Penguin's investment in Ruixiang Group was not kept secret for a few days, and it suddenly spread in the industry, with reporters constantly calling the company to inquire.
Zhang Yida asked everyone to agree on the same tone. He has no comment for the time being and will wait until the Series C financing conference is launched on December 1 to make an official announcement.
Now it’s real! Many people are speculating how much Penguin invested and what Ruixiang’s valuation is.
It is said that Penguin invested US$1 billion and Ruixiang was valued at US$6 billion.
It is also said that Penguin invested US$3 billion, controlling 51% of the shares.
There are different opinions. Some say it is just a financial investment, while others say it was sold out and controlled.
One thing they have in common is that the valuation is said to be no less than US$6 billion.
Just kidding, the last round of Ruixiang was valued at US$3 billion. In the past six months or so, the mobile payment business has been launched, Han Tai Fund has invested in Hantai Fund, and lending products have been launched...
The valuation has definitely doubled!
Huang Xin, Chen Wei, and Zhang Ming were all curious and called to ask about Zhang Yida.
Huang Xin asked a little sourly on the phone:
"Yida, yes! How much did you raise in Series C?"
"Hey, 10 digits!"
Zhang Yida sold it out.
"U.S. dollar? 1 billion?"
Huang Xin was shocked, this was a bit beyond his expectation.
"It's $2 billion!"
There is nothing that cannot be said. It will be officially announced at the financing conference in a few days, so Zhang Yida told Huang Xin in advance to appear to have a closer relationship.
"Here I go! The post-money valuation exceeds 10 billion U.S. dollars, right?"
Huang Xin had mixed feelings in his heart. In the last round of financing, both Ruixiang and Magnesium Group were valued at US$3 billion. Now Ruixiang is ahead of Magnesium Group.
"Well! We just crossed the 10 billion threshold! We still have to work harder! Look at Penguin, Ahri and the others. They all have more than 200 billion US dollars!"
Zhang Yida admitted it openly, and then modestly said that he still had to be on par with the giants.
"Have you reached an agreement on the US$700 million in Series D?" Zhang Yida turned around and started asking Huang Xin again.
Huang Xin also said generously:
"We have reached an agreement to sell 10% of the shares, with a post-money valuation of US$7 billion. Due diligence is being done."
"The development pace of Magnesium Group is not slow! When did you acquire Dianping?"
Zhang Yida first praised and then made a joke about Huang Xin.
"Ha! Compared to Ruixiang's furious advance, we are still a bit slow. We need to speed up next!
I quite like the review, and it’s quite complementary to us, but I just can’t afford it.”
Huang Xinting likes to chat with Zhang Yida, without putting on any airs or showing off too much.
“I also think you and Dianping are quite complementary. Dianping’s large amount of high-quality review content complements Meituan’s group buying and takeout business.
After you acquire Dianping, you can integrate all services and review systems in the consumption scenario before, during and after consumption.
Use reviews to identify merchants before consumption, use group purchases or takeout orders during consumption, and continue to use reviews to evaluate merchants truthfully and objectively after consumption.
Ultimately guiding subsequent consumers’ consumption behavior, this is a closed loop of consumption services.
Moreover, Dianping has a large share of the group buying market. By merging them, Magnesium Group will become a well-deserved overlord, achieving a 1+12 effect.”
Zhang Yida decided to show Huang Xin a clear path to merge with Dianping.
In the last life, next year, in October 2015, the two parties officially merged into the "New Magnesium" Group.
After listening to Zhang Yida's analysis, Huang Xin was a little tempted, but considering the actual situation, he smiled bitterly and said:
"Dianping is from the Penguin family, and we are from the Ahri family. It would be very difficult to merge."
"Hei Shi's opinion is also very important. He has shares in both of you. You should talk to Shen Beipeng!"
Zhang Yida thought for a while and then said:
"If you have financial difficulties, Ruixiang can make an investment."
Huang Xin came to his senses and asked me why you were so kind to give advice to Magnesium Group. It turned out that you wanted to take a stake in the merger.
He does not reject Ruixiang Investment. Anyone can take money as long as it does not affect their control and voice.
"Okay! I'll think about it." Huang Xin hung up the phone and began to think about Zhang Yida's suggestion.
Zhang Yida hung up the phone and smiled slightly.
Making Magnesium Group an important partner of Ruixiang is also a part of Ruixiang's financial strategy.
In addition to investment, you can also exchange shares with Magnesium Group in the future, become a financial supplier of Magnesium Group, and enjoy the huge traffic of this national-level application.
Moreover, Ahri will also clear out its shares in Magnesium Tuan next year, completely turning against Magnesium Tuan. It would be good to have a partner to share Ahri’s firepower.
Chen Wei called to congratulate:
"Brother Yida, congratulations! We will be our own family from now on, and we must strengthen our cooperation!"
Penguin is an important shareholder of Didi, and now Ruixiang has become a member of the Penguin family, so Chen Wei said this.
As far as company relations are concerned, the current relationship between Ruixiang and Didi is far better than that of Magnesium Tuan.
On Didi's side, Mobao Pay and WeChat Pay have always been Didi's payment partners. Penguin did not force Didi to remove Mobao Pay from its shelves, and only retained WeChat Pay.
