Reinventing the Millennium.

Chapter 1045 Your Love I Will (7k)

June 6, Beijing, evening.

Hou Jun, chairman of AutoNavi, is sitting in his office, and he can see the Huoshaoyun in the sky when he looks up.

He is in a good mood recently. In January this year, AutoNavi signed a contract with the World Expo to become the exclusive navigation map sponsor next year. In April, he began preparations for going public in the United States. And this month...the richest man in the mainland is even more optimistic.

Although I declined the investment from the richest man in the mainland, doesn't the person who is willing to invest in AutoNavi prove that the company is on the right path?

Hou Jun was born in Peking University. He has tried tourism, high-tech, property investment, finance and other fields. AutoNavi was established with old friends in 02. It has been 7 years since then, and it is finally time to start the most critical year of listing. .

For a listed company, these four words seem to be inlaid with gold, and many entrepreneurs have tossed and turned for it.

Although Hou Jun declined Yike's investment due to a combination of multiple factors, he also felt a little... a little sense of accomplishment because he rejected the richest man. However, he still believed in the vision of the richest man. After all, he had also worked in an investment company long hours of work.

Buzz, buzz.

The phone on the table vibrated.

Hou Jun took it over and saw that it was Chen Liwu, the head of Walden International and an investor of AutoNavi.

He pondered for about ten seconds before answering the phone: "Hey, Mr. Chen, good afternoon, I pressed the phone several times before turning it on."

"Mr. Hou, good afternoon, what phone are you using?" Chen Liwu smiled brightly.

"Nokia." Hou Jun replied.

"You use Nokia, it's no wonder you have to be sensitive. We all use Yike mobile phones now, which are very easy to use, and they are silky smooth in terms of its advertising slogan." Chen Liwu said so.

Hou Jun laughed twice, and suddenly made a vague guess about the situation. Mr. Chen, who usually doesn't communicate much, came up and mentioned Yike's mobile phone...

He said: "Then I will try Yike mobile phone in two days, mainly because I am used to it."

"Eco is now a big brand, reliable in quality, safe to use, and very popular in China. In my opinion, Eco and this Android system will have great development in China." Chen Liwu laughed.

Hou Jun directly picked a floor: "Mr. Chen, are you here to tell me about Yike?"

Hearing this, Chen Liwu also showed the purpose of the call: "Mr. Hou, I heard that Yike wants to invest in AutoNavi? Are you talking about it or rejecting it?"

Hou Jun was silent for two seconds, and replied: "There is such a thing, but, Mr. Chen, you also know that the company is already preparing to go public in the United States, and there is no strong demand for funds for the time being. It can go directly to an IPO. Therefore, after the management discusses Still decided to continue listing.”

"Oh, it's a pity, it's a pity." Chen Liwu said regretfully, "I thought you were talking about it. Yi Ke is a domestic giant, and Mr. Fang is a business leader. I have some friendship with him. In China Xin has also dealt with it, thinking that if AutoNavi raises funds this time, I will also participate and listen to see if I can help us get better prices and cooperation resources, which is a pity, a pity."

Hou Jun thought for a while and said cautiously: "The management actually chatted with Yike, and their Android system will not reject AutoNavi's software."

"If you refuse, you will definitely not refuse." Chen Liwu is still very regretful, "Yike itself is a shareholder of Android, and it promotes their own ecology in China. This time, if they want to invest in AutoNavi, they must imitate Google. To load the map business, if Gaode If Germany can increase cooperation, the transformation will be much easier, and I am worried now, will Yike, which is eager to build an ecology, turn around and find NavInfo?"

Hou Jun remained silent.

NavInfo is the leader in the industry today, and it is indeed superior in strength. It is said that it is also preparing to go public. It is a direct competitor with AutoNavi.

After a while, Hou Jun still replied: "Mr. Chen, let's talk about this matter. I believe that cooperation will benefit both. NavInfo may not also want to transfer to the personal client. As long as we do a good job in the map business, we will still be able to cooperate with Yiye after listing." Technology and this type of mobile phone hardware manufacturers have good cooperation."

Chen Liwu did not refute, but replaced the silent attitude with a few seconds of silence.

"Mr. Hou, I believe that you will be able to lead the company to be better, and I also believe that AutoNavi will be better. IPO is also a new journey."

He finally ended the call with a blessing.

Hou Jun put down the Nokia and thought about Chen Liwu's contact for a while.

