Song Caiwei walked into Zhang Yida's office and reported the report at the door.
"Uh?" Zhang Yida was a little confused. Lu Min was the CEO of Miaofenqi. After investing 8 million yuan in angel investment in him, Zhang Yida rarely contacted him. He didn't know why he came to visit.
But now that the person is here, Zhang Yida must still receive him, and said to Song Caiwei: "Let him in!"
Although Zhang Yida has little contact with Lu Min, he still knows the development of Miaofenqi very well.
Miaofenqi completed the D round of financing of US$100 million in April this year. It was completed within one year of its establishment. This financing pace and direction are worthy of Huimin.
If it weren't for Zhang Yida's series of companies, Lu Min would definitely be the most beautiful kid in the venture capital market in 2014-15.
Lu Min wore a pair of glasses and looked quite polite. He entered Zhang Yida's office with a smile on his face and said hello:
"Mr. Zhang, long time no see! You are still as handsome and talented as ever."
Zhang Yida smiled, nodded and said hello, waving his hand for him to enter the tea room on the side of the office. Zhang Yida also stood up and entered the tea room.
"I heard that Ruixiang has completed another US$2.5 billion in financing, which was invested by six major state-owned enterprises. It's really amazing...
Among your peers at home and abroad, I dare say that there is no one more awesome than you, Mr. Zhang.
As for BAT, I think Ruixiang has a good chance of being on par with them, or even surpassing them..."
After entering the tea room, Lu Min kept praising him. Zhang Yida didn't object to others praising him, but he just didn't answer and made tea in silence.
Lu Min was alone there and talked for a long time. Seeing that Zhang Yida was not very interested in chatting, he straightened up and got to the point:
"Mr. Zhang, let's discuss something!"
"Discuss? What is it?"
After Zhang Yida made the tea, he handed a cup to Lu Min and asked.
Zhang Yida poured the tea himself, and Lu Min hurriedly thanked him and said, "Yes, about Miaofen's E-round financing."
"Rong! What's there to discuss?"
Zhang Yida was very surprised by Lu Min's reaction. Didn't he inform Ruixiang in the previous rounds of financing and it would be over?
This E round of financing, he came to me for an interview. It’s so strange!
"Ahem!" Lu Min laughed dryly and added: "The E-round financing was led by Leech Financial Services Group."
"Oh!" Zhang Yida exclaimed, took a sip of tea, and asked lightly: "Why do you want to let Leech Financial Services Group lead the investment?"
Lu Min couldn't guess what Zhang Yida was thinking, so he said honestly: "Ali is willing to provide a traffic entrance for Miaofenqi on Paybay, and also agrees to allow us to access Sesame Credit.
The installment mall for college students is not profitable at all. After research and decision, the company wants to transform into a consumer installment platform for the public."
Zhang Yida didn't say anything. The initial investment of 8 million in Miaofan was just a random move.
Is there great potential for wonderful installments? It’s hard to define.
In the previous life, Miaofen was on the rise before the end of 2017, and its market value reached a peak of US$11.5 billion shortly after it was listed.
It has been going downhill since then. After the 180-day lifting period, the market value has been hovering at more than 2 billion US dollars for a long time.
Why is this happening?
Lu Min's IPO was too high-profile, and its loans to students were at the forefront. The media also liked to expose the original sins of the company. Miaofen's shareholders pretended to show their rate of return, and were envied by their venture capital peers. They caught up with domestic cash loan regulations...
There are many reasons. Even if Miaofen's net profit is 30 to 4 billion a year, it cannot stabilize the stock price that plummets.
The best option is to cash out before Qudian goes on the market, then cash out again when it goes on the market, and clear out your positions as soon as possible.
Zhang Yida does not intend to use the cashed out money for other things, but will donate it all to Project Hope.
At that time, Lu Min found Zhang Yidala to invest. Even if Zhang Yida did not invest in Qufenfen, other people or investment institutions would.
By seizing some shares, Zhang Yida can also repay the society. Take it from the people and use it for the people.
Other venture capital institutions would not dare to do this. These are huge profit returns for investors, and fund managers are not qualified to control them.
In the previous life, Leech Financial also took a stake in Miaofen, and also provided payment gateways and Sesame Credit.
But later, due to pressure from public opinion, it terminated its cooperation with Miaofenqin and liquidated all Miaofenqin shares.
When Leech Financial was liquidating its positions, all other venture capital funds were gone, and its market value was less than US$2 billion...
Half a year after its listing, the stock price plummeted by 80%. Lu Min taught American leeks a vivid lesson.
Until Zhang Yida was reborn, American Chives and Miaofen were still filing lawsuits every now and then.
"Okay! As long as you think it will be beneficial to the development of Miaofenfen, let Leech Financial become a shareholder!"
Zhang Yida readily agreed. Leech Financial’s investment was the biggest boost to the take-off of the previous life.
Even if Zhang Yida disagrees, other shareholders will agree.
Although Ruixiang competes with Leech Financial, they are still in a dignified formation, and there is no need to play small tricks.
What's more, Leech Financial's investment in the company can also drive Miaofenfen's business improvement and valuation/market value increase.
If Ruixiang can cash out more money in the future, he can also build more Hope Primary Schools.
Lu Min felt a little surprised. He was prepared to be sprayed by Zhang Yida, but Zhang Yida agreed easily with just one sentence.
Who doesn’t know that Ruixiang and Leech Financial Services are mortal enemies? Their businesses are highly overlapping.
Including Lu Min, he has always considered himself a member of the "Rui Xiang Family". Now that he, the "number one horse boy", is about to surrender to the enemy, Zhang Yida is not shocked or surprised at all!
After Lu Min thought about it, there was only one possibility: Ruixiang didn't care about Miaofen and looked down on himself.
