Monica's explanation made Chu Yuanxi even more confused!

"Isn't this problem you said solved by recruiting market optimizers with mature overseas launch experience?" Chu Yuanxi was a little inexplicable, wasn't it a human problem after talking for a long time?" ""Sword and Expedition", "Placing Strange Soldiers", "Awakening of the Kingdoms", how did people succeed?"

"You're going to dig Lilith's ancestral grave......" Zhao Jiexin said that there are successful games for the dynasty to go to sea, don't you just stare at one family and say okay? Is this a crazy hint?

And Monica said more directly: "The effect of poaching people is not necessarily good, unless you copy a game, and then dig the overseas market optimizer of the target game." If you give half a year to run in, it's okay, but now it's more urgent, so Zhao Jie wants me to be responsible for advertising. ”

"Okay, put the ad well, the efficiency of the investment is the first, whoever is responsible can do it, I have no opinion. Chu Yuanxi said that he admired Zhao Jie a little, because he could have no opinion, but Zhao Jie couldn't, advertising involves a lot of money in and out, if "Wudao Dujun" can achieve a positive cycle of overseas buying, and earn more than it spends, then the overseas advertising fee should be hundreds of millions of yen on an annual basis.

It is very tempting to master this function. And Monica's team can do everything else, but the job of a marketing optimizer, that is, the advertising business, is not their strong point, and it also needs training.

But this is all a trivial matter, especially compared to the visit of the big boss of Ali's war investment department. Chu Yuanxi hurriedly ate some well-off hot meal, and immediately rushed back to wait for the big car to come.

At half past seven in the evening, Zhang and Chen arrived as scheduled, accompanied by Yuan Yu, and sat down as the guests, and Chu Yuanxi pulled Uncle Sheng as usual. Uncle Sheng is now the executive vice president of the Ba Ren Group, so the lineup of guests is relatively complete.

Without waiting for Chu Yuanxi to test his intentions, Zhang Yan went straight to the point: "That's the case Mr. Chu, our delivery is relatively smooth, and this second payment should be paid as agreed." Then we saw that you are relatively rich, and at the same time studied your two companies, and now we have some ideas. ”

Zhang Yan was changed to be in charge of post-investment services in the personnel adjustment of the war investment department after June, and her rank was half a block higher than the other two cadres of the war investment department, so Chen Junsheng, the counterparty who Chu Yuanxi was more familiar with, did not speak.

When Chu Yuanxi heard this, he said in his heart, "Is this like what a good person said? What do you mean by seeing that I am relatively rich? My money is all earned by hard work! But this is not the key, the key is what do you two do to invest in research and what my company does? This is the last thing that the old man wants to happen, Xiaokang is just a rookie, Ali, please don't target Xiaokang!

He hurriedly held it: "Hey, Mr. Zhang, you see that since the announcement of the transaction, outsiders have unanimously commented that Ali has bought value, it is worth the money, and it has boosted the stock price, so we are a win-win deal." ”

"I'm not satisfied with the transaction itself, we don't want to pay the bill, hahaha......"

"Sister Zhang means this. Chen Junsheng interjected, "Because we have changed generals, the Ministry of Integrity has begun to review and review the various projects of the War Investment Department, and the investment departments scattered in various business entities, such as Eleme, Cainiao, Fliggy, including Ali Pictures, etc., are all under the unified management of the Investment Department." ”

Zhang Yan also added: "Except for Ant Financial. ”

"Yes, except for Ant Financial. Chen Junsheng waved his fingers and counted them, "So now there are a lot of investment targets under the jurisdiction of the Ministry of War Investment, and then our boss Wu took a look and found that many of them are not very strategic and coordinated, and I hope to withdraw slowly." ”

"Boss Wu" is talking about Wu Wei, the CFO of Ali Group, if she didn't take over Boss Cai's class in June, then when Chu Yuanxi sold Baren Games, the negotiation opponent would probably not be Lao Fan, but Boss Cai.

Once a son of heaven and a courtier, there will definitely be relatively large changes after the handover of the top level of the entire business line, and Wu Wei is from an audit background and is more cautious. But Chu Yuanxi's understanding ends here, and I don't know anything more.

