Duan Yongping, the founder of BBK, comes back to China to live for a period of time every year. He is a very low-key person and does not make a big fuss when he returns to China. Many people don’t know that he is in Shanghai during this time.
Of course, after Huang Zheng's Pinduoduo emerged as a new Internet giant, A Duan's name has been well known to ordinary people and he is known as the business godfather. BBK's vivo and oppo are among the top five manufacturers in the world in terms of sales. Back then,
His brilliant achievements in making BBK VCD and cordless phones were revealed, as well as his successful investment case in which he made a hundredfold profit by investing in NetEase after going to the United States.
NetEase was listed on Nasdaq in 2000, and then experienced the collapse of the Internet wave, coupled with NetEase's financial problems, the stock price fell to 64 US dollars. Aduan opened a position when NetEase's stock price reached 8 US dollars, and it was not until NetEase's stock price reached more than 100 US dollars.
Reduce holdings.
How many times is the profit in between? You can imagine how awesome and dazzling this investment case is!
In 2006, Duan bought Buffett's lunch on eBay for US$10,000, which started the process of Chinese rich people buying Buffett's lunch. The price is getting higher and higher every year. It is worth mentioning that he brought Buffett's lunch with him that year.
The person Buffett had lunch with was Huang Zheng.
Before that, A Duan was only relatively well-known in the circle. He had an account on Xueqiu, "The Great Way Is Intangible, I Am Tangible", where he would share some experiences on stock trading. Moreover, it is specially noted that in order to avoid misunderstandings, he would not
Comment on domestic business colleagues.
His fans know very well that A Duan is the kind of person who chats when he can, and doesn't talk when he can't. He seems to be very Buddhist, but in fact he has a very thorough view of life and society.
Life is not about arguing with some people to win or lose, but about doing things that make you happy and meeting friends who share the same views.
This will be March 27th, and it has been a few days since he and his wife returned to China to visit relatives and friends. Listening to his "little friend" speaking these words, Aduan smiled and took a sip of coffee, sitting on the balcony of the fifth floor.
Savor the century-old elegance of the magical city of the Bund.
"Let me see, Boss Jing is not necessarily showing weakness to the enemy, or setting up a trap. There is a high probability that he is very dissatisfied with Uber's current performance, so he changed people. And he should have a target candidate, so he first hired his assistant
He was pushed to the position of the person in charge and did something drastic. The teacher at that time had a saying: clean the house before treating guests."
To his old subordinates and his younger brother Huang Zheng, he is not an authoritarian parent, but plays a leader-like role. Perhaps this is also his brilliance!
Not everyone can be a business godfather. At least he must have enough business ideas to be practiced by his disciples. Like Godfather Liu, everyone knows what he means as a godfather. If you don’t know, go to Bzhan and take a look at Professor Zhang’s
Just explain it.
And Jack Ma’s various golden sayings are actually golden sayings, not business logic. With Hupan University so popular and Jiangnan Club bragging so awesomely, no one really thinks that the logic of Jack Ma’s golden sayings is awesome.
Bar?
Lao Ma is really good at doing business, but he may not be willing to teach you the real thing. And you may not be able to do it after teaching him. But A Duan can guarantee that there is a group of disciples who can learn it, and they have the same way of thinking about doing business.
These words made Huang Zheng silent for a moment. He said that Boss Jing was "whimsical" in two ways.
First, he felt that it was a bit nonsense to replace Jing Gao with a new person to take charge of Uber, and to use this matter to dig holes. He was crazy.
Second, he felt that it was unreasonable for Jing Gao to push his assistant to Uber in order to turn around performance.
Assistants can do many things, but not every assistant can eventually become a talent. He has started many businesses over the years, and Pinduoduo is the most successful. He has also met quite a few people and has his own understanding of the assistant position.
But now A Duan actually thinks this way.
Duan Yongping smiled slightly and didn't say much. He either liked preaching or just chatting.
He met Jing Gao in Silicon Valley in the United States, and he knew a little about this little brother who was two rounds younger than him! For example, even though Jing Gao likes to hide behind the scenes, Jing Gao actually has a very strong personality.
