Winning the new financial era

Chapter 587 Defamation (leader plus more 510)

Fang Yuhan saw that the two had almost chatted, so he asked Zhang Yida's opinion on the next development direction of Ruixin Group.

Zhang Yida seriously analyzed to her, "Ruixin still has a big gap with international credit giants like Deng & Bradstreet, and its service targets should focus on China.

For example, when a Chinese-funded overseas enterprise goes to Southeast Asia, India, Africa and other regions, it needs to find customers and partners. We can provide corporate information inquiries and more detailed corporate credit reports.

Enterprises in the above areas want to enter the Chinese market, and Ruixin can also provide the same service.

Europe and the United States are people's base camps, and they can be placed a little behind. "

Fang Yuhan nodded. Enterprise credit investigation is an extremely cumbersome task. It needs to collect the information of many enterprises, establish credit files for enterprises, and store them in the Ruixin global database for potential partners to read.

Ruixin also needs to regularly verify and update the company's credit files to ensure that the company's customers or partners can obtain the latest information of the company in a timely manner.

Enterprise credit files include four content modules: basic enterprise information, customer/supplier evaluation, management information, and on-site audit information.

In addition, corporate credit services also include database marketing, corporate credit ratings, risk management solutions, industry data analysis reports, etc.

At present, Tianyancha has launched the enterprise credit file establishment service in China, and has established relevant credit files for 10,000+ enterprises.

It's just that compared with the tens of millions of enterprises in China, there are still too few and too few.

Excluding some small and micro enterprises that do not need this service, Ruixin needs to establish credit files for at least millions of enterprises if it wants to make some achievements, so as to generate scale effect.

Overseas, Ruixin has gained a firm foothold in Southeast Asia and launched the Southeast Asian version of Tianyancha, while India has just entered it.

Africa, Latin America and other regions are still in the dark, unable to provide services to customers.

Ruixin's overseas approach is also to learn from the domestic method. First, it promotes free enterprise query tools such as Tianyancha.

After the brand is established and there are enough companies included, we will launch paid corporate credit services.

"Okay, we will work hard in this direction."

Zhang Yida saw that Fang Yuhan was not very interested, and he also knew that this was an industry that required long-term investment.

To describe it in one sentence: long investment, slow effect.

The international credit reporting giant Dun & Bradstreet was established in 1841 in New York, USA. It has a history of more than 170 years. Four presidents of the United States: Lincoln, Grant, Cleveland and McKinley have successively worked for Dun & Bradstreet.

The US credit rating company Moody's and the survey company Nielsen were both subsidiaries of Dun & Bradstreet, and they were spun off during the reorganization.

At present, Dun & Bradstreet has collected information on more than 2.5 million companies around the world, and has cooperated with 90% of the world's top [-] companies. The Dun & Bradstreet code launched has been widely adopted by the European Union, the US government, and the United Nations.

In addition, it also collects business information from as many as 214 countries, 95 languages ​​or dialects, and 181 currency units around the world, and the database updates data up to 150 million times every day.

In addition to Dun & Bradstreet, the other two international credit reporting giants, Aikefei and Experian, also have a history ranging from 40 to [-] years to hundreds of years, and each contains information on hundreds of millions of companies.

This is because the stock market for foreigners developed relatively early, and solutions to related issues such as finance and commercial credit were put on the agenda early.

It is not easy to get a piece of the pie in front of such a giant. For a company that has only been established for a few years, it becomes more and more difficult.

However, Zhang Yida feels that there may not be opportunities to compete with them. After entering the Internet age, these companies have basically transformed into digital and technology-driven.

In terms of software applications, Chinese companies are not far behind.

Sesame Credit, Mung Bean Credit, and Goudong Xiaobaifen, which are called personal credit, are actually doing quite well, collecting a lot of user information for analysis.

The same is true for corporate credit reporting. The source of information must be rich enough so that the database can produce sufficiently accurate reports.

At present, Ruixin Group has acquired Tianyancha, a superficial query tool for enterprises, and Wezhong Tax Bank, a small and micro enterprise credit investigation service organization that collects tax data.

And we have reached cooperation with a series of ToB software such as Bole.com, Feishu, etc., and the source of information is still very rich.

In China, only 9 companies including Mung Bean Credit have obtained personal credit reference licenses issued by the central bank, while there are more than 120 corporate credit reference licenses.

There is really no domestic enterprise credit reporting company that has really started and developed overseas.

Therefore, this is also the opportunity for Ruixin Group.

"You said you plan to launch a CRM system?"

Fang Yuhan replied, "Yes, this is actually an opportunity to obtain relevant information about the company, open up the market, and start monetizing."

Considering the relationship with Ruixiang, she also added, "The CRM system we want to launch will not form a competitive relationship with Feishu. Feishu is more inclined towards OA, while we are more inclined towards marketing."

This is also a good thing, Zhang Yida naturally had no reason to object, and nodded in agreement.

"I heard that Mi Qun, Long Yu, and Zheng Wei have great opinions on Ruixin?"

It's fine if Zhang Yida doesn't say this, but Fang Yuhan gets angry when he mentions it.

She pursed her lips, "The three investment institutions want us to buy back their shares?"

"us?"

Zhang Yida thinks that "we" is too broad, and Ruixin's management is still something else.

"Hey, P2P has become what it is now, Ruixin Group is not listed again, and Lightspeed China, Northern Light Venture Capital, and Bertelsmann Asia invested in Ruixin with a post-investment valuation of US$30 billion.

