Chapter 135 Raising 20 billion

When the lights come on, the century-old Bund buildings showcase the charm of the foreign capital.

At No. 911 The Bund, a red carpet is laid out all the way to the main entrance. A white Porsche supercar is parked in front of the main entrance, reflecting the dazzling lights and embodying the beauty of industrial technology.

Classicism and the future are intertwined. Celebrities in suits and ties call this art. They sign their names on the curtain wall and face the media cameras with smiles of pride.

"Exaggerated."

Xie Jingxing looked out the window and said something indifferently. Li Yan tactfully drove the car around the red carpet and stopped at the side door.

This event is a delivery dinner held by the Porsche brand for Porsche 918 owners in China. In order to ensure that the first batch of owners have a cool experience, male and female celebrities and owners of low-end models were specially invited to act as the NPC atmosphere group.

Walking on the red carpet and rekindling feelings can ensure stable transactions in the used car market.

Not all luxury cars are called Bugatti, most are BYD, and supercar owners also don’t like to be the wronged.

Porsche’s public relations is relatively restrained, while Ferrari, McLaren and Pagani can be called the kings of hype.

When Xie Jingxing was in college, he would occasionally attend car company events and chat with gray-haired and authoritative engineers about driving pleasure. Now he prefers to talk to engineers about how to complete a new energy vehicle production line.

The cool air permeated the night. After getting out of the car, Song Anli helped him put on his windbreaker, and the two of them walked into the room in a low-key manner, one after the other.

"You are really good at pretending."

Prince Wang, who had been waiting at the door for a long time, complained, glancing at his current girlfriend who was beautiful and had a good figure and was standing beside him.

You know what, when the driver opened the car door and the female assistant put on a windbreaker, it was much more stylish than driving a supercar with a long-legged woman sitting in the passenger seat. He will also pretend to be like this in the future!
Xie Jingxing squinted at him: "Didn't you go to university in the UK?"

"What's wrong?" Xiao Wang was confused.

Xie Jingxing sincerely reminded: "Be careful when wearing your windbreaker. You should know that there are sweeping robots all over the streets of Britain."

"What the hell..."

Young Master Wang stopped talking forcibly, shook his long flowing hair that only literary men have, and led the way inside with his head back and neck stiff.

He learned from Jin Xiu that the man named Xie knew military boxing. Besides, the main reason for meeting today was to do it in front of the gossip reporters, so as not to provoke an all-round comparison between the two of them.

A few days ago, Lao Wang attended the Global CEO Summit and specifically called to nag Xie Jingxing as if he were someone else's child. He felt so fed up listening to him...

The first half of the event, the delivery ceremony, had already been completed, and the atmosphere at the second half, the dinner, was relaxed and noisy.

Xiao Wang randomly found a table with few people and sat down to start the conversation again: "The procedures of the film distribution company have been completed. I plan to visit the Yunnan crew in a few days. Do you want to come with me?"

"I have a lot of things to do here and can't leave. Please bear with me for a while."

According to Xie Jingxing, there seemed to be no problem with the filming of the movie. Concubine Pei told him two days ago that it would be finished by the end of December at the latest.

Xiao Wang was silent for a few seconds and turned his head to look at his girlfriend beside him: "This is my girlfriend."

"Hello, Mr. Xie, my name is Yao Xingtong and I'm an actress. You can just call me Tongtong." After receiving the signal, the girl quickly smiled and introduced herself.

Xie Jing Xing understood: "No wonder Mr. Wang wants to visit the crew, maybe he can help you get a role."

"Thanks to Mr. Xie for your good wishes. If I have the opportunity to act in a work directed by Ning Hao, I will definitely thank you very much."

Yao Xingtong's smile became brighter and brighter, her facial features looked a little mechanical, it seemed that the aftermarket accessories were not very good, and the original accessories were not very good either.

