Winning the new financial era

Chapter 652 Rational

"Brother-in-law is too handsome, isn't he? Wakanda Fund, thank goodness he figured it out."

Wang Yiduo resisted not laughing, leaned down, and whispered in Zhao Erya's ear.

"I think it's pretty good. Africa also wants to have Wakanda in its dreams!"

Zhao Erya knew that this was Zhang Yida's bad taste again, but she still defended her boyfriend.

Onu covered his forehead and confirmed: "Is it the Wakanda in the Marvel movie "Black Panther"?"

Zhang Yida nodded, "Yes, Wakanda is the richest and most powerful country in the world, and I believe that African brothers can realize this wish one day.

The Wakanda Fund invests in technology companies in Africa, with the purpose of helping African people rise and become rich and powerful. "

Onu nodded. Speaking of this, I feel that the name of this fund is quite high, and at the same time, it will have a great reputation once it is established.

Is this not infringing?
Onu expressed his doubts.

Zhang Yida waved his hand, "This is a small problem, we can go to Marvel to discuss it and get their authorization.

I believe they will be very happy, maybe they won't charge money, and this is also a good opportunity to help them make a name for Marvel. "

Onu nodded, no longer entangled in the name of the fund, but began to care about the size of the fund.

"The first phase, tentatively set at 1 million US dollars!"

Zhang Yida waved his hand, and the little target went out.

"This……"

Onu stuttered a little, because he was too happy.

Zhang Yida thought that the other party was not satisfied, and added: "Minister Onu, 1 million US dollars is not a lot, it is too much, from the perspective of the African technology start-up market, it is unbearable.

If I invest one billion to eight hundred million, it is not called venture capital, it is called mergers and acquisitions.

This is not the final number, and we can add it later depending on the situation. "

Onu realized that he had lost his composure, picked up the Moutai on the table with a smile on his face, filled it up for himself, raised his glass and said, "Come on, Mr. Zhang, I would like to toast you, thank you for your contribution to the everlasting friendship between China and Nepal." .”

Zhang Yida picked up the wine glass, clinked glasses with Onu, took a sip, and said with a smile: "If Nigeria can put more effort into the Internet infrastructure, I believe it will be able to attract more capital."

Onu nodded. This matter is easy to say, but it will cost a lot of money to do it. He has proposed motions many times in cabinet meetings, but he has no money, which makes him very upset.

"By the way, Mr. Zhang, where do you plan to put the headquarters of this Wakanda venture capital fund? Is the investment aimed at the whole of Africa?"

Zhang Yida knew what Onu meant, and replied with a smile: "The investment is aimed at the entire African market, but we plan to put the headquarters in Lagos.

Of course, branches will also be established in South Africa, Kenya, Egypt and other countries. "

Hearing that the headquarters is in Lagos, not only Onu, but even the governor Babajid Sanwuru next to him couldn’t help coming over, saying that as long as the Wakanda Fund landed in their Lagos, they would definitely give them the greatest support. Various support such as security and tax incentives.

Minister of Commerce Idris Waziri also spoke, and also expressed various supports.

After a meal, the things to be discussed were also discussed, and several Nigerian officials left happily.

Zhang Yida had a private conversation with two consuls in a tea room of the hotel.

"Mr. Zhang, as the Lagos consul, I am very happy and support you to invest in Africa. Hasn't the country always called on private enterprises to go global? We have seen the brilliant achievements of Ruixiang in the world."

Chu Maoming, Consul General in Lagos, changed his voice, "However, we must strengthen the security of enterprises, especially Chinese employees."

Then, Consul Chu told Zhang Yida about the African continent, especially the political situation and security environment in Nigeria.

Vice Consul Guan Zhongqi introduced the business environment in Nigeria in detail.

Zhang Yida feels that the two consuls are still very conscientious. Although he has read all these situations through the materials and letters collected by Chuanrui, they are still willing to chat with you about these things at night.

"If you encounter any difficulties, you must let the employees come to the consulate. The country is your most solid backing."

Before leaving, Chu Maoming urged again.

Zhang Yida smiled and said, "Sure, thank you two leaders for your concern."

After sending the two consuls away, Zhang Yida, Shen Beipeng, and Xu Xiaoming chatted over drinks in a lounge of the hotel.

"Investment in Africa should be more cautious!"

Xu Xiaoming said with a smile, "It's not that I'm old and I'm afraid of any security risks, but that I'm quitting."

After speaking, he looked at Shen Beipeng.

"Jumia is known as the Ali Baba of Africa, and it is also the first unicorn company in Africa.

It was listed on the New York Stock Exchange in April, with a market capitalization of up to US$4 billion.

But last month, Xiangyu issued a short-selling report, accused of financial fraud, and its market value plummeted. "

Shen Beipeng picked up his glass, took a sip of wine, and continued: "I don't know if you have read the financial report, but Jumia has suffered serious losses. While the losses are expanding, revenue growth is slowing down. This is a very bad signal."

Zhang Yida nodded, agreeing with this point of view.

As the first technology company in Africa to go public in the United States, Jumia is very typical and worthy of careful analysis.

By analyzing Jumia, many problems in the African technology startup market can be observed.

"German rocket network is a shareholder of Jumia, and those brothers are very opportunistic."

Zhang Yida has dealt with Rocket.com before, and he knows the style of the other party.

"Oh, I remembered, that time when you came to Zanda, right? You teamed up with them to put Ahri together."

Zhang Yida looked at Xu Xiaoming, shook his head, and said with a smile, "I didn't trick anyone, they wanted to buy it themselves."

Shen Beipeng squeezed his chin, and said: "The fact that Jumia is what it is now has a lot to do with Rocket.com's business style.

Those guys like to follow suit and make quick money, and they are famous all over the world.

However, regardless of the impact of Rocket.com on Jumia, there are many problems in the business thinking and direction of this company.

Their businesses include Jumia Food, an online food delivery service, Jumia Flights, a travel booking service, and Jumia Deals, an advertising classifieds website, as well as Jumia Services, an e-commerce logistics infrastructure service consisting of Jumia Pay, a payment system, and delivery services.

At present, they have entered 14 African countries, and the spread is very large. "

Zhang Yida nodded, "That's right, the steps are too big, it's normal for eggs to be pulled.

However, logistics and payment must be done. If not, there is no way to support the development of e-commerce business. "

Shen Beipeng smiled and said: "Then this is the problem. In the final analysis, the infrastructure is too backward, and all the wheels need to be built by ourselves. This will put huge pressure on the expansion of the enterprise."

"Wait!"

Zhang Yida said sternly, "The development of supporting start-ups is still too slow at present, with an average financing of 200 million US dollars. If you ask them to provide supporting services for Jumia, which is already a unicorn and has entered 14 countries, it is beyond their capabilities. "

Shen Beipeng sighed, "Yes! I'm just expressing a point of view. If you are determined to do this market, you must be patient.

The Internet foundation in Southeast Asia is stronger than that in Africa. Even so, the Internet companies in Southeast Asia are still not profitable, let alone Africa.

These emerging markets may have to go through a bubble before they calm down.

You can neither cast bait blindly, but also have enough patience to catch big fish in the end. "

Zhang Yida nodded with a smile. As expected of the king of venture capital, he is always so calm and rational.

(End of this chapter)