The afternoon sun shines on the building complex of the century-old hotel, Peace Hotel, located in the Nanjing section. A quiet and leisurely atmosphere spreads in the living room. The noise of the street outside can be faintly heard.
Jing Gao left the elegant and beautiful Liu Sumei to sit for a while. After all, he almost ruined Liu Sumei’s hard work and dedication for a period of time, and planned to have a meal with her in the evening. He had a dinner party in the evening, but adding Su Mei was not a big problem.
Jing Gao first handled the work with his assistants. Dong Youwei and Nie Yunxi reported to him in turn. Cheng Yu, who had just gone outside to make phone calls and arrange work, also came back.
Years ago, Jing Gao had a chat with Guan Yujia. The secretarial team compiled a briefing every day, which was about an hour long. He spent about one to two hours reading and processing the work every day.
His work has been a little busier recently because Phoenix Group’s biggest problem now is that it is “big but not strong”.
There are only three products that can be sold: "Uber", "Phoenix Pay" and "Phoenix Fund".
Phoenix Fund is his reputation in the field of domestic venture capital last year! Several top domestic venture capital firms have been severely repaired by him due to their involvement in Uber's acquisition of Didi. Phoenix Fund is currently almost the same as
Alibaba Capital and Tencent Investment Department are on the same level.
Phoenix Pay developed as Uber became a giant in the national online ride-hailing industry. At that time, coupled with Uber’s huge subsidies and discounts, it quickly surpassed the national team: UnionPay Pay and became the third largest payment tool after Alipay and WeChat.
Given the bad relationship between Phoenix and Alibaba, there is no Alipay entrance in Uber’s taxi service. The only payment interfaces are WeChat Pay and Phoenix Pay.
Alibaba is in a legal battle with Phoenix Financial. Not only did it report to the regulatory authorities, it also claimed in the media that this was monopolistic behavior and required the company to join the Alipay interface.
Jing Gao has seen the opinions of Phoenix's legal department. It is estimated that it will be difficult for Phoenix to win. Uber will eventually have to add Alipay to the payment end. But it can provide a folding window and add user steps. At the same time, it can counterclaim
Alibaba requires access to Phoenix Pay in its e-commerce field.
Phoenix Pay and Alipay currently have a very high degree of overlap, and the competition is extremely fierce. Phoenix Pay is actively providing various city services, monetary fund services, and fund purchase services.
Of course, in this business field, we compete with WeChat, Alipay and other payment companies.
Phoenix Pay’s current biggest advantage in competing with Alipay is “subsidies” to quickly acquire customers. Its biggest disadvantage is WeChat. Alipay has a first-mover advantage and has many application scenarios in the market.
Furthermore, the core of WeChat Pay is social networking and the core of Alipay is e-commerce. Both companies have their own unique skills and moats. Phoenix Pay still needs to continue to work hard to build more payment scenarios.
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Jing Gao only owns the above three "products", so even though Jing Gao's net worth is very high according to external estimates, and he "killed" Mr. Ren of Galaxy Group, his status as a world leader is still high.
For example, the China Entrepreneurs Club will definitely not invite Jing Gao to become the vice president. If he is truly placed alongside Erma, Wang Jianlin, Mr. Liu and others, the gap will be visible to the naked eye!
You need to know how many of China's richest men have fallen in the market process over the years? If you want to be a business tycoon, you must have a solid foundation, or basic market.
For example, Li Hejun, chairman of Hanergy Group, who became the richest man in China in 2015, has a very large photovoltaic power generation business. As soon as the company went public, his net worth soared to 165.5 billion. However, he was immediately investigated for illegal transactions and became the "first liability" .
So, everyone has their own answer to how to measure things like paper wealth, asset valuation, cash flow, net worth, connections, and influence.
Jing Gao had just killed Galaxy Group in March. When sorting out Phoenix Group’s business, he now discovered that he and Alibaba had conflicts in several areas.
For example, the payment field. This is not Jinggao’s core field, but it is Alibaba’s core field apart from e-commerce.
