Ruixiang took the lead in launching the face-brushing payment device "Eagle", which really caught Ahri and Penguin off guard.

These two products are almost complete, but they are not officially left

Stimulated by Ruixiang, the two giants also coincidentally adjusted the product launch time.

In the past year, the market share of mobile payment has maintained a market pattern of 40% and % of Paybe.

The three companies have carved up more than 90% of the domestic mobile payment market, and the rest of the payment companies have only a few points of market share.

For this situation, Ruixiang and the other two giants also maintain a tacit understanding, and do not rashly fight the subsidy war, but still focus on making money.

Last year, NetUnion was established, which is a unified clearing platform for online payments led by the central bank.

In the past, third-party payment institutions were directly connected to banks, and "customer reserves" were also stored in various banks, and interest was also regarded as hidden income by third-party payment institutions.

Now there is an additional network in the middle, and the central bank requires that the payment institution should deposit a certain proportion of the customer reserve fund into the special deposit account of the designated institution, and the funds in the account will not be subject to interest for the time being.

Last year, 20% of the reserve was required for the first time, and this year it has begun to gradually increase the deposit ratio on a monthly basis, and 100% of the deposit will be centralized by January 2019.

Now it's okay, I have worked hard to subsidize the market for many years, and I thought I could harvest it, but my dream was shattered.

So, pay shell, % handling fee, cash withdrawal to charge, credit card also charged.

Ruixiang wanted to stand up for a while, so as to attract some users.

After two months, I found that users had become accustomed to using their usual payment methods.

As a result, it no longer held on and began to charge a 0.1% handling fee.

This is the situation in the payment market now, and it has been deadlocked for a long time, and no one can help anyone.

If there is no technology or model disruption, it should be this pattern for a long time.

"Face payment" looks a bit like subverting the existing payment pattern, and Erma is naturally very vigilant.

Whether it can be done or not, at least it can't fall behind Ruixiang.

Just when Ruixiang began to shop machines all over the country through a large service provider, the program apes of the two giant companies complained bitterly, usually 996 is forgotten, and now 007 is coming.

There are often some shop owners on Douyin, who shoot short videos to show off their face-brushing payment devices.

While promoting the eagle, it also increased the anxiety of Ahri and penguins.

In fact, Zhang Yida does not have high expectations for face payment, which cannot become a letter like "WeChat red envelope", and it will take a week to wipe out Ahri's ten years of hard work.

Ruixiang ran first this time, and it couldn't grab much market share from the other two giants.

There are two main issues: "usage habits" and "penetration rate".

……

Bitmain's Series B financing was completed quickly, with a pre-investment valuation of $14 billion and a post-investment valuation of $14.56 billion.

The investment institutions that learned the news all sighed and got on the bus one step late.

This is also a star startup in the past two years, and the valuation was only $1 billion a year ago.

A year later, the valuation had nearly doubled by nearly 15 times.

The reason for such a tumultuous change is that the world's No. 1 mining machine manufacturer caught up with the heat of the currency market last year.

Bitmain is equivalent to a merchant who sells water on the gold rush, no matter how the currency circle fluctuates, the mining machine is sold for money.

FY17 revenue was $2.5 billion and net income was $1.25 billion, compared to $1.87 billion and net income of $1.14 billion in 1Q18.

This financial report, even Zhang Yida was embarrassed to see it, this is simply a money printing machine.

After the completion of this round of financing, Bitmain will submit a prospectus to the Hong Kong Stock Exchange, which is expected to be officially listed at the end of this year and early next year

It is predicted that the IPO will raise $18 billion, and the company's market capitalization will be $400-50 billion.

This is also the reason why many investment institutions regret it, why is it late to invest in such a good company?

However, fortunately, Zhang Yida and GF Hero posted that he intended to transfer his 13.55% stake in Bitmain.

The first reaction of the outside world was that the Ruixiang capital chain was broken.

Otherwise, how can you explain that the shares of such a powerful company are transferred?

And Bitmain is about to go public, why not wait another quarter?

Despite the discussions, the outside world has given various interpretations.

But Zhang Yida did not waver at all, and he had to transfer the shares.

From the bottom of my heart, the reason why Bitmain invested $5 million is also for the present.

This is a financial investment, and the business synergy between Ruixiang and Bitmain is not strong.

In addition, the blockchain is also ebbing, and if it is not transferred, what should I do if I smash it in my hands?

In the end, it was the two founders who forged it, and Zhang Yida had heard a lot of news about them in his previous life.

The black-shirted capital behind Shen Beipeng invested in Bitmain for two rounds in a row, and was a little puzzled by Zhang Yida's behavior, so he specially called for inquiry.

"Yida, the outside world doesn't know Ruixiang's financial situation, but I do.

With so much money lying on the account, you still have to ** Temain shares? I can't wait for a few months?"

Zhang Yida said with a smile, "Mainly affected by the environment this year, I have food in my hand, and I don't panic." ”

Shen Beipeng advised: "Bitmain currently holds 74.5% of the global mining machine market share, and last year's total revenue from ASIC chips accounted for 7% of the market share of the ASIC design industry, second only to Huawei HiSilicon in China.

