187: The battle for ByteDance has begun! Big names are gathering!

Time passed quickly.

In the blink of an eye, the time for ByteDance Company to announce its Series C financing had arrived.

Because, at present, ByteDance Company's valuation was only a few billion; it certainly had substance, but it wasn't exactly substantial.

But this "few billion" depends on who you compare it with.

Compared to the Alibaba Group, it was indeed just a small fry.

But if compared to Snow King or DJI, then ByteDance Company was undoubtedly a tech industry heavyweight.

A valuation of several billion was more than the combined value of Snow King and DJI today.

Of course, if you added in Bubble Blind Box, the three companies could still go toe-to-toe with a single ByteDance Company.

Therefore.

Ordinary small VC investment banks, the kind that specialize in seed rounds, angel rounds, and Series A rounds, were directly screened out.

Most of them invest in startups, companies with immature business models, or companies with potential.

What they are after is high returns from small investments.

If the investment is successful, the rewards are naturally substantial.

But if the company is mismanaged and goes bankrupt, one must be willing to accept the loss.

Simply put, the risk is very high, but the returns are also very large.

As for corporate investments after Series B, most are also called PE investments.

They target mature enterprises that have profitability and market share.

Investments in these types of companies carry very low risk, and the returns are naturally focused on stability.

To be able to invest in a company like ByteDance Company, which already possesses a mature project like Todays Headlines, it must be a large enterprise.

Beijing.

Wang Lin stepped foot here once again.

Unlike his last visit for leisure, this time he came specifically for financing.

ByteDance Company's Series C financing had now officially begun.

Some well-known investment banks in the industry had basically all sent representatives.

After all, ByteDance Company was a decent option in the tech sector, but whether one could invest in them depended on the vision and internal targets of each investor.

At the ByteDance Company headquarters.

In a VIP conference room on the second floor.

Representatives from several investment banks had already arrived.

ByteDance boss Zhang Yiming watched the arrival of these gods of wealth, bowing slightly: "Mr. Neil Shen, you've arrived!!"

"Ms. Xu Xin, please this way!!"

"Mr. Lei Jun, you've come too!! Please, come in, please!!"

"Mr. William Xiong, please sit here!!"

"..."

"Mr. Wang Lin, you are truly young and promising!!"

Finally, when Zhang Yiming saw Wang Lin, a flash of surprise couldn't help but cross his eyes.

Too young.

Truly too young.

Zhang Yiming had long known that a Brother Lin who had made a great name for himself in the stock market, and who was also a rising star in the VC circle, would be coming today.

The investments in Snow King and Bubble Blind Box hadn't attracted much attention.

But the blitzkrieg move to secure DJI had attracted the attention of quite a few people.

After all, this company had previously been eyed by Sequoia Capital; although the two sides hadn't reached an agreement, few people would really invest in a drone enterprise.

Yet, just as Sequoia Capital was dragging things out, Junlin Finance emerged out of nowhere and secured the Series A financing for DJI with lightning speed.

This also gave Junlin Finance a bit of a reputation in the VC circle.

Hearing Zhang Yiming greet Wang Lin, the assistant beside Neil Shen hurriedly whispered: "Mr. Neil Shen, that is Wang Lin from Junlin Finance!"

Neil Shen looked at Wang Lin, who still had a youthful appearance but a very calm demeanor, and felt a bit surprised in his heart.

Young, truly too young.

Among those of them in venture capital, who wasn't over 40?!

He, Neil Shen, was already 47 this year and had been in the industry for a full 9 years.

But looking at Wang Lin's appearance, he heard he hadn't even graduated yet.

At this moment, Neil Shen suddenly felt that he hadn't seen enough before.

Otherwise, how could there be a man in this world who, at just 20-something, could carve out a path for himself relying on his own abilities?

Thinking of this, Neil Shen took the initiative to go up and greet him: "Mr. Wang Lin, why don't you come sit over here?"

As for the previous Series A financing of DJI, Neil Shen had already put it behind him.

He could still participate in the subsequent Series B.

Seeing Neil Shen invite Wang Lin like this, everyone present was shocked.

Holy shit?

Wasn't there a rumor in the industry that Neil Shen and Wang Lin were at odds?

How does this not look like that at all!!

Is it a pretense, or were the rumors actually wrong?

Wang Lin was also a bit surprised, but seeing Neil Shen's invitation, he followed him over.

Just an old man, what the hell is there to be afraid of.

After sitting down.

Wang Lin glanced at Neil Shen beside him, then scanned his surroundings.

With this look, damn, it was a gathering of big names.

Besides Neil Shen from Sequoia Capital beside him, there was also Xu Xin from China Growth Capital, Jin Haitao from Shenzhen Capital Group, William Xiong from IDG Capital, and Lei Jun from Shunwei Capital.

There were also others from companies like DT Capital, Cornerstone Capital, DCM, Green Pine Capital, etc.

Wang Lin didn't really recognize them.

Those he had heard of and recognized were only these few.

As for Xu Xin, Wang Lin had heard of her because of the news during the future lockdown in Shanghai, where she was buying bread and milk in a group chat.

And the one Wang Lin was most familiar with was not the Neil Shen beside him, but that legendary man, Lei Jun.

Looking at Lei Jun, with his head of black hair, staring at him, Wang Lin mused inwardly: "This guy, he really is the chosen one. I'm afraid Lei Jun will also make a move in this financing today!"

"They are all big shots. It seems that being able to participate in financing at the level of ByteDance Company is a privilege in itself."

In this scene where big shots gathered, Wang Lin could be considered the one with the least seniority.

Everyone drank tea together and chatted about industry matters.

Neil Shen looked at Wang Lin and suddenly asked: "Why did you choose to invest in DJI's Series A financing? As far as I know, drone projects shouldn't be considered very popular, right?"

Although the people nearby were still talking, it was obvious that their ears had started to lean in to listen to this side.

Upon hearing this, Wang Lin didn't think much about it and said with a smile: "Perhaps it's because their founder's philosophy coincides with my investment philosophy!!"

"Another point is that the money invested in them wasn't much, just a mere 60 million USD, which is just a few hundred million in Chinese currency. For me, earning this amount in the stock market is very simple."

"With the ability to generate income in my hands, I invest in whatever I want; no reason is needed."

Hearing this, Neil Shen was dumbfounded.

Damn.

Is this how a 20-something-year-old thinks?

The crowd quietly eavesdropping nearby was also shocked into speechlessness.

At this moment, they finally remembered that the one they were eavesdropping on was the terrifying Institution that single-handedly created the multi-billion-valued Junlin Finance.

Some industry insiders estimated that the value of Wang Lin alone was as high as tens of billions.

And the cash flow he possessed, the funds belonging solely to him, amounted to a massive ten billion!!

Today's young people are too strong!!

Lei Jun felt a surge of interest in Wang Lin.