Singapore.

Marina Bay Sands Hotel.

Chen Bingyao was dressed in a formal suit and had a cordial conversation with the heads of the Chinese chaebols from Malaysia, Singapore, Indonesia and other places who came to attend the meeting.

His face could not hide the joy, through this merger, his social influence, and fame have reached a new level.

As a wealthy third generation, the car kingdom built by his father is only a few billion Hong Kong dollars in market value.

And he has now successfully surpassed his father and taken off the label of the rich third generation.

When people mention him, they will not say "the successor of Chen Sing International Group" and "Chen Xingzhou's youngest son", but "the founder and chairman of the board of directors of Grebo" and "the founder of the largest Internet empire in Southeast Asia......

Chen Wei held red wine and witnessed all this with Zhang Yida on the side.

"It's okay, don't make a sound, just put a big move in Southeast Asia. ”

Chen Wei joked about Zhang Yida, who is also an important shareholder of Grab, so he also came from China to participate in the appreciation reception.

It is said to be a thank-you reception, but it is actually a network integration.

There are venture capitalists and shareholders behind Grab, and there is also a group of Southeast Asian landlords behind GoJek and RPay.

Let's meet together, get to know each other, and reach a certain tacit understanding to escort Grab's next expansion.

Zhang Yida smiled, "What a big move, the temporary lead is nothing."

Look at it, Ahri and penguins will move. ”

Chen Wei shook his head and said with a smile: "No. 1 in the field of transportation and travel, No. 1 in the field of e-wallets, and e-commerce is still almost there, and Laizanda and Shopee are evenly matched."

However, with the other two products as auxiliaries, it should not be too difficult to strangle the other two e-commerce companies.

Of course, if Ahri and penguins are willing to continue to burn money, it may also lead to a tug-of-war. ”

"E-commerce in Southeast Asia is far from the time when the market is mature, and continuous investment is inevitable. ”

Chen Weiwei glanced at Zhang Yida, "So you just bought it together and stuffed it in, and let SoftBank be the main culprit." ”

Zhang Yida laughed, "It's too much for you to say that, Mr. Sun Zhengyi likes the industry that burns money the most, because it means that the market is huge and the return ratio is high!"

Otherwise, do you think he'll vote for Didi?"

was scolded by Zhang Yida, and Chen Wei stopped talking.

Because Didi encountered the flight attendant case not long ago, there was a voice in the society condemning Didi.

In order to make the public sympathize with Didi, Didi announced its financial report: it has been in operation for 6 years, has never made a profit, and has a cumulative loss of more than 40 billion yuan!

However, the public does not sympathize with Didi at all, and those who should be scolded are still scolding.

In addition, some people questioned that the commission was so high, why did it lose money?

"Grab is valued at $10 billion, GoJek is valued at $5 billion, Buy Together is valued at $7.2 billion, RPay is valued at $2 billion, and GrabPay is valued at $5 billion.

Coupled with the $800 million invested by Ruixiang, the valuation of the new Grab is $30 billion!"

Chen Wei sighed, "It's almost time to catch up with Didi! If you don't work hard, I'm afraid you will be surpassed by Grab in two years." ”

He looked at Zhang Yida and asked: "I look at the shareholding structure, Ruixiang holds 40% of the shares of the new Grab Group, and you really made a lot of money this time."

Is there an initial investment of $2 billion?"

Zhang Yida shook his head and smiled, "You think too much, it's only 2 billion US dollars, just the last time I bought the holding company, I issued an additional 2 billion US dollars of Ruixiang shares."

Counting the investment in the other four companies over the years, $4 billion is indispensable.

In addition, it also conducted a $3 billion share exchange with SoftBank, and exchanged a 10% stake in the new Grab Group in the form of an additional $3 billion Ruixiang shares.

Combined with the $800 million in this round of financing, at least $8 billion has been invested. ”

Chen Wei nodded and praised, "That's not bad, it's a big profit of 4 billion US dollars! ”

Zhang Yida smiled and said that Ruixiang's total investment was about $7.5 billion, but $5 billion of it was stocks, and the other $2.5 billion was cash.

Moreover, these $5 billion shares were issued only after Ruixiang reached a valuation of $200 billion.

On the one hand, the reason for this is that there is limited cash on the books, and it is impossible to invest too much in the Southeast Asian market.

On the other hand, it is also to disperse some of the sharp business risks, leaving a way back for Grab.

The $3 billion equity exchange with SoftBank is even more interesting, Zhang Yida intends to increase SoftBank's shareholding in Ruixiang, and wants to cooperate with SoftBank at a deeper level.

After the completion of the relevant transactions, SoftBank also has five or six points of shares in Grab Group, which is the second largest shareholder after Ruixiang.

Mr. Son has indeed been generous, investing nearly $3 billion in Grab alone, holding nearly half of the original Grab shares before the merger.

Zhang Yida and Chen Wei chatted awkwardly here, and Chen Bingyao also got rid of the others and walked in front of the two with red wine.

"Congratulations, Anthony, the head of the $30 billion Internet empire. ”

Chen Wei was the first to greet Chen Bingyao, who was the latter's English name.

"Will, you're making fun of me, it's not as good as you and YiDa. ”

Chen Wei and Zhang Yida are both more cheesy, one is named Weir in English and the other is called Yida.

Originally, there was no word "YiDa" in English, but it was created by Zhang Yida and included in "Wikipedia".

Just as Bruce Lee coined the word "KungFu", Zhang Yida also set a precedent.

He doesn't like names like "Jack" or "Pony", and he always feels uncomfortable, but "YiDa" is more comfortable.

The Wikipedia introduction looks like this: Yi DaZhang, Chinese, the world's youngest billionaire with hundreds of billions of dollars, started his business at the age of 18 and owned more than 10 unicorn companies.

The Ruixiang Group, which he founded, is valued at more than $200 billion and is the only company other than Apple that has hundreds of millions of active users in both the East and the West.

YiDa is passionate about animal protection, philanthropy, and education, and is also a messenger to promote the spread of Eastern and Western cultures......

"Don't be presumptuous, 30 billion US dollars, in China, is also one of the top 10 Internet companies. ”

Zhang Yida looked at the high-spirited Chen Bingyao and said a word of encouragement.

He looked around again, "Why didn't you see Makarim?

Chen Bingyao searched around the crowd with his eyes, but did not find Makarim, so he took out his mobile phone and made a call to the latter.

After asking a few words on the phone, he hung up the phone and said: "He is chatting with a group of Indonesian officials, and he will come over later." ”

Zhang Yida smiled: "You guys have a good relationship now, let it go?"

Chen Bingyao shrugged, "It's the same as you said, it's just a little battle of will, what can't be let go." ”

"That's good, let's work together to make the company bigger and stronger!"

Zhang Yida was still a little worried that Chen Bingyao would not be able to save face, or that the relationship with Makarim would be very stiff.

Now, in the face of interests, everything is not a problem.

But Zhang Yida thought of a new question, if there are fewer interests, will the motivation for struggle be insufficient?

Chen Bingyao, the chairman, holds 1.8% of the shares, and Makarim, as the CEO, holds 1.05% of the shares.

It seems necessary to arrange a long-term equity incentive plan.