When Zhang Yida was considering Lu Qi, all companies invested in Huimin Travel and each obtained their own benefits.
If a company travels forward with Huimin on its back, it may suffer billions of losses a year.
If everyone comes to smooth the damage, although everyone will be injured, the injury will be smaller.
"In addition, Yida, I have seen Doushi and Pinduoduo's equity structure. The former holds 80% of the shares and the latter is 61.1%.
However, your shares in Huimin Travel are diluted very well, with a shareholding ratio of only 29.78%.
If all three companies inject assets into mergers, your shareholding ratio in Zhonghe Group will decrease compared to Doushi and Pinduoduo.
If Pinduoduo and Doushi soar in the next one or two years, you will suffer a lot."
"Well, I understand."
Zhang Yida's mind is now floating far away, thinking about the various encounters and consequences of Xiaohuangche and Xiaochengche in his previous life.
If nothing unexpected happens, it will be difficult for Huimin to obtain a large investment of more than US$1 billion in the future.
It cannot be said that it is difficult, it should be said that it is basically hopeless.
Unless travel is profitable, it can enter a profitable state.
Otherwise, investors are not stupid. If you account for more than 80% of the market share, you can’t make a profit. Do you have to monopolize 100% to make a profit?
In order to achieve this, the project has entered the middle and late stages, and storytelling and concepts cannot fool investors.
Everyone is concerned about one point, that is, "profit".
If Huimin travel burns the last little money he has, he will be unable to obtain new financing for a long time, and he may have to fight with investment institutions.
In this case, investment institutions either sell old stocks and flee, or grit their teeth and continue to transfusion blood to Huimin Travel.
No matter which one it is, it will have an impact on Huimin’s travel. The former causes company turmoil, while the latter probably pulls Zhang Yida to give him blood transfusions.
However, Zhang Yida knew that Huimin's travel situation was much more optimistic than Xiao Huang and Xiao Cheng's situation in their previous life.
First of all, the market structure is not a battle between snipe and clams, and the fisherman of Harrow bicycles is squatting next to him;
Secondly, Huimin Travel has launched online car-hailing and diversion cooperation with other companies, including deposit and financial management, so the financial situation can be seen only;
Finally, the financial resources standing behind him are much stronger than those of Dai Wei and others.
However, with the two scoundrels of Harrow Bicycle and Xiaolan Bicycle blocking it, it will always hinder Huimin Bicycle's price increase.
"Actually, I have a way to get Zhonghe Group to gain control of Huimin Travel, and at the same time it will not cause your shareholding ratio to decrease in Zhonghe Group, but it can also increase your shareholding in Zhonghe Group."
Zhang Yida looked at Lu Qi and asked, "What you mean is to replace my equity in Huimin Travel with equity of Zhonghe Group."
"Yes, that's the way."
Zhang Yida frowned and said, "I'm afraid there is a view from the investment institutions and may not be able to convince them."
"If there is a way, what investors are most concerned about is when we travel to the public can make a profit.
As for whether to merge or not, they don’t care. Based on my contacts over the past few days, some investors still feel that the valuations of Doushi and Pinduoduo are high.
In their opinion, Doushi only has users but no revenue, and the future situation is hard to say.
If they try Dodo, they think it might be Jumei Youpin, and it’s amazing that it is Vipshop. It’s basically impossible to surpass Goudong and Taobao.”
Lu Qi helped him hold his glasses and said, "We are like this, Ruixiang, and even Zhonghe Group, Ruimin Financial Management, Yimindai, and Pet Holding Group, we all carry out paid cooperation with Huimin Travel.
As far as I know, the last three companies have no say due to poor traffic or small size. They are all paid cooperation with Huimin Travel honestly.
But Ruixiang, Doushi, and Pinduoduo are not paid, and at most they are diverted to Huimin travel."
"That's sure," said Zhang Yida, "Ruixiang, Doushi, and Pindodo's users are not inferior to those of people's travel, so their status is equal.
