My Age of Investment - Chapter 1542 Attack on all sides

   Chapter 1542 Attack from all sides

  Sun Zhengyi is a straightforward person. A few days later, he signed the D-round financing intention investment agreement with Xia Jingxing and other domestic holding group shareholders in Beijing.

  According to the agreement, SoftBank will invest 1.6665 billion US dollars to acquire 5% of the shares of the domestic holding group;

  DCM also invested US$60 million to maintain the original 1.8% stake without dilution;

  The four major VCs including Capital Today, Cybernaut, Northern Lights and Hanergy Investment Group each invested US$55.33 million and continued to hold 1.66% of the shares in the domestic holdings respectively;

  Chen Hong personally invested US$111 million and continued to hold 3.33% of the shares of the domestic holding group in his own name.

This share was acquired by Chen Hong and Xia Jingxing in the acquisition of two Korean game companies, Shimankai and Neople. At that time, Xia Jingxing contributed 80 million and Chen Hong contributed 20 million of the 100 million US dollars, so the latter held the stake. 20% stake in two game companies.

   The latter two game companies were acquired by the domestic holding group by issuing new shares, so Chen Hong obtained 3.33% of the shares of the domestic holding.

   In order to maintain these three or more shares from being diluted by financing, Chen Hong paid a price of more than 100 million US dollars.

   This amount of money is not a small amount for Chen Hong, but he still chooses to believe in Xia Jingxing as always, and is extremely optimistic about the future development of domestic holdings.

   Compared with Chen Hong and several other VC institutions actively participating in the D round of financing, Facebook, another major shareholder of the domestic holding group, was less interested and gave up this round of co-investment, and the shares were diluted to 9.42%.

Christina explained the reason to Xia Jingxing, probably summed up because Facebook could not enter China, the strategic investment in domestic holdings has been transformed into financial investment, and the development of domestic holdings is extremely mature, in other words, the valuation is too high. High, there is not much investment interest.

   The share of co-investment that Facebook has given up, and the remaining financing gap, are all covered by Daxia Capital.

In the end, Daxia Capital invested 1.276 billion US dollars and acquired 3.83% of the shares. In addition to the 52.72% of the shares transferred from Vision Capital to Daxia Capital, Daxia Capital held a total of 56.55% of the shares in domestic holdings, which belonged to Xia Jingxing exclusively. one's.

In addition, due to not participating in the D round of financing, the remaining shares in Envision Capital's hands are diluted to 12%. Like Facebook, the shares of the domestic holding group are also the investment targets of the S fund, so after penetrating the complex fund structure, Xia Jingxing also indirectly holds half of the shares of domestic holdings, which is 6%, through Vision Capital.

   Vision Capital and Daxia Capital together, the total shares actually held by Xia Jingxing are 62.55%, which still maintains a fairly high proportion.

  …

   After signing the Intentional Investment Agreement, there are still some due diligence procedures to go through, and then the payment is made. After all, it is a transaction equivalent to 22 billion RMB, and it cannot really be done by Xia Jingxing and Sun Zhengyi in a few words.

   However, although the financing has not yet been officially received, the domestic holding group has been operating at full speed, and there have been frequent major moves in the recent period.

   The first thing that caused a sensation in the industry was the official cooperation between the domestic holding group and the 360 ​​company.

According to the signed strategic cooperation agreement, 360 has set its website navigation and the search engine of 360 browser to Sogou, plus the Sogou browser and the UC browser that has been changed, only using Within a week, Sogou's market share in search engines increased from 1% to 10%, and both Qianxun and Google China's market share declined to varying degrees.

  Chihiro's market share had already reached 75%, and it was still climbing, but Sogou's "coupling vertical and horizontal" strategy suppressed its upward momentum.

  Google had already announced its withdrawal from the mainland market and relocated its servers to Hong Kong Island, but it did not immediately stop its search services for mainland users, and was still in a state of "reluctance" and "wait and see".

Sogou suddenly made such a move and directly squeezed Google China's market share from 20% to less than 15%. It is estimated that it will not be long before Google China's market share will be divided up, and then it can truly announce its withdrawal. Mainland market.

   In the office on the 49th floor of Block A of Hainei Building, Xia Jingxing was talking on the phone with Zhou Hongyi, who had made great contributions.

   "Mr. Xia, did you see that? Robin Li is anxious, saying that our alliance is a despicable act that harms the rights and interests of users and brings a bad online experience to users.

   was still loudly saying "Chihiro is not afraid of any challenge", I think he was intimidated by the battle we made together. Hahaha~"

   Zhou Hongyi on the other end of the phone smiled very happily. This time, joining forces with Xia Jingxing to teach Robin Li a lesson was something he never dared to think about in the past.

  Xia Jingxing was willing to take the lead, so he naturally had to follow the organization closely. Besides, President Xia was not in vain, and he spent a lot of money on the activities.