Thinking of this, Lu Min felt a little sad and angry.
I have started my own business for ten years and failed more than a dozen times. Now I have created such a big scene, but in the end I am still ignored by others. I don’t care about myself at all.
Lu Min secretly vowed in his heart: He must hold on to the thighs of Leech Financial Services! Make the company have a market value of hundreds of billions of dollars! Let everyone who looks down on him be slapped in the face.
Lu Min continued to chat with Zhang Yida for a few words, then left Zhang Yida's office with a cold face.
After walking out of the gate of Ruixiang Company, Lu Min looked inside and cheered himself up: Come on, Lu Min! Stick to your dreams and step on Ruixiang under your feet in the future.
Zhang Yida didn't know what Lu Min was thinking, and he would definitely cry out that he was wronged if he found out.
If I let you go and seek refuge with Leech Financial Services, you feel that you are not valued;
If I don't let you take refuge, you probably think Ruixiang is a villain.
…
"Mr. Zhang, once our financial supermarket raises the threshold for cooperation platforms, it will shut out countless small and medium-sized enterprises.
There will definitely be a huge impact on revenue and profits."
Gu Panpan came to Zhang Yida's office and persuaded him to take back his life.
"Enterprise development cannot just focus on profits. It must also maintain its own brand and reflect its social responsibility.
Look at how many P2P platforms have left this year?
Although the platform we cooperate with currently has no problems, it does not mean that there will always be no problems.
We must eliminate unqualified platforms not only now, but also in the future.
Even as a last resort, I will consider shutting down this business directly.
Financial Supermarket has 7 major business sectors, and Internet Financial Supermarket is only one of its branches.
Although it is the branch that contributes the largest revenue, its revenue share in the entire financial supermarket segment is also gradually decreasing.
What does this mean? It means that other business sectors are developing rapidly.
If you have this energy, you might as well expand your business in the other six major business sectors.
If the revenue of Internet financial supermarkets decreases, other sectors will make up for it!”
Zhang Yida's business strategy of "weakening" the Internet financial supermarket could not be shaken. He began to instill other ideas into Gu Panpan, hoping to give her up.
Gu Panpan frowned and thought, is it that serious? The Internet financial supermarket will be shut down if necessary.
She is an old minister who started his business with Zhang Yida, and knows that Ruixiang's oldest business is the Internet financial supermarket.
Although Ruixiang's business now spans the entire financial field, what she is most passionate about is this Internet financial supermarket.
Although today's Internet financial supermarkets are almost becoming useless, it was originally built with her countless efforts and was built bit by bit.
"Mr. Zhang, otherwise, we will increase the due diligence on the cooperation platform.
If there is any problem found, we will terminate the cooperation and remove it from the shelves.
If no problems are found, we will continue to cooperate.
Ruixiang cannot be what it is today without the long-term support of many old customers.
Now that I'm doing something like this, I'm afraid it will affect Ruixiang's reputation and reputation."
Gu Panpan still refused to give up and was still trying to persuade Zhang Yida.
"Financial Supermarket is no better than others. The reason why users invest in a certain P2P platform is inseparable from our diversion and recommendations.
Although we have warned of risks and stated that we bear our own responsibility.
But if a certain platform is really hit by a thunderstorm, users who have suffered huge property losses will definitely blame us.
To say it is an accusation is an understatement, but I might even have to make a claim and come downstairs to hold a banner to collect debts."
Zhang Yida knows very well that retail investors in China have low awareness of investment risks.
It's okay to say that nothing happened, but it would definitely turn out badly if something happened.
Not to mention Ruixiang, some relatives recommended relatives to invest in P2P, and they became enemies after losing money.
"Is it that serious?"
Hearing what Zhang Yida said, Gu Panpan's face became a lot heavier. She shuddered when she thought of hundreds or even thousands of people coming to the downstairs of the company to pull banners.
If it really happens, Ruixiang's other businesses will also be affected.
Of course, as long as Ruixiang gives all its customers the complete answer, this phenomenon will not happen.
Users will also send Ruixiang a good person card and praise it as a good national enterprise.
But is this possible?
You make the money, and Ruixiang takes the risks.
"It's much scarier than you think. We have seven major financial supermarkets. Let's take a look at the overlap between Leech Financial Services and ours.
They only don’t have Internet financial supermarkets and loan supermarkets.
However, the loan supermarket is coming soon. They have taken a stake in Miaofenfen and will soon help the other party to divert traffic. It is a loan supermarket in disguise.
I don’t think Leech Financial Services Group would dare to touch the Internet financial supermarket.
If I hadn't relied on it to start my business, I wouldn't have wanted to encounter this problem.
It's like carrying a time bomb on your back at any time, and you don't know when it will explode.
Do you think those who engage in P2P business are all legitimate? Now there are no regulatory restrictions, and most of them are sleazy operators.
Let’s do it for the last year! The Internet financial management diversion business will be completely stopped by the end of 2016.”
After listening to Zhang Yida's words, Panpan looked at Zhang Yida and advised: "Mr. Zhang, it's so dangerous, why don't we close this business now?"
Zhang Yida wanted to laugh. Women are just timid. Before, they had vowed to persuade him to keep the Internet financial management business. Now he was frightened by him and began to persuade him to shut down the business.
“It’s not that dangerous! There are many small businesses fishing in troubled waters, and they have the weakest ability to resist risks.
Many large enterprises are relatively compliant."
Zhang Yida knew that the thunderstorms in his previous life were in 2017 and 2018. Especially in 2018, a lot of large-scale P2Ps died.
Before that, all those who died were small miscellaneous fish.
If he hadn't made a bet, Zhang Yida would have jumped out of the car right now.
My career has also started, and if I keep the Internet financial supermarket, it will be a hidden danger.