The Black Card - Chapter 1276

[Chapter 1274 Valuation is not ideal]

This surprised Shi Lei a little.

He sat up a little and asked: “Are you planning to expand so soon? Are you a little anxious?”

Song Miaomiao shook her head, her hair, which was already quite long, made Shi Lei feel itchy. Since she established a relationship with Shi Lei, , Song Miaomiao had already removed the hair that had been added earlier, leaving her original hair, and now it is the length of a standard lady’s short hair.

“The United Kingdom is too small, only the size of two Jiangdong provinces, and Wales and Northern Ireland are too small to put them on the market, so we just put some bicycles there symbolically to prevent the locals from thinking we are To favor one over the other, in fact, these two parts are not regarded as real markets. The main ones are England and Scotland, and the value of Scotland is not great. To put it harshly, the announcement of England is actually just the announcement of England. And the main It is within the scope of urban counties, and the market in non-urban counties is of little significance, so even though Qixuan UK was established not long ago, the British market is actually almost saturated. If we don’t expand outside, our business will stop.”

Shi Lei thought. After thinking about it, this is true. Europe is originally small in area and there are so many countries. Most of the countries are the size of one or two provinces in southeastern China.

Qi Xuan said that if the UK wants to grow bigger, it can only focus on the whole of Europe, rather than confining its sights to a single country.

“What is the current valuation?”

“During the A round, my mother and I followed the valuation given by venture capital funds in Europe. Although we were our own people, the accounts still had to be clear. The valuation at that time It is 180 million euros. Now we are preparing for Series B and have made preliminary contacts with several countries in the EU. Facing this favorable situation, our valuation has reached 340 million. I discussed it with my mother Of course, we have discussed it with Li Qian. We all think that we can stretch it as much as possible. It is estimated that with the opening of our second national-level market, even if we only launch the first batch of 10,000 to 20,000 bicycles , this valuation can go up a bit. There should be no problem if it exceeds 400 million. With luck, it may reach 4.5.”

Shi Lei had no opinion on this, but the Series B valuation of 400 million, that is, 2 The 17.8 billion soft girl coins seem to be a bit lower than those in China.

However, the initial investment of Qixuan UK is much higher than that of Qixuan in China. This does not take into account the brand value of Qixuan.

If the brand value of Qixuan is taken into account, based on the fact that Li Qianhaocheng only received 25% of the shares of 150 million, it was actually a total investment of 600 million.

At that time it was close to 100 million euros.

The A round was only estimated at 180 million, which is still a little short of doubling. Now it can only be estimated to a maximum of more than 400 million, and there is still major expansion, which is really low.

Song Miaomiao seemed to sense Shi Lei’s thoughts and said with a smile: “Do you think the valuation is a bit low? Let me tell you, my mother, me, and Li Qian have been very busy working for Qixuan UK during this period. They are worse than dogs. The reason why the valuation is not so ideal is because in Europe, the bicycle sharing project has not really become popular. This is different from that in China. After all, the population density is different. If your primary market was in In the west, the value increase will definitely be slower. In addition, the cost here is already high, so it is good to have such a valuation now. My mother said that the next step is to take Qixuan UK to the entire European Union. , at least before the C round of financing, the markets of more than three major countries must be opened, and France and Germany must be among them. In this way, the valuation of the C round will rise significantly. In the C round, perhaps it will not be better than Qixuan There is less domestic financing.”

Shi Lei had no say in this, because he did not have much investigation, and he did not know how difficult it was for them to develop Qixuan UK in the UK.

All along, I have seen good news, but it has never been compared with the scale of domestic development.

Now, Shi Lei understands a little better.

“The B round is only more than 400 million, and the top is less than 3 billion. Can the C round really reach the level of Qixuan’s C round in China?”

Song Miaomiao kissed Shi Lei on the lips and said with a smile: “I still hug him My mother is more conservative. My own opinion is that because we are facing the entire EU market for the C round, I think it may be directly estimated to be around 3 billion euros…” “

More than seven times. An eight-fold increase?”

“Let’s wait and see!” Song Miaomiao seemed to be in high spirits, and the sluggishness she had felt just now was gone.

Seeing that Song Miaomiao seemed to be getting more energetic, Shi Lei couldn’t bear it anymore. He quickly opened the quilt and got out of bed and said, “Let’s take a shower. I’m almost exhausted. I took a ten-hour flight to get here today.” Yes, and the jet lag hasn’t even returned yet!”

Song Miaomiao curled her lips and followed Shi Lei into the bathroom dissatisfied. After teasing him twice to no avail, she muttered: “I’m afraid you have to stay energetic for the night. Sun Yiyi, right?”

Shi Lei’s face darkened slightly. He had forgotten that there was such a thing just now. He didn’t look at the time and just glanced out the window. The sky was still bright, but it was the end of July and the beginning of August. It was so dark at night. It doesn’t get dark until after seven o’clock, so it’s already five o’clock no matter how you look at it now.

I couldn’t help but feel a little worried…

Of course I wouldn’t say it out loud, otherwise Song Miaomiao’s temper wouldn’t explode?

After washing, the two of them returned to the bedroom one after another. Shi Lei put on a change of clothes and the phone rang on the sofa.

When he picked it up and saw that it was Sun Yiyi, Shi Lei’s heart could not help but beat wildly. He only answered the call after walking to the balcony.

As soon as the call was connected, Shi Lei heard the guilt in Sun Yiyi’s voice. She said: “Brother Shitou, I’m sorry, I’m afraid I won’t have time to go over and have dinner with you tonight. There was an emergency in the company, and I had to stay. It will probably be finished at eight or nine o’clock. You can have your own dinner. I’ll call you when I’m done.”

Although Shi Lei also felt a little regretful, he still breathed a sigh of relief. No matter what, there was no need for sparks to hit the earth.

So, he said: “Okay, then you can get busy first.”

Sun Yiyi hesitated and said, “Why don’t you ask Mr. Shui if she can go over and accompany you?”

In any case, Sun Yiyi and Song Miaomiao always wanted to When dealing with people, she also called Song Miaomiao Shui Ye. This was mainly the reason why Li Qianhaocheng called him that way in front of her every day.

Shi Lei hesitated for a moment, but decided to tell the truth: “She is here with me now.”

Sun Yiyi was slightly startled, and then said softly: “Then let her have dinner with you, that’s fine, it will save you the trouble of having a good meal alone.”

Shi Lei couldn’t help but feel a little apologetic, and said: “One day One, right…”

Before he finished speaking, Sun Yiyi interrupted him and said, “Brother Shitou, stop talking, I know everything. It’s okay, you two can have dinner, I’m still a little busy here. I’ll call you when I’m done.”

Shi Lei hung up the phone silently and looked at the Thames River not far away from the balcony, feeling slightly startled.

Song Miaomiao hugged Shi Lei from behind, put her head on Shi Lei’s back, and said softly: “First sister is not as easy to deal with as me and Wei Xingyue, right? When are you going to open this layer of window paper?”

Shi Lei turned around and put the Song Miaomiao hugged Shi Lei and said softly: “I’m sorry, I…”

Song Miaomiao stood on tiptoes and kissed Shi Lei, blocking out what he wanted to say.

“Wei Xingyue and I thought about this day when we decided to stay with you, so there is no need to say sorry.”

1.

(End of chapter)