At the intersection of a community in California, America.
Terus was wearing a basketball jersey and holding the most popular Sony-Walkman in his hand. He was listening to music with headphones.
He had arranged to play basketball with his friend Bryant.
After waiting for a while, his friend finally arrived.
Therefore, Truss took off his headphones and said,""Hey, bro, you're a little slow. I've been waiting for you for a while!”
Bryant also took off his headphones and smiled sheepishly."I was delayed by something just now. Let's go!”
"Yes!"
Trus nodded and took out a tape from his pocket, ready to change songs.
Bryant glanced at it and couldn't help but laugh.“comon! Brother, you're still using this old thing? Aren't you tired of carrying a few boxes of tape every day?”
Trus was stunned for a moment and looked at him in astonishment."How did the Walkman become an old-fashioned thing? This is the most classic Walkman!"
"Besides, if I don't bring a few more boxes of tape, do I have to listen to a few songs on loop? I'm not sick of it!"
Bryant smiled. He took out a pure white, exquisite music player from his pocket and waved it at TrTruss.
He whistled and said proudly,"There's no need to go through so much trouble. Just download whatever song you want to hear.”
"I wasted some time just now because I wanted to download the song. Moreover, this is much lighter than the old thing in your hand. You won't feel heavy even if you put it in your pocket!”
Bryant was holding a Z1 player.
Trus stared blankly at the Z1 player in Bryant's hand. He couldn't help but ask,""Bryant, is that a Walkman too? Also, I heard you say that you downloaded songs. What's going on?”
Bryant said proudly,"Bro, this is not your disused walkman. This was called an MP3 player, and it was the latest model!”
"With this, you don't need to bring any tape at all. You just need to download the songs you want to listen to. It's much more convenient than your old antique.”
"Besides, my MP3 player has 5G of storage space. It won't be a problem to download thousands of songs! I don't need to be like you, changing the tape whenever I want to listen to a song!”
Terus was shocked.
"This MP3 player can actually download thousands of songs?”
"Of course! Besides, isn't it much better looking than the old antique in your hand?”
Hearing this, Trus was immediately tempted and couldn't help but ask,""Brother, where did you buy this MP3 player? How much is it?”
"Wilma Supermarket sells them," Bryant said with a smile. Moreover, it could be bought for only 359 USD! Do you want to buy one later?”
"359 dollars…"
Trus hesitated for a while, then gritted his teeth and said,""Let's go, Bryant. Come with me to Wilma first!”
"Hehe, okay, then let's go to Wilma Supermarket first and then play basketball!”
Bryant smiled.
Similar scenes were playing out in many places in America.
The Z1 and D1 players had become a weapon for many people to show off.
Looking at the others who were carrying heavy Walkmans and had to change the tape from time to time, these people with Z1 and D1 players would flaunt the exquisite MP3 players in their hands, boasting that there were dozens or hundreds of songs on them.
Americans were very keen on pursuing trends and fashion.
The Z1 and D1 MP3 players were undoubtedly able to satisfy their pursuit.
Even those who bought these two very fashionable MP3 players had gradually formed a certain level of contempt for those who still used Walkmans.
This was especially true for the young people.
In order not to be looked down upon, the others were very tempted by the appearance and functions of these two MP3 players.
Therefore, many people went to buy it.
Some people might not be able to afford the Z1 model, but the two versions of the D1 model could be bought for only 159 and 189 US dollars respectively.
This amount of money was nothing to the Americans.
Thanks to the Americans 'pursuit of fashion and the gradual formation of the disdain for the Walkman, Zerun Technology's two MP3 players gradually ushered in an explosive increase in sales in the United States
... At the same time, on June 5th.
IDG's senior vice president, Jason, personally came to Zerun Technology.
He had already flown to Shanghai yesterday.
Lin Dong came with him.
Although the main investor of this financing was IDG's American head office.
However, since it involved business in China, it would be more convenient to be accompanied by people from the branch office in China.
Li Ze was also a little surprised to see Jason come in person.
He had thought that the other party would send a high-level executive over, but he did not expect Jason, the senior vice president, to personally fly all the way to Xia country.
"Mr. Jason, I didn't expect to meet you again so soon.”
Li Ze smiled as he welcomed him.
Lin Dong translated Li Ze's words to Jason.
Jason smiled and said kindly,""Li, I have high expectations for this meeting.”
After a pause, Jason continued,""In the past week, Zerun Technology's two MP3 products have sold well in Wal-Mart and Amazon!”
