Chapter 514: Breaking into the Enemy
While Zhang Yida was still in Indonesia, GoJek CEO Nadeem Makarim came to his door.
In the private meeting room provided by the five-star hotel where he stayed, Zhang Yida met with him.
Here, first of all, congratulations to Mr. Zhang's Ruixiang Group for becoming the world's most valued unicorn.
Haha, $200 billion, that's breathtaking!"
Makarim was born in a prestigious school, and his family is a veteran political family in Indonesia, and his social etiquette is still very decent.
At this time, when it comes to polite words, it is simply one set after another.
Zhang Yida smiled faintly, he guessed that Makarim suddenly came to find him, instead of calling or sending emails as usual, he should have something important to discuss.
"BuyTogether has made big news this time, and now the whole of Indonesia is talking about this company. ”
"The $1.2 billion is the highest single funding round ever raised by an Indonesian internet company.
The valuation of US$7.2 billion also makes it the most valuable unicorn company in Indonesia. Even if you look at the whole of Southeast Asia, only our old rival Grab can compete with Buy Together. ”
Zhang Yida saw that Makarim had not entered the topic, and he was even more sure of his guess, this kid definitely had a ghost in his heart.
However, Zhang Yida did not debunk it, but followed Makarim's words and said: "The two largest market segments of the Internet in Southeast Asia are e-commerce and transportation.
The competition in e-commerce is very fierce, Amazon, Penguin, and Ahri have all entered the game, and it is not yet known who will die in the future.
But the situation of mobility is already clear, and the future winner will be either GoJek or Grab. ”
Makarim nodded, which is why he didn't get into the e-commerce industry.
If the American Internet is the master of China's Internet, then the Southeast Asian mobile Internet is the apprentice of China's mobile Internet, which is deeply influenced by Chinese giants.
Makarim has always wanted to make GoJek a super app that can not only take taxis, order takeaways, but also provide delivery services.
China's WeChat, Alibe, and Touronghui have set a good example for him, and he believes that the right direction for super unicorn companies is such a way to develop diversified services and maintain the traffic of their own platforms to the greatest extent to generate greater business value.
Makarim still couldn't hold back his words, and said truthfully: "After Grab's acquisition of Uber Southeast Asia, the market has jumped to the first place in many ASEAN countries.
In the Philippines, for example, Grab already has a 93% market share.
This is by no means good news for GoJek. ”
As a shareholder of Grab, Zhang Yida is also aware of the detailed transaction of Grab's acquisition of Uber's Southeast Asia business.
Similar to Didi's acquisition of Uber China, Grab merged Uber Southeast Asia for a 27.5% stake.
This transaction not only successfully established Grab's position as the No. 1 taxi brother in Southeast Asia, but also made Grab's valuation reach $10 billion, making it the first super unicorn in Southeast Asia's history.
The limelight is unbeatable for a while!
Why it is Grab's turn to acquire Uber Southeast Asia is also particular.
SoftBank, Didi and other important transportation players are Grab shareholders, while Uber is a Didi shareholder, and SoftBank is a shareholder of Uber and Didi.
Except for Ruixiang, the shareholders of GoJek are ordinary investment banks, and the background is not as hard as Grab, so naturally they can only watch the fat enter the opponent's mouth.
Zhang Yida couldn't help with this.
Ruixiang is a shareholder of the four major ride-hailing platforms such as Didi, Grab, GoJek, and India O, and if he agrees to exchange shares with Uber when he sells Green, Zhang Yida can still put Uber into his business territory.
But Zhang Yida did not agree to do so, because Uber could not promote Ruixiang's mobile payment in Europe and the United States.
The other four ride-hailing apps are not, all of which have important partnerships with Mobao and three other local e-wallets.
However, these companies do not have high shares, mainly because the taxi field is too expensive to play.
SoftBank is different, with a high proportion of shares in major ride-hailing software, and can be called the world's largest transportation player.
After SoftBank took over the shares transferred to Penguin, together with part of the equity obtained from the previous investment, the shareholding ratio of Xinrui to the group has exceeded 15%.
Zhang Yida also remembered one thing at this time.
At the beginning of the year, the company announced that it would transfer 33% of its stake to Ahri Baba Group.
This incident, which caused SoftBank, Yahoo and other foreign shareholders to have a dirty relationship with Jackma, and also damaged Jackma's reputation, is finally coming to an end.
The matter dates back to eight or nine years ago, when Jack Ma spent a total of 330 million yuan on two occasions to spin off the Ali Baba Group through various operations.
And put this business into Zhejiang Ahri Baba Business Co., Ltd., which Jackma holds 80% of the shares.
According to the shareholding ratio at that time, SoftBank and Yahoo would occupy 34.5% and 22.6% of the shares of Paybe, respectively, but Jackma personally held 80% of the shares.
Of course, the foreign shareholders did not do it, believing that Jack Ma violated his business reputation, and spread the matter internationally to put pressure on Jack Ma.
Even in those two years, the US dollar fund's investment in China's Internet industry was affected, because venture capitalists were afraid that the same thing would happen and suffer huge economic losses.
The explanation given at the time was that the state did not allow foreign capital to control online payment tools, and Jackma had no choice but to make this decision.
After communication with SoftBank, Yahoo and other shareholders, relevant agreements were reached:
Leech Financial Services is required to pay Ahri an annual intellectual property and technical service fee, which is equivalent to 37.5% of the pre-tax profit of Leung Financial Services;
At the same time, if conditions permit, Ahri has the right to invest in and hold 33% of the equity of Leech Financial, and transfer the corresponding intellectual property rights to Leech Financial.
To say that the matter has been satisfactorily resolved, it is not unexpected.
Otherwise, Yahoo Dongying would not have chosen to jointly establish the Dongying joint venture e-wallet PayPay with Ruixiang, which is actually behind Son's dissatisfaction with Jackma.
SoftBank has been reducing its stake in Ahri, and by the middle of this year it still held 28.8%, which is equivalent to an indirect 9.5% stake in Leech Financial.
It's just that this part of the equity has not yet been delivered, and it is expected to wait until next year.
And even if the closing is completed, SoftBank's equity in Leech Financial Services is far lower than Ruixiang, which holds more than 15% of the shares.
If SoftBank favors Leech Financial Services, and a series of Internet applications invested by SoftBank in Southeast Asia and India are biased towards Leech Financial Services' e-wallets, it will have a huge impact on Ruixiang's overseas mobile payment business.
But Zhang Yida is not worried that Son is biased towards leech gold, after all, businessmen will always settle accounts.
Seeing that Zhang Yida suddenly lost his mind, Makarim coughed, and the former quickly came back to his senses.
"I'm sorry, I just thought about it. ”
Makarim waved his hand to indicate that it was okay, and continued: "In the face of the huge competitive pressure brought by Grab, GoJek is going to make a huge round of financing next. ”
"Huge financing?"
Zhang Yida asked, "How much?"
Makarim said with some excitement: "$1.5 billion!"
When Zhang Yida heard this, he smiled and said: "This is a good thing! Are you here to discuss this with me? No need to discuss, I support it." ”
Makarim looked like he wanted to speak and stopped, which made Zhang Yida frown, could it be that there was something hidden?
So he asked Makarim: "Who is involved in this round of financing?"
Makarim gritted his teeth and said crisply: "There are Google, Temasek, Blackstone, Magnesium Group, Goudong and ...... Penguins!"
Glancing at Zhang Yida, whose face was already sinking like water, Makarim was also helpless in his heart.
If you don't, what will GoJek do against Grab, which has many backers.