Winning the new financial era

Chapter 598
After all, Zhang Yida is the boss, so Ma Jun had no choice but to back down, saying that during this period of time, he asked people to investigate the Indian market carefully, and finally decide whether to launch a new short video app for differentiated groups or markets.

Zhang Yida didn't object either. It would be good to investigate. After all, you can't make a decision on your own. A project must be supported by data.

Just like what Ma Jun said, re-piling resources to produce a short head video will cost hundreds of millions of dollars.

Lan Lan doesn't speak much. She is usually in charge of the strategic investment department, such as Grab, BBPay, Ola and other companies' post-investment and liaison work.

She's really not very familiar with the short video market, and it's not within her scope of authority, so it's not good to interrupt indiscriminately.

Zhang Yida and Ma Jun communicated in Chinese for nearly half an hour before they found Nikhil who was left alone as if he was listening to a scripture.

"Sorry, Nikhil, I forgot about you as soon as we started talking."

Ma Jun was very relaxed and offered to apologize to Nikhil.

Nikhil shook his head, expressing that there was no problem, and said that he would learn Chinese as soon as possible, so that everyone could communicate more barrier-free as soon as possible.

After hearing the words, Zhang Yida immediately looked at Nikhil with admiration and praised him a lot.

Nikhil was very happy to hear the big boss praised himself, and became more determined to learn Chinese.

"Boss, I see that users often upload PUBG game videos on Musical.ly. PlayerUnknown's Battlegrounds is a very good game, and it has become a national mobile game in India.

There is also BBPay, as long as young people surfing the Internet, almost all have a digital wallet.

Our group is really powerful, and it has penetrated into almost every aspect of the lives of ordinary people in India. "

Nikhil's flattery made Zhang Yida happy, but at the same time, a trace of worry flashed in his eyes.

Will such a high profile attract any blows?

Zhang Yida remembers the ban on TiKTok in Indonesia. It seems to have happened once in India, but he can't remember exactly when.

But it's useless to memorize this thing. If someone wants to mess with you, they will just find a reason and start doing it, making you hard to guard against.

there is always a solution to a problem!
After Zhang Yida completed the shareholding change of BBPay this time, he also thought about whether to split Musical.ly in India in the same way.

It's just doing this, and it's still called a woolen global company, an independent short video platform in one country, and it can be called the Short Video Matrix Alliance.

This poses some challenges for management and valuation.

Dispelling the thoughts in his mind, Zhang Yida decided to develop it for a while, and if there were any problems, he could only reluctantly tear it apart.

No matter what, it is better than handing over the hard-working market.

The Chinese legal team drew up the contract and discussed it with the partner law firm in India. After revisions, they finally came up with a series of agreements that comply with the Indian company management law.

Including "Equity Transfer Agreement", "Equity Pledge Agreement", "Supplementary Agreement on Suspension of Contract" and many other contracts.

The team of lawyers hired by Singer helped him review the contract word by word, and after confirming that there were no problems, the employer Singer put his name on each agreement.

After signing the agreement, Singer couldn't help but let out a long breath.

The company BBPay went around and around, and finally returned to its own hands.

However, the company that was sold for 1 million US dollars bought back only 14% of the shares with a debt of 20 billion US dollars.

I am still grateful, sometimes the encounters in life are so miraculous that people have no reason to reason.

The shareholding structure of BBPay has also changed: Singh holds 20% of the shares, ranking the second largest shareholder; Ruixiang holds 40% of the shares, ranking the largest shareholder;
Zhang Yida and more than 100 other investment institutions together hold 40% of the shares.

Among them, Zhang Yida's Yanhuang (Hong Kong) Investment has the highest shareholding, holding about 18.41% of the shares, ranking the third largest shareholder.

Singer shook hands with Zhang Yida with a smile, "Mr. Zhang, thank you for your support and trust. I will definitely not let you down."

Zhang Yida nodded with a smile, and suddenly handed over BBPay. He still felt a little bit reluctant, but the reality was that there was nothing he could do.

"Hey, by the way, next BBPay will complete a round of A-round financing of US$17.5 billion, which can be regarded as the last support from Ruixiang and me!
You need to explore the next road by yourself, and we can only play an assisting role on the sidelines. "

Hearing this, Singh's eyes lit up, 17.5 billion US dollars, this will be the largest single round of financing in the Indian financial technology field, surpassing the 14 billion US dollars of strategic investment from Softbank that Paytm received the previous year.

"Is it based on the pre-investment valuation of 70 billion US dollars? Isn't the post-investment valuation reached 87.5 billion US dollars, approaching the 100 billion mark?"

Singh was a little excited. Paytm was valued at $90 billion as of the last round of financing.

As long as BBPay completes this round of financing, the valuation will approach the other side.

At the same time, with $17.5 billion in hand, he is confident that he will attack Paytm's number one position for several years.

"That's right!"

Zhang Yida nodded, saying that Singer was right, and BBPay would dilute 20% of its shares in this round of financing.

"Ruixiang and I have a relatively high shareholding ratio, and we are Chinese investors, so we will not participate in this round of financing.

This round of financing will be led by Softbank, Temasek, Abu Dhabi Investment Authority, Goldman Sachs, and Morgan Stanley. "

Singer grinned, thinking that the former boss and current major shareholder was so generous, and gave himself such a big gift before leaving.

Zhang Yida is not just for him, BBPay funds will not last long, and financing will definitely be carried out in a short time.

After staying in India for more than a week, Zhang Yida decided this matter by the way.

There are also some considerations in finalizing such a large amount of financing and choosing foreign giants to invest.

On the one hand, it is to completely wash away the identity imprint of Chinese-owned holdings and remove the constraints on the development of BBPay;
On the other hand, it is also counting on such a large amount of financing to overwhelm Paytm.

For so many years, BBPay has not surpassed Paytm once in eight or nine years, if it is counted from the beginning of its establishment.

In the hearts of the public, Paytm has always been stronger than BBPay, whether it is valuation or financing scale, or the number of users and transaction scale.

Zhang Yida fired the first shot for BBPay, and then he will blow the horn to charge Paytm.

After raising it for so long, it's time to pull out the mule or the horse for a walk.

Singh said: "Next, I plan to apply for a small financial bank license, in addition to deposit and loan remittances, I will also issue credit cards.

In addition, comprehensive financial services such as wealth management, mutual funds, and insurance will also be launched in an all-round way.

What do you think of Mr. Zhang?Advice one or two. "

Zhang Yida smiled, "It's very good, payment is just to attract new users and retain users, you expect this business to make a lot of money, unless you learn PayPal transfer fees, but for the Indian market, that's probably disastrous.

To make money, you have to engage in financial management, financial investment and loans.

However, there are risks in each of these. You are an Indian and are more familiar with the market, so I will not point fingers. "

Singer felt that Zhang Yida was too modest. He was able to create a financial technology unicorn with a valuation of tens of billions of dollars in the Chinese market. He was very familiar with this industry.

However, Zhang Yida also pointed out the problem to him concisely, and then, he only needs to follow the steps.

The general trend has been achieved, and it is time to soar into the sky.

(End of this chapter)