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

Chapter 816 Yu Donglai's Italian Cannon!

LeEco Building.

When Jia Yueting saw the recruitment letter from the other side, his first reaction was an urge to apply.
The flame of 'suffocating for dreams' is long gone from him; now only wisps of smoke struggle between icebergs and giant waves.

First, LeEco faces extremely severe debt pressure. The total debt of the LeEco group still exceeds 200 billion yuan. LeEco's mobile phone, sports, and automobile businesses have all encountered problems such as suppliers demanding payment and employees being owed wages.

Meanwhile, with some previously acquired copyrights expiring and lacking funds for renewal, LeSports lost core copyrights such as the Chinese Super League and the AFC Champions League. LeEco Mobile was nearly shut down due to overdue payments to its supply chain, and the construction of LeEco Auto's overseas factories also stalled.

This has also affected the company's stock price. After resuming trading at the beginning of the year, it only rose for two days before being halved again, with its market value evaporating by more than 600 billion.

As for the 150 billion yuan that Sun Hongbin mentioned in early January, it seems like a lot, but it's clearly not enough to plug LeEco's current financial hole.

This 150 billion yuan is not so easy to obtain. What makes him feel uneasy is that Sun Hongbin, the newly appointed second largest shareholder, is pressing him step by step, using his shareholder status to push LeEco to sever ties with him. It may not be long before he loses even his position as general manager.

Despite his seemingly positive and optimistic demeanor and ever-present passion, Jia Yueting is actually a complete pessimist.

He believed in considering failure before seeking victory, which is why he chose to have his family members gradually cash out when LeEco's stock price was at its peak.

The only thing Jia Yueting can be thankful for is that he has already made arrangements for his future in the past few months.

With no worries about the future, he can go all out and take a gamble!
To this end, he also drew up a detailed plan called "LeEco's Rebirth", which is divided into three stages: stopping the bleeding, generating revenue, and rebirth. The plan is very clear.

300 billion!
Jia Yueting is confident that with another 300 billion yuan in funding, he can expand into mobile phones, smart home appliances, cloud services, automobiles…

These sectors remain the future hot spots; just look at Xiaomi today, which has already developed into the model LeEco envisioned.

He is confident that with the funds in place, under his leadership, LeEco will truly rise from the ashes, as the plan's title suggests.

He has been searching for many big names in the financial world, including Ma Xiaowei, Wang Jianlin, and Liu Yonghao, and his once invincible personal charm has now lost all its luster.

Nowadays, LeEco is seen as a complete mess by these people, and it's as if it carries some kind of contagious disease, which they avoid like the plague.

Unfortunately, there is only one Sun Hongbin in this world.
Looking across China, only Chen Mo can pull out 300 billion in one go.

For some reason, Jia Yueting always had a premonition that he and Chen Mo were the same kind of people, that is, they could see the future!
He believed that with Chen Mo's discerning eye, he could definitely see the potential that LeEco currently possessed.

Unfortunately, their last meeting ended badly, and this guy has already blacklisted him.

Staring at the recruitment page, Jia Yueting suddenly smiled.

He remembered that one of his small companies met the requirements, so he immediately asked the person in charge to sign up, while he himself planned to attend the meeting as an advisor.

As long as he could meet Chen Mo, he believed that the other party would definitely understand the feasibility of the "LeEco Rebirth" plan.

With a potential future of 300 billion or more in exchange for 3000 billion, Jia Yueting is confident he can convince the other party; all he needs now is an opportunity.

Sometimes he couldn't understand what Chen Mo was thinking.
If he were the chairman of the Beyond Group, he would definitely be all in on car manufacturing right now.

But look at what small and micro enterprises they're helping now. The first batch only included a hundred. What's the point of such a small-scale effort?

With that time, energy, and money, helping LeEco get back on track would be enough to catch up with the development of a thousand small and micro enterprises.

Perhaps this is just the perverse sense of humor of those in power.

In Tencent's president's office, Pony Ma pointed to the "Strengthening Recruitment" brochure projected on the screen and looked around at everyone.

What do you think Chen Mo's plan is?

"The other side has already firmly established itself as the number one trading platform on the internet. I wonder if Chen Mo's move is an attempt to curry favor with his superiors and offer a pledge of allegiance?"

"I have a feeling that the other side wants to bring these companies together and guide their development according to the model of Qing Teng Academy, just like Lao Ma's Lakeside Academy."

"Does he want to create the Whampoa Military Academy of the internet? And become its principal?"

Various speculations arose, but none suggested that Chen Mo wanted to show off or put on a show, since someone at Chen Mo's level would disdain such things.

After listening to everyone's opinions, Little Ma tapped the table.

“Although it’s unclear what Chen Mo’s ultimate goal is in helping those small and medium-sized enterprises, I think we can’t let the other side have all the glory. We still need to catch up. In the beginning, we can just make a gesture. I propose that the group allocate 10 billion yuan to support local small and medium-sized enterprises in Shenzhen. What do you all think?”

Some have raised objections, arguing that "Huawei hasn't even made a move, so isn't it a bit outrageous for us to follow suit so rashly?"

Little Ma could sense the unspoken message and smiled slightly.
"You all know my style. Either I don't learn it at all, or I learn it to the end. I never give up halfway. Let's vote. Raise your hand if you're against it!"

After saying that, Little Ma smiled and looked at everyone.

看 着 看 着
The meeting room was completely silent.

No one made a move. Little Ma nodded in satisfaction. "Since everyone agrees, then this matter is passed amicably!"

