In a very private club, Zhang Yida, Fu Weiwei, and Li Bing shook hands enthusiastically, announcing that the arduous negotiations that had lasted for nearly a week had finally come to an end.
Liu Dahai and a group of motorcycle investors also showed satisfied smiles.
The acquisition price of US$360 million was not in vain as he and others had been busy for nearly a week.
During this week, I and others had broken their legs and their mouths.
But thinking about the considerable rewards, all the hard work is worth it.
I wish there would be more business like this.
Among the investment institutions that worship Mobike, Li Bing, who invested in the angel round, has the highest return rate, followed by Happy Capital, which invested in the A round.
Even the few shareholders who invested in the Series B financing at a valuation of US$200 million had a return rate of 80%.
It has only been a few months since I invested in Baimo Bicycle, and I have already received a very good exit plan.
Li Bing is also a winner. After the share dilution in the A and B rounds of financing, he still holds 25.73% of the shares of Baimo Bicycle.
Based on the purchase price of US$360 million, he can obtain an exit return of US$92.61 million.
Compared with the 20 million yuan he invested in two installments in the early days of Baimo Bicycle, the return on investment was nearly 30 times.
Of course, these returns are not all in cash.
The plan given by Huimin Travel is: 180 million US dollars in cash + 180 million newly issued shares of Yimin Travel Group.
Li Bing can get more than 40 million US dollars in cash. With this money, he can participate in part of Weilan Auto's financing to increase his shareholding in the company or prevent further dilution of his own equity.
Li Bing patted Zhang Yida's arm affectionately and said, "Yida, our brothers and sisters must stay closer and closer in the future!"
Zhang Yida nodded with a smile and said, "That's a must! If senior brother has any use for me in the future, just give me your instructions."
Li Bing pinched his chin and said with a smile: "Look! I have now become a shareholder of Yimin Travel.
Would you like to support your senior brother’s career?
I own a company called Weilan Automobile, which is similar to Tesla and also makes electric vehicles.
Electric vehicles are a major trend in the future. Do you want to invest in it?"
Zhang Yida was stunned and asked: "Weilan Automobile? Has Senior Brother Yu also invested in this company?"
He also said: If you can’t make money, he will kill you!”
Li Bing smiled and said, "You know this, right? Senior Brother Yu has such a big mouth!"
He definitely has no chance of killing me, electric cars are definitely a gold mine."
Zhang Yida said nothing. In a few years, you will see if Lao Yu can kill you.
The Weilan Automobile pit is huge! Even after burning tens of billions, it didn’t achieve much success.
The car has been sold a lot, but users often report a lot of problems.
Weilan Auto's losses are also getting bigger and bigger. If it makes a profit, I'm afraid it won't be there until 2025!
Out of support for domestic production and long-term investment, a small investment in Weilan Automobile is not a big problem for Zhang Yida. He said:
"Okay! Please let me know about Weilan Auto's next round of financing."
Hearing Zhang Yida's words, Li Bing's smile grew even brighter. He knew that new energy vehicle manufacturing was a bottomless pit, with at least tens of billions to start.
He likes powerful local tycoons like Zhang Yida the most!
"Okay! I'll definitely be the first to call you when the time comes."
Li Bing patted his chest and said there was no problem at all.
Fu Weiwei had mixed feelings that her entrepreneurial journey had ended. She said to Zhang Yida:
"Congratulations to Mr. Zhang! I hope you can bring shared bicycles to a more glorious stage."
Zhang Yida still respected this entrepreneurial woman. Although she had some bad points, she also had her shining side. He asked Fu Weiwei:
"Mr. Fu, what are your plans next?"
"Me?" Fu Weiwei was a little confused, thought for a while, and said, "Maybe I will travel for a while! I have been too tired and stressed this year, and I need to relax myself."
Fu Weiwei is now a little rich woman. She holds 26.78% of the shares of Baimo Bicycle. After the acquisition, she will receive more than 48 million US dollars in cash and an equal amount of Huimin Travel equity.
