In early October 2016, there were rumors that Jing Gao, the actual controller of Phoenix Fund, might be worth more than Ma Yun.
This is a very eye-catching inference. The word "possible" is used because neither Phoenix Fund nor Jiuge Capital has been listed, and no one knows how many shares he holds.
Judging from the public acquisitions of Phoenix Fund and Jiuge Capital, Jinggao spent a total of more than 20 billion US dollars in half a year. This is a very astonishing number.
However, does this mean that Xie Shihuang, who holds an important position in the Ali family, will take this upstart seriously when he meets Jing Gao?
Judging from Xie Shihuang's behavior of drinking morning tea at this time, this can show his life-oriented side and create a good atmosphere for the talks later. It can also be understood that he is neglecting Jing Gao and showing off to his seniors.
The leadership attitude.
Brother Dong told a short story in an interview. One year at the Wuzhen Internet Conference, Ma Yun came in from outside. Brother Dong said hello to Ma Yun. This was the first time they met. Ma Yun said, "Oh, you
It’s Liu Qiangdong, so young.”
The number one master in the world, Feng Qingyang, is still quite impressive.
The leopard can be seen through the tube, and the details can reveal the overall situation.
The sun shone in the bright, elegant and spacious box, bringing with it the tranquility of autumn. At the large round dining table, Xie Shihuang slowly wiped his mouth with a towel, stood up, shook hands with Jing Gao, and said with a smile: "Mr. Jing,
Would you like some morning tea?"
Jing Gao refused with a smile: "Mr.
Western food is mainly fast.
Xie Shihuang nodded, made a gesture to invite Jing Gao to sit down, and said, "My schedule is late, so I can't compare to you young people. I'm sorry. I've already informed Xiao Cheng and Xiao Liu, and we'll talk about it when they arrive.
"
Jing Gao said happily: "Okay."
While Xie Shihuang was eating "breakfast", he chatted with Jing Gao, "When was Mr. Jing born? You can't find your information on the Internet. Not even Baidu Encyclopedia or Sogou Encyclopedia."
Jing Gao took out two mobile phones from his handbag and placed them on the dining table. He smiled and said, "I was born in 1989."
Baidu is cooperating with Phoenix Fund on Uber. This face should be given. Sogou, Weibo, and Toutiao are all discussed by people from the public relations department.
Xie Shihuang glanced at Jing Gao's mobile phone on the dining table and smiled. In this smile, it seemed that some kind of pressure in the air was dissipating. He called the waiter to take away the snacks and tea in front of him.
.I served two more cups of tea and chatted with Jing Gao.
"Mr. Jing, you bought Coolpad and didn't use Coolpad's mobile phone?"
Jing Gaodao: "It's useless for the time being. The management team at Coolpad is still adjusting." Coolpad is in Shencheng, and he has Wu Jingshu from Jiuge Capital in charge of it. He has already sent an email to Wu Jingshu, asking to replace 80% of Coolpad's management team.
Executive.
Nonsense, these people made Coolpad phones look like this. Except for the responsibilities of the founder and former chairman of Coolpad, these people's abilities are very limited. Jing Gao is planning to recruit more people from Huawei, vivo, and oppo.
Executive.
Xie Shihuang was just talking about this, not to accuse Jing Gao or anything, but reminded: "Mr. Jing, I have heard some rumors recently, you should pay attention to them.
Some people say that you like to mix political factors and personal preferences into your business. They say that you are very dissatisfied with some people in Wanwan. You once criticized Li Kaifu semi-publicly in the entrepreneurial circle in Shenzhen, which led him to criticize your entry into the shared bicycle industry.
Set up obstacles.
Therefore, I predict that if you enter the mobile phone industry, Foxconn will probably not OEM for you. Or it will give you a very harsh price. Do you know what Guo Taiming said during the election last year? He said, he gives us food.
.
Who among us Chinese would feel comfortable hearing this?"
Jing Gao smiled softly, put the tea cup in his hand on the dining table, and said loudly: "Mr. Xie said it too tactfully! In my opinion, the person named Guo just doesn't know how high the sky is. How can he, a man in a sweatshop, have the dignity to brag?