Obviously, Jason had been paying attention to the performance of the Z1 and D1 MP3 players in the US market.
This time, he would personally fly to Xia country to discuss the financing of Zerun Technology. It was also related to the sales of the two MP3s of Zerun Technology in the United States in the past week.
Sun Ting, who was standing beside Li Ze, quickly translated Jason's words for him.
Sun Ting was a top student at Shanghai Jiao Tong University, so her English was pretty good.
It was not a problem for him to act as a temporary translator.
"Hehe, thank you, Mr. Jason, for your affirmation of our company's two products. However, I think this is just the beginning. In the future, our company's two MP3 products will definitely achieve greater and more brilliant results!”
Li Ze smiled.
These words were obviously meant to raise the price for the subsequent negotiations.
Jason was well aware of this.
However, in his opinion, this was understandable.
After all, Zerun Technology's two MP3s had performed very well in the first week of their launch in the US. Moreover, it could be foreseen that there would definitely be an incomparably vast market in the future.
After the small talk, Li Ze, Jason, and Lin Dong were invited to the meeting room of the company.
Sun Ting also attended the event with the
After everyone was seated, Li Ze went straight to the point."Mr. Jason, this is not the first time we've dealt with each other, so I won't beat around the bush.”
"I wonder what your company's current valuation of Zerun Technology is?”
Hearing Li Ze's question, Jason also became serious and said,""Li, as far as I know, just over a month ago, our IDG China branch valued your company at 110 million USD, right?”
"Not bad."
Li Ze nodded.
Jason continued,"Considering the sales of Zerun Technology's two products in the first week of launch in the United States, as well as the expectations of the future market…"
"Of course, you have to consider the development of ZerZerun Technology in China.”
"Therefore, after careful evaluation by our company's appraisers, we believe that the valuation of this financing is around 160 million USD.”
"Of course, given the limited information our company can collect, it might not be that specific. This was especially true for the sales of the two products of Zerun Technology in the Chinese market.”
"So, I wonder if Li can reveal the specific sales data and profits of Zerun Technology's two products in China?”
Hearing this, Li Ze looked at Sun Ting beside him and said,""Vice-President Sun, I'll leave it to you to give Mr. Jason a general introduction.”
"Alright, President Li!"
Sun Ting replied.
Then, he said to Jason with a smile,"Mr. Jason, as of now, Zerun Technology has opened 37 direct sales stores in China.”
"Basically, it's in first-tier cities and provincial capitals with more developed economy.”
"As for the sales…
In the entire month of May, a total of 116,000 units were sold in the Chinese market. This is also because most of our direct sales stores will only open in the middle or late May.”
"According to the sales situation of all 39 stores after they open in late May, the sales volume in China is expected to exceed 200,000 units in June.”
At this point, Sun Ting paused slightly and said,"It's true that China's overall economy and consumption level are far inferior to that of the United States, but don't forget that China has a population of 1.3 billion.”
"With such a huge population, the number of users who can afford to buy the Z1 and D1 MP3 players is also extremely large.”
"In fact, to a certain extent, in the near future, perhaps the entire consumer market in China might not be inferior to that of the United States.”
Sun Ting's words were naturally to raise the company's valuation.
However, she was only scratching the surface and quickly returned to the main topic.
"Among the 116,000 players sold in May, the Z1 model accounted for about 15%, and the rest was the D1 model. The total profit exceeded 50 million Chinese dollars.”
"If converted to US dollars, it's more than six million US dollars!”
"In addition to the performance of the US market in the past week, I feel that your company's valuation of about 160 million USD is far from enough to measure the future potential of Zerun Technology.”
After saying that, Sun Ting looked at Jason quietly.
Li Ze also smiled.
If not for the fact that it was to deepen the interest binding with IDG's US head office, it would be easier for Zerun Technology to not be restricted by various aspects in the US market.
Just to pay for the music copyright, Li Ze could still find a way to gather the money.
Zerun Technology had made a profit of more than 50 million last month, although Zerun Technology could only use about 30 million.
After all, he still had to pay taxes, rent for the 37 stores in China, and pay the employees 'salaries…
But with the 11 million USD that he had previously raised from IDG's China branch, Li Ze only needed to transfer about 40 million Chinese dollars from Legend of Mir 2.
At the very least, Li Ze could still choose to borrow money from the bank.
Therefore, Li Ze was very confident in this round of negotiations.
Jason was also deep in thought at the moment, secretly weighing the valuation of Zerun Technology.
