In fact, developed countries have basically entered. There are only four Asian tigers left, and they are almost firmly established in South Korea.

Ben is also entering as planned, and the markets of Hong Kong, Taiwan and Singapore are not large, so they can land at one time. ”

After dealing with these things, before Liu Zhiping left, he pulled Zhang Yida to chat for a while.

Zhang Yida's shareholding in Zhonghe Group will increase from 71.05% to 71.39%, and he will also indirectly hold 0.29% through Ruixiang Industrial Investment Fund.

As for the 0.68% equity obtained by the VAM, Zhang Yida personally took half of it, and the other half was distributed to a group of middle and senior executives of the original Pindodo.

Penguin's stake in Zhonghe Group will drop from 10.15% to 9.47%, which is less than 10%.

Zhonghe Group, which is valued at $19 billion, has a stake ratio of 0.68%.

Penguin lost 1.43% of Pindodo's shares, which was worth $128.7 million at a valuation of $9 billion at the time of the merger.

Then, the legal and accounting teams of the two companies were arranged to do the work handover.

The two chatted with Zhang Yida about other topics, and when the conversation was almost over, Liu Zhiping said lightly: "Okay, let's implement the VAM agreement first!"

In addition, political factors also have an impact. The data of social software is too important, and Americans will definitely not let the penguins make it bigger.

But Facebook's user base and foundation are there, and it is not something that Penguin can easily shake.

Penguin is not the kind of Internet giant that eats and waits for death, in fact, it has always had the ambition to go global.

The use of overseas user base may allow WeChat to compete with it.

Liu Zhiping was a little disappointed, if Penguin could merge Zhonghe Group, it would definitely be a great thing for Penguin.

It also carries Zhang Yida's dream of globalization, which is absolutely impossible to give up.

The latter is that the road is getting narrower and narrower, and the business model has certain flaws. Zhonghe Group is different, where is this, the goal is a market value of 100 billion US dollars.

Zhang Yida shook his head without hesitation, Zhonghe Group is different from Huimin Travel.

How to drop, do penguins want to buy?

Liu Zhiping's words made Zhang Yida a little confused.

"Yida, have you ever thought about selling Zhonghe Group?"

The potential shown by Spelling Dodo and Shaking Eyes is simply a sight to behold.

Even if the $2 billion financing is invested by Penguin alone, the shareholding ratio will not reach more than 20%.

For Zhonghe Group, Penguin values it at $20 billion to $25 billion.

After the merger into Zhonghe Group, this shareholding fell to less than 10%.

Liu Zhiping quickly calculated, and after the bet failed, the penguin held 20% of the shares of Pindodo.

If the amount is large, it will not only be a waste of funds, but also dilute the shares of existing shareholders in vain. ”

Zhang Yida smiled: "We have calculated, this number is more appropriate."

Liu Zhiping frowned, and asked again: "Will it be a little less, after all, there are still so many markets abroad that need to be developed and maintained." ”

"Raise $2 billion!"

If you don't agree with Penguin to continue to increase its equity share, you have to launch a short video yourself.

However, it depends on Zhang Yida's attitude.

Liu Zhiping stared at Zhang Yida, which was also a method they discussed internally, to continue to hold a heavy position in Zhonghe Group.

"How much is it? Penguins continue to lead the bidding. ”

Moreover, there are many players in Kuaishou and Toutiao Video in China, and Penguin does not dare to pack tickets to win in the end.

However, the launch of Microvision is a bit of a tear with Zhang Yida.

The average usage time of the main short video users is too human, it is a treasure!

If I knew it, I wouldn't have turned off Microvision. Now there is also internal controversy, that is, it is considering whether to restart Microvision.

They didn't expect that short videos had so much energy that they would become popular overseas.

When it comes to short videos, Liu Zhiping's heart is full of fire.

Foreign countries have also taken the lead in opening the live broadcast function in the United States, and will gradually launch this function in other markets. ”

However, burning money is also temporary, and the domestic Douyin has launched a live broadcast business and started advertising commercialization.

In the face of Liu Zhiping's question, Zhang Yida answered truthfully: "Financing, I have opened several battlefields overseas, and I have to burn some more money."

"What's next?"

The palms and backs of the hands are all over, and they can't be allowed to fight. The muzzle of the gun had to be aimed at Ahri. At least, that's how it needs to be.

But you have to consider Goudong, this is goudong in the bowl.

Liu Zhiping stopped talking, he really wanted Zhang Yida to hurry up and do a full-category e-commerce.

There are fewer digital electronic products with a relatively high unit price. ”

"Yes, the average customer value is low, we have to admit that. Because our current focus is on popular low-priced products.

Liu Zhiping couldn't tolerate a little sand in his eyes, and he saw the problem at a glance.

"The unit price of this customer is low, more than 30 yuan a single order, do users only buy paper towels?"

Zhang Yida brought up this matter again very facelessly, but he was not targeting Ren Yu, but expounding on the potential of Pindodo, so that the penguins paid attention to it.

