Chapter 149: Acquisition Case with a Valuation of 20 Billion (asking for monthly ticket)
An hour later, Chen Yansen walked into the conference room and announced bluntly:
"Let me briefly talk about the salary increase. Xu Dan will send everyone a salary increase notice before leaving get off work. It will be implemented from this month. All employees will get a 20% salary increase, including part-time customer service staff."
"Brother Sen, will the investment promotion positions also be adjusted?" Xu Dan asked.
"The base salary for investment promotion is also within the adjustment range."
Chen Yansen said lightly.
Yuan Wei, Zhang Yifeng, Li Hui and others smiled at each other, all with happy expressions on their faces. Although the increase in basic salary was just a drizzle for them, who would complain about having too much money?
Song Yuncheng looked at Chen Yansen and always felt that this salary increase came suddenly and did not seem to be part of the original plan.
"Okay, let's all go back to work." Chen Yansen gave a few simple instructions and waved his hand.
After everyone left, Song Yuncheng returned, closed the door of the conference room, stared at Chen Yansen and asked, "I think it's a bit abnormal that you suddenly raised everyone's salary."
Song Yuncheng's tone was very firm.
"You are so smart. It's a pity that you didn't repeat a year to take the entrance exam for a 985 university." Chen Yansen shrugged and joked with a smile.
"So, the previous rumors are true?" Song Yuncheng pulled out a chair, sat next to Chen Yansen, and asked curiously.
"What's true or false? Why are you asking these questions?" Chen Yansen chuckled and said nonchalantly.
The negotiations between Gao Weilin and the investment institutions have not yet reached the pricing and negotiation stage, and Chen Yansen will not disclose any information to the outside, including Song Yuncheng.
"If you sell Fox Tao, I will follow you to Orange Technology." Song Yuncheng stared at Chen Yansen, his eyes soft yet firm.
"What's the matter? You still want to rely on me?" Chen Yansen teased.
In fact, he wouldn't mind even if Song Yuncheng stayed in Fox Tao, but these words still made him feel warm.
This girl is only twenty years old. Although she has working ability, her mind is far worse than those girls he dated in his previous life.
"Don't worry, you are my No. 1 employee, I will not abandon you."
Chen Yansen said something ambiguously.
Song Yuncheng's heart sank, and he vaguely guessed Chen Yansen's plan.
She had heard Chen Yansen talk about the ecological model of shopping guide e-commerce, and she knew in her heart that even if Chen Yansen did not sell FoxTao, in two or three years, FoxTao's market share would be gradually eroded by competing websites.
Chen Yansen stood up and walked out.
I arrived at the teachers' apartment building, opened the BMW 750 and got in.
When passing by the girls' dormitory, he waited for a few minutes and saw Mengjie jogging over with a computer in her arms.
"Get in the car and I'll take you to Orange Technology."
Chen Yansen opened the car door, helped Mengjie fasten her seat belt, and said with a smile.
Parents and students on both sides of the road cast their eyes over. Someone asked the student in charge of welcoming new students, "Is that guy a teacher in your school? He looks quite young, and his car is so nice."
More than a decade later, no one was interested in the BMW 750, but in 2011, it was a luxury car worth over 2 million yuan.
"Him? It's Chen Yansen from the School of Literature and Communication, the business genius of Xuyuan! Uncle, have you heard of Fox Tao?"
The sophomore turned his head, took a look, and asked with a smile.
"I've never heard of it. What does it do?" The parent shook his head.
"Have you heard of Orange Mobile? He is the founder of Fox Tao and Orange Mobile, and his net worth is over 10 billion."
The sophomore student said with envy as he looked at the BMW that was gradually going away.
"He is Chen Yansen!" The parent and son looked at each other and suddenly realized.
Before coming here, my son kept talking about how there was a sophomore student in Xuyuan who was very good at business.
He didn't believe it at the time, thinking: How could such a talented person only get into Xucheng College? But after searching online, he was immediately speechless.
Chen Yansen is really amazing. He founded two successful companies before he was 20 years old.
The valuation of Orange Technology has not yet been announced to the public, but Xiaomi Technology, whose mobile phone sales are far less than those of Orange Technology, is currently valued at approximately US$1.5 billion.
