Winning the new financial era

Chapter 504
After two days of rest, Ruixiang and Zhonghe sat back at the negotiating table.

This time, both sides came prepared, considered each other's advantages, compared their own disadvantages, and made a betting plan that maximizes strengths and avoids weaknesses.

Lin Zhenyang took a piece of paper and read one by one: "First, Rocket Video has reached the top three in the industry. The specific criteria for judging are based on the number of paying members...

Second, Zhonghe Games has developed the second hit game. The specific criteria for judging "annual revenue not less than 10 billion US dollars, net profit not less than 3 million US dollars"...

Third, the Resso music streaming application has entered the top five in the world, and the specific judging criteria refer to Rocket Video;

Fourth, the GMV of Pinduoduo in 18 and 19 was not less than 5000 billion yuan and 1 trillion yuan respectively, and the number of active buyers surpassed that of Goudong...

Fifth, Douvision, Kuaishou, and Musical.ly have three short video apps with no less than 20 billion monthly active users...

......"

Lin Zhenyang didn't read all of them, so he only read the first dozen or so main ones.

If the terms are not completed, there are corresponding supplementary terms, depending on the completion rate minus a certain valuation.

Lu Qi's expression was indifferent, as if he had expected that Rui Xiang would not follow the routine.

At this time, he also remembered his terms: "First, the total number of active users of Ruixiang and its subsidiary e-wallets shall not be less than 20 billion...

Second, the domestic market share of mobile payment is not less than 30%, and it must exceed WeChat payment...

Third, the digital technology business, taking Ruixiangyun as an example, has reached the top three in the market...

Fourth, for the consumer finance business, the annual lending of Yongbai and Daibai loans shall not be less than 1 trillion yuan...

......"

Bao Fan wanted to laugh when he heard this, is this considered hurting each other?

"If the terms that you both offered to each other are completed, the valuation will be at least this."

Shen Beipeng fingered five fingers, and everyone knew what it meant, 5000 billion US dollars.

"You embarrass me, I embarrass you, what's the point?"

Xu Xiaoming was a little annoyed, "If you talk like this, you will never think about merging for the rest of your life."

"Yeah, we've been talking for almost a week, and the negotiation is back to the original point, and it's getting more and more outrageous."

Xue Cunhe shook his head again and again, he doesn't speak up easily now, and he couldn't help echoing when he heard Xu and Shen, who also held shares at both ends of his side, speak.

"Don't talk about the status of the industry and the number of users. If you want me to say, bet directly on the basis of revenue and profit."

Shen Beipeng looked at Ruixiang, "Aren't you very confident in profits? I will make a bet for you to make a net profit of 200 billion, 300 billion, and 400 billion yuan in the next three years."

Then, he looked at Zhonghefang again, "You are very confident in the revenue, so you can make a bet on the revenue of 800 billion, 1200 billion, and 1600 billion yuan in the next three years."

Not to mention, Shen Beipeng's words were really useful, and investors from both sides began to think about it seriously.

On the one hand, Shen Beipeng has some prestige, and on the other hand, this condition is just right.

"What about technology investment?"

Lin Zhenyang got the idea. The key to restricting Ruixiang's substantial profits is the investment in technology.

Shen Beipeng thought for a while and said, "How about sharing half with each other?"

Lu Qi said: "Zhonghe's scientific research investment also needs to be shared by Ruixiang in half."

Tong Shijie objected: "Why? You don't have the pressure to bet against profit."

Lu Qi waved his hand, "After the merger of the two companies, except for some products that maintain independent accounting, the scientific and technological strength and achievements must be shared.

It is equivalent to the merger of two laboratories into one. After Zhonghe takes half of the burden, the number that Ruixiang needs to share is not necessarily more than it is now. "

Ruixiang's investors looked at each other, and they were all moved.

They don't complain about Zhang Yida's high annual investment of 30 billion US dollars in scientific research for a day or two, but there is no way, Zhang Yida often replies to them with "the company needs to increase its competitiveness".

They have also read Zhonghe's financial report, and the scientific research investment is not even 30 billion US dollars, even less than 20 billion US dollars.

Gan Renping said: "There should be an upper limit. After the merger, the company's annual investment in scientific research will not exceed US$60 billion."

