Becoming the richest man starts with making complaints

Xiao Gang moved very quickly. After Cao Shen expressed his interest in Life Cyber ​​and asked him to help with the adjustment, it only took half a month to complete it.

Judging from Xiao Gang's feedback, Jack Chen is indeed very capable. His products are innovative, his technology is solid, his promotion strategies are strategic, and his management and execution abilities are in place.

As for Jack Chen’s two partners, use Xiao Gang’s evaluation:

"Short-sighted."

In this case, the founder can just keep Jack Chen alone.

Therefore, Mr. Cao directly offered a price of US$500 million to acquire a total of 30% of the shares from the other two founders, and cleared them out at the same time.

It was given a valuation of 600 million and invested 120 million US dollars in it. This is equivalent to a total of 41% of the shares in hand. Boss Xiao also followed up with 60 million US dollars and took 10%.

Together, the two hold 51% of LifeCyber's shares and become the majority shareholder.

Of course Jack Chen is willing to do this. Ocra Capital is a top investment institution. Their investment is a direct blessing. Judging from this card, subsequent financing will be much easier.

More importantly, Ocra Capital revealed to Chen Jack that Cao Shen was among its LPs.

Because Ocar Capital has a "special" background, Xiao Gang will naturally not tell him the truth.

However, as an international fund, the investors behind it appear to be mainly from the UAE, and naturally there are also a small number of people from other countries. It is reasonable for Cao Shen to be one of the "other countries". After all, this is also a market-oriented capital.

And Ocar Capital also said that because LP Mr. Cao is very optimistic about Life Cyber, he also invested US$12 million alone, accounting for 2% of the shares.

As a "Dongguan native", this shareholding ratio is acceptable for American companies.

When Jack Chen learned that his idol was so helpful to him, he not only introduced investment institutions but also paid money. In addition to being moved, he was even more excited and confident.

As for some of LifeCyber's earlier institutional investors, they are generally not willing to let institutional investors serve as major shareholders in a company in its early stages. This will damage the team's enthusiasm and give the institution too much say.

But their attitudes towards Ocar Capital are obviously different.

First, this institution is so prestigious that investors like to cuddle together. It would be best to have a top brand institution cuddle up with them.

Second, this organization is too rich. The Emirates are rich people sitting on oil! With deep pockets, if the project encounters difficulties in the future and financing fails, they can still raise a round of financing internally to support it.

Third, investment from this institution means that the project is safe. Because judging from past records, Ocar Capital has done a lot of investing and acquiring companies.

If LifeCyber ​​fails to go public in the end and sells its shares to Ocar Capital and lets it acquire it, it will be regarded as a successful exit of the project.

Therefore, this is a business where you can advance, attack, retreat or defend, and you can make a profit without losing any money.

Ever since, everyone was happy and welcomed the arrival of OC!

After the investment was settled, Cao Shen sent an email to Chen Jack overnight and attached a cloud file link.

Jack Chen was very excited when he received the email from his idol and excitedly clicked on the link.

At first glance, people were dumbfounded.

Except for the logo, this is Cao Shen’s pixel-level copy of Facebook, using the system’s website editor to recreate LifeCyber.

Oh, it can’t be said that it’s a pixel-level copy. Cao Shen has still optimized some of the things that he thinks Facebook is not easy to use, such as the simplicity of the interactive interface.

Some functions have been deleted and are planned to be released later.

After all, if you give users too many things at once, users will feel confused and the threshold for acceptance will be high.

The email also included a sentence:

"Change your domain name and run directly.

Jack Chen was in a cold sweat. This was equivalent to Mr. Cao remaking LifeCyber. Oh my god!

I changed the domain name and ran it directly, including backend hosting.

So, the meaning of my existence is that I got 180 million US dollars in vain?

Not wanting to be treated like a freeloader, Jack Chen still wanted to struggle a little to show some of his own value.

But this product made by Mr. Cao has been studied and studied, and it is indeed better than his own!

It has more functions, is more user-friendly, and is more complete. I tried to optimize it, but I couldn’t find a place to start.

Jack Chen sighed, Mr. Cao has done all the product technology, and the only place where I can shine is promotion!

There is nearly 200 million US dollars in cash on the account, which can be said to be sufficient ammunition.

If you think about it, when Mr. Cao promoted Youxin, it basically cost no money.