This kind of strength is not the kind of arrogance or brainless self-confidence, but a kind of confidence that comes from the heart: So do this as I say!
In addition, after just a few hours of contact in Silicon Valley, he discovered that Jing Gao particularly admired his teachers, was familiar with Mao Zedong's Selections, and could practice and apply them in business wars. He was an entrepreneur with quite a lot of substance. He was not the kind of small talker.
Young or rich second-generation entrepreneurs who pretend to be deep and steady.
Huang Zheng thought for a while and said: "A Duan, do you think Uber is a stock that you can invest in?"
Two years ago, Phoenix Fund begged him to invest in Pinduoduo and develop e-commerce to compete with Alibaba. But he didn't agree at all. Because Pinduoduo had already developed at that time and was about to be listed on the Nasdaq in the United States.
Going public, there is no shortage of money at all. What else can Phoenix Fund bring besides money? Hostility with Alibaba? It is completely unnecessary.
In the end, Aduan called him, and he gave Phoenix Fund 5% of its shares, at a high premium of course.
Therefore, he actually has a psychologically condescending "advantage" over Jing Gao. He does not believe in the rumors about Boss Jing's illustrious reputation. Now that the dividend period of the mobile Internet has expired, who is not the person who can start a business?
With a fierce reputation, stepping on the "corpse" of others?
However, A Duan seems to have a very good opinion of Jing Gao.
Duan Yongping smiled and put the coffee cup in his hand on the dining table and said: "I haven't studied Uber's stock yet. I'll look at Uber's reports another day."
His main battlefield for value investing is the New York stock market and the domestic stock market. He really doesn’t pay much attention to Hong Kong stocks.
In fact, he is already paying attention to Uber. If Uber's stock price drops due to the change of chairman and CEO, then he may buy shares. Now that Shanghai-Hong Kong Stock Connect has been launched, he is in Modu Yiyi and BBK
We have a separate financial team, and we also lead investment projects for our brothers.
It's just that he doesn't want to say more right now, which is actually unnecessary. He doesn't like and doesn't like convincing others. He just expresses his own opinions. Whether others agree or not is not something he can control.
Huang Zheng nodded and turned to chat with A Duan about other interesting things.
…
…
The news that Uber's chairman and CEO Zhang Yanqi resigned due to personal reasons was announced by Uber, causing great shock and turmoil.
Jing Gao did not change his mind about the outside world, but continued his ordinary but fulfilling and happy daily life in the capital.
On Saturday morning, he took his beloved wife for a prenatal check-up. While Weiwei was doing musical prenatal education in the hospital, he received a call from Li Yanhong while waiting outside the room: "Mr. Jing, what's going on with Uber?"
Baidu is one of Uber's shareholders and a member of Uber's board of directors, with a seat. Of course, it is not Li Yanhong who serves as a director, but a vice president of legal affairs below him.
Jing Gao and Li Yanhong have a good personal relationship, and he said bluntly: "Uber's annual report was too bleak. I really don't have the eyes to see it, so it can only be changed."
Li Yanhong probed: "Mr. Jing, how good is Jing Shufeng? Uber is a core member company of the Phoenix Group!"
Jing Gao smiled and said: "Mr. Li, don't worry, Xiao Jing still has two brushes." Of course he would not reveal his true thoughts, but would help his assistant.
Li Yanhong laughed, thought about it countless times, and said, "Okay, Baidu will support your decision."
"Mr. Li, thank you. We will have a golf date another day. I haven't played with you for a while."
"Okay." Li Yanhong smiled and hung up the phone. This kind of invitation is invalid in ordinary social interactions. There is no "next time". But at his and Jing Gao's level, this is just a word. As long as he looks back
If you want to talk to Jing Gao about something, you can make an appointment at any time.
Baidu's voting rights on Uber's board of directors are "invalid". Uber was the first company in Hong Kong to adopt AB shares. At that time, Jing Gao was tossing the secret directors of the Hong Kong Stock Exchange. Therefore, it held more than 50% of the votes.
right.
Therefore, regardless of the rumors from the outside world at this time, he is of course willing to go with the flow and sell Jing Gao a small favor.
