The evening breeze on the Huangpu River is gentle. The Phoenix Fund at night was in high spirits. At this time, Liu Qing, the president of Didi, was also calling his cousin Liu Zhen.

Uber has made such a big deal, how can Didi not pay attention to it? And Liu Qing has this relationship, so naturally he wants to inquire.

Liu Qing was on the phone in the study of his villa, and after greeting politely, he asked, "Jen, your Uber strategy is very strange." The Phoenix Fund is so strong, why not invest in shares? Instead, it is a direct acquisition. ”

At the morning press conference, Qiao Shuang, president of Phoenix Fund, had disclosed the details of the acquisition. Phoenix paid $7.2 billion to acquire an 80% stake in Uber China and renamed the company Uber.

At the same time, Phoenix Fund will also inject $1 billion to acquire a 1.47% stake in Uber. Cross-shareholding.

Cross-shareholding is a common model in business. This is the embodiment of the willingness of the two sides to cooperate strategically.

Liu Zhen said lightly: "Jean, since Phoenix Fund has such strength and is optimistic about the travel field, and it just so happens that Mr. Kalanick of Uber wants to withdraw from the Chinese market, it is normal to acquire." ”

In fact, there is a red line in the field of venture capital: it is best for any major shareholder to hold more than 30% of the shares. Beyond this line, unless it is a particularly good unicorn, there will be no VC to continue to invest money.

Because, the most delicious piece of the cake has already been eaten.

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

Therefore, Uber can only invest its own money to support its son. In addition, he is currently expanding globally, for example, in North America, where he also faces competition from Lyft. So Kalanick had the idea of quitting after Apple invested in Didi.

Liu Qing smiled, "Jen, it seems that the market rumors are true." You Uber management don't know anything about the acquisition!"

Liu Zhen said expressionlessly: "Jean, if you call to taunt me, then you can hang up." ”

Liu Qing laughed, "That's not it." Uber is Didi's biggest rival at the moment. If I don't respect you, I disrespect myself. When will Phoenix Fund take over Uber?"

Liu Zhen pondered for a few seconds and replied, "Tomorrow afternoon." Jean, I'm looking forward to the start of the second fight between us. ”

The media of good things have long written in the news: the competition between Uber and Didi in the field of shared mobility is a competition of a pair of "genius sisters".

In the list of the world's top 25 talents released by the American "Wired" magazine in April, Liu Qing and Liu Zhen were both selected.

Liu Qing sneered in her heart and said, "Jen, if I were you, I would choose to resign." As the head of strategy at Uber, he doesn't even know about the change of ownership, so how can he lead the battle?

Also, I don't think this is the beginning of our second fight. The Phoenix Fund may be well funded. But the power of your shareholders is too weak. The subsidy war continues, and all venture capital in China will not agree.

Next, it was just a state of anxiety, and then a new round of merger talks. We're just getting as much bargaining leverage as we can now. ”

Although the outside world compares her with her cousin, she actually knows very well that her cousin can't make decisions about Uber's China affairs. Uber China's regional managers report directly to Kalanick.

Her cousin is only in charge of government and media PR. In the eyes of the outside world, Liu Zhen is the spokesperson of Uber China. But everyone in the circle knows the inside story. Liu Zhen is far from her status in Didi.

She deliberately lifted her cousin to the same height as her, but it was just a superficial politeness.

Liu Zhen suddenly smiled and said, "Jean, then I won't resign." That's it, goodbye. ”

Hanging up the phone, Liu Zhen walked to the balcony of her room and looked at the Huangpu River. According to her usual schedule, she is actually communicating with Uber's headquarters and reporting to work. Today is just free.

Liu Qing's phone, although it was loaded with a gun and a stick, did bury a thorn in her heart, and she might want to consider resigning.

First, she has been back to China for more than a year, and her uncle is the recognized godfather and unyielding leader of the Chinese business community, and she still understands the energy of Didi's shareholders behind her. If the Phoenix Fund only has a lot of money, it will definitely not be able to withstand the pressure of merger.

If Alibaba's jack and Tencent's ponie push for a merger together, how many tech companies across China can refuse?

There is a high probability that none of them will be found.

Second, she was really angry in her heart. These Uber pioneers rely on ideals, missions, and culture to come together, not on shares. So is it okay not to give shares, but not to give them at least respect?

What's the point of staying?

And the Phoenix Fund's plan, who knows what's going on? It's too normal for her to be overshadowed as an iconic figure in Uber China. Who doesn't understand the connotation of co-CEOs?

...

...

On the morning of the next day, Jing Gao ate breakfast in the dining room 3102 of the Platinum Bay Mansion, reading the newspaper delivered by Guan Yujia.

All of them are news about Phoenix Fund's acquisition of Uber. And the phrase that Little Joe said, "$9 billion is just a small business." ”

Naturally, the newspapers are full of positive stories. The Phoenix Fund held a press conference yesterday to give the "carriage fee".

"Eh, when did the relationship between the two of you become like this?" Jing Gao put down the newspaper, saw Yan Ting and Guan Yujia chatting quietly together, drank soy milk, and asked funny.

Yan Ting's elegant smile, apricot eyes and cherry 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. Only then did she know why Sister Yan would follow Mr. Jing without such a good condition.

Mr. Jing Chongguan was angry, and he was not ready to ask for tens of millions. Sister Yan was still full of sweetness and gratitude when she mentioned it last night.

Itaka remembered the time he answered the phone last night. When his relationship with Weiwei was strong, she returned to her hometown for the summer vacation. chatting about the night view of the Huangpu River on the phone, the topic naturally extended, and it was agreed that when she returned to Beijing, he would pick her up at the station.

Shaking his head with a smile, Jing Gao ate the soup dumplings, the soup dumplings in the magic capital are still very famous, the skin is thin and the soup is rich.

While eating, Idaka's phone rang suddenly. Jing Gao connected the phone, and Ouyang Wan's coquettish voice came from inside, "Mr. Jing, it's early." ”

"Early. ”

Ouyang Wan is a capable person in the social field, and she went straight to the topic, "Mr. Jing, I just heard a news. Uber executives are suspicious of the Phoenix Fund and are not optimistic that you can stand up to Didi's shareholder power and are ready to leave. When you go to the receiving company in the afternoon, you need to make some preparations. Uber people can compete with Didi without falling behind, and many of them are talents. ”

She is in the magic capital and has a clear view of the competition between Uber and Didi. Uber's employees and strategies are all small and agile style, and they are not lagging behind in competition with Didi. The only gap is money. And this is precisely the strength of the Phoenix Fund.

Jing Gao knew it in his heart and said, "Ms. Ouyang, thank you." ”

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

To use the simplest analogy, suppose he wants to build a mountain villa in his hometown of Haizhou and experience the life of nature, can he quietly be a god and can get the land smoothly?

So, if he is the boss of a well-known domestic enterprise and returns to his hometown to invest in tourism, is it very easy to get it?

When Shenhao wants to live a nourishing point, social influence is indispensable.

So, he hopes that Uber can be the first in the field of mobility!