Reborn: Billionaire in College

"It's not that I can't, it's that I don't want to!"

After repeated negotiations, Uber China's shareholders, both large and small, finally reached an agreement at the end of August.

Can be sold at a reduced price!

After receiving the news, Chen Pingjiang thought about it and decided to post a long blog post on Weibo.

This blog post made Liu Zhen so angry that he vomited blood.

You don't even want our low price? And you want to add another one?

"In the past six months, various rumors about Uber have emerged one after another, and some people have approached me to discuss a merger or acquisition between Uber China and Didi."

"I have stated my position many times: no merger, no acquisition. Many people think this is a negotiation tactic, and I, Chen Pingjiang, am trying to lower the price. I had a feeling late at night, so I wrote this blog post to explain my point of view. It's not that AutoNavi cannot acquire Uber, but that it is unwilling to do so."

"This is also my final response and I will not discuss this matter in any public or private setting in the future."

"I've seen multiple financial media outlets or bloggers talk about this, and they all make sense, but they all overlooked one very important thing."

"At least in my opinion, AutoNavi needs a good rival like Uber. I really don't think that if AutoNavi monopolizes the market, it will be helpful in improving service quality, and I also don't think it will be helpful in improving AutoNavi's technical level."

"Personally, I hope that AutoNavi has the ability to exercise self-discipline and self-monitoring, so as not to become a thorn in the eyes of consumers and competitors."

……

It is said to be a long blog post, but the article stops abruptly halfway through, leaving a feeling of wanting more.

This was also the first time that Chen Pingjiang revealed his business affairs and his own thoughts on the Internet.

The most annoyed are naturally Uber's shareholders.

Our store is so cheap, we even offer buy one get five free, and you still don’t like it. Isn’t that too much?
Users also had mixed reactions to Chen Pingjiang's remarks.

A small number of people believe that Chen Pingjiang's remarks are just a show, and that capital has its own internal driving force, all aiming for monopoly.

Once AutoNavi swallows up Uber, leaving aside other things, Didi Chuxing, which is owned by AutoNavi, will be able to openly reduce user discounts, organize fewer activities, and even exploit drivers to quickly achieve profitability.

What a tempting piece of cake! People don’t believe that Chen Pingjiang and Gaode can resist it. But the reason they don’t do so is not because they can’t, but because they are afraid of the iron fist of supervision.

The comments implied that Chen Pingjiang was "hypocritical" and "pretentious."

Zhou Hongyi, the red-robed leader whose life was saved by Chen Pingjiang, is also a Weibo user and even got into trouble at the last Wuzhen Summit.

Seeing that Chen Pingjiang was misunderstood like this, he could no longer sit still and personally wrote several hundred words to refute the little black fans.

"I have known for a long time that Uber investors can't hold back, and the answer is simple - Uber China is a bit "chicken ribs", tasteless to eat, but a pity to abandon. Given the current market structure and even the financing scale of both parties, Uber China has only two options: surrender or die in battle."

"But is AutoNavi willing to take over Uber China at this time? At present, AutoNavi occupies more than 80% of the market, covering more than 400 cities across the country. The number of orders processed per day exceeded 4 million in April, and the current average daily order volume is 1000 million. More importantly, 1600 of the 400 cities are already profitable, and AutoNavi's overall profitability is just around the corner."

"At present, AutoNavi has firmly grasped the initiative in the market, but there is no need for it to merge with Uber China. The simple reason is that during the group buying war, did Renrengou need to merge with Lashou and Wowotuan? There was no need at all. When the war was over, the users would naturally be theirs. At that time, Renrengou had more than 50% of the market share, while AutoNavi had more than 80% of the market share."

"For AutoNavi, the existence of Uber China is a good thing from a regulatory perspective. AutoNavi does not need to exert any effort to maintain its market share. Over time, Uber China will become increasingly weak."

“As long as AutoNavi doesn’t ask for a merger with Uber China, Uber China will either wait for death or die in battle. All AutoNavi needs is time.”

The pros and cons were arguing fiercely.

But it is undeniable that, at least at the user level, everyone hopes to see multiple companies competing together. A monopoly by one company is definitely not a good thing for consumers.

The competition between Taobao and JD.com has promoted the rapid development of the domestic e-commerce industry and brought more benefits to users. However, if there is only Taobao in the world, users will not even have the right to choose.

Some people say that there are still a lot of online ride-hailing companies everywhere?
But after all, those are all very small companies that only have business in one or a few cities.

"Either wait to die, or die in battle!"

When Liu Zhen saw this, although he was extremely reluctant to admit it, he had to admit that Zhou Hongyi was right.

This is why shareholders are so impatient.

After all, business competition is not a real battlefield.

On a real battlefield, soldiers would rather die than surrender for their country and honor.

But in business competition, shareholders care about interests. Dying in battle is not a noble thing. Instead, it means losing everything. Surrender is never a shameful thing because at least some combat power is preserved.

…………

Amidst the hustle and bustle, time has quietly come to September. Midsummer has just passed, but the scorching heat has not yet subsided.

Chen Pingjiang was taking a nap at home at noon. His son Chen Yifei was lying on his belly, looking at the world around him curiously with his ignorant eyes.

Suddenly, a rapid ringing sounded, waking Chen Pingjiang from his half-asleep state.

Chen Pingjiang took the phone and looked at the caller ID before pressing the answer button, his left hand still teasing his son.

The call was from Cheng Wei.

As soon as the call was connected, Chen Pingjiang heard the other party's somewhat hurried voice: "Mr. Chen, things have changed. Just now, LeTV, led by Boss Jia, invested in Yidao Yongche and became its controlling shareholder. After the transaction is completed, LeTV Auto will obtain 70% of Yidao Yongche's equity."

After hearing the news, Chen Pingjiang frowned. Why is this Old Jia everywhere?
What made Chen Pingjiang even more speechless was that he had no memory of this incident at all.

After all, there are so many things going on in the business world, and Chen Pingjiang might not have been able to pay attention to everything in his previous life.

He thought about it in his mind.

This means that LeTV Auto's full industrial chain layout in the fields of smart Internet electric vehicle research and development, production and manufacturing, sales, Internet of Vehicles, charging strategies, after-sales service, car sharing and social operations will be more complete.

At this point, even Chen Pingjiang had to admit that Boss Jia was quite capable.

His character has long been judged, but his vision and methods are indeed good.

Moreover, whether you buy LeTV TV, LeTV mobile phone or even the later FF Faraday, the product strength is impeccable, and even the design will not be eliminated after several years.

It’s a pity that this person sometimes thinks too far and too much.

After putting down his phone, Chen Pingjiang showed a playful smile.

Is it just a coincidence that Boss Jia took over Yidao Car at this time?

I'm afraid not necessarily.

Perhaps Uber China is his ultimate goal.

Under the flapping of butterfly wings, the course of history will also be changed. Didi failed to take over AutoNavi, but perhaps it will succeed Yidao Car Rental? (End of this chapter)