Chapter 175: The Bubble Age

Lin Yi flew a special trip to the island country in order to see this side.

Son is a Japanese-Korean, who once claimed to be from Minnan Province, and the only thing that can be determined about his background is probably Asian, and it is not known if his identity will be confused.

For contemporary young people, he may be the most famous entrepreneur of the island country, after all, the god of management, Konosuke Matsushita, is really too old a historical term.

The SoftBank Group, founded by Masayoshi Son, is famous for its investment business, and one of the most classic examples in China is to give $20 million to Factory A, which has received thousands of times the return.

SoftBank has a close relationship with Factory A and Jack himself, so Wanli Travel directly followed the investment in the last round of financing, and this time Lin Yi saw the richest man in the island country for the first time.

Masayoshi Son also went to university in the United States, so he is very fluent in English.

"Welcome Lin Yi, I've been looking forward to meeting you, it's great that you can come over this time, you look younger than I thought."

Lin Yi said very modestly: "It was my rudeness, I should have come to visit when I negotiated with Factory A before, Mr. Majack has always praised you as a truly wise person he has ever met." ”

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"The reason why it has dragged on until now is not that I deliberately take it lightly, but that the competition situation between thousands of miles and the fast capital of the city, that is, the current competition situation in the new capital has been very anxious, so I can't get out."

The cultures of East Asia are relatively close, and no matter what nationality Son is, there will be no misunderstanding based on his experience in the rivers and lakes.

The so-called hearing the sound of the strings and knowing the meaning of elegance, he saw that Lin Yi took the initiative to mention Liuqing's new capital so quickly, so he no longer wasted time greetings.

"In that case, then you came to see me this time, presumably there is something to discuss?"

Lin Yi shook his spirit and said: "That's true, I came here this time for the next round of financing that Wanli Travel has launched, and I hope to get the support of SoftBank Group and yourself." ”

Son Masayoshi was not surprised, because although Lin Yi did not talk in detail before he came, he also showed his tone in advance.

"Wanlixing's last round of financing led by Factory A was only completed at the beginning of this year, and now it has only been a few months."

"I've read your financial statements, and the current capital reserves are still relatively safe, will it seem hasty to start financing at this time?"

Lin Yi naturally didn't mention the pressure on Liu Qing's side at this time, and he replied decently:

"As you may know, after the last round of funding, two of our main competitors are close to merging with Uber A."

"So the landscape of the industry that we're facing has actually changed significantly, and the intensity of competition has increased since then."

"We believe that replenishing our financial reserves in this situation is the key to being able to remain competitive in the event of any change."

Son was noncommittal, he asked: "You just mentioned the new capital after the merger, I think you should know that this is also the company we invested in with Factory A. ”

"This company has just changed its manager, I wonder what you think of Liu Qing and the new company after the merger?"

Lin Yi was secretly vigilant in his heart, he knew that SoftBank was already a shareholder of the other party after the merger of Dudu and Kuaidu, but he didn't expect Son to mention it in person.

Liu Qing kicked Cheng Wei away, and this one in front of him also has his share?

"I don't really have a lot of contact with Ms. Liu, and she met us twice when she was at Goldman Sachs, peddling her industry merger proposal."

"Judging from what she has done since she entered Dudu Taxi, she basically follows her original ideas, strives to achieve the integration of the taxi industry, and then obtains excess profits through a monopoly position."

"But I think that Ms. Liu Qing's understanding of the business of taxi-hailing software is still biased, otherwise there would not have been such a big storm recently, and you must have heard of this."

"In short, I'm not deliberately belittling her because she's my competitor, but I genuinely think that Wanli Travel has its own advantages, and we can handle it both and Uber A."

Son Zhengyi smiled and explained: "Don't misunderstand, don't have any worries, I don't want to divide between you and Liu Qing." ”

"Actually, I don't think the current competition between you Wanli Travel and Liuqing's new capital is completely necessary."

"It's like the U.S. market is big enough for two ride-hailing companies, Uber and Lyft, and if you're willing to give up the high cost of subsidies, I think you can survive together."

"Of course, I'm not trying to make peace between you, you're in a competitive environment that I can't feel, so I don't want to interfere in your management."

"There is only one point I want to mention, that is, I am optimistic about you, and it does not prevent me from continuing to be optimistic about Liu Qing and her new capital."

Lin Yi touched his meaning and asked rhetorically, "Has Liu Qing already looked for you?" ”

There was a hint of appreciation in Son's eyes: "Yes, and I have promised to participate in the next round of financing that she is promoting." ”

This guy has a big appetite.

Lin Yi finally confirmed that Son Masayoshi meant to eat both, and if that was the case, he had to ask one more question:

"Will you focus on us and Liu Qing?"

Son Zhengyi waved his hand heroically: "Not at all, you can rest assured, how much money I give you and how much I give her are completely independent decisions." ”

"I know you might be confused, and I don't mind opening the skylight with you to say something to you."

"Because I am very optimistic about the concept of online car-hailing and shared mobility, not only us, but all the investors who have bet have expressed it with real money, which may be the biggest wave in the O2O field."

"What is in front of you may be the opportunity to become the next Factory A and Jack, and SoftBank will naturally not sit idly by."

"In short, I don't care who wins and who loses between you and Liu Qing, I just believe that the potential of this industry has not been fully explored, and the growth space has not peaked."

"I don't just want to invest in you, I want to invest in both Uber and Lyft, and that's already being communicated."

Son, who seems to be open-minded, has reservations, and he did not explain that SoftBank was able to attack from all sides because it was preparing a fund of unprecedented size.

But Lin Yi just knew.

He thought about it, and it seemed that the SoftBank Vision Fund, which totaled a staggering $100 billion, was established in 2016, so it was no wonder that Son had such a big hand.

SoftBank was able to raise such a fund, of course, because of it, it was wronged, but it was also because of the investment miracle of Factory A for so many years that it had gained its reputation and made it feel good.

The entire ICT startup scene is in full swing, with an unprecedented boom in the venture capital industry, and countless unicorns popping up every year, and there is a frenzy up and down.

Now Son may not have imagined that when the industry goes down a few years later, this 100 billion dollar fund will face huge losses.

However, those have nothing to do with Lin Yi, and he has no obligation to remind Son Zhengyi to pay attention to investment risks, not to mention that even if he says it, he may not be able to persuade him.

SoftBank's investment style has always been aggressive, and it invested $20 million in Factory A that year, purely because Majack felt that he couldn't spend the 40 million he opened, so he repeatedly resigned as long as half of it.

He's the kind of super big guy you want 1 dollar and can stuff you 10 dollars.

So Lin Yide looked like he was stunned by this huge amount of money, and said gratefully: "Thank you very much for your kindness!" ”