"Pony, what do you think about Ruixiang?

Liu Zhiping reported Ruixiang's matter to Bonima and was waiting for his reply.

Boniema was a big smoker, leaning back on the office sofa, burning two cigarettes in a row without saying a word, thinking all the time.

Liu Zhiping didn't interrupt him, just silently waited for his reply.

"You can vote! Cut the valuation a little more. In addition, according to the dog Dong's set, vote!"

Boniema finally made up his mind to invest in Ruixiang, thought about it and added:

"Don't they have a magic treasure to pay? Let them fight with Alibei! The promotion of our Tenpay continues to go according to the original rhythm. ”

Liu Zhiping nodded and asked again:

"Or do you invest according to the dog owner's set, that is, cash + resources into shares?"

"Yes, open the WeChat nine-square grid to them, and the value will be calculated at $1 billion......"

Bonima is also an old fox, WeChat is gradually commercialized, to Ruixiang open nine-square grid, not only to save a lot of cash, but also to enrich the WeChat ecology.

"$1 billion...... Wouldn't it be too high? Can Rui Xiang accept it?" Liu Zhiping couldn't help laughing, Boni slaughtered people as fat sheep. Then he said:

"In the first half of the year, when I took a stake in the dog owner, the price of acquiring 15% of the shares was not small.

In addition to the 100% equity of QQ online shopping and Paipai.com, there are also some shares of Yixun.com, and the first-level entrance of WeChat and mobile QQ client is also open to them.

In addition, 1.6 billion Hong Kong dollars in cash, equivalent to about 214 million US dollars......"

"What was the valuation of Goudong at the time? $15.7 billion, right? 15% is $2.355 billion.

Paipai + QQ online shopping + Yixun is 1 billion US dollars! QQ and WeChat first-level traffic entrance is 1 billion US dollars.

Isn't that just right, and the price is reasonable!"

After speaking, Bonima also smiled and winked at Liu Zhiping.

"Well, you're right. The first-level entrance to WeChat is priceless. You can't buy it with any money, and it's only open to core business partners.

Then I'll talk about it at this price!"

Liu Zhiping thinks that what Boni said is quite reasonable, what does WeChat Jiugongge mean to a start-up company? It means that you can enjoy hundreds of millions of user traffic when you access it. The business can take off on the spot.

Is $1 billion expensive?

"How much is the valuation reasonable?" Liu Zhiping asked again.

"Give him 20 times the PE and cut 2 billion US dollars!" Bonima said with a wave of his hand.

"Okay, understood!" Liu Zhiping bowed slightly.

……

"President Liu, the valuation of $6 billion is too low! When Ruixiang did the B round in April, it was valued at $3 billion.

Now more than half a year has passed, and the volume has increased by 2 times!"

Zhang Yida shook his head again and again in Ruixiang's conference room, and other investors present also nodded in recognition of Zhang Yida's words.

Liu Zhiping did not delay for a moment, and the next day after communicating with Bonima, he flew to the capital with the penguins and his party, restarting the second negotiation with Ruixiang.

It was immediately very strong, saying that the penguins would only approve a valuation of $6 billion at most.

Of course, Zhang Yida and other investors did not approve of it! The situation was thus deadlocked.

Shen Beipeng has a good relationship with Penguin and has invested in many projects together. At this time, he spoke:

$6 billion is too low. The growth of Ruixiang is obvious to all. You report to Pony, go up a little bit!"

Liu Zhiping thought for a moment and said, "Okay, I'll ask Pony!"

After saying that, he turned around and walked out of the office.

After Liu Zhiping went out, other investors turned their heads one after another.

"This penguin is too domineering, $6 billion, foolish!"

"It's really not good, and the C round of financing will contact other capital. ”

"Yes, $6 billion is too low, and we don't agree. ”

"Yida, what do you mean?" Shen Beipeng looked at Zhang Yida with straight eyes.

Other investors also stopped the discussion and looked at Zhang Yida to see how he would reply.

Zhang Yida sneered twice, glanced at everyone, and said cruelly:

"$8 billion before investment and $10 billion after investment is the bottom line. Below this line, then abandon the penguins and directly connect with other capital. ”

Many investors also spoke in support:

"Yes, we have a unified voice, we are unanimous with the outside world, and $8 billion is the bottom line. ”

"With the post-investment valuation rising to $10 billion, Ruixiang brands can climb a step up. ”

"$8 billion is a bit low to be honest, but the significance of Penguin's stake is different, and Leech Financial will definitely be Ruixiang's biggest competitor in the future.

Befriend the penguins, so as not to be caught between the two giants. It's a combination of vertical and horizontal strategies!"

Shen Beipeng began to comfort everyone, mainly for Zhang Yida.

Zhang Yida glanced at him and nodded.

After a while, Liu Zhiping returned to the conference room and said with a happy face:

"I spoke to Pony, and he agreed to raise the price by $500 million, raising the pre-investment valuation of Ruixiang to $6.5 billion. ”

Zhang Yida smiled and said:

"Since the penguins are sincere, we will also make some concessions, remove the fraction of 320 million, and calculate the valuation of 9 billion US dollars. ”

Liu Zhiping frowned a little, and the highest cap offer given by Pony was $7.32 billion. Now there are billions of dollars in discrepancies.

But it's normal for you to come and go.

After a war of words, Liu Zhiping fixed the price at "$7.3 billion" and no longer rose.

Zhang Yida's offer was reduced to $8.3 billion, and he no longer relaxed easily.

At this point, no one will back down.

Liu Zhiping said that he would go back and study it again and ask for instructions on Ponima, and the second negotiation ended here.

……

"What? Pang Lei said she wanted to talk to me?"

