When Zhang Yida and Lu Qi walked out of the Capital International Airport side by side, reporters waiting here immediately surrounded them.
While chasing the marching team of Zhang Yida and others, he handed over the microphone and interviewed:
"Dr. Lu, have you joined Ruixiang Group?"
"Dr. Lu, you have been in charge of the artificial intelligence department when you were the vice president of Microsoft. Do you want to promote the implementation of the artificial intelligence industry in China this time when you return to China?"
"Dr. Lu, I heard that Mr. Zhang Yida personally went to the United States to invite you to come out. Have you agreed to his invitation?"
"Dr. Lu~Dr. Lu~"
Several of Zhang Yida's bodyguards opened their hands and blocked reporters to both sides of the team to avoid hitting their employer.
Looking at this battle, Zhang Yida was also speechless. These reporters must be too well-informed!
As soon as I went to the United States to invite Lu Qi to come out, these reporters came to the airport to surround me.
It’s not to blame that Zhang Yida didn’t do a good job keeping the secret, the main reason is that Lu Qi’s reputation is too big.
As soon as he resigned from Microsoft, all domestic technology companies were gearing up to recruit this great talent.
The headhunting company was quicker and had already set up camp next to Lu Qi's house.
As soon as Zhang Yida and Yuan Zheng visited Lu Qi's home, they were noticed by the people stationed at the camp.
Zhang Yida then stayed in the United States for a few more days, during which he met with Lu Qi many times.
Then this information was sent back to China, and well-informed reporters came to the airport to stop people, preparing to get first-hand news.
Looking at the reporters who had surrounded him and others, there were many passers-by watching the fun. The crowds were getting bigger and bigger, almost blocking the traffic.
Zhang Yida quickly greeted the reporters and said, "Dr. Lu Qi just got off the plane and is a little tired! He will not be interviewed today. You are welcome to attend the press conference in three days!"
"Mr. Zhang, what is the press conference? Can you tell us something about it?"
"Mr. Zhang, has Dr. Lu joined Ruixiang Group?"
"Mr. Zhang~Mr. Zhang~"
Seeing that Lu Qi was unwilling to be interviewed, the reporters turned their attention to Zhang Yida, who was talking to them.
Zhang Yida had no time to greet these reporters now, so the group got in the car and headed straight to the hotel.
After Lu Qi was settled, Zhang Yida arrived at DouShi Company and summoned Huimin Travel, Pinduoduo and other senior executives to prepare for a meeting together.
After Zhang Yida explained roughly what he meant, everyone had mixed reactions.
"Really want to establish a new group?" Sun Yutong was the first to ask.
"Yes, we must concentrate our efforts. At present, each company does not belong to each other, and business coordination is too poor."
Sun Yutong nodded, "Mr. Zhang, what you said makes sense. Only by concentrating our efforts can we accomplish great things!"
So, doesn’t this integration include financial technology companies from Ruixiang and Yimin?”
"Not included," Zhang Yida shook his head. "Considering the policy and the fact that financial companies are prone to transmitting risks, they cannot be merged into new groups."
"DouShi and Pinduoduo can form complementary businesses. If we, Huimin Travel, do not seem to have much complementarity and relevance with them."
Huang Xiaofeng felt a little uncomfortable with the sudden presence of multiple mothers-in-law in his head. Especially this mother-in-law could not bring any benefits to Huimin's trip.
"You're still reluctant!" Zhang Yida said with a smile, "According to the loss-making method of Huimin Travel, how long will it take to make a profit? Or rather, if we don't make a profit, we can survive by breaking even."
Huang Xiaofeng stopped talking. The total financing before and after Huimin’s trip amounted to US$3 billion, but he still had not taken off the loss-making hat.
In fact, Huimin Travel has also worked very hard. It has cooperated with Ruimin Financial Management in financial diversion, and engaged in collective taxi-hailing and ride-hailing. It has used many methods, but it has been unable to make a profit.
As for the reason? It’s very simple. It’s too heavy on assets.
For example, in a game company, with hundreds of programmers and some servers, they can create a game that attracts money, with a monthly revenue of hundreds of millions.
As for Huimin Travel, tens of millions of bicycles need depreciation and maintenance, and an offline dispatching and operation team of more than 20,000 people is needed to equip these bicycles.
"Stop talking! We integrated Huimin Travel just to pool resources and see if we can make Huimin Travel profitable."
Huang Xiaofeng asked again: "If we merge together, will we be able to make a profit?"
"How will you know if you don't try? You have to believe in the power of ecology."
"Hey, why hasn't Pate Holdings Group been integrated?" Huang Xiaofeng suddenly remembered this company.
“Although Pate Holding Group has Internet e-commerce business, it is actually a traditional company that also has manufacturing and hospitals.
They are just using the Internet to promote and attract customers, which can be regarded as a transformation case of offline companies embracing the Internet.
Its core is different from our new group."
"Mr. Zhang, whatever arrangements you make, we will do as we do. We don't have any objections."
Zhang Lan took a stand at this time and made a stand against the "power-loving" Huang Xiaofeng.
Zhang Yida glanced at Zhang Lan appreciatively and said, "Don't worry! The establishment of the new group will only make Douyin's development get better and better."
Among the three companies, DouShi and Pinduoduo have both expressed their stance, while Huimin Travel has not.
Huang Xiaofeng reacted quickly and said immediately: "We at Huimin Travel also agree to merge!"
"Okay," Zhang Yida nodded with satisfaction, "We must all work together to build the new group well.
