The afternoon sun shines on the building complex of the Peace Hotel, a century-old hotel located on Nanjing Road. A quiet and leisurely atmosphere spreads in the living room. The hustle and bustle of the street outside could be heard faintly.
Jing Gao left the elegant and bright Liu Sumei to sit for a while. After all, Liu Sumei had almost ruined her hard work and dedication for a period of time and was planning to have a meal with her in the evening. He has a dinner party in the evening, but adding Su Mei is not a big problem.
Jing Gaoxian and his assistants handled the work. Dong Youwei and Nie Yunxi reported to him in turn. Cheng Yu, who had just gone outside to make phone calls and arrange work, also came back.
Years ago, Jing Gao talked with Guan Yujia. The secretarial team compiled a briefing every day, which was about an hour long. He spent about one to two hours reading and processing work every day.
His work has been a little busier recently. Because the biggest problem of Phoenix Group now is that it is "big but not strong".
The only products that can be sold are "Uber", "Phoenix Pay" and "Phoenix Fund".
Phoenix Fund is his reputation in the domestic venture capital field last year! Several of the country's top venture capital firms were severely punished by him because of their conflict with Uber's acquisition of Didi. Phoenix Fund is currently almost at the same level as Alibaba Capital and Tencent Investment Department.
Phoenix Pay developed as Uber became a national ride-hailing giant. At that time, coupled with Uber’s huge subsidies and discounts, it quickly surpassed the national team: UnionPay payment and became the third largest payment tool after Alipay and WeChat.
In view of the poor relationship between Phoenix and Alibaba, there is no Alipay entrance in Uber taxis. The payment interface only has WeChat Pay and Phoenix Pay.
Alibaba is in a lawsuit with Phoenix Financial. Not only did they report to the regulatory authorities, but they also shouted in the media that this was monopolistic behavior and required them to join the Alipay interface.
Jing Gao has seen the opinions of Phoenix's legal department. It is expected that it will be difficult for Phoenix to win. Uber will eventually have to add Alipay to the payment side. But you can give a folded window. Add user steps. At the same time, you can counter-sue Alibaba and request access to Phoenix Pay in its e-commerce field.
Phoenix Pay and Alipay currently have a very high degree of overlap and competition is extremely fierce. Phoenix Payment is actively providing various city services, monetary fund services, and fund purchase services.
Of course, in this business field, we compete with WeChat, Alipay and other payment companies.
Phoenix Pay’s current biggest advantage in competing with Alipay is “subsidies” to quickly acquire customers. The biggest disadvantage is that WeChat and Alipay have first-mover advantages and have many application scenarios in the market.
Moreover, the core of WeChat payment is social interaction. The core of Alipay is e-commerce. Both families have their own unique skills and moats. Phoenix Pay still needs to continue working hard to build more payment scenarios.
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He only owns the above three "products", so even if Jing Gao's net worth is very high according to external estimates, he has "killed" Mr. Ren of Galaxy Group. But his status as a world leader is still watered down.
For example, the China Entrepreneurs Club would definitely not invite Jing Gao to become its vice president. Really juxtaposing him with Erma, Wang Jianlin, Mr. Liu and others, this is a gap visible to the naked eye!
You know, in China's market process over the years, how many richest men have fallen? If you want to be a big boss in the business world, you must have a solid foundation, or basic market.
For example, Li Hejun, chairman of Hanergy Group, who became the richest man in China in 2015, has a very large photovoltaic power generation business, and his net worth soared to 165.5 billion as soon as the company went public. However, he was immediately investigated and punished for illegal transactions, and then became his "first loss".
Therefore, everyone has their own answer to how to measure paper wealth, asset valuation, cash flow, net worth, connections, and influence.
Jing Gao had just killed Galaxy Group in March. When sorting out Phoenix Group's business, he now discovered that he and Alibaba had conflicts in several areas.
For example, the payment field. This is not Jinggao’s core area, but it is Alibaba’s core area besides e-commerce.