In addition, this month it also announced the launch of a new self-developed 7nm chip, which integrates up to 1 billion transistors on a single chip......"

"I admit that this company has a certain amount of technology, but in this state, I am not optimistic that they will be able to succeed in the rest."

Zhang Yida was too lazy to explain too much, and directly stated that he was not optimistic that Bitmain would be able to succeed in the rest

In fact, the Hong Kong Stock Exchange also rejected Bitmain's listing application on the grounds of "single income", relying too much on the income of mining machines, and the so-called "AI chips" have less than 10% of the revenue.

In the first half of this year, the total revenue was 2.845 billion US dollars, which can almost compete with the chip giant NVIDIA, and the scenery is unlimited.

But once the bear market comes, the price of the currency plummets, and the mining machine can only be treated as scrap copper and rotten iron.

Although Zhang Yida's words are very direct, they still seem a little too arbitrary at the moment.

But Shen Beipeng knows how sensitive his sense of smell is, and all of the companies in Hujin have cashed out at a high level, which can be called a textbook technique.

"Then didn't we suffer a round two months ago according to the post-investment of 14 billion US dollars?"

Zhang Yida smiled, "It's okay, didn't the first phase of the fund, Black Shirt Capital, also contribute 40 million US dollars?"

We make enough money to hedge our risk. ”

Now that Zhang Yida has decided, Shen Beipeng will no longer persuade him.

Wu Jihan, the founder of Bitmain, also called Linghua to confirm the authenticity of the news of Zhang Yida's transfer of shares.

Zhang Yida didn't ramble, and directly told the other party that he did want to transfer shares.

Investment institutions want to withdraw, and they are selling old stocks, as long as they are not sold to competitors, then it is not a big problem.

Wu Jihan did not persuade him, but his attitude was much colder, and he urged Zhang Yida to act faster, so that they could revise the prospectus in time and not affect the listing plan.

Zhang Yida is not surprised, after all, he suddenly transferred shares before others went public, so he almost took a loudspeaker and yelled: I am not optimistic about your listing, and it will be a street hit if you are listed.

I have to use Zhang Yida's current popularity and influence to transfer Bitmain's shares, which is a very big negative for this company.

I am afraid that if it is successfully listed, the amount of funds raised and the market value will be greatly reduced.

After Wu Jihan, a number of investment institutions that invested in Bitmain called.

There is only one purpose, to persuade Zhang Yida not to sell shares.

Zhang Yida could only politely decline the "kindness", and he sold the shares.

The investment institutions were naturally very angry, thinking that Zhang Yida was too faceless, but they couldn't help him.

Ruixiang holds a 13.55% stake in Bitmain, which is worth $1,972.88 million based on the latter's valuation of $14.56 billion.

The amount is not counted, and it took six investment institutions to eat.

These unlucky ghosts didn't catch up with Bitmain's last round of fundraising, and as soon as they heard that Zhang Yida had old shares for sale here, they rushed here.

The negotiations were not very smooth, and Zhang Yida made a surprise transfer of equity before the listing, which is very suspicious.

As a result, the six major investment institutions bargained with Zhang Yida and asked for an eight-fold or seven-fold discount.

Zhang Yida directly "sent off the guests", which stopped these people.

In the end, the share price was transferred at parity, with no discount and no premium.

The investment of 5 million US dollars, in three and a half years, has become 1,972.88 million US dollars, an increase of 395 times!

Shortly after the completion of Bitmain's share price transfer, Ruixiang started the rhythm of a big sale.

Ucommune, a shared office, Singularity Automobile, a new car-making force, Huitongda, a rural e-commerce company, and one of the top three in instant delivery in the same city, Goudong Daojia-Dada...... A series of unicorns were all put on the shelves.

These companies have been relying on not going public, and they have not achieved revenue balance themselves, and rely heavily on external financing for blood transfusions.

Zhang Yida couldn't stand it anymore and decided to change it to RMB or US dollars to feel more at ease.

In addition, Ahri and Goudong are also crowding out sharp directions, for example, Huitongda was invested 4.5 billion yuan by Ahri Zhan in the first half of this year, focusing on the sinking market, and there is an irreconcilable contradiction with Pindodo.

And after the merger of Goudong Daojia and Dada, he has not forcibly driven Ruixiang.

Until the 10 billion subsidy came out some time ago, the weak brother could no longer stand Zhang Yida.

Zhang Yida discussed with Lu Qi and Lin Zhenyang, and finally clarified the relationship around the future business development direction and the capital behind the invested companies.

There are two long lists, one for equity increases or mergers and acquisitions, and the other for all sales.

Ruixiang's "big deal" shook the Internet circle again, and a person familiar with the matter said: This is a new round of reshuffle, redividing the Internet sector.

There are also some investment institutions gearing up and preparing to pick up cheap in the "unicorn special" opened up by Ruixiang.