Chapter 2463 Favor Capital

Zhou Buqi called Meng Houkun and asked him what happened.

If there's nothing too important, let's talk about it later!

Beauty is so affectionate, how can I live up to it?

Meng Houkun said that there was indeed something very important.

Zhou Buqi had no choice but to let him come over.

"By the way, clear all the Xiaomi around you and let the talents go." Meng Houkun reminded him kindly for the sake of Boss Zhou's face.

Zhou Buqi scolded: "What the hell, Xiaomi and Dami, do you think I'm the same as you?"

Nie Caijun was initially the financial director of Ziweixing, then promoted to vice president in charge of finance, then senior vice president, and finally promoted to chief financial officer, and also joined the board of directors and became an executive director.

In terms of position alone, Nie Caijun is much higher than Meng Houkun.

Meng Houkun's rank is M7, and Nie Caijun's rank is M8.

However, no one dared to show off in front of Meng Houkun. He was the famous "Jin Yiwei Commander" of Ziweixing, one of the core founders of Ziweixing, and a confidant of Boss Zhou.

It's a bit like the personal eunuch beside the emperor. Even the military minister has to be polite.

Meng Houkun's office was also on the seventh floor, so Zhou Buqi simply moved to his side.

Look at his secretary...

Ho!

She is a charming elder sister who is about forty years old. She has a graceful figure and a curved front and back. Especially in this winter, she is wearing black stockings. When she smiles, her eyes seem to be naturally charming.

If there was one word to describe her figure, for an experienced person like Zhou Buqi, it would be "comfortable".

This figure is absolutely comfortable.

This Meng Houkun is really too much!

When Meng Houkun saw him looking at him a few more times, he smiled and said, "What are you doing? Have you fallen in love with Sister Qing? Why don't you let Sister Qing book a hotel and give you a taste of it?"

He didn't shy away from it.

Said in front of his stunning secretary.

Zhou Buqi had a black line on his forehead, "Don't act like a fool!"

The beautiful secretary brought two cups of coffee, her pretty face glowed, she glanced at Meng Houkun and Zhou Buqi charmingly, and said with a smile: "The boss is so young and promising, but my body is not worthy of it."

Zhou Buqi smiled and said, "This person likes to joke, don't take it seriously."

The beautiful secretary named "Sister Qing" pursed her lips and smiled: "I listen to the leader."

Zhou Buqi glared at Meng Houkun fiercely.

Then he sighed secretly in his heart.

well!

This kind of beautiful woman in her thirties and forties still understands emotions!

Just like Ning Yaxian back then.

Just like Aunt Xue.

The little secretaries in my office are all beautiful, but they are all a little green, inexperienced, and lack the charm and charm left by the years. They really lack this kind of ambiguous feeling.

How about finding a few in the office...

"No, no!"

Zhou Buqi quickly put an end to such random thoughts.

Then he hated Meng Houkun.

I feel that this guy is so ignorant that he just leads me into a woman's ditch. He is really hopeless.

After a while, Nie Caijun came over.

Holding a large folder in hand.

The discussion was indeed at the capital level.

Zhou Buqi thought there was some trouble in the IPO process of Ziweixing and asked: "What kind of problem is it? The domestic side must have been given the green light all the way. Is it Nasdaq's trouble?"

Nie Caijun said with a smile: "It's not about the IPO. For an IPO of this level, all parties are working hard to advance it, and no one will put up obstacles. What I want to say is... well, before the IPO in August, Ziweixing Do you want to start a new round of financing in China?”

"ah?"

Zhou Buqi was slightly startled.

This is a bit unreasonable.

Ziweixing is not short of money at all!

There is now more than 17 billion yuan in cash in the account, and there is even nearly 200 million US dollars in foreign exchange cash. The sale of UC Group has not yet been officially confirmed, so this is not included.

Even if there is a lack of money, it will be listed in half a year. What is the significance of launching a new round of financing?

Nie Caijun said slowly: "In the past few years, domestic financial management was very strict and private private equity was not liberalized. When Ziweixing raised funds, it mainly used some large dual-currency funds."

The so-called dual-currency fund means that it has both U.S. dollars and Chinese coins in its account.

They are generally large-scale private placements.

