Chapter 366 Exchange of Sons
Chapter 366 Exchange of Sons
Yu Xing's appearance offset the dominance of Penguin CEO Liu Chih-ping over the meeting.
His operation is the "name", and this name falls precisely on the "reality" of the penguin. Nothing can best reflect the effect of that period of competition than the penguin involved.
Even if Yu Xing was present alone, it might not be possible for everyone present to recall so vividly the power of the previous operation.
"I have a fund in Hongshun, which invested in Meilishuo. Mr. Xiong from IDG and Mr. Xu from Today's Capital are good friends who have supported me over the years. They talked to me about Alibaba's traffic interruption, and I also gave my opinion."
"Coincidentally, Carbon Silicon Data now has a certain amount of traffic, which provides a basis for cooperation."
"Today I heard that the two families wanted to discuss the future..."
Seeing that Chi Ping had no intention of confronting him on the spot, Yu Xing talked about the reason for his coming and nodded to Chen Qi from Mogujie and Xu Yirong from Meilishuo: "So, I came here."
Funding, relationships, collaboration.
There was no avoidance or concealment, and the attitude was very peaceful.
Chen Qi smiled and said, "Let's gather our wisdom. If Mr. Yu is willing to come, I welcome him."
Xu Yirong seemed more resistant and didn't say anything.
Yu Xing glanced at the other institutional shareholders, then returned his gaze to Liu Chih-Ping and asked, "What does Penguin say?"
Liu Chih-Ping said coldly: "What can I say? Since you are here, can I still drive you away?"
Yu Xing smiled slightly: "Chiping, don't be angry, I'm asking, how did Penguin deceive everyone before I arrived?"
Liu Chih-Ping sneered: "You are trying to deceive everyone with your words!"
Yu Xing waved his hand: "Okay, okay, Chi Ping, let's not argue. Your opponent is not me, but Ali. I just want to know what Penguin thinks about the merger of the two companies now?"
When he came here today, his struggle strategy was actually quite obvious. Since the president of Penguin, Martin Lau, came here, he just had to hit the target.
Liu Chih-Ping said coldly: "Don't shout like that, we are not that familiar."
Yu Xing readily agreed: "Okay, Mr. Liu, let's not argue. Today's protagonists are Mogujie and Meilishuo."
Sequoia's Shen Nanpeng has been watching from the sidelines until now, and said leisurely: "Only giants can fight against giants. I believe Mr. Yu has the most profound understanding of this point. Penguin's promotion of a co-CEO is more realistic. Otherwise, Mr. Yu thinks that if there is a CEO, should it be Mr. Chen or Mr. Xu?"
He had asked this topic before to Hu Xubo of Qiming Venture Partners, but the other party could not answer it. When he asked Yu Xing again at this moment, everyone present became interested and turned their eyes to him.
Yu Xing was not clear about the previous situation, but he answered without hesitation: "The reason for the joint CEO is that there are two unrelated businesses, but it is wrong to have a business that cannot form synergy. Don't do it just for the sake of joint. Mogujie and Meilishuo's shopping guide business is doing well and can still continue."
Shen Nanpeng turned his thoughts and continued, "Mr. Yu, you are just..."
Yu Xing interrupted, "Boss Shen, I haven't finished answering your question yet, please listen to me."
Shen Nanpeng stopped talking and gestured with his hand.
"Mr. Shen just said that I have the deepest understanding of the saying 'Only giants can fight giants'. It is true. WeChat failed when I started it, and I had to sell it to Alibaba to give it a new life. Now everyone knows that the competition between Alibaba and Penguin has reached a stalemate." Yu Xing said seriously, "But it is precisely because of this observation of the stalemate in the competition between giants that I want to say something to Mr. Chen, Mr. Xu, and everyone here."
Everyone present listened attentively, including Liu Chih-Ping, whose eyes flickered, wanting to hear what Mr. Yu could say.
Yu Xing said seriously: "Don't be kidnapped by the giants, don't be tied to the chariot of competition by them."
Shen Nanpeng was stunned. This... this really contradicted what he said!
Xiong Xiaoge, Xu Xin, Hu Xubo and others' eyes also lit up.
Yu Xing didn't look at Liu Chi Ping who was frowning, but only looked at Chen Qi and Xu Yirong who had super voting rights, and asked: "Mr. Chen, Mr. Xu, do you think Mr. Liu came here on behalf of Penguin this time, is he more concerned about the interests of Penguin or the development of your company?"
"Does Penguin want to kidnap you to fight against Alibaba's e-commerce business, or does it think that your prospects will be better after Alibaba cuts off your business?"
Liu Chih-Ping's face changed, and he immediately said, "The cooperation with Penguin is a win-win situation for both parties. Mogujie and Meilishuo need traffic right now, isn't it..."
Yu Xing interrupted, "Mr. Liu, don't be impatient, I haven't finished yet."
Liu Chih-ping denied: "I'm not in a hurry!"
Yu Xing said, "Let me finish my last sentence, Mr. Liu."
Liu Chih-Ping endured it.
Yu Xing said with a smile: "Mr. Chen, Mr. Xu, since you want to establish a co-CEO to protect the interests of Penguin, Mr. Liu happens to be here today. I suggest that Mr. Liu directly serve as one of the co-CEOs. This will save trouble!"
He shrugged: "We're all just cannon fodder anyway, so why bother?"
Chen Qi and Xu Yirong's faces turned a little pale.
Hu Xubo laughed out loud.
Liu Chih-Ping's thoughts raced, but for a moment he couldn't find a very suitable response, and the more his thoughts raced, the more confused he became.
The kidnapping accusation is so vicious!
