Chapter 869
Rights Issue System, 16 Billion Yuan in On-Site Subscriptions
Lei Jun sat to Wang Donglai's right, wearing his signature dark blue shirt with the cuffs casually rolled up, revealing the Xiaomi Mi Band he had worn for ten years.
He was gently stroking the rim of the wine glass with his index finger, a gesture familiar to those who knew him—he was calculating, calculating frantically.
Jack Ma sat opposite him, leaning back with his hands crossed over his abdomen.
He appeared thinner than in public, his eyes squinting like an old cat assessing its prey.
The representative of Taotian Group sat next to him. She was a woman in her forties, wearing a custom-made suit, with a notebook open in front of her, but not a single word written.
Ma Huateng sat at the other end of the long table, almost hidden in the shadows.
During this meeting, he spoke very little, and when he wasn't speaking, he would occasionally exchange a few words in hushed tones with the investment president of Tencent Group next to him.
The president's surname was Chen. He was in his fifties, his hair was neatly combed, and his suit jacket was buttoned up to the top.
"Donglai, we've been old friends for a long time."
Lei Jun finally spoke, breaking the thirty-second silence, and said, "From what I'm getting at, you're planning to spend these 300 billion within a year. Is there really a need to be in such a hurry?"
Wang Donglai laughed, his smile full of confidence, and said, "Because what I want to do is disrupt, to transform, to reshape the entire industry."
"Therefore, speed is essential, and investment must be substantial."
"With this figure of 300 billion, it means that in these industries, our competitors have no way to deal with it. They can either throw money at us like we do and kill us, or they can wait for us to develop and then follow in our footsteps."
There is no other possibility!
"Within one year, I want to establish a firm foothold in the market. In the following two years, I will continue to maintain and increase investment to completely reshape the market industry."
"Of course, since it's an investment, there are naturally risks involved."
“With such a large amount, I understand that everyone is worried that the money invested will be wasted.”
"Therefore, I have prepared another supporting measure here."
Rebus immediately became interested; what Wang Donglai said was exactly what they were worried about.
Investing involves risks. With such a large sum of money invested, given Wang Donglai's domineering personality, they probably don't have much room for maneuver.
Wang Donglai was determined to lose all that money, and there was nothing they could do about it.
Now that Wang Donglai has spoken directly and mentioned that there will be supporting measures, it has naturally piqued their interest and put their minds at ease.
"Rights issue policy!"
Wang Donglai uttered these four words like a magician revealing his trump card, saying, "The amount of this round of financing will be directly converted into shares of Galaxy Technology's parent company."
These words immediately made everyone in the room sit up straight, and even their expressions became expectant.
"For every 10 billion yuan raised, we will acquire 0.1% of the shares, with a maximum of 1%."
For 10 billion, you can only get one-thousandth of the shares!
Ten trillion!!!
Galaxy Technology is valued at ten trillion!
For a moment, even though everyone present was a business tycoon with a net worth in the hundreds of millions, it was as if they were all business tycoons.
They were also taken aback by Wang Donglai's valuation.
Although it has been said that Galaxy Technology's market value exceeds one trillion, there is no specific figure for its actual market value.
With a scale of ten trillion, it is one of the most top-tier company valuations on a global scale.
At this point, Wang Donglai added, "And the parent company's shares mean sharing the profits of all subsidiaries, including future ecosystem companies such as Galaxy Supermarket, Galaxy Finance, and Galaxy Education."
There was another silence, but this time it was different.
Lei Jun's fingers tapped silently on the table; Jack Ma took off his glasses and slowly wiped them with a velvet cloth; Ma Huateng and President Chen exchanged a glance, so subtle as to be almost imperceptible.
Taotian Group, the company with the highest market capitalization in China, currently has only $500 billion, which translates to a market value of over 3 trillion.
Each of Galaxy Technology's subsidiaries is quite valuable.
With hundreds of millions of users in China, including Neihan, Toutiao, and Douyin, and among the top in daily active users, each of these apps can easily be valued at over 100 billion yuan.
As a short video platform, Douyin has great potential for development, whether it's live-streaming e-commerce or building a community.
This doesn't even include Douyin's own information flow advertising revenue; the revenue from this alone could easily reach tens of billions.
Now, Pinduoduo has gone public with a market value of hundreds of billions of dollars.
