The view of the very fashionable restaurant is very good, and the Huangpu River is mighty east in the autumn. In the window seat, Guo Lingyu looked at Jing Gao with burning eyes, waiting for his reply.

Jing Gao did not pretend to be profound, smiled faintly, and said, "Okay." I waited for Goldman Sachs' capital to come in. ”

Goldman Sachs and **** are the top investment banks in the United States. But times have changed! It is no longer the time for the big five US investment banks to be at the top of the global financial food chain before the 2008 financial crisis.

And, even if it were, he wouldn't be afraid!

In China, some people often quote the reports of Goldman Sachs and Xiaomo, how this matter should be. There are also reports from the three major rating agencies in the United States, how and how. Don't you know that they often sing the tune of China's collapse?

China's economic problems and business affairs, if you believe the Americans, you have water in your head, right? Anyway, he looks down on this kind of financial comprador very much.

Therefore, Liu Qing should not expect him to kneel down as soon as he hears the word "Goldman Sachs". What about Goldman Sachs? It's nothing more than controlling the U.S. stock market before it goes public! Who are you scaring about? When you put Didi listed on the NASDAQ in the U.S., believe it or not, I've already killed Didi in China?

Guo Lingyu's evaluation of Jing Gao is very high. After the last meeting in Shencheng, she realized that she had to maintain a good relationship with Jingdaka. At this time, I was trying to persuade Jing Gao, and the energy of Wall Street's financial capital is terrifying. But after thinking about it, he raised the goblet with a smile, "Mr. Jing, domineering!"

Jing Gao smiled, "Miss Guo, your ass is completely crooked." Raise your glass and touch it with her.

Guo Lingyu smiled lightly, with bright eyes and bright teeth, and a very charming smile, and said, "Mr. Jing, I was only entrusted by Jean to speak in a private capacity. This does not mean that I take Didi's position. I appreciate your reply. I think it's more appropriate for you to own Uber than you are to take a stake in Didi. ”

This is more honest.

Jing Gao nodded with a smile and said, "Miss Guo, you can help me bring a message to Mr. Liu." My original intention remains the same, and I am still willing to buy Didi. In addition, if any Didi shareholder wants to exit, I am willing to buy it at the price calculated by Didi's latest valuation of $33.5 billion in September. ”

"Giggles. Guo Lingyu smiled and said, "Mr. Jing, I will bring the words." However, you continue to compete with Jean! Moreover, Didi's investors should have signed an agreement and cannot sell their shares to Didi's competitors. ”

Jing Gao said: "So, let those shareholders of Didi push Didi to merge with Uber." "He has to think about the exit of Didi's state-owned capital.

Guo Lingyu propped his elbows on the dining table, looked at Jing Gao for a few seconds with a pair of wonderful eyes, and then smiled, sipped red wine, and said: "Mr. Jing, you are going to kill Didi!"

How could she not see well about Jing Gao's business strategy? The subsidy war continues, and $33.5 billion is likely to be Didi's highest valuation.

If Jinggao is willing to buy Didi at this price, many investors will be satisfied. There is no resentment or blame at all.

So, here comes the crux of the matter. Neither the management of Uber nor Didi is willing to relinquish control of their respective businesses. However, Uber is the Phoenix Fund, and Jing Gao alone has the final say. Didi, that's not Cheng Wei and Liu Qing have the final say. Capital has the final say.

Moreover, Uber currently has the advantage and can drag it out. The more it drags on, the lower the valuation.

Idaka smiled and took a sip of red wine. It's comfortable to talk to a smart person, and it's even more comfortable to talk to a smart and beautiful woman. Eyes swept over the collar of her pink shirt. This female murderer has a ravine.

"Hey..." Guo Lingyu reacted at this time, sat up straight with one hand on her neckline, glanced at Jing Gao with disgust, and then invited generously: "Mr. Jing, this meal is almost over." Let's go upstairs to the bar for some more drinks? ”

I think the view just now is very good. Jing Gao smiled in his heart and excused himself: "Miss Guo, let's do it another day." When we're done, I'll invite you to drink. ”

Obviously, Liu Qing asked Guo Lingyu to pass the word, which was the beginning of a series of confrontations and negotiations between Didi and Uber. Not a summary. His energy had to be used to get down to business, instead of letting his guard down now, drinking with Guo Lingyu and enjoying the river view, thinking about how to be a miner, open a tunnel and expand it.

Guo Lingyu's eyes moved slightly, and he smiled and said, "Okay." ”

...

...

At noon on the 24th, Liu Qing was also meeting with "friends". As the financial center of China, Didi also has many representatives or persons in charge of shareholders who live in the city.

The sun was shining on the terrace, and Liu Qing was wearing a shirt and trousers and eating French food with Shen Nanpeng of Hongbin (China) and Xie Ying, managing director of Alibaba Capital.

Alibaba Capital is Alibaba's strategic investment arm. There are 5 teams. 3 in China, 1 in the United States, and 1 in Southeast Asia. The size of the capital is more than 20 billion US dollars. The five teams report directly to Tsai.

Mr. Cai's name is known to anyone who is familiar with Alibaba's founding experience. This is the most important assistant of the jacking horse, which can be called the right-hand man.

Xie Ying, the director and general manager, is responsible for investment in the TMT field within Alibaba Capital. There are three more at the same level as him in China.

With Ali's current status in the domestic business community. To tell the truth, even if Shen Nanpeng is a business tycoon and Liu Qing is Mr. Liu's own daughter, it is impossible for Mr. Cai to fly from the United States to the magic capital to have a meal with them.

