Winning the new financial era

Chapter 445 Internal capital increase
"Nice to see Mr. Zhang again!"

In a private club in Beijing, Softbank Chairman Masayoshi Son greeted Zhang Yida politely.

The relationship between Softbank and Zhang Yida has always been good. Not only has it invested in many of his companies, but it has also launched PayPay, a mobile payment software, in collaboration with Yahoo Japan.

Sun Zhengyi came to China in person, and solemnly asked him to meet him, and the place was chosen so secretively.

This made Zhang Yida a little puzzled, what exactly does Sun Zhengyi want to do?
Sun Zhengyi greeted Zhang Yida to drink tea, and talked about the recent ups and downs that have erupted in China's Internet arena.

Sun Zhengyi looked at Zhang Yida with a smile, and praised: "Among the many entrepreneurs in China's mobile Internet, I am most optimistic about you, Mr. Zhang."

"I?"

Zhang Yida smiled, "Thank you Mr. Sun for your optimism and encouragement!"

Sun Zhengyi smiled and said: "Of course, Chen Wei and Huang Xin are not bad, but compared with Mr. Zhang, they are still far behind."

Zhang Yida shook his head, "I was just lucky, and stepped on one or two more outlets."

Sun Zhengyi took a sip of tea, smiled and said nothing.

He carefully analyzed Zhang Yida, and reviewed the whole process of his starting up.

The most admirable thing is that the business sense is particularly sensitive, and every time the eve of the outbreak of the trend, the product is launched first to seize the opportunity.

Chen Wei and the others are just short of this. If they realize it later, they will have to spend several times or even more energy and resources to catch up with the leader.

Shared bicycles are a typical example!If it wasn't for Softbank's matchmaking, Chen Wei could only drool aside eagerly.

What puzzled Sun Zhengyi the most was how could such a smart person as Zhang Yida have a falling out with Penguin?
And the conflict is getting more and more intense, and now it's time to cash out all the equity.

That's right, Penguin is looking for him.

Looking around the world, how many companies dare to take over the equity of unlisted Internet start-up companies?
Only Masayoshi Son, who holds a Vision Fund worth [-] billion U.S. dollars, has the strength and courage to take the [-] billion U.S. dollars in Zhonghe and Ruixiang’s equity held by Penguin.

Penguin has indeed made a lot of money in Ruixiang and Zhonghe, holding a 16.362% stake in Ruixiang, worth 109 billion US dollars;
Holding a 14.45% stake in Zhonghe, based on a valuation of US$550 billion, this part of the equity is also worth US$79.5 billion.

These two equity transactions add up to close to 200 billion US dollars.

Even if you are as rich and powerful as Sun Zhengyi, you have to weigh it carefully, and you must not be sloppy in any of the investigations that should be done.

So when he came to China from Dongying, he just wanted to have a good chat with Zhang Yida and learn more about the two big groups.

Softbank currently holds a small amount of equity in Sharp, and is fairly familiar with the company.

Moreover, Ruixiang has already reached a balance of revenue, with abundant cash flow, and a cash reserve of nearly [-] billion U.S. dollars in its account.

So Rui Xiang, as long as Penguin is willing to sell this part of the equity, he is determined.

But Zhonghe Group made him hesitate a bit.

Zhonghe Group's long-term video, games and other major entertainment sectors will form fierce competition with Ali and Penguin.

There is also Pinduoduo, which is said to have attracted Jack Ma's attention.

To become a shareholder of Zhonghe Group, for Softbank, it will be a battle between left and right hands.

As for risk hedging, it’s the size of Pinduoduo, which is not qualified to be tied with Taobao and Tmall for the time being.

Sun Zhengyi confessed his purpose, and he wanted to hear Zhang Yida's opinion.

"You mean, Penguin wants to sell all the shares in Ruixiang and Zhonghe to you?"

Masayoshi Son nodded, "That's right, Mr. Ponymar even talked to me on the phone himself.

After repeated confirmation by me, Penguin does have the intention to sell shares. "

Sun Zhengyi observed Zhang Yida's expression calmly. He wanted to see how this miracle-creating young man would react to such a sudden news.
Disappointment, fear, or panic.

Hearing the news, although Zhang Yida was a little surprised, he was generally calm.

He completely parted ways with the penguin, the consequences of which he had not guessed.

But Penguin's high efficiency still surprised him a little.It seems that he is determined to mess with himself.

Zhang Yida smiled and asked, "What does Mr. Sun mean? Do you want to take over?"

Sun Zhengyi shook his head and chuckled, "Mr. Zhang, don't test me anymore, Softbank hasn't made up its mind yet.

We need to ask your opinion first! "

"My opinion?"

Masayoshi Son nodded and smiled, "That's right! After Softbank takes over Penguin's shares, it will become an important partner of Ruixiang and Zhonghe.

We naturally have to ask our partners what they mean!What if we are not welcome? "

Zhang Yida laughed and said, "Mr. Sun was joking, how could he not welcome you.

But I have a problem!If Softbank becomes a shareholder of Zhonghe and Ruixiang, how will Softbank treat our competition with Ari and Leech Financial Services? "

"The two don't help each other, and we don't need voting rights. We just want to be a financial investment shareholder."

Zhang Yida nodded, "In that case, I naturally don't have much opinion."

Then Zhang Yida's face darkened, and he said, "But there are some things I still want to remind Mr. Sun.

Once Penguin escapes from Zhonghe Group, it will hit us harder.Absolutely. "

Sun Zhengyi nodded. He hasn't escaped yet, and Pinduoduo has started to be banned.

If the equity is liquidated, then maybe all tricks will be used!
"Thank you Mr. Zhang for your frankness. Softbank has also taken everything you said into consideration."

