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Chapter 186 This valuation is not enough

The valuation is 20 billion US dollars, and the total share capital of Meigou.com is 850 million US dollars, so each share is 23.5 US dollars, and in RMB it is 200 yuan!

Wang Ye wants to transfer 100 million shares, and the amount of this transaction is RMB 20 billion.

Liu Tao looked down at the information in his hand and felt excited. Sure enough, he could participate in such a big business worth tens of billions of dollars in his life. The one million bonus is worth giving up!

However, Wang Ye still seemed to be dissatisfied with this valuation.

"Mr. Li, I don't know that you have considered it. That is, Meigou.com will be listed on Nasdaq around mid-June and July of the year. Now the listing process has begun. Is the market value of Meigou.com only after the listing of Meigou.com?"

Although this time is considered a nominal round B financing of Meigou.com, Meigou.com is not those startups. Its market value is already relatively stable and there is basically no risk.

This kind of investment is different from venture capital, and the premium after the company goes public must be fully considered.

Because Temasek opened the door before the market was launched, it was almost obvious that they were asked to share the cake. Therefore, Temasek also had to show enough sincerity and had to pay enough tickets to get the opportunity to ride on the ride.

"Mr. Wang, we have fully considered this. According to our Temasek evaluation, after the listing of the U.S. Gou.com, the market value will be between 25 billion and 30 billion US dollars. Therefore, now the valuation of the U.S. Gou.com is given a valuation of 20 billion US dollars. I think this fully demonstrates Temasek's sincerity." Li Guanghua said with a smile.

Such negotiations are often hundreds of millions or even billions, so Li Guanghua certainly has to keep pace. Once his attitude is a little weak, he may have to pay billions of dollars more. He is able to join the Temasek Investment Committee and be entrusted by the committee with an important task to take charge of this equity acquisition negotiation, of course he has the confidence to do so.

"First of all, I want to explain that I don't know how to calculate your market value after listing of 30 billion, but this number is very biased. According to our internal valuation, after listing, the market value of Meigou.com will reach at least 40 billion US dollars!" Wang Ye said firmly.

Half a year later, Meigo.com will list Nasdaq.com. What is the market value after listing? This is the key point of this equity transfer. At this point, Wang Ye will certainly not give in. It is impossible for Temasek to say as much as it is.

"Oh? Then can you please tell me how the valuation of this 40 billion yuan is calculated?" Li Guanghua said slowly.

No valuation can be said randomly. Since you dare to value 40 billion, you need enough data or theoretical support. Li Guanghua also wants to know why Wang Ye has the confidence to call out a high valuation of 40 billion.

Wang Ye smiled and signaled to LISA, and it was her turn to appear.

LISA opened a large folder placed on the desktop and began to explain it to Li Guanghua.

"What is the valuation of Meigou.com? We cannot only refer to JD.com, because in many aspects, our company has advantages that JD.com does not have. In these aspects, we also refer to Amazon's valuation."

Li Guanghua laughed in silence, referring to Amazon? This is a bit of a challenge. Amazon is a global e-commerce giant, with a market value of over 100 billion US dollars!

"Sorry, interrupt it. I want to know what aspects of Meigou.com are not available to JD.com, and what aspects can be compared with Amazon?"

LISA didn't care and explained to him: "Last time, Meigo.com launched an internal shareholder increase of 20 billion yuan, and I believe Mr. Li also knows something."

Li Guanghua nodded, of course he knew about this. Meigou.com used internal capital increase to solve the capital problem of corporate development, which disappointed many investment banks at that time.

"So I wonder if Mr. Li knows what we did with this money?" LISA asked with a smile.

"It seems like I have bought a lot of land. If I guess correctly, I am building a transit warehouse. Indeed, JD.com is not as good as that. They are all rented warehouses." Li Guanghua said frankly.

"Yes, transit warehouses. Meigou.com now has seven major transit warehouses, covering the whole country. After the New Year, these transit warehouses will be put into use. By then, Meigou.com will be delivered within one day in the first, second and third-tier cities across the country! Second, fourth and fifth-tier cities can also deliver the next day!" LISA said.

Li Guanghua was responsible for this negotiation, so of course he did his homework in advance and had enough understanding of the e-commerce industry.

So after LISA's one-day delivery and the next day delivery were said, he was also shocked. This efficiency was too high! As far as he knew, no e-commerce company in the world can achieve this level. Some e-commerce companies claim to be one-day delivery is actually targeted at several first-tier cities, but like LISA, there is really no e-commerce company that can do it in all first-tier cities.

