Chapter 287 Return

Chapter 287 Return

Chapter 287 Return (5k)

Alibaba was quick to embrace WeChat.

By the fourth day after the acquisition was confirmed, the employees' intentions had basically been determined, and 95% were willing to join Alibaba.

This situation is completely imaginable. After all, Alibaba is one of the BATs and will obviously continue to make efforts in the mobile IM sector. WeChat is indeed the result of everyone's hard work and suffering.

With a better backer, greater resources, brighter prospects, and more enjoyable competition, it would be strange if you chose not to go to Alibaba.

Yu Xing showed a little concern for these employees who were not going and found out that they had practical reasons such as "don't want to go to Lin'an", "plan to start a business", and "want to live a free and easy life", so he finally sent them New Year's greetings.

WeChat officially announced the news on January 1th, and this year’s New Year’s Eve is February 24nd, which means that the acquisition must be completed within the 2-day holiday before the New Year.

On Monday, the company was bustling with activity, but on Thursday morning, as the remaining employees said goodbye to Yu Xing one by one and left, the place became very deserted.

Liu Jiankai is still here.

He witnessed the impact of the sale of WeChat on the industry these days and felt completely dazed.

"Mr. Yu, WeChat's holidays for this year have been confirmed."

Seeing President Yu standing by the window looking at the scenery outside, Liu Jiankai walked around casually and noticed some documents scattered on the desk. He picked them up and flipped through them casually. It turned out to be the holiday arrangements for the Spring Festival.

The statutory holidays are from February 2nd to 2th, and WeChat company gave us two extra days off.

However, such an arrangement is no longer in place.

Yu Xing did not turn around, and said leisurely: "Yes, the discussion at that time was that everyone felt that they had been too hard recently, so they gave them two more days. Now it is not bad. I can go back to celebrate the New Year with a large sum of money. There is no better news than this."

Liu Jiankai put down the file that he no longer needed, and after a moment of silence, he said, "Boss Yu, Boss Xu called me."

Yu Xing glanced back and asked with a half-smile, "You two are still in touch? What did you talk about?"

"What do you mean by lingering feelings? I didn't quarrel with her." Liu Jiankai said, "Mr. Xu asked about WeChat for a few words, but didn't ask much. He also asked me if I would go to Alibaba, and then mentioned the development of Bai Xiaosheng and gave me a small suggestion."

Yu Xing didn't say anything, just gestured for him to continue.

"There have been many problems with Chinese concept stocks in the past two years. The outside capital market is a bit skeptical. In addition, the U.S. Public Company Accounting Oversight Board (PCAOB) has proposed to review the audit working papers of Chinese concept stocks. According to regulations, we restrict cross-border provision." Liu Jiankai's face became serious. "This involves a very sensitive issue of regulatory power. We don't know what will happen in the future, but it will definitely have an impact on listing in the U.S.."

"Mr. Xu meant that Bai Xiaosheng should go public as early as possible, even if it means losing money, because the changes in mobile Internet also include workplace platforms and recruitment platforms. If it wants to continue to develop rapidly, especially to make progress in the recruitment market, the secondary market can still provide great help."

"Mr. Xu thinks it would be best to try to go public in the first half of this year."

"Mr. Yu, I think Mr. Xu's judgment in this regard is still worth referring to."

Liu Jiankai was very serious, fearing that Mr. Yu would not take the situation seriously because of his grudge with Mr. Xu.

Yu Xing hummed, and said thoughtfully: "Boss Xiong and I have discussed this idea before. It seems that Boss Xu is quite perceptive."

Xiong Xiaoge has mentioned Bai Xiaosheng’s listing prospects before, and the influencing factors are also these two directions.

After hearing his statement, Yu Xing also verified the facts. The PCAOB publicly questioned the audit independence of the Big Four accounting firms' China branches and threatened to revoke their registration qualifications, while domestic regulatory authorities rejected the PCAOB's on-site inspection of the auditing agencies.

All signs indicate that there is indeed a storm on the horizon.

"Yes, after all, Mr. Xu is also a low-grade horse as you rated him. He must have some ability." Liu Jiankai teased, "Better than a donkey."

Yu Xing shook his head and said in confusion: "What about superior horses, inferior horses, and donkeys? I never said that at all, and I don't know who made it up. How could I be so mean?"

He added: "At most, I am just mocking Mr. Xu for being an ordinary investor."

