Chapter 173 Fuze's firepower covered
The next day, Liu Mingxuan sent a message: "Let's go, thank you for the red envelope for my child."
"Have a good trip."
Lu Liang received and replied to the message and ignored it.
When the relationship is good enough, even if you only meet once a year, you can quickly regain the feeling you had before.
This is the relationship between him and Liu Mingxuan.
On April 7, Xigua will be online for one week.
The data is extremely eye-catching, with the number of registrations exceeding 10 million.
At first, most of them came here to collect wool, but the byte algorithm is exquisite, and not everyone can collect wool.
Gradually, some creators’ data were not ideal, so they gave up their efforts and stayed in Xigua.
Although Douyin has more than 5 million users, it is already a small popular app, but Xigua caught up from behind, which made Yang Zhenyuan very stressed and couldn't sleep all night long. The already full heaven became even fuller.
On this day, he came to Shanghai from the capital to discuss with Lu Liang, planning to activate Article 21 of the contract in advance.
Twenty-one articles stated that he has the right to make suggestions to allow shareholders to dilute their equity and put 5-10% into the equity incentive pool, but this clause requires the approval of 66.7% absolute control.
Even if Douyin does not have Series A financing, he only holds 60% of the shares, so he needs Lu Liang’s support.
Yang Zhenyuan knows the difference between Douyin and Xigua, so he plans to recruit some big names in the industry.
Real big guys cannot be moved by money. The price that Douyin can afford will only be higher by others.
Can only be bound by equity.
At the beginning, Yang Zhenyuan took this into consideration and came up with Article 21 of the contract.
It’s just that he didn’t think about using it so early, but there was no way, Xigua’s algorithm was too strong.
Douyin can’t even see the opponent’s back.
"Wait a little longer. If you use it now, you won't have a chance in the future."
Lu Liang looked through Douyin's various data in the past week. Although the number of users has increased and the daily activity has also increased, the quality has dropped significantly.
Before Xigua appeared, Douyin’s daily average daily activity was approximately 250,000, and users’ average online time was approximately 72 minutes.
Since Xigua went online, in just seven days, the daily online life has been shortened to 66 minutes, and there is still a downward trend.
Yang Zhenyuan sighed bitterly and couldn't help but feel a little pessimistic: "If we don't use it now, will there be a chance in the future?"
"There will be."
Lu Liang frowned, it was not a good sign that Yang Zhenyuan was so pessimistic.
If Douyin cannot stand up, how can he sell it at a good price?
The price of a high-spirited opponent is not the same as that of a defeated dog on the roadside.
“Let’s do this, recruit a large number of engineers first, and attract talents to join us with a salary that is 150% higher than the industry.”
"Don't worry about funds. As long as the funds are implemented, when the time comes and the money is not enough, I will find a way."
Lu Liang pondered, the empty-handed White Wolf's plan failed, and he could only change his policy and use money. Create a broad road.
If history does not change, in mid-November next year, Toutiao will spend a billion dollars to acquire Musical.ly for Douyin and promote the merger of the two parties.
To be able to allow Byte to invest such a large amount of money in Douyin, Douyin’s valuation must be far more than one billion U.S. dollars, and conservatively it will be 2 billion U.S. dollars.
Lu Liang still has nearly 400 million US dollars in cash, and he is worried that he has no place to spend it. The worst case scenario is that he will fight Zhang Yiming with real swords and guns.
According to Zhu Hu, Byte's liquidity is only over 200 million US dollars, and it has already spent 1 billion to promote Xigua Video.
Although it is not a one-time delivery, including Byte's funds, it will not exceed US$200 million.
With nearly 400 million US dollars, it can’t beat him, even poaching can hollow him out.
After all, today is different from the past. As the saying goes, when you are poor, you have tactics to intersperse, and when you are rich, you have firepower to cover.
Lu Liang already has the capital to cover the situation with firepower. Zhang Yiming had better come over and seek peace, otherwise Lu Liang would not mind fighting him to the end.
"Thank you, Mr. Lu. You are our anchor. With your words, we feel relieved."
Yang Zhenyuan was overjoyed. He leaned against a big tree to enjoy the shade. Equity is important, but real money is more important.
