Winning the new financial era
Chapter 431 A wealthy friend who came from afar
Chapter 431 A wealthy friend who came from afar
"Acquire Ruixiang?"
Liu Zhiping and Ren Yu were stunned by the question raised by Bonima.
"is this necessary?"
Ren Yu asked a question first, and then put forward his own point of view: "We have Ruixiang, and we all have it. The acquisition of Ruixiang is just a simple addition, and it will not achieve the effect of one plus one greater than two."
"That's right," Liu Zhiping nodded, "The acquisition of Ruixiang can only bring about a limited increase in market share, but it's not enough for us to completely overwhelm Leech Financial Services."
Bonima shook his head, "You all underestimated Rui Xiang and Zhang Yida.
Ruixiang has made remarkable achievements in the mobile payment markets of Southeast Asia and India, and it is not inferior to Leech Financial Services at all.
WeChat, the overseas version of WeChat, has been half-dead. Except for the local Chinese who are using it, it has basically not entered the local market.
I was thinking, if we aggregate and promote those overseas e-wallets on WeChat, just like the relationship between WeChat and WeChat Pay, will this bring some breakthroughs to our overseas business? "
"Disaster!"
Ren Yu thinks that Pony is too optimistic. This is like a story of which came first, the chicken or the egg.
Make instant messaging software first, and then promote mobile payment, which will get twice the result with half the effort.
On the contrary, get twice the result with half the effort!
"Pony, do you know what Ruixiang's valuation is?" Liu Zhiping asked seriously.
"There has been no financing for two years, and I can't guess!"
Ponima shook his head first, and then said: "Two years ago it was 275 billion U.S. dollars. Now it should be doubled, 550 billion U.S. dollars!"
Liu Zhiping nodded, he generally agreed with this number.
He opened his mouth and said: "The current market value of our Penguin has only exceeded 3 trillion Hong Kong dollars, and it is only more than 3800 billion dollars when converted into US dollars.
Now, if you want to acquire a company with a valuation of at least 550 billion US dollars, you must carefully consider it! "
Ren Yu frowned tightly, "An all-cash acquisition is basically unrealistic, and we can't afford so much money.
At most, it will pay $100 billion in cash and issue another $450 billion in stocks.
Calculated in this way, it is almost the same as Zhonghe Group's acquisition of Kuaishou, and it needs to dilute 10% of the shares.
Deduct the 18.18% of the shares we already hold, acquire the remaining 81.82% of the shares, and spend at least US$80 billion in cash, plus an additional [-]% of the shares. "
"Although the equity has been diluted, the intrinsic value of the company has increased. These benefits will eventually be reflected in the stock price, and shareholders and friends will pay for it."
It is not unacceptable for Ponymar to issue more than eight additional shares.
Mainly depends on whether it is worth it or not!
If the acquisition of Ruixiang can bring greater benefits, then he will promote it without hesitation.
"We have discussed so much now, the only thing we haven't discussed is Zhang Yida's attitude."
Ponima looked at Ren Yu, "Do you think he won't sell?"
"Based on what I know about him, the possibility is not low." Liu Zhiping also interjected.
"He can sell Huimin when he travels, why can't Ruixiang sell it?"
Ponima laughed and said, "I almost sold the penguin back then! It's a pity that no one knows what it is."
"This is different. At that time, Penguin didn't find the right profit model. Facing the skyrocketing number of users, it couldn't even rent servers."
Ren Yu changed his voice, "And what about Ruixiang? There has been no financing for two years, and the revenue has reached balance.
The harvest season seems to be approaching.In this case, Zhang Yida will sell the company? "
"Let's evaluate it, and ask professionals to conduct a comprehensive evaluation on market share, revenue, business synergy and other aspects.
We are only talking on paper right now.The final decision has to be made based on the evaluation results. "
Bonima smiled at Liu Zhiping, "Okay, then I'll leave this to you."
"Okay, leave it to me!"
