Salted Fish’s Self-help Strategy

In fact, the core of this problem is not the time from discovery to decision-making, but the high valuation of Xiaokang, and M&A decisions must not be made lightly.

　　 Although it is said that the valuation after the acquisition of fresh food e-commerce by Xiaokang is only 34 billion, it is the same as the transaction price of Pakistani games, and the transaction of Pakistani games is made quickly, and Ali reacts quickly. But it should be noted that the valuation of Pakistani Games is very simple, because the product flow and profit are there, and the copyright value is there. No matter whether Ali is acquired or not, it will not increase or decrease.

　　 And Xiaokang, assuming a valuation of 34 billion, Ali must calculate, is it really worth 34 billion now, or after the merger and acquisition, can it be worth 34 billion through the empowerment of Ali? Or can't it arrive?

　　 Therefore, no matter how fast the acquisition of Pakistani Games is, there is nothing wrong with it, and there will be no hidden pits. When doing mergers and acquisitions, whether the subject matter has a cheating temperament is very important.

　　 Comparatively speaking, Xiaokang’s valuation basically relies on Chu Yuanxi’s bidding up, full of cheating, and Ali makes decisions so quickly. The difference here is big, so this question arises.

　　 At this time, Uncle Sheng had already hurriedly ended the telephone conference with the brother company, and then ran over. He and Lao Fan are also very familiar, but he did not expect that the people who came to talk about Xiaokang instead of Pakistani people.

　　 When he entered the door, he happened to see Lao Fan smile slightly and said, "We always make decisions very quickly."

　　 "This is too fast, right? I didn't even realize that these functions are called social interactions. You even make decisions. Are you too sensitive to social interactions?"

　　 "Insensitive and insensitive." Chen Junsheng shook his head quickly, "We can't overestimate the things you made out of Mr. Chu. We are old friends, haha."

　　 This laughter is very round, but I don’t know if there is a bit of sincerity, there may be a bitter smile in it. People in the venture capital circle today know that the reason why Chu Yuanxi is so emboldened and his waist is so hard is because he holds Ali's money. If the Pakistani games hadn't been traded at the time, then "Unwinding in the Wind" would still be able to make hundreds of millions of dollars a month, but if you want to come up with 3.55 billion milk in one go, the Pakistani people will probably burst.

　　Don’t forget that there is also a Pre_B payment for the mobile payment license that is also paid by the Pakistani people. So, whether Xiaokang is engaged in payment or socializing, I have to thank these two big guys in front of me, and thank you, Baba for your care! Lao Fan, who single-handedly dominates the transaction, and Chen Junsheng, who is in charge of domestic investment, also have mixed flavors due to professional ethics.

　　 I only heard Chu Yuanxi ask calmly: "What about the price?"

　　 Chen Junsheng and Lao Fan looked at each other: "How about we pay 40 billion? Please trust our sincerity."

　　 Chu Yuanxi said that there must be fraud! No matter how you look at it, this bid is very reasonable. It is higher than the valuation of 34 billion yuan, and it is not particularly high. If you don't consider the 300 billion slogan that Chu Yuanxi shouted back then, it is an offer worth taking seriously.

　　 However, things that are too reasonable always make people doubt, especially Chu Yuanxi knows how many places along the way he can move his mind and dig holes.

　　It's not that entrepreneurs don't know how to dig pits, and digging pits for themselves is not even new. The reason why the pit is a pit is that it is difficult to perceive it before falling in. At least you have to enter the field and do due diligence to feel where there may be a pit.

　　 So when Ali gave this price, Chu Yuanxi felt that there was a problem, but what was the problem?

　　 Is it a low-level procrastination problem like Li Jingfei? Sluggish the next round of financing? This is impossible, because Xiaokang still has a lot of money. After all, it has raised 4 billion yuan at a time, and it is still too early for the next financing. In other words, since this time is chosen, it is impossible to achieve the same purpose.

　　 is to get a glimpse of well-off? This price is also relatively high, because Chu Yuanxi will definitely not allow anyone to come in for due diligence in the name of mergers and acquisitions. Even the two rounds of financing did not open full investigative powers to investors, and only opened up the parts described in the roadshow. Right to investigate.

