The very fashionable restaurant has a very good view, with the Huangpu River flowing eastward in the autumn. At the seat next to the window, Guo Lingyu looked at Jing Gao with burning eyes, waiting for his answer.
Jing Gao didn't pretend to be sophisticated. He smiled lightly and said, "Okay. I'm waiting for Goldman Sachs' capital to come in."
Goldman Sachs, **** are all the top investment banks in the United States. However, times have changed! It is no longer the time when the five major investment banks in the United States were at the top of the global financial food chain before the 2008 financial crisis.
And, even if it is, he won't be afraid!
In China, some people frequently cite reports from Goldman Sachs and JPMorgan, saying what will happen to this matter. There are also reports from the three major rating agencies in the United States. Don’t you know that they often sing the tune of the theory of China’s collapse?
Are you out of your mind if you believe Americans on China's economic issues and commercial affairs? Anyway, he looks down on this kind of financial comprador.
Therefore, Liu Qing should not expect him to kneel down when he hears the word "Goldman Sachs". What about Goldman Sachs? It is nothing more than controlling the level before the US stock market goes public! Who are you scaring? Wait until you put Didi on
Listed on NASDAQ in the United States, believe it or not, I have already killed Didi in China?
Guo Lingyu had a very high opinion of Jing Gao. After the last meeting in Shencheng, she realized that she needed to maintain a good relationship with Jing Gao. At this time, she originally wanted to persuade Jing Gao, a financial capital on Wall Street.
The energy was terrifying. But after thinking about it, he smiled and raised the tall glass, "Mr. Jing, you are so domineering!"
Jing Gao laughed and said, "Miss Guo, your butt is completely crooked." He raised his glass and touched it to her.
Guo Lingyu smiled softly, with bright eyes and white teeth, and a very charming smile, and said: "Mr. Jing, I am only entrusted by Jean to convey the message in a private capacity. This does not mean that I support Didi's position. I admire you very much.
Reply: I think it’s more appropriate for you to hold Uber as a company than to hold shares in Didi.”
This is more candid.
Jing Gao nodded with a smile and said: "Miss Guo, please give me a message to Mr. Liu. My original intention remains unchanged and I am still willing to acquire Didi. In addition, if any Didi shareholder wants to withdraw, I am willing to follow the instructions.
Didi was purchased at a price calculated on its latest valuation of US$33.5 billion in September.”
"Giggle." Guo Lingyu said with a smile: "Mr. Jing, I will bring it to you. However, you are continuing to compete with Jean! Moreover, Didi's investors should have signed an agreement and cannot sell their shares.
To Didi’s competitors.”
Jing Gaodao said: "So, let Didi's shareholders push Didi to merge with Uber." He had to consider the withdrawal of Didi's state-owned capital.
Guo Lingyu rested her elbows on the dining table, looked at Jing Gao with her wonderful eyes for a few seconds, then smiled, took a sip of red wine, and said seriously: "Mr. Jing, you are going to kill Didi!"
How could she not see clearly Jing Gao's business strategy? You must know that Uber (China) currently dominates the market. If the subsidy war continues, US$33.5 billion is likely to be Didi's highest valuation.
If Jing Gao is willing to acquire Didi at this price, many investors will surely be satisfied. There will be no resentment or blame on Jing Gao.
Then, here comes the crux of the problem. The management of Uber and Didi are unwilling to give up control of their respective companies. However, Uber is dominated by the Phoenix Fund, and Jing Gao has the final say. What about Didi?
It’s not Cheng Wei, Liu Qing who has the final say. Capital has the final say.
Moreover, Uber currently has the advantage and can drag on. How can Didi drag on? The longer it drags on, the lower its valuation will be.
Jing Gao smiled and took a sip of red wine. It was so comfortable to chat with smart people. It was even more comfortable to chat with a smart and beautiful beauty. His eyes passed through the collar of her pink shirt. This woman was so fierce.
