After Tokopedia invested US$80 million in Ruixiang, it subsequently conducted two rounds of financing. Ruixiang's shareholding ratio dropped from 10% to 7.13%.
Based on today's valuation of US$5 billion, this 7.13% stake is worth US$356.5 million, which is more than four times the value of the investment.
pak conducted a round of financing after Yimin Wangjin invested US$10 million, and Yimin Wangjin’s shareholding ratio dropped from 10% to 8.5%.
Calculated based on a valuation of 1 billion, the equity value of 8.5 points is US$85 million, which is an increase of 8.5 times compared to the investment.
Both companies are not small companies, and they need to do a lot of due diligence.
Zhang Yida simply asked Lan Lan to come over and keep an eye on him. He wanted to go back to China to find money.
I took a trip to Southeast Asia and spent billions of dollars, but there was no one left.
Of course it's not all cash, a lot of it is in stocks.
"Return to China? Now?"
Lin Zhenyang, who is promoting the implementation of mobile payment in Pakistan, Bangladesh, Nepal and other places, was stunned for a moment, and then asked Zhang Yida on the phone: "What happened? You are so anxious!"
Zhang Yida smiled and said, "It's not a big deal. I just want to promote the merger of Ruixiang and Zhonghe Group, and then start the countdown to listing!"
"Holy shit, are you serious?"
Lin Zhenyang was really surprised. Zhang Yida didn't mention the listing, and he almost forgot about it.
However, merging it with Zhonghe does not seem to have a particularly big additive effect.
"Of course I am serious. Pinduoduo's GMV in a single month has exceeded 40 billion, and it may only take one or two years to reach one trillion GMV in a year.
Pinduoduo and Xiaohongshu are fundamental to Ruixiang’s mobile payment and consumer credit businesses.
Ahri and Penguin are now suppressing us more and more severely. Ruixiang and Zhonghe should join forces and share funds and technology."
Lin Zhenyang smiled and said: "Zhonghe spends money so horribly, is he after Ruixiang's pocket?"
"Haha, I really can't hide it from you! However, Zhonghe has also begun to build its own business. The profit model of the three business lines of advertising, games, and live broadcast has been successfully implemented."
Lin Zhenyang didn't have much resistance to merging with Zhonghe. After all, he could be where he is today thanks to Zhang Yida's support.
He had once imagined the possibility of a merger, and there have been rumors, including from the outside world.
But as time passed, Zhang Yida remained unmoved and allowed others to speculate.
Since then, there has been no action, and everyone thought there would be no merger.
Just when everyone thought it was impossible, Zhang Yida brought up the merger again.
"I have no objection. If we merge, we can share resources, including some overseas businesses, and the investment layout can complement each other."
Zhang Yida felt very relieved to see Lin Zhenyang agreeing so readily.
Now the Zhonghe Group is almost broke, while local tycoon Rui Xiang still has more than 10 billion US dollars in cash on his account.
Moreover, Zhonghe Group is firing on all sides and at odds with major Internet companies, so its situation is much more difficult than that of Ruixiang.
At this time, Lin Zhenyang was willing to let Ruixiang and Zhonghe tie up, but it actually took a lot of courage.
If it were a selfish person, he might not agree to it, and would probably use the word "drag" to delay the merger until Zhonghe is profitable.
Lin Zhenyang's character is still very good, otherwise Zhang Yida would not ask him to start a business together.
After a few more words of caution, Zhang Yida hung up the phone.
This decision was very important, and he had to talk to Lin Zhenyang first.
After Lin Zhenyang's side is settled, the senior management team and shareholders will follow.
Zhenke Fund and Blackshirt Capital were the first investment institutions, and Zhang Yida was the first to communicate with them.
Zhang Yida made an appointment with Shen Beipeng and Xu Xiaoming at Ligong's home and told them this idea.
"Really? Do you want to... merge?"
Xu Xiaoming was so excited that he was a little incoherent.
Now that he has left all the currency circles behind, he feels that he is witnessing his own investment myth, and a unicorn with a valuation of more than 100 billion US dollars is emerging from its cocoon.
And it is very likely that it will surpass Leech Financial and Uber and become the world's most valuable unlisted company.
Xu Xiaoming and Zhenke Fund, as the first investors and investment institutions to discover Zhang Yida, will be famous at home and abroad.
