Winning the new financial era

Chapter 596 Provoking Discord
After discussing with a group of shareholders, Zhang Yida directly called Singer and gave him instructions.

"Mr. Singh, after the discussion of the board of directors, we agree to your loan to buy 20% of BBPay's shares. But I still have to talk about some ugly things."

Singer couldn't hold back his joy, and raised his hand to signal, "If you have anything to say, you can just say it, Mr. Zhang."

Mr. Zhang looked at Singh, who was dancing with joy, and said: "The 20% shares are priced at US$14 billion, but before the loan is repaid, these shares must be pledged to our original shareholders.

If in the course of the company's operation, there are problems such as a decline in valuation, a major mistake in the strategic direction, or harm to the interests of shareholders, etc.

We have the right to terminate the agreement in advance and require you to repay the loan and interest of 14 billion US dollars, or take back the 20% of the shares. "

Singer calmed down a little, and knew that such a large amount of equity is not so easy to get.

"Early termination of agreement~"

Singer pondered, "I have to look at the specific content of the agreement before I can give an answer."

"It's natural."

Zhang Yida will not deliberately engage in any "contract trap". After all, after Singer becomes a shareholder, everyone is in a relationship where everyone prospers and everyone loses.

However, Singh didn't have any brains and agreed directly, which still showed the shrewdness of the Indian elite.

India has a population of 13 billion anyway, not all of them are stupid, there are also smart people.

The contract is still being drafted and needs to include all aspects and comply with local company management regulations in India.

Zhang Yida didn't stay in BBPay company all the time, and wandered around Ola, Zomato, Byju's and other companies he invested in.

These companies were all established around 2010, which is about the same time as the birth of China's mobile Internet giants.

It's just that the size is still far away. Byju's is equivalent to India's good future, with a valuation of over US$40 billion, and Penguin has participated in the investment.

Ola is the Indian version of Didi, with a valuation of nearly 50 billion US dollars. Penguin, Softbank, and Flipkart, an Indian e-commerce platform owned by Walmart, all participated in the investment.

Zomato is the Indian version of Magnesium Group, with a valuation of over US$20 billion. Ahri is the largest shareholder, and SoftBank also participated in the investment.

The same is true of the other unicorns invested by Ruixiang. In addition to Ahri, Penguin, and Softbank, there are also some venture capital funds from China participating in the investment.

Zhang Yida is relatively restrained. In addition to the early investment, he followed up with one or two rounds of follow-up investment as appropriate, and kept his shareholding ratio of 5%-20% without increasing it.

Softbank and Ali are more aggressive, vowing to occupy all the tracks of e-commerce, mobile payment, and local life.

In this regard, Ruixiang's investment style is somewhat similar to that of Penguin, and the desire for control is not so strong.

Ahri's domineering style naturally caused dissatisfaction among some Indian start-up companies. For example, Zomato's founder, Panka Chadha, wanted Zhang Yida to make an additional investment in order to check and balance the major shareholder Leech Financial Services.

Panka has dark skin and a big beard. He said calmly: "Mr. Zhang, BBPay has always been our strategic partner.

Now that Leech Financial has invested in us, it has always wanted to take BBPay off the shelves and only keep Paytm as a payment option for users.

I think this is very inconvenient for users, and it will hurt the friendship between me and Mr. Zhang very much.

I justly rejected the investment representative of Leech Financial Services, but I also offended Leech Financial Services because of this.

I hope that Ruixiang Group can give us another investment, so as to weaken Leech Financial's shareholding in the company, and at the same time ensure that our cooperation with BBPay is more stable. "

Zhang Yida couldn't tell the truth from the falsehood for a moment, Ahri wouldn't be so dishonest, right?
Unlike Southeast Asia, India has had minor frictions with China from time to time since the Doklam confrontation the year before last.

Zhang Yida has always been cautious about investing in India.

The most important thing is that Ah San's economy is not good. Internet companies have burned money, whether they can make money back like Chinese companies, and how long it will take. He has some doubts about these issues.

The company's valuation is looking to rise, but like many Chinese unicorns, it is a bubble.

At present, the e-commerce track is basically dead, and mobile payment is still No. 2 in the Indian market. Some investment in local life is to find partners for BBPay and expand the scene.

Zhang Yida also wants to keep occupying these local life companies, but the taxi and food delivery industries are too expensive, and since he is not from his own country, investment safety is a problem.

He finally pinched his nose and let Penguin and Ahri enter the arena.

Penguin did not promote mobile payment in India, but put its hope on the instant messaging software Hike, which is also a unicorn and has Penguin's investment.

Zhang Yida conjectured that he might want to replicate the attack on Pearl Harbor with red envelopes paid by WeChat, and smooth out the [-]-year effort of Leech Financial Services in a week.

But just think about it, WhatsApp is the largest instant messaging software in India, with more than 3 million monthly active users in India, Xiao Mazi is ambitious to integrate a mobile payment service on WhatsApp.

This is also a good way of teaching WeChat, and Xiao Mazi also saw the business opportunities in it.

However, the Indian government has not allowed WhatsApp to launch mobile payment, and it is estimated that it is afraid of monopolizing the market all at once.

Most of Penguin's investments in India are financial investments, and it only holds a small amount of shares in the company, and it does not pay attention to the business synergy of its invested companies.

In China, because of WeChat, it can be used as an open traffic portal.

In India, Penguin can only look at Paytm and BBPay, which are number one or two in the market, with greedy eyes, because they lack a flagship product, and their investment can only be sporadic.

Therefore, there are still some conflicts between Ruixiang and Leech Financial Services, mainly reflected in the Indian mobile payment market.

Focusing on the usage scenarios of mobile payment, Ari, Leech Financial, Sharp, and Softbank have invested in a series of unicorn companies.

Many of them were jointly invested by Ruixiang and Leech Financial Services.

But everyone has been living in peace, and Leech Financial Services has not picked any troubles. All taxi-hailing software and food delivery software support Paytm and BBPay.

Although Zhang Yida has never communicated with Jack Ma, the Indian Internet market is very different from the Southeast Asian market.

There are local giants such as Reliance Group and Tata Group, and American giants such as Amazon, Google, Facebook, and Wal-Mart are also watching.

The Chinese consortium fights among themselves, and it will only let others take advantage of it.

Therefore, Ruixiang and Ari have a tacit understanding, and there is no confrontation.

Thinking of this, Zhang Yida became a little vigilant, he might not believe what this Ah San said.

"Panka, I thought about it, Ruixiang's shareholding in Zomato is already high enough, and with the addition of Ari, the Chinese capital will soon exceed 50%.

In view of some political considerations, it is not suitable for Ruixiang to increase its holdings, but I can recommend Mr. Sun Zhengyi to invest in you. "

Zhang Yida decided to use Masayoshi Son as a shield, given that Softbank has shares in both Paytm and BBPay.

Even if the Ari family really wants to make trouble, Sun Zhengyi doesn't want to see the two companies fighting each other to harm his own interests.

Panka is also aware of the relationship between Ahri, Softbank, and Ruixiang, and knows that this is another mess.

"Softbank, they already invested in a round last year, and I don't know if they are willing to continue investing."

Zhang Yida nodded and smiled, "I'm definitely willing to. You know that China's magnesium group has a market value of tens of billions of dollars, and Zomato's valuation of 20 billion dollars is so low."

Panka smiled mischievously, seeing that Zhang Yida had no intention of increasing his shareholding, so he didn't continue this topic.

Seeing this, Zhang Yida became more and more sure of the guess in his heart, that this kid just wanted to sow discord.

(End of this chapter)