Winning the new financial era

Chapter 217 Insurance License
"Is it a bet?"

Hu Gang scratched his hair. As a PE boss, he is of course no stranger to this word.

It's just that he used to be the employer, forcing the entrepreneurs to sign the VAM agreement.

Now it's reversed, he represents the entrepreneur, and the employer forces him to sign a VAM contract.

Hu Gang looked at Gan Renping who was moved, and asked, "Mr. Gan, what do you think?"

Gan Renping nodded and said: "Yida's suggestion is very good. When entrepreneurs and investors have differences, VAM is the best way to resolve differences.

If you borrow money and dare to sign a guarantee of 8000 million daily active users, we can approve your valuation of 500 billion. "

"8000 million daily active users." Hu Gang frowned, looked at Zhang Yida, and asked, "Yida, how many daily active users do you have in Ruixiang?"

"It's between 1.5 million and 1.6 million!" Zhang Yida replied.

"If you sign a VAM agreement, how long is the deadline? When do you need to reach 8000 million daily active users?"

Wang Xiaojie interjected.

"Within a year!" Gan Renping replied.

"What if the bet is not completed?" Hu Gang is more concerned about this.

"If the bet fails, the management of Zaidaibei will repurchase our investor's shares at a price of 1.2 times."

Gan Renping set out his own conditions.

Wang Lu jumped out and pointedly said, "Repurchase the shares at 1.2 times the price. Then we might as well take out a loan. The annualized interest rate is not as high as 20%."

Hu Gang and Wang Xiaojie looked at each other, and finally Hu Gang said: "1.2 times is too high, how about 1.1 times?"

Gan Renping shook his head and said: "This plan. On the surface, it seems that we venture capitalists have nothing to lose, but in fact it is quite the opposite.

Venture capital companies pay the most attention to the efficiency of the use of funds.

Let’s make a hypothesis: Loanbei fails to gamble and compensate us with 20% interest, which seems good.But on the other hand, we also missed other high-return projects that were several times, dozens of times.

From the perspective of capital utilization efficiency, we counted it as a particularly failure.

Those who do venture capital mainly pay attention to the rate of return on equity investment, not to earn these interests. "

"You can't say that! If you don't invest in loans, you can guarantee that all other projects you invest in are successful and high-return projects?"

Wang Xiaojie retorted.

"From the perspective of probability, if you don't invest in loans, you can save hundreds of millions and invest in dozens of projects, and the success rate can be greatly improved."

Gan Renping was not to be outdone, and began to argue with reason.

……

Several people bargained in various ways, citing classics, making it like a debate.

Hu Gang turned his head to look at Zhang Yida, and said, "Yida, you said before that you have no money and can't invest. Now that Ruixiang has just completed financing of 25 billion US dollars, it should not be short of money!"

"Poor! Half of the $25 billion in financing has been spent, and we have invested nearly $10 billion overseas, and the second phase of the cloud computing center project has added hundreds of millions of dollars.

Then the domestic mobile payment subsidy war continues to increase.

I am also powerless now! "

Zhang Yida quickly complained that borrowing money is a big pit, and he would not invest if he was killed.

Hu Gang's face was a little ugly. Didn't everyone have a good joint venture in funds and securities before?

Why is it faster to turn the face than to turn the book now?

"Yida, if the loan is successful in this round of financing, you can continue to advertise in your financial supermarket.

If there is no financing, it may be necessary to greatly reduce the advertising efforts. "

Hu Gang saw that Xiaozhi's emotion was not effective, so he started to use it for profit.

Zhang Yida smiled wryly, didn't I just help you promote 500 million users and earn you [-] million or [-] million, why are you like this?

Moreover, Ruixiang's financial supermarket can't push it now, and users have learned it well.

The mode of Lending Bei is: A invites B to register, and A and B each get 20 yuan; B invites C to register, and B and C each get 20 yuan, and A can also get 10 yuan indirect promotion rewards.

Therefore, Ruixiang only cheated a wave of user recommendation rewards when the loan was first launched.

Now users know how to play, relatives invite relatives, friends invite friends, and the fat water does not flow to outsiders.

So gradually, few users register for loans through Ruixiang’s financial supermarket, because they will be defrauded of their 20 yuan recommendation reward.

Seeing Zhang Yida's embarrassment, Hu Gang stopped asking.

He finally understood that Zhang Yida would never invest in loans.

Either they really have no money, or they are very pessimistic about borrowing money.Hu Gang guessed it was the latter.

At this time, Wang Xiaojie and Gan Renping were about to reach an agreement.

Gan Renping insisted on the repurchase condition of 1.15 times and never made any concessions.

Hu Gang finally made a decision and agreed to his gambling conditions.

Once the matter was settled, the tense atmosphere just now disappeared all of a sudden, and everyone began to chat with each other again.

Gan Renping also felt that he was not losing money, and his income was guaranteed during droughts and floods. In the worst case, he had an annual rate of return of 15%.

If the loan grows to the size of Ruixiang and Leech Financial Services, then it will make a lot of money.

Hu Gang didn't feel that he was at a disadvantage, and the worst result was a 15% interest loss.

The most important thing is that the valuation of 500 billion yuan for borrowing and lending has finally been supported.