As a private aerospace company, GalaxySpace has not done much commercialization, but its prospects are extremely broad and full of potential.
Having successfully landed on the moon, the plan is to establish a lunar base and prepare for space exploration.
Not to mention Galaxy Semiconductor, the value of its lithography factory alone is enough to support hundreds of billions.
When combined with photoresist, advanced packaging, EDA design software, mask stages, and so on, a rough industrial chain is formed, and the value becomes even greater.
Galaxy Energy's annual revenue exceeds 100 billion yuan thanks to its Xuanwu batteries, with extremely high profit margins.
Evergreen liquid, contact lenses, choleretic and liver-soothing tablets, and beauty water are generating huge profits every day.
The only ones that are not so good are Galaxy Entertainment, Spark Express, and Pinhaofan.
Even so, they all have extremely high market share in their respective industries and have achieved considerable success.
If you calculate it this way...
Even at the lowest valuation, it's still worth $800 billion.
at this time.
Jack Ma suddenly laughed, a dry laugh filled with complex emotions.
"More than ten years ago, I was looking for people to invest in Taobao, and I was treated like a madman."
"Many people didn't believe Taobao could succeed, but the facts have proven that I have succeeded!"
"Now, what Mr. Wang has to do is the same thing I had to do back then."
"No, even crazier than me!"
"This is not just a bold innovation in business model, but also an update in business philosophy."
"From a purely technical standpoint, I think no one would question Mr. Wang's abilities."
"However, changes in business models and business philosophies are no longer just matters within the business field; there is a lot of interference and potential pitfalls everywhere."
"From a businessman's perspective, this investment is far too risky."
"Even if Mr. Wang took out shares of Galaxy Technology's parent company, it would still be the same in my opinion."
"but!"
Jack Ma said a lot beforehand, giving the impression that he was about to refuse at any moment.
Then, a sudden turn of events occurred.
"I will personally invest 20 billion, and Taotian Group will contribute 50 billion!"
"I'm not so sure that Mr. Wang will succeed by taking out this 70 billion, but if even people like us don't dare to do these things and don't dare to gamble on the future, then there really is no future for domestic businesses."
"To borrow a phrase from General Manager Wang, we can't keep feeling our way across the river like this forever!"
His speech was passionate and inspiring; Jack Ma truly lived up to his background as a teacher.
Although Galaxy Supermarket and Pinduoduo are in direct competition with Jack Ma's business.
But this did not stop Jack Ma from investing money in at all.
At this level, money is no longer the most important thing.
Don't put all your eggs in one basket.
Investing separately is actually the best option.
It's just that ordinary companies are not worth Jack Ma's attention.
Soon, Ma Huateng also made a decision.
"Tencent Group will also invest 50 billion, and I will personally invest 20 billion."
"However, I have two conditions: the funds will be delivered in three batches, and we need to see phased results with each batch. We also need the right to supervise and the right to know."
Without the slightest hesitation, Wang Donglai nodded and agreed.
"This is only natural. Even if Mr. Ma hadn't brought it up, I would have brought it up myself." "We will adopt a transparent approach to information and data for our investors, with clear accounts. If investors have any questions, they can ask us any inquiries."
"Although investing involves risks, we will still do our best to protect the interests of our investors!"
Wang Donglai's statement reassured everyone.
Regardless, Wang Donglai's attitude already shows great sincerity.
Then, among the bigwigs present, only Lei Jun remained silent.
Lei Jun is indeed in a difficult position right now.
This is a great investment opportunity, and it's also a rare one.
However, he has now invested his money in Xiaomi cars.
Once the arrow is released, there's no turning back. If you give up, all the money you've already invested will be wasted.
After hesitating for a while, Lei Jun made a decision.
"I'll invest another 20 billion!"
Wang Donglai nodded, showing no disdain that Lei Jun was only investing 20 billion.
Having reached this point, Wang Donglai had no intention of continuing.
The remaining people can communicate privately.
After all, there aren't many people in China who can afford to spend so much money.
He also needs to leave opportunities for some of Galaxy Technology's partners to get on board.
Raising 160 billion on-site is already very good, even exceeding expectations.
"Alright, that's all for today!"
"This is a big deal after all, and everyone needs to think about it carefully."
"I'll give you two weeks. Preliminary planning has already begun."
