How did i become a god

Iqiyi has three headquarters in China, located in Beijing, Magic, Rongcheng. Among them, the headquarters of Jingcheng has changed in Zhongguancun, a 17-story building bought by Iqiyi Company.

The name is: Iqiyi innovation building.

The well is driven down today, and the bodyguards Chen Ai Yang and the big assistant have been waiting downstairs. There is also a dry high tube that loves the following.

A executive is very kneaded to take a machine's car key, "the well, I will help you park."

The well smiled and nodded him, and he was told with Guanyi, Chen Ai Yang greeted, "Guan Guan, Ai Yang."

"Well,"

"The well is always smiled, with the styles of moisture after the rain. End a few days ago back to the capital. Last night in the well in her villa. This will, turn on a white suit, step on high heels, dish, is a beautiful young woman.

The well is nodded, and Gong Yu shake hands, "Lao Gong, add trouble."

Gong Yu with glasses, this year is fifty years old, smiles: "The well, you are the holding shareholder of iQiyi, and the inspection work is our honor. General, please!"

The work in the Iqiyi Headquarters is in order. Gong Yu also did not engage in red carpet, and the employees gained this routine. He is not a person in the system, so it seems that it is not born.

Just call a group of executives to accompany them in each office area, and a general introduction to the well.

There is no speech in the well, and there is no applause. It is a simple look.

Compared to the few months ago, the high tanks of the Yiqiyi content production department seeing the Phoenix film and television, which will all be a face.

Have been surrounded by more than a dozen senior executives, and Gong Yu, said: "These executives are from the inside to recruit from the outside?"

Gong Yu smiled: "Half half."

The well is high, "I personally like to promote the executive from the inside. However, a company has a corporate culture. A industry has an organizational structure. Personnel, from your work point of work. I only watch work result."

Gong Yu's heart is tones, let go of your heart, said: "General, thank you."

After reading more than an hour in the building, all departments of iQiyi came to the luxury conference room in the 7th floor.

Wells's first high comfortable sitting room oval long table, listening to Gong Yu introduced the past few months iQIYI "reform."

The first thing to mention is the love of Fantastic Art of the board of directors, management personnel, corporate structure issues. Gong Yu accounts for only 1.8% of the shares, but as the founder, chairman still love Fantastic Art.

In fact, from a high angle wells, the first thing is to understand the equity market capitalization of the situation iQIYI. This is his as capital, as the big boss to see cut angle problems.

Time came in 2018 November 12, iQIYI after March listed stocks, equity distribution: the controlling shareholder of Phoenix Group represented 63.2% of the shares, Baidu accounted for 10%, Hillhouse Capital 7.7%, accounting for 6.4 millet % Hongbin capital accounted for 5%, the founding team of Gong Yu accounted for 1.8%, and the remaining number of founding patriarch together accounted for 1.6%.

Phoenix Group had just invested iQIYI, get a 10% stake, well high and Li Yan Hong good personal friend, has been in and talk to him about what the acquisition of iQIYI. In the first half when iQIYI market soon, Baidu can not sell him cheap. Eventually the two sides in July, an agreement that is love when more than three months after the listing of Fantastic Art.

July, iQIYI market value of US stocks highest was $ 7 billion. Baidu to sell 40% stake in the Phoenix Group at this price, a price of $ 2.8 billion. Phoenix Group's cash equity Uber + $ 600 million payment.

Meanwhile, the two sides also signed an agreement at that time, within two years, as long as iQIYI worth $ 14 billion, Baidu also need to sell a 20% stake in the Phoenix Group at this price.

In fact when in September, the highest market capitalization iQIYI have been shot up to $ 31.5 billion in market value. This share purchase agreement is executed.

Are fully transition "smart driving" Baidu also need large sums of cash to supplement their assets.

Of course, for now, Baidu is doing a sum of the loss of business. After all, when the sale of $ 14 billion in market value, but also far from the pinnacle of love Fantastic Art. But time into November, the market value of early iQIYI fell back to $ 18 billion.

Of which there are three reasons.

