"Mr. Ma, I've got some errands to do with the bike sharing."
As soon as Jackma returned from his overseas inspection, he saw Pang Lei entering his office to admit his mistake.
"What's wrong? Baimo Bicycle doesn't agree with our investment?"
Jack Ma doesn’t pay too much attention to shared bicycles. This thing is nothing special and has a valuation of tens of billions of dollars.
With his small size, he couldn't make big waves. So, he left all these trivial matters to Pang Lei.
Pang Lei looked embarrassed and gritted her teeth and said, "Yes, they rejected our investment."
Jack Ma waved his hand and said: "If you refuse, just refuse, it won't be a big deal. Just find another support company."
In addition to Huimin Bicycle and Baimo Bicycle, isn't there also Xiaolan Bicycle, which is third in the industry?
You go talk to them, it shouldn't be difficult to get it."
Pang Lei was a little embarrassed, took a deep breath, and said: "Xiaolan Bicycle was acquired by Didi."
Jack Ma scratched his scalp, this was not going to be easy. Huimin belonged to the Zhang Yida family, and he and Ah Li had never dealt with each other. Baimo Bicycle also rejected Ah Li's good intention to become a shareholder.
As for Didi, although Ahri is an important shareholder, Chen Wei has always wanted to get rid of Ahri's control, and also introduced Penguin to balance Ahri's power.
He is also a rebel and not worthy of further training.
Seeing this, Pang Lei carefully reminded: "There is also Yonganxing, which ranks fourth in the industry. I think they can be targeted."
Worried that Jack Ma did not understand the current situation of shared bicycles, Pang Lei added:
"Yongan Group, the parent company of Yonganxing, was established in 2010. Its main business is "public bicycle system manufacturer and professional operation service provider."
Compared with ordinary shared bicycle startups, this company has profound bicycle manufacturing experience and operation management background.
Mainly, it entered the market late, lagging behind Huimin, and there are many leading players like Momo.
But they have been catching up, and their current market share has ranked fourth in the industry.
If they have the financial support from our Ahri family, I believe they can go faster and further."
Jackma frowned and asked: "But Huimin Bicycle has received US$1.5 billion in financing, and the number of bicycles on sale will soon reach several million.
Is there any hope that Yonganxing can catch up?"
Pang Lei nodded and said: "Yes, and the hope is great. The technical barriers to shared bicycle positions are not high, and the only thing that matters is funds.
With the support of our Ali, if we let Yong'an Bank acquire several bicycle companies, we will soon be able to catch up with our market share."
Jack Ma feels that Pang Lei is too idealistic. It is easier said than done.
Huimin Bicycle holds tens of billions of dollars in capital, which makes Jack Ma hesitate whether to fight with them in the shared bicycle industry.
Although Ahri can afford the money, she must also consider the ratio of investment to return.
Currently, Ali is working on multiple fronts, including entertainment, ride-hailing, cloud computing, and other fields, all of which require money.
A good knife must be used on the edge, otherwise no matter how deep Ahri's foundation is and how rich her heritage, the day will come when her resources will be exhausted.
After thinking about it, Jackma made up his mind and said to Pang Lei: "Well, you go and contact Yongan Bank, and we will invest one to two hundred million US dollars first.
If their business improves and they can quickly narrow the gap with Huimin Bicycle, we will increase investment."
Pang Lei thought about it and felt that Mr. Ma's words still made sense. In the shared bicycle industry, Huimin's advantages were too great. The sensible approach was to invest a small amount and continue to pay attention.
So Pang Lei said: "Okay, Mr. Ma, I will do as you say."
…
After hiding it for a while, the big news of Huimin Bicycle’s acquisition of Baimo Bicycle could no longer be hidden.
Because Fu Weiwei has disclosed the acquisition information to all employees and sent a letter to all employees.
"Thank you all for your companionship this year. In order to achieve better development, after discussion between the management and all shareholders, Baimo will merge with Huimin Bicycle in the next step..."
At this time, the employee base of Baimo Bicycle exploded.
"The company is going to be sold, but it still can't beat the capital! I still want to wait for the day when the company rings the bell!"
"Brother, didn't Mr. Fu say it in the email? Huimin Travel will accept company employees. The treatment will be the same as that of Huimin Travel employees, and there is still a chance to get stock options."
"Haha, you are still too young. How can you accept all of us? Departments with overlapping functions should basically be axed!"
"Then what should we do? Don't we have to find a new job?"
"What should we do? Of course we are protecting our rights! The human resources department is talking to each other one by one."
With such a big change happening to Baimo Bicycle, the media must have surrounded it like a shark seeing blood!
The merger is definitely real, but the media has not yet figured out the details of the merger.
But this did not affect their compilation of articles, and articles were published one after another.
"Big incident, the bike-sharing boss swallowed his dick"
"After raising tens of billions, Huimin Travel shows its fangs again"
"The youngest capital tycoon "Zhang Yida" makes extraordinary moves"
"The shared bicycle industry is about to change, and people-friendly bicycles are here to stay"
At the same time, Didi also announced the news of acquiring Xiaolan Bicycle and entering the shared bicycle industry.
What a blast!
Many media know that Didi is a shareholder of Huimin Travel, and now it has actually acquired another shared bicycle company.
There is big news, worth digging out.
