"Mr. Zhang, the school has been revised, and the alumni network and short videos have been put into the first-level page.

Instant messaging, as you might expect, faded after the heat passed. ”

Xun Mi let out a long sigh, "The foundation of the penguin is still unbreakable!"

So we can only put instant messaging into the secondary page, and no longer use it as the main function......"

Zhang Yida nodded, "That's all there is to it, let's try to do a good job of the alumni network and short videos." ”

Xun Mi said with a smile: "There is also good news that there are more than 25 million registered users of Xuemeng, of which the users of college students have exceeded those who have graduated for the first time, reaching 13 million."

This number has basically covered half of the college students. ”

"Ah, covering half of the college students so quickly?"

Seeing that Zhang Yida was a little surprised, Xun Mi explained: "This is thanks to the original Miao Installment, Le Installment, and Gaomeng's local push partners, which are very powerful."

In addition, campus current affairs and campus dating are still very attractive to college students. Once word of mouth is formed, it grows very quickly. ”

Judging from this situation, the growth of the "campus version" of school will slow down in the future. We're going to have to do something to get some excitement. ”

Zhang Yida suddenly remembered the U25 elite list agreed with Hurun, and specially asked how the preparations were going.

"It can only be postponed, and the university is already on winter vacation. ”

Xun Mi smiled bitterly, he was as busy as a spinning top during this time, and he really didn't care about the selection activities that Zhang Yida said.

Zhang Yida hasn't been to school for a long time, and he doesn't even feel like it's winter vacation.

However, he also knew that it was too late, so he said: "Okay, postpone it for now, and then continue to prepare after the New Year." ”

"By the way, how is the school cute of the "workplace version"? I don't think the growth is as good as the "campus version"?"

Xun Mi nodded, "That's right, our operations team has also noticed this problem."

According to our analysis, there should be the following reasons.

First, college graduates have entered the workforce, and their time and energy are limited;

Second, the software is not utilitarian enough, and the functions and content are not attractive enough;

Third, the publicity and promotion efforts are not enough, and many users do not know that there is such a software.

In response to these problems, we have already been developing workplace social and news aggregation information flow functions according to your instructions, and it is expected to be completed in the next few days.

But these two features can only solve the second problem.

For users, the workplace networking section can help them broaden their network.

In the news aggregation sector, we have reached cooperation with nearly 100 high-quality new media such as 36Kr.

They will provide high-quality news content in a wide range of fields, including venture capital, finance, technology, fashion, sports, and more. ”

"You have to pay attention to this, you must screen it well, and you can't let those indiscriminate media mix in.

Especially those headline parties, entertainment gossip, and nonsense, resolutely resist.

Our news can be small, but it must be the essence and have something to say. ”

The workplace version of the school cute is aimed at the working crowd, and Zhang Yida is afraid that the unprofessional media will get in, which will lower the style of the school cute.

Today's headlines have their own rules of survival, and the school Meng is different, learning him will definitely die.

Xun Mi smiled: "Toutiao is also caused by the commercialization, and the commercialization of any product will definitely cause a decline in user experience."

Mr. Zhang, don't worry! I understand what you mean, it is to attract users with high-quality content. ”

"By the way, Mr. Zhang, regarding the recruitment section and the enterprise account, when will we open?"

"There's no rush to monetize. ”

Zhang Yida waved his hand and smiled, "It's too early to talk about this, the top priority is to circle our 100 million target users, and how many circles can be circled."

It's not the end of the circle, but also to keep users active with high-quality content. ”

"Well, I do have to raise it again. ”

Xun Mi smiled again and said: "Mr. Zhang, do you have to add some more budget? At present, Xiaomeng has laid a good foundation, and it is a good time to take advantage of the victory to pursue." ”

"You can add it, but I prefer that school moe relies on word-of-mouth to attract new users.

The example of station B is very vivid, and the spontaneous users are the most sticky and active. ”

Xun Mi nodded, "I will definitely work hard in this direction!"

"I heard that the short videos on the school are very popular with college boys?"

Xun Mi smiled "hehe", a look that you know!

The short videos on the school are different from the jitter, and there is an advantage, that is, you can choose to only brush the short videos of the school, and then you can also see the real-name information opened by some girls.

......

"Didi, Jinshahe Venture Capital, and Jingwei Global want to sell the shares of Huimin Travel?"

Huang Xiaofeng suddenly informed Zhang Yida of the news, and the latter was also stunned.

Didi wants to quit, but Zhang Yida still makes sense. Why is Jinsha River and Jingwei Global?

According to the agreement, Zhang Yida, as the founder, had the right of first refusal to repurchase shares, but he gave up exercising the right.

Just kidding, I can't even open the pot, how can I have the money to take their shares.

However, the three shareholders had already taken countermeasures, and Zhang Yida did not have rights, so they chose to sell their shares to SoftBank.

Jinshahe Venture Capital and Jingwei Global each hold a 4.38% stake in Huimin Travel, while Didi holds a 1.82% stake in Huimin Travel.

The three shares add up to a total of 10.58%, all of which were eaten by SoftBank.

After losing the B+ round of VAM, SoftBank transferred 1.315% of its shares to the management of Huimin Travel free of charge, and its shareholding ratio dropped to 4.16%.

After eating the shares transferred by the three shareholders, the shareholding ratio will reach 14.74%.

It surpasses Black Shirt Capital, which holds 8.76% of the shares, and Penguin, which holds 10.4% of the shares, and is second only to Zhang Yida, who holds 30.57% of the shares, and ranks the second largest shareholder of the company.

In addition, there are two companies with a higher shareholding ratio, Ruixiang Industrial Investment Fund and CITIC Industrial Investment Fund each holding 5% of the shares.

