"Keny, it's a pleasure to meet you, please be seated. Pen "Fun" Pavilion www.biquge.info"

Lin Feng smiled and shook hands with Cao Li Qing.

"Mr. Lin, thanks to the invitation, there will be an extraordinary general meeting of shareholders tomorrow, you are looking for me now...... , Is there anything important that needs to be discussed?" Cao Li Qing also smiled, shook hands with Lin Feng, and sat down.

He was originally a free-spirited person.

Lin Feng smiled, Cao Liqing's attitude was obviously better than expected, it seems that Tencent's founder team is no longer as resistant to Fengxing as it was at the beginning.

"Keny, we're getting straight to the point, I've always wanted to have a way to talk to Pony, Tony, you. It's just ......" he spread his hands a little helplessly. "You know, the popular acquisition is not very kind after all, so I understand your feelings very well, and the previous period was not a good time. ”

This sentence immediately aroused the anger of Cao Liqing: "Mr. Lin, I personally respect Fengxing Company and you very much, but we are very angry about Fengxing's hostile takeover of Tencent! I may not say it well, but this is definitely a very bad sneak attack!"

Lin Feng shook his head: "Keny, I can't agree on this point. Business has its own rules, and the acquisition of competitors is one of the strategies and means. ”

"Tencent's founding team lost its status as the largest shareholder before going public, and this is Tencent's biggest weakness. You can't expect your competitors to turn a blind eye to your weaknesses, can you?"

"Keny, let's move forward together. Perhaps looking at this matter from another angle, you will find that the current situation between Fengxing and Tencent is not a bad thing for Tencent, but it is possible to achieve a win-win situation. ”

Cao Li Qing tried to calm his anger, and he also knew that it would be useless to say this now.

The question is, what should be done next?

"Mr. Lin, if you have any ideas, you need me to convey to Pony, I would like to hear about it. ”

Lin Feng smiled: "My idea is very simple, to reach a settlement with Tencent's management, and Fengxing, as a major shareholder of Tencent, will get a reasonable board seat, including electing me as the chairman of Tencent's board of directors." …… I promise not to change the current management structure of Tencent, and to respect the management rights and leadership of Pony and the founding team in Tencent. At the same time, as the chairman of the board of directors of the two companies, I will promote the formation of a strategic partnership between Fengxing and Tencent to cooperate in a number of businesses. ”

Cao Liqing shook his head: "Strategic cooperation? Mr. Lin, why does Tencent want to cooperate with Fengxing? Now Tencent's development momentum is very good, we have 300 million QQ users, and we are developing rapidly in the field of wireless and Internet value-added. ”

"Oh, really?" Lin Feng smiled disapprovingly.

He picked up the cigar box on the table and lit one, pushing the humidor to Cao Li Qing, who also picked one up and lit it.

Smoking a cigarette helps him calm down and think more calmly.

"Keny, let me help you analyze Tencent's current situation!"

"Let's talk about wireless value-added services first, Keny, you are the person in charge of Tencent's wireless business, and you should know the attitude of operators after the introduction of the new regulations of the Ministry of Information Industry. As far as I know, by the end of this year, the agreement between Tencent and the mobile 161 chat project should expire.

"Let's talk about the Internet value-added business, Tencent's core product, QQ. ”

On June 29, NetEase's Ding Sanshi held a press conference in Beijing to promote NetEase Bubble in a high-profile manner; three days later, Microsoft's Bill Gates announced in Beijing that it would increase MSN's efforts in China, and at the same time Microsoft is establishing MSN's Chinese market and R&D center; Yahoo launched Yahoo Pass version 6.0, integrating Yahoo search, online photo albums and a variety of interactive games; Sina acquired Langma UC; in addition, Sohu launched SoQ, 263 launched E-call, Netcom launched Instant Messaging every day, and even Alibaba, which does trade, has launched Tradelink ......"

"Don't you think this is a collective encirclement and suppression action by companies in the whole industry against QQ?"

"Tencent's current situation is far from being as good as you see!"

Lin Feng took a leisurely puff of his cigar.

"By the way, there's also FF (Feifei) from our popular company...... In the core QQ business, Tencent is facing many opponents and crises. …… So I think Tencent now needs the support of its allies, which are now major shareholders, to be popular!"

Lin Feng waved his hand domineeringly, and said proudly: "As long as Tencent and Fengxing join forces, these opponents are not a problem!"

"Fengxing has many content businesses such as online games that Tencent currently lacks, and Tencent has the largest QQ user base in China. If the two of us cooperate, such as doing game joint ventures, such as jointly creating a huge Internet community for users, and providing users with diversified one-stop online life services, it will form a complete closed loop that cannot be broken and defeated by anyone!"

His words made Li Qing's face change slightly.

These ideas have also been discussed internally by Tencent these days, and they have analyzed why Lin Feng wants to acquire Tencent.

Basically, the final summary of the idea is similar to what Lin Feng is talking about now, Lin Feng is eyeing QQ's user base, hoping to use the huge number of users to find more monetization channels for his current content business.

However, what they speculate is that after Lin Feng acquired Tencent, he reorganized Tencent and merged with Fengxing.

Lin Feng has now put forward a new idea, and the two sides will establish a strategic cooperative relationship to achieve it together through cooperation and joint ventures......

After a pause, Cao Liqing asked, "Mr. Lin, what will you do if we don't pass the revocation of the board of directors rotation system at tomorrow's shareholders' meeting?"

