The bet proposed by Zhang Yida undoubtedly scratched the itch of the heads of major banks and insurance investment departments. After they returned to their respective companies, they quickly held meetings to finalize the investment matters.
In the end, China Development Bank led the investment with US$1.25 billion, and the four major banks and China Pacific Insurance each participated in the investment with US$250 million. Ruixiang completed a total of US$2.5 billion in Series D financing.
After the completion of this round of financing, Ruixiang’s valuation increased to US$27.5 billion.
After four rounds of ABCD financing, although Zhang Yida’s shares in Ruixiang are few, he is still the largest shareholder, holding 79.23% of the voting rights.
Lin Zhenyang still holds 8.82% of the voting rights. Counting Zhang Yida, the management holds a total of 88.05% of the voting rights.
The release of so many shares also provided the most urgently needed funds for the development of the company, and at the same time weaved a huge network of relationships.
The network includes Wall Street giants, domestic Internet giants, Singapore’s sovereign wealth fund, and the four major domestic banks...
The foundation of Ruixiang has basically been laid firmly, and Zhang Yida can focus all his attention on business without having to worry about some "little gangsters" and "hand-in-hand gangs" making small moves behind his back.
In addition, the number of seats on the board of directors of Ruixiang Group has been expanded again.
Penguin holds 3 board seats, Blackshirt Capital has 2 seats, Temasek has 1 seat, China Development Bank has 1 seat, and the four major banks, plus CPIC, also hold 1 board seat.
External shareholders hold a total of 8 board seats. Zhang Yida increased the number of board seats to 17, and the management holds another 9 seats.
At board meetings, management still has the strongest say.
After the first phase of the D round of financing, US$500 million, arrived in Ruixiang's account, Zhang Yida allocated all of it to Lan Lan and asked her to initiate the establishment of the third phase of Ruixiang Industry Fund.
Several Internet companies in South Korea and India, after a series of negotiations by Lan Lan, have reached an agreement and are now waiting for payment.
Lan Lan urged Zhang Yida several times, and Zhang Yida also knew that he could not delay any longer, otherwise the chance of buying shares would be lost.
After Lan Lan received the money, he quickly flew to South Korea with his investment team.
First, they approached Blue Hole Studio, acquired the other party for US$250 million, and required the other party's management to stay on for three years. At the same time, they were asked to develop a tactical competitive shooting game named "PlayerUnknown's Battlegrounds".
The US$250 million was not paid by Ruixiang Industrial Investment Fund, but was loaned out by Zhang Yida by pledging a portion of Yimin Wangjin shares to the Industrial and Commercial Bank of China in his personal name.
Lan Lan was equivalent to helping Zhang Yida with a private job, but she didn't complain. The big boss asked her to do it, so she naturally had to help him complete it.
Following the clues provided by Zhang Yida, Lan Lan sent an email to Irishman Brendan Green, inviting him to come to South Korea as the chief game designer and saying that he was willing to provide him with all the resources he wanted.
Brandon Green was born in a military family and grew up in a military camp. He loved shooting games as a child.
When he was young, he worked as a painter and a photographer. In middle age, he fell in love with a Brazilian woman and went to Brazil to pursue her. However, the relationship broke down in only the second year. Frustrated in love, Green began to focus on gaming.
.
At that time, he had been studying a shooting game - the day-z battle royale module of Armed Assault 2. Later, based on some shortcomings he discovered in the game, he began to improve the module of Armed Assault 3, and began to get
Industry attention and recognition.
He was valued by H1Z1, which was very popular at the time, and began to truly embark on the road of professional gaming.
At that time, H1Z1 Company created a game project called "H1Z1 King of Kill" for Green. However, Green did not work on it for long before he realized that this game was not what he wanted, so he went back to study the model of his own Arma 3.
Group.
Brandon Green is in his thirties and spends all day developing games at home.
The marriage also failed, and his parents were very worried about him.
