Zhang Yida's VAM undoubtedly scratched the itch of the heads of the major banks and insurance investment departments, and after they returned to their respective companies, they quickly held a meeting to finalize the investment matters.

In the end, China Development Bank led the investment of US$1.25 billion, followed by the four major banks and CPIC Insurance with a total investment of US$250 million, and completed a total of US$2.5 billion in Series D financing for Ruixiang.

After the completion of this round of financing, Ruixiang's valuation increased to $27.5 billion.

Ruixiang Group's shares were changed to:

Zhang Yida: 38.18%

Lin Zhenyang: 4.25%

Ruixiang Enterprise Management (Option Pool): 4.85%

Penguins: 18.18%

Blackshirt Capital: 13.64%

Temasek: 6.97%

Zhenke Fund: 1.21%

SBI：1.21%

GGV：1.21%

Qiming Venture Partners: 1.21%

China Development Bank: 4.55%

BOC Capital: 0.91%

ABC Investment: 0.91%

ICBC Capital: 0.91%

CCB International: 0.91%

CPIC: 0.91%

After four rounds of financing by ABCD, although Zhang Yida does not hold many Ruixiang shares, he is still the largest shareholder, holding 79.23% of the voting rights.

Lin Zhenyang still has 8.82% of the voting rights in his hands, and including Zhang Yida, the management holds a total of 88.05% of the voting rights.

The release of so many shares has also been exchanged for the most urgently needed funds for the development of the enterprise, and at the same time a huge network of relationships has been weaved.

There are Wall Street giants, domestic Internet giants, Singapore's sovereign wealth fund, and the four major domestic banks......

Ruixiang's foundation has basically been laid, and Zhang Yida can also focus all his attention on business, without worrying about some "small people" and "reaching out to the party" to make small moves behind the scenes.

In addition, the seats on the board of directors of Ruixiang Group have been expanded again.

Penguin holds three board seats, Black Shirt Capital has two, Temasek has one, China Development Bank has one, and the Big Four plus CPIC also has one board seat.

Outside shareholders hold a total of 8 board seats, Zhang Yida has increased the number of board seats to 17, and management has another 9 seats.

In board meetings, management still has the strongest voice.

After the first installment of the D round of financing of 500 million US dollars arrived in Ruixiang's account, Zhang Yida allocated all the funds to Lanlan and asked her to initiate the establishment of the third phase of Ruixiang Industrial Fund.

South Korea and several Internet companies in India, after a series of negotiations with Lanlan, the intention has been reached, and they are waiting for payment.

Lan Lan urged Zhang Yida several times, and Zhang Yida also knew that he couldn't delay it any longer, and the opportunity to buy shares would be delayed if he delayed it any longer.

After Lan Lan got the money, he flew to South Korea with the investment team.

First, they approached Blue Hole Studios, acquired the other party for $250 million, and demanded that the management of the other party must stay in office for three years, and at the same time let them develop a tactical competitive shooter game called "PlayerUnknown's Battlegrounds".

The $250 million was not paid by Rui Xiang Industrial Investment Fund, but was loaned by Zhang Yida in his personal name to ICBC by pledging a part of Yimin Wangjin's shares.

Lan Lan is equivalent to helping Zhang Yida do a private job, but she has no complaints, the big boss begged each other, so she naturally wanted to help him complete it.

Lan Lan also sent an email to the Irishman Brandon Green according to the clues provided by Zhang Yida, inviting the other party to come to South Korea as the chief game designer, and said that he was willing to provide the other party with all the resources he wanted.

Born into a military family, Brandon Green grew up in the barracks and loved shooting games as a child.

When he was young, he worked as a painter and photographer. In middle age, he fell in love with a Brazilian woman and traveled to Brazil to pursue him, but the relationship broke down only the following year, and Green, who was frustrated in love, began to focus on the game.

At that time, he had been working on a shooter game - the Day-Z battle royale mod for Armed Assault 2, and later he began to improve the mod for Armed Assault 3 based on some shortcomings he found in the game, and began to receive attention and recognition from the industry one after another.

