Zhang Yida didn't know that his high profile had already aroused Erma's high vigilance, and even launched a conspiracy against him.

Of course, it is unrealistic to continue to develop obscenely. With such a large volume, it is impossible to hide.

simply and openly proclaim that I want to be the enemy of Ahri and penguins, and I want to compete with them for the market.

In doing so, while pulling the hatred of Ahri and penguins, it also attracted the attention of the whole people, which was no less than a super-large advertising campaign.

On the Indonesian side, the merger of Tokopedia and Bukalapak is also in its final stages.

Bukalapak for $1 billion and Tokopedia for $5 billion will merge to form a new e-commerce company, BuyTogether, valued at $6 billion, Chinese translate "buy together" or "spell dodo".

Bukalapak was wholly owned by Xinrui Xiang Group in the form of "$500 million in cash + $500 million in stock".

Then, the company was stuffed into the main body of the company BuyTogether by the Xinrui Xiang Group, and Ruixiang occupied 16.67% of the latter's shares.

Tokopedia was originally 7.13% owned by Ruixiang Group, but this stake fell to 5.94% after the merger into BuyTogether.

The sum of the two parts of equity only reached 22.61%, which is still a cut away from the 51% holding line.

Ruixiang Group also negotiated with the original shareholders of Tokopedia to issue an additional US$1.5 billion of Ruixiang shares in exchange for their 25% stake in BuyTogether.

Next, Ruixiang Group, United Trust Group, and Lippo Group injected $1.2 billion into BuyTogether.

Among them, Ruixiang Group invested US$1 billion, and the other two groups contributed US$100 million each, pushing the valuation of BuyTogether to US$1.2 billion.

Ruixiang paid a total of $1.5 billion in cash, plus an additional $2 billion in shares, to become the controlling shareholder of BuyTogether with 53.56% of the shares.

With a valuation of US$7.2 billion, BuyTogether surpassed the US$4 billion valuation of Razanda to become the highest-valued e-commerce unicorn in Southeast Asia.

Yimin Netfinance holds an 8.5% stake in Bukalapak and received US$42.5 million in cash through this transaction, plus 2.1/10,000 of the group's shares.

This part of the equity seems to be very small, it has reached the 10,000th percentile, but in fact, it is also because the valuation of Ruixiang is too high, which has reached 202 billion US dollars, and one point of 10,000 is worth 20 million dollars.

The additional issuance of $2 billion in equity is equivalent to diluting 1% of the equity to all shareholders.

Zhang Yida's shareholding in Ruixiang Group decreased slightly, from 47% to 46.53%.

After the transaction was completed, BuyTogether held a grand press conference to announce the birth of the new company and disclose a new round of financing.

"$1.2 billion in financing, $7.2 billion in valuation!"

Indonesian journalists were stunned by the explosive news, which would be Indonesia's highest-valued internet company if true.

GoJek's valuation has not yet reached the level of $10 billion in its previous life, and it is not as good as "buy together".

While the reporters were proud, they also had an inexplicable emotion.

This kind of emotion is like domestic netizens hearing that "South Africa's MIH is the majority shareholder of Penguin" and "SoftBank is the majority shareholder of Ahri", and they are always a little unwilling.

But the reality is like this, there is nothing to be done.

Indonesia's local venture capital and traditional entrepreneurs either can't afford to invest, or are not optimistic, so they can only let foreign capital get involved in these national-level Internet companies.

Zhang Yida and the CEOs of the two companies, William and Achema, jointly funded the press conference.

At the venue, a well-informed reporter asked: "I heard that Mr. Zhang is the richest man in Asia worth 1,000 trillion rupiah, and Ruixiang Group is the eighth largest Internet company in the world with a valuation of 14,000 trillion rupiah."

From a college student to a super-rich entrepreneur today, can you share your successes?"

A large group of reporters are not calm, mainly because the two numbers of "1000 trillion" and "14,000 trillion" are too amazing.

Not to mention that I have seen so much money, I rarely hear about it.

Zhang Yida was also stunned for a moment, am I so rich?

Then I thought of the exchange rate of 1 to 2000 yuan against the Indonesian rupiah before I reacted, 1000 trillion rupiah is not 500 billion yuan?

He replied with a smile: "In fact, there is no special successful experience, persistence is one of my great tenets in life."

I've had crises and setbacks, but I've persevered. ”

The reporter was suddenly shifted from the e-commerce company to Zhang Yida, and William and Akima were laughing awkwardly on the side.

It took a long time for the reporter to turn his attention back to today's business.

A reporter asked: "Mr. William, why did you sell the company to a foreign-funded enterprise?"

William's face darkened suddenly, "This is not a sale of the company, Ruixiang will be an important shareholder and partner of "buy together". ”

"You said you weren't selling the company, so why did you change your name?"

William explains: "Buying together is called pindododo in China, and it is a social e-commerce model......

Explaining how it works, William added: "It's a great model, where merchants sell more and consumers can enjoy cheaper goods. ”

"Is this a group buying model?" a reporter asked.

That's understandable, but it's not entirely true. ”

After visiting and inspecting Pindodo, William also felt that this was a great model, and if it was used well, it would become a powerful weapon to buy together and compete with other e-commerce companies.

William answered a few reporters' questions, and it was the turn of Akima, the president.

He introduced, "Let's buy together will reach an important cooperation in the future, and the two sides will explore more possibilities in emerging businesses such as live broadcast e-commerce and short video e-commerce." ”

It is also a well-known app in Indonesia, and young people basically use it.

But the reporter has basically never heard of short video e-commerce and live broadcast e-commerce, and it is another question.

Akima recounted what she had seen and heard in China, and when she heard that China's live broadcast influencers sold tens of billions of rupiah in one night in the form of live broadcasts, she exclaimed again.

"Together buying will create 100,000 jobs for Indonesia, boost economic growth and increase national tax revenue ...... through this new business model," said Akima.

Zhang Yida silently watched from the sidelines as William and Akima took turns pretending to be forced, and the two of them came to China to study for half a month during the due diligence of the company's merger.

At this time, chatting with reporters about these things, new terms, and new business models emerged in an endless stream, which made a group of reporters stunned.

The press conference was a success, and the reporters felt that the trip was worthwhile.

Not only did I see the richest man in Asia worth 1,000 trillion yuan, but I also heard about so many new business models.

The news about buying together naturally reached the ears of Pang Lei, CEO of Laizanda, and Li Xiaodong, CEO of Sea Group.

Pang Lei felt that Zhang Yida's ghost was still lingering, and she had been against her since she was in the leech suit, and now she has been sent to Southeast Asia.

Li Xiaodong was a little depressed, Ruixiang was originally a shareholder of Sea, but now he has become a competitor because of the e-commerce business.

It seems that Ruixiang must be kicked out of the ranks of shareholders.

When the news came back to China, many people felt that Ruixiang was becoming more and more of a giant, and its international business was getting stronger and stronger.