The acquisition of Xuemeng can not only lay out the young market, but also form a complementary ...... with the existing business of Zhonghe Group."

At the board of directors of Zhonghe Group, Zhang Yida threw out a draft of the acquisition of Xiaomeng.

In addition to Zhang Yida's desire to promote the merger, Penguin, Black Shirt Capital, Ruixiang, and Qiandu shareholders all have this idea.

Whenever I think of these things, Zhang Yida's determination to merge Kuaishou becomes more and more firm.

In the previous life, when Douyin achieved such a big advantage, Kuaishou could still be valued at nearly $30 billion. and also burned the war overseas, becoming one of the important roadblocks for Douyin to dominate the world.

The benefits are endless!

Once successful, the domestic short video can be said to have no rival, and the live broadcast e-commerce business of Pinduoduo will also have wings, and you can rest assured that you can expand overseas......

The merger and acquisition of Kuaishou is of great significance to Zhonghe Group.

Seeing such a harmonious scene, Liu Zhiping was very satisfied, and his grasp of the success of the matchmaking was two points greater.

I think so, but I can't say that. Su Hua smiled and nodded, "That's right, my own family~"

Who is your own family with you? The public relations department of Doushi pointed at Sang and scolded Huai every day, saying Kuaishou Low. Now that you're coming with me, why did you go earlier?

Zhang Yida pondered for a moment and took the lead in speaking: "Mr. Su, we are all penguins, we are our own family, and it is inevitable that the fight will hurt the harmony, and it will also make outsiders take advantage of it." ”

With all kinds of complicated ideas, Su Hua agreed to meet Zhang Yida.

The winner-takes-all rule in the Internet industry inevitably made him hesitate a little, how to go on next?

The domestic battlefield Kuaishou has fallen behind a lot, and the gap overseas is even more desperate.

Su Hua took Kuaishou to Brazil and other countries, and when he saw the energy, he was a little shaken in his heart.

Liu Zhiping also wants to promote the merger of Kuaishou and Zhonghe Group, so as to increase the proportion of Penguin's shares, and also avoid internal friction.

In fact, what is the main purpose of this meeting? The three people present here are very clear.

Zhang Yida nodded at him: "Thank you, Mr. Liu!"

"Yida, don't you want to meet with Su Hua? ”

Liu Zhiping sat on the other side of the sofa as the big man who matched the two to meet, he looked at the two of them a few times, and said to Zhang Yida:

The employees they recruit overseas are basically all playing.

When they went abroad this time and saw a software in their mobile phones, they realized their strength.

I used to hear media reporters say that they occupied the top of the PPstore rankings, and they didn't think it was too good.

How popular it is, they also went to sea to have a clear idea.

Even if Shake is so popular, overseas is also a dark horse that can't be blacker.

What's the problem? Is it that I was too underestimated in the first place?

He sometimes reflects on how he started more than a year after Kuaishou, and how he suddenly ran ahead of Kuaishou.

The speed of development of Shake Vision was a bit unexpected by Su Hua.

There are still many shareholders like Ruixiang who step on two boats in Kuaishou, Black Shirt Capital and Penguin are betting at both ends, and Qiandu is barely half of it, and they also hold shares in Kuaishou.

In this case, Su Hua did not clean up the few shares held by Ruixiang Kuaishou.

Ruixiang is Ruixiang, Zhonghe is Zhonghe, and the two are different companies. Moreover, as a shareholder, Ruixiang usually does not contradict the meeting, just honestly participates in the meeting and checks the financial report, and the sense of presence is very low.

What kind of meeting is there on Kuaishou's side, Zhang Yida also sends Lanlan or others from the industrial investment fund to attend, mainly to avoid embarrassment.

After that, Zhang Yida established Doushi and entered the short video, and slowly the relationship between everyone became estranged.

At that time, Ruixiang Industrial Investment Fund participated in Kuaishou's B+ round of financing and invested $30 million in the latter.

