Chapter 169 Andy, Chief Financial Officer of Origin Technology
After chatting for a while, Andy’s understanding of Origin Technology was beyond Li Mu’s imagination. It seemed that she had put in a lot of effort before. Many of her opinions and suggestions made Li Mu’s eyes shine. In addition, Andy was a top-notch person who had returned from Wall Street.
An investment banker, Li Mu, suddenly had an idea in his mind.
Does Yuandian Technology’s current chief financial officer lack in ability compared to Andy? What if...
After chatting for a while, Li Mu suddenly changed the topic.
"I heard that in order to strengthen the PC business, your Shengxuan was acquiring Red Star recently. Lao Tan pulled you back from Wall Street and was responsible for this matter."
"Well, I am currently in charge of the Red Star acquisition case." Andy nodded readily. This was not a secret.
Li Mu said doubtfully: "Today is the era of mobile Internet, and the peak of PCs has long passed. Whether it is HP, Dell in foreign countries, or Lenovo in China, there are so many strong people inside. It has long been a red sea. Let's talk about a sunset industry.
It’s not an exaggeration.”
"Look at Lenovo, the world's leader in the PC business, with annual sales of more than 300 billion yuan and a market value of only tens of billions. It is not even as good as a start-up company."
"The PC business of the company you plan to acquire, Red Star, is only a few tenths of that of Lenovo, less than 10 billion in scale. It looks like a lot, but now the profits of the PC business are really very thin. Your operation of acquiring Red Star is really disappointing.
can't read."
Andy frowned and thought for a while, then spread his hands: "This is the decision of the board of directors. I am only executing it. As for the company's strategic layout and the future direction of industrial development, it is beyond my control."
Obviously Andy also has doubts about this matter. Will acquiring a PC company belonging to Sunset Industry really be that helpful to Shengxuan's layout?
However, she was hired by Tan Zongming from Wall Street to take charge of this matter. The board of directors had already made a decision, so what else could be done.
Li Mu smiled and suggested: "I think you can have a chat with Lao Tan. Acquiring Red Star is really not a good move."
Andy shrugged and smiled helplessly: "I came here today to participate in the A-round financing of Yuidian Technology on behalf of Shengxuan. Lao Tan and I are very optimistic about the development of Yuidian Technology and hope to get started as soon as possible."
"You actually persuaded me to give up the acquisition of Red Star. Tell me, for what purpose?"
Li Mu spread his hands: "It seems that I can't hide anything from you. In fact, it's nothing. I just talked with you and felt that our CFO's abilities may be somewhat lacking. Can I recruit you?"
Andy was quite surprised: "Hey! Is it appropriate for you to poach someone so openly?"
Li Mu smiled and said: "What's inappropriate? Your acquisition of Red Star is really a bad move. Besides, the transaction scale is only two to three billion. It's really overkill to keep you busy for such a long time."
"Come here to be the chief financial officer of Yuandian Technology and preside over this A-round financing. The capital and funds involved are more complicated and definitely more challenging than the acquisition of Red Star."
Andy smiled: "As the chief financial officer of a company as big as Shengxuan Group, what reason do I have to give up and go to a start-up company?"
Li Muchao: "Because the Shengxuan Group is too big and has been established for a long time, it is not suitable for you?"
Andy asked curiously: "Why?"
Li Muchao: "It has been established for a long time, which means that the internal structure is complicated, and an intricate network of relationships has already been formed. Various interest representatives are complicated. Even if you are the chief financial officer, the power in your hands is not as great as imagined. If you want to make a
To solve the problem, reforms must be made, which will affect some vested interest groups, which is difficult to deal with."
"Even now, you are only responsible for the acquisition of Red Star and part of the company's IT business. It is really not easy to achieve results."
"Yuandian Technology is not the same. Not to mention seizing the track, the future potential is unlimited. I don't need to say more about this. On the other hand, blank paper is easy to draw on. The company has just been established, the internal relationship is simple, and everyone is united.
When you think about it, when you work hard in one place, you can achieve the best results."
“How can it be more fulfilling to guard an already successful company than to build a successful company yourself?”
"What do you think? Andy?"
After being fooled by Li Mu, Andy was really tempted. As the chief financial officer of Shengxuan Group, he naturally understood the real situation of the group. First of all, shareholders are very complicated. Lao Tan is only one of the shareholders. There are various kinds of things inside the company.
Spokesperson for power and shareholders.
Not to mention her, even Lao Tan has many worries when making a decision and must consider all aspects.
Just like the last time Andy was hacked online, her plan to give a report to the board of directors the next day was immediately stopped, and Lao Tan came in person instead. It was because some directors saw the news about her being hacked online and had opinions about it.
Lao Tan could only compromise.
This can also indirectly show that Lao Tan has a say within the company. This is true for Lao Tan, not to mention Andy.
Andy frowned and thought for a while: "Old Tan managed to lure me from Wall Street, and he won't let me go easily."
