After Zhang Yanqi met with Boss Jing in Beijing, she stayed at the Blue Lake Hotel in the third phase of BJ Fortune Center for two days. During the period, she went to the headquarters of Phoenix Group to visit his superior: An Zhi, who is also the chairman and CEO of Taichu Group.
arts.
The companies under Jinggao are divided into two parts. The first is Phoenix Group; the second is Taichu Group.
These two major companies adopt two models respectively. Phoenix Group adopts the model of a major Internet company.
This is the organizational model of large enterprises that is more common in the world today: aircraft carrier formation operations! It consists of an aircraft carrier plus various destroyers, submarines, etc. In layman's terms, it focuses on certain businesses, and the other modules and businesses are linked to each other to build a
Protect the moat and expand your main business.
Eventually, they will evolve into a middle-office organizational model to simplify processes and achieve as flat management as possible.
Taichu Group, on the other hand, uses the management model of the State Council. This is another way of managing assets.
These are two different consortium models. Of course, no one dares to call it a consortium in China. There is only the xx system.
Netizens who have experienced the chaotic war between major Internet companies should know: Alibaba Group and Tencent Group.
Zhang Yanqi resigned from Uber and was transferred to the private equity fund Xuanniao Investment to focus on the domestic investment market. His organizational relationships within the group were naturally transferred to Taichu Group.
Although the original intention of Xuannio Investment as a private equity fund established by Jing Gao was to silence some people and relieve pressure, with the support of Jing Gao, the prospects of Xuannio Investment are very promising. Not to mention that it is about to be "blended"
Go into Uber's bonds.
But no matter how his position changes, his superior is still An Zhiwen.
The headquarters of the Phoenix Group is currently located in the third phase of the Guomao Building. The Phoenix Group headquarters building in Changping is still under construction. The first phase of the project is not expected to be completed until 2021, and it will not be possible to move in until 2022.
After staying in the capital for two days, Zhang Yanqi returned to Shanghai to join Xuanniao Investment and take up the post. The news of his resignation from Uber quickly spread throughout the Internet with a public statement from Uber.
Uber is a company listed on Hong Kong Island. If the board members of a listed company change, it needs to issue an announcement and disclose information.
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Uber is the core company of the Phoenix Group. The resignation of its chairman and CEO instantly attracted the attention of all major companies in the Internet industry.
For example, the established Internet companies: Baidu, Alibaba, Tencent, JD.com, etc. The emerging three giants: Douyin, Meituan, and Pinduoduo.
The first to know the news were the major companies that still hold positions on Uber's board of directors.
Uber's board of directors currently has a total of eight members. In the early days, Uber was listed on Hong Kong Island after merging with Didi. At that time, there were also shares of Alibaba, Jinshajiang Investment, and SoftBank. Among the board members are Yang Zhiyuan, the founder of Yahoo, and
There are representatives from SoftBank, the largest shareholder. After several twists and turns, Uber’s board of directors has now been replaced.
Among them, Zhang Yong of Alibaba has withdrawn from the board of directors. Their board seat was filled by someone from Baidu at the suggestion of the Phoenix Group. Jing Gao and Li Yanhong have a good personal relationship. Baidu invested in Uber at the time and is still a shareholder of Uber.
SoftBank invested in Didi through the Vision Fund and became the single largest shareholder of Uber after the merger. And they promised early on that they would withdraw from the board of directors after Uber went public.
As the "signature" of Yahoo, Jerry Yang has also left Uber's board of directors. He has a high status in China's Internet. After all, he is of Chinese descent, and one of Arima's favorite boasts in his early years was that he led Jerry Yang Climb the Great Wall.
However, there is no doubt that Jerry Yang’s current influence in the Internet industry is declining rapidly. By 2019, several years have passed since the Uber and Didi wars in 2014-2016, and he is no longer the He is an Internet hero who is "respected" by the Internet industry! There are so many talented people in the world!
The current eight seats on Uber's board of directors are: 3 seats for Uber management, Apple, Tencent, Weibo, Baidu, and Shen Nanpeng.
Tencent's vice president in Hong Kong reported the news to Tencent's President's Office on the same day. Xiao Ma quickly arranged a temporary President's Office meeting in the afternoon to discuss the situation with the team. Under the current circumstances, the relationship between Phoenix Group and Tencent is somewhat Difference.
Because Tiangong Games, a subsidiary of the Phoenix Group, has officially announced that it will increase investment in moving from computer games to mobile games. It is currently recruiting people in the gaming circle in Beijing. As the overlord of the domestic gaming industry and a global gaming giant, Tencent naturally received the news .
The second-in-command Liu Chiping smoked a cigarette and said impatiently: "If you ask me, let's just treat Uber's shares as shareholder dividends."
Phoenix Group has actually fallen behind in the first echelon of major Internet companies. In particular, its core member company Uber has been in poor operating conditions in the past two years, with declining profit margins, negative news, etc.
How can this be worthy of being a rival to Tencent?
Brother Ma sat at the head of the conference room and said nothing.
Chief Financial Officer Luo Shuohan advised: "Mr. Liu, Uber's current situation is not good, but their market share in the travel field is still over 90%, and their current valuation is less than US$40 billion. This is underestimated. If we reduce our holdings of Uber's shares, we will suffer a lot of losses. Uber is preparing to go public, with an expected valuation of US$120 billion, and Uber's prospects are still promising."
Zhang Xiaolong, who manages WeChat, was distracted when he heard this and asked casually: "Since it is so promising, why is Uber's valuation on the Hong Kong stock market still so low?"
Luo Shuohan laughed, a little gloating. He explained: "Boss Jing is too strong. He pretends to be cool every time he comes to Hong Kong Island. Isn't Hong Kong Island now building momentum to develop the northern metropolitan area? It is said that he is suppressing the four major cities in Hong Kong Island. From the big real estate developers.
Then, he fired an executive director of Bank of New York Mellon in Hong Kong in February. Now European and American capital is not very fond of him. Therefore, there is no big fund in the Hong Kong stock market that will support his company. ."
After saying this, the atmosphere in the conference room suddenly became more relaxed.
Xiao Ma pushed down his glasses and brought the topic back: "Let's discuss, should we continue to hold shares in Uber, or reduce our holdings? In addition, everyone was very tired from the discussion at the president's office meeting last month, or that?
The question is, how to deal with our relationship with Phoenix Group."
Brother Ma said it very politely, but business war is a game of capital, and its core is very bloody and cruel.
If the Phoenix Group enters Tencent's core field of games, Tencent will definitely block it! No one will hand over the market they have won to others. Tencent's internal discussion is now about the "degree" of this blockade.
This is the overall strategic direction of the group.
After everyone discussed for a while, Chief Strategy Officer James Mitchell said: "Since it is beneficial to keep Uber's stock, we should support Uber's development. As for gaming, we must keep an eye on any move by Tiangong Games."
Break and suppress."
He doesn't use sophistication, but a calm economic man's thinking.
"Okay, let's settle it then."
This chapter has been completed!