Winning the new financial era

Chapter 227 Tripartite Cooperation
After finishing the investigation of Blue Hole Studio, Zhang Yida made an appointment with Jin Fengjin, the founder and CEO of Woowa Brothers, and Li Shijia, the founder and CEO of Viva Republica, and planned to meet with them.

In a private club, Zhang Yida met the two of them.

Jin Fengjin wore black-rimmed glasses and had a small beard on his chin. He looked like a literary youth, probably in his thirties.

Li Shijia wore gold-rimmed glasses and a well-fitting high-end suit, with the air of a financial elite.

Several people have received higher education, so they communicate in English throughout the process.

Jin Fengjin said: "Mr. Zhang came all the way from China, please forgive me for the poor hospitality."

Zhang Yida shook his head with a smile, and said, "I didn't come from China. I still have some industries in the United States. I just finished my inspection there, and then I came to Korea."

Li Shijia interjected and said, "Is it Green and Musical.ly?"

Zhang Yida didn't expect Li Shijia to know his industry so well, so he nodded and said with a smile, "President Li, you know me quite well!"

Li Shijia boasted: "Mr. Zhang, these two products of yours are well-known in the United States! musical.ly topped the Apple rankings, and Green made a sensation in the entire Silicon Valley. But it has greatly improved the face of us Asians!"

Zhang Yida waved his hands and said modestly, "It's not a product with too much technical content."

"Mr. Zhang is humble." Jin Fengjin said first, and then said: "Our Asian companies have always imitated European and American companies, but you are indeed the first to create shared bicycles, which is amazing."

"Yes!" Li Shijia nodded in agreement, and then asked Zhang Yida: "Has Mr. Zhang considered introducing shared bicycles or shared scooters to Korea?"

"What? Are you interested?" Zhang Yida looked at Li Shijia playfully.

"Yes! Shared bicycles are so cool. It would be great if they could enter Korea." Li Shijia gestured happily there.

"I have a suggestion. Huimin Bicycle can set up a Korean joint-venture shared bicycle with our "Minguo Longsui" company like the cooperation with Grab."

After Li Shijia finished speaking, he looked at Zhang Yida again, waiting for his reply.

Long live the Republic of China is the Viva republica company, and Zhang Yida also thinks the name is quite funny.

But the people in Kimchi Country don't have much cultural background, so Zhang Yida felt relieved after thinking about it.

"Didn't your Minguo Wansui company always focus on the Internet finance field? Why did you come up with the idea of ​​sharing bicycles?"

Zhang Yida frowned, Ruixiang also invested 5000 million US dollars in their company, holding 25% of their Minguo Wansui shares.

Can't be so wasteful even if you have money?Also play crossover.

Seeing that Zhang Yida, the largest institutional shareholder, looked a little unhappy, Li Shijia quickly explained: "Mr. Zhang, the "deposit wealth management" you launched in China is a very good idea.

I think that if shared bicycles can be bundled with our Minguo Wansui company for promotion, it can greatly increase the establishment of our platform.

Plus, our mobile payments company, Toss, is going to make a lot of money too. "

After hearing his explanation, Zhang Yida laughed, this is the way to copy his fortune!

This Li Shijia has studied himself really thoroughly, even knows how to manage money deposits.

But Koreans are just like this, they like to copy and imitate.

At the same time, Zhang Yida was a little worried, not like the Dragon Boat Festival, when shared bicycles will be invented by them again.

"Bike sharing!" Jin Fengjin's eyes lit up, and he said, "Can our "elegant brothers" join one?"

The elegant brothers are the Korean version of the magnesium group Woowa Brothers, and the name also makes Zhang Yida unable to complain.

Zhang Yida narrowed his eyes slightly, and asked Jin Fengjin, "Have you also taken a fancy to shared bicycles?"

Jin Fengjin smiled and said: "I know that sharing bicycles costs money, so one more partner is more strength!"

He turned his head and asked Li Shijia: "President Li, what do you think?"

With one more shareholder, the shares will be diluted more.But Li Shijia has also heard about the speed at which shared bicycles burn money in China, and he is also a little worried that the Republic of China Long Live cannot be carried by a single company.

So he nodded and said, "If the elegant brothers want to join, I welcome it."

Jin Fengjin was quite satisfied with this answer.In terms of valuation, their elegant brothers are all valued at 6 million US dollars, and Long Live the Republic of China is only 2 million US dollars.Li Shijia is still very knowledgeable about current affairs.

Seeing that the two of them were determined to share bicycles, Zhang Yida didn't bother to stop them, and said, "Okay! Huimin Bicycle can provide technology, and the follow-up operations will be left to you two!"

Li Shijia and Jin Fengjin were overjoyed, and asked again: "How much is Huimin Travel Group willing to contribute?"

Zhang Yida will not pay for it. In his opinion, it is a loss of money to share bicycles to sea.

In China, shared bicycles have a guiding effect on their own industries. Who will guide them abroad?

"No more investment, we are willing to provide you with a complete set of system solutions and technical solutions, at a price of 1000 million U.S. dollars!"

Jin Fengjin shook his head and said with a smile: "Mr. Zhang, this is too dishonest. The technology of sharing bicycles is not too difficult, and our country's IT foundation is not weak, so we can find a technical team to make it."

"Yes! The price of 1000 million US dollars is too high." Li Shijia also echoed.