Liu Zhiping accepted the task with a smile.
……
A white private plane landed at Beijing Capital Airport.
Zhang Yida received a group of rich oil tycoons from the United Arab Emirates in the VIP private passage.
"Mr. Mansur, long time no see!"
Zhang Yida greeted Manchester City owner Sheikh Mansour who was walking in the front.
Instead of the traditional abaya, the royal-turned-born wore a suit.
Since it is not an official state visit, the dress code is more casual.
"My friend, thank you for inviting me to participate in the E-round financing of Ruixiang Digital Technology Group."
Seeing Zhang Yida personally greeted him at the airport, Mansur was very happy for the courtesy he received.
He smiled and shook hands with Zhang Yida, and added: "Also, thank you very much for coming to pick me up in person."
Zhang Yida smiled, "There is an old saying in China: It is a great pleasure to have friends come from afar.
We are friends, little things are nothing! "
"Yes, we are friends!" Mansur echoed with a smile.
In order to welcome Mansur and his party, Zhang Yida rented [-] Rolls-Royces specially, and did a lot of ostentation.
Zhang Yida and Mansur boarded the first Rolls-Royce, and the next eleven Rolls-Royces were filled with the entourage who came to the capital with Mansur in twos and threes.
They are all professionals in legal affairs, auditing, financial technology, artificial intelligence and other fields sent by Abu Dhabi Investment Authority to participate in the financing.
It can be seen that the Abu Dhabi Investment Authority attaches great importance to this private equity investment, otherwise Mansour would not have made the investment himself, and also brought more than 20 related professionals.
Zhang Yida's four bodyguards were all on duty today, two by two, each driving a Mercedes-Benz G, guarding the Rolls-Royce motorcade head to tail.
14 cars, with a total value of more than 1 million yuan, are still very eye-catching on the road.
From time to time, pedestrians on the side of the road and drivers who stopped at traffic lights took pictures of the convoy.But you can only take pictures of the outside, not the inside of the car.
Sitting in the car, Zhang Yida didn't say anything else.Instead, he told Mansour about the history and current situation of China's Internet development.
Mansur listened carefully, and he had done some homework before coming here, but according to the information, the story told by Zhang Yida was far less moving.
"So, Qiandu has fallen behind, and the two largest Internet groups in China are Ali and Penguin?"
Mansur also asked curiously after hearing Zhang Yida talk about this passage.
"Yes, there are many companies that are qualified to compete for the third largest Internet company, and the one with the greatest hope is Zhonghe Group."
Zhonghe Group?Isn't that your own company?
Mansur glanced at Zhang Yida, and said with a half-smile: "How did I hear that Leech Financial Services Group, Didi Travel Group, and Rice Group are all qualified to compete?"
These days, oil tycoons are not easy to fool around!
Zhang Yida sighed in his heart, but said seriously on the face: "Leeter Financial Services should be positioned in technology and finance, just like our Ruixiang, not a pure Internet company.
Rice Group is mainly engaged in hardware, not counting; beep... the valuation is only close to 600 billion U.S. dollars!
Zhonghe Group has a valuation of 800 billion US dollars. "
"$800 billion!"
Mansur frowned, "Didn't you just complete the $45 billion Series B round of financing a few months ago, with a post-investment valuation of $400 billion?"
"You know all of this?" Zhang Yida was also taken aback, but it's normal to think about it carefully. After all, he has to invest a huge amount of money, so it's impossible not to do his homework in advance.
"Zhonghe Group has acquired Kuaishou, the largest domestic short video competitor, and we are already the well-deserved No.1 in the domestic short video track."
After speaking, Zhang Yida asked Mansur again: "You know YouTube, right?"
"You know, the world's No.1 long video, Google has done a good business."
Zhang Yida asked again: "Then do you know how much he is worth?"
Mansur thought for a while, then shook his head and said, "It's hard to speculate, Google's market value is hundreds of billions of dollars, and YouTube should account for one-tenth of it?"
