Yi Anguo's insightful advice made Ma Huateng realize the severity of the problem with their penguin software. If the era of mobile internet arrives and everyone abandons the PC-version of the penguin to chat on smartphones, but then the mobile version of the penguin loses out to Mobile Fetion and other mobile chat apps in competition, it would be a fatal issue for the entire penguin company.

The reason why the penguin company is strong is primarily due to its chat software, which firmly holds a dominant position among all social chat software or instant messaging software domestically.

Although the penguin's social chat software is free and doesn't directly generate profit, it captures massive user traffic.

That traffic translates into huge economic benefits; they can earn advertising revenue and drive traffic to the penguin company's games. Without the vast traffic from the penguin chat software, their games would not achieve unprecedented success.

Whoever controls the mobile internet traffic in the future will have absolute dominance.

So, irrespective of the perspective, penguin's mobile social chat software must not lose in the market competition.

"After the Spring Festival, I will immediately mobilize several elite teams to develop a mobile social software which is more powerful and more popular than Mobile Fetion, and completely defeat it." Ma Huateng said very seriously.

"Good!" Yi Anguo nodded.

"I believe that as long as you take it seriously, you can definitely do better!"

"As for Starwave Weibo, you needn't worry about it. As long as you diligently develop your mobile internet social chat software, Starwave Weibo will definitely not be your rival, nor will it pose any threat to you."

Yi Anguo had actually considered establishing a company to create VChat.

But considering he was already the largest shareholder of the penguin company, there really was no need to go through the extra steps.

"The reason I invited you out for this meal today is actually to discuss something with you." Ma Huateng hesitated before saying.

"Oh, what do you want to discuss with me?" Yi Anguo asked curiously.

"I've been thinking: Is the development speed of the Anjing Online Supermarket possibly a bit too slow? How about the penguin company invests another 3 billion US Dollars for a 15% stake, what do you think?" Ma Huateng asked.

"Didn't you always announce externally that you were seeking funding? And the valuation was set at 20 billion US Dollars."

Yi Anguo didn't expect that Ma Huateng would set his sights on the Anjing Online Supermarket.

"I don't oppose the penguin company increasing its investment in the Anjing Online Supermarket, but a 3 billion US Dollar investment for a 15% stake seems a bit inappropriate, doesn't it?"

"A company valued at 20 billion US Dollars, 3 billion for a 15% stake, isn't it just right?" Ma Huateng asked, somewhat puzzled.

"That was back then, but more than half a year has passed, and Anjing Online Supermarket has been expanding rapidly. How many places has it expanded to in the last half-year? You can't possibly calculate based on the valuation from over half a year ago?" Yi Anguo said with a smile.

"If you insist on investing, that 3 billion US Dollars would at most account for only 10%, coupled with the previous 20%, it'd be diluted to just 18%, with the penguin company holding a total of 28%."

"The valuation increased by 10 billion US Dollars in half a year. Isn't that growing a bit too fast?" Ma Huateng smiled wryly.

"Is that considered fast? Think about what the penguin company's market value was more than half a year ago? What's the value now? How much has it risen? Do you still think it's growing too fast?" Yi Anguo retorted.

From more than half a year ago to now, the penguin company's market value increased by over 100%, so by comparison, the valuation of Anjing Online Supermarket increased by only 50%, which is indeed not much, not excessive at all.

However, the market value of a listed company and the valuation of an unlisted company are obviously not the same!

After all, the market value of a listed company is determined by share price fluctuations, which are inherently unstable, worth a hundred billion US Dollars today, but if the share price crashes tomorrow, it might drop to less than 80 billion US Dollars.

"I also have no way to decide this; I can only convene a board meeting to discuss." Ma Huateng said helplessly.

"However, the South African company might not approve this investment project. Although Anjing Online Supermarket is not listed, Taobao has been listed, but its market value is not as high as you claim!"

"Although Taobao is listed, it only listed a portion, not as a whole, so it's not comparable." Yi Anguo shook his head.

"Moreover, both the Taobao company and the penguin company are light-asset models, while our Anjing Online Supermarket follows a heavy-asset route. Your penguin company's market value can exceed 40 billion US Dollars, is my Anjing Online Supermarket's 30 billion dollar valuation too high?"

"In any case, I don't think it's excessive, and I'm not in urgent need of investment. The Anguo Group is not short of money, our financial situation has always been quite relaxed."

Yi Anguo meant to convey that he wasn't short of funds; you can invest if you want to, but if not, it's no big deal, just that the 30 billion dollar valuation can't be lowered.

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