Chapter five hundred and thirteenth 1000 trillion worth
Zhang Yida didn't know that his high profile had aroused the high vigilance of the two horses, and even launched a conspiracy against him.
Of course, it is unrealistic to continue to grow obscenely. With such a large body, it is impossible to hide it.
Just tell it openly and openly, I just want to be an enemy of Ahri and Penguin, and I want to compete with them for the market.
In doing so, while attracting the hatred of Ari and Penguin, it also attracted the attention of the whole people. It was no less than a super large-scale advertising campaign.
The merger of Tokopedia and pak in Indonesia is also in its final stages.
pak was valued at US$1 billion, and Tokopedia was valued at US$5 billion, and merged into a new e-commerce company Buy Together with a valuation of US$6 billion. The Chinese translation can be "buy together" or "pinduoduo".
pak was fully bought by Xinrui Xiang Group for "US$500 million in cash + US$500 million in stock".
Then, this company was incorporated into the main body of Buy Together by Xinruixiang Group, with Ruixiang occupying 16.67% of the latter's shares.
Tokopedia was originally held by Ruixiang Group with 7.13% of its shares. This shareholding dropped to 5.94% after being merged into Buy Together.
The sum of the two parts of equity only reaches 22.61%, which is still a short distance from the 51% holding line.
Ruixiang Group has also negotiated with the original shareholders of Tokopedia to issue an additional US$1.5 billion of Ruixiang shares in exchange for their 25% stake in Buy Together.
Then, Ruixiang Group joined forces with Xinxin Group and Lippo Group injected US$1.2 billion into Buy Together.
Among them, Ruixiang Group invested US$1 billion, and the other two groups each invested US$100 million, pushing Buy Together's valuation to US$1.2 billion.
Ruixiang paid a total of US$1.5 billion in cash, plus an additional US$2 billion in shares, becoming the controlling shareholder of Buy Together with a 53.56% stake.
Buy Together has also become the most valuable e-commerce unicorn in Southeast Asia with a valuation of US$7.2 billion, surpassing Lazada's valuation of US$4 billion.
Yimin Wangjin holds 8.5% of the shares of pak company. Through this transaction, it received US$42.5 million in cash, plus 2.1% of the equity of Ruixiang Group.
This part of the equity seems very small, reaching the 10,000th percentile. In fact, it is because Ruixiang’s valuation is too high, having reached 202 billion U.S. dollars. One ten thousandth of a percent is worth 20 million U.S. dollars.
The additional issuance of US$2 billion in equity is equivalent to diluting 1% of Rui's equity to all shareholders.
Zhang Yida's shareholding ratio in Ruixiang Group decreased slightly, from 47% to 46.53%.
After the transaction was completed, Buy Together held a grand press conference, announcing the birth of the new company and also disclosing a new round of financing.
"$1.2 billion in financing, $7.2 billion valuation!"
This breaking news shocked Indonesian reporters. If the news is true, this company will be the most valuable Internet company in Indonesia.
GoJek's valuation has not reached the US$10 billion level in its previous life, and it is still not comparable to "buy it together" now.
While the reporters felt proud, they also had an inexplicable emotion.
This emotion is just like when domestic netizens hear that "South African MIH is Penguin's major shareholder" and "SoftBank is Ahri's major shareholder", they are always a little unwilling.
But the reality is like this, there is nothing we can do about it.
Indonesian local venture capital and traditional entrepreneurs either cannot afford to invest or are not optimistic about it, so they can only let foreign capital get involved in these national Internet companies.
Zhang Yida and William Achima, CEOs of the two companies, jointly sponsored the press conference.
At the venue, a well-informed reporter asked: "I heard that Mr. Zhang is the richest man in Asia with a net worth of 1,000 trillion Indonesian rupiah, and Ruixiang Group is the eighth largest Internet company in the world with a valuation of 1.4 trillion Indonesian rupiah.
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From a college student to today's super rich and entrepreneurial hero, can you share your successful experience?"
A large group of reporters became uneasy. The main reason was that the two figures "1000 trillion" and "1400 trillion" were too astonishing.
Not to mention I have never seen so much money, I rarely hear about it.
Zhang Yida was also confused for a moment, am I that rich?
Then I thought of the RMB to Indonesian rupiah exchange rate of 1 to 2,000 before I realized. Isn’t 1,000 trillion Indonesian rupiah equivalent to 500 billion yuan?
He smiled and replied: "Actually, I don't have any special success experience. Persistence is a major creed in my life.
I have also encountered crises and setbacks, but I persisted."
The reporter's focus was suddenly shifted from the e-commerce company to Zhang Yida, while William and Achima laughed awkwardly on the sidelines.
After a long while, the reporter turned his attention back to today's business.
A reporter asked: "Mr. William, why did you sell the company to a foreign-funded enterprise?"
William's face suddenly darkened, "This is not selling the company, Ruixiang will be an important shareholder and partner of "Buy Together"."
"You said you're not selling the company, so why do you want to change the name?"
William explained: "Buy Together is called Pinduoduo in China, and it is a social e-commerce model..."
After explaining the principle of Pinduoduo, William added: "This is a great model. Merchants sell more goods and consumers can enjoy cheaper goods."
"Is this a group buying model?" a reporter asked.
"It can be understood this way, but it is not entirely correct."
After visiting and inspecting Pinduoduo, William also felt that this is a great model. If used well, it will become a powerful weapon for Pinduoduo to compete with other e-commerce companies in the future.
William answered a few reporters' questions, and it was Achima's turn as CEO again.
He introduced, "Buy Together will reach an important cooperation with Musical.ly next, and both parties will explore more possibilities in emerging businesses such as live streaming e-commerce and short video e-commerce."
Musical.ly is also a well-known application in Indonesia, and most young people use it.
But the reporter had basically never heard of short video e-commerce or live broadcast e-commerce, and asked again.
Akima recounted what she saw and heard in China again. When she heard that a Chinese live-streaming internet celebrity sold tens of billions of Indonesian rupiah products in one night through live-streaming, she exclaimed again.
Akima struck while the iron was hot and said: "Buy Together will create 100,000 jobs for Indonesia through this new business model, stimulate economic growth, and increase national tax revenue..."
Zhang Yida silently watched from the sidelines as William and Aqima took turns showing off. The two of them came to China to study for half a month during the company's merger due diligence period.
At this time, when I was talking about these things with reporters, new terms and new business models emerged one after another, which made a bunch of reporters stunned.
The press conference was a success and the reporters felt that the trip was worthwhile.
Not only did I meet the richest man in Asia with a net worth of 1,000 trillion, but I also heard about so many new business models.
The news about buying together naturally reached the ears of Lazada CEO Pang Lei and Sea Group CEO Li Xiaodong.
Pang Lei felt that Zhang Yida's ghost was still there. He had been against her since the days of Leech Golden Clothes, and now he had driven him to Southeast Asia.
Li Xiaodong was a little depressed. Ruixiang was originally a shareholder of Sea, but now it has become a competitor because of its e-commerce business.
It seems that Ruixiang must be kicked out of the ranks of shareholders.
When the news spread back to China, many people felt that Ruixiang was becoming more and more like a giant, and its international business was growing stronger.