The conversation between Zhang Yida and the others was very lively, and Xu Xiaoming began to consider publishing a book.

Su Hua and the others were also uneasy.

The three of them came to another private room arranged by a high-end private club.

"I think we can agree. This US$10 billion can be said to be a certainty."

Chen Yixiao rubbed his hands and said with a smile: "Zhang Yida is such a smart person, how could he make such a stupid move?"

"Faint move? Are you sure?"

Zhang Fei looked at Chen Yixiao, shook his head and laughed. Fortunately, he found Su Hua back then, otherwise he wouldn't be as fast as he is today.

Although Chen Yixiao and Su Hua are both from technical backgrounds, the latter is far better at marketing, operations, and even understanding of social evils than the former.

Chen Yixiao is a good person, but he is a bit too honest.

Otherwise, when Su Hua was introduced and asked to pay 40% of the shares, he would not have agreed without blinking.

If this matter were left to other entrepreneurs, they would probably be at odds with each other long ago.

"You can't look at it this way. Zhonghe Group is merging with us based on the valuation one or two years from now."

Zhang Fei spread his hands and said, "For example, Zhonghe Group is a real estate development company, and we Kuaishou are the demolition households.

Now the developer is telling us, the demolition households: Please agree to the demolition immediately, give us the land, and give you a beautiful house in two years, and also give you some cash compensation."

Chen Yixiao touched his head and said with a smile: "Then should we agree to the demolition, or should we continue to be a nail household?"

Zhang Fei smiled again and patted Chen Yixiao on the shoulder, "I gave you this example mainly to tell you a truth.

The profits real estate developers make from demolishing and building houses will definitely far exceed those of the demolished households."

"This is natural," Chen Yixiao nodded, "How can ordinary people compare with real estate tycoons?"

"Yes," Zhang Fei saw that Chen Yixiao was finally on the same channel as him, and continued happily: "Are we just common people?

We are a unicorn company with over 500 million registered users, 90 million daily active users, and 190 million monthly active users with a valuation of tens of billions of dollars.

Therefore, we cannot be fooled by unscrupulous real estate developers like ordinary people.

If you want to demolish our house, at least give me a building!"

"Mr. Zhang, has your hometown been demolished?"

Zhang Fei glanced sideways at Chen Yixiao and said with a smile: "Not yet, a boss really wants to demolish it. Not to mention a building, I will at least want one more house."

Chen Yixiao started laughing, and because of Zhang Fei's serious attitude and his status as a well-known investor, he felt that he could really get it.

"Okay, okay, let's get down to business."

Su Hua attracted the attention of the two people and began to talk about his own opinions.

"I think we can agree to the bet, because after the equity swap, we are also shareholders of Zhonghe Group.

Zhang Yida's promise of a valuation of 80 billion also added an insurance policy to our equity properties.

Without this gambling guarantee, if Zhonghe Group does not develop as expected and its valuation drops to US$40 billion or US$20 billion, wouldn’t we be dumbfounded?”

Zhang Fei shook his head, "There is a risk of a decline in valuation, but looking at the development momentum of Zhonghe Group and the popularity of the short video industry, the probability of this risk happening is very small.

I think the short video industry can remain popular for at least another five years."

"Then we shouldn't agree to the plan proposed by Zhang Yida?" Chen Yixiao asked.

"I can agree, but I have to add some additional conditions."

…

“First, the betting period is set to one year, and Zhonghe Group must reach a valuation or market value of US$80 billion within one year.

At the same time, this valuation cannot be watered down in any way. The investment institution must be a well-known investment institution at home and abroad, with a financing amount of no less than US$2 billion;

After listing, the average market value within six months will be no less than US$80 billion.

Second, US$2 billion in cash must be delivered at one time, and the equity transfer must also be completed at the same time.

Third, retain the Kuaishou brand and operate independently.

…”

Zhang Fei laid out the terms agreed upon by the three of him to Zhang Yida one by one.

"Everything else is fine, but the first one is a bit problematic."

Zhang Yida said: "One year is too short, Zhonghe Group has only raised US$4.5 billion, and there will be no further financing for a long time.

Moreover, according to your terms, you must raise US$2 billion, which is a bit too deliberate.

If Zhonghe Group is not short of money next, will it have to raise a round of financing to prove its valuation?

It would be more appropriate to change this one year period to three years.

In addition, market value fluctuates greatly. Ahri and Penguin have developed for so many years before their stock prices gradually stabilized.

Who can guarantee that the market value will remain above US$80 billion?

Apart from Ali and Penguin, no third Internet company in China has ever done this.

This article needs to be changed so that within half a year of listing, the maximum market value will reach US$80 billion."

Su Hua smiled and said: "If it were changed to three years, wouldn't Zhonghe Group use the valuation after three years to merge with us?

This is a bit unfair to Kuaishou!

Otherwise, Kuaishou will also make a bet with Zhonghe Group for a period of three years. After completing certain indicators, the company's valuation will be recalculated."

Zhang Yida looked at Su Hua and said seriously: "Are you sure?"

Just as Su Hua was about to speak, Zhang Fei kicked him under the table and spoke first: "Two years, the betting time is set to be two years, this is okay!

If a round of financing of more than US$2 billion is completed within two years, and the post-money valuation is no less than US$82 billion, the bet will be deemed completed;

If it is listed within two years, the market value will be based on the highest point within two years, that is, before August 2019.

How about Mr. Zhang? Are you satisfied with this condition?"

Zhang Yida stood up and handed over his right hand, "Deal!"

On the way back.

Su Hua asked Zhang Fei: "Why don't you let me bet with Zhang Yida?"

"No need!" Zhang Fei shook his head, "So what if I win the bet?"

"If the bet is successful, maybe Kuaishou will be valued at US$30 billion or US$50 billion by then?"

Zhang Fei laughed, "Then the valuations of Pinduoduo and Doushi won't go up?

If you go up, they will go up too, but the effect is still the same. And there is a high probability that others will go up faster than you.

Have you ever thought about losing the bet? Or that Kuaishou's development is not as expected."

Su Hua was silent. Thinking about it carefully, he was indeed a little impulsive.

In mergers and acquisitions, the target is generally required to make performance commitments or make bets.

Zhang Yida didn't mention it, so he took the initiative to deliver it to his door.

But even if Zhang Yida mentioned it, he would definitely not sign the agreement if it was still valued at US$10 billion.

The risks are not directly proportional to the rewards!

Zhang Fei said calmly: "Everything is too much, and Kuaishou sold 10 billion U.S. dollars. Even if 3 billion U.S. dollars can only be obtained two years later, it is still worth it!"

Why bother adding extraneous details and putting yourself in danger?"

Su Hua nodded, thinking he had learned.

Zhang Fei seems to be willing to spend every penny, but he knows how to make choices and advance and retreat.

…

Liu Zhiping took Ren Yu into Bonima's office, and the first thing he said was: "Zhonghe Group has won Kuaishou!"

"So fast?"

Bonima was also a little surprised. From the first meeting to the closing of the deal, it took less than two weeks!

However, it will be at least a month or two before all due diligence is completed, major and minor agreements are signed, and all work is handed over.

This has always been the case in large-scale mergers and acquisitions. The boss's words can cause the subordinates to run away and break their legs.

"Where's the transaction price?"

Liu Zhiping gave it a try, "Can you guess first?"

Bonima looked at his and Ren Yu's expressions, thought for a while and said: "Six billion US dollars!"

"wrong!"

"$7 billion!"

"Still not right!"
To be continued...