"Mr. Zhang, in your mind, what is the current valuation of Ruixiang?" asked Tong Shijie, representative of GGV Capital.

"Yes, Mr. Zhang, let's talk about Ruixiang's current valuation. If the valuation is reasonable, we can also cash out part of it and reduce the pressure on the management team."

Gan Renping from Qiming Venture Partners also said with a smile.

"They are all old foxes! They also talk about reducing the pressure on the management team. If you want to cash out, just say so." Zhang Yida thought to himself, but when the returns are huge, it is normal for people to want to cash out and leave.

Venture capital’s original job is to buy low and sell high!

Zhang Yida asked Song Caiwei to send an operating data report and financial report to each of the investors present.

Zhang Yida sat in the front seat and said:

“So far, the total number of registered users of Toufonghui One Account has exceeded 190 million, and it is expected to exceed the 200 million mark before the end of the year.

As of the Q3 quarter, Ruixiang Group's net profit, after deducting R&D investment and Mobao Pay user subsidies, was 800 million yuan, approximately US$130 million.

This number, including the Q4 quarter, will definitely exceed US$200 million.

The seven major financial supermarkets and Tiance Technology generate the vast majority of net profits, Mung Bean Credit, Hantai Fund, and our consumer finance business (Investment, Finance, IOUs, wallets) are developing.

In the future, these emerging businesses will become our new profit growth engines, even exceeding the net profit of existing businesses.

In terms of cutting-edge technology, our cloud computing and big data businesses have made major breakthroughs, and Ruixiang Financial Cloud is about to be launched on the market.

We have also achieved multiple patent registrations for AI and blockchain technology, and we are not far away from bringing them to the market for commercial use.

The core product Mobao Pay has access to more than 9 million merchants. There are 60 million small and micro merchants across the country, and the coverage rate has reached 15%.

Mobao payment transaction users exceed 50 million, and the number of transactions in a single day exceeds 10 million.

During the same period, there were 190 million active transaction users on Alipay and 200 million users on Penguin Tenpay.

According to iResearch report data, in the third quarter, the mobile payment market structure of the third-party payment market was stable, with Paywallet, Lakala, Tenpay, and Mobao Pay ranking at 74.28%, 7.49%, 7.37%, and 4.98% respectively.

Ranking among the top four in the market.”

Zhang Yida glanced at the crowd and smiled slightly:
Chapter completed!