Capital.

Didi headquarters.

The conference room was solemn, investors and executives sat together, and this was Didi's first board meeting this year.

Cheng Wei nodded to everyone: "Everyone, the main purpose of this board meeting is to report on the merger of Didi and Kuaidi. ”

Chen Dongcheng received a text message from Cheng Wei before he came, and he was not surprised that Didi and Kuaidai would come to this step of merger, which was planned from the beginning.

The snipe and the clam compete, and the fisherman profits.

There is still Uber eyeing it outside, and if it continues to consume internally, it can only let Uber pick peaches.

"In the current domestic taxi software market, Didi Dache and Kuaidi Taxi occupy a leading position with 56.5% and 43.3% respectively.

After our merger with Kuaidi, the new company will account for more than 90% of the domestic taxi software market share.

It is worth mentioning that we received a 55% equity replacement ratio of the new company after the merger.

As well as the dominance of the new company after the merger, the senior management team of the fast side will cash out one after another. ”

All the investors applauded with smiles on their faces, and they were very satisfied with the result.

Cheng Wei calmly accepted the applause of investors.

During this time, he and Liu Qing worked hard, constantly grinding and soaking, and finally persuaded the fast party to agree to the merger.

Only he knows the hardships in this.

"The combined company will be valued at $6 billion, which is of course the most conservative of all.

As far as I know, there are already US hedge funds starting to make offers, and valuations will certainly be higher. ”

As soon as Cheng Wei told the news, the investors showed a satisfied smile on their faces.

The higher the valuation of the combined company, the more valuable their equity holdings will be, and it is certainly worth rejoicing.

Cheng Wei waited for the applause to stop and concluded: "Although Baidu has a stake in Uber, in the domestic market, Uber can't win us. ”

After the meeting, Cheng Wei specially held a celebration banquet and invited many elite bigwigs from the media and capital circles.

The news of the merger of Didi and Kuaidi was officially announced at the same time.

Both Cheng Wei and Kuai's CEO, Lu Chuanwei, sent an internal email to inform employees of the merger of the two companies.

Ostensibly, Lu Chuanwei and Cheng Wei served as co-CEOs of the merged company at the same time.

But just by virtue of the fact that the president of the merged company is Liu Qing, everyone knows that Didi has won.

Investors on the fast side are also willing to cash out as soon as possible.

If this continues, many VCs with shallow pockets can no longer hold on.

Cheng Wei became the core of the reception, and many investors gathered around Cheng Wei to inquire about Didi's next round of financing.

After three rounds of drinking, Cheng Wei finally got out of the pursuit of a group of enthusiastic investors.

ran to Chen Dongcheng and picked a few pieces of dim sum to eat.

"Why didn't you come over to say hello?"

Chen Dongcheng shook his head with a smile: "You need to invest, I don't need it for the time being." ”

"Damn, don't be too arrogant. ”

Cheng Wei scolded with a smile and said a little proudly: "After the merger between us and Kuaidi, although your equity has shrunk, it has become more valuable." ”

Chen Dongcheng smiled and raised his glass: "Thank you." ”

Before Didi's D round of financing, Chen Dongcheng did not follow, and his equity was diluted to 8%.

After the merger of the two companies, Didi received 55% of the equity distribution, and Chen Dongcheng held 4.4% of the combined company's equity.

Cheng Wei ate a few pieces of snacks, and finally had something in his stomach, and asked Chen Dongcheng: "American hedge fund Coatue Management, have you heard of it?"

"I've heard of it, it's famous in the United States. ”

Cheng Wei looked left and right, and whispered: "A consortium of this fund has offered a valuation of $8.75 billion to the senior management team over there, and plans to unite with several other fund institutions to eat the $600 million in stocks in their hands." ”

Chen Dongcheng only knows that Didi's stocks are very valuable, but how to value the money, this time he understands it.

If this valuation is followed, Chen Dongcheng has made a lot of money, with a return on investment of 640%.

Cheng Wei smiled and said, "How is it, do you want to thank my brother now?"

Chen Dongcheng deliberately teased him: "No problem, how many models shall I arrange for you?"

Cheng Wei hurriedly waved his hand and said with a sneer: "That's free, let your sister-in-law know, you can't tear me up when you go back." ”

"Mr. Cheng, who is this?"

While chatting, a middle-aged man came over to talk.

Cheng Wei smiled and pulled the other party to introduce: "Mr. Lu, this is one of our Didi investors, Chen Dongcheng." ”

"Hello Mr. Chen, I've heard his name for a long time, and I'll finally see it today!"

Lu Chuanwei and Chen Dongcheng shook hands, looked at Cheng Wei, who couldn't hide his smile, and said with emotion: "If Mr. Chen had been on our side, maybe today's situation would have been different." ”

Cheng Wei replied quietly: "It's good for Mr. Lu to quit now, realize financial freedom as soon as possible, maybe you can see Mr. Lu in other fields." ”

Lu Chuanwei smiled bitterly and shook his head: "It's difficult, today is a good day for Mr. Cheng, I won't bother much, I'll miss the company first." ”

Looking at Lu Chuanwei's somewhat depressed back, Chen Dongcheng felt a little.

