redvbooks Chapter 226 Preparing to Leave
Chapter 226 Preparing to Leave
Chapter 226 Preparing to Leave
There is a gentle breeze at night on the Huangpu River.Everyone at the Phoenix Fund on the night tour was in high spirits.At this time, Liu Qing, the president of Didi, was also calling his cousin Liu Zhen.
Uber (China) has made such a big deal, how can Didi not pay attention?And Liu Qing had this kind of relationship, so she naturally wanted to inquire about it.
Liu Qing was on the phone in her study in her villa, and after a few polite words, she asked, "Jen (Jane), your Uber (China) strategy is very strange. Phoenix Fund is so strong, why don't you invest in it?" ? Instead, it is a direct acquisition."
At the press conference in the morning, Qiao Shuang, the president of Phoenix Fund, disclosed the details of the acquisition.Phoenix Fund invested US$72 billion to acquire 80% of Uber China's shares and changed the company's name to Uber (China).
At the same time, Phoenix Fund will also inject US$10 billion to acquire a 1.47% stake in uber.mutual shareholding.
Cross-shareholding is a common pattern in business.This is a manifestation of the willingness of the two sides to cooperate strategically.
Liu Zhen said lightly: "Jean (Joan), since Phoenix Fund has such strength and is optimistic about the travel field, and Mr. Kalanick of Uber just wants to withdraw from the Chinese market, the acquisition is normal."
In fact, there is a red line in the field of venture capital: it is best not to hold more than 30% of the shares of any major shareholder.Beyond this line, unless it is a particularly good unicorn, no venture capital will continue to invest money.
Because, the most delicious piece of the cake has been eaten.
Uber China has this shortcoming.For example, after Didi’s five or six rounds of financing, Tencent’s largest shareholder has a little more than 10% of the equity.The controlling shareholder of uber China, uber, accounts for 88.5% of the shares.
Therefore, uber can only invest its own money to support its son.In addition, he is currently expanding globally, for example, he is also facing competition from lyft in North America.So Kalanick decided to quit after Apple invested in Didi.
Liu Qing chuckled, "Jen, it seems that the market rumors are true. Your Uber (China) management knows nothing about the acquisition!"
Liu Zhen said with a blank face: "Jean, if you called to say something to ridicule me, then you can hang up."
Liu Qing laughed, "That's not enough. Uber (China) is Didi's biggest rival right now. I don't respect you, but I don't respect myself. When will Phoenix Fund take over Uber (China)?"
Liu Zhen pondered for a few seconds, then replied: "Tomorrow afternoon. Jean, I am looking forward to the start of the second contest between us."
The good media has long written in the news: the competition between Uber (China) and Didi in the field of shared travel is a competition between a pair of "genius sisters".
Both Liu Qing and Liu Zhen were selected in the list of the world's 4 geniuses released by the US "Connection" magazine in April.
Liu Qing sneered in her heart, and said, "Jen, if I were you, I would choose to resign. As the head of strategy at Uber (China), he doesn't even know about the equity change, so what's the point of leading the battle?
Also, I don't think this is the start of our second bout.The Phoenix Fund may be well-funded.But the power of your shareholders is too weak.If the subsidy war continues, all venture capital in China will not agree.
Next, it's just a state of anxiety, and then a new round of merger negotiations.We're just trying to get as much leverage as possible right now. "
Although the outside world compares her with her cousin, she knows very well that her cousin has no say in the affairs of uber China. The regional managers within Uber China report directly to Kalanick.
Her cousin is only in charge of government and media public relations.In the eyes of the outside world, Liu Zhen is the spokesperson of uber China.But everyone in the circle knows the inside story.Liu Zhen is far from her status in Didi.
She deliberately lifted her cousin to the same height as hers, but it was just a superficial politeness.
Liu Zhen suddenly smiled and said, "Jean, then I won't resign. That's it, goodbye."