Xie Jingxing nodded and responded politely: "If you can give me a bowl of rice now, it will be the best thank you to me."

"...What?" Yao Xingtong looked at Xiao Wang for help with a confused look.

Xie Jingxing shrugged and explained: "I have been in a meeting this afternoon and haven't had dinner yet."

Yao Xingtong went to find the waiter with a wonderful expression, and Song Anli stood up and left with her.

Xiao Wang couldn't help but feel a little envious, and after a little consideration, he asked, "I heard from Concubine Pei's mother that you are going to film a TV series next year?"

"It's Concubine Pei's studio that wants to shoot it. The details haven't been determined yet. We'll talk about it when the time comes." Xie Jingxing disagreed.

Xiao Wang asked his girlfriend for a small role with just a few minutes of screen time. Saying it in person was a favor and there was nothing wrong with it. Asking for a favor was a bit underhanded.

He just said it casually, then paused and added: "If you want to invest in film and television, you can invest in some film and television companies that produce content through institutional operations. It is more reliable than investing directly in individual projects."

"Come on, invest in the familiar rather than the new. Pusi Capital is doing well in gaming and entertainment."

Xiao Wang is a single man with no reliable partner to guide him, and he has no interest in high-risk film and television investments.

Xie Jing Xing laughed secretly, Old Wang is revitalizing China and Young Wang is a pure warrior, these two are rare and honest people.

"In fact, gaming entertainment is a very broad concept. For example, the e-sports club you invest in has its own IP attributes, and it can completely expand the professional player MCN business and the club's cultural and creative peripherals."

Xie Jingxing generously gave suggestions for "pan-entertainment": "There are also upstream and downstream businesses in the industry, game live broadcasts, online novel creation copyrights...Now Tencent and Alibaba are both making entertainment IP layouts in this area."

"Are you interested in doing it?" Xiao Wang asked thoughtfully.

Xie Jingxing raised his eyebrows: "Buy an e-sports club?"

“Don’t think this thing is cheap. Just one spot in the League of Legends league costs several million. The club spends thirty to fifty million a year, and it will take several years for the money to come back.” Xiao Wang frowned and frowned.

Xie Jingxing squinted his eyes: "It's not cheap, it's a bit expensive."

"Fuck..." Xiao Wang's blood boiled.

He was just in the middle of scolding when he was interrupted by a pretty girl who appeared out of nowhere. The girl leaned her upper body against Xie Jingxing's shoulder and said, "Hubby, smile."

Xie Jingxing cooperated by putting on a smile and looked at her companion who was standing not far away and looking for an angle to take a photo with her mobile phone. The two girls took turns taking photos and surrounded him, calling him "husband" one by one, talking and laughing in an intimate manner.

It was not until Song Anli and Yao Xingtong came back with rice that he left reluctantly.

"Who are they?" Xiao Wang was confused.

“Maybe he’s an internet celebrity.”

Xie Jing Xing didn't know about this, so he took the bowl, picked up the chopsticks and ate a mouthful of food to fill his stomach: "If I were you, I would build a game live broadcast platform, spend some money to start the market, get external investment, and sign professional players from the club to live broadcast."

Xiao Wang fell into deep thought. It was uncertain whether the live streaming platform would make a profit or not by transferring money from one hand to another, but as long as the club was shameless, it would definitely make money.

Xie Jingxing threw out the bait and said no more, burying his head and concentrating on eating.

Putting aside external factors, Xiao Wang is indeed passionate about the e-sports entertainment industry. This can be seen from the fact that during the League of Legends World Championship Chinese qualifiers some time ago, he posted a complaint on his Moments because the IG team he invested in was eliminated by Royal Club.

The subsequent live broadcast of the girl group's online selection of concubines is most likely out of love. It's a pity that such a natural loser body does not entertain the public as soon as possible.