Now that there is no exit from the channel, and P2P has been robbed again, the company's valuation can be said to have dropped significantly.

The three of them each invested 5000 million US dollars in, and naturally put pressure on me every day. "

This is also entirely Zhang Yida's fault. The A round of financing allowed Yimin Wangjin to invest 1 million US dollars in Ruixin Group, which "blown" the company into a unicorn;

In the B round of financing, Rui invested 1.5 million US dollars in the industrial investment fund. According to the post-investment valuation of 30 billion US dollars, it brought three investment institutions into the ditch.

The three investment institutions saw that Black Shirt Capital, Zhenke Fund, and Goldman Sachs, which invested in the three listed companies of the Yimin Department, all made money.

It doesn't make sense for me to roll over now, right?
A little dissatisfaction is very normal.

"This is a venture capital investment, and we haven't signed a gambling agreement. Why should we buy back his shares?"

Fan Hongyang yelled, dissatisfied with the three investment institutions in his tone.

Yimin's three listed companies, as well as Ruixin Group, were all spun off from Yimin Financial Services, and he also has a small share of the equity.

When it came to his own interests, he immediately expressed his attitude.

Zhang Yida gestured to him, signaling to be calm and calm.

Fang Yuhan was asked, "What did the three of them say? Or what are the conditions?"

"They want the founding management team to buy back their shares at full price, with no interest involved."

Zhang Yida nodded, "I can understand their feelings!"

Fan Hongyang opened his mouth, wanting to persuade Zhang Yida, don't agree to such an unreasonable request?
Before he could persuade him, Zhang Yida said, "But I condemn this kind of behavior!"

Fan Hongyang laughed. He knew that Mr. Zhang was such a shrewd person, and he was the only one who cheated the venture capital. How could the venture capital take advantage of it.

Fang Yuhan muttered blankly, "They complained to me, saying that the company that invested 30 billion US dollars is not worth even 10 billion now. The company is under tremendous pressure and cannot explain to LP."

Zhang Yida didn't express his opinion. The projects invested by Yimin Wangjin and Ruixiang were relatively successful. It's okay to miss a project occasionally. Naturally, no one put pressure on him.

In addition, the performance traces of these three people are a little too heavy.

Isn't it just 5000 million US dollars?They are all well-known venture capitalists, so this loss is still affordable.

Besides, the company hasn't gone public yet, and hasn't started the next round of financing, so why worry?

"You convey it to them, if you are willing to wait a few years, wait, if you don't want to wait, I will buy back their shares at a valuation of 6 million US dollars."

Fang Yuhan froze for a moment, this...was a bit too cruel, it cut directly to the ankle.

Zhang Yida laughed, "Didn't they say that $10 billion is not worth it? The $6 million buyback is just what they want?"

Fang Yuhan felt that he would never be able to say these words for himself. It seems that if he wants to succeed, he has to have a thicker skin.

"Forget it, let me persuade you again. They are not that stupid. They cut off the P2P business, and the Ruixin Group is not useless."

Zhang Yida nodded, "That's fine, I don't want to take advantage of them, it's just that the life of VCs this year is going to be hard. If they are in a hurry to spend money, I will help them out."

The corner of Fan Hongyang's mouth twitched. If the thickness of the skin is divided into ranks, this must be the strongest king.

"They're not miserable, and there are plenty of opportunities to turn around, does Mr. Wang of Gopher Capital know about it?

The investment in Yimin Wangjin and Yimindai is nearly 3 million U.S. dollars, especially Yimin Wangjin, which started at 49 dollars a share. Now the stock price of Yimin Wangjin is around 15 U.S. dollars. They are still stable. Not one share was reduced.

This is the real value investor!Only such people can have the last laugh in the capital market and reap the richest fruits. "

If it hadn’t been for the client who heard that Gopher Assets bought the fund, at the client’s annual meeting two days ago, Gopher Assets was almost dismantled, and Fan Hongyang would have believed it.

As a shareholder, he is very aware of how miserable Gopher's assets are.

2.45 million US dollars invested in Yimin Wangjin. At that time, the market value of Yimin Wangjin was as high as 122.5 billion US dollars, and now it is 37.5 billion US dollars.

4666 million U.S. dollars was invested in Yimindai. At that time, the valuation was 23.33 billion U.S. dollars, and now it is 12.1 billion U.S. dollars.

The investment in the early part of 2.91 million U.S. dollars lost a full 1.95 million U.S. dollars, and the loss rate exceeded 67%.

It is much more than the 1.5 million US dollars invested by Lightspeed China and the three of them.

"Mr. Zhang, let me tell you something. Don't be angry."

Fang Yuhan's words baffled Zhang Yida, and motioned her to speak out quickly.

Fang Yuhan sorted out his language, and said: "A client of Xinglong Loan happened to buy a fund owned by Gopher Assets. At the client's annual meeting two days ago, Gopher disclosed its holdings. Give an explanation.

Wang Jingbo explained to the client that it was Shen Beipeng who made a game with you, which caused Gopher's assets to lose 2 million US dollars. "

Zhang Yida frowned, "Are you sure you really said that?"

Fang Yuhan was also a little uncertain, "Anyway, that's what my client told me, and he still wanted to ask me for confirmation. I thought you knew this information?"

Zhang Yida thinks he has a clear conscience, and if he wants to make a game, at most the black shirt capital has tricked them and dragged me into it. What does this mean?
No, she must be sued for defamation!
(End of this chapter)