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Chapter 88 Public Fund License

Lei Dongming is no longer as opposed to shared bicycle projects as before. He feels that if it is really like what Zhang Yida said, it would be a good project to develop nationwide and operate millions or even tens of millions of bicycles.

Compared with the public bicycles launched by the previous government, the second generation of shared bicycles is undoubtedly empowered by the Internet.

With the wings of the Internet, shared bicycles can master a lot of user data. This data is of great value for advertising and other business development.

Zhang Yida then took Lei Dongming to the hardware R&D laboratory in the suburbs to have a look.

More than 20 hardware engineers are assembling different models of experimental bicycles and conducting performance testing and data collection and analysis on the bicycles.

The laboratory is filled with bicycle parts and more than a dozen finished bicycles.

Lei Dongming stared at these bicycles, walked around in a big circle, and said to Zhang Yida:

"Is this the shared bicycle you want to do? I haven't seen anything surprising?"

"It's still in the body design stage, and the smart car lock hasn't been added yet."

Zhang Yida smiled and shook his head. The body design is not difficult. The biggest problem is the smart car lock and cloud platform.

"Determine the car model first! Once you've confirmed it, you can invite me to come over and take a look. If there is no problem, I will invest US$2.5 million in the angel round and it will be funded by Huayi Capital!"

Lei Dongming looked at the busy laboratory and felt that Zhang Yida didn't look like he was just cheating. He had quickly assembled a team of engineers to engage in research and development.

Moreover, I heard that Zhang Yida also advanced one year's salary and borrowed millions from Ruixiang and Yimin to start this business.

Judging from his past entrepreneurial experience, he has never failed. This kind of serially successful entrepreneur is worthy of trust!

In fact, the main reason is that Zhang Yida is a shareholder of Huayi Capital, and investing in his entrepreneurial projects counts as related financing.

If it succeeds, it's easy to say, but if it fails, it will definitely damage Huayi Capital's reputation and trigger a crisis of confidence among investors.

Therefore, Lei Dongming did not dare to make the decision to invest in Zhang Yida's shared bicycles without authorization. He first asked Zhang Yida to take him to the laboratory to have a look, and then asked Zhang Yida to take out the laboratory products before he decided to invest.

Zhang Yida also expressed his understanding of this.

First of all, Huayi Capital does not belong to itself, and it also has to give an explanation to LP investors. Lei Dongming's performance as a GP fund manager can be said to be formal procedures, rigorous attitude, not blind obedience, and rational investment.

"By the way, Lao Lei, do you know a master in human resources management? Someone who has managed a team of tens of thousands of people."

Zhang Yida knew that Lei Dongming had rich career experience and knew many people, so he was the right choice.

"Well, let me think about it, I really know him. But why are you looking for this kind of person?"

Lei Dongming was puzzled and guessed Zhang Yida's specific intention. Wasn't it a note for shared bicycles?

As expected, Zhang Yida continued:

“Huimin Bicycles need to be deployed nationwide and enter hundreds of cities, which requires a huge ground dispatching and operation and maintenance team.

One dispatcher is responsible for 300 vehicles, which requires a ground team of 17,000 people.

The management of such a huge team is a big problem. And if we want to compete with our competitors, we must defeat them in many aspects and on multiple lines.

Not only is our APP experience better, our bikes are better to ride and more durable. Our ground team is also more efficient and responsible than our competitors.

Therefore, we need a human resources expert to formulate a management plan for us and bring out an iron army on the ground!"

Lei Dongming nodded to express his understanding, and then said:

"Leave this matter to me, and I will definitely recommend a few satisfactory candidates to you."

"Hurry up! We must set up a ground operation team before the bicycle is launched on the market." Zhang Yida said to Lei Dongming seriously. Worried that he would not understand, he continued:

“After our mature bicycles and mature team are launched on the market, and after receiving a new round of financing, we can quickly replicate them across the country.

When followers appear, this highlights our advantages.

While they were still developing bicycles and training their ground team, we already had a mature style of play, products, and team.

In terms of time, it can give us another opportunity. In terms of market share, it is also a good opportunity for us to expand our territory."

Lei Dongming understood. Zhang Yida knew that shared bicycles were too easy to be imitated, and expected that many competitors would appear in the future. Having the first-mover advantage was not enough, and he also wanted to continue to expand his advantage through the ground team.

Cruel! This is really cruel! I don’t want to give any opportunity to those who come after me!

But Lei Dongming likes it. This is the quality that good entrepreneurs should possess.



Huimin Bicycle rented a 500-square-meter office in an office building and began to recruit IT engineers one after another to develop APPs.

Several human resources experts recommended by Lei Dongming also came for interviews, and Zhang Yida conducted the interview himself.

The first candidate is from Futukang. He is a middle-aged man who said seriously:

"Mr. Zhang, I have managed tens of thousands of workers in Futukang. I still have some experience in employing people.

Your concept of win-win between employees and the company is still too idealistic.

If a company wants to generate profits, it must find ways to reduce all costs.

I think Huimin Bicycle can use Futukang’s management philosophy to allow employees to work efficiently while strictly controlling salary costs.”

