Winning the new financial era

Chapter 435 Mu Xiu Yu Lin
The due diligence on Kuaishou has also been completed, and there are basically no major problems.

Due diligence is about the number of Kuaishou users, financial data, contract agreements, intellectual property rights, and the like.

And the most important asset - employees, Su Hua has also been appeased.

Zhonghe Group's acquisition of Kuaishou is not to buy an empty shell, and the employees of Kuaishou are also very valued by Zhang Yida.

If a large number of employees leave and the people from Zhonghe Group take over, it will inevitably be a flurry of hands and feet, and it may cause great fluctuations in performance.

After everything was confirmed, Zhang Yida and Su Hua signed the company acquisition agreement on behalf of their respective companies.

Since then, Kuaishou has officially changed ownership of Zhonghe Group!
The brand of Kuaishou will continue to be retained and become a wholly-owned subsidiary of Zhonghe Group.

The reason for this arrangement is also considering that the content tonality of the two short video platforms is different.

If you force the fusion, it might backfire!

Two short video platforms, one will focus on first- and second-tier cities in the future, and the other will focus on third- and fourth-tier cities and rural markets.

Hitting from both ends to the middle is enough to sweep the entire Chinese market and wipe out all users.

When the market is fully covered, the gap in content tonality will not be that big, and it will be a matter of course to merge into one.

After signing, Zhang Yida smiled and shook hands with Su Hua, "Welcome to the Zhonghe family!"

"Thank you!"

Su Hua smiled, "Thank you Mr. Zhang for your consideration, let's fight together for the goal of the world's number one short video platform!"

Su Hua's role status has entered very quickly, from the top CEO of Kuaishou to the president and third leader of the short video business group of Zhonghe Group.

He didn't have any resentment and dissatisfaction, he knew that Zhang Yida had put himself in a very important position.

In general company mergers and acquisitions, the CEO of the acquired company is given a seemingly high position, but actually has little real power.

When the acquisition target is digested and the rights are smoothly transitioned, you should retire honorably!Just like a mascot!
There is also a reason for Zhang Yida's arrangement.

Su Hua is a capable person, there is no doubt about it, otherwise Kuaishou would not be here today.

Even if Kuaishou sold himself, it was sold at a sky-high price of 100 billion U.S. dollars, which has surpassed [-]% of entrepreneurs in the world.

As for loyalty, it's hard for Hyundai employees to say.

Generally, companies use high salaries plus equity and options to retain talents.

Zhonghe Group acquired Kuaishou. In addition to giving 20 billion US dollars in cash, it also issued an additional 10% equity to Kuaishou shareholders.

Su Hua owns a 20.42% stake in Kuaishou. In addition to receiving more than US$4 million in cash, he also obtained a 2.042% stake in Zhonghe Group.

With a shareholding ratio of more than 2%, Zhonghe Group is the largest individual shareholder other than Zhang Yida.

So, he, Su Hua, is also one of the many bosses of Zhonghe Group.

You should be motivated to work for yourself!
In addition, Su Hua also has great ambitions.

More than 4 million U.S. dollars in cash has indeed allowed him to live comfortably for the rest of his life.

But that alone doesn't make him a great entrepreneur.

Zhang Yida's grand blueprint for the world's largest short video platform still makes him daydream.

He decided to work with Zhang Yida.

After bringing the short video to the number one position in the world and making Zhonghe Group the world's top technology company, he will consider pursuing his next dream.

Anyway, he is still young and cannot be compared with Zhang Yida, but he is also born in the 80s, and he has a lot of time left in his life.

Zhang Yida still took care of Su Hua's spiritual enjoyment, and gave Su Hua the title of co-founder of Zhonghe Group.

The title of co-founder was originally owned by a group of small partners who started products from scratch.

Later, in order to introduce talents, it was slowly played by start-up companies.

The company has already completed the A round and the B round. The introduction of a CFO will not only divide the shares, but also give the title of co-founder.

It's just a title, Zhang Yida has nothing to be reluctant about.

His purpose is to give Su Hua a sense of belonging to Zhonghe Group through this title.

Su Hua wanted to decline the first time. He felt that the predecessors of Zhonghe Group, Doushi and Pinduoduo, had been born for more than two years. If he joins now, how can he be called a co-founder?
With this title, he, Su Hua, went out, who didn't know the details!
But Zhang Yida told him: Zhonghe Group has been on the road of starting a business, and partners who have made significant contributions to the company can become co-founders.

After the merger of Zhonghe Group and Kuaishou, it started a second venture.

So there is nothing wrong with your co-founder title.

Su Hua thinks about it too, it's just a title, and it doesn't matter if you wear it yourself.

Letting Kuaishou merge with Zhonghe Group by myself can indeed be said to have solved the other party's big troubles. It has made outstanding contributions to Zhonghe Group and deserves this courtesy.

Moreover, he is not the co-founder of Bareboard, but the second largest individual shareholder of Zhonghe Group, with an equity value of more than 100 billion yuan.

In addition to Su Hua, Chen Yixiao and other three former founders of GIF Kuaishou also made a lot of money.

Chen Yixiao also received about 3 million US dollars in cash, plus about 1.5% of Zhonghe Group's equity.

In addition, he joined Digua Video and served as CTO.

Yinxin and Yang Yuanxi each received 5000 million US dollars in cash, plus 0.2%-0.3% of Zhonghe Group's equity.

The two people with wealth and freedom chose to quit.

Zhang Yida also let them go and gave them a position as a senior consultant of Zhonghe Group.

After a while, the handover is completed, and the two will completely withdraw from Kuaishou and Zhonghe Group.

