Chapter 207

Sequoia Capital had invested in top companies including Sina, Alibaba Group, and Meituan.

It could be said that this Shen Nanpeng was the big shot behind the big shots.

Last time Sequoia Capital came to Fengyi Tech in Shanghai,

it was just a vice president, and the valuation given was only a mere 2 billion Chinese yuan.

After hearing this, Lin Yi rejected it on the spot.

He didn't expect that he would meet the founding partner of Sequoia Capital, Shen Nanpeng, when he attended this exchange meeting.

It should be said that this person was also the chairman and founder of Ctrip and Home Inn.

He had successively worked in institutions such as Citibank, Lehman Brothers, and Morgan Stanley.

His resume could be said to be quite explosive.

"Hello, Mr. Shen!"

Lin Yi responded with a smile.

But he heard Shen Nanpeng say with a smile:

"Mr. Lin, last time our Vice President Chen came to your company without in-depth investigation, which was a bit presumptuous.

I would like to apologize for him here!"

"Haha, Mr. Shen, you are joking. I am just a newcomer who knows nothing in front of you all.

Last time, it was I who was a bit ignorant and neglected Vice President Chen,"

Lin Yi said.

The two were like an old fox and a young fox, communicating with each other.

At this time, Cui Hongming, a partner of IDG Capital, said on the side:

"Old Shen, I know that your Sequoia Capital wants to buy shares in Mr. Lin's Fengyi Tech.

However, one thing is one thing, when the time comes, everyone should compete if they should compete!"

Having said this, he also looked at Lin Yi:

"Mr. Lin, right!"

To this, Lin Yi just smiled and didn't answer.

In fact, no matter how flowery these venture capital institutions talked, he knew the future potential of Fengyi Tech,

and he would absolutely not accept equity investment.

If he accepted it, it would be purely giving money to these people.

Besides, a company accepts venture capital because it lacks money to develop.

But does Lin Yi lack it?

Holding assets of more than 10 billion US dollars,

Fengyi Tech even now has a monthly income of over 100 million Chinese yuan.

There is absolutely no need to introduce venture capital institutions.

Song Zheng, founding partner of Genesis Capital, asked directly:

"Mr. Lin, I don't know if your company needs financing recently. If so,

the price offered by our Genesis Capital will absolutely not be less than other institutions!"

"Mr. Song, if Fengyi Tech has any thoughts on financing in the future,

I will immediately look for you, Mr. Song!" Lin Yi said.

Hearing this, Song Zheng understood that the young man in front of him had clearly rejected him.

However, he still said with a smile:

"Then it's a deal!"

It seemed that seeing that there was no drama on Lin Yi's side, some venture capital institutions shifted their positions,

and many people surrounded Pinduoduo founder Huang Zheng.

Clearly, in the eyes of these people, Fengyi Tech was not the only choice for this exchange meeting.

Although Pinduoduo was only founded in September this year,

it quickly occupied the middle-aged and elderly market by relying on subsidies and universal "cutting a knife" (referral discounts).

Countless grandpas and grandmas could get cash and free goods by "cutting a knife".

Relying on the mentality of these elderly people who love to take advantage of small things,

Pinduoduo quickly grabbed a customer group that neither Taobao nor Jingdong had noticed.

And through the drive of these elderly groups, it was also influencing young people.

You know, before the birth of Pinduoduo, some media in the Long Guo believed that

it was impossible for the Long Guo's market to give birth to a new large e-commerce platform.

The market would be divided by Taobao, Jingdong, and some small e-commerce platforms.

Forming a pattern of two strong players.

However, with the appearance of Pinduoduo,

its user scale spread like a virus, hard-squeezing out a market of its own between Taobao and Jingdong.

Attracting a lot of attention from the market.

It was also favored by many venture capital institutions.

Of course, Huang Zheng had many big shots in the business world standing behind him,

for example, Duan Yongping of BBK, who had always appreciated Huang Zheng very much, although he himself did not understand the business model and did not invest in Pinduoduo,

but the help he gave was not small at all.

At this time, Huang Zheng also seemed to notice Lin Yi.

Looking at the many people surrounding him, he asked Duan Yongping:

"Old Duan, who is that person?!"

Duan Yongping heard this and said:

"The founder of Fengyi Tech, a quite remarkable person. Just now, Old Shen of Sequoia was talking about him!?"

"Fengyi Tech, the one that makes batteries!?"

Huang Zheng said.

If you ask how he knew,

it was because Pinduoduo had recently listed many electronic devices with fake Superba 18650 batteries.

These electronic devices, although all labeled as using Fengyi Tech's batteries,

turned out not to be the case at all when consumers bought them home.

Massive complaints had a not-so-small impact on Pinduoduo's reputation.

"Yeah, new energy batteries, and they are products with independent intellectual property rights.

Now some media are blowing that this person is the next Old Ren of Huawei!"

Duan Yongping sighed.

Although he had already immigrated to the Ugly Nation,

he was still quite aware of the domestic situation and was very willing to protect some young talents.

Before, in his eyes, Huang Zheng was such a talent.

From the time Old Ding of NetEase introduced Huang Zheng to him, he felt that this young man could succeed.

Plus now abroad, especially the Ugly Nation, it was very chaotic because of the DWS platform incident.

It was hard to imagine that in the wealthy area where a rich man like him lived, he could often hear gunshots in the middle of the night.

Many gun sounds were fully automatic firearms strictly prohibited by the Ugly Nation.

Under these circumstances, he returned to the country.

It's just that he didn't expect that there would be a genius like Lin Yi in the country.

He had just heard Shen Nanpeng's introduction.

A child from the mountains of Guizhou, who hadn't graduated from university, had managed to build such a career in the city of Modu on his own.

This is not something that can be summarized by saying it's not easy.

Especially, this person had absolutely no background,

nor did he have the help of him, Old Ding, and these people like Huang Zheng. ===== CHAPTER 208 =====

Nor does he have the help of people like Huang Zheng and Old Ding.