northernbook Chapter 1636 Continuous
Chapter 1636 Continuous
Chapter 1636 Continuous
At around eight o'clock in the morning in Beijing at the end of May, the morning light was a little hot. The small conference room on the 36th floor of Meituan's headquarters was fully air-conditioned and so quiet that you could hear a pin drop.
Wang Xing's secretary fiddled with a laptop and projected the announcement from Pinduoduo's official website onto the screen.
The whiteboard in the small conference room was still filled with scribbled words from yesterday's meeting, such as "downstream markets", "hundreds of billions in subsidies", and "community e-commerce". Marker ink spread along the cracks in the "three-year plan" like a spider web.
When Meituan's No. 2 figure Wang Huiwen and Vice President and Chief Financial Officer Chen Shaohui came in, Wang Xin was sitting in front of a movable whiteboard with his arms folded, frowning and thinking. The air was stagnant like a taut bowstring.
"Brother Xin..."
Wang Xin came back to his senses from his deep thoughts and called his right-hand men, "Old Wang, Andy, sit down! Take a look at the announcement that Pinduoduo just released."
Wang Huiwen just came back from Shanghai yesterday. He is the person in charge of this matter in Meituan. After reading the announcement on the projector, he thought for a moment and said, "It seems that it is a foregone conclusion that Jing Gao will lead the debt restructuring of Mingyuan Group. We must be prepared for defense!"
Chen Shaohui was thin, with pale skin and glasses. He asked, "Old Wang, do we need to take this seriously?"
Wang Huiwen leaned back in the soft and comfortable conference chair, with his hands behind his head, "Andy, you didn't see what happened in the conference room of Mingyuan Group's headquarters building the night before last. It was very tense.
Chen Lei of Pinduoduo wanted to hit Jing Gao with a cup. With Jing Gao's temper, could he bear this? Wasn't Pinduoduo's stock price falling in the past two days?
Look at Pinduoduo’s announcement again. Jing Gao doesn’t even want a seat on the board of directors. How much will Pinduoduo have to pay to make peace?
Even if Meituan wants to make peace, it is estimated that we cannot give Jing Gao the extra offer he wants, so a fight is a high probability event!"
Wang Xin sighed with emotion and said irritably, "Andy, this guy surnamed Jing is just like that. You know that. How much money do we have on the books?"
Because he rejected Jing Gao’s venture capital company, Phoenix Fund, to enter Meituan, this thief Sun turned around and created "Orange Takeaway", which is also currently listed in Hong Kong Island and has a market value comparable to Meituan.
The problem is, he was about to merge with Dianping, so why did he take the money from Phoenix Fund? Mr. Jing couldn't bring him any resources, and he was just here to share the dividends of Meituan's rapid development. How could he agree to this?
The reason why Pinduoduo is fiercely "resisting" this time and is unwilling to let Mr. Jing swallow up Mingyuan Group's assets of more than 4 billion yuan is also for this reason.
It is said that the man surnamed Jing found Duan Yongping, a senior in the business world and the business "mentor" of Pinduoduo founder Huang Zheng, and forcibly took 5% of Pinduoduo's shares and made a huge profit. But will Pinduoduo be willing to accept this humiliation?
Look, isn’t this a backlash now?
Wang Huiwen took out a cigarette box from his pocket and threw a cigarette to Chen Shaohui to ease the tense atmosphere caused by Xin Ge's slip of the tongue.
Chen Shaohui thought for a moment and gave some data: "We currently have about 190 billion yuan in cash and cash equivalents. In addition, we have a short-term financial management fund, which is funds that can be withdrawn within a certain period of time, the amount is about 250 billion yuan. All in all, the funds we can use to deal with the subsidy war for Orange Takeaway are 440 billion yuan."
Since both the top and second-in-command of the company have judged that Jing Gao is going to cause trouble, and the rumors about him are that he is vindictive and ruthless, it is obvious that a new round of subsidy war between Xiangcheng Takeaway and Meituan is about to begin.
Wang Xin breathed a sigh of relief. "Almost 70 billion US dollars, which is much more than the defensive funds raised by Pinduoduo. But we still have to find funds. Whether it is from shareholders, venture capital, funds, trusts, private equity, in short, Andy, you are fully responsible, the more funds the better."
Chen Shaohui nodded, "Okay, Brother Xin."
Wang Huiwen smoked a cigarette and sighed, "Now that the two state-owned enterprises of Shenghai have given up, Pinduoduo has also given up, and I don't think Fosun wants to stand out, so we, Alibaba, and Hillhouse Capital are left. Our opposition has no voice and will not have much effect.
It’s the trend of the times!
Mingyuan Group has more than 4 billion yuan in assets, and there are many high-quality assets, and the proportion of real estate with poor liquidity is not large. Zhou Mingyang has allocated a lot of it, and all his life's hard work has been taken away by Jing Gao! He ate it all in one bite, and he only paid a little interest. Hi! "
Wang Xin waved his hand and said nothing.
The love and hate between Meituan and Ali is quite interesting. It doesn't mean that the two companies can join forces when they are enemies with Jinggao.
"We will try our best to hold on. The subsidy war won't last long. After a while, the higher-ups will notice it. We will definitely be able to stand firm. Lao Wang, don't let go of Mingyuan Group's bankruptcy and reorganization before the authorities intervene."
If things don't work out, it's okay to just feel disgusted with Jing Gao. He has been disgusted by the Orange Takeaway for the past few years.
Wang Huiwen smiled and said, "No problem."
Chen Shaohui relaxed a little. It is undeniable that Pinduoduo's announcement put pressure on Meituan, and he was tense inside.
I still feel a sense of urgency, but we have finally come up with a response strategy. The future situation can be predicted and we can just execute it.
...
...
The news, announced on Pinduoduo's official website on the simplified Chinese Internet at 8 a.m. on Monday, was like a huge rock falling into a pond for the parties involved in blocking Jing Gao's lead in the debt restructuring plan for Mingyuan Group.
After all, Pinduoduo took the lead in "resisting" Yinwei, who was surnamed Jing, and almost hit him on the head with a water cup.
But the result turned out like this?
Shen Nanpeng of Sequoia Capital said at a lunch party at Shenghai, "I am now very curious about how Mr. Jing will persuade the other companies to withdraw next."
Although he seems to be as obedient as a quail in front of Jing Gao, after the rapid development of mobile Internet in recent years, Sequoia Capital is definitely a star capital in China with great power and is very popular among investors in Shenghai.
He never lacks lunch parties.
Later in the afternoon, he saw Jinggao's follow-up actions. Xiangcheng Waimai's actions against Meituan were silent. It did not issue any announcements or start a subsidy war. It only paid five insurances and one housing fund for its full-time deliverymen.
However, the action against Ali caused a big stir online. The person in charge of this matter at Ali Shenghai is the prince Jiang Fan, and his wife spoke out online, exposing the mistress. After being pushed, it quickly became a hot search.
Hangcheng.
Zhang Yong, the CEO of Alibaba, went to Ma Yun's villa overnight to ask for a meeting. The first thing he said when he saw Ma Yun was, "Teacher Ma, we have to consider disciplining Jiang Fan, otherwise the public opinion will be difficult to calm down. After all, Weibo is controlled by Jing Gao. Our shares have no effect at all."
(End of this chapter)