Chapter 1037: Chapter 638: Did Tencent Make a Move Again?
At the tea table, Zhao Qing only felt his head buzzing.
“Cheng Zhu rejected Red Mountain Capital’s lead investnt?” He found it unbelievable.
Red Mountain! That’s Red Mountain!
Short video is not a booming field, but if the first round of financing has Red Mountain as the lead investor, the capital market would definitely have more confidence in this app!
The road ahead would beco much easier to walk.
“This is sothing every internet entrepreneur dreams of!”
Zhao Qing was already insanely jealous.
But you, the pretentious jerk, you actually turned it down!
The things we long for, you treat like they are nothing, right?
The things we envy, you disdain, right?
The things we strive for, you cast away, right?
Why, damn it!
Zhao Qing wasn’t stupid; he felt sothing was off here.
Sothing fishy, very fishy.
Shang Qi thought the sa.
Otherwise, when he shared this insider news, he wouldn’t have used this tone.
Although both Paipai and Youuqu are not the sa type of short video apps, the user groups they currently target are quite similar.
They all want to capture the trendy young people in big cities first, creating a short video app that can lead trends.
Therefore, the direct competitive relationship between the two is actually stronger than with Kuai Shou.
After previous events stirred things up, Shang Qi and Zhao Qing witnessed Cheng Zhu’s frighteningly strong “background.”
To this day, they haven’t figured it out, not at all!
Not only did they hit a wall, they spent months trying to find out who they’d offended, but to no avail!
That’s the scariest part!
They even began to gradually “rationalize” many things, attributing Cheng Zhu’s current success entirely to his “backing.”
This is part of human nature, so many people think this way in life.
Many people are accustod to attributing a person’s success solely to their family background, networks, etc.
As if having all this, they could stand taller than him.
This might indeed be one factor in his success, and perhaps not a small one.
But whether this way of thinking is right or wrong, opinions differ.
Thus, it was no surprise that Red Mountain Capital was willing to place a heavy bet on Youuqu and lead this round of financing, to Shang Qi and Zhao Qing.
But, since Cheng Zhu rejected Red Mountain’s lead investnt, who did he plan to have lead?
This sends a quite unusual signal.
“Sothing fishy!” This was Shang Qi’s first thought upon learning this.
Wen Ting, who had been silently making tea, suddenly beca quite active and joined the conversation.
“Do you think… he wants Yue Dongyi’s Pulin Capital to lead?” she speculated.
“I’ve thought about that too.” Shang Qi nodded.
After all, without Yue Dongyi’s astounding 100 million investnt, Youu Tea wouldn’t have developed so rapidly.
It’s fair to say that Yue Dongyi’s impressive 100 million revived and heated up the new wave of the tea market!
All of a sudden, entrepreneurs from all walks of life flocked to this industry, quickly forming a new wave.
Various capitals also started to pay attention to this field; earlier no one even considered taking milk tea seriously.
From an investor’s perspective, Yue Dongyi is like he uncovered another potential project, with keen insight and daring action!
Before him, who the heck would throw 100 million into milk tea? That’s crazy.
Strictly speaking, Yue Dongyi just hasn’t been involved in the absolute top-tier projects; otherwise, he’d be in a league of his own among dostic investors.
A classic legend, terrifying!
Now, Youu Tea’s valuation has exceeded 10 billion.
And judging by the current trend, it might multiply several tis in the future!
A re milk tea project has been made into one of the top projects in the dostic catering industry.
Shang Qi, Zhao Qing, and Wen Ting all believed it was highly likely for Cheng Zhu to acknowledge this favor and have Pulin Capital lead Youuqu’s first round of financing.
Judging by Youuqu’s current developnt montum, it’s bound to succeed; it’s just a matter of how successful it will be—definitely a promising project.
“If it’s letting Pulin Capital handle it, then it’s understandable.” Zhao Qing nodded.
Shang Qi spoke solemnly, “That’s the best scenario.”
“What do you an?” Zhao Qing was taken aback, but he quickly caught on.
In an instant, his eyes widened beneath his silver-frad glasses, and he couldn’t help but exchange a look with Shang Qi, his heart skipping a beat!
If not for a favor, letting Pulin Capital lead… then things would get big!
No one would consider Cheng Zhu a pure fool.
A competent businessman, at the very least, has to weigh pros and cons.
Rejecting Red Mountain Capital’s lead must an he has a better choice in mind, or perhaps, it’s already been secured!
“A more tempting option than Red Mountain Capital…” Zhao Qing looked at Shang Qi but didn’t continue.
Looking across the country, there are only a few possibilities!
Like Tencent, like Alibaba…
“The main concern is, don’t forget, Tencent was also part of the latest round of financing for Cheng Zhu’s Youu Tea!” Shang Qi tapped the tea table with two fingers, his tone growing heavier.