This efficiency not only improves the speed of goods transfer, but more importantly, the user's shopping experience has been greatly improved!

Think about it, for the same goods and the same price, it takes two or three days or even longer for an e-commerce company to deliver the products purchased by users to the same day. Meigou.com can deliver the products to users as soon as possible.

In this case, which e-commerce platform will the user choose? There is absolutely no doubt about this.

"May I ask, how can you achieve such high efficiency? These transit warehouses alone are obviously not good." Li Guanghua asked.

"Oh, because we have our own logistics system, which will be put into use with the transit warehouse at that time."

Li Guanghua suddenly realized that he had not investigated that Meigou.com had also built its own logistics system because the transit warehouse had not been officially put into use, and the logistics system was dependent on the transit warehouse, which now outsiders cannot notice at all.

At that time, Temasek analysts were wondering whether the land in the mainland is so expensive? Why did Meigou.com increase its capital by 20 billion yuan? Where did the money be spent?

Meigou.com is not listed, and its internal financial data is of course not disclosed, so the whereabouts of this money are unknown except for the land purchased.

As for the price of land purchased, this is even more commercial secret and outsiders have no way to know.

"If we can really achieve the same-day delivery and the next-day delivery, the competitiveness of the US Shopping Network will indeed be further enhanced." Li Guanghua had to nod and admit it.

"In addition, we not only built a transit warehouse and our own logistics system, but also built a cloud computing center." LISA continued.

"Cloud computing? Is it the same as Amazon's cloud computing?" Li Guanghua was shocked.

It seems that there are many hidden secrets within Meigou.com. If it weren't for this equity transfer negotiation, I guess I wouldn't know these things myself. At least I wouldn't be able to pay attention to them before these things are put into use.

"Yes, cloud computing, this is a new type of business. Now in the United States, the cloud computing market is about 15 billion US dollars per year. In China, Temasek must be very clear about the booming development of the mainland market. Then the mainland's cloud computing market share will probably not be smaller than that of the United States. Our Meigou.com is currently the only mainland company that has invested in cloud computing data centers!"

Today’s surprises are one after another, for this cloud computing data center. When Amazon started, many people were dissatisfied and thought that it was superfluous to do this thing on an e-commerce platform.

However, in the past two years, especially this year, after Amazon's financial report came out, many people have realized that cloud computing is really a big market.

More importantly, this data center can be used for renting at ordinary times and can also provide additional computing power for your website at critical moments.

Just like the "Flower Season Shopping Festival" held by Meigou.com, the website traffic soared that day in the middle of the year. If you purchase servers temporarily, these servers will be idle after the shopping festival, which is a waste of resources.

But if you build a cloud computing data center, there is no such waste. You can use it for your own use or rent it for profit. This is simply killing two birds with one stone.

"Does Miss LISA say all these things true? Is there any relevant information to prove it?" Li Guanghua asked cautiously.

This is also a matter of course. It is impossible for LISA to say whatever it says. Perhaps Meigou.com has investment in this area, but it has not been implemented yet. It may be just a small cloud computing data center, just adding a gimmick.

"Of course there are these things, and now they are not any information that needs to be kept confidential. There are related software and hardware investment information here. Mr. Li can take a closer look." As he said that, LISA took out a thick folder and handed it to Li Guanghua.

After taking it, he looked around for a little, Li Guanghua said apologetically: "I'm sorry, Mr. Wang, can you come here first today? I need to go back and study these materials carefully and have a new discussion with the Investment Committee."

This already means that Li Guanghua also recognizes that the value of Meigou.com is not only 25 billion to 30 billion US dollars, but it will definitely increase. But how much it can increase depends on the results of their research on these materials and confirming them.

Wang Ye nodded with a smile: "It doesn't matter. After Mr. Li's discussion came out, please contact my secretary and re-arrange the interview time."

"I should have been free these days, so I don't have any arrangements for going out?" Wang Ye turned to ask Liu Ruomei.

"There is no other arrangement for the time being, except for meeting Mr. Sun of SoftBank tomorrow." Liu Ruomue replied.

Li Guanghua, who was about to get up and say goodbye, felt aroused when he heard this, SoftBank! It’s this Masayoshi Son again, he really has him everywhere.

This time when Wang Ye transferred his equity, Li Guanghua certainly would not be so naive that he thought that only Temasek was interested in Meigou.com. He must be facing competition from many large investment banks, and Li Guanghua was also mentally prepared.

Before coming, he was full of confidence and believed that the valuation of US$20 billion to Meigou.com would definitely make Wang Ye overjoyed.
Chapter completed!
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