Faced with the aging Qian Wang, Zhang Yida was very frank and recounted what he had said to Li Chuan and other rich third generations on the yacht.
Li Wenzheng nodded repeatedly when he heard this, his cloudy eyes exuded the light of wisdom, and he said: "Your idea is correct, just like when we entered the mainland in the 1990s, we traded technology for the market.
Compared with local Internet companies in Indonesia, Internet companies in mainland China have a market value of tens to hundreds of billions of dollars.
Whether it’s technology, capital, or business model, it is far superior to Indonesia’s local Internet companies.”
"Yes!" Zhang Yida was not modest, and added: "The domestic Internet dividend has basically reached its peak. To seek development, we must go abroad and go to a wider world.
Regardless of the European and American markets, we must capture the Southeast Asian market closest to our homeland."
Li Wenzheng suddenly coughed repeatedly. Li Chuan, who was sitting next to him, quickly stood up and came forward, handed his grandfather the hot tea on the table, and gently stroked the old man's back.
After Li Wenzheng took a sip of tea, he took a deep breath of fresh air. After a while, he calmed down and said to Zhang Yida: "Mr. Zhang is laughing. I am now eighty-seven this year. If I can live one more day, I will earn one more day."
"Lao Li is serious. I see that you are so energetic and energetic. You must be a blessed person who will live a long life."
Zhang Yida knew that Li Wenzheng had undergone heart bypass surgery in the 1980s. According to his family background and conditions, he enjoys the world's top medical services. As long as he is willing to spend money, he can live a long life, which is highly likely to be possible.
"Haha." Li Wenzheng waved his hand and said, "It's enough to live to this day. I have seen the prosperity of the motherland and the prosperity of the family. This life is worth it.
I have always kept pace with the times and paid attention to nanotechnology, digital technology, and the Internet, but I just don’t want to be abandoned by the times.
Live until you are old and learn when you are old."
"Mr. Zhang, how much money do you plan to raise for the third phase of Ruixiang Industrial Fund?" Li Wenzheng asked again.
"The initial plan is US$1 billion. Our mode of operation will be different from general financial investments. We will mainly make industrial investments, including mobile payment, e-commerce, travel, Internet finance and other fields.
While investing, we will also bring China's advanced technologies, products, and models to Southeast Asia.
Of course, we are not limited to the Southeast Asian market. We also have investments in Japan, South Korea, and India. The next step will be to focus on Africa, South America and other regions."
Li Wenzheng nodded slightly and said, "I heard from Xiaochuan that the company RPay is also owned by you?"
"Yes." Zhang Yida explained: "Last year, we Ruixiang jointly established this company with three local Indonesian Internet companies."
"It's quite convenient to scan the QR code to pay. As far as I know, Ruixiang's core product is also this magic treasure payment."
Before Li Wenzheng made an appointment with Zhang Yida, he asked people to collect information about Zhang Yida and his companies, so he still had some understanding of Mobao Payment.
Zhang Yida saw that the other party knew Ruixiang so well, and he also knew that he must have studied him, otherwise how could he have asked him to meet him so carelessly.
"Yes, mobile payment can be called the most important product of Ruixiang Group. It plays the role of gathering users and traffic for the entire group.
Without Mobao Pay, no matter how good Ruixiang’s other products are, they will be useless and unable to retain users.”
Li Wenzheng nodded to express his understanding, and then asked: "So this most important product was taken out to sea by you?"
“Other products are not suitable for launch yet due to the Internet infrastructure in Southeast Asia.
Therefore, RPay is our first product. If the subsequent development goes smoothly, a complete set of services including wealth management, consumer finance, big data credit reporting, etc. will be transplanted and be on par with those in China."
"But I have a question. Since you have RPay, why did you jointly establish GrabPay with Grab?"
Zhang Yida secretly thought, this old man is really shrewd. As expected of a veteran who has been in the shopping mall for nearly 70 years, he knows his own details clearly.
"There are two main considerations! There are 11 countries in Southeast Asia. Each country has different policies, languages, customs and customs. Localized operations are very important. This is one of them.
The second is to diversify risks and not put eggs in one basket.
In the future, when the business of the two major payment companies collides, or the situation becomes clear, we will consider merging the two major payment companies to establish our position in the entire Southeast Asia in one fell swoop."
Li Wenzheng laughed "haha" and said: "You are a very naughty boy."
Then he asked: "What benefits can we gain if you ask us, Lippo Group, to become a shareholder?"
Zhang Yida thought for a while and replied: "Ruixiang's current valuation is 27.5 billion US dollars. If RPay can become the first in the Southeast Asian market and move Ruixiang's complete set of products and services to Southeast Asia, the volume of 10 billion US dollars will be
Can't run away.
In addition to obtaining generous financial returns, RPay can also develop business cooperation with banks and financial companies under the Lippo Group.
Ruixiang has 7 major financial supermarkets in China and has business cooperation with many domestic banks, including financial products, loan products, credit cards, etc.
