Zhang Yanqi is the general manager of the West and North Regions of Uber (China). He ranks first in order volume in both Beijing and Rongcheng. Especially in Rongcheng, Uber has a huge advantage here.
Employees of Uber (China) Chengdu Company are even more enthusiastic about the acquisition by Phoenix Fund.
In the conference room of the Rongcheng branch, more than a dozen executives from the West District are present. The video conference has not yet been connected.
"Mr. Zhang, Phoenix Fund has spent 8.2 billion US dollars in one go. How much money does he have left to invest? Our subsidy war with Didi is ongoing. Don't let it run out of ammunition. It's better not to acquire it."
"I think the headquarters abandoned us. We fought Didi on the front line, and then surrendered directly from the rear."
"Yes. Isn't there a rumor that before the acquisition by Phoenix Fund, Uber was discussing a merger with Didi."
Zhang Yanqi waved her hand and said: "Stop talking. Just connect to the video!"
Communication within Uber is in English. The employees are all very young, basically under 33 years old. Moreover, a large number of managers have been to Uber’s headquarters in Silicon Valley, including him. Emotionally speaking, they do have
The feeling of being abandoned by headquarters.
As for the little-known Phoenix Fund, which took over Uber (China), it is really difficult for them to have the confidence to continue fighting against Didi.
…
…
At about two o'clock in the afternoon, Jinggao and a dozen people arrived at Uber's headquarters in Shanghai.
Liu Zhen's assistant was waiting at the door of the company, "Mr. Jing, Mr. Qiao, the conference room is ready. Please come this way."
"Well, let's go."
In the conference room, a total of more than a dozen Uber executives in Shanghai stood up. Jing Gao walked to the conference room without hesitation and sat down in front of the camera.
Everyone took their seats one after another. The large conference room suddenly seemed a little crowded. The signal for the video conference had been received early. All Uber teams from various places were connected.
Jing Gao glanced around and said: "Let's have a meeting. First, let me announce something. Phoenix Fund holds 80% of the shares of Uber (China), and I have decided to award 5% of the shares to everyone in the company. The distribution method
Formulated according to the contribution of all the company’s owners…”
"Bah bang bang!"
Before Jinggao finished speaking, someone suddenly applauded somewhere in the venue. Then, everyone applauded.
The applause was thunderous.
The valuation of Uber (China) is US$7 billion. The value of 5% of the equity is US$350 million. When converted into RMB, it is 2.324 billion yuan. Not to mention that the stock price will increase in the future! What if it goes public?
Who doesn’t like a boss who gives out money? Whoever wants to resign should go quickly. I won’t go anyway!
Although the four Uber executives Liu Zhen, Zhang Yanqi, Wang Ying, and Luo Gang were not in the same place, all the thoughts in their hearts were cleared instantly. Mr. Jing said that one force can reduce ten wisdom. Even if they leave, I am afraid that the team below will
They won't follow them.
Will any of them leave?
Based on their contribution to the company, they can receive at least US$20 million in rewards from this equity pool. Who is mentally ill?
Jing Gao waited for a while, took the water glass from Guan Yujia, took a sip of water, and made a downward gesture: "I know everyone is excited. I am also very happy to share the company's information with the Uber (China) team.
Development results…”
Jing Gao spoke for about an hour, explaining the equity distribution plan clearly, and then announced the meeting was adjourned, "Mr. Liu will stay here for a moment."
The conference room quickly became empty. Uber's internal group exploded. Everyone was willing to discuss this kind of equity reward news. Mr. Jing just made it clear that all current regular employees will receive equity rewards.
Liu Zhen was not a beauty. She was wearing casual clothes in the workplace and sat on the seat in front of the high side of the well. She felt unspeakable in her heart.
She was interviewed by a reporter from the Economic Daily. When asked about Phoenix Fund's intention to acquire Uber China, she was very disdainful. Where did this unknown person come from? And when the news of the acquisition hit her yesterday, she was disappointed and wanted to leave her job.
.
What now?
Liu Zhen sighed inwardly. Her most real thought now is: leaving a good impression in front of the new boss.
Jing Gao also left Qiao Shuang and Guan Yujia beside him. Jing Gao introduced: "Mr. Liu, this is Qiao Shuang, the chairman of Uber (China). From now on, she will be responsible for the daily affairs of Uber (China).
This is my assistant Guan Yujia."
"Hello, Mr. Qiao. Hello, Assistant Guan." Liu Zhen stood up and said hello, "I hope you two can give me more advice in the future."
Qiao Shuang suddenly had to take charge of a US$7 billion company and was facing fierce competition in the industry. To be honest, she had no idea. Could she not know her level? She said politely: "Mr. Liu, from now on
I still need to rely on you more for my work."
Guan Yujia stood up shyly and said, "Mr. Liu, hello."
After they got to know each other a little bit, Jing Gao said: "Now is the running-in period. I will stay in Magic City for a while. There are a few things that you need to do now, Mr. Liu."
"Okay." Liu Zhen showed the qualities of a good professional manager, took out his notebook and prepared to record.
Jing Gao made three points in total. First, the financial department, human resources, data security and other departments will be directly led by Chairman Qiao Shuang. At the same time, all internal communication will be replaced by Zoo software. Office software will remain the same.
Second, Liu Zhen continued to be responsible for the government and media public relations of Uber (China). Therefore, she arranged to convene a meeting with senior executives from all regions of Uber. The topic was to discuss the equity incentive plan and how to compete with Didi.
Third, please ask Liu Zhen to put forward the areas that Uber (China) currently needs to improve from her personal perspective.
Liu Zhendao: "Mr. Jing, Uber's current problems. First, the most important one is the lack of funds. Second, there are still problems with the user experience of the software. It needs to be modified, otherwise it will be difficult to do better than Didi. Third,
, our map is a Baidu map, which is not accurate enough. Fourthly, Didi has connected to the taxi service, and we still have internal disputes about whether to connect it."
Idaka said: "I will solve the funding problem." Injecting funds is very simple. He will ask the newly acquired Dayou Bank on Hong Kong Island to subscribe for 5% of the shares of Uber (China) and inject US$450 million.
Next, let’s see how much state capital Wang Shitou can help him attract?
After the chat, Qiao Shuang led the Phoenix Fund team to stay at Uber (China) and began to hand over and work together. She has now officially resigned as Jing Gao's assistant, and Guan Yujia has taken over.
Three days later, Jing Gao had just finished the video conference when he received a call from Wang Shitou, "Mr. Jing, do you have time to come to Shencheng for a meal recently? Let me introduce you to a few friends."
Jing Gao smiled and said, "Okay."
Wang Shitou smiled and said: "Okay. If you confirm the itinerary, you inform me. I will send someone to pick you up at the airport. In addition, you can call Mr. Xie from Xia Shang Real Estate. I will introduce Yu Liang to him and let them know the specific cooperation.