Xie Jingxing is very happy to see Xiao Wang start a live broadcast platform as soon as possible, acting as a troublemaker to heat up the entire live broadcast industry market. At present, the domestic live broadcast industry is dominated by entertainment live broadcasts such as YY and Liujianfang, and the game live broadcast that really attracts traffic is far from rising.

However, with the release of 4G camera services next year, Kuaishou's daily active users will explode, proving that the basic conditions for the mobile live streaming market are already in place. It would be too slow to wait until two years later.

A few months ago, when he was interning at Juntai, he personally missed the private equity financing project of Shanda Group, which owns Qidian Chinese Network. At the same time, Tencent took over the editorial team of Qidian Chinese Network and set up "Chuangshi Chinese Network".

This means that Xie Jingxing has lost the best "pan-entertainment" entry point, and the hot live broadcast industry can indirectly provide him with the next more suitable entry point.

So I hope Xiao Wang can help him out and fulfill his wish...

"I don't care about the daily operations of Pusi Capital. If you have any ideas, go talk to Jin Xiu."

After Xie Jingxing finished his bowl of rice, Xiao Wang managed to come up with an unexpected response.

This sentence was really difficult to say. For a moment, both sides stared at each other in silence, not knowing how to start.

Xie Jingxing tried his best to break the awkwardness tactfully: "Instead of thinking about how to cooperate with me to invest in projects, it would be better for you to directly invest the money in Grapefruit Capital, which would save you trouble and effort."

"Grapefruit Capital is looking to raise funds?" Xiao Wang sat up straight without making any comment.

"Grapefruit Capital's US office has just completed a $200 million fund raising."

Xie Jingxing briefly introduced the situation: "The domestic office will start raising funds for a 20 billion RMB fund at the end of the year, with a closed period of 7 years and a minimum investment of 2000 million RMB."

"Why don't you just go and rob?" Xiao Wang widened his eyes in disbelief.

Xie Jing Xing chuckled and raised his chin slightly: "Am I not worth this price?"

"…This is not a question of whether it's worth it or not. Brother, do you have any idea of ​​how much money 2000 million is? Not to mention how many people can come up with 2000 million in cash for a high-risk investment. My dad complained to me for several days when I spent 918 million on a 1000!"

Xiao Wang gave a very down-to-earth example from his own experience. Today's regulatory requirements require private equity fund investors (LPs) to invest a minimum of 100 million yuan. Xie Jingxing made 20 times the money with his big mouth.

Moreover, the total amount of the fund is RMB 20 billion. There are probably only a few domestic institutions, led by Sequoia, which dare to set such high standards based on the good return rates of successful delivery and liquidation of funds in the past and the large number of "repeat customers".

Xiyou has been established for several months. Although the founder has his own halo since his debut, there is absolutely no reason for him to play like this.

LPs who can come up with 2000 million in cash for high-risk investments have countless investment projects to choose from. Grapefruit looks good, but is Sequoia Capital bad?
Personal grudges aside, the fact is that Xiao Wang took the initiative to mention the investment in the TV series and was interested in co-investing in the live broadcast platform project from an institutional level, all because he valued Xie Jingxing himself.

He doesn't mind investing 2000 million to test the waters when Grapefruit Capital is raising funds, but this standard completely reveals his arrogance towards LPs.

"You don't start with 2000 million, you spend 1000 million to buy a car, and if you want to invest in this fund of Xiyou, you need at least 5000 million."

Xie Jingxing corrected him, and before Xiao Wang could start to talk, he slowly revealed, "I have currently found six LPs, and 400 million yuan of funds are in place."

"Are you really going to rob someone?" Xiao Wang pretended to be stupid and asked tentatively.

Xie Jingxing shook his head and laughed: "To be honest, the starting investment of 2000 million is to make a small profit but quick turnover to gain reputation. In actual operation, I still have to select investors again. I don't want to take everyone's money."

"Is this fund for early-stage investment?" Xiao Wang tried to be tough and stubborn.

