After discussing with a group of shareholders, Zhang Yida directly called Singh and told him.

"Mr. Singh, after deliberation with the Board of Directors, we have agreed to the terms of your loan to purchase 20% of BBPay's shares. But there are some ugly things I still have to talk about earlier. ”

Singh couldn't hold back his joy, raised his hand and signaled, "If you have anything to say, Mr. Zhang, you can say it directly." ”

Mr. Zhang looked at Singh, who was dancing with joy, and said: "The 20% stake is worth $1.4 billion, but before the loan is repaid, these shares must be pledged on the side of our original shareholders."

If in the course of the company's operation, there are problems such as a decline in valuation, a major mistake in the strategic direction, and damage to the interests of shareholders.

We reserve the right to terminate the agreement early and require you to repay the $1.4 billion loan and interest, or to repossess the 20% shares. ”

Singh calmed down a little, and knew that such a large stake was not so easy to get.

"Early Termination of Agreement~"

"I'll have to look at the details of the agreement before I can reply." ”

"It's natural. ”

Zhang Yida will not deliberately engage in any "contract trap", after all, after Singh became a shareholder, everyone is in a relationship of prosperity and loss.

However, Singh didn't have a hot brain, and directly agreed, which still shows the shrewdness of the Indian elite.

India also has a population of 1.3 billion, not all of them stupid, but also a little smarter.

The contract is still in the process of being drafted and needs to be inclusive of all aspects and comply with local company regulations in India.

Zhang Yida didn't stay in BBPay all the time, and went around the companies that he invested in, such as O, Zato, and Byju's.

These companies were all founded around 2010, which is about the same time as the birth of China's mobile Internet giants.

It's just that the size is still far behind, Byju's is equivalent to a good future for India, with a valuation of more than $4 billion, and Penguin has participated in the investment.

O is the Indian version of Didi, with a valuation of nearly $5 billion, and Penguin, SoftBank, and Walmart's Indian e-commerce platform Flipkart have all participated in the investment.

Zato is the Indian version of the magnesium group, with a valuation of more than $2 billion, Ahri is the largest shareholder, and SoftBank is also involved in the investment.

The same is true of several other unicorns invested by Ruixiang, in addition to Ahri, Penguin, and SoftBank Investment, there are also some venture capital funds from China participating in the investment.

Zhang Yida was more restrained, in addition to the early investment, he followed up with one or two rounds of investment as appropriate, and maintained 5%-20% of the shares.

SoftBank and Ahri are more aggressive, vowing to occupy all the tracks of e-commerce, mobile payment, and local life.

At this point, Ruixiang's investment style is somewhat similar to that of Penguin, and the desire to control is not so strong.

Ahri's domineering style naturally caused dissatisfaction among some Indian startups, such as Zato's founder Panka Chada, who very much wanted Zhang Yida to make an additional investment to balance the major shareholder Leech Financial.

Panca has dark skin and a big beard, and he said calmly: "Mr. Zhang, BBPay has always been our strategic partner.

Now that Leech Financial has invested in us, we have always wanted to remove BBPay from the shelves, and only keep Paytm as a payment option for users.

I think this is very inconvenient for users and very hurtful to the friendship between me and Mr. Zhang.

I righteously rejected the investment representative of Leech Financial, but I also offended Leech Financial because of this.

I hope that Ruixiang Group will give us another investment to reduce the company's shareholding in the company, and at the same time ensure that our cooperation with BBPay is more solid. ”

Zhang Yida couldn't tell the truth of what he said for a while, Ahri wouldn't be so tasteless, right?

Unlike Southeast Asia, India has had a little friction with China from time to time since the Doklam confrontation the year before last.

Zhang Yida has always been cautious about investing in India.

The most important thing is that Ah San's economy is not good, Internet companies have burned money, whether they can earn it back like Chinese companies, and how long it will take, he retains some questions about these questions.

The company's valuation is looking at the rise, but like many Chinese unicorns, it is a bubble.

At present, the e-commerce track is basically out of play, and mobile payment is still in the second place in the Indian market, and some of the investments in local life are to find partners for BBPay and expand the scene.

Zhang Yida also wants to occupy these local life companies all the time, but the industries of taxi and takeaway are too expensive, and they are not their own country, so investment security is a problem.

He finally pinched his nose and let the penguins and Ahri enter.

Instead of pushing mobile payments in India, Penguin has put its hopes on the instant messaging app Hike, which is also a unicorn with Penguin's investment.

Zhang Yida guessed that he might want to replicate the battle of WeChat Pay red envelopes in the attack on Pearl Harbor, and wipe out the ten years of hard work of Leech Financial Service in a week.

But just think about it, WhatsApp is India's largest instant messaging software, with more than 300 million monthly active users in India, and Xiao Mazi is ambitious to integrate a mobile payment service on WhatsApp.

This is also a good teaching on WeChat, and Xiao Mazi also saw the business opportunities here.

However, the Indian government has not allowed WhatsApp to launch mobile payment, probably because it is afraid that it will monopolize the market all of a sudden.

Penguin's majority of its financial investments in India are financial investments, with only a small stake in the company, and it does not pay attention to generating business synergies with its portfolio companies.

In China, because there is WeChat, it can be used as an open traffic entrance.

In India, penguins can only look at the first and second places in the market, Paytm and BBPay, because of the lack of a flagship product, and the investment can only be scattered.

Therefore, there are still some contradictions between Ruixiang and Leech Financial Services, which are mainly reflected in the Indian mobile payment market.

Focusing on the use scenarios of mobile payment, Ahri and Leech Financial, Ruixiang and SoftBank have invested in a series of unicorn companies.

Many of them are co-invested by Ruixiang and Leech Financial.

But everyone has been safe and sound, and Leech Financial Service has not caused trouble casually, and various taxi apps and food delivery software support Paytm and BBPay payment methods.

Although Zhang Yida has not communicated with Jackma, the Internet market in India is very different from the Southeast Asian market.

There are local giants such as Reliance Group and Tata Group, and American giants such as Amazon, Google, Facebook, and Walmart are also eyeing up.

The Chinese consortium itself is infighting, and it will only make people pick up the cheap.

Therefore, there is a tacit understanding between Ruixiang and Ahri, and there is no face-tearing battle.

Thinking of this, Zhang Yida was a little vigilant, and I am afraid that the words of Ah San in front of him will not be fully believed.

"Panka, I thought about it, Ruixiang's shareholding in Zato is high enough, and with Ahri, the Chinese-funded component is about to exceed 50%.

Due to some political considerations, it is not appropriate for Ruixiang to increase his holdings, but I can recommend Mr. Son to invest in you. ”

Zhang Yida decided to push Son out as a shield, given that SoftBank has a stake in Paytm and BBPay.

Even if Ahri really wants to make trouble, Son doesn't want to see the two companies fighting and hurting their own interests.

Panka is also aware of the relationship between Ahri, SoftBank, and Ruixiang, and knows that this is another relationship with the mud.

"SoftBank, they already invested in one round last year, and I don't know if they are willing to continue investing. ”

Zhang Yida nodded and smiled, "I must be willing, you know China's magnesium group, the market value of tens of billions of dollars, and Zato's valuation of $2 billion is where it is." ”

Pan Ka smiled, and saw that Zhang Yida had no intention of increasing his shareholdings, so he did not continue the topic.

Seeing this, Zhang Yida became more and more sure of the guess in his heart, this kid just wanted to sow discord.