The afternoon sun shines on the building complex of the Peace Hotel, a century-old hotel located in the Nanjing Road section. A quiet, leisurely atmosphere permeates the living room. The noise of the street outside was faintly heard.

Jing Gao left the elegant and bright Liu Sumei to sit for a while. After all, it almost ruined Liu Sumei's hard work and dedication for a period of time, and she was going to have a meal with her in the evening. He has dinner in the evening, but adding a Napoleon wrasse is not a big problem.

Idaka and his assistants were handling the work. Dong Youwei and Nie Yunxi reported to him in turn. Cheng Yu, who had just gone outside to make a phone call to arrange work, also came back.

A few years ago, Jing Gao and Guan Yujia chatted that the secretarial team sorted out a briefing every day, about an hour long, and he spent about an hour to two hours a day reading and processing work.

He's been a little busier lately. Because the biggest problem of Phoenix Group now is "big but not strong".

There are only three products that can be used: "Uber", "Phoenix Pay", and "Phoenix Fund".

The Phoenix Fund is the name he made in the field of domestic venture capital last year! Several top domestic venture capitalists have been ruthlessly repaired by him because of the snake and mouse ends in Uber's acquisition of Didi. At present, Phoenix Fund is almost at the same level as Alibaba Capital and Tencent Investment Department.

Phoenix Pay has developed as Uber has become a national ride-hailing giant. At that time, with Uber's huge subsidy discounts, it quickly surpassed the national team: UnionPay and became the third largest payment tool after Alipay and WeChat.

Given the poor relationship between Phoenix and Alibaba, there is no Alipay entrance in Uber rides. The payment interface is only WeChat Pay and Phoenix Pay.

Ali is in a lawsuit with Phoenix Financial. Not only reported to the regulatory authorities, but also shouted in the media, which is a monopolistic behavior, requiring to join Alipay's interface.

The opinion of Phoenix's legal department, Idaka has seen. It is estimated that Phoenix will have a hard time winning. Uber will eventually have to add Alipay to the payment side. But it is possible to give a window that is folded up. Added user steps. At the same time, it can countersue Ali and request access to Phoenix Pay in its e-commerce field.

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

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

At present, the biggest advantage of Phoenix Pay and Alipay is "subsidy" and rapid customer acquisition. The biggest disadvantage is that WeChat and Alipay have a first-mover advantage, and there are many application scenarios in the market.

Moreover, the core of WeChat Pay is social networking. The core of Alipay is e-commerce. Both of these have their own unique skills and moats. Phoenix Pay still needs to continue to work hard to build more payment scenarios.

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only has the above three "products", so even if Jing Gao's net worth is very high in external estimates, and he "killed" the president of Galaxy Group. But his status as a gangster still has moisture.

For example, the China Entrepreneur Club will definitely not invite Jing Gao to become vice president. Really juxtaposed him with Erma, Wang Jianlin, Liu Zong and others, this is a visible gap with the naked eye!

You must know that in the course of the market in China for so many years, how many of the richest people have fallen? If you want to become a business tycoon, you must have a solid foundation, or a basic market.

For example, Li Hejun, chairman of Hanergy Group, who once became the richest man in China in 2015, has done a very big job in photovoltaic power generation, and the company's net worth soared to 165.5 billion yuan as soon as it was listed. However, it was immediately investigated and punished for illegal transactions, and then became the "first loss".

Therefore, everyone has their own answer to what is used to measure paper wealth, asset valuation, cash flow, net worth, connections, and influence.

Mr. Idaka, who had just taken out the Galaxy Group in March, now found that he was at odds with Alibaba in several areas as he combed through the company's business.

For example, in the field of payments. This is not Jinggao's core area, but it is Ali's core area in addition to e-commerce.

Another example is in the field of express delivery. Yuanfang Express, which is under the name of Fangyuan Group, has currently annexed Ronghe Express, with an asset valuation of more than 30 billion yuan, and its business is expanding rapidly. It is basically in the first echelon of the express delivery industry.

Express delivery is one of the core businesses of the e-commerce industry. JD.com is self-built logistics. Ali integrated three links and one reach to form "rookie logistics".

Another example is competition on travel websites. Xia Shang Cultural Tourism is currently developing very well under the leadership of Shen Jinyuan. Its official website has been "encircled and suppressed" by Ali, and it is still alive, but the number of users is still increasing.

In terms of word-of-mouth, it is rapidly approaching the travel websites owned or invested by Alibaba.

Jing overestimated that if he didn't have absolute confidence - unlimited cards, competing in Ali and many business fields, it was estimated that it would be difficult to sleep peacefully at night.

As JD.com's Dong Ge said, Alibaba is the first in its industry and deserves anyone's respect. In 2017, Ali's reputation on the Internet was still very high. Boss Ma's nickname is still "Daddy Ma".

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Therefore, Jinggao currently urgently needs to start the chip manufacturing business. One is to create a "fist" product and a core moat for Phoenix Group. One is to make Phoenix Group stand more stable in the business game.

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

The crowd sat around a square table in the living room. Dong Youwei took a notebook and pen and reported: "Mr. Jing, the group's investment department has contacted Dr. Zhang Rujing, and he intends to accept our investment in Xinsheng Semiconductor, and is willing to invite him to build a factory in Jinling. ”

Cheng Yu sat on Jing Gao's right hand side and added, "I just talked to Dr. Zhang's assistant, Ms. Wang Yan, by phone, and we will have dinner at a restaurant in Zhangjiang tonight. Meet and talk. ”

Jing Gao nodded, "Hmm." Yes, you arrange the itinerary, as well as the docking with Jinling. ”

"Okay, Mr. Jing. ”

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

Nie Yunxi's beautiful eyes looked at the form of his Apple laptop, and said clearly: "Zuo Hao, vice president of the Phoenix Fund, asks to meet you." He wanted to repay the Phoenix Fund for missing out on investing in Pinduoduo. ”

Her voice is still so soft and melodious.

Jing Gao said sharply: "Cheng Yu, you can arrange it." ”

Under the structure of the Phoenix Group, the Phoenix Fund operates independently. It's the equivalent of a venture capital brand. There are 6 investment direction teams. Accept the leadership of the Investment Committee. When Jing Gao talked with Han Wenguang after the year, he allocated $10 billion to the Phoenix Fund, plus the Phoenix Fund's stake in Uber, and the financial strength is strong.

The Phoenix Group also has an investment department, which is mainly engaged in strategic investment, executing Jinggao's investment orders, and managing previous Jinggao investment projects. This department is in charge of Yin Qian.

Nie Yunxi chuckled, a beautiful and soft woman, and said, "Mr. Jing, I haven't finished reporting yet." Han Wenguang, the president of Phoenix Fund, also asked to meet with you, and he wants to report on the acquisition of Baidu Takeaway. In addition, Baidu's Mr. Li conveyed through the middleman Hongbin China's Shen Nanpeng that he wants to meet and talk to you. ”

The rest of the people sitting in the living room all understood what that meant. Management infighting at the Phoenix Fund.

Liu Sumei sat on the sofa, "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's going on?

Jing Gao also laughed angrily, "That's okay, go back and call them all to the magic capital." I confronted them face to face. Cheng Yu, you can arrange it. At the same time, prepare me a copy of Pinduoduo's materials. Mr. Li's meeting was slightly pushed back. I'll take care of the internal things first. ”