Just use your toes to imagine Xie Jingxing's public network of connections. Before the fund-raising procedures were completed, six people had already collected 400 million in cash. It is very likely that they included people with strong backgrounds such as Xiao Ma Ge and Liu Qing.

As an LP with them, it is acceptable to be a little arrogant.

Xie Jingxing corrected again: "Mainly invest in mid- and late-stage, focusing on local life services and O2O."

"Online ride-hailing, online travel, group buying, etc." Xiao Wang smelled danger.

Xie Jing Xing smiled mysteriously and said, "I may not know as much as you do about 2000 million, but I should know more about 20 billion and how much it can do."

"..."

Xiao Wang cursed in his heart, "It's outrageous," and then asked, "When will the fundraising be completed?"

"Next June at the latest." Xie Jingxing was full of confidence.

Xiao Wang perked up: "By then I can probably invest 1 million... will I have a share?"

In the middle and late stages, local life services will be O2O, and the scope will basically be limited to three areas: group buying, online car-hailing, and online travel.

Xie Jingxing obviously wanted to burn the 20 billion cash like ghost paper. It can be foreseen that the return on investment in the three areas with clear market structure will not be particularly high, and conversely the risk will also be low.

This is the advantage of Grapefruit Capital getting on board early. Other institutions will not be able to catch up if they want to enter the market and burn money later, so it is worth investing 1 million yuan for this.

"I can only keep your share until March next year at most." Xie Jingxing became more and more harsh.

Xiao Wang smacked his lips: "I..."

"Hubby, long time no see."

While the two were talking, a girl with long wavy hair draped over her shoulders, a fashionable temperament and a pretty face came over and greeted them.

Xie Jing Xing stood up and opened his arms towards her: "Long time no see, give me a hug."

"I just heard that you were here too, so I came to see you."

The girl politely nodded to Xiao Wang as a greeting: "I saw you post on WeChat Moments the day before yesterday. You still have some shares, right? Can you give me a chance to arrange a time to chat?"

"No problem, just come to Xiyou's office to find me later." Xie Jingxing agreed readily.

The day before yesterday, he posted on WeChat Moments announcing the news that Grapefruit’s Silicon Valley office had completed fundraising for a $200 million fund. He also announced the fundraising for Grapefruit Capital’s domestic office. Pony Ma and Martin Lau each sent him private messages to chat for a few minutes.

The former agreed to invest 1 million and the latter 5000 million. Mr. Ma and Cai Chongxin were inexplicably similar and jointly invested 1.5 million. Liu Qing, who was a wealthy woman, invested 5000 million from her private money, and Deng Wei, who had just cashed out, invested 5000 million.

Compared to the $20 million foreign fund that requires a bet, the billion RMB domestic fund is really not a big deal for Xie Jingxing today. The network of personal connections he has built up by himself is very convincing.

He invited Xiao Wang to invest just to tie more people onto the Grapefruit ship, so he didn't want money from nouveau riche or coal bosses. His best choice would be LPs with a certain good social status, such as partners of law firms or bosses of industrial companies.

The girl in front of me is Liu Ying. I met her once at a Juntai recruitment fair and added her on WeChat. Her father’s company is a first-tier supplier of Liugong, which meets the screening criteria.

After a few pleasantries, Liu Ying left with a fragrant breeze. Xiao Wang's skills were interrupted many times tonight, and he asked unhappily, "Who is this again?"

"So-and-so, your father."

Xie Jing Xing lazily explained: "Don't ask who a woman is when you see her talking to me. I'm different from you. Sometimes I really don't know who they are."

Song Anli silently reached out and plucked two strands of long hair from Xie Jingxing's shoulders that were stuck during the hug. The hair spun in the air and fell along with the dust, disappearing without a trace and no longer visible.

"Do you really know military boxing? Why shouldn't I believe you?" Xiao Wang rolled up his sleeves in anger.

(End of this chapter)