   After all, 360 not only made money, but also released the bad anger in his mouth and chest. Thinking of this, Zhou Hongyi felt very happy.

  Xia Jingxing smiled slightly, "Chihiro's market position is not so easy to shake, this is the first round, don't jump to conclusions, and don't underestimate Chihiro."

   "Reminder! But no matter what, we all stood in front of Chihiro with our heads held high this time, and Robin Lee didn't dare to ignore our strength.

   In the past, the reason why he regarded our small companies as targets of exploitation and oppression was that he felt that his hegemony was as solid as a mountain?

  It's all right now, I believe he can understand the reason why more ants kill elephants. "

   Speaking of this, Zhou Hongyi paused for a while, and then said: "Oh~, by the way, President Xia, I have to remind you one more thing.

   Recently, many netizens have reported that Sogou's search results are not as accurate as Qianxun's?

   It’s not that I’m talking too much. We must pay attention to this issue and improve it immediately. Otherwise, netizens will definitely lose confidence in Sogou and go back to using Chihiro.

and…"

  Xia Jingxing asked with a smile: "And what? And the users of the 360 ​​browser and website navigation will also be lost because of this, right?"

   Zhou Hongyi smirked, "Mr. Xia, I didn't mean that, I just wanted to remind you."

   "It's okay, I understand. Wang Xiaochuan's team has been working overtime to upgrade the Sogou search engine recently, and we will see results soon."

   "Oh, then I'm relieved."

  Xia Jingxing continued to ask: "When does 360 plan to submit the prospectus?"

   "Wait a minute, our revenue should increase by leaps and bounds in the most recent quarter."

  Xia Jingxing laughed and said, "I think you are urging the domestic holding group to make money quickly."

   "No such thing, a boss as big as you can't run away, right?"

  Xia Jingxing smiled and did not speak, the domestic holding group gave 360 ​​a large contract, how big is it? $50 million.

  Only 50 million US dollars can cover 3601 whole years.

   Of course, this was looking at the money from Xia Jingxing’s point of view, thinking that with such a small amount of money, it was very cheap to buy a ticket to board the big ship of the search engine.

   And looking at this money from Zhou Hongyi's point of view, that is - President Xia gave too much.

   You must know that the revenue of 360 in 2010 was only 57.7 million US dollars. In other words, 360 was quite worth it.

  360 claims to have more than 300 million users at this time, but the corporate revenue is not comparable to that of the first-tier Internet companies Qianxun and Domestic Holdings, even the second-tier Sohu and Sina.

  360's commercial realization is really bad, so this is why Zhou Hongyi later tried his best to enter the search engine market. You can't always let middlemen make the difference, and you have to connect with customers yourself.

After    encouraged Zhou Hongyi a few more words, Xia Jingxing hung up the phone and started replying to work emails.

   After entering the new year, the domestic holding group not only made a big attack in the search engine market, but also made great efforts in many fields.

  For example, this email sent to him by Zhang Zhao, if it spreads out, will definitely shake the entire entertainment industry and the online video industry.

"The second phase of the 10 billion fund of Hainei Wentou has been fully raised, and it is planned to cooperate with more than ten top domestic film and TV production companies, such as Zhongqing Film and TV, Huace Film and Television, to cooperate in the next three years to shoot more than 100 films exclusively for Tudou.com The fine film and television series of…”

   Seeing this, Xia Jingxing couldn't help showing a smile, Zhang Zhao's big plan was instructed by him, and the purpose was naturally to end the chaos in the online video industry.

   After seeing Tudou's determination, how would companies like Kiwi Video and Youku Video react? Sitting still? Or towards mergers and integrations?

  No matter what choice they make, this war "starting from online video and affecting the entire cultural and entertainment industry" is bound to escalate.

  Thinking of this, Xia Jingxing suddenly remembered the "Shushan Swordsman Biography" series of films that he had hand-picked. This major film and television project that had been stagnant for a while was finally restarted.

Not only did Xu Ke go out to direct, but also signed cooperation agreements with several world-renowned special effects studios such as Industrial Light and Magic in the United States and Weta Digital in New Zealand. ~300 million yuan has become 100 million US dollars, and the extra part is paid by Zhang Zhao, the Huang brothers, Yu Dong, Wang Changtian and other half of the entertainment industry bosses.

  Xia Jingxing doesn't really care about issues like loss and risk sharing. He just hopes to make a movie that suits his heart and at the same time inject an innovative and upward energy into the entertainment industry.

At the same time, the game of the same name developed for the movie by Shushan Studio, a subsidiary of Domestic Games, is now halfway through development, and will almost be brought to the market together with the movie. Xia Jingxing is also looking forward to this project, and it can be said that he has high hopes. .

   In addition, there is the battle with the penguins, and it is time to enter a new stage this year.

  Xia Jingxing planned the development goals and tasks for this year in his mind while replying to the email.

   (end of this chapter)