Chapter 230 Five Times in Half a Year

"You all know about the recent situation. Our servers are under a lot of network security attacks every day, and there is also negative Internet public opinion that needs to be resolved."

Prince Wang did his best to make his statement sound objective and reasonable: "Qihoo 360 has fought a big battle with Tencent. They have plenty of experience in public relations, not to mention network security."

"So what is the specific financing plan?" Xie Jingxing did not comment.

Prince Wang had already prepared an answer: "Qihoo 360 can give us a valuation of 7 million, transfer 15% of the shares, and raise 1 million."

The current equity structure of Panda TV is that he holds 80% of the shares including the option pool through "Panda Interactive Entertainment", and Xie Jingxing holds 20% through Taihe Capital.

给奇虎360周鸿祎15%股权，前两者持有股权比例分别稀释到68%与17%，持股价值为4.76亿、1.19亿。

From the perspective of return on investment, a 5-fold increase in half a year is not bad by any means.

However, under such an equity structure, this round of financing must be an independent investment by Qihoo 360, and it is unable to give up more equity to introduce other investors, so Kuaishou is out by default.

"You are the major shareholder, you have the final say." Xie Jingxing leaned back in his chair, looking a little lazy.

Prince Wang was silent for a few seconds, then said sincerely, "After the financing, Qihoo 360 will directly assign a team to our platform to focus on risk control and technical operations. This support is very sincere. And you told me before that Douyu's valuation in the last round of financing was only $1 million."

"I am not against the financing plan because of my personal grudge against Zhou Hongyi."

Xie Jingxing was equally frank: "You have to know that the current staff of the company is mostly from Tencent Weishi, and the technical team is poached from ByteDance, plus social recruits. The entire company has only 60 or 70 people divided into three groups. Why do you think Zhou Hongyi reluctantly gave up his elite troops to you?"

"I have considered this. To put it bluntly, venture capital is a matter of mutual benefit. Who gets the advantage and who gets the loss depends on their own ability. He thinks he can lay eggs by borrowing chickens, but I think we are just picking up the benefits for free."

Mr. Wang's words were quite true. Zhou Hongyi didn't believe him, and he didn't believe Xie Jingxing even more.

Everyone is well aware of the inside story of this round of financing, and has different suspicions about the public opinion storm that appeared inexplicably and subsided in an instant.

However, the parties were far from at loggerheads, and would not break the tacit understanding and exchange harsh words, resulting in a lose-lose situation. As the absolute controlling party, he had already made a firm decision, and it was meaningless to say anything more.

"Super managers accepting bribes, anchors breaking contracts and switching jobs, and servers frequently crashing are all minor troubles that occur in the company's regular operations. You have to spend more energy to deal with them."

Xie Jingxing was losing interest. Maybe Xiao Wang had a forward-looking strategic vision and was ambitious, but judging from the way he handled the sudden public opinion crisis by running home and calling his father, it could be seen that this guy's management ability was really not trustworthy.

Since Zhou Hongyi wants to come in, let him come in. It is very interesting that a small company of a hundred people has set up the formation of the Romance of the Three Kingdoms.

He rubbed his temple, changed the subject and asked, "What do you think about the response plan for the Clean Network Operation?"

"We should strengthen the review and ban those entertainment anchors who go too far. We can take advantage of this wave of policy guidance to shift our brand positioning to PGC professional content production." Prince Wang responded positively in a negotiating tone.

Xie Jingxing sat up straight: "I have an idea. Currently, many universities are developing campus apps and online video courses. Can Panda TV cooperate with major universities in technology? Build an online course live broadcast software for students based on the platform's underlying technical architecture?"

"It is technically feasible, but what is the purpose of doing this?" Prince Wang couldn't figure out the value of it for a moment.

Xie Jing Xing said as a matter of course: "Do charity, actively embrace mainstream values, and move closer to policy orientation. At least in terms of network risk control and auditing, Panda TV can accumulate a lot of experience, and other benefits can be slowly considered. I just thought of it these few days, whether to do it or not, and how to do it specifically, you decide."

Young Master Wang fell into deep thought as he analyzed the pros and cons. This matter wouldn't cost much money, so it shouldn't be a big deal.

The problem is that the only benefit that can be seen for the time being is the enhancement of the ability to resist risk control audits, which is a bit useless. After all, his and Xie Jingxing's reputations have been damaged, and they are in the sensitive period of the Net Cleaning Operation.

It is still unknown whether the university is willing to cooperate. If you have to take the initiative to curry favor with them, it will be a waste of money. "Can you connect with the school's cooperative resources?"

He thought it over and finally agreed reluctantly. Xie Jingxing had compromised again and again today, and it would be unreasonable not to give him some face for the only condition he proposed. If it really didn't work, he would find a chance to decline it politely.

"We can discuss this with Fudan University, Jiaotong University, and several other universities and middle schools. I'll let Tang Man work with you on how to implement this."

"Middle school?"

"Oh, there are also online classes in middle schools. Now is the era of technological teaching." Xie Jingxing explained lightly.

Prince Wang didn't take it to heart, secretly breathed a sigh of relief, and said after careful consideration: "Zhou Hongyi took the initiative to contact me, in fact, I can also talk to other companies."

"No need, he and I really don't have any deep hatred. Just like you said, it's just a matter of ability." Xie Jingxing laughed.

Prince Wang was speechless, then he discussed a few plans to establish a typical positive energy anchor, and left with a lot of thoughts and half-beliefs.

If possible, he really didn't want to quarrel with Xie Jingxing, but Zhang Xuhao's previous experience was a lesson, and no founder would remain indifferent when facing the same situation as him.

Xie Jingxing is too dazzling. Looking at the top domestic investors, from Internet giants such as Tencent and Alibaba to top venture capital firms such as Sequoia and DST, most of the top investors that can invest in start-ups have a good relationship with him.

He was forced to bring Zhou Hongyi in, even though he knew that conflicts between investors were a taboo in entrepreneurship and he had no better choice.

Qihoo 360, Douyu.

Watching Prince Wang being sent away by his assistant, Song Anli circled two key points from a long list of "suspects" in her notebook, picked up the coffee tray and walked into the office.

"Do you agree to his financing plan?" She lowered her head and looked amiable.

Xie Jingxing took the coffee and took a sip and asked, "What else?"

Song Anli pursed her lips quietly. A few days had passed since the sudden public opinion crisis. The originally strong and talented investor had been in an abnormal mood and looked lazy and listless.

He doesn't deal with his work, doesn't pay his taxes, and his mind wanders from morning to night, in a daze.

For this reason, she understood the famous feudal saying - thunder, lightning, rain and dew are all grace from the emperor. If you don't understand, just shut up and don't express your opinion. Just listen carefully. She is still far from it.

"I invested in a startup, and because of its outstanding performance, I had conflicts with the founder and we became suspicious of each other. The founder brought in external investors and shareholders through subsequent rounds of financing to find a balance, and then either he was driven out or I was driven out."

Xie Jingxing put down his coffee cup: "Luckily, I have never failed."

"But it's too troublesome to keep repeating the same tricks to achieve success. I have to try to solve this dilemma once and for all."

He stood up and stretched. "Zhou Hongyi wants to make money and disgust me. I'll give him a chance. Brother Ma can beat him so hard that he'll kneel down and beg for mercy. There's no reason why I can't do that, right?"

"Then, should I notify President Tang to come and see you?" Song Anli asked tentatively, as if thinking about something.

Xie Jingxing raised his eyebrows: "Of course."

(End of this chapter)