Winning the new financial era

Chapter 113 Left or Right
"Pony, what do you think about Ruixiang? Invest or block?"

Liu Zhiping reported Ruixiang's matter to Bonima and was waiting for his reply.

Ponima is a heavy smoker, leaning on the sofa in the office, burning two cigarettes in a row without making a sound, thinking all the time.

Liu Zhiping didn't interrupt him, just silently waiting for his reply.

"You can vote! Cut the valuation down a bit. In addition, vote according to Goudong's method!"

Ponima finally made up his mind to invest in Ruixiang. After thinking about it, he added:
"Don't they have a magic treasure to pay? Let them fight with Alipay! Our promotion of Tenpay will continue at the same pace."

Liu Zhiping nodded and asked again:

"Still investing according to Goudong's method, that is, cash + resources to invest in shares?"

"Yes, let them open the WeChat Jiugongge, and the value will be calculated as 10 billion U.S. dollars..."

Ponima is also an old fox. WeChat is gradually commercializing. Opening Jiugongge to Ruixiang not only saves a lot of cash, but also enriches the WeChat ecosystem.

"10 billion dollars...is it too high? Can Rui Xiang accept it?" Liu Zhiping couldn't help laughing out loud, Boni was slaughtering him like a fat sheep.Then said:

"When I became a shareholder of Goudong in the first half of the year, the price of acquiring 15% of the shares was not small.

In addition to the 100% equity of QQ Online Shopping and Paipai.com, as well as part of the shares of Yixun.com, the primary entrance of WeChat and mobile QQ clients is also open to them.

In addition, 16 billion Hong Kong dollars in cash, or about 2.14 million U.S. dollars, were given out..."

"What was the valuation of Goudong at that time? It was US$157 billion, right! 15% was US$23.55 billion.

Paipai + QQ online shopping + Yi Xun counts as 10 billion US dollars! QQ and WeChat first-level traffic portals are worth US$10 billion.

Isn't that good?The price is fair and reasonable! "

After finishing speaking, Ponima smiled and gave Liu Zhiping a wink.

"Hmm! You are right to say that. WeChat's first-level entry is priceless. You can't buy it with money, and it is only open to core business partners.

Then I will negotiate according to this price! "

Liu Zhiping thinks what Boni said is quite reasonable. What does WeChat Jiugongge mean to a start-up company?It means that you can enjoy hundreds of millions of user traffic when you access it.Businesses can take off in place.

Is $10 billion expensive?Not too expensive!
"How much valuation is reasonable?" Liu Zhiping asked again.

"Give him 20 times the PE, and cut 20 billion US dollars!" Bonima said with a wave of his hand.

"Okay, I understand!" Liu Zhiping nodded slightly.

……

"President Liu, the valuation of US$60 billion is too low! When Ruixiang did the B round in April, it was valued at US$4 billion.

Now that more than half a year has passed, the volume has more than doubled! "

Zhang Yida shook his head repeatedly in Ruixiang's conference room, and the other investors present also nodded to express their approval of Zhang Yida's words.

Liu Zhiping didn't delay for a moment, and the next day after communicating with Ponima, he took Penguin and his party to the capital to restart the second negotiation with Ruixiang.

When it comes up, it is very strong directly, saying that Penguin only recognizes a valuation of US$60 billion at most.

Of course Zhang Yida and other investors do not agree!The situation was deadlocked.

Shen Beipeng has a good relationship with Penguin and has invested in many projects together.He then spoke:
"Zhiping! The valuation of 60 billion US dollars is really too low. Everyone can see the growth of Ruixiang. Please report to Pony, let's increase it!"

Liu Zhiping thought for a while and said, "Okay, I'll ask Pony for instructions!"

After speaking, he turned around and left the office.

After Liu Zhiping went out, other investors whispered to each other.

"This penguin is too domineering, 60 billion US dollars, fooling ghosts!"

"If it doesn't work, let's get in touch with other capital for the C round of financing."

"Yes, $60 billion is too low, we disagree."

"Yida, what do you mean?" Shen Beipeng looked straight at Zhang Yida.

The other investors also stopped discussing and watched Zhang Yida to see how he would reply.

Zhang Yida sneered twice, scanned the crowd, and said cruel words:

"The bottom line is US$80 billion before investment and US$100 billion after investment. If it is lower than this line, then give up Penguin and contact other capital directly."

Many investors also spoke in support:

"Yes, we have the same caliber and the same external, 80 billion US dollars is the bottom line."

"The post-investment valuation has risen to US$100 billion, and Ruixiang's brand can climb to a higher level."

"To be honest, US$80 billion is a bit low, but the significance of Penguin's shareholding is different. Leech Financial Services will definitely be Ruixiang's biggest competitor in the future.

Make friends with the penguins, so as not to be attacked by the two giants.This is a vertical and horizontal strategy! "

Shen Beipeng began to comfort everyone, mainly for Zhang Yida.

Zhang Yida glanced at him and nodded.

After a while, Liu Zhiping returned to the meeting room, and said with a happy face:
"I communicated with Pony, and he agreed to increase the price by US$5 million, raising the pre-money valuation of Sharp to US$65 billion."

Zhang Yida smiled and said:

"Since Penguin is sincere, we will also make some concessions, remove the fraction of 3.2 million, and calculate the valuation at 90 billion U.S. dollars."

Liu Zhiping frowned a little. Pony's highest upper limit offer was US$73.2 billion.Now there are billions of dollars in and out.

But do business!It is normal for you to come and bargain with me.

After some rhetoric, Liu Zhiping insisted that the price will not increase at "73 billion US dollars".

Zhang Yida's offer was lowered to US$83 billion, and he no longer let go easily.

At this point, no one backed down.