Liu Jiankai remained skeptical: "Really? Didn't you really say that? But everyone in the circle is following your statement now."

Yu Xing: “…”

He said with some helplessness and certainty: "I really didn't say that."

Liu Jiankai thought for a few seconds and then said, "But this sounds like something you could say."

Yu Xing opened his mouth and suddenly found that it was difficult to explain.

Liu Jiankai observed Mr. Yu's expression and said, "Anyway, judging from the performance of IDG, Capital Today, and Qiming Venture Partners, it is quite consistent with that statement. Well, Mr. Yu... Mr. Xu has another small suggestion."

Yu Xing couldn't explain it, so he simply gave up and asked, "What?"

Liu Jiankai said thoughtfully, "Mr. Xu said that Bai Xiaosheng is promoting the establishment of an offline recruitment team this year. This is the only way for development. However, you have been focusing a lot of energy on the competition with WeChat since last year. You need to improve the internal audit team before going public."

Yu Xing frowned and said nothing.

WeChat's competition requires full commitment, and it is worth it. Although Bai Xiaosheng is on the sixth floor and does not have the energy to ask more questions, it has actually made great progress in 2010, which is naturally inseparable from the hard work of Liu Hao, Lu Haiying, Zhong Zhiling and others.

Now that WeChat has ended, the first step is to conduct an internal audit...

Liu Jiankai continued to talk to himself: "Since we are going to go public, we must have all the necessary construction. This is also a normal procedure. Mr. Liu and his team are veterans in the industry. You can be assured, but everyone should act cautiously before being a gentleman. Well, this kind of advice is not convenient for you to give, Mr. Yu."

"However, this is exactly the purpose of institutional shareholders. They can speak and leave room for maneuver. Anyway, everyone knows that President Xu and you don't have a good relationship. If you are not convenient to say something, let her say it. The atmosphere of the company will not be affected. It is all for better development."

Liu Jiankai is quite familiar with these things. From a public perspective, if the company wants to grow bigger and stronger, it must have more complete rules. From a private perspective, founders like Mr. Yu, including Lv Haiying, Zhong Zhiling and others, are not convenient to mention them directly, so venture capitalists, who play a role that is both close and distant, can play an appropriate role.

Furthermore, he felt that if Mr. Yu returned to the sixth floor from the fourth floor, he would objectively need a certain amount of power to be restored. Mr. Xu's proposal would make the situation very decent.

Of course, Mr. Xu's purpose of repairing the relationship must be to convey the message through himself at this time, not only warning of the timing of listing but also willing to come forward to improve small suggestions.

In any case, Today Capital performs better than Qiming Venture Partners, and in any case, Today Capital is still a shareholder of Bai Xiaosheng.

Liu Jiankai understood the twists and turns involved and didn't mind saying more about it.

Yu Xing shook his head slightly and answered with two words: "That's it."

Then, he directly started the next topic: "Are you really not going to Alibaba? If WeChat can beat Weichat, it will be an important part of Alibaba. This way you can have a good start in your transition from investment to the workplace."

"Alibaba is good and strong. President Ma was very decisive this time, but I don't like the atmosphere of Alibaba." Liu Jiankai shrugged. "No hurry. I'm mining recently. I've mined 30 so far. I'll see how to change my burger diet. I'll consider it after the New Year. Besides, you also said that there is great potential in mobile Internet."

Yu Xing was a little surprised: "So fast? Well, the burgers made this way must be delicious."

He pointed upstairs and said, "Let's go up together. We're going to list it in the first half of the year, so we need to give you a heads up before the New Year."

The two did not take the elevator, but went up the stairs to the sixth floor.

The door of Bai Xiaosheng Company is sensor-controlled.

As the door opened, Yu Xing and Liu Jiankai walked in.

However, as soon as he showed up, he was greeted warmly by the employees who noticed him, and the greeting soon spread to all the employees.

What Yu Xing didn't expect was that everyone stood up and applauded, with whistles in between, expressing their warm welcome to the president's return.

Yu Xing was both touched and at a loss whether to laugh or cry. He stretched out his hand and pressed in the air again and again before everyone calmed down.

He has been busy with the handover of WeChat company these days and has not come up yet. He was not prepared when he just came up, but facing everyone's gaze, he obviously had to say something.

Yu Xing pondered for two seconds and said, "The options will be issued again!"

This sentence caused Bai Xiaosheng Company to burst into applause and cheers even louder than before.

