Winning the new financial era

Chapter 426 The First Global Technology Company
"The acquisition of Xiaomeng can not only lay out the young people's market, but also complement the existing business of Zhonghe Group..."

On the board of directors of Zhonghe Group, Zhang Yida threw out a draft to acquire Xiaomeng.

All the directors here are listening attentively. Acquiring a company with 5000 million users is not a trivial matter.

They represent the interests of their respective companies and must weigh the pros and cons.

"University students have no income and their living expenses come from family support.

In China's current situation, most families are far from being rich.

The monthly living expenses that can be given to the children are only 2000 yuan.

So these students are our target users for Pinduoduo.

There are 2700 million college students in school, and while nearly 800 million people graduate every year, there will be an increase of more than 800 million.

This is not a small market.Once they develop the habit of shopping on Pinduoduo since college, they will slowly turn into loyal users of the platform.

As for Douvision, a large part of the video content is also provided by college students.

The acquisition of Xiaomeng not only enriches the content, but also expands our traffic boundary. "

Shen Beipeng, Xu Xiaoming and other directors nodded repeatedly, as long as the decision is beneficial to Zhonghe Group, they will unconditionally support it.

Liu Zhiping crossed his arms and looked thoughtful.

Penguin has been paying attention to the development of Xiaomeng, and he was a little relieved when he found that there was no borderless expansion and stopped at the campus.

Although they Penguins are not afraid of competition, they also respect every opponent.

"How is Xiaomeng's workplace version developing?"

Liu Zhiping is more concerned about this. Millions of college students graduate from school every year. It would be a pity if they were lost in vain.

"There will be plans to guide graduates to download the Xiaomeng Workplace Edition."

Zhang Yida smiled and said: "Oh, yes, it's renamed now, it's not called Xiaomeng Workplace Edition, it's called Bole.com."

"Mainly doing workplace social networking, job hunting..." Zhang Yida explained what Bole.com mainly does.

"That is to say, all the graduated users of Xiaomeng are converted to Bole.com, and Xiaomeng only provides campus social networking and campus services." Xu Xiaoming asked.

"That's right, the platform is purer and the user experience is better."

Bao Zheyu, who was sent by BlackRock to the board of directors of Zhonghe Group, asked: "After the acquisition of Xiaomeng and Bole, doesn't it become a competitor with LinkedIn?"

Zhang Yida shook his head and chuckled: "Mr. Bao's news is a bit late, Maimai's monthly active users have surpassed LinkedIn China, and now our biggest competitor should be Maimai.

LinkedIn, I do not deny that it is very successful in the US market, but it is really not doing very well in the Chinese market. "

Bao Zheyu shrugged, spread his hands and said, "Okay, I'm very sorry, it seems that I need to spend more time understanding the Chinese Internet."

Zhang Liping became the director of Zhonghe Group on behalf of the Blackstone Group. He is Chinese and is in charge of the Greater China region. He obviously knows more about the domestic Internet than Bao Zheyu.

He asked Zhang Yida: "Maimai was established relatively early in 12, and it has been developed for more than four years. Does Bole still have the opportunity to overtake on corners?"

Zhang Yida looked at him, "If you don't do it, you will never have a chance. If you do it, there may be a chance."

This answer obviously did not satisfy Zhang Liping. He said: "Lin Fan, the CEO of Maimai, is not a simple person. He is a 98th grade student in the Department of Computer Science, Aoki University. He is a member of the core founding team of Sogou. project.

在职期间，搜狗搜索日均收入从07年Q1到10年Q3增长350倍。

In addition, he is a Ph.D. in data mining and machine learning at the University of Maryland.

At the end of last year, he announced that Maimai had achieved revenue balance.

Bole.com has only entered this field now, so I am not very optimistic about it.

Workplace social networking is a vertical subdivision field, and it is difficult for multiple companies to survive. Basically, it is a situation where one company dominates.

I think Zhonghe Group should focus more on social e-commerce and short videos.

