After listening to Zhang Yida's heartfelt words, the executives of Ruixiang Jinke were a little moved.

Especially Lei Dongming, with many years of experience in financial management, he has had in-depth contact with major venture capital, VC and PE. Knowing the investment logic of these people, it is so common that it can no longer be more common to be small and broad.

If it is really implemented according to Zhang Yida's idea, there is still a great hope of success.

Lei Dongming was the first to stand up and asked with an expectant face: "Mr. Zhang, what do you need me to do in this process? Quickly assign me a task! Fighting with giants, I feel my blood boiling when I think about it." Regardless of victory or defeat, as long as the reputation is played, we will have a place in domestic Internet finance in the future. ”

Others also spoke, and one by one they stepped forward to invite the battle.

Morale is worth serving! Zhang Yida motioned for everyone to be quiet and listen to his arrangements.

After sorting out his thoughts, he said: "In the next few months, we need everyone to work hard. Everyone polishes the product well, and the business is the greatest support and contribution to the company. Mr. Lui and I are responsible for following up on the financing matters. ”

glanced at Lin Zhenyang again, and said with a smile: "The daily management of the company requires you to worry more." ”

Lin Zhenyang nodded and said, "Don't worry, you are fighting on the front line, and we will hand it over to later." ”

Next, a number of personnel orders and job assignments were read out.

Zhang Yida continues to serve as the chairman of Ruixiang Jinke and the CEO of the group, responsible for the company's overall strategic planning and capital operation.

Lin Zhenyang serves as the president and COO of the group, responsible for the daily operation and management of the company.

Mr. Lei served as Group CFO and was promoted to Senior Vice President, responsible for the company's financial management, investment and mergers and acquisitions.

Liu Feng serves as the CTO and vice president of the group, responsible for the R&D management of technical line products.

The 7 subsidiaries, including Investment Ronghui, 365 Bookkeeping Butler, Kawang Credit Card Butler, Touronghui Finance, Mobao Payment, Mung Bean Credit, and Tiance Technology, have also made a series of personnel adjustments.

Tou Rong Hui and Tou Rong Hui Finance are divided into content advertising business groups, with Gu Panpan serving as the general manager of the business group and concurrently serving as the vice president of the group.

365 Bookkeeping Manager and Kawang Credit Card Manager are divided into mobile service business group, with Wang Lina serving as the general manager of the business group and concurrently serving as the vice president of the group.

Mobao Payment, Mung Bean Credit, and Tiance Technology are divided into emerging technology business groups, and the general manager of the business group is temporarily concurrently served by Zhang Yida, and will be appointed separately when suitable candidates are recruited.

Although Xu Xiaoqing, An Ping, and Wang Feiyan were not among the first batch of entrepreneurial veterans and were not appointed as general managers of the business group, they were all promoted to vice presidents, and their salaries were raised by one level.

Zhang Yida and Lin Zhenyang were a little selfish in this matter, and when several entrepreneurial veterans performed similarly, they gave priority to the promotion of Gu Panpan and Wang Lina.

Of course, although this is a bit intimate and different, it is only a little tilted towards the old employees, after all, everyone behaves similarly. If Xu Xiaoqing and the three of them performed much better, Zhang Yida and Lin Zhenyang would definitely choose them.

After reading out the personnel order, everyone's reactions were mixed, but everyone on the base was happy.

Although Xu Xiaoqing and the three of them were slightly disappointed, they were generally satisfied. They were all promoted to vice presidents of the group, and they were also considered senior executives of the company, but they did not get the position of general manager of the business department with great power and development potential.

After the meeting, Zhang Yida left Lei Dongming and Lin Zhenyang.

Zhang Yida lit a cigarette and handed one to Lei Dongming and Lin Zhenyang. He took a big puff of cigarette, spit it out, and asked:

"Lao Lei, the position of general manager of the emerging technology business group, do you have any suitable candidates to recommend?"

Lei Dongming spit out a puff of smoke rings, scratched his head, and said with emotion after a long time:

"There really aren't any good candidates to recommend, it's not easy to sit in this position. If you sit on it, you have to start a war with these giants like Leech Jinfu, it's a tough battle!"

Zhang Yida also understands that this position is not easy to sit, so he does not dare to decide on the candidate easily.

Zhang Yida took a sharp puff of cigarette and said:

"This position is too important, and I can only carry it for the time being. ”

"Do you want to entrust a headhunter to find out?" Lin Zhenyang interjected.

"Okay! The headhunter asked them to recommend a few people to come and have a look. Zhang Yida flicked the cigarette ash and said. Thinking of the people who were still in charge of Mung Bean Credit and Tiance Technology, he added:

"Set a group purchase package price with the headhunters! Mung Bean and Tiance people also recruited together. Find Heidrick & Struggles or Korn Ferry. Tell them to go to Capital One and dig up a few Chinese mid-level people for me. It is best to be an expert in personal credit reporting and risk control systems. ”

Capital One does have a lot of talents, and Chen Shaojie is an example, and now he is taking care of Yimin Loan very well.

After the three of them discussed this, Lei Dongming suddenly patted his head and remembered something, and said:

"Mr. Zhang, I almost forgot to tell you, some time ago you asked me to inquire about Toutiao, Didi, and Meituan's financing. There is specific news. ”

When Zhang Yida heard this, he hurriedly leaned over to Lei Dongming, and said excitedly:

"Great, what do they say?"

