When the media contacted Magnesium Group, they could only receive a reply of no comment.
After lengthy discussions, the top management of Magnesium Group once again made an offer to Mobike, this time with a warning tone.
If Chen Dongcheng hadn't intervened, they would have successfully won it with US$1.8 billion.
Li Bin is very confident, and now everyone knows that Magnesium Group is going to be listed in Hong Kong.
Wang Xing wants to tell a bigger and better story to investors, and travel cannot be avoided no matter what.
Qingju Technology is owned by Didi, but Dai Wei from Ofo refuses to sell it.
They, Mobai, have pinpointed Wang Xing’s Achilles’ heel and will not sell it for 2 billion U.S. dollars less!
Several consecutive negotiations failed, and the Magnesium Group fell into a quagmire.
The atmosphere in the conference room was very dull.
Wang Xing has a dull temperament and doesn't like to talk.
But when it comes to the future fate of the company, Wang Xing knows that only he can make this decision.
"purchase!"
Wang Xing closed his eyes and thought for a moment, then slowly opened his eyes and said.
The executives looked at each other, but they all knew that this was a last resort decision.
“It’s really cheap for those grandsons of Mobai!”
They couldn't help but have this idea in their hearts.
Anyone with a discerning eye can see that the shared bicycle market has become cold.
Didi is in urgent need and must monopolize its position in the travel field.
Ofo's Dai Wei is a stubborn donkey and has identified this industry.
Mobai is relatively smart and knows how to stop when things are good.
It is even rarer to encounter Magnesium Group, which is in urgent need of improving its performance and preparing financial reports to investors.
Wang Xing's eyes were cold, and it was obvious that Chen Dongcheng had completely angered him this time.
I spent an extra 200 million U.S. dollars for no reason, and it’s so frustrating to tell the truth.
He was sure that when the news spread, Zhang Xuhao and Chen Dongcheng would clasp their hands and laugh.
Magnesium Group made another offer, planning to acquire Mobike for US$2 billion.
The news spread and quickly swept the Internet.
"Magnesium Tuan is really rich, but isn't sharing a bicycle a fire pit?"
"Everyone is willing to fight while the other is willing to suffer. Why do we ordinary people worry so much?"
"The co-author of the Cao Cao Group became a gangster. I would like to ask Wang Xing how aggrieved he is?"
"I spent an extra 200 million US dollars for no reason. The most aggrieved person in 2017 is none other than Wang Xing!"
"How many billionaires will this transaction create?"
"Hu Weiwei is rich and holds 9% of the shares. Then isn't she a billionaire?"
"Son, read more books. Didn't you know that there is an investment clause called liquidation preference?"
"That is, after all the subsequent investors have distributed their shares, it will be good if the founders can receive tens of millions."
…
Chen Dongcheng happened to be browsing Douyin when he saw the latest news released by Mobike and officially accepted the offer from Magnesium Group, with a satisfied smile on his face.
Li Bin was very good at being a good person and called Chen Dongcheng to reveal the details of the magnesium group's quotation.
"Mr. Chen, Wang Xing has slightly changed this round of quotations. We will provide US$1.26 billion in cash, issue an additional US$540 million in shares, and bear an additional US$200 million of our debt."
Chen Dongcheng smiled and asked: "How did Mr. Li choose?"
"I will discuss with the investors behind me and let them take the shares of Magnesium Group. We want cash. This investment is quite profitable."
Li Bin didn't hide it. He was not sure about the listing of Magnesium Group, and Weilai needed money.
As the founder of Weilai, he must contribute money to express his position no matter what.
Chen Dongcheng smiled and congratulated: "Congratulations, Mr. Li, this investment is truly outstanding."
Li Bin replied modestly: "I don't dare. It was Mr. Chen who pioneered the industry, and we latecomers are just copying it."
The two exchanged business blows for a long time before hanging up the phone.
Li Bin intended to make friends with Chen Dongcheng and expand his network of contacts.
Just by looking at Weilai’s investor list, you can tell how deep Li Bin’s connections are.
Luo Yunqi, who was applying a facial mask in the living room, was made to laugh when she heard her man having an awkward conversation with the man on the phone.
"How embarrassing, are you all so thick-skinned?"
Chen Dongcheng walked to the edge of the sofa and sat down, putting his long legs on the coffee table and hugging Luo Yunqi, who was wearing pajamas.
"What does this mean? There are many people who are good brothers with you one second and immediately break up with you the next second."
"Jingle bell."
Chen Dongcheng glanced at the phone that was ringing again, and said with a smile: "Look, Brother Shalian is calling now."
Luo Yunqi looked at the caller curiously, it was Cheng Wei from Didi, and thoughtfully turned down the TV volume.
When the call was connected, Cheng Wei laughed loudly: "Dongcheng, you did a great job this time. Wang Xing's grandson will suffer a big loss this time. Let him compete with me for the trip cake."
"It's only 200 million US dollars, Magnesium Group can't afford to lose money.
But you have to be careful, I heard that Magnesium Tuan has obtained an online car-hailing license.
The first battlefield between you will probably start in Jianye."
"Damn it, let the grandson come here. I'll give him a subsidy of 100 million US dollars to see if he has the guts to continue playing with me."
Cheng Wei made a harsh remark, and then said with a mean smile: "We are not in a hurry to go public, and Magnesium Group cannot do that."
"It's true that with Liu Qing's financing capabilities, Didi will not be short of funds for a long time. I heard that you have plans to do food delivery?"
Cheng Wei said with a sneer: "How is it possible? It was just the suggestion from someone below that I wanted to give the magnesium lump some color, but I rejected it."
