Winning the new financial era

Chapter 229

Singapore central business district.

Inside the office building in the west block of Binhai Shengjing, Zhang Yida warmly shook hands with Chen Bingyao, the third generation of rich man, and said, "Mr. Chen, we meet again."

"Yes!" Chen Bingyao was quite emotional. When we met last year, we were all CEOs of start-up companies, and they were barely "equal".The difference is not too big.

When we met again this year, the other party was already well-known internationally.

Yimin.com was listed on Nasdaq, with a market value of US$60 billion; Ruixiang received a massive financing of US$25 billion, and its valuation swelled to nearly US$300 billion;
Huimin Travel Group launched the Green shared electric scooter, making it famous in Silicon Valley; Musical.ly squeezed out Facebook and YouTube, occupying No.1 in Apple's ranking...

There are too many similar news, even in Singapore, he keeps hearing about the outstanding achievements of this young man who is a whole round younger than himself.

"This is He Qingxuan, assistant to the chairman of Huimin Travel Group."

Zhang Yida introduced He Qingxuan who was standing behind him to Chen Bingyao. Chen Bingyao's eyes lit up, and a pretty Chinese girl stood in front of him.

Unlike girls in Southeast Asia, she has a unique graceful temperament.

Chen Bingyao went forward to shake hands with He Qingxuan again, and boasted, "Hello, Miss He, you are so beautiful!"

He Qingxuan frowned, feeling that this man spoke really directly.Before he came here, he had heard from Zhang Yida that this Chen Bingyao was from the third generation of a wealthy family, descended from a famous family in Malaysia, with a good family tradition and a higher education.

Now that I think about it, that's all.Due to affection, He Qingxuan nodded to him lightly: "Thank you for your compliment!"

Chen Bingyao made fun of himself, touched his nose, and asked Zhang Yida and others to sit down.

Seeing this, Zhang Yida also thought in his heart that Chen Bingyao might have been educated in Western style for a long time, and all his thoughts and behaviors were completely Westernized.Many Southeast Asian rich three generations, rich four generations are like him.

After taking his seat, Chen Bingyao began to chat with Zhang Yida. He said: "BTP.bike has already launched 1 shared bicycles in Singapore, but at the same time we have also encountered a lot of trouble."

Zhang Yida nodded, motioning for him to continue talking.

Chen Bingyao also said: "Singapore's land area is only 719.1 square kilometers. Although it has been reclaiming land from the sea, the foundation is here. No matter how reclaimed, the land area is not comparable to that of a prefecture-level city in China."

"I remember that Singapore's land area seemed to be more than 1965 square kilometers when it became independent in 580?" Zhang Yida asked.

Chen Bingyao nodded and said: "Yes, you are right. The area was that big when it became independent from Malaysia.

In the 50 years after the founding of the People's Republic of China, due to the influence of ocean currents, a large amount of sediment was deposited on Singapore and surrounding islands every year, which increased the land area of ​​Singapore by several square kilometers.

In addition, for Singapore, another major way to increase its land area is land reclamation.The land area created by reclamation now basically accounts for 23% of Singapore's total land area.

With the growth of Singapore's population, it is possible that this number will continue to rise in the future. "

Chen Bingyao paused, and then said: "Speaking so much, it means that Singapore's land is a very tight resource, and every foot and inch of land must be effectively used.

To protect the environment and the land, Singaporeans have gone to an almost pathological degree.

So our shared bicycles have been greatly regulated.Especially in the case of several shared bicycle companies emerging in the local area.

For example, obike, SG bike, they have also launched thousands of shared bicycles in Singapore.

I counted all the shared bicycles in Singapore, and the combined number of bicycles released has exceeded 3.

You know, the total population of Singapore is only 500 million people.

The size of this city is not as large as the capital city or Shanghai, so so many bicycles are put on the streets, especially the problem of random parking, which makes the Singapore Land Transport Authority very troubled.

In addition, many citizens feel that shared bicycles have blocked the streets and affected the convenience of urban transportation and the image of the city, so they frequently complain to the traffic management bureau.

The traffic management bureau has talked to me many times. The first is to control the number of bicycles to avoid waste of resources; the second is to enable electronic fences to solve the problem of random parking of bicycles. "

Through the huge floor-to-ceiling windows, Zhang Yida has a panoramic view of the prosperous scene of Tanjong Pagar Port in the distance.After pondering for a moment, he said, "Then stop expanding!"

Chen Bingyao asked again: "Do you mean to stop the expansion in Singapore, or the whole of Southeast Asia?"

Zhang Yida and Chen Bingyao looked at each other and said, "The whole of Southeast Asia."

"Why?" Chen Bingyao looked puzzled.

Zhang Yida explained: "There are too many problems in sharing bicycles to sea, and I think the model may not work."

Chen Bingyao looked at Zhang Yida suspiciously, and said, "You haven't tried this in other areas yet, so you gave up?"

"Singapore can't handle it, let alone other countries."

Chen Bingyao persuaded: "Singapore has a small land area and a small population. For countries like Indonesia, Malaysia, Thailand, Vietnam, and the Philippines, I think it is still possible to enter the trial operation."

