After two days of rest, Ruixiang and Zhonghe sat down at the negotiating table again.

This time both sides came prepared, thinking about the other side's strengths and comparing their own weaknesses, and created a gambling plan that maximized strengths and avoided weaknesses.

Lin Zhenyang took a piece of paper and read it item by item: "First, Rocket Video has reached the top three in the industry. The specific evaluation criteria will be based on the number of paying members...

Second, Zhonghe Games has developed its second hit game, and the specific evaluation criteria are "annual revenue is no less than US$1 billion and net profit is no less than US$300 million"...

Third, Resso music streaming application has entered the top five in the world, and the specific judging criteria refer to Rocket Video;

Fourth, Pinduoduo’s GMV in 2018 and 2019 was no less than 500 billion yuan and 1 trillion yuan respectively, and the number of active buyers surpassed Goudong...

Fifth, the number of monthly active users of the three short video applications DouShi, Kuaishou and Musical.ly is no less than 2 billion...

…”

Lin Zhenyang did not finish reciting them all, but only recited the first ten main points.

If the terms are not completed, there will be corresponding supplementary terms, depending on the completion rate minus a certain valuation.

Lu Qi's expression was indifferent, as if he had expected that Ruixiang would not follow the routine.

At this time, he also thought of his own terms: "First, the total number of active users of Ruixiang and its subsidiary e-wallets shall not be less than 2 billion...

Second, the domestic market share of mobile payment must be no less than 30% and must exceed WeChat payment...

Third, digital technology business, taking Ruixiang Cloud as an example, has reached the top three in the market...

Fourth, for consumer finance business, annual loan disbursements of Yongbei and Daibei will not be less than 1 trillion...

…”

Bao Fan wanted to laugh when he heard this. Is this considered hurting each other?

"If these terms that you two have proposed to each other are fulfilled, the valuation will be at least this."

Shen Beipeng pointed out five fingers. Everyone knew what it meant, 500 billion US dollars.

"You embarrass me, and I embarrass you, what's the point?"

Xu Xiaoming was a little angry, "If you talk like this, you will never even think about merging."

"Yes, we have been talking for almost a week, and the negotiations are back to the original point, and they are getting more and more outrageous."

Xue Cunhe shook his head repeatedly. He didn't speak easily now. When he heard Xu and Shen, who held the same two shares as himself, spoke, he couldn't help but echoed.

"Don't worry about industry status or the number of users. If you ask me, just bet based on revenue and profit."

Shen Beipeng looked at Ruixiang Yifang, "Aren't you very confident about profits? I will set a net profit bet for you of RMB 20 billion, RMB 30 billion, or RMB 40 billion in the next three years."

Then, he looked at Zhonghe Yifang and said, "You are very confident about the revenue, so you can set a revenue bet of RMB 80 billion, RMB 120 billion, or RMB 160 billion in the next three years."

Not to mention, Shen Beipeng's words really worked, and investors from both sides started to think about it seriously.

On the one hand, Shen Beipeng has some prestige, and on the other hand, the conditions are just right.

"What about technology investment?"

Lin Zhenyang came up with an idea. The key to restricting Ruixiang's substantial profits is this investment in technology.

Shen Beipeng thought for a while and said, "How about each side sharing half?"

Lu Qi said: "Zhonghe's scientific research investment also needs to be shared half by Ruixiang."

Tong Shijie objected: "Why? You don't have the pressure to profit from gambling."

Lu Qi waved his hand, "After the merger of the two companies, except for the independent accounting of some products, the technological strength and achievements will definitely be shared.

It is equivalent to merging two laboratories into one, and after Zhonghe bears half of it, the number that Ruixiang needs to share is not necessarily greater than it is now."

The sharp investors looked at each other, all a little moved.

They have been complaining about Zhang Yida's high investment of US$3 billion in scientific research every year for a day or two, but there is nothing they can do about it. Zhang Yida often replies to them that "the company needs to increase its competitiveness."

They have also seen Zhonghe's financial report. The investment in scientific research is less than US$2 billion, let alone US$3 billion.

Gan Renping said: "We need to add a cap. After the merger, the company's annual investment in scientific research will not exceed US$6 billion."

Lu Qi understood what he meant. He was afraid that Zhonghe would deliberately deceive them, so he would not resort to such low-level tactics.

