Located next to Changping Future Science and Technology City in the northern suburbs of Beijing, the Chateau Lafitte is a well-known resort hotel in Beijing. It is divided into castle hotel and hot spring hotel.
Phoenix Fund is famous in the Internet world. Nowadays, Internet company financing is not called "BAT" round, but "ATF" round.
Phoenix Group is now an Internet giant. Although the core business is taxi-hailing business: Uber seems to be less interesting than Alibaba’s Taobao, Tmall, Tencent’s games, and WeChat. But it's not.
Uber holds 93% of the domestic taxi market and is equivalent to a monopoly. The cash flow of this business is still very stable. Then there are businesses that Internet giants have: third-party payment, long video websites, games, film and television companies, cloud computing, internal social tools Fetion, venture capital, and Phoenix Group.
Moreover, Phoenix Group also controls Sina and Weibo. Together, these businesses are enough to support Phoenix Group’s status as an Internet giant!
Of course, Phoenix Group still lags behind Alibaba and Tencent.
Alipay is very popular now! It is said that after listing, it will become the world's largest IPO. The water here is too deep, so it’s hard to say much.
Zuo Hao, the president of Phoenix Fund, was 44 years old at the time and was in the lobby of Chateau Lafitte Hot Spring Hotel. He called Mr. Jing to ask for a meeting, and the call was naturally answered by Mr. Jing's assistant. Of course, his people are already waiting at the hotel. This is your duty as a subordinate.
Nowadays, it is rare to see Mr. Jing in person, and we basically rely on internal emails to maintain communication. Mr. Jing also no longer attends the annual meetings of various groups and does not accept interviews from the outside world. It's a bit like the Ming Dynasty emperors who used official documents to govern the country.
A moment later, Assistant Zhang called, "Mr. Zuo, come here! When you get to the hotel lobby, the butler in the presidential suite will bring you up."
"Okay, Assistant Zhang." Zuo Hao hung up the phone, rubbed his face vigorously, tried his best to keep himself in a good condition, and stood up. Phoenix Fund needs to re-formulate its future strategy.
…
Zuo Hao arrived at the presidential suite on the 6th floor under the leadership of the butler of the hotel's presidential suite. Four young and beautiful girls are sitting on the sectional sofa in the living room. Naturally, Zuo Hao would not look at their appearance or figure, nor would he be amazed. Mr. Jing's romantic style is well-known throughout the world!
Zhang Li, who was bright and clean, stepped on high heels and took Zuo Hao to the study room, "Brother Jing, Mr. Zuo is here."
Jing Gao was flipping through the Phoenix Fund's information behind his desk. There was a thick stack of information that Zhang Li had given him. "Lao Zuo is here? Sit down!"
"Okay, Mr. Jing." Zuo Hao sat upright in the chair outside the desk like a primary school student.
"What situation must I handle? Tell me." Jing Gao closed the document in his hand and asked directly.
Zuo Haohui reported: "Mr. Jing, the main business of our Phoenix Fund is venture capital, and we are not a fund company. We use our own capital. But now as the Internet burns more and more money, and Phoenix Fund It is a separately accounted subsidiary, unlike the Phoenix Group's strategic investment department, which can be funded by the Phoenix Group.
Now I need to ask you for your instructions whether to change the Phoenix Fund to a private equity fund?
First, we can absorb more funds from society and continue to maintain our leading position in the field of venture capital.
Second, because our performance is very good, some people have suggested that we change to a private equity fund. They want to buy our fund shares and share our profits. "
Jing Gao sneered, patted the thick documents in his hand, and said casually: "Lao Zuo, you don't need to be secretive in front of me. Some people? Who are the people who are interested in my business? Tell me your name!"
Zuo Hao suddenly felt huge pressure on his face and replied: "BlackRock, Goldman Sachs, Morgan Stanley. There are also some domestic capitals."
"Haha, those people on Wall Street! Why, Hongbin China, Gaoling Capital, and IDG don't have enough investment for them?" Jing Gao knew what was going on when he heard the name, "Who are those people in China? Shen Nanpeng and Zhang Lei jumped into the rebellion. Already?"
Zhang Li brought tea in and was slightly stunned when he heard the names. These are all famous names in the business world, but in Brother Jing's words, they seem to be just that.
"Thank you!" Zuo Hao took the hot tea and explained with a wry smile: "Mr. Jing, that's not the case. The main reason is that our Phoenix Fund has overwhelmed Hongbin China and Hillhouse Capital in China. They are basically following us. Invest later. Most of the money is taken by us. The ones taking the lead in putting pressure are some capitals from Shanghai."
Mr. Injing almost suffocated the people from Hongbin China and Gaoling Capital to death during the merger of Uber and Didi a year ago. Those people are extremely polite to Mr. Jing now. Basically just stay away. It is said that Shen Nanpeng himself is very good in front of Mr. Jing.
In the two years since he took charge of Phoenix Fund, he has actually received a lot of dividends from Hongbin China. He joined all the new car-making forces.
"Are they Feng, Zhong, Fang, and Wei?" Jing Gao sipped his tea and said disdainfully: "Feng Xinjian dares to betray me?"
Feng Xinjian is Feng Xuehua’s father. He cooperates with the Feng family in one of the top clubs in the Magic City, "Shuyun Club".
Zuo Hao said quickly: "No. Mr. Jing is an investment company established less than 2 years ago, called Dayuan Investment. The person in charge is a returnee expert who graduated from Harvard and has experience in many Wall Street investment banks. His name is Song Yao.
