Andy, your grandfather is fine, right?
Of course it's okay. Thank you for giving me such a long preparation period. Everything is OK now. He got along very well with my adoptive parents, but he asked me to start a normal life earlier.
Zhang Weihao nodded and said: OK, anyway, there is no risk of leaking secrets on a private plane, so I will start directly.
Although the Magic City only had two hours to fly to Hong Kong Island, Zhang Weihao and the others did not intend to waste this time, so they started some of the main work arrangements before heading to Hong Kong Island, the most important of which was Andy's related work.
Chief Financial Officer is an inevitable product of the development of corporate governance structure to a new stage.
A governance structure without a CFO is not a perfect governance structure in the modern sense.
In the ever-changing market environment, as competition becomes increasingly fierce and enterprises are transforming to modernization and groupization, entrepreneurs are thinking more deeply: how to maximize the use of the enterprise's resources, information and financial control methods, so that shareholder value can continue to grow, organizational capabilities can be continuously optimized, and corporate risk governance can meet demand, so that the development of the enterprise is invincible.
All of this determines that the transformation of the financial management system is imminent in the current environment.
There is nothing that is not related to financial management, and financial management has become the core of enterprise management.
In an interview with domestic news organizations, the Chief Financial Officer of Kodak, the executive vice president of the United States, talked about the responsibilities of the Chief Financial Officer of the United States.
He believes that the CFO of the American company fully manages the company's financial and accounting affairs.
An important responsibility of a CFO is to convey the company's operating conditions and financial settlement reports to investors, so that investors can understand the actual operation of the company.
Therefore, CFO is also a sound tube for communication between companies and investors.
The Chief Financial Officer is responsible for finance, accounting, investment, financing, investment relations and legal affairs.
The company's financial department, accounting department, and information service department are all managed by the CFO.
In addition to being responsible for the public relations between the company and investors, CFOs must ensure that the company has enough cash during its development and enough office and production and operation space. They can borrow money through bank loans or raise money in the stock market.
In addition, the company's own investment affairs and complex legal affairs are also managed by the CFO.
Lin's Bank naturally had a CFO, but the bank did not have a strong financing department or relevant person in charge before, because there was no strong need in this regard.
But now it is different. After Zhang Weihao moved into Lin's Bank, Lin's Bank has invested in many major projects, among which the most successful and influential, and even more valuable and more development potential than the entire Lin's Bank. Therefore, everyone is watching the IPO of WeChat, which is a big thing that everyone cares about, and is more concerned about than letting Lin's Bank go public. After all, the probability of Lin's Bank listing is almost zero, and this is a private bank.
Andy is mainly responsible for this. Fox E-Round A was done by Zhang Weihao himself, and Lin's Bank was introduced into the B round. As for the C round, many investment banks and major Internet giants are naturally watching. However, Zhang Weihao did not intend to talk about the second advertising movie before it was released. He planned to wait for the movie to be released and then revalued after the new version was updated. He would only talk to those people about the C round.
After the C round, the most important IPO process has arrived. Based on past experience, it must have cooperated with world-class investment banks of large securities companies. But this time, Zhang Weihao obviously planned to play by himself, and planned to list on Hong Kong Island, not on the US stock market.
Simply put, Zhang Weihao is very ambitious and plans to take this opportunity to make Lin's Bank show its strength in the IPO and become a very important emerging force in this industry.
Generally speaking, this is not something you can enter easily and easily if you want to enter this industry. You need a successful case that is high-quality enough to convince everyone. What other projects are more suitable than WeChat?
Andy also really understood why Zhang Weihao attached so much importance to this position because she had a special understanding of WeChat. She vaguely had some doubts that Lin's Bank might have other businesses that she could absolutely trust and handle.
Can you ask, what valuation do you plan to ask for?
If Andy, how much do you think is appropriate?
Unlike those outside, Andy knows the new version, has experienced the beta version, and even knows the subsequent related planning and development and promotion strategies. Therefore, the valuation given by Andy is relatively fair. She has participated in similar work on Wall Street before, and she is not a novice and has rich experience.
