Winning the new financial era

Chapter 111 The Penguin Attacks

Chen Sheng suddenly remembered something again, and said to Zhang Yida:

"Penguins seem to notice us!"

"Oh, what do you say?"

Zhang Yida was curious about the penguin's reaction.

"Someone of them is contacting us, asking if we need financing..."

Chen Sheng didn't dare to hide anything, and told the whole story about Penguin's contact with him.

"You said their condition is to split up Diandianchou and operate independently?"

Zhang Yida's expression was normal, he couldn't see any joy, and kept sizing up Chen Sheng.

Chen Sheng's face was as usual, and he didn't seem to be fake, and said calmly:
"What they mean is that Diandian plans to operate independently, and will raise funds independently and go public in the future. As shareholders, Ruixiang Group and Penguin Group have the right to nominate directors..."

Zhang Yida's eyes were gloomy, and the giant still made a move on him. A little bit of money was probably just the beginning.

Because Diandianchou is very dependent on Penguin's traffic, if it is killed by WeChat, it will basically be useless.

Although Mobao Pay and WeChat Pay are not yet in hand-to-hand combat, there is already a hint of war.

Whether it's war or peace, it all depends on Zhang Yida's thoughts.

When an enterprise reaches the level of billions of dollars, it basically has to consider standing in line.

At present, Meituan stands for Ahri, and Didi stands for Penguin.

"You asked the people from Penguin to come and talk to me. I want to see what kind of medicine they sell in their gourds?"

Zhang Yida decided to get in touch with the penguins first, and then talk about the conditions.

For the boss, right and wrong, grievances and hatred are meaningless, only benefits are eternal.

If it was Ahri, Zhang Yida directly refused, and would not consider meeting him at all.

Compared with Penguin, Ari's investment style is more inclined to mergers and acquisitions. Buy a little bit of shares, and then gradually nibble away, and become an Ari person in a daze.

In addition, Leech Financial Services Group was formally established last month. It used to be called Xiaowei Financial Services Group.

The entire group, with Alipay as the core, also has sub-business segments such as Yu'ebao, Zhaocaibao, Leech Jubao, MYbank, Leech Huabei, and Sesame Credit.

Alipay corresponds to Mobao Pay, Yu'ebao corresponds to Changebao, Zhaocaibao corresponds to P2P business, Leech Jubao corresponds to Fund Supermarket, Huabei and Jiebei correspond to Investment Ronghui Wallet and IOU, and Sesame Credit corresponds to Mung Bean Credit.

Except for being short of an Internet bank, Ruixiang can be said to compete with Leech Financial Services in all aspects.

In the future, the insurance sectors of each other will still face each other.

After the establishment of Leech Financial Services, it will immediately start a round of huge financing, and then run blindfolded. There is no one in the world who can fight.

Of course, that was the situation in the previous life.

In this life, there is an extra Ruixiang Jinke Group. Although the size of each other is still a bit short, it is not impossible to compete with Leech Financial Services.

Zhang Yida believes that in the future, there will be far more and greater conflicts with Ahri than with Penguins.

Another thing is personal opinion. Jack Ma's method of dismantling Leech Financial Services is a bit unscrupulous and contrary to commercial reputation.

In addition, Jack Ma said that "P2P is an illegal fundraising in the cloak of the Internet", but his Wangjinshe and Zhaocaibao are doing the same thing.

Zhaocaibao issued 3 million yuan of Qiaoxing bonds. After the bond defaulted, it played football with the relevant bond issuance agencies to shirk their responsibilities, and investors had no way to defend their rights.

Zhaocaibao packaged high-risk private placement bonds as "term wealth management" products, making investors mistakenly think that they were wealth management products similar to time deposits, and induced everyone to "buy, buy, buy".

If something goes wrong and the blame is dumped again, it actually hurts the user.

In the words of investors:
"In order to make money, there is no bottom line."

"A company that uses credit as its selling point has lost its own credit."

……

People from Penguin arrived very quickly. The leader was Ren Yu, vice president of Penguin, who also served as COO of Penguin and general manager of Penguin Industry Win-Win Fund.

Ren Yu was born in 75, and Zhang Yida is still a fellow, and also a native of Rongcheng. After graduating from the University of Electronic Science and Technology of China in 98, Nan Piao Pengcheng first worked in Huawei for 2 years, and joined Penguin in 2000, becoming an early backbone.

In 03, he started to be in charge of Penguin Games, and led Penguin Games to achieve a counterattack from being unknown to the industry's number one. He is a ruthless person.

Ren Yu politely said to Zhang Yida in Sichuan dialect:

"It's not easy. It's rare to find a young hero like Mr. Zhang in my hometown. The last one was Liu Yonghao, Mr. Liu."

Everyone loves polite words, so Zhang Yida laughed and said:

"No comparison! No comparison! Mr. Liu is an old senior. Comparing my grades with his, it is like a firefly competing with a bright moon.

Mr. Ren is really amazing. Half of Penguin's market value is supported by the game team you lead.

Like your DNF, CF, LOL, I like to play, they are all good games! "

Ren Yu continued to chat with Zhang Yida for a few words, and then came back to the topic, saying:
"The Penguin Industry Win-Win Fund is very focused on the future development potential, and is willing to join hands with Ruixiang for a win-win situation. I don't know what Mr. Zhang thinks?"

"It's okay to spin off Diandianchou to operate independently, but Ruixiang Group must hold a controlling stake. We will not back down on this point."

Zhang Yida is very greedy for Penguin's traffic, and is willing to spin off some chips, but he is absolutely unwilling to give up his position as the controlling shareholder.