Even though some people had doubts about the company's options before, after WeChat created a large number of millionaires and billionaires, everyone's trust in the company has reached its peak.

There is a lot of heated discussion online about this wave of WeChat options, and the sixth floor will be even more enthusiastic.

Yu Xing walked back to the president's office amid the constant stares and applause.

"Mr. Yu, you're back." Secretary Zhang Yangxu poked his head in to pour tea.

Yu Xing nodded slightly and asked his secretary to pass the cigarette on the table to Liu Jiankai.

While pouring tea, Zhang Yangxu asked curiously, "Mr. Yu, is Alibaba giving you money or stocks this time? How much tax do you have to pay?"

Yu Xing casually replied, "In cash, more than 9 million US dollars." He then asked, "Xiao Zhang, everyone is much more excited than I thought."

Zhang Yangxu said what he knew about the mentality: "Yeah, I'm excited, yeah... It feels like Mr. Yu has returned from hunting. WeChat is really a particularly good incubation."

Coming back from hunting?

Yu Xing was slightly stunned and found this statement quite interesting.

Zhang Yangxu couldn't hide his excitement, "Yes! That's great! Mr. Yu, there have been a lot of resumes submitted to Bai Xiaosheng recently! Everyone is here for your reputation! Penguin went too far, and now it's reaping the consequences! There are also interviews with newspapers and TV stations, but I turned them all down."

Yu Xing smiled and said, "Well, I asked you to push it. OK, you can go out now. When Mr. Liu comes back, tell him that I'm in the office."

Zhang Yangxu walked out of the president's office with high spirits. He was back, back. The guy downstairs had been sold to Alibaba, and he finally became President Yu's only secretary!
Yu Xing and Liu Jiankai casually discussed the issue of exchanging Bitcoin for hamburgers for a while, and Liu Hao arrived less than half an hour later.

Liu Hao was also surprised by the final outcome of WeChat. He never expected it to have such a big impact on the industry.

He couldn't help but ask a few more questions about the details of the WeChat sale, just to satisfy his curiosity.

Yu Xing chatted for a while, mentioning the challenges faced by Chinese stocks listed in the US today and the listing that Bai Xiaosheng will promote after the new year.

"Mr. Liu, let's schedule another meeting on Saturday and notify IDG, Capital Today, and others to come over for a chat. It may be a bit hasty, but we have to proceed according to the situation. The longer we wait, the more disadvantageous it will be."

Liu Hao had never paid attention to such a problem before, so he agreed seriously when he heard it.

After Liu Hao and Liu Jiankai left the president's office, Yu Xing walked to the window alone. Seeing the familiar electric poles outside blocking his view, he let out a long sigh.

Alibaba will definitely compete with Penguin this year, Baidu is lying on a pile of money without making any progress, JD.com is growing rapidly, offline companies are seeking transformation, and smartphones and mobile Internet are advancing at a speed no one can imagine.

There is indeed much to be done amid change and chaos.

Yu Xing lit a cigarette but resisted the urge to smoke it.

After pondering for a long time, he called his father Yu Guosheng to inform him that there was a sum of money at home that was difficult to spend.

"Shh." Yu Guosheng lowered his voice when he received a call from his son. "Keep your voice down. I saw the news. You made a big profit!"

Yu Xing felt that this was more suitable to describe the mountain behind him: "Well... almost. I think you know it all."

"Not only did I know about it, I also notified my relatives immediately and asked everyone not to inquire about it, not to celebrate, not to show off, not to hype it, but to directly deny it and cover it up!" Yu Guosheng was very serious.

Yu Xing found it a little funny: "You are really doing a solid job."

Yu Guosheng was still serious: "That's it. Today a leader called me to ask about it. I think he knows something. He asked me to find out if you can do something for my hometown."

Yu Xing pondered and said, "I haven't thought about it carefully, but I plan to donate a scholarship to my mother's school. What does my mother think? Otherwise, you can just enjoy your life in peace."

"Your mother was very excited at first. We talked about it. Her son has made great achievements. However, your mother cannot enjoy it now. She said that she has to lead her students until graduation. Changing the class teacher temporarily will not be good for them." Yu Guosheng thought, "If your mother does not do anything, why should I? Our place is also good."

Yu Xing pondered for a few seconds and asked, "So how about celebrating the New Year today? Are you going to celebrate it at home? You can celebrate it wherever you want, as long as the whole family can celebrate it together, no matter where you go."