Huh? Who feeds whom?
Furthermore, I am not the only one who scolded people with the surname Li. Colonel Dai also scolded him back then. Such a person must not be regarded as an entrepreneurial idol for Chinese youth!
So, some people, regardless of the joy they are having now, will make a list in the future. At this point, Wanwan is not as smart as the Japanese and Japanese people. The Japanese and Japanese elites all know that in the future we will completely liquidate them and put the Tokyo Trial
Done what you haven't done yet.
Of course, after all, it is one country, two wisdoms. I understand."
Xie Shihuang's eyes changed slightly when he looked at Jing Gao. To be honest, who doesn't have some feelings for family and country? Especially now that the country is getting stronger, more prosperous, and more prosperous. But when doing business, you really need to downplay these things in order to
The pursuit of profit is the first goal.
Xie Shihuang raised his tea cup, replaced the wine with tea, and invited Jing Gao to take a sip with him. He sighed and said, "Mr. Jing, I need to remind you. Your attitude may make it difficult to use your mobile phone.
TSMC’s Zhang Zhongmou is a die-hard member. For chip foundry, TSMC will probably not allocate its production capacity to you.
If you sell tens of millions of mobile phones a year, it won't be a big problem. There will definitely be channels to get the goods along the coast. But if you want to become one of the top five domestic mobile phone manufacturers, then the problem will be big. Of course, there is no direct access to chips from second-hand channels.
The cost of placing orders with manufacturers is low.
Not to mention the problems that chip design requires manufacturing."
Some self-media are just fucking idiots, and they even boast that TSMC is a Chinese company, so what? What the fuck! Do you know who brought SMIC to its death in the first place? Do you know who sued SMIC in the United States?
International?
TSMC.
Unless this bastard company is killed, it will be difficult for China's chip manufacturing industry to rise. Because it occupies nearly half of the world's chip foundry share. If the chip manufacturing industry is not good, it will not solve the problem that Americans are stuck in.
Jing Gao nodded, indicating that he knew what he was talking about. He raised his teacup, gave Xie Shihuang a sip of tea, and asked, "Mr. Xie, where did you hear such rumors about me?"
Xie Shihuang laughed and said, "There are many sources." He laughed and refused to tell Jing Gao. In fact, he clearly knew the source of the rumors.
They are all hanging out in the world of martial arts, always looking up and seeing each other. Even though Jing Gao had semi-publicly criticized certain people by name in Shen City, how could it spread so quickly? There was someone behind the scenes who was adding fuel to the flames!
As far as he knew, the recent wave of rumors about Jing Gao was spread by Ren Chao, a private equity fund manager in Shanghai. Anyway, this person was the one dancing the most.
A manager of a private equity fund is insignificant in the world. But this person's identity is a bit special. He is the nephew of Ren He of Galaxy Group.
…
…
Jing Gao and Xie Shihuang were chatting here when Cheng Wei and Liu Qing came in under the leadership of manager Du Zhijie.
One is fat and the other is thin, one is male and the other is female, they complement each other perfectly. The two of them indeed cooperate very well in Didi's operation.
"Hello, Mr. Xie."
The morning sunshine makes the time alternate in the private room of "Jiangnan Pavilion". The elegant furnishings reflect shadows.
At the dining table by the window, Xie Shihuang stood up early, shook hands with Cheng Wei and Liu Qing respectively, and then introduced: "Xiao Cheng, Xiao Liu, this is Mr. Jing from Phoenix Fund. You are young and promising!"
Cheng Wei adjusted his glasses, with a smile on his fair face, shook hands with Jing Gao, exchanged greetings, and said politely: "Mr. Jing, this is our first meeting, please give me your advice."
Liu Qing's look at Jing Gao was a little complicated. In fact, she had contacted Jing Gao twice behind Cheng Wei's back. Both times she appointed her junior sister at Harvard, Guo Lingyu, as the representative. But the strength of Didi and Uber was constantly changing.
.At this point, the offensive and defensive momentum is different!