Liu Zhiping said that he would go back to study and ask Ponima for instructions, and the second negotiation ended here.

……

"What? Pang Lei said she wanted to talk to me?"

Today is November 11th, and Zhang Yida was invited to participate in the first Wuzhen Internet Conference.At this time Song Caiwei came to report to him.

In an empty meeting room of the Internet Conference, Zhang Yida met Pang Lei, the two shook hands and exchanged a few pleasantries.

Pang Lei smiled and said: "You have built a commercial aircraft carrier worth tens of billions of dollars at a young age. Mr. Zhang is amazing! He deserves to be the most outstanding young hero in Sichuan and Chongqing. Even many entrepreneurs of the older generation are very talented. admire you……"

Pang Lei is from Yuzhou, and at this time she is speaking an authentic Yuzhou dialect, boasting Zhang Yida to the sky...

"Tens of billions of dollars!" Zhang Yida guessed in his heart that the matter of Penguin looking for Ruixiang to negotiate a shareholding was probably noticed by Leech Financial Services.

Then Pang Lei, the CEO of Leech Financial Services, came to him, probably because of this matter, whether it was a shareholding or a merger!

Zhang Yida laughed and said, "The old man praised me! That's really an honor! Did Jack mention me?"

Pang Lei was also stunned, feeling that Zhang Yida was really thick-skinned.However, the reaction was quick, and his face returned to calm in an instant, and he smiled:

"Jack also admires you very much. He said that at your age, he is still preparing for the second repeat! The first time he scored 19 points in the math test of the college entrance examination...

He said that at the age of 18, you were admitted to Peking University in one go, and then started a company, creating such a career in one year.

He was envious of becoming famous at a young age! "

"Haha, Jack has won the prize! He is also an entrepreneur I particularly admire..."

Zhang Yida also talks nonsense when he sees people, and talks nonsense when he sees ghosts.Although Jack Ma has never been too cold, but in front of other people's Eighteen Arhats, there is still a wave of business bragging.

After talking about it, Pang Lei and Zhang Yida got a lot closer.She looked at Zhang Yida with piercing eyes, and said:
"Yida, what do you think of Leech Golden Clothes?"

"Very good! The potential is huge, and it is expected to become a $[-] billion enterprise!"

Zhang Yida pretended not to understand, and praised directly.

Pang Lei looked at Zhang Yida seriously, and asked:
"Ruixiang's business has a high degree of overlap with Leech Financial Services, and there will be intense competition in the future.

Who do you think has a better chance of winning? "

"It must be Leech Financial Services! PayPal was established in 04, so you have a first-mover advantage. Then you also rely on Ali's strong e-commerce scene and resources.

These are places that Rui Xiang cannot compare with! "

Zhang Yida is very frank, admitting that the opponent is strong is nothing, and this is also a manifestation of self-confidence.

Pang Lei nodded, although she was young, she still had some sharp eyesight.Then he spoke again:

"The biggest disadvantage of Ruixiang is that it has been established for a short time and lacks foundation.

Take mobile payment as an example, we plan to use 15 billion yuan to subsidize the market in 100.Rui Xiangnan?

I'm not saying you can't spend 100 billion.If you open up financing, you will definitely get the money.

But 16 years? 17 years? 18 years?

Financing every year, subsidizing the market every year.Sharp's other businesses will also be dragged down and affected.

As far as I know, your shares in Ruixiang are only about 50%! "

Zhang Yida nodded, motioning for her to continue.

Seeing that Zhang Yida was listening to her speech very seriously, Pang Lei said passionately:

"After several rounds of financing, your equity will definitely be diluted to only 20%, 10%.

In case mobile payment fails to compete again, Ruixiang's valuation will be 100 billion US dollars.

At that time, your equity will be worth 20 billion US dollars.

What's the matter?
Why don't you join forces with Leech Financial Services to expand your business together, go abroad, and let China's mobile payment occupy the world! "

Wonderful!As expected of the Eighteen Arhats!Zhang Yida felt that Pang Lei's speech was wonderful and contagious.

Seeing Zhang Yida pondering all the time, Pang Lei added fuel to the fire and said:
"If Ruixiang merges with Leech Financial Services, we are willing to give a valuation price no lower than that of Penguin!
In addition, we will recruit you as Ahri's partner!

If you still want to focus on Internet finance, let you be in charge of the Southeast Asian market! "

Zhang Yida smiled and said, "Sister Lei, do you think so highly of me?"

"You have this talent, and it's worth the price!" Pang Lei said with a smile on her face, and then sighed: "We are all old! When I retire in the future, it's not impossible for Leech Golden Clothes to be in charge of you!"

The temptation is great!He is also a partner of Ali, and he is also at the helm of Leech Financial Services, and then the one-time payment for the acquisition of Ruixiang should be the shares of Leech Financial Services + a large amount of cash.

In terms of money, Zhang Yida's Ruixiang shares are currently worth 50 billion US dollars.Merge into Leech Financial Services, if you choose half of the shares and half of the cash.

Taking Leech Financial’s current valuation of US$450 billion as an example, it will acquire Ruixiang for US$80 billion, US$40 billion in cash + US$40 billion in stocks.

Zhang Yida can get almost US$20 billion + 3.8% stake in Leech Financial Services.

In the future, Leech Financial Services will carry out three or four rounds of financing, and the shares may be diluted to only about 2%. Based on the future valuation of US$1500 billion, Zhang Yida will be able to obtain a return of US$30 billion.

$20 billion in cash + $30 billion in future stock = $50 billion.

It seems to be about the same value as Ruixiang's current holdings of Zhang Yida.But the meaning is different.

One is the valuation, and the other is the cash available immediately and the equity that will not worry about transfer and realization in the future.

If you start your own business, you may not be able to succeed, and there are certain risks.

(End of this chapter)