A passenger plane flying from Beijing to Singapore took off from the runway.
Zhang Yida was resting his mind with his eyes closed. Lei Dongming, who was sitting next to him, slapped him awake and said, "The plane has taken off, now it's time to tell me the amount of funds raised!"
"Not counting Ruixiang, Temasek, Black Shirt, Zhenge, and you Huayi, 12 Chinese chaebols in Southeast Asia contributed US$900 million."
"Damn it!" Lei Dongming couldn't help but cursed, "As expected of a family that has been passed down for generations, they are really rich."
Lei Dongming added: "However, the most powerful one is you, who "fooled" 900 million from these traditional manufacturing families."
“It’s not that I’m great, it’s Ruixiang who has proven his investment vision and performance with practical actions.”
"How much does it cost to invest in Huayi?" Zhang Yida is most concerned about this question.
Lei Dongming gestured with one finger, thought for a while, and added another finger.
"2 billion?" Zhang Yida nodded, "Okay, I'm committed to your friend."
"You're so beautiful." Lei Dongming said angrily, "For US$200 million, you have to be steady. Huayi has never had a DPI cash return rate, so we are counting on you to create some miracles for us."
"That's so fast." Zhang Yida sighed, "As a venture capital investor, it's normal not to make money in three to five years. Especially recently, there is too much hot money in the market, and the relationship between supply and demand is unbalanced.
There is a lot of money and few good projects, so many unicorns are just beautiful bubbles.
You see, in three or four years, everyone will have to pay for everything we do today."
"It's not that exaggerated, right?" Lei Dongming didn't believe it, and said: "So, Ruixiang and Huimin Travel are also beautiful bubbles?"
"Ruixiang's valuation is seriously underestimated." Zhang Yida only commented on Ruixiang and did not mention Huimin Travel.
"Do you think Huimin Travel is a bubble?" Lei Dongming asked in a low voice. After asking, he looked left and right to make sure no one was eavesdropping.
"Yeah!" Zhang Yida snorted softly.
"Don't say this out loud," Lei Dongming reminded kindly, "Anyone can say this, but you can't. Especially since you are the inventor and initiator of the "sharing economy."
"Who is so wicked as to slap such a big label on me?" Zhang Yida simply couldn't imagine the accusations he might face after the bubble bursts.
"Hey, how will I survive from now on?"
Lei Dongming thought Zhang Yida was showing off again, and said, "Come on, stop acting. You are now the inventor of the sharing economy. Do you know how famous this has brought you?"
And this kind of fame also feeds back to the company under your name.
Think about it for yourself, how much promotion fees have you saved? Okay, you got the advantage and behaved well."
Zhang Yida thinks about it, the fame that Ruixiang has brought to him is not as good as that of Huimin Bicycle.
After becoming famous, I have indeed saved a lot of promotion fees. Among other things, the investors of Yimin Financial Management and Ruimin Financial Management are very confident about themselves.
In their words: Anyone can run away, except Zhang Yida.
He dared to run away, so I went to the street to take his shared bicycle home to pay off his debt.
Listen to these simple words. Anyway, Zhang Yida felt warm in his heart when he heard them. These words are not rude, they are support and affirmation for Zhang Yida inside and out.
In investor questionnaires, the safety levels of Ruimin and Yimin Financial Management have also been ranked among the top five.
"I'm a little worried that I won't be able to complete the Huimin Bicycle bet."
Lei Dongming was stunned for a moment, and then asked: "What's going on?"
"It's not like Ahri and Didi have been wreaking havoc. Riding in first- and second-tier cities is basically free, and it's difficult to balance revenue."
Lei Dongming asked again: "What about the 80% market share?"
"It's still a little bit worse. According to statistics, the current market share is 73.68%. The stock of shared bicycles is about 9.5 million. We have 7 million."
Zhang Yida suddenly became worried. It is really difficult to do a good job in sharing bicycles. He is now in a difficult situation.
However, the most important thing about shared bicycles is the traffic entrance. Its own monetization ability is a bit poor. It needs giants to give it blood transfusions and provide a large ecological environment for monetization.
"Is the 80% market share agreed upon at that time based on the number of bicycles or orders?"
Lei Dongming smiled and said, "We are just a small shareholder. It's been half a year, and I almost forgot about it."
“If the number of bicycles or orders reaches 80%, the bet will be completed.”
Zhang Yida looked worried, "The number of bicycles accounts for a bit higher, 73.68%. There is no statistics on the number of orders, but considering that some of our bicycles are located in third- and fourth-tier cities, our average order has been lowered.
Although there are no statistics on the specific data, I guess it must be lower than 70%."
"Let me help you calculate it!" Lei Dongming, who studied mathematics, quickly helped Zhang Yida calculate the result.
"On the premise that other players do not increase the number of bicycles, you need to put in another 3 million bicycles.
The stock of 7 million plus the increase of 3 million adds up to 10 million. If divided by the increase of 3 million, the total amount is 12.5 million, which is exactly 80%."
Zhang Yida rubbed his temples and said, "Three million vehicles is 3 billion yuan. The money on the account is less than 10% of this amount."
"Holy shit, 1.5 billion U.S. dollars, nearly 10 billion yuan, just spent like this?"
