Huinongdai Pay introduced a third-party evaluation agency to evaluate the value of Huinongdai's existing business management system, risk control system and other types of software.
Based on various factors, including operating time, bad debt rate, coverage groups, number of people covered, etc., an evaluation price of 112 million was given for all intangible assets.
Director Liu and others were a little dumbfounded. The price was 12 million yuan more than the 100 million offered by Zhang Yida.
But it doesn't matter. The most important thing in public affairs is procedures and procedures. With this value assessment, it will be easier for Director Liu to explain when he returns.
It doesn't matter if the price is more expensive, as long as all illegal factors are eliminated.
Otherwise, the internal evaluation price of the foundation is tens of millions. If he, Old Liu, bought shares at a valuation of more than 100 million, and the news was returned to the foundation, others would not know how to speculate on him.
It is said that he received benefits and other benefits, which may affect his promotion. He is still young and feels that he still has a chance to climb up, so he does not dare to do risky things.
Director Liu came here this time without bringing the young man who attacked Zhang Yida last time.
What a joke, he has no discernment at all, it will only cause him trouble. He plans to change the department to the young man after a while and leave with gifts.
The temple is too small to accommodate the true God!
After receiving the appraisal price of Huinongdai's intangible assets of 112 million and tangible net assets of 10 million, totaling 122 million, Director Liu immediately reported it to his superiors and asked them to make a decision.
I don’t know whether it’s Zhang Yida’s impressive record in the past, or the Huinong loan project that gives the leader more face.
The Poverty Alleviation Foundation is very efficient in decision-making and gave an exact answer within a few days:
To invest, you must invest, and you are required to hold 20% of the shares.
Zhang Yida, Xu Xiaoming, Shen Beipeng, Ruixiang Group, Yimin Group, and the Poverty Alleviation Foundation signed a capital increase agreement.
Zhenke Fund invested 53.66 million, Black Shirt Capital invested 214.64 million, the Poverty Alleviation Foundation invested 224.4 million, Ruixiang Group invested 448.8 million, and Yimin Group invested 58.5 million, for a total of 1 billion yuan invested in Huinong Loan.
The shares are changed to:
Zhang Yida:9.79%
Zhenke Fund: 5%
Blackshirt Capital: 20%
Poverty Alleviation Foundation: 20%
Ruixiang Group:40%
Yimin Group:5.21%
The original share composition of Huinongdai was consistent with that of Yimin Financial Services Group:
Zhang Yida:72%
Option pool: 9%
Fan Hongyang:4.5%
Ding Siyao:4.5%
Blackshirt Capital: 8%
Zhenke Fund: 2%
The option pool was cleared by Zhang Yida. The shares of Fan Hongyang and Ding Siyao were worth 6.39 million, which were exchanged by Zhang Yida at equal value, and a part of the equity of Yimin Wealth and Yimin Financial Management was transferred to them.
Yimin Financial Services Group is currently short of funds and has only invested 58.5 million yuan, accounting for only 5.21% of the shares.
Zhang Yida directly holds 9.79% of Huinong Dai's shares, indirectly holds 16.8% of Huinong Dai's shares through Ruixiang Group, and indirectly holds 3.75% of Huinong Dai's shares through Yimin Group.
In total, it holds 30.34% of the shares.
In terms of control rights, Zhang Yida is equivalent to having 55% of the say in Huinong Dai because he has the say in Yimin Financial Services Group and Ruixiang Financial Technology Group.
After the capital increase was completed, Huinongdai received 1 billion yuan in cash at one time and owned the 10 provinces with the most poverty-stricken counties in China: Guangxi, Henan, NMG, Shanxi, Sichuan, Hebei, Shaanxi, Qianzhou, Southern Yunnan, and Ganzhou
.
Nine new provincial-level small loan companies were initiated and established, each with a registered paid-in capital of 100 million yuan. The original Ganzhou Huinong Small Loan Company increased its capital to 100 million yuan.
With sufficient development funds, Huinongdai began to recruit employees, set up offices in poor counties, and recruited local people as business personnel.
Export the valley county model to other provinces and cities.
The business investigation team entered poverty-stricken counties to conduct field visits on local characteristic industries, including planting, animal husbandry, handicrafts and other major rural industries, and formed a loan guidance report.
The business personnel will then conduct door-to-door field inspections, home visits, and conduct preliminary risk control reviews.
Borrowers who pass the preliminary review are submitted to Huinong Dai's Beijing headquarters, which conducts big data risk control verification and decides whether to grant the final loan.
…
At the same time, Huinongdai held a series A financing press conference and announced that it had received RMB 1 billion in financing led by Ruixiang Group, with participation from Blackshirt Capital, Poverty Alleviation Foundation, Zhenke Fund, and Yimin Group.
At the conference, Zhang Yida announced the one-time establishment of 10 provincial-level small loan companies in the central and western regions, once again shouted the slogan of "Ten billions in three years" and emphasized that Huinong Loan is an enterprise that "supports farmers to generate income and eliminate poverty"
Vision.
Many mainstream media and official media came to the press conference and launched a series of investigative reports on Huinong Dai.
"Miracle in Valley County, a good company for poverty alleviation and agriculture-Huinong Loan"
"In half a year, more than 1,500 poor households in poor counties were driven to generate income of tens of thousands of yuan, and Huinongdai implemented the core socialist values with practical actions"
"Huinongdai invested 1 billion yuan to launch the establishment of small loan companies to assist farmers in the central and western regions of my country, hoping to help hundreds of thousands of poor families get out of poverty and become well-off"
…
Various media outlets praised Huinong Loan so highly that Zhang Yida felt a little carried away.
