Winning the new financial era

Chapter 507 Press Conference
Although Zhang Yida's slogan was a bit loud, the reporters didn't think it was too exaggerated.

"Create 100 million jobs for the United States", "serve 20 billion consumers around the world", "become the fifth largest economy in the world"... If you hear these words a lot, you will become immune.

Reporters have been waiting for the questioning session, which is what they care most about and can't wait for.

But Zhang Yida refused to let them do what they wanted. Such a good publicity opportunity must not miss a single product.

"Artificial Intelligence Customer Service", "Blockchain for Charity", "AI Agriculture", "Smart City"...the landing applications of related technologies are also presented one by one.

"Xinruixiang Group will focus on four business directions, technology, finance, e-commerce and digital content."

The reporters were all thinking about what kind of conflicts these four business directions would have with Ali and Penguin.

The vast majority of Internet companies in China, such as Didi, Goudong, and Meituan, have all formed alliances with Penguin and Ali. Even if conflicts break out, they are all limited to a single business.

Only Xinruixiang Group has conflicts with Penguin and Ali in all four business directions.

Some time ago, some people were still wondering why Penguin would withdraw from the ranks of Ruixiang and Zhonghe shareholders.

Now I understand that there will be conflicts between the two sides sooner or later.

When it came time to ask questions, Zhang Yida picked up a chubby girl and gave her the first qualification to ask questions.

The girl was young, and her face flushed red with excitement when she saw Zhang Yida choose her.

Zhang Yida also saw her as his little fan girl. When he gave a speech just now, she was slapped red, and she was very supportive, which made him very fond of it.

It took the girl a while to recover. Seeing everyone looking at her, she hurriedly asked, "Mr. Zhang, what is Xinruixiang Group's valuation?"

Zhang Yida replied with a smile: "After the merger, we completed the last round of financing of US$10 billion before listing, and the post-investment valuation is US$2000 billion!"

"$2000 billion!"

The audience was in an uproar, and most people were surprised that when Ahri was listed in 14, its market value was only so much.

Could it be that Xinruixiang Group is already comparable to Ahri in 2014?
Some people have guessed that it may be 1300 billion US dollars, or 1500 billion or 1600 billion, but few people dare to guess that it is 2000 billion.

Because it is too high, it directly crushed the unicorn Leech Financial Services, which has just become the world's highest valuation, and even exceeded 700 billion U.S. dollars.

The next reporter who asked the question asked: "Why does Ruixiang only have US$10 billion in this round of financing? Compared with previous rounds of financing, the amount of financing is really too small."

The reporter also asked the aspirations of the people present, and felt a little strange about the scale of financing.

The valuation is only 2000 billion U.S. dollars, is there something tricky?

Zhang Yida replied flatly: "Because Ruixiang is not short of money, the cash reserve in the account exceeds 1000 billion yuan.

Moreover, most of Xinruixiang Group's business has already achieved a balanced revenue, so there is no need to raise funds for financing. "

Hearing the figure of 1000 billion, the reporters present were stunned again.Such a huge number is already comparable to Qiandu, but less than Ahri and Penguin.

As for whether Zhang Yida lied, they felt that there should be no.After all, the sum of the financing amount of Ruixiang and Zhonghe over the years is also an astronomical figure.

Ruixiang has a consumer finance business, and Zhonghe has a game business. These are the two cash cows.

The two companies spend money faster than Didi and Meituan, so they should have saved a lot of cash.

After digesting the relevant information, the reporter no longer asked about valuation and financing, but asked about the listing time of Sharp.

Zhang Yida responded with a smile: "I don't have a clear plan for listing yet, and it may be within the next three years."

The reporter is not very satisfied with this answer, it is too general, who knows which year it will be in the next three years?

But Zhang Yida didn't want to reveal too much on this issue, so he skipped directly to the next reporter.

"I heard that Mr. Zhang is good at betting against investors. He has won more than a dozen betting games with investors. Is this true?"

This kind of question is a bit gossip, but the reporter is good at it, and the reporters in the audience all showed curious eyes.

"It's true, but this kind of bet is not about life and death, but a win-win situation for investors and management.

Don't simply understand it as investors losing and I winning.

This is actually an incentive to motivate the management to create better performance, and investors also benefit from it. "

Zhang Yida doesn't want to wear the title of "God of Gamblers", how will he conduct business in the future.

Investors all know that he has excellent gambling skills, and no one will play with him in the future.

The reporter really wanted to ask about the details of the bet, but Zhang Yida shouted decisively: "Next!"

The reporter was helpless and had to sit back in his seat.

"It is said that in Southeast Asia, Japan, South Korea, and India, local Internet companies are standing in line with Penguin, Ali, and Ruixiang. How does Mr. Zhang view this issue?
Is it because the influence of domestic Internet companies is increasing day by day, or is it that the war has extended to other regions? "

Zhang Yida smiled and replied: "You can understand that Chinese Internet companies play a more important role in the world.

As for standing in line, this term is not accurate.

Overseas Internet companies are not slow to develop, and they are also very good at learning. We are more of a cooperative relationship. "

In fact, he was standing in line, but Zhang Yida didn't want to be caught on these topics.

Some countries have strong self-esteem, or they are called glass hearts, so don't over-stimulate them.

"In terms of the size of the company, Ruixiang has far surpassed Qiandu. How does Mr. Zhang think about Qiandu's lagging behind?"

The reporter started picking things up again, trying to bring up some topics.

"Qiandu is still very good in AI. With this persistent attitude, the future can be expected!"

The reporter doesn't want to hear Zhang Yida exaggerating Qiandu, he wants to hear Zhang Yida diss Qiandu the most.

When Zhang Yida was about to call the next one, he asked another question first: "Does it mean that Qiandu AI is stronger than Ruixiang AI?"

This question was a bit extreme, and it seemed to be provocative. A group of reporters all looked at Zhang Yida, wondering if he would answer.

"Ruixiang invests more in scientific research every year!"

This answer is very ingenious. It didn't fire randomly, and it also shows that Sharpward attaches great importance to cutting-edge technologies such as AI.

After answering a few more questions from reporters, the press conference came to an end.

"Okay, thank you friends from the press for your support, see you next time."

There was warm applause from the audience. In any case, a group of reporters felt that the trip was worthwhile.

Witnessed the birth of the world's most valuable unicorn, and learned a lot about the entrepreneurial stories behind Ruixiang and Zhonghe.

At least within a week, I am not afraid that there will be no news to write.

(End of this chapter)