When Brandon Green received the offer from Blue Hole Studio, he embarked on a journey to South Korea without hesitation.
He knew that this was a rare opportunity. As long as the other party was willing to provide him with all the game resources he needed, in return, he would definitely stay and make a popular shooting game that would shock the world.
The Korean version of Magnesium Group, Woowa Brothers, and Ruixiang Industrial Investment Fund invested US$45 million in each other, taking 7.5% of the shares.
Viva Republica, as the largest P2P company in South Korea, Lan Lan invested US$50 million in the other party on behalf of Ruixiang Industrial Investment Fund, taking 25% of the shares.
They teamed up with each other to establish a joint venture mobile payment company in South Korea - Toss. Ruixiang invested another US$10 million and controlled 51% of the shares.
In addition, Ruixiang will also transfer a team from Mobao Payment to join Toss to bring China's advanced mobile payment technology to South Korea.
Then, Lan Lan moved to India.
Before going, Zhang Yida warned her: Girls must protect themselves when going to India.
After arriving in India, Lan Lan hired a security team that has been operating in the bustling centers of various cities and will not go to the slums even if they are beaten to death.
There's no way around it, Ah San is so awesome, he can be called the best teddy among people.
ShopClues is the fourth largest e-commerce company in India. At a time when its market share is being gradually eroded by the top three local giants, it offered Lanlan US$1.1 billion.
After Lan Lan reported it to Zhang Yida, Zhang Yida immediately gave up.
He remembered that ShopClues had been in decline in his previous life and was sold for less than US$100 million in 2019.
Zhang Yida felt that he could not be taken advantage of. He came to India not to do charity but to make money.
Even if you want to acquire the other party, you have to wait for another two years. When Pinduoduo develops and the other party declines, it will be the most suitable time to take action.
The Indian version of "Didi" Ola, Ruixiang Industrial Investment Fund invested US$100 million in the other party and took 6.67% of the shares.
Ruixiang invested US$50 million in Zomato, the Indian version of "Dianping", taking a 16.67% stake.
Byju's, the Indian version of "TAL Future", has a pre-money valuation of only US$150 million, and has a huge potential for value-added. Zhang Yida asked Lan Lan to invest US$50 million in it, taking 25% of the shares.
Mobikwik is a start-up mobile payment company in India. Rui invested US$100 million in the industrial investment fund and acquired all the equity of the other party.
At the same time, Mobao Pay will send employees to India to take over the company and create an Indian version of "Mobao Pay".
PolicyBazaar, the Indian version of "Ping An Good Doctor", Ruixiang invested US$40 million and took 9.1% of its shares.
Delhivery, the Indian version of "Shunfeng Express", Ruixiang invested US$50 million and took 12.5% of the company's shares.
OYO Hotel, Lan Lan invested US$100 million in its Series B financing on behalf of Zhang Yida personally and obtained 10% of its equity.
The company’s founder, Li Taixi, knew through conversations with Lan Lan that the founder of Ruixiang was the same age as him.
So he was very interested in Zhang Yida and said he would come to China to visit Zhang Yida.
Lan Lan relayed the news, and Zhang Yida guessed that Li Taixi was probably targeting the Chinese hotel market.
After Li Taixi brought the OYO hotel model to China, it was quite successful.
OYO China was independently separated from its Indian parent company and raised more than US$900 million.
If he wanted to use Zhang Yida's connections to open up the Chinese market, Zhang Yida would not refuse, but he would only have to pay a share price.
Lanlan Korea and India have been wandering around, investing in mergers and acquisitions, and establishing 11 companies, 4 in South Korea and 7 in India.
A total of US$845 million was spent, and Ruixiang Industrial Investment Fund invested US$495 million, almost spending the US$500 million allocated by Zhang Yida.
The US$250 million for the acquisition of Blue Hole Studio and the US$100 million for the investment in OYO Hotel were invested in Zhang Yida's personal name.
