Chapter 310 The former richest man wants to buy our company
“Establishing an Indian joint venture financial company?”
Lei Jun was silent and began to think about the gains and losses that Zhang Yida's proposal would bring to the Rice Group.
In the past two years, as the Internet financial market has become more and more popular, DaMi Group also officially entered the mutual financial field last year.
Compared with other large Internet companies, Rice did not start too early, but its layout was very fast. Putting aside foreign investment, its own financial business has been called "full bloom."
In May 2015, Rice Finance was officially launched, and subsequently launched financial products such as "current treasure", "term treasure", and "rice fund treasure";
In June, Yuzhou Rice Small Loan Co., Ltd. was established;
In September, the microfinance product Mi Loan began public testing and was only available to Mi mobile phone users.
At the beginning of this year, Dami acquired 65% of the shares of Jiefu Ruitong Co., Ltd. for 600 million yuan and obtained a third-party payment license;
Later, it acquired Beijing Hongyuan Insurance Brokerage Co., Ltd. and obtained an insurance brokerage license;
Some time ago, Rice launched its first insurance product "Dami Children's Insurance";
In addition, the product MiPay is being developed, the Internet equity crowdfunding platform Michi Financial Services, and Xingwang Bank, which has just been approved for establishment.
In just one year, DaMi Group has completed its financial layout in many subdivisions such as Internet financial management, loans, payments, insurance, crowdfunding, and banking.
Typical of accumulation and accumulation! At the same time, he is also a low-key player in the field of mutual funds.
Compared with high-profile peers such as Liqi Financial, Goudong Financial, and Ruixiang Jinke, Dami's financial sector has a very low presence, and many outsiders don't even know that Dami has these businesses.
Zhang Yida knew that Da Mi Finance was a man who made a fortune silently. In his previous life, he relied on pre-installed loan software on his mobile phone to become the largest financial player from China to India.
If Ruixiang can reach a cooperation with Rice Finance, it will save a lot of promotion efforts by relying on Rice's one-quarter market share of mobile phones in India.
But what benefits does cooperation with Ruixiang bring to the Rice Group?
Fintech talents? Risk control capabilities?
These are very urgent needs for small companies or traditional enterprises.
But for Rice Group, this is not a problem at all.
China's booming mutual financial market in recent years has cultivated a large number of financial technology talents.
As long as the Rice Group is willing to spend money, this is nothing to worry about.
It can be seen that there are not many benefits from the cooperation between Rice Group and Ruixiang. Instead, part of the benefits must be transferred, and part of the financial income created by Indian rice flour for Rice Group should be given to Ruixiang.
Lei Jun felt that it was a bit uneconomical, but he did not say anything. He said to Zhang Yida: "This needs to be considered in the long term. Rice has not yet established a foothold in India, and we have no idea of developing financial business in India for the time being.
On the contrary, Ruixiang, I heard that many unicorn companies have been invested in India!"
Lei Jun was not interested in the joint venture, and Zhang Yida understood it. After all, the Zhongguancun model workers were all focused on their mobile phones at the moment.
The matter of cooperative lending still needs to be slowed down. He will not slowly "awaken" until he sees the huge profits created by domestic rice finance.
In addition, Ruixiang's overseas investment layout needs to become broader and more solid in order to "attract" partners.
Cooperation is a combination of powerful forces. Compared with the user base laid by Rice in India, Ruixiang is still lagging behind for the time being.
It is expected that Rice "dislikes" Ruixiang now.
"Yes, Ruixiang has invested in several Internet companies in India, but the scale is not large. It is far inferior to large unicorns such as Flipkart and Sm."
Seeing that Lei Jun had changed the subject, Zhang Yida followed his words and talked about investing in India.
Lei Jun smiled. The three companies listed by Zhang Yida are the three largest unicorns in India. Their valuations are billions of dollars, and the return on investment is no longer high.
However, the valuations of the seven or eight Indian companies that Ruixiang has invested in are almost only a few hundred million US dollars, and the investment value-added potential is huge.
For example: hotel chain OYO, taxi-hailing platform Ola, food delivery platform Zomato...
These companies can see their billboards or online ride-hailing drivers and delivery people in the streets and alleys of India.
Lei Jun has been to India on several business trips and has seen this scene.
He judged that these companies might become the Ctrip, Didi and Magnesium Group of India.
In this way, Zhang Yida will make a lot of money. To be honest, Lei Jun still admires Zhang Yida's investment vision.
Because Lei Jun himself also likes to make angel investments, he is known as the "Professional Chairman" and has invested in a large number of successful projects such as UC Browser, Lakala, YY Joy Times, Cheetah Mobile, etc.
Nowadays, Lei Jun rarely makes personal angel investments, leaving them to Shunwei Capital, which holds 51% of his shares, to take care of them. But in fact, Lei Jun still makes the final decision.
Xu Dalai, founding partner of Shunwei Capital, once told the media: Lei Jun will attend every meeting of the Shunwei Investment Committee, and all projects must be viewed and decided in person.
It can be seen that Lei Jun is really addicted to investing.
"Huayi Capital is also very good. It has invested in Toutiao, Magnesium Group, and Didi."
"No." Zhang Yida smiled and waved his hand, "We have been resting on our laurels and haven't even harvested an IPO yet."