Hearing this, Zhang Yida knew that Mansur, who had learned for a while, was still an amateur after all.
"According to analysts' speculation, YouTube's revenue this year should not be less than 150 billion US dollars, multiplied by 7 times the price-to-sales ratio, at least a valuation of [-] billion US dollars."
Mansur spread his hands, "Does this have anything to do with Zhonghe Group?"
"Of course, it has a lot to do with it! YouTube occupies the long video track, and Zhonghe Group occupies the short video track.
They have over a billion monthly active users, and we're almost there.
In the Chinese market alone, there are at least 7-8 million monthly active users.
When our overseas layout is completed, Zhonghe Group's short videos will reach at least 20 billion monthly active users.
How much advertising revenue can this contribute?At least not lower than YouTube.
In addition, there is a company called Pinduoduo in the Zhonghe Group, which makes Ari very afraid..."
After listening to Zhang Yida's long speech, Mansour squeezed his chin, "Listen to you, the valuation of Zhonghe Group may reach 2000 billion U.S. dollars in two years' time?"
"At least this number." Zhang Yida said firmly.
"Short videos, advertisements, live e-commerce, social e-commerce..."
Mansur mumbled word by word, looked at Zhang Yida, and praised: "It's amazing! A great company will be born under your hands."
Zhang Yida smiled modestly, "How can my industry compare with Abu Dhabi Investment Authority!"
"When the matter of Ruixiang Group is over, can you take me to Zhonghe Group to have a look?"
Zhang Yida said with a smile: "Of course, Zhonghe Group also has a global map software, which can see the number of users in each city... I will show you when the time comes!"
"That's so interesting, you must see it!" Mansur said happily.
If you see it, you may be about to fall into the pit.Zhang Yida thought.
He looked at Mansoor as if he saw a mountain shining with gold.
Mansour made a very clear investigation of his industry, and he also made a very clear investigation of the UAE Abu Dhabi Investment Authority behind Mansour.
The United Arab Emirates (UAE) is composed of seven emirates, including Abu Dhabi, Dubai, and Sharjah, and was established in 1971.
Abu Dhabi is the largest emirate in the United Arab Emirates, as well as the capital and largest economy of the United Arab Emirates. It is almost equivalent to the Zhou Dynasty royal family and the largest princes in the ancient enfeoffment system.
The Abu Dhabi Investment Authority, the sovereign wealth investment fund of the emirate, manages assets of up to 7000 billion U.S. dollars.
Like the Saudi sovereign wealth fund, it also invested a lot of money in Sun Zhengyi's Softbank Vision Fund.
Before the 60s, Abu Dhabi was just a small fishing village. Because of its rich pearls, the local people made a living by digging pearls and fishing.
Until 1960, a large amount of oil was discovered in the United Arab Emirates, more than 9% of which was in Abu Dhabi, and Abu Dhabi became an oil tycoon.
Its GDP in 1970 reached 8.985 million US dollars. Based on the population at that time, the per capita GDP was as high as 1.35 US dollars, more than twice the per capita GDP of the United States during the same period.
However, the oil resources will eventually be exhausted, and the Abu Dhabi government, aware of this, began to look for a way to increase revenue sustainably.
In 1976, the International Petroleum Investment Company, which is controlled by the Abu Dhabi government, set out to establish the Abu Dhabi Investment Authority (ADIA) to use the money earned from oil exports for investment. The investment portfolio spans regions and involves multiple asset types.
In recent years, there has also been frequent investment in China.
Participated in the fixed increase of H shares of Pacific Insurance, the cornerstone investment of Cinda Assets IPO, etc.
The fund is relatively stable, and the average annualized rate of return for 20 years is only 5.4%.
In private equity investment, there are not many large-scale investment projects.
But the other party was willing to participate in the E-round financing of Ruixiang Group. Zhang Yida guessed that he was also dissatisfied with the return on investment.
Thanks for the passing of Feng の, book friend 20170208163722469, two book friends for their rewards!