After completing the procedures for the transfer of shares and the completion of the change of shares, SoftBank requested a reconvening of the board of directors.

They put forward several demands, in addition to asking for more board seats, the most important one is to ask Huimin Travel to achieve profitability as soon as possible.

Huimin Mobility completed a $1 billion Series C financing in April last year, which directly spent nearly $250 million after completing the purchase of 3 million bicycles and trucks from various dispatching and operation centers.

After the aggregation ride-hailing and ride-hailing business was launched, nearly 100 million US dollars were subsidized.

The cash loss of the bike-sharing business, excluding the depreciation of bicycles and trucks, was RMB70 million per quarter.

In addition, Huimin Travel is also saddled with a $1 billion equity pledge loan, which needs to be repaid with $1,500 in interest every quarter.

However, this part of the interest is offset by investment income, and there is even a surplus.

After getting the investment of 1 billion US dollars, Huimin Travel invested 700 million US dollars in Yimin Net Finance Company.

According to the financial model and financial planning of Huimin Travel, Yimin Netfinance made an exclusive financial plan for them.

This financial plan can be regarded as a P2P product.

On the wealth management side, Huimin Travel is located, with a loan amount of 700 million US dollars;

On the loan side, there are more than 500,000 borrowers, with an average borrowing of less than 10,000, which is small enough to disperse.

Long-term, medium- and short-term borrowings are available, taking into account profitability and liquidity.

In other words, Huimin Travel has a need for funds, so you can come to Yimin Network Finance to withdraw some of the funds.

If not, the money will be lent out to generate income.

The interest rate offered by Yimin Netfinance is not low, with an annual interest rate of 10%, and at the same time provides a back-up guarantee for this $700 million loan.

The shareholders of Huimin Travel naturally have no opinion, and Yimin Netgold is not a leather bag company, a company with a market value of tens of billions of US dollars, how can it be said that it will collapse.

Moreover, Huimin Travel has also dispatched a monitoring team to Yimin Net Finance to supervise and spot check the flow of funds and the loan asset package at any time.

Therefore, the borrowing income of 700 million US dollars not only perfectly covers the interest of the 1 billion loan, but even slightly remains.

But with the passage of time, this year, Huimin Travel's deposit in Yimin Netfinance is only 600 million US dollars, and the annual income of 60 million is just the same as the interest on the loan.

If Huimin Travel continues to spend like this, it is estimated that the income will not be able to cover the interest.

US$1 billion equity-pledged loan with a maturity date of three years and a maturity date of July 2018.

A year and a half have passed, and Huimin Travel is still close to positive cash flow, let alone revenue balance including bicycle depreciation.

As for overall profitability, I don't know if it's the Year of the Monkey.

However, with the aggregation of taxis and hitchhiking slowly opening up the market, there is a net profit of 300 million yuan a year, which will also allow Huimin Travel to generate positive cash flow.

SoftBank is not too pessimistic about Huimin travel.

Because they're playing a big game.

......

Didi invested $50 million in Huimin Travel in March '15, and in two years, the exit return was $54.6 million!

The annual ROI is 4.6%!

Looking at the contract and report that the assistant got back, Chen Wei was angry.

Malegobi, Lao Tzu Deposit Bank's large-amount certificates of deposit have caught up with this yield.

And this income has to be taxed, and there are only two taxes paid.

Chen Wei actually wants Zhang Yida to reclaim the 1.82% stake in his hand at a valuation of $6 billion.

But Zhang Yida refused, so he found SoftBank again.

SoftBank agreed to take over the stake, but at a low price, valued at $3 billion.

Chen Wei thought about it for a while, and finally decided to pinch his nose and admit it.

"Mr. Chen!"

The assistant led a man in a suit in his fifties into Chen Wei's office, and the latter shouted with a smile.

"Oh, Mr. Xue is here, please take a seat. ”

Chen Wei beckoned the guests to sit down, and asked the assistant to serve two drinks.

Mr. Xue wears glasses and looks elegant.

His real name is Xue Cunhe, and he was one of the founders of UTStarcom in his early years, and later founded SoftBank China in 2000 and has served as the managing partner ever since.

Jack Ma received $20 million investment from SoftBank in 6 minutes, but the real version is far from that.

In '99, Son came to China to inspect the project, giving each person a chance to present his project and giving them six minutes to present his project.

After the statement at that time, Jackma's team only received the initial approval of Masayoshi Son and his investment team, and did not make a decision on the spot to vote for him.

Xue Cunhe was in charge of the due diligence of Ahri at the time, and after returning from the investigation, Xue submitted a report to the headquarters of SoftBank in Japan, saying that it was strongly recommended that only Ma Yun and his family should be voted for.

At that time, there were four major B2B e-commerce companies in China: MeetChina, 8848, Sparkice, and Ahri Baba.

Before Son's visit to China, Sparkice's founder, Zeng Qiang, had met Son in Japan, and Son promised him that SoftBank would invest in Sparkice.

Xue Cunhe supported Ahri Baba, believing that Jackma and his team were more reliable and credible, while Zeng Qiang, the leader of another project, was "too good at blowing".

With strong support from Xue and several other SoftBank China investment managers, Mr. Son halted his engagement with Sparkice.

And in January 2000, more than two months after the "6 minutes" statement, Son invited Jackma to Japan and directly proposed his decision to invest in Ahriba.

For this legendary boss, Chen Wei is still full of respect.

"Mr. Chen, Didi's strategic financing of 5.5 billion US dollars, our SoftBank has preliminarily determined the investment intention. ”

Chen Wei's face was overjoyed, and he heard Xue Cunhe continue: "But we have one condition. ”