Winning the new financial era

Chapter 236

The next day.

Sudirman Central Business District.

In the spacious and bright meeting room, Zhang Yida introduced to everyone: "This is Mr. Huang Xiwen from the Jinguang Group."

Standing beside Zhang Yida, Huang Xiwen was well-dressed in a high-end suit.

He stepped forward to shake hands with GoJek CEO Makarim, Traveloka CEO Philip, Tekopedia CEO William, and RPay CEO Anping and others.

All four of them, including Anping, had heard the name of the Jinguang Group. Although they were a little surprised, they didn't ask.

Zhang Yida continued to introduce: "This is Mr. Li Chuan from Lippo Group."

Li Chuan stepped forward and shook hands with several people. The expressions of the four people were very exciting, especially the three Indonesians including Makarim.

When they looked at each other's Chinese faces and heard their surnames, they basically guessed the real identities of Huang Xiwen and Li Chuan.

Children of the chaebol!

Seeing their curious faces, Zhang Yida greeted them to sit down, and said, "We're calling everyone together today to discuss capital increase and share expansion.

Both Jinguang Group and Lippo Group intend to invest in RPay, and let’s make the cake bigger together. "

Philip and William's eyes lit up. They are both Chinese, so they are naturally closer to the Chinese.They are very happy to have this opportunity to connect with the two big Indonesian Chinese chaebols.

Makarim is different. He was born in an Indonesian indigenous political family, and he considers himself to be no worse than the two, and even more noble.

He speculated that Zhang Yida's move to win over the Chinese chaebol might weaken GoJek's shares, which he could not tolerate, but he did not express his position for the time being, and wanted to hear what Zhang Yida had to say.

Zhang Yida added: "I don't need to introduce the situation of Jinguang Group and Lippo Group in detail. Everyone here should know it well."

Zhang Yida turned his head to look at Anping again, and asked, "Anping, you have been working in Indonesia for half a year. You know the situation of these two major groups, right?"

"I know!" Anping Chick nodded like pecking at rice.

Anping now admires the boss even more. Even the two major Chinese consortiums have joined the chariot of RPay. The future is bright!

An Ping is an old man who joined Ruixiang earlier. He was born in Qiandu and was originally the HR and administrative manager of Ruixiang.

His work ability is outstanding. After the establishment of RPay, Zhang Yida transferred him to Indonesia, who had never served as the general manager of the business group, to serve as the CEO of RPay, a holding subsidiary.

Ruixiang sent [-] to [-] Chinese employees to Indonesia, who are unfamiliar with the place, so the personnel and administrative work is particularly important.

After Anping came here, he did a good job. Whether it is a Chinese employee or an Indonesian employee, they are well managed.

Zhang Yida continued: "Among RPay companies, Ruixiang provides technology and models, and GoJek, Traveloka, and Tekopedia provide application scenarios.

The Lippo Group has dozens of banks and financial companies, and their participation will be of great help to RPay in developing richer financial services in the future.

In addition, there are many supermarkets and shopping malls under the Lippo Group, such as: Indonesia's largest department store chain group, Matai Harry Department Store, Robinson's Department Store in Singapore, Little John's Department Store in Singapore, Malaysia and Malaysia. Sarah's...

The cooperation between Lippo and RPay will greatly enrich the offline usage scenarios of RPay and expand its business to Singapore and Malaysia.

In addition to Indonesia International Bank, Jinguang Group also has a large number of hotels and properties..."

He Qingxuan, who was sitting on the sidelines listening to the meeting notes, was also very surprised to hear Zhang Yida's description of the two major groups.

Yesterday she saw Li Chuan's ostentation. After returning to the hotel, she searched for "Libao Group", and the amount of information that came out surprised her.

Another Jinguang Group came today, and she guessed it should be a big chaebol, so she will search after the meeting.

"In a word, the joining of Sitai Group and Lippo Group will greatly enhance the strength of our RPay.

What we lack the most at present is time, and now a number of mobile payment companies have emerged in Southeast Asian countries.

If we cannot seize the market as soon as possible, what awaits us will be endless commercial wars.

