Winning the new financial era

Chapter 510 1000 Trillion Worth
Zhang Yida didn't know that his high profile had aroused high vigilance.
Of course, it is unrealistic to want to continue to develop obscenely.With such a large volume, it cannot be hidden.

Simply declare it openly and aboveboard, I just want to make enemies with Ari and Penguin, and I want to compete with them for the market.

By doing so, while attracting the hatred of Ali and Penguin, it also attracted the attention of the whole people, no less than a super-large advertising campaign.

The merger of Tokopedia and Bukalapak on the Indonesian side is also coming to an end.

Bukalapak is valued at US$10 billion, and Tokopedia is valued at US$50 billion. They merged into Buy Together, a new e-commerce company valued at US$60 billion. The Chinese translation of "buy together" or "pinduoduo" is fine.

Bukalapak was wholly bought by Xinruixiang Group in the form of "US$5 million in cash + US$5 million in stock".

Then, this company was stuffed into the main body of Buy Together by Xinruixiang Group, and Ruixiang occupied 16.67% of the latter's shares.

Tokopedia was originally held by Ruixiang Group with 7.13% of the shares, which dropped to 5.94% after being merged into Buy Together.

The sum of the two parts of the equity only reached 22.61%, which is still a long way from the 51% holding line.

Ruixiang Group negotiated with the original shareholders of Tokopedia to issue an additional US$15 billion in Ruixiang shares in exchange for their 25% equity in Buy Together.

Then, Sharp invested US$12 billion in the United Nations Group and Lippo Group in Buy Together.

Among them, Ruixiang Group invested 10 billion US dollars, and the other two groups contributed 1 million US dollars each, pushing the valuation of Buy Together to 72 billion US dollars.

Ruixiang paid a total of US$15 billion in cash, plus an additional US$20 billion in shares, and became the controlling shareholder of Buy Together, accounting for 53.56% of the shares.

With a valuation of US$72 billion, Buy Together surpassed Lazada, which was valued at US$40 billion, and became the e-commerce unicorn with the highest valuation in Southeast Asia.

Yimin Wangjin holds 8.5% of the shares of Bukalapak Company. Through this transaction, it obtained 4250 million US dollars in cash, plus [-] ten thousandths of Ruixiang Group's equity.

This part of the equity seems to be very small, and it is all in the ten-thousandth place. In fact, it is also because Ruixiang’s valuation is too high, which has reached 2020 billion U.S. dollars, and one ten-thousandth point is worth 2000 million knives.

The additional issuance of 20 billion US dollars of equity is equivalent to diluting 1% of the equity of Sharp to all shareholders.

Zhang Yida's shareholding ratio in Ruixiang Group dropped slightly, from 47% to 46.53%.

After the transaction was completed, Buy Together held a grand press conference to announce the birth of the new company and also disclosed a new round of financing.

"US$12 billion financing, US$72 billion valuation!"

This explosive news stunned the Indonesian journalists. If the news is true, this company will be the Internet company with the highest valuation in Indonesia.

GoJek's valuation has not reached the level of 100 billion US dollars in the previous life, and it is not as good as "buying together".

While the reporters were proud, they also had an inexplicable emotion.

This kind of emotion is like domestic netizens who are always a little unwilling to hear that "MIH in South Africa is the major shareholder of Penguin" and "Softbank is the major shareholder of Ahri".

But the reality is like this, helpless.

Indonesian local venture capital and traditional entrepreneurs either cannot afford to invest or are not optimistic, so they can only let foreign capital get involved in these national-level Internet companies.

Zhang Yida and the CEOs of the two companies, William and Achima, co-funded the press conference.

At the venue, a well-informed reporter asked: "I heard that Mr. Zhang is the richest man in Asia with a net worth of 1000 trillion rupiah, and Ruixiang Group is the eighth largest Internet company in the world with a valuation of 1.4 trillion rupiah. .

From a college student to today's super rich and entrepreneurial hero, can you share your success experience? "

A large group of reporters are not calm, mainly because the two figures of "1000 trillion" and "1.4 trillion" are too shocking.

Not to mention seeing so much money, I rarely hear it.

Zhang Yida was also confused for a moment, am I that rich?
Then I thought of the exchange rate of RMB to Indonesian rupiah of 1:2000 before realizing it. Isn’t 1000 trillion Indonesian rupiah equal to 5000 billion yuan?
He replied with a smile: "Actually, I don't have any special success experience. Persistence is a major creed in my life.

I also encountered crises and setbacks, but I persevered. "

The reporter's focus was suddenly shifted from the e-commerce company to Zhang Yida, and William and Aqima smiled awkwardly.

After a long time, the reporter turned his attention back to today's business.

A reporter asked: "Mr. William, why did you sell the company to a foreign-funded enterprise?"

William's face darkened immediately, "This is not selling the company, Ruixiang will be an important shareholder and partner of "Buy Together"."

"You said it wasn't selling the company, so why did you change your name?"

William explained: "Buying together is called Pinduoduo in China, and it is a social e-commerce model..."

After explaining the principle of Pinduoduo, William added: "This is a very good model. Merchants sell more goods, and consumers can enjoy cheaper goods."

"Is this a group buying model?" A reporter asked.

"It's understandable, but it's not entirely correct."

After visiting Pinduoduo, William also felt that this is a great model. If used well, it will become a powerful weapon to compete with other e-commerce companies in the future.

William answered several reporters' questions, and it was Azima's turn to be the president again.

He introduced, "Buy together will reach an important cooperation with Musical.ly, and the two parties will explore more possibilities in emerging businesses such as live broadcast e-commerce and short video e-commerce."

Musical.ly is also a well-known app in Indonesia, and basically young people can use it.

But the reporter has basically never heard of short video e-commerce and live broadcast e-commerce, so he asked again.

Achima recounted what she had seen and heard in China. When she heard that Chinese live broadcasting celebrities sold tens of billions of Indonesian rupiah in one night in the form of live broadcasts, she exclaimed again.

Achima strikes while the iron is hot and said: "Buying together will create 10 jobs for Indonesia through this new business model, stimulate economic growth, and increase national tax revenue..."

Zhang Yida silently watched William and Aqima take turns pretending to be aggressive. The two of them came to China to study for half a month during the due diligence period of the company merger.

Talking about these things with reporters at this time, new terms and new business models emerged one after another, which made a group of reporters stunned.

The press conference was a success, and the reporters felt that the trip was worthwhile.

Not only did I see Asia's richest man worth 1000 trillion yuan, but I also heard about so many new business models.

The news about buying together naturally reached the ears of Lazada CEO Pang Lei and Sea Group CEO Li Xiaodong.

Pang Lei felt that Zhang Yida was haunted, and had been against her since Leech Golden Clothes, and now she has been driven to Southeast Asia.

Li Xiaodong was a little depressed. Ruixiang was originally a shareholder of Sea, but now he has become a competitor because of the e-commerce business.

It seems that Ruixiang must be kicked out of the ranks of shareholders.

When the news spread back to China, many people felt that Ruixiang was becoming more and more powerful, and its international business was growing stronger.

　If there is something to do, that’s all for this chapter today, and I’ll add more tomorrow, thank you all!

　　
　
(End of this chapter)