Zhang Li sent Zuo Hao to the stairs of the presidential suite, and the housekeeper of the suite took him to the hotel lobby and left by car.
Zuo Hao looked at the winter sky in the capital city and let out a long sigh in his heart. It sounds like he was also an "old man" who followed Mr. Jing, but it was obvious that he had fallen behind now. Not everyone can succeed in the venture capital industry.
! Very professional level is required.
For him, the only advantage is that the domestic Internet market has entered a mature stage, and there are various applications in the market. The next outlet for capital can basically be seen and will not appear suddenly.
unicorn!
Phoenix Fund, which has already taken the leading position in the industry, can basically keep its family business as long as it doesn't mess around.
well…
Zuo Hao shook his head at the hesitant assistant who came up to him, got into the car, and asked, "Are there any big financial news recently?" Mr. Jing would definitely not ask him to read international political news.
"Ah..." Zuo Hao was shocked. He kind of understood why Mr. Jing sent him out quickly. It wasn't necessarily that Mr. Jing was impatient to deal with his affairs. Mr. Jing obviously wanted to deal with matters at the Taichu and Phoenix Group levels first. There are many groups.
Senior executives are all traveling around the world. Mr. Jing may not necessarily be ignoring Phoenix Fund and his proposals.
Zuo Hao's mood suddenly became beautiful again.
…
…
Jing Gao hung up the phone call from An Zhiwen, and just then Zhang Li, who was clean and bright, stepped on her high heels and pushed open the door of the study room. She smiled and said, "Brother Jing, Sister Ranran has finished talking over there. She and Zhu Yu will come up later."
Do you want to arrange lunch?”
"Wait a moment. Something big has happened. Xiao Li, come here and help me inform the others." Jing Gao briefly explained the situation. He wanted to inform the others quickly now.
"Ah..." Zhang Li was surprised and called Chen Qingshuang, Zhang Yujia, and Gu Xixi respectively to explain the situation. The secretarial team sent an email in the name of "Jinggao Office" asking Taichu and Phoenix Group executives to pay attention.
Chen Qingshuang is now the housekeeper of Yuntu Villa, responsible for the daily expenses of some of his women. Zhang Yujia, as his assistant, also manages a ledger. The two of them will notify him.
Jing Gao, on the other hand, wants to call the women he loves who he thinks are in higher risk. First, he calls Dong Lingxi in Paris and asks her to consider selling the Leeds United club. Angsa can't believe it!
Then I called Guo Siyue, Xiao Guo, and Wei Chenjun in Hong Kong Island. Finally, I called Ling Chuqing in Jinling.
"Xiaojing, I understand. When will you come to Jinling?" Ling Chuqing's voice was very gentle. She is now settled in Jinling. Her father is pursuing an official career in Jinling.
"Miss me?"
"That's right. I also asked you for a peace charm from Qixia Temple in Jinling. It's very effective!"
The corners of Jing Gao's mouth curled up, and her classically beautiful face, 1.72 meter tall figure, 36D tall and straight peaks, and the elegant and bright beauty immediately appeared in his mind!
Her charm lies not in her talent in classical literature, but also in her appearance, temperament, and her graceful and plump figure that makes men fall in love with her when they see her. It also lies in her gentle and delicate temperament, which makes people unable to help themselves.
I want to protect her and take care of her all her life. Such a good woman should not have to suffer the sufferings in the world!
She has a special place in his heart! After thinking for a moment, he said warmly: "Chu Qing, probably by the end of the year."
"That means there is still more than a month. I will wait for you in Jinling."
Jing Gao hung up the phone with a gentle smile, and saw that Zhang Li had finished the call and was standing beside him slimly. He smiled and hugged this beautiful and clear beauty, and took a peck on her smooth and delicate face. Xiao Li
She is a completely different beauty from Chuqing.
Zhang Li's pretty face was slightly red, and with the charm of a new wife, she snuggled into Jing Gao's arms, couldn't help but hugged his neck with her hands and kissed him. After a while, she whispered softly: "Brother Jing..., you want to eat here."
Are you going to leave me?" How could she withstand the teasing of the man she loved? Especially at the stage when they were inseparable.
Jing Gao smiled slightly and gently smoothed Zhang Li's hair on her forehead. Looking at her delicate and beautiful face with pink color, sexy lips and slightly exposed teeth, some thoughts welled up in her heart.
