After the visit to the Blue Hole Studio, Zhang Yida made an appointment with Jin Fengjin, the founder and CEO of Woowa Brothers, and Li Shijia, the founder and CEO of Viva republica, to meet the two.

In a private club, Zhang Yida met the two.

Jin Fengjin wore black-framed glasses, a small beard on his chin, and looked like a literary young man, about thirty years old.

Li Shijia wore gold-rimmed glasses and a slim and decent high-end suit, with a bit of financial elite style.

Several of them are highly educated, so they communicate in English the whole time.

Jin Fengjin opened his mouth and said: "Mr. Zhang came all the way from China, please forgive me for the inconsiderate hospitality." ”

Zhang Yida smiled and shook his head and said, "I didn't come from China." I still have some industries in the United States, and I just came to South Korea after an inspection there. ”

Li Shijia interjected and said, "Is it Green and Musical.ly?"

Zhang Yida didn't expect Li Shijia to know his industry so well, nodded, and said with a smile: "President Li, you know me quite well!"

Li Shijia boasted: "Mr. Zhang, these two products of yours are well-known in the United States! musical.ly topped the Apple list, and Green caused a sensation in the entire Silicon Valley. But it's a big face for us Asians!"

Zhang Yida waved his hand and said modestly: "It's not a product with too much technical content." ”

"Mr. Zhang is humble. Jin Fengjin first praised a sentence, and said: "It has always been our Asian companies that imitate European and American companies, but the shared bicycle is indeed your first creation, which is very remarkable." ”

"Yes!" Li Shijia nodded in agreement, and asked Zhang Yida: "Has Mr. Zhang considered introducing shared bicycles or shared scooters to South Korea?"

"What, are you interested?" Zhang Yida looked at Li Shijia with a lot of amusement.

"Yes, bike-sharing is so cool. It would be great if we could join us in Korea. Li Shijia said happily.

"I have a suggestion that Huimin Bicycle can set up a joint venture bicycle sharing in South Korea with our "Long Live the Republic of China" company, as it did with Grab. ”

After Li Shijia finished speaking, he looked at Zhang Yida again, waiting for his reply.

Long live the Republic of China is the Viva republica company, and Zhang Yida also thinks this name is quite funny.

However, the people in the kimchi country have no cultural background, and Zhang Yida is relieved when he thinks about it.

"Haven't you been focusing on the field of Internet finance? Why did you start the idea of sharing bicycles?"

Zhang Yida frowned, Ruixiang also invested 50 million US dollars in their company, holding 25% of their shares in Long Live the Republic of China.

You can't be so wasteful if you have money?

Seeing that Zhang Yida, the largest institutional shareholder, was a little unhappy, Li Shijia hurriedly explained: "Mr. Zhang, the "deposit wealth management" you launched in China is a very good idea.

I think that if shared bicycles can be bundled with our Long Live Republic of China company for promotion, it can greatly increase the establishment of our platform.

In addition, our mobile payment company, Toss, will also make a lot of profits. ”

Hearing his explanation, Zhang Yida laughed, this is preparing to plagiarize his own way to make a fortune!

This Li Shijia has studied himself thoroughly enough, and even knows about deposit financial management.

However, Koreans like to plagiarize and imitate.

At the same time, Zhang Yida is a little worried, don't be like the Dragon Boat Festival, when the shared bicycle will be invented by them.

"Bike sharing!" Jin Fengjin's eyes lit up, and he said, "Can we "elegant brothers" join one?"

The elegant brothers are the Korean version of the magnesium group Woowa brothers, and the name also makes Zhang Yida unable to complain.

Zhang Yida's eyes narrowed slightly, and he asked Jin Fengjin: "You also fancy shared bicycles?"

Jin Fengjin said with a smile: "I know that sharing bicycles is very expensive, one more partner has more power!"

He turned his head and asked Li Shijia, "President Li, what do you think?"

One more shareholder, more dilution of the shares. But Li Shijia has also heard about the speed at which China's shared bicycles burn money, and he is also a little worried that a company in the Republic of China will not be able to carry it.

So he nodded and said, "If the elegant brothers want to join, I welcome it." ”

For this answer, Jin Fengjin was quite satisfied. In terms of valuation, their elegant brothers are valued at $600 million, and Long Live the Republic of China is only $200 million. Li Shijia is still very knowledgeable about current affairs.

Zhang Yida saw that the two of them were determined to share bicycles, and he didn't bother to stop them, and said: "Okay! Huimin Bicycle can provide technology, and the follow-up operation will be handed over to the two of you!"

Li Shijia and Jin Fengjin were overjoyed, and asked again: "How much is Huimin Travel Group willing to contribute?"

Zhang Yida will not pay, in his opinion, the designation of sharing bicycles to go to sea is to lose money.

In China, shared bicycles have a diversion effect on their own industries, who to guide abroad?

"Don't invest, we are willing to give you a complete set of system solutions, technical solutions, for a price of 10 million US dollars!"

Jin Fengjin shook his head and said with a smile: "Mr. Zhang, this is too insincere." The technology of sharing bicycles is not too difficult, and the IT foundation of our country is not weak, so it is necessary to find a technical team. ”

"yes! $10 million is too high. Li Shijia also agreed.

"I think $1 million is a reasonable price. Jin Fengjin didn't want to make the relationship with Zhang Yida too stiff, so he offered a price that he thought was fairer.