The ruthlessness of capital is undoubtedly evident at this moment.

Founders like them don't want to have the right to speak in the company at all.

Cheng Wei is the same, why not come and go left and right between capital.

Chen Dongcheng asked casually: "After the merger, do you choose WeChat or Alipay?"

"It must be all accessed, don't look at Ahri's weak voice, but if you don't give face, it's pure death. ”

Cheng Wei is not cowardly, he really can't get around these two mountains.

If he hadn't hugged Teng Xun's thigh in time, how could he still have today's glory?

Cheng Wei suddenly pointed to Peng Zhijian, who was chatting with his friends, and asked, "Old Peng, is this going to go it alone?"

"How do you know?"

"Lao Peng asked me, and I was not interested in accepting his investment, I was still wondering, didn't Tengxun have already invested in us.

Lao Peng explained to me that he planned to quit his job and start an investment company to invest in companies after Series B. ”

"And what do you say?"

"I'm casual, I'm afraid that Lao Peng can't afford it. ”

Cheng Wei smiled: "Our next round of financing is starting at 3 billion US dollars, doesn't Uber want to play? ”

"Melted so much?"

Chen Dongcheng will definitely not be able to keep up, if he wants to ensure that his equity is not diluted, he will have to throw at least more than 100 million US dollars at Didi.

There are more places to make money, and I can't continue to throw money at Didi.

Cheng Wei mentioned this, a little embarrassed: "What Liu Qing means is that if you don't vote in the next round, the number of directors needs to be given up." ”

Before the merger, Chen Dongcheng was in the position of a director of Didilao, and Liu Qing didn't care.

But after the merger, Ahri and Tencent will occupy two board positions.

Including the merger of the company's senior executives, there must be a few members of the board of directors, and the number of places is completely insufficient.

"No problem. ”

Chen Dongcheng agreed very happily, which made Cheng Wei a little stunned.

Why doesn't this person mean to give up at all?

Chen Dongcheng put down the cup with a smile and patted Cheng Wei's arm: "It's nothing, I'll leave first, I still have a project to deal with." ”

"Uh, okay. ”

Waiting for Chen Dongcheng to walk out of the banquet hall, Cheng Wei was a little stunned.

The introduction of Liuqing has indeed made Didi develop rapidly, and it has also successfully merged with Kuai.

But in the same way, the capital trusts Liu Qing more.

Cheng Wei didn't know if it was right or wrong for him to let Liu Qing join Didi.

Walking out of the banquet hall, the capital at the end of October, the autumn is crisp.

Walking on the street, suddenly several figures riding yellow bicycles attracted Chen Dongcheng's attention.

The little yellow car of ofo couldn't be more recognizable, Chen Dongcheng walked for a while and found a small yellow car parked on the sidewalk at random.

The tires are deflated, and the cost of the whole car is estimated to be 200 yuan.

However, the deposit of the small yellow car is cheaper, and the deposit of 99 yuan is 200 yuan less than that of the green orange bicycle.

Of course, the mainstream of the streets and alleys is still Qingju bicycles.

Whoever let Qingju Bicycle get 40 million yuan, and Chen Dongcheng later lent 50 million to Qingju Technology.

Compared with a group of poor college students starting a business, Qingju Technology started as equivalent to driving a sports car.

The first batch of 100,000 Qingju bicycles has been put into the Beijing market.

In the major subway screens, buildings, and bus shelters in Beijing, advertisements for Qingju bicycles can be seen everywhere.

It can be said that the advertising budget invested by Qingju Bicycle during this period is quite large, and it is normal to burn tens of millions a week.

Spending heavily on advertising has led to a surge in the number of registered users.

With users, there is a deposit, and then use the deposit to buy financial management to cover the cost of publicity.

This development model has been vividly used by Zhao Yin.

100,000 bicycles is not much for the capital.

At its peak, the number of shared bicycles in Beijing reached more than 2 million.

There is always no shortage of people in the world who are greedy for cheapness, the deposit of Qingju bicycle is expensive, and the cheapness of ofo.

There is still room for development of ofo, as long as there is a deposit, capital will take the initiative to find the door.

Zhao Yin spent almost half of his time negotiating financing with capital every day.

It's just that the appetite of Qingju Technology is too big, and many capitals are not optimistic about the profit model of Qingju Technology.

The valuation given made Zhao Yin not very satisfied, and the financing has been stranded.

Chen Dongcheng took a photo of the ofo bicycle and sent it to Zhao Yin: "Keep a strict watch, even if the capital market is to be lost, it can't be lost too quickly." ”

"Okay, don't worry. ”

Chen Dongcheng reminded Zhao Yin that he should be vigilant, and he must not be less.

