Winning the new financial era

Chapter 584
After discussing Xian Duoduo's next store opening plan, Lei Dongming called Zhang Yida.

“Ruixing Coffee’s B round of financing has been completed, with a total of 2 million US dollars raised. Happy Capital and Centurium Capital led the investment, and we followed up with GIC and CICC.

Invested 2200 million US dollars and got 1% of the shares. "

This is not too different from Zhang Yida's $20 billion valuation, which is slightly higher by 10%, and Ruixing's valuation has inflated to $22 billion.

Although it is a bit crazy, but it is true that people are too good at telling stories. They want to make their own coffee and compare themselves with Starbucks.

Zhang Yida feels that there must be a bubble in this valuation, but Ruixing has maintained a market value of 40-50 billion US dollars within half a year after its listing in memory.

Losing should be impossible.

Just be careful not to hit your own hands, so he told Lei Dongming: "We are just financial investors, and Ruixing may need to raise funds later, so we don't want to follow.

After subsequent financing and listing dilution, our shareholding may only be a few tenths of a percent.

Once the lifting of the ban period is over, just sell it on the market! "

Lei Dongming didn't think there was anything wrong, the strategy of "fast in and fast out" was discussed a few months ago when Liu Dahai first contacted them.

Moreover, Huayi Capital's shareholding is not high, and it won't make much money if you keep it in your hands, unless the market value rises to 300 billion, there may be a tenfold return.

But just think about it, Luckin is still a thousand miles away from Starbucks.

"Okay, I'll let the post-investment department keep an eye on it, and exit as quickly as possible."

Zhang Yida said "hmm", and then chatted with Lei Dongming about the projects Huayi Capital invested in recently.

He basically doesn't care much about Huayi Capital now, and the unicorns that should be caught are almost all caught anyway.

The next work has to be done by Huayi Capital itself, and he has no golden fingers to point out which projects to invest in.

After four or five years of development, Huayi Capital has established eight or nine RMB funds and US dollar funds, and invested in dozens of unicorns, including Toutiao, Meituan, Didi and other star companies.

It can be said that it has gained a reputation in the industry and attracted a large number of outstanding talents to join.

Even without Zhang Yida's "guidance", it can continue to operate normally, and it will not be much worse than other leading venture capital institutions.

……

"Mr. Zhang, you are looking for me."

Zhang Yida was walking around the chairman's office reserved for him by Yimindai, when he saw Chen Shaojie coming in, he greeted with a smile, "You're back, sit down!"

Chen Shaojie nodded with a smile, and sat down on the sofa beside him.

Zhang Yida took a sip of tea and asked, "How is the work in the Indian market going?"

"Everything is on the right track. We have obtained the NBFC-ICC license, which is a small loan license according to the popular saying in China.

Mr. Fan and the others have obtained the NBFC-P2P license, but it seems that it is a bit difficult to obtain funds. "

Zhang Yida nodded and sighed, "That's right, third brother doesn't have the money to buy P2P wealth management products, the market is generally more optimistic about the pure lending model.

Hey, by the way, are there many Chinese fintech players in India now? "

"Many, very many, the area we are in is full of Chinese overseas players."

Chen Shaojie talked about what he had seen and heard, "We Chinese are very navigating in the business of lending money.

Big companies such as Ari, Dami, and Kunlun Wanwei have all gone there, and small companies with four or five people have used 1000 million to lend money.

Oh, by the way, there is also Lefenqi of Ruixiang Investment, which also has a layout in India. "

Zhang Yida nodded. Lexin and Miaofenqi invested almost at the same time, but Ruixiang emptied all the shares before Miaofenqi was listed.

Lefenqi was also listed at the end of the previous year. Ruixiang reduced its holdings by 10% and cashed out nearly 3 million US dollars. It still holds 13% of Lefenqi and is the second largest shareholder after the founding team.

The market value of Lefenqi is similar to that of Miaofenqi, hovering around 20 billion US dollars. The investment income created by the two investment projects for Ruixiang is similar, both of which are tens of billions. Biggest winner.

Lu Min, who kicked Ruixiang out and hugged Leech Jinfu's thigh, also suffered.

A few months ago, Leech Financial Services and Miaofen installment contract expired and would not be renewed, and closed the "Laifenfen" traffic entrance on Alipay.

Because of the P2P serial bombings, routine loans, etc., aroused a lot of public opinion, Leech Financial Services is also taking care of feathers to make such a bad decision.

Miaofenqi was miserable. The net profit exceeded 20 billion yuan for two consecutive years, but it was not optimistic about the market. The market value fell to only 20 billion US dollars, which is far from the previous market value of [-] billion US dollars.

As for Lu Min's slogan: No salary for less than [-] billion U.S. dollars in market value, it has become a laughing stock.

Shareholders such as Leech Financial Services and Kunlun Wanwei are all selling Miaofen shares, which has caused a further plunge in the stock price.

Zhang Yida didn't care that much. Before the listing, he sold his 30% stake at a valuation of US$10.24 billion, and cashed out more than 20 billion yuan.

At that time Xu Xiaoming thought he was losing money, so he made a bet with Zhang Yida.

However, Zhang Yida didn't mention it, and Xu Xiaoming obediently delivered a Rolls-Royce Phantom, a top-of-the-line model that landed tens of millions, and fulfilled the bet.

Compared with Miaofenqi, which has completely transformed into cash loans, Lefenqi has been deeply involved in the installment e-commerce business. Although its net profit is lower than that of Miaofenqi, its stock price is much more stable.

Considering that the stock price of Le Fenqi is also unstable, Zhang Yida did not let him continue to reduce his holdings, and decided to wait and see for a while.

"Now we have a difficult problem. In lending in India, the annualized interest rate of loans for NBFC (non-banking financial companies) in the law is not clear at present, and the industry's default upper limit is 48%.

However, the platform can increase the actual loan interest rate to 300%-400% by setting service fees, payment fees and other fees other than interest.

It is said that a small team brought in 1000 million to lend, and has achieved a monthly net profit of 100 million. "

Zhang Yida squinted his eyes slightly, looking at this Wall Street elite who had returned to China, and basically guessed the other party's intentions.

"It's different. Those small teams you mentioned are all severely cracked down by the country and can't survive?"

Chen Shaojie smiled and did not deny it.

Zhang Yida continued, "Now there are more and more Chinese financial technology companies in Southeast Asia. According to preliminary estimates, there are [-] to [-] companies in Indonesia alone.

They are all domestic anti-aircraft guns, IOUs, P2P, and loan supermarkets. Now the domestic market has been disrupted by them, and they have come to Southeast Asia.

I don’t think they are working hard in Southeast Asia, they just want to make a fortune and run away after a year or so, similar to guerrillas. "

Chen Shaojie said with a smile: "That's right. I heard from my colleagues in Southeast Asia that there are many local small and medium-sized players who go overseas and feel that the local competition is fierce, so they focus on India.

There are 13 billion people, 5 million Internet population, and it is a country. They believe that there is an opportunity to replicate the 17-year online lending boom in China. "

Zhang Yida let out a long breath. This is really an addiction to lending, or the profit is too high, and he doesn't want to quit.

The main composition of this group of people is also clear to him. The Dong'ou consortium is the main group. This group of people, known as Chinese Jews, has been active on the big stage since the era of real estate speculation.

With a quick mind, with clan blood and township party as the link, one person finds a way to make money, and all the families and places follow suit.

"It's impossible for us to be like them. The size determines that we can't play like them."

Zhang Yida said, "All procedures must respect local laws and regulations."

(End of this chapter)