Global monopoly of technology

The two parties met at the first meeting, but the specific financing will have to wait until a week later, because the new round of financing needs to consult previous investors.

In this regard, Bluestar Technology said there is no problem.

After Zhang Xuhao sent Pang Lei away, several young co-founders screamed excitedly in the office, finally releasing the excitement that was suppressed before.

There are no outsiders anyway.

After calming down his excitement, Zhang Xuhao immediately called the previous investment institution and explained the general content of the matter.

The previous VCs agreed without hesitation when they heard the news. Without him, although Bluestar Technology wanted 40% of the equity in one go, the original shareholders must be heavily diluted, but the overall valuation has skyrocketed from nearly 100 million US dollars. To 750 million US dollars.

The more important reason is the direct drop in investment risk, because the signboard of Bluestar Technology is too loud and returns to WeChat's first-level traffic portal.

There is no doubt that with the admission of Bluestar Technology, the prospect of Ele.me is brighter than ever.

After obtaining the attitude of all shareholders, Zhang Xuhao confirmed that he was correct in order to contact the strategic investment department of Bluestar Technology the next day. Pang Lei gave him an affirmative answer directly. The staff of Bluestar Technology will visit him in five days. Sign the contract and send 300 million US dollars in cash directly to Ele.me’s company account on the same day.

With this money, Zhang Xuhao believes that the company's ammunition is abundant and there is no need to consider Series E financing in the next three or four years.

It is best to be able to achieve an IPO after the D round of financing, but he also knows that this is basically not hopeful. After all, such as Bluestar Technology, the IPO can be achieved after the C round of financing, and the initial public offering exceeds 5 billion US dollars. Yes, it is an extremely rare example in the history of global Internet development.

Throughout the history of the world's Internet industry, in the past ten years, only two companies have created a sensational IPO record, and they are both world-renowned technology giants.

One is Google, whose IPO in 2004 raised $2.7 billion in financing.

The other is Bluestar Technology. The 2006 IPO created a financing miracle of US$5.6 billion.

In the first decade of the new century, Bluestar Technology and Google were hailed by the world as the "gemini" of the global Internet industry. In these ten years, there is really nothing more shining than these two newly emerging Internet companies. .

After Zhang Xuhao finished the phone call with Pang Lei, he sent an e-mail inside the company. Currently, Ele.me has 1,283 employees.

The content of this email roughly means that the company has negotiated a 1.88 billion (300 million US dollars) D round of financing, with a valuation of 4.7 billion (750 million US dollars). This news caused quite a bit within Ele.me. sensation.

Zhang Xuhao sent this email to stabilize the military. After all, the company is in the entrepreneurial stage. Even if it has prospects, it is still based on the premise of drawing a big pie. The employees are worried that the company will not be able to raise money and even pay wages.

The news soon spread from the company inside Ele.me. It caused great attention in the industry for a while, including competitors and many investment institutions.

This is the largest single financing case set by the Internet industry since 2013. No wonder it will cause a sensation in the industry.

Everyone is curious about who is so inhumane, but Zhang Xuhao did not disclose the investor's information in the email, but said "the investor is the most moat investment institution and the top Internet company in China", and the specific details will be It will be officially announced on Tuesday, February 19.

This news has also made Ele.me Food Delivery Company the most concerned new star in the circle nowadays. Many media and industry insiders have begun to analyze why the online ordering business is so favored by capital.

Before the industry could digest the news, on February 16, another large-scale financing event broke out in the Internet technology circle, which directly broke the financing scale of Ele.me.

Meituan held a media conference on the 16th. Founder Wang Xin officially announced at the press conference that the company has entered the food delivery industry. At the same time, it announced that it had completed the C round of financing of 700 million U.S. dollars, and Meituan was valued at 3 billion U.S. dollars.

The last round of financing was two years ago. At that time, it was valued at 220 million U.S. dollars. Now it has become a unicorn company. A major information leaked at the press conference has made Meituan become the industry nowadays. Focus.

That is, the C round of financing was led by Bluestar Technology Group, followed by Ali, Pan Atlantic Investment, and Sequoia Capital.

Bluestar Technology alone cost 500 million US dollars, which can be described as uninhabitable.

But the most important thing is that the influence of the four words Bluestar Technology is too great.

As time went on, on February 19, Ele.me finally disclosed the investor’s information, and the investor was the Bluestar Technology Group.

By this day, the industry has gone from curiosity and surprise at the beginning to as expected.

Because the news of Meituan’s Series C financing was swept back a few days, and the time was pushed forward a few days, the information disclosed by Zhang Xuhao claimed that the investor is the most moat investment institution and the top Internet company in China.

Thinking about it, and Meituan’s C round of financing also announced its entry into the food delivery industry, Bluestar Technology is undoubtedly the most suitable object for this sentence.

In late February, media news broke that Ali once again led the investment in Dianping and completed the E round of financing. The amount of financing has not been announced to the outside world, and Sequoia Capital, Tengxun and Bluestar Technology are co-investors.

Just entering March, the Internet broke out financing news again. Didi Taxi completed a US$25 million Series B financing, and the investor was indeed Bluestar Technology.

In less than three days, Kuaidi also announced that it had completed a US$1,500 A round of financing, led by Ali, and followed by Jingwei Capital.

