Reborn Entrepreneurial Giant

Jumei’s acquisition of Goudong is another big news. As a 3C e-commerce company, Goudong only sells authentic and licensed products. It is well-known in Zhongguancun and has also won the trust of some users. Internal business is about the same.

Two companies with similar revenues, a "star company" actively embracing capital, and an "honest company" working hard, in just a few years, the outcome is very different. The domestic media's sorrowful spring and autumn cannot affect foreign stock markets, and the stock price of Jumei, which is the second largest in the domestic e-commerce market, has risen again.

It has been half a year since Jumei went public. At that time, it raised 400 million US dollars and there was still a lot left, but for an asset-heavy Internet e-commerce company, no amount of money was enough to burn. However, at this time, the US market has recognized the Amazon model, and through Shopee, I have become familiar with Jumei and can give a high valuation.

It's a pity that the impact of the subprime mortgage crisis is too great. After actively asking several large private equity firms such as Dinghui, they are unwilling to participate in the fixed increase. Even if they issue corporate bonds, they can only be high-yield junk bonds.

In the end, Qu Li had to come to the bottom line. The fixed increase is too troublesome. Let’s use convertible bonds, which will make the shareholders look more comfortable.

What are convertible bonds? Simply put, low-interest or even interest-free corporate bonds can be converted into company stocks within a certain period of time. For Qu Li, it means sending money to Jumei now, and turning the bonds into stocks in a few months.

The conditions set by Qu Li are very strict. There is a mandatory redemption clause when the stock price rises, and it cannot be redeemed when the stock price falls. The interest rate is less than 1%, and the lower limit of the conversion price is 10 US dollars. As expected, no one was surprised. Except for Qu Li himself, almost no one was willing to buy Jumei's US$200 million convertible bonds.

So Qu Li reinvested the 200 million he lent to Jumei last year and the 10 million interest generated. The Vision Fund invested 1.17 billion through Xiangjiang Investment and purchased the 200 million US dollars of convertible bonds in Jumei. A few months later, the stock price of Jumei As the Lehman bankruptcy continues to fall below $10, the conversion price will become $10.

Jumei acquired Goudong to issue 5 million additional shares. At this time, the total share capital is 180 million shares plus 10 million equity incentives. After the convertible bonds are converted into shares, it will become 210 million shares.

In August, the Olympics is a hot spot for everyone, but for Qu Li, it is a month for him to reorganize Jumei and Glory. The number of shares represents rights and the composition of the board of directors. Glory does not have a board of directors, and Jumei's board of directors will all become its own people, and Brother Chuanfu is invited as an external director. Originally, I wanted to invite Lei Jun to join, but unfortunately I couldn't find anyone.

Under Andrew's matchmaking, the 20 million shares of Honor finally got it, and Xiangjiang Investment directly transferred money to Lehman Brothers to exchange this part of the shares. Dinghui and Weigang didn't dare to give a fart. The hundreds of millions of dollars that Qu Li invested in Xiangjiang, except for the options purchased for 60 million U.S. dollars, the remaining 690 million U.S. dollars will also not come back. He has to pay back 150 million U.S. dollars. USD borrowing.

You said why, of course it was Huatou's 1 billion US dollars that caused the trouble. Wu Hongning invested in Xiangjiang. I don't know why it attracted the attention of Huatou's senior executives. During the Olympic Games, I met Qu Li and asked 10 questions. million dollar investment.

"Try to be more standardized, and don't let people find faults." Huatou boss

Mad, what does this mean? Standardized, he can still command Zhang Yiwen from a distance? Can he still withdraw funds from Xiangjiang Investment at any time? Anyway, in the end, Xiangjiang Investment combined Huatou and Vision Fund's money into one fund, with Huatou's share of 55% and Vision Fund's 45%. Qu Li didn't seem to suffer.

But the matter was not over yet, Zhang Yiwen moved Andrew somehow, let them join Xiangjiang Investment, and bought Lehman Brothers' investment in China with about 200 million US dollars in cash from Quli and Huatou. The assets here include: 35% of Sunac shares, 7.7% of Kingdee, and an investment of US$10 million in Qunar.

"I really underestimated you!" Qu Li didn't know whether he was angry or scared.

"Sorry, I didn't tell you in advance." Zhang Yiwen burst into tears

"It's over, you are a young lady, how dare I ask for your apology."

"What did you say……"

"Still pretending, who are your parents?"

"What does who my parents have to do with us?"

"So you are relying on your ability..."

"I don't want to either. If I knew it, I wouldn't want the 1 billion US dollars from Huatou..." Zhang Yiwen explained that Xiangjiang Investment was originally a grassroots team. Although it has a strong ability to make money, it relied on Qu Li's foresight. Even if she had an idea, she would not choose to do it at this time.

"I didn't hide the matter about my parents on purpose. You never asked, and you said that you don't want to get married. I'm afraid you will be burdened..." Zhang Yiwen said, but Qu Li couldn't believe it all.

"Could it be that you think that I work at Zhaoshang Securities for you?"

"..." As soon as these words came out, Qu Li was speechless. No matter how arrogant he was, he would never have such an idea. When he met Zhang Yiwen, he was still a little man with a little money.

Holding Zhang Yiwen in his arms again, Qu Li was in a complicated mood for a moment. He wanted to ask many things, but he couldn't ask them.

"I am pregnant!"

"..." Qu Li was stunned. After a while, his chills rose and his anger surged. He pushed Zhang Yiwen away, trying to calm himself down.

"What do you want?" This is not an ordinary girl, you can have it or not.

"What do you want?"

"I, I said a long time ago that if you want to get married, she is the only choice." After Qu Li finished speaking, he hesitated for a moment and said, "No one can force me. Based on my current foundation, Chinese women can't tolerate me. Miguo can , Silicon Valley can..."

"What do you think, how could I..." Zhang Yiwen cried with a cry, and the pear blossoms were raining!

Qu Li is still indifferent, so what if he thinks too much, he is the leader of two big companies, he doesn't think too much about things, does he wake up only when danger is imminent?

If there is nothing to say overnight, Qu Li's bottom line will not be broken.

The next day, the two of them went out to work as usual, and Lehman’s shares in Glory were emptied. It is reasonable to start a new round of financing, but Lehman Brothers is about to go bankrupt. money?

The matter of Huatou and Zhang Yiwen is imminent, and it has no impact at present, but the future is hard to say now.

"Don't worry, you have registered on it, and everyone must follow the rules."

"Then I don't care. History tells me that there will be a chemical reaction when power and wealth are mixed together. It is impossible for me to put myself in a dangerous state of flammability and explosion. If you have any dangerous thoughts, you'd better tell me first , I want to cut my robe and judge justice..."

"Damn, why are you crazy? They haven't done anything to you yet. I want to be as free as I want now, is it worth it?"

Qu Li didn't care so much, he had to make extra preparations.