Chapter 365 Banking License
"New DAE and Meituan are just ordinary companies in the mobile Internet era, beneficiaries of the country's development wave. They are not basic service providers that can be replaced at any time."

At Tsinghua University, some young students were standing in the audience, holding the microphone excitedly to ask questions about yesterday's merger between New DAEI and Meituan.

Xie Jingxing sat on the stage and answered seriously: "In the future, when serving the country and society, New DAE and Meituan must ensure that they are not absent, do their job well, and do not overstep their authority, and serve as digital connectors."

"Mr. Xie Jingxing, can I understand that this is what you meant by 'embracing regulation' in the interview yesterday?" the student continued to ask.

Xie Jingxing nodded sincerely: "I think this is not only what New Dang E and Meituan should do, but all companies including Grapefruit Capital should consider how to maintain a sense of responsibility and crisis and devote more energy to sustainable social value innovation."

"Mr. Xie, I really appreciate your business philosophy. I remember that you gave a lecture at a university next door last year, emphasizing your pessimistic view on P2P finance. It seems that Grapefruit Capital has never invested in Internet financial companies."

A tall girl in a blazer raised her hand and called Peking University "a neighboring university". The traditional art performance caused laughter.

She continued to talk to herself: "So what do you think of what Mr. Ma Yun said: Young people today should not be anxious, consumer loans connected with financial technology will change the world. Is Alipay a company that does not actively embrace supervision and will be replaced at any time if it is absent or offside?"

"…Hello, classmate. I don't know what Mr. Ma meant by this statement. But you must not have remembered my complete speech at Peking University. P2P is only a narrow classification of Internet finance. Internet inclusive finance at the macro level deserves vigorous development."

Xie Jingxing was smiling on the surface but was actually cursing in his heart.

Grapefruit Capital just acquired a stake in Alipay and you ask me this. Do you admire me or do you want to harm me, you black fan!

There are quite a lot of little haters in Tsinghua University, who just enjoy watching the fun without any hesitation. On the other hand, the Peking University students who like to stir up trouble at the academic and theoretical level suddenly become as handsome as true fans.

Xie Jing Xing secretly complained, but on the surface he did not dare to be distracted, and tried his best to deal with various sharp questions.

I keep saying it over and over again - the merger between New Dianping and Meituan is not really a monopoly. Don't do it, don't do it. I am convinced.

At the beginning of the year, when he was working on chip layout, he was forced to go to the city tower to watch the wind and snow. Now that he is participating in the rescue of the stock market during the stock market crash, he goes to the city tower again to enjoy the east wind and the Dongfeng missile vehicle.

It is hard to say which one of the two is more impressive, but the latter is related to the merger between New Dangshen and Meituan, which is closely related to the lives of ordinary people, and it really highlights the fact that a tall tree attracts the wind.

It's all Su He's fault. He had to come up with some new tricks to get him a good start. He was so young and full of energy yesterday, but today he is so embarrassed.

But it is not without benefits. The fund raising efficiency has been greatly improved.

As part of the Young Business Leaders Lecture, there is travel expenses, and Tsinghua University's affiliated enterprise invested 5000 million yuan in the 'Grapefruit Capital Phase II (Venture Capital) RMB Fund'.

And provide Xiyou Capital with a fundraising roadshow venue in Beijing.

"New DAE and Meituan will continue to provide transactions for 1000 million merchants and 10 billion users. They seem to be discussing this year's sales target of 2500 billion yuan."

After giving a lecture on the Tsinghua campus, at the fundraising dinner, Xie Jingxing was skilled in making jokes and inviting all the old men to come and play.

Investors are naturally not as naive as students. 1000 million merchants and 10 billion users are just the starting point, and there are at least 4 million users that need to be covered!
However, Marshal Xie has always been fearless despite the reputation of being a warmonger. Before he truly monopolized the market, he was not afraid of being dragged to the relevant regulatory departments for report every day.

However, they just merged and achieved a monopoly yesterday, and were still standing tall and smiling on the tower, applauding. But today, they suddenly fell to their knees, and actually redefined the "ordinary enterprise".

Regardless of whether this guy's moral integrity weighs two taels, the regulatory direction facing the new DAE-Meituan in the future does not look good, and the subsequent financing valuation is likely to be low.

After all, it is well known that Shao Shuai has been extremely popular since his debut, although no one knows how popular he is...

"You don't need to be too modest."

Yu Nian approached Xie Jingxing holding a champagne glass, and the people around him instantly dispersed to make way for a private social space. A few well-informed people pretended to be mysterious and had friendly smiles on their faces.

China Merchants Capital is already a husband-and-wife business for this couple, but they are keeping a low profile about their marriage because they are afraid of bad influence; the young marshal has two sisters, the younger one is in Shanghai and the older one is in Beijing, so it is not convenient to make it public.

There are all kinds of rumors. The details are not important, but it is certain that his surname is Yu.

"I'm not being modest. New DAE and Meituan will work towards this goal in the future," Xie Jingxing emphasized frankly.

Yu Nian observed with interest the few people in the distance who were gathered together and whispering about confidential gossip: "Do you think they believe it?"

"Xu Ning, the former head of the new DAE platform business, is very young, only 29 years old. She sent me an email the day before yesterday asking for leave, wanting to take a month off to go on vacation in Fiji to surf." Xie Jingxing did not give a direct answer.

Yu Nian frowned slightly and commented in a declarative tone: "You slept with it."

"She complained that her work was too intense and that she hadn't slept more than six hours a day in more than a year. If she continued like that, she would go into menopause."