Cheng Wei is considered young among successful entrepreneurs, but he is still 34 years old. Liu Qing was 39 years old at the time.
Jing Gao was twenty-seven years old and in his prime. He smiled and shook hands with Cheng Wei. "Mr. Cheng, you are very polite." Then he shook hands with Liu Qing.
Xie Shihuang smiled and waited for the three of them to finish greeting, then made a gesture to invite: "Everyone, sit down. Everyone, sit down. I just had a small chat with Mr. Jing for a while, and now let's go straight to the topic. Didi and Uber merge."
This is the general trend. In the past month and a half, Uber has gained an astonishing market share, and its market share nationwide has surpassed Didi.
Mr. Jing, how do you plan to acquire Didi? Or, to put it more bluntly, how do you plan to arrange for Xiaocheng, Xiaoliu and their excellent team?"
The three of them looked at Jing Gao with burning eyes.
Jing Gao looked around, his eyes slid over the faces of the three people, and said calmly: "I hope that Mr. Cheng, Mr. Liu and other core teams will resign. Of course, I can set aside half a year to a year as a buffer. Your stocks
This is all taking the normal path.”
Cheng Wei and Liu Qing looked at each other and were disappointed. Obviously, this was the worst outcome of their calculations.
Xie Shihuang asked Jing Gao to talk about the plan first. One was that he and Jing Gao had a good conversation, and there was no need to be aggressive. The other was negotiation skills. He could "correct" a little bit. Then he said: "Mr. Jing,
Do you think this is okay?"
Jing Gao looked at Xie Shihuang and slowly took a sip of tea.
Xie Shihuang said: "After the merger of the new Uber, the equity will definitely be very dispersed. It will be difficult for Phoenix Fund to continue to control or hold more than 30% of the shares. So, what can be used to ensure control?
You talked about using the AB share model in Magic City. But this method can only be used after listing. What about before going public in the United States? Have you considered referring to our Alibaba model and setting the quota of board of directors to control the model."
Jing Gao pondered slightly.
The famous "Alibaba model", Jing Gao has not been doing nothing these years. Of course he has some understanding of it. It is everywhere on the Internet.
According to the well-known practice, directors are elected by the shareholders' meeting, and then the chairman of the board of directors is elected. The Alibaba management team headed by Ma Yun has very few shares. What should I do if I want to ensure the company's controlling stake?
According to Alibaba's articles of association, Alibaba's directors are elected by Alibaba partners. Note that they are partners, not shareholders' meetings. In other words, the amount of equity cannot determine board seats.
Then some people will say, I want to amend the company's articles of association. No problem. The modification of the company's articles of association requires the consent of 95% of the shareholders. So, how much equity does Ma Yun own in Alibaba? Everyone knows it! 8.9%. Later, it will reduce its holdings to 7%
.
Xie Shihuang is now suggesting that Jinggao adopt this model. Before Uber completes the next round of large-scale financing, Phoenix Fund still holds nearly 80% of Uber's equity, which is enough to amend the company's articles of association.
Generally, the vote required by a company to amend its articles of association is two-thirds.
Therefore, from this point of view, Alibaba's corporate governance is more advanced than Vanke's. Vanke's management team currently maintains control of the company not by virtue of articles of association or systems, but by the support of state-owned shareholders. Of course, Vanke has historical reasons
.
Jing Gao shook his head gently and refused: "Mr. Xie, I don't plan to implement a partnership system at Uber. With Uber's situation, it will be difficult to implement it. Mr. Cheng and Mr. Liu are both very good, but I don't want the company to
There will be internal friction in the future.”
He really needs to think more deeply about the issue of control. If Phoenix Fund's equity in Uber is merged with Didi, it will be difficult to control it. And Uber's management team is actually full of contradictions. If there is capital to control the situation,
, these people may not listen to him.
And if Cheng Wei and Liu Qing are retained and join the board of directors, it’s hard to say who the “new Uber” will be named by then.
Xie Shihuang frowned slightly. He noticed the character of Jing Gao: Ao! This word is used to describe a very famous figure in history. Who is it? Wang Anshi! Wang Shu's nickname is "Ao Xianggong".
