Zhang Yida, Huang Xiwen, and Li Chuan were discussing cooperation on the sidelines, and Guo Yisheng couldn't help but interrupt: "Mr. Zhang, with your Ruixiang Industrial Investment Fund, can our Hong Leong Group also join?"
"Everyone is welcome!" Zhang Yida smiled and added: "But our industry fund has a relatively long lock-in period, 5+2 years, and it may take up to 7 years to get returns."
Guo Yisheng nodded. He also went to business school, so he naturally knew the operation mode and period of industrial funds. Seven years is normal.
"I will talk to my dad when I get home. If possible, we in Hong Leong Malaysia would also like to participate in one."
Guo Huiqi is not stupid. Seeing that several of them are clamoring to contribute to Ruixiang Industrial Fund, she also thinks this is a good business and does not want to miss this opportunity, so she wants to participate.
The difference is that the others are all around thirty years old and basically take charge of the family business on their own.
She is different. She is only 23 or 24 years old, has only graduated less than two years ago, and can basically only participate in the family's relatively marginalized business.
In addition, she is a girl. In their family, although the usual food and clothing expenses are similar to those of her elder brothers, she is still a female generation. She will get married in the future and cannot be such a big boss.
"Okay, Miss Guo will go home and discuss it with her parents. I very much look forward to cooperating with your family."
Looking into Zhang Yida's bright eyes, Guo Huiqi quickly realized that this sentence was a "pun".
In addition to industrial investment funds, it also refers to Jincheng Consumer Finance Company.
"Okay, I will reply to Mr. Zhang in time."
Li Hengbo, Chen Bingyao and others saw Zhang Yida and others discussing happily in a small circle here, so they also gathered around.
"Boy, what are you talking about here?"
"Let's also listen to it. I feel like there are some great business secrets."
Looking at the group of wealthy third-generation people surrounding him, Zhang Yida felt a little dumbfounded and said, "We are discussing the third phase of cooperation with Ruixiang Industrial Fund."
"The third phase of industrial funds has been established. The efficiency is very good." Li Hengbo gave Zhang Yida a thumbs up.
"The second phase of the industrial fund has been spent long ago. We have invested hundreds of millions of dollars of our own funds. We have invested in companies in China, Japan, South Korea, India, and Southeast Asia."
Zhang Yida's words immediately aroused the curiosity of a group of wealthy third-generation people, and they all asked him to tell him which companies he had invested in.
Zhang Yida then gave a general overview of the companies he invested in, including names, industries, valuation growth rates, investment amounts, future prospects... and many other aspects.
Many third-generation rich people have heard of these companies, such as Grab, GoJek, and Lazanda. They all praised Zhang Yida for his good vision and expressed their intention to participate in investment.
Looking at the group of wealthy third-generation people around him who regard themselves as the God of Wealth, Zhang Yida said that everyone is welcome to participate in investment, and added their contact information one by one, saying that he would send them a copy of the operation of Ruixiang Industrial Fund for their reference in the future.
Report.
After a banquet, Zhang Yida deservedly became the shining protagonist.
Zhang Yida also made many good connections and met a group of Chinese tycoon children from various Southeast Asian countries.
…
"Mr. Li, I acquired a game company in South Korea. This company has developed a shooting game and it is expected to be launched within this year.
Are you interested in being an agent?"
Within the Sea Group Company, Zhang Yida learned about the company's recent operating data and financial data, and then started to promote the upcoming "PlayerUnknown's Battlegrounds" game.
"Ah? You still develop games?"
Li Xiaodong, CEO of Sea Group, was quite surprised. He said, "Zhou Cao, you are a financial boss. What kind of games are you playing? This is a typical example of not doing your job properly!"
"Haha!" Zhang Yida said with a smile: "I'm just trying to cross the border."
Although Li Xiaodong didn't think that Zhang Yida, a newcomer in the gaming industry, could come up with any awesome games, he considered that Zhang Yida was also a shareholder of Sea, so he gave it a try and nodded in agreement:
"Let's do this! When the game is developed, we will send people to South Korea to test it. If there are no problems, we will act as an agent!
But, Yida, I’ll tell you the ugly things first. In this game industry, it’s normal for a game to fail, so don’t take it too seriously.
In the future, with more experience, the commercial success rate of the game will gradually increase."
Zhang Yida didn't know whether to laugh or cry. My game hasn't been released yet! You comforted me now.
When "PlayerUnknown's Battlegrounds" is officially released, it will be very painful to be slapped in the face.
Zhang Yida did not explain much, and had to accept the favor, so he quickly thanked: "Thank you so much, Brother Dong!"
"When will Sea consider going public?" Zhang Yida asked.
"You can't wait that much?" Li Xiaodong glanced sideways at Zhang Yida.
"What do you mean you can't wait! Ruixiang is really short of money." Zhang Yida also joked.
Li Xiaodong quickly stopped him, Ruixiang was short of money, and Sea should go bankrupt.
"You have raised US$2.5 billion. Even I heard about it from as far away as Singapore. I have to say it is awesome PLUS."
Li Xiaodong sighed and said: "It's better to do it in China! It has a large population and a big market. Only in this environment can a super unicorn like Ruixiang be hatched!"