Li Mu said: "This is not necessarily true. Lao Tan is good to you. As long as you let him know that this matter is beneficial to you, he will consider it."
Andy said: "I am now Shengxuan's chief financial officer. I should not only consider my interests, but also Shengxuan's interests."
Li Muchao: "You come to me as the chief financial officer and preside over the A-round financing of Yuandian Technology. It is also a good thing for Shengxuan. It will be easier to get on board."
"Moreover, with Shengxuan's size, there is no shortage of excellent chief financial officers. Don't feel like I can't do without you! Your presence or absence does not make much difference to a large and stable group like Shengxuan."
Andy was not angry after being ridiculed by Li Mu. What Li Mu said was true. Her appointment as CFO was not approved by the board of directors smoothly.
The two chatted for a few more words, and finally Li Mu warned: "Go back and talk to Lao Tan. I'm really not optimistic about the Red Star acquisition."
"It's better to stop as soon as possible and come here to be the chief financial officer and preside over the A-round financing of Yuandian Technology. You will definitely be freer, happier and more accomplished than you are at Shengxuan."
Andy smiled helplessly: "I will consider it, thank you!"
After Andy left, Li Mu stood in front of the large floor-to-ceiling window, overlooking the city below him.
He just advised Andy to talk to Lao Tan and give up the acquisition of Red Star, which was not nonsense.
What era are we in now? In the era of mobile Internet, the PC computer industry has long become a sunset industry, and competition is fierce and profits have been compressed to the extreme.
Lenovo, the global leader in the PC industry, has annual sales of hundreds of billions, but a net profit of only a few billions, and a market value of only tens of billions, which is pitifully small.
As a company of the same type, the scale of Red Star is only a few tenths of that of Lenovo. The brand is not well-known in the country and belongs to the third and fourth tier brands. It also has no core technology. This is not the same as Red Star. Lenovo also has no core technology.
, which sources components globally, is affectionately called an assembly plant.
Such a second- and third-tier PC brand really doesn’t have much acquisition value.
Li Mu was very suspicious of why a company as big as Shengxuan Group with so many smart people would make such an insane choice.
However, after thinking for a while, he suddenly realized that the original book of this drama was published in 2010 and should have been written around 2009. After being adapted into a TV series, the timeline was changed to 15 or 16 years.
Then there will be no problem.
In 2009 and 2010, smartphones were still in the ascendant, and the world was still dominated by PCs. People used computers more to access the Internet. At that time, Lenovo was at its peak, and its influence was comparable to that of Huawei.
Putting the background of the era in 2009 and 2010, the PC business was indeed a hot industry at that time. Shengxuan's acquisition of Red Star was a very correct decision and there was nothing wrong with it.
It's just that the screenwriter changed the background of the era, but the content of the acquisition remained unchanged. As a result, the popular industry at that time has become a sunset industry five or six years later, and it feels strange that it is still being acquired here.
In addition, there are many things that are strange. For example, the BMW 3 Series driven by Wang Baichuan was really just a mobility scooter in Shanghai in 2015 or 16. It was too exaggerated to use it to show off one's face.
If we put the background in 2009, the BMW three series can really drive, and it can save face for ordinary people.
There is also the 100,000 yuan surgery fee for Fan Shengmei's father. In 2009, it was indeed a lot of money for ordinary people. In 15 or 16 years, was it as exaggerated as in the drama?
From this, Li Mucai concluded that as long as Andy and Lao Tan have a good talk, they will find that the acquisition of Red Star is really a bad move, and it has no significance other than helping the original shareholders take over the business.
…
A month later, Shengxuan Group held several consecutive board meetings and finally stopped the acquisition of Red Star. Andy, who was in charge of the case, was free for a while.
Li Mu seized the opportunity, chatted several times with Andy alone, and visited Tan Zongming again to express his attitude.
Lao Tan really cares about Andy, and probably feels that Andy is too restricted if she continues to stay at Shengxuan Group. Joining Yuandian Technology will give her greater freedom and room for development, and she can better utilize her intelligence.
In the end, he chose to let go and supported Andy to join Origin Technology, become the new chief financial officer, and preside over Origin's A-round financing.
Internet technology is booming these days, and Internet companies are also extremely popular on Wall Street. Origin Technology has shown sufficient potential. The founder, Li Mu, is also her good friend and neighbor. This is a rare opportunity and platform.
After careful consideration, Andy finally accepted Li Mu's invitation to serve as the chief financial officer of Origin Technology and preside over the A-round financing of Origin Technology.
Andy is indeed Andy. Andy in life and Andy at work are two different people. Only after taking over the work of Origin Technology did Li Mu see her genius and workaholic side.
In just a short period of time, the tacit understanding between several large investment institutions was directly broken, and they could no longer follow a unified pace, putting pressure on Origin Technology.
Working independently, valuations increased rapidly and financing negotiations began to accelerate, allowing Li Mu to see Andy's talent and wisdom in business.