I have set a goal for the new group, that is, the advertising business will exceed Qiandu, the e-commerce business will surpass Goudong, and the travel business will surpass Didi!"
Everyone was very excited when they heard it. This was clearly the "B" and "J" that wanted to surpass BATJ. If it really works, it will definitely be the third pole of China's Internet.
However, Qiandu, Goudong, and Didi are not easy to deal with. This "third pole" dream still has a long way to go.
"By the way, Dr. Lu Qi will be the CEO of the new group!"
After speaking, Zhang Yida observed everyone's reactions.
Sun Yutong acted very indifferently. He is an angel investor in Pinduoduo, and currently he is only serving as a consultant to advise Zhang Yida.
No matter who serves as the group CEO, it will have little influence on him.
Currently, Pinduoduo’s CEO is Zhang Yida, and Sun Yutong has repeatedly suggested that Zhang Yida hire a full-time CEO.
Zhang Yida wanted him to be the CEO of Pinduoduo, but Sun Yutong refused.
He wanted to prove his ability to Lao Ma, but he didn't want to be too high-profile, which made him feel very conflicted.
"I have no problem. Dr. Lu Qi can go from being an ordinary engineer at IBM to being the vice president of Yahoo and the vice president of Microsoft. There must be something special about him." Sun Yutong was the first to stand up and express his opinion.
"That's okay with me. Dr. Lu Qi has experience working in a large international company. His experience will help our internationalization go more smoothly."
Huang Xiaofeng is the only one left who has not expressed his opinion. He actually has some thoughts about the new group CEO.
He knew that although he was an entrepreneurial veteran, he was not as good as Lu Qi in terms of qualifications, reputation, and popularity.
Huang Xiaofeng said: "I have no problem with it. Huimin Travel will cooperate with Dr. Lu Qi in his work."
Zhang Yida said calmly: "Establishing a new group and integrating resources will involve many job changes and interest distribution.
I hope you can obey Lu Qi just like you obey me and don't do anything that would hold you back.
Although the combined valuation of the new group is nearly US$20 billion, we are far from the time to sit back and relax.
There are various giants standing in front of us, and there are many start-up companies eyeing us in the future.
Therefore, we must not relax!"
"Yes~"
Huang Xiaofeng and the others responded.
"What is the name of the new group?" Zhang Lan asked.
"How about Douhuipin Group?" Zhang Yida replied casually.
"It's too unpleasant. Mr. Zhang, can't you choose a nicer name?"
Zhang Yida looked at Zhang Lan and said with a smile: "What's wrong? The name is wrong? After the merger of Magnesium Group and Dianping, isn't it called "New Magnesium University"?"
Add 58.com to become 58.com; add Youku to Tudou, and it becomes Youku Tudou.”
"People are merging two companies, but we are three. The combined names are too long.
Three people become a crowd, work together and work together, let's call it "Zhonghe Group"."
Zhang Lan couldn't stand it any longer, so she helped Zhang Yida choose a name for the new group.
"Zhonghe Group~"
Sun Yutong chanted it several times, then said with a smile: "This name is okay, it's simple and easy to remember!"
Huang Xiaofeng also nodded, "I think it's okay too, it's better than "Dou Hui Pin" or "Hui Dou Pin" or "Pin Hui Dou"!"
"Okay then! Let's call it Zhonghe Group!"
Zhang Lan also showed a satisfied smile when she saw that Zhang Yida had adopted her suggestion.
"By the way, Mr. Zhang, Huimin Travel's Series B+ financing and betting agreement has expired. We need to re-divide the shares with the investors."
Huang Xiaofeng suddenly remembered something and quickly reminded him.
"Oh, this is the matter!"
Zhang Yida also thought of the gambling agreement at this time, so he said: OK, you can make an appointment with the investors and sort out this matter before establishing a new group."
…
The next day.
Huimin Travel Company.
Four B+ round investment institutions, including SoftBank, GIC, Warburg Pincus, and Silver Lake Capital, all attended the conference.
Huang Xiaofeng handed a report to each of the major venture capital representatives and said: "Dear investors, the one-year gambling agreement signed by Huimin Travel with you has expired.
This is the result of statistics from Jiguang Big Data and Analysys Data. Huimin Bicycle has a market share of 83.2% in the entire industry with 9.15 million shared bicycles;
Calculated in terms of daily riding orders, last month we accounted for 81.6% of the industry's market share with 41.1 million daily riding orders, and this share is still increasing.
According to the gambling agreement, as long as Huimin Bicycle reaches 80% of the market share or breaks even, the gambling will be deemed completed.
Now that all our indicators account for more than 80% of the industry share, the betting terms are now complete!"
Warburg Pincus representative Smith smiled and said: "Mr. Huang, from a rigorous perspective, the authenticity of this data needs to be tested by a third-party agency."
"This is natural. Our data are very accurate. You can test it however you want."
Huang Xiaofeng changed his voice and said, "However, we also need to hire a third-party agency to supervise each other."
"OK, I like to be straightforward the most, and going around in circles is the least interesting."
Smith is an American and is relatively naked when talking about business. Just as he is afraid of fraud by the management of Huimin Travel, Huang Xiaofeng is also afraid of investors buying third-party testing agencies.
After all, it involves an equity gambling reward of US$120 million. Profit comes first and it is not a good test of human nature.
"Okay! Then let's hurry up and complete this work!"
Huang Xiaofeng added: "In addition, Mr. Smith, please stay in the capital for two more days. Huimin is traveling to hold a general meeting of shareholders."
"Why? You have something else to announce?" Smith asked curiously.