Xie Jingxing shrugged his shoulders: "So I asked Zhang Tao if it is possible to shorten the overtime hours and appropriately increase the employee benefits."

Yu Nian was speechless. The 29-year-old platform manager applied for a one-month vacation to play after just completing the merger and acquisition, and even went over his head to ask for leave from the major shareholder who had nothing to do with him.

Apart from having slept with each other, she really couldn't understand why he had to be particularly favored.

As a result, Xie Jingxing gave an even more outrageous explanation, increasing employee benefits and artificially slowing down the company's operating pace, seemingly rushing towards embracing regulation and giving back to society.

"You don't think Koubei will be successful?" Yu Nian could only try to understand. Xie Jingxing smiled and said, "It doesn't matter whether I think it will be successful or not. It's important for Koubei and Baidu Nuomi to survive. Ideally, a 70% market share for New DAE-Meituan will be enough."

"It's too idealistic and will greatly affect the performance of New DAE-Meituan in the capital market." Yu Nian couldn't help shaking his head.

Capital is in a dilemma. It wants to complete the acquisition of New Big Elephant and completely monopolize the market, but it is also worried that completely monopolizing the market will encounter heavy regulatory hammers.

In the past, when competition was fierce, investors did not follow valuations but only looked at how much money New DAE would need. Now, because New DAE and Mei have merged and are operating independently, the valuations have been lowered due to business overlap.

Before the merger, New DAE and Meituan were each valued at US$100 billion. Now that the overall valuation is maintained at US$200 billion, it is worth celebrating.

So why bother to take the initiative to make drastic adjustments and forcibly withdraw profits before the regulatory direction changes?

Yu Nian took a sip of wine to ease his pain: "How much do you hold now?"

"About 33%." Xie Jingxing was vague.

Yu Nianxin felt even more pain and quickly took another sip of wine and pursed her lips: "360 billion, in two years, I have covered the journey that took Yunshan twenty years."

"You make me doubt your professional skills." Xie Jingxing said calmly.

In the merger transaction, he took over Alibaba's 7% stake, repurchased Meituan's management team, and some small shareholders' shares that were exited early.

The entire repurchase has a window period. Currently, we hold 33% of the shares, and the shareholding ratio will increase after the window period ends.

The return on investment sounds amazing. In fact, putting aside the valuation bubble of Internet companies, a large portion of the shares were purchased through Grapefruit Capital.

A few years later, the various funds under the name of Grapefruit Capital matured and were cashed out one after another, and Xie Jingxing had to use his own money to buy back these shares.

Yu Nian suddenly discovered his blind spot. It turned out that this guy had unknowingly moved to the side of the controlling shareholder and officially announced his betrayal of the investor camp.

"You want to take control of New DAE?" she confirmed.

Xie Jingxing raised his eyebrows as a matter of course: "Next year, New DAE-Yunshan-Grapefruit Capital will jointly establish an inclusive fund, and take out 100 billion yuan first to help tens of millions of merchants on the platform to achieve common prosperity."

"Public Fund?"

Yu Nian almost choked on the wine, her eyes widened and her lips slightly parted, she stared at Xie Jingxing's open and honest behavior again and again: "Is it a universal fund or a loan?"

"Providing operating loans to platform merchants is only part of our inclusive fund's business. Other businesses include mobile payments, commercial insurance... raising funds for students in poor mountainous areas so that the children can have an egg for every meal." Xie Jingxing was full of bad taste.

Yu Nian was so angry that he laughed: "You actively squatted down to accumulate strength and then jumped higher. You are worthy of being like this."

"As long as everyone gives a little love, the world will become a better place. Do you want to give a little love to the egg aid program?" Xie Jingxing said righteously and sternly to stir up emotions.

Yu Nianwei raised her chin and turned her head away, not wanting to pay any attention to this dead man. He was so ambitious and full of nonsense that he even fooled her.

"I'm already investigating the site selection and will donate to build 12 Tongnian Hope Primary Schools in the impoverished areas of the northwest." Xie Jingxing lowered his voice and took two steps closer.

Yu Nianxiang stepped back but her feet stayed where they were: "What elementary school?"

"Childhood, childhood thoughts." Xie Jingxing patted her shoulder gently.

Yu Nian sneered: "The fund provides 50% of the funds, and the local government provides 50% of the funds. Add in the tax reduction and exemption, it's really a good deal."

"The first 12 selected areas were too poor to provide half of the funding, so they only had to provide the land and I personally donated the full amount, and the fund will cover the subsequent operating expenses."

Xie Jing Xing concluded calmly: "It is indeed a good deal. 2000 million can help hundreds of children learn to read and see the world outside the mountains every year. We can also go to see them in person and tell them about the world outside the mountains."

"I'm not as leisurely and elegant as you." Yu Nian stretched her fair neck.

"Okay, then you are only responsible for obtaining the mobile payment license, financial business license, and the banking license of Jingxing Investment Group."

Yu Nian looked around like a frightened rabbit and shouted in a low voice: "Bank license?! Why don't you buy a bank?"

"It's a good idea, but that would require mergers and acquisitions, restructuring and clearing out bad debts and bad people. Do you want the children to start school two years later?" Xie Jingxing asked doubtfully.

Yu Nian gritted her teeth and said, "Capitalist."

"Capitalists are always better than slave owners." Xie Jingxing disagreed and was quite proud.

"Come to my house tonight."

Yu Nian was too lazy to debate. He sneered sarcastically and walked away with a disdainful look in his eyes.

(End of this chapter)