Looking at the articles that praise Ruixiang and implicitly belittled Ahri and penguins, the most disappointing thing is Erma.

Both of them have not yet exceeded the market value of 600 billion US dollars, how can they be sharp

Even the official media praised Ruixiang for the first time, praising Ruixiang for its courage to open up overseas markets, open up the situation with innovative products, and enter the world stage, which is the leader of the digital era and an outstanding example of "enterprises going global".

The ordinary media is even more exaggerated, and Zhang Yida has been given the title of "Son of the Times".

With the addition of various halos and glory titles, some users began to reflect on themselves, whether they had any misunderstandings about Pindodo

The market value of the parent company has stepped on Ahri and Penguin, and what qualifications do you have to look down on each other

Or, buy a spell and try it

The market value is five trillion, and the subsidy of 10 billion yuan is not a drizzle, it should be genuine

As a result, many users who don't buy Douduo began to enter the pit for the first time.

After buying, whether to scold "Damn, fakes can be sold to become the richest man" or "really fragrant" varies from person to person.

Ruixiang's listing, in addition to bringing brand endorsement to Pindodo, has many benefits.

Customers, partners, and users all have subtle psychological changes.

It's just that these changes, the potential benefits, will take time to manifest themselves one by one.

A week later, Ruixiang's stock price finally stabilized.

The closing price of Hong Kong stocks was 2,847 Hong Kong dollars, an increase of 212 from the issue price, with a total market value of 2,182.8 billion Hong Kong dollars, about 278.3 billion US dollars;

The closing price of A-shares was 3,531 yuan, up 65 from the issue price, with a total market value of 1,353.4 billion yuan, or about 189.8 billion US dollars.

The combination of the two also has a market value of $468.1 billion, which is very close to Penguin, and is still tens of billions of dollars short of Ahri, which has exceeded $500 billion in market value.

In addition, the market value of Ruixiang is relatively deformed.

Like most AH-share listed companies, the share price of Ruixiang A-shares is much higher than that of Hong Kong stocks.

On the one hand, the price-earnings ratio of mainland exchanges is relatively high, and the market is not mature enough, and on the other hand, mainlanders are more optimistic about mainland enterprises.

Ruixiang's total share capital of 11.5 billion yuan is split into two parts, one-third of which is on the Science and Technology Innovation Board and two-thirds is on the Hong Kong Stock Exchange.

If the total market value is calculated, it is generally the total share capital of A shares multiplied by the stock price, plus the total share capital of Hong Kong stocks multiplied by the stock price, which is the final figure.

If the stock price of Hong Kong stocks is taken as a unified standard, multiplied by the total share capital of Ruixiang of 11.5 billion, the market value of Ruixiang is only 3,274 billion, equivalent to 417.5 billion US dollars.

This data is tens of billions of penguins and more than 100 billion of Ahri.

As a reference, everyone agrees with the valuation of Hong Kong stocks.

Because of the new opening of the Science and Technology Innovation Board, there is no limit to the increase in the first five trading days, and the stock price of new shares will increase several times at every turn.

Ruixiang is too large, although the stock price has not doubled several times, but it has more than doubled on the first day of listing, which is still strange and scary.

There are also some critical voices, mainly aimed at the science and technology innovation board, saying that there are deficiencies and efforts are needed.

After Ruixiang went public, a group of shareholders, including Zhang Yida, diluted nearly 10 shares.

Zhang Yida's three shareholding platforms, Yanhuang Investment as a family office holds 4127 shares;

Family Trust Holds 083 Shares;

The third phase of Ruixiang Industrial Investment Fund has withdrawn, not directly selling shares, but distributing the equity to investors and Ruixiang shareholders as fund managers.

Zhang Yida, as a major shareholder, was given 012 shares.

Combined, a total of 4222 shares.

In addition, when Ruixiang and Zhonghe merged, they also signed a two-way gambling agreement.

At that time, the two companies were merged on a 1-for-1 share exchange ratio.

At this time, excluding the companies acquired later, the revenue and potential of the e-commerce, short video and other businesses included by Zhonghe have exceeded the financial technology business.

