Winning the new financial era

Chapter 73 Cutting the Leeks

"Justice League?"

Although Huang Xin also drank a little too high, he still felt that the name was too secondary. Looking at Zhang Yida's young face, he couldn't help but think of himself when he was young.

When I was young, I gave up my doctorate in the United States and returned to China to start a business.

It was my first time to start a business, and I set up a classmate network. At that time, I was as energetic as Zhang Yida, pointing out the country and promoting writing.

But not long after, he was beaten up by life and had no choice but to sell his classmate.com, ending his first business venture in despair.

Huang Xin couldn't help persuading:
"Yida, since you call me Brother Xin, I can't help but persuade you a few words.

When I first founded Classmate.com, I wanted to hate the sky and the air just like you, but the result?You should know that too.

Now we are still in the entrepreneurial stage, not yet mature.Compared with the giants, they are already adults, and we are very fragile children.

Do children fight with adults?
At this stage, I have two suggestions for you:

The first is to practice internal strength hard, first to lay a solid foundation for oneself.

The second is to accumulate grain widely and become king slowly.It's okay to pretend to be a grandson in front of the giants first, and let them buy a little share if necessary.

Don't fight against them at this stage, they have money, resources, and technology.You play against them, the best situation is a stalemate.

What should we do if we are deadlocked?Your peers will surpass you. "

Huang Xin had a serious face, and he also admired Zhang Yida, and couldn't bear to watch him jump into the pit before reminding him a few words.

Zhang Yida sobered up a lot after hearing these words.It's been too smooth for me to walk this way!
What if Ahri is currently promoting a 100 billion subsidy for mobile payment?
It is estimated that investors will persuade themselves to withdraw money!

If you have never beaten someone, you will not only be injured, but also have no medical expenses. If you do not do it well, you will lose your ability to work and you will not be able to take care of yourself.

The bottom is still too thin!Even a ruthless person like Huang Xin always smiles when facing giants.

Zhang Yida nodded towards Huang Xin and said respectfully:

"Thanks for the suggestion, Brother Xin. I will definitely think twice before acting."

Huang Xin glanced at Zhang Yida appreciatively, and said:

"There's some truth to that alliance you're talking about. But it's too early.

When the four of us add up to the market value of a giant, we can almost form this alliance.

Do it now, in addition to being generous, it will also expose the firepower and attract giants to encircle and suppress. "

Zhang Yida remained silent, feeling that he was indeed too immature and took things for granted.

……

The next day.

In the conference room of Magnesium Group, the negotiation resumed.

Investors from all walks of life are very opposed to Huayi Capital, a newcomer in the industry, taking a share of the pie.

In particular, Ari's opposition was the strongest, and Ari's investor representative directly released harsh words:

"If the share of Ari's investment in this round is less than 1.5 million US dollars, Ari will withdraw from this round of financing."

Come on, Ari’s shares can’t be moved, so let’s cut the shares of Blackshirt Capital and General Atlantic Investment!

Lei Dongming, on behalf of Huayi Capital, also attended the meeting and had a good fight with various investors.

The situation has been deadlocked, Huang Xin couldn't stand it anymore, and said directly:
"Ari's 1.5 million, and the other three are 5000 million each. It's decided like this, don't fight over it."

Huang Xin is still the major shareholder and the soul of the company, so speaking out is quite effective.

Ari guaranteed his share of the investment, so of course he had no objections.Although Heishan and Pan Pacific were somewhat dissatisfied, they could only hold their noses and agreed.

In the end, four institutions signed a C-round investment agreement with Magnesium Group. According to the pre-investment valuation of US$4 billion, Ali led the investment of US$27 million, Huayi Capital, Heishan, and Pan Pacific each followed with US$1.5 million.

Huayi Capital acquired 1.66% of the shares of Magnesium Group. Although it is not much, the three small giants in the mobile Internet era have all gotten on board.

In a year or two, Huayi Capital will become a star venture capital.It is almost foreseeable that a new generation of venture capital giants will rise unstoppably.

……

In the chairman's office of Yimin Financial Services Group, Zhang Yida looked at the operating data and financial statements on the table, and felt that he hadn't been here for a long time. This change is a bit big!
The turnover of Yimin Wealth has reached 13 billion, and the pending income is also 13 billion. At the same time, it has maintained a growth of [-] to [-] million every month.

The current total turnover of Yimin Wealth Management has reached 50 billion, with 12 billion to be received.The turnover in a single month has exceeded 10 billion, and it is still growing at a high speed.

The two platforms are combined, with a total turnover of 63 billion and 25 billion to be received.

The bet with Blackshirt Capital last year has been completed!
At that time, it was agreed with Shen Beipeng that the transaction volume of the platform will reach 14 billion in 50, and the VAM will be regarded as a qualified completion if the transaction volume reaches 10 billion.

If the transaction volume of 75 billion is completed and 15 billion is to be received, it will be regarded as a 50% completion of the VAM, and the black shirt capital will add 2500 million US dollars, and only occupy 10% of the shares.

Next month, which is the middle of the year, should be able to exceed this goal.

Without informing Shen Beipeng, I will give him a surprise next month.

Zhang Yida continued to read.

Yimindai’s online lending platform has begun to show its power. As of May, a total of 5 billion loans have been issued, and the monthly loan amount is still rising with more than 10 million yuan.

For Yimin Puhui, the two loan stores in Beijing and Rongcheng have issued a total of 3 million yuan, and a single store has exceeded 5000 million in a single month.

In addition, Yimin Wealth and Yimin Financial Management also provided Lefenqi and Miaofenqi each with 5 million yuan of funds for them to make cash loans and commodity installments.

