Cheng Wei unconsciously thought about it a little preoccupied, and it took a long time to find that he was led astray by Chen Dongcheng.

He just wants to mix it up with bike-sharing, but Didi does have ambitions for bike-sharing.

Compared with ofo, which has a higher damage rate, Cheng Wei prefers Chen Dongcheng's Qingju bicycle.

Even if ofo and Didi are in the same capital, Cheng Wei's first choice is not ofo, but to come to the magic capital to meet Chen Dongcheng.

Cheng Wei attaches so much importance to the field of shared bicycles, naturally he didn't decide by patting his brain.

Don't forget that China is the kingdom of bicycles, and there are definitely more users who travel short distances by bicycle than by taxi.

So when the daily active users of the bicycle approach Didi, the threat to Didi increases day by day.

The financing of Internet companies is better than the story told by anyone.

In the stories told by Qingju Technology in the next few rounds, in addition to occupying other cities globally, the users who can cover Didi at any time can also make many investors interested.

As for the launch of Qingju Technology's ride-hailing service, isn't that just a matter of subsidizing another round of taxis and chauffeurs?

From years of taxi wars, Cheng Wei has already seen it very clearly.

Users in China are the least loyal to this kind of standardized service.

Whoever subsidizes the most will go with whomever he wants.

At the beginning, Didi and Kuaidi fought to the death, not because this kind of standardized service is very difficult to cultivate user loyalty.

Including Uber Huaxia, which recently won at a heavy price, is also for the same reason.

As long as you are willing to subsidize, there will be no shortage of users.

If you don't buy the other party, you have to be dragged down continuously.

It is no exaggeration to say that Didi's biggest competitor in the future is almost Qingju Technology.

For those investment institutions that missed Didi, bet on a Qingju Technology with a valuation of less than 1/5 of Didi.

Not to mention less investment pressure, the prospect of profit is greater.

Moreover, the user data of the two is gradually approaching, and Qingju Technology may surpass Didi at any time, no matter how you look at it, it is worth taking a gamble.

Cheng Wei is aware of this danger and plans to support a company in the field of bicycle sharing.

As for making your own bike?

Cheng Wei has not thought that the main market pattern has been formed.

Didi does it by itself, and it is difficult to have any effect.

There is only one way in front of Didi, pick the one with the most potential to invest a sum of money, and gradually grasp the right to speak in this bike-sharing company.

Cheng Wei coughed: "Not long ago, ofo contacted us, but I refused." ”

"Why refuse?"

Chen Dongcheng asked cooperatively.

"Compared with the dolls who started on campus at ofo, I trust a shopping mall veteran like Zhao Yin more, as well as you, an investor with a vicious eye. ”

Cheng Weiyu added with a smile: "Of course, market share is also very important to me.

The market share of Qingju bicycles has been maintained at the level of 50%.

Although the momentum of ofo and Mobike has risen recently.

But this gap, I don't think the two of them can catch up. ”

There are too many players in the bike-sharing track, and Didi has a lot of investment objects to choose from.

Cheng Wei and Liu Qing did not hesitate to choose Qingju Bicycle, and they rarely reached a consensus on this point.

Chen Dongcheng got up and walked to the desk, flipped through the documents for a while, took out a document, and handed it to Cheng Wei.

"Show me?"

Cheng Wei opened the file curiously, and his face suddenly changed.

In this document, the bold font on the first page is very harsh.

"Application Report on the Change of the Name of Qingju Technology to Qingju Travel".

"Qingju traveling?"

Cheng Wei frowned, and when he saw the word "travel", he realized that something was not good.

Qingju Technology's name change is a trivial matter, but the name change is similar to Didi, isn't that just for Didi?

Cheng Wei glanced up at Chen Dongcheng and found that Chen Dongcheng was looking at him with a calm smile.

Obviously, the office was air-conditioned, but Cheng Wei felt that his back was soaked.

What shocked Cheng Wei the most was that Chen Dongcheng handed him the document so openly, not afraid that he would be wary.

However, in the taxi market, no matter how wary you are, it is useless.

If Qingju Technology really opens a special car business, it will definitely be popular with investors.

They don't mind gambling on the green orange trip to see how good the green orange is doing.

"You can take a look at this too. ”

Chen Dongcheng took another document to Cheng Wei, which said that Qingju Technology would add a special car business line after changing its name.

At the same time, it actively raised Series D financing to increase the valuation of Series D to $4 billion.

Take out half of the amount of the D round of financing, that is, $200 million, to subsidize users.

Seeing this, Cheng Wei didn't have to look at it anymore.

Cheng Wei asked with an ugly face: "Dongcheng, do you want to fight me to the death?"

"Of course not, this is just the application report submitted by Zhao Yin.

Personally, I prefer to avoid this war.

But sometimes, we're always being pushed along.

The bike-sharing market is saturated, and it doesn't make much sense to continue to subsidize with a few other companies.

After Qingju Technology changed its name to Qingju Travel, it is bound to subsidize the special car business heavily.

I have a family under my name, Cao Cao, and I need to take the opportunity to develop.

I don't mind asking Cao Cao to pay more subsidies for Qingju's travel. ”

Chen Dongcheng looked at Cheng Wei's face and continued to mend the knife.

"But Didi is rich, so I will ask Cao Cao to pay a subsidy of 500 million US dollars first.

When this money is subsidized, the market share of taxis, Qingju Travel should be able to get a share.