However, what they said should be true, because Ali has been withdrawing recently, and the movement is relatively big, and they even retreat from Guangguang Media! The 5 billion box office of "Nezha" can't stop Ali's determination to quit.

And Chu Yuanxi came up with a set of data in his mind, how many 70 large investment mergers and acquisitions Ali participated in last year, the amount was in $, and the capital contribution was close to 55 billion, and in the first 11 months of this year, there were less than 40, and the amount fell to 17.5 billion, if there was no close to 5 billion in Ba Ren Games, it would be even more miserable to the point of only 12.5 billion, compared with last year, it was two words, plummeting.

The acquisition of Baren Games is also Alibaba's largest investment this year, followed by $2 billion for Koala. In fact, the acquisition of Baren Entertainment is also one of the largest in the entire history of mergers and acquisitions of Alibaba, and the acquisition of Ele.me is only 9.5 billion $, which is last year's event, and it is still vivid.

Although the penguins have also declined, they are much more stable, with 92 major investments last year, with an amount of less than 36 billion dollars, and today it has decreased to more than 70, and the activity has surpassed Alibaba, but the amount is less than 16 billion, which is still slightly less.

When it comes to Chu Yuanxi's coffee position, especially if it is still a counterparty, these data must be familiar with it. It's just that the current market environment continues to deteriorate to the point where both AT and the two are drastically shrinking the scale of investment, which is quite embarrassing.

I only heard Zhang Yan say: "Then we know that Mr. Chu, you are making great plans here, right? So I don't take the liberty to ask, see if there is anything you need, and then we will trade and trade." After that, she took out a stack of materials from her bag, which was an investment target that Ali had plans to withdraw.

"Hiss......" Chu Yuanxi was very vigilant, because he had heard a lot of gossip, and just now I heard Chen Junsheng clearly say that many investment projects scattered in various business entities were included in the group's war investment department.

Then a very real problem appeared, he took Zhang Yan's information but didn't look at it first, and asked bluntly: "Sister Zhang, I want to know a more critical question, I believe that you must not have written in these materials in the second issue." It's these investments, have you been following up on post-investment services after you have invested?"

Zhang Yan and Chen Junsheng glanced at each other and felt quite bad. And Yuan Yuan has actually known these two bigwigs for a long time, but they have always been nodding friends, and I didn't think there was anything wrong with it, but Chu Yuanxi asked, huh, why did Chu Yuanxi pinch the accent on the word "follow-up"?

Chen Junsheng said in a deep voice: "Mr. Chu, what are you worried about, you can just say it?"

"Hey, I just heard some rumors that Ali's rotation system, sometimes, anyway, I don't know the actual situation as an outsider, but I heard that there is a certain phenomenon, after the investment is launched, the person in charge rotates, and the successor doesn't understand and can't manage it after taking office, so it is shelved. Chu Yuanxi was very tactful, and rarely went around in circles, but raised the stack of papers in his hand and said, "We will definitely study this information carefully, but I hope that there will not be the kind that has been shelved in it." ”

"That can't, absolutely not!" Chen Junsheng said categorically, "It's just that I want to withdraw from some investments that are not suitable for the business." ”

But even Yuan Yu felt a little lustful and inward-looking, and said in his heart that Ali's investment is all hematopoietic investment, how can it not fit? Ali's investment style, is there still anyone in the industry who doesn't know? The essence of the company's business determines the investment style, and the essence of Ali is business, so it must pay attention to the integration of upstream and downstream businesses. Generally, the investment department selects people to the invested companies as directors, but Ali sends business executives to the company, which shows the style.

However, although it is strong, Ali is also relatively strong in terms of resources, as long as it has signed a war investment agreement, even if it accounts for only 5% of the shares, the resources that should be given are the same. Therefore, although Ali's investment is mixed, "not fit" can be said to be a heart-wrenching word.

It's just that Chu Yuanxi wanted to pretend not to understand, and then quickly scanned the so-called information, sure enough, not only did it not have Weibo, Gaode, UC, RT-Mart and other parts that Chu Yuanxi was more interested in, but even the financial investment in Station B and the social platform Xiaohong did not appear.

