On Saturday evening, the train arrived at Jingcheng South Railway Station, and the week-long Huangshan tour ended.

Jing Gao took a car to send Weiwei and her party to the door of Beijing Normal University. At this time, the school gate is a little silent during the summer vacation.

"Whew..."The long-legged teacher Li Na stretched her waist, showing a very beautiful curve, looking at the campus in the sunset, "It's finally back." ”

Tan Yingying smiled: "Hey, pay attention to the impact." "She also has a big bag in her hand.

Jing Gao registered at the school gate and helped Weiwei deliver her luggage downstairs to the dormitory. The shade of the trees was waving, and there was a gentle stroke of hair on her forehead in the bicycle shed, and she said softly: "Weiwei, goodbye." I'll pick you up the next morning. "Vivi plans to go back to her hometown on Monday for a few days. Jiaxin High School will open in early August and make up classes.

Li Mengwei gently hugged Jing Gao, buried her head in his arms for a few seconds, and then waved her hand and said, "Goodbye!" Carrying a backpack and dragging a suitcase, she walked up the steps and waved back to Jing Gao, who was watching her.

A feeling of reluctance suddenly rose in my heart.

The girls who entered and exited the dormitory building had already had a hellish look on their faces. Is this still the cold goddess of our school?

...

...

Jabbs works weekly on weekends and weekends. On Sunday morning, he came to the LeEco building early in the morning.

Unlike JD.com, which has an 8 a.m. executive breakfast + morning meeting, Jabbs started working when he arrived at the company. In the office, Liang Fu, who is in charge of LETV TV and mobile phones, Liu Hong, CEO of LETV, and He Yi, chairman of Yidao, are already waiting.

"Mr. Jia. ”

"Mr. Jia. ”

The three of them got up one after another to welcome the arrival of the king of the LeTV Empire. The first half of 2016 is the highlight time of LETV. The market value of the A-share market once reached 180 billion yuan. However, the prophet of Chunjiang Plumbing Duck, as executives of LeEco, has sensed that there seems to be something wrong with LeEco's empire.

LeTV's top management has reached a consensus: LeEco must now step on the brakes and stop. The ecological layout of LETV has been completed, and the rapid expansion must end.

Mr. Jia has already communicated with them and is preparing to hold a strategic review meeting for the first half of the year in August. Employees at the level of director and above are required to participate. We are going to unify this matter in the minds of all the people and reflect on it, and we are about to rectify it.

Jabbs made a downward gesture, "All sit, all sit." After walking to the desk, he picked up the warm tea that the assistant had made earlier and took a sip, "Lao Liang, is the supplier on the mobile phone dunning?"

Liang was originally an executive at Lenovo Group, responsible for Lenovo mobile phone development, and joined LeEco in 2012. Pushing his glasses, "Lao Jia, yes." Leshi Zhixin's loss is very serious. New money needs to come in. And, to stop expanding. ”

Jabbs didn't answer, but asked Chairman Yi Yi with a leap of thinking, "Old He, how much is Yi Dao's valuation?"

He Yi is the former vice president of LeTV Holdings, CEO of the Internet of Vehicles company, just arrived at Yidao in late June, he is very optimistic: "Lao Jia, Yidao is a very high-quality asset, the overall valuation is at least 1.3 billion US dollars." ”

Jabbs thought for a moment, put the cup down, and said, "I'll solve the funding problem." Last Friday, I met with a well-funded investor. However, he wants to buy all of Yidao's shares.

Zeng Qiang of Xingen Capital told me that he had called me two days ago. I made an appointment to meet again today. He was interested in reaching out to Uber. I came to you to discuss: Can I sell the mobile phone business? How about selling all the shares of Yidao to him?"

It is not a secret that Jiuge Capital spent more than 10 billion Hong Kong dollars to acquire the equity of Canglong Group in Beijing. Xi Siyan knows it all. Zeng Qiang naturally knew it.