Zhao Qing felt his throat dry up upon hearing this.
He couldn’t help but take a big gulp of the slightly scalding hot tea.
After being slightly scalded, his facial features were scrunched up, and he finally managed to speak with difficulty: “Didn’t hear any rumors?”
“No, if I weren’t close to soone over at Red Mountain, I wouldn’t have known that Cheng Zhu rejected Red Mountain’s lead investnt,” Shang Qi shook his head.
Both of them were well aware that just because Tencent had Weishi, it didn’t an they wouldn’t invest in other short video platforms.
As insiders of this industry, they were familiar with the “nature” of this top dostic internet company.
Tencent was never short of money and didn’t mind a bit of “internal competition.”
Although Weishi wasn’t valued internally, Youuqu’s approach was different after all.
Now was just the first round of financing, how much money would that be? To Tencent, it was just a drop in the bucket.
In fact, if things developed according to a normal tiline, Tencent would invest in Kuai Shou next year.
Therefore, Zhao Qing and Shang Qi’s thoughts were very normal and a conjecture that could be traced to sothing substantial.
This brought the two, who had just finished a nerve-wracking period, back to another… nerve-wracking period!
No way! Cheng Zhu, you’re ssing with our minds, aren’t you?
If Youuqu indeed managed to back Tencent in the future, what would Paipai have to compete with it!
Just wait and see, let’s all wait for doom, haha.
“There’s nothing we can do right now,” Shang Qi finally took on the deanor of a big brother, indicating that we must first stabilize our mindset and not panic at this mont.
“Let’s wait and see; we’ll just watch and see.” He said.
Zhao Qing nodded: “We can only wait and see.”
If Youuqu, at its early stage, when its profit model was still unclear, secured Tencent’s investnt, he would definitely grind his teeth in frustration even in his sleep!
Might suddenly wake up, sitting upright in bed.
“No way! Why!?”
…
…
Cheng Zhu, on his part, had no idea that his rejection of Red Mountain’s lead investnt had spread in a small circle within the capital market.
Of course, he didn’t care about this either.
He had been busy with Youuqu’s financing these past days, and had only gone to Youu Tea once, basically handing over all major and minor matters to Ningning again.
These days, there were quite a few trivial matters at Youu Tea.
The reason was simple, as New Year’s Eve was approaching.
Christmas and New Year’s Eve were too close together, and New Power Tea needed to cater to the holidays, naturally becoming extra busy.
And for this playboy, he also had a personal matter pressing in close.
That was Lin Lu’s and his instructor’s birthdays…
Little Lu was born on Christmas, while the instructor’s birthday was after New Year’s, on January 2nd.
In other words, there was not much difference in days for these two.
The forr was his official girlfriend, the main one.
The latter was the first person to gain the honor of his first love in his rebirth, his exclusive instructor-chan.
They both needed to be given importance.
Moreover, Youuqu intended to end its Cold Start phase by the end of the year, so this round of financing had to be efficient, and a bit of a rush.
Before New Year’s Eve, Youuqu announced the results of its first round of financing.
In theory, the reception wouldn’t stir nationwide attention for a startup stage short video company securing funding.
However, the investor list was dazzling.
Moreover, Cheng Zhu himself was very popular online!
As the recognized leading figure among post-95s entrepreneurs, his new company’s renewed recognition from the capital market was undoubtedly an attention-grabbing event.
No choice, this hype-filled man, with his “unbeatable student” persona, had once again returned with a bang!
Many onlookers instinctively thought upon seeing the phrase “student-founded internet company secures funding”: Is it him again?
There aren’t that many badass college students nationwide, alright?
Every ti, drawn to the hype, clicking in only to find out it’s always him!
Of course, Shang Qi of Tianyun Capital and Zhao Qing of Paipai kept a close eye on the developnts of Youuqu.
Zhao Qing hadn’t been sleeping well these days, sleeping restlessly.
His wife was recently pregnant with their second child, and the couple went to a fertility goddess to fulfill a vow the day before.
During the prayer, he repeated in his heart: “Not Tencent, not Tencent, not Tencent…”
Fertility goddess: I don’t handle this kind of thing!
So annoying, what if I want to urgently retract the child in her womb?
However, the developnt of events turned out exactly as he wished.
Shang Qi was the first to call Zhao Qing.
“It’s not Tencent! It’s Shunwei Capital leading the investnt!”
Instantly, Zhao Qing’s office was filled with hearty laughter, the heavy stone in his heart finally dropping:
“Haha!”
…
(PS: It’s the end of the month, asking for double monthly votes!!
The card of Lin Lu and the instructor has been released, those interested can give it a go.)
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