Instead of getting involved in all fields. "

The other directors turned to Zhang Yida to see how he would reply.

"Zhang Dong's opinion is very good," Zhang Yida smiled, "but I'm not a very believer in evil. What I like most is to send first.

Before Pinduoduo, there were Taobao, Goudong, and Vipshop...

Before Doushi, there were Meipai, Xiaokaxiu, Kuaishou...

There are too many examples to list them all.

We currently have 2500 million white-collar users, compared to the number of users, not far behind Maimai.

The only thing that lags behind is the business realization model.Don't worry about this, wait until it occupies 8% of the industry's market share. "

Zhang Liping opened his mouth, after thinking about it, he swallowed the words. Zhang Yida said everything, so he couldn't argue anymore.

After all, the other party is a major shareholder and chairman, and has its own authority to maintain.

A small project, it's not worth ruining the relationship.

A vote was then held, and except for Zhang Liping's abstention, the draft resolution on the acquisition of Xiaomeng was passed unanimously.

……

Regarding the acquisition, the staff of Ruixiang Group and Zhonghe Group were completely responsible for the matchmaking, and Zhang Yida did not intervene too much.

He is the major shareholder of the two companies, and it is not good to support either company, and the shareholders will have objections.

According to his heart, he wanted to lower the purchase price, because he holds 38.18% of the shares in Ruixiang Group and 63.36% in Zhonghe Group.

The lower the purchase price, the better for him personally.

After many rounds of negotiations, the purchase price was finally fixed at $5 million.

This price is also reasonable for Xiaomeng who has no income for the time being.

Ruixiang Group also has no objection, because Xiaomeng has been established for less than a year, and a total of 5 million yuan has been spent on promotion.

Now the value has increased by nearly 7 times, and the return is considered very good.

Shareholders of Zhonghe Group have no objection, because the acquisition is an "80% equity + 20% cash" plan.

Ruixiang received 1 million US dollars in cash and got back the initial cash investment.

Zhonghe Group issued an additional US$4 million in shares to Ruixiang, with a total valuation of US$404 billion.

Xiaomeng was originally a wholly-owned subsidiary of Ruixiang, and the capital injection of 5 million yuan also came from Ruixiang Group.

Therefore, the 0.99% additional shares issued by Zhonghe Group are for Ruixiang Digital Technology Group, not Ruixiang Industrial Investment Fund.

The GP of Ruixiang Industrial Investment Fund is Ruixiang Group, which holds 20% of the fund shares.

After the completion of this small merger, Zhang Yida's Cayman company's shareholding dropped to 62.73%; Ruixiang Industrial Investment Fund's shareholding also dropped from 3.37% to 3.34%.

The other shareholders have also been diluted in equal proportion, and the shareholding ratio has dropped to 99% of the original figure.

Zhonghe Group will own Douvision, Pinduoduo, Musical.ly, Digua Video, Jimeng, Xiaomeng, Bole and other Internet products.

In addition, it also holds part of the equity of Station B and Canxing Culture.

……

Zhang Yida hadn't seen Su Hua for a long time. Ever since he made a Douyin product, the relationship between the two has gradually become estranged.

This time, under the arrangement of Liu Zhiping, the two met in a private high-end club in Beijing.

Su Hua has a round face, wears glasses, and looks like an honest programmer.

When Zhang Yida saw this old friend whom he hadn't seen for a long time, he first extended his right hand and greeted with a smile: "President Su, long time no see!"

Su Hua was not as free and easy as Zhang Yida, a little unnatural.

However, he adjusted quickly, shook hands with Zhang Yida with a smile, and said a few more polite words.

He used to have a good relationship with Zhang Yida, but that time has passed to the beginning of 15.

At that time, Ruixiang Industrial Investment Fund participated in Kuaishou’s B+ round of financing and invested US$3000 million in Kuaishou.

Afterwards, Zhang Yida established DouTV and entered into short videos, and gradually everyone became estranged.

Zhang Yida also sent Lan Lan or other people from the industrial investment fund to attend any meetings at Kuaishou, mainly to avoid embarrassment.

