Zhang Lei of Kaolin Capital is a top investor in China, with a good reputation and a high reputation inside and outside the industry.

Lin started a business once or twice, and he has seen a lot of investors before and after, and the only one who can be called a big coffee in front of Zhang Lei is probably Shen Ju of Hongshan Capital.

The two men were five years apart, but their fates met in one place, and they went to Yale University one after the other.

When Lin Yi met this big name, he was wearing a pair of heavy black-framed glasses, a prop that was often seen as clumsy on the face of ordinary science and engineering men.

Lin Yi didn't find the light of his wisdom through the lenses, and only felt the majesty from the golden master's father.

Another detail that impressed me was that although it was only a private meeting between the two parties, Zhang Lei still wore a tie meticulously, which may represent a certain part of his personality.

Zhang Lei shouldn't have guessed that when Lin Yi shook hands with him, he thought of his scandal that had not yet appeared.

It stands to reason that when wealth and status reach Zhang Lei's level, it is not uncommon for him to have a little lace news with female stars.

However, Zhang Lei is more special, he is with a male star.

Fortunately, Lin Yi did not ask himself to verify the authenticity of this matter, otherwise he might be blown out on the spot.

Zhang Lei gave a calm and powerful handshake, and then said with a smile: "Lin Yi, Jane is my junior sister, she talked to me about you the last time you started your business."

"She was still sorry for you when you sold the website to Wang Xing before, but I didn't expect to come up with a new business so quickly, and poached Jenny herself, which is something I haven't done."

"Although I have long known your youth, I was still very surprised when I actually saw you, and your appearance seemed to remind us that the afterlife is terrifying."

The big guy gives face like this, and it is naturally a good phenomenon that there is a lot of closeness between his words, and Lin Yi will not be ignorant of lifting.

"I have been a real admirer of Mr. Zhang for a long time, and being able to come to Kaolin Capital today to see Mr. Zhang's true face of Lushan can be regarded as fulfilling a fan's little wish."

Lin Yi cut straight to the point, if today is an interview, it has officially started from this moment.

Zhang Lei was at the other end of the conference table, crossed his arms and asked with a smile, "Lin Yi, what do you think about the online car-hailing business?"

Lin Yiyi was of course prepared with Liu Jianni before he came, and he said: "The online car-hailing business is essentially a manifestation of the transformation of the real industry by the Internet in the context of the popularization of smartphones."

"The service he provides is to get passengers from one place to another, which is not much different from the traditional taxi industry. and our recently launched chauffeured car business, which also relies on existing car rental companies."

"In that case, wouldn't the ride-hailing industry have any value?"

"Of course my answer is."

"Through our mobility platform, it has made processes that are inherently uncertain and controllable and controllable. The passenger will know if he can get a taxi or not, the driver will know if he can pick up the customer, this is the simplest example, in fact, the whole transaction process has been reinvented."

"We can confidently say that ride-hailing apps have helped drivers reduce empty driving rates, helped passengers optimize the ride-hailing process, and improved the ride-hailing experience, and that's just what we've done."

"In fact, the reason why Uber is so popular in the United States is that it introduced the concept of sharing."

"People spend an average of 100,000 or 200,000 yuan to buy a private car, but most of the time they park in their homes or in the underground garage of their company, which means that we spend 100% of our money for 5% of the time, which is a huge waste."

"If we can further deepen and realize the concept of shared mobility, so that every seat in every car can be fully valued, then we don't need so many vehicles on our streets."

"There aren't so many people who need to learn to drive, and if you can easily rent travel resources anytime, anywhere,

Then owning a private car becomes a backward concept."

"Of course, we can't reach that point for the time being due to various restrictions, but this vision of a bright future is predictable, practical, and will become a reality sooner or later."

"The ride-hailing industry must have created value, and that's the foundation of its existence, so it's going to continue to grow and not die no matter what."

Lin Yi's theory is not his originality and invention, and Zhang Lei's role as an investor must have been exposed to it a long time ago, he did not refute or comment, but just asked:

"Then what do you think of the future of Wanli Travel in this industry?"

This question is also to be expected, and Lin Yi stressed to him: "First of all, Wanli Travel has established a leading position in the domestic online ride-hailing industry, and has maintained it for a long time."

"Judging by the futile challenges of other competitors over the past few months, this position is now solid, long-term and sustainable."

"As the ride-hailing industry continues to develop, such as the recent emergence of the chauffeured car business, and the foreseeable mobilization of more transportation resources in the future, Wanli Travel will share the biggest benefits."

"I know that Kaolin Capital and Mr. Zhang have always advocated the concept of value investment and believe in long-termism, which coincides with the development of Wanli Travel and the entire ride-hailing industry."

Zhang Lei smiled heartily, Lin Yi just said his own words, which was somewhat flattering.

Of course, these theoretical things cannot be said to be completely false, but they are too empty as the basis for investment decisions, and as an investor, he sees it more realistically.

"To be honest Lin Yi, Kaolin Capital is not a pure wind *** division, we usually don't make a move at the stage you are at now."

"Although you won the largest market share in the subsidy war at the beginning of the year, your business model is essentially no different from Dudu and Kuaidu, and with the emergence of Uber, your moat is actually very shallow."

"Lin Yi, it's not a problem for me to invest in the taxi industry or to invest in you, but you have to give me a convincing reason."

His words are already polite, the concept of moat refers to the irreplaceable advantages of others, and it is difficult to talk about it now.

Kaolin Capital is very different from Shen Jugang's Hongshan and other venture capital institutions, because it is not a leading company at all.

The company that Mr. Zhang founded came to be known as Asia's largest private equity fund, in other words, he was seen as a PE, not a VC.

A notable feature is that Kaolin Capital manages a very large amount of funds, more than $100 billion.

The larger the size of the fund, the better, because the larger the amount, the higher the management difficulty and cost, which may lower the overall return.

Well-known venture capital firms wouldn't do this even if their ability to raise money wasn't a problem, because they wouldn't have spent that much money if they were only engaged in early-stage investments.

Therefore, Zhang Lei did not limit himself to the primary market, in fact, he also has a large layout in the secondary market, and Gao Ling's later major projects, such as Gree and Belle, are all listed companies with hundreds of billions of yuan.

The good news, though, is that he's really rich.

Therefore, Liu Jianni said that if Zhang Leiken pays money, the amount of this round of financing will not be a problem, considering his usual generosity, it is likely to exceed expectations.