Winning the new financial era

Chapter 294 The Ambition of One Billion Overseas Users

"The most successful company going overseas?"

Lan Lan smiled and said, "I heard that right! Who commented? Mr. Liu, did you comment?"

Old Liu Zhuang blushed, knowing that it was exaggerated, and said bravely: "In terms of the number of users, it is indeed the one with the largest number of users in China's overseas companies!"

"There are a lot of users, can I exchange money?"

Lan Lan's words pointed directly at the core. Chizicheng has no users, and its ability to monetize is extremely poor.

"Why can't I exchange money?"

Liu Zhuang was not happy, and said: "Mr. Lan, haven't you Ruixiang not fully profitable? You have been subsidizing the mobile payment market.

Newborn City is similar to your Ruixiang, both belong to the stage of subsidizing users in the early stage, and it is far from the moment of full profit.

This is the same as raising fish in a pond, you have to let the fish grow up before releasing the water to catch the fish!
At this stage, it is too short-sighted to fish in the dry lake!Far from maximizing the benefits! "

"I'm afraid this pond, there is a loophole, and the fish have escaped!"

Liu Zhuang frowned and asked, "Mr. Lan, what do you mean by that? Is there any loophole in Chizi City? Please point it out."

"The loophole is that there are not enough active users, the use time is too short, there is a lack of advertisers, and the commercial monetization ability is poor."

Lan Lan mercilessly exposed Chizicheng's various flaws, and Liu Chunhe, who was sitting by the side, blushed, but his skin was dark, so he couldn't be seen much.

Liu Chunhe also knew that what Lan Lan said was basically true, and if these defects could be resolved, a zero would probably be added to the valuation of Chizi City.

After all, Liu Zhuang was a middle-aged man. Although he was angry, he was not as big as a young man. He suppressed the anger in his heart and asked, "The Chizi City is so bad in Mr. Lan's eyes. Why did Rui Xiang buy it?"

Lan Lan smiled confidently, "We have the confidence to make up for these loopholes!"

"How to make up for it?"

Liu Zhuang smiled disdainfully, "There are loopholes that can be repaired? I'm afraid it's not the reason Mr. Lan asked to lower the price!"

"Ruixiang doesn't bother to find these reasons, because the data can't tell lies, and the various operational data of Chizi City are here.

With an annual revenue of less than 1 million yuan and a net profit of 3000 to [-] million yuan, Ruixiang has given nearly a hundred times the PE.

I think everyone should be satisfied with this valuation! "

Lan Lan’s words made several investors frown. It sounds like a hundred times PE is really good, but what about the 3 million users of Chizicheng?

A user costs 10 yuan, which should be 30 billion!
"The Solo system product matrix has 2500 million daily active users, 8500 million monthly active users, more than 2 million Google Play installations, and users covering more than 5000 countries around the world..."

Liu Zhuang started to list these scary numbers again, which sounded awesome, but he couldn't make any money, so it didn't matter.

Zhang Yida didn't speak, just listened silently.

"Solo Launcher and Solo Lock Screen Master won the title of "Global Top Developer" issued by Google, which is the best achievement achieved by Chinese Internet companies since the history of globalization.

These data, these honors, all prove the value of Chizi City.

It's just that Newborn City has not found a way to make large-scale profits now, but with so many users, sooner or later it will dig a gold mine. "

Liu Zhuang spoke with spit, as if a great company was about to be born.

Wu Shichun couldn't stand it anymore, and after Liu Zhuang finished speaking, he looked at Zhang Yida and said, "Mr. Zhang, the valuation of 20.4 billion is indeed a bit low, how about adding it to 30 billion?
10 yuan for a user is definitely not expensive.

In addition, I believe Mr. Zhang, you have found the trick to make Chizicheng a huge profit!
After you buy the Newborn City, you can definitely earn a profit far exceeding the purchase price.

If we withdraw decently, you will not suffer! "

"Why don't I suffer? An extra billion is not money!"

Zhang Yida slandered a few words in his heart, and replied with a smile: "Mr. Wu, you are just joking. Chizicheng started to go to sea in 13 years, and it has been three years now.