No one thought that entering the new year, the domestic Internet technology circle started so madly, the two domestic Internet giants began to frantically "staking the race". In just one month, the two Internet giants made frequent moves.

Affected by this good news, the big A-share science and technology innovation board and Internet concept stocks directly ushered in the three consecutive daily limit.

The market and the entire Internet industry suddenly became hot. This is unexpected, but it is also reasonable.

People look back on the strategic restructuring of Bluestar Technology Group last year. This is already good news. The reason why A-shares were not stimulated at the time was because everyone felt that Bluestar Technology would be hit hard by Wall Street airdrop agencies.

Later, Bluestar Technology won a complete victory and the bears left the market sadly, but the entire market did not fluctuate significantly and entered a period of stability.

After all, time has entered the New Year, and everyone is rushing for the New Year.

However, in mid-to-late February of the year, the top Internet giants in China smashed money wildly. The capital winter in the Internet industry in recent years seemed to disappear overnight, directly igniting the investment fever of the entire industry.

It is worth mentioning that the real estate giant Wanda Group has also joined this investment boom and began to make a move in the Internet industry, which is likely to stage a "Three Kingdoms War" posture.

As time went on, in March, even greater good news stimulated a clear signal that the big A-shares had entered a bull market from a bear market.

That is, the concept of "Internet +" has become a national strategy.

During this period, the broader market has led the world for three consecutive years. The Shanghai Index fell by 7.15% as a whole, the Shenzhen Index fell by 11.58%, the small and medium-sized board index rose by 18.45%, and the ChiNext index rose by 92.81%, of which 80 The% gains were all set in the past half month.

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Hangzhou, Ali headquarters.

"You catch a little brother, and I will also catch one. Soldiers against soldiers, and will fight against you. If this continues, we can't fight Bluestar Technology." Xiaoyaozi Zhang, who was present at the meeting, said worriedly.

"This is not a question of whether we have the final say, nor is it a question of whether to fight, but a problem that we have to fight." President Ma sighed deeply and sighed, "Look, there is another news today. , Jingdong announced that it has completed the E round of financing of 1 billion U.S. dollars, and the investor is Bluestar Technology, and it is an exclusive investment of 1 billion U.S. dollars. Luo Sheng has already burned the war to my hinterland."

The executives attending the meeting were also quite dignified. In the past few years, Ali's managers were very puzzled. Why did Bluestar Technology work against Tengxun and Baidu instead of playing with Ali.

The whole seems to look down on e-commerce, and some people in the industry ridicule that way, but this is also the reason why Ali can rise.

In fact, it was not that Luo Sheng didn't want to, but his energy was limited.

At that time, Bluestar's focus was almost on the international market, especially the North American market, because after 2010, as the scale of China’s manufacturing industry reached the top of the world, Lao Mei’s attitude began to change, and it wanted to expand globally. The markets of developed countries will be full of difficulties, especially the North American market.

The mainland market has not been Luo Sheng's focus until now. After all, in his eyes, the mainland market will do whatever it takes, just so confident.

Although it’s a little late in time, I do a good job of "socializing" my housekeeping skills, and the rest is done. The cost of late admission must have soared, but these years of hard work in the international market are also earning The pours are full, not bad for this little cost increase.

Problems that can be solved by throwing money are basically not a problem here.

In the conference room, President Ma, who was sitting in the chief, spoke with a smile and a relaxed tone: "There is no need to be like an enemy. The competitors this time are indeed terrifying, but no matter how bad the situation is. It was even worse when the IT bubble burst around 2001, when the company almost died."

Ma is always a master orator, and he is good at boosting morale.

"Don't look at the tyrannical Bluestar Technology, but the big ship also has great difficulties. It is quite difficult to turn the rudder and it is difficult to adjust its attitude. Bluestar Technology itself also has big problems. Although it has more than 200 billion US dollars in cash on the book, it is burdened The debt burden of the company is the highest in the company’s history. Each of the three strategies costs money, not to mention that we are not yet the number one opponent of Bluestar Technology."

"The number one opponent of Bluestar Technology is the group of technology giants in Silicon Valley, so it is impossible to concentrate all their energy on competing with Ali, unless Luo Sheng is willing to give up the entire national market and shrink in the mainland, but this young man will definitely not shrink in the mainland. The size of the company, the company's philosophy, and the expectations of the people that the company carries do not allow him to be a turtle."

"Look at the cloud computing business of Bluestar Technology. The data center in North America would rather burn billions of dollars a year for maintenance and vacant than sell to Google. This is an obvious signal, so Luo Sheng can spare a lot of money. One of the energy is very good to work against my Ali. Why does he invest in Hungry, Meituan, Volkswagen, Didi, Jingdong, etc. keep attacking from all directions? Because of limited energy, I can’t manage it. I will end in person, so I have to win over a bunch of outsiders."

When Mr. Ma said that, the attending managers couldn't help nodding their heads, and their confidence suddenly rose a lot.

That's right, Bluestar Technology is indeed three or four times that of Ali, but the opponent it has to face may be thirty or forty times that of Ali.

Mr. Ma added: “Of course, in terms of tactics, we still have to pay enough attention to our competitors. In 2013 or 2014, the group company should draw up a prospectus to launch an IPO plan. This year and next are the best for Ali. At the time of the year, just taking advantage of the current good situation to complete the IPO and raise a large amount of money, enough ammunition reserves can be confident and not afraid of the opponent's contest!"

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