Chen Bingyao was dressed in formal attire and chatted cordially with the heads of Chinese chaebols from Malaysia, Singapore, Indonesia and other places who came to attend the conference.
He couldn't hide the joy on his face. Through this merger and acquisition, his social influence and reputation have reached a new level.
As a third-generation rich man, the automobile empire built by his father's generation has a market value of only a few billion Hong Kong dollars.
And he has now successfully surpassed his father's generation and removed the label of the third generation of rich people.
When people mention him, they will no longer say "the successor of Tan Chong International Group" or "the youngest son of Tan Xingzhou", but "the founder and chairman of the board of directors of Gray Wave", "the founder of the largest Internet empire in Southeast Asia"...
Chen Wei was holding red wine, and Zhang Yida was watching all this.
"Okay, just keep quiet and use a big move in Southeast Asia."
Chen Wei teased Zhang Yida. Didi is also an important shareholder of Grab, so he also came from China to attend this thank-you reception.
It's said to be a thank-you reception, but it's actually a network integration.
There are venture capital and shareholders behind Grab, GoJek and RPay, and there are also a group of local snakes in Southeast Asia behind the purchase.
Let’s all meet together, get to know each other, and reach a certain tacit understanding to protect Grab’s future expansion.
Zhang Yida smiled and said, "What a big move, a temporary lead is nothing.
Just watch, Ahri, Penguin will definitely take action."
Chen Wei shook his head and said with a smile: "No. 1 in the field of transportation and e-wallets, but not far behind in e-commerce. We are evenly matched with Lazada and Shopee.
However, with the help of two other products, it shouldn’t be too difficult to strangle the other two e-commerce companies.
Of course, if Ahri and Penguin are willing to continue burning money, it may become a tug of war."
"E-commerce in Southeast Asia is far from mature, so continued investment is inevitable."
Chen Weixian glanced at Zhang Yida, "So you just stuffed the whole deal in and let SoftBank take advantage of you."
Zhang Yida laughed and said, "You are going too far when you say that. Mr. Sun Zhengyi likes money-burning industries the most, because it means a huge market and high return ratio!
Otherwise, do you think he will vote for Didi?"
After being retorted by Zhang Yida, Chen Wei stopped talking.
Because Didi was involved in the stewardess case not long ago, there was a lot of condemnation in society.
In order to make the public sympathize with Didi, Didi announced its financial report: it has been operating for 6 years and has never made a profit, with a cumulative loss of more than 40 billion yuan!
However, the public did not sympathize with Didi at all, and those who deserved to be scolded were still scolded.
In addition, some people question, if the commission is so high, why are you still losing money? Who is being fooled?
“Grab is valued at US$10 billion, GoJek is valued at US$5 billion, Together is valued at US$7.2 billion, RPay is valued at US$2 billion, and GrabPay is valued at US$5 billion.
Coupled with the US$800 million invested by Ruixiang, the new Grab valuation is US$30 billion!”
Chen Wei sighed, "We are almost catching up with Didi! If we don't work hard, we may be surpassed by Grab in two years."
He looked at Zhang Yida and asked: "Looking at the shareholding structure, Ruixiang holds 40% of the shares of the new Grab Group. You guys really made a lot of money this time.
Is there an initial investment of US$2 billion?”
Zhang Yida shook his head and laughed, "You are overthinking it. Not only is it only US$2 billion, but the last time we bought Ruixiang together, we issued an additional US$2 billion of Ruixiang stock.
Including investments in four other companies over the years, US$4 billion is indispensable.
In addition, it also conducted a US$3 billion share exchange with SoftBank, exchanging 10% of the shares of the new Grab Group in the form of an additional US$3 billion of Ruixiang shares.
Coupled with the US$800 million in this round of financing, the total investment is at least US$8 billion.”
Chen Wei nodded in praise, "That's not bad, a huge profit of 4 billion U.S. dollars! Although it's still a bit of paper wealth."
Zhang Yida smiled and said nothing. The total investment in Ruixiang was about US$7.5 billion, of which US$5 billion was in stocks and the other US$2.5 billion was in cash.
Moreover, these 5 billion U.S. dollars of stocks were all issued by Ruixiang after reaching a valuation of 200 billion U.S. dollars.
The reason for doing this is that on the one hand, the cash on hand is limited and it is impossible to invest too much in the Southeast Asian market.
On the other hand, it also diversifies some of Ruixiang's business risks and leaves a way out for Grab.
A US$3 billion equity exchange with SoftBank is even more interesting. Zhang Yida intends to increase SoftBank's shareholding ratio in Ruixiang and wants to have deeper cooperation with SoftBank.
After completing the relevant transactions, SoftBank still has five or six shares in Grab Group, making it the second largest shareholder after Ruixiang.
Masayoshi Son is indeed very generous. He invested nearly US$3 billion in Grab alone. Before the merger, he held nearly half of the original Grab shares.
Zhang Yida and Chen Wei were chatting awkwardly here, and Chen Bingyao got away from the others and walked up to them with red wine.
"Congratulations, Anthony, the head of a US$30 billion Internet empire."
Chen Wei took the lead in greeting Chen Bingyao, whose English name was Anthony.
"Will, you're just teasing me now, but you can't compare to you and YiDa."
Chen Wei and Zhang Yida are both relatively vulgar. One's English name is Wei Wei and the other's is Yida.
Originally, the word "YiDa" did not exist in English, but it was created by Zhang Yida and included in "Wikipedia".
Just like Bruce Lee coined the word "Kung Fu", Zhang Yida also set a precedent.
He doesn't like to be given names like "Jay" because he always feels uncomfortable, so "YiDa" is more comfortable.
The Wikipedia introduction is roughly like this: YiDa Zhang, a Chinese, the world's youngest billionaire, started his business at the age of 18 and has owned more than 10 unicorn companies.
The Ruixiang Group he founded has a valuation of more than 200 billion U.S. dollars. It is the only company besides Apple to have hundreds of millions of active users in both the East and the West.
YiDa is passionate about animal protection, charity, education, and is also an envoy to promote the spread of Eastern and Western cultures...
"Don't belittle yourself, with US$30 billion, it is also one of the top ten Internet companies in China."
Zhang Yida looked at the high-spirited Chen Bingyao and encouraged him.
He looked around again, "Why don't you see Makarim? Where are the others?"
Chen Bingyao looked around the crowd and couldn't find Makarim, so he took out his mobile phone and called the latter.
After asking a few questions on the phone, he hung up the phone and said: "He is chatting with a group of Indonesian officials and will come over in a moment."
Zhang Yida smiled and said: "You two have a very harmonious relationship now, have you let it go?"
Chen Bingyao shrugged, "It's just like you said, it's just a dispute of temper. There's nothing you can't let go of."
"That's good, let's work together to make the company bigger and stronger!"
Zhang Yida was originally worried that Chen Bingyao would not be able to save face, or that his relationship with Makarim would become tense.
Looking at it now, in the face of interests, everything is not a problem.
But Zhang Yida thought of a new question: With less benefits, will the motivation for struggle be insufficient?
Chen Bingyao, the chairman, holds 1.8% of the shares, and Makarim, as the CEO, holds 1.05% of the shares. It is not an exaggeration to call him a "high-level wage earner". They all work for capital.
It seems necessary to arrange a long-term equity incentive plan.