Zhang Yida smiled and said, "Mr. Yahui is obsessed with finance now."
"Why do you say that?"
Cao Lu had been staying in Africa for a long time and didn't know much about the situation in the country, so he couldn't help but ask a question.
Shen Beipeng smiled at Cao Lu, "Let me explain it to you, because Zhou Yahui made at least this amount by investing in Miaofeng."
Cao Lu looked at Shen Beipeng's two fingers. He wanted to say 200 million, but he thought it was a bit small, so he changed it to 2 billion.
"Yes, I made at least 2 billion yuan!"
Shen Beipeng chuckled, "Currently, Zhou Yahui has cleared out all the Miao installments, and there is not a single share left."
Looking at Cao Lu who was a little surprised, Shen Beipeng said with a smile: "This number seems like a lot, but when the market value of Miaofen Phase reached a maximum of 12 billion US dollars, do you know what the book return of Kunlun Wanwei was at that time?"
Reeves stopped speaking, and several other executives were also attracted. Everyone focused on Shen Beipeng.
Shen Beipeng glanced at Zhang Yida, wondering if it was appropriate to talk here.
Zhang Yida said with a smile: "Let's talk about it and let our company's management know about our opponents."
Shen Beipeng switched to English and briefly introduced the process of Kunlun Wanwei Investment's wonderful installments to several African executives.
“Back then, Kunlun Wanwei invested a total of US$70 to 80 million in Miaofen. During the peak stock price period after Miaofen was listed, the book return was once as high as 12 billion yuan.
However, due to financial regulation later, mutual finance and Chinese concept stocks plummeted. Although Kunlun Wanwei has been continuously reducing its holdings in Miaofen, in the end, it only achieved a return of 2 billion.
There's no way to compare with us! Yida, are you right?"
Zhang Yida nodded lightly, "That's right. We invested 8 million yuan and exited before Miaofen was listed, cashing out 2.12 billion."
Xu Xiaoming, who had been silent, said quietly, "Yes, 265 times return. I don't think it's just investors, even Lu Min doesn't earn as much as you."
Zhang Yida laughed and said, "I like Phantom very much. Thank you Teacher Xu for the gift."
Xu Xiaoming is not a stingy person just because he lost a Phantom in a bet. He said generously: "As long as you like it, invest in another project with a return of two to three hundred times, and I will give you a good car."
Zhang Yida smiled, this was a bit difficult for him.
"In addition to Miaofen, Kunlun Wanwei has also invested in more than a dozen mutual financial companies in China, several of which have already gone bankrupt."
Zhang Yida took over the conversation and continued: "So, Kunlun Wanwei started to expand overseas.
In Southeast Asia and India, they have established joint ventures with 360 and invested in many local mutual funds projects.
Now it is very normal to move to Africa.
How much money can you make from mutual funds? Mr. Zhou is not short of money, so he will naturally start to cast a wider net."
Cao Lu suddenly realized, "This is true. Opera browser was also jointly acquired by Kunlun Worldwide and 360. It is currently the second largest browser in Africa after Google.
The parent company of Opay is also the Opear browser. It completed a round of Pre-A round of financing of US$30 million last month. It is said that it is currently seeking a round of US$50 million in Series A financing.
Once the financing is completed, it will probably become a heavyweight player in the African mobile payment market.
Opay and Opera have a large presence in Africa. They have launched the news information platform Opera News, the motorcycle taxi business ORide, the tricycle taxi business OTrike, the bus ticket purchasing platform OBus, the food delivery business OFood, the investment and financial management platform OWealth and the online lending platform OKash.
.
It can be regarded as the domestic version of Alipay + Didi + Magnesium Tuan + Qiandu + Toutiao.”
Zhang Yida commented, “This is to build a super APP, which is what GoJek and Grab in Southeast Asia have done.
By continuously enriching usage scenarios, we will drive the growth of mobile payment business."
Cao Lu nodded, "Yes, we speculate that this is also the case. But if we do this, the stall will be so big all of a sudden, which will cost a lot of money."
In addition, Opay is constantly poaching employees from us and Transsion.
Because we entered Africa earlier, we have many Chinese employees who are familiar with the African market, but we cannot find so many suitable employees in China.
That’s all!
What I am most worried about is that if Opay adopts the domestic method of subsidizing user habits, it will not be suitable for us to follow it or not.
If you do, if you blindly burn money, you may end up burning it to nothing.
Once the subsidy is stopped, users will continue to pay cash.
If we don’t follow them, the market will be taken away by them. If they develop users’ usage habits, then we will have no choice but to be out of the game.”
Zhang Yida shook his head slightly, "Let them burn it, but I want to see how much they can afford to burn it?"
Cao Lu hesitated to speak, but finally said: "Mr. Zhang, if we don't do any subsidy activities, all the existing users may be gone."
"Let them run away, and we will take action after they have harvested Opay's wool."
Zhang Yida and Cao Lu looked at each other and explained: "The market is not mature now, especially the supporting facilities are not complete. We want African users to really get used to "cashless payment" like in China.
E-commerce, taxi-hailing, take-out, QR codes for roadside stalls... these all need to be developed.
Do you think Nigeria and Africa as a whole currently have this condition?
There is currently only one unicorn company in Africa, and their market value has fallen below US$1 billion.
We can't rush this kind of thing, we can only grow with these friends.
Startups like these are the shortcomings of the barrel effect, and they are also our ceiling.
Mr. Zhou’s idea is good. He wants to make FamilyMart products and drive the entire African Internet market forward with the power of one company.
At least I’m not optimistic about it!”
Shen Beipeng and Xu Xiaoming both nodded. Zhang Yida's net worth is dozens of times higher than Zhou Yahui's, but he is not worth it.
In the past, when Chinese companies went overseas, they directly copied China's logic, quickly surged in the short term, and ended the battle in a very short period of time.
But the reality is that compared with China's per capita GDP of US$10,000, even Nigeria's per capita GDP, the largest economy, is only about US$2,000. Its willingness to pay and residents' education level cannot be compared with that of China.
More importantly, there are so many African countries that we can only open up one by one and do not have the conditions to end the war quickly.
Zhou Yahui is so radical, I'm afraid he will fall into a big fight.
"Let's lay a solid foundation for ourselves and don't worry about others."
Zhang Yida straightened up from his chair and said seriously: "The current Internet entrepreneurship environment in Africa is very similar to China around 2000.
Try it, what was the situation like when promoting mobile payment in China in 2000?
When the time comes, the group will naturally make additional investment.
What Chuanrui needs to do now is to take root deeply in the country, understand the market thoroughly, and prepare for a full-scale outbreak in a few years."
Cao Lu nodded. He understood what Zhang Yida meant. He just didn't want to rush too fast, lest he become a martyr.
If you think about it carefully, these words completely stand up to scrutiny.