Chapter 847: Lu Heng's Valuation of Autohome
In Autohome's office for the chairman, Cynthia Whelan and Chen Yongzheng sat opposite each other to discuss the final decision. Pen Γ fun Γ Pavilion www. ο½ο½ο½ο½ο½ο½ γ ο½ο½ο½ο½
"Mr. Chen, what do you think?"
Cynthia looked at the taciturn man in front of her, the two were in different departments, one was the vice president of the local business, and the other was the president in charge of managing the international business.
But Chen Yongzheng is always Chinese, and Cynthia is close to the headquarters, so her status is higher than Chen Yongzheng, and this time the shareholders' meeting is also led by her.
However, when it comes to investment markets outside of Australia, especially in China, Chen Yongzheng undoubtedly has more say.
At this time, seeing Cynthia kicking the ball to herself, Chen Yongzheng grinned.
"It doesn't matter what I think, it's what matters what the headquarters thinks, and you should follow the headquarters to lead the process, including the outcome. β
Cynthia sighed, rubbing her forehead a little uncomfortable.
"Of course, I know the opinion of the headquarters, and it is mainly tentative, if we can replace Li Xiang, weaken his influence as the founder of Autohome, and strengthen our control. If not, it's business as usual until Autohome goes on the market. β
Chen Yong said expressionlessly: "In this case, what are you still hesitating, it is obvious that most of the shareholders do not agree to replace Li Xiang, do you still want to go against the will of the people? Even the meaning of the headquarters is to try not to offend the minority shareholders, we can't go beyond the distance." β
Cynthia gave him a cold look, "I know how to do it, I don't need you to teach me." β
"It's good that you know. β
The muscles on Cynthia's face twitched faintly, and then she endured the anger in her heart, and said unwillingly: "But aren't these people afraid of offending us, obviously our meaning is so obvious, and they dare to do it." β
Chen Yongzheng rarely smiled, but it was a sarcastic smile.
Looking at this foreign woman who relied on her connections but suppressed herself, Chen Yongzheng sneered: "Is it a loss for them to offend us? Except for the two employees who hold important positions in Autohome, everyone else only invests and does nothing." Even if we offend the major shareholders, they should take dividends, can we still give them money?"
"But what about those two employees? It's not okay to replace the founder, replace the two of them insignificant, but there's no pressure!"
The ridicule in Chen Yongzheng's eyes is getting stronger and stronger, this woman is really big-chested and brainless!
"As long as Li Xiang's position is kept, can we still move those two people past him? You know, it is this group of fathers who have made Autohome to this point. I don't think you know the idiom of cold lips and cold teeth, but I suggest you look it up. If those two little people are really moved, it will be the entire management that will be chilled. When the time comes, the development of Autohome will not be good, and Telstra's investment will be wasted, I will not bear this responsibility, will you bear it?"
Cynthia was speechless, and then glared at Chen Yongzheng with a red face, was this Chinese man just laughing at his stupidity?
"Let's go, go back!"
Chen Yongzheng smiled disdainfully, got up and walked slowly towards the conference room.
When Cynthia said with a blank face in front of everyone, that Li Xiang would continue to serve as the executive president, it was announced that this meeting was almost a farce.
Han Lu and Du Hong obviously let out a slight cheer.
And Qin Zhiyuan was pale face, he could have ascended to the sky in one step, but he finally returned to his original form.
"Qin Zhiyuan continues to serve as the general manager, and I hope that you will assist President Li Xiang to manage Autohome better and better, and make the investment of our shareholders worthwhile!"
"Hmm"
Qin Zhiyuan nodded in reply, but he felt that he was embarrassed at the moment, especially the previous appearance of listening to the arrangement of the major shareholder, which felt ridiculous when he thought about it at this time.
Next, Li Xiang made a speech, the general meaning of which is nothing more than a clichΓ©, asking shareholders to have confidence in the management team of Autohome, and they will work harder to make the shareholders' investment get several times the return.
At the end of the meeting, Cynthia was the host, and all shareholders were invited to lunch at the best restaurant nearby, which is also what major shareholders should do, and no one refused.
At least the meeting just now, although it was almost tense, did not tear their faces after all, and everyone still restrained themselves.
Lu Heng took Lin Su to sit in Li Xiang's car and drove towards the restaurant.
Lu Heng sat in the co-pilot, and he could clearly see Li Xiang's expression, relaxed and comfortable, as if he had put down his burden.
He can also understand Li Xiang's feelings, the previous meeting, for him, is no less than a test of life and death, if he is really revoked as president, it will not be far from the day when he is out.
Driving the car, Li Xiang suddenly sighed, attracting Lu Heng's attention.
"Why did you sigh suddenly, are you worried that Telstra won't give up?" Lu Heng asked suspiciously.
Li Xiang shook his head and said with a deep gaze: "It's not going to happen, everyone is not a three-year-old child anymore, and backsliding is not so common." I just sighed, how did I get to where I am now, alas.............."
Lu Heng didn't answer, he can't say that you are too naΓ―ve!
It is a very common business model for someone to invest in their own industry, and Lu Heng also knows that if Hengcheng Group really reaches the day of listing, there will be large-scale venture capital involved.
But like Li Xiang, really, Lu Heng can only say that he is too stupid.
In the process of rapid development, he actually gave up the controlling stake.
"Lu Heng, do you think that I think about business business too simply?"
Lu Heng nodded, and then smiled awkwardly: "Brother Xiang, don't think too much." β
Li Xiang laughed at himself, "Don't comfort me, it's really my own fault for coming to this point." Do you know why I was so concerned about the news of JD.com's financing a few days ago?"
Lu Heng looked at him puzzled, "Isn't it because I participated in the investment?"
"There's also your factor. Li Xiang did not deny it, and then said bitterly: "In addition, I still want to know about JD.com's financing position, because compared with the good situation of Autohome's financing, JD is obviously in an extremely disadvantageous position." I wonder how far JD can go in these two financing environments. The ending slapped me hard, compared to Liu Qiangdong, I am indeed inferior. β
Lu Heng suddenly realized, no wonder when he met Li Xiang, he would ask himself about the details of financing, for this!
Li Xiang said to himself: "I was very happy that Autohome was valued at $150 million by Telstra, and they promised not to interfere too much with my entrepreneurial team, so I accepted their offer, and it was at that time that I lost my controlling stake." But the process of Jingdong Mall's pursuit of financing is undoubtedly much more difficult than mine. Everyone in the industry knows that more than 40 people are reluctant to invest in JD.com, and they haven't even made an offer. Even in this process, Liu Qiangdong still adhered to the bottom line and did not hand over the controlling stake. Hehe, compared to him, am I too stupid?"
Lu Heng did not answer Li Xiang's question directly, because he knew that Li Xiang had an answer that belonged to him in his heart.
Lu Heng asked a question related to numbers, which was very straightforward and naked.
"Brother Xiang, Telstra valued Autohome at $150 million, and you accepted their offer very happily, and you think this is the value of Autohome. So do you know how much I'd value Autohome?"
Li Xiang said with interest: "How much, 200 million, or 300 million?"
Lu Heng smiled contemptuously and said a number that surprised Li Xiang and even Lin Su behind him.
"Five billion! dollars! and even more than ........"
(To be continued.) )