Tycoon: I Have an Unlimited Modifier novel Chapter 300

Chapter 300: Chapter 172: Set a Small Goal (Part 2)

Su Kai’s tone shifted. "But I hope to add a small clause. If Spicy King proceeds with a Series B funding round, Sequoia should have the right of first refusal for investment."

"That’s not a problem. I can agree to that on behalf of Chairman Qi."

Yuan Li didn’t mind a small right of first refusal.

It also showed that Su Kai and Sequoia were very optimistic about Spicy King.

"Then here’s to a successful partnership, and to Spicy King surpassing Haidilao soon!"

Su Kai smiled and extended his hand, voicing his expectations for Spicy King to Yuan Li.

"Haidilao?"

Yuan Li gave a faint smile. "It’s only a matter of time."

From the very beginning, Yuan Li had never considered Haidilao a true competitor.

’In terms of revenue per square meter, how could Haidilao possibly compare to Spicy King?’

"Haha, I admire your sharp attitude. President He and I are definitely going to make a fortune on this investment."

Su Kai was taken aback for a moment. He hadn’t expected Yuan Li to be so audacious.

It had to be said, Yuan Li’s audacity was indeed backed by substance.

He thought of the 20 Spicy King locations in the Southwest Region that were about to open.

This would be an excellent opportunity to test Spicy King’s true mettle.

Even if their revenue was only one-fifth of the Taikoo Li flagship store’s and their monthly net profit could stay at one million, Su Kai was confident he could persuade President Shen, the head of Sequoia China.

He would convince him to give Spicy King a 5 billion US dollar valuation, completely beating back any other competitors.

A mere 2% stake was naturally not enough to satisfy a top-tier venture capital firm like Sequoia.

As the two venture capital firms signed the share purchase agreements one after another, Spicy King shot to fame overnight, becoming the new darling of the restaurant industry.

At the same time, with 30 million US dollars from Black Ant Capital, Spicy King now had the backing for another wild surge of expansion.

The Banyan Tree Group officially announced that all properties under its Banyan Tree Hotels and Resorts banner, with the exception of the core Banyan Tree brand, would host Spicy King branches.

Although there weren’t many hotels in the Banyan Tree Series in China, it was undoubtedly a huge boost for the newly established Spicy King.

Many of the venture capitalists who had been hesitating and watching from the sidelines could no longer sit still.

They started contacting Yuan Li one after another, wanting to get on board early.

But as far as Yuan Li was concerned, Spicy King wasn’t short on cash at all right now.

The most urgent task was still site selection and renovation, to get the other branches open as soon as possible.

’Time to use our outstanding performance to shock the hell out of these hesitant VC dogs.’

...

While Yuan Li was working hard and rushing about for her grand ambitions, Qi Sheng was leisurely taking the three little ones to Sanya.

The road trip was quite pleasant.

Along the way, they ran into quite a few fellow road-trippers.

The multi-million-yuan Cullinan still left many people stunned.

Especially when they stopped at service areas, the car would often be surrounded by a crowd of people taking pictures.

"Wow, Big Brother, the ocean is so beautiful!"

After parking the car on the ferry, Qi Sheng and the three little ones got out.

The fatigue from the journey dissipated as the slightly salty sea breeze washed over their faces.

"I’ll buy a yacht someday, and then our whole big family can go out on the ocean."

Qi Sheng looked at the somewhat grimy ferry; it definitely couldn’t compare to the luxury yachts you’d find online.

When they reached the dock, Qi Sheng drove the car off the ferry.

With the three little ones in tow, he headed straight for the Banyan Tree Hotel in Sanya.

Among all the Banyan Tree hotels in China, the one in Sanya was probably second only to the one in Shanghai, highly esteemed by many Banyan Tree fans.

The Banyan Tree in Lovers’ Bay, at the foot of Lu Huitou Mountain, was the first all-pool-villa resort in China.

Upon seeing Qi Sheng’s Cullinan, a hotel doorman sprinted over as if running a 100-meter dash.

He eagerly pulled open the car door for them.

"Welcome, boss."

Qi Sheng was in a good mood and smiled at the doorman.

"Boss, I’ve already notified President Ni for you. Please wait just a moment."

The doorman, seeing Qi Sheng’s smile, immediately and excitedly reported.

"Mm, no rush."

Qi Sheng knew that this bunch of hotel general managers were all eager to score points with him.

While waiting for President Ni to arrive, Qi Sheng and the three little ones looked around the hotel with great interest.

The 49 pool villas, adjacent to a tropical lagoon, were nestled within 130,000 square meters of tropical gardens.

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