Winning the new financial era

Chapter 269 Beautiful Bubbles (Subscribe)
A passenger plane flying from Beijing to Singapore took off from the runway.

Zhang Yida was resting with his eyes closed, and Lei Dongming, who was sitting next to him, patted him awake, "The plane has already taken off, so it's time to tell me the amount of funds raised!"

"Not counting Ruixiang, Temasek, Heishan and Zhenge, and you Huayi, 12 Chinese chaebols in Southeast Asia contributed 9 million US dollars."

"Fuck!" Lei Dongming couldn't help but swear, "As expected of a family that has been passed down for generations, you are so rich."

Lei Dongming said again: "However, you are the most powerful one, who "flicked" 9 million from these traditional manufacturing families."

"It's not that I'm good, it's that Ruixiang has proved its investment vision and investment performance with practical actions."

"How much money did Hua Yi invest?" Zhang Yida was most concerned about this question.

Lei Dongming compared a finger, thought for a while, and added another finger.

"20 billion?" Zhang Yida nodded, "Okay, I'm sure you are my friend."

"You are so beautiful." Lei Dongming said angrily, "2 million US dollars, you have to be steady, Hua Yi has never had a DPI cash return rate, and we are all counting on you to create some miracles for us."

"That's so fast." Zhang Yida sighed, "It's normal for a venture capitalist to not make money in three to five years. Especially recently, there is too much hot money in the market, and the relationship between supply and demand is not balanced.

More money, less good projects, many unicorns are beautiful bubbles.

You see, three or four years later, everyone will pay for everything they do today. "

"It's not that exaggerated, is it?" Lei Dongming didn't believe it, and said again: "According to this, Ruixiang and Huimin's trips are also beautiful bubbles?"

"The valuation of Ruixiang is seriously underestimated." Zhang Yida only commented on Ruixiang, but kept silent about Huimin travel.

"Do you think there is a bubble in Huimin's trip?" Lei Dongming asked in a low voice, and after asking, he looked around to check if anyone was eavesdropping.

"Hmm!" Zhang Yida made a soft nasal sound.

"Don't say what you said," Lei Dongming reminded kindly, "Anyone can say this, but you can't say it. Especially you are the inventor and initiator of the "sharing economy."

"Who is so wicked to give me such a big label?" Zhang Yida couldn't imagine the accusations he might face after the bubble burst in the future.

"Hey, how can I live from now on?"

Lei Dongming thought that Zhang Yida was pretending to be aggressive again, and nuzzled, "Come on, stop acting. Now you are the inventor of the sharing economy, do you know how much fame this has brought you?

And this kind of fame has also fed back to the company under your name.

Think about it for yourself, how much promotion fee did you save?That's fine, you're getting cheap and acting like a good boy. "

Zhang Yida thinks about it too, the reputation that Ruixiang has brought to him is not as good as that of Huimin Bicycle.

After becoming famous, it did save a lot of promotion fees.Among other things, the investors of Yimin Wealth Management and Ruimin Wealth Management are quite at ease with themselves.

In their words: Anyone can run away, except Zhang Yida.

He dared to run away, and I went to the street to take his shared bicycle home to pay off the debt.

Listen, what a simple word.Anyway, Zhang Yida felt his heart warm when he heard it. These words are not rude, and they are all support and affirmation for Zhang Yida inside and out.

In investor surveys, the safety level of Ruimin and Yimin Wealth Management has always been ranked among the top five.

"I'm a little worried that I won't be able to complete the bet on Huimin bicycles."

Lei Dongming froze for a moment, then asked: "What's going on?"

"Ari and Didi have been wreaking havoc. First- and second-tier cities are basically free rides, and it is difficult to balance revenue."

Lei Dongming asked again: "What about the 80% market share?"

"It's still a little bit worse. According to statistics, the current market share is 73.68%. The stock of shared bicycles is about 950 million, and we have 700 million."

Zhang Yida's uncommon worry became aroused. It is really difficult to do a good job in sharing bicycles. Now he is a little bit hard to get off.

However, the most important thing about shared bicycles is the traffic entrance. Its own liquidity is a bit weak, and it needs blood transfusions from giants, and it needs to provide a large ecological environment to monetize.

"At that time, the 80% market share of the VAM agreement was based on the number of bicycles or the order?"

Lei Dongming smiled, "We are only a small shareholder. It has been half a year, and I almost forgot about it."

"The number of bicycles or any item of the order reaches 80% and the bet is completed."

Zhang Yida looked worried, "The proportion of the number of bicycles is still a little higher, 73.68%. The number of orders is not counted, but considering that some of our bicycles are arranged in third- and fourth-tier cities, this has lowered our average order.

Although the specific data is not counted, the guess is definitely lower than 70%. "

"Let me do the math for you!" Lei Dongming, who studied mathematics, quickly helped Zhang Yida calculate the result.

"Under the premise that other players do not increase the number of bicycles, you need to put in another 300 million bicycles.

存量700万加上增量300万，合计就是1000万，除以增加300万后的总量1250万，刚好就是80%。”

Zhang Yida rubbed his temples, "300 million vehicles means 30 billion RMB. The money in the account is less than 10% of this amount."

"Fuck, 15 billion US dollars, nearly 100 billion yuan, just spent it all?"

