"Senior Brother Yu! Even if Yida is so good at starting a business, I didn't expect that he is also very good at venture capital!"
Ma Dongmin, who had long hair and a high-end windbreaker, sat under the stage and chatted with Dongfang Yu who was sitting next to her.
"Yes," Dongfang Yu nodded, looking at the young Zhang Yida on the stage with a complicated expression, "I didn't expect that either! He grows up too fast.
When he came to me to raise funds, I invested him a million dollars for the sake of my alumni.
Thinking about it now, I was still not bold enough at the time!"
Ma Dongmin chuckled and said, "Why not Robin? No one could have expected that Huayi Capital could achieve such fruitful results in just over two years."
Zhang Yida stood on the stage, paying attention to the expressions of dozens of Huayi Capital Phase I LPs sitting in the audience. Everyone was happy when they heard the 240% annual return.
In China, it would be good for a general venture capital fund to make money, let alone an annual return rate of 240%.
After reporting the investment results, Zhang Yida added: "Except for Huimin Travel and Magnesium Group, other projects invested by the first-phase fund have been successfully exited.
Therefore, Huayi Capital decided to pay dividends!”
This is so good that many LPs can’t help but start calculating how much money they can get.
In their opinion, Huayi Capital's 50% commission is a bit high, but there are reasons for it.
The number of institutions in China that can produce such high returns can be counted on one hand.
Leading investment institutions like Blackshirt Capital and Gaoling Capital are not something ordinary retail investors can invest in with just $1 million.
The starting investment threshold is very high, starting from US$10 million!
And in many cases, they don’t accept retail investors’ funds, and they only seek cooperation from large institutions such as university endowment funds, pension funds, and insurance companies.
Therefore, retail investors can only watch others eat meat. The threshold for domestic small and medium-sized venture capital funds is much lower, but the rate of return is not guaranteed.
Zhang Yida handed over the subsequent dividend distribution work to the on-site Huayi Capital staff, who were responsible for handling various procedures for customers and handing over payments.
"Ms. Ma, Senior Brother Yu, I am a little busy at work today. Please forgive me for the poor reception."
Zhang Yida walked to Ma and Yu and greeted them with a smile.
"No, no," Dongfang Yu waved his hands repeatedly, "Seeing that Junior Brother Zhang's Huayi Capital has started and is so successful, as a senior brother, I am very proud of you."
Ma Dongmin smiled and said: "Mr. Zhang, you are out of sight now. You are Robin's junior brother, that is, my junior brother. Just call me Sister Min."
"Haha, okay! Sister Min, you can also call me Yida!"
Zhang Yida is still somewhat grateful to Dongfang Yu and Robin Li. In the early days of Huayi Capital, when it could not raise funds, Yu invested US$1 million and Li invested US$2 million.
Although the money was not much, it sent a promising signal to the outside world, which indirectly helped Huayi Capital complete the remaining fundraising.
Without these two people, I don’t know how long it would have taken for Huayi Capital to raise enough funds.
By the time enough is raised, Toutiao and Didi may have already been on the rocket, and it won’t be Huayi Capital’s turn to get a share of the pie.
Although more than two years ago, Zhang Yida felt that these two senior brothers were too stingy. Looking back afterwards, Zhang Yida found that they were actually very generous.
A junior fellow student whom I have never met comes to ask for investment. Should I give it or not? How much should I give?
Fortunately, Zhang Yida had just obtained the black shirt at that time, and Zhenke had invested 50 million U.S. dollars not long ago, so he was not an unlettered person. Otherwise, he probably wouldn't have invested even 1 million U.S. dollars in him.
"When will the fifth phase of Huayi Capital's fund be opened?" Ma Dongmin said with a smile: "Please let me know then."
"That's for sure!"
Ma Dongmin is also a very powerful woman. She was admitted to the Junior Class of the University of Science and Technology of China at the age of fifteen. She graduated from the undergraduate program at the age of nineteen and went to the United States to study for a doctorate.
It is said that at that time, she was known as the "princess" in the international student circle in New York. She met the "unremarkable" Robin Lee at an international student party, and then she quickly fell in love and got married.
The wedding was also very simple, with no bride price, no church, and no wedding banquet. It was as simple as finding a judge to certify it.
After that, the two returned to China, and she assisted Robin Li in founding Qiandu. After the company went public, it slowly faded away.
After 2012, she has been presiding over the work of the Robin Li family office. She is a very capable woman and has been eating Lao Li to death.
"By the way, do Zhonghe Group and Ruixiang Group have any financing plans in the near future? If so, our family hopes to take a share."
Ma Dongmin smiled slightly, as if he mentioned this matter accidentally.
Zhang Yida looked deeply at Ma Dongmin, what does this mean?
Instead of using Qiandu Company to invest in shares, use a family office to invest in shares. Is this a diversified investment to ensure the inheritance of family assets?
Qiandu has been in trouble since the Wei Zexi incident broke out in the first half of the year. It has been criticized by public opinion, its stock price has plummeted, and its revenue in the third quarter has experienced negative growth for the first time since it went public in 2005.
Zhang Yida guessed that the other party was arranging various countermeasures to prepare for a rainy day.
Even if Qiandu Future really dies, his family's assets have been diversified into a diversified investment layout to ensure a comfortable life for himself and the next generation.
"Yes! Investment is welcome!"
There is not much competition between Zhang Yida's industries and Qiandu, unless they want to do search business in the future and touch each other's core cheese.
"I'll join one too!"
Dongfang Yu has now seen Zhang Yida's investment vision and is very convinced of it.
He invested US$1 million in Zhang Yida and got back US$3.518 million with principal and interest in two and a half years.
Where can I find such a good thing? No wonder Xu Xiaoming also came to do venture capital. Relationships make money much faster than the miserable education and training industry.
