The due diligence on Kuaishou's side has also been completed, and there are basically no major problems.

Due diligence is also about the number of Kuaishou users, financial data, contract agreements, intellectual property rights, and so on.

There is also the most important asset - employees, Su Hua has also been appeased.

Zhonghe Group's acquisition of Kuaishou is not to buy an empty shell, and those employees of Kuaishou are also very valued by Zhang Yida.

If a large number of employees leave and someone from Zhonghe Group takes over, it will inevitably be in a hurry, and it may also cause great fluctuations in performance.

After everything was confirmed, Zhang Yida and Su Hua signed the company's acquisition agreement on behalf of their respective companies.

Since then, Kuaishou has officially changed hands to Zhonghe Group!

Kuaishou's brand continued to be retained and became a wholly-owned subsidiary of Zhonghe Group.

The reason for this arrangement is also to take into account the different content tones of the two short video platforms.

If you forcibly fuse, it will backfire!

Two short video platforms, one will focus on first- and second-tier cities, and the other will focus on third- and fourth-tier cities and rural markets.

Playing from both ends to the middle is enough to sweep the entire Chinese market and wipe out all users.

When the market is fully covered, the content tonality gap is not so big, and merging into one is a matter of course.

After signing, Zhang Yida shook Su Hua's hand with a smile, "Welcome to join the Zhonghe family!"

"Thank you!"

Su Hua smiled, "Thank you Mr. Zhang for your attention and work together for the goal of the world's first short video platform!"

Su Hua's role state entered very quickly, from the CEO of Kuaishou to the president of the short video business group of Zhonghe Group, the third-in-command.

He didn't have any resentment and dissatisfaction, he knew that Zhang Yida had already used himself very much.

In general, the CEO of the acquired company is given a seemingly high position, but in fact he has no real power.

When the acquisition target is digested and the rights are smoothly transitioned, you should retire with honor!

There is also a reason why Zhang Yida arranged it this way.

Su Hua is a capable person, there is no doubt about this, otherwise Kuaishou would not be able to get to today.

Even if Kuaishou sells himself, he will sell it at a sky-high price of $10 billion, which has surpassed nine out of nine entrepreneurs in the world.

As for loyalty, it is difficult for employees of modern companies to say.

Generally, companies use high salaries, equity, and options to retain talents.

Zhonghe Group acquired Kuaishou, and in addition to giving $2 billion in cash, it also issued an additional 10% stake to Kuaishou shareholders.

Su Hua owns a 20.42% stake in Kuaishou, and in addition to receiving more than $400 million in cash, it also acquired a 2.042% stake in Zhonghe Group.

With a shareholding ratio of more than 2%, Zhonghe Group is the largest individual shareholder except Zhang Yida.

Therefore, he Suhua is also one of the many bosses of Zhonghe Group.

If you work for yourself, you should be motivated!

In addition, Su Hua also has great ambitions.

More than 400 million US dollars in cash has indeed made him worry about food and clothing for the rest of his life.

But that alone doesn't make him a great entrepreneur.

Zhang Yida's grand blueprint for the world's largest short video platform still makes him reverie.

He decided to follow Zhang Yida to do it.

After bringing short video to the world's No. 1 position, and at the same time making Zhonghe Group the world's top technology company, he will consider pursuing his next dream.

Anyway, he is still young, and he can't compare with Zhang Yida, but he is also a post-80s generation, and the rest of his life is long, and there is time.

Zhang Yida still took care of Su Hua's spiritual enjoyment, and gave Su Hua the title of co-founder of Zhonghe Group.

This title of co-founder was first owned by a group of friends who made products from scratch.

Later, in order to introduce talents, it was slowly played by start-up companies.

The company has been round A and round B, and the introduction of a CFO, in addition to the shares, also gave An the title of co-founder.

It's just a title, Zhang Yida has nothing to be reluctant to.

His purpose is to use this title to give Su Hua a sense of belonging to Zhonghe Group.

Su Hua wanted to resign at the earliest, he felt that the predecessors of Zhonghe Group, Doushi and Pinduoduo, had been born for more than two years, and he joined at this time, where could he still be called a co-founder?

With this title, he Su Hua walked out, who doesn't know the details!

But Zhang Yida told him that Zhonghe Group has always been on the road of entrepreneurship, and partners who have made significant contributions to the company can become co-founders.

After the merger of Zhonghe Group and Kuaishou, it started a second venture.

So there's nothing wrong with your co-founder title.

Su Hua thought about it, it was just a title, and it was nothing to wear it himself.

Letting Kuaishou merge with Zhonghe Group can indeed be called a solution to the other party's big troubles, and it has made an outstanding contribution to Zhonghe Group, and it deserves this courtesy.

Moreover, he is not the co-founder of the light board, but the second largest individual shareholder of Zhonghe Group, with an equity value of more than 10 billion yuan.

In addition to Su Hua, Chen Yixiao and other three original GIF Kuaishou founders also made a lot of profits.

Chen Yixiao also received about $300 million in cash, plus about 1.5% of Zhonghe Group's equity.

In addition, he also entered Sweet Potato Video as a CTO.

Yinxin and Yang Yuanxi each received $40 to 50 million in cash, plus 0.2%-0.3% of Zhonghe Group's equity.

The two people who are free of wealth have chosen to quit.

Zhang Yida also let them and gave them a position as a senior consultant of Zhonghe Group.