With this calculation, including FoxTao, Chen Yansen’s net worth is more than 10 billion.
"You are an e-commerce major, and FoxTao likes to recruit students from your major. If you have the opportunity to join FoxTao, I suggest you work in a business position."
The sophomore student looked at the two of them in a daze and added with a smile.
"Why? I checked online and found that the best future jobs for e-commerce majors are operations and management." asked a freshman with a confused look on his face.
"How much can you earn from operating for a month? Zhang Yifeng, a senior from our business school, joined FoxTao last year and now earns this much per month!"
The sophomore looked very proud, as if the monthly income of hundreds of thousands was earned by him.
"One hundred thousand?" The parent's face was full of disbelief.
"That's right! I'm a sophomore this year. When I'm a junior next year, I will definitely go to FoxTao for an interview."
The sophomore said with a smile.
The other side.
Chen Yansen drove to Zhuxianzhuang Science and Technology Park.
Along the way, there were almost no other cars to be seen except for the endless fields of winter wheat.
"It's so desolate." Meng Jie sighed.
"Everything has two sides. The surrounding facilities are a bit poor, but the rent is cheap."
Chen Yansen explained with a smile.
"Hehe, that's true." Meng Jie licked her lips and nodded in agreement.
"There's mineral water on the right."
Chen Yansen reminded.
The weather in early September was still hot, and Mengjie had just jogged a few steps, so there were some fine beads of sweat on her forehead.
The air conditioner in the car is blowing, which can easily make your lips dry.
Mengjie responded, took out the mineral water and drank it in small sips.
In just a few minutes, a science and technology park covering an area of 100 acres appeared in front of us, with more than a dozen office buildings scattered around.
Mengjie recognized the Orange Technology building at a glance. There was a huge orange logo hanging on the front of the 6th floor.
"The LOGO designed by Senior Sister Song is really beautiful. The color and lines are very eye-catching. I remember it immediately."
Mengjie praised Song Yuncheng in front of Chen Yansen.
Chen Yansen smiled and said nothing. He parked the car on the first floor and took Mengjie to the fifth floor by elevator.
"My office is in front," Chen Yansen introduced.
“Da da da—”
At this time, Ye Qiuping walked over quickly with a document.
Chen Yansen's time of coming to the Science and Technology Park is not fixed, so Ye Qiuping specifically instructed the front desk clerk on the first floor to notify her immediately when the boss arrives at the company.
"Mr. Chen, there is a contract that requires your signature." Ye Qiuping stood at the door, glanced at Meng Jie, and spoke.
"Put it here." Chen Yansen pointed to the table and said softly.
"Okay, Mr. Chen." Ye Qiuping put down the documents, turned and left.
Although she was curious about Mengjie's identity, she would not ask unless Chen Yansen told her.
"This sister is so beautiful and has a great figure." Meng Jie whispered softly, her face full of envy.
Chen Yansen grinned.
Mengjie is only B and Ye Qiuping is D, there is really no comparison.
"Lao Gao, come to my office."
Chen Yansen picked up the phone and called Gao Weilin.
Since we need to find a financial expert for Mengjie, Gao Weilin is undoubtedly the most suitable candidate.
"Boss, are you looking for me?" Gao Weilin knocked on the door and walked in.
"Let me introduce you to Meng Jie, who is studying accounting at Xuyuan. She is a sophomore this year and you can take care of her for a while."
Chen Yansen gave simple instructions.
"Hello, I'm Gao Weilin, the financial director of Orange Technology. You can also call me Dylan."
Gao Weilin looked at Chen Yansen, then at Meng Jie, and took the initiative to greet them. Being a cautious person, he didn't even extend his hand.
"Hello, Director Gao." Meng Jie responded politely.
"Boss, I'll take Mengjie to the Finance Department to get familiar with the environment first."
Gao Weilin asked for instructions.
Chen Yansen nodded slightly, indicating Mengjie to follow Gao Weilin.
About half an hour after the two of them went out, Gao Weilin strode back with his computer.
"Boss, Meng Jie has made all the arrangements. I'll let Xiao Lin help her get familiar with the game for two days."
Gao Weilin sat down to report.
