Chapter 677: Turning Waste into Treasure
Ah San is really not worry-free, and he has a whole moth again
India's Ministry of Information Technology (MID) has once again challenged ICAY with a list of 24 questions, such as how platforms collect user data, raising awareness of security use, and more.
Ma Jun, an international firefighter, has been transferred to the vice president of the group, and this job has been handed over to Mayer, a former Disney executive who has not been in office for a long time.
After Mayer arrived in India, he went to meet with the Ministry of Information Technology of India with Nikir, the director of India.
After understanding the intentions of the Ministry of Information Technology, Mayer immediately started a video call with Zhang Yida.
"Boss, officials from the Ministry of Information Technology have been holding on to the identity of our Chinese company.
In order to ensure data security, we are required to set up a data center in India to store the data of local users in India. ”
Mayer sat in front of the camera in high spirits to report to Zhang Yida about his work, the role entered quickly, and he seemed to be very suitable and liked the job.
Zhang Yida pinched his eyebrows, going to sea is far from being as simple as he imagined.
In particular, the more successful the product, the greater the constraints.
With over 200 million registered users and 1.2 billion monthly active users in India, ICAY is a national app.
The low entry conditions are deeply loved by the middle and lower classes in India, and many people gain fans by creating short videos, and then help brands advertise, and reap a lot of income far higher than their salaries.
Seeing that Zhang Yida did not speak, Mayer said, "The Modi government has been pushing the global tech giants to store the data of domestic users in India.
The rationale is the need to protect citizens' information security and make it more accessible to Indian law enforcement.
Companies such as Google and Facebook, as well as the U.S. government, have criticized the Indian government's proposed regulations, saying they would make it harder for foreign companies to do business and hurt India's digital economy and innovation.
But the Modi government is still going its own way, and we can't help them.
Under pressure, many multinational tech giants have compromised.
Many internet giants, including Microsoft, Amazon, and Ali's strategic investment in Indian payment companies Payt and Rice, have agreed to migrate existing Indian user data to local servers in India.
boss, the company is about to go public, try to avoid any problems in the Indian market.
I roughly calculated that it would cost about $100 million to build a data center, which is not particularly expensive. ”
Zhang Yida nodded, "Okay, I agree to build a data center."
You go and paint a big pie for the Ministry of Information Technology, saying that we will invest $1 billion in India in the next three years and create 10,000 direct jobs. ”
Mayer nodded and smiled, the multinational giants seem to have unlimited scenery, but in fact they are the face of a country.
If you want to do business on other people's turf, you must have some good measures, and hard steel will definitely not work.
"Okay, I'll make an appointment with the Ministry of Information Technology again. ”
With that, Mayer got up and was ready to act.
"Wait. ”
Zhang Yida stopped Mayer and asked about the situation of Heo short video and the person in charge, Kumar.
"Kumar is very smart, as soon as Heo was launched, he held high the national banner of India's own short video app.
The effect was very good, and many nationalists rushed to tell each other that some Indian elites had returned to China to build India.
Kumar also makes frequent appearances at universities to talk about entrepreneurship.
At present, HEO has completed a round of $50 million Series A financing, led by local venture capital in India, and the development momentum is very good. ”
Mayer said with a smile that he still looked down on Kumar in his words, after all, he was also a middle-level manager in Silicon Valley.
Heo is a matter of dark chess, and Zhang Yida did not hide Mayer.
After all, ICAY is still developing in India, and it would be bad if HEO was killed as an opponent.
Zhang Yida's eyes narrowed slightly, he was also aware of HEO's introduction of local venture capital in India, and the purpose was to take deeper roots in India.
Although Kumar has dual citizenship of the United States and India, he has only recently regained his Indian nationality, which is specially given by the Indian government to attract international students to return to China.
Strictly scrutinizing the shareholding structure of HEO, Kumar, the founder, is more like a spokesman for interest groups.
Therefore, in order to make the play more realistic, let the Indian local style invest 10 shares, which can also offset some of the unfavorable public opinion caused by Kumar's too little shareholding.
Li Hengbo led a team to China and started formal negotiations with Zhang Yida on the transfer of shares in AC Milan.
