Tan Qin invited Jing Gao to the center of the living room and said: "Today we are very honored to invite Mr. Jing Gao from Phoenix Fund to be our guest. Now, we welcome Mr. Jing to talk to us about his views on the future of the online ride-hailing industry. view."
"Bah bang bang!"
There was thunderous applause in the simple and luxurious living room.
Everyone present here are leaders in the virtual economy fields such as finance, venture capital, and private equity. Tan Qin introduced that Jing Gao was invited to talk about the future of online ride-hailing. Nonsense! Do you all know what Jinggao is going to talk about next? Share the cake!
So, thunderous applause. Even a big shot like Shen Nanpeng has a crooked butt. He just wished Uber in person that it would become the leader in the travel field! You must know that he is an important shareholder of Didi. The capital behind Didi has basically surrendered.
Zhou Mingyang, Xie Ying, Chen Ziyuan and others all applauded in the crowd.
Ren Chao smiled playfully in front of the floor-to-ceiling window in the living room. He had seen such lively scenes before when his uncle was traveling. what is this? Moreover, businessmen are very realistic! They support you now, but they will be the ones who disapprove of you in the future.
For example, Shen Nanpeng was chatting and laughing with Jing Gao just now. He was an investor in Shanghai and knew Mr. Shen's style of doing things very well. Standard investment banking elite. Aloof and reserved, interests come first when doing things.
Li Jiacheng calls it "don't make the last copper penny", while Mr. Shen's style is "suck the last drop of blood."
Would you say that such a person would hesitate if he had the opportunity to take a bite out of the well in the future? Will not! So, he watched with cold eyes.
Jing Gao's high school classmate and assistant to the chairman of Fangyuan Group, Shao Sisi, also saw Jing Gao in the crowd like a star holding the moon in his arms. The emotion in my heart is hard to describe.
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…
Jing Gao saluted with his hands in front of the crowd around him.
This is his personal style. He has been severely beaten by society over the years, and suddenly he is sought after by society, but he still has a very clear understanding in his heart. It will definitely float, and this is not based on personal will.
For example, he just thought that Alibaba Capital could become a big brother in the field of venture capital with a mere US$20 billion, so why can’t I? What Phoenix Fund lacks is Alibaba's "ecosystem", but Youdao is "one force can defeat ten"!
What is SoftBank’s ecosystem? There are no soft silver hairs. Masayoshi Son was the same group of venture capitalists in Silicon Valley who threw money at him and scolded him, "You have bad fucking rules."
For another example, he asked Guan Guan to buy a house in the Magic City in the past two days, just like a big dog, he bought it in all major luxury areas. This is floating.
Another example is his thoughts on beautiful women. This is the principle he abides by except for the beauties he doesn't like and needs to reject. For the rest, he really wouldn't mind sublimating the revolutionary friendship with them. Emotionally, he is willing to take care of a few more good women in this life. This is also floating.
But generally speaking, he is still very humble and low-key in his dealings with others.
His character must avenge himself, and what he wants is a clear thought. But he is not the strong character of "Secretary Dakang".
Jing Gao was "anli"ed by An Yi some time ago, Professor Ai. I made a quick update on Professor Ai’s video. Professor Ai's profession is teaching "etiquette". In the 2008 Olympic Games, he coached volunteers.
Many protagonists on the Internet frequently put their hands together and bow in greeting. This is etiquette wrong. Unless you believe in Buddhism or Taoism. Orthodox social etiquette is Confucian!
The left hand is on top and the right hand is on the bottom.
The applause slowly stopped. Jing Gao then spoke and said loudly: "Most of the people here are my seniors, so I won't do the trick, I will just talk about what Uber will do."
Just yesterday evening, Guo Pojun gave Ouyang Wan a rough analysis of the topics that these big figures in the capital circle were concerned about in this financial salon. To sum up, there are three points: First, how Phoenix Fund acquired Didi’s shares.
Everyone knows that there must be a "competition clause" in Didi's investment agreement. To be clear, Didi’s shareholders cannot directly sell their shares to Phoenix Fund. How to solve this problem?
Second, after Phoenix Fund completes its acquisition of Didi, how will it set up this new company? To put it more bluntly, how are the equity and voting rights of the new company distributed? Can’t Phoenix Fund lose control of Uber (China) after acquiring Didi?
This involves the interests of capital. Not all capital is only equity income, not voting rights in the company.
Third, is Uber (China) willing to go public? Capital investment needs to be cashed in and exited. So who will foot the bill?
Is it the American "leek" or the Chinese "leek"?
These three questions are what Jing Gao will talk about next.
Jing Gaodao: "The first question is, how does Phoenix Fund acquire Didi's shares? We are willing to acquire Didi's shares at the current highest valuation of $33.5 billion. We will provide a channel for Didi shareholders who are willing to exit. .
Payment methods are cash and stocks. This valuation commitment is valid for the next month. Therefore, I hope and implore Didi’s shareholders to urge Didi to start merger and acquisition negotiations as soon as possible. "
The subtext is that he hopes Didi's shareholders will put pressure on Didi's management to surrender as soon as possible.
Jing Gao continued: "This brings up the second question, how does Phoenix Fund structure the new Uber (China)? I won't talk much about corporate governance. I'm not good at management either. What I want to talk about is equity, The issue of control.