And was valued by H1Z1, which was popular at the time, and began to really embark on the road of professional games.

At that time, H1Z1 created a game project for Green called "H1Z1 King of kill", but it didn't take long for Green to realize that the game was not what he wanted, so he returned to work on his mod for Armed Assault 3.

Brandon Green is in his thirties and spends his days at home developing games.

The marriage also failed, and his parents were very worried about him.

When Brandon Green received an offer from Blue Hole Studios, he didn't hesitate to embark on a journey to South Korea.

He knew that this was a rare opportunity, as long as the other party was willing to provide all the game resources he needed, in return, he must stay and make a hot shooter that shocked the world.

The South Korean version of the magnesium group, Woowa Brothers, Ruixiang Industrial Investment Fund, invested $45 million in each other, taking a 7.5% stake.

Viva Republica, South Korea's largest P2P company, invested $50 million in the other party on behalf of Ruixiang Industrial Investment Fund, taking a 25% stake.

And together with each other, a joint venture mobile payment company was established in South Korea-Toss, and Ruixiang injected another $10 million and held 51% of the shares.

In addition, Ruixiang will also transfer a team from Mobao Pay to Toss to bring China's advanced mobile payment technology to South Korea.

Then, Lan Lan moved to India.

Before going, Zhang Yida told her: When girls go to India, they must protect themselves.

After arriving in India, Lan Lan hired a security team and has been operating in the bustling centers of various cities, even if he is killed, he will not go to the slums.

There's no way, Ah San is too good to write, and he can be called the teddy among people.

ShopClues, India's fourth-largest e-commerce company, also offered Lanlan $1.1 billion at a time when its market share was being eroded by the top three local giants.

After Lan Lan reported to Zhang Yida, he was directly given up by Zhang Yida.

He remembers that in his previous life, ShopClues had been on a downward spiral and had sold itself for less than $100 million in '19.

Zhang Yida felt that he couldn't be the boss of this wrong, and he didn't come to India to do charity, but to make money.

Even if you want to buy the other party, you have to postpone it for another two years. When the fight has developed, and the other party has declined, it is the most suitable time to make a move.

The Indian version of "Didi" Ola invested $100 million in the Industrial Investment Fund and won a 6.67% stake.

Zomato, the Indian version of "Dianping", invested $50 million in it and won a 16.67% stake.

Byju's, India's version of "Good Future", has a pre-investment valuation of only $150 million, and the room for appreciation is very large. Zhang Yida asked Lan Lan to invest $50 million in him and won a 25% stake.

Mobikwik, which is a start-up mobile payment company in India. Rui invested US$100 million in the industrial investment fund and acquired all the shares of the other party.

At the same time, Mobao Pay will send employees to India to receive the company and create an Indian version of "Mobao Pay".

PolicyBazaar, India's version of "Ping An Good Doctor", Ruixiang invested $40 million and won a 9.1% stake in the other party.

Delhivery, India's version of "Shunfeng Express", invested $50 million and acquired a 12.5% stake in the company.

At OYO Hotels, Lanlan personally invested $100 million in its Series B financing on behalf of Zhang Yida and obtained a 10% stake in it.

Through the conversation with Lan Lan, the founder of the company, Lee Tae-hee, knew that the founder of Ruixiang was still the same age as himself.

So he was very interested in Zhang Yida and said that he would come to China to visit Zhang Yida.

Lan Lan relayed the news, and Zhang Yida guessed that this Lee Tae-hee was probably playing the Chinese hotel market.

After Lee Tae-hee brought the OYO hotel model to China, it was also quite successful.

OYO China spun off from its head office in India and raised more than $900 million.

If he wants to use Zhang Yida's connections to open the Chinese market, Zhang Yida will not refuse, but he will ask the other party to pay a little price for shares.

Lanlan went around South Korea and India, invested, merged, and established 11 companies, 4 in South Korea and 7 in India.

