Reborn multinational giant
Chapter 691
Generally speaking, the most controversial point in the merger of the two companies is who is the main and who is the auxiliary. One mountain can\'t tolerate two tigers. After the merger of the two companies, whether Cheng Xiaodong or LV Chuanwei, one person must go, and even many existing executives of a company must leave or move.
However, it is obvious that with the current market pattern of more than three times the market share of Kuai\'an than Kuai\'an, LV Chuanwei did not have the slightest illusion and tacitly agreed to the outcome of his withdrawal. That is also why the negotiations between the two people just now could be so smooth.
In addition to the dispute over sovereignty, another very big dispute between the two sides is the consideration, that is, the evaluation of each other\'s valuation by both sides, because after the merger, the number of shares each shareholder can hold in the new company depends on the consideration agreement reached in the process of consideration.
Obviously, this involves the interests of all shareholders of the two companies, not Tung Ching or Lv Chuanwei\'s two CEO, which can be casual or has the final say.
Although Kuai\'an taxi and Kuai\'an taxi have just completed a new round of financing last autumn, both Kuai\'an shareholders and Kuai\'an shareholders do not recognize the current market valuation of the other party. In the words of Wang Weizhong, the largest shareholder behind Kuai\'an taxi and the director of Kuai\'an:
"Their data are bought by burning money. Once the subsidy is refunded, any demons and ghosts have to show their original shape."
In the last round of financing of the two companies, the market valuation of Kuai\'an taxi was $30 billion, while the valuation of Kuai\'an taxi was $10 billion. However, as Wang Wei said, the valuation of Kuai\'an taxi was far less solid and stable than that of Kuai\'an taxi.
It can have such a high valuation, which is purely the virtual value reported by the two major shareholders behind Tencent and Baidu. After all, they have burned more than $2 billion in the past year alone. If the valuation is not enough, they can\'t die!
For the disputes between the two sides, Huaxing capital, which has many years of experience in investment and M & A, has set a method for both sides to reassess the valuation of both sides, that is, Huaxing capital sets a timetable, and both sides disclose and open relevant information to the other party at a fixed time according to the timetable.
For example, how many orders are there on the fast day, how many registered users are added, how many orders are there on the fast day, how many orders are there in each region and market, etc. if at ordinary times, these are confidential data of each company of both parties, and only after both parties sign relevant confidentiality agreements can they move forward step by step and disclose these data to shareholders and senior management of both parties, So that both parties can make reasonable judgment and evaluation on the valuation of the other party.
Both Cheng Xiaodong and LV Chuanwei agree with Huaxing\'s method. If both sides can\'t let down their guard and disclose these data, the merger of the two sides can\'t go on.
After the consideration, another important difficulty to be solved by the two sides is the negotiation between the three largest shareholders behind the two sides, Huizhong, Tencent and Baidu. If the competition between kuaan and Kuai is just a fight between mortals, then the competition between the three giants belongs to a fight between immortals.
For the three giant shareholders, in addition to competing for the equity interests of the new company, the other part includes mobile payment, maps, cloud computing services and other businesses, which are also the focus of their competition.
Whether Huizhong, Tencent and Baidu, part of their purpose of investing in taxi software is to focus on the mobile payment entrance of taxi software, map business use, cloud computing services and other businesses associated with their own business.
Nowadays, WeChat payment is the default payment way of fast security taxi software. In the fast taxi, the top two payment channels are Tencent\'s fortune paid Baidu wallet and few users. Instead, WeChat\'s payment can only be ranked third. This design has also make complaints about many fast taxi users.
In addition to payment, the default map used by quick taxi is Baidu map, while the default map used by quick an taxi is Gaode map, which has long been acquired by Huizhong. The cloud computing services used by the two companies are Tencent cloud and Huizhong cloud respectively.
The two companies want to merge into a new company. This part of the problem cannot be solved in any case. If they simply maintain the status quo, I\'m afraid Huizhong, Tencent and Baidu will not easily agree and compromise.
When it comes to the interests of the shareholders of Huizhong and Tencent Baidu, Cheng Xiaodong and LV Chuanwei are even more unlikely to be the masters. They can only follow Bao fan\'s suggestion, first push forward slowly according to the plan agreed by both parties, and then contact the three giants to let them negotiate. If they can negotiate, then this will be eight achievements. If they can\'t negotiate, then the merger plan of both parties will be, It can only stop abruptly. In the end, who can\'t hold first!