"I think US$100 million is a more reasonable price." Jin Fengjin didn't want to make the relationship with Zhang Yida too tense, so he offered a price that he thought was more reasonable.

"Then do you know how many iterations Huimin Bike's current system solution has gone through?

This is a mature solution finally made after a year and a half of R&D and upgrading by hundreds of engineers.Including hardware, software, cloud and other solutions and links.

Do you think $100 million is a good price? "

Although Zhang Yida doesn't want to pay his own money to start sharing bicycles in South Korea, he also wants to get more shares.

What if these sticks are so powerful that they succeed in sharing bicycles?If the shareholding is less, it is not a big loss.

Jin Fengjin and Li Shijia looked at each other, and felt that what Zhang Yida said was somewhat reasonable.

Huimin Bike spent more than a billion dollars to come up with a mature solution for shared bicycles. The price of 100 million dollars is indeed too low.

In addition, they also heard that several shared bicycles have emerged in Singapore and are preparing to enter the Korean market.

At times like this, time is most precious.Adopting the mature solution of Huimin Bicycle will undoubtedly save a lot of research and development time and save a lot of cost.

After a final round of bargaining, the two of them decided to pay $600 million for the system solution of Huimin Bicycle, and the two companies jointly invested $2400 million, making a total of $3000 million in equity.

Zhang Yida is quite satisfied with this result, which is equivalent to exchanging technology for 20% of the shares.

South Korea's shared bicycles have become the best, and there is no loss if it fails.

"President Li, I have an idea and I don't know if I should say it or not?" Zhang Yida asked Li Shijia again.

"What do you think? Mr. Zhang, just say it." Li Shijia said.

Zhang Yida glanced at Jin Fengjin who was sitting on the side, and said to Li Shijia: "Let the elegant brothers invest in Toss."

Jin Fengjin looked happy. He knew about the Toss platform. It was a very good money transfer platform and had great investment value.

Li Shijia looked a bit embarrassed, Minguo Longsui Company only held 49% of Toss's shares, and if they brought in elegant brothers to buy shares, the shares would have to be diluted.

Zhang Yida persuaded him: "Toss does not have competitors in South Korea. The shareholders behind Kakao are China's Ali Group, and the shareholders behind Kakao Bank are eaby and Penguin Group.

Although we, Ruixiang Group, provide Toss with technology, compared with the other two companies, the advantage is not particularly large.

My suggestion is to get more partners.Let's make the cake bigger together.

Otherwise, if the cake is too small, what's the point even if you hold 100% of the shares? "

Jin Fengjin glanced at Zhang Yida appreciatively. He thought Zhang Yida had said it very well.He also persuaded Li Shijia: "President Li, as long as you agree to our shareholding, the elegant brothers will do their best to help Toss in the new promotion."

Li Shijia hesitated for a while, and finally nodded and said: "Okay! Then everyone will work together!"

After some discussions, the elegant brothers will inject $2000 million into Toss, and Ruixiang will inject another $1000 million, making Toss a valuation of $1 million.

The pre-money valuation of US$7000 million is 2000 times higher than the US$3.5 million capital injection at the time of establishment.

锐向的直接持股也被稀释到了45.7%，但通过持有民国万岁公司25%股份间接持有Toss公司8.575%股份，通过持有优雅的兄弟们7.5%股份又间接持有Toss1.5%股份。

Direct shareholding plus indirect shareholding, Ruixiang will hold a total of 55.775% of Toss shares, firmly grasping the right to speak in the company.

The elegant brothers will hold 20% of Toss shares after the completion of the investment, which makes Jin Fengjin quite happy.

Li Shijia is not so happy, and the shareholding ratio of Minguo Wansui will drop from 49% to 34.3%.

Li Shijia suspected that Zhang Yidala's elegant brothers bought shares deliberately to weaken the voice of Minguo Wansui Company.

It turned out that Ruixiang and Minguo Wansui held 51% and 49% of the company's shares respectively.Although Ruixiang has a controlling stake, Long live the Republic of China also has a great say.

But after this round of financing, the shareholding ratio of Minguo Wansui and Ruixiang will be completely separated.

Looking at the sullen Li Shijia, Zhang Yida was about to give him a sweet date, so he said:

"President Li, Ruixiang and Yimin Wangjin have very mature solutions in many fields of Internet finance, such as small loans, insurance, wealth management loan intermediaries, credit big data...

I plan to transplant these mature solutions to Toss.

The current Toss is only valued at 1 million US dollars. Once the implantation of multiple businesses is completed, the future potential will be infinite.

The Republic of China Long Live Company will also receive substantial returns on investment.In addition, the daily operation of the company is still jointly managed by both of us. "

Jin Fengjin also said: "President Li, don't be so stingy. Zhang is always a well-known entrepreneurial hero. If you follow him, can you still suffer?"

Zhang Yida smiled and thought to himself: If you praise me so much, if you don't make any money, you might tear me up.

Li Shijia thought about it, and felt that although Jin Fengjin was suspected of flattering, what he said was not completely unreasonable.

Zhang Yida founded a financial technology company with a valuation of nearly 300 billion US dollars at a young age. In addition, he also founded Huimin Bicycle, Yimin Wangjin and other well-known companies.

Working with such a person, making money should not be a big problem.

Immediately, the resentment in my heart dissipated a lot, and I started to chat happily with Zhang Yida and Jin Fengjin about some other topics.

(End of this chapter)