Chapter 161: So panicked that I accepted it all!
There is no doubt that Lu Shan's updating of Jiyue Browser so quickly was an act of demonstration, the purpose of which was to show off his muscles.
From operational ideas to technical level, it is far superior to its peers.
The updated Jiyue obviously has stronger user stickiness. Pete tried it and played for more than an hour without realizing it. He waved his hands and perfunctorily responded to his subordinates who came to report on their work.
Suddenly he realized that he had been fooled by Ji Yue's algorithm.
"I actually watched an hour of financial advice? And the development history of Jew Capital."
"No! No! We must take down Ji Yue!" Pete jumped up as if he was whipped, and then ordered the team to continue preparing materials.
The idea for the next meeting is to strive for more Class B shares and other profit-making terms, such as some business bet agreements.
If Jiyue fails to achieve the goal, it will have to pay liquidated damages. If it achieves the goal, that would be even better. While its own income will be guaranteed, Jiyue will also attract more attention.
Pete sorted out the situation and went to the headquarters to negotiate for a solution, but he didn't expect to be scolded.
"Are you mentally ill? You are planning to agree to such a clause! When you reported that the negotiation was not going well, we thought you were going to give up, but we didn't expect you to be so stupid! If this condition is negotiated, every entrepreneur will raise the threshold in the future. How can we carry out our work then? Let's put this matter on hold. If you want to negotiate, you have to pay for it yourself!"
"You are getting more and more confused the longer you sit in this position. The board of directors is considering whether to replace you. Ji Yue's conditions are not harsh enough to describe them. They want our money but not our management, and they don't even want to give us too much dividends. It's a joke!"
"Just go back to China and don't cheat IDG just for the sake of personal reputation!"
Pete's face looked very ugly, he didn't expect this situation, but for the sake of the project, he still tried to persuade these people.
"Gentlemen, Jiyue has a promising future. I can even assert that it will be the only one in this field in the end! No matter how much we invest, we will definitely benefit. This company will eventually reach a market value of more than 10 billion, so what does 5 million mean to us!"
In this era, talking about a market value of tens of billions is very advanced. If Lu Shan understood Pete's judgment, he would probably think it was too conservative. His goal for Jiyue is not just tens of billions.
However, Pitt's defense was not confirmed.
"Ten billion! You haven't even managed to get a five million investment done. Aren't you misjudging the UC project?"
"Jiyue only has one boss and one employee. How strong of a technical foundation can it have? Once a big company breaks through the algorithm problem, Jiyue will die. We don't need to surpass Jiyue in algorithm. If we have 60% or 70% of the level, we can grab customers through other content. Do you really think we don't know anything?"
"No matter what you say, let's stick to the original conditions. If we can't reach an agreement, then there's no point in talking. We can't make any more concessions!"
Pete's mouth was full of bitterness. His position was too conspicuous. After this setback, his competitors would definitely be ready to make a move. For example, the person in charge of the Yanjing area was working behind the scenes. As soon as he went down, he would immediately take the position of the person in charge of the Xiaguo area.
At this moment, there is one person who is very excited, that is Ke Xiaopeng from UC.
A few days ago, Pete went to Ji Yue to negotiate, and Ke Xiaopeng was worried.
Later I heard that the talks broke down, but I still didn't feel relieved. Negotiations never end in one go. There must be repeated twists and turns.
Even so, Ke Xiaopeng was surprised that Lu Shan dared to offer such a price. Such conditions did not seem like those of an entrepreneur.
Later, Ke Xiaopeng learned from his friends in the United States that Pete was ordered by IDG not to make any more concessions or even negotiate with Lu Shan. Only then did Ke Xiaopeng feel relieved.
Ke Xiaopeng said to his subordinates: "Jiyue's price is too high. IDG will definitely not be able to accept it. This is our opportunity."
Then he stood up and turned around twice, and made up his mind: "We can't just wait! Since IDG's negotiation with Jiyue was unsuccessful, we will try to win IDG's investment! Without Jiyue, IDG will have no choice!"
After saying that, he immediately contacted the senior executives at IDG headquarters who were familiar with Asian affairs. He was unsure about Pete's side, but he didn't need to worry about it. After this round, Pete would soon be out of the job. He might as well try to please other people who might have the potential to get promoted, such as the person in charge of the Yanjing region, who was very good, and the person in charge of the Shanghai market.
Pete did not hide what Ke Xiaopeng did. Who wouldn’t have two or three people at the headquarters leaking the news to him?
The top investment circle is very small, and any movement will attract much attention.
However, Pete is not in the mood to care about Ke Xiaopeng’s mess right now, because other top international capitals are starting to make unusual moves!
It is understood that Sequoia Capital and HSBC Holdings have begun to internally establish the project of Jiyue Company, and investment negotiations will be initiated as long as it is approved by the investment committee.
"IDG headquarters are all idiots! We saw the potential of Jiyue Company before they did, but they insisted on blocking this investment!"
Pete was very anxious.
But things were worse than he thought. Soon these big international capitals had substantive contact with Jiyue Company and put forward their own offers.
At this time, Pete actually hoped that Lu Shan would be more quiet and not agree so easily, so that he could think of more solutions.