What Xianggong Ao said: There is no need to be afraid of changes in the sky, no compassion for people's words, and no ability to uphold the laws of the ancestors. Come to understand, the word "Ao" is not only stubborn and stubborn, but also means brave and not afraid of wind and rain.
Xie Shihuang sighed lightly and said: "Mr. Jing, Mr. Ma is very concerned about Uber's merger with Didi. Xiao Cheng is our talent from Alibaba."
He had no choice but to say it so clearly. It was too low-key! Did Jing Gao not know that he was here on behalf of Teacher Ma?
Jing Gao nodded and said, "Then let me think about it." He stood up and said goodbye.
…
…
Jing Gao left. The atmosphere in Jiangnan Pavilion was somewhat dull.
Xie Shihuang drank tea and pondered slightly. Is today's meeting a failure or a success?
As for Cheng Wei and Liu Qing, it would be difficult for Cheng Wei and Liu Qing to discuss it in front of Xie Shihuang. There is no doubt that Jing Gao's "choice" dealt a huge blow to them.
Teacher Liu Huan had a song that was very popular back then: It depends on success or failure, life is heroic, it’s just about starting all over again.
However, anyone who has truly reached a high position in the workplace understands: There are no second chances! In many cases, a person's time, energy and opportunities can only support one brilliant career.
Just like Cheng Wei, he can exit with money and stocks, but can he create another Didi with a valuation of tens of billions of dollars? It can't be done.
Just like Liu Qing, she is a professional manager. She is nearly 40 years old, and she can still strive to become the second-in-command position in a large company with social influence? Is it possible? Being the boss of someone else is stupid! It can't be done.
Xie Shihuang put down his teacup, glanced at the two of them, and said, "Don't worry, you two. Jing Gao has not made a final decision yet. Phoenix Film and Television will hold a shareholders' meeting and banquet at the Pangu Seven Star Hotel the night after tomorrow. I will discuss it with Ali."
Talk to the entertainment classmate to see if you can get a feel for his tone.
If we really get to the final step and he insists on not giving Mr. Ma face, then we’ll just wait and see! Our Alibaba company is open to both of you.”
"Mr. Xie, thank you."
"Mr. Xie, thank you."
Cheng Wei and Liu Qing stood up and thanked them. The recruitment promise coming from Xie Shihuang's mouth was quite weighty.
…
…
Not long after Jing Gao drove out of Xianghe Golf Club, he received a call from his assistant Guan Yujia, "Mr. Jing, how was the conversation?"
Jing Gao had just been delayed for a while in applying for a membership card at Xianghe Golf Club. Just kidding, if a distinguished guest like Jing Gao came to visit and casually asked about the next visit, would Du Zhijie say: Sorry, Mr. Jing, there is a threshold for membership here.
Isn’t that nonsense? How can anyone do business like this?
The black Audi slowly followed the traffic flow towards the International Trade Center. It was around 10 o'clock in the morning, and the streets were filled with traffic, relatively deserted and busy.
Jing Gao put on his Bluetooth headset and answered the phone. When he heard Guan Guan's warm voice, he felt inexplicably comfortable and said, "The talks have collapsed." He said "think about it" in front of Xie Shihuang was just an excuse. He didn't know how to do it at all.
Make any concessions.
Guan Yujia was extremely surprised, "Did the talks collapse?"
Jing Gao explained the situation and said resolutely: "Am I spending so much money to make wedding clothes for others? Mr. Ma doesn't have such a high reputation with me."
Guan Yujia said worriedly: "Brother Jing, then we will offend two consortium-level companies, Alibaba and Galaxy respectively. The pressure will be very great."
Jing Gao smiled faintly and said: "My silly girl, there is a tenderness in doing business, and it is life and death! This treatment shows that I have reached the core stage of the business. Let's talk about it later. I want to change
Take a look at Uber’s structure.”
After hanging up the phone, Jing Gao looked out the car window while waiting for the traffic light: tall buildings were rising into the clouds, one after another. Where was he in this bustling city?