This is just the person in front of the stage. It is said that some of the capital behind it is from Magic City, such as Liu Shaojun, the boss of Jingming Group, and Zhou Mingyang, the boss of Mingyuan Group. There are also capitals from Jiangsu and Zhejiang, such as Alibaba Group. Chaoshan’s capital: Baoneng Group. There are both Hong Kong and foreign capital behind this.
He and I had dinner several times. I hope that the Phoenix Fund will be changed into a fund for everyone to subscribe to. "
Jing Gao shook his head, gestured to Zuo Hao, picked up his cell phone and called his good friend Tan Qin in Shanghai, "Mr. Tan, there is such a thing..." He briefly explained the situation and said calmly: "
Logically speaking, I shouldn't be too sensitive about business matters. After all, the circle is so big. Song Yao from Dayuan Investment advised the professional managers under me to communicate normally. But I am a more sensitive person. What’s the situation behind this big investment? I sense something is wrong. "
Tan Qin smiled bitterly and said: "Mr. Jing, I have been entrusted and am preparing to leave for the United States to learn about the situation. Have you not watched the news in the past few hours?"
"No! I didn't read the news online last night until this morning." Jing Gao said.
He was at home in the courtyard last night with his pregnant wife Li Mengwei. After Weiwei became pregnant, she had stopped her postgraduate courses, but still taught mathematics part-time at Jiaxin High School to concentrate on raising her baby.
He went to Yuntu Villa in the morning to spend some time with Concubine Qingshuang to find out if there was any situation at Yuntu Villa that he needed to deal with. Then he took his assistant Zhang Li to the Chateau Lafitte Hotel.
Tan Qin said: "Something big happened! They used the same trick when they cracked down on the French giant Alstom in 2012 and detained Alstom's executives."
The time difference between Beijing and Vancouver is almost 15 hours. It is now around 10:30 a.m. on December 2 in Beijing. Over in Vancouver, it was around 7:30 pm on December 1st.
Damn it!
Jing Gao was also quite shocked. Of course, he had already anticipated what kind of virtue Angsa was. So since he took his beloved wife Li Mengwei and his confidante Chen Yujie to the United States last summer, he has never set foot in Angsa's territory again.
He only went to France later. Leeds United, the Premier League club purchased in the UK, performed well in the first half of this year. Under the leadership of head coach Bielsa, they qualified for the Europa League. He left all these matters to Dong Lingxi, chairman and CEO of Zhaoshi Group, who works in Paris.
Moreover, his companies are trying their best to delist from the US stock market and switch to Hong Kong stocks for listing.
"Mr. Tan, you have to do your business first. This matter... is a shocking change! You go to the United States and pay attention to your safety!"
"Mr. Jing, thank you!" Tan Qin muttered for a few seconds and said: "Mr. Jing, have you ever heard of such a saying? When you choose your friends, you choose your enemies. As soon as I heard the list of names you listed , the same view as yours.
By the way, this big dollar investment is very inconspicuous! The scale is estimated to be less than US$500 million, and I haven't even noticed it. Otherwise, I would definitely tell you first.
I generally know that Liu Shaojun’s family has a close relationship with the Wei family. Mr. Yao of Baoneng is probably very unhappy because of your previous stance in the Baowan dispute and disrupting the situation. This Song Yao, I have some impression, may have something to do with Song Fa, the personal assistant of Mr. Ren of Galaxy Group. You'll know if you ask. I will check the relationship behind Dayuan Investment carefully for you when I come back. "
I won’t talk about Alibaba’s capital and Zhou Mingyang. The relationship with Jing Gao has long been in a mess. Recently, Jing Gao has been focusing on Alibaba’s entertainment industry!
"Mr. Tan, thank you. When you return home, I'll treat you to a drink."
"Haha, okay!" Tan Qin smiled and hung up the phone, thought for a moment, and went about his business. He is usually taken care of by his uncles. With such a shocking change, he naturally has to contribute to see what the other side of the sea thinks.
Huawei is not just a private company. Instead, it represents China's high-tech companies.
…
Jing Gao hung up the phone, feeling a little anxious. It’s not that I feel urgent about Dayuan Investment. After all, these are old acquaintances! He wanted to quickly inform all his executives that business trips and travel to Angsa's territory were prohibited. Especially Dong Lingxi, he wanted to notify. Because she goes to Leeds once a month to sit on the board of directors of Leeds United Football Club.
Jing Gao said to Zuo Hao, who was still standing outside the desk: "Lao Zuo, I know about this. You go back first and I will give you an answer in two days. I am busy now. You will know after watching the news."
"Oh, okay, Mr. Jing!" Zuo Hao stood up and left. He realized that Mr. Jing would not listen to his suggestion and change the Phoenix Fund to a private equity fund.
"I Have a Picture Book of Ghosts and Gods"
He is actually under pressure. One is that he is not a top venture capital executive. His performance was not very good. It was entirely supported by Mr. Jing's connections and funds. In fact, he is half as good as Shen Nanpeng. He does not stay at Phoenix Fund, but goes out to start a business.
In addition, the Phoenix Fund is about to run out of funds. After more than two years of venture capital, billions of dollars have been burned. The Phoenix Fund's reserve funds are running low.
This frustrated him.
Zhang Li sent Zuo Hao out of the presidential suite on behalf of Jing Gao.
Jing Gao dialed the number of his right-hand man, Phoenix Group CEO An Zhiwen, in his study: "Lao An, please inform me that all senior executives of Taichu and Phoenix Group do not recommend business trips or travel to the territory of Angsa Five Kingdoms. .”
