"President Chen, Siwei and the SIG Asia Venture Fund can offer a valuation of 1.8 billion."
Zhang Jiancheng got straight to the point.
"President Zhang, don't be hasty. I suggest Siwei and SIG observe FoxTao's profit model, user growth, and conversion rates a bit longer. We can take our time discussing financing and valuation."
Chen Yansen said unhurriedly, leaning against the chain-link fence outside the volleyball court.
'Not hasty?'
Zhang Jiancheng laughed.
He had heard that Lotte was collecting data on FoxTao to build a valuation model. They had also commissioned the country's largest commercial data intermediary to conduct a comprehensive assessment of issues like business model sustainability and compliance risks.
If this dragged on any longer, Siwei probably wouldn't even get a piece of the pie.
That was why he had roped in SIG for a joint investment—to share the profits, bear the risks, and increase their bargaining chips.
