"Exchange of equity? Haha, with my little wealth, how can I catch the eye of Mr. Lei?" Yang Xiao smiled and did not take Xie Guomin's words to heart.

"Haha, Mr. Yang, you are too modest. Now the number of users of WIFI Master Key has probably exceeded 300 million, right? The valuation of your software is probably not much lower than the current valuation of Xiaomi!" Xie Guomin continued to smooth things over.

"There's no comparison, there's no comparison. Mr. Lei's business is still more substantial."

Yang Xiao waved his hand and looked at Junzi, "Boss Lei, I heard that Xiaomi completed its D round of financing last month and received $200 million?"

"2.17."

Junzi nodded, his face somewhat elegant.

Xiaomi’s current total valuation has reached around US$40 billion.

Compared with Yang Xiao’s previous “indulging rumors”, the current valuation of WIFI Master Key is only around 50 billion, which is only RMB. The two are not in the same order of magnitude.

Even though Yang Xiao runs an Internet company, the valuation was originally inflated.

In the future, there has always been a debate on the Internet about Xiaomi.

That is whether it is an Internet company.

At least from this point in time, it is a company that purely sells mobile phones.

Xiaomi is now engaged in industry. It is amazing that it can get such a high valuation with such a strong mobile phone market.

Not to mention the later construction of a series of ecosystems from the popular Xiaomi mobile phones across the country, to the Xiaomi Youpin e-commerce platform, to smart homes, etc. Yang Xiao knew that it had great potential!

It is building a strong moat like Tencent and Alibaba.

Yang Xiao also had self-awareness at this time.

His WIFI master key doesn't even qualify him to scam the other party, and maybe Junzi doesn't even take him seriously.

So he didn't continue talking about the previous topic.

Unexpectedly, the unique points of Yang Xiao's remarks on "fan economy" and "ecological layout" just now touched Junzi's heart. Unconsciously, he gave a very high evaluation of this young man Yang Xiao and thought highly of him.

During the dinner, Yang Xiao occasionally talked about some ideas for the development of the Internet, which gave him a lot of inspiration.

Until the end, Junzi couldn't help but say:
"Boss Yang, I am personally very interested in the equity swap plan that Boss Xie just proposed. Although WIFI Master Key is just a tool APP, it has such a huge user base. Coupled with the development speed of smartphones, even a valuation of 10 billion yuan today is not excessive.

How about this, if you are willing, we can hold a shareholders' meeting after we go back, and treat this exchange plan as a strategic investment layout, and sell you 10% of the shares as a whole. But to be honest, I am not only interested in the WIFI Master Key, I am also interested in your [Food Benefit Group]."

"Oh? Are you serious, Mr. Lei? Are you willing to sell your Xiaomi shares?"

"Why not? I don't like other people's products, but Mr. Yang, your product is excellent in terms of pattern, vision and foresight. We need an excellent partner like you."

Upon hearing this, Yang Xiao was stunned by this unexpected surprise. He never expected that Junzi would take the initiative to give up his shares in Xiaomi and get him to join.

Even though it’s only 10%, it’s a lot!

Higher than some of the venture capital firms that have entered the market!
Yang Xiao was very happy to make this deal.

Even though Junzi did not mention the specific amount of equity he wanted, Yang Xiao took the initiative to propose a suitable equity to show his sincerity:

"Boss Lei, Boss Lin, how about this? I'll take 20% of the shares of [Qingsong Online Technology] and add 10% of the shares of [Food Benefit Group] to carry out this exchange plan. How do you think?"

"Mr. Yang made a decision so quickly?"

"Yes, Mr. Lei is interested, so I should show my sincerity."

Seeing that Yang Xiao agreed seriously, Junzi and Lin Bin looked at each other, and then nodded firmly.

"Okay, then we'll start implementing this tomorrow!" Junzi said seriously.

In fact, after completing the C round of financing, he and Lin Bin, as co-founders of Xiaomi, had a combined equity stake of less than 50%.

In this round of D financing, Lei Jun's shareholding ratio is only 31.41%, and Lin Bin's shareholding ratio is only 13.32%, which is becoming increasingly scarce.

However, Junzi also played the AB dual-class share system. He attached great importance to the control of the company until it went public. Even for this 10% equity swap, he planned to hold a shareholders' meeting after returning and conduct equity transactions in the form of overall strategic cooperation.

"Mr. Yang, you are at a disadvantage. The shares of [Qingsong Internet Technology] still have a lot of room for growth. And Mr. Lei's mobile phone industry will probably be difficult to make a profit in the next few years. Is this deal worth it?"

