Winning the new financial era

Chapter 112 $93.2 Billion

"I think cutting-edge technology, AI, blockchain, big data, cloud computing, and Mobao payment are deducted.

As far as the basic market of Ruixiang Group is concerned, the annual net profit of 2 million US dollars, 30 times the PE valuation of 60 billion US dollars is not too much!
AI, blockchain, big data, and cloud computing are all key development directions in the future. It is not too much for this part to be valued at US$10 billion!

Besides, Mobao Payment, although it has lost more than one billion yuan this year, there is no premium for a 5% market share estimated at 20 billion U.S. dollars!
Leech Financial currently claims a valuation of US$450 billion, more than half of which is supported by payment business, and payment income also occupies the main source of income.

Valuing Alipay at US$300 billion is a similar figure, and our market size is almost 1/15 of it, so we can get a valuation of US$20 billion.

Ruixiang also invested in two consumer installment companies, Miaofenqi and Lefenqi.

Miaofenqi announced this month that it has completed the C round of financing of US$1 million, and its valuation has exceeded US$5 million. Sharpxiang currently holds 12.8% of its shares, valued at more than US$6000 million.

Lefenqi’s US$1 million B round of financing led by DST has also been negotiated and will be in place soon, with a valuation of more than US$5 million. Sharp holds 32% of its shares, valued at more than US$1.6 million.

The two investments add up to 2.2 million U.S. dollars, plus the Ruixiang Industry Win-Win Fund, I think the overall valuation of Ruixiang is no less than 93.2 billion U.S. dollars. "

Zhang Yida analyzed all the valuation systems of Ruixiang Group to everyone one by one.

Lin Zhenyang was a little dumbfounded, his face was flushed, and he quietly moved to Zhang Yida's side and said:
"Then according to your calculation, isn't my 6.67% stake worth more than 6 million US dollars?
I'm also 40 billion brother? "

The meme of brother 40 billion was spread by everyone in the first half of the year when the school rumored that Ruixiang was valued at more than 10 billion. Zhang Yida held 60% of the shares and was worth more than 6 million US dollars, which is 40 billion yuan.

"No matter how high the value is, it is still rich on paper." Zhang Yida took a look at Lin Zhenyang, shook his head and smiled.

The other investors didn't speak, they were all reminiscing what Zhang Yida just said.

Is $93.2 billion overestimated?not at all.

The valuation of each business unit is supported by data or reference objects.

"Can Penguin accept a valuation of over US$90 billion?" Xu Xiaoming was also shocked and asked without confidence.

"Then it's hard to say, anyway, I will meet them in two days, so you should participate together!"

Zhang Yida said indifferently, this valuation is not overestimated. In the previous life, the PE of Leech Financial Services was [-] times, and investors also paid for it?As long as there is a fast enough growth rate and a wide enough track, the concept of the story can go on.

Several other investors did not speak, it is estimated that Ruixiang's growth rate was too fast, which surprised them.I'm afraid I don't want to cash out the shares now.

"If there is a C round of financing, Black Shirt Capital will follow suit, with a valuation of more than 90 billion US dollars, we agree."

Shen Beipeng spoke. Ruixiang's high growth rate made him startled, but also very excited. This is a golden phoenix, and he must be firmly grasped.

"The valuation is US$93.2 billion, and Temasek also agrees. If we want to conduct a C round of financing, we will continue to follow suit."

Li Hengbo said grandly, for a national sovereign wealth management fund, this amount of money is nothing more than sprinkled water. Now that the black shirts are following the investment, and the giant penguins are also entering the market, additional investment is necessary!
Other investors also reacted, and expressed their agreement with this valuation, and the C round of financing had to follow suit.

This made Zhang Yida very passive. Looking at it like this, he didn't even want to get out of the car, so the old stock couldn't be sold anymore?

Moreover, all the institutions chose to follow the investment, and the only ones whose shares were diluted were Lin Zhenyang and himself...

After the meeting was over, Lin Zhenyang was dawdling there and didn't want to leave. Zhang Yida asked:

"Is there a problem?"

"I want...to cash out some shares!" Lin Zhenyang said a little embarrassedly.

Zhang Yida thought it was a big deal, but it turned out to be such a trivial matter, and said with a joke:
"Are you busy marrying a wife or buying a luxury house and a famous car? You can cash out part of it, but don't make too much of it. I'm afraid you will regret it in the future."

"I have 6.67% of the shares, a small change, 0.67% is enough." Lin Zhenyang shook his head like a rattle, and he was not stupid, so he naturally knew that Ruixiang's potential had not yet exploded.

As the president, he is very clear about Ruixiang's operation.

Businesses such as Mung Bean Credit, Hantai Fund, Touronghui Wallet, and IOUs are making efforts. In addition to the already profitable businesses, in the next year or two, Ruixiang's net profit will be maintained at at least US$5 million.

At that time, several cutting-edge technologies will almost produce results, and Mobao Pay will have a 10% market share by then, so Ruixiang's valuation will be at least 200 billion US dollars.

Wait another year or two, and the value of the shares in hand may double or triple.

But Lin Zhenyang can't wait, he is in urgent need of money to improve his life.

"I'm getting married!" Lin Zhenyang confessed.

"Pfft!" Zhang Yida was drinking water, but spit out a gulp of water, winked and said:

"Did someone get killed?"

Lin Zhenyang was a little shy and stammered:

"That's it... that's it!"