Shen Nanpeng groaned: "Mr. Liu, do you say that the well of the Phoenix Fund will accept your conditions?"

Liu Qing cut the steak elegantly and said, "From his personal pursuit, he is unlikely to agree." After all, he once bought Uber at a premium of $2 billion, which shows that he is very optimistic about the ride-hailing business. However, in terms of self-interest and practical situation, I think he should accept it. When necessary, Didi can give Phoenix a position on the board of directors. ”

She met and had dinner with Shen Nanpeng and Xie Ying today, and she also wanted her merger plan to be agreed by these two.

Shen Nanpeng nodded slightly.

Xie Ying praised: "Mr. Liu is so courageous! The subsidy war between Didi and Uber really can't go on, it's completely meaningless." Mr. Liu's condition is very sincere. Moderate concessions are okay. ”

He's an investor. The valuations of Internet companies are sometimes very inflated. Even investors and invested companies have gone out together to raise valuations.

Ms. Liu's plan looks like it will seriously damage the interests of Didi's shareholders. Come to think of it, Didi's valuation is $33.5 billion. and the $15 billion Uber merger. How much benefit do you have to give up?

Calculate this subtraction.

But it's not. How much would it cost for Didi to exchange the new shares for Uber's shares? How much would it cost to issue new shares? The number of shares of each Didi shareholder has not changed, but the proportion of shares has been diluted by 50%. However, as long as Didi's valuation continues to rise after the merger, the value of each shareholder's stake will not be lost to 50%.

So that's a balance. All investors must understand one truth: the pocket is safe. It's not about how much you value, and your shares will eventually be sold at that price. It's just thinking too much.

According to public information, Uber received a $3.5 billion financing from Saudi Arabia in June 2016, and Uber's valuation was as high as $68.1 billion. Therefore, the new Didi still has the potential to rise in valuation.

Liu Qing was able to use this method to "knock out" Uber, and this was a victory! This was a way to safeguard the interests of investors.

Liu Qing raised his glass and said with a smile: "Mr. Shen, Mr. Xie, thank you for your support." ”

"Cheers!" Shen Nanpeng and Xie Ying raised their glasses and drank together.

At this moment, Liu Qing's mobile phone rang, she looked at the number, it was Guo Lingyu calling, thought about it, answered the phone at the dining table, and asked confidently: "Lily, how are you chatting with Jing Gao?"

Of course, Guo Lingyu would not show her inner tendencies in front of Liu Qing, and she was entrusted with loyalty, and said with a slight emotion: "Jean, Jing Gao rejected your proposal. made it clear that if Didi wants to bring in Goldman Sachs' capital and go public in the United States, he will accompany him to the end. ”

Liu Qing's face suddenly became unsightly, and he pursed his lips and said, "So, he wants to fight Didi to the end?"

"Not really. Idaka wants me to convey his thoughts to you. He is still willing to buy Didi. He also said that any Didi shareholder who wants to exit at this time is willing to buy the shares at the price calculated by Didi at a valuation of $33.5 billion that Didi raised in September. ”

Liu Qing reacted instantly, and Jing Gao released the purpose of this "news". I couldn't help but gasp, "Hiss~". She's in big trouble.

Hanging up the phone, Liu Qing broke free from her anxiety slightly, looked at the two heads of Hongbin (China) and Ali Capital sitting in front of her, and couldn't help but smile bitterly, a little dizzy. What a slap in the face!

She also said just now that Jing Gao would definitely agree to her conditions from the perspective of interests, but Jing Gao not only refused, but also slapped her in the face.

Shen Nanpeng sat at the dining table and asked with concern, "Mr. Liu, are you okay?"

...

...

Lunch ends in a slightly silent atmosphere. With such a big news, it is impossible for Liu Qing to hide the two partners.

Again, the magic capital is the financial center of the country. The web of connections here is like a spider's web. Maybe Uber shareholders and Didi shareholders will eat at the same table. I can't hide it at all.

"Goodbye two!" Liu Qing shook hands with Shen Nanpeng and Xie Ying to say goodbye, came out of the French restaurant on the fifth floor, and called the assistant, and when she walked out of the mall, a Mercedes-Benz had stopped on the side of the road.

In the afternoon sun, Liu Qing, who was only wearing a shirt and taking off his coat, suddenly felt a little cool wind blowing between the high-rise buildings, "Autumn is coming!" sat in the car and ordered: "Go back to the hotel." ”

"Okay, Mr. Liu. ”

Liu Qing met with Guo Lingyu first to understand the content of her conversation with Jing Gao in detail. Then she returned to the Ritz-Carlton, Pudong, where she was staying, and pondered alone in her room for two hours, and at 6 p.m., she called Cheng Wei, the founder and CEO of Didi.

"Liu Qing, have you had dinner?"

In the luxurious five-star hotel suite, Liu Qing looked at the dazzling night view of the magic capital outside the window, which was not much worse than Manhattan, New York, listening to Cheng Wei's voice, a thousand thoughts came to her heart, and she didn't know how to answer for a while.

On the phone, Cheng Wei felt that something was wrong and asked, "Liu Qing, are you okay?"

Liu Qing's voice was a little hoarse, and she said in a depressed mood: "Mr. Cheng, we... 's career is coming to an end. ”

When she joined Didi, she couldn't imagine such a day. When Didi dominated the Chinese market, she could not have imagined such a day.

This entrepreneurial journey cannot be said to be a failure. After all, it can be sold for $33.5 billion. However, Didi has developed and grown little by little for her and her team. If she sells it, can she not feel distressed? However, if she doesn't sell it, will Didi still be able to hold on?

In the night, Liu Qing finally couldn't help crying.