Chapter 72 ByteDance’s B round of financing!
Zhang Yiming stood at the top of the conference table, looking at the four investment companies sitting below with a smile and a calm demeanor.

When his eyes swept over Su Chen and his group, they stayed for a moment, and he smiled and nodded at Zong Xinyao.

This scene was also seen by Yuan Zhen and others, and everyone had their own thoughts.

Especially Original Code Capital, which participated in the angel round, and Haina Capital, which participated in the A round of financing.

At the beginning, the two companies and Youli Capital had already discussed privately how to divide the cake and try to get the most shares with the least money. However, they never expected that a "Cheng Yaojin" would appear halfway and seem to have a close relationship with ByteDance's boss.

This made the three investors a little confused for a while.

Zhang Yiming also took in the expressions of the heads of the three investment companies and laughed secretly in his heart.

He had accidentally learned that his old classmate Zong Xinyao had returned from abroad and joined a newly opened investment company and became a senior executive. He instantly had an idea to bring this new company Yunmengze into the game to break the monopoly of Original Code Capital and Haina Capital, otherwise it would be detrimental to the company's development.

As an excellent entrepreneur, Zhang Yiming naturally understands the way of balance. Polygonal internal development can promote the rapid expansion of the company!
Both Original Code Capital and Haina Capital are investment companies that have been established for many years. Naturally, they are aware of all the issues involved and therefore pulled Youli Capital into their small group.

Regardless of whether Yunmengze obtains the B round of financing or the three companies win jointly, Zhang Yiming will be able to remain calm and reap the greatest benefits.

But Zhang Yiming had never expected that although Yunmengze was a start-up investment company, the boss behind the scenes was a powerful dragon!

Seeing that the time was almost right, Zhang Yiming coughed lightly, and then began to introduce the company's development and future plans, and showcase the highlights of the investment, which is also a necessary process for financing.

Only when capital sees that the company has development prospects will it invest more money.

Watching Zhang Yiming standing at the front of the conference table, talking about how excellent his own technology is, how the functions and technologies of similar products are leading in the world, how the industry's leading users are, and how high the natural growth is.
Su Chen was completely confused after listening to this. He wanted to doze off and even lowered his head several times. Zong Xinyao, who was standing next to him, wanted to die. If she had known earlier, she would have let the boss rest outside.

The heads of the other three companies and Zhang Yiming, who was speaking on the stage, also gradually noticed something strange about Su Chen.

Yuan Zhen and the other two were all delighted. They already thought that Su Chen was just a smokescreen sent by Zhang Yiming to increase their investment share and get them to invest more money.

Zhang Yiming was also feeling bitter, as it seemed that all his previous plans would be in vain.

As the explanation went on, Su Chen could no longer bear it and fell asleep with one hand supporting his head.

I don’t know how long it had been, Su Chen was sleeping soundly when he heard Zong Xinyao calling him.

"Boss, wake up~"

"What's the matter?" Su Chen said with narrowed eyes.

"Zhang Yiming has finished his statement, and now comes the highlight!" Zong Xinyao explained quickly.

When Su Chen heard the highlight, he knew that this was the final step in financing.

"According to estimates by professional institutions, ByteDance's current market value is 20 million US dollars. The company has decided to take out % of its shares for financing, and the responsible persons can subscribe on their own!" Zhang Yiming said confidently. He has high hopes for the company's future development and has put a lot of effort into it.

"Oh!" Zhang Yiming sighed secretly, it was a pity that his plan went wrong.

“Mr. Zhang, the company’s valuation of 50 million US dollars is a bit high. Among the several products currently under ByteDance, only Toutiao is the top one. However, Weibo, a similar product in the market, has already dominated the market. Toutiao alone cannot compete with Weibo.”

"According to our evaluation, ByteDance's market value is at most 40 million US dollars, so I don't agree with your company's valuation!"

Guo Chuang, the head of Youli Capital, took the lead in launching an attack in order to suppress ByteDance’s valuation!
Yuan Zhen and Lan Zhen on the side had a smile in their eyes. The purpose of bringing in Youli Capital was to make him a pioneer and try to tear down ByteDance's defenses to achieve their goal.

Zhang Yiming was a little angry when he heard this. He knew that this was an effective means of capital, but he also knew that his company currently only had Toutiao.

"Mr. Guo, with the development of science and technology, the personalized digital media market will usher in rapid development. ByteDance has already laid out related industries. With our user base, I believe we will see a leap forward in the near future."

Guo Chuang of Youli Capital was about to refute, but Zong Xinyao, who was sitting next to Su Chen, echoed, "We in Yunmengze agree with this. The future is the Internet era, and the digital media market will become the mainstream."

Yuan Zhen and the others sneered in their hearts when they saw Zong Xinyao's fate. "It seems that she is really a helper hired by Zhang Yiming. What other intentions could there be for such blatant support? It's nothing more than making them spend more money!"

The three of them looked at each other and exchanged glances. Haina Capital, as the lead investor, began to make trouble. "Mr. Zhang, the market value evaluation given by our three investment companies is 20 million US dollars. The price of % of the shares is million US dollars. If Mr. Zhang has no objection, all three of us will subscribe!"

"You guys?" Although he had been mentally prepared, when this moment came, Zhang Yiming still found it difficult to accept.

He could only look to his old classmate Zong Xinyao for help. If Yun Mengze did not participate, there would be only two outcomes for Zhang Yiming.

First, ByteDance tearfully agreed to the demands of three investment banks led by Haina Capital, which ended in ByteDance's complete defeat.

Secondly, this round of B financing failed, ByteDance lost the opportunity for rapid development, and its future is bleak!
Zong Xinyao also saw Zhang Yiming's request for help, and then looked at Su Chen beside her. After all, she was not the one making the decision.

Su Chen was seen with his right hand on the table, his left hand supporting his chin, his fingers tapping rhythmically, looking as if he was thinking.

"Boss, we." Zong Xinyao asked tentatively.

Zong Xinyao's words interrupted Su Chen's thoughts. He stopped tapping his fingers and turned to look at Zhang Yiming at the conference table.

"We at Yunmengze agree with Mr. Zhang's market value assessment. We will subscribe to all 20% of the shares! If Mr. Zhang thinks it's okay, we can sign the contract right away!"

Su Chen's clear voice echoed in the conference room. The three investment companies that were about to enjoy the fruits of victory all looked at Su Chen with a look of surprise.

Zhang Yiming was relieved when he heard this. "No problem, we can sign the contract directly!"

When Yuan Zhen and others heard this, they instantly lost their composure!
(End of this chapter)