Shockingly, a counterfeit factory has produced a 3-nanometer chip.

Chapter 95 The Largest Shareholder in Jingxi

Liu Qiangdong immediately started making plans.

The valuation of $5 million is 3.3 times higher than the previous funding round (when Capital Today invested, the valuation was $1.5 million).

Given the backdrop of the economic crisis, this premium is indeed very high.

But a 40% stake... means that Huaxin will become the largest shareholder of the Jingxi platform.

Currently, he himself holds about 45% of the shares, but after the financing, he will completely lose control!

"Mr. Huang, your company has invested so much, I'd like to know... why us?" Liu Qiangdong looked at Huang Tianya seriously...

"Your company's domestic presence is mainly in the mobile phone industry, with relatively few internet companies... This large investment..."

The plan seems quite comprehensive to me; you could easily launch another platform and build your own logistics system.

"Because I value you as a person."

Even the best plan needs a capable leader to achieve success.

Huang Tianya's blunt statement instantly left Liu Qiangdong speechless.

"I have read all your interviews, speeches, and some of your publicly available internal emails."

You're not the kind of entrepreneur who just wants to make quick money; you genuinely want to create a high-quality shopping platform.

This series of actions immediately moved Liu Qiangdong deeply. Although he knew it was all just polite talk, after enduring countless cold shoulders, someone suddenly told him...

What I value is not your company, but you as a person.

This was an incredible act of kindness, and if circumstances allowed, he would have even knelt down and kowtowed to him several times…

Liu Qiangdong felt a lump in his throat; over the years he had faced too much doubt and too much ridicule.

This is the first time someone has understood him so well!

"The model of western Beijing is very heavy and the construction is very slow. Once it is completed, the moat will be terrifyingly deep."

Logistics, warehousing, supply chain... these are all tangible assets, not the intangible traffic of the internet.

"But..." he still had reservations, "40% of the shares is just too much..."

"Mr. Liu, I've already said that I'm investing in you as a person, so we won't interfere with your daily operations at all. We'll just provide the money, we won't meddle, and we'll even give you some benefits!"

But we have one request…

"Please say so!" Liu Qiangdong immediately lowered his guard. He should have said so earlier; this investor is simply a godsend.

"Of the 200 million US dollars, more than 80% will be used for logistics construction, and we will send staff to supervise it."

"Is it possible to build the best logistics network in China within three years, taking advantage of the economic crisis?"

Liu Qiangdong immediately stood up, his eyes a little red, and then patted his chest and guaranteed: "Yes, I guarantee you that in three years, Jingxi Logistics will definitely be the fastest, most accurate, and best logistics in China."

This funding is available in 100%, let alone 80%.

"Okay." Huang Tianya stood up and shook hands with him. "Let's sign the agreement."

After reaching a consensus on the key terms, the subsequent negotiations went much more smoothly, but they still lasted for more than three hours.

The final terms signed were: Huaxin would invest US$200 million to acquire a 40% stake in the Jingxi platform, valuing the company at US$500 million post-investment.

Huaxin will not participate in day-to-day operations, but will appoint a director to participate in day-to-day supervision.

Jingxi promises that 90% of its investment will be used for logistics construction, and a logistics network covering major cities will be built within three years.

Transsion phones will be sold primarily on the Jingxi platform, and depending on the company's strategy, they may be granted an exclusive sales period.

The terms were very favorable. After signing, Liu Qiangdong shook Huang Tianya's hand, his voice slightly choked: "Mr. Huang, thank you... thank you so much. You have no idea what I've been through these past few days... sigh..."

"Don't thank me." Huang Tianya patted him on the shoulder. "If you want to thank someone, thank our boss. He's the one who believes in you and wants me to invest. Don't let him down."

Liu Qiangdong was slightly lost in thought. The person in front of him was just a professional manager, but there was a big boss behind him. It was really... How could he have managed such a big business without anyone behind him?

After all, Huaxin Investment has a portfolio full of high-quality assets.

…………

The news spread quickly!

Huaxin Investment invests 14 billion yuan in Jingxi, valuing the company at 35 billion yuan.

The largest single financing deal during the economic crisis

Who is Huaxin Investment?

Jingxi Logistics Officially Established on the Jingxi Platform

These reports completely blew up public opinion.

"This is insane! A valuation of 35 billion, and Jingxi is still losing money, how can it be worth so much?"

"Does capital come from nowhere?"

"I don't understand, I completely don't understand this operation..."

"There really are crazy people who dare to help Liu Qiangdong build his own logistics network... Just wait and see if they lose everything."

Even the investment community was in an uproar.

Shen Nanpeng from Hongshan called Liu Qiangdong directly to ask about some details of the cooperation, but Liu Qiangdong gave vague answers and brushed it off.

Seeing this, Shen Nanpeng stopped pretending: "President Liu, how confident are you about this move of building your own logistics network?"

"100%, because logistics is the infrastructure for the next 10 years. If we don't do it now, we won't be able to afford it later."

This statement completely moved Shen Nanpeng. Since someone was willing to invest, he decided to take the gamble.

"I wonder if Mr. Liu is still short of funds? Let's take a gamble based on a valuation of one hundred million US dollars."

"I'm sorry, Mr. Shen... we have enough funds for the short term. Hongshan can join us next time."

After saying that, Liu Qiangdong hung up the phone immediately!

Cool!

This is the fifth call today. Hongshan, IDG... all the capital firms he had previously sought meetings with have proactively called back.

The price was also proactively increased from the previous $300 million to $500 million.

Everyone wanted to get on board, but it was too late. The next time they wanted to get on board would be three years later.

After putting his phone on silent, the first thing Liu Qiangdong did was to accelerate the construction of logistics.

Five logistics centers in Kyoto, Shanghai, Guangzhou, Chengdu, and Wuhan are under construction simultaneously, employing advanced automated sorting equipment and expanding warehouse space.

The large-scale recruitment of delivery personnel began, marking the start of a new era of e-commerce.

…………

Guangzhou, Transsion headquarters.

Shen Fei looked at the logistics construction report for the Jingxi platform and nodded in satisfaction.

"Mr. Shen, I'm still a little worried," Huang Tianya said honestly. "Will two hundred million US dollars be enough to burn through Jingxi's resources for three years?"

"Not enough," Shen Fei shook his head. "But it's enough. Once Jingxi Logistics starts to show results, the next round of financing will be much easier."

Other investors will be scrambling to invest... then we can gracefully exit and preserve our shares.

Shen Fei then presented another investment report: "Taobao is mainly focusing on building a platform with light assets, but it cannot solve the problem of counterfeit goods."

The products on the Jingxi platform are verified and guaranteed, which is its absolute core competitiveness.

In the coming years, with the upgrading of consumption, users will increasingly value genuine products and user experience.

"The road in western Beijing is the right one."

"Why not let other funds invest? The risk is still a bit too high..."