My Fintech Empire

Just as everyone was talking about it, Fang Hong had just posted a blog post less than 20 minutes ago, and then he updated another update on Weibo:

[In addition, I will tell you something else. The WeChat operation team is currently negotiating with several major banks regarding the construction of the "payment credit" function. If the negotiations go smoothly, the two parties will formally reach a cooperation and introduce the full "payment credit" product. After obtaining user authorization, the system will use "credit points" as the basis for online card issuance, risk control, etc. You can look forward to it. 】

After this Weibo was posted, many people were speculating which bank it was because Fang Hong did not reveal the specific bank.

However, there are some key pieces of information. First of all, there is not only one bank to discuss cooperation with, but also a big bank. Then we can first exclude some small local banks.

The next day came, which was Friday, October 24th.

The answer came to light.

Quantum Beats released a major announcement that attracted attention. It officially announced that its subsidiary operating WeChat had finalized the D round of financing and introduced four major strategic partners.

These four major cooperative institutions are clearly the four major banks.

This D round of financing was strategically invested by four major banks. Each banking institution accounted for 5% of the total equity, and the total equity ratio accounted for 20% of the company's total equity.

In this round of financing, WeChat has raised as much as 70 billion yuan based on a post-investment valuation of 350 billion yuan.

As soon as the news came out, it caused a commotion in the capital market that day. The amount of financing was indeed an astronomical figure, but the relative valuation was not high. The current value of WeChat is definitely more than 350 billion, and a fair valuation in the market has been long gone. It has exceeded 500 billion, and it will only go higher now.

However, naturally we cannot just take this situation at face value. What is strategic investment?

Introducing the strategic investment of the four major banks will bring many invisible benefits, such as some invisible endorsements, which everyone in the industry also knows.

But it is undeniable that WeChat, which has never been short of money, this D round of financing is indeed a reverse move. The four major banks also obtained a share price that other investment institutions simply cannot get. If based on the current market fair valuation, Value, 70 billion can only get about 12% of the equity.

It is not unreasonable that other investment institutions cannot get such a share price, because other institutions do not have the generous resources of the four major banks. Other investment institutions can only provide money for share participation, but others cannot.

WeChat is not short of money, and Qunxing Capital is even more poor and only has money left.

But the four major banks can not only provide money, but also provide resources that other investment institutions cannot.

This is the biggest difference.

It is worth mentioning that the four major banks have strategically invested RMB 70 billion in shares. This money is actually still in the hands of the four major banks. There is nothing wrong with taking shares, and there is nothing wrong with the money being transferred to the account of the company to which WeChat belongs.

But WeChat is not short of money and can’t spend it all, so the money still needs to be saved. There is no doubt that the money must still be stored in the four major banks.

Therefore, the four major banks can still use the money to do credit business or other businesses, and they can carry out the business in any way. It is nothing more than going through a process, and then WeChat's subsidiaries will have an extra 70 billion in bills on their books.

After all, WeChat is indeed not short of money now, and there is no rush to use so much money. If there is an emergency, it will be with Dad's Dad and Qunxing Capital on the side. There will definitely be no problem with the turnover of funds.

The envy of other investment institutions is truly envy. Everyone in the industry knows that WeChat is likely to be listed, and it won't be too far away, and they all want to participate in the subscription by then.

Judging from past examples, when Qunxing companies go public, they will give enough room for premiums in the secondary market. If you subscribe to the IPO, you will almost certainly make a profit.

I just didn’t expect that at this moment, on the eve of listing, I could pick up people in the primary market. Only the four major banks have this kind of treatment. I am both envious and unenviable. Moreover, judging from the ownership structure of WeChat’s subsidiaries, in addition to Apart from the parent company of Quantum Beat of the Galaxy, the other major shareholders are all Guo Jia team institutions.

This also explains a truth from the side. Really generous resources never go out of the circle, especially in the financial industry.

Some so-called good resources are out of the circle, and there are often hidden thunders in them. Most of them will become the receivers, and they will cry when they are smashed into their hands. This is also true in the financial industry. This is the most important thing. Credit-focused circles have the most scammers and the most skillful deceptions. Even professionals in the industry may not be able to see through the nested scams. There are countless examples of professionals getting away with it.

As soon as the news of the four major banks' strategic investment in WeChat was announced, the outside world unanimously found out that Fang Hong's Weibo update yesterday revealed the cooperation with several major banks, which basically corresponded.

Those big banks are, not surprisingly, the four major banks. After today's news, basically no one doubts this, and it will be officially announced later.

And this further dispels the concerns in the minds of users. It can almost be said that the four major banks are the credit endorsement. If you don't trust these, then there is nothing worth trusting, and the others are even less reliable.

But the biggest boost to confidence from this incident is not the user group, but the third-party enterprise cooperation organization.

WeChat's "payment credit" should promote various major application scenarios and realize a series of scenarios such as credit finance, credit car rental, credit hotel, credit rental, credit marriage and love, etc.

Then we have to dispel the concerns of these third-party companies. Although Galaxy’s “Family Bucket” covers many application scenarios, it is obviously not enough. More third-party companies must be introduced to cooperate to make the entire credit ecosystem diverse enough. sex.

As long as this strategic goal is achieved, WeChat will become more than just a social media software in the future, but will transform into an indispensable tool for the daily lives of millions of people, as closely related to food, clothing, housing, transportation, daily necessities, and becoming a key to life. An important part of.

In this way, WeChat's status will form an unshakable and irreplaceable monopoly both in theory and in fact.

The news of the strategic investment by the four major banks has indeed boosted the confidence of many third-party companies and dispelled some risk concerns. After the risk problem has been solved, the rest must be on board. This insight is not that great. You deserve not to make any money.

WeChat is a platform with such a huge user base. There is no reason not to get on board. After all, this is a huge potential profit growth point.

It is worth mentioning that the strategic investment by the four major banks has also allowed many people to further refresh their understanding of Qunxing Capital. The most uncomfortable thing is those vested interests in the medical system that are either taking kickbacks, being corrupt, or carrying original sins. group.

They found that it was almost impossible to overthrow Fang Hong. The events of the four major industries once again explained what it means to be root-positive and Miao-hong.

Before this, they had not found any non-national team company that could enjoy such treatment. What does this mean? It shows that Fang Hong is now highly appreciated and relied upon by senior officials.

If it were placed in ancient times, it would be a famous person in front of the emperor. With such power and influence, trying to overthrow him would be nothing more than a dream.

This is not the most helpless thing. What makes them most helpless and even a little helpless is that Fang Hong is still so young and cannot survive him, so the way of surviving him by dormant and temporarily avoiding the sharp edge will not work either.

If he hadn't tortured him to death, he would definitely have taken the first step. If he left first, he could continue to work for thirty years without any problem. The more he thought about it, the more he wanted to vomit blood.

...(End of chapter)