Chapter 1339 (1/2)
Li Mu suddenly said such a sentence, not only Jimmy was stunned, but all the people present were stunned.
Jimmy didn't know where he offended Li Mu. This guy was so rude to talk to him as soon as he came up, but Li Mu, the great God, can't really provoke him. At present, VC like de Fengjie can be regarded as a bull force in front of entrepreneurs, but even a fart can't be counted in front of Li Mu, the great God.
The total scale of the fund managed by Dfj is only one billion dollars, which is not all their own. Let alone one of Dfj's Asian presidents. Even if Dfj's president comes, Li Muyi refuses to say a word.
Robin was surprised at Li Mu's attitude towards Jimmy, but he was happy. At least Li Mu helped himself out.
Jimmy is very strong in front of him, and even repeatedly points out Baidu's business development, which makes Robin very unhappy in his own heart, but he can't help it. He took the money from Dfj and had to give others face.
Moreover, Baidu has not yet found a suitable profit model, and the whole development route is still burning money. Next, whether it's merger and acquisition of easy to hear technology, or the second round of financing or capital increase, he has to ask Dfj.
In fact, what Li Mu thinks is very simple. He talks with Baidu about M & a business, which should be the operation at the business level. In the past, the existence of de Fengjie should not appear in today's negotiation meeting place. No matter how much shares de Fengjie holds in Baidu, it's your own business if you hold more shares. You communicate with Baidu in private, or even scold Robin in private The relationship can't be managed by yourself, but when two business teams negotiate, you have to get involved. It's a little disgusting.
For Li Mu, Jimmy is an unexpected guest, so why should he save face for such a person? If he hasn't been driven out, he will be given face.
Moreover, when Li Muji got the Jimmy, he just wanted to get involved in today's negotiation. So in order to avoid him from getting involved in more affairs, he first gave him a ride.
Later, both sides of the negotiation took their seats. Li Mu looked at Robin and said, ”Robin, you can start first.”
Robin nodded and said: ”Mr. Li, we have communicated with your company's team for several rounds before. In fact, the intention of both parties has been highly unified. Baidu hopes to merge and acquire easygoing technology, while you also hope that easygoing technology will be merged, but we haven't reached a consensus on Valuation.”
”Robin, what is Baidu's current valuation?” said Li
”Our last round of financing was based on US $65 million, and after this period of development, we are confident that Baidu's valuation can now reach US $120 million,” Robin said
Li Mu asked him, ”OK, you say it's worth 120 million dollars. How does that come from?”
Robin explained: ”this valuation is reasonable. Our Baidu traffic growth trend is relatively good recently, and...”
Li Mu interrupted him with a smile and said, ”Robin, although I don't want to interrupt you, you have answered some questions. My question is, how did the valuation of 120 million US dollars come from an authoritative third-party organization, or did you open your mouth?”
Robin said awkwardly, ”Mr. Li, we are very confident that we can estimate this amount...”
Li mubai waved his hand: ”Robin, it doesn't make any sense for you to talk freely about the data. If you say Baidu is worth 120 million dollars, OK, I say that easy to hear technology is worth 30 million dollars. After you merge easy to hear technology, the total market value is 150 million dollars, and my 30 million shares should account for 20%. Then we are so happy to decide that Baidu merges easy to hear technology Do you agree that 100% of technology shares and 20% of all shareholders of easy to hear technology have acquired shares after Baidu's merger and acquisition? ”
Robin said in a hurry, ”Mr. Li, this is unreasonable...”
Li Mu asked him, ”what's unreasonable? You say you are worth 120 million US dollars, and I say I am worth 30 million US dollars. Why do you make sense, and I am unreasonable? ”
Robin was a little confused by Li Mu's strength, explaining: ”Mr. Li, the current UV and PV of easytown technology are more than one order of magnitude inferior to Baidu, and easytown technology does not have a mature business model at present. The development potential of search engine is much greater than that of vertical field...”
Li Mu said with a smile: ”Robin, the development potential of search engine is great, but don't forget that there is a Google behind you. I have reason to worry that in the future, Google will make efforts in the Chinese market, so as to continuously eat Baidu's market share. However, looking at the whole market, there is no competitor in the field of online music and music download with the easy to listen network. By then, there will be no competitor in the field of online music and music download Most likely, users are using Google search engine, but they are still listening to songs on the easy to listen network. Who has the greater development potential
Jimmy has been listening to the translation around him. At this time, he can't bear it. He said in English: ”Mr. Li, I think you are confusing. Robin wants to talk about the development prospects of two fields, just like an automobile manufacturing enterprise and a match manufacturing enterprise. Even if the share of match manufacturing enterprises in the industry is high, its development is empty It's a lot worse than the car manufacturers! ”Li Mu looks at him and gives him a friendly smile. Jimmy doesn't know why. He feels a kind of cold from Li Mu's laughter.