Zhang Yida's Yimin Wangjin shares are worth more than 2.8 billion U.S. dollars. He easily obtained a loan of 500 million U.S. dollars from Industrial and Commercial Bank of China based on equity pledge.
Because the stock has not yet reached the lifting period, it is impossible to cash out. Even if the lock-up period comes, major shareholders will not be able to cash out in large sums.
Therefore, to improve life and make investments, generally major shareholders of listed companies pledge their equity.
…
"Mr. Arora, Yahoo RB is RB's largest search engine and portal.
Ruixiang has leading mobile payment technology and promotion experience.
Our joint venture to establish an e-wallet will definitely occupy a place in RB."
Zhang Yida received Yahoo RB Chairman Nikesh Arora and his accompanying executives from RB in Ruixiang's office.
Yahoo RB is a Japanese-American joint venture, controlled by RB Son Masayoshi's Softbank. Yahoo America owns 34% of its shares, 15% of the capital comes from the stock market, and Son owns 51% of the shares.
At present, Masayoshi Son has resigned as chairman of Yahoo RB, and Nikesh Arora has taken over the position.
Arora is an Indian who once served as vice president of Google Europe. He was poached by Masayoshi Son to SoftBank in 2014.
Son Zhengyi attaches great importance to this person and plans to train him to be his successor.
"Mr. Zhang, our trip to China is to inspect mobile payment in your country.
We can agree that both parties will jointly set up an e-wallet company, but the controlling stake must be held by Yahoo RB."
Arora also put forward his own conditions. He followed Sun Zhengyi's instructions and came to China for inspection.
At present, China is the most prosperous place in the world in the development of mobile payment. He also believes that it is of great significance to study and study.
It stands to reason that SoftBank is Ahri’s largest shareholder and should give priority to inspecting Leech Financial Services.
However, because of Jack Ma’s shady operations, Ahli has never been a major shareholder of Leech Financial Services Group, and only enjoys 37.5% of the latter’s dividend rights.
As for the shares, Jack Ma has always promised to implement it for Ahri.
But it has been delayed for so many years and has not been implemented.
Son was going to give Lao Ma some eye drops, so he asked Alola to come to Ruixiang to investigate.
Zhang Yida was surprised at Arora's visit at first. But he soon guessed that Sun Zhengyi was dissatisfied with Lao Ma.
Zhang Yida originally planned to give up on the RB market. But with cooperation coming to his door, there was no reason to refuse.
When Chinese tourists travel to RB, it is quite inconvenient to buy a toilet or something without mobile payment.
So Zhang Yida nodded and said: "It can be controlled by your company, but Ruixiang has a condition, which is to cooperate with this joint venture e-wallet to jointly promote cross-border payment business."
Generally speaking, cross-border payment means that when Chinese consumers purchase products from foreign merchants online or foreign consumers purchase products from Chinese merchants, due to the different currencies, they need to use certain settlement tools and payment systems to achieve payment between two countries or
Fund conversion between regions ultimately completes the transaction.
Mobao Payment has applied to the regulatory agency to obtain a cross-border payment business license, and its eyes have naturally turned to overseas markets.
Singapore, Indonesia, South Korea, and India have all been deployed. Together with RB, there are five countries.
"Of course there is no problem! Happy cooperation, Mr. Zhang."
Arola thought about it briefly and agreed. She shook hands with Zhang Yida enthusiastically.
The two parties discussed for a while, and the joint venture was named PayPay.
The name was given by Alola. Zhang Yida thought the name was a bit strange, but he was relieved when he thought that the payment company of Yahoo RB in his previous life was also named this name.
Yahoo RB invested US$51 million and holds 51% of the joint venture company PayPay;
Ruixiang invested US$49 million and holds 49% of the joint venture company PayPay.
At the same time, Mobao Pay will also dispatch some Chinese employees to PayPay to be responsible for the establishment of the early payment system and business promotion.