He pressed her forehead intimately, looked into her beautiful big eyes, and said, "Xiao Li, I don't have enough time. I have to make a phone call."
"Then I'll just lean into your arms like this." Zhang Li said coquettishly.
"Okay." Jing Wen smiled warmly, held her face and lowered his head to kiss her. He put his arms around the beautiful girl and stood beside the desk, gently stroking her round breasts through her slim trousers.
Zhan, while calling Ren Jiahui, "Jiahui, have you read the news?"
"Xiaojing, I saw it!"
Jing Gao reminded: "Jiahui, don't go abroad to the Angsa Five Kingdoms during this period. I'm worried about your safety. Do you understand?"
"I know!" Ren Jiahui protracted her tone and acted coquettishly, "You are obviously younger than me, but you still act like an adult. Xiaojing, my second brother is very ill. I have been in the capital during this time. I just didn't go.
I'm looking for you. Don't blame me."
"Jiahui, I understand!" Jing Gao said considerately.
Ren Jiahui sighed, "Xiaojing, my second brother's condition is deteriorating and he may not survive until the beginning of spring."
What else can Jing Gao say? He and Ren He are enemies rather than friends. He was the one who dismembered the huge Galaxy Group. "Sorry!" The pressure on the Phoenix Fund is also inextricably linked to the Galaxy Group's network.
.
Ren Jiahui sobbed and cried, "Yeah."
After comforting Ren Jiahui for a while, Jing Gao hung up the phone with a slightly complicated mood. He did not ask about "Song Yao". This was inappropriate. Whether this person is a relative of Song Fa will be discussed later, and it has nothing to do with the overall situation.
The sudden change caused by the arrest of Mr. Ren's eldest daughter meant that for him and the entire Taichu and Phoenix Group, all they had to do was avoid traveling. There was nothing that needed to be adjusted in the business. It was foreseeable that this matter would not end so easily.
.But it has little impact on him at present. He has been prepared for it.
Jing Gao's thoughts turned to the future strategy of "Phoenix Fund".
He has been in business for so many years and has always pursued a strategy: get closer to your enemy. Only in this way can you see the enemy's plot more clearly and deal with it calmly.
While Jing Gao was thinking, Zhang Li's cell phone rang. She kissed Jing Gao tenderly and answered the call from Deng Ran, "Sister Ranran, wait a moment, I'll come and pick you up right away." She straightened her clothes and said, "Brother Jing
, I’ll arrange lunch.”
"Yes. Xiao Li, I'll make a call and I'll be here in a minute." Jing Gao smiled and patted her bag, watching Xiao Li go out. Then he called An Zhiwen's number, "Lao An, what is the Phoenix Fund?"
Condition?"
He didn't call Zuo Hao. It was obvious that Zuo Hao was very inclined to receive capital injection from Phoenix Fund. This was contrary to his original intention.
An Zhiwen and Jing Gao cooperated tacitly. They were busy with a business reception in the morning when someone from Mellon National Bank came over to discuss cooperation with Phoenix Group.
He smiled and said: "Mr. Jing, I have a general understanding of this matter. My personal opinion is actually to accept external funds.
Let me tell you my reasons. First, Phoenix Fund has separate financial accounting from Phoenix Group. You allocated 10 billion US dollars to them in the early stage, but they have already spent 7788 US dollars. There is an urgent need to introduce new funds to maintain the industry leader.
status.
Second, Phoenix Fund completely uses its own funds to make venture capital. But it is different from the strategic investment department of Phoenix Group, and it is also different from the investment departments and companies owned by Alibaba and Tencent. It is equivalent to water without a source.
So, what is the positioning of Phoenix Fund?
If you are responsible for your own profits and losses and have separate financial accounting, then it is best to convert it into a private equity fund. Mr. Jing, Hongbin China is actually a private equity fund! Many domestic venture capital funds are. SoftBank’s Vision Fund also raises funds from all over the world.
.
devour novel network
The proportion of people who actually use their own funds to engage in venture capital is still very small. They are all large companies making strategic investments. Or they just make entrepreneurial investments."
Jing Gao frowned and said: "Lao An, how did they spend it? I haven't paid attention to Phoenix Fund for a while. At present, is there still an Internet war in China?"
