Zhejiang businessman five minutes丨 Ma Yun's promise to the Philippines has finally come true

2018-06-26 17:24 | Zhejiang News Client | Reporter Choi Yeon

Zhejiang business 5 minutes, hear the future of business. Thanks for listening to the world Zheshang Network, (Zhejiang" magazine) exclusive production, by yongjin bill pool exclusive special broadcast of Zheshang 5 minutes (audio version). I'm anchor Xiao Cui, and today is Tuesday, June 26th

Ma's promise to the Philippines has finally come true

On June 25, the world's first blockchain-based e-wallet cross-border remittance service was launched in Hong Kong. Users of the Hong Kong version of AlipayHK can send money to the Philippine wallet Gcash through blockchain technology.

With the support of blockchain technology, cross-border remittances can now be like local transfers, real-time arrival, saving money, hassle-free, safe and transparent. This is also another innovative exploration of Ant Financial in blockchain application scenarios after public welfare donations, food traceability, and rental management.

At the press conference, Ma Yun recalled a request for help from the Philippines received many years ago: "When can we use Alipay to send money home?" Now remittances are too expensive. He said he had asked Ant Financial chairman Jing Hyun-dong at least ten times in the past year when he would be able to solve the problem, "And today I am particularly happy to witness this remarkable moment." ”

Invest hundreds of millions of yuan in research and development every year and finally "grind" innovative drugs in the tenth year

Recently, Haizheng Pharmaceutical has good news: after more than 10 years of tempering, Haizheng's first innovative drug HS-25 Phase III clinical trial is coming to an end, and has applied for a number of patents in more than 30 countries and regions. This is an innovative pharmaceutical compound with completely independent intellectual property rights of Haizheng, of which the compound patent has been authorized by China, the United States, Singapore, New Zealand and other countries.

"We started targeting innovative drug development more than 10 years ago, and now we are about to make a major breakthrough, how can this not make us excited!" Bai Hua, chairman of Haizheng Pharmaceutical, believes that China's new drug research and development is on the eve of change, and China's pharmaceutical companies have developed steadily along the research and development path from imitation to imitation to innovation to independent innovation, and domestic innovative drugs are about to usher in the spring.

On July 1, the maximum limit will be reduced to 10,000 yuan for the T+0 redemption limit of the cargo base

Yesterday, Changsheng Fund and China Life Security Fund Company both issued announcements announcing that the withdrawal limit of their monetary fund T+0 single-day rapid redemption was reduced to 10,000 yuan, and the specific implementation dates were June 28 and 29, respectively. In essence, in addition to various fund companies, including bank channels, Internet baby money funds, third-party sales channels, etc., have successively announced rectification during this one-month transition period.

Listen to today's business story: Meituan relays millet The Hong Kong stock market shares a feast of unicorns in the mainland

With a number of star companies such as Xiaomi, Meituan Dianping, Douyu, Tencent Music, Yingke, Liepin, Chuangmeng Tiandi, Tongcheng eLong and a number of other star companies about to IPO, the Hong Kong stock market is ushering in an unprecedented capital feast.

On the morning of June 25, the prospectus submitted by Meituan was posted on the website of the Hong Kong Stock Exchange. According to reports, Meituan aims to raise $6 billion at a valuation of about $60 billion. In 2017, Meituan's transaction volume reached RMB357 billion, revenue was RMB33.9 billion, and it had 310 million annual trading users. In 2017, Meituan's adjusted net loss was 2.9 billion yuan.

How does the US group, which is still losing money, support a high valuation? The relevance of Meituan's multiple businesses and the story of local life services undoubtedly need to be tested by the capital market. It is worth mentioning that although Meituan still has a distinct takeaway company label, in Wang Xing's planning, the company's future is to serve the e-commerce platform, and meituan's imaginary enemy is Amazon.

