Zhang Li sent Zuo Hao to the stairs of the presidential suite, and the housekeeper of the suite took him to the hotel lobby and left by car.
Zuo Hao looked at the winter sky in the capital and sighed deeply. It sounds like he is also an "old man" who follows Mr. Jing, but it is obvious that he has fallen behind now. The venture capital industry is really not something that everyone can do! Very high professional level is required.
For him, the only advantage is that the domestic Internet market has entered a mature stage, and there are various applications on the market. The next trend for capital is basically visible. Unicorns won’t suddenly appear!
Phoenix Fund, which has already taken the leading position in the industry, can basically keep its family business as long as it doesn't mess around.
well…
Zuo Hao shook his head at the hesitant assistant who came up to him, got into the car, and asked, "Are there any big financial news recently?" Mr. Jing would definitely not ask him to read international political news.
"Ah..." Zuo Hao was shocked. I kind of understand why Mr. Jing sent him out quickly. It may not be that Mr. Jing is impatient to deal with his affairs. Mr. Jing obviously wants to deal with matters at the Taichu and Phoenix Group levels first. Many of the group's senior executives work globally. Mr. Jing may not necessarily be ignoring the Phoenix Fund and his proposals.
Zuo Hao's mood suddenly became beautiful again.
…
…
Jing Gao hung up An Zhiwen's call, and just as Zhang Li, who was clean and clear, stepped on her high heels and pushed open the study door, she smiled and said, "Brother Jing, sister Ranran has finished talking over there. She and Zhu Yu will come up later." Do you want to arrange lunch?”
"Wait a moment. Something big happened. Xiaoli, come here and help me notify the others." Jing Gao briefly explained the situation. He needs to inform him immediately.
"Ah..." Zhang Li was surprised and called Chen Qingshuang, Zhang Yujia, and Gu Xixi respectively to explain the situation. The secretarial team sent an email in the name of "Jinggao Office" asking the executives of Taichu and Phoenix Group to pay attention.
Chen Qingshuang is now the housekeeper of Yuntu Villa and is responsible for the daily expenses of some of his women. As his assistant, Zhang Yujia also manages a ledger. The two of them will notify him.
Jinggao, on the other hand, wants to call the women he loves and think are at higher risk. First, call Dong Lingxi in Paris and ask her to consider selling the Leeds United club. Angsa can’t be trusted!
Then call Guo Siyue, Xiao Guo and Wei Chenjun in Hong Kong Island. Finally, he called Ling Chuqing who was far away in Jinling.
"Xiaojing, I understand. When will you come to Jinling?" Ling Chuqing's voice was gentle. She now lives in Jinling. Her father pursued an official career in Jinling.
"Miss me?"
"That's right. I also asked you for a peace charm from Qixia Temple in Jinling. It's very effective!"
The corners of Jing Gao's mouth curled up, and her classically beautiful face, 1.72 meter tall body, 36D towering peaks, and a beautiful woman with elegant temperament and bright colors immediately appeared in his mind!
Her charm lies not in her talent in classical literature, but also in her appearance, temperament, and her graceful and plump figure that makes men fall in love with her when they see her. It also lies in her gentle and delicate temperament, which makes people unable to help themselves. I want to protect her and take care of her for the rest of my life. Such a good woman should not have to suffer the sufferings in this world!
She has a special place in his heart! After thinking for a while, he said warmly: "Chu Qing, probably by the end of the year."
"That means there is still more than a month. I will wait for you in Jinling."
Jing Gao hung up the phone with a gentle smile, and saw that Zhang Li had finished the call and was standing beside him slimly, smiling and hugging this clear and beautiful beauty, and took a peck on her smooth and delicate face. Xiaoli and Chuqing are beauties with completely different styles.
Zhang Li's pretty face was slightly red, and with the charm of a new wife, she snuggled into Jing Gao's arms, couldn't help but hugged his neck with her hands and kissed him. After a while, she whispered softly: "Brother Jing..., you want to eat here." Will you leave me?" How could she withstand the teasing of the man she loved? Especially in the sticky stage.
Jing Gao smiled slightly, gently arranging Zhang Li's hair in front of her forehead, looking at her delicate and beautiful face with pink color, sexy lips, and slightly exposed teeth. Some thoughts came to mind. He pressed her forehead intimately, looked into her beautiful big eyes, and said, "Xiao Li, I don't have enough time. I still have to make a phone call."