"Okay, Senior Brother Yu has now begun to invest heavily."
Zhang Yida asked again: "I heard that you also invested in Senior Brother Li Bing's Azure Car?"
"Yes, there is such a thing!"
Dongfang Yu looked proud, "Yida, let me tell you, new energy vehicles are definitely the next trend, and Weilan has a great chance of becoming China's Tesla.
Do you want to pitch in too? I can talk to Li Bing."
Zhang Yida laughed and didn't answer. Li Bing approached him to invest more than once or twice. If he was optimistic about it, he would have invested long ago. How could he wait until now?
"Mr. Zhang, hello!"
A well-groomed middle-aged woman with short short hair came over.
After saying hello to Zhang Yida, she said hello to Dongfang Yu and Ma Dongmin.
After Yu and Ma returned the gift, they saw that Wang Jingbo had something to do with Zhang Yida, so they said goodbye and left.
Zhang Yida looked at Wang Jingbo, wondering what she wanted from him.
"Mr. Zhang, I'm really sorry for interrupting your chat."
Zhang Yida waved his hand, "It doesn't matter. Noah Wealth is also an important partner of our Huayi Capital. Mr. Wang doesn't need to be outside."
Strictly speaking, Noah Fortune is a direct competitor of Yimin Fortune, another company of Zhang Yida.
However, in addition to Yimin Wealth, the LPs of Huayi Capital Phase I also include Noah Wealth.
In addition, Blackshirt Capital is also an important shareholder of Noah Fortune.
The investment circle is sometimes so complicated, with competitors, partners, shareholders, and various relationships intertwined in it.
"Toutiao, Didi's two investment operations are so beautiful, and our investors at Noah Wealth also benefited from Huayi Capital."
Zhang Yida smiled and did not answer when he heard Wang Jingbo's praise.
Then, Wang Jingbo said in Sichuan dialect: "Come to think of it, Mr. Zhang and I are still fellow villagers!"
"Yes, thank you Mr. Wang for your continued support and care."
Wang Jingbo smiled and said: “It’s not about support, it’s actually a win-win situation for both parties.
If Huayi Capital starts its fifth round of fundraising, Noah Wealth will do its best to help raise funds."
Zhang Yida has almost figured out the other party’s intention. He sees the super high return on investment and wants to take advantage of Huayi Capital!
Wang Jingbo is also the chairman of a US-listed company, and Noah Wealth is the first independent wealth management institution listed in China.
The fact that the other party can lower his stature can also indirectly tell that domestic wealth management institutions are not having an easy time.
Good projects are always rare, and a wealth management company cannot help clients make money. No matter how extravagant your talk is, clients will not buy it.
"Mr. Wang, I understand what you mean. But I am also in a dilemma. Just now, Ms. Ma and Mr. Yu both made it clear that they want to be LPs of Huayi Capital's fifth fund.
But there are only so many fund shares, so it’s hard to divide them..."
Wang Jingbo's expression froze, but she quickly regained her composure, "We don't need a large share, a small portion is enough. In addition, all commissions on product sales can also be waived."
Zhang Yida thought for a moment and said: "Huayi Capital will set up a PE fund next to focus on domestic emerging industries and overseas mature markets.
Mr. Wang, are you interested in participating?"
Wang Jingbo shook his head, "Noah Wealth owns Gopher Assets, and this business has fixed partners."
She actually had something to say. Huayi Capital has indeed proven its vision and strength in the VC circle, but PE is a different market. Whether it can continue to maintain this record in the VC circle is hard to say!
"Yes, I understand!" Zhang Yida nodded and added: "Huayi Capital participated in the Pre-IPO round of investment of Yimin Wealth before its listing some time ago.
At present, the book returns are pretty good! So we want to build Huayi Capital into a comprehensive investment institution that spans the primary and secondary markets and covers early, mid- and late-stage investments.”
"Like Gao Ling?" Wang Jingbo was surprised at first, then smiled: "Mr. Zhang is really courageous!"
"At present, it will take a long time to build up this path."
Zhang Yida added, "Yimindai is about to conduct its last round of financing before going public. Is Gopher Asset interested in participating?"
Wang Jingbo asked doubtfully: "Mr. Zhang, are you willing? The mutual financial industry is so hot now, why don't you wait until it goes public?"
"Haha," Zhang Yida said with a look of helplessness, "I have brought together several international investment banks, so we all benefit from it! After all, it is their territory."
Wang Jingbo understands, this is an alliance of interests, this is how Yimin Internet Finance and Yimin Wealth operate.
Judging from the current stock prices, Pre-IPO investors of both companies have made a lot of money.
“How many shares will be released?”
Zhang Yida smiled and said: "It won't be too much, the bulk will have to go to those international investment banks."
"Okay, then we, Gopher Asset Management, will also participate."
Wang Jingbo is still very interested in Internet finance, because Noah itself is also developing related businesses and has launched its own Internet financial management platform.
They have also analyzed it internally countless times and believe that this is a trillion-level market.
After Wang Jingbo left, Lei Dongming came over and asked, "What are you talking about with that woman?"
"Talk about cooperation!"
Lei Dongming glanced at Zhang Yida, wondering what he was thinking.
"With management fees and commissions, Huayi Capital Fund I contributed a total profit of US$642 million. Look, is this money divided or something?"
Zhang Yida thought for a while and said, "Keep a small change and come up with the other 600 million US dollars to share!"
Lei Dongming was stunned. According to the equity ratio, he can get 200 million US dollars. Why does it feel like a dream?
Among Zhang Yida's partners, he is not the most valuable, but he can be regarded as the one who has distributed the most cash.
He felt that the most correct thing he had done in his life was to start a business with Zhang Yida.
After three years of hard work, he became a real billionaire in one fell swoop!