After hanging up the phone, Liu Zhen walked to the balcony of her room and stared at the Huangpu River.According to her previous schedule, she is actually communicating with Uber headquarters and reporting work.Instead, I'm free today.
Although Liu Qing's phone call was serious, it did plant a thorn in her heart. Maybe she should consider resigning.
First, she has been back to China for more than a year. Her uncle is recognized as the godfather and leader of the Chinese business community. She still has an understanding of the power of the shareholders behind Didi.If the Phoenix Fund just had a lot of money, it would definitely not be able to withstand the pressure of the merger.
If Ali's jack horse and Tencent's pony horse push for a merger together, how many technology companies in China can refuse?
There is a high probability that none will be found.
Second, she was really upset.These uber pioneers rely on ideals, missions, and culture to gather together, not by shares.So it’s okay not to give shares, but don’t give them the least respect?
What's the point of staying?
As for the plan of the Phoenix Fund, who knows what's going on?It is too normal for her to be ostracized as an iconic figure of uber China.Who doesn't understand the connotation of co-CEO?
...
...
On the morning of the next day, Jing Gao was having breakfast in the dining room of Room 3102 of Platinum Bay Mansion, and was reading the newspaper sent by Guan Yujia.
All are news about Phoenix Fund’s acquisition of Uber (China).And what Joe said, "$90 billion is just a small business."
The newspapers are naturally full of positive reports.The Phoenix Fund held a press conference yesterday and gave the "carriage fee".
"Hey, when did the relationship between you two become like this?" Jing Gao put down the newspaper, saw Yan Ting and Guan Yujia chatting quietly, drinking soy milk, and asked amusedly.
Yan Ting's elegant smile, almond eyes and cherry lips, "You don't understand women's friendship. Guan Guan and I can talk quite well."
Guan Yujia shyly said: "Boss Jing, when you went to answer the phone in the yacht yesterday, I had a lot of conversations with Sister Yan." Only then did she know why Sister Yan followed Boss Jing with such good conditions.
Boss Jing was so angry that she became a concubine, and she was not ready to ask for tens of millions.Sister Yan was still full of sweetness and gratitude when she mentioned it last night.
Jing Gao remembered the situation when he answered the phone last night.When the relationship between him and Weiwei was strong, she went back to her hometown for summer vacation.Talking about the night view of the Huangpu River on the phone, the topic naturally expanded, and it was agreed that when she returned to Beijing, he would pick her up at the station.
Smiling and shaking his head, Jing Gao ate soup dumplings. The soup dumplings in Modu are still very famous, with thin skin and thick soup.
While eating, Jing Gao's phone rang suddenly.Jing Gao connected the phone, and Ouyang Wan's charming voice came from inside, "Mr. Jing, good morning."
"morning."
Ouyang Wan is a capable person in the social field, and she went straight to the topic, "Mr. Jing, I just heard a piece of news. The executives of Uber (China) have doubts about the Phoenix Fund, and they are not optimistic that you can fight against Didi. Shareholders are powerful and ready to leave. When you go to take over the company in the afternoon, you have to make some preparations. People like Uber (China) can compete with Didi without falling behind, and many of them are talents.”
She is in Shanghai, and she clearly sees the competition between Uber (China) and Didi.The employees and strategies of Uber (China) are all in a smart and fast style, and they are not at all inferior to competing with Didi.The only difference is money.And this is exactly the strength of Phoenix Fund.
Jing Gao knew it well, and said, "Ms. Ouyang, thank you."
As a god, he entered the business field not to make money, but to expand his influence.
To use the simplest analogy, suppose he wants to build a villa in his hometown of Haizhou to experience life in nature. Will he be able to get the land smoothly if he is a quiet god?It is necessary to dot up and down.
So, if he is the boss of a well-known domestic company and returns to his hometown to invest in the tourism industry, is it easy to get it done?
To be a god, if you want to live a nourishing life, social influence is indispensable.
Therefore, he hopes that Uber (China) can be the first in the field of travel!
(End of this chapter)