The proposal of the General Atlantic investment representative was unanimously recognized by other investors.

“The pre-money valuation of US$55 billion is no worse than last year’s Leech Financial Services Group.”

“Ruixiang’s valuation two years ago was US$27.5 billion, and now it has doubled, which is not bad!”

"Ruixiang has only been established for four years, right? It's very rare to reach a valuation of US$55 billion in such a short period of time."

…

Zhang Yida looked calmly at this group of investors who were pretending to be stupid and were all kinds of drama queens.

After Didi merged with Huimin Travel, they all shouted the slogan that the valuation exceeds 60 billion US dollars.

55 billion U.S. dollars, isn’t it even worse than a small fortune?

"Based on a price-to-earnings ratio of 30 times, the main business part of Ruixiangguang should be valued at US$90 billion, plus the equity investment part. The valuation should be at least US$95 billion!"

Some investors refuted Zhang Yida: "It is unreasonable for Ruixiang to calculate net profits by stripping off R&D investment.

I admit that Ruixiang’s annual R&D investment is indeed a bit exaggerated, even a bit outrageous.

Assuming that the annual normal R&D investment is US$1 billion, Ruixiang’s net profit is only US$2 billion, which is US$50 billion based on a price-to-earnings ratio of 25 times.”

Mansour became a little impatient, waved his hand and said: "Stop arguing, 30 times price-earnings ratio, pre-money valuation of US$60 billion."

He looked at Zhang Yida again and said with a smile: "My friend, this valuation is more sincere!"

Zhang Yida looked very embarrassed. After struggling for a long time, he sighed and said, "Okay! Who said we are friends?"

Other investors looked at Mansour, who looked like a rich man, with great helplessness.

They all know Mansour and know that he is the brother of the Sheikh of the United Arab Emirates and the owner of Manchester City. His family has money and he does not regard money as money at all.

The valuation of US$60 billion is not outrageous! Anyway, they were just participating in the investment, and they agreed after some discussion.

In the end, the Abu Dhabi Investment Authority led the investment with US$3.3333 billion, and 17 other investment institutions divided up the remaining US$3.3333 billion.

Based on the pre-investment valuation of US$60 billion, 18 investment institutions invested a total of US$6.6666 billion in Ruixiang.

Ruixiang’s post-money valuation reached US$66.6666 billion.

Zhang Yida is also very satisfied.
Chapter completed!