Therefore, you must not be too overwhelmed! Mr. Cao must not be disappointed.

Therefore, Jack Chen used all his efforts to promote LifeCyber, and the results were of course remarkable.

In addition, since LifeCyber ​​is originally oriented to the world, Youxin’s global agent was also signed to Jack Chen.

In terms of product features, although YouXin and LifeCyber ​​are both social applications, there are still differences.

Youxin is a relatively closed "circle of acquaintances", while LifeCyber ​​is a semi-closed state.

For example, LC will recommend "new friends" to you based on your browsing content and friend relationships, so that your social circle can be "expanded."

Of course, the key to being semi-closed is that when adding new friends, you also need to apply with the other person in order to follow, which is different from a fully open Weibo.

In addition, for large-scale "group activities", the semi-closed social relationship of LC can spread faster and cover a wider area.

YouXin and LC are indeed competing as social products. In the final analysis, they are both killing users' time, but they also have differences and complementarities in terms of functions.

In addition, Uxin has Tongfubao but LC does not have payment, so for overseas users, Uxin has stronger tool attributes, an instant messaging tool and a payment tool.

As for LC, it may have stronger social attributes, and it is more in line with the needs of foreigners to make friends.

Jack Chen wanted to represent Youxin before. Although he abandoned LC and wanted to join him, now he still has LC. But I don’t change my original intention. It’s all about promotion anyway, and I have to let Mr. Cao see my ability as the “first person in promotion”.

In order to maximize the value of Youxin's tool attributes, Jack Chen also took the initiative to communicate and negotiate with banks and regulators in the United States to complete the implementation and promotion of Tongfubao.

Of course, Mr. Cao would not bet all his money on one partner.

TT Technology originally had a team in the United States, mainly engaged in the distribution of game products.

But in fact, TT Technology’s games are not very well released in the United States due to cultural differences. So Cao Shen reorganized the American team and transformed into the distribution and promotion work of Youxin and Tongfubao.

It is equivalent to Jack Chen being the general agent and his own team doing direct sales.

Since promotion costs money, the two sides will not collide. Cao Shen is also interested in horse racing to see who spends money more efficiently.

As for income, it mainly comes from the Youxin advertising system.

When it comes to selling ads and attracting advertisers, you all have to rely on your own abilities.

Although there is a bit of competition in this regard, Jack Chen is still very happy. After all, his advertisers can be reused in the future.

Although LC is not currently advertised, it will be there sooner or later, so reserve it first!

Rich and energetic, by June 15th, LifeCyber’s users had exceeded 60 million, doubling the number.

Cao Shen thought it was okay and sent an email to Jack Chen:

"At the end of the month, come to 100 million."

The weather in June is very hot and it is destined to be a lively month.

Tao Jiang and Zhang Da had a big fight.

When couples quarrel at the head of the bed and at the end of the bed, there is a special bond between them.

Being able to quarrel with a big boss, of course, does not rely on that kind of special bonding, but something stronger than bonding, interests.

The reason why bosses are bosses is that while they have a big temper, they also wake up quickly.

Moreover, his desire for control is stronger than that of ordinary people. Even if the quarrel turns everything upside down, he can get the boat back on track as soon as possible after his emotions are vented.

They exchanged dirty words for a while, and then started to make some well-founded flirtations.

As the harsh words continued, both sides discovered the seriousness of the matter, or in other words, found opportunities to seek common ground while reserving differences.

In the end, the two put aside their prejudices and discovered that each other was an indispensable fighting force.

Once the words are spoken, all kinds of suspicions and petty thoughts are more easily put to rest. On the contrary, we get to know each other better and our relationship gets closer.

Of course, I still don’t want to acknowledge the shortcomings that the other party points out!

The boss still has the dignity of a boss.

But privately, I still wonder if others think about me and my business this way. Is it okay to reflect on it?

This is probably a certain quality of a big man. He resists and resists, denies and denies, but he still thinks about it in order to go further. Rather than like many people, they stopped here at the previous stage.

So, the two learned from the pain and decided to join hands in a big fight.

The excitement of June has begun.

On June 1st, “Dada” taxi-hailing service was launched in Beiqi.

On June 12, subsidies for “everywhere” car rentals began.

On June 14, “Love Carpooling” was launched in Xiangzhou.

On June 16, "Hungry Wow" launched takeout business for the first time in CBD business districts in first-tier cities.