The number of users of several companies such as Ruimin Financial Management is only 18 million, which is incomparable.
It’s impossible to ask an APP with 10 million users to divert traffic to APP with 100 million users!”
Lu Qi nodded, "That's right, but we will suffer some losses later and give Huimin a sum of money. Are investors even more indifferent?
Each of our companies purchases a batch of free cycling cards and distributes them to members of their respective platforms as member rights to help Huimin travel expand revenue.
In addition, the Huimin Travel APP needs to be redesigned, and the traffic diversion page needs to be redirected, which will always have an impact on user conversion.
Isn’t that mini program becoming popular now?
We have developed mini programs such as Pindodo, Doushi, Ruixiang, Yimindai, Ruimin Financial Management, and Pet.com to achieve the Huimin Travel APP.
Giving most of the profits generated by these businesses to Huimin Travel is the greatest support."
Lu Qi paused and said, "In addition to these, Huimin Travel itself also explores profitable methods, such as increasing customer unit price, cycling frequency, etc.
We all do our best to see if we can make travel to the public profitable state.
If we can enter a profitable state, we will consider whether to install Zhonghe Group at that time.
If you can't enter a profitable state, you can only raise money and support it.
Ruixiang Hezhonghe Group is larger and can spend more money.
Anyway, my opinion is that Huimin travel has reached the mature season and we must try to enter a profitable state.
If you still can’t achieve profitability, either everyone will work together to maintain it, or... give up.
Of course, there is no real attempt yet, just planning the worst."
Zhang Yida didn't say anything. If shared bicycles were unable to make a profit for a long time, would he have to give up on it?
Probably not. Zhang Yida thought, at worst, I could learn the magnesium group and directly load the Huimin bicycle into Pinduoduo.
To scan the code to ride a bicycle, you must download the Pindodo software.
Once you download the Pindodo software, there are so many "9.9" and "19.9" and "19.9" that you don't believe you are not moved.
Moreover, there is a high overlap between shared bicycle users and Pindodo users. They are both young people who are busy with their lives, so they don’t pay much attention to the quality of life!
"Okay, you can contact the major shareholders! Zhonghe Group will merge to compete with Dodo and Doushi, and then inject my personal holdings in Huimin Travel."
Lu Qi nodded. Zhang Yida took the plan he proposed, which was undoubtedly the most perfect.
...
"Welcome to join!"
In the Ruimin Financial Management Conference Room, Zhang Yida shook hands with three executives of WeBank Tax Bank one by one.
Ruimin Financial Management acquired WeBank Tax Bank for a wholly-owned price of RMB 240 million.
Among them, 120 million yuan in cash was issued, and Ruimin Financial Management issued additional equity of 120 million yuan.
Zhao Yanhui, Geng Xinwei and Xu Wei obtained 0.7%, 0.525%, 0.175% of the shares, as well as 48 million, 36 million and 12 million cash respectively.
Zhang Yida's personal holdings in Ruimin Financial Management also decreased, from 64.8% to 63.66%;
Yimin.com’s shareholding ratio dropped to 9.82%, and Zhang Yida also indirectly held 4.67% of Ruimin Financial Management’s shares through Yimin.com.
Together, it also holds a total of 68.33% of Yimin Financial Management's shares.
Zhang Yida's senior executives attending the company said: "Ruimin Financial Management will upgrade its company brand to Ruixin Group and fully transform into the corporate credit field. Are everyone mentally prepared?"
An executive asked: "Mr. Zhang, our company's main business is P2P, and the company's valuation is also supported by P2P. How should the P2P business be handled in the future?"
Zhang Yida said: "The regulatory environment facing P2P business in China is becoming more and more complex, and we must be prepared for both.
Currently, we have three subsidiaries, Ruimin Financial Management, Xinglongdai, and Wezhong Tax Bank, covering three major businesses: P2P, supply chain finance, and tax bank platform.
