Chapter 967: Chapter 594: Tencent Becos a Shareholder (Part 2)
“I asked my cousin to use the speakerphone because he ntioned you and Shen Qingning were right there, so I could conveniently talk to both of you.”
“Alright, go ahead,” Shen Guoqiang said.
Cheng Zhu didn’t get straight to the point but instead said, “Cousin, there’s sothing I’ve actually been asking your sister to keep from you. Brace yourself, and don’t get too worked up!”
“I’ve been discussing with Tencent recently, and today we’ve completely wrapped it up. Tencent is investing in Youu Tea!”
As soon as he finished speaking, everyone simultaneously looked at the increasingly tense Shen Minglang.
This sunny, cheerful old boy, he was truly shattered now.
On the other end of the phone, the stubborn man was puzzled.
“Damn, is Shen Minglang not listening? Why isn’t he shouting? Why isn’t he exclaiming?”
…
…
Three days later, after all procedures were completed, Youu Tea announced the financing situation externally.
Almost the entire business and investnt world started shouting out in excitent!
“I can understand Dianping and Ele participating in this Youu Tea financing since I had predicted it before. But why would Tencent, their backing tycoon, also invest? Unbelievable!”
“Tencent, investing in milk tea?”
“Damn, that’s absurd, is Youu Tea’s future so promising that even the BAT giants are getting involved?”
“This reshapes my understanding of Tencent’s investnt approach…”
Earlier, Cheng Zhu, during an interview, disclosed Youu Tea was undergoing a new round of financing.
This matter was mainly handled by Ningning, while he personally only discussed it with Tencent.
As soon as the interview was published, naturally, people in the investnt sector flocked to it.
Youu Tea now can be described as the god in the new-wave beverage industry!
Initially, Cheng Zhu, when opening the first store, could be said to have provocatively located it across from Starbucks, deliberately gaining attention and furiously creating hype.
But now?
Those in the investnt sector have genuinely started considering it as the Chinese equivalent of Starbucks!
Most people’s future valuation expectation for it is around 20 billion RMB, and so are even more optimistic, thinking it could be higher.
As a result, many venture capitals want to be involved.
Whether to lead or participate doesn’t matter; just give an entry ticket.
Besides, now both [Dianping] and [Ele] are very strong.
Since it’s widely believed these two companies will invest in Youu Tea, making their ties even closer, the capital market will undoubtedly have more confidence in the future of Youu Tea!
However, Youu Tea has almost rejected everyone.
This behind the scenes surely won’t escape so criticism?
Especially those with relatively high standing in the investnt sector.
Understand that among the venture capitals rejected by Youu Tea, there were even two ranked among [China’s Top Ten Venture Capitals].
Our money, you don’t want it?
Then whose money can be more valuable than ours!
Great, now you understand?
As soon as the news of Tencent investing in Youu Tea broke out, it instantly silenced much of the investnt sector.
After all, behind Youu Tea, there are already two known venture capitals, supported by Red Mountain and Sequoia.
“Are you sure you are more valuable than Tencent?”
Tencent’s strong capital injection not only shut everyone up but also left many investors regretful.
“Oh, if only I could have invested in this project sooner.”
“When it was still a hidden gem, if I had brought it up, the future profits would be imnse!”
“Initially, not many saw its potential, who would have thought the milk tea business could reach such levels.”
As for Wen Hua from Tiancheng Capital, upon seeing the news, she was sowhat dazed.
From her perspective, she naturally didn’t know Cheng Zhu never planned to choose her.
She just wished she could slap herself!
“One minute, why did I have to be late by that one minute? Why deliberately be late!”
“This could be the only ti Tiancheng Capital had the chance to appear alongside Tencent in the investnt list!”
“And , it’s like I discovered a future hidden gem favored by Tencent!”
This alone would be enough to make any investor famous in the investnt sector!
This short-haired, competent woman regretted it intensely.
The college student she once snubbed, now she doesn’t even qualify to suck up to him.
From her perspective, this would be the nightmare of her life, the thing she regrets the most in her lifeti!
As for the milk tea industry, there’s nothing but a tingling scalp left.
“No! He! He, he, he! Damn!”
Infinite despair began to spread in the hearts of many competitors.
Including Chen Yue, they all started to feel uncertain about their company’s future.
This ti, even if Mad Woman was crazy, she couldn’t feel happy.
Her admiration for Cheng Zhu indeed increased because of this.
However, the fear in her heart was constantly growing!
The entire milk tea industry has now exploded, and countless people have started abusing Cheng Zhu with very unpleasant language.
The reason is simple; as ntioned earlier, there’s an unwritten rule in the investnt sector: once the BAT giants get directly involved, it requires more caution in investnt.
Without backing from the BAT giants, similar businesses will find raising funds more challenging.
Group buying and takeout services were just like this back then.
In previous ages, why did Ele eventually have to accept investnt from Alibaba?
Because it had no choice!
Of course, this is also because those companies play the money-burning war ga.
The milk tea industry, although money-burning too, is slightly different in nature.
It’s not to the point where, like the group-buying and takeout industries, without BAT backing, no one is willing to invest.
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