Xie Guomin was surprised that a joke he made casually had become a reality and actually led to the deal, which made him unable to help but ask questions.

In fact, even he privately advised Yang Xiao to enter the e-commerce market through the WIFI master key, but Yang Xiao never accepted the offer.

As long as we are really determined, it will be no problem to raise hundreds of billions of dollars in minutes.

Yang Xiao is going to give up 20% of his shares right now?
That's really a lot of willingness!

Moreover, he actually doesn't have a good impression of Xiaomi.

Even if the shipment volume is higher, it may even reach sales of US$2012 billion in 10.

Because the mobile phone market is so competitive now, with so much competition, who dares to say they can survive to the end?
In fact, Junzi is a person who has the habit of being arrogant.

They always compare Xiaomi with Apple.

He has a way of fooling newbies, but among people in the industry, he has long been a joke.

In Xie Guomin's mind, Xiaomi really doesn't have much strength. He was a little unsure, so he reminded Yang Xiao.

"Mr. Xie, I know you're worried, but don't worry, we have all underestimated the value of Xiaomi. At least in the long run, this deal will not be a loss. Just trust me."

Of course Yang Xiao knew Xie Guomin's worries, so he whispered something to comfort him.

Yang Xiao can’t say that Xiaomi’s market value will increase more than tenfold in the future, right?

Moreover, being able to trade the shares of [Qingsong Internet Technology Company] in this way and to carry out multiple equity swaps and bindings with large groups like [Xiaomi] would be the most profitable and exactly what he wanted.

WIFI Master Key can only continue to accumulate users and rely on advertising to monetize.

As I said, before the company goes public, all this money is fake.

Unless Yang Xiao sells his personal equity to cash out.

This method is actually useless and morbid.

Even though everyone envies him for mastering a top software, in fact, only he himself knows how anxious he is.

The so-called entry into e-commerce is just a matter of stacking BUFFs.

How can you just get involved in a brand new field if you want to?

Are JD.com, Alibaba and other companies vegetarians?

We must encircle and suppress him!
It would be better to continue to play steady and increase customer base as the smartphone market grows.

Moreover, once he really gets involved in other fields, he will be infinitely swept away by capital.

We can only keep raising funds to fight the business war, and we can't stop even if we want to!

At least now it is a big cake in the eyes of the world. Yang Xiao's top priority is to make the cake bigger and bigger. Taking the "cake" in your hand and exchanging it for the "cake" in the hands of others is the safest and most profitable way to exchange goods.

Yang Xiao stayed in Yanjing for a few more days to perfect the equity swap plan with Xiaomi.

Then, without any delay, he took Chen Rui and rushed to the Magic City.

Bilibili’s office location was moved here from its original location in Hangzhou a long time ago.

At this time, in the conference room, Yang Xiao, Chen Rui, Xu Yi and several of his shareholder friends who own a small amount of shares were sitting together.

Yang Xiao coughed and said with a smile: "Boss Xu, and everyone, don't be nervous. Today, everyone is here for the development of Bilibili. This is a good thing!"

Xu Yi's expression was very ugly, and it did not ease up because of Yang Xiao's words.

He had received the news before, and he had a bad feeling about the convening of this shareholders' meeting.

These two people came to Shanghai specially and sat here. It must be not just about the company's business development direction. Some of them have bad intentions!

Moreover, the way Yang Xiao addressed him was no longer in the "honeymoon period" as before.

Including Chen Rui, they are becoming increasingly distant.

Everyone was very polite before. The two of them called Xu Yi by his online name [Bi Shi] and were quite polite to each other.

But now it's Mr. Xu and Mr. Yang, and they are becoming more and more distant.

"Mr. Chen, Mr. Yang, what do you think about the current development of Bilibili?"

Xu Yi was a straightforward person, so he asked the question first, his eyes fixed on Chen Rui.

There was no way. After Yang Xiao entered the meeting room, he cunningly pushed Chen Rui to the main seat. They had discussed this before coming.

Although he is now the largest shareholder, he plays a "supporting" role while Chen Rui is in charge of Bilibili.

But no matter what, Xu Yi's words still made Yang Xiao feel extremely disappointed.

How come after more than a year, you are still so rash in your words and actions?

Can't you calm down a bit?

Why are you blurting out everything that's really in your heart?

Not to mention that he is the head of a large company, even some of the management probably have a much higher EQ than him! What a loss!
Yang Xiao came today with the intention of giving him a lesson, teaching him about the coldness and cruelty of human nature.

"Boss Xu, look at you, what are you talking about? You are kicked out of Bilibili after you have done your job. What the hell is going on? It's totally untrue!"