Unlike earlier, when I invested with my left hand and right hand, after the angel round of financing, the company’s valuation reached 220 billion yuan. That kind of valuation would never be recognized by the outside world.

However, Qiming Venture Capital is a first-line venture capital, and its investment will undoubtedly provide a strong endorsement for the 500 billion valuation of Lending Bay.

This valuation can be regarded as a solid foundation.

Zhang Yida secretly sighed, the conditions for this pair of bets are not harsh enough!He wanted to dig a big hole for Handing Group, but the hole was not deep enough.

Only a 15% premium to repurchase shares, if only 150% would be fine...

……

"Mr. Zhang, Yi'an Insurance has replied and agreed to our shareholding." Lanlanhui reported.

"Oh, how many shares are they willing to give up? If it's too little, forget it."

Zhang Yida attaches great importance to insurance licenses.Whichever insurance company is directed to the huge financial flow, that insurance company can achieve rapid development.

Because of this, Zhang Yida was unwilling to let Ruixiang be a minority shareholder of an insurance company.

You must become a major shareholder of an insurance company in order to maximize your benefits.

"15%, tied with Yin Zijie as the largest shareholder." Lan Lan replied.

A smile appeared on Zhang Yida's face. It seems that the shareholders of Yi'an Insurance are all sensible people, and they know the benefits of Ruixiang's investment and bringing them to play together.

The China Insurance Regulatory Commission stipulates that the shareholding ratio of a single shareholder of a Chinese-funded insurance company cannot exceed 20% at the time of establishment, but after three years of investment, the shareholding ratio can be increased to 3% if certain conditions are met.

Therefore, acquiring a 15% stake in Yi'an Insurance is only the first step. After three years, Zhang Yida will definitely find a way to increase the shareholding ratio.

Zhang Yida thought for a while and said, "Well, you arrange for me to meet with some of their original shareholders. Some things need to be discussed face to face."

……

"Mr. Cheng, I've admired you for a long time!"

Zhang Yida flew to Pengcheng and met Cheng Xiangjun, chairman of Yin Zijie, the company's largest shareholder, in Yi'an Insurance Company.

Cheng Xiangjun, in his fifties, with a round face, held Zhang Yida's hand tightly, and said with a smile, "Welcome Mr. Zhang to Pengcheng! We are also half of the same business, so we need to communicate more!"

Cheng Xiangjun, as the chairman of a company listed on the GEM with a market value of tens of billions of yuan, has a well-measured attitude. He neither pretends to be big in front of Zhang Yida, nor does he pretend to be too small, but puts both sides on an equal footing. position.

Yinzijie is a listed company specializing in banking software. It was established in 1998 and registered on the GEM in 2010.

Tiance Technology and Yinzijie are competitors on a certain level.

However, there are not many intersections at present. Tiance Technology mainly focuses on the export of risk control technology for Internet finance, while Yinzijie is still mainly exporting traditional technology for banks, and does not involve risk control systems for the time being.

"Yeah! We are also considered colleagues! How close we should be."

Zhang Yida knew a little about Mr. Cheng in his previous life, because Yin Zijie mainly worked on systems for banks, so when the Internet finance became popular, this person frequently went to ride the Internet financial heat and create "mutual financial concept stocks".

It can be seen that this Cheng is always a very profit-seeking businessman.

Zhang Yida shook hands with several other shareholders of Yi'an Insurance in turn. They were all wealthy entrepreneurs, otherwise they would not have become shareholders of the insurance company.

But in terms of net worth, Zhang Yida had the highest net worth in the audience, followed by Cheng Xiangjun.

After the group of people were seated, Zhang Yida said, "I came to Pengcheng today, mainly because I want to meet with you, and let's chat about the future development direction of Yi'an Insurance."

Cheng Xiangjun nodded and said, "Yes, the opening is coming soon, so it's time to make a calculation."

Zhang Yida added: "E'an Insurance Company is one of the few Internet insurance companies with an online sales license.

All of our business processes, including sales, compensation and other links, can be carried out online.

Therefore, in order to maximize the value of this Internet insurance license, there must be a traffic platform to support it.

Ruixiang’s Touronghui APP has 4 million registered users, which is very suitable for this business carrier. "

"Well, yes, I support it!"

"Is it to put insurance products on the shelves like Alipay? This is a good idea, and I also support it."

Several shareholders of Yi'an Insurance spoke out in support of Zhang Yida's idea.

In the eyes of several of their small shareholders, following Ruixiang is undoubtedly very promising.

Relying on Ruixiang's huge traffic pool, they seem to see a better day in the future.Insurance premium income is increasing year by year, and the equity in hand is becoming more and more valuable.

"I also support it! What is the cooperation method between Yi'an Insurance and Touronghui? How to calculate the cooperation rate?"

Cheng Xiangjun was the last one to support, but also raised his own doubts.

There is no such thing as a free dinner in the world, and he doesn't believe that Rui Xiang would divert Yi An Insurance for nothing.

"The cooperation fee must be charged."

Cheng Xiangjun knew it would be like this, but he heard Zhang Yida say: "But...the best price can be given."

"How favorable can it be?" asked a minority shareholder.

Zhang Yida glanced at him, smiled at the crowd and said, "That depends on the sincerity of the bosses."

(End of this chapter)