……

Chen Dongcheng was just about to go back to the hotel, when he suddenly received a WeChat message from Luo Yunqi: "I just arrived in the capital, didn't you leave?"

"Tomorrow's plane, I'll go to you?"

"Okay, you go directly to the Fulou French Restaurant on Xiaoyun Road. “

Rushing to the restaurant, Chen Dongcheng was taken to a table by the window by the waiter.

Luo Yunqi got up with a smile and pulled Chen Dongcheng into his seat.

introduced to a beautiful woman sitting across from her: "My boyfriend, Chen Dongcheng." ”

"Hello, my name is Qiao Siqi, Yunqi's college roommate. ”

Luo Yunqi ordered a few dishes with the waiter, and she didn't need to ask to know what Chen Dongcheng liked to eat.

Qiao Siqi waited for Luo Yunqi to finish ordering before asking, "Mr. Chen, where are you in high school?"

Chen Dongcheng glanced at Luo Yunqi, Luo Yunqi shook his head and explained: "I haven't had time to tell Siqi yet, we haven't had much time to get together since our internship. ”

Qiao Siqi heard it in a fog: "Yunqi, don't tell me which company your boyfriend is an artist cultivated by the company." ”

The appearance of the male god, even if you go to the entertainment industry, as long as someone is willing to support it, it is still easy to get a large number of little fans.

Luo Yunqi didn't rush to answer, but asked her, "Do you know keep?"

"You know, it's a very popular fitness app, and I practice it every day. ”

"He's the founder of Keep. ”

Qiao Siqi was stunned for a moment, stunned: "Really, then your boyfriend is too good!"

Luo Yunqi smiled shyly, but his face could not hide his pride: "It's okay, he also invests in a few companies, so I won't tell you in detail." ”

"Don't say it, I'm afraid I'll die of acid. ”

Qiao Siqi couldn't help but look at Chen Dongcheng a few more times.

The appearance alone has already crushed the vast majority of men, not to mention the impressive development of the career.

Qiao Siqi doesn't know the specific situation of Keep, but she only knows that Keep is very popular in the Internet circle.

Looking at it this way, there should be no problem with his best friend's boyfriend, who is worth more than 100 million.

No, it should be more than worth more than 100 million.

Qiao Siqi pointed to the rose gold diamond-encrusted nautilus on Luo Yunqi's wrist: "Handsome guy, you bought this for Yunqi?"

"I bought it when I went to Geneva. ”

Qiao Siqi nodded secretly and complimented: "You are quite good to Yun Qi, and you are willing to buy more than two million watches for Yun Qi." ”

Chen Dongcheng smiled and didn't say anything.

After waiting for the waiter to serve the food, Luo Yunqi saw that Chen Dongcheng had a very good appetite, and was a little surprised: "Didn't you eat just now?"

"Attend a drinking party, chat casually and then leave.

I was about to go back to the hotel, and I came over with a phone call. ”

Luo Yunqi was curious: "What kind of drinking party?"

"I am an investor at a celebration reception for the merger of Didi and Kuaidi, and I will definitely be there. ”

Chen Dongcheng explained to Luo Yunqi while cutting the steak.

Qiao Siqi couldn't help but ask, "Didi is going to merge with Kuaidi?"

"You search the Internet, there should be relevant news. ”

Qiao Siqi unlocked the phone, and in the browser, several related articles popped up at once.

It clearly shows the latest progress of the merger of Didi and Kuai.

There was no news at all before, and some reporters interviewed Kuaidi and Didi employees, and they all said that they had not heard any news before.

Qiao Siqi's gaze suddenly stopped in one place.

"After the merger of Didi and Kuaidi, it will be renamed Didi Chuxing, and the combined valuation will be $6 billion. ”

$6 billion≈37 billion RMB!

Qiao Siqi suddenly thought that Chen Dongcheng said just now that he was an investor in Didi, and his equity should be more than 1%, right?

"Handsome guy, how much do you hold in Didi Chuxing after the merger?"

Qiao Siqi is really gossipy, and she regrets asking it.

Chen Dongcheng didn't answer directly, and said vaguely: "More than 1%." ”

Even if it was so vague, it was enough to shock Qiao Siqi.

What does this mean?

The shares held on behalf of Chen Dongcheng are now worth 370 million!

At such a young age, he is already worth hundreds of millions, and his girlfriend's vision is too good, right?

Qiao Siqi looked at Luo Yunqi with a complicated face, no matter how good the relationship is, in the face of such a huge contrast, it is inevitable that there will be a gap in her heart.

Fortunately, Qiao Siqi is very self-aware and said with emotion: "Yun Qi's vision is too good. ”

Luo Yunqi hurriedly shook his head and explained: "When I met him, he hadn't voted yet. ”

Qiao Siqi smiled bitterly: "It's because of this that I said that you have a good eye!"

Such an excellent man, but any woman with a bit of beauty, who doesn't want to post it?

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