Chapter 432: The chaos of Arnold Group, Germination wants to create another Tengda?!
"Tell me the specific situation."
In the office, Zhang Shuo smiled and asked Lu Kai to sit down on the sofa.
"China Microelectronics' Series B financing is valued at 250 billion. It plans to sell 18% of its equity and raise 45 billion in one-time financing. It can be called China's largest financing in recent years."
This matter has spread in the circle, because Huaxia Microelectronics' appetite is really too big.
In February last year, Huaxia Microelectronics' Series A financing raised its valuation to an astonishing 200 billion. On the surface, the Series B financing raised the valuation to 250 billion, which seems reasonable.
But that’s not how the account is calculated.
During the initial Series A financing, Huaxia Microelectronics' valuation was obviously too high, which discouraged many investors at the time. Except for Germination, the remaining participants in the financing were basically the national team.
It's a bit like a blood transfusion.
In the past two years, Huaxia Microelectronics has not achieved any outstanding results. It has not even made a breakthrough in the 40-nanometer lithography machine. Its Zhongxin also has mediocre performance in the field of wafer foundry.
It has even been left far behind by latecomer Weijing Semiconductor.
It was under such a situation that China Microelectronics dared to quote a valuation of 250 billion, which was the same as the valuation of Daosui Group not long ago.
It is really tempting for investors.
No one would think that China Microelectronics can rival Daosui Group.
"Chairman, the valuation of China Microelectronics is a bit too high. I suggest that a symbolic subscription of 1% of the equity should be regarded as an explanation to China Microelectronics." Lu Kai also said bluntly.
During the A round of financing, Moya subscribed for 1% of the equity of China Microelectronics.
Later, this part of the equity was transferred to the name of Daosui Group.
Better than nothing!
Especially after the Series B financing, this shareholding will be diluted to 0.82%.
It's even more insignificant.
"No!"
Zhang Shuo shook his head firmly, "We must actively participate in this round of financing from China Microelectronics and even strive for as much investment share as possible."
Lu Kai didn't know, but Zhang Shuo knew what was going on.
After mastering the complete set of EUV lithography machine technologies, Huaxia Microelectronics is definitely worthy of a valuation of 250 billion. It is not certain who will take advantage of whom.
Of course.
Because the technology itself flows out from Zhang Shuo, he can feel at ease taking advantage.
"Uh, Chairman, have you received some, uh, information that the outside world doesn't know?" Lu Kai didn't think that his big boss would be confused about this kind of thing.
"Just take it as such."
Zhang Shuo neither admitted nor denied it.
"In that case, I will work closely with China Microelectronics." Lu Kai has no doubts anymore. He knows very well that his big boss is already a man with great hands and eyes.
He has a wide network of contacts.
Not to mention it, just take this contest with Gaotong to get a glimpse of the tip of the iceberg.
………
As soon as Lu Kai left, Lu Qi, the rotating president, walked in.
"Chairman, this year's work report by the person in charge of the subsidiary will be arranged on the 27th of this month. Do you think it's okay?" As the new year is approaching, the work report at the end of the year is also a major event in the bud.
This matter is naturally handled by Lu Qi, the rotating president.
"Can."
Zhang Shuo had no objection, but he thought of another thing and said with a smile: "When it comes to subsidiaries, I have an idea, please give it to the consultant."
"Chairman, please speak."
"Look, recently, the group has added two new subsidiaries, Nebula Technology and Moyin Technology, bringing the number of subsidiaries to thirteen. This does not include Sprout Real Estate, which was reorganized into a department."
The more directly affiliated subsidiaries there are, the more difficult it becomes to manage them.
If Sprout Group is a group company focusing on a certain industry, it would be fine if it has more subsidiaries. Many of them can be consolidated and managed.
The problem lies in the fact that Sprout's subsidiaries cover a wide range of industries.
This invisibly increases the management difficulty of the group headquarters.
This is why, after the completion of the sprout industrial park, Zhang Shuo immediately adopted Jiang Yue's suggestion, abolished sprout real estate, and reorganized it into the property management department of the group headquarters.
It is also consciously controlling the size of first-level subsidiaries.
But this is obviously not enough.
"My idea is whether Qinghe Technology, Jade Bird Interactive Entertainment, Qingyun Data, and the incubating Moyin Technology, which have relatively single businesses, can be integrated into a group subsidiary."
"what do you think?"
