Market value of US$250 billion, equivalent to RMB 1,721.7 billion.
Calculated based on the price-to-sales ratio, PS’s price-to-sales ratio is 6.17 times.
Calculated based on the price-to-earnings ratio, the PE price-to-earnings ratio is 76 times.
Many experts and scholars feel that this market value is too low. Penguin’s price-to-sales ratio is 9 times, Ali’s is 10 times, and Magnesium Tuan’s is 6 times.
In terms of business form, Ruixiang is very similar to Ahri and Penguin, and can even be called a combination of the two.
Just one more short video and one more Musical.ly that opens the key to globalization.
There is a lot of room for imagination here. The main market for Ali and Penguin is still China, which only accounts for one-fifth of the Internet population market.
Ruixiang’s battlefield is the whole world, including the other four-fifths of the Internet market.
Never mind how many difficulties and obstacles we encountered in our global development, including being removed from the shelves, making things difficult for us, and being fined.
What is undisputed is that Ruixiang is the most successful Chinese Internet company in globalization.
Some people on the Internet shouted this slogan: China’s sharp direction, the world’s Musical.ly.
Although Ruixiang's mobile payment, online articles, music streaming, long-form video and other products are all going overseas, they are far less successful than Musical.ly, and their influence is very limited, limited to a corner or a group of people.
Musical.ly has ranked first in the App Store rankings in terms of downloads for five consecutive quarters.
In the eyes of young people, this is the coolest and most fashionable application out there.
The high growth potential of Ruixiang's business has also amazed brokerage firms and investment bank analysts.
Active users are super high...
Revenue doubled in one year...
Pinduoduo lost more than 10 billion last year, but Ruixiang is still profitable overall...
Rocket Video has spent tens of billions on content production, but Ruixiang’s net profit is still positive...
People sighed, Ahri, the penguin’s great enemy is here!
Pinduoduo's tens of billions of subsidies are no longer rootless, and it does not rely on external financing. Its development can be supported by its sharply profitable business alone.
Pinduoduo users don’t have to worry about such a good e-commerce platform being subsidized and going bankrupt one day, there is no shortage of money at all.
Ruixiang's prospectus also disclosed several core indicators. Mobao Pay has more than 1 billion global users, and these 1 billion users are jointly served by Mobao Pay and its global partners.
This data equals Paybay, which announced at the beginning of the year that global annual active users exceeded 1 billion.
In addition, Ruixiang also disclosed the number of monthly active users of its short videos for the first time.
Including the two flagship products DouShi and Kuaishou, there are more than 600 million monthly active users in the Chinese market;
Musical.ly has 300 million monthly active users in more than 150 countries around the world.
Global monthly active users are approaching 1 billion!
Once it breaks through, it will surpass Penguin and Ali and become the only Chinese Internet company with two 1 billion monthly active products.
Domestic news that Ruixiang is about to go public has flooded the screen!
…
People abroad are not idle either, especially Xiao Mazi, who is eager to take his place at this moment.
The more he thought about it, the angrier he became. Such a good short video application should belong to Facebook.
With envy and hatred in mind, he asked his subordinates to recommend a headhunting company to recruit employees of Musical.ly US company.
And it is made clear that Chinese must be poached, preferably Chinese!
White people and black people don’t understand short videos at all!
The white man who was previously responsible for the development of Lasso has been fired by Xiao Mazi. He poured all his hopes into it. As a result, it has been almost a year since it was launched and there are only 300,000 downloads worldwide!
This Lasso is almost a pixel-level replica of Musical.ly, but it just can’t become popular.
As a result, Xiao Mazi and Facebook have also become the targets of ridicule in Silicon Valley, ridiculing him for not being able to plagiarize well.
This is not the first time Facebook has been embarrassed. It copied Salabu before and created several apps, but they were not successful.
Xiao Mazi plans to launch Instagram Reels as a short video function embedded in the Ins application, using Ins's huge user base and social relationship chain to promote it.
When the time is right, take it out separately and promote independent applications.
Not to mention, failure is the mother of success. Little Mazi is getting smarter and smarter.
…
Bonima was sitting in the office with a serious expression, and the ashtray was full of cigarette butts.
Liu Zhiping frowned and advised, "Pony, smoke less. The soldiers will stop you, and the water will cover you. Don't worry too much."
