Chapter 867 (1/2)
Ding Zhenglin is a veteran of playing capital. He naturally realized that under the stimulation of such good news last night, the valuation of Muye technology must be recalculated.
In fact, the valuation of enterprises is not rigorous at all, especially in the emerging industry of Internet. The valuation of enterprises is even the same as the appearance fee of stars, and they often do roller coasters.
If you compare an enterprise to a star, under normal circumstances, the movie's salary is one million yuan, if you go to a spring festival gala, or take the crap luck to take on a supporting role in a major Hollywood production, then his value may increase more than ten times overnight;
on the contrary, if a star's salary is ten million yuan, but suddenly there is a huge scandal, No one dares to ask him to make a film when the appearance fee may drop to a million, just like the share price in the stock market crash, which has been flowing for thousands of miles.
If you stand on the tuyere, any Internet enterprise that has been established for less than a year is likely to succeed in financing with a value of more than 100 million yuan. If the wind stops, such enterprises will be smashed in a flash.
Li Mu is now standing on a strong tuyere. This tuyere is blown by the favorable policies of the state, which has a huge impact on the valuation of enterprises.
Ding Zhenglin asked Li Mu, ”Mr. Li, what do you think is the screening criteria for a new quotation?”
Last time, Li Muding started a negotiation with 10 billion yuan. If the price is higher than this price, you will have a chance to continue the negotiation. If it is lower than this price, it will not be discussed.
This time, after a little thought, Li said to Ding Zhenglin, ”since the overall coefficient is 1.5 times sincere, we will directly use the split Muye technology to talk with the capital this time. We will stick out the business line, the game business, and the Muye image. After all of them are separated at the capital level, we will take our YY closed-loop to talk with them.”
Ding Zhenglin said: ”President Li, the government's promotion of the development of the industry can at least increase the financing of Internet enterprises across the country by 20% or more. We are the leading enterprises in the domestic Internet. We benefit the most from the overall favorable policies. Coupled with our strong government relationship, the premium is naturally higher. I think we can directly double when we talk about valuation. ”Li Mu is a technical person with insufficient grasp of the capital market. He thinks that 1.5 times is arrogant. He can't imagine that the company's valuation can achieve double overnight.
Ding Zhenglin realized Li Mu's self doubt and smiled with a slight smile. ”Li, the Internet bubble era, you must have never experienced your own experience. Let's not mention the valuation of Double overnight. I have seen a product that has doubled five times overnight. I told you, before last night, the Chinese Internet was slightly cautious, depressed and cold. Last night, the two branches of the wild technology and Taobao were developing rapidly. Last night, the Chinese Internet industry immediately entered a gradually heated state. Once the national policy was moved, the capital was also in the mood. Now we would like to take advantage of the opportunity to invest more in several companies. Otherwise, some favorable policies will gradually come down. When the industry is overheated and the bubbles are blown up, the valuation will be higher.
Li Mu nodded after listening.
Ding Zhenglin also has a point. Sometimes, production alone is not enough and pricing is necessary. As a leading enterprise like Muye technology, there are almost no competing products at the same level in the Chinese market. Therefore, there are not many rigid standards for valuation. What the negotiation table is about is their own control and control over their own rivals. The buyer's pursuit is to shout out the bottom line of each other and die The seller's pursuit is just the opposite. He shouts out the upper limit of the other party and seizes it.
The bottom line of the seller and the upper limit of the buyer may be several times and dozens of times different. Because of this, all kinds of commercial spies emerge in an endless stream. If you know the bottom line of the other party in advance, you can never be disadvantaged.
Therefore, Li Mu is not sure how much the value of Muye technology can be finally negotiated, so he decided to entrust it to professionals and let Ding Zhenglin try his best.
……
Today is the first day of the report of the Lord Lei. As the No. 3 person next to elder martial brother Liu on taobao.com in the future, Li Mu attaches great importance to it. The same is true for elder martial brother Liu.
Originally, elder martial brother Liu wanted to come back today. In the evening, he and Li Mu invited Lord Lei to have dinner and drink some wine. He was officially welcome to join the Taobao team. But because Li Mu put on such a strong pressure in front of the whole nation last night, elder martial brother Liu was going to the airport in the early morning. He received the phone calls from the Top Secretaries of many provincial capitals.