both smiled and stood up to shake hands.
Overall, both sides were quite satisfied.
The next step was to sign the specific equity transfer contract.
Both sides were prepared.
They found a lawyer to draft the contract. After both parties read it, they signed and stamped their seals.
In the end, the US International Data Group received a total of 12.6% of Zerun Technology's shares. They paid 11 million US dollars and 5% of Penguin Corporation's shares.
As for Li Ze, after he got the 5% shares from IDG, his shares in Penguin reached 46%!
This was also something to be happy about for Li Ze.
In addition, Zerun Technology had also received 11 million US dollars in funding. Zerun Technology would not lack the funds needed to enter the US market.
However, this sum of money was far from enough to buy music copyrights from major music copyright companies.
However, he could wait and see.
It was also good to continue to raise funds. Perhaps when he had enough funds in his hands, he could also invest in Zerun Technology.
"Representative Lin, then I'll have to trouble your company to help us negotiate the sales channels for Zerun Technology's entry into the US market.”
After the contract was signed, both parties became happy and harmonious.
Lin Dong smiled." Don't worry, Director Li. When we get back, I'll contact our company's headquarters in the United States and use their connections to find sales channels for Zerun Technology's two MP3 players."”
"However, CEO Li will have to get someone to negotiate with those channels.”
"Yes."
Li Ze nodded and asked,"Then, when will it be?"”
"About ten days," Lin Dong said after some thought. I'll give you a message within ten days."
"Good! Then I'll be waiting for your good news…"
Li Ze smiled.
After sending off Lin Dong and the others, Li Ze couldn't help but sigh.
Lin Yue couldn't help but sigh."I didn't expect our company to be so valuable. 110 million USD…That's nearly 900 million Chinese dollars!”
"If that's the case, CEO Li, with the addition of Legend of Mir 2, your net worth has already entered the ranks of one billion!”
Lin Yue exclaimed.
Li Ze was stunned for a moment before he smiled and said,"One billion? I didn't even realize that I was already so rich, hehe!”
Lin Yue couldn't help but smile.
"By the way, I haven't thanked you for the house you gave me. Yesterday, President Shen and I went to take a look and signed the contract.”
"I didn't expect to own a 160-square-meter house in a prime location like Shanghai's Bund so quickly!”
"It's just a house." Li Ze smiled. President Lin, you're the general manager of a company with a valuation of 900 million Chinese dollars.”
Hearing Li Ze's teasing, Lin Yue smiled in embarrassment…
In the blink of an eye, it was the weekend.
Lin Yue had already followed Li Ze's instructions and hired a software development team.
Li Ze also talked to the team about some simple ideas and requirements for the music platform. The rest was for them to write the specifics.
In addition, Li Ze also gave his own music platform a name. It was directly called 'iMusic' platform!
It was simple and clear.
It was obvious that it was a music platform.
……
Saturday morning.
Li Ze drove his son, Li Dong, to the Glorious Sunlight Palace.
"Dad, why did you bring me here?”
Li Dong sat in the car and looked out the window at the residential buildings that had just been built or were still under construction. He could not help but ask suspiciously.
Li Ze glanced at him and chuckled. As he turned the steering wheel into the parking lot of the marketing center of Glorious Sunlight Palace, he was about to speak.
However, at this moment, an electric bicycle suddenly came in the opposite direction and almost crashed into him.
Fortunately, Li Ze reacted in time and immediately stepped on the brakes to stop. The other party also dodged in an emergency, and only then did he narrowly brush past the front of the car by dozens of centimeters.
If Li Ze had reacted a little slower, or if the other party had not dodged in time, he would have definitely bumped into him.
Seeing the other party leave, Li Ze heaved a sigh of relief and could not help but curse,"He actually dares to go against the traffic on an electric bicycle. He's really not afraid of death!”
"Fortunately, it's an electric bicycle. Its speed isn't fast. If it was a motorcycle, we would definitely have crashed into it!”
Shanghai had banned motorcycles two years ago, and there were basically no motorcycles on the road.
However, electric bicycles took advantage of the situation and gradually became popular in Shanghai.
Although the speed of the electric bicycle was far inferior to that of a motorcycle, it was still much faster than an ordinary bicycle. Moreover, it was more energy-saving. Naturally, it replaced motorcycles and ordinary bicycles and became the means of transportation for many people.
Hearing Li Ze's scolding, Li Dong looked at the electric bicycle that was leaving and seemed to be deep in thought…
At the same time, Li Ze's son, Li Dong, suddenly spoke in his mind.
Electric bicycles…This was a huge consumer market in the future. If China used to be a kingdom of bicycles, then for many years to come, China would be a kingdom of electric bikes.
Almost every city, big or small, was filled with electric vehicles. Especially during the rush hour, the electric scooters lined up in rows. It was simply…
However, I remember that electric bicycles nowadays seem to be quite stretched. Most of them use low-speed electric engines, and the electric engines often break down after three to five months.
