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Chapter 215 Business

 The train arrived at Beijing South Railway Station on Saturday evening, marking the end of the one-week trip to Huangshan.

Jing Gao took Weiwei and three others to the gate of Beijing Normal University in a car. At this time, the gate of the school was slightly quiet during the summer vacation.

"Huh..." Li Na, the long-legged teacher, stretched out, showing off her beautiful curves, and looked at the campus in the sunset, "I'm finally back."

Tan Yingying smiled and said: "Hey, pay attention to the impact." She also had big and small bags in her hands.

Jing Gao registered at the school gate and helped Weiwei carry her luggage downstairs to the dormitory. Under the shade of the trees, someone in the bicycle shed gently stroked her hair on her forehead and said warmly: "Weiwei, goodbye. I'll see you in the morning the day after tomorrow."

Come pick you up." Weiwei plans to go back to her hometown on Monday to stay for a few days. Jiaxin High School will start school in early August to make up classes.

Li Mengwei hugged Jing Gao gently, buried her head in his arms for a few seconds, and then waved: "Goodbye!" Carrying her backpack and dragging her suitcase, she walked up the steps and turned back to wave to Jing Gao who was watching her.

.

A feeling of reluctance suddenly arose in my heart.

Several girls entering and exiting the dormitory building had expressions of seeing ghosts on their faces. Is this still the cold goddess from our school?





Jobs' weekly working hours are divided into mid-week and weekend. On Sunday morning, he came to the LeTV Building early in the morning.

Unlike JD.com, which has an executive breakfast + morning meeting at 8 a.m., Jobs started working as soon as he arrived at the company. In the office, Liang Jun, who is responsible for LeTV TV and mobile phones, Liu Hong, CEO of LeTV, and He Yi, chairman of Yidao, have already

Waiting.

"Mr. Jia."

"Mr. Jia."

The three people stood up one after another to welcome the arrival of the king of the LeTV empire. The first half of 2016 was the highlight of LeTV. The A-share market value once reached 180 billion yuan. However, as LeTV executives, they have

I feel that there seems to be some problems with LeTV's empire.

LeTV's top management has reached a consensus: LeTV must now apply the brakes and stop. LeTV's ecological layout has been completed, and its rapid expansion must end.

Mr. Jia has already communicated with them and is preparing to hold a first-half strategic review meeting in August. All employees above the director level will participate. He is preparing to unify this matter in the minds of all employees and make reflections, and rectification will be imminent.

Jabs made a downward gesture, "Everyone, sit down, everyone, sit down." He walked behind the desk, picked up the warm tea that his assistant had brewed earlier and took a sip, "Lao Liang, is the supplier on the phone calling for payment?

"

Liang Jun was originally an executive of Lenovo Group and was responsible for the development of Lenovo mobile phones. He joined LeTV in 2012. Pushing up his glasses, he said, "Old Jia, yes. LeTV Zhixin is suffering from serious losses. New funds need to come in. Moreover, we need to

Stop expanding.”

Jobs did not answer, but asked Yi Dao, Chairman of Yidao, "Lao He, what is Yidao's valuation?"

He Yi is the former vice president of LeTV Holdings and CEO of the Internet of Vehicles company. He just joined Yidao in late June. He said optimistically: "Lao Jia, Yidao is a very high-quality asset, with an overall valuation of at least US$1.3 billion.

.”

Jobs thought for a while, put down the cup, and said: "I will solve the funding problem. Last Friday, I met with an investor with strong funds. However, he wanted to acquire all the shares of Yidao.

Zeng Qiang from Xingen Capital told me that he called me two days ago and made an appointment to meet today. He intends to contact Uber. He came to you just to discuss: Can the mobile phone business be sold? The equity of Yidao

How about selling them all to him?”

The fact that Jiuge Capital spent more than 10 billion Hong Kong dollars to acquire the equity of Canglong Group is not a secret in Beijing. Xi Siyan knows it. Zeng Qiang naturally knows it too.