Platforms and investors are eager to reap dividends

With the introduction of new asset management regulations this year, the tightening of bank allocation, the difficulty of fundraising in the primary market, and the financing environment for entrepreneurs has become more severe, especially for mid- and late-stage projects with higher valuations, which has also become an important reason for unicorns to pile up for IPOs.

For giant unicorns such as Xiaomi and Meituan, financing and valuation have reached a certain scale. Meituan's last round of financing has reached an amount of $4 billion, with a valuation of up to $30 billion. Ant Financial's valuation last year was as high as $60 billion, and it is difficult to find suitable investors from the primary market with such a huge volume.

In addition, the main business of many unicorn companies has not yet made large-scale profits, and the new business is in the process of burning money, which requires positive cash flow support, and the secondary market has become the best choice.

For VCs and PE, the listing cycle of Hong Kong stocks is short, the lock-up period is only half a year, and there is no restriction on reducing holdings after the lock-up period. There is a clear and standardized set of procedures for listing in Hong Kong, coupled with the independent and transparent and efficient regulatory authorities, companies can generally complete the listing process in about 6 to 12 months. This means that investors and companies can better control the time to market.

Listen to the headline news and broadcast it for you at a fast pace:

FF response: Evergrande enters the host: Our relationship with Evergrande is like Ma Yun and Son Zhengyi

Reconciliation: Tang Decanxing reconciles, "New Song" will be changed back to "The Voice of China"

National Narcotics Control Office: Joined forces with Ali to build an "anti-drug classroom" to protect 200 million teenagers

Rookie: Opened a world cup special plane A large wave of "Made in Zhejiang" airlift moscow

RMB: The median price broke 6.5 for 5 consecutive trading days, and the spot exchange rate broke 6.54 again

Coca-Cola: PepsiCo and others join forces to "reduce sugar": reduce the sugar content of drinks by 20% within 8 years

Bureau of Statistics: Tax revenue from January to May was 7,681 billion yuan, and individual taxes increased by 20.6%

Here are the top financial review times:

Why is Jia Yueting on the lao Lai list, and Xu Jiayin still wants 6.7 billion Hong Kong dollars to take over FF?

Hu Junxiang, a senior reporter at the Zhejiang Merchants All-Media Center, was invited

In the past year, Jia Yueting has been running around looking for people to pay for his "car-making dream", ignoring the fact that his reputation as "Lao Lai" in China has long been boiling over, of course, he has not regarded Beijing as his return trip. Many people are wondering whether he will come back in the end, and more people hold the mentality of watching the drama and think that who else will disregard Jia Yueting's history of laining, repeat the mistakes of Sun Hongbin, and invest in an old Lai?

Now, this person has stood out, and Evergrande Group has become the largest shareholder of FF through a series of operations. At this point, Jia Yueting, with the investment of Xu Jiayin, reopened the domestic car-making road. Whether the two can stage a reversal drama is still unknown. If we put aside Jia Yueting's accounting history and perception of character, what is the value of such a major business investment? From the logic of business, it is nothing more than people and assets.

Does Xu Jiayin trust Jia Yueting's entrepreneurial team? After all, the myth of "LeTV" has also written a strong stroke in the trend of domestic new technology entrepreneurship, but the wave of LeTV has receded, and Jia Yueting's reputation has made this thick ink nowhere to shine, and eventually annihilated. Obviously, a problematic startup team cannot impress mature investors.

For Xu Jiayin, since Jia Yueting's dream of building a car, the conditions promised by the local government for him may be real and real assets. In March this year, FF's domestically registered Rui chi automobile bid for a 601-acre piece of land in Nansha, Guangzhou, including FF's production base in the United States, and these assets may be FF's largest assets in the eyes of Evergrande Group, which is mainly engaged in real estate.

This time, FF's pre-investment valuation is $2.425 billion. This is a sharp decline from Jia Yueting's previous valuation of $8 billion to $10 billion. Maybe that's why.