How did i become a god

Chapter 457 - The Core Foundation

The afternoon sun shines on the complex of the century-old Peace Hotel in Nanjing Road. A silent, relaxing atmosphere spreads through the living room. The noise of the street outside was faintly heard.

Jing Gao left the elegant and bright Liu Sumei behind for a moment. After all the hard work and dedication that had almost ruined Liu Sumei for some time, he was ready to have dinner with her tonight. He had a dinner party in the evening, but the addition of one Su Mei was not a big problem.

Jing Gao and his assistants dealt with the work first. Dong Youwei and Nie Yunxi were reporting to him in turn. Cheng Yu, who had just gone outside to make a phone call to set up the work, also returned.

A year ago, Jing Gao talked to Guan Yujia, the secretarial team put together a daily briefing, which was about an hour long, and he had to spend about an hour to two hours a day to read and process the work.

Lately his work has been a little busier again. Because the biggest problem with the Phoenix Group right now is that it is "too big to fail".

The only products that can be used are "Uber", "Phoenix Pay" and "Phoenix Fund".

The Phoenix Fund is the reputation he made in the domestic venture capital field last year. Several top Chinese venture capitalists have been severely beaten by him for their role in the Uber acquisition of Didi Chuxing. The Phoenix Fund is now almost at the same level as Ali Capital and Tencent's investment department.

Phoenix Payments grew out of Youbou's emergence as the national online car giant. At that time, with the huge subsidies offered by YouBu, it quickly overtook the national team: UnionPay, and became the third largest payment tool after Alipay and WeChat.

Given the poor relationship between Phoenix and Ali, there was no Alipay entrance in the UBB taxi. The only payment interfaces are WeChat Pay and Phoenix Pay.

Ali is in a lawsuit with Phoenix Financial Services. Not only did they report it to the regulator, but they also shouted in the media that it was a monopoly and asked to join the Alipay interface.

Phoenix's legal department's opinion, well high has seen. It is predicted that Phoenix will be hard to win. Ultimately, YouBu will have to add Alipay to the payment side. But you can give a folded up window. Add steps for users to use. At the same time, you can countersuit Ali and demand access to Phoenix Pay in its e-commerce area.

Phoenix Pay and Alipay currently have a very high degree of overlap and competition is fierce. Phoenix Pay is actively providing various city services, money fund services, and fund purchase services.

Of course, in this business area, there is competition with WeChat, Alipay and other payment companies.

The biggest advantage that Phoenix Pay is currently competing with Alipay is the "subsidy" and fast customer acquisition. The biggest disadvantage is that WeChat and Alipay have the first mover advantage and many application scenarios in the market.

Also, the core of WeChat Pay is social. The core of Alipay is e-commerce. Both of them have their own best skills and moats. Phoenix Pay needs to continue its efforts to build more payment scenarios.

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Only three of the above "products" are available, so even though Wells' wealth is very high by outside estimates, and he "killed" the CEO of Galaxy Group, Ren, his status as a jianghu bigwig is still in question. However, his status as a jianghu bigwig still has some water in it.

For example, the China Entrepreneurs Club would never invite Jing Gao to become vice president. He is really ranked alongside Erma, Wang Jianlin, Liu, etc., which is a gap that can be felt with the naked eye!

Do you know how many of the richest people in China have fallen in the course of the market over the years? To be a business tycoon, you need a solid foundation, or basic plate.

For example, Li Hejun, the chairman of Hanergy Group, who was once the richest man in China in 2015, made a big splash with his photovoltaic business, soaring to 165.5 billion when the company went public. But then it was investigated for illegal transactions, and then became "first negative".

So, paper wealth, asset valuation, cash flow, net worth, connections, influence, these things, in the end, what to measure, everyone has their own answer in mind.

Jing Gao, who just killed Galaxy Group in March, is now finding that he and Alibaba are in conflict in several areas as he combs through the Phoenix Group's business.

For example, the payment area. This is not Jing Gao's core area, but it is Ali's core area, except for e-commerce.