(End of this chapter)
"Acquire Ruixiang?"
Liu Zhiping and Ren Yu were stunned by the question raised by Bonima.
"is this necessary?"
Ren Yu asked a question first, and then put forward his own point of view: "We have Ruixiang, and we all have it. The acquisition of Ruixiang is just a simple addition, and it will not achieve the effect of one plus one greater than two."
"That's right," Liu Zhiping nodded, "The acquisition of Ruixiang can only bring about a limited increase in market share, but it's not enough for us to completely overwhelm Leech Financial Services."
Bonima shook his head, "You all underestimated Rui Xiang and Zhang Yida.
Ruixiang has made remarkable achievements in the mobile payment markets of Southeast Asia and India, and it is not inferior to Leech Financial Services at all.
WeChat, the overseas version of WeChat, has been half-dead. Except for the local Chinese who are using it, it has basically not entered the local market.
I was thinking, if we aggregate and promote those overseas e-wallets on WeChat, just like the relationship between WeChat and WeChat Pay, will this bring some breakthroughs to our overseas business? "
"Disaster!"
Ren Yu thinks that Pony is too optimistic. This is like a story of which came first, the chicken or the egg.
Make instant messaging software first, and then promote mobile payment, which will get twice the result with half the effort.
On the contrary, get twice the result with half the effort!
"Pony, do you know what Ruixiang's valuation is?" Liu Zhiping asked seriously.
"There has been no financing for two years, and I can't guess!"
Ponima shook his head first, and then said: "Two years ago it was 275 billion U.S. dollars. Now it should be doubled, 550 billion U.S. dollars!"
Liu Zhiping nodded, he generally agreed with this number.
He opened his mouth and said: "The current market value of our Penguin has only exceeded 3 trillion Hong Kong dollars, and it is only more than 3800 billion dollars when converted into US dollars.
Now, if you want to acquire a company with a valuation of at least 550 billion US dollars, you must carefully consider it! "
Ren Yu frowned tightly, "An all-cash acquisition is basically unrealistic, and we can't afford so much money.
At most, it will pay $100 billion in cash and issue another $450 billion in stocks.
Calculated in this way, it is almost the same as Zhonghe Group's acquisition of Kuaishou, and it needs to dilute 10% of the shares.
Deduct the 18.18% of the shares we already hold, acquire the remaining 81.82% of the shares, and spend at least US$80 billion in cash, plus an additional [-]% of the shares. "
"Although the equity has been diluted, the intrinsic value of the company has increased. These benefits will eventually be reflected in the stock price, and shareholders and friends will pay for it."
It is not unacceptable for Ponymar to issue more than eight additional shares.
Mainly depends on whether it is worth it or not!
If the acquisition of Ruixiang can bring greater benefits, then he will promote it without hesitation.
"We have discussed so much now, the only thing we haven't discussed is Zhang Yida's attitude."
Ponima looked at Ren Yu, "Do you think he won't sell?"
"Based on what I know about him, the possibility is not low." Liu Zhiping also interjected.
"He can sell Huimin when he travels, why can't Ruixiang sell it?"
Ponima laughed and said, "I almost sold the penguin back then! It's a pity that no one knows what it is."
"This is different. At that time, Penguin didn't find the right profit model. Facing the skyrocketing number of users, it couldn't even rent servers."
Ren Yu changed his voice, "And what about Ruixiang? There has been no financing for two years, and the revenue has reached balance.
The harvest season seems to be approaching.In this case, Zhang Yida will sell the company? "
"Let's evaluate it, and ask professionals to conduct a comprehensive evaluation on market share, revenue, business synergy and other aspects.
We are only talking on paper right now.The final decision has to be made based on the evaluation results. "
Bonima smiled at Liu Zhiping, "Okay, then I'll leave this to you."
"Okay, leave it to me!"
Liu Zhiping accepted the task with a smile.
……
A white private plane landed at Beijing Capital Airport.