Another example is in the field of express delivery. Yuanfang Express, under the name of Fangyuan Group, has currently merged with Ronghe Express. Its asset valuation has reached more than 30 billion yuan, and its business has been expanding rapidly. It is basically in the first echelon of the express delivery industry.
Express delivery is one of the core businesses of the e-commerce industry. JD.com builds its own logistics. Alibaba integrates three links and one delivery to form "Cainiao Logistics".
Another example is the competition on travel websites. Xia Shang Culture and Tourism is currently developing very well under the leadership of Shen Jinyuan. Its official website has been "encircled and suppressed" by Ali and is still alive, and the number of users has increased.
In terms of word-of-mouth reputation, it is rapidly approaching that of travel websites owned or invested by Alibaba.
Jing Gao estimated that if he didn’t have the absolute confidence to compete in Alibaba and many business fields, he would probably not be able to sleep well at night.
As Dong Ge from JD.com said, Alibaba is the first in its industry and deserves everyone's respect. In 2017, Alibaba still had a very high reputation on the Internet. Boss Ma's nickname was still "Daddy Ma" .
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Therefore, Jing Gao currently urgently needs to start up the chip manufacturing business. One is to create a "fist" product and core moat for Phoenix Group. The other is to help Phoenix Group stand more firmly in the business world.
He has spent a lot of time at work recently. About four hours a day. Just like this time.
Everyone sat around a square table in the living room. Dong Youwei took a notebook and pen and reported: "Mr. Jing, the group's investment department has contacted Dr. Zhang Rujing. He is interested in accepting our investment in Xinsheng Semiconductor. And we are willing to invite you to build a factory in Jinling."
Cheng Yu sat on the right side of Jing Gao and added: "I just contacted Dr. Zhang's assistant, Ms. Wang Yan, on the phone. We have made an appointment to have dinner at a restaurant in Zhangjiang tonight. We will meet and discuss in detail."
Jing Gao nodded, "Yeah. Youwei, you can arrange the trip and the connection with Jinling."
“Okay, Mr. Jing.”
After a few more questions, Jing Gao looked at the beautiful and elegant 32-year-old Nie Yunxi across the table and said warmly: "Professor Nie, what else do you have to do over there?"
Nie Yunxi looked at the form on her Apple laptop with her watery eyes, and said in a clear voice: "Zuo Hao, the vice president of Phoenix Fund, requests to meet with you. He wants to repay Phoenix Fund for missing out on its investment in Pinduoduo."
Her voice is still so soft and sweet.
Jing Gaolioso said: "Cheng Yu, please make arrangements."
Under the structure of the Phoenix Group, Phoenix Fund is independently operated. It is equivalent to a venture capital brand. It has six investment direction teams and accepts the leadership of the investment committee. When Jing Gao talked with Han Wenguang later in the year, he allocated it to Phoenix Fund With US$10 billion in funding, plus Phoenix Fund’s stake in Uber, it has strong financial strength.
The Phoenix Group also has an investment department, which mainly engages in strategic investments, implements Jinggao’s investment orders, and manages previous projects invested by Jinggao. This department is headed by Yin Jianzai.
Nie Yunxi chuckled, a beautiful and soft woman, and said: "Mr. Jing, I haven't finished the report yet. Han Wenguang, the president of Phoenix Fund, also requested to meet with you. He wants to report on the acquisition of Baidu Waimai. In addition, Mr. Li from Baidu It was conveyed through the intermediary Shen Nanpeng of Hongbin China that he wanted to meet and chat with you."
The other people sitting in the living room all knew what this meant. The management of Phoenix Fund was fighting among themselves.
Liu Sumei sat on the sofa and said, "Oh", she couldn't help holding her forehead. She has been in the workplace for a long time, so she doesn't know what's going on?
Jing Gao also laughed angrily, "Okay, call them all to Magic City later. I'll ask them to confront you face to face. Cheng Yu, you make the arrangements. At the same time, prepare a piece of Pinduoduo information for me. Mr. Li's meeting
Push back a little. I'll take care of the internal matters first."
This chapter has been completed!