Masayoshi Son asked again: "According to Mr. Zhang, shouldn't Softbank take a stake in Zhonghe Group?"

"You can enter, but don't take Penguin's shares."

Zhang Yida looked at Masayoshi Sun, and said with a smile: "Zhonghe Group has opened a round of financing to Softbank alone."

"What about the valuation?" Masayoshi Son asked.

"$600 billion!"

"Taller!"

Sun Zhengyi shook his head again and again, "Penguin is willing to give us 9% off the shares it holds."

"9% off!"

Zhang Yida shook his head, "Penguin is in a hurry to sell the shares, and they usually give some discounts for large transactions."

Zhang Yida also explained the actions of Zhonghe Group during this period, including the acquisition of Blue Hole Studio and so on.

Sun Zhengyi was finally moved after hearing that Blue Hole’s annual revenue was nearly 10 billion U.S. dollars and its valuation was 50 billion U.S. dollars.

He said: "Pinduoduo's valuation has been seriously damaged, and even adding a blue hole may not be able to make up for it.

Let’s do this, the first investment of 500 billion U.S. dollars is the limit that Softbank can accept.Otherwise, we can only take over Penguin's shares. "

If he hadn't fallen out with Penguin, Zhang Yida would have been completely indifferent to Softbank's participation in Zhonghe.

But the situation is different now, and Softbank's shareholding is very important.

If Softbank takes a stake in Zhonghe, Zhang Yida will depend on who Penguin can sell the shares to.

Looking at Zhang Yida who was thinking about it, Sun Zhengyi thought his words had worked, and hit the rails while it was still hot: "Zhonghe's current stall is too large, and it lacks stable cash flow projects.

At this time, besides Softbank, who can help Zhonghe? "

It turned out that they saw that the cash flow of Zhonghe Group was exhausted, and wanted to take advantage of it!

Zhang Yida immediately guessed Sun Zhengyi's true thoughts.

Zhonghe Group raised US$45 billion, spent US$20 billion in cash to acquire Kuaishou, invested more than US$4 million in Noon Sunshine, and controlled Lagou.com for US$1.2 million...

After Lin Lin finally figured it out, the cash reserve was less than 20 billion US dollars.

These fund movements, as long as Softbank checks them carefully, it is not a secret at all.

Now that BAT is announcing its entry into short videos, the relationship between Zhonghe and Penguin has deteriorated, and Pinduoduo has been hit hard.

Under such circumstances, few institutions dare to invest in Zhonghe Group.

At least everyone has to wait and see for a while to see if Zhonghe can go through a few rounds under Penguin's hands before deciding whether to "venture capital".

If they can withstand Penguin's pressure, counterattack, and even defeat Penguin in some fields, then what awaits everyone will be a golden road, and a new generation will replace the old.

However, there are more negative voices in the industry, who believe that as long as Penguin's "QQ+WeChat" two traffic artifacts start to show their power, there will be no single enemy in the industry.

Shake Vision and Kuaishou are all paper tigers, and they will be crushed as soon as they are crushed.

In addition, Zhonghe entered the game too late and lost its opportunity.What happened to Ari?There is also one who is not afraid of death.

Needless to say, there is quite a market for this kind of crowd collapse theory.

Many self-media bigwigs have done their analysis well and soundly, believing that they have accurately predicted the next "LeTV".

These articles have a good gimmick, and they have produced some hundreds of thousands of articles.

But Sun Zhengyi underestimated Zhang Yida's toughness and retreat. How could such a little pressure force him to submit.

Zhang Yida said very forcefully: "Since we can't reach an agreement, then Softbank will take over Penguin's shares!

Although Zhonghe's funds are tight, it is not completely impossible to operate. "

After all, young people are too confident.

Sun Zhengyi earnestly persuaded: "Mr. Zhang, don't worry too much about the gains and losses of a city or a place.

Zhonghe Group will definitely go through a hard and hard battle next.For the sake of a little valuation, it is not wise to push investors out. "

In the end, Zhang Yida still didn't compromise, and Sun Zhengyi didn't try to persuade him any more, so the negotiation between the two broke up unhappily.

Zhang Yida returned to the company, held a board meeting again, and raised the issue of capital increase.

"According to the shareholding ratio of all shareholders, an internal capital increase of 20 billion US dollars!
As a major shareholder, I took the lead in increasing my holdings by US$12.18 billion! "

After the acquisition of Blue Hole, Zhang Yida's personal shareholding in Zhonghe increased to 60.09%.

12.18 billion US dollars is not a small sum for him.

If it weren't for the large amount of cash cashed out from Huimin Chuxing, the billions of dollars could be obtained, but it was quite laborious.

With Zhang Yida taking the lead, Shen Beipeng and Xu Xiaoming also agreed to increase capital.

Bao Zheyu said with some embarrassment: "BlackRock Group's main investment direction is not venture capital. We have already invested 8 million US dollars. Now it may be difficult for us to continue to increase capital."

Zhang Liping also said: "Isn't there still nearly 20 billion U.S. dollars in the company's account? It should be enough to save money.

How long has it been since the last round of $45 billion in Series B financing? "

Liu Zhiping looked at all this with a smile, and Penguin would definitely not participate in the capital increase.

Zhang Yida is so extravagant, how long can he last?
He understood that Zhang Yida wanted to quickly expand his business layout and catch up with Penguin and other leaders as soon as possible.

But the foundation of the Zhonghe Group is there, so how can it stand up to his tossing.

It's all right now, even shareholders like BlackRock and Blackstone can't stand it anymore, and they don't have one heart with him anymore.

As for Blackshirt Capital and Zhenke Fund, how long can they support him?

The penguins haven't done much work yet, and the Zhonghe Group can hardly hold on.

　Thanks to book friends 20171118191304984 for the reward!
　　
　
(End of this chapter)