He used to have a good relationship with Zhang Yida, but that time was going to be the beginning of 15.

However, he quickly adjusted, shook hands with Zhang Yida with a smile, and said a few more polite words.

Su Hua is not as free and easy as Zhang Yida, and it is a little unnatural.

When Zhang Yida saw this old friend who he hadn't seen for a long time, he took the lead in stretching out his right hand and greeted him with a smile: "Mr. Su, long time no see!"

Su Hua has a round face, wears glasses, and looks like an honest ape.

This time, under the mediation of Liu Zhiping, the two met in a private high-end club in Beijing.

Zhang Yida hasn't seen Su Hua for a long time, and since he made a Douyin product, the relationship between the two has gradually become estranged.

......

In addition, it also holds a part of the equity of Station B and Canxing Culture.

Zhonghe Group will have a total of a number of Internet products such as Doushi, Pindodo, Sweet Potato Video, Jimeng, School Meng, Bole and so on.

Other shareholders have also been diluted in equal proportions, and their shareholding has dropped to 99% of the original figure.

After the completion of this small merger, Zhang Yida's shareholding in Cayman fell to 62.73%, and the shareholding of Ruixiang Industrial Investment Fund also fell from 3.37% to 3.34%.

The GP of Ruixiang Industrial Investment Fund is Ruixiang Group, which holds 20% of the fund shares.

Therefore, the 0.99% additional shares issued by Zhonghe Group are for Ruixiang Digital Technology Group, not Ruixiang Industrial Investment Fund.

Xiaomeng was originally a wholly-owned subsidiary of Ruixiang, and the capital injection of 500 million yuan also came from Ruixiang Group.

Zhonghe Group issued an additional $400 million in shares to Ruixiang, bringing the total valuation to $40.4 billion.

Ruixiang received $100 million in cash and got back the initial cash investment.

The shareholders of Zhonghe Group have no objection, because the acquisition is "80% equity + 20% cash".

Now the value has increased by nearly 7 times, and the return is very good.

Ruixiang Group has no opinion, because Xiaomeng has been established for less than a year, and a total of 500 million yuan has been spent on promotion.

This price is also reasonable for school students who have no income for the time being.

Negotiations went on for many rounds, and the purchase price was finally set at $500 million.

The lower the purchase price, the better it is for him personally.

Following his heart, he wanted to lower the purchase price, because he held 38.18% of the shares in Ruixiang Group and 63.36% in Zhonghe Group.

He is the majority shareholder of two companies, and it is not good to favor either one, and the shareholders will have objections.

The acquisition completely let the staff of Ruixiang Group and Zhonghe Group be responsible for docking, and Zhang Yida did not interfere too much.

......

Then a vote was held, and except for Zhang Liping's abstention, the draft resolution on the acquisition of Xiaomeng was unanimously adopted.

A small project is not yet worth destroying the relationship with each other.

After all, the other party is a major shareholder and chairman, and it also has its own authority to maintain.

Zhang Liping opened his mouth, thought about it and swallowed the words, Zhang Yida said everything, and he couldn't argue anymore.

The only thing that lags behind is the business monetization model. This is not in a hurry, and it will occupy 8% of the market share in the industry. ”

We currently have 25 million white-collar users, which is not far behind the number of users.

There are too many examples to list them all.

Before Shake Vision, there were Meipai, Xiaojia Show, Kuaishou......

Before Pindodo, there were Taobao, Goudong, and Vipshop......

"Zhang Dong's opinion is very good," Zhang Yida smiled, "But I'm a person who doesn't believe in evil." My favorite is the last-mover first-come.

The other directors looked at Zhang Yida to see how he responded.

It's not about intervening in every field. ”

I think Zhonghe Group should focus more on social e-commerce and short videos.

Workplace social networking is a vertical segment, and it is difficult to survive multiple companies, which is basically a monopoly situation.