Lei Dongming was a little surprised when he saw Zhang Yida's big reaction, and slowly said the news he heard:

"Meituan, which is currently valued at about $3 billion, is seeking a Series C financing of about $300 million, and all kinds of venture capital are very interested, and we don't expect to be able to enter the game.

There are two reasons, the first is that the valuation is too high, and we have to come up with at least tens of millions of dollars as co-investment to participate;

The second is that at present, it is Ahri and international investment banks that are competing for financing, and we can neither provide domestic flow resources, nor can we help the invested companies to carry out capital operation and listing as an established venture capital.

So, to sum up, we can't get into the game. ”

Zhang Yida felt a little pity, the market value of Meituan reached up to 70 billion US dollars in the future, and he was a little sad when he saw that the 35 times high-return investment project could not be intervened.

Seeing Zhang Yida's look of pity, Lei Dongming was also very helpless, and he was also very optimistic about Meituan!

If you have a lot of money, you should still be able to invest $4 billion or $5 billion to value Meituan, but the question is how can you have so much money?

Lei Dongming continued:

"Didi's only completed a $100 million Series C financing in January this year, and we went a little late. But if it's not too late, it is estimated that it will not be able to compete with Penguin and CITIC.

Now Didi is fighting very lively, burning money and subsidizing wars, and there is a shortage of money.

We can now participate in a C+ round at a valuation of more than a billion dollars, but at least tens of millions of dollars, and we don't have that money right now. ”

Zhang Yida was silent, Didi's highest valuation in later generations had reached $60 billion, but with the listing of similar companies Uber and Lyft in the United States, as well as several security incidents in Didi, the valuation is said to have dropped to $40 billion.

It's another big fat sheep with thirty or forty times the return, and I can't eat it.

Seeing that Zhang Yida's face was a little ugly, Lei Dongming hurriedly followed up and said:

"The good news here is that they only closed a $10 million Series B funding round in September last year, valuing it at $100 million.

At present, we are seeking a Series C financing of 100 million US dollars, with a valuation of about 1 billion US dollars, which is about the same size as we currently have.

Zhang Ming, I asked someone to hand over a message and asked, and he said that he could talk to us. ”

Zhang Yida touched his chin, and the headlines followed the valuation at a similar level at this time.

Ruixiang has developed very well recently, and investment banks have come to contact for Series B financing, and the valuation has also gone up by $1 billion.

"If you have a chance, you must participate, and the other two chances are slim." Zhang Yida said with emotion in his heart.

"Okay, since everyone is in the capital, let's make an appointment with Zhang Ming, let's visit the door. ”

Lei Dongming frowned, and then said:

"Mr. Zhang, although Toutiao is developing rapidly, it seems to have great potential and is a good target for investment.

But after all, our main business is still finance, and the company is still in the process of entrepreneurial development, which is the time when we need money.

At this time, if we take the company's money not to speed up our own development, but to focus on investment, will the investors have any opinions? Will they think that we are not doing our business?"

Zhang Yida pouted, the last time he took nearly 100 million yuan to invest in Le's installment, it had already made the investor very dissatisfied. It is believed that Ruixiang does not focus on its own development and does not invest in start-ups.

It was also Ruixiang that had abundant funds during that time, and the investor only said a few words of reminder and did not strongly object.

But to invest in Toutiao now, for Ruixiang, it is neither a strategic investment to supplement the upstream and downstream industrial chains, nor a small early-stage investment in start-ups.

Investors will definitely object.

As soon as he thought of this, Zhang Yida was a little discouraged.

Seeing this, Lei Dongming made another suggestion:

"Mr. Zhang, it's better to be like this, we set up a venture capital fund outside Ruixiang, and after raising full funds, we can invest in whatever projects we want, and there is no emperor on our heads. ”

Lei Dongming's words suddenly opened Zhang Yida's mind.

That's right, I can start a new business by myself! Fundraising can also entrust Yimin Wealth to solve a part, and then I can look for alumni and seniors with a shy face, then I should still be able to raise a lot of funds.

Zhang Yida slapped the table and said, "Okay, you reminded me, just do it, let's set up our own fund." ”

Lei Dongming smiled, and then said:

"For the funding, I can find the old club in the past, and there are some parent funds. It is still very promising to raise tens of millions of dollars. ”

Zhang Yida nodded, remembering that this CFO was also a person who had been in both investment banks and listed companies, and had a wide network of contacts.

Zhang Yida thought for a while and said:

"I also have Yimin Wealth, which focuses on serving high-net-worth users, and can raise some funds for us. There are also many entrepreneurs in the alumni circle of Beijing University, so you can try to ask them to raise funds. ”

Lei Dongming bowed his head slightly to indicate that it was feasible, and after thinking for a while, he said:

"Then what is the scale of the first phase of our fund?"

Zhang Yida thought about it, and if the goal was set high, he was afraid that it would not be enough to raise money in a short time, and he would not come again if he missed the opportunity. It's important to be fast, raise enough money in the shortest possible time and invest it.

So he replied, "$100 million tentatively! The more the merrier." ”

Then, under Zhang Yida's arrangement, Lei Dongming began to be busy with the preparation for the registration of the venture capital fund.