Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 306: 10 billion US dollars, will you sell it?
The only drawback is that Sina Weibo is just an ally, and as long as it is an ally, there will be a day when it is no longer an ally. Therefore, Chen Mo plans to further deepen the relationship with Sina Weibo, which is to discuss strategic investment with Sina Weibo.

Why not? Because they can’t afford it. Sina Weibo’s market value is nearly 10 billion US dollars, which is about the same size as Bi’an. Why would they want to acquire it? Even a giant like Alibaba is daunted by Sina.

Although Chen Tong is no longer with Sina, there are still some informants inside. After all, he has been working at Sina for more than ten years. Although he can't say that he has many disciples at Sina, he is not far off.

The news Chen Mo got from Chen Tong before was that at the beginning, Ma planned to acquire Sina Weibo in one go, but was rejected firmly and without any room for maneuver by Sina's boss Cao Guowei, because Sina Weibo plans to go public independently in 14-15, and its market value will increase significantly by then. Only a fool would agree to the acquisition now.

So Chen Mo wanted to invest in Sina, and not to hold a controlling stake just for the sake of profit. It was just like an ancient marriage, except that one was marrying a wife or daughter, and the other was an exchange of interests between money and shares.

This is an after-school assignment that Chen Mo gave to Chen Tong and Zhou Shouzi.

Finally, at this meeting, all employees approved the proposal for the transformation of the Bian'an Company into a group.

The direction was determined by Chen Mo, and Zhou Shouzi made a lot of contributions behind the scenes, including the acquisition of AB stations, overseas investment analysis and suggestions, and even the promotion of the groupization process.

This was also Chen Mo's intention at the beginning of the year to split each business unit into subsidiaries, each responsible for a business.

After the establishment of the group, it will be more conducive to coordinating and optimizing the allocation of resources, improving management efficiency, and enhancing brand image and visibility.

June 2012, 6, International Children's Day.

On this day when the children and adults were rejoicing, the day of the establishment of the Bian'an Group came. However, Chen Mo planned to hold the group establishment ceremony at the new location when the company moved.

The ribbon-cutting ceremony is to rename the building, China Resources Wucai City. With the joint efforts of Chen Mo and Lei Jun, it finally became Mi'an Wucai City.
The downstairs was decorated with lights and colors, and Chen Mo, chairman of the Bi'an Group, and Lei Jun, chairman of Xiaomi Technology, cut the ribbon together.

The media's flash lights on the scene kept flashing.

There was also a lion dance performance in the square, which was very lively.

There were welfare distributions all around, some were giving out eggs, some were giving out supermarket coupons. The main theme was to be down-to-earth and have fun with the people, which boosted the favorability of the people around.

Related reports appeared on the Internet that day.

At the same time, it also attracted heated discussions among some netizens. Some senior Mi fans and Mo fans even expressed their feelings that they watched Bi'an and Xiaomi grow up step by step, and their words were full of sighs.

After the noise, calm returns.

A few days later, Chen Mo, Xu Chaojun, Zhang Xiaolong and Zhou Shouzi formed the Four Commanders of the Other Shore and were invited to visit Baidu headquarters.

It was half a month later than the time he had agreed with Robin Li, because Chen Mo was focusing on the layout related to live video streaming.

As for Robin Li, he has also been making plans during this period and has repeatedly discussed Baidu's layout on the mobile side with Baidu's think tank.

Currently, there is Nuomi for group buying, Baidu mobile for searching, and iQiyi for videos, but these are far from enough.

Search is an absolute entrance in the traditional Internet era, but in a closed environment like a mobile terminal, it is just one of the applications.

This was confirmed after one year of verification after the launch of Baidu mobile app.

Tens of millions of installed units may be a huge amount of traffic for other small manufacturers, but for Baidu, the result of not breaking 100 million can only be said to be unsatisfactory.

There are only a few tickets to the mobile Internet market, and social networking is firmly controlled by Bi'an and Tengxun, so it is not easy to get involved.

Baidu, an e-commerce company, does not have this gene, and its previous attempts have ended in failure. Not to mention that Taobao and JD.com are not easy to deal with.

If you want to expand traffic, you need to occupy the entrance. In addition to social networking and e-commerce, Baidu also cooperates with mobile phone manufacturers, such as Xiaomi and China Cool Alliance, to discuss cooperation and implant Baidu mobile phones as pre-installed software.

Finally, Robin Li set his sights on the mobile assistant field because after internal discussions at Baidu, it was believed that mastering application distribution meant mastering the entrance to the mobile market. In other words, it meant mastering the future of a company's entry into mobile Internet.

Currently, the installed base of mobile assistants is very large, and such distribution platforms have great say. The order of which application is in front and which application is behind directly affects the exposure and is very important. For example, by launching "must-download for users", a series of application software is recommended to users.

Now for consumers, one-click downloading is the most worry-free method. The difference between whether Baidu is in it or not is huge.

As long as they take over the mobile assistant, they will occupy the largest distribution platform in the country.

There are only two largest mobile phone assistants in China, 91 Mobile Assistant and Bi'an Mobile Assistant.

Baidu has conducted research on these two companies. Distribution can not only support the development of its own business, but also earn a lot of profits. For example, 91 made a net profit of 2 million last year, and Bi'an Assistant is not much behind. However, the latter is more to support Bi'an's own business, and the net profit is less.

In fact, Baidu has also developed a Baidu Mobile Assistant, which has just been online for two months. Due to its late start, its performance has been mediocre after its launch and it is not even ranked in the top five.

