The entrance to the InterContinental Hotel on Financial Street.
A Volcanic Ash Panamera stopped steadily. Zhang Yida opened the door and got out. He handed the car keys to the parking boy at the door and said "Thank you for your hard work."
The parking boy smiled, took the key, got into the car, and parked the car for Zhang Yida.
Zhang Yida had a slicked-back hair today and was wearing a gray Prada slim-fitting suit. He looked tall and long-legged, with a very outstanding temperament.
He strode into the hotel, and after a brief inquiry, a receptionist at the door guided Zhang Yida into the hall where Ruixiang Jinke's Series B financing conference was held.
The hall was very luxuriously decorated and brightly lit. The hundreds of seats were packed with people and all seats were occupied.
The hundreds of people attending the meeting include reporters from dozens of media outlets, including major portal websites, financial media, traditional media, etc.;
In addition, dozens of Ruixiang Jinke’s customers, Internet financial management and loan companies also invited to attend the meeting;
Venture capital institutions and financial industry peers also invited dozens of people;
Then there are the vice president of Peking University, the mayor of Haiding District and other leaders sitting in the first row of the auditorium.
Above the stage in the hall is a huge LED screen, with a row of large characters projected on the screen:
"Ruixiang Jinke Series B Financing Press Conference and Financial Technology Development Strategy Press Conference."
A crystal sculpture advertisement was erected on the edge of the stage, with a series of numbers:
“500,000,000$”
After a while, the meeting officially started.
First, the mayor of Haiding District in Beijing City took the stage and gave a speech. First, he affirmed and praised the achievements of Ruixiang Financial Technology Group in its development to the present.
Then he said that in the future, the district will continue to strongly support the development and innovation of Ruixiang's financial technology industry, and provide some support in various policies such as financial license applications and tax incentives and reductions.
Finally, he also expressed his optimism about Ruixiang’s development potential, and wished Yuruixiang to become a domestic and even international financial technology leader.
Ruixiang has now become a star company in Haiding District. It is expected to pay taxes of several hundred million in 2014. The leaders of the district government are very concerned about it. They hold a financing conference to help support the company.
Then Zhang Yida and the Vice President of Peking University took the stage together and announced that Ruixiang would invest 400 million yuan to jointly build the "Ruixiang Group & Peking University Guanghua Smart Financial Center" with Peking University Guanghua School of Management.
After the establishment of Guanghua Smart Financial Center, it will carry out a number of high-tech research and integration of financial technology fields.
Including the four main directions of AI artificial intelligence, big data, cloud computing, and blockchain.
Create four major financial technology open platforms: intelligent finance, big data finance, financial cloud, and blockchain credit.
Empower tens of millions of financial companies, promote technological upgrading in the industry, improve efficiency, and reduce costs.
The next step is that Zhang Yida takes a microphone and talks about PPT to everyone in front of a huge projection screen, making us suffocate for our dreams together...
It did not talk about the seven major ecologies, nor did it talk about ecological reaction.
Zhang Yida is quite down-to-earth and mainly introduces the subsidiaries of Ruixiang Group and the main business of each subsidiary through a tree diagram.
The final summary is that Ruixiang itself builds a financial technology open platform, doing both ToC and ToB.
ToC currently provides users with financial product search and price comparison services, accounting, credit card and other asset management services, financial information services, personal credit services, etc.
In the future, it will also provide users with self-operated financial management and lending services.
ToB currently provides advertising services to major enterprises, including three major financial supermarkets: wealth management, loans, and credit cards. In the future, it will also launch other types of financial supermarkets such as funds, insurance, and banks to enrich all categories of financial products.
Mung Bean Credit and Tiance Technology will also provide credit data inquiry, big data risk control system solutions and other services to cooperative enterprises.
As Guanghua Smart Financial Center develops more financial technology achievements in the future, Ruixiang will also provide more and richer ToB services in the fields of artificial intelligence, financial cloud, big data, blockchain and other fields.
Zhang Yida talked for almost an hour before finally explaining all aspects thoroughly.
After the PPT speech, Zhang Yida bowed to the audience, who received thunderous applause.
He did not step off the stage, but stood in the middle of the stage under the spotlight, ready to accept questions from the audience.
A Penguin News reporter picked up the issue and asked: "Mr. Zhang, based on what you said, I feel that the development direction of Ruixiang Jinke is very similar to that of Leech Financial Services, and it may face fierce competition in the future. What do you think about this?"
"
“There are several subdivisions in financial technology, and it is normal for them to develop in similar directions.
Not only Leech, we also have something in common with the financial divisions of Penguin, Goudong, and Qiandu.
In addition, I support competition.
The result of competition is the improvement of enterprise management level, the enhancement of enterprise vitality, the improvement of financial technology, the reduction of costs, and the progress of enterprises and even the entire society.
Therefore, we do not exclude competition!”
Zhang Yida also answered sincerely, and also mentioned Penguin. It means that everyone is engaged in finance, there is no differentiation, and there is no question of plagiarism or non-plagiarism.