Zhang Yida received a group of rich oil tycoons from the United Arab Emirates in the VIP private passage.
"Mr. Mansur, long time no see!"
Zhang Yida greeted Manchester City owner Sheikh Mansour who was walking in the front.
Instead of the traditional abaya, the royal-turned-born wore a suit.
Since it is not an official state visit, the dress code is more casual.
"My friend, thank you for inviting me to participate in the E-round financing of Ruixiang Digital Technology Group."
Seeing Zhang Yida personally greeted him at the airport, Mansur was very happy for the courtesy he received.
He smiled and shook hands with Zhang Yida, and added: "Also, thank you very much for coming to pick me up in person."
Zhang Yida smiled, "There is an old saying in China: It is a great pleasure to have friends come from afar.
We are friends, little things are nothing! "
"Yes, we are friends!" Mansur echoed with a smile.
In order to welcome Mansur and his party, Zhang Yida rented [-] Rolls-Royces specially, and did a lot of ostentation.
Zhang Yida and Mansur boarded the first Rolls-Royce, and the next eleven Rolls-Royces were filled with the entourage who came to the capital with Mansur in twos and threes.
They are all professionals in legal affairs, auditing, financial technology, artificial intelligence and other fields sent by Abu Dhabi Investment Authority to participate in the financing.
It can be seen that the Abu Dhabi Investment Authority attaches great importance to this private equity investment, otherwise Mansour would not have made the investment himself, and also brought more than 20 related professionals.
Zhang Yida's four bodyguards were all on duty today, two by two, each driving a Mercedes-Benz G, guarding the Rolls-Royce motorcade head to tail.
14 cars, with a total value of more than 1 million yuan, are still very eye-catching on the road.
From time to time, pedestrians on the side of the road and drivers who stopped at traffic lights took pictures of the convoy.But you can only take pictures of the outside, not the inside of the car.
Sitting in the car, Zhang Yida didn't say anything else.Instead, he told Mansour about the history and current situation of China's Internet development.
Mansur listened carefully, and he had done some homework before coming here, but according to the information, the story told by Zhang Yida was far less moving.
"So, Qiandu has fallen behind, and the two largest Internet groups in China are Ali and Penguin?"
Mansur also asked curiously after hearing Zhang Yida talk about this passage.
"Yes, there are many companies that are qualified to compete for the third largest Internet company, and the one with the greatest hope is Zhonghe Group."
Zhonghe Group?Isn't that your own company?
Mansur glanced at Zhang Yida, and said with a half-smile: "How did I hear that Leech Financial Services Group, Didi Travel Group, and Rice Group are all qualified to compete?"
These days, oil tycoons are not easy to fool around!
Zhang Yida sighed in his heart, but said seriously on the face: "Leeter Financial Services should be positioned in technology and finance, just like our Ruixiang, not a pure Internet company.
Rice Group is mainly engaged in hardware, not counting; beep... the valuation is only close to 600 billion U.S. dollars!
Zhonghe Group has a valuation of 800 billion US dollars. "
"$800 billion!"
Mansur frowned, "Didn't you just complete the $45 billion Series B round of financing a few months ago, with a post-investment valuation of $400 billion?"
"You know all of this?" Zhang Yida was also taken aback, but it's normal to think about it carefully. After all, he has to invest a huge amount of money, so it's impossible not to do his homework in advance.
"Zhonghe Group has acquired Kuaishou, the largest domestic short video competitor, and we are already the well-deserved No.1 in the domestic short video track."
After speaking, Zhang Yida asked Mansur again: "You know YouTube, right?"
"You know, the world's No.1 long video, Google has done a good business."
Zhang Yida asked again: "Then do you know how much he is worth?"
Mansur thought for a while, then shook his head and said, "It's hard to speculate, Google's market value is hundreds of billions of dollars, and YouTube should account for one-tenth of it?"
Hearing this, Zhang Yida knew that Mansur, who had learned for a while, was still an amateur after all.