Liu Chunhe Liu is always a great CEO, he knows this company better than any of us.

He didn't find a way to make a substantial profit, how could I find it?

You also know that Ruixiang, Huimin Travel, Yimin Wangjin, and Doushi, these four companies under my umbrella are all going overseas.

I am very interested in going overseas on the Internet.It just so happened that at the Marina Bay Sands Hotel in Singapore, Chunhe approached me again to talk about cooperation, so I learned a little about Chizicheng and Chunhe’s entrepreneurial story.

A poor student, 7 years ago, told his classmates and friends: I want to create a company that changes the world, a great company.

But at that time, everyone who heard the "boast" of this humble student felt that the "great" declaration could not be realized.

This poor student is Chun He.

Of course, my humble student is a neutral term, including myself.

From the valley of Rongcheng, he was admitted to Peking University and changed his destiny. "

Liu Chunhe straightened up on the side. He didn't expect that he would be rated so highly by Mr. Zhang, and he was very moved.

Lan Lan, who knew Zhang Yida better, suppressed her laughter. Are you still poor?She has heard the story of Rui's investment in 100 million angels.

There are also poor ravines, did you bully me not to learn geography?Is Rongcheng a plain?

The other investors in Newborn City were attentively listening to Zhang Yida's words.

Zhang Yida continued: "Chunhe founded Chizicheng in 09 when he was studying in Beijing Post and Post Graduate School, from the start of off-campus training courses to the confirmation of the entrepreneurial direction in 2013.

During this period, I have been exploring and accumulating, exploring business models and directions, and accumulating social experience and human resources.

Under the huge business opportunity of the development of the mobile Internet, Chunhe decided at the beginning of 2013 that the direction of the Newborn City was the mobile Internet entrance.

It was half a year earlier than I founded Ruixiang, but we all have one thing in common, that is, we are targeting the mobile Internet market.

When working as a Solo Launcher, Chunhe only had 4 employees around him, and he was still working on R&D and product production in a private house in the capital. Life was very difficult.

The private house is both an office and a residence. When I am tired of writing code, I go to the room to lie down for a while.Woke up and started coding again.

In this regard, I am luckier than Chun He.Beijing University has provided Ruixiang with the office of the Innovation and Entrepreneurship Center from the very beginning.

As for the choice of market, Chunhe told me this: First of all, in the context of Internet globalization, especially the mobile Internet, China’s Internet has developed rapidly and has begun to catch up with overseas countries, so it is an inevitable trend for Chinese products to be exported overseas.

The second is that the overseas market is vast, and the last is that the infrastructure for overseas development has been perfected. "

Zhang Yida looked at Liu Chunhe again, and asked, "Chunhe, have you ever said this sentence: If overseas users cannot reach 10 billion, Chizicheng will not set foot in the domestic market?"

"Correct!"

Liu Chunhe was determined, "If it can reach 10 billion overseas users, it means that the products of Chizicheng have become a big success, and it is qualified to return to China to wrestle with the giants.

If not, it means we still need to practice! "

"Listen!"

Zhang Yida pointed to Liu Chunhe, "This spirit of never repaying Loulan needs to be learned by many domestic entrepreneurs who are willing to keep their achievements.

This is also one of the things I admire most about Chun He.

Grow in adversity and never admit defeat in the face of difficulties and obstacles!
From its establishment in 09 to its first angel investment in 14, Newborn City has been through five years.

A whole five years!Ruixiang was founded less than five years ago.

If I hadn't received the investment from Zhenke Fund and Heishan Capital, I might have shut down Ruixiang, let alone stick to it for five years. "

"Mr. Zhang, you are too serious!"

Wu Shichun shook his head and said with a smile, "I've heard from a lot of mutual fund bosses that Ruixiang has only been in business for a month or two, and they have made millions of dollars from them.

These companies have contributed tens of millions of profits to Ruixiang!