After a while, he raised his head and smiled at Li Ze.""Li, it seems that our company's evaluation of Zerun Technology was indeed low.”
"Considering the performance of Zerun Technology in the Chinese market mentioned by Ms. Sun just now, the valuation of Zerun Technology can be raised to 180 million USD.”
"I don't know, Li. What do you think?”
After a pause, before Li Ze could speak, Jason continued,""This time, our IDD American head office has come with full sincerity.”
"A valuation of 180 million US dollars, I think it is also in line with the current situation of Zerun Technology and part of the future expectations, isn't it?”
"Mr. Jason," Li Ze smiled."A valuation of 180 million USD is indeed not bad." However, I think this valuation is still too low.”
"Mr. Jason, you have to know that we have successfully bought all the music copyrights under the two major music copyright associations in the United States, ASPAC and MIB.”
"Next, our iMusic platform will be launched soon.”
"At that time, users will have to pay to download songs from our platform. This would be another big profit point for the company. In the future, the profit from music downloads might even exceed the profit from selling hardware devices.”
"Therefore, I think that Zerun Technology's current valuation should be at 240 million USD to truly reflect its value!”
Hearing Li Ze's words, Jason frowned slightly.
Li Ze's valuation had clearly exceeded his expectations.
After some thought, Jason said,""Li, 200 million! If it's higher, I think it's a little too much. At the very least, Zerun Technology's current valuation was far from 240 million USD.”
Although the valuation of 200 million USD was enough for Li Ze, he was still satisfied.
However, Li Ze naturally hoped to get a higher valuation.
Thus, Li Ze continued to negotiate with the other party.
In the end, both parties finally reached an agreement with a valuation of 220 million USD!
This valuation had already doubled compared to when IDG's Xia branch had raised funds for Zerun Technology more than a month ago!
This was mainly due to the good performance of the two products products of Zerun Technology in the first week after they were launched in the United States.
In addition to the explosive growth of the domestic market in May, as well as Li Ze successfully buying the copyrights of the two major music associations, ASPAC and BMW…
As for the amount of shares sold, it was only 10%!
In this way, Zerun Technology's equity structure became IDG's US 10% and IDG's China branch's shares were diluted from 12.6% to 11.34%.
Li Ze still held 78.66% of the shares!
After both parties signed the contract, Jason said that 22 million USD would be transferred to Zerun Technology's account within three days.
In just two days, IDG had already transferred the money over.
Li Ze also immediately paid 21 million USD to the two major music copyright associations, ASPAC and MIB, and obtained the copyright of the other party's music library.
…
June 10th.
Li Ze arrived at the Fengchi electric car factory.
Lu Liang Electric Bike Company's name change had been approved and officially changed to Fengchi Electric Bike Co., Ltd.
"Mr. Li, this is the first new electric car we made with the high-speed motor technology we bought from America. We've been testing it for the past two days.”
"The climbing ability of this electric car is obviously several grades better than the previous ones produced by the company, including all the electric cars on the market.”
"Basically, you can easily ride on a normal slope. In addition, the power consumption was also significantly reduced, and the battery life was greatly improved.”
"Also, the maximum speed has also increased significantly. The highest speed can even go above 40 km(h! This was much better than the current electric cars that could only drive at about 20 kilometers per hour!”
"The only drawback is that the cost of this high-speed motor is much higher. However, in terms of performance, our new electric car can definitely beat all the electric cars on the domestic market!”
The technical director of Fengchi Electric Bike, Liu Tiancheng, pointed at an electric bike in front of him and introduced it to Li Ze.
Li Ze nodded slightly and asked,"What is the cost of a high-speed electric vehicle? In addition, how was the failure rate of the motor compared to the original low-speed motor?”
"Boss Li," Liu Tiancheng quickly replied,"we've also calculated the cost. If it was mass produced, the cost should be within 600 yuan!”
"As for the motor failure…because the time is still short, our tests are not complete. However, based on some of the tests that had been carried out, it was much lower than the low-speed motor.”
"I can confidently say that our new electric car is definitely far ahead of any brand of electric cars on the market!”
"Very good!"
Li Ze nodded in satisfaction and said,""Let me try this electric bike!”
"President Li, you have to be careful," Liu Tiancheng quickly said. However, this electric bike was not much different from riding an ordinary bicycle. You just had to steer properly and use the right handle to control the speed.”
"Yes!"
Li Ze nodded lightly and immediately went into action himself. He rode the electric bike around the factory a few times.
After a few laps, Li Ze was quite satisfied with the performance of the electric bike.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]