King of Capital

The soft big bed swayed up and down, from soothing to turbulent waves. After a long time, the waves subsided and the sun came out. The electric curtains slowly opened and the morning light filled the room.

Xie Jingxing took a deep breath, turned over and sat up to drink some water, then broke free from the arm around his waist, picked up a bath towel and threw it back on the bed, then swaggered to the bathroom to wash up.

Wang Xiaofeng, with the support of Li Bin, is trying to achieve his own career by managing the company; Tencent leads the new round of large-scale financing with the aim of targeting the credit system.

Didi wants to place senior executives in Mobike to increase its voice and incorporate it into its travel business map. The same is true for New DAEWAY, which values ​​the layout of the local life ecosystem.

The Allies had common short-term interests but different long-term ideas. Hu Weiwei, as the founder, was completely sidelined and her mind was full of thoughts about Manchester in the rain.

Xie Jingxing really couldn't understand, did they regard him as a must-visit attraction for young venture capitalist women?

But whether it is true or not, Hu Weiwei is truly the ideal soul figure for Mobike, whose situation is becoming increasingly complicated.

If she is eliminated easily, the three strategic investors led by Tencent will lose the buffer zone and face conflicts of interest. The seemingly most insignificant Li Bin + Wang Xiaofeng are also related to the Xiyou-Didi-NIO layout.

Xie Jingxing called Su He immediately last night and asked Taihe Capital to invest in Ideal Auto to diversify the risks, considering the chain reaction caused by the Mobike fallout.

So even though she doesn't understand, if Hu Weiwei feels that sleeping with him can help her vent her emotions, then there is no simpler and more convenient way to solve the problem.

And it works.

"I didn't hear the bell just now. You guys can eat now and we'll meet at the main venue later."

Hu Weiwei stood in front of the water bar, tilted her head, clamped her phone between her shoulders, and fiddled with grinding two cups of black coffee in her hands.

Xie Jingxing was just coming out of the bathroom after washing up, and when she hung up the phone, he asked, "Shall I order room service for you?"

"If you don't eat breakfast when your face is swollen in the morning, a banana will be enough."

Hu Weiwei turned around to get the welcome fruit basket prepared by the hotel yesterday. She looked calm as usual, except that her eyes were slightly red and swollen.

"Okay, I'll be out first. Call me if you have anything."

Xie Jingxing picked up the cup of coffee and took a sip: "Uh, and don't forget..."

"Don't worry, I'll buy it right away." Hu Weiwei smiled and raised her hand to smooth her hair.

Xie Jingxing smiled knowingly, took her hand to apologize, then held it back, and the two looked at each other in silence for a moment.

He shrugged his shoulders, let go of his hand and went to put on his clothes. Chen Xi was waiting for him in the breakfast room downstairs in the hotel. He had a lot of things to do today.

As Xiaokaxiu became popular in the summer with the help of the Ice Bucket Challenge, Kuaishou's data grew explosively throughout the year, with daily active users exceeding 2000 million. Zhang Yiming was deeply touched and decided to enter the short video industry.

This company is quite cunning. It had unclear ideas at the beginning and adopted the conventional operation of large Internet companies, with three groups of people developing products simultaneously within the company.

Xigua Video tried PUGC, but when long content didn't work, it turned to short videos; then there was a product that targeted Kuaishou's lower-end market, tentatively named "Volcano"; and finally there was "A.me," the predecessor of Douyin, which was positioned as a young and trendy product.

The programmer friendship between Zhang Yiming, Su Hua and Cheng Yixiao, who exchanged technical knowledge with each other, has come to an end. On the other hand, ByteDance is currently the least optimistic about Douyin, and its development team is very simple with only two people.

When Xie Jingxing heard the news, he had wanted to scold him in person. He had been too busy recently and had no time. Since he had decided to do it, he would eliminate the cost of trial and error and do his best. In addition, he had to talk about the new round of financing.