"Come on, Huayi Capital has been established for less than three years, right?"
"Well, more than two years and less than three years."
Lei Jun smiled and nodded, "This investment performance is already very good, and it has basically entered the ranks of domestic first-tier venture capital."
"Shunwei Capital would like to go abroad and invest abroad, but we have no way!"
Lei Jun spread his hands and said with a smile: "Yida, if you have any good investment projects in the future, you can cooperate with Shunwei Capital.
We don’t want to take a big share, we just need to take a small share.”
Zhang Yida nodded with a smile and agreed. He also wanted to have a better relationship with Lei Jun so that he could go to India to embrace rice in the future. This trivial matter was not a big deal.
"It's better for you to be in the Internet and high-tech industries, as your business has gone overseas."
Liu Yonghao shook his head and sighed, "We can only sell feed in China."
"Mr. Liu, you are kidding again."
Lei Jun said with a smile: "Xinwang Group established overseas factories in Vietnam in the 1990s, and a few years ago it also spent a lot of money to buy milk factories and ranches in Australia.
I heard that you have industries and investment plans in more than 30 overseas countries.
You are truly low-key!"
After being exposed by Lei Jun, Liu Yonghao laughed, "There's nothing we can do about it!
The modern agriculture and food industry is the pillar industry of our group. If we want to maintain our advantage in the fierce market competition, we can only continue to invest in upstream and downstream and industrial chain investments."
“Some time ago, we bought a pet food company and we sincerely love pets.
The Australian Real Pet Food Pany Company was established in Australia in 1994. It is the largest pet food company in Australia and the second largest pet food company in Australia and New Zealand. It is also the largest refrigerated pet food manufacturer in the world."
Speaking of this, Liu Yonghao looked at Zhang Yida and said with a smile: "Yida, now I am traveling with your father again!"
Lei Jun and Cao Shiru also laughed after hearing this. They have known each other for such a long time and basically understand Zhang Yida's family situation.
I know that their family used to make pig feed, but now they have switched to making dog food.
"The pet food industry has great potential! Mr. Liu made a good investment." Zhang Yida praised, showing a very relieved look, not at all unhappy about being in the same industry as Xinwang Group.
In fact, he had already received relevant information about Xinwang Group's entry into the pet market and was not too worried about it.
In the pet market, there are now two big players. The Xinwang Group in the industrial department has advantages such as production system, supply chain, and R&D system;
Gaoling Capital, which majored in finance, has the advantages of having funds and being good at integrating resources.
The former Xinwang Group has an industrial investment platform called Caogen Zhiben.
Caogen Zhiben has five major industrial sectors: dairy, cold chain, condiments, nutritional and health products, and pet food.
Last year, Grassroots Zhiben teamed up with SoftBank and other investment institutions to invest US$29 million in LeChong, a competitor of Pite.com.
The latter, Gaoling Capital, only started to vigorously develop the pet industry this year, and had previously invested in Pate.com.
Since the beginning of this year, we have successively invested in more than a dozen companies in the pet market at home and abroad, and they are coming aggressively.
Compared with the Xinwang Group, what Zhang Yida is more afraid of is the latter's Gaoling Group.
It's clear that they have to buy, buy, buy, and then integrate into a giant company in the pet market.
The emergence of this kind of company will cause a kind of market squeeze, whether it is for your own Pate.com or your father's Dogfud.
"The pet market is growing rapidly. According to the "2016 China Pet Industry White Paper", the scale of China's pet industry will reach 134 billion yuan in 2017, and it is expected to maintain a high growth rate of 30.9% on average until 2020."
Liu Yonghao turned his head and looked at Zhang Yida with a smile, "Yida, after hearing these numbers, do you have any ideas?"
"The market is too big, and Petnet and Dogford cannot eat it all. We just need to maintain the current business growth rate."
Liu Yonghao did not believe that Zhang Yida had no idea about the huge market in the pet industry, and continued: "In the domestic pet market, pet food accounts for 34%.
However, this market, which is tens of billions and may reach hundreds of billions in the next few years, has never produced a leading domestic brand.
The pet food market is mainly divided up by foreign giants such as Max and Nestlé, and the A-share listed Petty and China Pet Food are also export-oriented and mainly OEM processing, so they have no brand competitiveness."
"Yida, your Dogford has been developing well in the past two years, especially relying on your Internet industry to develop the online sales sector."
Zhang Yida shook his head and laughed, "The market share is very small. We barely occupy 1% of the nearly 50 billion pet food market. We are not mainstream at all."
Liu Yonghao nodded, this was similar to the data he knew.
“Let’s be honest! Currently, the pet market lacks a leading domestic brand company.
I really want Caogen Zhiben to rely on this trend and the market’s dividend period to integrate the group’s global resources and create a brand with a dominant market position.”
After hearing Liu Yonghao's heroic words, Lei Jun and Cao Shiru both expressed their sincere admiration and support.
Zhang Yida also echoed: "With the strength accumulated by Xinwang Group for many years, the probability of this thing being done is very high."
"Yida, I would like to ask, have you ever thought about selling the two companies Pate.com and Dogfud?"
Things are changing. Zhang Yida, who has been buying companies recently, has also been "acquired" by Liu Yonghao, the former richest man who is not short of money.