Winning the new financial era

Chapter 522 Inventing a New Word
Singapore.

Marina Bay Sands Hotel.

Chen Bingyao, dressed in formal attire, chatted cordially with the heads of Chinese chaebols who came from Malaysia, Singapore, Indonesia and other places to attend the conference.

He couldn't hide the joy on his face. Through this acquisition, his social influence and reputation have reached a new level.

As a rich third generation, the car kingdom built by his parents is only a few billion Hong Kong dollars in market value.

And now he has successfully surpassed his father's generation and removed the label of the rich third generation.

When people mention him, they will no longer say "the successor of Chen Chang International Group" or "the youngest son of Chen Xingzhou", but "the founder and chairman of the board of directors of Greebo", "the founder of the largest Internet empire in Southeast Asia"...

Holding the red wine, Chen Wei and Zhang Yida witnessed all this.

"Okay, just keep quiet and make a big move in Southeast Asia."

Chen Wei teased Zhang Yida, Didi is also an important shareholder of Grab, so he also came from China to attend the thank you reception.

It is said to be a thank you reception, but it is actually a network integration.

Behind Grab there are VCs and shareholders, and behind GoJek and RPay, there are also a group of Southeast Asian local snakes behind it.

Let's meet together, get to know each other, and reach a certain tacit agreement to escort Grab's next expansion.

Zhang Yida smiled, "What a big move, a temporary lead is nothing.

Just watch, Ali and Penguin must make moves. "

Chen Wei shook his head and said with a smile: "No. [-] in the field of transportation and travel, No. [-] in the field of e-wallets, and even in e-commerce, it is evenly matched with Lazada and Shopee.

However, with the help of two other products, it should not be too difficult to strangle the other two e-commerce companies.

Of course, if Ali and Penguin are willing to continue to burn money, it may also lead to a tug of war. "

"E-commerce in Southeast Asia is far from reaching the maturity of the market, and continuous investment is inevitable."

Chen Weiyun glanced at Zhang Yida, "So you bought it together and let Softbank take advantage of it."

Zhang Yida laughed, "It's too much for you to say that, Mr. Sun Zhengyi likes the industry that burns money the most, because it means that the market is huge and the return ratio is high!
Otherwise, do you think he would vote for Didi? "

Being scolded by Zhang Yida, Chen Wei stopped talking.

Because Didi encountered a flight attendant case not long ago, the society condemned Didi.

In order to let the public sympathize with Didi, Didi announced its financial report: It has been in operation for 6 years, has never made a profit, and has accumulated losses of more than 400 billion yuan!

However, the public does not sympathize with Didi at all, and those who should be scolded are still scolding.

In addition, some people questioned, if the commission is so high, why are you still losing money?Who?
"Grab is valued at US$100 billion, GoJek is valued at US$50 billion, Buy Together is valued at US$72 billion, RPay is valued at US$20 billion, and GrabPay is valued at US$50 billion.

Coupled with the $8 million invested by Sharp, the new Grab is valued at $300 billion! "

Chen Wei sighed, "We're almost catching up with Didi! If you don't work hard, Grab will surpass you in two years."

He looked at Zhang Yida and asked, "Looking at the shareholding structure, Ruixiang holds 40% of the new Grab Group, so you really made a lot of money this time.

Is there an initial investment of $20 billion? "

Zhang Yida shook his head and laughed, "You think too much, not only is it only 20 billion US dollars, but the last time the holding company bought together, it issued an additional 20 billion US dollars of Ruixiang shares.

Counting the investment in the other four companies over the years, 40 billion US dollars is indispensable.

In addition, a US$30 billion share exchange with Softbank was carried out, and a 30% stake in the new Grab Group was exchanged in the form of an additional US$10 billion sharp stock.

Coupled with the US$8 million in this round of financing, at least US$80 billion has been invested. "

Chen Wei nodded in praise, "That's not bad, a big profit of 40 billion US dollars! Although it's still some paper wealth."

Zhang Yida smiled and said nothing. The total investment of Ruixiang is about 75 billion U.S. dollars, but 50 billion U.S. dollars of which are stocks, and the other 25 billion U.S. dollars are cash.

Moreover, these 50 billion US dollars of stocks were all issued after Ruixiang reached a valuation of 2000 billion US dollars.

The reason for this is that on the one hand, the cash in the account is limited, and it is impossible to invest too much in the Southeast Asian market.

On the other hand, it also diversifies part of Ruixiang's business risks, leaving a way out for Grab.

The $30 billion share exchange with Softbank is even more interesting. Zhang Yida intends to increase Softbank's shareholding ratio in Sharp, and wants to have a deeper cooperation with Softbank.

After completing the relevant transactions, SoftBank still has five or six points of shares in Grab Group, making it the second largest shareholder after Sharp.

Masayoshi Son has indeed made a lot of money. He invested nearly 30 billion US dollars in Grab alone. Before the merger, he held nearly half of the original Grab shares.

Zhang Yida and Chen Wei had an awkward chat here, and Chen Bingyao also got rid of the others, and walked in front of them with red wine.

"Congratulations, Anthony, the head of the $300 billion Internet empire."

Chen Wei first greeted Chen Bingyao, whose English name was Anthony.

"Will, you're just kidding me. It's nothing compared to you and YiDa."

Both Chen Wei and Zhang Yida are vulgar. One's English name is Weier, and the other's name is Yida.

Originally, the word "YiDa" did not exist in English, but it was coined by Zhang Yida and included in "Wikipedia".

Just like Bruce Lee coined the word "Kung Fu", Zhang Yida also set a precedent.

He doesn't like names like "Jack" and "Pony" because he always feels uncomfortable, but "YiDa" is more comfortable.

Wikipedia's introduction is roughly like this: YiDa Zhang, a Chinese, is the youngest billionaire in the world. He started his business at the age of 18 and has owned more than 10 unicorn companies.

The Ruixiang Group founded by him is valued at more than 2000 billion US dollars. It is the only company other than Apple that has hundreds of millions of active users in both the East and the West.

YiDa is passionate about animal protection, philanthropy, and education, and at the same time is an envoy to promote the spread of Eastern and Western cultures...

"Don't underestimate yourself. With 300 billion US dollars, it is also one of the top ten Internet companies in China."

Zhang Yida looked at Chen Bingyao, who was in high spirits, and encouraged him.

I looked around again, "Why didn't you see Makarim? What about others?"

Chen Bingyao looked around in the crowd with his eyes, but he couldn't find Makarim, so he took out his mobile phone and called the latter.

After asking a few words on the phone, he hung up and said: "He is chatting with a group of Indonesian officials, and he will come over later."

Zhang Yida smiled and said, "You two have a very harmonious relationship now, let it go?"

Chen Bingyao shrugged, "Just like what you said, it's just a little emotional dispute, there's nothing you can't let go of."

"That's good, let's work together to make the company bigger and stronger!"

Zhang Yida was still a little worried that Chen Bingyao would not save face, or that his relationship with Makarim would be very tense.

Looking at it now, in the face of interests, everything is not a problem.

But Zhang Yida thought of a new question. With less interest, will there be insufficient motivation to struggle?
Chen Bingyao, the chairman, holds 1.8% of the shares, and Makarim, as the CEO, holds 1.05%.

It seems necessary to arrange a long-term equity incentive plan.

(End of this chapter)