Bonima gave a bitter smile, shook his head and said, "Wrong, totally wrong!"
Liu Zhiping didn't know what Pony meant by "wrong", whether he misjudged Zhang Yida, Penguin's strategic mistake against Ruixiang, or both.
"Tell me, shouldn't we have sold our shares to SoftBank in the first place?"
As soon as Bonima said these words, Liu Zhiping looked unhappy.
What does this mean? Settle the scores later?
You agreed to sell the shares.
As soon as Bonima saw Liu Zhiping's face, he knew that the other party would be wrong.
He smiled and explained, "I mean, wouldn't the situation be better if Ruixiang shares were not sold so early?
Those dozen or so shares are now worth at least 40 to 50 billion U.S. dollars! That’s enough for several Kings of Glory.”
It turns out that I am worried about money!
Liu Zhiping secretly breathed a sigh of relief, shook his head and said, "Zhang Yida's ambition is too great for us to control, and there are many conflicts in business with Penguin.
If we don't part ways, perhaps Rui Xiang will be stronger and more harmful."
Bonima nodded slightly, acquiescing to this.
Musical.ly has broken out of Asia and gone global, something even WeChat has failed to do.
In the early years, it raided the South American market and even invited Messi to endorse it.
Unfortunately, the success fell short in the end! The biggest reason was that it was too late and Facebook had already risen.
However, Ruixiang’s short video track is not guarded by giants, leaving Musical.ly to compete in the field.
It would be great if this app was from Penguin. Paired with Penguin's unparalleled games, the market value should probably reach one trillion US dollars!
After sighing in his heart, Bonima discussed countermeasures with Liu Zhiping.
Ruixiang has truly risen, and it is no longer appropriate to use the original suppression plans. Countermeasures must be changed to deal with the more aggressive Ruixiang.
…
"This is because you sincerely don't want me to retire!"
Jack Ma looked at the news brought by Pang Lei that "Ruixiang issued a prospectus" and sighed softly.
"The gap between Ruixiang and us is only one year!"
Pang Lei said with a serious expression, she was actually not at peace inside.
She had contacted Zhang Yida a few years ago and wanted to acquire Ruixiang, but unfortunately he was rejected.
Then Ahri and Leech Golden Clothes began to hunt Ruixiang, but who would have thought that the other party would defect to Penguin, use Penguin's power to grow and develop, and finally kick Penguin away.
A classic business case!
It can be said that Ruixiang has developed and grown under their noses. They have seen each other getting stronger day by day, from financial technology to enterprise services, to short videos, e-commerce, and big entertainment...
There are endless ways to use the weak to attack the strong!
Putting aside their opposing identities, she actually admires Zhang Yida in her heart.
This is the second person she admires, the last one being Feng Qingyang.
As for her husband Sun Yutong, he is not worthy!
She holds 9.8894% in Leech Financial, which is even higher than Jack Ma's 8.8%.
Her husband Sun Yutong is an angel investor in Pinduoduo and is now a shareholder of Ruixiang.
Family composition is so complicated!
Even so, Jackma did not lessen his trust in her.
"Yes, the one-year gap is a very insightful point of view. It was proposed by Ren Zeping, right?" Jackma smiled, "I didn't expect him to know about the Internet."
"Buy shares in Gome and start listing..."
Jack Ma muttered and looked up at the sky outside the window.
Pang Lei did not interrupt Feng Qingyang's thinking and stood quietly aside.
Jack Ma thought about it and found that apart from Duoduo Low, the brand was still a bit off, and he couldn't think of any other loopholes in Ruixiang.
This made him, who always prided himself on being resourceful, feel frustrated.
Can't you, Zhang Yida, wait a few months before going public?
At least wait until I retire honorably before you jump out again!
This reminded him of the scene in "The Swordsman" where Liu Zhengfeng washes his hands in a golden basin.
People are in the arena and cannot help themselves, love and hatred are difficult to resolve, and grievances and grudges are endless.
Okay, if Zhang Yida doesn't give me face, then I won't be merciful.
"Let's discuss it internally and we'll launch a 20 billion subsidy!"
Pang Lei was startled, what does this mean? Do you know how to spell it out with the numbers?
Jack Ma is really old. If he wants her to make a decision, he will call for a "100 billion subsidy" and see if Duoduo can follow suit!