"Nothing? Stop lying to me! You can't hide the information about your equity change from me! Then tell me, why did Chen Rui get an extra 5% of the shares? What kind of secret deal did you make in secret?"

With a "bang", Xu Yi slammed the table and pointed at Yang Xiao: "Yang Xiao, stop pretending. I've seen your wolfish ambitions a long time ago. You've never cared about Bilibili's affairs, and you've been interfering with its operations before. Are you ashamed?"

Yang Xiao snorted, "Boss Xu, I have to say something about what you said. First, the change of equity is a normal transaction, and there is no need to hide it from you.

Second, does the so-called meddling in operations refer to the development of Chinese comic copyrights and the cooperation with YouYaoQi Animation DreamWorks? If so, I would like to ask, has this caused any losses to the company? Or has Bilibili's performance declined as a result? Probably not, right?"

"This"

Xu Yi was stunned by Yang Xiao's indifferent tone.

I don't know why, but I was suddenly shocked and lost my temper, just like a punch on cotton.

There was something else behind Yang Xiao's words, because his several strategies had directly made the video website Bilibili gradually gain some popularity beyond the two-dimensional world.

The size of the website has therefore increased.

However, what bothered him was that the website had become too commercialized and had become somewhat impure.

This is the most fundamental difference between him and Yang Xiao.

Chen Rui, on the other hand, is the one who balances business and two-dimensional culture the most.

Therefore, Yang Xiao had to be the villain today:

"Mr. Xu, today is just a normal meeting of our shareholders. We are all law-abiding citizens, and everything we do is naturally within the scope permitted by law."

Hearing this, Xu Yi gradually calmed down under the gazes of others: "Tell me, what is your purpose today?"

"Mr. Xu, no one wants to force you out, but at the moment, you are no longer suitable to be the CEO of the company. I propose a replacement."

"Change? Yang Xiao, what qualifications do you have to replace me? I know you are a big capitalist now, but I am the founder and the largest shareholder!"

"It's true that you are the largest shareholder, but the combined shareholdings of Chen Rui and I exceed 50%. This proposal can be implemented without your consent, and this is my qualification. Do you understand?" Yang Xiao said calmly.

Hearing this, Xu Yi was also startled, and then looked at Chen Rui again, and immediately became excited again, shouting angrily,
"I understand. You two are here to force me to abdicate today?! Fine, fine, you are both old foxes. I can't beat you!

Now you want to kick me out of Bilibili and get rid of me?
Okay, no problem, but let me put this here, if you want to force me to leave, I won’t let you off easily either!"

"."

Upon hearing this, Chen Rui and Yang Xiao looked at each other and saw the helplessness in each other's eyes.

Chen Rui couldn't help but comfort him, "No, Mr. Xu, calm down, okay? It's not what you think."

"What do you mean it's not what I thought, Chen Rui? I misjudged you at the beginning and was fooled by your disguise. No wonder you have been planting your spies in the company. It turns out that you and Yang Xiao have been birds of a feather for a long time!"

Xu Yi now has a lot of dissatisfaction with Yang Xiao, and the conflict has reached an irreconcilable point.

It was as if he was suffering from paranoia, and he didn't treat Chen Rui well.

"Boss Xu, I was right when I said that you are not suitable to be the CEO. You can't even control your own emotions, which is a big mistake. But I still want to tell you that as a professional manager, Boss Chen is far more suitable for this position than you. This is something that everyone in the company knows very well.

Moreover, this decision is not made in the interests of any particular shareholder.

I just ask you not to forget that Bilibili currently has 15 million registered users and 4 million daily active users.

Maybe you are still the same as before, but it is no longer the same little broken station!"

Yang Xiao was still playing the role of the villain. His words were so powerful that they shocked Xu Yi's heart and made him unable to calm down for a long time.

In business, whoever has the loudest voice does not win.

No one is right.

But who can bring benefits!

He couldn't refute what Yang Xiao said at all!

Seeing this, Chen Rui received the eye signal from Yang Xiao, then pushed his glasses on the bridge of his nose and started to act like a good guy:
"Boss Xu, I have already resigned from Cheetah Mobile. When Boss Yang invited me to take this position, I was a little hesitant at first, but this is not to sideline you or kick you out.

It's because Mr. Yang and I are both sincere in our efforts to make Bilibili better. In addition, I hereby make a promise and sign an equity bet agreement. If Bilibili's performance cannot double within six months of my tenure as CEO, I will resign and transfer all my shares to you two free of charge in proportion!"

(End of this chapter)