Chu Yuan Xixin said that Station B and Xiaohong, one is suitable for big entertainment and the other is suitable for e-commerce, what kind of business does the investment in Weibo fit you? Is it suitable for the whip of capitalists?

However, Xiaopeng, which is very spicy, is on the list, and there are still a lot of shares, which makes it really difficult to exit. That is, Ali can have this kind of great wisdom and perseverance, Chu Yuanxi thinks that he is weak and has absolutely no waist.

There are also some achievements that belong to the race track, which can also be seen at a glance. The so-called track grabbing means that different investment teams do not have a definite boundary with each other, so they vote for different players in the same track at the same time.

This is very common in penguins, known as the "horse racing" mechanic, to see who can run. However, Ali rarely uses this internal incentive model, and this phenomenon can basically be attributed to the lack of post-investment services.

Chen Junsheng immediately said: "Mr. Chu, aren't you doing a well-off job? Look here, I feel good if there are many happy events." There are also Pengbao, which are very close to your business. ”

Yuan Yu rolled his eyes on the side, and said in his heart, did even outsiders already know that the Ba people were paying for the well-off?

"Well, we'll definitely look into it when we get back. Chu Yuanxi said in his heart when he spoke, isn't this a coincidence, when the well-off in the original world planned to go to the south, he also considered the possibility of mergers and many happy events, this convenience store chain originated in the magic capital, and its strength in East and South China is not bad, and then a little investigation can't be done, because this big brother is too fierce to open a franchise!

Therefore, don't think about it this time, Xiaokang has not reached the milestone of opening a franchise store, and it is impossible to merge and acquire now, and there are unsolvable technical problems in mergers and acquisitions. If the well-off must be forcibly merged, there is only one way, that is, two brands in parallel, each with a set of management systems, this kind of merger and acquisition has no meaning to the well-off, but is a burden.

As for the Pengbao vending machine, not to mention that the existence of this thing is particularly opposed to the convenience store, the key is what is the value of acquiring it?

Zhang Yan didn't seem to be interested in Chu Yuanxi at first glance, so what about these? She pointed to an entertainment company in the form and said: "Shenju Animation, do you want to see if the Ba people are interested? We have invested in a lot of pan-entertainment companies, and they entered relatively early, and the valuation is okay." ”

Chu Yuanxi had heard a little about this relatively large company, and subconsciously shook his head: "Ba people don't take the porter route when making comics, our model is small and beautiful, promoted in our own private domain traffic, and we must master all copyrights." The model of the god horse is the opposite of that of the Ba people, and we should not consider it. Anyway, do you sell the shares of Bright Star Culture?"

Bright Star Culture accepted Ali's war investment last year, and has produced ace variety shows such as "The Voice", "Dance Forest Conference", "Talent Show", etc., and is a subsidiary of Mi Guo Star Entertainment, which is very popular in China. Although the first variety show of Ba Ren Media has been completed, there are still a steady stream of plans behind it, and it is obviously excellent if you can take the equity of Bright Star Culture.

Zhang Yan was stunned for a moment, and then smiled awkwardly: "Mr. Chu, I won't tell you that Bright Star Culture is preparing for an IPO, and it will submit a prospectus in two days and go on the GEM." ”

Chu Yuanxi was embarrassed when he heard it.

Chen Junsheng immediately pursued: "Mr. Chu, Shenju Animation is really strong, and if you are worried about copyright issues, many of Shenju's products are copyrights that undertake big entertainment, which are all your own people, and you can talk about it." ”

Chu Yuanxi was a little moved after hearing this, but at this time he suddenly noticed that Uncle Sheng was giving him a look?

Chu Yuanxi was stunned for a moment, and then stretched out his hand to signal: "Uncle, what do you want to say?" ”

Although Uncle Sheng has already audited many meetings with the big guys, it is still relatively virtual to participate in person, so he paused for a moment, and then plucked up the courage and said: "We really can't take the gods, there is a big problem, the online literature under Dawen Entertainment is rapidly transforming." ”

Chu Yuanxi immediately understood the key word "transformation" as soon as he heard it, and immediately took a deep breath, "It will be difficult to dismantle the business, and it is really inappropriate." ”

Shenju Animation has good strength, a large volume, and does comic output for online articles under Dawen Entertainment, the business logic seems to be OK, and he has no attempt to deny others.