"How much is the bicycle fee in Singapore?" Zhang Yida stared at Chen Bingyao and asked.

"S$1 per half hour." Chen Bingyao replied.

Zhang Yida added: "Singapore dollar is 1 yuan. The per capita income and currency exchange rate of other countries are not as high as Singapore. I am worried that I will lose money if I go there."

What Zhang Yida said was from his heart, that is, he valued Singapore's wealth, otherwise he would set up a yarn-sharing bicycle.

After Chen Bingyao listened, he kept frowning and thinking.After a long time, he said: "Then you have to try it! Are you not willing to invest in the cost of trial and error?"

Zhang Yida saw that he would not give up until the Yellow River, so he said: "Why don't you do this! You increase the capital of BTP.bike, and then purchase a batch of bicycles, and put them in several other countries for a try."

"Okay!" Chen Bingyao agreed without hesitation.Huimin Travel Group controls 70% of the shares of BTP.bike, and Grab only holds 30% of the shares.

Now that Zhang Yida is about to give up BTP.bike, he is willing to be the taker.

Seeing that he agreed so readily, Zhang Yida said, "You don't want to use shared bicycles to promote GrabPay, do you?"

Chen Bingyao smiled and said, "This is also a very good mobile payment promotion tool!"

"You have a good abacus!" Zhang Yida nodded secretly, this Chen Bingyao is indeed quite discerning.

Huimin Bicycle is also responsible for the promotion of Mobao Pay in China. It should be feasible to replicate this model in Southeast Asia.

However, Huimin Bicycle has 700 million bicycles and tens of millions of users in China.

Chen Bingyao wanted to copy his own path to success, and he was afraid that he would burn a huge sum of money.

But Zhang Yida wasn't tempted either. In his previous life, there was no shared bicycle in Southeast Asia that didn't hit the street.

I should focus on the domestic shared bicycles and the shared electric scooter market in Europe and the United States!
In other regions, try to participate in the form of technology authorization or a small amount of investment.

If you succeed, get a share.If it is not successful, it will not affect the main market of Huimin Travel Group.

Good steel must be spent wisely!

The two negotiated a joint venture to share bicycles, and then talked about the joint venture electronic payment company GrabPay.

Chen Bingyao said: "Currently, GrabPay has opened up markets in many countries with the help of our taxi app Grab, but there are still a few application scenarios.

Our Grab plans to launch the food delivery software GrabFood this year. Taking this opportunity, GrabPay can also expand more application scenarios. "

"Are you planning to combine Didi and Meituan takeaway?" Zhang Yida said with a smile.

"Didi and Meituan are both very powerful companies, which are worth learning from." Chen Bingyao said modestly.

He has researched well-known mobile Internet companies in China.Under the right opportunity, he is ready to copy them one by one.

"Do you still have enough funds? Ruixiang can give you another investment."

Zhang Yida smiled and asked Chen Bingyao that he is very optimistic about Grab, the largest unicorn in Southeast Asia in the future.

Some time ago, Grab completed its E-round financing of US$3.5 million led by China Investment Corporation and followed by Didi.

Ruixiang also followed up with an investment of US$1 million and acquired a 18% stake in Grab based on a post-investment valuation of US$5.56 billion.

Chen Bingyao is also a business elite, so of course he would not do such things as "indiscriminate financing".

He has only completed a financing of 3.5 million US dollars, and he will not consider financing again within a year.

Financing is not as much as possible, and a series of issues such as the growth rate of the company, the rising valuation, and the right to speak of the management team must also be considered.

He shook his head quickly and said, "There won't be any further financing in the near future."

Zhang Yida said with a smile: "Ruixiang will always be your strongest backing, if you are short of money, just let me know."

Chen Bingyao knew exactly what Zhang Yida was up to.

By holding 5.56% of Grab's equity, Ruixiang indirectly holds 2.85% of GrabPay's equity, plus Ruixiang's direct holding of 49% of the equity. The total shares have achieved the purpose of controlling GrabPay.

Fortunately, Ruixiang has no strong intention to take away the management rights of GrabPay.On the contrary, it is still continuously providing various mobile payment patents and technologies of Ruixiang.

He also saw clearly the purpose of Ruixiang. He only wanted to make money and mainly focused on commercial interests. He respected the founding management team headed by him very much.

"By the way, GoJek is also a company you invested in, right?"

Faced with Chen Bingyao's question, Zhang Yida felt a little embarrassed. Betting on both sides is indeed a bit unethical.

But there was nothing he dared to admit, Zhang Yida nodded and said, "Yes. What's the matter?"

"We are going to enter the Indonesian market. This knife has no eyes, but it will not show mercy."

Although Chen Bingyao said it more tactfully, Zhang Yida also sensed his displeasure, and said with a smile, "Business competition is a very normal thing."

Chen Bingyao thought to himself, don't blame me for defeating GoJek.

He is very confident in his Grab, and all his opponents are just chickens and dogs.

"By the way, there is a party tomorrow night, you can come too!" Chen Bingyao said.

(End of this chapter)