"Breaking through 100 billion GMV should be this quarter, and Pindodo has just been launched for two years. ”

Now that this goal is about to be achieved, fortunately, Zhang Yida did not bring up the old things, otherwise he would have been slapped in the face.

Ren Yu was still a little embarrassed, and at first felt that Zhang Yida was bragging about "breaking through 100 billion GMV in 2 years".

At present, the monthly GMV has exceeded 10 billion, the number of monthly active users has also exceeded 100 million, and the total number of registered users is close to 300 million. ”

Zhang Yida nodded, "Last fiscal year, it was 13 billion GMV, and the loss was 292 million.

Ren Yu scratched his hair, "The loss has narrowed compared to the last fiscal year!"

"70.9 billion GMV, operating income of 1.744 billion, loss of 525 million. ”

Liu Zhiping looked at the 16-year financial report of Pinduoduo and couldn't help but praise it out loud.

"Tut-tut, that's amazing!"

......

"I, Zhang Yida, play money!"

Zhang Yida made an "OK" gesture and called Poniema from then on.

According to the agreement, Penguin will transfer 1.43% of its shares to management free of charge. ”

Lu Qi smiled again and said: "The bet between Pindoduo and Penguin has been completed, and the performance target of 70.9 billion GMV has been completed in 16 years.

"Oh, there's one more thing. ”

Therefore, startups generally start the next round of financing when they still have 3-6 months of operating capital.

If something goes wrong, it's a big problem.

Markets and opportunities don't wait for anyone, and it's impossible to run out of money to raise money.

Although there is still 600 million US dollars, which can support half a year, Zhang Yida does not want to wait.

"Okay, let's arrange a new round of financing in the near future!"

And it is easy to buy, it can be completed in WeChat, and it has basically become the first brand of online shopping for middle-aged and elderly people.

These people are price-sensitive, and an online shopping app that is cheaper than Taobao is perfect for them.

The young users of the Internet have been almost scolded, so Zhang Yida has hit the idea of middle-aged and elderly women again.

Once you enter the pit, you don't want to climb out in this life.

Turn around to those few keywords, "spell dodo~ spell dodo~".

Users basically hear it and never forget it in their lifetime.

The success of Pinduoduo's previous life is inseparable from the credit of this song with a magic sound.

Zhang Yida thought of this brainwashing divine comedy on a whim half a month ago and was ready to move it out and use it.

The tune of this song is the original song of "I miss you so much" sung by Zhu Zhu, but the lyrics have been changed with some changes.

Zhang Yida hurriedly stopped, and Lu Qi stopped unsatisfied.

The style of painting is simply ......

Lu Qi, the uncle, hummed such a sweet song at this time.

If you want to fight it, you have to fight it, and you have to fight it anytime and anywhere every day, and you have to fight it......"

Fight dodo, spell dodo, fight more, less less.

Come all the way and fight all the way, no matter what you have or not.

"Spell dodo, spell dodo, me and you, spell dodo.

As he spoke, Lu Qi began to hum.

"Hey, that's it!"

"What song?" Zhang Yida I didn't think about it.

The song you wrote, we have found Malaysian singer Zhu Zhu and obtained her adaptation authorization, which is very catchy. ”

In addition, TV advertising should also be grasped to complement Penguin's WeChat traffic.

Therefore, our user subsidies must not only not be stopped, but on the contrary, they must be increased.

Lu Qi said: "This year is a very critical year for Pindodo, which is related to Pindodo's carp jumping over the dragon gate and becoming a 100 billion GMV platform in one fell swoop."

Acquisition of station B, user subsidies that can't be beaten, subsidies for creators, and overseas purchases......

Where did it go?

In one year, only $600 million was spent on the books.

The two companies combined to raise $1.9 billion last year, and the actual cash financing was $1.6 billion, excluding Penguin's $300 million worth of flows.

Zhang Yida nodded, and Douduo and Doushi are both big money burners.

Lu Qi looked at Zhang Yida, "Yida, if we want to cooperate with the group's next strategic deployment, then the funds in our account are a little insufficient." ”

"Oh, yes. ”

"Okay, you do an assessment, and internally divide the market into three levels of SB, and each level corresponds to different resource support. ”

The group's resources are limited, and it must invest as many talents and funds as possible in more important markets. ”

In addition, the RPU value should also be taken into account in the division of strategic markets.

But the population base is large, and the income generated is also considerable.

In some countries, although the economy is backward, the RPU value is not high.

"All countries with a population of more than 100 million should pay attention, including 13 countries including India, Indonesia, Benealia, Bangladesh, Pakistan, the Philippines, the United States, Brazil, Mexico, Russia, Nigeria, Ethiopia and Egypt, in addition to China," Lu added.

The U.S. and Brazil are two markets that need to be preserved, with the largest revenues and downloads currently coming from these two countries. ”

Speaking of which, Zhang Yida paused and continued: "India is critical, and this country is Facebook's largest overseas market.

"You calculate the valuation of Zhonghe Group, and notify Penguin when it is open for financing.

Penguin is willing to reach a long-term cooperation with Zhonghe Group, but we also have one condition.

The condition is that the penguin's shareholding in Zhonghe Group should remain at least 20%. ”