Cheng Xiaodong and LV Chuanwei looked at each other. Both sides saw the bitter smile on each other\'s faces. It was boring for the CEO to do this!
From this day on, the merger process of kuaan and Kuai began to move forward quietly. Before there was an absolute conclusion on this matter, both shareholders, senior management and intermediary Huaxing capital were highly low-key and strictly confidential.
In the outside world and in the hearts of many Kuai\'an and Kuai\'an users and drivers, they are looking forward to the two sides that have completed a new round of financing and refilled ammunition to fight again in the new year.
Snipe and clam fight each other, and the better the two fight, the happier the users and drivers who receive subsidies and rebates!
On January 20, Fang Zhe, who was invited to participate in the annual winter Davos forum, flew to Switzerland by private plane. At the same time, Wang Wei, the negotiator of Huizhong, and the negotiators of Tencent and Baidu, started the negotiation on the merger agenda of Kuai\'an and Kuai in a conference room at the headquarters of Kuai\'an taxi in Yanjing!
A few days ago, Wang Wei was specially summoned by Fang Zhe, the big boss, and gave important instructions on his negotiation on behalf of Huizhong and Tencent Baidu.
"Don\'t give up half a step, take another step!" this is Fang Zhe, the big boss, who gave Wang Wei instructions for the negotiation.
While admiring the domineering side leakage of the big boss, Wang Wei also fully understood the meaning of the big boss, that is, in the fast taxi after the merger, whether it is mobile payment entrance ranking, map, cloud computing services, etc., must belong to Huizhong, Tencent and Baidu, and can no longer be involved in the specific business of the new company.
At most, in the words of the big boss: "I\'m willing to take their offer and don\'t let them lose their underpants. I can afford them!"
Wang Wei deeply agrees with this. If the war between the two sides continues, Tencent and Baidu must be the first to be dragged down, not Huizhong, who is rich and powerful, because a Huizhong\'s earning ability is several times higher than the sum of Baidu and Tencent!
"Dong Wang, let\'s start now!"
In the conference room, the confident Tencent representative and the winning Baidu representative launched a challenge to Wang Wei, the one person Huizhong representative!
However, it is obvious that with the current market pattern of more than three times the market share of Kuai\'an than Kuai\'an, LV Chuanwei did not have the slightest illusion and tacitly agreed to the outcome of his withdrawal. That is also why the negotiations between the two people just now could be so smooth.
In addition to the dispute over sovereignty, another very big dispute between the two sides is the consideration, that is, the evaluation of each other\'s valuation by both sides, because after the merger, the number of shares each shareholder can hold in the new company depends on the consideration agreement reached in the process of consideration.
Obviously, this involves the interests of all shareholders of the two companies, not Tung Ching or Lv Chuanwei\'s two CEO, which can be casual or has the final say.
Although Kuai\'an taxi and Kuai\'an taxi have just completed a new round of financing last autumn, both Kuai\'an shareholders and Kuai\'an shareholders do not recognize the current market valuation of the other party. In the words of Wang Weizhong, the largest shareholder behind Kuai\'an taxi and the director of Kuai\'an:
"Their data are bought by burning money. Once the subsidy is refunded, any demons and ghosts have to show their original shape."
In the last round of financing of the two companies, the market valuation of Kuai\'an taxi was $30 billion, while the valuation of Kuai\'an taxi was $10 billion. However, as Wang Wei said, the valuation of Kuai\'an taxi was far less solid and stable than that of Kuai\'an taxi.
It can have such a high valuation, which is purely the virtual value reported by the two major shareholders behind Tencent and Baidu. After all, they have burned more than $2 billion in the past year alone. If the valuation is not enough, they can\'t die!
For the disputes between the two sides, Huaxing capital, which has many years of experience in investment and M & A, has set a method for both sides to reassess the valuation of both sides, that is, Huaxing capital sets a timetable, and both sides disclose and open relevant information to the other party at a fixed time according to the timetable.