Of course, the equity of Zhonghe Group is still reserved.The two of them will be rich and enjoy life.

The Kuaishou shares of Heishan Capital, Penguin, Ruixiang Phase I Industrial Fund, and Qiandu were also replaced with shares of Zhonghe Group.

Penguin's shareholding ratio has not increased but decreased, from 14.5% before the merger to 14.45%.

Because the proportion of Penguin’s shares in Kuaishou is not high, only 14%, and not all of them have been exchanged, only 80% of them have been exchanged.

For the other 20%, Penguin received a cash return of 2.8 million U.S. dollars, almost getting back the capital of 3.5 million U.S. dollars in Kuaishou.

Ruixiang’s shareholding in Zhonghe is 3.006% for the third fund and 0.38% for the first fund.

Zhang Yida's personal shareholding in Zhonghe Group dropped to 56.46%.

Zhonghe Group acquired Kuaishou at a sky-high price of 100 billion US dollars. The news came out, which also shocked the eyes.

Many people say that it is not worth it and that it is a loss.

There are also people in the industry who believe that it is not a loss at all. Zhonghe Group will monopolize the short video track in the future. It is rare to have an opponent in China. This merger and acquisition strategy is of great significance.

One melon was not finished, and another melon came again.

Ruixiang Digital Technology Group announced the completion of the E-round financing of US$66.666 billion, breaking the previous global record of US$45 billion in a single round of financing set by Lee Financial Services.

The valuation of Ruixiang Group has reached 666.666 billion US dollars, which is no longer far away from Leech Financial Services, which has a valuation of 750 billion US dollars.

Many netizens felt that this number was too clever, and they came to Ruixiang's official Weibo and Douyin to comment.

"Ruixiang, 666666!"

"Mighty and domineering, 6 get a batch!"

"Forward this Weibo/TikTV, this year you will be 6 all the way to the end!"

……

Because of this auspicious number, Rui Xiang also appeared on Weibo hot search.

But not long after, Weibo was withdrawn.

Responding to this stinginess, Zhang Yida posted an angry post on Weibo, questioning Weibo's "fair and neutral" platform positioning.

"This is no longer the original Weibo, under the coercion of capital, she has become selfish and rancid...

It is recommended that everyone play Doushi or Kuaishou, there are the most interesting and novel short videos. "

Not long after this Weibo was posted, Zhang Yida's account was frozen.

Including the microblog that was sent out, it was also deleted by Harmony.

But public opinion is already fermenting, and many netizens have seen Zhang Yida's utterance and doubts.

Toutiao, official account, DouTV and other self-media are not under the control of Weibo, and they have written articles to express their opinions on this matter.

"Mr. Zhang Yida's voice, let us see the hegemony and buttocks of Weibo.

Even a top entrepreneur who owns two super unicorns with a combined valuation of over [-] billion has suffered unfair treatment.

What about ordinary people?
......"

The opposite is the point of view.

"Zhang Yida is gone, he is no longer the boy he used to be...

Relying on holding two super unicorn companies in his hands, he openly slandered his peers, and then shamelessly promoted his own products...

Zhang Yida, please keep a low profile, you are not the head of the third largest Internet company..."

The topic went awry at this point, and people realized a very important issue.

Who is the third largest Internet company?

Qiandu is getting old, Leech Financial Services is in full swing, Didi is attacking from all directions, Zhonghe Group is sweeping the world, Ruixiang Group... 666 US dollars, 6666 6666...

Since Qiandu fell behind and the small mobile Internet giant grew up, there have been many disputes in the industry about the title of the third largest Internet company.

As Leech Financial Services, Didi, Zhonghe, and Ruixiang respectively completed huge financing, this controversy was pushed to a climax.

Every netizen wants to prove that his point of view is correct, and puts out various data of the company he supports.

"Leech Financial Services has more than a dozen financial licenses for banking, insurance, and funds."

"Sorry, Ruixiang has one more consumer finance card than you."

"Smile and say nothing, I order 3000 million a day."

"Hehe, Zhonghe Group, I am the most successful in globalization. Do you have short videos that hundreds of millions of foreigners are playing?"

……

The valuation of Zhonghe Group is also the focus of discussion.

According to public financing data, the post-investment valuation of Zhonghe Group is only US$400 billion.

Then Xiaomeng was acquired for US$5 million, and Kuaishou was acquired for US$100 billion.

Counting the time and a few months later, most people think that the valuation of Zhonghe Group does not exceed 550 billion US dollars.

After the acquisition of Huimin Travel, Didi completed a huge round of financing of US$55 billion in the first half of the year, with a valuation of US$600 billion.

So the order of most people is like this: Leech Financial Services’ US$750 billion > Sharp Digital Technology’s US$666 billion > Didi Chuxing’s US$600 billion > Zhonghe Group’s US$550 billion.

Zhang Yida's supporters were outraged and put forward a new point of view: Ruixiang and Zhonghe Group merged, with a valuation of over 1200 billion US dollars!
Now no one is talking, because there is really no obstacle to the merger of Ruixiang and Zhonghe Group, and they are all the same major shareholder.

Can Leech Financial Services merge with Ali?Back then, it was because of this incident that SoftBank was eager to do so. The key is whether Jack Ma is willing to do so?
With the help of the big moves of Ruixiang and Zhonghe, as well as the rivalry with Weibo, Zhang Yida and the two companies have gained a lot of limelight.

While winning countless applause and praise, it was also noticed by countless prying eyes.

　Thanks to the two book friends Xingchen, Yefeng, and Hongmeng Wanyue for their rewards!

　　
　
(End of this chapter)