"Although the volume of Ruimin Wealth Management is only 80% of that of Yimin Netfinance, the business growth rate is more than 20% faster than that of Yimin Netfinance.

The current market value of Yimin Netgold is $5.5 billion, and Ruimin Financial Management estimates it at $5 billion, which is not excessive!"

Wei Meng, senior investment manager of DCM Capital, said with a smile: "Mr. Zhang, you are joking again. According to your valuation method, I am afraid that venture capital companies will not be able to operate. ”

Zhang Yida smiled and didn't answer. He naturally knew that Ruimin Financial Management could not estimate 5 billion US dollars, and the reason why he threw this price out was to test the other party's investment intentions.

Wei Meng is Fang Yuhan's former colleague, and the two have some friendship, and today Fang Yuhan invited the other party to come over to participate in the A round of financing of Ruimin Wealth Management.

Because he didn't understand this Wei Meng, Zhang Yida was not ready to waste time and test the other party first.

Ruimin Wealth Management is backed by Huimin Bicycle, and its development is very rapid, and it is estimated that it will not be long before the volume will surpass Yimin Net Finance.

Therefore, the A round of financing of Ruimin Wealth Management is different from that of ordinary start-up companies, and the financing scale will be much larger.

When the scale of financing is large, it is easy to disagree. Zhang Yida hates wasting his time on ripping off the skin.

Everyone shows the carriage and horses, talks when they can talk, and does not waste each other's time and energy if they can't talk.

Fang Yuhan said to Wei Meng: "Mengmeng, tell me about your offer!"

"The development of Ruimin Financial Management is too dependent on Huimin Bicycle, I read your cooperation contract, and 75% of the operating profit is distributed to Huimin Bicycle.

Ruimin Wealth Management expects a net profit of up to 200 million yuan in 15 years, with a pre-investment valuation of 4 billion yuan at 20 times PE.

Mr. Zhang, how about it? If it is appropriate, we can finalize it now. ”

Wei Meng is not a good stubble, and soon found the defect of Ruimin Finance, that is, the business is too dependent on Huimin Bicycle, and the net profit margin is also very low.

Zhang Yida also knew the "causal relationship" and adjusted too many profits to Huimin Bicycle, and the valuation of Ruimin Wealth Management was pulled down.

"The low net profit is mainly due to the fact that Ruimin Wealth Management has not been doing direct business. We are now dabbling in small and micro enterprise lending.

After the asset side is established, the net profit margin can be improved. ”

Zhang Yida tried to refute that the valuation of 4 billion yuan, in his opinion, was still too low and far from his expectations.

"But the current situation is that the asset side of Ruimin has not yet been established.

Therefore, we at DCM can only give this offer.

I hope Mr. Zhang can understand!"

"Okay! That's it for today! We'll talk about it internally. ”

Zhang Yida asked Fang Yuhan to send off the guests, and sat in the office by himself and began to think.

"Yuhan, don't send it, I'll go downstairs by myself!"

At the elevator door, Wei Meng said to Fang Yuhan.

"Okay, let's have dinner together another day. You've had a hard time running today. ”

Fang Yuhan nodded and said apologetically. She knows Zhang Yida very well, and this investment is basically yellow.

"It's fine. Disagreements are inevitable. Wei Meng acted indifferently, and said:

"Let's be honest! The contract you signed with Huimin Bicycle is too obvious.

Even if I reach an investment intention with you, I may not be sure to convince the investment committee. ”

Fang Yuhan was a little embarrassed, adjusting more profits to Huimin Bicycle, which was specially requested by Zhang Yida, and now that it has been exposed, it is indeed quite embarrassing. Hurry up and say:

"Mengmeng, listen to me. In fact, in addition to this, Ruimin Wealth Management is still very good in other situations, such as user activity and business growth ......"

"Mm-hmm, I get it. The elevator came, went first. ”

Wei Meng waved at Fang Yuhan, turned around and entered the elevator.

"Mr. Zhang, we have signed an "unequal treaty" with Huimin Bicycle! Now the valuation and financing have been significantly affected. What should I do?"

After sending Wei Meng off, Fang Yuhan returned to the office and sighed beside Zhang Yida all the time.

"Hey, it's okay!

Zhang Yida thought of a good way and said: "That's it! I'll let Yimin Netfinance invest in Ruimin Wealth Management." ”

"What about valuation?" Fang Yuhan asked.

"According to the pre-investment valuation of 900 million US dollars, invest 100 million US dollars in Swiss Wealth Management. ”

Counting the $800 million raised from the listing, Yimin Netfinance has more than $1 billion in cash.

With so much money, I am worried about spending it, and investing in Ruimin Wealth Management cannot be regarded as without investment logic, which is called the layout of the upstream and downstream industrial chain.

Of course, the SEC is not a vegetarian. Zhang Yida didn't dare to mess around, valuing Ruimin Financial Management too high.

It was originally related party financing, but if it is more outrageous, I am afraid that it will be sued by institutional investors.

Ruimin Wealth Management is incubated from the earliest Yimin Wealth Management, in addition to Zhang Yida, Fan Hongyang and Ding Siyao, Zhenke Fund, and Black Shirt Capital also have shares in it.