For example, how many orders are there on the fast day, how many registered users are added, how many orders are there on the fast day, how many orders are there in each region and market, etc. if at ordinary times, these are confidential data of each company of both parties, and only after both parties sign relevant confidentiality agreements can they move forward step by step and disclose these data to shareholders and senior management of both parties, So that both parties can make reasonable judgment and evaluation on the valuation of the other party.
Both Cheng Xiaodong and LV Chuanwei agree with Huaxing\'s method. If both sides can\'t let down their guard and disclose these data, the merger of the two sides can\'t go on.
After the consideration, another important difficulty to be solved by the two sides is the negotiation between the three largest shareholders behind the two sides, Huizhong, Tencent and Baidu. If the competition between kuaan and Kuai is just a fight between mortals, then the competition between the three giants belongs to a fight between immortals.
For the three giant shareholders, in addition to competing for the equity interests of the new company, the other part includes mobile payment, maps, cloud computing services and other businesses, which are also the focus of their competition.
Whether Huizhong, Tencent and Baidu, part of their purpose of investing in taxi software is to focus on the mobile payment entrance of taxi software, map business use, cloud computing services and other businesses associated with their own business.
Nowadays, WeChat payment is the default payment way of fast security taxi software. In the fast taxi, the top two payment channels are Tencent\'s fortune paid Baidu wallet and few users. Instead, WeChat\'s payment can only be ranked third. This design has also make complaints about many fast taxi users.
In addition to payment, the default map used by quick taxi is Baidu map, while the default map used by quick an taxi is Gaode map, which has long been acquired by Huizhong. The cloud computing services used by the two companies are Tencent cloud and Huizhong cloud respectively.
The two companies want to merge into a new company. This part of the problem cannot be solved in any case. If they simply maintain the status quo, I\'m afraid Huizhong, Tencent and Baidu will not easily agree and compromise.
When it comes to the interests of the shareholders of Huizhong and Tencent Baidu, Cheng Xiaodong and LV Chuanwei are even more unlikely to be the masters. They can only follow Bao fan\'s suggestion, first push forward slowly according to the plan agreed by both parties, and then contact the three giants to let them negotiate. If they can negotiate, then this will be eight achievements. If they can\'t negotiate, then the merger plan of both parties will be, It can only stop abruptly. In the end, who can\'t hold first!
Cheng Xiaodong and LV Chuanwei looked at each other. Both sides saw the bitter smile on each other\'s faces. It was boring for the CEO to do this!
From this day on, the merger process of kuaan and Kuai began to move forward quietly. Before there was an absolute conclusion on this matter, both shareholders, senior management and intermediary Huaxing capital were highly low-key and strictly confidential.
In the outside world and in the hearts of many Kuai\'an and Kuai\'an users and drivers, they are looking forward to the two sides that have completed a new round of financing and refilled ammunition to fight again in the new year.
Snipe and clam fight each other, and the better the two fight, the happier the users and drivers who receive subsidies and rebates!
On January 20, Fang Zhe, who was invited to participate in the annual winter Davos forum, flew to Switzerland by private plane. At the same time, Wang Wei, the negotiator of Huizhong, and the negotiators of Tencent and Baidu, started the negotiation on the merger agenda of Kuai\'an and Kuai in a conference room at the headquarters of Kuai\'an taxi in Yanjing!
A few days ago, Wang Wei was specially summoned by Fang Zhe, the big boss, and gave important instructions on his negotiation on behalf of Huizhong and Tencent Baidu.
"Don\'t give up half a step, take another step!" this is Fang Zhe, the big boss, who gave Wang Wei instructions for the negotiation.
While admiring the domineering side leakage of the big boss, Wang Wei also fully understood the meaning of the big boss, that is, in the fast taxi after the merger, whether it is mobile payment entrance ranking, map, cloud computing services, etc., must belong to Huizhong, Tencent and Baidu, and can no longer be involved in the specific business of the new company.
At most, in the words of the big boss: "I\'m willing to take their offer and don\'t let them lose their underpants. I can afford them!"
Wang Wei deeply agrees with this. If the war between the two sides continues, Tencent and Baidu must be the first to be dragged down, not Huizhong, who is rich and powerful, because a Huizhong\'s earning ability is several times higher than the sum of Baidu and Tencent!
"Dong Wang, let\'s start now!"
In the conference room, the confident Tencent representative and the winning Baidu representative launched a challenge to Wang Wei, the one person Huizhong representative!