"According to analysts' speculation, YouTube's revenue this year should not be less than 150 billion US dollars, multiplied by 7 times the price-to-sales ratio, at least a valuation of [-] billion US dollars."
Mansur spread his hands, "Does this have anything to do with Zhonghe Group?"
"Of course, it has a lot to do with it! YouTube occupies the long video track, and Zhonghe Group occupies the short video track.
They have over a billion monthly active users, and we're almost there.
In the Chinese market alone, there are at least 7-8 million monthly active users.
When our overseas layout is completed, Zhonghe Group's short videos will reach at least 20 billion monthly active users.
How much advertising revenue can this contribute?At least not lower than YouTube.
In addition, there is a company called Pinduoduo in the Zhonghe Group, which makes Ari very afraid..."
After listening to Zhang Yida's long speech, Mansour squeezed his chin, "Listen to you, the valuation of Zhonghe Group may reach 2000 billion U.S. dollars in two years' time?"
"At least this number." Zhang Yida said firmly.
"Short videos, advertisements, live e-commerce, social e-commerce..."
Mansur mumbled word by word, looked at Zhang Yida, and praised: "It's amazing! A great company will be born under your hands."
Zhang Yida smiled modestly, "How can my industry compare with Abu Dhabi Investment Authority!"
"When the matter of Ruixiang Group is over, can you take me to Zhonghe Group to have a look?"
Zhang Yida said with a smile: "Of course, Zhonghe Group also has a global map software, which can see the number of users in each city... I will show you when the time comes!"
"That's so interesting, you must see it!" Mansur said happily.
If you see it, you may be about to fall into the pit.Zhang Yida thought.
He looked at Mansoor as if he saw a mountain shining with gold.
Mansour made a very clear investigation of his industry, and he also made a very clear investigation of the UAE Abu Dhabi Investment Authority behind Mansour.
The United Arab Emirates (UAE) is composed of seven emirates, including Abu Dhabi, Dubai, and Sharjah, and was established in 1971.
Abu Dhabi is the largest emirate in the United Arab Emirates, as well as the capital and largest economy of the United Arab Emirates. It is almost equivalent to the Zhou Dynasty royal family and the largest princes in the ancient enfeoffment system.
The Abu Dhabi Investment Authority, the sovereign wealth investment fund of the emirate, manages assets of up to 7000 billion U.S. dollars.
Like the Saudi sovereign wealth fund, it also invested a lot of money in Sun Zhengyi's Softbank Vision Fund.
Before the 60s, Abu Dhabi was just a small fishing village. Because of its rich pearls, the local people made a living by digging pearls and fishing.
Until 1960, a large amount of oil was discovered in the United Arab Emirates, more than 9% of which was in Abu Dhabi, and Abu Dhabi became an oil tycoon.
Its GDP in 1970 reached 8.985 million US dollars. Based on the population at that time, the per capita GDP was as high as 1.35 US dollars, more than twice the per capita GDP of the United States during the same period.
However, the oil resources will eventually be exhausted, and the Abu Dhabi government, aware of this, began to look for a way to increase revenue sustainably.
In 1976, the International Petroleum Investment Company, which is controlled by the Abu Dhabi government, set out to establish the Abu Dhabi Investment Authority (ADIA) to use the money earned from oil exports for investment. The investment portfolio spans regions and involves multiple asset types.
In recent years, there has also been frequent investment in China.
Participated in the fixed increase of H shares of Pacific Insurance, the cornerstone investment of Cinda Assets IPO, etc.
The fund is relatively stable, and the average annualized rate of return for 20 years is only 5.4%.
In private equity investment, there are not many large-scale investment projects.
But the other party was willing to participate in the E-round financing of Ruixiang Group. Zhang Yida guessed that he was also dissatisfied with the return on investment.
Thanks for the passing of Feng の, book friend 20170208163722469, two book friends for their rewards!
(End of this chapter)
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