Ordinary Road 2010

Lin Yi understood now.

If it wasn't for Cheng Wei's idleness and boredom to shake himself, then this would undoubtedly be an explosive big news in the industry.

For Lin Yi, it has a more special meaning.

Although due to his appearance, the situation in the taxi-hailing industry has long been disrupted beyond recognition, and even the food delivery industry he briefly participated in has changed from his previous life.

But the general framework and trend remain unchanged. For example, Wang Xing is still breaking with Factory A.

As the founder of Dudu Taxi, Cheng Wei was kicked out by his own company. This was something that had never happened in his previous life, even without warning signs.

"Boss Cheng isn't joking, is he?"

"Do you think I'd make fun of this kind of thing?"

Well, since Cheng Wei asked the question like this, Lin Yi couldn't help but believe the reality.

But when you think about it carefully, it doesn't seem particularly bizarre. After all, even Kalanick, who was so invincible, was fired by Uber's board of directors a few years later.

"Why did this happen so suddenly? I mean, even when I paid so much attention to Dudu Kuaidu, I didn't hear any news?"

"If you have heard the wind, how could I be completely kept in the dark and be swept out so easily?"

Makes sense.

Lin Yi finally accepted this setting. Looking at Cheng Wei like this, there is no need to guess who is the culprit. There is only one person who may threaten his status in Dudu.

"Is it Liu Qing?"

"Correct."

Cheng Wei didn't wait for Lin to ask questions again and again slowly, and said the matter all by himself.

"Liu Qing not long ago sent me a notice to convene a shareholders' meeting. Of course, because I am also a shareholder, the topic is to remove myself."

"I was surprised at the time. I can guarantee that the level of surprise is far greater than what you feel now. You won't understand how ridiculous I feel in my heart."

"But the performance of Liu Qing and the investors she brought told me clearly that she was not joking, this matter is true."

"At the time Liu Qing said that she was absolutely sure, but I still didn't quite believe it."

"Before the meeting, I tried to meet with all the important shareholders of Dudu Kuaidu, but they either avoided seeing them or told me that they agreed with Liu Qing's opinion."

"That's when I realized how long Liu Qing had planned for this matter. Fortunately, I used to think that she was solely responsible for the financing work, which greatly relieved my pressure. Looking back now, it's just too ridiculous."

"In short, the time Liu Qing left for me was too late to prevent this from happening, so today, as she said, most investors have already sided with her."

"Especially for the 10 billion US dollars that was raised recently, those investors all supported Liu Qing. It's hard to believe that she didn't make any exchanges or promises in private before introducing these institutions."

"The most frightening thing is that so many things she did did not reach my ears at all, because she avoided all the people who might be inclined to me."

"She is so guarded against me, I don't know whether I should thank her for her attention."

When Cheng Wei said this, he laughed a little, as if he was laughing at himself.

It doesn't take him to explain it too clearly, Lin Yi can think of it, Cheng Wei will not be so confused that he doesn't even have a shareholder who supports him.

But how well Liu Qing calculated the accounts, she must have won the support of shareholders representing more than half of the voting rights before going to Cheng Wei for a showdown.

Having said that, Lin always knew that Dudu or Cheng Wei had such a hidden danger, but he didn't expect it to explode in such a form.

That is Cheng Wei's control over the company.

Because he raised too many times from the angel round, the equity was diluted very quickly. Even out of the initial 80 yuan, only 10 yuan was paid by himself.

However, Lin Yi always feels that replacing the founder is not a positive news for a start-up company, and this rarely happens.

What's more, Tutu taxi now clearly has an advantage in the industry, so it makes no sense for the founder to hinder the company's development.

"If it's just Liu Qing who wants to grab the CEO position, I'm afraid there will be very few investors willing to support her, so whose way are you blocking?"

Lin Yi's first reaction was Goose Factory, but he racked his brains and couldn't figure out how Cheng Wei could offend Goose Factory, he wouldn't be that stupid.

"I'm in everyone's way."

Cheng Wei's answer was different from what he had imagined, "Liu Qing proposed a merger with Uber, but I vetoed it after talking with Kalanick."

"Actually, I am not opposed to the merger, but Uber's conditions are too harsh. My proposition is to wait until the other party changes its mind before proceeding."

