Moreover, companies in the low-alcohol beverage industry, like Ba Run Shares and Xianjin Health Company, were being given market valuations at a 30x multiple.
For example, Ba Run Shares, with 700 million in annual profit, was given a 21 billion valuation. Xianjin Health Company, with over 1 billion in annual profit, was given a 33 billion valuation.
'If Second-Life Star Soda succeeds, it should be no problem to generate several billion in profit within a year. The valuation won't be low, so I can easily raise a round of funding and issue dividends.'
'Combined with the profits from Second-Life Star's influencer marketing, I'll have a terrifying amount of capital at my disposal.'
'In 2019, to completely defeat Tiao Yin, Kuaishou held a Series F funding round at a 200 billion valuation. They ultimately raised 3 billion USD, with Yunfeng Fund, Temasek, and others acquiring a 20% stake.'
