Another part has invested in a series of ecological enterprises such as Grab and GoJek, as well as building overseas local e-wallets.

The construction and expansion of Ruixiang Cloud Computing Center also relied on financing, and tens of billions of yuan have been invested so far.

The last part, Ruixiang Industrial Investment Fund, Phase III Fund, Ruixiang as GP invested a total of US$700 million.

In addition, we acquired Station B and Pure City, launched a cultural revitalization fund as an LP, bought Ruixiang Building, and built the second headquarters in Chengdu..."

Many investors present frowned, using equity financing funds to make investments. What kind of ridiculous operation is this?

Zhang Yida saw their confusion and didn't explain too much.

Switch the PPT to the next page and start introducing Qi Ruixiang’s third-phase industrial investment fund.

"In the B+ round of Kuaishou, Ruixiang Industrial Fund invested US$30 million in the first phase and obtained 5% of the equity. After dilution, it still holds 3.83% of Kuaishou's equity, worth US$383 million, with investment income of US$353 million.

Ruixiang holds one-third of the first-phase industrial investment fund, and as a GP, it can receive a return of US$164.73 million.

Bitmain’s A round, Ruixiang Industry Fund invested US$5 million in the first phase and obtained 15% of the equity.

Last month, Bitmain just completed a US$50 million Series B investment led by Blackshirt Capital, entering the ranks of unicorns with a valuation of US$1 billion.

After dilution, Ruixiang's equity still remains at 14.25%, worth US$142.5 million, with a return on investment of more than 28.5 times.

…”

Zhang Yida introduced one by one the 27 projects invested by the first phase of Ruixiang Industrial Investment Fund.

Including time of investment, shareholding ratio, current valuation of the project, market position, return on investment, etc.

The investors in the audience were dumbfounded. What does this mean?

Is an industrial investment fund alone worth tens of billions of dollars?

Mansour's heart moved, and he asked Zhang Yida with a smile: "Um...my friend, when will the fourth phase of Ruixiang Industrial Investment Fund start raising funds?"

Zhang Yida coughed and said, "This issue... let's discuss it in detail when we come down! Of course I welcome friends!"

Mansour also realized that now was indeed not a good time to discuss this issue. The time and place were wrong, so he smiled apologetically at the investors around him.

Not only Mansour, but other investment representatives are also interested.

How is this a technology company? It’s simply an investment company disguised as technology.

They also wanted to ask Zhang Yida about the fourth phase of the fund, but the occasion was not right.
Chapter completed!