"Thank you for your hard work." Chen Yansen didn't explain much.
From Gao Weilin's attitude, it can be seen that he probably guessed Meng Jie's identity, and Chen Yansen felt that there was no need to point it out.
Gao Weilin was not surprised by this. His boss was young, rich and handsome, so how could he only have one girlfriend?
It is not uncommon for a man to have two wives in Hong Kong, and it is not uncommon for the first wife to take care of the second wife during her confinement.
"Boss, Softbank and Ali have accepted the proposal of Rakuten and Augusta. Rakuten and Augusta will jointly launch an acquisition of FoxTao. Ali will use Zhifubao and Ali Baba's shares to exchange FoxTao's shares."
Gao Weilin changed the subject and got down to business.
"That's their business. As long as Lotte and Augusta pay, it's fine. How much are they offering now?" Chen Yansen asked.
"18 billion! I told Lotte and Augusta our bottom line, at least 20 billion, otherwise there is no room for negotiation. They said they need a 15-day evaluation period before deciding whether to acquire the company."
Gao Weilin replied.
"It's just 3 billion U.S. dollars. Ma has really spent a lot of money to supplement his third-party traffic entrance."
Chen Yansen couldn't help but sigh.
According to him, in the previous life, Ali did plan to acquire a leading shopping guide e-commerce company in the second half of 2013, and then merge it with Yitao.com, but the price was not negotiated.
Chen Yansen knew clearly that if it weren't for Lotte and Augusta, the two suckers, there would be no possibility of negotiation on this matter. After all, Lao Ma really didn't have any extra funds at that time.
Otherwise, when he met Ma Liyun, the other party would not have proposed to use equity payment to acquire FoxTao.
The last time he was in Yanjing, when he was chatting with Zhou Shouzhi, he learned that Ma Liyun was communicating with Yahoo and wanted to buy back Yahoo's 40% stake before the listing.
To this end, Ma Liyun not only borrowed money from the bank, but also brought in a group of wealthy venture capital institutions to seek financial support.
"Boss, it's really easy to make money on the Internet. With your ability, you can surpass Superman Li in less than ten years."
Gao Weilin complimented with a smile.
Chen Yansen smiled faintly and said that he was not interested in money.
But in his heart he was thinking: Li Chaoren will die, but he won't! How can Li Chaoren compare with him? Are they worthy? Gao Weilin laughed, thinking his boss was joking.
Who in this world doesn’t love money? In the next period of time, group buying websites will enter a countdown to their death.
Before the end of the first week of September, more than 200 group buying websites declared bankruptcy.
Lashou, WoWotuan, Nuomi and Meituan have entered duel mode, relying on venture capital transfusions, and the battle is even more brutal than in the first half of the year.
But users are the happiest. Each platform is flooded with subsidized products, such as 9.9 yuan K song packages, 1 yuan KFC family buckets and 19 yuan hotels.
What surprised Chen Yansen was that Nuomi.com actually came from behind and won.
Although its parent company Renren.com did not have sufficient funds, it relied on its excellent marketing capabilities to suppress WoWotuan and become the second place in the group buying market.
Soon after, Meituan’s market share surpassed WoWotuan, ranking among the top three in the industry.
Dianping, a Shanghai-based company, has accumulated a large number of merchant and user resources by relying on its restaurant review model. After receiving its Series C financing, it is no longer limited to its home base.
It immediately switched to group buying business and expanded rapidly to the six provinces in East China.
Originally ranked outside the top ten, its market share began to climb in September, knocking Gaopeng out of the top ten.
Upon seeing this, Chen Yansen couldn't help but sigh that Gaopeng was really a 24K pure waste. It had the support of two giants, Groupon and Penguin, the originators of group buying, and FoxTao secretly supplying traffic, but its business was a mess.
This made Chen Yansen more and more convinced that no matter how brilliant an idea is, it must rely on strong execution support to be realized.
Whether a plan is successful depends 1% on planning and 99% on execution.
It was not until the third day after the Mid-Autumn Festival that Rakuten and Augusta Capital headquarters finally approved the acquisition of FoxTao, betting heavily on the Chinese e-commerce sector.
This acquisition involving multiple companies has officially entered the negotiation process.
(End of this chapter)
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