This also allows investors to check the financial reports of traditional commercial retail arts such as well-off stores, logistics, supply chain, and cash flow. This is an area that is prone to financial fraud. Investigations involving mobile Internet are mainly limited to DAU. Places like customer unit price.

　　 Before the merger, it is obvious that a thorough investigation is needed. For someone as cautious as Chu Yuanxi, the answer is definitely not to talk. Others don’t know. Can anyone who has bought Pakistani games know?

　　 Therefore, there is a high probability that the Pakistani Games M&A process and terms will be invoked. After the contract is signed, the first money will be paid first and then delivered. After the delivery, the second money will be paid, and the money will be adjusted after the payment. After due diligence, as long as Xiaokang itself is honest and the reported data is true, then the acquirer withdraws the acquisition and the first two sums of money will not be refunded.

　　 It costs more than 20 billion to spy on the well-off virtual reality in this way. Ali is definitely not crazy. Chu Yuanxi is crazy and Ali will not be crazy, and it is impossible for the SAN value to go crazy. We must know that Ali has been extremely cautious in foreign investment this year. In the first 4 months of today, in the first 4 months of today, in the domestic Penguin investment more than 30 times, Ali only shot 3 times, and the two have their own ways of playing.

　　 Ali is hot with a lot of money now, but he is not eager to bet. He is very stable and absolutely impossible to go crazy. In fact, the more powerful companies now pay more attention to one thing, that is, robbing people. Many companies that are still alive are looking for real talent on the battlefield. Under the huge waves, even a genius may not be able to turn the tide. With the fall of the company or strategic layoffs, it will be in a state of being available for use.

　　 Xiaokang is the same, even Liu Lu is more excited than usual, because the chances of getting talented online are greater. Among her recent interviews, 30% have served as executives of well-known startups, and the quality of interviews has refreshed the historical market. This can be regarded as another version of "others fear I am greedy."

　　 In short, Ali is not crazy, how can I get rid of the well-off pit? Rely on believing in Chu Yuanxi's character? Chu Yuanxi didn't believe it herself! Before the small blue cup burst, it was called "the light of the nation". Isn't it much more credible than Xiaokang?

　　 There is another method called relying on inner ghosts. However, Xiaokang's business is too complicated. No one on this planet plays that way. Unless Yuan Mu is an inner ghost, it is impossible for other inner ghosts to help people eliminate the possibility of cheating. Like Hao Yi, he doesn't even have the qualifications to be a ghost.

　　 As for how can one COO make three-quarters of the finances false? Sorry, Xiaokang has no COO.

　　 quickly eliminated all impossible options, leaving the only possibility, even if it seems unreasonable, the answer is this one! Thinking of this, Chu Yuanxi blurted out: "I believe in your sincerity, but you must have started copying well-off society a long time ago, right now, right? So I plan to rely on money to solve the problem. Ha!"

　　 It's ugly to say that copycats are straightforward, but people are copycats themselves, so why should they avoid it? No need. People with higher levels don't need hypocrisy, because hypocrisy is meaningless. As soon as he said this, he immediately began to face each other. Sure enough, there was a trace of embarrassment on Lao Fan's face. On the contrary, Chen Junsheng managed his expression very well, and he was indeed responsible for the investment.

　　 So Chu Yuanxi turned his fire to Chen Junsheng: "With my years of experience in starting a business in the footsteps of Jack, this matter must be strange! Let me guess, um, the copycat cannot go on because of data, right?"

　　 Chen Junsheng finally moved.

Chu Yuanxi chased after him. First, it was like a sand sculpture hahahaha, and then said: "We are all old friends, not outsiders, so I just asked, when did you start doing it? Which function of Xiaokang was used by you? Did you fancy it?"

Lao Fan was quite a bachelor, and he didn’t justify it even when he was captured on the spot. He said: “Probably after the city treasure went online, before the AI ​​leader went online. You sent the business to the magic city to find Laohou before, I heard Laohou say yes When they received your cooperation email, they were tempted when they saw the function description, and then went straight to the horse to start research and development."

　　 Uncle Sheng squatted in the corner and silently added: "It is the start of the cottage."