"Okay, I promise you."

Lu Qi made concessions, and the progress of the negotiations suddenly accelerated.

"Three years is too long. By the time the company is listed, the bet will not be over yet," Tong Shihao said.

"I think it's very appropriate. Listed companies also have bets. As long as the scope of bets is limited to existing shareholders, it will not harm the interests of small shareholders." Bao Zheyu said.

Then, the two parties began to refine each clause according to the ideas provided by Shen Beipeng.

Shen Beipeng smiled slightly at Bao Fan, who was sitting next to him, and the latter nodded slightly.

Yes, this idea was provided to Shen Beipeng by Bao Fan.

Shen Beipeng proposed it with the attitude of giving it a try. Unexpectedly, it really worked. The negotiation suddenly got on the right track and the efficiency suddenly increased.

"With reference to Penguin's 29 times earnings ratio and Ali's 25 times earnings ratio, how about setting Ruixiang's price earnings ratio at 27 times?"

"Can!"

"agree!"

…

"With reference to Penguin and Ahri, how about setting a price-to-sales ratio of 9.5 times for Zhonghe?"

"agree!"

…

"For example, suppose Ruixiang's profits for three consecutive years are 18 billion, 32 billion, and 41 billion. Taking the average of 30.333 billion, multiplied by 27 times the price-earnings ratio is 819 billion;

Zhonghe's revenue for three consecutive years has been 75 billion, 130 billion, and 170 billion. Taking the average of 125 billion, multiplied by 9.5 times the market-to-sales ratio is 1,187.5 billion.

The share exchange ratio between Ruixiang and Zhonghe is 100 shares for 69 shares.”

…

Lu Qi asked tentatively: "Then let's merge according to the stock exchange ratio of 1:1 now?"

Lin Zhenyang nodded, "Okay, let's do this for now! See you again in three years."

Other investors also restored friendly relations with each other and started chatting with each other.

The arguments and even quarrels and foul language that have occurred in the past few days are as if they never happened.

The final result of the negotiation was sent to Zhang Yida who was visiting Notre Dame Cathedral in Paris.

"Okay, I understand, I'll come back and sign right away!"

Zhang Yida had a smile on his face. Brother Bao Fan was indeed reliable in his work.

If there is no gambling agreement, the share exchange ratio between Ruixiang and Zhonghe will most likely be 1:1.

If the current gambling agreement is followed, Zhang Yida believes that the final result may develop into Ruixiang exchanging 3 shares for 2 shares, or even 2 shares for 1 share.

For him, if the plan goes well, he can hold four to five more shares in the new group, worth more than 10 billion US dollars.

Of course, there is another premise. The businesses currently owned by Zhonghe must be stronger and achieve a revenue of 300 to 400 billion in three years.

"What's going on? Are you so happy?"

Zhao Erya had a camera hanging around her neck and was walking towards Zhang Yida. Seeing that Zhang Yida couldn't stop smiling, she asked curiously.

"I picked up 100 billion!"

Zhao Erya rolled her eyes at Zhang Yida, "You can't even deceive a three-year-old child with your low-level lies."

Zhang Yida didn't explain too much and asked with a smile: "Did you have fun?"

"Um!"

Zhao Erya nodded heavily. This time she took a private plane and flew half way around the world, but she was very happy.

Hearing Zhang Yida's question, her heart moved and she asked: "Are you going back to China?"

"Well, the merger between Ruixiang and Zhonghe has reached the final stage, and I must return to China to sign and draw the final line."

Zhang Yida sighed, "I can only go to Africa next time."

"Okay, it doesn't matter. You can go to Africa at any time, so let's leave now!"

Although the global tour is only halfway through, Zhao Erya already feels very satisfied.

My boyfriend has such a huge career, it is extremely rare to spend more than a week with her, and I dare not ask for more.

After running Daya Media herself, she realized how difficult it is to be a good boss.

Accompanied by a group of bodyguards, Zhang Yida and Zhao Erya came to the airport. After applying for a route and passing the approval, the Gulfstream aircraft quickly completed takeoff and flew straight into the sky.

On the plane, Zhang Yida was a little excited, even impatient, and asked the captain to speed up the flight.
Chapter completed!