Chapter 108: Twin Dragons of the Double Plates

One billion dollars in valuation, even if Li Bing were sold, NIO wouldn't be worth that much.

In reality, he had only invested twenty million dollars, and then utilized an AB-share structure.

Simply put, investors provide the funds, Li Bing starts the business, but one of his shares counts as five, ensuring control.

A one hundred million dollar financing round is essentially about selling the remaining 80% of the shares after accounting for his own 20%.

If Lu Liang took over the entire twenty million dollars deficit, he could own 20% of NIO.

But whether he could cash out remained uncertain, as the pit was too deep, with indefinite prospects and a high likelihood of failure.

Otherwise entities like Tencent, JD, and Gaoling, which could afford the shares, had only tentatively invested one to two million dollars.

And it still took Li Bing's reputation to get them to invest that one or two million dollars.

After all, as the founder of Yiche, he had a successful track record.