How should I put it? This is an irreversible process. As the company develops and capital increases, no one has the energy to control every business."

"And I'm a lazy person. I can lie down and never sit down...right?"

Lin Feng: "..."

She couldn't help but said: "I thought the hardships you have endured in the past two years can exceed the limit of what I can imagine!"

"..."

Fang Nian thought for a while and said, "If you have such leisure, you might as well care about Xiaoyu. She is really working hard."

"No, no, Auntie, don't listen to Fang Nian's nonsense. What we do is just labor at best, not as hard as the previous year." Lu Weiyu said quickly.

"..."

Later, Guan Qiuhe walked in.

Seeing that everyone except Ms. Lin Feng was sitting in a row, he didn't say much and went to the kitchen in a familiar way.

Afterwards, Fang Nian, whose mouth was full of oil after eating, expressed his truest appreciation: "Well, it tastes really good."

"..."

…………

The next day, Monday, the rain stopped and the clouds opened in Shanghai after the continuous rain. The weather turned better, the sun was shining brightly outside, there was sufficient sunshine, and the temperature rose rapidly.

Lu Weiyu and Fang Nian went to Fudan first.

After Fang Nian finished his first class, we went to the administration building to meet Yang Yuliang.

I also met a well-known professor from the philosophy department.

Just had a brief chat.

In the end, Professor Wang nodded and agreed that Lu Weiyu would temporarily join his graduate student group as an auditor.

The difference is that you will enter part-time postgraduate study in the second half of the year.

It’s not just about applying for a master’s degree with equivalent academic qualifications.

I went to school and got a diploma after all.

And classmate Fang Nian also said sincerely and without politeness that he also wanted to be admitted to graduate school.

Principal Yang Yuliang stretched out his hand and pointed in the air: "It's very difficult for you to secure a graduate degree. You can't even get a scholarship. Considering your good academic performance, you just need to pass CET-6."

Professor Wang is very willing to teach Fang Nian.

In the previous few minutes of communication, he greatly appreciated Fang Nian’s broad and deep involvement in the field of philosophy.

I also learned about the past achievements of classmates from other years.

In fact, I am still confused as to why the principal would personally stop the next year’s students from applying for the National Award.

But thinking about it, I know it has something to do with the identity of classmate Fang Nian.

Looking at this, you can tell that he is not a simple person, he is vaguely on an equal footing with the principal...

After settling the matter of Lu Weiyu's master's degree audit, classmate Fang Nian was very excited.

"I have several classes with Professor Wang. Why don't you, Senior Sister Lu, try to gain the identity of a teacher?"

Lu Weiyu rolled her eyes charmingly: "Don't even think about it!"

"Tsk..."

"..."

Fang Young smacked his lips, and Lu Weiyu's pretty face couldn't help but blush.

"..."

Later, Fang Nian finished his morning class and walked with Lu Weiyu on campus.

Lu Weiyu took out a document from her carry-on bag and handed it to Fang Nian: "It just saves you from running away. This is my plan after analysis. Take a look."

"..."

Fang Nian read it quickly: "Go to Yangcheng first to establish Zhu Yan Software Laboratory?"

Lu Weiyu explained methodically: "The initial cost of the software laboratory is not too high. With Yangcheng as the center, it is easy to attract high-quality professional talents around and it will be able to operate normally soon."

"Just pay attention to the low-key nature of the laboratory, so it won't waste too much time. I will personally lead a team there, and it should be done in three days. It can be put into use within this month."

Hearing this, Fang Nian thought for a moment and finally nodded: "No problem, slightly increase the size and invest 100 million in the first phase."

"Okay, then I will fly over with the team the day after tomorrow. I will be back on Friday afternoon." Lu Weiyu nodded.

He left Fudan not long after.

…………

…………

At 3:30 in the afternoon, Fang Nian arrived at the Four Seasons Hotel almost immediately.

There were some new faces at this financing meeting.

There are still many people interested in Xiaomi.

In addition to the people at yesterday's shareholders' meeting, there were also many representatives from other investment institutions.

There are Hopu, Goldman Sachs, All-Star, Baocheng, etc.

Some representatives are familiar faces to Fang Nian, and some are not.

For example, Huang Yi, a representative of Goldman Sachs.

There is also the managing partner of GGV’s China office, Li Wei, a female executive.

This is someone with a higher position in Ji Yuan than Dai Qiang.

Huang Yi greeted Fang Nian proactively and enthusiastically, and said hello to Fang Nian on behalf of Ms. Li Songci.

It is inevitable that Mr. Fang will become the focus due to his popularity and reputation in the investment circle.

Not long after, Lei Jun chaired the meeting: "Welcome to Xiaomi's Series B Investment Conference."

"..."

First, he briefly introduced Xiaomi’s achievements and expressed Xiaomi’s demands.

Then there are questions and answers on various financing assessments.

The whole process of Fang Nian basically involves observing the eyes, nose and heart.

Financing will go smoothly.

Because Lei Jun did not push the valuation too high, it was based on the US$2 billion originally mentioned.

The proportion of shares held by Fang Nian and Frontier Angel has not changed, nor has it been diluted, and no additional investment is required.

The entire B round included Goldman Sachs, Hopu, Baocheng and another capital called CCDD. Two capitals signed a share holding agreement with Lei Jun.

Among them, Frontier Angel and Fang Nian did not participate in Series B investment.

In addition, Morningside did not participate in Series B investment...

…………

March 7, 2011, afternoon.

Xiaomi made a resolution of the board of directors and shareholders meeting, agreeing to issue 40 million Series B preferred shares to Series B investors, including 35 million shares of Series B-1 preferred shares, with an issuance price of US$4 per share.

and 5 million shares of Series B-2 preferred stock, with an issuance price of US$5 per share.

The total financing amount received by Xiaomi in this round is US$165 million.

After adjustments, Xiaomi’s valuation after the completion of this round of financing is US$2.6 billion.

On the same day, Xiaomi signed the "Series B Preferred Stock Subscription Agreement" with Series B investors such as Smart Mobile Holdings Limited., Qiming, IDG, Sequoia, GGV, Goldman Sachs, CCDD, and Hopu.

On the same day, Xiaomi completed the registration of changes to the shareholder list for Smart Mobile Holdings Limited.'s subscription to the company's B-1 round of preferred shares.

At the same time, Xiaomi will register changes to the shareholder list on the next day for Goldman Sachs, Hopu and others to subscribe to the company's B-2 round of preferred shares.

It should be noted that all the interests in Smart Mobile Holdings Limited are held by a trust fund with Mr. Lei Jun and his family as beneficiaries.

In comparison, Xiaomi’s Series B financing is a little more complicated.

To be more precise, Lei Jun's methods of capital operation are more complicated.

It's been a long circle.

The reason why the shares of Fang Nian and Frontier Angel have not been diluted.

Because the period Fang Nian enters is the angel wheel.

According to some previous agreements, the angel round is directly awarded in proportion to the shares.

During the Series A financing, Xiaomi conducted a stock split, splitting the original 50,000 shares into 500 million shares. The shares held by Frontier Angels were diluted in equal proportions according to corresponding rules.

However, the 5% held by Fang Nian was exchanged for 25 million shares in equal proportion.
To be continued...