"Do you know how many generations of iterations have been taken by Huimin Bicycle's current system solution?

This is a mature solution that has been developed and upgraded by hundreds of engineers for a year and a half. Including hardware, software, cloud and other solutions and links.

Do you think $1 million is the right price?"

Although Zhang Yida doesn't want to pay for his own bike-sharing in South Korea, he also wants to take more shares.

What if these sticks are so powerful that the bike-sharing bike is successful? If the shares are small, it is not a big loss.

Jin Fengjin and Li Shijia glanced at each other, and also felt that Zhang Yida still had some truth in what he said.

Huimin Bicycle's mature solution to the bike-sharing that burned more than a billion dollars is indeed too low at $1 million.

In addition, they also heard that several bike-sharing companies have sprung up in Singapore and are preparing to enter the Korean market.

At times like these, time is of the essence. The mature scheme of Huimin bicycle has undoubtedly saved a lot of research and development time and saved a lot of costs.

In the end, after some bargaining, the two of them decided to pay $6 million for the system plan of Huimin Bicycle, and the two companies jointly invested $24 million, making a total of $30 million in equity capital.

Zhang Yida is still quite satisfied with this result, which is equivalent to exchanging technology for 20% shares.

Korean bike-sharing has become the best, and if it doesn't work, there is no loss.

"President Li, I have an idea that I don't know whether to talk about it or not?" Zhang Yida asked Li Shijia again.

"What do you think? Mr. Zhang, you can say it. Li Shijia said.

Zhang Yida glanced at Jin Fengjin, who was sitting on the side, and said to Li Shijia: "Let the elegant brothers take a stake in Toss." ”

Jin Fengjin's face was happy, he knew the Toss platform, a very good transfer platform, very valuable for investment.

Li Shijia's face was a little embarrassed, Long Live the Republic of China Company only held 49% of Toss's shares, and if an elegant brother was pulled to join the shares, the shares would have to be diluted.

Zhang Yida persuaded him: "Toss is not without competitors in South Korea, the shareholders behind Kakao are China's Ahri Group, and the shareholders behind Kakao Bank are eaby and Penguin Group.

Although we have Ruixiang Group providing technology to Toss, the advantage over the other two companies is not particularly large.

My suggestion is to attract more partners. Let's make the cake bigger together.

Otherwise, if the cake is small, what's the point of you holding 100% of the shares?"

Jin Fengjin glanced at Zhang Yida appreciatively, and he thought that Zhang Yida said it too well. He also advised Li Shijia: "President Li, as long as you agree to our shareholding, the elegant brothers will do their best to help Toss attract new customers." ”

Li Shijia hesitated for a while, but finally nodded and said, "Okay!

After some deliberation, the elegant brothers will inject $20 million into Toss, and Ruixiang will inject another $10 million, bringing Toss's valuation to $100 million.

The pre-investment valuation of $70 million is a 3.5-fold increase from the $20 million injected at the time of establishment.

Ruixiang's direct shareholding has also been diluted to 45.7%, but it indirectly holds 8.575% of Toss through a 25% stake in Long Live of the Republic of China, and indirectly holds a 1.5% stake in Toss through a 7.5% stake in Elegant Brothers.

With direct shareholding and indirect shareholding, Ruixiang will hold a total of 55.775% of Toss's shares, firmly grasping the company's right to speak.

The elegant brothers will hold 20% of Toss's shares after the completion of the investment, which makes Kim Fengjin a little happy.

Li Shijia is not so happy, and the shareholding ratio of Long Live of the Republic of China will drop from 49% to 34.3%.

Li Shijia suspects that Zhang Yidala's elegant brothers are deliberately trying to weaken the right to speak in the Republic of China.

Originally, Ruixiang and Long Live the Republic of China respectively held 51% and 49% of the company's shares. Although Ruixiang occupies a controlling stake, Long Live the Republic of China also has a great right to speak.

However, after this round of financing, the shareholding ratio of Long Live Republic of China Company and Ruixiang will be completely opened.

Looking at Li Shijia, who was a little sullen, Zhang Yida was about to give him a sweet date, so he said:

"President Li, Ruixiang and Yimin Netfinance have very mature solutions in many fields of Internet finance, such as small loans, insurance, financial loan intermediaries, and credit big data......

I plan to transplant all of these mature solutions to Toss.

Toss is now only valued at $100 million, and once it completes the implantation of multiple businesses, the future potential will be limitless.

Long live the Republic of China will also get a good return on investment. In addition, the day-to-day operations of the company are managed by both of us. ”

Jin Fengjin also said: "President Li, don't be so stingy. Zhang is always a well-known entrepreneurial hero, can he still suffer losses if he mixes with him?"

Zhang Yida smiled and thought: If you raise me like this, if you don't make money, I'm afraid you won't tear me up.

Li Shijia thought about it and felt that although Jin Fengjin was suspected of being a sycophant, what he said was not completely unreasonable.

At a young age, Zhang Yida founded a fintech company with a valuation of nearly $30 billion, and also founded a number of well-known companies such as Huimin Bicycle and Yimin Netfinance.

With this kind of person, it shouldn't be a big problem to make money.

Immediately, the resentment in his heart dissipated a lot, and he began to talk happily with Zhang Yida and Jin Fengjin about some other topics.