As soon as Didi showed signs of decline, players from all walks of life came on stage.

Magnesium Tuan, Amap, and Qiandu Map entered the game, plus other small and medium-sized taxi-hailing software, and DiDi's glory suddenly disappeared.

Didi's valuation once reached 80 billion US dollars, and then fell back to more than 50 billion US dollars.

In the meantime, several rounds of financing occurred.

If we invest now at a valuation of more than 50 billion US dollars, we might even lose money.

Anyway, in his previous life, Zhang Yida saw Didi shareholders changing hands of Didi’s old shares at a valuation of US$40 billion.

"$6 billion, all-cash acquisition."

Zhang Yida decided that he still couldn't take Didi's shares, even if he could sell the company at a cheaper price.

“All cash?”

Xue Cunhe was surprised, smiled and shook his head, "This is unrealistic and illogical!

Even if Didi completes this round of financing, it will only have just over US$13 billion in cash on its books.

If nearly half of the funds are used to acquire Huimin Travel, what will happen to its own business?"

"Wouldn't it be nice to raise another round? Or wouldn't it be nice to raise a larger round of financing, 10 billion U.S. dollars? It sounds more domineering than raising billions of dollars.

Moreover, it can also create a global single private equity financing record in the Internet field. This is all living advertising."

Xue Cunhe shook his head and laughed. He wanted to say something: Do you have any misunderstanding about 10 billion US dollars?

Internet companies that can raise hundreds of millions of dollars before going public are considered to be well-known in the industry.

Raising billions of dollars is rare in the world.

As for more than 10 billion US dollars, Xue Cunhe has never seen it in his career.

"Yida, I can only say that we will try our best to talk, but I can't guarantee that it will be successful.

Try to make the purchase price and cash ratio as high as possible!”

Zhang Yida nodded and said: "By the way, I have another condition, that is, after Didi acquires Huimin Bicycle, the cooperation between Ruixiang and Huimin Bicycle cannot be terminated.

Cooperation agreements including Mobao Payment, Mung Bean Credit, Mini Programs, etc. have to be re-signed for a period of five years."

Xue Cunhe smiled, knowing that Zhang Yida was afraid of Ah Li behind Didi.

He nodded, "Okay, I'll add this one too."

Zhang Yida thought of deposit financial management and quickly added another thing.

Deposit financial management and Duruimin financial management are too important. If they are suddenly removed from the shelves, it will cause panic among users, which will be troublesome.

Large-scale withdrawal of funds by users will cause great trouble to Ruimin Financial Management.

If a run occurs, the risk will still be passed on, and Huimin Travel will not be able to survive alone.

Xue Cunhe obviously knew how powerful he was, so he complied with this request.

After all the conditions were negotiated, Zhang Yida said: "Then let's inform the other shareholders and let's have a meeting together."

Then, Huimin Travel held a shareholders’ meeting.

Selling yourself?

When a group of shareholders heard about this meeting topic, they exploded.

Didi has been in the limelight in the past two years and is a super unicorn with a valuation of tens of billions of dollars.

Most people think that selling to Didi is not bad and he is a good buyer.

Some time ago, with the withdrawal of two shareholders of Matrix Partners and Jinshahe Venture Capital, many other shareholders also retreated.

They were also wondering if the Huimin Traveling ship was going to sink?

Because Xu Xiaoming and Shen Beipeng were relatively close to Zhang Yida, they both cast inquiring glances at the conference.

Zhang Yida nodded to them, indicating that there was no problem.

Then Zhang Yida said: "We are still in the negotiation stage, please don't let the news leak out.

The reason why we chose to "merge" with Didi is because one plus one is greater than two.

We are number one in the field of shared bicycles, but we missed the opportunity in the field of online ride-hailing;

Didi is the opposite of us. They are number one in online ride-hailing, but they have missed out on shared bicycles.

If we merge with them, we can also form complementary businesses and create greater value for shareholders and users..."

Zhang Yida explained a little more and then announced the voting.

No one objected, and the resolution to sell oneself was passed unanimously.

After the resolution was passed, the negotiation team began to be formed.
Chapter completed!