Even if Ruixiang has not obtained financing, it should persist, right?It's just that the speed of development is not as fast as it is now. "

"Hey, that's why I am also very grateful to Yiyindai and Pashoudai, these old customers!"

Zhang Yida nodded in acknowledgment, and said, "Having said so much, I actually want to express a point of view. Compared to the company, I admire Chunhe more.

Ruixiang, Huimin Chuxing, Yimin Wangjin, and Doushi follow-up all plan to give part of their overseas business advertisements to Chizicheng.

If there are too many, I can't guarantee that it can still contribute tens of millions of revenue to Chizi City a year. "

Liu Chunhe remembered that Zhang Yida didn't say that the other day. Where is the advertising business?
But Liu Chunhe won't tell the truth. If he tells the truth, are these investors in Chizicheng still up for grabs?

If Zhang Yida ran away in anger, he would be caught blind, and a large number of advertising cooperation orders would fly away.

Wu Shichun's eyes were full of suspicion, he would not believe Zhang Yida's nonsense.

Appreciate a person, just hold his company?

Wu Shichun felt that Zhang Yida must have held the key to making Chizi City profitable.

But if Zhang Yida isn't allowed to hold the controlling stake, they won't be able to make a lot of profits by guarding Chizicheng.

At the same time, he was not reconciled to letting go just like that, the rate of return was too low.

All these years, he has been waiting for the next project with a return of 1500 times.

Toutiao was promising, but he was too late.

It will cost hundreds of millions of dollars to make another move. This puts a lot of pressure on him as an early investor, so he can only give up.

"Mr. Zhang, you have a big business, let's add a little more. The 20.4 billion is really low." Liu Zhuang said aloud.

"Boss Liu!"

Zhang Yida looked at Liu Zhuang and said, "One-time cash withdrawal is not an opportunity that comes at any time.

I am an entrepreneur myself, and I am no stranger to valuation bubbles in the primary market.

In the past few years, Chizi City has been listed, and it is hard to say whether it can maintain the valuation of the primary market. "

Liu Zhuang smiled awkwardly, knowing that he had met an expert. There was too much hot money in the market in the past two years, and the valuation of each project was getting higher and higher.

In a few years, it is really hard to say whether these unicorn companies will break their fortunes when they go public, or whether the valuation of the primary and secondary markets will be inverted.

Internally, the company tends to sell the shares of Newborn City, but the price needs to be discussed.

In eight months, 1.8 million earned 1.6 million, and the annual rate of return was 150%. It is a successful investment case no matter what.

Seeing Zhang Yida's reluctance to let go, Liu Zhuang, who had finished using the three nails and rakes, no longer hesitated, and said, "That's fine! Then my old Liu will give Mr. Zhang this face. But I have a requirement, that is, the purchase price must be paid in one go. clear."

Du Li, Zhou Weili, and Wu Shichun looked at each other, all of them were speechless, but Liu Zhuang yelled the hardest and was the first to surrender.

Wu Shichun also sighed, and his allies also surrendered. The management team led by Liu Chunhe also supported Ruixiang Holdings, and he was also very helpless.

"Okay! Mr. Zhang, you won! I hope Chizi City can create greater brilliance in your hands."

Wu Shichun got up and shook hands with Zhang Yida, knowing that the matter had come to an end and it was irreversible, so he simply formed a good relationship.

Wu Shichun took a deep look at Zhang Yida, wanting to see some clues.

But Zhang Yida looked as usual, just nodded to Wu Shichun and said, "Thank you, Mr. Wu for your support!"

Du Li and Zhou Weili were quite satisfied with this valuation. Seeing that the other two agreed, they also nodded in agreement.

Then Zhang Yida arranged for a series of equity change procedures, and took 13.26% of the equity of Chizicheng at a price of 65 billion yuan, becoming Ruixiang's holding subsidiary.

The result is naturally happy for everyone, especially the three early investors including Wu Shichun, who all got hundreds of millions of dollars, and got returns ranging from dozens of times.

But Wu Shichun always felt that he was at a loss, and secretly made up his mind to pay more attention to Chizicheng's actions in the future.

(End of this chapter)