Reborn: Billionaire in College

In just 5 minutes, Cheng Wei, who had gone out to make a phone call, returned to the restaurant.

But the expression on his face was not natural.

Liu Qing naturally saw it as well, and his heart sank.

Cheng Wei blushed and said, "I'm sorry, Mr. Chen has been busy lately and doesn't have time to see you. He asked me to talk to you."

Hearing this, Liu Qing sneered and stirred the soup with the spoon in his hand: "You really don't give me any face at all. Even if it wasn't for the merger of Uber and AutoNavi, you wouldn't refuse to meet me so bluntly, not to mention that my last name is Liu."

In Liu Qing's view, this was tantamount to humiliation.

If Chen Pingjiang was standing in front of him, he would feel like stabbing his heart.

"Ahem, that's too much. Director Chen does have several major projects to push forward this year. You also know that he has many businesses under his control and often travels around like a frequent flyer."

"No need to say more. Since we can't be on the same side, let's just continue to be rivals. No matter what, I won't let Gaode and Chen Pingjiang be so proud."

Almost in front of Cheng Wei's astonished eyes, Liu Qing picked up her Himalayan crocodile leather bag and stood up and left.

The movement of turning around seemed graceful, but his fingers betrayed Liu Qing's inner thoughts. He clenched his fists tightly and almost deformed the bag strap.

This bag is Liu Qing's favorite and she takes good care of it.

This bag is of considerable importance. At the Christie's spring auction in Hong Kong Island early last year, Liu Qing spent 294 million Hong Kong dollars to buy it, making it the most expensive "bag king" in the world.

Cheng Wei smiled bitterly and shook his head.

This was not the Liu Qing he knew. In his impression, Liu Qing was an extremely calm and capable woman. But what happened to her now?
However, he had no idea that Liu Qing had spent a very long time psychologically preparing herself for this visit to Cheng Wei, just to leave a way out for Uber so as not to lose everything.

Personally, she naturally didn't want to meet Chen Pingjiang, but out of her professional ethics as a manager, she had to come.

But I got slapped in the face not long after I sat down.

The other party didn't even give her a chance to meet, leaving Liu Qing with no chance to speak out the speech and plan she had prepared for a long time.

The so-called letting Cheng Wei make the decision was pure bullshit in Liu Qing's opinion.

No matter how powerful Cheng Wei is, he can be overthrown by Chen Pingjiang. After all, he is just a senior employee and a small shareholder.

Only after watching Liu Qing's figure gradually become blurred did Cheng Wei sit down again.

"What a pity! We haven't even had time to taste all these delicious dishes. What a waste."

After mumbling to himself, Cheng Wei picked up his chopsticks and started eating with relish.

If you ask for his opinion, it's that he doesn't want the merger either.

In addition to the points mentioned before, the two companies have almost no common investors, and the basis for a merger does not exist at all. A forced merger will only lead to repeated negotiations on interests between the two parties, which will involve the experiences of AutoNavi and Didi.

It is advisable to chase the poor with the courage of the left, but not to be the overlord.

Cheng Wei doesn't think he can sit back and relax after the merger.

The two sides have too many interests involved, and neither is willing to admit defeat. The competition between AutoNavi and Uber is completely different from the earlier competition between 58 and Ganji, Ctrip and Qunar, Youku and Tudou. The two are not only fighting on a global scale, but also fighting between two different models. Under such irreconcilable contradictions, the possibility of a merger is really low.

Everyone understands the truth, but objectively speaking, it is indeed difficult for Uber China to survive.

…………

A few days after Cheng Wei and Liu Qing met, various formal channels or private gossip exposed a variety of Uber-related news.

The news is overwhelming!

"According to reliable sources, Uber China is currently negotiating a merger with AutoNavi. Citing people familiar with the matter, several institutional investors are urging Uber to reach a cooperation agreement with AutoNavi in ​​order to stop Uber from spending billions of dollars to expand in the Chinese market. Sources said that Uber is currently unable to outperform Didi in China, and investors want to get their money back as soon as possible, so they don't want Uber China to continue to fight in this capital game. Sources said that Uber is currently unable to outperform Didi in China, and investors want to get their money back as soon as possible, so they don't want Uber China to continue to fight in this capital game. So Uber investors tried to sign a cooperation agreement with Didi, and the shareholders of both sides began to negotiate the transaction. One of Uber's investors said that he had at least 10 meetings and phone calls with Didi's shareholders."

At first, everyone thought it was just speculation. After all, it is a fact that Uber’s performance in China is not good, and there have been frequent rumors that Uber intends to withdraw from the Chinese market.

But this time, it seems so real no matter how you look at it.

Just one day later, Uber China's head of strategy Liu Zhen said in his WeChat Moments: "Just arrived in Kunming, our new city, take a deep breath - pure rumor, growing very fast, we are very busy and have no time to reply." At the same time, Uber China officially issued a statement saying: "We never comment on rumors and speculation." Later, AutoNavi Group Senior Vice President and Didi President Cheng Wei said that the rumors of Uber China's merger with AutoNavi were false, and the rumors stopped there.

Soon after, even Uber CEO Travis Kalanick, who was far away in North America, publicly stated that AutoNavi and Uber would not merge.

Just when everyone thought that the matter had ended there, more news came.

"Although Uber China will not merge with AutoNavi, it does intend to sell it. After all, the losses are too severe and shareholders are very dissatisfied. Uber is currently looking for potential buyers, including Yidao and China Travel."

This forced Yidao and Shenzhou Travel to quickly come out and deny the rumors, saying they had no intention of acquiring Uber China or merging with it.

To be honest, these two companies definitely want to swallow up Uber.

If successful, it will be of great benefit to oneself.

A lean camel is bigger than a horse. Although Uber failed in China, the market and resources were gained through actual losses.

Losing tens of billions in a year, are you kidding me?
Moreover, the customers who choose Uber are generally white-collar workers with relatively strong financial strength. These customers are exactly what they need. After all, these two companies are mainly engaged in the private car business.

Only Didi has now achieved diversified development.

Not only does it have online car-hailing business, it has also reached cooperation with taxis, and also has services such as designated driving and ride-sharing.

But these two companies only dare to think about it. As long as the opportunity is given to them, they will start to grumble and hesitate.

Firstly, it is difficult for them to swallow an elephant and offer a price that satisfies Uber shareholders.

Secondly, we have to worry about Gaode’s attitude.

Now, nearly 50% of the orders of these two companies come from Amap's distribution. Although they want to break away from Amap and set up their own business, they dare not take action at all.

When Uber’s predicament came to light, the situation became increasingly confusing, and the fate of Uber China also attracted the concern of many people.

Among them are both Uber's shareholders and its competitors. (End of this chapter)