"Oh?" Jing Gao took a sip of tea and extended his hand to signal. He is quite optimistic that Phoenix Pay will support the future of Phoenix Group after taking over the Uber taxi business.
After all, Alipay's current financing valuation is calculated at the trillion-yuan level. This is not a secret in the business world.
Although he adopts a "following" strategy, that is, following Alipay. Financial innovation, this is something he can't touch without touching it. Following behind to drink soup is better than making a mistake and getting killed. He is the same as WeChat Pay
Conservative, in the early days, it was mainly based on meeting the business needs of its own group.
Just like many Internet companies now have their own payment tools. No one is willing to hand over the payment data of their business to others. When the cat-dog war was fierce, Dongzi directly banned Alipay. He did not want his opponents to see his
The data has not been restored to this day.
However, as Uber continues to weaken, the Phoenix Group urgently needs a strategic business to support it. Currently, in many small third- and fourth-tier cities, Phoenix Pay occupies a great advantage.
Therefore, Jing Gao has high hopes for this. As long as Douy dares to open up the payment interface, he will have the confidence to seize a large number of users with its low-price strategy and cultivate their payment habits.
An Zhiwen had obviously thought about the overall situation and said unhurriedly: "Mr. Jing, of course Phoenix Pay can rely on its low-price strategy to open a gap on the Douyy platform, but as long as our relationship with Douyy changes,
, this payment interface is likely to be banned. Our users may be lost.
This is like water without roots. As the manager of the group, I cannot place my hopes on it. Instead, it is a game platform. Game development is a long-term business that can bring stable cash flow. My opinion is to cooperate
The focus is on this.”
Jing Gao pondered for a while and said: "Okay, Lao An, I listen to you. The focus of our cooperation with Douy is on driving traffic to our games! I will talk to Liao Rong to increase support for Tiangong Games.
Strength.
But I still want to give it a try in terms of payment. Even if it fails in the future, I can still gain a group of users. It’s just that the cost is a bit high.”
As Lao An said, once Douy shuts down the payment interface, how many users will be left who rely on low prices to attract them? This is undoubtedly a futile and thankless effort. But for Shenhao, the most fearless thing is
Spend money to convert influence.
But with a little progress, we might be able to take the lead in future confrontations with Ali. This is not impossible.
He has enough trial and error costs!
Mr. Jing has said this, what else can An Zhiwen say? Of course, he agrees with his plan. "Mr. Jing, what you said makes sense. Moreover, if Alipay is listed in the future, it will obtain sufficient funds, and it may also initiate
A price war against us. It’s better to strike first and be stronger!”
Jing Gao nodded with satisfaction and chatted with An Zhiwen about home affairs, "How much does the little fat man weigh now? The longer he gets, the cuter he will be, right?"
Mentioning his son, An Zhiwen was a little excited and said, "Well. It's very noisy every night. The two nannies at home and Zhang Jing take turns taking care of this kid. When is Teacher Li's due date?"
Jinggao said: "In mid-August, I will also be in a hurry."
An Zhiwen advised: "Isn't that right? Mr. Jing, you have to make preparations in advance."
Jing Gao nodded with a smile, took a sip of tea and pondered for a while, and said: "Lao An, what do you think of Zhang Yanqi who is now in charge of Uber?"
An Zhiwen's heart sank slightly. Mr. Jing obviously wanted to change his manager. In fact, given Uber's monopoly position in the travel market, it shouldn't only perform like this. This business is at least on the level of Meituan and Pinduoduo.
Just look at the valuations of Uber and Lyft overseas. Today’s Uber is less than 40 billion US dollars, and its profit is only 1 billion, which is obviously low.
He is not opposed to CEO Jing changing his position, but Uber’s CEO position is indeed a very professional one. If CEO Jing’s secretary is replaced, or if the new Jinling faction within the group system is replaced, there will be a problem.
In the first case, the assistants around Mr. Jing are actually not very high in management level. The main reason is that they are trusted by Mr. Jing. Fang Shaofan from Phoenix Film and Television and Dong Youwei from Shenxing Technology both performed very well.
In the second case, Phoenix Group’s equity in Uber is only 2%, and its voting rights are only just over 50%. If it is entrusted to someone else, it may change hands accidentally.
Not only does he distrust the Jinling Clique headed by Mr. Jing’s concubine Tan Yunqiu, he also doesn’t trust the executives of the Galaxy. Mr. Jing put him in charge of Phoenix Group and Taichu Group, and gave him great trust and power. He must be worthy of Jing.
Total this trust.
"Mr. Jing, Uber's recent performance is indeed problematic. It's okay to replace people, but as a listed company on Hong Kong Island, Uber is best to choose someone who is suitable, capable, and loyal to replace its chairman and CEO.
Otherwise, the stock price will fall sharply and control will change hands. This will be very troublesome."
Jing Gao laughed. Lao An was indeed loyal to him. This was the key to him having such a huge business empire and still being able to be carefree and have fun.
"Lao An, if we talk in private, it is not accurate. I chatted with Zhang Yiming some time ago and found that the Internet industry is actually the same people who come and go. So the Internet is a world!
Suddenly an idea flashed in my mind, what do you think we invite Cheng Wei to be the CEO of Uber?
The business war between Uber and Didi was so fierce back then. I don’t think Didi had any major flaws in management, but I used capital to crush it! I still highly recognize Cheng Wei’s management capabilities.”
In Didi's model back then, Liu's daughter was specifically responsible for financing, but Cheng Wei was in charge of the actual daily management and business strategy.
An Zhiwen was immediately stunned, and the teacup in his hand stopped in mid-air. He did not expect Mr. Jing to have such an idea, so he thought about it and said, "Mr. Jing, I think you should know the business case of civil strife in the United States.
At that time, Huang Guangyu and Chen Xiao were competitors. After Chen Xiao's company was acquired by Gome, he became the second-in-command of Gome and worked diligently for the Huang family. However, while Huang Guangyu was in prison, Chen Xiao used his management authority to
Colluding with capital, both internal and external, in an attempt to dilute Huang Guangyu's equity and deprive the Huang family of its status as a major shareholder.
I think Cheng Wei may not regret Uber’s acquisition of Didi. If you give him such a big opportunity again, there is no guarantee that one day he will not betray us. Especially since our equity is already less than 20%.”
Jing Gao smiled slightly and said: "Then we will repurchase a batch of Uber shares to ensure that our voting rights are above 60%. But before Cheng Wei takes office, I recommend my assistant Jing Shufeng to join Uber temporarily.
Acting CEO position.”
The rules of AB shares set by Uber are as follows. The equity held by Phoenix Group is A shares, which have super voting rights. But when Phoenix Group sells its equity, the shares are automatically converted into ordinary shares. That is, the same
B shares with equal rights.
This is a setting that ensures that Phoenix Group can reduce its holdings while still maintaining control.
If Jing Gao wants to buy back now, he can only buy B shares, but it is enough to ensure his control.
An Zhiwen was very well-educated and immediately understood what Jing Gao was doing. He smiled and said, "Mr. Jing, I agree!"
"Okay, you talk to Zhang Yanqi. I'll talk to Jing Shufeng later. Then I'll make an appointment with Cheng Wei."
As a powerful person with unlimited cards, Jing Gao will never lose control of a listed company as long as he doesn't want to.
What he values more is that Phoenix Group can solve the current "difficulty" situation and continue to make waves in the Internet world!
