Winning the new financial era

Chapter 132 What a big cake
Baimo Bicycle and Paipaidai held a grand strategic cooperation signing ceremony in Shanghai.

Fu Weiwei announced at the meeting that in the next three years, Paipaodai will become the exclusive financial partner of Bicycle.Baimo joins hands with Pashoudai to provide users with the most convenient and high-quality financial services...

Zhang Jun, CEO of Clap Loan, said:
"Paishoudai is the earliest P2P company in China. It was established in 2007. So far, it has received a total of three rounds of nearly [-] million US dollars in total financing...

Choosing to cooperate with Baimo is to spread the light of inclusive finance to the land of China...

Next, Paipaodai and Baimo will focus on financial investment, consumer credit, and big data for credit investigation...

Let finance be at your fingertips, and credit will change China! "

When the news reached the capital, Zhang Yida just laughed it off and put the matter aside.

Fu Weiwei's imitation was indeed not slow, but the gap between Baimo and Huimin Bicycle was widening.

Baimo has only raised $3000 million, while Huimin has raised $1.75 million.

Baimo currently operates a total of 7 bicycles, which are distributed in the four first-tier cities of Beijing, Shanghai and Pengyang.

Huimin's second batch of 60 bicycles has successfully rolled off the production line and has begun to be shipped to all parts of the country.

Including the previous 12 bicycles, Huimin now operates a total of 72 bicycles, distributed in 46 first- and second-tier cities including Beijing, Shanghai and Pengyang.

As for Xiaolan Bicycle, Xiaoming Bicycle, and more than a dozen newly established bike-sharing companies recently, let alone compare with Huimin, just take Bimo as an example, they can easily crush them.

The second and third echelon shared bicycle companies such as Xiaolan Bicycle and Xiaoming Bicycle are also not idle.

Seeing that Huimin and Baimo in the first echelon have started to launch or prepare financial products, they also approached financial companies to discuss cooperation.

However, because they are too small, they do not have the right to discuss cooperation with leading P2P companies, so they cannot get too favorable conditions.

As a result, some bike-sharing companies turned their ideas to second- and third-tier P2P companies...

The two parties hit it off immediately. Second- and third-tier P2P companies lack customers and funds, and second- and third-tier bike-sharing companies also want to get higher cooperation commissions.

In this way, each bike-sharing company has found an Internet finance company to become its financial partner, forming a weak alliance.

Within a few days, the bike-sharing companies on the market were basically wiped out by Internet finance companies.

……

"Yimin Wealth Management + Yimin Puhui will be reorganized into Yimin Wangjin Group, and at the same time start the B round of financing, which is also the last round of financing before listing, that is, the Pre-IPO round of financing.

The cumulative turnover of Yimin Wangjin Group has exceeded 200 billion, and the balance to be collected exceeds 50 billion.

In terms of data volume, in China, except for Lufax, we have surpassed any other P2P companies.

Behind Lufax is Anping Insurance, and other businesses besides P2P, such as asset management, wealth management, funds, insurance, bonds, and a lot of other things.

Simply taking out the P2P business, Yimin Wangjin Group may not be weaker than them.

Yimin Wangjin Group intends to raise US$1 million this time. Except for a part of the funds invested in the construction of offline loan stores, the rest of the funds will be used to acquire customers online.

Yimin Wangjin Group is expected to be listed in the second half of this year. Our goal is to achieve a turnover of 300 billion and a balance to be collected of 100 billion before listing. "

In the meeting room of Yimin Group, Zhang Yida shared his future corporate vision with a group of investors.

"In just one and a half years, Yimin Wangjin Group has achieved such remarkable achievements. Mr. Zhang is indeed a hero of the younger generation!"

A middle-aged man wearing gold-rimmed glasses said so. He is the vice president of Goldman Sachs Asia in a suit and leather shoes. He was invited by Yimin Group today to discuss financing matters.

"Goldman Sachs is very interested in participating in the B-round financing of Yimin Wangjin. In the future, Yimin Wangjin will be listed in the United States, and Goldman Sachs can also contribute.

I just don’t know what is the valuation of Yimin Wangjin? "

Zhang Changqing was afraid that Zhang Yida would open his mouth, and specifically emphasized that Goldman Sachs could provide some assistance in the listing of Yimin Wangjin.

"Valuation! Mr. Cheng and I hit it off right away, let's discount it! 20 billion US dollars will be fine."

Zhang Yida smiled sincerely, looking at Chang Changqing with a sincere look.

Chang Changqing swallowed his saliva, looked at Zhang Yida with a smile, and said:

"Boss Zhang is not joking!
$20 billion!So overrated!Yimin Wangjin Group has internally estimated that US$10 billion is a relatively reasonable price.

As far as I know, Yimin Wangjin Group has only received a round of financing of 5000 million US dollars invested by Heishan Capital and Zhenke Fund!

At that time, the valuation was only 5 million US dollars!And it is the valuation of the parent group of Yimin Holdings!
Including Yimin Wealth, Yimindai, Ruimin Wealth Management, and Huinongdai, the combined valuation is about US$20 billion.

Yimin Wangjin is just a subgroup spun off from Yimin Holdings, with a valuation of almost US$10 billion.

