Winning the new financial era

Chapter 116 Series C Financing Conference
"Penguin has invested 20 billion U.S. dollars in Ruixiang, accounting for 20% of the shares. The valuation of Ruixiang has reached 100 billion U.S. dollars!"

Pang Lei walked into Jack Ma Lianwu's elegant room to report.

Jack Ma was wearing a white exercise suit, and was slowly gesticulating Tai Chi. There was an incense burner beside him and a piece of sandalwood that made people feel calm.

As if Jack Ma didn't hear it, he finished punching slowly, took the towel handed over by Pang Lei, wiped the sweat from his forehead first, and then said:

"Since we have been rejected, there is nothing to say. Let's show the chariots and horses, let's compete!"

Then he sighed and said with emotion:
"If you don't pay attention, the baby elephant will grow into an elephant!"

"Hehe, what's wrong with the elephant, sooner or later the ants will trample the elephant to death and break off his tusks!"

Pang Lei’s analogy is very vivid. The logo of their Leech Gold Clothes is a cartoon ant, and the logo of Ruixiang is a cartoon elephant.

"You! Don't underestimate the enemy. I'm quite interested in that kid Zhang Yida. He's a talent! It's a pity that I can't use it."

Jack Ma sighed, Pang Lei was also instructed by him to acquire Ruixiang, but it failed.

"Sharp still has a lot of shortcomings. The four major licenses of banking, securities, insurance, and funds, they only have a fund license, and they are only the second shareholder. Our online merchant bank will soon be approved. The gap will only widen .”

Pang Lei is still very confident, as many ants can kill an elephant, as many license plates can kill Rui Xiang.

"A private bank does not have as many advantages as you think, our focus is still on mobile payment.

Alipay is our basic business, and we cannot lose our market share. "

Jack Ma is still very rational and analyzes the problem very objectively.

Pang Lei nodded and said:
"President Ma, don't worry, mobile payment is our top priority, and I will not take it lightly."

"Is the fund reserve sufficient? We must start financing next year." Jack Ma said again.

"There are still more than 60 billion in liquidity, do I need to start financing?" Pang Lei thinks that the funds are still abundant, and financing is not so necessary for the time being!

Jack Ma waved his hand and said, "Ruixiang raised 20 billion US dollars, more than 120 billion RMB, from Penguin, which is obviously to fight the mobile payment subsidy war with us.

More than 60 billion will be used in the middle of the year at most, and we must start the A round of financing in the middle of next year.

The Social Security Fund and the China Development Bank are about to start contacting, and they will be pulled into the car in the first round. "

Pang Lei said: "Do I have to find a state-owned enterprise to invest?"

"Hey, you're thinking too simply. We were under a lot of pressure when we were Alipay.

There is also Yu'e Bao, banks and funds want to kill me with a knife.

You can't play without them!This is the national condition.

A community of interests must be formed. In the future, I plan to accept investment from some national sovereign funds and pension funds...

The more countries you join, the better!
Of course, the domestic ones let them come in the first round!Earn more, and the leaders will be able to explain it to them.

Foreign funds should be placed in the second and third rounds!In particular, we have to enter Southeast Asia and other parts of the world, and we must establish a good relationship with the local government..."

Jack Ma Xu explained the development strategy to Pang Lei.

……

Diaoyutai State Guesthouse.

Sharp's C-round financing conference was held here.

In addition to inviting a large number of media, Zhang Yida also invited executives from other industries under his banner, Ding Siyao and Fan Hongyang from Yimin Financial Services, Lu Fenghai from Patenet, Dogford Gubin, Huang Xiaofeng from Huimin Bicycle, and Lei from Huayi Capital. Dongming et al.

In addition, partners Wang Xiaojie and Hu Gang from Hantai Group, the three small giants of TMD, and Rui have invited other small and medium-sized partner companies.

Members of the Beijing University Young Entrepreneurs Association also came to join in, Yiyin Loan Tang Lin, Everyone Trusts Yang Yihu, Tiaogouwang Xu Dan, Honey Baby Liu Lan...

Even Zhang Yida didn't expect so many people to come this time.

He guessed that Ruixiang’s huge financing was too shocking. There are currently no more than 10 Internet/technology companies with a valuation/market value of tens of billions of dollars in China, and Ruixiang has already entered the first echelon.

The meeting process was relatively simple. First, Zhang Yida delivered a keynote speech on stage, announcing some of Ruixiang's next strategies.

Then Liu Zhiping made a speech, explaining how Penguin is optimistic about Ruixiang, and praised Ruixiang fiercely.

This was followed by a Q&A session with reporters.

36 Krypton reporter asked:
"Mr. Zhang, if Ruixiang has obtained Penguin's US$20 billion Series C financing, will the post-investment valuation reach US$100 billion?"

Zhang Yida replied: "Yes, it has reached 100 billion U.S. dollars."

A reporter from Huxiu.com asked:
"May I ask Mr. Zhang, where will the use of Ruixiang's huge financing be concentrated?"

Zhang Yida replied:
"It is mainly used in three parts. The first part is to continue to increase the research and development of cutting-edge technologies; the second part is used for subsidiary capital increase, foreign mergers and acquisitions, and investment; the third part is to develop the mobile payment market for users."

Entrepreneurship reporter asked:
"In just over a year, Ruixiang has completed a breakthrough from a start-up to a valuation of tens of billions of dollars. Does Mr. Zhang have any secrets to pass on to young entrepreneurs today?"

Zhang Yida replied:
"There is only one secret, persistence! The development process of Ruixiang has not been smooth sailing, and it has overcome many difficulties to get to where it is today. In the future, there will be more hurdles to test Ruixiang!"