Let other investors see that the prospects of Qingju travel are good, and the confidence of investment should be firmer. ”

"Alright. ”

Cheng Wei couldn't listen to it anymore, and said angrily: "I know what you mean, I have to discuss it with Liu Qing." ”

"I'm not in a hurry, but Wang Xing of the magnesium group has been in contact with Zhao Yin recently, so you have to be a little careful. ”

"Wang Xing?"

Cheng Wei was a little puzzled: "What is he doing with you?"

"Who knows, maybe there are some ambitions for travel.

If they want to survive, they have to keep developing their business, and bike sharing is a link they can't avoid. ”

Chen Dongcheng smiled: "After all, you have to eat, drink and have fun, you can't still be vacant in this part of the line, right?"

Cheng Wei woke up instantly.

Looking at it this way, it is really not for nothing that the magnesium group looks at Qingju Technology.

"You wait for me a while, I'll make a call. ”

Cheng Wei couldn't sit still for a moment, and planned to discuss it with Liu Qing.

"Please. ”

Chen Dongcheng vacated his office and went out to the toilet.

Wait for a walk around and head to the pantry for a cup of coffee.

I looked at my watch, and half an hour had passed.

Back in the office, Cheng Wei just hung up the phone, turned to Chen Dongcheng and said, "Make a price." ”

Chen Dongcheng smiled: "4 billion US dollars, I can accept the payment method of shares and cash." ”

"Just kidding, it can't be. ”

Cheng Wei refused without hesitation: "This valuation is too high." ”

If you don't completely refuse, it means that there is something to talk about.

Cheng Wei is not satisfied with the price.

Then the two of them bargained fiercely in the office.

The final price was $1 billion in cash, and an additional $2.7 billion in shares were issued to the shareholders of Qingju Technology.

According to the valuation of Didi's just finished financing, Didi will take out 10% of the equity.

Chen Dongcheng is still very satisfied with this price.

Bike sharing is a pit, and it will explode sooner or later.

Chen Dongcheng didn't plan to hold on to Qingju Technology for too long at the beginning.

Compared with magnesium clusters, Didi seems to be a little more reliable.

Didi would rather spend money to buy Qingju Technology than have a strong competitor.

However, the acquisition of such a big thing naturally cannot be decided like this.

At the very least, you must explain to the investors and understand the reasons for the acquisition of Qingju Technology before you can formally sign the contract.

But this does not prevent Chen Dongcheng and Cheng Wei from starting to talk and laugh.

Cheng Wei sighed: "I didn't expect you to come back." ”

Think about it, Chen Dongcheng didn't continue to follow the investment at the beginning, and his equity holdings have been diluted, and now it is very small.

But Cheng Wei and Liu Qing never dreamed that Chen Dongcheng would return to Didi in this way.

Chen Dongcheng smiled and nodded: "Yes, I finally came back." ”

"Okay, I have to go back to the capital quickly, and then you can take the time to come over, and let's sign the contract." ”

"Good. ”

Chen Dongcheng agreed very happily, and Cheng Wei also walked very simply, leaving with a depressed stomach.

Didi held a video conference overnight, and all investors voted.

There are more people in favor of the acquisition of Qingju Technology.

They have experienced the war of taxi subsidies, and now they have a headache when they mention subsidies.

Moreover, Qingju Technology's plan to open a special car business does not seem to be fake.

If Qingju Technology is allowed to develop, it may really break the monopoly situation that Didi has so hard to create again.

This price is something that Didi can't afford.

Since there is an easy way, why do you have to fight you to the death?

Didi confirmed the acquisition plan, and Qingju Technology also held a board of directors.

Many employees of Qingju Technology are a little puzzled, why are so many investors here today?

In the conference room, many investors had different opinions.

Some of the C rounds have just entered the market, and they don't make much money by selling them at this valuation.

They very much hope that Qingju Technology will change its name to Qingju Travel and have a good fight with Didi.

Investors in Series A and Series B advocated accepting Didi's acquisition and pocketing the proceeds of their investments as soon as possible.

"Since everyone disagrees, let's vote by show of hands. ”

Chen Dongcheng said simply.

There was silence in the conference room for a moment, and Zhao Yin spoke: "If you support the independent development of Qingju Technology, please raise your hand!"

The voice fell, and the investors who came in the C round raised their hands with Zhao Yin.

The person who raised his hand couldn't help but feel a little chilled, because Chen Dongcheng, who held the largest shareholding, didn't raise his hand.

Although it has undergone several dilutions, Chen Dongcheng still holds a 55.77% stake in Qingju Technology.

Although Zhao Yin's voice was expected, he still couldn't stop being disappointed.

As the CEO of Qingju Technology, he prefers to see Qingju Technology develop on its own, rather than selling it directly to Didi.

After Didi buys it, it will definitely gradually empty him.

"If you support Didi's acquisition of Qingju Technology, please raise your hand. ”

Everyone watched as Chen Dongcheng's right hand slowly raised.

It's not fast, but it's very determined.

Ding Baoshan's shareholding ratio is not large, and it has been diluted in several rounds to only 3.3%.

However, he firmly followed Fa Xiao's steps, and also raised his hands.

There are also investors in the A and B rounds, and there is no suspense at all.

"I am announcing that Qingju Technology will be sold to Didi Chuxing, and I thank all shareholders for their votes. ”

Zhao Yin said this sentence almost in a tragic tone.

Chen Dongcheng couldn't see any expression on his face, only indifference.

Business is business, when it comes to interests, how many people can sacrifice themselves?

Anyway, Chen Dongcheng can't do it.

The sale of Qingju Technology was a good move made by Chen Dongcheng a long time ago, and now it has finally been settled, and Chen Dongcheng is also at ease.

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