Acquisitions or acquisitions, throughout November, Zhou Shi was busy in acquisitions.

The first thing to do was ATL, and with the help of Lehman Japan and people from Asia Pacific, it was finally successful. Removing 10 percent of the equity incentives used for the future, the remaining 90 percent is divided into three parts, with 45 percent owned by the Japanese parent company TDK, 25 percent owned by Galaxy Capital, and 20 percent owned by Sixiang Fund. Zhou Shi spent a total of $350 million, some of which he bought from major shareholders and some of which he bought directly.

"Mr. Zhou, thank you so much, this time the conversation was successful, and the company is more motivated, and there is no need to be scolded anymore......," ATL Zeng Yuqun called Zhou Shi excitedly.

"Thank you for what I do, I still count on you to help me make money, invest so much, if I lose money, I can't spare you. Zhou Shi said half-jokingly

"At this point, Mr. Zhou can rest assured that if there is a loss and the performance declines, we will not forgive ourselves. "Zeng Yuqun

"But don't let our development in the battery field be affected for the sake of indicators such as performance and profit. Be sure to stick to a large proportion of technology investment and don't be afraid to make mistakes. "Zhou Shi doesn't know if ATL's team is rich or not, whether there is still motivation to pursue a broader field, and the necessary reminders and suppression are indispensable.

"Insisting on developing technology has been our long-standing line, and it will not change in the future. Our focus is not only on mobile phone batteries, but also on future power batteries!"

"Well, as long as your original intention remains unchanged and you always maintain your technological superiority, even if TDK withdraws, I will not let your interests be harmed. Zhou Shi assured again.

"I believe in Mr. Zhou!" Zeng Yuqun

With ATL, it is equivalent to having a CATL that has not yet been established, and Zhou Shi has laid a deep foundation in the field of new energy batteries. Even the batteries used in mobile smart devices such as mobile phones can feed ATL, and as long as the management does not mess around, I believe there will be no problems with the development of ATL. Later, with the change of the national new energy policy, there is always a chance to completely drive TDK out of ATL.

Back to the topic of acquisitions, Zhou Shi's second acquisition targets are Yelp and Dianping, and after the funds are in place, the total cost of acquiring the two companies is less than $500 million, well, in fact, $500 million is a lot.

Yelp's Jeremy Stallleman stayed with the company and Simmons left. Dianping's Zhang Tao also decided to stay, and the company's management remained largely stable.

"The first new project after I acquired the company was group buying: only a few products or services were launched every day, and the number of people was limited to "flash sales", and after the number of people and deadlines were reached, it was possible for everyone to enjoy the discounted price, and if there was not even one person, the transaction could not be carried out. "Zhou Shi

"What's the difference between this and a normal group buy?" said Stallelman

"Traditional group buying sites offer very low discounts on goods and services, and our discounts can be up to 2 or 3 percent off, or even lower. Under the financial crisis, this is a win-win (consumer, merchant) e-commerce and offline consumption model. Consumers, merchants, and website operators take what they need, so that the allocation of resources can be optimized to the greatest extent. ”

"Moving group buying to the Internet, does it really work?" said Zhang

"Whether there is an effect or not can only be known if we do it, we adopt the fission model, pay attention to talent training, and let them conquer all the large and medium-sized cities in the world one by one!" Zhou Shi

"Talent management in this model is very important and requires the cooperation of both people. Shirley also took the time to come over and maintain good relationships with future company executives.

"It's a huge challenge, but isn't it going to be a drag on existing reviews and advertising?" said Deadman

"The impact is certain, but it's not a big problem, and I'm sure you can handle the technical side of things!"

"That's right, I can!" Stallelman

"Don't worry about funding, we're in charge of managing and recruiting people! One of the two is a shared accommodation space and the other is a shared office space...... "Zhou Shi once again explained the concept of shared space.

Like Wang Xirui, Zhang Tao and Stallelman didn't understand the meaning of Zhou Shi's doing this, and what a terrible idea it was to give up their house to strangers to live in!

"Take a stranger's car, stay in a stranger's house, board a pet with a stranger, go to a stranger's house for dinner...... On the one hand, these once incredible things make life more economical, convenient and interesting, and on the other hand, they are also building a trust mechanism in society, adding elements of trust and social options in addition to cold business practices. That's the change I want to make in the world!"

"Take a stranger's car and live in a stranger's house!"

"Boarding pets with strangers, going to eat at strangers' homes!" Stupleman

"It's incredible!" the two said in unison

It's normal to say that these sharing behaviors happen between acquaintances, but it's really crazy to do it between strangers.

"But the market size of such a company is limited!" someone suddenly said

"No, Airbnb (assuming the name Airbnb hasn't been occupied by anyone at this time) is disrupting traditional hotels and hostels, subverting the traditional office rental market, both of which are very large in size!" said Shirley Sandberg.

"Airbnb and eork are my exploration of the sharing economy, which I believe is based on the right to use economy, through information technology to mobilize idle resources and improve resource efficiency. The core of it is not that it is free, but that it does not need to be owned; It is an adjustment of the mode of economic organization, which in turn affects the perceptions of ownership, trust and socialization. Zhou Shi took Shirley's words and continued to elaborate on his philosophy. "The advantages of the sharing economy are mainly reflected in the following four aspects: first, it can quickly expand the scale, second, it has great flexibility, and can be quickly adjusted when the market situation, regulatory environment, and competitive environment changes; third, high capital efficiency. Due to the use of social resources, most of the sharing economy is asset-light operation, low capital requirements, high rate of return on capital; Fourth, the sharing economy needs to find both the supply side and the demand side, and the two sides are mutually conditional, but the entry threshold of the supply side is relatively low. "There are definitely shortcomings, but Zhou Shi is not doing research now, but bragging. At this time, talking about the shortcomings of the sharing economy, isn't that brain water!

"I think it's feasible, and if it is done it is very imaginative. "Stallelman

"But what does this have to do with your acquisition of Yelp and Dianping?" said Zhang

"It's okay, I bought you for a group purchase!" Zhou Shi said innocently, and the two of them immediately fell over!

Thanks minman for the monthly pass

(End of chapter)