This gave Li Yanhong the idea of ​​buying a ready-made company, which is also in line with the Sequoia theory proposed by Tang Hesong. When looking for a job, you can get the most benefits by talking to the boss, and when acquiring a company, you should also find the strongest one to negotiate with.

Therefore, the first person Baidu approached was 91 Wireless. A month ago, Tang Hesong, Baidu's vice president in charge of investment and M&A strategy, approached 91 Wireless CEO Hu Zemin, expressed interest in 91 Mobile Assistant, and proposed an acquisition intention.

At this time, 91 Wireless was preparing to launch its listing plan in Hong Kong. It had previously introduced the last round of strategic investment of US$1780 million led by Li Zekai, and hired very outstanding lawyers to clear legal and regulatory obstacles.

Just at that time, Hu Zekai saw that Baidu actually wanted to acquire his own 91 Wireless. He suddenly had an idea and realized that this was a once-in-a-lifetime opportunity.

91 has a valuation of nearly $6 million when it goes public. Baidu wants to acquire it.
A few days later, Hu Zemin "by chance" attended a public event of Alibaba, and then for some reason the media reported that Alibaba was interested in acquiring 91 Wireless.

As luck would have it, Alibaba was indeed interested in 91 Mobile Assistant. At the same time, Hu Zemin casually revealed Baidu's intention to acquire 91, and Alibaba subsequently expressed its desire to acquire 91.

As a result, with the support of both Alibaba and Baidu, 91 Wireless's market value has soared from US$6 million to US$12 billion, doubling directly, and it seems that there is still an upward trend.

Li Yanhong, who suddenly wanted to sneak into the village, found himself in a situation where he was at loggerheads with his wife, and the feeling of being roasted on the fire made him very annoyed. Since the other party was on the first day, he would be on the fifteenth.

That's why he took the initiative to find Chen Mo to discuss the motives of the mobile assistant at the previous Spring Festival Gala bidding conference. Unexpectedly, the other party did not refuse at all, which obviously meant there was hope.

Although Bi'an Mobile Assistant's distribution capabilities are comparable to 91, its growth momentum and user satisfaction rate both exceed the other.

Currently, Alibaba has asked for US$91 billion for 15 Assistant. Baidu then used a procrastination tactic towards 91, preparing to see what the other side’s offer would be.

This is the main reason why Robin Li invited Chen Mo over.

When the four handsome men from the other side saw Baidu's number one handsome man, they not only greeted him personally, but also brought along the prince, the god of wealth and other senior executives.

When both sides saw each other's lineup, it was obvious that everyone was very sincere, so everyone smiled more. After the routine polite greetings, everyone was led by Baidu to browse the history of Baidu's development and its past achievements.

Li Yanhong also added explanations from time to time beside Chen Mo, introducing Baidu's current major businesses and some major planning directions, etc.

Chen Mo and others learned about the overall development of Baidu, and then came to an honor room of Baidu, which was filled with various plaques, certificates, trophies, etc. The whole room was full of dazzling items.

This made Chen Mo secretly astonished. What a waste of time. He changed the name and waited for the new building on the other side to be completed. He also built a room like this. It was really impressive.

Finally, in a spacious and imposing reception room at Baidu headquarters, the host and the guests took their seats one after another, and the main topic of today began.

Baidu's "Prince" Li Mingyuan spoke first, and got straight to the point, "This time Baidu invited Mr. Chen from the other side and everyone to come here, and we would like to seek cooperation with you on two matters."

Soldiers confronted soldiers, generals confronted generals. Xu Chaojun took over the conversation and replied indifferently, "I wonder which two things they are about?"

"Discussion on the Possibility of Business Cooperation between Bi'an Mobile Assistant, Baidu and Bi'an"

"Appreciate further details."

Li Mingyuan roughly expressed Baidu's desire to acquire the Bi'an Mobile Assistant, and at the same time stood on the standpoints of both parties to analyze what kind of benefits and returns each would get.

For example, Baidu Mobile Assistant and Bi'an Mobile Assistant will be merged into one, the distribution capability will be further enhanced, and Bi'an will receive a large amount of funds.

At this time, Zhou Shouzi smiled and said, "We in the other side are not short of funds now."

"But who would complain about having too much money?" Tang Hesong took over the conversation, and then listed the various businesses on the other side that had relatively large expenses.
"Baidu is also exploring related businesses and is well aware of the investment involved. In addition, I heard that Bi'an has developed its own game engine, which is also a money-eating beast.

Recently, Bi'an Ventures has been making a lot of investments, which means a lot of money. In addition, the recent games haven't made any money. A more abundant cash flow is a good thing for a group like Bi'an, isn't it? "

If someone who didn't know the inside story heard what Tang Hesong said, they would think he was the CFO of the other side.

Chen Mo found that the two buddies were both good at speaking, and their speeches were clear and focused, which was exactly the opposite of Li Yanhong's personality.

After all, it was the other party who invited him here. Adhering to the principle of remaining constant in the face of ever-changing circumstances and knowing that it is not a good deal to push someone too far, Chen Mo did not say anything.

The buyer does not quote the price, and the seller does not confess the price.

Baidu already had its own valuation for Bi'an Mobile Assistant and had already divided up the successors. The negotiation strategy had been determined a few days ago.

Seeing that everyone on the other side was silent, which was also a situation that had been considered before, Li Mingyuan and Tang Hesong looked at each other, and the latter slowly spoke,
"Baidu offered $10 billion to acquire Bi'an Mobile Assistant. I wonder if Mr. Chen will give it up?"

(End of this chapter)