After discussing Xian Duoduo's next store opening plan, Lei Dongming called Zhang Yida.

"Luckin Coffee's Series B financing has been completed, raising a total of US$200 million, led by Happy Capital and Centurium Capital, and we have co-invested with GIC and CICC.

Invested $22 million and got 1% of the shares. ”

This is not much different from the $2 billion valuation envisioned by Zhang Yida, which is slightly higher by 10%, and the valuation of Luckin has swelled to $2.2 billion.

Although it is a little crazy, it is true that people are too good at telling stories, making Chinese's own coffee, and benchmarking themselves against Starbucks.

Zhang Yida thinks that there must be a bubble in this valuation, but he remembers that Luckin has maintained a market value of $4 billion to $5 billion in the first half of the year after its listing.

You can't lose money.

It's just that you have to be careful to smash your own hands, so I told Lei Dongming: "We are just financial investors, and Luckin may have to raise funds later, so we don't want to follow."

After the subsequent financing and listing dilution, our shareholding may only be a few tenths of a percent.

As soon as the ban period expires, sell it directly in the market!"

Lei Dongming didn't think there was anything wrong, the strategy of "fast in and fast out" was discussed a few months ago when Liu Dahai first contacted them.

Moreover, Huayi Capital's shareholding is not high, and it can't make much money if it stays in its hands, unless the market value rises to two or three hundred billion, there may be a tenfold return.

But just think about it, Luckin is still 108,000 miles away from Starbucks.

"Okay, I'll let the post-investment department keep an eye on it and exit as quickly as possible. ”

Zhang Yida said "um", and chatted with Lei Dongming about the projects that Huayi Capital has invested in recently.

He basically doesn't care much about Huayi Capital now, and the unicorns that should be captured are almost captured anyway.

The next work has to be completed by Huayi Capital itself, and he has no golden finger to guide which projects to invest in.

In the past four or five years, Huayi Capital has established eight or nine RMB funds and US dollar funds, and has invested in dozens of unicorns, including star companies such as Toutiao, Magnesium Group, and Didi.

It can be said that it has become famous in the industry, attracting a large number of outstanding talents to join.

Even without Zhang Yida's "guidance", it can continue to operate normally, and it will not be much worse than other leading venture capital institutions.

......

"Mr. Zhang, you look for me. ”

Zhang Yida was pacing in the chairman's office reserved for him by Yimin Loan, and when he saw Chen Shaojie walking in, he greeted with a smile: "Come back, sit down!"

Chen Shaojie nodded with a smile and sat down on the sofa beside him.

Zhang Yida took a sip of tea and asked, "How is the work in the Indian market currently being carried out?"

"We are all on the right track, and we have obtained the NBFC-ICC license, which is a small loan license in China.

Mr. Fan and they have obtained an NBFC-P2P license, but it is said that it seems that it is a little difficult to obtain funds. ”

Zhang Yida nodded and sighed, "Yes, how can the third brother have the money to buy any P2P financial products, the market is generally more optimistic about the pure lending model."

Hey, by the way, are there many Chinese fintech players going overseas in India now?"

"Many, very many, the area we are in is full of Chinese overseas players. ”

Chen Shaojie talked about what he had seen and heard, "In the cause of lending, we Chinese are very seafaring.

Large companies such as Ahri, Rice, and Kunlun Wanwei have all passed, and the small four or five people have gone over to lend money with 10 million.

Oh, by the way, there is also Ruixiang Investment's Le Installment also has a layout in India. ”

Zhang Yida nodded, Lexin invested almost at the same time as Miao Installment, but before Miao Installment was listed, Ruixiang emptied all its equity.

At the end of last year, Ruixiang reduced its stake by 10% and cashed out nearly $300 million, and still holds 13% of the shares of Le, which is the second largest shareholder after the founding team.

The market value of Le Installment and the market value of Miao Installment are about the same, both hovering around 2 billion US dollars, and the investment income created by the two investment projects for Ruixiang is similar, both of which are billions, and Ruixiang can be called the biggest winner in addition to the founding team.

kicked Rui Xiang out, and Lu Min, who went to hug the thigh of the leech gold suit, also tasted the bitterness.

A few months ago, the contract between Leech Financial Service and Miao Installment expired and was not renewed, and the "Come to installment" traffic entrance on Paybei was closed.

Because of P2P's serial explosions, routine loans and other things, it has caused a lot of public opinion.

The net profit exceeded 2 billion yuan for two consecutive years, but it was not favored by the market, and the market value fell to only 2 billion US dollars, which is far from the market value of 10 billion US dollars.

As for Lu Min's slogan: less than 100 billion US dollars in market value and no salary, it has become a laughing stock.

Shareholders such as Leech Financial Services and Kunlun Wanwei are selling off Miao Installment stocks, which has caused the stock price to plummet further.

Zhang Yida didn't care so much, he sold his 10.24% stake at a valuation of $3 billion before the listing, and cashed out more than 2 billion yuan.

Xu Xiaoming felt that he had lost money at that time, so he made a bet with Zhang Yida.

However, Zhang Yida didn't mention it, Xu Xiaoming obediently sent a top-of-the-line Rolls-Royce Phantom with tens of millions of dollars on the ground, and fulfilled the gambling contract.

Compared with the complete transformation of Miao Installment into a cash loan, Le Installment has been deeply engaged in installment e-commerce, and although the net profit is lower than that of Miao Installment, the stock price is much more stable.

Considering that the stock price of Leqi is also unstable, Zhang Yida did not let him continue to reduce his holdings, and decided to wait and see for a while.

"Now we have a problem in front of us, lending in India, the current law for NBFC loans annualized interest rate is not clear, the industry's default cap is 48%.

However, the platform can increase the actual loan interest rate to 300%-400% by setting fees other than interest such as service fees and payment fees.

It is said that a small team brought 10 million to lend money, and it has achieved a net profit of 1 million per month. ”

Zhang Yida squinted slightly, looking at the elite who had returned from Wall Street, and basically guessed the other party's intentions.

"It's different, those small teams you said were all severely beaten by China and couldn't survive, right?"

Chen Shaojie smiled and did not deny it.

Zhang Yida continued, "Now more and more Chinese fintech companies are squeezing in Southeast Asia, and it is initially estimated that there are seven or eight hundred in Indonesia alone.

It's all domestic anti-aircraft guns, IOUs, P2P, and loan supermarkets, and now the domestic market has been stirred up by them, and they have come to Southeast Asia.

I don't think they are doing it with their hearts in Southeast Asia, they are just making a profit, and they run away after a year and a half, which is similar to a guerrilla. ”

Chen Shaojie said with a smile: "That's the case, I heard from my colleagues in Southeast Asia that there are many small and medium-sized players who go overseas and feel that the competition is fierce in the local area, so they focus on India."

It has a population of 1.3 billion, an internet population of 500 million, and is a country that sees an opportunity to replicate 17 years of online lending in China. ”

Zhang Yida exhaled a long breath, this is really an addiction to lending, or the profit is too high, and he doesn't want to wash his hands.

He also knows that the group of people, mainly the Dongou Consortium and known as Chinese Jews, has been active on the big stage since the era of speculation.

With the clan blood and the township party as the link, a person discovers a way to make money, and a family and a place all start to do it.

"We can't be like them, and the size dictates that we can't play like them. ”

"All procedures still need to respect local laws and regulations. ”