Qinghe Technology’s social and platform business, Qingniao Interactive Entertainment’s interactive entertainment business, Qingyun Data’s cloud computing business, plus Moyin Technology’s short video business.
Integrated together, it is almost the peak of the original time and space.
Except for not getting involved in the big entertainment field...
It can even be said that due to the existence of Moyin Technology, the newly integrated group subsidiary is expected to become a Tenda character jumping combination, which is even more awesome than Tenda.
In addition, Pin Xixi is competing against Ali, and Qingcheng Group is competing against the original time and space mold group.
It is no wonder that the uncle, the second uncle and others are worried about the Sprout Group dominating the Chinese Internet.
It is indeed very Dior!!!
"I agree with the integration idea proposed by you, Chairman."
Regarding this issue, as the executive in charge of the group's Internet business, Lu Qi has certainly considered it, but it involves the interests of too many people and too many departments.
It cannot be shaken by Lu Qi alone.
Only when Zhang Shuo, the big boss, took the initiative did Lu Qi express his opinion.
"From the perspective of company size, no matter whether it is Qingyun Data, Jade Bird Interactive Entertainment, or even Qinghe Technology, there is no way to compare with Maili Group, Daosui Group, or even Mango Group."
This is why, although Qinghe Technology and Jade Bird Interactive Entertainment are already subsidiaries of the group, they have not changed their names. Adding the word "group" is because they are almost meaningless in terms of scale.
Doesn't seem convincing enough.
The reason for being upgraded to a group subsidiary is mainly to appease the management of these two companies and give them the salary benefits they deserve.
The symbolic meaning is greater than the practical meaning.
Even if it is said that Jade Bird Interactive Entertainment is a hematopoietic machine comparable to Maili Group, it cannot conceal the singleness of Jade Bird Interactive Entertainment's business and the upper limit of its scale.
In the past year, the scale of Jade Bird Interactive Entertainment has basically maintained the status quo.
Can you take a look at Maili Group?
First, the tablet division was established, and then the laptop division was established.
And it's still going strong.
Not to mention the Daosui Group, which is also in the manufacturing industry. Through "radical" investment and mergers and acquisitions, it owns a large number of powerful subsidiaries such as Changchang Storage, Zhulong Technology, Weijing Semiconductor, and Jing Jiawei.
Weijing Semiconductor alone is comparable in size to Jade Bird Interactive Entertainment.
How can this compare?
With the launch of Mango M1, Mango Group, which is also in the manufacturing camp, has been expanding wildly in the past six months and is building a complete set of supporting industry systems.
Of course, the expansion of the three major groups itself is also related to the characteristics of the manufacturing industry.
But even against Qingcheng Group, Pinxixi Group, Jade Bird Interactive Entertainment, and Qingyun Data, which are also Internet companies, they all seem to be dwarfed by comparison.
Especially the "juniors" fight against the Xixi Group.
The scale of its subsidiary Qingfeng Logistics alone has exceeded that of Qingyun Data.
This is why.
Zhang Shuo proposed integrating Internet subsidiaries, but did not include Pinxixi Group and Qingcheng Group.
The two companies are already on their own, and there is still a lot of room for growth in the future.
"From a business perspective, Qingyun Data, Jade Bird Interactive Entertainment, etc. not only have a single business, but more importantly, cloud computing, social and platform, games, short videos and other Internet businesses are closely related to each other."
"So relatively speaking, the difficulty of integration is also the smallest."
"Okay!" Zhang Shuo smiled and nodded, "Since you also agree with my idea, then you will take the lead and come up with a practical integration plan as soon as possible. Then when the time is right, we will bring it to the board of directors for discussion."
Although the Germinal Board of Directors is Zhang Shuo's boss, the process still needs to be followed.
After all, this is such a big matter.
If it is really done, it will leave an important mark in the development history of the Germination Group.
"good!"
Lu Qi naturally obliged, but he also felt a lot of pressure.
As I said just now, the biggest difficulty in completing the integration of Qingyun Data, Qinghe Technology, Jade Bird Interactive Entertainment and Moyin Technology is that it will touch the interests of many people.
It's just like Tenda's previous business group reform.
The most direct thing is that before the merger, Qingniao Interactive Entertainment and Qinghe Technology were already group subsidiaries. As a result, the four companies were integrated together and they were still group subsidiaries.
