Yi Anguo's enterprises under his name are increasing, and the companies and projects he invests in are also growing. To maintain rapid development, financial pressure is also mounting.

Although he is wealthy with substantial assets under his name, most of his funds are invested in US stocks, Hong Kong stocks, and the domestic stock market.

If he were to sell some stocks, there would naturally be funds available, but the problem is that Yi Anguo doesn't want to sell the stocks he holds now.

For instance, Penguin Holdings in Hong Kong stocks, Guojiu shares in the domestic stock market, as well as Apple and Amazon in US stocks. These are stocks that will increase dozens of times in the future and continue to pay dividends annually.

Selling them now would be a bit too regrettable.

Although he still has some cash flow, there are many worthwhile projects waiting for him to invest in, especially next year.

Now, Yi Anguo can truly understand that the wealthier one is, the more worries they have about lacking money.

The Microelectronics Group under his name, the team researching lithography machine technology, seems like a voracious gold-swallowing beast, like a bottomless pit that can never be filled.

A billion US dollars have been spent on research and development in a year, and although significant technological breakthroughs have been made, there's still a long way to go before success.

To succeed, more and more research and development funds need to be invested. Money must be continually poured in.

That's how technology research and development is; besides pouring in money, there's no other way.

But you can't do without such sophisticated cutting-edge technology, and you can't rely on foreign countries either. Because others impose technological blockades on you.

You can't buy it even if you have the money, and even if you can, it's already outdated technology.

Moreover, even if someone is willing to sell it to you now, they can stop at any time, and you would have no way around it.

So the only option is to develop it yourself. Holding the technology in your own hands is the safest, even if it means investing a ton of money.

After much consideration, Yi Anguo plans to launch partial enterprise financing.

Currently, Anjing Online Supermarket seems suitable for financing, but before financing, it needs to be stripped away. It's a bit too cumbersome to strip it after financing.

The first to be stripped should be heavy assets, such as the physical stores of Anjing Online Supermarket's offline supermarkets.

Because most of the physical stores, including logistics transshipment stations and storage centers under Anjing Online Supermarket, were bought directly, some were even self-built.

Moreover, the offline supermarket physical stores of Anjing Online Supermarket are profitable quality assets, and the property value will appreciate in the future, so they definitely need to be stripped away.

In a nutshell, whatever needs stripping before financing has to be stripped out, like Anjing Logistics and Anjing Takeout, which also need to be stripped out, even if they're to be financed, stripping comes first.

Internet companies ultimately need to go down the road of financing and listing. If you never finance or list, your people lose motivation, forcing you to go public.

Only after the company goes public can the veterans gain greater benefits and see their net worth soar.

For instance, when Alibaba and Penguin went public, many millionaires and even multimillionaires were born.

The company's executives, including some mid- and low-level managers, have stock incentives. Although the percentage isn't much, once the company successfully lists, with a market value in billions, or even tens of billions, then even a 0.1% or even 0.01% stake means hundreds of thousands or even millions in net worth.

Therefore, when everyone heard that the company was planning to finance and prepare for listing, there was a rush of excitement and vigor at work.

Yi Anguo gathered the senior management of Anjing Online Supermarket and announced the financing plan, preparing to sell off ten percent of the company shares, raising two billion US dollars.

"Chairman! Isn't our company's valuation of 20 billion US dollars too high? If we can't attract investment, wouldn't that be too embarrassing?" Yi Haiyang asked with some concern.

"The key is that the company's heavy assets and many departments have been stripped away, leaving only the online supermarket business."

"Do you think a 20 billion dollar valuation is high?" Yi Anguo said calmly.

"This is just for now; in a few years, when the era of mobile Internet arrives, and the company lists, a market capitalization of several hundred billion dollars isn't impossible."

"If truly no one is willing to invest or accept a 20 billion dollar valuation, it doesn't matter. I'm not desperate for financing; I just want to give it a try."

"Penguin's market value is about 40 billion dollars now. Is our 20 billion dollar valuation that excessive?"

Yi Haiyang was a bit speechless. Although Anjing Online Supermarket developed rapidly, he never thought it could compare to Penguin.

After all, Anjing Online Supermarket has only been established a few years, and Yi Haiyang believes a 20 billion dollar valuation is too high, too over-the-top, who would be foolish enough to accept and want to invest in it.

