Chapter 216: The billion-dollar acquisition of AutoNavi, a fight in Chaoyang Park!
"How much equity is Zhang Yiming willing to give?"
Chen Yansen stood in front of the floor-to-ceiling window in the office, looking at the gradually darkening sky, and asked expressionlessly.
The last time Gao Weilin reminded him, Zhang Yiming had frequent contact with several investment institutions after returning to Yanjing, and he had his expectations at that time.
Chen Yansen understood Zhang Yiming's little thoughts. He just wanted to attract more venture capital firms and disperse the equity ratio, so as to ensure the controlling rights while obtaining a large amount of project start-up funds.
In this regard, Zhang Yiming was more tactful and mature than Zhang Xuhao. When facing potential investors, he agreed to all of them without hesitation instead of taking the offer from the first one and going to the second one to negotiate the price.
"10%, 2 million, plus the other three, the total equity released in the seed round is 25%."
Gao Weilin said with a smile.
In his opinion, ByteDance’s financing scale is pitifully small, even smaller than that of Kuaidi Taxi.
2 million for 10% of ByteDance's equity? Chen Yansen smiled faintly. As long as Senlian Capital continues to invest, the value of these shares will be as high as 40 billion US dollars in a dozen years.
But now that Zhang Yiming has gone astray, can he still build a business empire valued at 400 billion US dollars? Often a single thought can change a person's life.
Chen Yansen was also unsure! "Invest, and we'll decide whether to follow up with the investment when the time comes."
Chen Yansen thought about it and replied.
In fact, what he was thinking was that instead of waiting for Zhang Yiming to create Toutiao, it would be better for him to do it himself.
For him, content distribution and recommendation algorithms are not programming technologies with extremely high barriers.
"Okay, boss, I'll take care of it." Gao Linwei replied.
"By the way, I'm going to Yanjing tomorrow. Don't go back to Xucheng yet. I have an appointment with Liu Zhiping and Cheng Congwu to meet at the headquarters of Amap the day after tomorrow."
Before hanging up the phone, Chen Yansen said something else to Gao Weilin.
"Okay, I got it." Gao Weilin nodded in response. He had heard Chen Yansen mention it before.
Invest in or acquire AutoNavi Maps, form an O2O closed loop with Yunsu Express, Kuaipao Takeout and Kuaidi Taxi, and complete the complementarity of traffic, data and funds.
This was a merger involving billions of dollars, so Gao Weilin had to be cautious. Thinking of this, he quickly opened the documents he had prepared last time and planned to review them again to avoid any problems when they met the day after tomorrow.
After Chen Yansen finished talking with Gao Linwei, he took the elevator to the first floor. After getting in the car, he sent a message to Song Yuncheng, and then drove towards Xuyuan.
"I'm going on a business trip to Yanjing tomorrow. Remember to bring the clothes I gave you."
Song Yuncheng was sitting at his workstation. When he saw the text message from Chen Yansen, his cheeks couldn't help but turn red.
"Um."
Song Yuncheng did not refuse and simply replied with one word.
at the same time.
The war of words between Zhou Hongyi and Lei Yijun has moved from Weibo to text messages. Without public attention and constraints, the two have become more and more impolite when speaking.
"We have been friends for many years. Are you going to attack your old friend just to develop new business?" Lei Yijun asked.
"I've already said that the phone was produced by Haier, and 360 only served as a sales channel. We had no intention of competing with Xiaomi. But you hired internet trolls to discredit me. What do you mean by that?" Zhou Hongyi replied.
"That was posted by netizens. What does it have to do with me? How dare you say there's no problem with the screen of Haier W910? A 4.5-inch screen with a 1,600 mAh battery, and users have to charge it three times a day. If this isn't garbage, what is it?" Lei Yijun is outspoken and likes to hit people in the face.
Although Zhou Hongyi knew that he was cheated by Haier, he would not admit defeat: "Isn't Xiaomi rubbish? The signal is poor, it freezes and restarts, and it overheats severely. You can sell 2 million units because there are too many fools!"
"Idiot!" Lei Yijun only replied with two words this time.
"Do you dare to scold me in person?" Zhou Hongyi practiced Tai Chi and Judo in college, so he was not afraid even though Lei Yijun was taller than him.
"I scolded you in person? I'll just slap you in the face." Lei Yijun looked elegant, but in his bones he had the spirit of 'not caring about life and death, and fighting if you don't agree', and he immediately retorted.
"Tomorrow afternoon at 3 o'clock, Chaoyang Park, whoever doesn't come is a grandson."
Zhou Hongyi got carried away and decided to fight offline.
"Okay, I'll wait for you." Lei Yijun has been scolded badly by Zhou Hongyi online these two days.
Xiaomi phones were also affected. After all, Zhou Hongyi is the boss of 360 and an Internet tycoon worth billions. His constant scolding of Xiaomi will definitely have an impact on sales.
The other party’s Haier W910 is not selling well, so they want to kill Xiaomi as well.
"Li Wanqiang, find me a few capable colleagues from the marketing department to accompany me to Chaoyang Park tomorrow."
Lei Yijun put down his phone, unable to suppress his anger. He opened the office door and called Li Wanqiang to give him instructions.
"Boss Lei, does this ability refer to marketing and promotion capabilities or channel integration capabilities?"
Li Wanqiang was slightly stunned, looking confused, not understanding what Lei Yijun meant.
"Literally, the kind that can fight!"
Lei Yijun put his hands on his hips and started to curse Zhou Hongyi in his hometown dialect.