According to the agreement, after the end of fiscal year 2020, the share exchange ratio of the shareholders of Ruixiang and Zhonghe will be redivided.

The net profit of the fintech business is multiplied by the 27 times price-to-earnings ratio to calculate the valuation of Yuanruixiang.

Zhonghe's short video, games, e-commerce and other businesses are multiplied by a 95 times price-to-sales ratio to calculate the original Zhonghe valuation.

Then compare the valuations of the two, and the original Rui or the original Zhonghe shareholders take out a part of the equity to subsidize the other shareholder.

The gambling has been going on for almost two years, and as long as you are not blind, you can basically see that Yuan Rui is going to lose to the investors on one side.

Roughly guessing, it is estimated that Yuan Rui can only exchange 2 shares for 1 share.

According to this calculation, Zhang Yida can probably increase his shareholding by about 4 points.

At its current market capitalization, this is a fortune worth more than $16 billion.

And Zhang Yida's holdings can once again approach the 50 level

The Forbes real-time rich list shows that Zhang Yida is worth $200 billion, a big cut above Bezos, who is in second place.

Compared with the value of $300 billion a week ago, it has shrunk by $1,000, mainly because the market value of Ruixiang has fallen from more than $600 billion to more than $400 billion.

Jackma and Boniema, both of them are worth less than $100 billion combined, less than half of Zhang Yida's worth.

This naturally also caused heated discussions among the people about why Zhang Yida has such a high value

The conclusion is simple, Jackma and Boniema both hold less than 10 shares in the company, while Zhang Yida holds more than 40% of the shares.

was ridiculed by netizens: This is a real big boss, not working for capital

Ding Sanshi's shareholding in NetEase is actually similar to Zhang Yida, but NetEase's market value is less than one-tenth of Ruixiang's.

Holding such a large fortune is both a good thing and a bad thing.

After Zhang Yida was interviewed, he said that he would spend 10% of his personal wealth on public welfare.

And Zhang Yida soon put it into action, and Zhang Yida Public Welfare Foundation announced that it had obtained 4127 shares transferred by Yanhuang Investment.

In terms of market capitalization, the equity value of these four points is close to $20 billion.

The public welfare foundation holds these shares, which is equivalent to a reservoir, and a part of the water poured into it is used for public welfare every year.

It is equivalent to not moving the principal and using the proceeds to do various public welfare undertakings.

This is the practice of many foundations in Europe and the United States

What's more, children's education and various expenses are also included in the daily operation expenses of the foundation.

While making a name for yourself, you can also avoid high inheritance taxes through foundations.

Zhang Yida did not exaggerate so much, but operated the foundation as a long-term career.

I pledged part of the 4127 shares, took out a loan, and invested it in Huayi Capital and Yanhuang Investment, and used it to make various investments in securities and equity.

When the foundation generates income, it will slowly use the income to do public welfare.

This is also to avoid the tragedy of only releasing water, not storing water, and completely draining the water.

Zhang Yida hopes that this public welfare foundation can exist for a long time, and it is best that after his death, his children and grandchildren can continue to operate.

Unable to use the foundation's money for the time being, Zhang Yida donated 6.6 billion yuan to Jingcheng University in the name of himself and Zhao Erya, which is the same as the donation figure for the 120th anniversary of Jingcheng University last year.

In addition, Zhang Yida also donated more than one billion yuan to more than 10 science and engineering colleges and universities such as Harbin Institute of Technology, University of Electronic Science and Technology, and Northwest Polytechnic University, with 100 million yuan for each school, and the sun is shining.

In the future, he will make additions based on the performance of each university.

The specific reference is: how many talents have entered Ruixiang, or how many talents have entered the military industry, national defense industry, and so on.

Sure enough, after more than 200 million yuan was spent, there were many fewer topics on the Internet about "how much Zhang Yida has donated" and "how much public welfare Zhang Yida has done".

Zhang Yida has finally returned to a normal life, and everyone no longer discusses how much money he has and what contributions he has made to the country.