Winning the new financial era

Chapter 671 Turning Waste into Treasure
Ah San is really worrying, and she's making a fool of herself again!

The Ministry of Information Technology of India once again challenged Musical.ly, proposing a list of 24 issues, such as how the platform collects user data, raises awareness of safe use, and so on.

Ma Jun, an international firefighter, has been transferred to the vice president of the group, and this job is handed over to Mayer, a former Disney executive who officially took office not long ago.

After Mayer arrived in India, he went to meet with the Ministry of Information Technology of India together with Nikhil, the director of India.

After understanding the intention of the Information Technology Department, Mayer immediately started a video call with Zhang Yida.

"Boss, the officials of the Ministry of Information Technology have been holding on to the identity of our Chinese company.

In order to ensure data security, we are required to build a data center in India to store the data of local users in India. "

Mayer sat in front of the camera with great vigor and reported work to Zhang Yida. The role entered quickly, and she seemed to be very comfortable with and liked the job.

Zhang Yida pinched the center of his eyebrows, going to sea was far from as simple as imagined.

In particular, the more successful the product, the greater the constraints it receives.

Musical.ly has more than 2 million registered users in India, and 1.2 million monthly active users. It is not an exaggeration to say that it is a national-level application.

The low-threshold entry conditions are deeply loved by the middle and lower classes in India. Many people gain fans by creating short videos, and then help brands advertise, reaping a lot of money that is much higher than wages.

Seeing that Zhang Yida was silent, Mayer continued, "The Modi government has been pushing global technology giants to store the data of Indian users in India.

The rationale was the need to keep citizens' information safe and make it easier for Indian law enforcement to access.

Companies such as Google and Facebook, as well as the U.S. government, have criticized the Indian government's proposed regulations, saying they would make it harder for foreign companies to do business and hurt India's digital economy and innovation.

But the Modi government is still going its own way, and we can't help them.

Under pressure, many multinational technology giants have compromised.

Many Internet giants around the world, including Microsoft, Amazon, and Ali's strategically invested Indian payment companies Paytm and Rice, have agreed to migrate existing Indian user data to local servers in India.

Boss, the company is going public soon, so try to avoid any problems in the Indian market.

I roughly calculated that it would cost about US$1 million to build a data center, which is not particularly expensive. "

Zhang Yida nodded, "Okay, I agree to build a data center.

You go to draw a big pie for the Ministry of Information Technology, saying that in the next three years, we will invest 10 billion US dollars in India and create 1 direct jobs. "

Mayer nodded and smiled. The multinational giants seem to have a bright future, but they are actually a face of a country.

If you want to do business on other people's territory, you must take some measures to show favor, and hard steel is definitely not enough.

"Okay, I'll make an appointment with the officials of the Information Technology Department."

After speaking, Mayer got up and planned to act.

"and many more."

Zhang Yida stopped Mayer and asked about the Helo short video and Kumar, the person in charge.

"Kumar is very smart. Once Helo was launched, he held high the national flag-the short video app for Indians.

The effect is very good. Many nationalists spread the word that some Indian elites have returned to China to build India.

Kumar also often appears at various universities to talk about entrepreneurship.

At present, Helo has completed a round of A-round financing of US$5000 million, led by local Indian venture capital, and its development momentum is very good. "

Mayer smiled and said that he still admired Kumar in his words, after all, he was also a middle-level manager in Silicon Valley.

Helo is a matter of dark chess, and Zhang Yida didn't hide it from Mayer.

After all, Musical.ly is still developing in India, and it would be bad if Helo was killed as an opponent.

Zhang Yida's eyes narrowed slightly. He also knew about Helo's introduction of Indian local venture capital. The purpose was to deepen its roots in India.

Although Kumar has dual citizenship of the United States and India, among them, the Indian citizenship was reacquired not long ago, which was specially given by the Indian government to attract overseas students to return to China.

Strictly scrutinizing Helo's equity structure, Kumar, the founder, is more like a spokesperson for an interest group.

Therefore, in order to make the play more realistic, let Indian local wind invest 10% of the shares, which can also offset part of the unfavorable public opinion caused by Kumar's too small holdings.

……

Li Hengbo led the team to China and started formal negotiations with Zhang Yida on the transfer of shares in AC Milan.