What do you say?boss Zhang. "

Zhang Yida smiled and said:
"Lending Club was officially listed in the United States last month, with an issue price of US$15, and the closing price on the first day reached US$23.43, a 56.20% increase from the issue price.

What is the market value?
85 billion dollars!
What is the total turnover of Lending Club?As of the end of last month, it was $70 billion.

What is the transaction scale of Yimin Wangjin?
32.6 billion dollars!
Based on this, the valuation of Yimin Wangjin should be US$40 billion, which is the most reasonable valuation range.

However, considering the friendship between Yimin Wangjin and Goldman Sachs, and the subsequent cooperation between the two parties in the underwriting and listing, I gave Goldman Sachs a 5% discount.

The price of 20 billion US dollars is not high at all, it is purely a friendly price. "

Chang Changqing shook his head again and again, and said excitedly:
"Lending Club, have you noticed its price-earnings ratio?
1272 times!The foam is too big.

Those people on Wall Street are crazy. I'm sure that after the shareholder lock-up period of this stock has passed, many shareholders will definitely take the opportunity to reduce their holdings at a high level.

Then with a bang, the stock price will definitely collapse. "

Speaking of this, Zhang Changqing felt that his tone was too aggressive, so he calmed down and said to Zhang Yida as calmly as possible:
"Mr. Zhang, you need to know. Lending Club is a native American company and the largest P2P lending company in the world.

So it enjoys too much premium!

Yimin Wangjin is a Chinese company whose scale is not comparable to that of LC, and its listing is also behind it, so it cannot enjoy such a high premium.

So we have to rationally analyze the valuation of Yimin Wangjin! "

Zhang Yida didn't agree with his words, and said:

"Online finance is the trend of the future! The rise of P2P is unstoppable.

Ari established Wangjinshe and Ant Wealth, Qiandu became a shareholder of Yiyindai, Anping Insurance established Lufax, China Open Bank established Kaixindai...

So many giants and even countries are deploying this field, which means they have seen the future trend.

Taking a step back, LC was valued at US$40 billion before listing!

Yimin.com's gold volume is almost half of his, and the valuation of 20 billion US dollars is definitely not overestimated. "

Changchangqing naturally knows that P2P is the future direction of development!Otherwise, who would travel all the way to your company to talk to you about investing in shares?
20 billion US dollars is indeed a bit beyond his psychological bottom line, he bowed his head and remained silent.

Seeing this, Zhang Yida added fuel to the fire, saying:

"LC's overdue rate is 1.27%, and Yimin Wangjin's is 0.8%. Compared with our asset quality, we are more stable."

Chang Changqing is also a knowledgeable person, and said with a smile:

"Mr. Zhang, everyone is a sensible person, so it's meaningless if you say that.

It can be written in the prospectus, but it is better to be honest with the partners.

Isn't advance payment popular in the industry?If it is overdue, the company will pay in advance, and the company is responsible for recovering overdue creditor's rights.

Bad debts are also bought out by P2P companies and covered from profits.

Not to mention 0.8% overdue rate, I believe even 0% overdue rate can be achieved. "

Zhang Yida was slightly startled, he did his homework in advance!Understand so clearly.

However, there was still a smile on his face, and he continued:
"U.S. $20 billion is definitely not a loss. You must know that Yimin Wangjin has only been in operation for a year and a half, and it has been able to achieve the current scale because it has stepped on the wind.

A big man once said that pigs can fly when standing on the wind.

I think I'm better than a pig!
益民网金今年单年成交规模是100多个亿，15年我预计是250-300亿，16年预计是500-600亿，17年预计是800-1000亿。

In the next three years, the total turnover is likely to reach 1500-2000 billion.

You can also see that the current industry is booming. New P2P companies are established every day, and one or two thousand new companies are added every year.

As the leader of P2P in China, Yimin Wangjin can also maximize the benefits of this wave of development.

It is not too far away for Yimin Wangjin to have a market value of tens of billions of dollars in the future.

Mr. Cheng, think about it carefully! "

Zhang Changqing was deeply attracted by the career blueprint drawn by Zhang Yida.He was also thinking in his heart that Yimin Wangjin has only been established for more than a year, and the transaction scale has reached 200 billion.

In another three or four years, the scale will be 10 times larger, and it is very possible to reach 2000 billion.

Even if the valuation is not magnified by 10 times, magnifying by 5 times is still a good high-return project.

After figuring this out, he no longer hesitated, thinking in his heart that he must promote this project to complete the investment.

If he earns 5 times the return, this is also his performance in office!It will be very helpful for his subsequent promotion and salary increase.

"Mr. Zhang, after talking with you today, I realized that you have great ambitions!

I finally understand why you are so successful at such a young age.

That is dare to think, dare to do, dare to be! "

Zhang Changqing was indeed deeply attracted by the cakes painted by Zhang Yida. P2P entrepreneurship is in full swing at this time, and the industry is full of fire and flowers.

Does anyone know what's going to happen in the next few years?

Whether to continue to rise all the way, or to take a sharp turn.

Only Zhang Yida knows, but he must pretend not to know!

(End of this chapter)