Just like our subsidy war with WeChat Pay and Alipay in China, we lose hundreds of millions of dollars every year. "

Makarim, the CEO of GoJek, asked a question. He asked, "In Mr. Zhang's opinion, how will this round of capital increase and share expansion be carried out?"

Zhang Yida asked Anping: "Talk about RPay's current operating data and valuation."

Anping opened the folder on the table and read: "RPay currently has more than 500 million registered users, and more than 100 million daily active users... The operating income is 121.7 million US dollars, and the net profit is -608.6 million US dollars.

Estimated at $1 million. "

"With only 100 million daily active users, the valuation is 1 million U.S. dollars." Huang Xiwen expressed objection to this.

Makarim took a look at Huang Xiwen and said, "With 500 million registered users, each user is only valued at $20. I think the valuation is too low."

Li Chuan supported Huang Xiwen: "The key is that the existing 500 million registered users are all obtained from subsidies, and the future retention rate is hard to say.

Based on the number of daily active users, I think $50 is more reasonable, that is, RPay is valued at $5000 million.

As far as I know, when RPay was established, all four of you jointly invested $500 million! "

Makarim retorted: "Although the cash injection was only US$500 million, Sharp provided various mobile payment technologies and patents, as well as dispatched a technical and operational team of 80 people from China. These are also resource inputs.

In addition, we, GoJek, Traveloka, and Tekopedia, have been sparing no effort to help promote RPay in the past six months, and have not even charged a penny for advertising.

These can also be counted as a resource input. "

"Mr. Makarim, don't get excited. Even if these resources are converted into it, it is estimated to be 500 million US dollars, plus 500 million US dollars in cash, and 1000 million US dollars will be fine.

We are willing to give a pre-money valuation of $5000 million.In half a year, this has also doubled by 5 times! "

Li Chuan is also a top student who graduated from Wharton Business School. Facing Makarim, a graduate of Harvard Business School, he had a good argument.

Philip and William are of course also inclined towards a valuation of 1 million US dollars, but they are afraid of offending the sons of the two big chaebols, so they just beat the side drums and remained neutral most of the time.

Seeing that they had been discussing for a while, Zhang Yida was still at a stalemate, and suggested, "What about this, both sides take a step back, and the valuation is 8000 million U.S. dollars."

Zhang Yida's speech was very useful, and Li Chuan and Li Chuan nodded in agreement. Makarim wanted to fight, but seeing Zhang Yida's impatience, he was afraid of offending the GoJek investor and major shareholder of RPay, so he gave up.

After negotiating the valuation, Zhang Yida said, "Then let's talk about the financing scale. The development of RPay is a bit slow. I suggest that this round of financing should not be less than 5000 million US dollars. Everyone, what do you think?"

Makarim, Fili, and William all nodded in agreement, and Zhang Yida said, "That's all right, Ruixiang leads the investment of 2500 million US dollars, and Sinarma Group and Lippo Group each invest 1250 million US dollars."

As soon as Zhang Yida finished speaking, Makarim objected: "No, GoJek will follow suit."

Philip and William did not object, and were going to sell the two big chaebols to save face.

"How much do you want to follow?" Zhang Yida asked Makarim.

Makarim said with some embarrassment: "I want to follow up with the investment of 250 million US dollars."

Zhang Yida frowned, and said: "You raised a total of 500 million US dollars in the last round of financing, and you have already invested 85 US dollars in RPay.

This time you also invested $250 million. Does GoJek still have development funds? "

Makarim looked at Zhang Yida firmly, and said, "I want GoJek to launch a round of financing, and then use part of the money to invest in RPay."

Zhang Yida was also convinced by Makarim's coquettish operation, and asked him: "If you do this, it is equivalent to diluting Gojek's shares in exchange for RPay's shares. Is it worth it?"

"It's worth it, because Gojek's current valuation is higher than that of RPay, but I am quite optimistic about RPay, and I think that the valuation of RPay will not be lower than that of Gojek in the future.

This kind of "share exchange" is not a disadvantage for Gojek. "

Zhang Yida glanced at Makarim, this brain is quite easy to use.