If it is the valuation after the movie is released, I think 120 billion is fair. In fact, many people can accept it now, but they may be dissatisfied with the proportion of shares we have transferred.
I am not short of money, so it is not a matter of money at all. I just don’t want to start a war with Penguin. However, if I really want to break up, I won’t be really afraid of them. As for people like Ali and Masayoshi Son, I’m really not interested.
Andy nodded. Since she didn't plan to enter the US stock market, American capital and those world-class investment banks didn't have to consider it. All that was left was domestic capital. Apart from the official ones, there were several major Internet giants. In fact, there was no problem without financing. Zhang Weihao was not short of money, but it was difficult to truly develop such a world-class revolutionary software by eating alone. This is a hidden rule of the industry.
If you really want to make an IPO later, how much valuation do you plan to do?I was curious and asked.
At least 500 billion Hong Kong dollars, don’t be surprised. Since I dare to give such a valuation, I naturally have the confidence to give such a valuation. Now WeChat is just a semi-finished product, and then it is the real finished product.
Andy understood it instantly. It turned out that the finished product had already taken shape in Zhang Weihao's mind. It was just because it was too terrifying and subversive. It was launched as soon as it came. It was easily punished by God and was not tolerated by the world. Therefore, it would take one step at a time like now, and slowly develop in a vulgar way, so that those competitors would always maintain a certain confidence, so that they would not be completely desperate and would just turn the table and stop playing.
That's what Zhang Weihao thought, especially those of the big and big Malays, including the forces and capital behind them, would really turn the tables off with a disagreement. Therefore, Zhang Weihao's C round C is not actually trying to raise funds, but to exchange shares with Penguin. His bottom line is to exchange 2 for 1, and two stocks for one. In that case, WeChat's actual valuation will be almost close to HK$210 billion.
He directly proposed this stock exchange plan, and Ma Benteng would agree only if he was stupid, so it must involve some bets. If he wins, he would change 2 to 1, and if he lost, he would change 3 to 1. Anyway, he would not suffer any loss regardless of winning or losing.
Of course it's okay. Thank you for giving me such a long preparation period. Everything is OK now. He got along very well with my adoptive parents, but he asked me to start a normal life earlier.
Zhang Weihao nodded and said: OK, anyway, there is no risk of leaking secrets on a private plane, so I will start directly.
Although the Magic City only had two hours to fly to Hong Kong Island, Zhang Weihao and the others did not intend to waste this time, so they started some of the main work arrangements before heading to Hong Kong Island, the most important of which was Andy's related work.
Chief Financial Officer is an inevitable product of the development of corporate governance structure to a new stage.
A governance structure without a CFO is not a perfect governance structure in the modern sense.
In the ever-changing market environment, as competition becomes increasingly fierce and enterprises are transforming to modernization and groupization, entrepreneurs are thinking more deeply: how to maximize the use of the enterprise's resources, information and financial control methods, so that shareholder value can continue to grow, organizational capabilities can be continuously optimized, and corporate risk governance can meet demand, so that the development of the enterprise is invincible.
All of this determines that the transformation of the financial management system is imminent in the current environment.
There is nothing that is not related to financial management, and financial management has become the core of enterprise management.
In an interview with domestic news organizations, the Chief Financial Officer of Kodak, the executive vice president of the United States, talked about the responsibilities of the Chief Financial Officer of the United States.
He believes that the CFO of the American company fully manages the company's financial and accounting affairs.
An important responsibility of a CFO is to convey the company's operating conditions and financial settlement reports to investors, so that investors can understand the actual operation of the company.
Therefore, CFO is also a sound tube for communication between companies and investors.
The Chief Financial Officer is responsible for finance, accounting, investment, financing, investment relations and legal affairs.
The company's financial department, accounting department, and information service department are all managed by the CFO.
In addition to being responsible for the public relations between the company and investors, CFOs must ensure that the company has enough cash during its development and enough office and production and operation space. They can borrow money through bank loans or raise money in the stock market.
In addition, the company's own investment affairs and complex legal affairs are also managed by the CFO.