You are almost financially free, and maybe you can become one of the protagonists in the news reports that "your peers are abandoning you" like in my previous life.
"What will happen after the trip? Invest or start a business?"
Zhang Yida asked again.
"Well, I haven't thought about it yet." Fu Weiwei replied.
"Well, I would like to invite you to be the CEO of Btp.bike, the overseas version of Huimin Bicycle."
Zhang Yida decided to recruit the talent of Fu Weiwei. First of all, she knew shared bicycles very well and led Baimo Bicycle to complete the entrepreneurial process from scratch to the launch of 370,000 units.
She, a defeated general, is not suitable to be the CEO of Huimin Bicycle. Moreover, Huang Xiaofeng has always been in charge of Huimin Bicycle, and he has managed it very well.
Before Green Scooter grew up, Huimin Bicycle was considered the most important business and sub-brand within Huimin Travel Group.
But it's very appropriate to let Fu Weiwei go to explore overseas. She doesn't have much power and the work is hard work.
If she does well, Zhang Yida will let her take over a more important position. If she does poorly, just be a shareholder and be a young artistic woman!
Zhang Yida's words surprised Fu Weiwei that the other party actually valued her so much.
Let yourself serve as the CEO of Btpbike, one of the three major subsidiaries of Huimin Travel Group.
Btp.bike, she knew, was the overseas version of Huimin Bicycle. It had already entered Singapore and would enter more countries and regions in the future.
The overseas shared bicycle market is several times larger than that in China.
If done well, overseas business will be able to beat the local market.
Zhang Yida put himself in such an important position, couldn't he just take a fancy to himself?
I am already in my thirties and still a married woman, so it shouldn’t be a problem...
Not necessarily. I heard that twenty-year-old guys like them like my mature style...
"Mr. Zhang, let me think about it! Or I will give you an answer after I finish my trip."
Although she thought the CEO position was good, Fu Weiwei, who was suspicious, did not dare to agree to Zhang Yida and wanted to observe more.
Zhang Yida didn't take it seriously. In his opinion, it would be best to work together if we were destined to do so, and he wouldn't force it if we didn't.
The overseas business of shared bicycles is inherently useless and he doesn’t pay much attention to it.
It should be said that the symbolic meaning is greater than the actual meaning.
To describe it in one sentence: "In the summer of 2015, a young man drew a circle for venture capitalists in Singapore."
Because Li Bing and Fu Weiwei asked Zhang Yida to announce the merger news later, Zhang Yida did not make too much publicity. All negotiations and transactions were conducted in private.
But it is impossible not to let any news leak out at all.
When acquiring such a large company, law firms and auditing firms are required to come over to draft agreements and conduct financial due diligence, which requires many processes.
With so many "strangers" joining Baimo Bicycle Company, all kinds of gossip spread like wildfire.
Fu Weiwei asked several employees to speak up and said: This is due diligence before financing.
Anyway, I don’t plan to hide it for long, just keep hiding it for one more day!
After playing tricks on Pang Lei for nearly two weeks, Fu Weiwei also felt guilty. This time she had offended Ah Li badly.
I probably won’t have anything to do with Ahri in the future!
Fortunately, in a society governed by law, you don’t have to worry about something unexpected happening to you one day.
Fu Weiwei called Pang Lei and politely rejected Leech Financial's offer to buy shares.
Pang Lei only replied to her with one sentence: "Okay, great, I wish you success in starting a business!"
Fu Weiwei was also a little angry and thought to herself: You sound so crazy! Does Jackma know?
Is the giant company amazing? It even threatens itself.
Just like that, Fu Weiwei's trace of guilt towards Ah Li disappeared without a trace.
When she thought about it, choosing Huimin as a biker was indeed the right choice.
At least Corporal Zhang Yida Lixian knows how to respect others!