Bole has only now entered this field, and I am not very optimistic.

At the end of last year, he announced that Maimai had reached a revenue balance.

He also holds a Ph.D. in data mining and machine learning from the University of Maryland.

During his tenure, the average income of Sogou Search increased by 350 times from Q1 of 07 to Q3 of 10.

This answer obviously did not satisfy Zhang Liping, he said: "Lin Fan, the CEO of Maimai, is not a simple person, he is a 98-level member of the Computer Science Department of Aoki University, a member of the core founding team of Sogou, and has participated in core projects such as Sogou input method and browser.

Zhang Yida looked at him, "If you don't do it, you will never have a chance." Yes, maybe there is a glimmer of opportunity. ”

He asked Zhang Yida: "Maimai was established relatively early, it was established in 12 years, and it has been more than four years since it has been developed.

Zhang Liping, who became a director of Zhonghe Group on behalf of Blackstone, is Chinese and is in charge of Greater China, and obviously knows more about the domestic Internet than Bao Zheyu.

Bao Zheyu shrugged, spread his hands and said, "Okay, I'm very sorry, it seems that I need to spend more time learning about the Chinese Internet." ”

LinkedIn, I don't deny that it has been successful in the US market, but it is really not doing well in the Chinese market. ”

Zhang Yida shook his head and chuckled: "Mr. Bao's news is a little behind, the monthly active users of Pulse have surpassed LinkedIn China, and now our biggest competitor should be Pulse."

Bao Zheyu, who was appointed by BlackRock to serve as a director on the board of Zhonghe Group, asked: "After acquiring Xiaomeng and Bole, didn't you become a competitor to LinkedIn?"

"That's right, the platform is purer and the user experience is better. ”

That is to say, all the graduated users of the school are converted to Bole.com, and the school is only for campus socialization and campus services. Xu Xiaoming asked.

"Mainly engaged in workplace socialization, job search and recruitment...... Zhang Yida explained what Bole mainly does.

Zhang Yida smiled: "Oh, by the way, now the name has been changed, it's not called the school Meng workplace version, it's called Bole.com." ”

"There will be a plan to guide graduate college students to download the school cute workplace version. ”

Liu Zhiping is more concerned about this, millions of college students graduate from school every year, and it would be a pity if they were lost in vain.

"How is the workplace version of Xiaomeng developing?"

Although they are not afraid of competition, they also respect every opponent.

Penguin has been paying attention to the development of the school, and after finding that there is no borderless expansion, it stops at the back of the campus, and it is only then that it is a little relieved.

Liu Zhiping clasped his hands and looked pensive.

Shen Beipeng, Xu Xiaoming and other directors nodded again and again, as long as the decision is beneficial to Zhonghe Group, it will be unconditionally supported.

The acquisition of Xiaomeng not only enriches the content, but also expands our traffic boundaries. ”

As for Jitter, a large part of the video content is also provided by college students.

This is not a small market. Once they get into the habit of shopping in Pindodo since college, they will slowly convert into loyal users of the platform.

There are 27 million college students enrolled, and while nearly 8 million graduate each year, more than 8 million will grow.

Therefore, these students are the target users of our spelling.

The monthly living expenses that can be given to the children are only one or two thousand yuan.

In China's current situation, most families are far from wealthy.

"University students have no income, and their living expenses come from family support.

They represent the interests of their respective companies, and the pros and cons must be weighed.

The directors here are listening attentively, and acquiring a company with 50 million users is not a trivial matter.

"Mr. Su, Kuaishou has also gone to sea, what is your idea for the overseas market?"

Su Hua looked at Zhang Yida and said with a serious face: "As a brand-new track, short video is very suitable for replication and landing overseas. ”

Zhang Yida nodded, and said: "A short video platform with 1 billion active users and 2 billion monthly active users in the world, do you think it can compete with Facebook and YouTube?