Now is the digital era, and banks under the Lippo Group can also use this shareholder style to complete digital transformation and take their banking business to a higher level."
Zhang Yida's words touched Li Wenzheng's heart. He suffered five bank runs in his life in order to resist risks and better inherit the family wealth.
Since 1998, Lippo Group has begun diversified development and entered many fields such as real estate, insurance, and securities.
Today, the diversified business has developed very successfully, but the overall financial business still accounts for 70% of Lippo Group's business volume.
Therefore, he has paid special attention to the development of Internet finance in recent years, fearing that new technologies will subvert traditional banks and financial companies like them.
“How many shares of Lippo Group can RPay give us?”
Zhang Yida and Li Wenzheng looked at each other and said slowly: "The specific shares need to be discussed with the other three major shareholders tomorrow.
But Ruixiang must hold a controlling stake, and only we can ensure that RPay is always on the leading and correct path."
Zhang Yida's words revealed a strong sense of confidence, and Li Wenzheng was also deeply affected, sighing: "Actually, Lippo Group also has the idea to launch a mobile payment software.
But since RPay has already taken the lead, if we launch it again, it will hurt our family’s harmony.
As long as Mr. Zhang agrees that we hold more than 20% of the shares, we will cancel the original plan."
"20% of the shares is a bit high." Zhang Yida shook his head and said.
Seeing Li Wenzheng frowning, Zhang Yida continued: "Mr. Li, don't get me wrong, in addition to Lippo Group, Sinar Mas Group also wants to invest in RPay.
In addition, there are three other major shareholders in the company, and it is difficult to allocate these shares!"
"Wouldn't it be great if we and Sinar Mas Group jointly spent money to acquire the shares held by the other three major shareholders at a premium?"
Upon hearing Li Wenzheng's words, Zhang Yida knew that he had underestimated the important role played by RPay's other three major shareholders in the business expansion process.
So Zhang Yida explained to him: "The three major shareholders are Internet companies in the fields of e-commerce, online travel, and taxi hailing. Their presence has greatly enriched our mobile payment business scenarios.
In Indonesia, the three of them should be regarded as the largest Internet companies.
If they are excluded and they change hands and start a new business, it is likely to bring a lot of unnecessary trouble to RPay.
It is very likely that while we were still fighting with them in Indonesia, other competitors had already won most of the Southeast Asian market. As a result, we missed the opportunity for development.
For RPay, the most precious thing is development time. Therefore, we must unite all forces that can be united instead of creating opponents for ourselves."
Zhang Yida will not abandon the other three shareholders under any circumstances, especially GoJek. The founder comes from a political family. In his previous life, GoPay became the largest mobile payment company in Indonesia.
For RPay, it requires the application scenarios of the three major Internet companies, the banking resources of Lippo Group, and local connections.
In short, everyone is an indispensable part.
"That was my negligence. Let Xiaochuan contact them first tomorrow!"
Li Wenzheng has been immersed in business for decades, and he understood the truth when he heard Zhang Yida's words.
As for Lippo Group setting up its own mobile payment company, he no longer has high hopes at this time.
Without him, with Ruixiang Group supporting RPay, their chances of winning are slim. The other party’s funds are no less than Lippo Group’s, and their technology and model are even more advanced.
In this case, fighting with RPay is purely thankless.
Li Wenzheng stayed with Zhang Yida at his home again and had lunch together.
The food is very rich. In addition to Southeast Asian specialty seafood, there are also many Chinese dishes.
After the guests and hosts had a good time, Li Chuan sent a car to take Zhang Yida to the collapsed hotel.
After seeing off Zhang Yida, Li Chuan came to Li Wenzheng's study, ready to listen to his grandfather's arrangements.
"Have you finished sending people off?" Li Wenzheng was immersed in writing calligraphy. When he saw his grandson entering the room, he raised his head and asked.
Li Chuan nodded and said, "It has been sent to the hotel."
Li Wenzheng spoke again: "What do you think of Zhang Yida?"
Li Chuan recalled his contact with Zhang Yida in the past few days. After a while, he commented: "He is good at integrating forces and has outstanding business capabilities. He is a good person."
Li Wenzheng put down the brush in his hand, wiped his hands with the towel next to him, and said: "Originally, I planned for Lippo Group to launch a mobile payment product on its own, but after meeting him, I changed my mind.
Investing in RPay may be more suitable than doing it ourselves.
I have studied the history of his career, and it took him less than three years to reach this point. He is indeed a talented person."
"In addition to investing in RPay, how much money will we invest in his industrial fund?"
Li Chuan also agreed with his grandfather's vision and asked about investment from industrial funds.
"$100 million!"
Li Chuan exclaimed: "So many?"
"Not too much, not too much. You see, other companies may invest more than us."
Li Wenzheng waved his hand. The more he studied Zhang Yida, the more frightened he became. He felt that Zhang Yida had been a godly helper over the years. Whether he was developing his own projects or investing in them, they all had one thing in common, and the success rate was extremely high.