She has clearly understood Ah Li's style. It is an absolute wolf culture, extremely strong, and cannot allow others to disobey at all.
If he accepts Ahri's investment, he is afraid that he will be gradually ignored by them.
This kind of soft knife to cut flesh is not as satisfying as a direct knife when Huimin travels.
Pang Lei was very angry. She felt that she was very restrained and did not have a fight with Fu Weiwei on the phone.
She is the CEO of a large group and needs to pay attention to everything she says and does.
After hanging up Fu Weiwei's call, she was thinking, what was the reason that led to the failure at the last moment?
It was obviously very close to success, but now this situation occurs.
The entire shared bicycle industry is currently shocked by Huimin Bicycle's huge financing, and every second- and third-tier bicycle brand is as anxious as an ant on a hot pot.
Leech Financial Services Group, as the white knight on the scene, has absolutely no reason to refuse our olive branch.
Could it be that I have embraced thicker thighs?
Pang Lei guessed that it was not Penguin, but Qiandu, or maybe Goudong.
At the same time, Pang Lei was also a little upset. She was in trouble this time and was too careless.
If more pairs of bikers had snacks on the bike, it wouldn't be like this.
Thinking about it, Pang Lei thinks that once the aura of Ahri and Leech Financial Services is released, there should be few domestic companies that can refuse such thick thighs!
At the same time, Pang Lei did not want to communicate with Fu Weiwei too frequently.
The shelf must be put up, otherwise what will happen if Weiwei’s price is too high?
Pang Lei thought about it and felt that it might be the "one-vote veto power" that led to the failure of this investment.
But Pang Lei would never dare to give in to this condition. Just kidding, if she didn't get this right, wouldn't Ahli really become a money-splitting boy?
It's really hard to encroach on it step by step without this veto power.
After calming down, Pang Lei cheered up again.
Forget it if you don’t know how to praise Mobike, there are still dozens of bicycle brands in the shared bicycle industry!
It doesn’t have to be hanging on a tree. Pang Lei thinks the little blue bicycle is good.
Pang Lei called her secretary and asked her to contact Xiaolan Bicycle and said: Ahri and Ant Financial want to discuss cooperation with you. If it is convenient, we can have a detailed interview.
Wang Gangcai and Didi Chuxing signed the acquisition agreement two days ago, and he was waiting for the payment, imagining a better life after financial freedom.
Suddenly, he received a call from a young woman who claimed to be the secretary of the CEO of Leech Financial Services Group. The other party also said: Our CEO Pang Leipang always wants to discuss cooperation with your company and would like to schedule an interview with you in detail.
Wang Gang guessed: Leech Financial either wanted to acquire Xiaolan Bicycle or wanted to invest in Xiaolan Bicycle.
I complained in my heart, you should have called a few days earlier!
A few days earlier, I wouldn't have been haggled by that woman Liu Jing in all kinds of ways!
It’s a loss, it’s a loss! It’s a loss of several hundred million.
If Leech Financial Services had contacted me earlier, maybe I wouldn’t have to sell the company.
With such thick legs, Zhang Yida is nothing but a fool, and he has the courage to fight again.
"Hey, I just sold the company to Didi. If you want to discuss cooperation, just go to them!
Okay, that’s it! Hang up! Bye!”
Wang Gang said this to Secretary Pang Lei and hung up the phone after saying that. He was really angry. Would you have died if you had called a few days earlier?
If your work efficiency is so low, you will be killed by Rui Xiang sooner or later!
Secretary Pang Lei came to tell Pang Lei, "Mr. Pang, the founder of Xiaolan Bicycle said that he has sold the company to Didi."
This news surprised Pang Lei. She knew that another small giant was involved in the shared bicycle industry.
The first, second and third players in the industry cannot invest due to various reasons, so how about investing in Yongan Bank?
Pang Lei didn't dare to make the decision without permission, so she planned to go to Jack Ma for instructions.
She believes that the unparalleled "Feng Qingyang" will definitely give her direction.