He couldn't wait to welcome this moment. At that time, the media would definitely dig up the old scores between him and Dongfang Yu and start comparing the two of them.
When the time comes, step on Dongfang Yu as hard as I can!
When he thought of this, Xu Xiaoming felt as if he was in a daze.
Shen Beipeng's reaction was much better. Although he was a little shocked, he quickly calmed down.
"Why choose this time?"
Hearing Shen Beipeng's question, Xu Xiaoming also came out of his fantasy state. He was also very interested in Zhang Yida's sudden enlightenment.
He has mentioned it before: let Zhang Yida promote the merger of Ruixiang and Zhonghe!
But Zhang Yida didn't listen at all, and later he didn't bother to say anything.
"We can't spread our strength. The next battle with Ahri and Penguin has to be fought!"
Shen Beipeng nodded slightly, guessing that this was also the reason.
Since Penguin transferred its shares to SoftBank and exited, Ruixiang and Zhonghe have completely become the opposite of Penguin.
Coupled with the behemoth Ali, any entrepreneur in China will feel scared when faced with this situation.
"Is it going to be listed next?"
Zhang Yida felt that Shen Beipeng was really an old fox, so he glanced at the latter, who was looking at him with a smile on his face.
"Is it going to be listed again? This year?"
Xu Xiaoming asked with a smile. He felt that the surprises Zhang Yida brought to him today were simply bigger than the last!
Be sure to drink two cups later. I haven't been so happy for at least ten years.
“If it goes public, Ruixiang’s financial sector is mature, and the technology sector is still trying to catch up;
Zhonghe's e-commerce is still growing rapidly, the large entertainment sector has just begun, and short video advertising has not yet experienced a big explosion, and it will have to slow down."
The fire that had just been ignited in Xu Xiaoming's heart was extinguished by Zhang Yida's words.
The old man scratched his hair and wanted to persuade Zhang Yida to go public this year!
After thinking about it, he still didn't say anything. Zhang Yida has always been assertive and has not made mistakes in the decisions he made. It's better not to point fingers.
Shen Beipeng looked thoughtful, and after a long while he said: "It's not a big problem, Penguin also has its financial business included in the listing system."
“Can we use the influence of Musical.ly to develop Ruixiang’s financial technology business to EU countries? Or Latin America?
Let’s not think about the United States. Leech Financial Services Group wanted to acquire MoneyGram, but not only did it not succeed, it even paid a $30 million termination fee.”
Zhang Yida knew what Xu Xiaoping was talking about at the beginning of the year, and the Committee on Foreign Investment in the United States rejected the transaction in the third round of review.
After the deal was announced, about 20 organizations and institutions sent a letter to Stephen Nuchener, U.S. Treasury Secretary and Chairman of the Committee on Foreign Investment in the United States, opposing Leech Financial’s acquisition of MoneyGram.
They stated in their objection letter, "There is no doubt that if China is able to dominate the global payment market, it will use information, technology, intelligence and economic power to pose harm to the U.S. economy and national security."
Although Leech Financial has repeatedly stated that it will keep MoneyGram’s data infrastructure in the United States, and user information will be encrypted or stored in secure facilities in the United States.
But the Yankees did not accept this trick and dashed Lee Financial’s dream of a global mobile payment empire.
Zhang Yida thought for a while and replied: "The European Union and Latin America can give it a try, but don't have too much hope. There are many countries and the market is small."
"It's natural!" Xu Xiaoming chuckled, "Actually, I'm very satisfied now. If you build an empire worth 300 to 500 billion US dollars, I won't object."
Shen Beipeng found that Xu Xiaoming was very happy today and started talking about anything.
"Now that you've decided, let's do that third pole!"
Shen Beipeng smiled and said, "Let me remind you, that position is not easy to get. Qiandu wants to defend it, Mei Tuan, Didi, Goudong, Leech Golden Clothes, and Rice all want to grab it!"
"Tell them to let their horses come over!"
Xu Xiaoming clapped his hands and smiled, "Well said, you must have this kind of domineering attitude that you would rather have than me!"
In the evening, Zhang Yida asked the professional chef hired by his family to cook a large table of dishes and drank two cups with Xu Xiaoming.