Following Ali, Ruixiang also completed its investment in China International Capital Corporation.
This company is often referred to as "CICC". It is called a securities firm in China and an investment bank abroad.
CICC is also a shareholder of Ruixiang. After Ruixiang completes the equity transaction, it will become a mutual shareholding.
This time, Ruixiang spent HK$3.2 billion to purchase a total of 200 million shares of CICC from foreign capital and the open market, accounting for 11.57% of its Hong Kong shares and 4.77% of its total issued shares.
After the transaction is completed, Ruixiang will become the fourth largest shareholder of CICC.
The largest shareholder of CICC is Central Huijin Investment Co., Ltd., holding 55.68% of the shares.
The second and third largest shareholders are Penguin and Ali, with shareholding ratios of 4.95% and 4.84% respectively.
Compared with the two of them, Ruixiang only holds a few million fewer shares.
CICC was established in 1995 and is the first Sino-foreign joint venture investment bank in mainland China. It was listed on the main board of the Hong Kong Stock Exchange on November 9, 2015.
Investment banking business is the "backbone" business of CICC, especially the overseas IPO underwriting business of large Chinese companies. Names that come up include China Telecom, PetroChina, Sinopec, PICC, China Life, etc.
Because they have a big tree behind them, Chinese companies often turn to CICC as an underwriter when they go public, and their revenue and net profit have been rising steadily.
Ruixiang's investment in CICC is not just because the company's financial level is stable and suitable for long-term investment.
It's more about building relationships with the government. In this regard, it's no different from Ahri and Penguin.
Originally, Zhang Yida wanted to buy more shares, at least more than 5%, but was dissuaded by CICC.
The current ranking of CICC shareholders is also very particular. Ruixiang is not as strong and can only be ranked behind Penguin and Ahri.
Zhang Yida didn't fight for those millions of shares. The fourth largest shareholder was the fourth largest shareholder, which was better than not even having the qualifications to become a shareholder.
The company's background was so impressive that Zhang Yida didn't dare to be a barbarian at the door, so he got angry with Central Huijin, the controlling party, in advance.
After the investment was completed, Ruixiang kept a relatively low profile and did not publicize the news much.
However, the media took note of the relevant news and launched a massive report.
Because it is very rare for ATR to invest in a company at the same time, or it should be the first case in the industry.
As for Qiandu, the financial sector is struggling to support Xiaoman Financial.
Not long after Goudong Finance changed its name to Goudong Digits, more focus was placed on technological exploration.
Singh from India also called Zhang Yida and announced that the shareholding reform had been officially completed.
BBPay received US$1.75 billion in Series A financing led by a consortium led by large U.S. investment banks, with a post-money valuation of US$8.75 billion.
Ruixiang and Yanhuang Investment did not participate in the investment, and the equity of one dropped to 32% and the other dropped to 14.73%.
BBPay has become a financial technology company controlled by Indians and participated by many foreign investors.
In addition to being interviewed by Indian government leaders as "the founder of India's second largest financial technology unicorn", Singh also started a lecture tour in various Indian universities to talk about entrepreneurship.
It is not that no one questions BBPay’s Chinese investment, but Singh is also very smart and directly pulled the founder of Paytm into the water.
Compared with holding shares, he is 4 points more than Vijay Shekhar Sharma, and India cannot be more Indian.
The more radical third brother has no choice. The two largest mobile e-wallets in the country are not affiliated with Chinese companies.
They can resist Chinese investment, but their lives will become very inconvenient.
The Indian government knows only a few details about the shareholding status of the founders of China's Ali and Penguin.
Therefore, we no longer make things difficult for BBPay, but instead bring all the benefits in line with Paytm.
…
"Mr. Zhang, the five founders of Big Bird Duoduo went to meet people from V Agency and returned to China. It is said that V Agency also extended an olive branch to them.
Also, people from Penguin are also in close contact with them and want to acquire this company."
Zhang Lan's face doesn't look good. Now the competition with Penguin is almost everywhere, and it's becoming more and more intense.
Zhang Yida thought for a while and said: "In this way, increase the acquisition offer to 300 million yuan. If they still refuse, let them go and stop serving me."
"Okay, then I'll go to Chengdu again."
…
When Zhang Lan came to Chengdu again, the five founders of Big Bird Duoduo acted even more arrogant than last time, and offered a sky-high acquisition price of 1 billion yuan.
Zhang Lan didn't even know how these young men got such loud voices, and they weren't afraid of flashing their tongues.
Of course, no agreement was reached in the end. The price gap was too big and no one was willing to give in.
Giant Bird Duoduo not only rejected Ruixiang, but also rejected Valve and Penguin.
And said on social media: The game will never be licensed to Penguin.
Zhang Lan also gave up completely. It was obvious that these were a group of young people with dreams.
Of course, it may be that I have received less beatings from society and that I am so confident.
Rejecting three major manufacturers, among other things, there is no one who can match me in terms of courage.
There are also people on the Internet who are cheering for Giant Bird Duoduo, thinking that this company has great integrity and has the "capital of a big company".
Due to the lack of big IP for MOBA games and the failure to acquire Giant Bird Duoduo, Ruixiang could only give up on Auto Chess, a newly popular game track.
If you really want to force yourself to launch a game project, there is a high probability that you will fail.
After thinking about it, Zhang Yida sighed, "Forget it, it's normal for the acquisition to fail. Don't worry too much about it."
Zhang Lan pursed her lips, "I really can't understand it. That's 300 million, and these young people in their twenties actually refused."
Zhang Yida smiled and said: "What a big deal, I didn't reject Ali's tens of billions acquisition back then.
If they succeed in the future, we will become a joke and short-sighted people in other people's mouth.
On the contrary, if they pounce, we are sharp-sighted and successfully avoid a loss.
However, whether it is a success or a failure, it is very limited and not worth taking too seriously.”
Zhang Lan shook his head and said with a smile: "I think it is difficult for them to succeed. They have inherent shortcomings. With good luck, they have made a hit game. I don't know how long it will be popular.
Before I succeeded, I felt a little dizzy."
Zhang Yida nodded and did not continue the topic.
"By the way, next you and I, Chen Rui, and Ma Jun will go to Southeast Asia together."
Zhang Lan asked: "Why are you going to Southeast Asia?"
"I plan to let Rocket Video and Bilibili go overseas and build a video website in Southeast Asia."
Zhang Lan feels that Mr. Zhang’s ambition is too great and he is simply aiming for the top spot in China’s Internet industry.
However, Southeast Asia is different from the domestic market. What kind of dramas do you like to watch, the target audience, and how to implement it all require a comprehensive investigation and the formulation of a detailed business plan.
"Is it possible? I think the steps are a bit big. The domestic market is not yet stable."
Zhang Yida explained, “Southeast Asia is deeply influenced by Chinese culture, and there is still some market for Chinese TV series and movies.
Besides, we don’t have to export Chinese dramas. We can also cooperate with local production companies.
Take Thai dramas as an example. Some people still like them in China. In addition to being broadcast in Thailand, they can also be purchased and imported into China.
In addition, Musical.ly is quite popular among young people in Southeast Asia and can also help video websites to divert traffic.
Coupled with games, online novels, and comics, the entire content ecosystem can be replicated in Southeast Asia.
Also, don’t forget Grab, which is the largest Internet company in Southeast Asia.
We can operate a joint venture with them and let them help us with user diversion."
Zhang Lan thought about it carefully, and it seems that it is really possible. At least there will be no shortage of traffic. The only thing missing is content.