The main reason was that Zhou Hongyi cursed too foully, and even Lei Yijun was overwhelmed, and at this moment he forgot all about his composure and self-control.
This morning, Lei Yijun accused Zhou Hongyi of plagiarism on Weibo, copying Xiaomi's mobile phone solution one-to-one, calling him "big brother" in front of him but stabbing him in the back, and his level of insidiousness is no less than that of "Oriental Invincible".
Zhou Hongyi brought up Meizu and said bluntly that two years ago, Lei Yijun visited Meizu and then founded Xiaomi, copying all the projects and technologies from Meizu. If you say I am Dongfang Invincible, then you are Lei Buqun.
Finally, even Huang Zhang showed up and said a few sarcastic words.
fight?
Li Wanqiang was stunned. He subconsciously asked, "Boss Lei, who are you going to fight with?"
"Of course it's that bastard Zhou Hongyi." Lei Yijun replied.
“……” Li Wanqiang opened his mouth, not knowing what to say.
He knew about the war of words between his boss and Zhou Hongyi, and thought it was just a verbal fight to stir up popularity and boost sales of Xiaomi phones.
But who would have thought that Lei Yijun now said that he wanted to fight with Zhou Hongyi offline, which was really shocking.
What he really wanted to say was: Mr. Lei, you are all worth billions, why are you acting like street thugs?
After Lei Yijun cursed for a few minutes, he calmed down.
It’s not that he regretted it, but he felt that if he had to fight, he had to win. He knew that Zhou Hongyi had learned Tai Chi and Judo, and he had the advantage in height, but the two had never fought before, so he was not sure.
In addition, will Zhou Hongyi hire external assistance or bodyguards?
"First, find four, then wait, find eight colleagues who can fight."
Lei Yijun thought for a while and said to Li Wanqiang.
Before being sure of the number of the other side, Lei Yijun decided to take ten people, including himself.
"...Okay, Mr. Lei." Li Wanqiang was silent for a few seconds, then nodded in agreement with a wry smile.
The other side.
Seeing the two quarreling fiercely online, some netizens suggested: "Xiaomi and 360's headquarters are both in Yanjing, so stop quarreling with each other. If you are men, go to Chaoyang Park and have a fight! No matter whether you win or lose, don't bother asking the inspectors for help."
There are a bunch of people fanning the flames and madly @Zhou Hongyi and Lei Yijun.
Not long after, Zhou Hongyi took the initiative to respond: "See you at the East Gate 5 of Chaoyang Park at 3 pm tomorrow. If you are a man, come and talk to me in person!"
Lei Yijun didn't want to respond at first, but then he thought, if he didn't respond, netizens would think he was a coward, so he also posted a Weibo: "I'll definitely accompany you."
For a time, the news that the two giants in the circle were going to fight immediately became the top three on the hot search list.
Some netizens who did not understand the cause and effect originally thought it was photoshopped and fake news, but when they went to the Weibo posts of Lei Yijun and Zhou Hongyi and took a look, they were immediately stunned.
Two billionaires, going to compete offline?
This is like the fight between Zuckerberg and Musk more than a decade later, which is equally eye-catching.
That evening, Li Ling from YY Live called Lei Yijun and asked him if he wanted to do a live broadcast to increase the popularity.
As a qualified businessman, Li Ling never thought that the fight between Lei Yijun and Zhou Hongyi was not for hype, but just to KO each other.
Lei Yijun tried hard not to curse, and hung up the phone after saying a few perfunctory words. Then Chen Nian called and patted his chest and said that he would accompany him tomorrow.
He was so amused that he didn't know whether to laugh or cry! Reporters from the Yanjing Daily, Yanjing Satellite TV, and 21st Century Business Circle were also notified to go to the scene tomorrow to do follow-up reports.
Netizens from other places asked netizens near Chaoyang Park in the comment section to make sure to shoot high-definition videos for the whole country to enjoy.
The next morning.
Chen Yansen and Song Yuncheng flew directly to Yanjing.
Gao Weilin rented a Mercedes-Benz and picked up the two from the airport and took them to the hotel.
"Boss, Mr. Lei and 360's Zhou Hongyi have arranged to fight offline. This marketing plan is absolutely amazing. To be honest, I have been in Hong Kong for so many years and have never seen a similar operation method."
In the hotel lobby, Gao Weilin said with emotion with a smile.
Marketing plan?
Chen Yansen smiled. He had heard about the two people arguing about a fight in his previous life. From a businessman's perspective, he also thought it was hype, just like the fight between Musk and the founder of Facebook.
They release a video of them training boxing every now and then. If this isn't hype, what is it? "It's really clever, it looks like the real thing."
Chen Yansen narrowed his eyes and nodded slightly.
But he was not interested and simply skipped the topic and continued discussing the purpose of the trip with Gao Linwei.
The current stock price of Amap is 11.4 US dollars per share. The market performance is sluggish. Compared with half a month ago, it has fallen by several points and the total market value is only 620 million US dollars.
According to Chen Yansen, Ali spent 1.34 billion US dollars to privatize AutoNavi Maps and make it a wholly-owned subsidiary of the group.
But it was after 2014, when 4G licenses were issued and domestic mobile Internet entered a period of rapid growth, that the premium more than doubled.
And now it is only 2012, 3G still dominates the market, and mobile Internet is just in its infancy.
Acquiring AutoNavi at this time could save at least tens of billions of dollars.
(End of this chapter)
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