The term cannon fodder is too despicable!
Rather...
Liu Chih-Ping's throat slid, and he realized that he couldn't go on like this. He suddenly slammed the table and shouted angrily: "Yu Xing, you are slandering me!"
Yu Xing did not confront him at this time, and said indifferently: "CEO Liu said it was slander, then it is slander, we are not blind." It is precisely because everyone is not blind that Penguin is issuing additional shares, burning money, cooperating with JD.com, and expanding traffic. The competitive situation with Alibaba is too obvious.
Hu Xubo actively spoke out at this time: "Please don't make random accusations, Mr. Liu. We all know whether it is slander or not."
He looked at Chen Qi and Xu Yirong again and advised: "Mr. Chen, if you want to do vertical e-commerce, Penguin will support you. Mr. Xu, if you want to do O2O, Penguin will also support you. It invests money and traffic. How can it so easily follow your wishes without considering whether the business will be successful in the future?"
"Penguin doesn't care about your future at all!"
"It will tie you up right now! What does it matter whether you live or die in the future?"
Chen Qi and Xu Yirong both remained silent.
Good men don't dare to make promises easily, but bad men are quick to make sweet words...
Yu Xing said: "I just said that the protagonists today are Mogujie and Meilishuo. Our consideration of the merger of the two companies must be based on the interests of the company itself, not Penguin, Carbon Silicon Data, or the shareholders. This topic has been discussed before. It is not advisable to rashly transform because of a sharp drop in revenue."
“Secondly, the prospects of vertical e-commerce and beauty industry O2O are questionable.
Liu Chih-Ping sneered: "After all, Yu Xing, you just want to tie these two companies to your Carbon Silicon Data Company. Why do you have to be so righteous?"
He continued, "You have worked in vertical e-commerce? You have worked in the beauty industry O2O? Your words are the truth?!"
"If I have never done it, I cannot give advice. Then shouldn't Penguin, which has failed repeatedly in e-commerce and O2O, guide Mogujie and Meilishuo?" Yu Xing said with a smile. "Mr. Liu, is it because Penguin is too vulnerable in e-commerce that you think no one remembers this, right?"
"If you insist on saying that, then we don't need to say anything."
"Mr. Chen, Mr. Xu, I have just one last word. Letao.com is ready to cooperate with you in traffic guide shopping."
After Yu Xing said this, he raised his cup and drank tea, indicating that he would not express his opinion anymore.
Liu Chih-Ping glared at Yu Xing, then slowly said: "Mr. Chen, Mr. Xu, Penguin is definitely not going to..."
Yu Xing interrupted, "Boss Liu, we don't need to say what we just said."
Liu Chih-ping sneered, "That's your wishful thinking. Penguin came with great sincerity this time, and provided Mogujie and Meilishuo with the same level of traffic cooperation as JD."
Hu Xubo suddenly used the same rhetoric that Xu Xin had used in his lobbying, and said loudly: "If Penguin's traffic is really that strong, why can't it beat Sina Weibo? Why was it forced into this situation by Ali WeChat?"
Liu Chih-Ping glared at Yu Xing.
Yu Xing noticed this gaze and said innocently, "Why are you looking at me? It's Mr. Hu who's asking you a question."
Just as Liu Chih-ping turned his gaze to Hu Xubo, he heard Yu Xing's voice again.
Yu Xing added: "Tell me, Mr. Liu, tell me why you can't win?"
Liu Chih-ping suppressed his anger and made a final effort: "Mr. Chen, Mr. Xu, Penguin's sincerity and strength in cooperation should not be smeared. You must distinguish right from wrong!"
Xu Xin said quietly: "JD.com is also ready to cooperate with traffic guide shopping."
Liu Chih-Ping looked at Xu Xin again.
Xu Xin didn't buy it. Instead, she said, "Mr. Liu, what's the matter? Shouldn't JD.com also consider its own interests?"
Chen Qi and Xu Yirong looked at each other. Traffic shopping guide is not a transformation, at most it is a development, a shift from the original Alibaba system to the development of non-Ali systems.
Liu Chih-ping noticed the details of the exchange of glances between the two and asked, "Mr. Chen, Mr. Xu, please give it more consideration. If you have any doubts, you can continue the discussion in Pengcheng. Pony will also guarantee his sincerity."
After all that has been said, the decision still lies with the two founders.
Everyone in the conference room looked at Chen Qi and Xu Yirong.
Xiong Xiaoge said in silence: "Mr. Yu said that traffic-driven shopping can also be directed to the O2O market. I talked to Wang Xing of Meituan and he is not opposed to this kind of cooperation."
Chen Qi was silent for a while. After hearing what Mr. Xiong said, he shook his head slightly and gave his own thoughts: "Thank you, Mr. Liu. I won't go to Pengcheng."
Hearing this euphemistic statement, Xu Yirong sighed and spoke more directly: "Forget it, Mr. Liu, please go back."
Liu Chih-ping's lips moved slightly, as if he wanted to say something but stopped himself, and in the end, he didn't say anything.
He stood up from his seat and said, "Then I'll take my leave. I want Mogujie and Meilishuo to be better. My phone is always available."
Yu Xing maintained his attitude of changing his son: "Yes, I also want Alibaba and Penguin to be better. The competition among giants is a bit fierce."
Liu Chih-Ping turned and left.
The closed-door meeting had a new beginning. In just one day, Mogujie and Meilishuo, the two brothers in distress, reached a formal intention to merge.
Penguin, the first institutional shareholder who invested in Meilishuo not long ago, remained silent on this matter.
However, the giant Penguin did not make any move, but Alibaba, which heard about this, gave an instant response.
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(End of this chapter)