The audience applauded in unison. Let’s not talk about the outcome in the future. The courage to move forward is very commendable. We are not afraid of giants and competition.
A Beijing News reporter asked: "According to reliable sources, Touronghui Payment has spent 50 million yuan to vigorously promote offline QR code payment. Regarding mobile payment, will Ruixiang continue to increase subsidies and promotion?"
Zhang Yida thought to himself, this reporter is really well-informed. It has only been a little more than a week since the promotion of Touronghui, and he has already found out everything.
After thinking for a few seconds, Zhang Yida replied:
"For mobile payment, that is one of our most important development directions in the future. It is certain to increase promotion and subsidies."
The reporter asked: "Penguin has a social scene and Leech Financial has an e-commerce scene. What does Ruixiang rely on to support its mobile payment strategy?"
"Relying on unyielding will and courage. When Taobao was founded, there was 8848, there was eaby; when Penguin was founded, there was MSN.
Neither of them had as much money as their opponents, nor did they have a strong background. In the end, they defeated their opponents.
It depends on passion and determination. They can do it, why can't Ruixiang do it?"
Zhang Yida also started to cheat, and drank a few mouthfuls of chicken soup. He definitely couldn't talk about core competitiveness and the magic weapon for winning now, and what would happen later after talking about it. So he just talked about empty words.
"What is Mr. Zhang's expected future valuation for Ruixiang?" another reporter asked.
Zhang Yida knew that he should not answer this question randomly. A high answer would be too conceited and arrogant, and a low answer would undermine his own morale and make investors dissatisfied.
He smiled and replied:
“Ruixiang’s valuation increased from US$250 million after Series A investment to US$3 billion after Series B investment, an increase of 12 times in half a year.
We are optimistic about the future. The development speed will only be faster than before, not slower.
Compared to valuation, I pay more attention to the technological innovation and technological development of enterprises.
Through technology and technology, users can experience faster and more convenient financial services."
Questions from more than a dozen reporters were answered one after another, and the press conference came to an end.
It ended with the Series B investors taking the stage to take a photo with Zhang Yida and Lin Zhenyang.
…
A middle-aged woman in her forties walked into Jackma's office with a stack of newspapers in her hand.
He placed the newspaper on Jackma's desk and said seriously:
"Mr. Ma, Ruixiang Financial Technology Group, a business in Beijing, has just received US$500 million in Series B financing.
Many of their products are competing against ours, Leech Financial Services Group, and they are aggressive, and their plans are quite big!"
"Oh, tell me quickly!" Jack immediately became energetic. He was currently preparing for Ahri's listing and didn't care much about other things.
He picked up the newspaper on the table and read a catchy headline: "Ruixiang Jinke completed US$500 million in Series B financing, with a valuation of US$3 billion."
It was interesting, so he looked down.
Pang Lei also began to tell Jackma about Zhang Yida and Ruixiang, including Zhang Yida's background, Ruixiang's entrepreneurial history, its products, and investors.
Jack Ma was reading the newspaper and listening to Pang Lei. After a while, Jack Ma put down the newspaper and murmured:
"You're only 19 years old! What a scary young person!"
He remembered that when he was 19 years old, he was still preparing for the second college entrance examination in his life. In the end, he failed and had to wait until the third college entrance examination before passing the exam.
Look at other people's 19 years old, and then look at yourself at 19 years old. I am filled with emotions, are there really people who are "born knowing this"?
Pang Lei also nodded. Although Ali + Leech Financial are well-known giants in China, they never underestimate any entrepreneur, especially a competitor with a valuation of US$3 billion.
Pang Lei continued:
“Our biggest competition with them lies in the two business sectors of credit and personal payment.
Especially for mobile QR code payment, they have also started to promote it offline. It is said that they burned through 50 million advertising fees in one week and gained 1 million transaction users."
"Increase investment efforts, mobile payment is our core strategic product, and this position must not be lost. Half of the valuation of Leech Financial is supported by it.
Other business sectors, including credit, financial management, and lending, are also inseparable from payment.
Draw up a charter! Win the market as quickly as possible and don’t give them any opportunity to take advantage of it.”
Jack Ma said in a tone that left no room for doubt, "Isn't it possible for others to easily covet Leech Financial's dominance in the country?"
Young man, you are still too young to dare to compete with me for the cake. I will teach you a lesson this time and make you remember better.
Thinking of this, a smile appeared on Jackma's face.
Looking at Mr. Ma's weird smile, Pang Lei, who was very familiar with him, knew that this was the rhythm of something going on. Pang Lei said respectfully:
"Okay, Mr. Ma, I will arrange for someone to make a counterattack plan as soon as I get back.
This time our Pay Bei will definitely seal the victory in one fell swoop, and both Penguin and Ruixiang will have to step aside."
Pang Lei said with great confidence that in her opinion, only Penguin could barely be an opponent. As for Ruixiang, its size was still too small.
Once Alipay and WeChat Pay start a war, it will be time for Ruixiang to exit.
The eldest brother and the second child were fighting, and the aftermath shocked the third child to death!