In terms of income, the loan interest rate of Yimindai is 24%-36%, the average loan period is 4 months, and the 10 billion loans generate a total revenue of 1 million yuan.

Yimin Puhui mainly focuses on offline lending, with stricter risk control, lower risk pricing, an interest rate of 24%, and a longer loan period of 6-12 months. 3 million loans to create revenue of 5400 million.

Lefenqi and Miaofenqi are 10 billion yuan, the cooperation period is 3 months, the interest rate is 20%, and the revenue is 5000 million yuan.

The total revenue for 5 months is 2.04 million, of which the average user interest rate is 12%, and this part needs to pay 9700 million.

In addition, the sales and advertising marketing expenses are 7500 million yuan, and the salary of seven or eight hundred employees is 3000 million yuan.

In the end, Yimin Financial Services Group made a slight profit of 100 million.

Zhang Yida is a little relieved that Yimin Financial Services has been in operation for more than half a year now, and it is finally in balance.

But when he turned to the report on the bad debt page, he couldn't laugh anymore. Yimin Loan released 10 billion yuan, and the 2 million yuan that is currently due has only returned 1.8 million yuan in principal and interest.

The overdue rate is as high as 10%. Even if half of the debts are recalled later, there are still 5% bad debts.

Yimin Pratt & Whitney is stricter in review, and the overdue rate is as low as 6%.

The overdue and bad debt rates of Lefenqi and Miaofenqi are not very clear, because they signed a back-and-forth agreement.

Not only are their two platforms doing well in lending, they must repay all principal and interest with interest.

If you can't afford it, take the management's equity as compensation.

But fortunately, the current money has been given to Yimin Financial Services.

This overdue and bad debt is scary!
After writing off bad debts, it is estimated that Yimin, who has just made a profit, will suffer another loss!
So Zhang Yida immediately held an emergency management meeting. The main targets of the attack were Chen Shaojie, CEO of Yimin Loan, and Zhuang Chuguang, CEO of Yimin Puhui, and severely questioned them about the overdue rate.

Chen Shaojie said with a face of shame:

"Mr. Zhang, I'm mainly to blame for this matter. I optimistically estimated the domestic credit environment, and there was a mistake in the risk control in the early stage.

However, our risk control model has been quickly adjusted. If you look at the overdue rate next month, it will definitely drop by a large margin. "

Zhuang Chuguang is a high-level recruited from Yiyin Puhui some time ago. He has been in charge of managing dozens of offline loan stores in the northern region of Yiyin Puhui.You can be called a veteran of the lending industry.

He also criticizes himself:
"I am also responsible for such a high overdue rate at Yimin Puhui. It is because I am not rigorous enough in my work. Next, I will focus on the business department and the risk control department.

Starting from the source of incoming documents and risk control review, the overdue rate must be reduced. "

After beating the two, Zhang Yida praised Ding Siyao and Fan Hongyang again.

Because of the outstanding performance of the two of them, Yimin Financial Services has successfully completed the bet on the transaction volume and the scale of receipts, and is expected to receive rewards for overfulfilling the bet.

Finally, Zhang Yida concluded:
"Currently, Yimin Financial Services has gone through the most difficult period of time.

After the over-fulfillment of the bet next month, we can start the B round of financing.

Yimin will soon usher in a new round of take-off after obtaining a huge amount of capital.

At present, the company's business model has successfully run through, and it only needs to continue to expand the scale, and it will definitely be able to achieve large-scale profitability in the second half of the year.

In addition, I intend to officially launch the NASDAQ listing plan next year.

Of course, can it be listed successfully?How much can the market value reach after being listed?

It all depends on the hard work and dedication of all of you here.

Based on everyone's performance, I will conduct two rounds of equity incentives at the end of this year and in the middle of next year.

Therefore, the opportunity is given to everyone, and it is up to you whether you can seize it. "

As soon as these words came out, it was like a boulder being dropped from a calm lake, causing thousands of waves to roll up.

Everyone's hearts became restless. Fan Hongyang and Ding Siyao were fine. As the founders, they got a few points of shares.

Chen Shaojie and Zhuang Chuguang, who joined later, did not have this kind of treatment. They relied on equity incentives to get a share of the listing feast.

Fan Hongyang restrained the fluctuations in his heart, and asked tentatively:
"Mr. Zhang, are you in a hurry?"

Zhang Yida probably understands what he means. We have only completed the transaction for more than half a year, and we have just made some achievements. Are we considering going public?

Zhang Yida didn't want to be so early, but his brother Tang Lin will lead Yiyindai to ring the bell on the New York Stock Exchange in December next year, achieving the reputation of "the first overseas listing of China Mutual Finance".

Zhang Yida decided to grab the limelight, without him, the gimmick was too big.The company's brand has been directly upgraded to a higher level.

And many subsequent strategies and plans are inseparable from this tiger skin.

The conditions for listing on the New York Stock Exchange are too high, and the condition of making profits for three consecutive years alone has stuck Yimin Financial Services.

The minimum conditions for listing on Nasdaq are as long as the pre-tax profit of the company reaches US$100 million and the net assets reach US$1500 million, regardless of the operating period.

Or the company is not profitable, the condition is that the total assets, total income, and total market value reach more than 7500 million US dollars, and it can also be listed directly regardless of the operating period.

Zhang Yida looked at Fan Hongyang and said:
"Are you in a hurry? I don't think so!
We can start to make profits in the second half of this year, and next year will only make more profits. We can't reach the New York Stock Exchange, and Nasdaq is easy.

We must grab the title of "the first listed overseas mutual fund stock"!
Hey!

This American leek, I cut it off! "

(End of this chapter)