Ren Yu seemed to know the result a long time ago, so he didn't argue, looked at Zhang Yida with a smile on his face, and said:

"Ruixiang Group heard that it is going to conduct a C round of financing. We, Penguin, are also very interested in participating. Mr. Zhang, what do you think?"

"Ruixiang is an AB stock model, if Penguin agrees, I will welcome it with both hands.

In addition, one vote of veto or something will be exempted! "

Zhang Yida also wanted to understand that he would take anyone's money, as long as he had the right to speak.

Ren Yu was not angry either, Gujing Wubo said:

"Penguin is a strategic investment, which can support Ruixiang's huge traffic. With Penguin's help, Ruixiang will definitely go further and more steadily in the future.

The AB share model can be implemented, but Penguin needs 20% of the shares. "

"What do you think about the possible competition between Mobao Pay and WeChat Pay in the future?
Hitting you with your money is no longer an enemy! "

Zhang Yida jokingly said, penguins are really interesting, are you going to bet on both?
In the future, Mobao Pay and WeChat Pay will be invincible no matter whether they win or lose.

Ren Yu smiled and said:

"For competition, we have always been tolerant. Mobao Pay and WeChat Pay compete with each other and promote each other.

Even if there is no magic treasure, there are other treasures.

On this point, we are very generous. "

"I'm afraid I look down on Mobao's payment!" Zhang Yida thought to himself, Mobao's main battlefield is now offline, mainly competing with Ahri, and Penguin hasn't promoted the offline payment code much yet.

Penguin is happy to see Mobao pay to grab territory from Ari.

Zhang Yida was also thinking in his heart that if he let the penguin in, his shareholding would be reduced to 42%, and the voting rights would still be about 80%.

Ren Yu didn't speak, and looked at Zhang Yida patiently, waiting for his reply.

"So, let me ask if the old shareholders are willing to sell their shares? Penguin can buy some old shares, and we will issue some new shares."

Zhang Yida thought of a way to reduce the decline in his own shareholding ratio, and at the same time allow Penguin to meet the requirement of 20% of the shares.

"We have no objection, as long as we reach a 20% shareholding ratio."

Ren Yu nodded, the process is not important, as long as the result is achieved.

Thus ended the first meeting with Penguin Fang.

Neither side of Diandianchou is negotiating, as long as Ruixiang’s shareholding is reached, Diandianchuu will be a small problem.

Zhang Yida invited various investors to the office of Ruixiang Group and told them all about the meeting with Penguin.

"How much is Penguin willing to value?"

The black shirt capital behind Shen Beipeng is the largest external investment institution of Ruixiang, and it is very concerned about the valuation of Ruixiang.

Zhang Yida shook his head: "It's just our first meeting, and we haven't discussed this topic yet.

I just want to ask you now, do you have any idea of ​​selling some of the shares? "

"If the valuation is reasonable, I can sell part of it." Zhenke Fund managed by Xu Xiaoming currently holds 3.33% of the shares. The $1000 million invested in the A round of financing is valued at $30 billion after the B round, which is already worth $1 million. , the return on paper reached 10 times.

It is precisely because of the paper return that he is not in his pocket, so he wants to cash out part of it, first to have a pocket income, and to keep the other shares for later.

"Temasek has no idea of ​​selling equity, we will hold it for a long time."

Temasek investment representative Li Hengbo said lightly.

Everyone complained in their hearts, your family is rich and powerful, and the whole Lijiapo belongs to your family, so of course it won't hurt your back to stand and talk.

"Mr. Zhang, in your mind, what is the current valuation of Ruixiang?" asked Tong Shijie, representative of GGV Capital.

"Yes, Mr. Zhang, let's talk about Ruixiang's current valuation. If the valuation is reasonable, we can also cash out part of it to reduce the pressure on the management team."

Qiming Venture Partners Gan Renping also laughed and said something.

"They're all old foxes! What did you say to reduce the pressure on the management team? If you want to cash out, just say so." Zhang Yida secretly said in his heart, but it's normal for people to want to cash out when the rewards are generous.

Venture capital, what they do is buy low and sell high!
Zhang Yida asked Song Caiwei to distribute a copy of the operating data report and financial report to each of the investors present.

Zhang Yida sat in the first seat and said:
"As of now, the total number of registered users of Tourong Huiyitong has exceeded 1.9 million, and it is expected to exceed 2 million before the end of the year.

As of the Q3 quarter, after deducting R&D investment and Mobao payment user subsidies, the net profit of Ruixiang Group was 8 million yuan, or about 1.3 million US dollars.

This number, including the Q4 quarter, will definitely exceed 2 million US dollars.

The seven major financial supermarkets and Tiance Technology have generated most of the net profits. Mung Bean Credit, Hantai Fund, and our consumer finance business (investment, financing and exchange IOUs, wallets) are making efforts.

In the future, these emerging businesses will become our new profit growth engines, even surpassing the net profit of existing businesses.

In terms of cutting-edge technology, our cloud computing and big data business have made major breakthroughs, and Ruixiang Financial Cloud is about to be launched on the market.

For AI and blockchain technology, we have also achieved a number of patent registration results, and it is not far away from launching them into the market for commercial use.

The core product Mobao Pay has access to more than 900 million merchants.There are 6000 million small and micro merchants nationwide, and the coverage rate has reached 15%.

Mobao Pay has more than 5000 million transaction users, and the number of transactions in a single day exceeds 1000 million.

During the same period, Alipay had 1.9 million active transaction users, and Penguin Tenpay users had 2 million.

According to the data of the iResearch report, in the third quarter, the market structure of the mobile payment industry in the third-party payment market was stable. The top four in the market. "

Zhang Yida glanced at the crowd and smiled slightly:
"You say, how much should it be valued?"

(End of this chapter)