"Lao Zhang, don't blame An Zhiwen for Uber's conservative strategy. Most of these rules and regulations are set by me. In the context of the current game strategy of the five countries and the great changes unseen in a century, we
I definitely won’t go! It’s not only a financial risk, but also a risk to your life.
Don't even think about the Indian market. The brain circuit of the third brother is in the universe, and he can specially formulate laws to punish him. You know that Coolpad mobile phone was punished some time ago, right? We are still communicating. But there is little hope of solving the problem.
Coolpad mobile phone is planning to exit the Indian market.
We can focus on other markets around the world. Especially the Southeast Asian market is where Uber needs to continue to strengthen."
Jing Gao did not let Lao An take the blame and spoke truthfully. The chairman and CEO of Uber can be regarded as the most powerful officials in his business empire, but in Jing Gao's interpersonal relationships, he actually did not have many contacts.
He did not have regular dinners and team building with his senior executives. A few years ago, when he was studying at the China Europe Business School in Shanghai, he brought senior executives together to form a class.
The main reason is that his business empire is very large and it is impossible to summon more people at any time. He can only go to one place and meet executives from nearby areas.
There is another reason. It’s not that Uber is unimportant, but that An Zhiwen is in charge from the Phoenix Group, so he doesn’t have to be too detailed. He can read the daily report compiled by the assistant office every day to know the general situation of his company.
Come on. He's really taking care of things too carefully, and he doesn't have enough time and energy.
He would like to taste which fruit is more delicious every now and then. Peach, tangerine or big apple...? He would enjoy flower arrangements and prune the gorgeous flowers in the garden from time to time.
And the companies under his command have a lot of trivial matters. Take Uber for example. Regardless of how much it cares about its reputation among consumers, Uber and its subsidiaries are now saddled with no less than a hundred lawsuits, large and small. This is already the case for each company.
normality.
So there are many things that Zhang Yanqi doesn't know very clearly.
Zhang Yanqi was stunned for a moment. He did not expect Mr. Jing to be so straightforward and directly accepted all his accusations. He smiled coquettishly and calmed down.
Jing Gao took a sip of porridge and pondered slightly. Before Jing Shufeng went to Uber, he also asked three questions about Uber.
It is similar to what Zhang Yanqi said, except that it lacks the international perspective and has more KPI assessments and mergers and acquisitions to increase stock prices.
Judging from Zhang Yanqi's statement, many of Uber's problems are not that the management team is not aware of them, but that they cannot change them at all. Or because it is a listed company, it limits resource investment.
It seems that the thirty-three-year-old Zhang Yanqi has something! Of course, her shortcomings are also huge. She can see the problems, but in her position she has no solutions and instead she blames others.
"Lao Zhang, do you know anything about Xuanniao Investment?"
Zhang Yanqi thought about it for a few times and said truthfully: "Understand one thing. It is a company separated from Phoenix Fund to specialize in venture capital. Mr. Jing, Phoenix Fund is now independent from Phoenix Group. How should this venture capital company be positioned?"
It turns out that Phoenix Group has two investment departments: Phoenix Group Strategic Investment Department and Phoenix Fund.
In recent years, there has been a saying in the Internet industry about the "FAT" wheel. That is, all Internet companies must eventually find major Internet companies as backers. Otherwise, they will lose in the market competition. Only after the "FAT" wheel will
There is financing provided to major investment banks before going public, and then going public.
This job is usually done by Phoenix Fund’s strategic investment department, while other early stage investments are done by Phoenix Fund.
To put it bluntly, Phoenix Fund is engaged in venture capital, but the rounds it enters are not so early, and they all place heavy bets to grab the shares. He had long heard that Zuo Hao, the head of Phoenix Fund, had made a big mistake. Phoenix Fund dominated the country
Venture capital industry, but the result was a loss!
The old foundation laid by Mr. Jing in defeating Sequoia China, Gaoling Capital, IDG Capital and other venture capital funds has been completely lost.
Because there are big problems with this set of business logic. As for venture capital, the risk is very high! It does not mean that if you give a large amount of capital and resource support, you will eventually be able to successfully go public and get high premium returns.
Many entrepreneurial companies often fail to grow into unicorns!