Although he doesn’t know much about Xiaokang’s side, Xue Ming’s incubation and entrepreneurship is a big deal for the Pakistani people. It’s impossible for him, the senior vice president, to just ask and talk to Xue Ming, so he knows Xue Ming is Chu Yuanxi's well-off may have been anxious about being copied by giants. I never expected to see Chu Yuanxi grab a copy today...

　　Chu Yuanxi said that he had started to copy Hippo before Cynthia went, and then he talked and laughed happily with Aunt Cynthia, no wonder the smoothness made her feel incredible. It really deserves to be an old world!

　　 "All right, I don't think it is suitable to continue talking today. Let's have a meal together?"

　　 "No, no, no..." Chen Junsheng waved his hand quickly, and he felt like an arrow at home. Why is it not suitable to continue talking? Because the price code is definitely not appropriate. This price code, both parties know in their hearts, not based on the well-off valuation. Even if mergers and acquisitions or privatization and delisting are conducted on the open market, a premium must be given. Now the two sides are completely unequal.

　　 However, Uncle Sheng didn't understand. How did she feel that Chu Yuanxi's posture didn't seem to refuse to talk about being well-off and selling herself?

　　Chu Yuanxi is a little trick to guess the opponent perfectly. At this time, avoid being a little overwhelmed, first come with a bunch of haha, and then pursue the victory: "You have to hurry, I guess Huang Tuan is coming soon."

　　 Lao Fan suddenly became angry: "What do you think Huang Tuan does for eating? Is it okay for people to act faster than us? Why do you think we value you so much?"

　　 "What?" Chu Yuanxi really wanted to laugh.

　　 is far behind Ali Huang Tuan. Ali wants to do this on the premise that he wants to do it quickly and does not give others time. Others include both well-off and other giants. If you don't pursue time, Alibaba can do it slowly. One half year is almost the same. The rest is promotion and operation, which will be carried out for a year. This is the strategic window period that Chu Yuanxi calculated.

　　 This is an essential difference from the original world. The original well-off world did not pay, and went straight to the social network, and launched the social network in a raid, which was a series of big moves.

　　 This also means that the risk is high and the success rate is low. Walking a tightrope does not mean that you can go there. Therefore, this time Chu Yuanxi did not choose to make a surprise attack, but to develop step by step. As long as the strategic window period of one year is used well, the giants will not be easy to follow.

　　 As for Huang Tuan, Chu Yuanxi feels very sorry, Huang Tuan will never be able to do it. Time is not the decisive factor, unless the existing business model is changed. Huang Tuan wants to do local life and social life, the only opportunity is to buy a well-off.

　　 The problem is that Huang Tuan is very busy now, it is also landing a power bank, it is also a fresh food e-commerce business, and it has also engaged in user trust points. This is to upgrade the products that lend users to loans, but the mentality is very anxious.

　　 Of course, anxiety is not wrong, especially when being an MT. The two bosses of Ali Penguin, the news in front of Penguin, the MT in front of Ali is more, almost able to form a tank regiment, Pinduoduo, Huang Tuan, Dagoudong lined up.

But the strength of Ali’s background lies in his ability to attack in multiple ways, fight a lot, step on the big dog, and have free time to send a brigade to the back of the Huang Tuan to harass. That is hello, start eating, drinking and having fun. , And borrow money to save money.

　　 These last four words were taken out by Ali under the background of Ali. How could Huang Meituan not be anxious? It was just that Hu Chuankui met the Japanese invaders by the Yangcheng Lake, and he had to shoot if he didn't want to shoot.

　　 sent away Lao Fan and Chen Junsheng, Chu Yuanxi had to eat with Uncle Sheng, and listened to him to report the progress of the crew. Soon after the report was finished, Uncle Sheng immediately asked: "Do you really want to continue talking with Lao Fan about M&A?"

　　 "It's just a slow strategy." Chu Yuanxi said that if the giants really react so quickly, the well-off strategic window period cannot be counted from the launch of the AI ​​group leader, at least one month forward, starting from the city treasure. For a well-off, time is life. This month may become the key. Therefore, one day can be delayed, and it can’t be delayed. It may involve Ali’s energy.