A reporter from Zhongguancun Online asked:
"In terms of valuation, Ruixiang has become one of the top 10 Internet companies in China. Is there any plan to go public?"

Zhang Yida replied:
"Ruixiang is still in the growth stage, and it is far from successful. It is not urgent to go public, and more layouts need to be improved."

A reporter from IT House asked:
"Ruixiang competes with Leech Financial Services in many fields. May I ask Mr. Zhang how he views Leech Financial Services and the competition between you?"

Zhang Yida replied:
"Leech Financial Services is an excellent financial technology company, and the competitive relationship between Ruixiang and them is benign. Mutual encouragement and mutual improvement, competition will help promote the progress of the industry."

Seeing Zhang Yida talking eloquently on the stage, Hu Gang moved closer to Wang Xiaojie and said quietly:
"Ruixiang's strength has improved so fast, Hantai Group can't keep up with the pace!"

Wang Xiaojie's eyes flashed, and he lowered his voice and said:
"Old Hu...what do you mean?"

"Ruixiang has such a deep layout, ask them if they are interested in Hanzhou Securities?" Hu Gang glanced at Zhang Yida on the stage, and then said this to his partners.

Wang Xiaojie pondered for a moment, then smiled and said:
"It would be best to take a ride with them and increase the scale of asset management.

Handing urgently needs a wave of good news to boost the stock price! "

Hu Gang looked at Wang Xiaojie with a half-smile, and nodded slightly.

Ding Siyao stared intently at Zhang Yida on the stage, looking so heroic, he couldn't help but be infatuated for a while.Fan Hongyang who was sitting next to her spoke up and said:

"Ruixiang's growth rate is too scary! Siyao, do you think Zhang is always the most expensive post-95 generation in China?"

When Ding Siyao heard Fan Hongyang calling him, he came back to his senses and replied casually:
"Maybe! It is said that Mr. Zhang still has more than 40% of the shares in it, which is more than 40 billion US dollars!"

Fan Hongyang also said with emotion:
"That's right! Yimin Financial Services still has such a big business, as well as such industries as Patenet, Huayi Capital, and Huimin Bicycle.

I don't know if there is any chance to surpass Jack Ma in the future? "

"The Forbes 2014 list was only released, and Jack Ma took the crown of the richest man with a net worth of US$195 billion.

If you want to surpass him, at least Rui Xiang must be valued at over [-] billion U.S. dollars..."

Ding Siyao is no longer that rural girl who just graduated, and she answers questions well.

"Mr. Zhang is still young, everything is possible!"

Fan Hongyang replied, the higher Zhang Yida's achievements, how proud they are as partners!
Thinking that Huimin Financial Management, which he is in charge of, will be launched next year, Fan Hongyang's heart is full of enthusiasm.

Yang Yihu said to Tang Lin who was sitting beside him:
"Brother Tang, Yiyindai will be listed soon, right?"

Tang Lin shook his head again and again: "It's still early!" He asked back:
"Everyone of you raised 1.3 million US dollars last year if you believed in it. Why is there no movement this year?"

Yang Yihu adjusted the glasses on his nose and said:

"Development is too slow! I also want to raise a round of 20 billion US dollars like Zhang Yida, how cool it is!"

Tang Lin laughed dumbfounded, and said:

"That's too difficult! We are P2P, a small branch of Internet finance. Brother Zhang is aiming at the entire track of Internet finance!
In the traditional financial field, funds and insurance are also covered.The next step is probably banking and securities! "

Yang Yihu nodded, deeply convinced.This junior brother Zhang, in the financial field, is really swallowing thousands of miles like a tiger!
"Leech Golden Clothes are hard to deal with!" Yang Yihu said again.

Tang Lin laughed and said, "What can I do? If you want to become the new king, you have to step on the old king's corpse to ascend to the throne!"

Then he pursed his lips and said:

"Leech Gold Clothes is backed by Ari, and the accumulation is too deep. Ruixiang wants to win this battle, and the danger is extremely dangerous!"

Yang Yihu glanced at him and said:

"Aren't you optimistic about Ruixiang?"

"It's not that I'm not optimistic! If it's true about the foundation, Ruixiang's foundation is still a little shallow."

Tang Lin felt that what he said was still very objective. How could a giant be so easy to challenge.

"It's not a challenge, but at worst it's a dog!" Yang Yihu said again.

"Not necessarily, if Ruixiang Mobile Payment fails to compete, the current valuation will be his ceiling.

Without mobile payment, it is just a mediocre Internet finance company with a larger volume. "

Tang Lin has been working on Wall Street for several years, and has been back to China to found Yiyin Group for nearly 10 years. He has rich knowledge and a deep understanding of problems.

"Then you and I are considered mediocre Internet finance companies?" Yang Yihu joked.

"This is also a fact! BATJ is establishing an Internet finance business group or splitting up to form a separate company.

With a huge user base and traffic, it is naturally higher than us grassroots.

Rui Xiang has a chance to grow from a grassroots to a giant, it depends on how to grasp it! "

Tang Lin is very envious of Ruixiang. Although Yiyin Group was established in 06, it is far inferior to Ruixiang in terms of seizing opportunities. It can only become one of the mediocre mutual financial companies in his own mouth.

Sharp's C-round financing conference has come to a successful conclusion!
Taking this opportunity, Zhang Yida also gained a lot of limelight, gained a wave of popularity, and brought Ruixiang's brand to a higher level.

At the same time, it also boosted the morale of subordinates, boosted the confidence of partners, and won the appreciation of many friends and investors.

(End of this chapter)