"Then I'll just lean into your arms like this." Zhang Li said coquettishly.
"Okay." Jing Gao smiled warmly, held her face and lowered his head to kiss her. He put his arms around the beautiful girl and stood beside the desk, gently stroking her round breasts through her slim trousers. While hoarding, he called Ren Jiahui, "Jiahui, have you read the news?"
"Xiaojing, I saw it!"
Jing Gao reminded: "Jiahui, don't go abroad to the Angsa Five Kingdoms during this period. I'm worried about your safety. Do you understand?"
"The Point Guard Is Here"
"I know!" Ren Jiahui protracted her tone, acting a little coquettishly, "You are obviously younger than me, but you still act like an adult. Xiaojing, my second brother is very ill. I have been in the capital during this time. I just didn't go. Looking for you. Don’t blame me.”
"Jiahui, I understand!" Jing Gao said considerately.
Ren Jiahui sighed, "Xiaojing, my second brother's condition is deteriorating and he may not survive the beginning of spring."
What else could Jing Gao say? He and Ren He were enemies rather than friends. He was the one who dismembered the huge Galaxy Group. "Sorry!" The pressure on the Phoenix Fund was also inextricably linked to the Galaxy Group's network. .
Ren Jiahui sobbed and cried, "Yes."
After comforting Ren Jiahui for a while, Jing Gao hung up the phone with a slightly complicated mood. He didn't ask about "Song Yao". This is inappropriate. Whether this person is a relative of Song Fa will be discussed later, and it has no bearing on the overall situation.
The sudden change brought about by the arrest of Mr. Ren's eldest daughter, for him and the entire Taichu and Phoenix Group, all he had to do was avoid it by traveling. There is nothing that needs to be adjusted in business. It is foreseeable that this matter will not end so easily. But it doesn't have much impact on him at the moment. He was prepared.
Jing Gao's thoughts turned to the future strategy of "Phoenix Fund".
Over the years he has been in business, he has always pursued a strategy: stay close to your enemies. Only in this way can we see the enemy's conspiracy more clearly and deal with it calmly.
While Jing Gao was thinking, Zhang Li's cell phone rang. She kissed Jing Gao tenderly and answered the call from Deng Ran, "Sister Ranran, wait a moment, I'll come and pick you up right away." She straightened her clothes and said, "Brother Jing , I’ll arrange lunch.”
"Yes. Xiao Li, I'll make a call and I'll be here in a minute." Jing Gao smiled, patted her bag, and watched Xiao Li go out. Then he called An Zhiwen, "Lao An, what's going on with Phoenix Fund?"
He didn't call Zuo Hao. It can be seen that Zuo Hao is very inclined to be injected into Phoenix Fund. This is contrary to his original intention.
An Zhiwen and Jing Gao cooperated tacitly. In the morning, they were busy with a business reception. Someone from Mellon National Bank came over to discuss cooperation with Phoenix Group.
He smiled and said: "Mr. Jing, I have a general understanding of this matter. My personal opinion is actually to accept external funds.
Let me tell you my reasons. First, Phoenix Fund accounts for its financial affairs independently from Phoenix Group. You allocated 10 billion US dollars to them in the early stage, but they have already spent 7788 US dollars. There is an urgent need to introduce new funds. To maintain the status of the industry leader.
Second, Phoenix Fund uses entirely its own funds for venture capital investment. But it is different from the strategic investment department of Phoenix Group, and also different from the investment departments and companies owned by Alibaba and Tencent. It is equivalent to water without a source.
So, what is the positioning of Phoenix Fund?
If it is responsible for its own profits and losses and has separate financial accounting, it is best to convert it into a private equity fund. Mr. Jing, Hongbin China is actually a private equity fund! Many domestic venture capital companies are like this. SoftBank’s Vision Fund is also raising funds from all over the world.
The proportion of companies that actually use their own funds to engage in venture capital is still very small. All are large companies making strategic investments. Or, just make entrepreneurial investments. "
Jing Gao frowned and said: "Lao An, how did they spend it? I haven't paid attention to the Phoenix Fund for a while. At present, is there still an Internet war in China?"