Real technology tycoons cannot be attracted, but they can measure the volume and simulate algorithms through huge mountains of code.
At least the algorithm can be compressed from a 12-fold gap to within 6-fold, which means it takes one hour to build a user profile. But Yang Zhenyuan didn't realize that Lu Liang was not interested in this. He only wanted to build electric cars. This was purely a way of seeking peace through war.
In the afternoon, Yang Zhenyuan returned to the capital with Lu Liang's promise, and then all the major Internet companies in the Beijing area exploded.
The first to bear the brunt is Baidu, the old club, which offered a salary 150% higher than the current salary and poached a technical team.
Secondly, ByteDance, Kuaishou, and more than 50 people have been poached one after another, forming a R&D team of over 100 people.
“I wonder, is Yang Zhenyuan crazy?”
“Can he be so excited with $1.5 million in Series A financing? It’s funny to jump over it and end up with no money.”< br>
"My cousin works at Douyin. I heard that Yang Zhenyuan just came back from Magic City and seems to have gone to find Lu Liang."
"Lu Liang... isn't he playing with new energy? Why is he still thinking about it? Get involved in short videos?”
“New energy is now, earlier, he is optimistic about short videos, it is said that it is because of him, Yang Zhenyuan He just left Byte to start his own business.”
“It goes without saying that Lu Liang is the founding investor of Douyin, and even after the Series A financing, he still holds 33.25% of the equity.”
"Tsk, tsk, Byte is going to suffer the old sin of throwing money away. Now, who can beat Lu Liang?"
Somewhere in Zhongguancun, several employees of a large factory were chatting. It was almost their consensus that they couldn't beat Lu Liang with their money.
After all, the first quarter of this year is not over yet, and the two private equity guarantees managed by Lu Liang made US$1.3 billion.
Even if he spends 300 million US dollars to play, even if he loses all of it, investors will not dare to complain.
Looking back at Byte, it is just an Internet company that has not yet made a profit. In terms of spending money, it really can’t beat Lu Liang.
Towards evening, Zhu Hu suddenly called: "Yang Zhenyuan is so crazy? Did you really instruct him?"
"Yes, I gave it to you."
Lu Liang smiled, paused and then said, "If you don't want to follow, I can take back the equity in Jinshajiang."
Zhu Hu pondered for a long time and suddenly asked: "Then you fight?" What’s the premium?”
Lu Liang walked carefully: “How about 10%? It’s good to earn some interest.”
Zhu Hu’s face darkened and he said angrily: “Can you? Darker? ”
"So you're going to follow?" Lu Liang asked with a smile.
"As many as there are, I think Shen Peng thinks the same way, don't try to throw us off the bus."
Zhu Hu looked angry. To this day, no one will To question Lu Liang's investment or speculative vision.
As a victim, he has a special right to speak.
Sometimes, he couldn't help but wonder if Lu Liang had everything settled.
Otherwise, how could he withdraw from ofo so quickly and let him voluntarily pay a 20% premium to become the takeover man.
Although ofo's valuation reaches US$500 million, management problems and financial problems have been exposed one after another.
The main thing is that Dai Wei seems to want to implement the order to the end, and plans to introduce Matrix Partners in the C round of financing and give up another one-vote veto power.
Hearing this news, Zhu Hu’s head was spinning. He was already discussing with Ah Li and wanted to get out even if he lost money.
Lu Liang escaped in round B. It has to be said that it was a very suitable time, as if it was calculated.
Now, Jinshajiang holds equity in Douyin, and Lu Liang asked Yang Zhenyuan to do it and provide financial support.
It seems that he is very optimistic about the development of Douyin. Although Byte is eyeing it, Lu Liang is a person who is good at creating miracles.
Whatever he says will be followed to the end.
Even if he loses money, he will admit it.
Lu Liang suddenly felt bored: "Just follow, I'll ask Shen Peng for his opinion."
After ending the call with Zhu Hu, Lu Liang called Shen Peng again. Shen Peng's answer was exactly the same as Zhu Hu's.
He smiled and said: "Just tell me how far it is. As long as you are still following up, Sequoia will always follow up."
Although he couldn't understand Lu Liang's thoughts either. , but you can still afford to lose hundreds of millions with him.
He believed in Lu Liang's vision.
(End of this chapter)