Zhang Yida smiled and said nothing, forget Fu Tukang's trick.

The second candidate is from Anping Insurance and is a middle-aged woman.

She said to Zhang Yida excitedly:

"Mr. Zhang, managing tens of thousands of employees must be driven by corporate culture.

I have worked in Anping Insurance for more than ten years, and I still think I am competent in building corporate culture.

To make employees feel a sense of belonging to the company, we need to hold more meetings and publicize more..."

Zhang Yida: "..."

The third candidate is from Shunfeng, a middle-aged man in his 40s named Qin Zheng.

Qin Zheng said: "Mr. Zhang, it is not easy to manage a team of tens of thousands of people engaged in manual labor.

For them, it is useless to talk about feelings and ideals. It is better to pay them more wages.

Bicycle dispatchers who are engaged in physical labor, like couriers, are also exposed to the sun and rain. To be honest, this job is very tiring. If there is no relatively considerable income, people might as well deliver express delivery or food delivery."

Zhang Yida nodded and then said:

"Mr. Qin, how do you think we can retain employees and improve their work motivation?"

"Learn from Shunfeng and give employees money and dignity."

Qin Zheng blurted out.

"Shunfeng is indeed a company where employees feel a sense of belonging."

Zhang Yida nodded, Shunfeng is indeed a company with a good reputation among its employees.

Qin Zheng raised the corners of his mouth and continued:

"Mr. Wang is actually very smart and gives high salaries to employees. In addition, he has spoken out on several incidents to safeguard the interests and dignity of employees.

Even if employees know that these methods are meant to win people's hearts, they will still be happy with them."

Zhang Yida thought for a long time. The job of a bicycle dispatcher is indeed not easy. If he leaves his job frequently, the team will be unstable, which will seriously affect the operation of the bicycle.

But if you want employees to work down-to-earth, you have to spend real money, and there is no use playing tricks.

So Zhang Yida extended his right hand to Qin Zheng and said with a smile:

“Welcome to join Huimin Bicycle!”

Qin Zheng also shook hands with Zhang Yida and said:

“What an honor!”

Just like that, the chief human resources officer of Huimin Bicycle is in place. Everything is ready, just waiting for the bicycle to be developed and put into the market.



After Daiwei received 1 million angel round financing from Zhang Yida, he boasted to other partners:

"See? Even Zhang Yida is optimistic about our cycling tourism project. This shows that we are on the right path.

Everyone, keep working hard. We will also go to Nasdaq to ring the bell in the future!"

"Boss, mighty!"

"Come on, come on, we must make something famous this time!"



Several other partners also catered to Tao, and they were all in high spirits.

In this way, Daiwei started the cycling tourism project. He began to find some tour groups to discuss cooperation. The tour groups provided resources to customers, and their team provided cycling routes and services.

The project is progressing very smoothly. Cycling tourism has become more and more popular in recent years. Cycling on the Sichuan-Tibet Line and cycling around Qinghai Lake are very popular among young people.

Dai Wei took several orders as soon as he came on board, and happily threw himself into the intense and busy work.



"Yida, after a vote by the board of directors, we decided to introduce Ruixiang to increase capital and expand shares."

Hu Gang called Zhang Yida and agreed to Zhang Yida's request for a shareholding.

"Haha, that's great! Then Ruixiang and Handing can cooperate, and the public fund industry will definitely have our share of the future."

Zhang Yida is really happy. After the public equity fund becomes the second shareholder, Ruixiang's next strategy can be fully launched. After all, it is not as cost-effective to direct massive financial flows to others as to directing them to oneself.

The next day.

Ruixiang and his party, led by Zhang Yida, came to Handing Group and signed a shareholding agreement with Hu Gang and Wang Xiaojie.

The original registered capital of Handing Group's Hantai Fund Company was 300 million, which has now been changed to:

Handing Group invested 306 million to occupy 51% of the shares, and Ruixiang invested 294 million to occupy 49% of the shares. The registered capital of the fund company was increased to 600 million.

After initialing the agreement, Zhang Yida, Hu Gang, and Wang Xiaojie shook hands, winked and smiled:

"The shareholding agreement requires the approval of the China Securities Regulatory Commission. This requires the two eldest brothers to take a lot of trouble!"

Fund companies are no different than other companies. Changes in shareholders need to be reported to the China Securities Regulatory Commission. Only after receiving the approval can the matter be truly settled.

"It's a small problem! Yida, don't worry, leave this matter to me!

Ruixiang's investment in a fund company, a leading domestic financial technology company, is in line with the slogan of the country's financial reform. The leaders are too late to welcome it, so how can they refuse?"

Hu Gang said with a smile that as he was once the youngest director of the China Securities Regulatory Commission, he still had connections and friendships in all aspects, and he was very handy in handling these matters.

Zhang Yida smiled but said nothing. Hu Gang's past experience was also a point that he valued cooperation.

No matter how strong Ruixiang is or how many billions of dollars it has raised, the short time it has been established can firmly block Ruixiang from fund company shareholders.

Of course, special treatment should be given to special circumstances! There should still be a good chance of letting Hu Gang operate.


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