After the meeting, Pony Ma stood alone in front of the floor-to-ceiling window in his office, gazing at the churning clouds on the horizon.

After six months of careful preparation, Tencent's Penguin Mobility has successfully expanded its business to more than 20 cities, including Shenzhen, by integrating resources from several small and medium-sized ride-hailing platforms, such as Cao Cao Mobility.

Today, this emerging ride-hailing platform has quietly risen to prominence, firmly holding the third position in the industry with a 15% market share, second only to industry giants Dache and Didi.

Pony Ma astutely realized that, just as Chen Mo had promised, the strategic contraction of taxi services in the southern market had indeed created valuable development space for Tencent Mobility.

Therefore, he also had some selfish motives in doing this today, echoing the sentiments of the other side and returning the favor to Chen Mo.

The current internet-based transportation sector has begun to shift its focus from ride-hailing to the sharing economy, with shared bicycles being a tangible product of this shift.

In order to compete with ride-hailing services, Didi invested $2 million to lead Mobike's Series C funding round at the beginning of the year, bringing its valuation to $10 billion.

Meituan was not to be outdone, and frequently contacted ofo, the yellow bike-sharing company. Initially, there were rumors in the industry that ofo would receive investment from Biyuan, but for some reason, nothing came of it. In the end, ofo, which had the earliest development, became the last one in this bike-sharing war.

But whether it's Didi or Meituan, they are both controlled by the invisible hand of Alibaba.

In contrast, although Tiantian Bike, a subsidiary of Dache Chuxing, started the latest among the three companies, it was able to maintain a calm mindset, focus on refining its product, and then subtly lay the groundwork for future development.

At the beginning of this year, thanks to the excellent quality of its bicycles and its bold market investment, the company spread rapidly across the country, pioneering the concept of "sharing is for real, ride bicycles for free every day," and directly capturing the largest share of the bicycle market.

It is rumored that this series of fierce market offensives was the work of a young trader named Li Wu, whose style is exactly the same as Chen Mo's, so he is known as "Little Chen Mo" within the company.

If that's the case, it's not surprising; it does indeed have some of Chen Mo's reckless fighting style.

This bike-sharing war is far from a simple local competition; it will directly impact ride-hailing services and Didi's future IPO valuation.

According to market rules, the competition between the top two companies in an industry to go public often results in the third company being eliminated.

But why is Tencent content to be third?
This stems from his meaningful meeting with Chen Mo last year.

Of course, he wouldn't just believe Chen Mo's one-sided story. After returning, he used the group's resources to conduct an investigation and deduction in the direction Chen Mo had mentioned.

Didi-Alibaba-Lenovo Liu Qing-Pony Ma-Liu Bei-Lakeside
It's like a matching puzzle, but whether it will develop in the direction Chen Mo suggested, no one can say for sure in the end.

However, you don't always have to be 100% certain before taking action. In business, sometimes a 50% chance of success is enough to justify taking a gamble.

Many companies have succeeded through such gambles, such as Tencent sticking with QQ and Shanda betting on "Legend of Mir".
If Tencent Travel wins, trading billions for hundreds of billions, it's a worthwhile risk to try.

Little Ma is gambling, and so is Yu Donglai.

When Yu Donglai saw the first-quarter revenue data of Yonghui's three renovated stores in Beijing and the data reported by the previously dispatched inspection team, he felt that he had lost his gamble.

He had too much faith in the humanity of the Yonghui management team.

Over the past six months, Pang Donglai has put in a tremendous amount of effort into renovating Yonghui's three stores in Beijing, and it is no exaggeration to say that they have shared all their knowledge and expertise with Yonghui.

The effects of the adjustments made to these three Yonghui stores by Pang Donglai were immediate: daily customer traffic jumped from thousands to over ten thousand, and daily revenue increased tenfold, from one hundred thousand to over one million, with sales in the fresh produce section tripling.

The wages of the employees in these three stores have also increased by 35%, just as Yonghui and Pang Donglai had previously agreed.

But what did he see? Yonghui's management used extending business hours as a means to increase revenue, but even with a 3-hour extension, the hourly wage for employees remained at 22 yuan.

This completely deviates from Pang Donglai's "people-oriented" business philosophy.

If it were just a simple act of helping out that led to the current situation, Yu Donglai wouldn't be so angry.

After six months of hard work and all that fuss, it turns out that Yonghui was just using the guise of cooperating with Pang Donglai to make changes in order to pursue quick profits.

At this moment, Yu Donglai felt that all his enthusiasm had been wasted, and he was disheartened and furious!

It's a win-win situation for all parties, yet they insist on draining the pond to catch all the fish. Isn't that just being foolish?
Thinking about the supermarket week event in Beijing in a few days, all the idiots who should be there will be there.

He had only one thought in his mind: fire!
On April 18, a magical scene unfolded at the Beijing Supermarket Week event.

While Yonghui executives were giving a passionate speech on the outstanding achievements of the past quarter, and talking at length about how "the key to the reform lies in refined operation to improve human efficiency," Yu Donglai suddenly strode onto the stage, looking just like an old man grabbing discounted eggs when the supermarket just opened.

He snatched the microphone and immediately posed a probing question: "I just want to ask, after the restructuring, the three stores made so much money, why wasn't it distributed to the employees first? Where did it all go?"

The Yonghui executive on stage clearly had no experience with this complicated situation. For a moment, he looked like a primary school student being lectured for doing something wrong, flustered and blushing.

The air in the room froze instantly, followed by an uproar.

The telephoto lens raised by the reporters in the back row captured this rare sight.
(End of this chapter)