The first, in March, to seize the window of iQIYI market, Gong Yu to tell the story of the US capital market is "Chinese version of the Netflix." Think about it, Netflix's market value is how much? $ 177 billion in market value.

However, no matter how good the story speaks, there is no fundamental support, after all is vain. So it fell rapidly after iQIYI in market value shot up to $ 31.5 billion.

Second, because the Phoenix Group to increase its stake iQIYI, spending a lot of cash, and the expansion of Uber in the country has peaked. Share travel brought about by the cash flow is not sufficient to support the Phoenix Group continues to expand.

In fact, the Phoenix Group's shareholding in the core members of the company Uber is gradually decreased, as of today, the Phoenix Group ownership share has dropped to 17.8%. Uber market value of Hong Kong stocks also have high fall to $ 38 billion.

Holdings of shares in Hong Kong stocks on the cash, used to support other business Phoenix Group.

Well this time are high in the capital, in September, when her assistant Ann Amanda, the top students from the University of Pennsylvania, meter eighty height of great beauty fee Jiayi stay in the capital, he let's sort out fee Jiayi assets, this fee Jiayi work has been completed and the report submitted to him.

Uber changes in equity, he is seen watching the report. Currently fees Jiayi had to leave the capital city deep return back to Amanda aides.

Therefore, the Phoenix Group has sold some of the stocks in the open market of US stocks. This has an impact on the stock price of Aiqiyi.

Third, iQiyi is sharply cut business, and in the way of packaging, the original content production department, and e-commerce can bring cash flow, and sell them to the original shareholders with a suitable price. New company forming: Qiyi Super coal.

This new company will operate the original articai, web drama and other content related to Qiqi, and the website and software on the line are called "iQiyi TV". Currently, I have passed M & A to get a network video license.

However, the capital market in the United States has a comprehensive transformation of Aiqiyi, and the strategy of fully studying Nafei is not selling. The market value has been falling.

...

The market value of iQiyi has fallen. During this period, the Phoenix Group also sold some equity to obtain funds. This part of the funds will be provided to iQiyi in the form of debt to ensure that Iqiyi has cash to transform, and theater.

When the Phoenix Group is $ 2.8 billion in iQiyi, the Phoenix Group is $ 1.25 billion in prices, and 5% of the equity will be sold to Hong Bin Capital. Shen Yi Peng and the well have a collection, and this business is dominated by him.

When the Phoenix Group fell to $ 220 billion at iQiyi market, the Phoenixi market was sold in the open market, and the shares were sold for $ 396 million in funds.

At the same time, the changes in the shareholders also include early financial investors millet in reducing, but Zhang Lei, who is high, and Zhang Lei, choose to make Iqiyi. Therefore, the equity of both parties has changed.

As for other small shares in the stock market, buy, does not affect the members of the Iqiyi board.

Well high holding a mobile phone point to open my love Qiyi, while looking at the projector in the conference room, listening to Gong Yu PPT introduces Aiqi's board, management personnel architecture.

Iqiyi's board of directors, a total of six permanent director +3 Africa Directors. Some of these permanent directors are divided by the chairman of Gong Yu, Phoenix Group, Baidu, Gao Wei, Xiaomi, and Hong Bin's representatives.

The management's architecture is still an oldest, the model taken by the operation management committee. Through CEO, members of COO, CTO, CFO, etc., and then the president of each business sector.

The president set up a senior vice president, vice president. Director, senior deputy director, deputy director, senior manager, manager, and staff.

The corresponding positions are their respective procurements, and welfare, salary, bonus hook.

Introduction to the problem, Gong Yu said: "The well is always in accordance with your instructions, we love Qiyi's current two major events. First, prepare to retreat from US stocks, returning to Hong Kong stocks, we have filed an application to the US Securities Management Committee .

The second thing, our purchase mode changes, fully learn Nafei, currently under the production of orders, have passed by a batch of scripts, and the episode of the trial broadcast is also photographed. I am online. At present, we are mainly called a large-scale doubtful drama called "Nine Layer Qiji". "