Lin's Bank naturally had a CFO, but the bank did not have a strong financing department or relevant person in charge before, because there was no strong need in this regard.
But now it is different. After Zhang Weihao moved into Lin's Bank, Lin's Bank has invested in many major projects, among which the most successful and influential, and even more valuable and more development potential than the entire Lin's Bank. Therefore, everyone is watching the IPO of WeChat, which is a big thing that everyone cares about, and is more concerned about than letting Lin's Bank go public. After all, the probability of Lin's Bank listing is almost zero, and this is a private bank.
Andy is mainly responsible for this. Fox E-Round A was done by Zhang Weihao himself, and Lin's Bank was introduced into the B round. As for the C round, many investment banks and major Internet giants are naturally watching. However, Zhang Weihao did not intend to talk about the second advertising movie before it was released. He planned to wait for the movie to be released and then revalued after the new version was updated. He would only talk to those people about the C round.
After the C round, the most important IPO process has arrived. Based on past experience, it must have cooperated with world-class investment banks of large securities companies. But this time, Zhang Weihao obviously planned to play by himself, and planned to list on Hong Kong Island, not on the US stock market.
Simply put, Zhang Weihao is very ambitious and plans to take this opportunity to make Lin's Bank show its strength in the IPO and become a very important emerging force in this industry.
Generally speaking, this is not something you can enter easily and easily if you want to enter this industry. You need a successful case that is high-quality enough to convince everyone. What other projects are more suitable than WeChat?
Andy also really understood why Zhang Weihao attached so much importance to this position because she had a special understanding of WeChat. She vaguely had some doubts that Lin's Bank might have other businesses that she could absolutely trust and handle.
Can you ask, what valuation do you plan to ask for?
If Andy, how much do you think is appropriate?
Unlike those outside, Andy knows the new version, has experienced the beta version, and even knows the subsequent related planning and development and promotion strategies. Therefore, the valuation given by Andy is relatively fair. She has participated in similar work on Wall Street before, and she is not a novice and has rich experience.
If it is the valuation after the movie is released, I think 120 billion is fair. In fact, many people can accept it now, but they may be dissatisfied with the proportion of shares we have transferred.
I am not short of money, so it is not a matter of money at all. I just don’t want to start a war with Penguin. However, if I really want to break up, I won’t be really afraid of them. As for people like Ali and Masayoshi Son, I’m really not interested.
Andy nodded. Since she didn't plan to enter the US stock market, American capital and those world-class investment banks didn't have to consider it. All that was left was domestic capital. Apart from the official ones, there were several major Internet giants. In fact, there was no problem without financing. Zhang Weihao was not short of money, but it was difficult to truly develop such a world-class revolutionary software by eating alone. This is a hidden rule of the industry.
If you really want to make an IPO later, how much valuation do you plan to do?I was curious and asked.
At least 500 billion Hong Kong dollars, don’t be surprised. Since I dare to give such a valuation, I naturally have the confidence to give such a valuation. Now WeChat is just a semi-finished product, and then it is the real finished product.
Andy understood it instantly. It turned out that the finished product had already taken shape in Zhang Weihao's mind. It was just because it was too terrifying and subversive. It was launched as soon as it came. It was easily punished by God and was not tolerated by the world. Therefore, it would take one step at a time like now, and slowly develop in a vulgar way, so that those competitors would always maintain a certain confidence, so that they would not be completely desperate and would just turn the table and stop playing.
That's what Zhang Weihao thought, especially those of the big and big Malays, including the forces and capital behind them, would really turn the tables off with a disagreement. Therefore, Zhang Weihao's C round C is not actually trying to raise funds, but to exchange shares with Penguin. His bottom line is to exchange 2 for 1, and two stocks for one. In that case, WeChat's actual valuation will be almost close to HK$210 billion.
He directly proposed this stock exchange plan, and Ma Benteng would agree only if he was stupid, so it must involve some bets. If he wins, he would change 2 to 1, and if he lost, he would change 3 to 1. Anyway, he would not suffer any loss regardless of winning or losing.