It will inevitably be necessary to adjust the ranks and benefits of many people.
Isn't this an offending chore?
In addition to being serious about breaking down the barriers of interest, how to integrate and what kind of organizational structure the new company will adopt after the integration is also a difficult point.
Since Zhang Shuo proposed it on his own initiative, it cannot be just a physical merger in a simple sense.
Then the meaning of integration is lost.
Although Zhang Shuo's initial starting point was to reduce the number of first-level subsidiaries through integration, in essence, it is still necessary to achieve an optimization effect of one plus one that is greater than two through integration.
Instead of provoking internal friction on the contrary.
If that were the case, it would be a complete failure.
so.
This is by no means a simple task.
Despite this, Lu Qi still readily agreed because he was a person who wanted to do things, especially to make some real achievements in Germination.
But things often backfire.
Calculating the time, it has been a year and a half since Lu Qi joined the Sprout Group. His biggest achievement was actually the establishment of a search laboratory, but his performance in the most critical role of rotating president was tepid.
And now.
It is undoubtedly a good opportunity to do something.
If he can lead this major merger and gain approval from the group, then Lu Qi will truly establish his prestige and gain a firm foothold in the huge system of Sprout.
………
Monday, December 9th.
Perhaps because it’s the New Year’s Eve, the Chinese Internet has rarely been quiet in the past week.
Even the aggressive Arnold Group, which has announced a merger, has not made any big moves in a hurry, and is probably still busy with internal integration.
The plan is to wait until the spring of next year before launching a challenge to Qingcheng Group.
It is said that because the three giants each have their own little ones, the integration of the Arnold Group was very unsmooth, causing many people to leave their jobs. Moreover, they were not transferred to the headquarters of the three giants as the three giants wanted, but found another way out.
This is so fucking embarrassing.
For another example, the founding team of Dacong Dianping who originally stayed at Nomi Dianping was completely marginalized during the merger with Ali-Dianping.
Either he was given a false position such as consultant or director, or he was delegated.
This made the founding team members so angry that they resigned collectively and planned to use the money to start a new business instead of staying in the Arnold Group and acting as a doormat.
This incident also caused a bit of a stir on the Internet, embarrassing the Big Three.
His face was quite dull.
In addition to the dissatisfaction of the senior management team, the lower-level employees are also constantly complaining, especially the former Ali-Dianping employees, who were originally honorable members of the Ali Group system.
This merger is basically equivalent to breaking away from the Ahri system, and it will no longer be popular in an instant.
In the past, when they went home to celebrate the New Year, when people heard that you were an employee of Ahri, they would look at you twice. Now that you are an employee of the Arnold Group, the uncle and aunt are immediately confused——
"What does the Arnold Group do?"
For those who didn’t know, I thought I was fired by Ahri.
In addition to the loss of face, there is also the loss of actual income, especially those employees who are expected to receive Ali's equity incentives and stop working immediately.
“I feel like I’ve lost a hundred million!!”
This kind of thing doesn’t just happen in Ali-Dianping. Didn’t Moya and Warwick also encounter similar problems before when they jointly founded Xisang Technology?
This chapter is not over yet, please click on the next page to continue reading! Until now, there are still undercurrents surging within Xirang Technology.
Because of this, many people are clamoring to be transferred back to Ahri. However, although Ahri promised to accept the "overflow" employees after the merger, how could it accept them all?
Doesn’t that mean hollowing out Ahri-Dianping?
Not to mention whether Ahri's headquarters has such a large space to gather, Tengda, Qiandu will not agree.
What if Ali comes up with a trick to "build plank roads openly and secretly build warehouses", and then builds a local life platform internally, wouldn't it be a lot of fun?
This kind of thing is easy to do with Ahri's nature.
The result is.
From top to bottom, the Arnold Group is noisy and impossible to watch.
It can also be seen from this that the merger prospects of Ali-Dianping and Nomi Dianping are far less promising than what the three giants previously predicted, and they are bound to experience many disturbances in the future.
The road to integration is bound to be longer than they previously expected.
The most optimistic prediction is that it will take at least half a year to straighten out the internal relations of the Arnold Group. As for truly forming a synergy and working together, it will have to be calculated in years.
Even this may not be possible.
If after the merger, like the merger between Arnold Group and the original time and space mold group and Da Cong Dian Ping, there will be almost no decent competitors in the Chinese market, then it can still be slowly adjusted.
