Ordinary Road 2010

"Don't dream, I'm sure Wanli Travel has done many transactions in private, and how different they are from Dudu..."

Speaking of this, he suddenly wanted to understand a problem, and suddenly realized: "I know why they want to raise money first, because the previous valuation is not enough!"

This guess is correct.

Since 2014, the valuation of the ride-hailing industry has basically maintained a doubling rate every year, which is in line with the growth rate of the business scale.

This time, Wanli Travel raised 20 billion U.S. dollars, and its post-investment valuation has reached 180 billion U.S. dollars. It was barely achieved after many users flowed in from rivals after the ride-hailing incident.

This is a trade-off. During this merger, the two sides were integrated at a ratio of 1:1. This is actually a disadvantage for the other side, because when Dudu Kuaidu merged with Uber, the valuation had reached 200 billion US dollars.

The reason why investors agreed to complete this merger in a slightly underestimated way is definitely not that they are willing to bear the price for the downline of the ride and the damage to the business.

Lin Yi paid great sincerity, he made two promises.

One is to raise the combined valuation to a new height in the next round of financing, so as to ensure that investors who have invested in any previous round of shares will not suffer book losses.

The second is that from next year, that is, in 2017, the merged Wanli Travel will be profitable for the first time in a full financial year.

On the day the news was announced, at least dozens of mainstream investment institutions were celebrating, because the merger meant that the three-year battle in the ride-hailing industry had finally come to an end.

Who's winning?

What's important about that, the important thing is that you don't have to burn money anymore!

Lin Yi and the others did not accept additional interviews after announcing the two news, leaving behind a group of reporters who were still in the dark and left first.

Some cleverly contacted the other party immediately, and only after confirming the news of the merger from there did they dare to believe it.

The middle-aged reporter later rejected the young apprentice's messy description of "just sanctions" and gave a professional report.

"The smoke cleared: the dust of the taxi war has settled, and the new king of traveling thousands of miles has ascended the throne".

Chapter 547 Liu Qing's Last Strike

After the news of the merger was announced, Lin Yi didn't care about the uproar in the outside world. After running around for a while, he calmed down.

This is just the beginning.

It only takes a moment to announce to the outside world, but for two companies with thousands of employees and businesses all over the country, the merger is a very complicated and systematic project.

The Deshi Building in Shangdi used to be the office of Dudu Kuaidu. After merging with Uber a few months ago, the signboard has not been changed. When Lin Yi arrived here, he found that the words Dudu had finally been taken away. Lost.

Because Lin Yi didn't notify before his arrival, no one was ready to receive him in advance, and everyone was very surprised when they saw the new boss.

"Uh... Hello, Mr. Lin!"

The staff who were forced to join Wanli Travel just now didn't seem to know how to address him, but fortunately, Lin Yi didn't intend to embarrass these people.

"Take me to find Liu Qing."

"Alright Mr. Lin, this way please."

Not surprisingly, Lin Yi met Liu Qing in the largest office, she didn't seem to have any official business to deal with, she just looked out the window boredly.

Just when Lin Yi was about to make a sound to signal his existence, Liu Qing spoke first.

"This office was used by Will before. Out of respect for him after he left, I didn't move in without permission. Now it belongs to you."

Lin Yi knew that this place once belonged to Cheng Wei. When Dudu merged with Kuaidu, he observed the lights in this room downstairs.

"Without this necessity, I will not move here, nor do I plan to keep this office. I will ask all the employees here to transfer to us."

"Can you accommodate so many people there?"

"We don't need so many people."

These words sounded very cruel. Fortunately, only the two of them were present with the door closed. If it was spread outside, it would immediately cause turmoil in the hearts of the people.

Apparently, what Lin Yi meant was that he would not accept all of Liu Qing's subordinates, and a large-scale layoff was imperative.

Liu Qing seemed not very surprised by this decision, she nodded and said:

"After the battle is over, there is really no need for so many people."

Lin Yi explained a few words on this issue, because before the two parties merged, he persuaded all investors to make this decision together.

The issue of employees is not the focus of their concern at all. Generally speaking, after the merger, stability will be the main focus in the short term. This time it is not Lin Yi who is bullying others.

"Wanli Travel has been established for a short time, but the development context is very clear, and it also attached great importance to internal issues before."

"On the other hand, you have experienced two large-scale mergers within two years. The organization is very bloated, and the business lines are also relatively complex. We need to spend a lot of energy to sort out."

"After the merger, there will be a large number of overlapping positions, and they will all be dealt with in the form of layoffs. In order to avoid too much turmoil, they may be carried out in batches."

Because the businesses of both parties are highly homogeneous, there is no need to worry about any impact.

"I see."

Liu Qing seemed very reasonable, "You promised investors that you would start making profits in 2017. This was something I wanted to do, but I didn't expect this opportunity to be given to you in the end."

In fact, what she said and what Lin Yi said were two different things, but Lin Yi didn't intend to correct her.

"Thank you for your understanding. If there is no objection, I hope that the teams of both parties can be arranged for a work handover as soon as possible."

Liu Qing finally turned around to face Lin Yi, and explained solemnly:

"Don't worry, I won't make trouble in this kind of matter, otherwise, not only you, but also the company's shareholders will not be able to explain it."

"But before that, I do have one more thing I want to discuss with you. I don't know if Mr. Lin is willing to give this opportunity."

Lin Yi gestured to her: "Please tell me."

Liu Qing asked: "For those people outside, I already understand what Mr. Lin means, but I don't know how to arrange it for myself?"

Lin Yi replied naturally: "You don't embarrass me, and I won't embarrass you either. As long as this merger is successfully completed with your cooperation, I promise to clear your stocks at the market price in the shortest possible time."