"Then what is the current valuation of GoJek? Either Ruixiang will continue to invest in you for a round, or Ruixiang will help you pay the 250 million US dollars, and you can convert the shares to Gojek for us."

Makarim thought for a while and said: "In this way, Gojek is valued at 2.5 million US dollars, and I personally transfer 1% of the equity to Ruixiang. With the 250 million US dollars that Ruixiang gave me, I will invest in RPay in my own name."

Makarim calculated well. Gojek currently does not have the strength to play this kind of capital game, but he is very optimistic about RPay.

For Gojek, the dilution of his RPay equity is basically a foregone conclusion, and he has no way to reverse it.

From his personal point of view, exchanging his personal Gojek equity for a small portion of RPay equity can greatly diversify risks.

In the future, if one of the two projects succeeds, both of them can bring him rich returns.

He knows that China Ruixiang has a valuation of nearly US$300 billion. If RPay has a valuation or market value of US$80 billion in the future, he will be very content.

Even if Gojek does not develop smoothly, goes bankrupt, and the RPay equity held by him is forced to repay the debt, it will not affect his personal RPay equity equity.

"Okay, I promise you."

For Zhang Yida, the valuation of Gojek is only US$2.5 million, which is not expensive at all compared to the valuation of US$[-] billion a few years later.

After the negotiation was settled, several people signed a letter of intent for investment, of which Ruixiang invested 2500 million US dollars, Sitai Group and Lippo Group each invested 1250 million US dollars, and Makarim personally invested 250 million US dollars, a total of 5250 million US dollars.

After completing the capital increase and share expansion, the valuation of RPay will be pushed up to US$1 million.

Sharp’s direct shareholding ratio increased slightly, from 49% to 49.66%;

The shareholding ratio of the three founding shareholders of GoJek, Traveloka and Tekopedia dropped from 17% to 10.07%;

Jinguang Group and Lippo Group will each hold a 9.43% stake in RPay;

Makarim personally holds 1.89% of the shares.

At the same time, Ruixiang will also help Makarim advance 250 million US dollars to obtain 1% of the equity transferred by the other party, so that Ruixiang's shareholding ratio in Gojek will increase to 10.1%.

Looking at the smiling Makarim, Zhang Yida sighed, this brother has done a good deal!As expected of a graduate from Harvard, the drought and flood guarantee the income.

Zhang Yida has been very worried that GoJek will go solo in the future and launch its own mobile payment products.I thought to myself, this 1.89% share may be difficult to tie the other party.

Zhang Yida didn't bother to think about it. As long as RPay is strong, Gojek will not be afraid to fly solo in the future. The first-mover advantage lies here, not to mention the two Chinese chaebols.

Worst of all, there is GrabPay, buy a double insurance.

Li Chuan and Huang Xiwen are also very happy. With Zhang Yida in charge, RPay's prospects will not be bad.

After the meeting, Li Chuan said to Zhang Yida: "We, Lippo, have decided to invest 1 million U.S. dollars in your Ruixiang Phase III Industrial Fund."

Zhang Yida was a little dazed, Li Chuan asked him: "What's the matter? Don't you think it's too little?"

"No!" Zhang Yida waved his hands again and again, and said with a smile, "It's just that happiness came too suddenly."

"What are you talking about?" Huang Xiwen asked beside the two of them.

"As for the investment from the industry fund, we Lippo will contribute 1 million U.S. dollars. What about your Jinguang? How about 2 million U.S. dollars!" Li Chuan teased.

"Oh." Huang Xiwen came to his senses, and said to Zhang Yida, "By the way, my grandpa and my dad want to talk to you in person."

"Speaking of which, my dad also graduated from Peking University. It's still your senior brother!"

Zhang Yida smiled and said, "Well, I'm still a generation older than you."

Huang Xiwen was speechless.

　Thanks: handsome is also a kind of trouble, baby crystal fish, flowers are not flowers.Gossip, the lord of the thousand-year-old city, the great son 99999, the power of the people, the book friend 20180329200247166, T dream in dream t, this life is a mystery, only water is like a fish, waiting for a reward from book friends!

　　They are all long-term support book friends, thank you!Keep working hard!

　　
　
(End of this chapter)