"Hey..." Guo Lingyu reacted at this time. She covered her collar with one hand and sat up straight. She glanced at Jing Gao angrily and then invited her generously: "Mr. Jing, this meal is almost done. Let's go upstairs.
Want some more drinks at the bar? I heard the view from the top is pretty good."
I thought the scenery just now was very good. Jing Gao smiled inwardly and declined: "Miss Guo, let's wait for another day. After we finish talking about the business, I'll treat you to a drink."
Obviously, Liu Qing asked Guo Lingyu to pass the message, which was the beginning of a series of confrontations and negotiations between Didi and Uber. It was not a summary. His energy must be used on business, instead of letting down his guard now and going for a drink with Guo Lingyu.
Admiring the river view, thinking about how to be a miner, opening tunnels and expanding them.
Guo Lingyu's bright eyes moved slightly, she nodded with a smile and said, "Okay."
…
…
At noon on the 24th, Liu Qing was also meeting "friends". As the financial center of China, Didi also has many shareholder representatives or principals who live in the city.
The bright sunshine fell on the terrace. Liu Qing was wearing a shirt and trousers, eating French food with Shen Nanpeng of Hongbin (China) and Xie Ying, the managing director of Alibaba Capital.
Alibaba Capital is the strategic investment department of Alibaba. It consists of 5 teams. 3 in China, 1 in the United States, and 1 in Southeast Asia. The capital scale exceeds 20 billion US dollars. These five teams report directly to Cai Chongxin.
I believe everyone who is familiar with Alibaba’s founding experience will know Mr. Cai’s name. He is Jack Ma’s most important assistant and can be called his right-hand man.
Xie Ying, the director and general manager, is responsible for investment in the TMT field within Alibaba Capital. There are three others at the same level as him in the country.
Given Alibaba's current status in the domestic business community, to be honest, even if Shen Nanpeng is a business tycoon and Liu Qing is Mr. Liu's biological daughter, it is impossible for Mr. Cai to fly from the United States to Shanghai to have a meal with them.
Shen Nanpeng pondered and said: "Mr. Liu, do you think Jing Gao from Phoenix Fund will accept your conditions?"
Liu Qing cut the steak elegantly and said: "From his personal pursuit, it is unlikely that he will agree. After all, he once paid a premium of 2 billion US dollars to acquire Uber, which shows that he is very optimistic about the online ride-hailing business. However, from the perspective of
In terms of his own interests and the actual situation, I think he should accept it. If necessary, Didi can give Phoenix Fund a board director position."
She met and had dinner with Shen Nanpeng and Xie Ying today, hoping to get their merger plan to agree.
Shen Nanpeng nodded slightly.
Xie Ying praised: "Mr. Liu is so courageous! The subsidy war between Didi and Uber cannot continue, it is completely meaningless. Mr. Liu is very sincere in this condition. A moderate concession of benefits is okay. "
He is an investor. Sometimes the valuations of Internet companies are very fictitious. Even investors and invested companies jointly raise their valuations by exposing themselves to the outside world.
It seems that Liu Qing's plan will seriously harm the interests of Didi's shareholders. Think about it, Didi's valuation is US$33.5 billion. It will merge with Uber, which is US$15 billion. How much benefit will be transferred?
Do the math for this subtraction.
But that’s not the case. If Didi exchanges new shares for Uber shares, how much will it cost? How much does it cost to issue new shares? The number of shares of each Didi shareholder has not changed, but the shareholding ratio has been diluted by 50%. However, as long as the valuation of the merged Didi continues to rise, the value of each shareholder's shares will not lose 50%.
So this is a balance point. All investors must understand one truth: be safe. It doesn't matter how much you value, your shares will be sold at this price in the end. This is purely thinking too much.
Public information shows that Uber received a US$3.5 billion financing from Saudi Arabia in June 2016. Uber’s valuation is as high as US$68.1 billion. Therefore, the new Didi still has upward potential in terms of valuation.