Zhang Yida saw him expressing his feelings about life here and smiled: "It's better for you Sea to use domestic models and employees to carry out dimensionality reduction attacks in Southeast Asia.
In the entire Southeast Asian market, no one can compete.
We are different, Leech Financial Services Group puts a lot of pressure on us."
"It can't be said that the Vietnam VNG Group puts a lot of pressure on us!" Li Xiaodong behaved very modestly. Although he has become the leader in gaming in Southeast Asia, he is not arrogant at all.
"Oh, that old unicorn! It was established in 2004 and started as an agent for Kingsoft Games."
Zhang Yida sent people to contact the VNG Group, but they actually rejected Ruixiang's investment intention, which made Zhang Yida very unhappy.
As if he had seen through Zhang Yida's mind, Li Xiaodong smiled and said: "Have you approached them about investing? I tell you, don't make this idea. They started making profits in 2013."
Zhang Yida smiled and did not answer. The VNG Group has monopolized many subdivided Internet fields in Vietnam. It is known as the "Vietnamese Little Penguin". It is weaker than Sea's "Southeast Asian Little Penguin", but it is also very powerful.
.
Zhang Yida is now looking for an entry point to enter Vietnam's Internet financial market, and VNG is a good entry point, but he is unwilling to accept investment.
This put Zhang Yida in a dilemma. He could only find other entry points.
…
"Mr. Bitnet, long time no see."
Zhang Yida shook hands with its CEO Maximilian Bitner and greeted each other in Lazada's office.
"Mr. Zhang, when I see you again, you are already the chairman of a super unicorn company and a listed company.
And your Musical.ly and Green Scooter are also great companies.
It’s really an amazing achievement, I dare say that even Xiao Mazi couldn’t compare to you when he was the same age as you.”
Bit Nei threw all kinds of compliments at Zhang Yida's head as if they were free of charge, which made Zhang Yida laugh out loud.
After a brief chat, we quickly got to the point. Bitnet said: "Mr. Zhang, what do you think of the e-commerce market in Southeast Asia?"
"It's almost the same as when our country was in the early 2000s, when the heroes came to Zhuolu and the princes competed for hegemony."
Bitnet nodded and agreed with Zhang Yida's statement. He continued: "In Singapore, Shope, a subsidiary of Sea, competes with us, and in Indonesia, Tokopedia and pak compete with us..."
Bitnet kept listing the competitors he encountered in various Southeast Asian countries. Zhang Yida frowned more and more as he listened. Is it as serious as you said? It sounds like the whole world is against you.
"Having said so much, I actually want to express one point. If we want to win the final victory in Zanda, we still need to invest a lot of money continuously.
In 2014 we lost $150 million, and in 2015 we lost $210 million."
Zhang Yida interrupted the chattering Bitnet, looked at the latter firmly, and said: "Mr. Bitnet, we Ruixiang have confidence in your management team, and we will definitely win this e-commerce battle.
Tell me! How much financing do you need?”
Bitnet smiled "hehe", pointed three fingers at Zhang Yida, and said: "300 million euros!"
Zhang Yida took a sip of the coffee on the table, looked at Bitnet for a long time, and then asked: "Where's the valuation?"
“1.5 billion euros before investment!”
Zhang Yida shook his head and said: "It's too high! I can't afford the money."
Bitnet quickly explained: "Mr. Zhang, this is not high at all. Compared with the more than 1.2 billion euros when you invested a few months ago, the valuation has only increased by more than 200 million euros."
Zhang Yida knew that Laizanda was short of money. At this time, how could he not take advantage of the situation?
So he sighed and said: "You are losing too much. You have lost US$360 million in two years. Ordinary companies cannot afford to support you!"
Bitnet said flatteringly: "Ruixiang is different! Ruixiang is a super unicorn with billions of dollars in cash. The little seam of your fingers is enough for us to operate Zanda for several years."
Zhang Yida smiled coldly in his heart, "You also have today. The last investment increased my price by 200 million euros. This time I must compensate you."
"Hey, Ruixiang also needs to expand its business and lay out the upstream and downstream industry chains. For the e-commerce field, we can only say that it is financial investment.
In principle, the investment amount shall not exceed US$100 million.
300 million euros is equivalent to 330 million U.S. dollars. The amount is too large and our board of directors will not agree to it."
Looking at the embarrassed Zhang Yida, Bit felt a chill in his heart. The funds in Lazada's account were already less than 200 million U.S. dollars. If this loss-making state continued, the funds might be exhausted in another six months.
He asked the German parent company for instructions, but the parent company was unwilling to invest any more and asked him to find venture capital to solve the funding problem or simply sell the company.
Bitnet was not willing to give in, and looked for investors from previous rounds. Everyone frowned when they saw Zanda's financial report. When they heard the valuation again, there was nothing more to say.
Therefore, Zhang Yida, who came from afar, became Lazanda's only life-saving straw.
Now that the life-saving straw is not willing to increase investment, Bitnet's heart has been shaken for the first time, and he is considering whether to persist.
He thought to himself, if he was really desperate, he might as well sell the company!