There was a long silence on the phone. Ren Hong must have known the truth about wealth. XlouS is obviously a piece of fat now, a big fat meat. It is hard to believe that no one is not moved.

The commercial prospects of this app are self-evident.

"The school will respect your personal choices, do it well, remember to keep your feet on the ground, and never be impatient with impetuousness," Director Yu said solemnly.

"I will remember it! Thank you Director for your concern." Ren Hong responded sincerely.

"Haha. Say hello to you first. IDG Technology Venture Capital Fund has obtained your company address from the school and should be rushing to you at the moment." Director Yu on the phone said with a smile.

"I understand, thank you Director Yu." Ren Hong responded.

In the academic affairs office of the department, Director Yu hung up the phone and muttered to himself: "It seems to be going lively recently." He chuckled and devoted himself to his work.

Ren Hong returned to the classroom to continue to arrange work. When Zhou Hui saw Ren Hong come back, he immediately said: "Boss, the official website traffic is rising rapidly, and we need more servers to relieve the pressure."

"Well! I know, then I'll be planning to rent a few more servers. After this period of time, I believe we will be able to buy servers soon." Ren Hong thought for a while, then looked at Chen Kai: "The relevant patents must be done well, and this matter cannot be careless."

"Don't worry." Chen Kai said as he patted his chest and said.

Ren Hong nodded. Everything in the company is running smoothly at present. However, a few minutes later, classroom 317 welcomed guests for the first time.

Two formally dressed men and women came here.

"May I ask! Is this the company office address of XlouS?" The man among them knocked on the door and said outside.

"Yes, that's right." Ren Hong put down the work at hand and stood up to greet him. He looked back at Zhang Han and others: "You can just work." After that, he walked to the door of the classroom and looked at the man and the woman, judging that these two people were the IDG investment fund.

Sure enough, the man among them smiled and said, "Hello! We are the head of IDG Technology Venture Capital Fund Northeast Asia. My name is Li Taosheng. May I ask the person in charge of XlouS company..."

"I am the founder of XlouS, Ren Hong." Ren Hong said. He is no stranger to IDG Technology Venture Capital Fund. This venture capital institution, founded in 1992, is one of the first international investment institutions to enter China. As of now, IDG Venture Capital has invested in more than 300 outstanding companies in China.

Famous Internet companies such as Baidu, Sohu, Tencent, Ctrip, Qihoo 360 and other companies have invested in it. More than 70 invested companies have successfully listed or acquired them.

IDG Capital's investment targets emerging industries in China, including the Internet, mobile Internet, software, new media, consumer goods and services, medical and health care, clean energy and other fields.

This time, I obviously saw XlouS.

When Li Taosheng heard the other party's answer, he was happy, "Good luck! Mr. Ren is indeed young and promising, and has designed such excellent software before he graduated." After some bragging, Li Taosheng revealed his origin: "Mr. Ren has guessed our purpose. After learning about it, IDG Investment Fund is very optimistic about your company's products. Seeing that Mr. Ren is a college student, there must be a shortage of funds. IDG Venture Capital hopes to invest in your company. I don't know what Mr. Ren wants to give?"

Ren Hong was silent for a moment when he heard this. Looking at the other party, there was no excitement when the so-called investment institution came with the money. Although he was a 19-year-old sophomore, he was like a calm middle-aged man. He said calmly: "The company is indeed facing the funds needed for expansion. I wonder how you invest in us?"

Li Taosheng was a little surprised by Ren Hong's performance. When he heard the other party's answer, he immediately looked at him with a smile and said tentatively: "IDG is preparing to raise 60 million US dollars in your company, accounting for 49% of the shares. IDG valued XlouS with a valuation of US$120 million, so..."

Li Taosheng was talking smoothly, Ren Hong listened calmly, and when he heard that he wanted nearly half of XlouS's shares when he heard that he wanted 60 million yuan, Ren Hong turned around on the spot.

Bang!

With a shock, the door was closed tightly. Li Taosheng was stunned. His assistant was at a loss. He could only hear a slight and cold voice from inside: "XlouS does not have any plans to raise funds at the moment! Please come back."

Li Taosheng reacted, knocked on the door immediately, and said anxiously: "Mr. Ren! If you think it is inappropriate, everything can be discussed! Mr. Ren! Mr. Ren!"

"What's going on?" Zhang Han looked at Ren Hong and returned to his desk with an angry look.

"The venture capitalist." Ren Hong said unhappily: "Mal's 60 million yuan is like asking me for 49% of the original stock. Do you really think I'm a coder with code full of your mind? The more I think about it, the more annoying he is."

In Ren Hong's mind, XlouS is priceless. Launching instant online translation is only his first step, and it is this first step. XlouS can be among the top ten Chinese Internet companies with this product, which is his most conservative valuation.

"120 million! US dollars! Astronomical figures! Haha!" Ren Hong laughed as he thought.

"I said Ren Hong. After all, the other party is a venture capital company. Our company cannot move forward like this quickly. It requires funding promotion anyway, although we all know the value of instant online translation." Chen Kai glanced at the door that was still knocking at the door and said.

Ren Hong looked at several roommates, and he stretched out a finger, and his voice was very loud, but he was not afraid of outsiders hearing it, "First, now venture capital is coming to us, not we go to them to attract investment." He stretched out his second finger, "Second, XlouS's first product has no competitors in the market, I can say with pride that in the next ten to fifteen years, only XlouS will be the only one in this technology." Everyone looked at him stretched out his third finger, "Third, I have not considered venture capital since the company was founded." He stretched out his fourth finger, "Fourth, someone will give us a lot of US dollars and help us promote it at the same time." Finally, he said: "XlouS is a great high-tech company, and not only insulted my IQ, but also tarnished XlouS and instant online translation, and I can't stand it."

The five roommates looked at Ren Hong in a daze, at a loss.

"He is so domineering, I almost fainted." Zhang Han looked at Ren Hong with an intoxicated look on his face.

"Damn it, don't do this. If you keep going like this, you will be gay if you don't become a fake girl!" Zhou Hui looked at him with disgust.

"By the way, you said someone would help us with promotion and would give us money. What does this mean?" Chen Kai said curiously, and this sentence also made others curious.

Ren Hong smiled slightly and said, "Our thinking is different from that of foreigners. Foreigners' thinking is that a product must first consider its competitiveness and competitors. But we are not, XlouS is not, why do we need competitors when making products? If there are competitors, it is ourselves, our company's innovation ability!"

(To be continued...)
Chapter completed!