From the business logic, Ruimin Financial Management absorbs funds, Xinglongdai conducts corporate borrowers to acquire customers, and WeBank Tax Bank provides risk control review.
There is no problem with this set of business logic, and it will not be shaken for the time being.
It just means that our focus of work is gradually shifting to the field of corporate credit reporting.
With the credit data of enterprises, there are too many things we can do. We can do loans by ourselves, export risk control services to the outside world, and help enterprises do marketing and connect with resources."
Fang Yuhan nodded and asked, "Mr. Zhang, you still need to give me some instructions on the specific work direction in the future."
"Set up a merger and acquisition department," said Zhang Yida, "including enterprise inquiry websites, SaaS software or financial cashier software.
There is only one purpose, covering as much enterprise as possible and collecting enterprise data.”
Fang Yuhan said, "Okay, I'll go down and start making arrangements."
“Is the funds still abundant?”
Fang Yuhan said with a smile: "More than half of the 100 million US dollars invested by Yimin.com, so there is no need to invest for the time being."
Then she sighed again, "Mr. Zhang, are we really going to shrink our P2P business next?
Now P2P is in full swing. If we let go now, we will completely give up the market to our peers.”
"In addition to cooperation with Huimin Bicycle, other marketing channels have begun to shrink and reduce marketing expenditures."
Fang Yuhan's face looked a little ugly and said, "The commercials we invested in the online drama last time were very effective. Did they stop afterwards?"
"Stop it all!" Zhang Yida waved his hand and said.
"Yes!" Although Fang Yuhan was a little helpless, he could only obey the command.
"Next I'll announce some personnel orders."
Zhang Yida disrupted the arrangements for three senior executives of WeBank Tax Bank. Former CRO Xu Wei was promoted to COO of Xinglong Loan, and former chairman Xu Yanhui was transferred to the group headquarters to serve as CTO.
The former CEO Geng Xinwei continued to serve as CEO of his subsidiary WeBank Tax Bank.
The three of them were very satisfied with Zhang Yida's arrangement and felt that they were valued.
After the meeting, Zhang Yida left Fang Yuhan alone.
Zhang Yida knew that she might have some ideas, so he comforted her: "I know that Ruimin Financial Management has developed to this day, and you have also made great efforts.
But we have to face the reality. The Internet finance industry is too chaotic now, especially on the C-end.
There are all kinds of people who run away, non-sucking, non-collecting. On the B side, because the threshold is high and the profit is low, few people are willing to do it.
So, this is our opportunity…”
Seeing that Zhang Yida was leaving behind him and explained so much to him, Fang Yuhan also wiped out the grievances in his heart.
"Mr. Zhang, don't worry! I will complete the tasks you assigned with quality and quantity."
Fang Yuhan felt a huge resentment in her heart, and she knew she had to endure it.
Seeing Yimin.com and Yimin Wealth have been listed, it will be either Yimindai or their Ruixin Group.
But then Zhang Yida poured her a basin of cold water, "If you go public, you can only arrange for Yimindai to go first, and their conditions in all aspects are ripe.
For Ruixin Group, Xinglongdai and WeBank are both too small to support a large scale even if they go public. Let’s wait!”
Fang Yuhan felt very aggrieved. If it weren't for more than ten years of work and had been beaten countless times in society, she would have almost cried at this moment.
Is there anyone bullying like this?
The profits are distributed to benefit the people's travel, and the asset side does not allow cash loans and consumer finance to make money, and to work on the most difficult corporate finance.
Now it is still facing business transformation and listing is delayed...
"Okay, I'll obey the arrangement!"
When he said this, Fang Yuhan felt indescribable sadness, and his lips were pursed tightly.
It’s really sad for those who hear it, and tears for those who see it!
Seeing this, Zhang Yida didn't say much and said intimately: You will understand my hard work in a few years. I have also found a sunny road for Ruixin Group.
Compared with consumer finance, it is full of positive energy to do corporate credit reporting, corporate loans, and serve the small and micro economy!