Anyway, we have already unified the world, so there is no rush.
But the problem is——
Opposite the Arnold Group, there is also a more powerful Qingcheng Group.
In the next year, when Arnold Group is busy with internal integration, Qingcheng Group will not stop and wait for Arnold Group, but will continue to move forward.
However, the next two to three years will be the best window period for the local life service industry.
This is really going to kill you!
Therefore, time is not on the side of the Arnold Group at all, and the current situation does not allow the Arnold Group to complete the integration step by step.
If that really happens, the day lilies will probably be cold by then.
As a result, Ahri, Tengda, and Qiandu had to set up a coordination group each and hold meetings every three days to complete internal integration in the shortest possible time.
"Even if it means firing a group of people, I won't hesitate!" the uncle said.
This is getting serious.
You can imagine how chaotic the Arnold Group is now.
Especially as the new year is approaching, whether it is the former Ali Dianping employees or the former Nomi Dianping employees, especially the middle-level and above managers, they probably will not be able to have a good New Year.
It’s so hard!!!
The problem is that from the very beginning, fundamentally, the three giants have had their own demands and their own interests, so even if a special coordination group is set up, it may not really work.
It may even become more chaotic with more control.
The most obvious change is that before the internal integration of the Arnold Group, the management began to form cliques, side with each other, and suppress each other, and they were divided into the Ali faction, the Tenda faction, the Qiandu faction...
How to do this?
This chaos within the Arnold Group was inevitably transmitted to the platform side, causing various errors in the services of Ali-Dianping and Nomi Dianping.
This has made consumers complain.
The current Arnold Group has a strong sense of "death before it starts".
………
Not to mention the excitement of the Arnold Group, with the verdict of the Gaotong case, not only Gaotong has been very docile in recent times, but even overseas giants such as Pingguo and Sanxing have been rare in keeping a low profile.
Of course, I am not afraid, but I am watching in secret.
Maybe there is some connection behind the scenes, some conspiracy brewing.
But in any case, the low profile of giants such as Pingguo has indeed given Maili Mobile a rare opportunity to explore overseas markets, and it has been frantically conquering cities and territories recently.
Maili mobile phone has finally opened up in the European market.
After the regular meeting on Monday.
Lu Kai came to Zhang Shuo's office and reported separately on the latest progress of China Microelectronics' Series B financing.
"Chairman, something is wrong. It has been several days. Apart from us, other investment institutions, including the national team, have shown little interest in this round of investment from China Microelectronics."
Lu Kai was worried whether the big boss's information was wrong.
"That's not good, we can take the opportunity to get more equity."
Zhang Shuo couldn't explain it to Lu Kai and asked: "As of now, which institutions have subscribed?"
"There are only two companies, one is China Investment and the other is China Semiconductor Industry Fund, but they only subscribed for 3% of the equity each, and the gap is still huge."
Don't blame Lu Kai for being suspicious, this is indeed a bit abnormal.
"Some investment institutions, like Scarlet Capital, have even stayed away from China Microelectronics' financing, as if they were afraid of being entangled," Lu Kai added.
"Scarlet Capital, is it worthy?"
Zhang Shuo shook his head in amusement. With the financial strength of Scarlet Capital, he really couldn't afford a financing situation of 40 to 50 billion.
He basically guessed it.
Perhaps because the EUV lithography machine technology is too sensitive, the official handling is also very cautious. Even internally, except for China Microelectronics, other institutions have not received the slightest comment.
Like my second uncle.
When we communicated on the phone last weekend, no information was disclosed.
"Don't worry about what other investment institutions think. We invest in ours. Since there is still such a big gap, we will subscribe for 10% of the equity of China Microelectronics in one fell swoop."
In this way, Germination Group has become one of the major shareholders of China Microelectronics and even has the opportunity to nominate a director of China Microelectronics.
No longer a soy sauce role.
"10%?"
Lu Kai was even more surprised. According to his previous prediction, the odds would only be 5%.
This is 25 billion funds.
It is enough to set up several rounds of semiconductor funds and even acquire more than a dozen semiconductor companies.
"Just 10%."
Zhang Shuo, on the other hand, was categorical.
"Oh well!"
Lu Kai really couldn't figure out where the big boss's confidence came from. When he saw that the big boss was so determined, he couldn't listen to the advice at all and had no choice but to implement it.
Thinking about it makes me feel a little distressed!