This time it really hit the limelight. Ruixiang’s US$2 billion in financing was not widely publicized.
This 1 billion is well spent!
Zhang Yida was secretly happy.
In particular, the praise given by several official media outlets including People's Daily Online and Xinhua News Agency pushed Huinong Dai's reputation to its peak.
During this period, Zhang Yida received various calls every day. Some media wanted to interview him, and entrepreneurs such as Huang Xin, Zhang Ming, Chen Wei, Robin Li, Dongfang Yu, Hu Gang, Wang Xiaojie, etc. all expressed their desire to invest in Huinong.
loan.
Zhang Yida has always declined interviews from the media. But this time, Zhang Yida readily agreed to be interviewed by a mainstream official media.
Many entrepreneurs wanted to invest in Huinongdai, but Zhang Yida declined on the grounds that it was not convenient to refinance after having just completed the Series A financing.
However, he did not say anything, saying that he could also conduct A+ round of financing or B round of financing in the future.
When everyone adds firewood, the flames will rise! It’s also good to recruit entrepreneurs to build momentum.
Regarding Huinong Loan, Zhang Yida never thought of using it to make money, but rather regarded it as a stage to realize the value of his life.
Lifting hundreds of thousands of families out of poverty is a great merit.
However, this driving process will definitely be long and arduous. Zhang Yida is not in a hurry to get it done right away. He is willing to wait for ten or eight years.
In society, Huinongdai and Zhang Yida are also praised online, praising Huinongdai as a conscientious enterprise and Zhang Yida as a conscientious entrepreneur.
There are also some Taoist gentlemen who jump out and say that Huinongdai is a company that is just trying to gain a good reputation. It lends money at usury under the guise of charity and poverty alleviation, and the interest rates are much higher than bank interest rates.
He also said that if Huinong Loan is truly committed to poverty alleviation, it should not charge interest and should issue interest-free loans.
Soon someone came out to teach them how to behave, saying:
First, issuing interest-free loans will create inertia among borrowers and the idea of getting something for nothing.
The Chinese have always emphasized getting rich through hard work, and Huinong Loan charges a certain amount of interest to put pressure on farmers and motivate them to work, so that they can change their backwardness with their own hands.
Second, Huinong Dai is an enterprise. It has labor costs and capital costs. How can it operate in the long term by issuing all interest-free loans?
If you want to benefit more people, you should charge interest, maintain the development of the company, expand its scale, and provide this service to more poor areas and people.
This comment is very thorough and it expresses Zhang Yida’s thoughts. It has received tens of thousands of likes on Zhihu, and even Zhang Yida couldn’t help but give it a like.
…
January 1, 2015, is another new year.
In the studio, Yang Lan dressed in intellectual clothes said in front of the camera:
"Hello everyone, welcome to "Interview with Yang Lan"."
What were we doing when we were 20 years old?
The champion Hou Huo Qubing was granted the title of Langjuxu at the age of 20 and won the hurried visit to the north.
Zuckerberg founded the social empire Facebook at the age of 20 and became the youngest billionaire in the world.
Our protagonist today is also a 20-year-old young man. Have you guessed who it is?
Please, Mr. Zhang Yida."
Zhang Yida, wearing a black suit, walked from behind the scenes to the front of the stage. He greeted the audience, Yang Lan and the audience in front of the TV. After saying hello, he sat down on the sofa in the studio.
"Hello Zhang Yida! Thank you very much for accepting our visit.
Including me, and many of my TV friends are very curious about you. I would like to ask, what motivated you to start a business in the first place?"
Yang Lan asked with a smile on his face.
Zhang Yida thought for a while and replied:
“I once went out and forgot to bring my wallet. The weather was hot, so I walked to the roadside to buy a bottle of water, but found that I didn’t bring anything with me except a mobile phone.
I was thinking at that time, it would be great if I could pay with my mobile phone.
Therefore, there was later magic treasure payment."
Zhang Yida had already made a draft before coming here. In this interview, he will definitely ask what was the motivation for founding Ruixiang?
You definitely can’t say it’s for money!
So Zhang Yida thought of this reason and advertised Mobao Pay by the way.
"Mobao payment is very convenient! Take out your mobile phone and scan the QR code to make payment. It really makes people's lives easier."
Yang Lan first praised and then asked:
"Tell me about your entrepreneurial experience. How did you grow your business from small to large?"
Zhang Yida looked like a sunny boy and replied with a smile:
“Ruixiang started out as an Internet financial product recommendation service. 2013 was the first year of the explosion of Internet finance, and Ruixiang just seized this wave of opportunities.
Our APP is called Tou Rong Hui, which includes three major functions: investment, investment, and investment.
At the beginning, it only had the function of investing. After gaining favor from some users, we found that the function of only investing was too simple, and then added Ronghehui.
Financing is borrowing, and remittance is transferring money.
After these two major functions were launched, our user base experienced a huge surge.
Ruixiang is an Internet financial company oriented towards customer needs. Its development to this day is inseparable from the support, companionship and encouragement of its users along the way.
We do not forcefully pursue the expansion of the company's scale, and all development occurs naturally.
More than half of the users are obtained by friends recommending friends and word-of-mouth publicity.
Specifically, some users have found that our software is very useful. It can invest, borrow, transfer money, manage credit cards and keep accounts...
The financial functions are very complete and easy to use.
You recommend me, I recommend him, and it spreads from one to ten, and from one to the next, it grows and develops.
Ruixiang now has 200 million users, all of whom are very sticky users, and nearly half of them, or 100 million people, use our software every day."
Zhang Yida's wave of hard advertising made Yang Lan frown slightly. Do young people today like to add drama to themselves so much?