Wang Xing also came to Wuzhen. After the merger and acquisition, the morale of Meituan has stabilized. A comprehensive business restructuring will be launched next year. He will publicly announce his retirement next month.

Xiaohongshu is growing rapidly and is expected to be connected to the third-party merchant seller system early next year. Tencent is about to lead the C round of financing of 1 million US dollars; Bilibili will complete the C round of financing of 1.1 million US dollars in the fall, led by Tencent...

So at last year's Internet Conference, only thirteen chairs were allowed in at Xie Jingxing's dinner party, and people could enter by face recognition. This year, it is completely different.

The long dining table welcomes guests, with its back against the small bridge and flowing water of Wuzhen and facing the ancient hall, and the night sky is just as bright as the stars.

"Didi Cheng Wei and Liu Qing, do you need me to introduce them?"

Xie Jingxing gestured and called out to people: "Zhou Yuan from Zhihu, Su Hua from Kuaishou, and... Hu Weiwei and Wang Xiaofeng from Mobike."

"I've met most of them last year, but this is the first time I meet Mr. Liu. Please sit here." Zhou Yuan has always been good at socializing.

Liu Qing waved his hand and pressed Cheng Wei's shoulder to make him sit down, jokingly saying: "I just sent Mr. Cheng here, I don't want to get involved in your group of men's game, don't get our old Cheng drunk."

“An old mother sending her child to school?”

Shen Nanpeng's sharp words immediately caused laughter, and Zhang Tao responded by joking, "Mr. Hu, too, are you two a couple?"

"Boss Liu has shown his support for me. With someone in charge at home, I can drink with you guys tonight without worrying about getting drunk!"

Cheng Wei took over the conversation and retorted. He could drink a lot and shouted so loudly that everyone stepped back and cheered.

"Since we are here, we must have a drink before we leave. I propose that we toast to the two ladies."

Xie Jingxing stood up and started: "Secondly, as Zhou Yuan said, most of the friends were at the party last year, and there are also new faces joining."

After listening to his words, everyone calmed down and waited quietly. Liu Qiangdong and Pony Ma did not form a separate group this year. Ding Lei gathered Zhang Chaoyang and other old friends as usual. It was said that Mr. Ma brought his Alibaba friends out to eat and drink.

The entire circle of leading Internet companies are basically all here tonight. Although it does not mean that they are clearly separated from each other, it is normal for them to make their own appearances later in the day.

But it is obvious that the table where the first glass of wine is drunk indicates the closeness of the relationship.

Xie Jingxing's group consists of half investors and half founders, including several senior venture capitalists such as Shen Nanpeng, as well as top unicorns such as Cheng Wei and Zhang Yiming.

It's not that he has gathered the so-called new forces of the Internet, but that he has created a number of shining new stars that have risen rapidly. We need to listen quietly and carefully to his speeches.

"2015 is about to pass. I hope everyone's wishes will come true and we can meet again every year in the future."

Xie Jingxing toasted all around, and finally clinked glasses with Wang Xing next to him. He sincerely hoped to see him again next year.

The whole audience happily toasted together. As soon as Liu Qing put down his glass, he quickly filled it with wine and said some polite words to toast the whole audience. His goal tonight was to make himself familiar with the audience and then go home.

After all, except for Young Marshal Xie, they are all older brothers, so it is not convenient for her to stay for long. To some extent, when she was interviewed by the Americans, she said that her position as the president was not likable, which was somewhat objective...

The older brothers were happy to give him face. They made some mean jokes but actually let him go, acting like gentlemen.

"Boss Hu, you should also give a toast to the CEO."

Wang Xiaofeng was unfamiliar with the crowd and sat last. He covered his mouth with his hand and reminded Hu Weiwei in a low voice, fearing that the literary and artistic nature of their founder would flare up and he would not be able to hold his own.

She glanced at Liu Qing, who was handling things with ease, and couldn't help but pursed her lips. She picked up the small wine cup and came forward: "Boss Xie, I'm leaving first."