After the completion of the financing, the shares are changed to:

Zhang Yida: 64.8%

Fan Hongyang: 4.05%

Ding Siyao: 4.05%

Option Pool: 8.1%

Blackshirt Capital: 7.2%

Zhenke Fund: 1.8%

Yimin Net Gold: 10%

Because Zhang Yida holds 47.51% of the shares of Yimin Netfinance, it is equivalent to an indirect shareholding of 4.751% of Ruimin Wealth Management, counting 64.8% of the direct shares, and the total shareholding is close to 70%.

At the same time, Ruimin Wealth Management has also become the fifth unicorn in Zhang Yida's industry: after Ruixiang Jinke, Huimin Travel, Yimin Wangjin, and Pindodo.

Because it has not been publicly funded, it is not considered a unicorn.

......

"Congratulations to Mr. Zhang! There is another unicorn under its banner. ”

Zhang Yida glanced at Ding Siyao and said:

"You are also a shareholder, do I have to congratulate you too!"

Ding Siyao laughed and said, "Okay! It's rare to see you patting on the back, so hurry up and take a look." ”

"Congratulations to Mr. Ding, his worth has risen by another 40 million dollars, and he is one step closer to the dream of a billionaire woman. ”

"Billionaire woman, haha, it's still far away. ”

"It's not far away, when Yimin Wealth and Yimin Loan, Ruimin Wealth Management are listed, it's almost there. ”

As a veteran entrepreneur, Ding Siyao has shares in several other "Yimin family" companies, except for the shares of Huinong Loan, which were replaced by shares of Yimin Wealth.

"Mr. Zhang, who will be promoted to go public next?"

Ding Siyao asked.

Zhang Yida knew that she was asking about these companies in the Yimin department, and said: "You and Yimin Loan have both entered a full profit, so let's prepare to go public next year!"

Ding Siyao smiled bitterly and said, "Then we may have to drag our feet." The profit margins of the wealth management industry are not as high as those of the lending industry. ”

Zhang Yida asked: "Is there any hope for a net profit of 200 million yuan this year?"

Ding Siyao thought for a while and said, "There should be hope for hard work." ”

Zhang Yida frowned a little, this net profit, according to 30 times PE, will be 6 billion yuan in market value, and he has just touched the threshold of unicorns.

This volume can't satisfy Zhang Yida, he continued: "You look for one or two peers in the wealth management industry, and make a wave of mergers and acquisitions before going public, so as to make profits." ”

Ding Siyao shook her head and did not approve of Zhang Yida's plan, she explained: "The wealth management industry is mixed, and it is not easy to find clean assets.

With this spare time, we might as well carry out more business layout. ”

"What layout?" Zhang Yida asked.

Ding Siyao said slowly: "Yimin Wealth currently has multiple business lines such as fund sales, high-end insurance brokerage, overseas asset allocation, and high-end education.

But these businesses are not particularly high-end!

I want to start a "family office" business!"

"Family office? The national conditions are different, and the business is not easy to develop!"

Zhang Yida knows that this family office is basically dedicated to serving billionaires.

The family office originated from the "Domus" (head of the family) in ancient Rome and the "Domo" (chief steward) in the Middle Ages.

In 1882, John F. D. Rockefeller established the first family office in modern times.

Family offices provide a variety of professional management consulting and operational services from the perspective of wealthy families, including: lawyers, certified public accountants, investment managers, stockbrokers, insurance agents, banks, and independent trust entities.

The responsibilities of the family "assistant" are also taken up by the family office, and services such as planning the education of family descendants, considering family security, charitable arrangements, and estate planning also belong to the scope of family office services.

A private bank can take care of your net worth of $1 million, but a family office can take care of your net worth of more than $100 million.

Private banks have become the main financial institutions for wealthy people in the mainland, but they do not make the service perfect, and in Europe and the United States, family offices are the best choice for the rich and the super-rich.

"It doesn't matter. I've found a breakthrough in my business!"

Ding Siyao looked confident.

"You mean, you've already found a client?"

The threshold for a family office is a net worth of 100 million US dollars, and Yimin Wealth has also been developing for two years, and there are three or five such customers, and Zhang Yida also thinks it is quite normal.

"Yes, you've got a good client. Ding Siyao's eyes kept on Zhang Yida.

Zhang Yida felt that his gaze was strange, and said, "You, you won't mean me!"

Ding Siyao nodded and said with a smile: "You are the chairman, of course lead by example!"

You are a super-rich person yourself, and it should be easy for you to open the market by doing the case. ”

Zhang Yida was dumbfounded, quickly shook his head, and said, "No." I haven't even gotten married yet! This is all about family wealth planning and wealth inheritance. ”

"Mr. Zhang, you listen to me first. Your career is getting bigger and bigger, and you need a "team of butlers" to help you.

Think about it, if you are all taken down, will Lin Zhenyang and Fan Hongyang follow suit?

These partners alone can basically support the basic business of my family office. ”

Zhang Yida felt that Ding Siyao had changed a lot, and she was still a simple girl before.

Now that I am a CEO and have studied for an MBA, I have learned to kill well.

"I'll think about it!"

Ding Siyao was not surprised at all by Zhang Yida's reaction.

Tens of billions of dollars in assets are handed over to others to take care of, and it is indeed not so easy to make a decision.