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Chapter 703 money is not as good as power

"Uber is eager to raise funds because after their model was successful in the United States, it began to be imitated by various places around the world. In Asia, the mainland is Didi, Kuaidi and hundreds of online ride-hailing companies, and Grab in Southeast Asia. In South Korea, Uber encountered strong resistance from the taxi driver group, resulting in tens of thousands of taxi drivers marching in Seoul..."

"A brand new model, but not deep enough technology, and it also challenges the traditional taxi business. So despite the large global market, there are only a few countries that can save Uber. Another thing is that Line is also testing the online car-hailing business in Japan and South Korea, which is very messy here."

Because it belongs to MicroTuo.

Wen Xiaoguang asked strangely: "Has Line's online car-hailing service not boycotted in South Korea?"

Wen Chunjing shrugged, "It was a country controlled by chaebols. Americans were arrogant, but Jin Fanxiu knew how to share the interests of chaebols. In fact, boycotting the uber movement is also one of the means of competition to use populist ones."

"We are not Korean capital," said Dr.

"It seems you haven't been to South Korea much." Wen Chunjing didn't know how to describe it. "A small country owns world-class companies, which is an incurable cancer, not to mention that they have several companies. The president of the United States is the spokesperson for capital, which is one. It's not in South Korea, but the president cannot save the Koreans."

This is politics, slightly off topic. Speaking of which, although the company is booming, it also has a sense of urgency.

Wen Xiaoguang understood, "Kalanick wants the mainland market."

"That's right."

"If Weituo does not cooperate with them, then Alipay, Baidu, and even Tengxon may be their options. They can no longer wait. In just half a year, from Singapore in Asia to Johannesburg in Africa to Mexico City in the Americas... this radical expansion cannot stop."

"Nevertheless, I will not support it in competing with Didi. Our opponents are becoming smarter and smarter, and if you are not careful, you will be labeled as supporting foreign capital against domestic capital."

Wen Xiaoguang knew the storm that Lenovo had encountered.

It seems like a small thing, but it is amazing to have national emotions, especially when our nationalist sentiment is rising.

Wen Chunjing said: "Everyone has interests, and my suggestion is...be prepared to quarrel with the two founders."

She said this humorously, but in fact everyone laughed when they heard it. It was the lowest cost way to resolve this kind of disagreement of interests. I couldn't find it.

"It's just money." Wen Xiaoguang crossed his hands behind his head and stretched his waist. "I am also an entrepreneur and also a company, so I understand that they are beginning to deliberately reduce our influence. It's not that we have made too much money and are sad. If we can't build a good company in this situation, they care about power."

Control the power of the company.

Because money is a number for these people.

It’s no wonder Wen Chunjing didn’t expect it, because she never looked at this issue from this perspective.

"Do you say that the shareholding ratio has changed from 30 to 40. The key point is the wealth represented by it?" Wen Xiaoguang smiled confidently and shook his head, "Absolutely not. It represents the right to speak in the company."

This is the key.

As for whether it is $4 billion or $6 billion, it is not completely meaningless, but compared to the right to speak, it is obviously ranked behind.

"So Xiaoguang, you mean..."

Wen Xiaoguang was at ease and said lightly, "You know that Tengxun's major shareholders are just making money. Although they have more than 30% of the shares, the voting rights have long been entrusted to the founder to exercise on their behalf."

Li Yidan immediately said: "That is an exception. The Tengsun team is very friendly to investors themselves, and the MIH Group also trusts them very much. But they cannot do this to the Americans."

"I know. The great man said that as long as Americans are unreasonable, they must be unreasonable. If they are reasonable, they will definitely be forced to do nothing. I will not entrust all the voting rights to them, and I will do half of the work."

Wen Xiaoguang stood up, "Sister Chunjing, you can try it with part of our voting rights. On the one hand, we tell them that we only want to make money, are not interested in business and control, and on the other hand, we leave half of the appetite to keep it."

Normal people will think that since the hole has been torn open, they will go further. If they have pulled their hands, are they still afraid that they will not be able to kiss them?

But Wen Chunjing would be a little hesitant, "We did not provide any resources. They really value control more?"

"I am also considered a major shareholder. Having part of my voting rights can bring them a lot of security benefits and even more radical financing. This is a resource, and money is just a resource, and it is a resource to rely on in the future."

Li Yidan roughly understood a little, and she explained: "Sister Wen, you just think so. If they love money very much, can they get a lot of wealth by selling the company? Why are they tired of doing this and still running a business?"

It is also used on Wen Xiaoguang. He doesn't care whether Kalanick will refuse. It's just a piece of money, but he can't make other mistakes because of this money.

Everyone is looking for a value-added investment asset. In addition to him, Uber's shareholders include Google, Saudi sovereign investment funds, SoftBank Vision Fund, etc.

It is not that capital is the smallest one. It is not easy to win this way until now, but it is more of a time advantage.

Kalanick's position must be balanced with each other and consider many things. As the CEO, Wen Xiaoguang can understand it better.

Saudi Arabia's sovereign fund is a considerable fund size, with a huge amount of US$300 billion, making it possible to see him everywhere in the world.

After making the plan, Wen Xiaoguang waited for a time. Soon after, Kalanick would host an investor meeting and explain the company's business model to the main investors, the reasons, uses of financing, and future imaginations, which are all things Wen Xiaoguang often does.

It was also here that Boss Wen met with the rich people from the Middle East.

Do you remember one of his purpose in the United States?

He is preparing for Weituo's Series C financing and selling his "dream", so he is both an investor and a person seeking investment.

Of course, these Middle Eastern tyrants are just rich, which does not mean that they are so awesome. Labor and capital are also awesome. The halo effect of wealth is effective for ordinary people, but not for Wen Xiaoguang.

So when we meet each other, we are having fun together, it is common to have both back and forth, as long as we can understand the language.
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