My Life Can Hang

As well as the dominance of the new company after the merger, Kuaidi's executive team will gradually cash out and leave the market. "

All the investors applauded with smiles on their faces. They were very satisfied with the result.

Cheng Wei accepted the investors' applause frankly.

During this period of time, he and Liu Qing worked hard and kept trying to convince Kuai to agree to the merger.

Only he himself knows the hardships involved.

"The valuation of the merged company will reach 60 billion US dollars, of course, this is only the most conservative valuation.

As far as I know, some American hedge funds have already started quoting, and the valuation will definitely be higher. "

When Cheng Wei told the news, the investors showed satisfied smiles on their faces.

The higher the valuation of the combined company, the more valuable their stake will be, which is certainly something to be happy about.

Cheng Wei waited for the applause to stop, and concluded: "Although Baidu has invested in Uber, in the domestic market, Uber can't beat us."

After the meeting, Cheng Wei specially held a celebration banquet and invited many elites from the media and capital circles.

The news of the merger between Didi and Kuaidi was officially announced at the same time.

Both Cheng Wei and Kuai’s CEO Lu Chuanwei sent an internal email to inform employees of the merger of the two companies.

Ostensibly Lu Chuanwei and Cheng Wei are both co-CEOs of the merged company.

But based on the fact that the president of the merged company is Liu Qing, everyone knows that Didi has won.

Investors on the fast side are also willing to cash out as soon as possible.

If the fight continues like this, many VCs with shallow pockets will no longer be able to hold on.

Cheng Wei became the focus of the reception, and many investors gathered around Cheng Wei to inquire about Didi's next round of financing.

After drinking for three rounds, Cheng Wei finally escaped under the pursuit of a group of enthusiastic investors.

I ran to Chen Dongcheng's place and picked some snacks to eat.

"Why didn't you go over to say hello?"

Chen Dongcheng smiled and shook his head: "You need investment, but I don't need it for now."

"Fuck, don't be too arrogant."

Cheng Wei laughed and cursed, and said with some pride: "After we merged with Kuaidi, although your equity has shrunk, it has also become more valuable."

Chen Dongcheng raised his glass with a smile: "Thank you."

Before Didi’s D round of financing, Chen Dongcheng did not follow, and his equity was diluted to 8%.

After the merger of the two companies, Didi will receive 55% of the shares, and Chen Dongcheng will hold 4.4% of the shares of the merged company.

After eating a few pieces of snacks, Cheng Wei finally had something in his stomach, and asked Chen Dongcheng, "Have you heard of Coatue Management, an American hedge fund?"

"I've heard of it, and it's well-known in America."

Cheng Wei looked around, and whispered: "A consortium of this fund offered a valuation of 87.5 billion US dollars to Kuaidi's senior management team, and planned to unite with several other fund institutions to eat 6 million of their hands. U.S. dollar stocks."

Chen Dongcheng only knows that Didi's stock is very valuable, but this time he understands how it is valuable.

According to this valuation, Chen Dongcheng has made a lot of money, with a return on investment as high as 640%.

Cheng Wei smiled and said: "How about it, do you want to thank me now?"

Chen Dongcheng deliberately teased him: "No problem, how many models can I arrange for you?"

Cheng Wei quickly waved his hands, and said with a sneer: "That's forgivable, let your sister-in-law know, and you won't tear me up when you go back."

"Mr. Cheng, who is this?"

While chatting, a middle-aged man came over to talk.

Cheng Wei smiled and pulled the other party to introduce: "Mr. Lu, this is one of our Didi investors, Chen Dongcheng."

"Hi Mr. Chen, I've heard his name for a long time, and I finally see you today!"

Lu Chuanwei and Chen Dongcheng shook hands, looked at Cheng Wei who couldn't hide his smile, and said with emotion: "If Mr. Chen had stood by our side back then, the situation today might have been different."

Cheng Wei replied calmly: "It's good for Mr. Lu to quit now. If you realize financial freedom as soon as possible, maybe you can see Mr. Lu in other fields."

Lu Chuanwei smiled wryly and shook his head: "It's difficult, today is Mr. Cheng's good day, so I won't bother you any more, excuse me."

Looking at Lv Chuanwei's somewhat downcast back, Chen Dongcheng was touched.

The ruthlessness of capital is evident at this moment.

Founders like them don't even want to have the right to speak in the company.

The same is true for Cheng Wei, who knows how to use both sides of the capital.

Chen Dongcheng asked casually: "After the merged payment channel access, do you choose WeChat or Alipay?"

