0404 Business overlap
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Although the high-level meeting will be in the evening, it will not hinder Eric? Schmidt, Andrew? Freeman, Tsai Chongxin and Song Chen's close lover held a small core meeting to reach some consensus before tomorrow's conference.
The Presidential Suite at Grand Hyatt Hong Kong is luxurious and spacious, with Southeast Asian ethnic style; The space of more than 200 square meters is divided into different functional areas, living room, bedroom, indoor golf, plunge pool, bar, balcony and sun umbrella...... The whole nine yards.
"Sit down!" Song Chen handed the briefcase in his hand to Zeng Qian, and then made a "please" gesture to Sha, who was clear at a glance in the living room, and motioned in English for them to sit down and talk.
"Thank you!"
Zeng Qian was just about to leave with Song Chen's briefcase, but Zhai Yue, who was sitting next to Song Chen, ordered: "Ah Qian, you two help us make a few cups of coffee!" β
"I want tea, thank you!" Sitting on the luxurious double seat, Wang Xiaoxue casually ordered, and it was Xu Xiaoying who sat next to her.
"Okay!" Zeng Qian smiled and nodded, then glanced at Fan Xue and walked towards the small bar in the suite.
After Cai Chongxin sat down, Song Chen looked at him and said in English, "Is it already determined that you can't achieve your goal?" β
Cai Chongxin knew that Song Chen didn't want Schmidt and Freeman to feel out of sight, so he communicated in English, and while sighing about the boss's carefulness, he said: "After acquiring the share capital of Wanda Fund, the shareholding of the remaining shareholders of Tmall.com will increase accordingly, and eBay will naturally become the largest shareholder after Wanda Fund!" Unless Whitman is willing to sell shares to us, we will not be able to accomplish the stated purpose of holding! β
Song Chen leaned on the sand and sighed: "I didn't think that Wang Yuanyi, the former chairman of the Wanda Fund, would be obsessed with the events of that year, otherwise Wang Zhiyong would not have made such a decision to lose 800 yuan when he knew that there was still a surplus in selling the shares to us!" β
Song Chen's family history, Eric? After all, Schmidt had done research and knew that it was not Masayoshi Son who made the initial decision to invest in Alibaba. It's the Wanda Fund. It's just that the price can't be negotiated. The two parties eventually broke up!
Of course, Song Chen was very lucky, and then waited for Sun Zhengyi, who was rich and powerful, and spent a lot of money!
Jack Ma's biggest passivity today. It's just that "luck".
Like Zhai Yan and many other high-level executives, Eric? Schmidt and Andrew? Freeman did not endorse the acquisition. However, Schmidt is a relatively deep person, and his personality is not as strong as Song Chen, and he will not give direct advice even if he opposes it. And Alibaba Group is not a company he manages after all, so he didn't say anything. Due to financial sensitivity, although it has nothing to do with his own responsibilities, Freeman is still surprised and said: "Taobao and Tmall's businesses overlap, and they have been established for about the same time, but the funds and resources cannot be compared!" Taobao has Baidu's marketing promotion plan, Chenxing Network's banner display advertising resources, and C.{0,10}O.{0,10}M's traffic import value is huge...... Coupled with the high-quality resources of other subsidiaries, it seems that BOSS does not need to acquire Tmall Internet Cafe at a premium? And I don't think eBay will default to our annexation of Tmall! β
"I need time! Money can't make up for the time of 'first advantage'! Just like those followers behind us, before the NASDAQ crash. If we talk about strong capital, there are a bunch of VC competitors standing behind us, which are not inferior to us! Song Chen shook his head. sighed, "Forget it, it's so far, I can't say anything about it, and now I hope that eBay will annex Tmall.com as much as possible!" β
How do you say that? Eric? Schmidt and Andrew? Freeman glanced at each other, all stunned, even the four women Zhai Yan, Zhai Yue, Wang Xiaoxue, and Xu Xiaoying also showed a thoughtful expression.
Zeng Qian and Fan Xue each walked over with plates of coffee and tea, put them on the coffee table and let the people present choose according to their tastes, and then the two of them silently left the suite, leaving the space for these highest-level heads of Chenxing Holdings.