Liu Qing can use this method to "kill" Uber, which is a victory! This is a way to protect the interests of investors.
Liu Qing raised his wine glass and said with a smile: "Mr. Shen, Mr. Xie, thank you for your support."
"Cheers!" Shen Nanpeng and Xie Ying raised their glasses and drank together.
At this moment, Liu Qing's cell phone rang. She looked at the number and saw that it was Guo Lingyu. After thinking about it, she answered the phone at the dining table and asked confidently: "Lily, were you talking to Jing Gao?" How is it going?"
Of course, Guo Lingyu would not show her inner preference in front of Liu Qing. She was entrusted with loyalty and said with slight emotion: "Jean, Jing Gao rejected your proposal. She made it clear that if Didi wanted to introduce When Goldman Sachs' capital goes public in the United States, he will accompany it until the end."
Liu Qing's face suddenly turned ugly, and she pursed her lips and said, "So, he wants to fight Didi to the end?"
"That's not the case. Jing Gao asked me to convey his thoughts to you. He is still willing to acquire Didi. He also said that if any Didi shareholder wants to withdraw at this time, he is willing to pay the valuation of Didi's September financing. The calculated share price acquisition was worth $33.5 billion.”
Liu Qing immediately realized the purpose of Jing Gao releasing this "news". She couldn't help but gasped, "Hiss~". She was in big trouble.
After hanging up the phone, Liu Qing broke free from her anxiety and looked at the two heads of Hongbin (China) and Alibaba Capital sitting in front of her. She couldn't help but smile bitterly and felt a little dizzy. This was really a slap in the face!
She just said that Jing Gao would definitely agree to her terms from a profit perspective, but Jing Gao not only refused, but also slapped her in the face.
Shen Nanpeng sat at the dining table and asked with concern: "Mr. Liu, are you okay?"
…
…
The lunch ended in a slightly silent atmosphere. It was impossible for Liu Qing to hide such big news from his two partners.
Again, Shanghai is the financial center of the country. The network of connections here is like a spider web. Maybe the shareholders of Uber and the shareholders of Didi will be eating at the same table. There is no way to hide it. .
"Goodbye, you two!" Liu Qing, Shen Nanpeng, and Xie Ying shook hands and said goodbye. They came out of the French restaurant on the fifth floor and called their assistant. When she walked out of the mall, a Mercedes-Benz was already parked on the side of the road.
In the afternoon sunshine, Liu Qing, who was only wearing a shirt and taking off her coat, suddenly felt a bit cold in the wind blowing from the high-rise buildings. "Autumn is here!" He got into the car and ordered: "Go back to the hotel."
"Okay, Mr. Liu."
Liu Qing first met with Guo Lingyu to learn more about the conversation between her and Jing Gao. Then she returned to the Pudong Ritz-Carlton Hotel where she stayed, and meditated alone in the room for two hours. At six o'clock in the afternoon, I made a call to Didi’s founder and CEO Cheng Wei.
"Liu Qing, have you had dinner?"
In the luxurious five-star hotel suite, Liu Qing looked out the window at the bright night view of the Magic City, which was not much worse than Manhattan, New York. Listening to Cheng Wei's voice, thousands of thoughts came to his mind, and he didn't know what to do for a moment. answer.
On the phone, Cheng Wei felt something was wrong and asked: "Liu Qing, are you okay?"
Liu Qing's voice was a little hoarse and she said in a low mood: "Mr. Cheng, our... career is about to end."
When she joined Didi, she never imagined that such a day would come. When Didi dominated the Chinese market, she never imagined that such a day would come.
This entrepreneurial journey cannot be called a failure. After all, it can be sold for 33.5 billion U.S. dollars. However, Didi and her team have developed and grown bit by bit. Can she not feel bad if she sells it? But if she doesn’t sell it, Didi will still be there. Can you hold it?
In the night, Liu Qing finally couldn't help crying.
