Running all the way, Xia Yu couldn't eat fast food on the plane, so the two went straight to a nearby restaurant after getting the hotel key. Of course, Xia Yu didn't forget to call Xiang Ligang.

"Oh, you're here?"

Xiang Ligang obviously didn't expect Xia Yu to act so quickly, should he have rushed over from Yangcheng immediately? He hesitated for a moment, and said: "Mr. Xia, I'm sorry I can't get out tonight, in this way, I'll send you the manuscript over to read it first, and we'll meet early tomorrow morning to talk about it?"

Of course, Xia Yu didn't expect to come to the door so late to disturb, this was interesting enough, and he hurriedly said, "Okay!"

At this time, Xiang Ligang was thirty-four or five years old, much younger than Xia Yu's impression, and he didn't get lucky, and he looked a lot more energetic.

Xia Yugang wanted to introduce Yang Chunsheng behind him to him, but he didn't expect Xiang Ligang to smile and say: "Polestar's Mr. Yang is also well-known in the media circle, I don't need you to introduce him!" and turned to Yang Chunsheng: "Hello Mr. Yang, Xiang Ligang of Communication World magazine!"

Yang Chunsheng also stretched out his hand: "Hello!"

In fact, Xia Yu really didn't expect this.

Polestar Electronics has been bathed in the spotlight since its debut, and the main team was completely dug up after the S1 award.

He himself has recently made a low-key appearance in the media, but Liu Mingsheng, vice president of operations, and Yang Chunsheng, vice president of R&D, have always been arranged by the public relations department to appear the most, and the resumes of the rest to Xu Jiahui, Fan Pingze and others have also been repeatedly turned out to make a fuss.

Not long ago, the Silicon Valley Power website even directly published an article titled "In-depth Reveal of Polestar Electronics' All-Star Executive Team", and also made a small topic, which was reprinted by major websites.

Because he didn't have time to be polite in detail, Xiang Ligang sat down and took out two notebooks directly from his schoolbag, and handed them to Xiao Xia Yu with a smile: "The only manuscript, the other is a data notebook, Mr. Xia has to keep it for me!"

Knowing that this thing was very precious, Xia Yu nodded solemnly: "Don't worry!"

It's not a question of how much money. It's hard work and trust.

Xia Yu gave Xiang Ligang the gift he had prepared, and when he saw that he was about to refuse, he hurriedly said: "It's not a valuable thing, one is a small toy for your daughter, and a S1 from Polestar, this is my own specialty, you can't let me bring it back when you come to see a friend!"

The price of Polaris S1 is not cheap, and the lowest is more than 2,000 yuan.

If it was as a media person, Xiang Ligang would not accept it, but he felt that Xia Yu was young and had a great career, but he was so diligent and humble, he felt that he could be handed over and worth handing. He immediately nodded and said, "Mr. Xia is my friend, so I'm not welcome!"

made an appointment to call early tomorrow morning, Xiang Ligang left in a hurry, Xia Yu looked at his back and said to Yang Chunsheng: "There are not many media people like this!"

At this time, the status and influence of the media are quite stable, and they have not been gradually destroyed by various gray events in the next few years.

But even so, there are still few media people who are willing to do research hard and stick to the bottom line of being a person.

After eating in a hurry, the two went directly into Xia Yu's room. I can't wait to open these two manuscripts together. Xia Yu was also taking notes quickly on the laptop he carried, and it was already more than two o'clock in the night when the preliminary sorting was completed.

But the harvest is also full.

Although Xiang Ligang is one of the founders of "Communication World" magazine, his temperament is also inseparable from the work of a front-line reporter, and he has accumulated many years of contacts in the circle. There are indeed a lot of documents and materials that are not publicly available to the outside world.

Take Panda Mobile, which Xia Yu is most concerned about at present, for example, this manuscript, especially the auxiliary materials, is very detailed and accurate to clarify its complex equity and personnel relationships, and also lists the detailed description and analysis of how this star company fell from the peak in one year and was involved in a huge capital black hole according to the main line of time.

This is indeed an important information that Xia Yu urgently needs.

Of course. These materials are only a part, and more detailed and in-depth things have to be said in detail by Xiang Ligang in person, which is also the purpose of their personal trip.

……

Wucheng is an ancient city of more than 2,000 years. It has been a famous land of fish and rice since ancient times, and now it is also the regional center of the Yangtze River basin and an important port city, a modern riverside city.

The next morning, the three met at a riverside teahouse.

After confirming that Xia Yu and Yang Chunsheng had basically digested the information, Xiang Ligang did not talk about it from the beginning, but while holding a pen and paper, he talked about the many inside stories of Panda Mobile Company that he had come into contact with in the past two years.

Speaking of the collapse of Panda Mobile, we have to start with the "Yimei incident" that caused a lot of impact in the industry at the end of 2004.

Yimei Communication is also a long-established mobile phone sales company, which was founded by "Little Brother Ma" Ma Zhiping in his early years.

In April 2002, Jinling Broadband, a listed company controlled by Shanghai Science and Technology, invested 20 million yuan to intervene in Yimei and achieved a 50.12% holding, but Ma Zhiping still actually controlled Yimei.

Since then, Yimei Communication has begun to resell its own brand of mobile phones under the name of "Panda Yimei", and the R&D, production and licenses are all obtained from Panda Mobile.