Ruixiang is Ruixiang, Zhonghe is Zhonghe, and the two are different companies.Moreover, Ruixiang, as a shareholder, usually does not sing against the tune, just attends the meeting honestly, checks the financial report, and has a low sense of existence.

In this case, Su Hua did not clear out the few points of shares held by Ruixiang in Kuaishou.

There are still many shareholders like Ruixiang who are on two boats in Kuaishou. Heishan Capital and Penguin are both betting on both sides. Qiandu barely counts as half of it and also holds shares in Kuaishou.

The speed of Douvision's development was a bit beyond Su Hua's expectations.

He sometimes thinks about how Doushi started more than a year after Kuaishou, so why did he run ahead of Kuaishou all of a sudden.

What is the problem?Did he underestimate the enemy at the beginning?

It doesn’t matter if DouTV is so popular, Musical.ly overseas is also a dark horse that cannot be darker.

How hot it is, they have a clear concept only after going out to sea.

In the past, when media reporters said that Musical.ly topped the APP store rankings, they didn’t think it was that awesome.

When they went abroad this time and saw the Musical.ly software in the mobile phones of young people, they realized the strength of Musical.ly.

Basically all the employees they recruit overseas are playing Musical.ly.

Liu Zhiping was sitting on the other side of the sofa as the boss who brought the two of them together. He looked at the two of them and said to Zhang Yida:

"Yida, don't you want to meet Su Hua? I invited you today."

Zhang Yida nodded towards him: "Thank you Mr. Liu!"

In fact, what is the main purpose of this meeting?The three people present are very clear.

Liu Zhiping also wants to promote the merger of Kuaishou and Zhonghe Group, so as to increase Penguin's shareholding ratio and avoid internal friction.

Su Hua took Kuaishou to Brazil and other countries. After seeing the energy of Musical.ly, his heart was a little shaken.

Kuaishou in the domestic battlefield has already lagged behind DouTV by a large margin, and the gap overseas is even more desperate.

The winner-take-all rule of the Internet industry inevitably makes him hesitate. How should he go forward?
With all kinds of complicated thoughts, Su Hua agreed to meet Zhang Yida.

Zhang Yida pondered for a while, and said firstly, "Boss Su, we are all Penguin family members, so we will inevitably hurt our friendship and let outsiders take advantage of us."

Who is your family?DouTV's public relations department refers to Sang and Huai every day, calling Kuaishou Low.Now you and I are brothers, why did you go early?
I thought so, but I couldn't say it.Su Hua smiled and nodded, "Yes, my family~"

Seeing such a harmonious scene, Liu Zhiping was very satisfied, and he was two points more sure of the success of the matchmaking.

The acquisition of Kuaishou is of great significance to Zhonghe Group.

Once successful, there will be no rivals for domestic short videos, and Pinduoduo's live broadcast e-commerce business will also gain wings. Musical.ly can rest assured to expand overseas...

The benefits are endless!

In the previous life, when Douyin gained such a big advantage, Kuaishou could still be valued at nearly 300 billion US dollars.And it also spread the flames of war overseas, becoming one of the important roadblocks for Douyin to dominate the world.

Whenever he thinks about these things, Zhang Yida's determination to acquire Kuaishou becomes stronger.

Apart from Zhang Yida's desire to promote the merger, shareholders such as Penguin, Heishan Capital, Ruixiang, and Qiandu all have ideas in this regard.

"President Su, Kuaishou is also going overseas. What is your idea of ​​overseas markets?"

Su Hua looked at Zhang Yida and said with a serious face: "Short videos are a brand new track, very suitable for copying and launching overseas."

Zhang Yida nodded, and said: "A short video platform with 10 billion daily active users and 20 billion monthly active users worldwide, do you think it can compete with Facebook and Youtube? Is it China's first globalization platform?" Technology company?"

　Thank you Nian Heyi, youth should be presumptuous to reward!

　　
　
(End of this chapter)