The investment department is still evaluating Kuaishou’s projects. In fact, it was a bit strange to follow short videos in 2014. Now, in Beijing, the most popular mobile Internet startups are the taxi-hailing war represented by Didi and Kuais.

Since 2014, several online car-hailing companies have joined forces to burn 30 billion yuan, making it so cheap that aunts can take taxis when they go out to buy groceries.

In addition, the battle between Meituan and Dianping also makes people curious about the final winner.

These storms are ultimately related to Weituo. Didi is also one of the companies invested by Weituo. As a "big father" in a sense, when Didi wants to burn money, Cheng Wei will definitely come to Weituo to raise funds.

As early as two months ago, Didi completed its C round of financing, with CITIC Industrial Fund, Weituo and other institutions investing US$60 million, US$30 million and US$10 million respectively.

After raising up 100 million US dollars, Cheng Wei's life was a little better, but Wen Xiaoguang heard that there was going to raise funds again.

$100 million is not a decimal.

Such an unusual frequency and scale reminded Wen Xiaoguang of the money-burning war between Tengxun Didi and Alibaba Kuaidi mentioned in his previous life.

This taste is too strong.

It seems that it is necessary to meet Ma Dad in advance.

He didn't know yet, and Dad Ma was also squeezing time to meet him, probably by chance.

The war is raging, and this is the real situation of capital and mobile Internet now.

Under such chaos, the Weituo Investment Department is still discussing Kuaishou investment projects. The time is in May, and Kuaishou's C round is already a reality that is about to happen.

Now DCM China and Sequoia Capital are competing with MicroTop for this project.

Among them, DCM is more enthusiastic. In April, Su Hua made Kuaishou's daily active users million, which gave DCM some opportunity.

In the conference room, Wen Xiaoguang was sitting at the top of the table, opposite Li Yidan was showing the produced ppt, and the content above was some situations of Kuaishou.

Su Hua: An engineer who has been doing search and recommendation algorithms for many years is not weak in Kuaishou's technology.

Another major member of the team, Cheng Yixiao, is a well-understood product manager.

This is a typical team of engineers, even a team of more than 200 people, more than half of them are engineers.

Weituo Investment Department valued Kuaishou at US$70 million.

"DCM contacted them?" Wen Xiaoguang asked.

"I've contacted it." Li Yidan replied calmly, "And I think DCM has higher numbers for Kuaishou, but we are still confident."

This is Weituo's tradition. Because of controlling traffic ports, Weituo's valuation to many companies will be lower than other investment institutions. What the invested companies want to get from Weituo is not the most.

Nowadays, capital investment is booming, and financing for apps is not difficult.

"What about the main contradiction now?"

Li Yidan replied: "It's still about our traffic support. Even DCM expressed similar intentions to me. They are not particularly concerned about how much we spend. DCM has a more strategic vision than I thought. They don't regard us as a complete competitor. In fact, they hope that Kuaishou will introduce us as an investor."

In this way, after they invested in the C round, they had Weituo, and their investment increased overnight.

"Have Kuaishou taken to Toutiao today?" Wen Xiaoguang frowned more or less. Those bloody things were recommended to users, and he always felt that there were some problems. Not only that, Toutiao itself wanted to connect to their own short video products.

To be honest, if vulgar content is pulled into the product, it will bring the headlines into that logic, because users will be disgusted to leave.

WeChat is even more impossible.

Kuaishou will encounter very serious corporate image problems in the next two years or so. Wen Xiaoguang is clear in his heart, and it can be said that people say it is quite unbearable.

It has nothing to do with his own preferences, it is just a risk consideration.

"No." He still did not approve the plan. "We can increase the investment from US$5 million to 8 million. In addition, Weituo can also help them introduce more substantial investment institutions to prepare for the future."

Li Yidan lowered his eyebrows and thought for a while, but in fact he didn't understand very well.

Although Weituo is rich, it would be too much to give out $3 million. In this round of C financing, Kuaishou's target financing is only 10 million.

But she did not express this doubt in public at the meeting, but planned to communicate in private.

The Kuaishou team on the other side was a little angry when they received the reply a few days ago. Weituo's refusal made them feel that they were not respected, so they held their breath.

Other companies can do it, but they can't. Weituo has always been "stingy" in traffic control. There is indeed a precedent, but no one wants this to happen to them.

The meeting of the Investment Department did not last for a long time because Wen Xiaoguang also had an interview with Su Hua.

He is coming to Weituo Building today.

Before he came, Li Yidan followed Wen Xiaoguang in the company without paying attention, "Mr. Wen, why didn't we review Kuaishou?"

Wen Xiaoguang smiled, "Do you still remember what I said, why does Weituo need an investment department?"

"Remember, you said that Weituo's investment department's strategic investment is the first task, and financial investment is second."

"Yes, I know you want to say that we have some more money, but it doesn't matter if we spend more money. I don't care about this. As for why we don't open it, on the one hand, it's because Weituo itself wants to develop short video products, so I don't want to support them too much now. In addition, I have doubts about their content. Although Weituo has been making great strides, I still have basic rationality."

Wen Xiaoguang found two excuses, which can be considered a reason to some extent.

Of course, it is unlikely to convince CEO Su Hua. This engineer is not particularly good at speaking, and he is even an honest person who talks little.

But we can't think that people are weak.

At least he was not as cowardly as other entrepreneurs when he saw himself.

"Sit as you like." Wen Xiaoguang made a gesture of invitation, "When I was still in Zhonghai, I said I would like to know you, and we have to talk about some things."

"Hello, Mr. Wen." Su Hua was also the first time he saw Wen Xiaoguang up close. The young man in the outside world was indeed handsome, especially in front of him. Putting aside business, his life was indeed enviable, tall and handsome, and success was rich.

"I'm sorry, first of all, I want to clarify something. Mr. Li had told us before that he would not reveal Kuaishou and Weituo contact. However, now it's been rumored to be full of flying outside, but I can guarantee that this is not what we said."

Wen Xiaoguang smiled and saw Su Hua a little embarrassedly, as if he was seen through.

Who are you lying to? Weituo will never say it. If you say it, it is just digging a hole for yourself and attracting competitors in vain. There are not conspiracy theories in everything in this world, but if you believe it, it is too much for everyone to be as pure as a child.

However, although Wen Xiaoguang knew it, he did not take it into account. He smiled and shook his head, "The shopping mall is like a battlefield, it is not a lie. White rabbits are not easy to survive, so white foxes can be possible. It is understandable to use some means. I don't have this vision. From another perspective, no investors hope that the team they invest in is too simple."

Su Hua felt a little nervous when he felt a little nervous. He suddenly felt the gap between him and Wen Xiaoguang. This was a gap in philosophy. He was still thinking about how to cover up this matter, but in fact he had known it a long time ago!

=====

1. Sorry for a few days after the number was disconnected o(╥﹏╥)o
Chapter completed!