"But Liu Qing can't wait any longer. She told me that investors are extremely tired of the endless burning of money. They urgently need a truce, and they will do whatever it takes."

"For them, no one is irreplaceable."

Chapter 533 Who are the heroes of the world?

Lin Yi understood all the ins and outs, but now he still has one doubt.

"I don't know if Mr. Cheng came to me on purpose and told me about it without reservation. Does he have any hope for me or Wanli travel?"

"I do not know either."

Cheng Wei gave an unexpected answer, thought for a while and added:

"Although I am no longer the CEO of Dudu Kuaidu, Liu Qing did not kick me out. In fact, I left as soon as the results of the shareholder meeting came out."

"I was wandering aimlessly around the company in a very complicated mood, and I walked downstairs to your building unknowingly, and then decided to come up to see you by accident."

"I know I can't hide this matter from you, so I don't need to hide anything from you. I just told you some more details."

"As for what hope I have for you, I can't say it all at once."

It is normal for Cheng Wei to be at a loss. He had been in contact with Lin Yi as the CEO of Dudu, but he suddenly lost this identity and felt at a loss.

"But I think, if there is one person who can, or if I am willing to share this matter with him, it must be you."

Lin Yi said with a smile: "Thank you, President Cheng, for your kindness. This news is still very important to me. Knowing in advance will give us more time to react."

"Looking at Mr. Cheng's kindness, I'm sorry to remind you that this news will not be announced so soon. During this period of time, you still have the opportunity to be active among the shareholders of Dudu Kuaidu."

Of course Lin Yi knew that this chance was very slim.

Since those investors have all decided to support Liu Qing in such a risky thing as firing the founder, they will not change their minds for a while.

Yu Gong said that he hoped that Cheng Wei and Liu Qing would be more quarrelsome in the company, and even make it more ugly in public.

Personally speaking, he personally doesn't want to see someone like Liu Qing in charge of the country's largest taxi-hailing app.

"It's not necessary."

Cheng Wei is obviously very clear about his situation, "I have worked with Liu Qing for so long, and I know that she is a watertight person. I didn't understand what kind of feeling it was until I became an enemy of her."

"You may sound ridiculous, but I still think I know Liu Qing so well."

"When she told me she was going to fire me, I did have doubts and feel like I never knew her."

"But after it really happened, when I looked back now, I realized that everything was actually a sign."

"I didn't misunderstand Liu Qing, or this is what the Liu Qing I know can do. It's just that I was limited by my industry experience and few such precedents, so I subconsciously avoided this kind of thing. It's just a possibility."

"I do expect a revenge against Liu Qing, but she won't give me this chance."

"And I won't do it at the expense of Tuk-Tuk, and I'm pretty sure my feelings for the company I founded must be above hers."

"So if you hope that the fight between me and Liu Qing's snipe and clam will affect the company's operations, and then you will benefit from it, I'm afraid you have miscalculated."

"But I did figure it out why I came here to look for you."

After talking so much, Cheng Wei seemed to be much more relaxed than at the beginning, and even gave Lin Yi a rare smile.

"Lin Yi, I said before that I have a hunch that the winner in this industry will be between the two of us."

"Now this premonition has not disappeared, but has become stronger."

"Although I can't say why now, and I never plan to make wedding clothes for you, I do feel that you are more likely than Liu Qing to be the one who cleans up the situation. This is a prophecy."

Lin Yi is not a psychologist, he didn't want to analyze Cheng Wei's sympathy or what effect, but he was grateful for this report.

"Lend your auspicious words."

……

Lin Yi didn't know if Cheng Wei had any more open and secret fights with Liu Qing after he went back. Based on his understanding of Cheng Wei, he shouldn't be able to disintegrate his fighting spirit so easily.

But as Cheng Wei said, at least they didn't make this incident known to everyone.

There are many insiders about this matter, and even though all the parties concerned kept it secret, it still spread slowly within the industry.

There was no movement from the media at all.

I don't know if it's because they didn't know the news or they have already charged Dudu Kuaidu for their silence. In short, there is no news at the company level.

As soon as this matter is announced, whether it is "The founder is out, Dudu Chengwei becomes the second leader of Qiao Gang?" ", or "Dudu's internal changes, the senior leaders of the investment banking department collectively dismissed get out of class", neither is good news for the company.