This is also the reason why whenever a unicorn company appears in the market, it will be enthusiastically sought after. Things are rare and valuable!
Jing Gao took a leisurely sip of tea and corrected: "Xuanniao Investment and Phoenix Fund are currently two separate companies. Xuanniao Investment is positioned as a private equity fund. In other words, Xuanniao Investment's business scope is not entirely in venture capital.
There will also be equity, film and television investment and other operations. Funding sources will be more diversified, and rules and regulations will be more standardized."
Phoenix Fund was an investment company he founded, and it did not operate according to the private equity fund model. The source of funds was his own unlimited card and its various companies. And because Phoenix Fund holds bonds and equity of other companies under his command
.Now it is increasingly becoming an important company under his umbrella.
Through the guidance of (Guo) Siyue, he gradually hid his net worth. Now his publicly available assets are approximately US$5 billion. One of the important methods is cross-holding.
The Phoenix Fund is an important part of his various cross-holdings! This is why those people wanted him to turn the Phoenix Fund into private equity. Some data are the core secrets of his business empire. This cannot be disclosed to the outside world.
.
This is why Siyue and Xiaoqian suggested that he must separate Xuanniao Investment and Phoenix Fund. He must not allow anything involving Xuanniao Investment to involve Phoenix Fund, so that various key data will be made public.
As a private equity firm, Xuannio Investment plans to target top private equity firms like Sequoia China.
There are various sources of funds. Not only domestic funds, but also overseas funds will be accepted. At the same time, the business includes: FOF, PE, mergers and acquisitions, private placement, bonds, S and other businesses.
For example, Sequoia China has issued multiple funds, which are not only involved in private equity investment (PE), that is, traditional venture capital funds. They are also involved in multiple industries and various investment models, such as film and television funds.
Shen Nanpeng can now be regarded as a capital boss in the film and television industry.
Some time ago in the entertainment industry, some celebrities liked to use their own film and television companies to engage in mergers and acquisitions, or to push up the company's stock price through movies. As the saying goes, the money of the wealthy is returned in full, and the money of the common people is divided into 30 and 70.
Shen Nanpeng belongs to the level of "tycoon". His film and television fund is very large and requires a certain amount of investment. Who is stupid enough to invest in film and television works nowadays? It's all a financial approach to ensure that you don't lose money.
The positioning of Xuanniao Investment is destined to involve a lot of people and things, so it is best not to have anything to do with Phoenix Fund to avoid being associated.
Originally, Jing Gao meant to let Zuo Hao take charge of Xuanniao Investment, but Zuo Hao was too embarrassed to stay under the Phoenix Group's system any longer and had resigned. The newly appointed head of Phoenix Fund, Yin Jian, is currently busy organizing and relocating the headquarters. I really can't take care of the various businesses of Phoenix Fund in Shanghai. Xuannio Investment can't take care of it.
Jing Gao had to find a helmsman for Xuanniao Investment.
Zhang Yanqi thought about it, but did not express her position immediately, while eating her morning tea.
Jing Gao sipped his porridge comfortably and said his arrangement: "Xuanniao Investment is still being established, and we can recruit suitable employees from Phoenix Fund. The office location, Yin Jian's place, is in the Magic City Center Building in Lujiazui.
The company should have some funds on its books. In this case, I will first give you US$200 million to undertake the bonds that Uber is about to issue. You will then serve as an independent director of Uber and continue to provide advice to Uber."
One of the purposes of his arrangement is to promote the development of Uber, but because Uber's equity is currently quite complicated, it is difficult to make additional investments. Funds can only be provided through the issuance of bonds by Uber.
On the other hand, he felt that Zhang Yanqi’s observation skills were insufficient, so he relied on Lao Zhang’s observation skills to see if there were any other problems with Uber.
As for whether Xuanniao Investment can develop, this is not a particularly important thing. It is just a supplement of scraps. He needs a company to open up the investment quota and let those guys who are jealous of his high returns in the domestic market invest in.
Of course, at this moment, Jing Gao could not predict how brilliant Xuanniao Investment would develop in the future.
Zhang Yanqi hesitated for a moment. Does this mean he wants to supervise Uber? The balancing act of an emperor? He sighed inwardly and said, "Okay, Mr. Jing, I will do my best."
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This chapter has been completed!