But what Uncle Sheng meant, Chu Yuan Xixin said that if there is nothing wrong with his understanding, that is, after taking over, not to mention whether the rights of copyright ownership and development are easy to talk about or not, and whether it is worth talking about, these issues will be put aside, then the source of copyright is the network of Dawen Entertainment, and it is not under the control of this party. In the rapid transformation of people, the upstream IP is suddenly unfinished, what is the matter?

So he directly hung up the topic and asked: "I see that in this form, some companies have only been invested for less than a year, do you want to withdraw?"

"Alas, the landlord's family has no surplus grain. ”

Chu Yuan Xixin said that there is no surplus food in Mao, and you are crazy about throwing money in India Do you think we don't know about it in China? So far, India has a total of 32 unicorns, 7 penguins have been caught, and Ali has caught 6, adding more than a third.

Don't look at Ali's less, but the next is a heavy bet, compared to the penguins generally cast their nets, of course, they catch more. For example, Paytm, India's second largest e-commerce platform, is valued at $16 billion, and Ali is the largest single shareholder.

Therefore, having money or not is just an excuse, and the key is whether the investment target is attractive.

Speaking of which, it's actually a bit cold, when the two bigwigs came, they thought they could at least push out an order, but when they asked, we went back and studied it carefully, so we couldn't talk about it. But when they got up to say goodbye, Chu Yuanxi earnestly pleased, saying that after the delivery of the Ba Ren game, what he was most worried about was that the brothers would not accept Ali's water and soil, such as job rotation, and the backbone of the Ba people would definitely not be able to withstand the job rotation.

"Hahahaha, look at what you said, what do you imagine us to be?" Although Zhang Yan didn't sell a single "goods", he still laughed heartily, "Ali is the most scientifically managed company in China, especially in the mergers and acquisitions of Baren Games, there are R&D personnel and middle and low-level management, there is no such character as Eleme Xiao Zhang, it must be the most scientific treatment, you put one hundred and twenty hearts." ”

And Chen Junsheng and Chu Yuanxi have been dealing with each other for a while, but they have always been in the role of tool people before, and they are only back to nature today, and there is no frustration when the sales are not successful.

So when Chu Yuanxi sent them away, he didn't shy away from Zhang Yan's presence and asked Chu Yuanxi: "Mr. Chu, I have a friend who just came back from the United States. I would have recommended him to join Alibaba, but he especially wanted to join a startup. I looked at it and found that it was still well-off, which was quite suitable for him. ”

"Oh, what kind of talent?"

He is a payment technologist, named Hao Yi, who has worked at FICO for ten years, and was the director of the product department before leaving, is good at modeling, and has a deep understanding of payment and financial credit. ”

Yuan Yu quickly glanced at Chu Yuanxi, the name FICO is not well-known in China, but it is the largest personal consumption credit company in the United States, and it is really No.1.

Chu Yuanxi understands the business better and is good at modeling, because Guo Jiangyong, the backbone of the well-off payment promoted by him, is not good at modeling. It's okay for him to do the functions of payment products, but if he wants to upgrade up the basic functions, it's not that he has no ability, but that he has no experience and no clue. In other words, I have never fought on the battlefield and lack vision.

Zhang Yan really reacted: "Hey Lao Chen, you're not right, this kind of talent has to be pulled to our own house." If you can become a director at FICO, you have to start with P8. ”

"I pulled, the strength of the eight cows was used, and people didn't come, they said they wanted startups, and they only considered the pre-B round. Chen Junsheng couldn't laugh or cry, "Domestic start-ups do payment, where can I find him? Isn't this trying to sell to Mr. Chu? After a little research, I found that Mr. Chu just had ideas in the field of payment, and Xiaokang mentioned mobile payment in several roadshows, and now it's only round A, perfect!"

"Okay, this. "Chu Yuanxi really wants to call my brother, and I said in my heart that you are my own brother!" "Mr. Chen, are you not afraid to recommend a cadre to me and then be well-off in the field of mobile payment, then I basically want this person!"

"Hahahaha, you get the mobile payment license first, you ......"