Even if the heavy assets and the offline supermarkets had not been stripped away. Including Anjing Logistics and Anjing Takeout, it wasn't worth 20 billion dollars.

For another online shopping company, Alibaba's market value was only over 10 billion dollars.

By no means does the 20 billion dollar valuation for Anjing Online Supermarket make sense, suggesting that Yi Anguo really has no intention of financing.

From the beginning, Yi Haiyang has been responsible for the operation and management of Anjing Online Supermarket. Although Yi Anguo invested a lot of money in Anjing Online Supermarket, its development was indeed very rapid.

But the total invested capital was only over ten billion dollars, at most not exceeding twenty billion dollars.

However, a large portion of the funds was used for building logistics and the offline supermarket physical stores.

Many offline supermarket shop properties and warehousing center properties were bought directly, and logistics company transport vehicles were included. Most investments mainly spent in these areas.

The problem is these heavy assets have already been stripped out; the real investment in Anjing Online Supermarket is at most only a few billion dollars.

The investment cost of a few billion dollars and a 20 billion dollar valuation is too exaggerated.

Actually, Yi Haiyang fell into a misunderstanding. Internet companies are not physical companies; valuation cannot be measured by actual investment.

For example, the South African Media Group's total investment in a company was only 35 million dollars, in any case less than 40 million dollars, holding 46% shares.

Based on Penguin's current market value of 40 billion dollars, the shares of Penguin held by the South African Media Group are valued at nearly 20 billion dollars.

In just six or seven years, the South African Media Group's investment in Penguin has increased nearly 50 times, and the growth will continue strongly in the future.

In the same logic, Anjing Online Supermarket already exhibits scale now, and the future development prospects are definitely very promising.

Alibaba's apparent market value is only over 10 billion dollars, as Alibaba didn't go for an overall listing, just its B2C business, so a market value of over 10 billion dollars doesn't represent all of Alibaba's market value.

So saying the 20 billion dollar valuation for Anjing Online Supermarket is actually not excessive, at least Yi Anguo thinks so.

When Anjing Online Supermarket released the news of planning to finance, it attracted attention from many venture capital firms, many of which expressed great interest.

But when they learned that Anjing Online Supermarket's valuation was set at 20 billion dollars, many venture capital firms initially interested stepped back, expressing that the 20 billion dollar valuation was too high and not cost-effective.

Venture capital investments are typically high-risk, high-return projects, and although investing in Anjing Online Supermarket isn't high-risk, the return is quite limited!

Even if Anjing Online Supermarket could successfully go public with a market cap of thousands of billions, the investment return would only be fivefold.

Moreover, how many companies with a market value exceeding a thousand billion are there? If Anjing Online Supermarket lists and has a market value of only three to four hundred billion dollars or just 200 billion dollars, it wouldn't be that meaningful then.

If its market value doesn't even reach 200 billion dollars, wouldn't this investment result in a loss?

So when the 20 billion dollar valuation for Anjing Online Supermarket's financing was learned, naturally, no venture capital company would be willing to invest.

However, surprisingly, Yi Anguo received a call from Chen Ting.

"Are you short of money now? Having trouble with the cash flow?" Chen Ting asked over the phone.

"How could I be short of money? There's definitely no problem with my cash flow!" Yi Anguo laughed and said.

"Is there any need to be so stubborn in front of me? Just say you're short of money. If not, why would your Anjing Online Supermarket need financing?"

Chen Ting asked directly, believing that Yi Anguo was embarrassed to admit a cash flow issue in front of her.

She knew how wealthy he was, but also understood with so many investment projects, temporary cash flow issues were normal.

"Internet companies ultimately go down the road of financing and listing. I'm just preparing in advance, irrespective of whether I have money or face a cash flow issue; it's the direction to go." Yi Anguo explained.

"Oh, is that it? How about I represent Chen Enterprises and invest?" Chen Ting thought for a moment and said.

"Chen Enterprises has quite a bit of idle funds on hand right now, and I'm considering investing in something."

"Investing in my company is like transferring from my left hand to my right hand," Yi Anguo smiled wryly.

Instinctively, Yi Anguo felt resistant, not wanting Chen Ting to get involved.

"Business is business. You need an investor; why can't I invest in you? I believe in you and in Anjing Online Supermarket's future prospects." Chen Ting stated.

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