The reasons why international capital is interested in Jiyue are almost the same as those of Pitt.
The simple equity structure, advanced algorithms, and extremely broad market prospects in Xiaguo make it impossible to ignore Jiyue.
Lu Shan did not show up and let Zheng Kaige go to negotiate. He did not need to make any promises, he just had to write down the conditions and report them.
The subsequent large companies were obviously more sincere. Some proposed 500 million US dollars in the first round for 13% of Class A shares, some proposed 600 million US dollars for 15% of shares, some only offered money without sending a team, and some said they could pave the way for the US listing, and the initial offering price would be increased to the highest in the industry. Lu Shan asked Zheng Kaige to announce each investment company he talked to on the website pop-up window, and did not announce the detailed conditions, but just said that he had a friendly discussion with so-and-so.
The word "friendly" should be highlighted in bold and red. It is purely disgusting to all investors, especially Pete.
The investors were not quite clear about who Lu Shan talked to and what happened, but at least he did not fall out with them.
As a result, the only ones who were at odds with Lu Shan were Pete's team. One can imagine how anxious Pete was.
Fishing with a straight hook is sometimes really useful, and the anxious fish will find a way to take the bait on their own.
"No! We can't put it off any longer!" Pete almost wore out the office carpet in the past two days. The mileage he walked around his desk so many times was enough to make him go abroad.
Pete was so anxious because he saw more problems.
There is no doubt about Jiyue's technical capabilities, and as the builder of the track, Jiyue will have the final say in the future market!
With such a promising prospect, how much money can you make?
Other investors have already made their move, and you may have to watch such a good profit opportunity being snatched away.
In addition, Jiyue’s advertising volume has increased significantly, which means that its profitability has also reached several levels.
Since they are all professionals, such data is not difficult to collect.
According to Jiyue's current development momentum, when Jiyue announces its performance this year, IDG will definitely not be able to acquire 500% of the Class B shares with 5 million US dollars!
"You are still too optimistic!" Peter added grimly after listening to his subordinates' report: "If Jiyue continues to develop like this, it will soon not need investment!"
No one in the team dared to talk to him. The old man had a sharp eye and it was very likely that he was right.
"Find me the loophole in the authorization given to me by the headquarters! I must win the Jiyue project!" Pete was determined and personally reviewed the terms with the team.
After a sleepless night, Pete actually found a loophole.
The headquarters only authorized 5 million US dollars, but did not make any specific requirements for the specific equity to be acquired. In other words, as long as Pete took 5 million US dollars, it didn't matter how much he acquired.
In fact, this is not a loophole.
500 million is not a lot in the entire IDG, but it is reasonable for the Xiaguo headquarters to obtain this authorization.
If it exceeds 1000 million, the equity ratio of investment in innovative companies must be approved by the headquarters board of directors.
"F**K! I finally found a loophole! Let's go now, we don't have time."
"Aren't you going to wash up?"
"Find a hotel to wash up after you get off the plane! Book a flight immediately!"
Just like that, a group of elites, who were bright and beautiful but obviously had messy hair, with bad breath, chewing gum, and smelling like they hadn't showered, boarded a plane to Jiangzhou University.
As soon as they got off the plane, everyone washed up and held a small meeting. Pete announced that he accepted all of Lu Shan's conditions, which was immediately opposed by some members.
"Headquarters won't agree!"
"The headquarters can only agree. Only amounts over ten million need headquarters' approval. I have full control over the five million investment. Have you forgotten the terms we reviewed together last night?" Pete didn't look happy. This member was obviously in the same mind as the headquarters, but he hadn't noticed it before.
"The problem is that headquarters is very angry about this matter. If you do this..." He didn't say the second half. Everyone knew what he meant. If you disobey the headquarters, you will easily be sanctioned, and you may even be fired directly.
But Pete's eyes were sharp and his mind was firm: "Just do it. If you are afraid, leave now. I will take responsibility for anything that happens. Then it will be my personal behavior and has nothing to do with the team!"
After that, Pete took a taxi and left, and the rest of the members followed one after another. The opponents immediately reported the situation.
Along the way, people kept calling Pete, but he refused and even sent emails in advance.
This time, Pete came to Jiyue and went straight to the point. Zheng Kaige reported, thinking that Lu Shan was really amazing, because Lu Shan had greeted Zheng Kaige and said that when Pete came again, he must accept everything and contact him immediately.
This time, the meeting did not take place at the mobile tea stall to drink small table tea, but they met directly at Ji Yue Company. However, the environment here seemed to have only an additional roof compared to the small table tea stall.
The signing went smoothly, except for the additional terms Lu Shan added that made Pete very confused.
That is, the profits are paid out in full quarterly, 10% of the profits are extracted as surplus reserves, 80% are distributed as dividends, and the 10% undistributed profits are used for the company's daily operations.
If all the money was divided up, the operation of the company would be borne by Lu Shan himself.
Lu Shan did this not because he was stupid, but because he had his own considerations.
Thanks to "缘起缘尽缘由缘" for the reward of 500 Qidian coins.
Thank you all for your monthly tickets!
Let’s go for it!
(End of this chapter)