Another example is in the field of express delivery. The Yuan Group's Yuanfang Express is now annexed by Ronghe Express, with assets valued at more than 30 billion yuan, and business expansion has been rapid. The basic has been in the express industry in the first echelon.

The express delivery is one of the core businesses of the e-commerce industry. Jingdong is self-built logistics. Ali integrated Three Links and Yida to form "Ridao Logistics".

Another example is the competition on tourism websites. Xia Shang Wenluo is currently developing very well under Shen Jinyuan's leadership. The official website is still alive after Ali's "siege", and the number of users has increased.

In terms of word of mouth, it is rapidly approaching the travel sites under Ali's umbrella or investment.

Jing Gao reckons that if he didn't have an absolute bottom line - an unlimited card - to compete with Ali and many other business sectors, he would have trouble sleeping at night.

As Jingdong's brother Dong said, Alibaba deserves anyone's respect for being number one in its industry. In 2017, Ali's reputation on the Internet is still very high. Boss Ma is still nicknamed "Papa Ma".

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Therefore, it is urgent to get the chip manufacturing business up and running. One is to create a "fist" product, the core moat for Phoenix Group. The other is for the Phoenix Group to stand more stable in the business game.

He's been spending a lot of time at work lately. Almost, like, four hours a day. Like right now.

Everyone is sitting around a square table in the living room. Dong Youwei, holding a notebook and pen, reported, "Mr. Jing, the investment department of the group has contacted Dr. Zhang Rujing, who is interested in accepting our investment in Sunrise Semiconductor and is willing to invite us to build a factory in Jinling."

Cheng Yu, sitting on Jing Gao's right hand side, added: "I just had a phone conversation with Dr. Zhang's assistant, Ms. Wang Yan, and we will meet at a restaurant in Zhangjiang for dinner tonight. Let's meet for more details."

Jing Gao nodded, "Yes. Youwei, you arrange the itinerary, as well as the connection with Jinling."

"Okay, Mr. Jing."

After a few more questions, Jing Gao looked across the table at the beautiful and elegant thirty-two-year-old woman, Nie Yunxi, and said warmly, "Professor Nie, what else is going on on your side?"

Nie Yunxi's beautiful watery eyes looked at the form on her Apple laptop and said in a clear voice: "Zuo Hao, the vice president of Phoenix Fund, requested a meeting with you. He wants to repay the Phoenix Fund for its mistake in investing in Sparto."

Her voice is still so soft and pleasant to the ear.

Jing Gaoli said, "Cheng Yu, you arrange it."

Under the structure of the Phoenix Group, the Phoenix Fund is independently operated. It is equivalent to a venture capital brand. There are six investment direction teams underneath. It is headed by an investment committee. When Ieng Gao talked to Han Wenguang years later, the $10 billion allocated to the Phoenix Fund, together with the Phoenix Fund's shares in UB, is a strong capital.

There is also an investment department within the Phoenix Group, which is responsible for making strategic investments, implementing Jing Gao's investment orders, and managing projects that Jing Gao had previously invested in. Yin Jian is in charge of this department.

I'm not sure if I've finished my report, but I'm not sure if I've finished it yet. Han Wenguang, the CEO of Phoenix Fund, also requested a meeting with you to report on the acquisition of Baidu's takeout. In addition, Baidu's CEO Li conveyed through the middleman Shen Nanpeng of Red Bin China that he would like to meet with you for a chat."

The rest of the people sitting in the living room all understood what this meant. The management of Phoenix Fund is fighting within.

Liu Su Mei sat in the sofa and said, "Oh," and couldn't help but hold her forehead. She has been in the workplace for a long time, where does she not know what is going on?

Jing Gao also laughed angrily, "All right, let's call them all back to Mordor. I'll have them confront me face to face. Cheng Yu, you make the arrangements. At the same time, give me a copy of the information on Sparto. The meeting with Li will be postponed slightly. I'll take care of the internal matters first."