It needed to quickly distinguish each custor's preferences and identify their favorite content based on their habits.
Then, from the massive amount of content, it would distribute and recomnd accordingly.
Eventually, what they liked was presented right before the custor's eyes.
The computing power required for this was beyond imagination.
Of course.
A project that could gather so many big nas was certainly not simple.
After a fifteen-minute introduction and a barrage of questions,
when everyone finally heard the valuation, they all hesitated.
A project less than three years old, valued at seven billion US dollars.
With 30% of the equity up for dilution, the capital to be raised amounted to 2.1 billion US dollars, which was about 15 billion renminbi.
Magic City is truly sothing else; even Chen Pingsheng found the scale of the project unimaginable.
Compared to the things he was working on, this valuation was truly beyond imagination.
Everyone had the idea to invest, but they all felt the valuation was too high.
15 billion, that was a huge amount of money for anyone.
Even if Chen Pingsheng wanted to invest, he simply couldn't afford it.
At least he definitely couldn't afford it right now.
The sa was almost true for Tong Zelan; her family was rich, but she personally didn't have much.
The projects she had invested in had not yet reached their payback period.
A project valued at seven billion US dollars could only be casually taken on by the likes of Penguin and Alibaba; no one else could easily swallow it.
She, too, could only pass it by.
As for Shen Nanpeng and Xu Xin, the two did have the capacity, but still, they felt the valuation of the project was too high.
A perfect miss.
Investing is like that; you never know what you're going to miss.
You're even less certain if the thing you've picked up will amount to anything in the future.
If you hit on one, like Sun Zhengyi's investnt in Alibaba, then you're the god of the investnt world.
Such people are one in a million, and most will just miss the opportunity.
If you have money and soone brings you a concept to invest 1.5 billion in, not knowing the future, how many would dare to invest?
The gentle and refined founder of Tengying just left like that.
...
Visiting Magic City this ti,
Chen Pingsheng truly experienced what is known as a high-end project.
A project that could be valued at seven billion US dollars in less than three years of entrepreneurship.
Compared to his projects, it was indeed more than a notch above.
It's just a pity that he still didn't have the capability to participate in such a project.
Of course, those who had the capability also missed out.
Tong Zelan invited him over not for him to join this kind of project investnt.
The developnt prospects of Bobo Milk Tea were very good.
Seeing that Hua Qiangu would be aired in June, as long as they launched a co-branded product,
the franchising sector was bound to advance even further.
According to her estimates, if Bobo Milk Tea continued to develop in this way,
reaching a valuation of two to two and a half billion by the end of the year would certainly be no problem.
At that ti, going through the IPO process would allow her to cash out several billion in stocks and leave the scene.
An investnt of less than twenty million, returning three to four hundred million in a year,
was undoubtedly very successful.
At least now Tong Zelan was very satisfied with the developnt of Bobo Milk Tea.
Therefore, she also took the initiative to take on the responsibility of completing the C round of financing for Fei Yangyang.
Currently, Fei Yangyang had more than eighty self-operated stores in Capital City and more than fifty in Sha City.
Together, that was nearly one hundred and forty direct stores.
Added to this were the headquarters training institutions in the four top-tier cities.
Each month, the stable revenue was well over 120 million, with annual business inco around 1.5 billion.
It had already beco a sizeable restaurant group.
With such scale, achieving a valuation of 1.5 billion was not too difficult.
The food and beverage industry obviously did not have the sa 'windfalls' as the Internet industry.
Otherwise, with its annual net profit exceeding fifty million on financial statents, it would easily be valued at several billion in the tech sector.
Clearly, the food and beverage industry did not have as much room for growth.
She found four or five venture capital firms, and after a private introduction by Chen Pingsheng, 450 million was easily raised.
The cost was the dilution of 30% of the shares.
He originally held 49% of the shares, and after this round, it dropped to 34%.
The key was that Fei Yangyang had a really good financial report, which, supported by such data, allowed the enterprise to maintain stable revenue while rapidly developing.
This proved managent was really on point.
It was fully prepared for further developnt.
Even if it couldn't go public within the specified ti, as long as it stayed profitable and didn't incur losses,
it could easily endure a few more years.
It's the sa old saying: it's easier to find money when you're not lacking it.
Capital markets can be quite picky about those who are in need.
Not to ntion loss-making entities; there wasn't a single profitable tech firm at the early stages of the internet wave.
Tengying tropolis hadn't officially embarked on the IPO path, so its financial reports were not publicly disclosed.
But Tong Zelan was very clear that Tengying's financial report would definitely not be poor this year.
Last year's investnts were substantial and would begin to yield returns this year.
Once Tengying started on the path to IPO, that company would undoubtedly beco the most valuable corporate asset in Chen Pingsheng's hands.
It was mainly because he held 90% of the shares.
The 5% promised to Yang Mi and Zhao Liying would not need to be realized until ten years later,
which was 2024.
If this company turned out to be worth ten billion, then Chen Pingsheng would really make a na for himself in the capital market.
Even in Greater Magic City, his status would definitely be strong.
The investnt in Bobo Milk Tea was just a trial run of a quick hit project.
The so-called quick hit project is characterized by light investnt, rapid developnt, and swift listing.
Once Bobo Milk Tea succeeded, Tong Zelan suggested Chen Pingsheng transition into the coffee business.
It's said that the milk tea market, due to its low barriers to entry, could very easily lead to excessively fierce market competition.
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