It was early December 2018, and LeTV had already collapsed visibly. The dust of the taxi-hailing war had settled. How much money can shared bicycles cost? In the battle between Xiangcheng and Meituan, most of Xiangcheng’s funds still belong to him.
The Chibo War has come to an end. The only money-burning capital outlet right now is electric vehicles. There really is no battle to speak of for the rest. Since the domestic review of risks in the financial sector last year, Wanda, Fosun, HNA, etc. have all experienced problems. The domestic capital tide is already receding. So how is the money spent?
An Zhiwen explained: "Mr. Jing, of course there is no particularly big Internet battle in China. But Phoenix Fund is involved in too many fields, a total of six major fields: new retail, O2O and LOT, TMT field (telecommunications, media and technology), Silicon Valley in the United States, Southeast Asia and South Asia, venture capital.
Moreover, when Uber and Didi fought, billions of dollars were consumed. Phoenix Fund is a leading capital in the field of domestic venture capital, with access to a variety of opportunities. So money is flowing like water. As far as I know, Phoenix Fund has invested a lot of money in the field of chip design. "
Jing Gao pondered slightly. He understood what An Zhiwen meant. I also understand that Lao An has some views on Phoenix Fund.
The current "ATF" round of financing in the Internet industry refers to the Phoenix Group or the Phoenix Fund? The two businesses overlap. The outside world is a general term. But as the CEO of Phoenix Group, An Zhiwen of course values the strategic investment department of Phoenix Group more!
However, Phoenix Fund was the country he conquered and the banner he erected. Domestic celebrities are only following me! He didn't want to give up so easily.
"Lao An, in principle, I agree with Phoenix Fund to accept external capital. But I don't want them to come to check the accounts of Phoenix Fund in the end. The people at Dayuan Capital have a problem. Is there any way?"
Aren’t subordinates there to solve problems?
An Zhiwen understood and said with a smile: "Mr. Jing, this is not difficult to handle. Currently, private equity funds are divided into four types: private securities funds, private equity funds, private equity entrepreneurial funds, and other types of funds. You can find them under Phoenix Fund Register a subsidiary and apply for these four licenses respectively. Many domestic venture capital companies now have full licenses.
When investing in projects, good projects use their own funds, while bad projects use raised external funds. Of course, the monthly, quarterly and annual reports of private equity funds will not look good. This is damaging to the reputation of Phoenix Fund.
And management needs to be more refined. "
Jing Gao said knowingly: "So, the Phoenix Fund has become a private equity fund in name, but in fact it is just four private equity companies under it, and it can also charge management fees. The main body still follows my wishes."
An Zhiwen smiled and said, "Yes."
Jing Gao said with satisfaction: "Okay, let's do it like this. I will send another 2 billion US dollars to the Phoenix Fund. Let them save some money this time. You talk to Zuo Hao!" His loyalty to Zuo Hao I don’t doubt it, but I still have some doubts about its level.
As Phoenix Fund's industry status and scale have grown larger and larger, the problem of Zuo Hao's ability has become very prominent.
Seeing that Jing Gao was about to hang up, An Zhiwen quickly asked: "Mr. Jing, how can we clarify the positioning of Phoenix Strategic Investment Department and Phoenix Fund?"
Jing Gaodao: "Lao An, the Strategic Investment Department is a strategic investment, which basically needs to be held. Phoenix Fund is positioned as a venture capital, focusing on making money and expanding cross-industry influence. There is no conflict between the two. .
You understand it as the strategic investment department of Hongbin China and Tencent. Both operate in parallel. Think of Meituan’s acquisition of Mobike. "
In April 2018, Mobike was acquired by Meituan for US$2.7 billion. All venture capital funds originally invested in Mobike were withdrawn with profits. Meituan paid to get the traffic portal of shared bicycles.
This is the difference between venture capital and strategic investment.
"Okay! I understand." An Zhiwen nodded in agreement with Jing Gao's idea. Well is always the boss, the boss has the final say.
…
…
After hanging up the phone, Jing Gao finished his work and walked out of the study. At this time, Zhu Yu and Deng Ran had already come up. The dining room was already covered with tableware and lunch was ready.
"Brother Jing..." Everyone greeted Jing Gao one after another.