Lei Dongming's voice was very low, and his expression was extremely exciting. He sighed: "It's too expensive. I'm asking people all over the country to ride!"
“Another US$1 billion in financing should be able to end China’s shared bike war.”
Lei Dongming shook his head disapprovingly, "Generally speaking, the industry is afraid to touch shared bicycles now. Your generous investment of US$1.5 billion has really scared them away."
Zhang Yida took a long breath. This can be regarded as one of the benefits of burning more than 10 billion. The situation of shared bicycles is much better than the "red and yellow competition" in the previous life.
Giants like Ali don’t dare to invest more than 10 billion to fight Huimin Bicycle in an “unpredictable” shared bicycle battle.
Ari will not act rashly until the situation of shared bicycles is reversed or until greater business prospects emerge.
Of course, these are Zhang Yida's guesses. If Jack Ma wants to deal with him severely, it is not impossible for him to pay more than 10 billion.
The key is whether it’s worth it, and how high will the reward be if you win?
"Let me do the math for you."
Lei Dongming opened the calculator and muttered in a low voice: "You raised US$2.6 million yourself, Angel Huayi Capital invested US$2.5 million, Series A is US$50 million, Series A+ is US$125 million, Series B is US$300 million...
I’ll give you a fraction of that $100,000, and we raised a total of $1.98 billion..."
Lei Dongming was a little frightened when he calculated this result. He wanted to ask Zhang Yida where the money went?
"There is only US$980 million in equity financing, and there is still US$1 billion in debt financing, which needs to be repaid."
Lei Dongming reminded in a low voice, and secretly observed Zhang Yida's expression. Seeing that his expression was as normal, he secretly admired him. He had the demeanor of a big boss, and he didn't even blink an eye with a debt of US$1 billion.
Zhang Yida recalled the financing process of Xiaohuangche and Baimo in his previous life. Each raised more than one billion US dollars in equity and debt financing, paid off suppliers, and then used users' deposits.
Huimin Bicycle has not touched users’ deposits, nor has it defaulted on payments to suppliers, so financing can be spent much faster.
In addition, Huimin Bicycle added a Green shared electric scooter, which also consumed a part of Huimin Travel Group’s cash, but most of the money was still spent on Huimin Bicycle in China.
"Okay, let's not talk about this anymore."
The topic is quite heavy, and Zhang Yida is in a heavy mood, so he doesn’t want to continue this topic.
"Otherwise, let Ruixiang Industrial Fund buy another Huimin Bicycle."
Lei Dongming thought for a while and then suggested, "In addition, spin off Green and raise funds separately.
I heard that many Silicon Valley tycoons are interested in Green, but they are wary of China’s Huimin Bicycle and Huimin Travel Group’s multi-billion dollar valuation.”
“If this is the case, their request is to split Green, with Huimin Travel Group as the holding company.
Green and Huimin Bicycle are financially independent, and Green has independent financing and will be independently listed in the future."
After hearing this, Lei Dongming said with a serious face: "I think this suggestion should be adopted. At present, Green is not only unable to form blood, but the loss will also drag down Huimin Bicycle.
Huimin Bicycle's losses are already severe enough, but with Green as a dragster, it's even worse."
"I will seriously consider it."
Zhang Yida asked again: "Are you serious about letting Ruixiang invest in industrial funds? Don't you hate insider trading the most?"
"How can this be considered insider trading?" Lei Dongming said with a smile, "Huimin Bicycle depends on its size and traffic. It is still a very good project. The losses can be ignored for now.
After all, the market has yet to determine the outcome, and it is unrealistic to consider profits.
If Ruixiang Industrial Fund invests, it is best to find a few more investors, so that it looks at least more open and transparent."
"You have quite a lot of crooked ideas!" Zhang Yida thought for a while and realized that Lei Dongming's method was really feasible. If nothing else, let's finish the bet first.
"Why did I get my idea wrong again?" Lei Dongming spread his hands and looked innocent.
"Okay, okay, thank you for your suggestion." Zhang Yida's thanks were sincere. After all, Lei Dongming's suggestions were really based on safeguarding his own interests.
"You should do more work as an investor!" Lei Dongming winked at him, "You are so capable of deceiving. Whether you can pass the test smoothly this time depends on you."
"I'm not stupid, so I can't be as easy to fool as you say."
Zhang Yida was really persuaded. Now that the shared bicycle bubble has not been burst, he should still be able to successfully deceive investors.
"Melt less!"
Lei Dongming was also afraid of the gold-eating monster of shared bicycles. He patted Zhang Yida on the shoulder and said:
"Enough is enough. If it's less, even if the shared bicycle fails, the other projects of the industrial fund can still make some money, and the return rate of the industrial fund will not be so ugly.
It looks pretty good to everyone!”
"You're absolutely right."
Zhang Yida thought for a while and then said: "Perhaps we should adjust the cost of bicycles. 1,000 yuan per bicycle is unaffordable."
"Don't let the quality drop too much. Don't lose the reputation you've built so hard."
Lei Dongming looked at Zhang Yida with a complicated look. With such a hot potato in his hand, it was hard to say what the outcome would be in the future!