Not wanting to talk about Tmall anymore, Song Chen said to Freeman: "After the stock market crash, most of the thousands of listed companies listed on the NASDAQ will face the risk of being delisted due to poor performance, investor lawsuits, economic scandals and other things!" In the next few years, it will be the ** of capital mergers and acquisitions, Freeman, the list you drew up before, I have seen the fax, after the end of this summit, if there is a good table, you should contact as soon as possible, don't let people take the lead! β
"I'll keep an eye on it!" Freeman nodded in understanding, then hesitated, "Boss, will this summit involve business restructuring?" β
Song Chen was stunned for a moment: "Why do you ask that?" β
Glancing at the charming woman next to Song Chen, Freeman muttered: "This capital merger and acquisition seems to be dominated by Chenxing Network and 8848, however, the business involved in Chenxing Network seems to coincide with goog1e's portfolio!" β
Song Chen shook his head: "I hope that Chenxing Network is aimed at the consumer market, and goog1e, I hope he can pay more attention to the enterprise market!" Of course, because the users of the two companies are highly overlapping, we will appropriately strengthen the business relationship between Chenxing Network and GOOG1E through guΓ² capital operation in the future! Of course, out of the need to consolidate technology and patents, goog1e also needs to pay attention to new technology upstarts, which are currently mainly focused on investment in the number of centers! β
Eric? Schmidt and Andrew? Freeman nodded.
Because goog1e is not a listed company, this time up to nearly a billion dollars of the number of the center project has brought a lot of pressure to large and small shareholders, especially Yahoo, because of the deterioration of the capital environment, coupled with the constant hostility of the board of directors to goog1e, this time goog1e threw out the number of the center plan, Yahoo board of directors is very likely to sell goog1e's share capital!
This not only made Song Chen happy, but also made him feel faintly lost, once Yahoo chooses to sell Goog1E's equity, coupled with most of the depositary receipts of Chenxing Network that were sold before, Yahoo will inevitably become enemies with Chenxing Holdings, becoming a strong competitor of Chenxing Network.
Freeman asked softly: "During this time, founders and fund managers from all over Europe and the United States came to visit and ask for help, you see?" β
"After this summit, you draw up a list, first show the person in charge of the subsidiary if there is a need, if there is any, let me see, if not, forget it!"
Song Chen's answer made Freeman breathe a sigh of relief.
I have to say that it feels really good to have cash in hand, and he laughs: "I see! β
When it was Tsai Chongxin's turn, he said: "163T is seeking to be sold, and the chairman of Feihua is in the hotel now, do you want to see him?" β
163tοΌ This website Song Chen is very familiar with, the first free email he registered in his previous life was 163t, and it was also one of Song Chen's first favorite portals.
Although email technology is not the core technology of 163T, China's first free email system has attracted a lot of users after all, and its content construction on the portal is quite good, which should be said to be a very good asset!
However, if you make an acquisition now, you cannot maximize your profits; And if it doesn't make a move, 163T should be acquired by Tom soon, right?
Just when Song Chen was undecided, Zhai Yan beside him said softly: "This matter is not in a hurry!" Mr. Cai, wait a minute, I will tell the other party, after the summit, we will formally discuss with them! β
Song Chen didn't say much when he heard this, just nodded: "That's it, wait until I have time!" β
This involves a long-standing controversy between Yao Hua and Zhu Tiejun!
As we all know, the user stickiness of search engines is very low, which depends on the strength of manufacturers such as Baidu goog1e, such as responsiveness and accuracy...... Zhu Tiejun hopes that Baidu will have email technology to improve user stickiness; Yao Hua also has high hopes for QQ, because QQ is about to set foot in the portal, which inevitably involves the problem that Freeman just mentioned: business overlap.
This made Song Chen very distressed, so he did not authorize goog1e to hand over the gmai1 technology to Baidu or any party of Chenxing Network.
Considering that Robin Li did not show his e-mail technology when he was in the prime of life in later generations, this set of dΓΉ shows that e-mail technology is not particularly helpful to search engines, so Song Chen is inclined to let QQ take over GMAI1 technology!
Thinking of the hideous nature of the fat penguin "teeth and claws" of QQ in later generations, Song Chen made another decision.
"Let's do it first!"
Eric? The three of Schmidt got up and said goodbye: "Then we won't disturb your rest!" β
After they all left, Xu Xiaoying said softly: "Ah Chen, even if it is optimistic, Chenxing Network needs at least 200 million US dollars in M&A funds this time, although the company's book funds are sufficient, but it may make the company's funds tight, what are you going to do?" β
Wang Xiaoxue covered her mouth and said with a smile: "Xiaoying, people can't wait to use up the funds of Chenxing Network and let your company's stock price fall into penny stocks!" β
Zhai Yue and Zhai Yan picked up the teacup and looked at each other, both smiling.
In the case that the market value of Internet companies is generally overvalued, Chenxing Network's "anti-market operation" will inevitably cause further hesitation and suspicion among investors, and it is inevitable that the already depressed stock price will fall again!
Smiling, Song Chen said: "Don't worry about the problem of funds, just let Chenxing Network increase shares to us!" β
Zhai Yan pondered for a while, put down the teacup and said to Song Chen: "Although we are the majority shareholder of Chenxing Network, it is better to reach a consensus with Son Masayoshi, otherwise I am afraid of causing a backlash from Wall Street!" β