The evening breeze was slowly over the Huangpu River.The Phoenix Fund, who was traveling at night, was in high spirits.At this time, Liu Qing, the president of Didi, was also calling her cousin Liu Zhen.

How can Didi not pay attention to Uber (China) doing such a big thing?And Liu Qing has this relationship, so naturally she wants to inquire.

Liu Qing was on the phone in her villa study, and after a few words of greeting, she asked: "Jen (Jen), your Uber (China) strategy is very strange. The Phoenix Fund is so strong, why not invest in shares? Instead, it’s a direct acquisition."

At the morning press conference, Qiao Shuang, president of Phoenix Fund, has disclosed the details of the acquisition.Phoenix Fund invested US$7.2 billion to acquire 80% of Uber China's shares and renamed the company Uber (China).

At the same time, the Phoenix Fund will also inject 1 billion US dollars to obtain a 1.47% stake in Uber.Mutual holdings.

Cross-shareholding is a common model in business.This is a manifestation of the willingness of both parties to cooperate strategically.

Liu Zhen said faintly: "Jean (Joan), since the Phoenix Fund has such strength and is optimistic about the travel field, it happens that Mr. Kalanick of Uber wants to withdraw from the Chinese market. Acquisition is normal.

In fact, there is a red line in the venture capital sector: any major shareholder should not hold more than 30% of the shares.Beyond this line, unless it is a particularly good unicorn, otherwise no venture capital will continue to invest money.

Because the most delicious piece of cake has been eaten.

Uber China has this shortcoming.Like Didi, after five or six rounds of financing, the largest shareholder Tencent's equity is just over 10%.And Uber China's controlling shareholder Uber holds up to 88.5% of the shares.

Therefore, Uber can only invest his own money to support his son.In addition, he is currently expanding globally, for example, it also faces competition from lyft in North America.So Kalanick retired after Apple invested in Didi.

Liu Qing smiled, "Jen, it seems that the market rumors are true. Your Uber (China) management knows nothing about the acquisition news!"

Liu Zhen said blankly: "Jean, if you call to tease me, then you can hang up."

Liu Qing laughed, "That's not enough. Uber (China) is Didi's biggest opponent at present. I do not respect you, but I do not respect myself. When will Phoenix Fund take over Uber (China)?"

Liu Zhen pondered for a few seconds and replied: "Tomorrow afternoon. Jean, I am looking forward to the start of the second match between us."

The good news media has long written in the news: Uber (China) and Didi's competition in the shared travel field is a pair of "genius sisters".

Both Liu Qing and Liu Zhen were selected in the list of 25 global geniuses released by the US "Wired" magazine in April.

Liu Qing laughed inwardly, and said: "Jen, if I were you, I would choose to resign. As the head of Uber (China) strategy without even knowing about the equity change, how can this lead the battle?

In addition, I don't think this is the beginning of our second contest.The Phoenix Fund may be well-funded.But the power of your shareholders is too weak.The subsidy war continues, and none of China's venture capitalists will agree.

Next, it is just anxious state, and then a new round of merger negotiations.We are now just getting as many bargaining chips as possible."

Although the outside world compares her with her cousin, she actually knows very well that her cousin can't be the master of Uber China's affairs.The regional managers within Uber China report directly to Kalanick.

Her cousin is only in charge of government and media public relations.From the outside, Liu Zhen is the spokesperson of Uber China.But everyone in the circle knows the inside story.Liu Zhen is a far cry from her position in Didi.

She deliberately raised her cousin to the same height as her, but it was only on the surface of politeness.

Liu Zhen suddenly smiled and said, "Jean, then I won't resign. Let's do that, goodbye."

After hanging up the phone, Liu Zhen walked to the balcony of her room and looked at the Huangpu River.According to her previous schedule, she is actually communicating with Uber headquarters and reporting to her work.Instead, I was free today.

Liu Qing's phone call, although a gun and a stick, did bury a thorn in her heart. Perhaps she should consider leaving.

First, she returned to the country for more than a year, and her uncle is a recognized godfather and leader of the Chinese business community. She still has an understanding of the energy of the shareholders behind Didi.If the Phoenix Fund only has more money, it will definitely not be able to withstand the pressure of merger.

If Ali’s jack horse and Tencent’s pony horse promote the merger together, how many technology companies in China can refuse?

The high probability is that none of them will be found.

Secondly, she was really unhappy in her heart.The pioneers of Uber relied on their ideals, missions, and cultures, not on shares.Then it is okay if the shares are not given, and the least respect is not given to them?

What's the point of staying?

But who knows what's going on with the Phoenix Fund's plan?It is normal for her to be emptied as a symbol of Uber China.Who doesn’t understand the meaning of co-CEOs?

In the morning of the next day, Jing Gao ate breakfast in the dining room in Room 3102 of the Baijinwan Mansion, flipping through the newspaper sent by Guan Yujia.

All are news about Phoenix Fund's acquisition of Uber (China).And what Xiao Qiao said, "9 billion dollars is just a small business."

The newspapers are naturally positive reports.The Phoenix Fund held a press conference yesterday and paid the "carriage fee".

"Eh, when did the two of you have a relationship like this?" Jing Gao put down the newspaper, and saw Yan Ting and Guan Yujia get together and chatted quietly, drinking soy milk, and asked amusedly.

Yan Ting smiled beautifully, her apricot eyes and her lips, "You don't understand women's friendship. I can talk to Guan Guan."

Guan Yujia said shyly: "Mr. Jing, when you went to the yacht to answer the phone yesterday, I talked a lot with Sister Yan." She only knew why Sister Yan would not follow Mr. Jing with such a good condition.

Mr. Jing was so angry that he was not ready to ask for it for tens of millions.Sister Yan mentioned it last night with sweetness and gratitude.

Jing Gao remembered the situation when he answered the phone last night.When the relationship between him and Weiwei was strong, she returned to her hometown for summer vacation.Talking about the night view of the Huangpu River on the phone, naturally the topic stretched out, and he agreed to pick her up at the station when she returned to Beijing.

Smiling and shook his head, Jing Gao was eating the soup dumplings, the soup dumplings of Modu are still very famous, with thin skin and thick soup.

While eating, Jing Gao's phone rang suddenly.Jing Gao answered the phone, and Ouyang Wan's charming voice came from inside, "Ms. Jing, morning."

"early."

Ouyang Wan is a capable person on the social field, rushing directly to the subject, "Ms. Jing, I just heard a news. Uber (China) executives have doubts about the Phoenix Fund and are not optimistic about your ability to fight Didi. Shareholders are powerful and ready to leave. When you go to take over the company in the afternoon, you have to make some preparations. People like Uber (China) can compete with Didi and many of them are talents."

She is in the magic city and sees clearly the competition between Uber (China) and Didi.Uber (China)'s employees and strategies are all in a smart and quick style, and it is not at all down to compete with Didi.The only difference is money.This is precisely the strength of the Phoenix Fund.

Jing Gao knew it, and said, "Ms. Ouyang, thank you."

As a Shenhao, he entered the business field not to make money, but to expand his influence.

To use the simplest analogy, suppose he wants to set up a villa in his hometown of Haizhou and experience the life of nature. Will he be able to get the land smoothly when he is a godless man?It must be done up and down.

So, if he is the boss of a well-known domestic enterprise, and he returns home to invest in tourism, will it be easy to get it done?

As a Shenhao, if you want to live and moisturize, social influence is indispensable.

Therefore, he hopes Uber (China) can be the first in the field of travel!