Lei Dongming's voice was very low, and his expression was unusually exciting. He sighed: "It's too expensive. This is to invite people from all over the country to ride a bicycle!"

"Another $10 billion in funding should end China's bike-sharing wars."

Lei Dongming shook his head disapprovingly, "Nowadays, the industry generally dare not touch shared bicycles. Your large sum of US$15 billion has really scared them."

Zhang Yida breathed a sigh of relief. This is one of the benefits of burning more than 100 billion yuan. The situation of sharing bicycles is much better than the "red and yellow hegemony" in his previous life.

Giants like Ali dare not rashly invest more than 100 billion yuan to fight an "unpredictable" bike-sharing battle with Huimin Bicycle.

Ahri will not act rashly until the bike-sharing situation reverses, or until greater business prospects are revealed.

Of course, these are Zhang Yida's guesses, and it's not impossible for Jack Ma to spend more than 100 billion if he wants to mess with him.

The key depends on whether it is worth it or not, how high is the return if you win?
"Let me do the math for you."

Lei Dongming turned on the calculator and murmured in a low voice: "You pooled up 260 million dollars yourself, the angel round Huayi Capital invested 250 million dollars, the A round was 5000 million dollars, the A+ round was 1.25 million dollars, the B round was 3 million dollars...

I'll wipe off that $10 change for you, and a total of $19.8 billion has been raised..."

Lei Dongming was a little terrified when he calculated this result, and wanted to ask Zhang Yida where did the money go?

"Equity financing is only 9.8 million U.S. dollars, and there is still 10 billion U.S. dollars in debt financing, which must be repaid."

Lei Dongming reminded in a low voice, and secretly observed Zhang Yida's expression. Seeing that his face was normal, he also secretly admired him. He has the demeanor of a big boss, with a debt of 10 billion US dollars, without blinking his eyes.

Zhang Yida was recalling the financing process of Xiaohuangche and Baimo in his previous life. They each raised more than one billion US dollars in equity and debt financing, suppressed the supplier's payment, and then used the user's deposit.

Huimin Bike does not touch users' deposits, nor does it default on suppliers' payments, so financing is spent much faster.

In addition, Huimin Bicycle added a Green shared electric scooter, which also consumed part of the cash of Huimin Travel Group, but most of the money was still spent on Huimin Bicycle in China.

"Okay, let's not talk about that."

The topic is heavy, and Zhang Yida's mood is also heavy, so he doesn't want to continue this topic anymore.

"Otherwise, let Ruixiang Industry Fund take another bite of Huimin bicycles."

Lei Dongming thought for a while, and then suggested, "In addition, spin off Green and raise funds separately.

I heard that many bigwigs in Silicon Valley are interested in Green, but they are a bit discouraged because they are concerned about China's Huimin Bicycle and Huimin Travel Group's valuation of billions of dollars? "

"There is such a thing, their request is to split Green, Huimin Travel Group as the holding company.

Green and Huimin Bike are financially independent, and Green has independent financing and will be listed independently in the future. "

After hearing this, Lei Dongming said with a serious face: "I think this suggestion should be adopted. Not only can Green not produce blood, losses will also drag down Huimin Bicycle.

Huimin Bicycle's losses were already severe enough, but with Green's oily bottle, it would be even worse. "

"I will seriously consider it."

Zhang Yida asked again: "Are you serious about letting Ruixiang Industrial Fund invest? Don't you hate insider trading the most?"

"How can this be considered insider trading?" Lei Dongming laughed, "Huimin Bicycle is still a very good project based on its size and traffic, so losses can be ignored first.

After all, the market has not yet decided the outcome, and it is unrealistic to consider profits.

If Rui invests in industry funds, it is best to find a few follow-up investors, so that it looks at least a little more open and transparent. "

"You have quite a lot of crooked ideas!" Zhang Yida thought for a while, Lei Dongming's method is really feasible.Don't say anything else, let's finish the bet first.

"Why did I lose my mind again?" Lei Dongming spread his hands, expressing his innocence.

"Okay, okay, thank you for your suggestion." Zhang Yida sent his thanks from the bottom of his heart. After all, Lei Dongming's suggestion was really based on protecting his own interests.

"You should do more work as an investor!" Lei Dongming winked at him, "You are so good at fooling around, whether you can pass the test this time is up to you."

"He's not stupid. He's not as easy to fool as you say."

Zhang Yida was really persuaded. Now that the bike-sharing bubble has not been burst, it should still be possible to fool investors.

"Let's melt less!"

Lei Dongming was also afraid of the gold-swallowing monster of shared bicycles. He patted Zhang Yida on the shoulder and said:

"Enough is enough, if there is less, even if the shared bicycle fails, other projects of the industry fund can still earn a little bit, and the rate of return of the industry fund will not be so ugly.

Everyone's face is also passable! "

"you are right."

Zhang Yida thought for a while, and then said, "Perhaps we should adjust the cost of bicycles. 1000 yuan a bicycle is a bit unaffordable."

"Don't drop too much in quality, and don't lose all the hard-earned word-of-mouth."

Lei Dongming looked at Zhang Yida with complicated eyes, holding such a hot potato in his hands, it's hard to say what will happen in the future!
(End of this chapter)