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Chapter 541: Steady

Rocket Girls 101's official Weibo issued a statement confirming that Meng Meiqi, Wu Xuanyi and Zhang Zining will return to the team, and the 11-member Rocket Girls group has been reunited.

Following the announcement, two entertainment agencies, Lehua and Mai Rui, issued statements, publicly apologizing to Rui Xiang, saying that they would respect the spirit of the contract and jointly abide by the signed contract.

The plot twist came so quickly. Yesterday, Ruixiang launched a lawsuit, and today the two entertainment agencies gave in.

Some fans still refused to let go and went to the official accounts of the two entertainment agencies to continue dissing each other.

Rocket Video is still calm here, and the fan meeting was held as normal on the 18th.

However, there were only 8 people, and the 3 people who returned later did not show up.

Some people speculate that Ruixiang is not planning to let go of the two companies.

Some fans complained about their idols and became victims of the struggle for capital.

Zhang Yida did not continue to pay attention to this matter. With so much work to deal with, he had no time to focus on these small things.

However, Lehua and Mai Rui have already been arranged. Ruixiang and Ruixiang's equity participation and investment companies, including content production companies, film and television investment companies, etc., will no longer cooperate with either Lehua or Mai Rui.

In other words, he has been on the blacklist of the entire Ruixiang system.

No matter whether it is a film or TV series or a spokesperson, they will not use their artists.

At present, the impact on Lehua and Mai Rui cannot be seen. As the content section of Ruixiang grows, the specific effects will slowly appear.



"Yida, I recently discovered a new economy company with great potential."

In the Huayi Capital office, Lei Dongming preached to Zhang Yida in high spirits.

"What company?"

Zhang Yida put down the report on his recent investment projects, picked up the cup on the coffee table, and took a sip of tea.

Lei Dongming gave up and pursed his lips at the cup on the table.

"Would you like tea?"

Zhang Yida pointed to the report on the table and said with a smile, "I saw it, it's an original cheese tea brand, okay.

The opportunities for Internet software innovation in China are very small. Next, we can adjust our investment direction to new consumer brands, hardware, medical and other fields. This step is a good one."

Lei Dongming shook his head, "That's not what I'm talking about. Have you ever heard of China Car Rental?"

Zhang Yida looked at him and said in surprise: "Did someone from Ruixing find you?"

Lei Dongming smiled and said, "Have you also heard about this little blue cup? It is developing very quickly and is comparable to Starbucks."

Of course Zhang Yida has heard of Xiaolanbei, which set a new pace for the listing of Chinese concept stocks. It only took 18 months from establishment to IPO.

Of course, the capital contribution in this process is not small. We spent money like crazy and opened more than 2,000 stores in a year and a half.

Then "Sign up to get a drink", "12% off coupons are flying everywhere", and the office building elevators are full of advertisements for Little Blue Cup.

This is a company that has been matured by capital!

On the other hand, this is also a national coffee, spending American money to treat Chinese people to drink coffee.

Although the taste is not particularly good, it is free and users will say "it tastes really good" after drinking it.

Luckin's loss figures are also extremely scary, and it should be that it is eager to expand.

This was Zhang Yida’s impression of Luckin in his previous life before October 2019.

Seeing Zhang Yida's thoughtful look, Lei Dongming asked: "You have good taste, what do you think of this company?"

Zhang Yida did not answer this question directly, but asked Lei Dongming about other things.

"As far as I know, Lu Zhengyao is connected with Lenovo, and Liu Dahai of Happy Capital is in the same circle?

How did you find Huayi Capital? Have you ever thought about this problem?"

Lei Dongming nodded, "That's true. The capital behind China Car Rental is just a few of them.

Liu Dahai introduced it to the person in charge. Didn’t he vote for BIM?

Later, it merged into Huimin, and I gradually established some friendship with him.

Sometimes, we introduce some projects to each other. This time, he introduced Ruixing here."

Lei Dongming thought for a while and then said: "As for why you came to us, you probably value your influence!"

Zhang Yida asked: "What about the valuation?"

Lei Dongming shook his head, "Without talking about valuation, Luckin just completed a US$200 million Series A financing last month and has already become a unicorn.

What Liu Dahai means is that he hopes we will join in the next round."

"Next round?"

Zhang Yida can’t remember the valuation of Ruixing’s Series B round, but he has the impression that the valuation is rolling upward with each round of financing, and is expected to be no less than US$2 billion.

The market capitalization after listing was more than 4 billion US dollars, and the stock price fluctuated around this value in the past six months, which was generally stable.

"A+ rounds are not open to investment?"

Lei Dongming shook his head, "Lu Zhengyao has some wealth, they solved the angel round by themselves, and the A round was allotted to people with close connections.

We are not related to him, and he definitely wants to digest the money from Series A to increase the valuation, and then put down a round of institutional investment."

Zhang Yida thought for a while and replied: "Many unicorns on the market are actually filled with water.

The essence of business is to make profits, and companies that cannot make profits are just beating the drum and passing on the flowers.

Whether Ruixing's expansion model can be sustained in the long term still depends on profitability.

If it cannot make a profit, let alone overthrow Starbucks, there is a question mark as to how far it can go."

Zhang Yida feels that the most criticized thing is Luckin's expansion speed, which is too aggressive.

Once subsidies are stopped, it’s really hard to say what level the repurchase rate will maintain.

Based on what we know, investing in Series B shares should still be profitable.

It will be listed in May next year, and the stock ban will be lifted in November. There will be a wave of cash out on the day of listing, and a wave of cash out after the ban is lifted.

There is nothing wrong with making a quick buck by operating short-term.

Earning twice as much a year is not bad.

Zhang Yida has witnessed this with his own eyes and can confirm it.

But after holding it for a long time, Zhang Yida felt that there was a question mark.

He couldn't predict whether it would turn a profit or collapse, but he felt the latter was more likely.

Even if it doesn't collapse, once it stops opening stores, there is no revenue growth, and the profit margin does not increase, it will return to its original shape.

Maybe, in 2020, the stock price will not be as high as in 2019!

"You can contact them and see the specific situation before talking about it."

Zhang Yida added, "But I want to remind you that the stock price trend may be very similar to that of Yimin Dai."

Lei Dongming was stunned for a moment, "No way, Yimindai rose sharply last year, but this year it has plummeted.

But this is affected by policies and industry regulation! I can’t figure out what policy would affect coffee, banning coffee drinking?”

Zhang Yida shook his head, "It's not the policy, it's that the company's style of play is too radical. It is likely that it made great progress in the early stage, but fell into trouble after suffering setbacks in the later stage."

Lei Dongming understood now and said: "Then it means just like Yimin Loan, start running after the ban is lifted?"

Zhang Yida nodded slightly, just do it like this, it's absolutely safe!


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