In the same month, Lin Hai of Jushi Technology announced the acquisition of the third-party payment company "Yicaifu" and immediately invested in another taxi company "Sude".

Jushi Technology was originally the major shareholder of "Yicaifu". Its navigation homepage and computer security products were already integrated with a large number of games. At that time, "Yicaifu" was mainly used for game recharge.

Nowadays, mobile payment is a very hot concept, and Lin Hai naturally cannot miss it, so he acquired the entire company under his banner and is bound to compete for a seat.

You can be the boss of Tongfubao, but the remaining market is not small.

Moreover, when it comes to third-party payment, it is impossible for the state to allow one company to have a monopoly. In terms of policy, more companies will be involved in risk diversification.

Therefore, the opportunity is great!

If you don’t do it now, wait until later!

Another person who has this idea is Tuantuan. This company started out as a group buying company and was a competitor that emerged from the Hundred Groups War.

They had already studied the takeout, almost watching "Hungry Wow" walk step by step, studied all the pitfalls and possibilities, and were fully prepared to enter.

Group buying, I was originally doing offline business.

Takeaway is naturally my territory!

Ever since, in June, group buying giant Tuantuan entered the food delivery market.

When the investors saw it, the big boss was gone, this was really done!

Ever since, the food delivery industry has become a hot topic in the investment community, and money has poured into it again.

As for taking taxis, carpooling, and renting cars, haven’t you seen that the two big guys Zhang Da and Tao Jiang are rushing to do it? This is the next trend! Just take out your pocket and do it!

With the big guys’ charge and capital’s fate, users were happy in June, with unprecedented subsidies of all kinds falling on them.

You can get a taxi for five yuan, and you can have a good meal for ten yuan. Sometimes you can earn some money by carpooling with red envelopes, and the red envelope subsidy for renting a car can’t be used up at once...

These excitements naturally do not belong to Cao Shen, and he obviously has no time to care about them now.

In addition to LifeCyber's products and investments, and Youxin's internationalization, he also has another important thing to do.

This, of course, also left a lot of enthusiastic new entrants a little confused.

Mr. Cao doesn’t want the payment scene?

Is the Youxin in hand and Tongfu Bao inflated?

Or are nerds who only focus on technology and fail to respond to market trends?

Cao Shen obviously doesn't care what others think of him. He cares whether the Ministry of Commerce does a good job this time.

Yes, Cao Shen is rolling up his sleeves and preparing to acquire MIPS. Apart from Intel and ARM, this is the world's largest chip architecture company and has a large amount of IP.

When he first invested in Bianhe Semiconductor, Cao Shen was worried about it. At that time, he was still thinking about where to find so much money. Now that I have money, I naturally want to keep it in my pocket!

Just in time, MIPS is for sale!

But there are two difficulties with this acquisition.

First, because this American company has a large amount of IP, it is very sensitive to sell it to Dongguo people. There is a high probability that the acquisition will not be successful at all.

This matter required Xiao Gang's help again, and he formed a consortium that looked "very clean".

It is not difficult to convince MIPS to sell the company to it. The most difficult thing is that the sale of such a high-tech company will be subject to strict scrutiny by the Committee on Foreign Investment in the United States (CFIRS).

Although Cao Shen has formed a consortium, it is still a new consortium, so the review is particularly harsh.

In addition, because it involves a large number of patent issues, it will easily cause various countries to exercise "anti-monopoly extraterritorial jurisdiction systems."

Although this is just a merger and acquisition between a consortium and a company, it involves issues related to chip architecture. Some countries may believe that this will have an impact on their own chips or even semiconductor, electronics, and equipment industries, so they will exercise their right to approve it.

This is also an international practice when mergers and acquisitions occur between companies with monopoly positions or companies with key technologies or important resources.

Therefore, you still have to submit approval requirements to the Ministry of Commerce of each country.

In addition, a large number of patents have also encountered boycotts from various patent alliances. They even formed a consortium to acquire the patents to prevent them from falling into hostile takeovers.

In addition, there are many other buyers who have jumped out to cut the deal.

Some are indeed more suitable buyers than consortiums in terms of synergy effects.

Many of them are American companies and have local advantages.

Apart from money, Cao Shen really couldn't do anything here, and it was all down to Boss Xiao to use all his efforts to mediate.

Cao Shen finally bought MIPS for $500 million. Compared to the patent value of MIPS, this amount of money is nothing at all.