Jabs’ understanding is that Jinggao has strong financial strength and has the ability to solve LeTV’s financial difficulties. LeTV should seize the time window to negotiate before the crisis occurs and maximize investment.

Liang Jun thought for a while and said: "What can't be sold if the price is right?" LeTV's mobile phone performance in the first half of this year was very impressive. In April alone, it sold 1.62 million units, with a market share of 4.2%.

There is only one reason why it can grow against the trend and achieve such excellent results. LeTV Mobile is losing money and making money. LeTV Mobile has a very large funding gap.

LeTV mobile phones are OEMed by Pegatron over there in Wanwan. Mobile phone manufacturing does not mean that you will be paid when the goods arrive. It has a capital chain control. The better LeTV mobile phones sell, the more it will lose. The greater the actual pressure on the capital chain.

To give a simple example, when LeTV places an order of 5 million units, it will not pay the full price to Pegatron at first. The final payment will be made when the batch is delivered. And LeTV's dealers sell mobile phones from LeTV, which is not the case.

payment.

There is a time difference here, which takes up LeTV's own funds. The larger the order, the more it takes up. Therefore, many manufacturing companies are killing themselves just by doing it. The reason is that the capital chain is broken.

He Yidao: "I don't recommend selling Yidao." You can see how popular the concept of shared travel is now. He only took office two weeks ago and has great power. How could he suggest selling it?

While we were chatting, the assistant opened the door and came in, "Mr. Jia, Mr. Jing from Phoenix Fund is here."

"Okay. Take him to the conference room to sit down for a while. I'll be there right away." Jobs ordered his assistant to stop the discussion with the executives and said to Liu Hong, "Old Liu, please accompany me to negotiate."

Liu Hong, as the CEO of LeTV and a confidant who had followed Steve Jobs for many years, happily said: "Okay."

He can understand the current pressure on Lao Jia. Just invest 2 billion in building a car! Now every sub-ecosystem needs money. Even LeTV Sports, which only raised 8 billion in April, is showing signs of decline. The reason is of course that funds have been secretly transferred

to other areas.





Jing Gao, Qiao Shuang, and Guan Yujia sat in the bright conference room and chatted.

The information revealed by Xingen Capital Zeng Qiang is that Jobs intends to sell an asset to him or provide him with a new and easy-to-sell plan. We can discuss it again.

Jabs, still dressed in a black T-shirt and jeans, walked over and stretched out his hand, "Mr. Jing, I'm sorry to keep you waiting. I was in a meeting just now."

Jing Gao stood up, shook hands with Jabs, and said with a smile, "I just arrived too."

Jabs introduced Liu Hong sideways, walked to the other side of the conference table and sat down, exchanged a few words and said: "Mr. Jing, we didn't reach an agreement last time. Do you think this will work? Letv sell 40% of its shares to you."

.But Phoenix Fund needs to grant voting rights to LeTV for a period of five years. The price is negotiable."

Jing Gao didn't even think about it and directly rejected the plan, "Mr. Jia, I hope it will be a controlling stake and run it by myself. I cannot accept this plan."

Jabs frowned. He wrote a note and communicated with Liu Hong. Liu Hong said: "Mr. Jing, have you considered acquiring LeTV Sports? We own the copyrights of the Premier League, NBA and other events. In April this year

LeTV Sports has conducted Series B financing with a valuation of 21.5 billion."

Qiao Shuang took a gentle breath. If she really buys LeTV Sports, I'm afraid it will cause a sensation immediately. And as the president of Phoenix Fund, she will become the darling of the media. The press conference two days ago gave her a lot of excitement.

Light. None of the authoritative media came.

Jing Gao shook his head, "I'm not interested in the Internet business at the moment." What he wants is industry! One is high-tech, the other is labor-intensive industry, both of which can expand his influence. What's the use of buying LeTV Sports?

?

Jabs made up his mind, "Mr. Jing, I will disassemble the LeTV mobile phone and sell it to you. But you need to sign a ten-year exclusive cooperation agreement."


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