Chapter 788 (1/2)
As soon as the news of Li Dong's financing came out, the whole business community was shocked.
There are many reasons for the sensation.
As a private group, the composition of distant shares is not uncommon.
Many private enterprises are family owned.
However, it is almost invisible that private enterprises with a scale of more than 10 billion are still in the state of sole proprietorship.
The famous old Ganma of later generations has a valuation of less than one tenth of the distant group.
As for the giant Wahaha among the private enterprises, in fact, the equity is extremely complex. In fact, if it is a private enterprise, it is just like a state-owned enterprise.
After all, it should be the only private enterprise with a scale of over 10 billion in China.
In addition, Wang, the richest man in the future, is still busy with withdrawing the shares held by the employees and has not yet completed the privatization.
After counting, Yuanyuan group is still the simplest one among the ten billion group echelons.
The simpler the ownership structure is, the greater the operability will be, and the greater the profits will naturally be.
In addition to this, there are many advantages in the distance.
The pillar industry in the distance, the distant supermarket, has almost started the national layout at this moment, and is even close to completion.
Today, in addition to a few state-owned retail groups, the top three are stable in the field of department stores, if not the first.
Xinyijia, another company with similar situation as far away, should be xinyijia. However, the frequent bad news from xinyijia and the forced resignation of the former general manager have also resulted in xinyijia's inability to expand.
In the field of private department stores, it is not too much to call a overlord at this time.
Before the impact of e-commerce on the real industry, the retail industry is also the enterprise with the most abundant cash flow, so it is difficult for outsiders to get the opportunity to take shares.
At this time, the distance gives this opportunity.
Supermarkets are a little bit, but the supermarket industry attracts the attention of some domestic investment institutions.
Compared with the domestic investment institutions which focus on the entity, foreign capital institutions pay more attention to distant shopping mall and distant logistics.
In the last e-commerce war, Li Dong gave full play to its advantages.
At first, the distant mall was much weaker than that of taking out treasure, but eventually it was able to pull back the situation in terms of logistics. Even if Li Dong lost a lot of money, there were still many people who were optimistic about the combination of distant mall and distant logistics.
With this, Jingdong has attracted a large number of investment institutions.
Even if JD is losing money every year, even after listing, capital institutions willing to pay for JD are still flocking to it.
Of course, the loss does not mean that it does not really make money. Literally, it is because Jingdong has invested too much, which has nothing to do with other things.
In fact, JD has been making profits, otherwise the scale will not continue to expand.
In addition to the uncertain future of the real estate company, the other three subsidiaries have attracted the attention of a large number of investment institutions.
……
September 2.
Far away building.
Less than 24 hours after Li Dong disclosed the news of accepting financing, the distant inquiry telephone was about to be blasted.
Conference room.
Yuan Chengdao said excitedly: ”at present, we have received telephone inquiries from vcpe institutions such as KPCB, DST, accel, de Fengjie and today's capital.
Several institutions are very optimistic about us and hope to do a large-scale market research in the near future.
Of course, these companies are focusing on shopping malls and logistics. As for supermarkets... ”
When it comes to supermarkets, Yuan Chengdao hesitated for a moment and then said, ”because our supermarket system is nearly perfect, and we mainly focus on national brands, some foreign capital can't enter.
And the domestic private fund, the general strength is relatively weak.
I am more optimistic about the olive branch invested by other enterprises in the same industry. Compared with other institutions, these peer enterprises can bring us greater help and expand our channels and influence.
At present, there are still a hundred companies in Huarun who would like to talk to us. Mr. Li, do you think so
Li Dong said lazily, ”is there no one else but these two families? At this time, our goal is these two families. Do you want them to cooperate with distant places?
How did Suguo get captured at the beginning, don't you know?
Originally, Suguo was ready to go public, and even in East China, Suguo surpassed Huarun and Bailian.
Finally, Suguo became Huarun's. If Suguo had accepted financing from other channels, it would not be Huarun and Bailian that dominate the domestic retail market.
That's the lesson. Haven't you thought about it? ”
Yuan Chengdao gently coughed and said, ”naturally, we have also considered these, but the valuation of the distant supermarket is very high now. In addition, our supermarket channel is nearly perfect, VC firms are deterred. If PE companies enter, the top priority is to prepare for listing.And you said before
In addition, most of the large PE companies are foreign capital, so if they want to accept financing, they are more suitable for retail channels.
Of course, it's not that no one else is interested in supermarkets.
There are a lot of people who are interested, but there are not many organizations with this capital and strength. ”
Hearing this, Li Dong said helplessly: ”it seems that Internet enterprises are more popular. It's also true. From the current point of view, Internet enterprises have fast returns and high returns.
Once listed, there may be a return rate of 10 times and 100 times.
But the supermarket these traditional industries, the assets are here, most of them are fixed assets, even if listed, we can roughly estimate how much the increase will be. ”
This is also the reason why many traditional industries do not choose financing. There is no way for both sides to reach an agreement.
It's hard for traditional institutions to bring about explosive returns.
However, the underestimation of traditional enterprises by investment institutions has also made enterprises dissatisfied. For example, the actual value of the supermarket now far away may exceed 10 billion yuan.
If it is an Internet enterprise, the value of the enterprise is likely to be doubled several times or even dozens of times.
But in fact, there is no big difference between the valuation and the actual value of distant supermarkets by major investment institutions. Let alone dozens of times, doubling is a dream.
On the contrary, it is a distant mall with low actual value, which is more likely to be favored by investment institutions.
Li Dong also said casually that the traditional industry is not good, there is a point that Internet enterprises can not compare.
That is stability. Traditional enterprises with a large number of tangible assets have much stronger anti risk ability than Internet enterprises, as well as social influence.
Currently, there are thousands of Internet enterprises. Besides bat, how many others have social influence?
Entity enterprises are different. A real enterprise with a scale of more than 100 million yuan has a great influence in the local area and involves all aspects. Once a crisis occurs, the government's first reaction is to rescue the market and restructure the enterprise.
What about Internet companies?
If they fall, they will fall down. Not too many will fall down every year, and there are not a few local governments that provide for them.
All kinds of ideas flashed away in his mind. Li Dong didn't say much. He said, ”this time, we'll take distant shopping mall and distant logistics as the main body, and you are responsible for contacting those investment institutions.
As for supermarkets and real estate, since people don't like it, we don't have to rush to deliver them.
Let's shelve the financing plans of these two companies and see how much the other side can offer us in terms of the mall. ”
Yuan Chengdao did not refute the smell of speech, after all, the market is here, supermarkets and real estate companies are not as popular as shopping malls and logistics.
However, at the thought of Li Dong's 10 billion financing plan, Yuan Chengdao still reminded: ”Mr. Li, if we only focus on the mall and logistics, the possibility of financing 10 billion yuan is not great.”
”Why do you say that? When Ali got 1 billion US dollars in financing, it was not far from us. Let alone logistics. Ten billion dollars is more than one billion dollars.
What's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's more, what's
Yuan Chengdao nodded his head and said: ”at that time, it was true that Ali had just defeated eBay, and the main business of the other party at that time was not taking out treasure, but his B2B business. But there is only one mall on our side... ”
”Who said we only have a mall? PP as the second instant messaging software in China, although there is a big gap with QQ, it is also the second, isn't it worth money?
In addition, it is the ten thousand card business. Although the market share is low now, there can be a remote mall to support the bottom. The 50 million users of the remote mall will be transformed into 10000 cartoon users sooner or later.
Isn't it worth the money?
And the microblog that is about to go online soon. Why, it's not worth the money or what?