"1.5 billion euros is really too high, the investment is too risky, how can 1.2 billion euros be agreed, we can sign the contract now. ”
Li Hengbo saw that Zhang Yida was unmoved, and persuaded with a smile, "You also want us to keep a little room for valuation growth."
The most successful clubs, such as Real Madrid, Barcelona and Manchester United, are valued at around 3 billion euros.
You know, Serie A is no longer good, whether it is the level of competition, or the attention and club income and profits, it is not as good as La Liga and the Premier League. ”
Zhang Yida admits that Li Hengbo has a point, but if it is only valued at 1.2 billion euros, he will not sell the shares of the Milan club.
With so much real money invested, it was not his investment style to sell the club's shares at a low price.
"Forget it, I'd better keep it for myself, anyway, there is no shortage of four or five billion euros. ”
Zhang Yida is really not pretending to be a wolf with a big tail, and Li Hengbo also knows very well how abundant Zhang Yida's funds are.
The sale of Huimin Travel, Green, and the three companies of the Yimin system before and after listing will cost four or five billion US dollars.
In addition, he also knew that Zhang Yida pledged Rui to borrow $20 billion from the shares, which was vigorously killed in the U.S. stock market and shorts some time ago.
Four or five billion euros, for Zhang Yida, it is really not much, just a drizzle.
"That's 12.5 billion euros, 404 shares, 50.5 billion euros to pay you in a lump sum. ”
Li Hengbo gritted his teeth and added another 50 million euros to his valuation.
Converted into the transaction, it is equivalent to an increase of more than 2,000 euros in the acquisition offer for 404 shares.
Zhang Yida didn't raise his eyelids, and said lightly, "14.5 billion euros, if you can accept it, let's continue to talk." ”
Li Hengbo had some toothache.
Usually Zhang Yida is giggling and good with his brothers.
When it comes to business, he immediately turns his face and denies people.
did not rashly increase the price, but talked to Zhang Yida about the big truth.
"With the transfer of these 404 shares, your investment in Milan has basically been recovered.
But Temasek didn't, and if we count the previous investment and this equity transfer, we have invested almost 600 million euros before and after.
If something happens, it's us who will lose the most."
Zhang Yida didn't listen to this, and retorted, "Any investment is risky, and investment without risk is a liar."
However, none of the investors I have worked with have lost money."
"What about Gopher Assets, Bertelsmann Asia, Lightspeed China, and Northern Light Ventures?"
The slap in the face came a little suddenly, but Zhang Yida hid his embarrassment very well, and said with a smile, "This is due to force majeure factors, catching up with the ebb tide of P2P."
Besides, hasn't the stock price of Yimin Netfinance and Yimin Loan risen back recently?
and Ruixin Group is also preparing to go public and is ready to log on the Science and Technology Innovation Board.
Follow me, you can't lose him. ”
Li Hengbo shook his head with a smile, Zhang Yida is also very good at pitting people, he has to be careful.
In the end, it was Zhang Yida who took the initiative to back down and lowered the valuation of the Milan club to 1.3 billion euros, facilitating the deal.
After the transfer of 404 shares, Temasek's shareholding reached 49;
Zhang Yida still has 5,093 shares left and is still the largest shareholder.
At the same time, it also received 525.2 billion euros in equity transfer money, and got back all the investment in Milan.
Even if Milan falls again in the future, he will not lose money.
Without the pressure of return on investment, he can really look at the development of the club.
The other 007 shares are in the hands of minority shareholders, and former Italian Prime Minister Lao Bei did not clean up when he bought the club in the eighties of the last century.
Zhang Yida also asked these people that they were willing to buy this part of the shares at a valuation of 1 billion euros and 700,000 euros.
But many of these minority shareholders are loyal Milan fans and are reluctant to sell their shares. Besides, it can't be sold for a few dollars, so I just keep it as a souvenir.
Anyway, there is no obstacle to the overall situation, and Zhang Yida will let it go.
Judging from the book return, the nearly 51 shares he still holds, which is the return on investment, are worth 6.5 billion euros.
The things that were played with in Brother Li's hands were in his hands, and they successfully turned waste into treasure.