Another example is in the field of express delivery. Yuanfang Express, under the name of Fangyuan Group, has currently merged with Ronghe Express. Its asset valuation has reached more than 30 billion yuan, and its business is expanding rapidly. Basically already in the first echelon of the express delivery industry.
Express delivery is one of the core businesses of the e-commerce industry. JD.com builds its own logistics. Alibaba integrated three links and one link to form "Cainiao Logistics".
Another example is competition on travel websites. Xia Shang Cultural Tourism is currently developing very well under the leadership of Shen Jinyuan. Its official website has been "encircled and suppressed" by Ali, but it is still alive, and the number of users has increased.
In terms of reputation, it is rapidly approaching the travel websites owned or invested by Alibaba.
Jing Gao estimated that if he didn't have the absolute confidence to compete in Alibaba and many business fields with unlimited cards, he would probably not be able to sleep well at night.
As Dong Ge from JD.com said, Alibaba deserves respect from everyone for being the first in its industry. In 2017, Alibaba’s reputation on the Internet was still very high. Boss Ma’s nickname is still “Daddy Ma”.
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Therefore, Jinggao currently urgently needs to start up the chip manufacturing business. One is to create a "fist" product and core moat for Phoenix Group. One is to help Phoenix Group stand more firmly in the business world.
He has been spending more time at work recently. Almost, four hours a day. Just like this time.
Everyone sat around a square table in the living room. Dong Youwei took his notebook and pen and reported: "Mr. Jing, the group's investment department has contacted Dr. Zhang Rujing. He is interested in accepting our investment in Xinsheng Semiconductor and is willing to invite us to build a factory in Jinling."
Cheng Yu sat on the right side of Jing Gao and added: "I just contacted Dr. Zhang's assistant, Ms. Wang Yan, on the phone, and we made an appointment to have dinner at a restaurant in Zhangjiang tonight. We will meet and discuss in detail."
Jing Gao nodded, "Yes. Youwei, please arrange your trip and the connection with Jinling."
"Okay, Mr. Jing."
After a few more questions, Jing Gao looked at the beautiful and elegant 32-year-old Nie Yunxi across the table and said warmly: "Professor Nie, what else do you have to do over there?"
Nie Yunxi looked at the form on her Apple laptop with her watery eyes, and said in a clear voice: "Zuo Hao, the vice president of Phoenix Fund, requests to meet with you. He wants to repay Phoenix Fund for missing out on its investment in Pinduoduo."
Her voice was still so soft and sweet.
Jing Gao said neatly: "Cheng Yu, please make arrangements."
Under the structure of Phoenix Group, Phoenix Fund operates independently. It is equivalent to a venture capital brand. There are 6 investment direction teams. Accept the leadership of the Investment Committee. When Jing Gao talked with Han Wenguang later in the year, he allocated US$10 billion to Phoenix Fund. Coupled with Phoenix Fund's shares in Uber, the financial strength was strong.
The Phoenix Group also has an investment department, which mainly engages in strategic investments, executes Jinggao's investment orders, and manages previous projects invested by Jinggao. This department is headed by Yin Jianzai.
Nie Yunxi chuckled, a beautiful and gentle woman, and said: "Mr. Jing, I haven't finished the report yet. Han Wenguang, the president of Phoenix Fund, also requested to meet with you. He wants to report on the acquisition of Baidu Waimai. In addition, Mr. Li from Baidu It was conveyed through the intermediary Shen Nanpeng of Hongbin China that he wanted to meet and chat with you."
The other people sitting in the living room all knew what this meant. Phoenix Fund's management is infighting.
Liu Sumei sat on the sofa, "Oh" and couldn't help but hold her forehead. She has been in the workplace for a long time, so she doesn't know what's going on?
Jing Gao also laughed angrily, "Okay, call them all to the Magic City later. I'll ask them to confront you face to face. Cheng Yu, you make the arrangements. At the same time, prepare a piece of Pinduoduo information for me. Mr. Li's meeting Push back a little. I'll take care of the internal stuff first."