"Okay, go to bed early. Please let me know the time for the subsequent poster shoot." Xie Jingxing had a polite smile on his face.

Hu Weiwei nodded slightly as if it was no objection, and the two of them talked as casually as usual, tacitly forgetting about last night.

As an adult, you should not take seriously what you do under the influence of alcohol, because you will eventually sober up and return to reality.

Xie Jingxing also tacitly agreed that Wang Xiaofeng was in control of the company, but at least he still respected her and was willing to give her some perfunctory consolation, which was enough and he couldn't ask for more.

Hu Weiwei turned the ring on her finger, secretly wondering what to do next.

But for Xie Jingxing, Mobike is by no means the top priority. The headquarters of Jingxing Investment Group is about to open a new office, and there are a lot of year-end summaries of projects to be processed.

After attending the Internet Conference and returning to Shanghai, my daughter will probably call me dad. "Defeat Mobike! Defeat Mobike! Defeat Mobike!"

As the glasses clinked, faint shouts could be heard from the other side of the river. It was probably the sound of Cheng Wei and Mao Wenchao playing finger-guessing games, and the atmosphere became stagnant.

"Fuck you uncle!"

Wang Xiaofeng stood up with a ruddy face, picked up a chicken leg and threw it out the window. He was as excited as a teenager in his forties: "Mobike is No.1!"

More than 20 people in the venture capital circle present looked at him with awe.

"Awesome! Mobike is number one in the market!" Xie Jingxing couldn't help but give a thumbs up.

"Awesome, number one in the market!"

"NO.1!"

As the wine gets stronger and the applause grows, entrepreneurs should treat their companies as their proudest children. Otherwise, how can they stay firm in their beliefs and overcome every hurdle?

As for Hu Weiwei, founders and entrepreneurs cannot be lumped together, as each industry has its own unique differences.

…………

On April 12th, Modu.

As Christmas approaches, the streets and alleys occasionally have festive decorations in front of shops. A middle-aged white man with bronze skin, broad shoulders and a long body walks down the street with one hand in the pocket of his windbreaker and his clothes open.

Seeing a red bicycle parked next to a dead tree in front of a store, I stopped and took out my phone to compare the red envelope mark displayed on the screen. After confirming it was correct, I scanned the QR code to unlock and drive.

"Smart play." Jim Goetz muttered to himself, tapping his chin.

Mobike launched the "Red Envelope Bike" three days ago. As the name suggests, you only need to find the bike marked with a red envelope on the map, unlock it and ride 500 meters, or ride to a designated location, and you will randomly receive a cash red envelope of 1-100 yuan.

This move increases user stickiness and directly improves the operational efficiency of bicycle circulation.

For example, the bike in front of you standing alone on the side of the road normally requires Mobike's offline operations team to send someone to collect the bikes and charge the smart locks at night, and then put them in the planned parking spots tomorrow morning.

Now he can charge his smart lock after riding 500 meters and then ride to a designated location, which may be a crowded place or a planned parking spot.

Xiao Xie, a friend regardless of age difference, is too good at burning money. The speed of evolution of Chinese Internet companies is even more bizarre.

Jim Gotz rode the shared bicycle unsteadily, letting out the emotion and chill in his heart, which turned into a light white cool mist.

He studied it carefully and found that this "game interactive probability lottery" subsidy marketing plan was developed and promoted during the competition between Didi and Kuaidi, and has now become a standard routine in various money-burning fields in the Internet.

In just three days, ofo followed suit and launched the same red envelope bicycle activity, with a maximum of 5000 yuan in cash red envelopes and a minimum of...

Well, there seems to be no lower limit, which shows the magic of Chinese Internet companies!

Since the time when the United States defeated the Morgan family, talented people have emerged in large numbers, fighting wits and courage with regulators to push taxation to 2100 years later, that is, the year . The business law loopholes that future generations of businessmen can exploit are limited, and they all rely on business innovation to get around the edge.

In comparison, China's business counterparts are extremely happy, and can be said to be crossing the river to America by feeling their way in all aspects.