"Will Didi's acquisition of Xiaolan pose a threat to Huimin Bicycle?"
"Bike sharing is becoming more and more popular, who will have the last laugh"
"Huimin Bicycle Shareholder Didi starts anew and takes you to uncover the grievances between Chen Wei and Zhang Yida"
Zhang Yida was also surprised when he saw news reports about Didi's acquisition of Xiaolan Bicycle.
But when I think about it, I feel relieved. Didi is only a small shareholder with little say in Huimin.
Didi is another company that focuses on the travel field and will definitely not give up sharing bicycles as an entrance to transportation traffic.
After figuring this out, Zhang Yida no longer cared about these trivial matters and began to think about receiving the bike.
Baimo Bicycle has hundreds of employees and 370,000 shared bicycles in dozens of first- and second-tier cities.
How to smoothly receive the inheritance from Baimo Bicycle? It’s still quite a headache.
The transaction was simple. 20% was paid in cash to all shareholders of Baimo, which is the first phase of the acquisition of US$36 million, and the remaining 80% was paid in multiple installments over several months.
In terms of equity, Huimin Travel’s valuation expanded to US$3.86 billion, and 4.66% of new shares were issued and distributed to the original shareholders of Baimo Bicycle.
Zhang Yida and the original shareholders of Huimin Travel have all seen their shareholdings drop slightly.
For example, Zhang Yida, compared to the B+ round of financing, his shareholding ratio in Huimin Travel Group has dropped from 38.85% to 37.04%.
These are all very easy to arrange, but the hard part is the Mobike employees.
What Zhang Yida promised to Fu Weiwei was that he was willing to accept most of the former Momo employees, but they had to go through the interview and assessment by Huimin Bicycle Company.
In fact, this is to find a platform for both parties. It will definitely not be able to accept too many people, and there will be too many overlapping positions.
Huimin Bicycle has a plan to build 5 million bicycles, and will also expand to fourth- and fifth-tier cities.
As the company expands, it will definitely need to recruit a lot of employees, so Zhang Yida asked the human resources department to temporarily stop recruiting and first accept and evaluate the people who worship Mobike.
This operation also maximizes the opportunity for the original employees of Baimo Bicycle to join the company and benefit the people without losing their jobs.
Zhang Yida also knows that it is not easy to work in a big city. Some employees have families to support, including seniors and young children.
Especially for middle-aged employees of some Internet companies, after being optimized, they may no longer be able to maintain their original decent middle-class lives.
This huge psychological gap may make some people unable to accept it and go astray...
Zhang Yida himself is not a particularly noble person, he just said that he should try his best to do what he can.
Huimin Travel Group arranged multiple groups of HR, and combined with the original HR team of Baimo Bicycle, conducted multiple rounds of assessments on all employees of Baimo Bicycle.
After the assessment, the Human Resources Director of Huimin Travel Group reported to Zhang Yidahui:
"Mr. Zhang, after our many rounds of interviews and assessments, only 148 of the 421 people from Mobike came for interviews passed."
"So few? Are the other people not good enough?" Zhang Yida asked with a frown. He said he would keep most people, but half of them didn't achieve it.
The human resources director shook his head and said: "Some people are not bad at it. It's just that we are in the same industry as Baimo Bicycle, and there are too many overlapping positions.
We can only select the best from the missing positions."
Zhang Yida nodded slightly. He also knew that it could not be said that everyone accepted it completely.
Taking in so many people, the workload is not saturated, and I am afraid that it will make Huimin Bicycle's already difficult financial situation even worse.
"In this case, you contact the human resources directors of Ruixiang, Pinduoduo, DouShi, Yimin Wangjin, Pate.com... and ask them to come and select some people!
Try to accept as many of these people as possible! We acquired Baimo, and we must also do a good job in dealing with the aftermath."
Zhang Yida thought of his other companies, which were all developing rapidly and the demand for employees was still quite large, which happened to help Huimin also bear part of the pressure.
…
The negotiations between Yonganxing and Ali went smoothly, mainly because the bike-sharing industry has undergone major changes, and Baimo and Xiaolan have embraced it.
If Yonganxing wants to survive, it must find a backer.
In this way, Ahli teamed up with Leech Financial Services to invest US$50 million in Yongan Bank Equity, taking 51% of the shares.
In addition, Ali provided a low-interest debt financing of US$50 million to Yongan Bank.
In fact, according to Pang Lei, she wanted to fully acquire the other party.
But the management of Yongan Bank disagreed, and it took a lot of effort to get into your arms. You must take me to play with you!
The management of Yongan Bank also has a good idea. How much money can it make by selling the shares in one go?
Relying on Ahli, I started building Yongan Bank. If I sell it in a few years, I can make even more money!
Therefore, Pang Lei did the next best thing and took control of Yongan Bank, and continued to hand over the daily management rights to the management of Yongan Bank.
Pang Lei also took a fancy to the other party's many years of experience in the industry, and planned to let them start the company and slowly clean it up in a few years.
The news that Ahli controlled Yongan Bank was quickly exposed.
People who eat melons are also dumbfounded. The shared bicycle industry has undergone tremendous changes recently!
It can be considered a milestone event!
Huimin acquired Baimo, Didi acquired Xiaolan, and Ali controlled Yongan Bank.
They are all big companies entering the market! They are all fat and oily. Do they want to provide some benefits to users?