Reinventing the Millennium

Everything has an impact, explicit or implicit, long or short.

To put it further, the acquisition of Sina back then, and to put it more recently, the previous acquisition of Morningstar, these were all events that made Gao De very emotional.

Fang Zhuo was not surprised at all when he heard Cheng Congwu speak so clearly.

He almost didn't have time to think, and went straight to the words: "It's okay for Yike to acquire Amap. If you feel that Baidu and Penguin's poaching is difficult to deal with, Yike can indeed re-adjust the salary system. "

Cheng Congwu: "..."

Mr. Fang, why did this test result in a critical attack?

He pondered quickly, pondering the art of communication.

"However, Mr. Cheng, I never mentioned the acquisition when I first came to the capital to meet you. It's not that we don't have this idea internally, and it's not that we haven't discussed the feasibility of this." Fang Zhuo said naturally, "Only One question, how did Yike get to where he is today?”

Cheng Congwu was a little suspicious, why did it come to Yike again?

"Chengzong and Yike have been making changes and transformations in product and market strategies until today. This is very difficult." Fang Zhuo said with a smile, "Just like you, Gaode, now want to shift from 2B to 2C. It’s also difficult, right?”

He revealed the answer: "But an important reason for Yike's success is to respect professionals and respect their most professional abilities. What markets and products I can understand depends on them."

"So, Yike believes that with the popularization of mobile devices, the field of personal map navigation will usher in an explosion. This field is developing, and we only have one principle in investing in this area, respecting professionals and respecting professional abilities."

Fang Zhuo said lightly: "Mr. Cheng and Mr. Hou can make Amap today, so they are naturally the most professional. This has long been respected by me and Yike."

Cheng Congwu suddenly felt a little excited. This is not something ordinary people would admit!

He calmed down immediately, and Mr. Fang's admission may not be a good thing...

"That's what I think. How AutoNavi will go depends on what you think. If you think the acquisition is suitable, then you can acquire it. If you think Yike needs additional investment, then invest more. Do you think the current transformation of individual users can't continue? , then let’s continue B2B.” Fang Zhuo said sincerely, “Mr. Cheng, when it comes to this, let’s be honest.”

He looked at Cheng Congwu: "Mr. Cheng, did you come here to sell your shares to Yike?"

Cheng Congwu was quite confused: "Huh?"

"Otherwise, for such a trivial matter of poaching people, does Mr. Cheng really need to make a trip?" Fang Zhuo frowned, "Why would you say that to me?"

In fact, the trouble caused by Baidu and Penguin poaching is indeed not small.

Cheng Congwu was almost ashamed when he heard Mr. Fang's words. After all, he was recognized and respected by Mr. Fang. Why was this matter worth worrying about?

"No, Mr. Fang, I have no idea of ​​selling shares, really not." Cheng Congwu first clarified the misunderstanding, and then said, "I am just hesitant about the listing time period."

AutoNavi intends to launch the listing → AutoNavi raises financing from Yike → AutoNavi intends to transform into the personal market but postpones → reconsider accelerating the listing.

This is due to changes in external competition and internal sentiment.

Cheng Congwu believes that the personal market is certainly worth exploring, but it may take longer to materialize. Amap is not like a giant like Yike, so it is better to go public early to avoid long nights and dreams.

However, the introduced Mr. Fang suddenly felt like he was lying on the bed and snoring.

Mr. Fang put down his tea cup, looked at Mr. Cheng carefully, and breathed a sigh of relief: "It's okay if Mr. Cheng doesn't plan to leave. If you do, I'll really have a headache."

A smile appeared on Cheng Congwu's face, and he said modestly: "Mr. Fang really thinks highly of me. Gao De's success is due to everyone."

"Hey, when you say this, others don't know. We are investors after all. Don't we still know this kind of thing?" Fang Zhuo shook his head and smiled, "Anyway, as I just said, how to develop Gaode, Yike respects it." Your judgment will not interfere.”

After listening to Mr. Fang's words, Cheng Congwu made a judgment in his heart. Even though there was some water in Mr. Fang's words, he was still frank and sincere on the whole.

He thought for a moment and then said to the important shareholders of AutoNavi: "Mr. Fang, we hope to successfully log on to Nasdaq before the beginning of next year or the middle of next year, so that we can be more comfortable with both capital and internal affairs."

Fang Zhuo said happily: "Okay, of course I hope that Yike's partners will develop better and get more returns on the shares we hold. As long as you have confidence, that's fine."

Cheng Congwu nodded. If the important shareholders don't object or interfere, then that's fine.

Fang Zhuo invited Mr. Cheng to chat for a while about the market opportunities brought about by the growth of mobile devices, and then made an appointment to have dinner together in the evening. Finally, he bid farewell to the CEO of AutoNavi through a conference call.

Secretary Liu Zonghong listened to the boss's exchange and felt that it was really fluent.

However, when he returned to the office after helping President Cheng go away, he didn't see any emotional fluctuations in President Fang, and was not affected by this incident at all.

Well... the changes in Baidu and Penguin only successfully verified the degree of competition in this market in the future. As long as Amap follows the direction of transforming its personal business, it may have to rely on the help of giants.

With this help, things will be done. Perhaps it will be President Cheng who takes the initiative to ask for help.

Liu Zonghong carefully studied the samadhi and saw the general trend.

"Remember to call Qi He tonight." Fang Zhuo ended the conference call and said to his secretary, "Also, we still need help with this matter of AutoNavi. Although President Cheng will start the listing process again, most of the problem may be solved. But let’s let the media jointly talk about prospects and listing.”

Liu Zonghong wrote it down.

Fang Zhuo didn't say anything more about Gaode and buried himself in the paperwork. He passed the documents from Yike and carefully digested the technical analysis and conclusions of the ice core for a while.

In the afternoon, he made a call to the European side to listen to some work progress of the gasoline man Kong Yu.

Through Kong Yu's travels and activities in Europe and the United States, this can actually bring some reference to Fang Zhuo. As the head of the MIGA fund that has surfaced, and he is deeply involved in Yike's counterattack, his sense of presence is still very strong.

Apart from the dangers he encountered before, Kong Yu is still intact until now, which is somewhat reassuring.

Fang Zhuo was not sure if there were such friends. Whether they hated Kong Yu more or hated himself more. Anyway, he planned to make another nest in the country.

When this wave of European debt crisis passes, maybe you can go to Germany to visit the ice core branch factory.

In addition, MIGA funds can invest more safely in the secondary market this time. The US stock market has rebounded, followed by a wave of rising prices that has lasted for more than ten years since the financial crisis.

Fang Zhuo's promise of making a lot of money is not a lie. No matter where the brothers are, they have to eat meat and drink soup with them. Even if they are enemies, they have to see if they can be brought into trouble and become brothers. If they really can't be brothers... The more dangerous the competition situation is, the more difficult it is for oneself. The more I can't restrain myself.

Otherwise, it is really impossible to protect one's weak sense of security.