Lin Feng shook his head: "I think you guys, including Pony, shouldn't be so unwise! You must clearly understand that Fengxing Company is now a single absolute controlling major shareholder holding more than 60% of the shares!"

He laughs: "Throughout the history of business at home and abroad, there has not been a management or board of directors that has had good results after opposing the controlling major shareholders...... I don't even need to do much, just veto every major issue will cause serious problems for Tencent's development. In fact, even if you don't revoke the board of directors, I can hold a shareholders' meeting again and get control of Tencent little by little by putting forward proposals. ”

Lin Feng finally shook his head and concluded, "Keny, there is no point in confrontation. Reconciliation and cooperation are win-wins. ”

Cao Li Qing was speechless.

Fengxing holds more than 60% of Tencent's equity, this is Lin Feng's biggest hole card, even if it is a bright card on the table, Tencent has no choice!

Let's talk about some realistic conditions!

"Mr. Lin, Pony is worried that after you enter the board of directors of the company, there will be a large-scale reorganization of the board of directors and the existing management. What kind of sincerity can you give us in this regard?"

Although he had already obtained Lin Feng's attitude through an intermediary before, Cao Li Qing still wanted to hear what Lin Feng himself had to say.

"You can rest assured of this, Keny, you can relay my words to Pony (Ma Huateng) and Tony (Zhang Zhidong) after you go back, I appreciate Tencent's founding team and existing management very much, you are a group of excellent entrepreneurs and teams with technology, feelings, dreams, and strong execution. Tencent's development to the present is entirely created by you. I'm not sure I'd do better than you if I were myself!"

Lin Feng laughed and said: "Otherwise, why would I spend billions of Hong Kong dollars to acquire Tencent? I recognize your value and respect your efforts and efforts to Tencent." I can solemnly promise you here: after I join the board of directors of Tencent, I will not interfere in the specific operation of Tencent unless it involves major decisions related to Fengxing. In other words, I will not change the management of any company and I will not restructure the board of directors. Pony continues to serve as Executive Director, CEO of the Company. Tony also continues to serve as the Company's Executive Director, CTO. ”

"I can sign a memorandum on this. In other words, unless the business decisions made by Tencent's management cause great damage to my own interests and that of Fengxing Company. In other companies' business matters, I will continue to act in concert with Pony. ”

Cao Li Qing is overjoyed!

This is already the best condition he can think of!

Lin Feng's willingness to make such a commitment under the premise of holding an absolute controlling stake does indeed show his optimism and sincerity to Tencent's founding team and existing management.

"So, you mean that you only need to get a seat on the board of directors and be willing to sign a concerted actor agreement with Pony without harming you and the interests of the company, and still give him and the founding team the right to run the company?" he asked again, somewhat uncertain.

Lin Feng smiled and gave his affirmative answer.

"Keny, you understand it right, yes!"

"Okay, I'll go back right away and relay your words to Pony!" said Cao Liqing excitedly.

Lin Feng also stood up and stretched out his hand: "Tell Pony that what I bring is friendship, not war." ”

…………

16 August 2004, 2 p.m., Hong Kong. Tencent's Extraordinary General Meeting of Shareholders.

Media flocked across the country.

This acquisition, which has been under the attention of countless public opinion and lasted for more than two months, seems to have a clear result today!

In terms of popularity: Lin Feng, CEO and chairman of the board of directors of Fengxing Company, Zhang Zhijiao, COO, and Zhao Yihua, director of investment and mergers and acquisitions, attended the meeting.

Tencent: Tencent CEO, Executive Director and Chairman of the Board Pony Ma, Executive Director and CTO Zhang Zhidong, Independent Non-Executive Director Li Dongsheng, Independent Non-Executive Director Ian Charles Stone, Independent Non-Executive Director Iain Ferguson Bruce, Company Secretary Susan Lau attended the event.

Because the two parties hold nearly 97.8% of the shares, there are not too many minority shareholder representatives present at the scene (in fact, because the proportion is too small, it does not have the slightest impact on the voting results)

The on-site media found that both Fengxing and Tencent had smiles on their faces, and it didn't seem to be as tense as the media had predicted.

Even when the two had just entered the venue, Lin Feng walked over and shook hands with Ma Huateng and talked in a low voice.

This seems to indicate that the atmosphere of today's shareholders' meeting will be more harmonious.

Sure enough, in the subsequent vote on the issues raised by the popular company. The Tencent team, including Ma Huateng, voted in favor!

Only then did the media understand that the two had already reached an agreement in private!

In the end, with 100% of the votes in favor, Lin Feng, Zhang Zhijiao, and the former director Roux successfully obtained the vote at the shareholders' meeting and were elected as directors of Tencent.

At 4 p.m., as is customary, the Board of Directors will meet within a few hours of the completion of the vote to discuss the results of the shareholder meeting.

At 5 o'clock in the afternoon, Lin Feng and Ma Huateng jointly held a press conference to announce the results of the re-election of the board of directors and accept questions from the media.

The Tencent acquisition war, which has been staged for more than two months, has finally come to an end.

Lin Feng was elected Chairman of the Board of Directors of Tencent Holdings.

The Board of Directors continues to appoint Pony Ma as Executive Director and CEO of the Company, with overall responsibility for Tencent's operations.

At the press conference, Lin Feng expressed his full trust in Ma Huateng and Tencent's management team, and said that he would do his best to promote more strategic and business cooperation between Fengxing and Tencent's two major Internet companies.

This acquisition drama seems to have a happy ending......