"Oh?" Jing Gao took a sip of tea and extended his hand to signal. He is quite optimistic that Phoenix Pay will support the future of Phoenix Group after taking over Uber's taxi business.
After all, Alipay’s current financing valuation is calculated at the trillion-yuan level. This is no secret in the business world.
Although he adopted a "following" strategy, that is, following Alipay. Financial innovation is something he can do without touching. It's better to follow behind and drink soup than to make a mistake and get killed. He is as conservative as WeChat Pay. In the early days, he was mainly based on meeting the business needs of his own group.
Just like many Internet companies now have their own payment tools. No one wants to hand over their business’s payment data to someone else. When the war between cats and dogs was intense, Dongzi directly banned Alipay. He doesn't want his opponents to see his data, and it hasn't recovered yet.
However, as Uber continues to weaken, Phoenix Group urgently needs a strategic business to support it. Currently, Phoenix Pay occupies a great advantage in many small third- and fourth-tier cities.
So Jinggao has high hopes for this. As long as Douy dares to open up the payment interface, he will have the confidence to seize a large number of users with its low-price strategy and cultivate their payment habits.
An Zhiwen had obviously thought about the overall situation and said unhurriedly: "Mr. Jing, of course Phoenix Pay can rely on its low-price strategy to open a gap on the Douyy platform, but as long as our relationship with Douyy changes, , this payment interface is likely to be banned. Our users may be lost.
This is like water without roots. As the manager of the group, I cannot place my hopes on it. On the contrary, game platforms and game development are long-term businesses that can bring stable cash flow. My opinion is to focus our cooperation on this. "
Jing Gao pondered for a while and said: "Okay, Lao An, I listen to you. The focus of our cooperation with Douy is on driving traffic to our games! I will talk to Liao Rong to increase support for Tiangong Games. intensity.
But I still want to give it a try when it comes to payment. Even if it is in vain in the future, it will always gain a group of users. It’s just that the price is a bit high. "
As Lao An said, once Douy shuts down the payment interface, how many users will be left who rely on low prices to attract them? This is undoubtedly a useless and thankless effort. But for Shenhao, what he is least afraid of is spending money to convert influence.
But if there is a slight progress, it may be possible to get the upper hand in the future confrontation with Ali. This is not impossible.
He has enough trial and error costs!
Mr. Jing has already said this, what else can An Zhiwen say? Of course I agree with his plan. "Mr. Jing, what you said makes sense. Moreover, if Alipay is listed in the future and has sufficient funds, it may also launch a price war against us. It's better to strike first!"
Jing Gao nodded with satisfaction and chatted with An Zhiwen about home affairs, "How much does the little fat man weigh now? The longer he gets, the cuter he will be, right?"
Speaking of his son, An Zhiwen was a little excited and said, "Yeah. It's very noisy every night. The two nannies at home and Zhang Jing take turns taking care of this kid. When is Teacher Li's due date?"
Jing Gao said: "In mid-August. I will be in a hurry then."
An Zhiwen advised: "Is that possible? Mr. Jing, you have to prepare in advance."
Jing Gao nodded with a smile, took a sip of tea and pondered for a while, then said: "Lao An, what do you think of Zhang Yanqi who is now in charge of Uber?"
An Zhiwen's heart sank slightly. Mr. Jing obviously wanted to change his manager. In fact, given Uber’s monopoly position in the travel market, it shouldn’t just have this performance. This business is at least on the level of Meituan and Pinduoduo.
Just look at the valuations of overseas Uber and Lyft. Today, Uber has less than 40 billion US dollars and a profit of only 1 billion, which is obviously low.
He doesn't object to Mr. Jing's coaching change, but Uber's CEO is indeed a very professional position. If the secretary of President Jing is replaced, or if the new Jinling faction within the group system is replaced, there will be a problem.
In the first case, the assistants around Mr. Jing are actually not very high in management level. The main reason is to win the trust of Mr. Jing. Phoenix Films’ Fang Shaofan and Shenxing Technology’s Dong Youwei both performed very well.
In the second case, Phoenix Group’s equity in Uber is only 19.2%, and its voting rights are only just over 50%. If it is entrusted to someone else, it may change hands accidentally.
Not only does he distrust the Jinling Clique headed by Mr. Jing’s concubine Tan Yunqiu, he also doesn’t trust the executives of the Galaxy. Mr. Jing put him in charge of Phoenix Group and Taichu Group and gave him great trust and power. He must be worthy of Mr. Jing's trust.
"Mr. Jing, Uber's recent performance is indeed problematic. It's okay to replace people, but as a listed company on Hong Kong Island, Uber is best to choose someone who is suitable, capable, and loyal to replace its chairman and CEO. Otherwise, the stock price will drop sharply and control will change hands. This will be very troublesome."
Jing Gao laughed. Lao An was indeed loyal to him. This was the key to him having such a huge business empire and still being able to be carefree and have fun.
"Lao An, if we talk in private, it is not accurate. I chatted with Zhang Yiming some time ago and found that the Internet industry is actually the same people who come and go. So the Internet is a world!
Suddenly an idea flashed in my mind, what do you think we invite Cheng Wei to be the CEO of Uber?
The business war between Uber and Didi was so fierce back then. I don’t think Didi had any major flaws in management, but I used my capital to crush it! I still very much recognize Cheng Wei's management capabilities. "
In Didi's model back then, Liu's daughter was specifically responsible for financing, but Cheng Wei was still in charge of the actual daily management and business strategy.
An Zhiwen was stunned immediately, the tea cup in his hand stopped in mid-air. He didn’t expect Mr. Jing to have this idea, so he thought about it and said, “Mr. Jing, I think you should know the business case of civil unrest in the United States.
Back then, Huang Guangyu and Chen Xiao were competitors. After Chen Xiao's company was acquired by Gome, he became the second-in-command of Gome and worked diligently for the Huang family. However, while Huang Guangyu was in prison, Chen Xiao used his management authority to collude with capital and internal forces in an attempt to dilute Huang Guangyu's equity and deprive the Huang family of its status as a major shareholder.
I don’t think Cheng Wei will regret Uber’s acquisition of Didi. If you give him such a big opportunity again, there is no guarantee that one day he will not betray you. In particular, our equity is already less than 20%. "
Jing Gao smiled slightly and said: "Then we will repurchase a batch of Uber shares. Make sure our voting rights are above 60%. But before Cheng Wei takes office, I recommend my assistant Jing Shufeng to join Uber temporarily. Acting CEO position.”
The rules for AB shares set by Uber are as follows. The equity held by Phoenix Group is A shares, which have super voting rights. But when Phoenix Group sells its equity, the shares are automatically converted into ordinary shares. That is, B shares with the same rights.
This is a setting that ensures that Phoenix Group can reduce its holdings while still maintaining control.
If Jing Gao wants to buy back now, he can only buy B shares, but it is enough to ensure his control.
An Zhiwen was very well-educated and immediately understood what Jing Gao was doing. He smiled and said, "Mr. Jing, I agree!"
"Okay, you talk to Zhang Yanqi. I'll talk to Jing Shufeng later. Then I'll make an appointment with Cheng Wei."
As a powerful person with unlimited cards, Jing Gao will never lose control of a listed company as long as he doesn't want to.
What he values more is that Phoenix Group can solve the current "difficulty" situation and continue to make waves in the Internet world!
(End of chapter)