It was early December 2018, and LeTV had already visibly collapsed, and the taxi-hailing war had settled. How much money could shared bicycles cost? In the battle between Xiangcheng and Meituan, most of Xiangcheng’s funds were still his.
The Qianbo War has come to an end. The only capital outlet that is burning money right now is electric vehicles. There is really no war to speak of for the rest. Since the domestic review of risks in the financial sector last year, Wanda, Fosun, HNA, etc. have all had problems. Domestic
The capital tide is receding. So how is the money being spent?
An Zhiwen explained: "Mr. Jing, of course there is no particularly big Internet battle in China. But Phoenix Fund is involved in too many fields, a total of six major fields: new retail, O2O and LOT, TMT field (telecommunications, media and technology),
Silicon Valley in the United States, Southeast Asia and South Asia, venture capital.
Moreover, when Uber and Didi were fighting, billions of dollars were consumed. Phoenix Fund was the leading capital in the domestic venture capital field, and it had access to all kinds of opportunities. So money was spent like water.
I know that Phoenix Fund has invested a lot of money in the field of chip design."
Jing Gao pondered slightly. He understood what An Zhiwen meant. He also understood that Lao An had some views on Phoenix Fund.
In the current "ATF" round of financing in the Internet industry, does it refer to the Phoenix Group or the Phoenix Fund? The businesses of the two overlap. The outside world refers to them collectively. But as the CEO of the Phoenix Group, An Zhiwen certainly pays more attention to the Phoenix Group's strategy.
Investment!
However, the Phoenix Fund was the country he conquered and the banner he raised. The domestic limelight was following me! He didn’t want to give up so easily.
"Lao An, in principle, I agree with Phoenix Fund to accept external capital. But I don't want them to come to check the accounts of Phoenix Fund in the end. The people at Dayuan Capital have a problem. Is there any way?"
Aren’t subordinates there to solve problems?
An Zhiwen understood and said with a smile: "Mr. Jing, this is not difficult to do. Currently, private equity funds are divided into four types: private equity funds, private equity funds, private equity entrepreneurial funds, and other types of funds. They can be found under Phoenix Fund
To register a subsidiary, apply for these four licenses respectively. Many domestic venture capital companies now have full licenses.
When investing in projects, good projects use their own funds, and bad projects use raised external funds. Of course, the monthly, quarterly, and annual reports of private equity funds will not look good. This will damage the reputation of Phoenix Fund.
And management needs to be more refined.”
Jing Gao said knowingly: "So, the Phoenix Fund has become a private equity fund in name, but in fact it is just four private equity companies under it, and it can also charge management fees. The main body still follows my wishes."
An Zhiwen smiled and said, "Yes."
Jing Gao said with satisfaction: "Okay, let's do it like this. I will send another 2 billion US dollars to the Phoenix Fund. Let them save some money this time. You and Zuo Hao talk about it!" His loyalty to Zuo Hao
I don’t doubt it, but I still have some doubts about its level.
As Phoenix Fund grew in industry status and scale, the problem of Zuo Hao's ability became prominent.
Seeing that Jing Gao was about to hang up, An Zhiwen quickly asked: "Mr. Jing, how can we clarify the positioning of Phoenix Strategic Investment Department and Phoenix Fund?"
Jing Gaodao: "Lao An, the Strategic Investment Department is a strategic investment, which is basically held. Phoenix Fund is positioned as a venture capital, focusing on making money and expanding cross-industry influence. There is no conflict between the two.
.
You understand it as the strategic investment department of Hongbin China and Tencent. The two operate in parallel. Think of the example of Meituan’s acquisition of Mobike.”
In April 2018, Mobike was acquired by Meituan for US$2.7 billion. All the venture capital funds that originally invested in Mobike made a profit and exited. Meituan paid to obtain the traffic entrance of shared bicycles.
This is the difference between venture capital and strategic investment.
"Okay! I understand." An Zhiwen nodded and agreed with Jing Gao's idea. Jing is always the boss, and the boss has the final say.
…
…
After hanging up the phone, Jing Gao finished his work and walked out of the study. At this time, Zhu Yu and Deng Ran had already come up. The dining room was already covered with tableware and lunch was ready.
"Brother Jing..." Everyone greeted Jing Gao one after another.