Moreover, the climbing ability was worrying. If the slope was a little steep, they might have to rely on people to push them up. It was simply a scam.
Even so, there was still a large market for electric bicycles.
Hmm…Let me think, it seems that the United States already has high-speed motor technology?
If he could get high-speed motor technology and use it on electric bicycles, not only would the motor have a longer life and a lower failure rate, but it would also save electricity and greatly improve the endurance. The climbing ability was on a different level compared to low-speed motor!
If there was an electric bicycle with high endurance, low malfunction, and strong climbing ability, as long as the price was not too expensive, it would definitely sell like hotcakes!
Moreover, the technical barrier to electric bicycles was low, but it could also be used to accumulate technology and slowly develop into electric vehicles in the future.
In the future, even if the brakes were to fail, they would be able to sell hundreds of thousands of cars in the country. There were also domestic electric car companies like Little Roc, Wei Lai, and Biadi, whose sales were also very good.
More importantly, the market value of these electric vehicle companies was ridiculously high, easily reaching the market value of hundreds of billions of Chinese dollars!
Thinking of this, Li Dong suddenly said to Li Ze,""Dad, it seems like there are more and more electric bicycles in Shanghai recently. Although this kind of electric bicycle was not as fast as a motorcycle, it was much more convenient and energy-saving than an ordinary bicycle.”
"However, I heard from my classmate that the electric bicycle his parents bought broke down after only a few months. Moreover, it seemed that he couldn't even drive up a slightly steeper slope.”
"I heard that it seems that the motor isn't working. If they had a good motor, these electric bicycles wouldn't break so easily, and they wouldn't be unable to climb uphill.”
" I just don't know if there's such motor technology overseas. Otherwise, if we can bring it back and use it on this electric bicycle, I think many people will be willing to buy it…"
Li Ze, who had heard his son's thoughts, naturally understood that he was deliberately hinting at him to get into electric bicycles.
Therefore, Li Ze cooperated and pretended to be thinking seriously. Then, he pretended to be moved and said,"Little Dong, your words reminded me.”
"You don't say. Recently, there have been more and more electric bicycles in Shanghai, which means that the market prospects for electric bicycles should be good.”
"Well, it just so happens that I might have to make a trip to the United States in a while, or send someone else. At that time, I can find someone to ask if the United States has any relevant advanced technology in this area.”
"If there is, we can bring it back and set up an electric bicycle company. It might have a good development…"
As he spoke, Li Ze secretly glanced at his son's reaction.
When Li Dong heard this, he was obviously secretly relieved, and his heart sounded-
Phew, Dad is indeed becoming more and more awake. As soon as I hinted, he immediately thought of making money in business. It seemed that his father was now a very qualified businessman!
His business sense was really sharp!
However, electric vehicles were indeed a huge market in the future. Not only in China, but also in Southeast Asia.
When his father really started the electric bicycle company, he could slowly guide him to develop the technology of electric vehicles in the future. Perhaps he could really make a car that belonged to China in the future, and it would be a car with brakes…
Listening to his son's inner thoughts, he thought about what he had mentioned before. In the future, the market value of those electric vehicle companies could easily reach hundreds of billions.
Li Ze was naturally tempted.
After all, who would complain about having too much money?
Besides, with the money he had earned from Legend of Mir 2, other than investing it in Zerun Technology to enter the US market, he did not have any other good projects to invest in for the time being.
However, Zerun Technology no longer belonged to him alone.
After introducing IDG's financing, he would have to discuss with the other party if he wanted to invest in Zerun Technology in the future, even if he had absolute control of the company.
However, out of respect for the shareholders and the fact that the US market still relied on the other party, the company was not a big deal.
Li Ze naturally could not act arbitrarily like he did in the past.
It was better to communicate with the other party.
The electric bicycle project was indeed a good project. If it was really done, it would definitely make money. It was just about earning more and earning less.
Including what his son had mentioned in his heart, the development of electric vehicle technology in the future was also a very good direction…
" It seems that when the time comes, whether I go to the US personally or ask Lin Yue to go, I'll have to find someone, or I'll just ask the people from the US International Data Corporation to help check if the US has the high-speed motor technology that Xiao Dong mentioned.'
" I believe that the people from the US International Data Corporation won't reject such a small favor.'
While he was thinking, Li Ze slowly drove the car into the parking lot outside the marketing center of Glorious Sunlight Palace and parked the car.
"Xiao Dong, get out of the car!"
Li Ze opened the car door and got out.
"Oh, okay!"
Li Dong responded and got out of the car. Then, he could not help but ask,"Dad, did you bring me here to buy a house?”
Li Ze glanced at him and chuckled.""You'll know later. Let's go!”
As he spoke, Li Ze brought him to the marketing center…
This book comes from：m.funovel.com。