And if it weren’t for Boss Xiao’s efforts, a company like this with patents wouldn’t be able to afford this price.

Second, the consortium's acquisition of MIPS is only the first step. You will then have to "move" the company back to Dongguo. To be precise, it is Tengniu Bianhe Semiconductor and Xinshen Technology.

The first reason why two companies were used to take over was that Bianhe was not that rich in cash. In addition, the two families can also distract their attention together.

The consortium seems to be an overseas consortium. It buys assets from the consortium. This involves overseas transactions and belongs to the high-tech industry, which requires approval from the Ministry of Commerce of the East.

This aspect of the original world is actually more open, and Dongguo's overseas asset purchases are very tight.

The tightening has been very tight, and the situation has intensified recently.

On the other hand, it would be easier to acquire a game company like TT Technology did earlier.

This time, MIPS was bought by a technology company with a large number of patents, and the chip architecture was already an extremely scarce target. The Ministry of Commerce itself also needed some kind of diplomacy and appeasement.

Of course, Cao Shen also chose a backup plan. After all, the government would sometimes be involved in various problems, and efficiency could not be guaranteed.

If that doesn't work, the combined use of MIPS technology in the future will only be possible through consortium licensing.

But this will involve a lot of unnecessary tax issues, and the increase in costs will make it impossible to maximize the advantages of Bianhe Semiconductor.

More importantly, the ownership belongs to the consortium and is not protected by the laws of the East. If any organization or alliance does something wrong in the future, you will still have to be led by the nose.

Therefore, the latter is the last resort.

As for why we formed a consortium instead of directly using Ocar Capital, it's naturally because it doesn't work.

OC has been extremely careful over the years. According to Cao Shen's calculation, the way they moved was like boiling a frog in warm water.

Splitting the business and selling it into small pieces is a big move.

Many times, joint ventures are established to export technology.

Or the licensing and transfer of key technologies.

Also, there will be more and more Dongguo people among the internal members, especially Dongguo engineers.

What Cao Shen did this time was a direct shift in the world. In the end, others knew who the buyer behind the scenes was, but when the dust settled, the most they could do was curse shamelessly, or make some kind of protest, and just live with it.

But don't drag OC down because of this matter, it may be easy to end up in one pot.

Of course, Boss Xiao is still in charge of this matter, but because Ocar Capital is actually also making moves step by step, the first is that there is a quota, and the second is that doing too much is obvious and easy to be exposed.

So this is a choice for Boss Xiao.

If you help Cao Shen first, then you have to put aside what you are doing.

In addition, there has been a change of leadership this year, so Boss Xiao also has to do some things.

Although Cao Shen doesn't know who Boss Xiao is next, he can still feel that some changes in the upper management this year have an impact on him.

It's not that it's personal, but the new team may have new strategies for things.

When it comes to issues of fundamental interests, Cao Shen actually felt very embarrassed when he spoke to Xiao Gang.

It can be said that it would not have been possible without Boss Xiao for me to be as successful as I am in this world.

In the past, if I asked Boss Xiao for help, I would still be able to earn money for him, which would give him some psychological comfort.

But in fact, Cao Shen gradually understood that money did not mean much to Boss Xiao personally.

This time it’s really a bit of a “self-interest at the expense of others”.

Xiao Gang still agreed without hesitation and praised Cao Shen for his good vision and hoped to carry forward the acquired product technology in the future.

But it was also obvious that there was unconcealable fatigue in Boss Xiao's tone on the phone.

In the end, the matter was settled, but Boss Xiao disappeared for a long time just like the last time he acquired TT Technology.

Cao Shen had a gut feeling about what price Boss Xiao must have paid this time, and wanted to ask, but Xiao Gang couldn't ask unless he took the initiative. I do feel a little guilty in my heart.

I can only comfort myself by doing things well.

Cao Shen now has MIPS in hand and is determined to figure it out.

Liu Jun, who was on the sidelines, was naturally very excited. He did not expect that one day he would be able to acquire MIPS.

The two people, both of whom were very enthusiastic, hit it off.

If you want to do it, you have to do something big and do the operating system!

Cao Shen is now the major shareholder of LifeCyber. Youxin has also gone global and acquired the American technology company MIPS. It is a step forward in internationalization, but it is obviously not enough.

The preparations are almost done, Cao Shen wants to take another step forward!