The fact that Huimin Travel was sold to Didi was even more popular than the previous life of selling motorcycles and selling body parts to Magnesium Group.
In his previous life, Baimo Biqiu made the decision to sell himself out due to internal and external distress.
Externally, there is crazy money-burning competition from small yellow cars. Internally, there are many factors such as failure in internationalization, difficulty in making profits, debt pressure, deposit holes, and so on.
Huimin Mobility is different. It occupies more than 80% of the domestic shared bicycle market. It also has US$650 million in cash on its account, as well as Zhang Yida, the powerful founder of the company...
He had a good hand, but why did he sell the company out of nowhere?
The self-media people are puzzled and can only point to excessive free fees, bicycle depreciation, difficulty in making profits, etc.
For users, they don't care whether it is called "Huimin Bicycle" or "Didi Bicycle", as long as they can continue to ride for free.
But Chen Wei is not a good person, so how can he let users get what they want?
A few days after announcing the acquisition of Huimin Travel, it announced the acquisition of Hellobike again.
For a time, Didi was at its peak in the Internet industry.
Everyone is discussing, in this era of aging, who is most likely to take the third position on the Internet?
In the past, some people said that Ruixiang and Mei Tuan had a chance, but now most people have changed their minds and expressed that they think Didi has the best chance.
Zhang Yida followed the arrangements of the public relations team and declined all media interviews during this period, trying to downplay the possible adverse effects of selling the company.
Selling a company is common in Europe and the United States; but in our country, results are more important. Selling a company means that your business has failed.
In addition to Huimin Travel, Zhang Yida also has companies such as Ruixiang, Zhonghe Group, Pate Holdings Group, etc.
The employee morale and user confidence of these companies need to be maintained, so at the suggestion of the public relations team, Zhang Yida disclosed the details of the Huimin Travel transaction to the media.
"Cash out tens of billions at the age of 22, your peers are abandoning you"
"In two and a half years, he earned nearly 2 billion U.S. dollars"
"The most powerful post-95 generation, a history of starting from scratch"
…
Articles like this have exploded on the Internet, drawing people's attention to how much money Zhang Yida earns.
If you make 2 billion U.S. dollars and still fail to start a business, most of the bosses of listed companies will faint in the toilet.
The market value is not that high, let alone personal net worth or even cash.
Such a large equity transaction of Huimin Travel has attracted the attention of the whole people.
So don’t think about any tax avoidance operations. Zhang Yida took the initiative to pay 20% personal income tax to the relevant departments.
The amount of tax payable is equal to the equity transfer income minus the initial investment, minus reasonable expenses.
Reasonable expenses refer to the relevant taxes and fees paid in accordance with regulations when transferring equity, such as stamp duties, asset appraisal fees, intermediary service fees, etc.
The initial investment in Huimin Bicycle was more than 10 million yuan, so no matter how you calculate it, Zhang Yida's taxable income is more than 12.6 billion yuan.
In addition, charitable donations can be deducted from taxable income, but the proportion cannot exceed 30%.
In other words, if the donation exceeds 3.78 billion yuan, the taxable income will not be reduced or reduced.
Zhang Yida donated 1 billion yuan to the "Zhang Yida Charity Foundation" established by himself.
Therefore, the tax payable became 11.6 billion, and a personal income tax of 2.32 billion yuan was paid again.
The donation of 1 billion yuan and the tax payment of 2.32 billion yuan caused a great sensation on the Internet.
The sale of Huimin Travel was suppressed.
Not to mention donations, it is very rare for individuals to pay such high taxes.
Most of the domestic personal income taxes are contributed by the salaried class, while the rich avoid taxes by "taking one yuan as salary and relying on the company for all their living expenses."
Data released by the state in January showed that the country's personal tax revenue in 2016 was 1,008.9 billion yuan, a year-on-year increase of 17.1%. It was also the first time that my country's personal tax revenue exceeded the trillion mark.
The 2.32 billion yuan in personal income tax paid by Zhang Yida accounted for 0.23% of the country's total personal income tax last year.
Economist Ma Guangyuan once said that under my country's tax system, the personal income tax paid by the wealthy, who account for nearly half of the social wealth, is less than 10% of the total personal income tax, and 60% of the personal income tax is contributed by the struggling working class. of.
This has resulted in a bizarre tax structure with the poor as the main taxpayers.
Therefore, calls for reforming the tax system have become increasingly louder in recent years.
Therefore, the amount of tax paid by Zhang Yida is very conspicuous and easily arouses jealousy.
But Zhang Yida is not afraid of this. Is it wrong for me to pay taxes openly?
For the rich, the greatest patriotism is to pay taxes to the country. The more you pay, the more patriotic you are.
Rich people in the United States are more patriotic because they pay more taxes. Maybe many people are forced to do so, but they get used to it.
Americans have a proverb: "Only death and taxes are eternal in this world."
From this sentence, we can see how unforgettable paying taxes is in the hearts of Americans.
The IRS is known as "the most feared government department in the United States" and is even more powerful than the Department of Defense and the CIA.
Unlike the Chinese, who have almost no contact with the tax department. Personal income tax is almost withheld, and the tax department is actually invisible.
But in the United States, the tax department follows you everywhere, like snot on your body. It is no exaggeration to say that even drug trafficking in the United States has to pay taxes!
Under normal circumstances, drug dealers will not file tax returns.
But if they learn that they are going to be arrested, the first thing they think of is to pay taxes.