Seeing him like this, Zhang Yida laughed heartlessly, and said after a while:

"Okay! You can think it through. I support your decision!"

Lin Zhenyang scratched his head and said:

"After all, I am not alone anymore, and I have to think about my family.

Xiaomo chose me, a poor boy, without hesitation, and did not back down when faced with family pressure.

This time, I must give her a grand wedding! "

Zhang Yida nodded.He knew Xiaomo, who was in the same class as Lin Zhenyang, and was also a student of the courtyard, and his relatives all worked in the ministries.The family background is very good!
In contrast, Lin Zhenyang's family of ordinary citizens is a bit out of line.

In the previous life, there was a lot of resistance between the two of them.

It wasn't until Lin Zhenyang graduated and entered the investment bank, and was promoted all the way to become VP vice president, that Xiaomo's parents slowly accepted him.

Anyway, in the previous life, the two were not married until 2019.In this life, I have changed Lin Zhenyang's fate!Let them achieve a positive result in advance!
The merit is immeasurable!
It also saved a small life, which is better than building a seven-level pagoda!

Zhang Yida smiled and said:
"Then congratulations! Sister Xiaomo's family didn't put any pressure on you, did they?"

Lin Zhenyang shook his head and said, "No! Her parents' perception of me has changed a lot now!"

Speaking of which, he patted Zhang Yida on the shoulder, and said sincerely: "I still have to thank you! Take me to start a business together. Otherwise, I don't know if I can still be with Xiaomo now?"

"It's so sensational!" Zhang Yida looked at Lin Zhenyang, whose eyes were flushed, and felt that Lin Zhenyang had suffered more troubles than he imagined!
……

"The pre-investment valuation is 93.2 billion US dollars! Hehe, take our penguins for a fool!"

Liu Zhiping threw the document Ren Yu handed over on the table and sneered.

"There is a certain bubble! But it is generally reliable." Ren Yu thought about it for a while, and still felt that Ruixiang had great potential and was a good investment object, which should not be missed.

Liu Zhiping was born in 73. When he was the executive director of Goldman Sachs Asia, he promoted the listing of Penguin and got acquainted with Ponima.Bonima appreciated his talent, gave him shares and a high salary, and invited him to Penguin as the president.

Now he can be regarded as the second-in-command under one person and above ten thousand people in Penguin.

Holds about 0.5% of Penguin's shares, and the annual salary is as high as more than 2 million yuan (mostly equity rewards).With a net worth of over 100 billion, he can be regarded as a working emperor.

Liu Zhiping is a very rational person. He just heard an offer of more than 90 billion US dollars, and it took only a moment to get angry.

Now that his mind has returned to rationality, and considering that Ren Yu is also a very talented person, he will not shoot empty guns, saying that it is worth more than 90 billion US dollars, which is probably on target!
So Liu Zhiping looked at Ren Yu and said calmly:

"Then tell me! What kind of value!"

Ren Yu thought for a moment, and began to say:
"Ruixiang currently has nearly 2 million registered users, which can be said to be the second largest Internet financial traffic portal after Leech Financial Services.

Their business layout is also very complete, finance, bookkeeping, credit cards, loans, wealth management, funds, insurance... basically achieved full financial coverage.

In terms of cutting-edge technology, AI, blockchain, cloud computing, big data and other fields have also achieved considerable results.

The most important thing is mobile payment. They rank fourth with a market share of about 5%, second only to Alipay, Lakala, and our Tenpay.

Lakala's main focus is on POS machines, and it will be a matter of time before Mobao Pay surpasses them.

I judge that in the next 1-2 years, there will be a three-legged pattern in the industry.

Alipay is the first, we are the second, and Mobao is the third.

Win them over, the second and third fight against the first! "

"Then have you ever heard the story of the number one and the second fighting, fighting and beating the third child to death?"

Liu Zhiping looked at Ren Yu jokingly, that's all, he couldn't convince him.

"Ruixiang Group, after deducting cutting-edge technology research and development expenses and mobile payment user subsidies, has a net profit of nearly 2 million US dollars."

Ren Yu thinks that Ruixiang’s current valuation of 80-90 billion US dollars is relatively reasonable, and it is a high probability event that the future valuation will reach 200 billion US dollars.

Penguin's investment in Ruixiang can not only subdue a potential strong enemy, but also cooperate with Ruixiang to jointly check and balance Leech Financial Services.

Even if it can't beat Leech Financial Services, Ruixiang will stick to the slow development of the current industry, and there is no problem with the investment's appreciation of one or two times in the next year or two.

"According to the information, Ruixiang Group has only been established for a little over a year, right? The founder Zhang Yida is not yet 20 years old?"

Liu Zhiping was a little surprised when he heard that Ren Yu said that Ruixiang had a net profit of nearly 2 million US dollars, and began to look through the information.

In his opinion, Ruixiang has a certain revenue and profit, which means that it is not all a bubble. Even if it is not worth 90 billion US dollars, it should have a certain investment value.So I started researching the data.

"Yes, it was established last October. Zhang Yida is only 10 years old and still in his sophomore year." Ren Yu replied, and stopped talking after answering, quietly waiting for Liu Zhiping's reply.

After reading for about half an hour, Liu Zhiping raised his head, shifted his eyes from the document to Ren Yu's face, and raised his mouth slightly:

"Interesting! I need to report to Pony!"

(End of this chapter)