In the past few years, domestic policies have not been liberalized. In order to do business, many private equity firms have to circumvent relevant restrictions and go abroad. That is to register a private equity fund overseas, then raise some U.S. dollars overseas, then return to China to apply for a license, and raise Huaxia coins domestically.

This formed the pattern of dual-currency funds.

A number of early-stage venture capital funds such as IDG, Sequoia China, SoftBank China, Daystar, Hillhouse Capital, and Capital Today that have been active in the domestic capital market in the past few years basically follow this outside-in process.

Nie Caijun continued: "In the past few years, the financial crisis has spread around the world. In order to activate the financial market, domestic restrictions have begun to be relaxed. Private private equity funds have begun to develop. Hundreds of them have appeared overnight. However, time has passed Missed it. Ziweixing has grown and does not need further financing."

Zhou Buqi then understood what he meant, "Open a round of financing specifically for these emerging domestic private equity funds?"

Nie Caijun nodded, "The domestic Internet market is booming and has entered the fast lane. If we only look at China and the United States, in the past ten years, the United States has been far ahead; now we have entered a new era of mobile Internet, and both parties have already Basically the same; in a few years, I even think that the domestic Internet industry can develop faster and better, and there can be a more active capital market."

Zhou Buqi agreed with this judgment, "I agree."

Nie Caijun said: "The domestic capital market is not the same as that of foreign countries, and there is a lot of human factors."

"Favor?"

Zhou Buqi doesn't know much about this. After all, this is an emerging market in China and he hasn't had much contact with it. His previous contacts were with world-class capital giants such as Sequoia and SoftBank, which are really just profit-seeking.

Nie Caijun gave an example.

Very exaggerated.

There was an entrepreneurial project A that needed financing, so I found a domestic venture capital fund, and then the two parties established a good relationship. With the help of this fund, entrepreneurial project A developed rapidly, and soon B was launched. Round, C, and D rounds of financing.

At this time, the venture capital fund invested in another project B.

The project is valued at 100 million yuan, with venture capital funds investing 20 million yuan, accounting for 20% of the shares.

But this Project B did not develop well, and it was about to die.

This is very unfriendly to the venture capital fund. Didn’t this investment fail? This will affect the performance of the fund, and it will be difficult to explain to investors?

what to do?

At this time, the venture capital fund can ask startup company A to help.

After all, A grew with the help of this venture capital fund. Now that the fund is in trouble, startup A has developed smoothly and should repay the favor.

Then, the internal blending begins.

Entrepreneurship Project A acquired Startup Company B through stock exchange at a price of 300 million yuan.

In this way, the problem is solved!

The venture capital fund invested 20 million yuan and held 20% of the shares. At that time, Company B was valued at 100 million yuan. Now Company B has sold 300 million yuan... This is a huge profit!

Invested 20 million yuan, sold for 60 million yuan, and made a net profit of 40 million yuan!

The performance is impressive enough!

This is not enough.

In this process, Startup Company A suffered a loss after all, and acquired Startup Company B at a high price with little actual value. Therefore, the venture capital fund will take 30%-50% of the profit of 40 million yuan and transfer it privately to the founder of startup company A.

The whole process went through.

The venture capital fund made a profit, and the founders of startup A made a profit. Even the founder of Startup Company B has made a profit and got rid of his troubles. He will be grateful to the venture capital fund and will give priority to cooperate with this venture capital fund the next time he starts a business.

In short, the domestic financial investment field is not mature enough, there are still many loopholes that can be exploited, and there is a large gray space.

In these gray spaces, the human factor is very important.

After Zhou Buqi heard about this case, he was quite eye-opening, "However, there seem to be many such capital-led premium acquisitions in the United States."

Nie Caijun said: "There are indeed many. Most of the time, the employers are playing Ponzi transactions, beating the drums and passing tricks down one level at a time, betting on the final listing. But there is an obvious difference, that is, this kind of trading in Europe and the United States Capital operations are all between institutions, and there must not be such private transactions where profits are divided between people. Domestic supervision in this regard is not strict enough."

Meng Houkun snorted, shook his head and said: "You know everything, but they don't know it? Without leaving some gray areas, how can those with great backgrounds make money legally? Isn't it easy to check the direction of the funds? Just Let’s see if you want to check it out.”

Zhou Buqi said angrily: "If you don't speak, no one will treat you as a mute!"