Lu Qi understood what he meant, but he was afraid that Zhonghe would trick them deliberately, so he wouldn't use these low-level tricks.

"Yes, I promise you."

Lu Qi made a concession, and the progress of the negotiation quickly accelerated.

"Three years is too long, when the company goes public, the bet is not over yet." Tong Shihao said.

"I think it's very appropriate. Listed companies also have VAM, as long as the scope of VAM is limited to the level of existing shareholders, it will not harm the interests of small shareholders." Bao Zheyu said.

Then, according to the idea provided by Shen Beipeng, the two parties began to refine each clause.

Shen Beipeng smiled slightly at Bao Fan who was sitting beside him, who nodded slightly.

That's right, this idea was provided to Shen Beipeng by Bao Fan.

Shen Beipeng brought it up with the attitude of giving it a try, but he didn't expect it to be really effective. The negotiation suddenly entered the right track, and the efficiency suddenly increased.

"Referring to Penguin's 29 times P/E ratio and Ali's 25 times P/E ratio, how about setting Ruixiang's P/E ratio at 27 times?"

"can!"

"agree!"

……

"Referring to Penguin and Ali, how about setting Zhonghe's market-to-sales ratio at 9.5 times?"

"agree!"

……

“举个例子，假设锐向连续三年利润是180亿、320亿、410亿，取平均值303.33亿，乘以27倍市盈率就是8190亿；
众合连续三年营收是750亿、1300亿、1700亿，取平均值1250亿，乘以9.5倍市销率就是11875亿。

The share exchange ratio of Ruixiang Hezhonghe is 100 shares for 69 shares. "

……

Lu Qi tentatively asked: "Then let's merge according to the ratio of 1 to 1 for now?"

Lin Zhenyang nodded, "Okay, let's do this first! See you in three years."

Other investors also resumed their friendly relationship with each other, and began to chat with each other.

The debates, quarrels, and swearing that have occurred in the past few days seem to have never happened.

The final result of the negotiation was sent to Zhang Yida who was visiting Notre Dame Cathedral in Paris.

"Okay, I see, come back and sign right away!"

Zhang Yida's face was full of smiles, this brother Bao Fan was really reliable in his work.

If the VAM agreement is not added, there is a high probability that the share exchange ratio between Ruixiang and Zhonghe will be 1:1.

If the current VAM agreement is followed, Zhang Yida feels that the final result may be that 3 shares of Ruixiang will be exchanged for 2 shares, or even 2 shares will be exchanged for 1 share.

For himself, if the plan goes well, he can hold four or five more shares in the new group, worth more than 100 billion US dollars.

Of course, there is another premise. These businesses that Zhonghe currently owns must be a little bit stronger, and it will be enough to win 4000 billion in revenue in three years.

"What's the matter? So happy?"

With a camera hanging around her neck, Zhao Erya was walking towards Zhang Yida. Seeing that Zhang Yida couldn't stop smiling, she asked curiously.

"Picked 1000 billion!"

Zhao Erya gave Zhang Yida a blank look, "Even a three-year-old kid can't be fooled by your low-level lies."

Zhang Yida didn't explain too much, and asked with a smile: "Have you had fun?"

"Ok!"

Zhao Erya nodded emphatically. This time she took a private jet and flew over half of the world, which made her very happy.

Hearing Zhang Yida's question, her heart moved and she asked, "Are you going back to China?"

"Well, the merger between Ruixiang and Zhonghe has come to the final stage, and I must return to China to sign, marking the final stop."

Zhang Yida sighed, "I can only go to Africa next time."

"Okay, it's okay, Africa can go anytime, so let's go now!"

Although the global tour is only halfway through, Zhao Erya already feels very satisfied.

The boyfriend has such a big career, it is extremely rare to spend more than a week with her, so I dare not ask for more.

She ran Daya Media by herself, and only then did she realize how difficult it is to be a good boss.

Accompanied by a group of bodyguards, Zhang Yida and Zhao Erya came to the airport. After applying for the flight route and passing the approval, the Gulfstream plane quickly took off and flew straight into the sky.

On the plane, Zhang Yida was a little excited, even impatient, and asked the captain to speed up the flight.

For him, it has been five years since he started his business, and he finally touched the edge of the Trillion Empire, and he can enjoy the scenery on the top of the mountain. How can it not be exciting.

(End of this chapter)