"That's not what I'm trying to say."

Liu Qing's words are always unexpected, "Based on my experience and connections in the capital market, I don't need to work hard on Mr. Lin to sell this stock."

It seems that this is really the case.

Liu Qing didn't let Lin Yi guess what she meant, and simply confessed her request.

"I want to stay."

"what do you mean?"

"I hope to fight for a place for myself in Wanli Travel after the merger."

Lin Yi was really surprised this time. This woman seemed to have forgotten that not long ago, the two had a relationship that was at odds.

But she also felt that it made sense, because Cheng Wei, who had been backstabbed by her before, could also come to ask for support without hesitation.

Yes, this is Liu Qing.

"Won't President Liu feel embarrassed? With the relationship between the two of us, I never imagined that we could work together in the future."

Liu Qing said without hesitation: "There is no obstacle for me. I always know why I work, and I can stick to my professional position."

"If you feel awkward, I will be very careful and try not to embarrass you. You will get used to it in a short time."

"I also want to clarify that the reason why I made this request is not because I am worried that I will lose my job after I leave here, or because I have any ulterior motives for taking tuk-tuk taxis."

"You don't have to worry about things like Will happening to you, because I've learned from this experience that it's a mistake to do so."

"The more convincing reason is that even after the merger, your control of the company is far beyond his, which is impossible for me to shake."

"It's just that I am still optimistic about the development of the taxi-hailing industry. With my professional experience and talents, only here can I play the greatest value."

"For you and me, this is a very ideal choice. I am willing to assist you so that this industry can go further."

I have to say that Lin Yi felt that this statement was an eye-opener, and he didn't know how to evaluate it for a while.

"Of course, I don't doubt it. It's just that I have thought about it very hard, but I still can't think of a reason why it must be you."

Liu Qing was quite persistent, showing that her proposal just now was not a joke.

"Lin Yi, you won this game, I admit it, I am a person who is willing to bet and admit defeat."

"I just mentioned that my ability in the capital market is not casual, and you should have a deep understanding of it."

"Although you are the only player left in the taxi-hailing software market, the profit you promised may not be so easy, otherwise Uber would not have been troubled by this for many years."

"I believe that in many moments in the future, you still need the support of investors, and I can help you solve many problems."

"Lin Yi, you need me."

What Liu Qing said was quite pertinent, but Lin Yi didn't plan to agree.

"I admit that the difficulties you mentioned are real, and I don't dare to say that I can handle them 100% of the time."

"But I think you have a misunderstanding. When I choose a partner, I don't just look at whether she is talented and capable, whether she has enough background, and whether she can meet my expectations of her."

"More importantly, like-minded."

"Miss Liu Qing, I don't intend to offend, but I don't think the two of us can reach an agreement on this issue, so I'm afraid we can only be rivals, and we have no fate to work together."

"I'm pretty sure I don't need you."

Chapter 548

"Dear Colleagues:

Wanli Travel was established in July 2013 with only two people at first.Two months later, we and other small partners came up with the first version of the APP.

Today, Wanli Travel has gone through three years. We have changed from a small entrepreneurial team with students as the backbone to a super unicorn with thousands of employees.

I believe you all know the news announced not long ago that we will complete the merger with our competitors who have been fighting each other for three years, and will soon become the unique leader in the ride-hailing industry.

In the past three years, we have worked hard together, always maintained the entrepreneurial spirit, and faced difficulties without fear.

We are united as one, we have faced tests time after time with unity and tenacity, and walked through the long night together.

Today is our harvest season.

I congratulate everyone and thank everyone.This honor belongs to you, to me, and to the three-year-old Wanli Travel.

Yes, it is only three years old.

If this is a newborn child, it may not even walk steadily, and we not only hope that it will travel steadily and far, but also look forward to flying high.

The future is not smooth, and I want to remind you even in this joyous moment.

We used a three-year adventure to prove that we are smart enough, brave enough and lucky enough.

But this is not the end.

There are still many stubborn diseases in the industry waiting for us to resolve, and there are still many unforeseen difficulties waiting for us to discover and overcome.

I hope that we can meet the next challenge with the wisdom and willpower at that moment, as well as the optimism and firmness at this moment.

May we always keep our original intentions.

May we live up to our mission. "

Liu Jianni's evaluation after reading the internal letter drafted by Lin Yi herself is: "Although it is good to be prepared for danger in times of peace, shouldn't it be simpler and festive at this time?"

Li Moyan said, "I think it's pretty good."

Wang Kai tried his best not to intervene in matters outside the scope of his duties and could be ignored.

Liu Jianni also didn't intend to offend Lin Yi and Li Moyan on such a trivial matter, so she threw up her hands indifferently upon hearing this.

They both think it's OK.

"The merger went smoothly this time. Liu Qing and her subordinates are very cooperative, and there is no real obstacle between the two parties. But isn't it a pity to dismiss them all?"

"Whoever you fancy, just stay."

Liu Qing brought in a group of employees from the investment banking department to Dudu Kuaidu, and most of the original Uber people had good resumes, so there must be some people who can be used.

From Lin Yi's point of view, he doesn't care about the background and origin of individual employees, as long as the overall internal environment is fair and orderly.

"I heard you rejected Liu Qing?"

This is an unusual question. Lin glanced at his CFO: "That's the case. Is she so persistent that I ask you to speak for her?"

Liu Jianni clarified: "I don't have any personal relationship with Liu Qing. I heard about this matter from other places, and I didn't accept anyone's entrustment."

"To be honest, my first reaction when I heard about this was fantasy, but after careful consideration, I found that it seemed to be a good arrangement."

"If you examine her as a management candidate, Liu Qing's conditions are very good. She can do things that none of us can do."