I was reborn and stayed in school to lie down. I really don’t want to roll anymore!
Chapter 968: Obstacles in Investment
He gave detailed instructions to the development team on their follow-up work.
Although it was a temporary team, its development efficiency was not low, and Ling Jianyun was able to manage and command it, so he naturally helped to retain it.
"Teacher, one of them graduated at about the same time as me and can come here for internship first, while the other one will graduate next summer."
...
"That's fine! Just take care of the arrangements on this one."
"Let me tell you about the requirements for the second phase of the map project."
In the short term, the Haijing map will not compete with the mainstream maps in the market, or it would not make much sense if it did.
The map project itself does not generate direct profits, but rather indirectly serves the entire large corporate group.
So there is no need to fight, but some strategic arrangements must be given by Jiang Hao in advance.
“For car navigation, I need you to arrange for the team to continuously update the algorithm, especially for lane-level navigation.”
“It may not be supported by the hardware yet, but we will try to adapt it through software algorithms.”
"And the best way to travel by public transportation..."
...
Some of the content, especially car navigation, will be adapted to Jiang Hao’s subsequent driverless projects.
This places extremely high demands on the map, which is why he immediately gave Ling Jianyun the requirements for the second phase of development.
This conversation lasted almost another hour.
“Ha~che~!”
After a yawn, tears welled up in his red eyes.
The noise outside gradually became louder. It must be because working time was approaching and employees were arriving at the company one after another.
Jiang Hao now remembered that he had originally planned to make a quick decision, but he didn't expect that the conversation would take so long.
I won’t mention these anymore for now.
"I will email you the specific content requirements when the time comes."
"Now go back and rest. I'll give you and your team a week off."
“Don’t push yourself too hard. The project is not as urgent as you think.”
Although high efficiency is a good thing, it is really unnecessary to work so hard.
Now is not a critical moment for Haijing, and Jiang Hao still hopes to proceed according to schedule.
……
Jiang Hao didn't start eating breakfast again until Ling Jianyun left, yawning continuously.
The buns I got from the cafeteria were already cold, but fortunately the soy milk was just right for eating. The hot soy milk was a little hot at first.
But before he could finish the bun, Xu Qingqing knocked on his office door.
"Mr. Jiang, Manager He wants to make an appointment with you later."
"Do you have time here? Or should we change it to tomorrow?"
...
"Just for a moment, just ask him to come over."
After a while, He Wenhao came into the room wearing a white formal suit.
Compared to my own students who focus completely on the project, staying up late neglects their personal image.
He Wenhao is as exquisite as ever, with his hair carefully slicked back, and he exudes the feeling of a financial elite.
Especially the white suit he is wearing today is really eye-catching.
"Is there any news from Uber?"
...
"Yes, I took the team there two weeks ago for discussion, and also talked to most of the shareholders."
"A total of eight shareholders are willing to transfer their shares."
"But some of them offered high prices. I have only accepted the five with the lowest prices so far."
"A total of 3.16%, a total of 14.1 billion euros, equivalent to shares acquired at a market value of 446 billion euros."
"It will be about three points lower than the current stock market price."
Uber's stock market performance has been poor, and its share price has been temporarily stable since the sharp drop some time ago.
But a new round of financial reports is about to be released, and given Uber’s current operating model, almost no one is optimistic about the financial report data.
A decline is only a matter of time, which is why shareholders are interested in transferring.
"Have you discussed the cooperation with Whale and the idea of Whale Technology directly investing in the company?"
...
"Boss Jiang, we have already discussed it. We only discussed cooperation after the acquisition was completed."
"The other party hopes to cooperate with us Whale and is willing to issue additional shares separately, giving us the opportunity to buy shares at a low price."
He Wenhao is indeed outstanding in external acquisitions and cooperation, which is also in line with Jiang Hao's wishes.
In such a short period of time, he had basically completed the tasks he had assigned him.
"What specific requirements does the other party have, and what price are they willing to offer?"
...
“As you mentioned, Mr. Jiang, they are very interested in Whale’s backend being connected to Uber.”
“I hope there will be a dedicated function module that allows Whale users to use Uber directly.”
“The other is about Uber’s promotional work in Whale.”
"The other party hopes to reach a long-term contract with us, tentatively set at six years, and hopes that during this period, Whale will intensively promote Uber and not promote other similar companies."
These are all old-fashioned requirements. Of course, the Haijing platform is highly commercialized in China, with various offline group-buying business activities and so on.
The Whale platform does not have so many rich activities overseas.
It is more of a social software for entertainment videos, making friends and chatting.
If Whale and Uber can cooperate, it will be one of the largest cooperative business activities in the past one or two years.
"Six years is too long."
"What price is the other party willing to give? How many shares are they willing to give up?"
Jiang Hao suppressed his inner doubts and decided to first listen to the price the other party was willing to offer.
"We haven't reached an agreement yet. The other party hopes to accept financing of up to 440% of the shares at a price of 10 billion euros."
...
"Are they still asleep?"
Upon hearing this, Jiang Hao was speechless.
Uber’s current market value is 470 billion US dollars, and the price difference is estimated at 10%.
The dedicated channels of the Whale platform, including the six-year publicity expenses they want, are equivalent to a value of only 3 million US dollars?
"Boss Jiang, actually we could still negotiate. The other party is willing to negotiate from 400 billion euros down."
"But... later, there were a lot of objections from both shareholders and management."
"After I changed my mind and asked to renegotiate, the price...is no longer negotiable."
"So I took the team back to China and planned to wait until the next quarter's financial report came out to see the other party's reaction."
...
"Maybe you bought the shares first, and then took the initiative to approach them for investment, which gave them a false impression."
"It's okay. There's no rush."
Now that he has acquired three points of shares, Jiang Hao’s initial layout is sufficient.
Whether to promote the acquisition strategy in the future depends on the future development of Haijing and the business scale of Haijing Travel.
"When the next quarter's financial report comes out, if the other party's stock price continues to fall and they come back to you, there's no need to rush to close the deal."
"We can continue to suppress it, and all developments will be based on the future strategy of Haijing Travel."
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