"If there is not enough funding at that time, Galaxy Technology will make up the difference itself."
"Whether people invest money or want to withdraw because they feel the risks are too high, I can understand."
"In my opinion, Galaxy Technology's valuation of 10 trillion is actually somewhat underestimated."
"What we possess are technologies that will influence the scientific and technological civilization of all mankind; they are at the absolute forefront of science and technology."
"Saudi Aramco has a market capitalization of $1.89 trillion, Apple has a market capitalization of $1.24 trillion, and Microsoft has a market capitalization of $1.2 trillion."
"In comparison, Galaxy Technologies' valuation of 10 trillion is only 1.4 trillion US dollars."
"We are far from becoming the world's most valuable company, and there is still a lot of room for growth."
"The rights issue system is a gesture of goodwill I extend to investors, and it reflects my sincere good intentions."
"At the same time, it is also a way of giving back to all the investors for their support."
After Wang Dong finished speaking, the room fell into an eerie silence.
No one expected that Wang Donglai would be dissatisfied with a valuation of even 10 trillion.
Judging from this, they're aiming directly for the world's highest market capitalization.
Compared to this, their goals seem particularly petty.
Their perspectives are not even on the same level.
On second thought, the fact that they were able to participate in such an important project made them even more excited and thrilled.
This is especially true for some partners with lower net worth.
……
After the party ended.
The group gradually left the hotel.
Lei Jun got into his Tesla but didn't immediately have the driver start the car.
He watched through the car window as Wang Donglai's Hongqi slowly drove away.
The security team following behind added an indescribable air of dominance.
"Let's go!"
He told his assistant, "Also, inform all partners that we will have a video conference in one hour."
In another Maybach, Jack Ma rubbed his face and the bridge of his nose.
The assistant beside him asked softly, "Mr. Ma, shall we go straight back to the company?"
"To the airport!"
Jack Ma looked out the window and said, "Flying to Beijing tonight, I have to meet a few people tomorrow morning."
"But you have other plans for tomorrow morning."
"Change it immediately!"
Jack Ma said calmly to his assistant, "Wang Donglai's move is either genius or madness."
"No matter which one, it will create a tsunami. Taotian cannot just be a participant; it must become a trendsetter."
In the most unassuming Audi A8, Ma Huateng was looking at a report on online public opinion sent by the company on a tablet computer.
The launch of Pinduoduo has garnered immense attention across the internet.
The fact that so many business tycoons appeared together at the IPO of Pinduoduo, and then met with Wang Donglai at a hotel afterwards, has made many shrewd people ponder.
Various speculations have emerged online.
These messages have been collected by Tencent, and Ma Huateng is currently reviewing them.
He turned off the tablet and said to President Chen, "Start Project Ark."
President Chen was taken aback: "That plan is for the most extreme scenario."
"This is the most extreme situation!"
Looking out the window at the rapidly receding street scene, Ma Huateng calmly said, "If Galaxy really succeeds, the entire internet ecosystem will change."
"If we fail, the bursting of the 300 billion bubble will wipe out half of the venture capital industry. In either case, we need to be prepared in advance."
After the party ended, the contents of the gathering spread quickly.
Whether it's Galaxy Technology's valuation of 10 trillion, its financing amount of 300 billion, or the on-site subscription of 160 billion.
Any one of them, if brought up, would be a huge hot topic.
Not to mention that they were all gathered together.
Therefore, as soon as this news came out, it was like throwing a huge boulder into a calm lake, creating a massive wave that swept across the entire internet at the speed of a tsunami.
This financing was originally intended to be made public.
Therefore, Wang Donglai never intended to keep it a secret or block the news from the very beginning.
It's important that everyone knows.
I know that Galaxy Technology will establish Galaxy Education, which will train new-era professional talents at a cost of 100,000 yuan per person per year.
Knowing that Galaxy Supermarket would offer its employees a minimum salary of 7,000 yuan, they followed the Pang Donglai model.
We know that Galaxy Technology is preparing to reshape the industry ecosystem, improve the treatment and benefits of ordinary employees, and share the fruits of development.
Wang Donglai always plays his cards openly and uses open strategies!
Anyone with even a modicum of conscience would support Wang Donglai's actions.
And this is precisely the source of Wang Donglai's confidence that Galaxy Technology can succeed! (End of Chapter)