It was different at Magnesium Tuan. Alipay was very forceful and asked Huang Xin to remove Mobao Pay. Huang Xin couldn't withstand the pressure from Ali, so he did the same, and even called Zhang Yida to say sorry.
So, this may be a small reason why Zhang Yida turned to Penguin! The Ahri type is too strong, and his arms are very long.
I chatted with Chen Wei for a while and told him that Ruixiang had raised US$2 billion this time.
After hearing this, Chen Wei drooled with envy and said:
"Didi is also very short of money now! Do you want to invest in it?"
"Haha, there is a lack of sharp direction! This is all ammunition to prepare for next year's mobile payment war."
The current valuation of Didi is similar to that of Magnesium Group, with valuations of US$6 to 7 billion. Let Ruixiang invest US$6.7 billion in it, and the mobile payment war next year will have to be watched from the sidelines.
Although investment is not allowed, some share exchange cooperation can be carried out in the future, Zhang Yida said:
"How are you guys talking with Kuai De? Are Kuai Dei merging?"
Chen Wei smiled and said: "How can it be that easy? We are still talking."
Zhang Yida remembers that the two parties announced their merger in early February next year, which is only two months away.
The rise of Didi is already unstoppable, and it will then merge with Uber.
“Have you ever thought about providing loans to drivers and passengers? Open a port for Ruixiang on the Didi APP to strengthen cooperation in the financial field.
Didi can also gain an additional income and increase its revenue, which will help increase the valuation of your subsequent financing."
Zhang Yida began to instill in Chen Wei ways and means to realize financial flows.
"What a great idea! Now we have been burning money, the income cannot be increased, and investors are already complaining..."
Chen Wei began to complain.
Zhang Yida thought to himself, how fierce you are! You can burn tens of millions a day without blinking an eye.
After a small chat, Zhang Yida and Chen Wei reached an intention to cooperate in the financial field.
However, the cooperation time has to be postponed a little longer, and cooperation can only be considered after the travel campaign is over.
Now I am busy fighting with Kuaidi and I dare not launch financial services for fear of affecting the user experience.
Zhang Ming had never received financing from a giant, so his words were not so nice, saying:
“Yida, why are you thinking about getting Penguin’s financing? There are so many domestic and foreign capitals, Ruixiang won’t worry about financing!
After taking Penguin's money, what if they exert influence on you in the future?"
Zhang Yida smiled, Zhang Ming looked gentle and gentle, but he was actually a very far-sighted person.
In later generations, the three businesses of BAT competed one by one, including e-commerce, social networking, and content search.
After hitting a lot of walls, I finally picked the soft persimmon and pursued it fiercely.
Zhang Yida said:
"It's not that serious. We are AB shares, Penguin holds A shares, and we don't have much voting rights.
Now is the time to fight against the Ahri faction, we must learn to compromise!"
After hearing this, Zhang Ming also understood that they were not stupid, and everyone had their own plans.
"How is Toutiao's advertising monetization now? Are you considering adding a financial business?"
Zhang Yida is planning to cooperate with Toutiao to tap traffic.
"Financial business? Are you talking about cooperating with you to do some financial advertising?" Zhang Ming asked.
"Yes, that's what it means. What do you think?"
Zhang Yida considered that Toutiao has always focused on technology and content and is not particularly familiar with the financial field, so there is a lot of room for complementarity with Ruixiang.
"No problem! Come over when you are free to discuss cooperation." Zhang Ming thought about it briefly and then agreed.
After hanging up the phone, Zhang Yida was very happy. Toutiao has the largest traffic among the three small giants. After the cooperation, Ruixiang can also get some traffic.
In addition, Penguin will also launch WeChat and QQ first-level entrances. If this wave of traffic is absorbed, Ruixiang will also have the opportunity to become a national-level application.
However, it’s not enough to just bring in traffic. There must be ways to divert traffic and retain users.
Looking at all Ruixiang's businesses, mobile payment is the one with the greatest potential and the most users in the future.
With the support of mobile payment, users will open the APP every day.
Mobile payment serves as the traffic entrance, and other financial management, loans, funds, and insurance businesses can drive it.
When it comes to social networking, the first thing people think of is Penguin. When it comes to e-commerce, the first thing people think of is Ali.
Zhang Yida wants people to think of Ruixiang first when they think of finance.
To achieve this goal and become a national-level application, mobile payment market share is essential.
In addition, Ruixiang’s financial business layout must also be comprehensive.
At present, Ruixiang still lacks several key licenses such as securities, banking, insurance, and trust.
Securities licenses, insurance licenses, and trust licenses are rare licenses that can only be obtained through acquisition.
Moreover, acquisition opportunities are still hard to come by, so we can only wait.
As for banks, there are thousands of banks across the country, including rural banks, rural commercial banks, and city commercial banks. Their value is not high; the strength of joint-stock banks does not allow it.
What Zhang Yida wants most is to obtain a private bank license. WeBank will be approved for establishment next month, and MYBank will also be established next year.
"Xinwang Bank!" Zhang Yida slapped his thigh and thought of this bank.
Will Boss Liu give me a chance to invest in the company for the sake of being from the same hometown?
The key is not knowing the person! Zhang Yida thought, he must find a way to get in touch with the person first.