"It's okay if we do. Without our subsidies, the takeout market wouldn't be big enough."
Chen Dongcheng knew that Cheng Wei had some thoughts in this regard.
Didi has formed a monopoly in the ride-hailing market and has naturally begun to expand its business in other directions.
In Chen Dongcheng’s view, Didi cannot run a food delivery business.
The reason is very simple. Most of the riders on the market are divided up by three takeaway companies: Magnesium Tuan, Are You Hungry, and Cao Cao?
Delivery alone is a problem, and there are not many merchants willing to cooperate with Didi.
Especially for companies like McDonald's and Pizza Hut, whether Didi can provide them with sufficient order volume needs to be negotiated before cooperation.
Once they transfer their platforms, the current crackdowns on the three platforms will definitely follow.
Cheng Wei somewhat wanted to test Chen Dongcheng's tone and wanted to know more about Cao Cao's financial situation in food delivery.
If Didi is doing food delivery, it will definitely have no problem burning money.
Liu Qing’s financing capabilities can easily attract a large number of institutional investments.
Cheng Wei is mainly worried that Didi will get stuck in the quagmire of food delivery.
Seeing how fiercely cash-burning companies are, Didi's performance, which has finally improved somewhat, may be dragged down again.
Among other things, subsidies in the takeout market are becoming more and more intense.
The monthly subsidy has been increased to 300 million yuan.
What is this concept?
This is equivalent to burning 500-600 million US dollars a year!
Looking at the posture of several companies, no one has the intention to surrender, and they are all throwing money into it desperately.
In addition, the travel port is too easy to enter, and even Magnesium Group dares to challenge their status. It is possible that Chen Dongcheng will not play a big role.
Are you hungry? The right to speak has begun to shift.
Ahri is getting stronger and stronger, which is equivalent to Ahli burning money to fight this subsidy war.
Magnesium Tuan is burning a lot of money, but it can’t bear it any longer. It plans to go public next year.
Only the Cao Cao Group acted calmly and injected capital into it one by one without showing any intention of being soft-hearted.
Luo Yunqi waited for Chen Dongcheng to finish the call before asking in a low voice: "Is that Cheng Wei trying to steal business from you?"
"He is testing me to see if I have enough money."
Chen Dongcheng hugged Luo Yunqi and said with a smile: "If I had hesitated just now, Didi would have started trial operation of the takeout business immediately."
"Aren't you tired from fighting each other all day long?"
Luo Yunqi stretched out her white fingers and gently rubbed Chen Dongcheng's brow, her tone particularly distressed.
Chen Dongcheng closed his eyes and enjoyed it, and said with a smile: "That is a man's battlefield. I like to fight with strong opponents."
Look at Chen Dongcheng’s current enemies, Wang Xing who was reborn from the ashes after nine defeats, the behemoth Ahri, and Jingdong’s Liu Mianbai.
No matter which one, it is an existence that ordinary entrepreneurs are intimidated by.
Under Chen Dongcheng's leadership, the Cao Cao Group is transforming little by little, and is beginning to gain the confidence to challenge giants.
"Okay, let's rest first. We have to go out tomorrow."
Chen Dongcheng smiled and picked up Luo Yunqi.
"Keep your voice down, my cousin is sleepy, don't disturb her."
Luo Yunqi hugged Chen Dongcheng's neck with both hands, her beautiful eyes were full of charm.
"I'll try my best."
…
Luo Yunfu prepared breakfast for two people in the morning.
She also discovered during this period that Luo Yunqi rarely got up in the morning to eat.
Just don't bring Luo Yunqi's share, otherwise it will be wasted.
After dinner, Chen Dongcheng drove Luo Yunfu to work in his Range Rover.
Familiar outfit, damn young woman's charm.
Chen Dongcheng deliberately averted his eyes all the way, feeling a little depressed inside.
Luo Yunqi is really generous. If she entrusts him with the task of picking up Luo Yunfu, she feels too reassured about him.
Luo Yunfu and Chen Dongcheng deliberately separated themselves for a few minutes and entered the company one after another.
"Director Chen, Mr. Zhang and Mr. Jin are already waiting for you in the conference room."
When the girl at the front desk saw Chen Dongcheng, she quickly stood up and smiled.
"good."
Chen Dongcheng went straight to the conference room. The originally lively conference room suddenly became silent.
A slightly fat middle-aged man stretched out his hand towards Chen Dongcheng and said in a particularly sincere tone: "Dr. Chen, thank you for giving me this opportunity to prove myself."
The middle-aged man is Zhang Tao, the former CEO of Dianping.
Today's Dianping no longer exists and has been almost completely digested by Magnesium Group.
"Sit down first and we'll talk slowly."
Chen Dongcheng smiled and shook hands with Zhang Tao, then sat down at the main seat.
Zhang Tao sat on his right side and Gan Jiawei sat on his left side.
“Let me tell you something, the head office has decided to merge Cao Cao Takeout into the newly established wholly-owned subsidiary Cao Cao Dianping.
Gan Jiawei will serve as the head of the food delivery business group and concurrently as the chief operating officer of Caocao Dianping, reporting directly to me.
Zhang Tao will serve as CEO of Cao Cao Dianping, and except for the food delivery business group, all other business departments will report to him."
The expressions of many people in the conference room suddenly changed.
They suddenly saw Zhang Tao today and felt that there must be something going on here.
But I never expected that Zhang Tao would join Cao Cao Dianping and hold such an important position as CEO.
Many executives present here are sure that as soon as they leave the conference room, the establishment of Cao Cao Dianping will surely trigger a huge controversy in the outside world.