Because if you don't pay taxes, you will not only be sentenced to a criminal offense, but you will also be charged with tax evasion.
If you are convicted of tax evasion, I'm sorry, but you may really have nothing when you get out of jail.
…
Zhang Yida held a banquet at his home and entertained the Huimin Travel management team headed by Huang Xiaofeng.
"How can the handover with Didi end?" Zhang Yida asked.
"Soon, probably in two or three months!"
Huang Xiaofeng smiled and said, "We are not a technology company with advanced technologies. Didi does not need to tie us up."
"As for Didi, I'm afraid they wish we could leave early. Now we have a position, but we can't interfere in anything."
One executive complained, “Didi doesn’t trust us at all, and our daily task is to “teach students.”
Once the executives sent by Didi are taught this lesson, we should also be kicked out."
Huang Xiaofeng looked unhappy and said, "What are you talking about? Why do people trust you?"
Zhang Yida waved his hand to indicate that it was okay.
"I invite you all to come over today. Let's communicate as friends. There should be no distinction between superiors and subordinates.
Besides, I am not your superior now."
"Mr. Zhang, are Ruixiang or Zhonghe Group still recruiting people? Although we may not be familiar with the relevant business, we can start from a low level."
Zhang Yida nodded, "I know everyone's abilities, and today I just want to ask you about your next plans.
Whether you are willing to go out and start a business, you can join Ruixiang or Zhonghe Group, Ruixin Group, Yimin Internet Finance, Pate Holdings Group, etc."
Zhang Yida has been dealing with these executives for two and a half years, and he has a good idea of whether they are capable or not.
When it comes to talents, Zhang Yida can never have too many.
Didi doesn't need these people, it just happens to be received and digested by itself.
Among the eight executives present except Huang Xiaofeng, except for two who said they wanted to try starting a business, the others expressed their willingness to join other companies under Zhang Yida.
Some people are interested in Ruixiang, others are interested in Zhonghe Group, and all six people have expressed their respective intentions.
"Lao Huang, what about you? Now that you are a billionaire, do you also want to try your hand at starting a business?"
Zhang Yida turned to look at Huang Xiaofeng and asked with a smile.
Huang Xiaofeng owns 0.263% of the equity awarded to him by Huimin Travel for winning the bet, and 0.7% of the options.
When Huimin Travel was acquired, he and other employees of the company exercised their options in advance and converted them into equity.
This is also a favorable condition that Zhang Yida actively communicated with Didi and won for them, and it was worthwhile for them to accompany him to start his own business.
Take Huang Xiaofeng as an example. He bought a 0.7% stake in Huimin Travel for US$21 million and then sold it to Didi or other shareholders for a net profit of US$21 million.
The 0.263% stake he held was sold for US$15.78 million.
Adding up the two incomes, the pre-tax income reached 36.78 million U.S. dollars, and there was nearly 30 million U.S. dollars after tax, which would be more than 200 million U.S. dollars when converted into RMB.
Several other senior executives did not receive as much as Huang Xiaofeng, but they also received equity transfer payments ranging from several million to tens of millions of yuan.
Therefore, these executives are very willing to work with Zhang Yida because they all know that he is a kind boss.
Even the two executives who want to start a business said that angel investors would definitely consider Mr. Zhang first.
At that time, Zhang Yida laughed and scolded, "You are so beautiful. If you don't get some extraordinary results, I won't vote randomly."
Because I have never made a mistake in investing, my golden body cannot be broken."
That is to say, these executives go out to start a business. As long as the thing produced is decent, Zhang Yida will invest a sum of money.
Ahri, Penguin has this kind of culture, and Lei Jun also likes to support his little brothers.
Zhang Yida is definitely still willing to support his old subordinate. After all, he has been with him for nearly three years, and he understands his personality and abilities. The prerequisites for certain angel investment methods of "only investing in acquaintances" are basically met.
In addition to Huimin Travel, Zhang Yida's other companies have middle- and high-level executives resigning to start their own businesses. If the project is reasonable, he will invest in it.
He also wanted to see if he could copy Lei Jun's old path and create a "Zhang Yida system" in the venture capital market.
Needless to say, the possibility is quite high.
If Charles Zhang had figured out this trick back then, he would not have been depressed anymore.
Sohu has the reputation of the Huangpu Military Academy of the Internet. It has the founders of Youku.com, Gu Yongqiang, iQiyi founder and CEO Gong Yu, Miaopai, Xiaokaxiu, Yibo founder Han Kun, Ku6.com founder Li Shanyou, and Renren Chairman.
Chen Yizhou, Zhihu co-founder Huang Jixin and many other well-known entrepreneurs.
The more someone comes from a big factory, the higher the probability of success in starting a business.
First of all, the recruitment threshold is high, and secondly, I have established various connections in large factories and learned top skills in various industries.
If these things are used to start a business, they will naturally be more favored by investors.
"I have been a professional manager for 17 years. Maybe I will find a place to take half a year off and then consider the next step."
Zhang Yida patted him on the shoulder and said, "Thank you for your hard work!"
Huang Xiaofeng smiled, saying nothing.
Zhang Yida is used to being the hands-off shopkeeper. Except for the early stages of starting a business, Huang Xiaofeng is responsible for the follow-up and execution of most other matters.
There are 365 days in a year, and at least 300 of them work overtime until late at night.
Otherwise, in two and a half years, Huimin Travel would not have grown to its current scale.