After a while, after the handover, the two will completely withdraw from Kuaishou and Zhonghe Group.

Of course, the equity of Zhonghe Group is still retained. The two of them became rich men and enjoyed life.

The Kuaishou equity of Blackshirt Capital, Penguin, Ruixiang Phase I Industrial Fund, and Qiandu has also been replaced by the equity of Zhonghe Group.

Penguin's shareholding has decreased from 14.5% before the merger to 14.45%.

Because Penguin's shareholding in Kuaishou is not high, only 14%, and not all of them have been exchanged, only 80% of them have been exchanged.

In the other 20%, Penguin got a cash return of $280 million, almost getting back the $350 million capital invested in Kuaishou.

Ruixiang's shareholding in Zhonghe is 3.006% of the third phase of the fund and 0.38% of the first phase of the fund.

Zhang Yida's personal shareholding in Zhonghe Group fell to 56.46%.

Zhonghe Group acquired Kuaishou at a sky-high price of $10 billion, and this news was also shocking.

Many people say that it is not worth it, and it is a loss.

Some people in the industry believe that there is no loss at all, and Zhonghe Group will dominate the short video track alone in the future, and it is difficult to meet opponents in China, and this merger and acquisition strategy is of great significance.

I didn't finish one melon, and the other melon came again.

Ruixiang Digital Technology Group announced the completion of a $6,666.6 million Series E financing, breaking the global record of $4.5 billion in a single round of financing set by Leech Financial.

The valuation of Ruixiang Group has reached 66.6666 billion US dollars, which is no longer far from the 75 billion US dollar valuation of Leech Financial Services.

Many netizens felt that this number was too ingenious, and they came to Ruixiang's official Weibo and official Douyin to comment.

"Ruixiang, 666666!"

"Mighty and domineering, 6 get a batch!"

"Forward this Weibo/Shake TV, you will go all the way to the end of 6 this year!"

......

Because of this auspicious number, Ruixiang also appeared on the hot search on Weibo.

But it didn't take long for Weibo to be taken down.

In response to this stinginess, Zhang Yida angrily posted a news on Weibo, questioning Weibo's "fair and neutral" platform positioning.

This is no longer the original Weibo, under the coercion of capital, she has become selfish and rancid......

It is recommended that everyone play Doushi or Kuaishou, there are the most fun and novel short videos. ”

Not long after this Weibo was posted, Zhang Yida's account was frozen.

Including the Weibo that was sent, it was also harmonized out.

But public opinion is already fermenting, and many netizens have seen Zhang Yida's voice and questioning.

Toutiao, public accounts, and Doushi are self-media that are not manageable by Weibo, and they have written articles to express their opinions on this matter.

"Mr. Zhang Yida's voice allows us to see the hegemony of Weibo and the direction of the buttocks.

Even a top entrepreneur with two super unicorns and a total valuation of more than 100 billion yuan has suffered unfair treatment.

What about ordinary people?

......”

The opposite side has such a view.

Zhang Yida is floating, no longer the boy he used to be......

Relying on his own two super unicorn companies, he openly slandered his peers, and then shamelessly promoted his own products......

Zhang Yida, please keep a low profile, you are not the head of the third largest Internet company......"

The topic is crooked at this point, and people realize a very important problem.

Who is the 3rd largest internet company?

Thousands of degrees of old age, leech gold clothes are in full swing, Didi is attacking from all sides, Zhonghe Group has swept the world, and Ruixiang Group is ...... US$66,666,666,000, 9 6 ......

Since Qiandu fell behind and the mobile Internet giant grew up, there has been no shortage of controversies in the industry about the ownership of the title of the third largest Internet company.

With the completion of huge financing by Leech Financial, Didi, Zhonghe, and Ruixiang, this controversy has been pushed to a climax.

Every netizen wanted to prove his point of view right, and put out various data on the company he supported.

"There are banks, insurance, and funds...... More than a dozen financial licenses. ”

"I'm sorry, Ruixiang has one more consumer finance than you. ”

"I laugh but don't say anything, I have a daily order of 30 million. ”

"Zhonghe Group, I am the most successful in globalization, and hundreds of millions of foreigners are playing short videos, do you have them?"

......

Zhonghe Group's valuation was also at the forefront of discussions.

According to public financing data, Zhonghe Group's post-investment valuation is only $40 billion.

Then another $500 million acquired Xiaomeng, and $10 billion acquired Kuaishou.

A few months later, most people believe that Zhonghe Group is valued at no more than $55 billion.

After the acquisition of Huimin Travel, Didi completed a huge round of financing of $5.5 billion in the first half of the year, with a valuation of $60 billion.

So the order of most people is like this: Leech Financial Services $75 billion> Ruixiang Digital Technology $66.6 billion> Didi Travel $60 billion> Zhonghe Group $55 billion.

Zhang Yida's supporters were angry and put forward a new point of view: Ruixiang merged with Zhonghe Group, with a valuation of more than $120 billion!

No one spoke now, because there is really no obstacle to the merger of Ruixiang and Zhonghe Group, and they are all the same major shareholders.

Can Leech Gold be merged with Ahri? It was because of this incident that it was torn apart back then, and SoftBank was afraid that it would be desperate, but the key was that Jack Ma was willing to do it?

With the help of the big moves of Ruixiang and Zhonghe, as well as the tearing up with Weibo, Zhang Yida and the two companies are in the limelight.

While winning countless applause and praise, it was also noticed by countless snooping eyes.