At the end of 2003, Jinling Broadband transferred all of its 50.12% shares to Sujiang Tianchuang, a mobile phone sales giant that is one of the two major shareholders of Panda Mobile, which is independently controlled by Ma Zhiping.

This short-term capital resale relationship can be called a beautiful operation - Yimei has suddenly become a company under Ma Zhiping that can carry out the branded mobile phone business on its own, and it is more convenient for the other two small companies controlled by Ma Zhiping to encroach on a lot of profits as Yimei's downstream sales agents.

Ma Zhiping's step-by-step erosion of the state-owned capital Jinling Panda and the capital cash-out game are not the only ones.

The secret information obtained by Xiang Ligang also shows that in 2003, Jinling Panda Mobile, which is controlled by Jinling Panda and of which Ma Zhiping is the general manager, provided a loan guarantee of 420 million yuan to Sujiang Tianchuang, a distributor of Ma Zhiping, without the consent of the company.

At the same time, Xiang Ligang's information shows that in the first half of 2003 alone, Ma Zhiping's Sujiang Tianchuang and Yimei Communications owed Jinling Panda 590 million yuan and 162 million yuan in receivables, totaling 750 million yuan.

These arrears, together with the illegal guarantee of 420 million yuan, are a black hole of more than one billion yuan.

Of course, at that time, Panda Mobile had just won the CCTV "Standard King" in full swing, and Yimei Mobile was also living quite nourishingly with the back of Panda, but most of the real funds behind it fell into Ma Zhiping's personal pocket.

But the crisis has long been hidden in it. A big explosion could be triggered at any time.

After Xiang Ligang told the secret relationships behind these things one by one according to the timeline, he took a sip of tea and continued: Maybe after a little longer, and then get some key people, Ma Zhiping's various plans can be fooled sooner or later - many listed companies in Huaguo are so silent and collapsed.

But in 2004, the competition in the mobile phone market suddenly became extremely fierce, and the days of Panda and Yimei became extremely sad, which was beyond Ma Zhiping's expectations.

"The Yimei incident became the fuse. ”

"After the blind expansion of the capital chain was broken, Yimei Communication collapsed directly, which exposed a series of Ma Zhiping's plans. It was all in December of last year. ”

Ma Zhiping's triple role as an investor, general manager and chairman of Sujiang Tianchuang broke through the regulatory barrier of the old state-owned enterprises, and the poor supervision of Jinling Panda Electronics Group in its cooperation with Ma Zhiping and Sujiang Tianchuang enabled him to succeed in a series of schemes. ”

From the moment Ma Zhiping moved into Panda Mobile, he had already taken the first step towards realizing his dream. The second step he took was to take advantage of the integration of Panda Yimei. And the news I got is that his third step will be to join forces with Jinling Hezong Company to acquire Zhongkejian Company."

Xiang Ligang summed it up from the perspective of a unique media person.

"He still wants to finger the Zhongke Jian?" Xia Yu asked anxiously when he heard this, this is also his alternative target.

"There has been a move, but it has not been approved, but this was half a year ago. If it weren't for Yi Mei's accident. It shouldn't be difficult with his ability to operate. ”

……

Such an intricate and shocking game of capital transfer made Yang Chunsheng stunned when he heard it, and Xia Yu fell into deep thought.

These old companies in China are so troublesome! Not to mention monopolizing precious license resources, they don't know how to make good use of them. Instead, it was played around.

To put it bluntly, the domestic mobile phone industry is a capital game.

These gamers don't care about building a real business, let alone a healthy industry. The biggest feature of this game is that it is almost crazy to overdraw a qiē resource chasing profits!

Xia Yu knows that Yimei and Panda today are actually the true epitome of a certain drawback in the domestic mobile phone industry. There are a lot of people who have these problems.

He doesn't care how much money Ma Zhiping has eroded from the state-funded Lingpanda through a few companies, it only has to do with how Polestar can get the technology, talent and licenses he wants.

After quickly sorting out these relationships, he asked: "Is the rumor of Ma Zhiping's arrest true? Is there anyone on the Jinling Panda side who has fallen off the horse? Who is the person who is in charge of them? What is their attitude?"

These questions are critical. Xiang Ligang was surprised by Xia Yu's unique vision, and at the same time, he replied without thinking: "Ma Zhiping is nowhere to be seen now, but he has not been arrested; ”

"As for who they really call the shots," Xiang Ligang circled two circles on the paper with a lot of names just written, and continued: "I'm not sure, but these two people should be the key." ”

Xia Yu and Yang Chunsheng both quickly looked over, and the names of Zhou Zhenyu and Hua Yongqing came into view.

Xiang Ligang explained: "Zhou Zhenyu is the vice president of Jinling Panda Electronics, and also the chairman of Panda Mobile, which is now in turmoil; Hua Yongqing is Ma Zhiping's early business partner, but he has long been exiled because he is unwilling to go with the same stream, but he still has some personal shares, and his influence in Tianchuang and Yimei is not small." ”

"If you really want to wade into this troubled water, these two people can handle it, it won't be very difficult. (To be continued......)

PS: First update. I have to go out in the afternoon and try to bring the second shift at 8 o'clock in the evening.

Don't think the last few chapters are boring, these are real business history situations, and they are also the background for the next wonderful business war story.

Well, please look forward to it, and then ask for a monthly pass!