Yu Guosheng smiled and said, "It's the New Year, but we should celebrate it at home. Now there is a problem."

Yu Xing said: "What's the problem?"

Yu Guosheng asked seriously, "Will Penguin send someone to beat you up during the New Year?"

Yu Xing: “…”

He was silent for a moment: "Not really."

Yu Guosheng disagreed: "There's nothing a penguin can't do. Didn't the one in red get into trouble?"

"I will meet with the Penguin people in March, and I will tell them what you said." Yu Xing said with a smile, "I'll see if I will get beaten up then."

Yu Guosheng knew that his son was joking, so he chatted for a while, told his son to take care of his health, and ended the call.

Yu Xing stretched himself and suddenly felt eager to go home.

January 1th, Saturday, there are only 29 days left until the Chinese New Year.

The heat of public opinion has gradually subsided, but the atmosphere of the meeting before Bai Xiaosheng's birthday was very heated.

It has been a while since Yu Xing presided over the meeting again as the president, and he talked about the company's listing, which inevitably made people excited.

At nine o'clock in the morning, all institutional shareholders except Hongshun arrived. Only two vice presidents from IDG and Qiming Venture Partners came, while the boss Xu Xin of Today Capital came in person.

The moment Xu Xin arrived, the conference room fell silent unconsciously, and everyone observed the situation with their peripheral vision.

"Mr. Xu, long time no see. Please sit down." Yu Xing greeted him.

Xu Xin sat down with a smile: "Well, Mr. Yu, it's been a while since we last met."

The two greeted each other without showing any anger.

This somewhat disappointed everyone in the conference room.

The meeting before the New Year was to discuss the listing, which was also a summary of the year, so naturally the report would be given by Senior Vice President Liu Hao, who was actually in charge of the work.

Yu Xing listened very carefully, and after he finished speaking, he asked Liu Jiankai to talk about the necessity of the timing of listing.

The atmosphere of the meeting became more heated.

At this moment, Xu Xin suddenly raised the necessity of internal audit construction.

Yu Xing frowned and looked at Xu Xin, but said nothing.

Liu Jiankai observed the situation.

Just two seconds later, Senior Vice President Liu Hao said without hesitation: "Mr. Xu's proposal is very suitable for Bai Xiaosheng's rapid development this year. Since we are going to start the road to listing, we also need to do this. Compliance will make the company's development smoother."

Yu Xing tapped the table lightly with his fingers, thought for a moment and said, "Well, Mr. Liu agrees, then Mr. Liu will be in charge of this."

Liu Hao agreed without any surprise.

The meeting lasted for half a day, and at the end the issue of options was discussed. It was preliminarily decided that another wave of employee options would be issued after the new year.

At half past eleven, the meeting ended.

Xu Xin only said: "Mr. Yu, let's go."

Then she picked up her bag and turned to leave.

Secretary Zhang Yangxu muttered upon seeing this: "Boss Xu is still upset..."

Yu Xing smiled slightly and said nothing. He had a good chat with the top executives of Bai Xiaosheng.

The Chinese New Year is only a few days away, and the atmosphere of the New Year is already there.

However, there seems to be no such thing between Penguin and Ali.

On January 1, Penguin’s WeChat chat underwent a wave of regular updates. No new features appeared, only “optimization of the unstable problem of shake” and “fix of some known issues”.

A day later, Alibaba’s WeChat was also updated, and the update notes were consistent with WeChat chat, including “optimizing the unstable issue of Shake” and “fixing some known issues”.

Discussions were heard both on Bai Xiaosheng and Weibo. We knew this would happen, but we didn’t expect it to happen so soon!
Ali, you really learn!
I asked you to learn, but I didn’t ask you to learn things like the update instructions!
When Yu Xing saw this, he almost laughed to death and sent a WeChat message to Li Shanyou asking, "How come you learned this too?"

Li Shanyou responded, "Ali said they wanted to see how the public opinion would work. Anyway, they have nothing to do anyway."

I have nothing to do anyway, so I'll have the last dance before the New Year: Murong Fu vs. Murong Fu!

The public opinion effect is very good!!
Countless users @Yu Xing, the former party involved who came up with the bad idea.

Yu Xing endured it again and again, but still posted a status, expressing his deep feelings: "It's hard to learn good things, but it's so easy to learn bad things. This Murong Fu stood in front of me, oh, I can't tell him apart, I really can't tell him apart."

(End of this chapter)