Phoenix Fund is willing to share the dividends of the company's development with business partners, but it will never allow it to lose control of Uber (China). Before going public, we will sign a concerted action agreement with our shareholders on a voluntary basis. After listing, we will do the design of AB shares. "
It should be noted that before listing, there was no "AB share" gameplay in which one vote equals 10,000 votes. And it should be noted that in 2016, neither A shares nor Hong Kong stocks supported the "AB share" system.
The AB share system for Hong Kong stocks will not be implemented until 2018. A-shares will only be available after the "Science and Technology Innovation Board" is launched.
Idaka added: "So, this is the third question. I hope that Uber (China) can be listed on Nasdaq in the United States. It will bring the ultimate return to the trust of shareholders. Thank you everyone!"
Don't ask why it went public in the United States after rejecting A-shares and H-shares. Remember, this is the era of G2!
Don’t believe what we say to the outside world all day long: Today’s world is a world of one superpower and multiple powers. This sentence is true in the military and political fields! The United States is a superpower! Global hegemon. However, this statement is somewhat flawed in the economic field.
It's G2.
Excuse me, which stock market capitalization is the highest in the world? US and Hong Kong stocks! Why? Our RMB is controlled. Global funds can only come in through Hong Kong Island. This is China and the United States.
So, why don’t you respond to the ups and downs of the economy among those who collectively call A-shares big? We must deeply realize this.
China's economic strength has long surpassed that of the United States. Of course, the revolution is still incomplete and comrades still need to work hard. Because the United States ranked first in GDP in the world in 1894, but it was not the global hegemon at that time. He only became a global hegemon after World War II! It took over the world only after the Cold War.
Therefore, taking history as a guide, we cannot be in a hurry to achieve the great rejuvenation of the Chinese nation.
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Jing Gao's lecture was very brief and the time was very short. But all meanings were expressed in public. It's not that he is so awesome, he suddenly became a speaker. This is scripted! The secretariat led by Guan Guan helped him draft it. Everything is planned in advance.
"Bah bang bang."
There was applause in the living room.
Among the crowd, Zhou Mingyang nodded slightly. This young man who is willing to share his interests is indeed quite capable. Basically in line with the market's expectations for him. Therefore, he will also pull his friends to invest in Uber to help Uber boost its valuation.
Tan Qin, Shen Nanpeng, Xie Ying and others all applauded and nodded, thinking of investing in Uber. This is a very simple business logic. There are two companies in the travel field in the United States: Uber and lift.
Among them, Uber’s financing in June 2016 was valued at more than 60 billion US dollars. So the same story, different market, why don’t American investors or global investors buy it?
You know, Uber's current valuation is only $15 billion. Jing Gao has said that he is willing to share profits, which is equivalent to giving money.
Of course, don’t forget Jing Gaojia’s attributive “partner”. Whether it is a partner of Uber or not is up to Uber to decide. So, do you think Jing Gao is stupid? Will he accept money from anyone? Of course, they, the capital tycoons, are expected to get a certain share.
At this time, Ren Chaoyang asked: "Mr. Jing, you mean to leave only one month for Didi. What if Didi's management delays and the merger is not successful within a month?"
Jing Gao didn’t know Ren Chao, but he seemed familiar to him. He explained with a smile: “The subsidy war between Uber and Didi is still going on. We are also burning money every day. So I hope it will end as soon as possible.
If the merger and acquisition has not been completed within a month. Didi shareholders who are willing to exit can sell their shares to a third-party company designated by our Phoenix Fund at a valuation of US$33.5 billion. "
Jing Gao said it very frankly. The solution is to circumvent the "competition clause". He has completed the acquisition of Bank of East Asia. This bank can be designated as the "receiving" business.
Ren Chao said sarcastically: "Mr. Jing is walking on the edge of the law. 80% of people will sue the court! Didi's management, how do you plan to arrange it? If they make trouble, it will affect Uber's valuation, right? ?”
After Ren Chao returned from studying abroad, he spent two years in the magic city and was still very shrewd. He was unhappy with Jing Gao and would not simply insult Jing Gao. That's too low. Instead, they fan the wind and light the fire. This is how civilized people add trouble!
Chen Ziyuan, who was watching the show, reprimanded impatiently: "What do you mean, kid? Show off how smart you are? If you don't want to invest in Uber, get out."
Ren Chao's anger suddenly surged up, "What the hell do you want to say again?"
Tan Qin came over with a serious expression, "Xiaochao, are you drunk? Be careful!" In his place, he must have an attitude. Otherwise, why would we hold a financial salon?
Ren Chao said aggrievedly: "Uncle Tan, I..." After thinking for a while, he restrained his anger and turned around to leave.
Jing Gao smiled and spoke to this helper. The short and fat little old man nodded, bowed to everyone around, and walked down.
In the hall, thunderous applause sounded again and again.
Guan Yujia wore a light blue professional skirt and flesh-colored stockings. With a figure of 1.65 meters and wearing high heels, she stood in the corner of the living room with a delicate and charming appearance. Looking at the "radiant" young man in the crowd, she couldn't help but show admiration in her eyes. Looking at the mountains and rivers outside the floor-to-ceiling window, my heart is filled with ups and downs.
Let’s take a look at the Magic City today. Whose family dominates the world?