Kalanick attributed the failure of expanding the Greater China market to the failure to integrate local business ethics and localize in a timely manner when he was on the board of directors. It is not unreasonable to re-examine it.

"Hello, excuse me, why can't I transfer money to my bank card?"

After Jim Gotz finished riding his bike, a 3 yuan red envelope popped up on his phone screen. He tried to transfer the money for a long time but couldn't, so he was so anxious that he went around in circles and asked a random young man passing by for help.

The other party blinked his eyes, looked at his phone, then looked at him, and explained in fairly fluent English: "You mean withdrawing money? You can only withdraw money if you have 10 yuan in your account."

"So, I still have to ride three red envelope bikes?" Jim Gotz asked seriously.

The young man said hesitantly, "I rode a red envelope bike yesterday and only won a 1 yuan red envelope. You are lucky. Theoretically speaking, you only need to ride once at least and seven times at most to get the red envelope."

"...Okay, thank you. My name is Jim, and it's an honor to meet you." Jim Goetz had no choice but to understand Kalanick more and more.

"You're welcome. Just call me Xiangzi."

"Xiangzi?"

The young man gestured as if he was riding a bicycle: "Yes, Xiangzi the Camel."

"Camel Xiangzi."

Jim Goetz repeated in broken Mandarin, switching the phone page to show: "I want to go to this address, the navigation shows it is nearby, but I don't recognize the Chinese signs, can you help me?"

"Wubu (Modu) Software Technology Co., Ltd., OK, I know the address."

The young man read out the company name, thought about it and readily agreed, and asked as he led the way, "Are you here on business?"

"Yes, it's an investment project. I'm here to investigate on behalf of the investor." Jim Goetz tried to be honest in return.

The part that cannot be said is that Sequoia Capital of the United States has already invested in Uber Global. As the year draws to a close, Uber China is expected to suffer a huge loss of more than one billion US dollars. The entire board of directors wants to put a gun to Kalanick's head and interrogate him about what is going on.

Losing money is acceptable, but what is unacceptable is that Uber has swept the world but only set up a physical branch in China, managed its business separately, and its founder openly flattered China.

A lot of useless things that only increased costs were done, resulting in an annual net loss of more than one billion US dollars, an endless bleeding pit with no end in sight!

Uber has already achieved initial profitability in some markets around the world. In the future, it should consolidate its dominant position in the global online ride-hailing market share, expand profits, strive for a listing, and provide returns to investors.

Why should we waste too much energy on fighting Didi, a country bumpkin with no way out?
Obviously, there are huge markets in North America, Europe, Southeast Asia, and even South Africa and the Middle East. Wouldn't it be better to massacre the indigenous rebels in these places!
The reason why Jim Goetz was unable to meet with Xie Jingxing during his visit to China was to avoid suspicion. He was responsible for representing the entire board of directors, bypassing Kalanick and the Chinese senior management team to evaluate the actual situation of Uber China.

If the result is not satisfactory, the board of directors may resort to forcing the emperor to abdicate.

"Liu Zhen." Jim Goetz silently read Uber China's chief strategy officer.

It is said that she is the cousin of Didi President Ms. Jean Liu, and at first glance she seems more likely to collaborate with the enemy than herself.

"Thank you very much, Xiangzi, is there anything I can do for you?"

Walking into the office building, Jim Goetz complained in his heart that he couldn't see Xiao Xie, while politely thanking him and asking questions.

The young man who led the way frowned and thought: "Can I ask you a question?"

"If I can answer, why not?" Jim Goetz raised his eyebrows.

The young man pointed at his open shirt and said, "Have you Europeans and Americans evolved secretly without telling us? Aren't you cold?"

"..."

Jim Goetz was stunned for a few seconds, then he burst into laughter and opened his arms: "Xiangzi, thank you, I hope we will have the chance to meet again."

“You are welcome to come to China anytime.”

"I hope I can bring gifts to you and my other Chinese friend by then." (End of this chapter)