"15 billion euros is really too high, and the investment risk is too high. How about 12 billion euros? If you agree, we can sign the contract now."

Seeing that Zhang Yida was unmoved, Li Hengbo persuaded with a smile, "You also need to let us keep some room for the valuation to rise!

The most successful clubs, such as Real Madrid, Barcelona, ​​and Manchester United, are valued at around 30 billion euros.

As you know, Serie A is no longer good. Whether it is the level of competition, attention, club income, or profit, it is not as good as La Liga and the Premier League. "

Zhang Yida admits that what Li Hengbo said is very reasonable, but if it is only valued at 12 billion euros, he will not sell the shares of the Milan club.

So much real money has been invested, and the club's shares are sold at a low price?That's not his style of investing.

"Forget it, I'd better keep it for myself. Anyway, I don't need the four or five billion euros."

What Zhang Yida said was really not pretending to be a wolf with a big tail. Li Hengbo also knew very well how much money Zhang Yida had in his hands.

The sale of three companies, Huimin Travel, Green, and Yimin Department, was cashed out before and after listing. These alone amounted to 50 billion U.S. dollars.

In addition, he also knew that Zhang Yida pledged Rui to borrow 200 billion US dollars in shares, and some time ago, he had a big fight in the US stock market and short sellers.

Four to five billion euros, to Zhang Yida, is really not much, just a drizzle.

"Is that 12.5 billion euros okay? 40.4% of the shares, 5.05 million euros will be paid to you in one lump sum."

Li Hengbo gritted his teeth and added another 5000 million euros to the valuation.

Converted to the transaction, it is equivalent to raising the purchase price of more than 40.4 million euros for 2000% of the shares.

Without raising his eyelids, Zhang Yida said calmly, "14.5 billion euros, if you can accept it, let's continue the discussion."

Li Hengbo has a toothache.

Usually Zhang Yida is laughing and joking, and he is good to his brothers.

When it comes to business, he immediately turns his face and denies anyone.

Instead of raising the price hastily, he talked about the truth with Zhang Yida.

"After transferring the 40.4% shares, your investment in Milan has basically been recovered.

But Temasek did not. Counting the previous investment and this equity transfer, we have invested almost 6 million euros.

If something happens, we will be the ones who suffer the most, right? "

Zhang Yida didn't listen to this, and retorted, "Any investment is risky! Investment without risk is a scam.

However, none of the investors who have worked with me have lost money! "

"What about Gopher Assets, Bertelsmann Asia, Lightspeed China, and Northern Light Venture Capital?"

The slap in the face came suddenly, but Zhang Yida concealed his embarrassment very well, and said with a smile, "This is due to force majeure and the ebb tide of P2P.

Besides, haven't the stock prices of Yimin Wangjin and Yimindai risen back recently?
There is also Ruixin Group, which is also preparing for listing, and is preparing to log on to the Science and Technology Innovation Board.

Follow me, you can't lose him. "

Li Hengbo smiled and shook his head, Zhang Yida was also very good at cheating people, so he had to be careful.

In the end, it was Zhang Yida who took the initiative to back down and lowered the valuation of the Milan club to 13 billion euros, which facilitated the deal.

After transferring 40.4% of the shares, Temasek’s shareholding reached 49%;

Zhang Yida still has 50.93% of the remaining shares and is still the largest shareholder.

At the same time, it also received 5.252 million euros in equity transfer funds, which brought back all the investment in Milan.

Even if Milan falls down again in the future, he will not lose money.

Without the pressure of return on investment, he can really look at the development of the club.

The other 0.07% of the shares are in the hands of minority shareholders. The former Italian Prime Minister Lao Bei did not clean up the club when he bought the club in the 80s.

Zhang Yida also asked these people, willing to buy this part of the shares at a price of 10 euros based on a valuation of 70 billion euros.

But many of these small shareholders are loyal fans of Milan and are unwilling to sell these shares.Besides, I can't sell it for much money, so I just keep it as a souvenir.

Anyway, it didn't affect the overall situation, so Zhang Yida just let it go.

Judging from the book return, the nearly 51% of the shares he still holds are all return on investment, worth 6.5 million euros.

The useless things in Li Ge's hands were successfully turned into treasures in his hands.

(End of this chapter)