Jabbs's understanding is that Jinggao has strong financial strength and has the ability to solve LeTV's financial dilemma. LeEco should seize the time window before the crisis occurs to negotiate and maximize investment.

Liang Yan thought for a while and said: "What can't be sold if the price is right?" LeTV mobile phones performed very well in the first half of this year, selling 1.62 million units in April alone, with a market share of 4.2%.

There is only one reason why it can grow against the trend and achieve such excellent results, LETV mobile phones are losing money and making money. The funding gap for LETV mobile phones is very large.

LeTV's mobile phone is made by Heshuo over there. Mobile phone manufacturing does not mean giving money when the goods arrive. It has a control over the capital chain. The better LeTV phones sell, the more they lose. The actual pressure on the capital chain.

As a simple example, LETV will not pay Pegatron in full for an order of 5 million units at first, and will only end the payment when it is delivered in batches. And LeTV's dealers take mobile phones from LeTV to sell them, and they don't pay the full amount.

There is a time lag in this, which is to occupy LeTV's own funds. The order is about large, and the more it is occupied. Therefore, many manufacturing companies do what they do and kill themselves. The reason is that the capital chain is broken.

He Yidao: "I don't recommend selling Yidao. "You can see how popular the concept of shared mobility is now. He took office only two weeks ago, and he is in power. How would it be advisable to sell?

While chatting, the assistant pushed open the door and came in, "Mr. Jia, Mr. Jing of the Phoenix Fund is here." ”

"Okay. You take him to the conference room for a while. I'll go right over. Jabbs instructed his assistant to stop the discussion with the executives, and said to Liu Hong: "Old Liu, you can accompany me to negotiate." ”

Liu Hong, as the CEO of LeTV, is a confidant who has followed Jabbs for many years, and said happily: "Okay." ”

He can understand Lao Jia's current pressure. 2 billion yuan will be thrown into the car building! Now each sub-ecology needs money. Even LeTV Sports, which only raised 8 billion in April, has shown a decline. The reason, of course, is that the funds are secretly diverted to other areas.

...

...

Jing Gao took Qiao Shuang and Guan Yujia to sit in the bright conference room and chat.

The information that Xingen Capital has revealed is that Jabbs intends to sell an asset to him or provide a new plan for sale, which can be talked about again.

Jabbs was still dressed in a black T-shirt and jeans, walked over and stretched out his hand, "Mr. Jing, I'm sorry to keep you waiting." I was having a meeting just now. ”

Jing Gao stood up and shook hands with Jabbs, and said with a smile: "I just arrived too." ”

Jabbs introduced Liu Hong sideways, walked to the other side of the conference table and sat down, greeted him with a few words, and said: "Mr. Jing, we didn't negotiate last time, do you think this will work? LeEco will sell 40% of the equity to you." But it would be necessary for the Phoenix Fund to grant the voting rights to LeEco for a period of five years. The price is negotiable. ”

Jing Gao didn't think about it, and directly rejected this plan, "Mr. Jia, I hope it is a holding and my own operation." I can't accept this plan. ”

Jabbs frowned, and he wrote a note to communicate with Liu Hong. Liu Hongdao: "Mr. Jing, have you considered acquiring LeTV Sports? We own the rights to the Premier League, NBA and other events. In April this year, LeTV Sports carried out Series B financing, with a valuation of 21.5 billion. ”

Qiao Shuang inhaled softly. The real acquisition of LeTV Sports is only afraid that it will cause a sensation immediately. And as the president of the Phoenix Fund, she will become the darling of the media. The press conference two days ago stimulated her a lot. None of the authoritative media came.

Jing Gao shook his head, "I don't dare to be interested in the Internet business at the moment. "He wants industry! One is high-tech, the other is labor-intensive, both of which can expand his influence. What is the use of buying LeTV Sports?

Jabbs made up his mind, "Mr. Jing, I'll take out the LeTV mobile phone list and sell it to you." But you need to sign an exclusive cooperation agreement for ten years. ”