"It must be connected. Don't look at Ahri's weak voice, but if you don't give face, it's pure death."

Cheng Wei is not cowardly, but really can't get around these two mountains.

If he hadn't hugged Teng Xun's thigh in time, how could he still be as brilliant as he is today?

Cheng Wei suddenly pointed at Peng Zhijian who was chatting with his friends, and asked, "Old Peng, is he planning to go it alone?"

"how do you know?"

"Old Peng asked me, and I was not interested in accepting his investment. I wondered at the beginning, didn't Fujixun already invest in us.

Lao Peng explained to me that he planned to resign and set up an investment company to invest in companies after the B round. "

"Then what do you say?"

"I'm free, I'm afraid that Lao Peng won't be able to vote."

Cheng Wei smiled: "Our next round of financing starts at 30 billion US dollars. Doesn't Uber want to play? We will stay with you to the end."

"So much money?"

Chen Dongcheng would definitely not be able to keep up. If he wanted to ensure that his equity would not be diluted, he would have to throw at least another one hundred million dollars into Didi.

There are many places to make money, and there is no need to continue throwing money at Didi.

Cheng Wei was a little embarrassed when he mentioned this: "Liu Qing means that if you don't vote in the next round, the director's seat needs to be released."

Before the merger, Chen Dongcheng was a director of Didilao, and Liu Qing didn't care.

But after the merger, Ali and Tencent will occupy two director positions.

Including the executives of the merged company, several of them must join the board of directors, and the number of seats is not enough.

"no problem."

Chen Dongcheng agreed very happily, but Cheng Wei was a little taken aback.

Why doesn't this guy show any reluctance?

Chen Dongcheng put down the cup with a smile, and patted Cheng Wei's arm: "It's nothing, I'm leaving first, I still have a project to deal with."

"Uh, good."

Waiting for Chen Dongcheng to walk out of the banquet hall, Cheng Wei felt a little lost.

The introduction of Liu Qing has indeed allowed Didi to develop rapidly and successfully merged with Kuaidi.

But in the same way, the capitalists trust Liu Qing more.

Cheng Wei didn't even know whether he was right or wrong to let Liu Qing join Didi.

Walking out of the banquet hall, the capital city at the end of October is full of crisp autumn air.

Walking on the street, suddenly several figures riding yellow bicycles caught Chen Dongcheng's attention.

The small yellow car of ofo couldn't be more recognizable. After walking for a while, Chen Dongcheng found a small yellow car parked casually on the sidewalk.

The tires are all flat, and the cost of the whole car is estimated to be 200 yuan.

However, the deposit for the small yellow bicycle is cheaper, the deposit of 99 yuan is 200 yuan less than that of the green orange bicycle.

Of course, the mainstream in the streets and alleys is still Qingju bicycles.

Whoever started Qingju Bike got 4000 million yuan, and Chen Dongcheng later lent Qingju Technology 5000 million yuan.

Compared with a bunch of poor college students starting a business, Qingju Technology's start is equivalent to driving a sports car.

The first batch of [-] Qingju bicycles has been put into the capital market.

Advertisements for Qingju Bicycles can be seen everywhere in the major subway screen doors, buildings, and bus shelters in the capital.

It can be said that the advertising budget invested by Qingju Bicycle in this period is quite large, and it is normal to burn tens of millions a week.

The generous advertising investment has resulted in a surge in the number of registered users.

With users, there is a deposit, and then use the deposit to buy financial management and cover the cost of publicity.

This development model was fully utilized by Zhao Yin.

[-] bicycles are not many in the capital city.

At the peak, the number of shared bicycles in Beijing reached more than 200 million.

There are always people who are greedy for cheap in the world. The deposit of Qingju bicycles is expensive, but ofo is cheap.

Ofo still has room for development. As long as there is a deposit, the capital will take the initiative to find it.

Zhao Yin spends almost half of every day negotiating financing matters with capital.

It's just that Qingju Technology's appetite is too great, and many capitals are not optimistic about Qingju Technology's profit model.

Zhao Yin was not satisfied with the valuation given, and the financing matter has been stranded.

Chen Dongcheng took a photo of the ofo bicycle and sent it to Zhao Yin: "Strictly guard, even if you want to lose it in the capital market, you can't lose it too quickly."

"Okay, don't worry."

Chen Dongcheng reminded Zhao Yin that he must be on guard.

……

Chen Dongcheng was just about to go back to the hotel when he suddenly received a WeChat message from Luo Yunqi: "I just arrived in the capital, did you leave?"

"I'll find you on the plane tomorrow?"