　　Malicious investment can demand exclusiveness, and then talk about it for half a year and say that Laozi has stopped investing. Why can't I delay the acquisition? We are very sincere, but we are not satisfied with the price. The problem is that as long as the well-off society develops as planned, the asking price will also get higher and higher, and there is no need to find excuses. The price code mentioned before is time-sensitive, and it cannot be as happy as buying a game.

"Oh." Uncle Sheng continued to sullen his head to eat, and then asked for a long while: "What happened just now? Why did you hit them with a single shot? I mean how do you know that they started copycats a long time ago, and the copycats can't go down because of the data? What’s wrong with the data of the Chinese government?” Although he did not directly invest in the well-off society, the Pakistani people made a heavy bet. As a majority shareholder with more than 5% of the shares of the Pakistani people, he certainly has the right to have reason to care about the well-off activities.

　　 I saw that Chu Yuanxi was very calm, gobbled it up and said, "It's not that much, it just doesn't have data, so I can't copy it."

　　 "Then I don't understand. Why did they start the cottage in the first place without data?"

"Because, I'm talking about cycling data, they thought they had cycling data at first." Chu Yuanxi couldn't help but spit out a few bites of food when she said that she was proud, and the work meal that was not usually delicious also changed. It tastes delicious.

　　 So Uncle Sheng was completely at a loss: "Ali has bicycles and stores, do you think they have bad data?"

　　 "It's very fortunate, I happened to bet on the right, their data is not good." Chu Yuanxi felt that her waist was no longer sore, and her kidneys were no longer painful, as if she was five years younger.

"There are too many people who want to reproduce Xiaokang. If the opener opened a small store but not a large store, they are guaranteed to follow the small recovery. But it is useless. They will not use the key riding data until Xiaokang launches new features. Save, note that I’m talking about riding trajectory data. The focus is on saving the trajectory, not the starting and ending positions. Hippo and Huang Tuan want to reproduce, okay, it’s actually easy to set up a project, who can’t copy homework? But copy it I found that I didn’t bring a calculator. I have to do a little bit. Do you understand?"

This one is no longer a secret, because competitors undoubtedly know that this key data is not in their own hands, and they have to collect and save it from the beginning. Only uncle Sheng, who eats melons who don’t know it, will treat it as a melon. .

　　 Is this job difficult? It's not difficult to say, but it takes time, and how to use and mine the data? For the inexperienced, there are still many pitfalls to step on how to cooperate with the store.

　　 "I rely on, cycling track data... so important?"

"Of course, it's like they will save trajectory data. Do you think Hello, Huang Tuan, Xiaoju are so idle, they will save the data they don't need? What do they save for? Do you know how to use it? Just like you don’t need to practice dragon slaying swords~www.wuxiaspot.com~ there is no dragon in the world. But Xiaokang now announces that dragons are coming, and dragon slaying swords can only be practiced from scratch."

　　 Chu Yuanxi had already opened Weibo and was about to post one. After thinking about it, he was not kind, and too arrogant, not conducive to continued low-key development, so he put his phone away again. After all, hiding behind the MTs crazy output kingly way.

　　Actually, the opener is a typical example, because after a period of operation, their intensity of placing bicycles has obviously declined, and the operation is extremely sparse, basically using bicycles as an advertising tool. Xiaokang maintained the intensity of the investment, and the operation was very strong. Luo Rong, who was in charge of the operation at the annual meeting, was almost promoted to vice president, but he missed the pole position because of his own guilty conscience and no self-recommendation.

　　 So the door opener is a typical copy job and only copy the visible part. Presumably during this time, there should be some forces visiting the door opener, right? Chu Yuanxi wanted to ask Li Jingfei, do you know why you want to cast a bike? If you don’t know, would you save your riding track?

　　 Huang Tuan is even worse than the opener. It is advantageous for Ali to establish this set of data. Not only Hippo stores of large, medium and small, there are also bicycles, as well as Gaode maps. The opener only has stores and bicycles, while Huang Tuan only has bicycles. Although there are many merchants on the platform, they do not own stores. The map is not developed for similar purposes. Not only is it incomparable with Gaode, but even inferior to the R&D expenditure of Xiaokang Maps. .

　　 This shows why Xiaokang has invested hundreds of millions of dollars in map research and development. It's not that enough, it's all in the audience.

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