A total of $845 million was spent, and $495 million was invested in the industrial investment fund, which was almost the $500 million allocated by Zhang Yida.

The $250 million for the acquisition of Blue Hole Studios and the $100 million investment in OYO Hotels were contributed by Zhang Yida in his own name.

Zhang Yida's stake in Yimin Wangjin is worth more than $2.8 billion, and he easily obtained a loan of $500 million from ICBC on equity pledge.

Because the stock has not reached the lifting period, it is impossible to cash out. Even if the ban period is lifted, it is not easy for major shareholders to cash out large sums of money.

Therefore, to improve life and make investment, the major shareholders of listed companies generally pledge their shares.

......

"Mr. Arola, Yahoo RB is RB's largest search engine and portal.

Ruixiang has leading mobile payment technology and promotion experience.

The two of us have set up a joint venture e-wallet, which can definitely occupy a place in RB. ”

Zhang Yida received Niksh Arora, chairman of Yahoo RB, and his entourage executives from RB in the Ruixiang office.

Yahoo RB is a joint venture between Japan and the United States, which is controlled by RB Son's SoftBank Corporation. Yahoo owns 34% of its shares, 15% of its capital comes from the stock market, and Son owns 51%.

Masayoshi Son has stepped down as chairman of Yahoo RB and has been replaced by Niksh Arola.

Alola, an Indian who served as Google's vice president in Europe, was poached by Son in 14 years to SoftBank.

Masayoshi Son values this one very much, and plans to train him to become a successor.

"Mr. Zhang, our trip to China is to inspect your country's mobile payment.

We can agree to set up an e-wallet company together, but the controlling stake must be held by Yahoo RB. ”

Alora also put forward his own conditions, and he followed Son's instructions to come to China for an investigation.

At present, the most vigorous development of mobile payment in the world is China, and he also believes that it is very meaningful to study and study.

It stands to reason that SoftBank is the largest shareholder of Ahri, and it should give priority to investigating Leech Financial.

But because of Jack Ma's manipulation, Ahri has never been the major shareholder of Leech Financial, but only enjoys 37.5% of the latter's dividend interests.

The matter of shares, although Jackma has always promised to Ahri to implement well.

But it has been delayed for so many years, and it has not been implemented.

Son Masayoshi was going to give Lao Ma some eye medicine, so he asked Alola to Rui Xiang to investigate.

Zhang Yida's visit to Alola was also quite surprised at first. But I soon guessed that it should be Son Masayoshi who was dissatisfied with Lao Ma.

RB market, Zhang Yida originally planned to give up. But with door-to-door cooperation, of course, there is no reason to refuse.

When Chinese tourists travel to RB, it is quite inconvenient to buy a toilet or something, and there is no mobile payment.

So Zhang Yida nodded and said: "It can be controlled by your company, but Ruixiang has a condition, which is to cooperate with this joint venture e-wallet to jointly promote cross-border payment business." ”

Generally speaking, cross-border payment means that when Chinese consumers buy foreign merchant products online or foreign consumers buy Chinese merchant products, due to the different currencies, it is necessary to realize the capital conversion between the two countries or regions through certain settlement tools and payment systems, and finally complete the transaction.

Mobao Pay has applied to the regulator for a cross-border payment business license, and naturally has set its sights on overseas markets.

Singapore, Indonesia, South Korea, and India all have layouts, and with RB, there are five countries.

"Of course, there is no problem! Happy cooperation, Mr. Zhang. ”

Alola thought about it a little and agreed. Warmly shook hands with Zhang Yida.

The two sides discussed for a while, and the joint venture company was named PayPay.

The name was taken by Alola, and Zhang Yida felt that the name was a little strange, but he was relieved to think that the payment company of Yahoo RB in his previous life was also called this name.

Yahoo RB injected $51 million to hold a 51% stake in the joint venture PayPay;

Ruixiang injected US$49 million and held a 49% stake in the joint venture PayPay.

At the same time, Mobao Pay will also send some Chinese employees to PayPay to be responsible for the construction and business promotion of the pre-payment system.