So Liu Qing didn't do that at all.

Shortly after Lin Yi and Cheng Wei met this time, Dudu Kuaidu and Uber suddenly jointly announced that the two parties had reached an agreement to merge.

The branch responsible for the mainland business previously split by Uber was merged into Kuaidu as a whole, and Uber headquarters in the United States will become one of the shareholders of the new company and send a director.

After the merger, the president and CEO of the new company will be served by Liu Qing, the former president of Dudu Kuaidu, and she will also become a member of Uber's board of directors.

All of a sudden, all eyes were on these two companies, and the swarming media almost broke the threshold.

"What is the relationship between the two companies after the merger?"

Liu Qing spoke eloquently to reporters: "Although we have completed the merger with Uber China at the company level, at the product level, we will currently operate the two brands of Dudu and Uber at the same time."

"On the team, we will integrate the strengths of Dudu and Uber China. We are very experienced in this. We have demonstrated once when we merged with Kuaidu and achieved very good results."

"In terms of business, Uber and the new company also have a clear-cut stand, and all our users can communicate with each other."

"Overseas Uber users can still use our products in China, and our users can directly use Uber overseas."

The reporter asked: "In other words, Dudu Kuaidu has given up its previous alliance with Lyft, Grab Taxi and Ola, and instead cooperated with Uber, right?"

Liu Qing said: "We will not give up our original cooperation, but I think it should be understood that with Uber's leading position in the global market, we are providing customers with more high-quality and convenient overseas taxi services."

The reporter is also a human being, so I don’t want to dwell on it anymore, but just added another question: “What position will Mr. Cheng Wei, the former CEO of Dudu Kuaidu, take after the merger? I don’t think it was mentioned in the announcement.”

Liu Qing's expression remained unchanged, and he said in a warm spring breeze: "For personal reasons, after the merger, Will will retire behind the scenes and will not hold a position in the new company."

"Of course we are very grateful for all his contributions to the company, and the future development of the company will all depend on the solid foundation he laid."

"After this merger, our new company will have a localization team from Kuaidu and Uber's international vision. I believe this new Dudu will go further."

Chapter 534 The Last Confrontation

"It's finally the last round."

When Lin Yi said this, he was also very emotional, because the competition in the taxi industry in the past few years has been too tortuous.

When he entered the game in 2013, the top three at that time were Dudu, Kuaidu and Shencheng's Dahuangfeng. Wanli Travel acquired the latter and took its place.

In 2014, the main competitors were Wanli Chuxing, Dudu and Kuaidu, but the ranking changed after a subsidy war.

At the beginning of 2015, after the merger of Dudu and Kuaidu, they overtook it, but soon Uber entered the market in a big way, and it was still a three-point situation in the world.

In 2016, even Uber, the super unicorn with the strongest financing ability in history, could not survive, and the two rivals of Wanli Chuxing merged again.

This game finally reached the finals.

"However, our current situation is far from optimistic. After the merger, Liu Qing is in charge of this company. The existence of what she calls Xindudu is indeed an opponent we have never faced before."

"After the merger, the valuation of New Dudu will probably reach 200 billion U.S. dollars, and the cash reserve is expected to be more than 40 billion U.S. dollars, which is almost twice our size."

"How are they going these days?"

Focusing on this merger is Li Moyan's main work recently. At this time, she introduced: "The merger of the two companies is still in progress, and the process will take some time with their current scale."

"From a system point of view, Dudu Kuaidu is too complicated, and it is impossible to dismantle it and merge it into Uber, it can only be reversed."

"However, in terms of the team, this time Liu Qing did not lay off a single person like the last time when she merged with Kuaidu. She retained a large number of original Uber personnel."

Uber's own product line is very clean. It doesn't even make any buses like Tudu and Kuaidu, and compete with buses for business.

And after all, the volume of Dudu Kuaidu in China is several times that of Uber, and it is expected that the former is the mainstay.

As for the team, Lin Yi speculated for a while: "Although Liu Qing started his own business in Dudu after he came out of Goldman Sachs, he may be more accustomed to and favor Uber's corporate culture."

What is Uber's corporate culture?

The ultimate elitism.

Li Moyan added: "Even so, there are still many former Uber employees who couldn't stand the merger with Dudu Kuaidu and chose to leave."