Today is November 19th, and Zhang Yida was invited to participate in the first Internet Conference in Wuzhen. At this time, Song Caiwei came to report to him.

In a vacant conference room of the Internet conference, Zhang Yida met Pang Lei, and the two shook hands and exchanged two words.

Pang Lei said with a smile: "At the age of less than a weak crown, we have built a 10 billion US dollar commercial aircraft carrier." Mr. Zhang is amazing! He is worthy of being the most outstanding young man in Sichuan and Chongqing. Even many of the older generation of entrepreneurs appreciate you......"

Pang Lei is a native of Yuzhou, and at this time she was speaking an authentic Yuzhou dialect and boasting to Zhang Yida to the sky......

"Tens of billions of dollars!" Zhang Yida guessed in his heart that most of the Penguin's negotiation with Ruixiang was noticed by Leech Financial.

That Pang Lei, the CEO of Leech Financial Services, is looking for herself, most of which is related to this matter, either a shareholding or a merger and acquisition!

Zhang Yida snorted and said, "There are also old-timers who praise me! That's really an honor! Did Jack mention me?"

Pang Lei was also stunned, feeling that Zhang Yida's skin was really thick. However, he reacted quickly, his face instantly returned to calm, and he smiled:

"Jack admires you too. He said that at your age, he was still preparing to repeat his studies for the second time! The first time he scored 19 points in mathematics in the college entrance examination......

He said that you were admitted to Beijing University at the age of 18, and then opened a company, and created such a career in one year.

became famous at a young age, which made him envious!"

"Haha, Jack has won the award! He is also an entrepreneur I particularly admire......"

Zhang Yida also talks about people when he sees people, and talks nonsense when he sees ghosts. Although he has never been very interested in Jack Ma, in front of the eighteen Arhats, they still blow each other's business.

After talking about it, Pang Lei and Zhang Yida became familiar with each other. She looked at Zhang Yida with blazing eyes and said:

"Yida, what do you think of the leech suit?"

"It's very good! It has great potential and is expected to become a 100 billion dollar enterprise!"

Zhang Yida pretended not to understand and praised directly.

Pang Lei looked at Zhang Yida with a serious face and asked:

"Ruixiang's business overlaps with Leech Financial Services very highly, and it will usher in a very strong competition in the future.

Who do you think has the better chance of winning?"

"That must be the leech gold service! You paid Bei was established in 04, and you have a first-mover advantage. And then it is also backed by Ahri's powerful e-commerce scenarios and resources.

These are all places that Ruixiang can't compare!"

Zhang Yida is very honest, admitting that the opponent is strong and nothing, and this is also a sign of self-confidence.

Pang Lei nodded, although she was young, she still had some eyesight. Then he spoke:

"The biggest disadvantage of Ruixiang is that it has been established for too short a time and lacks heritage.

Take mobile payment as an example, we are ready to use 10 billion yuan to subsidize the market in 15 years. Rui Xiang murmuring?

I'm not saying you can't come up with 100 billion. If you open up financing, you will definitely be able to raise this money.

But 16 years, 17 years, 18 years?

Financing every year, subsidizing the market every year. Ruixiang's other businesses will also be dragged down and affected.

As far as I know, you only have about 50% of Ruixiang's shares!"

Zhang Yida nodded and motioned for her to continue.

Pang Lei saw that Zhang Yida was listening to her speech very seriously, so she said passionately:

"A couple of rounds of refinancing, and your equity will definitely be diluted to only 20%, 10%.

In case the mobile payment competition fails, Ruixiang's valuation will be 10 billion US dollars.

At that time, your equity will be worth one or two billion dollars.

What's the bother?

Why don't you join forces with Leech Financial Services to make your business bigger, go abroad, and let China's mobile payment occupy the world!"

Wonderful! It is worthy of being the Eighteen Arhats! Zhang Yida felt that Pang Lei's speech was very wonderful and infectious.

Seeing that Zhang Yida had been pondering there, Pang Lei added another fire and said:

"If Ruixiang merges with Leech Financial, we are willing to give a valuation quotation not lower than that of Penguin!

Also, recruit you as Ahri Partner!

If you still want to focus on Internet finance, let you be in charge of the Southeast Asian market!"

Zhang Yida smiled and said, "Sister Lei, do you think so highly of me?"

"You have this talent, it's worth the price!" Pang Lei said with a smile, and then sighed: "We are all old! In the future, when I retire, it is not impossible for you to hand over the leech gold service to be in charge!"

The temptation is quite big! It is a partner of Ahri again, and it is the helmsman of Leech Financial Services, and then the merger and acquisition of Ruixiang will also pay a one-time payment, which should be a share of Leng Financial Services + a large amount of cash.

In terms of money, Zhang Yida's current Ruixiang shares are worth four or five billion US dollars. If you merge and enter Leech Financial Services, you can choose half of the shares and half of the cash.

Based on the current valuation of Leech Financial Services of 45 billion US dollars, 8 billion US dollars of mergers and acquisitions of Ruixiang, 4 billion US dollars in cash + 4 billion US dollars in stocks.

Zhang Yida can get almost $2 billion + 3.8% of the shares of Leech Financial.

In the future, Leech Financial Services will carry out three or four rounds of financing, and the shares may be diluted to only about 2%, and according to the future valuation of $150 billion, Zhang Yida will be able to get a return of $3 billion.

$2 billion in cash + $3 billion in future equities = $5 billion.

It looks similar to the current shareholding value of Zhang Yida in Ruixiang. But the meaning is different.

One is valuation, the other is the cash that will be available immediately and the equity that will not be transferred and realized in the future.

If you start your own business, you may not be able to succeed, and there is a certain amount of risk.