Walden International entered the country very early. It was invited by the higher authorities to introduce the concept of venture capital in the 90s. Those who engage in investment are more or less inspired by institutions such as Walden International and IDG.

Chen Liwu has invested in many semiconductor companies, perhaps this is why he was so excited after hearing the news about Yike.

Hou Jun thought about the content on the phone. AutoNavi really wanted to be an individual customer. This was considered when iPhones, Mars and other mobile phones gradually built-in GPS modules. The mobile Internet is bound to usher in great development.

At the same time, the disadvantage of the competition between AutoNavi and NavInfo is also a factor in the transformation.

However, he still insists that the listing of AutoNavi will not delay the transformation. On the contrary, the successful listing of AutoNavi will have a greater voice in the future.

Hou Jun thought quietly for a while, and the Nokia phone suddenly vibrated again.

He was slightly taken aback, and on the screen was Zhou Wei (wěi), the managing partner of another institutional shareholder of the company.

Two calls in a row, two shareholders in a row.

Before Hou Jun connected, he couldn't help but put the key on Yi Ke.

Did you also hear about Yike’s investment?Did the news spread on a large scale today?

or……

Hou Jun pressed the phone.

Compared to the old man Chen Liwu, Zhou Wei is just... that's it.

After a few simple greetings, Hou Jun heard the intention of the other party's visit as expected.

"Mr. Hou, I heard that Yike is going to invest in Gaode?"

Hou Jun is sure that this sentence is very familiar. Mr. Chen should have said the same thing just now. It is indeed "we" Gao De, but today you don't seem to be standing on the standpoint of "us".

He couldn't help laughing and said: "Mr. Zhou, there is such a thing. The company has already rejected it because it is preparing to go public in the United States."

Zhou Wei let out an "ah" before saying: "Mr. Hou, did you refuse so quickly? I just heard the news. Should we reconsider? This is Yi Ke."

"It's like this..." Hou Jun patiently recounted what he had just talked with Mr. Chen.

Zhou Wei also patiently listened to Chairman Gao De's reasons.

He agreed: "Well, it also makes sense. Investment is something you like and I want. The company's listing is not bad, but if it is listed next year, it will actually take a long time. If we can develop more smartphones this year The market, our share price market value next year should be better, right?"

Hou Jun took a sip of tea with no expression on his face, and replied: "Our market development this year is already underway, I believe there will be good results, and it will also allow the secondary market to see the future prospects. Both the management and I agree with this. Have confidence."

He continued to say flatly: "Of course, it's mainly the confidence of the management. Mr. Zhou, as you know, the specific business decisions are made by Mr. Cheng and the others based on the facts. They are all very familiar with the current situation." confidence."

Hou Jun is the chairman of AutoNavi, but Cheng Congwu, the president of AutoNavi, is now in charge of the main affairs.

Zhou Wei heard some emotions. He didn't communicate much with AutoNavi in ​​the past. After all, he couldn't force him to persuade him. He could only talk about the future after listing and then ended the call.

Hou Jun frowned when he put down his phone this time.

Did these two hear the news or were Yi Ke instigated?
He has experience in the investment field, and naturally has many friends in the industry, but he knows that Mr. Fang has a deep network in this industry.

Before Hou Jun could figure out what it was like, the third call came in.

It was Wan Debo, the president of MSD, the company's largest institutional shareholder.

MSD currently holds 12% of AutoNavi's shares, which is quite a large proportion.

Hou Jun calmed down, then connected the phone, and asked with a smile: "Mr. Wan, hey, Mr. Wan, it's not the wind from Yi Ke that brought you here, right?"

"Oh? Other shareholders also received the news today? Mr. Hou, indeed, there are rumors in the industry that Yike Investment was rejected by AutoNavi and is seeking cooperation with NavInfo." Wan Debo complained loudly, " Mr. Hou, although our MSD is a financial investment, why didn't you say hello to such a big event?"

The founders and management of AutoNavi hold 64.1% of the shares, and they are extremely united internally. This kind of matter has always been resolved with one word.

Hou Jun listened to this, hesitantly expressed his apology: "Mr. Wan, I didn't expect everyone's reaction to be so big. The contact between us and Yi Ke is not very deep. They ask, we chat, The management thinks that this is not a good time for cooperation, and they want to discuss it after the listing, yes, Mr. Wan, we didn’t think it through, and we still need to talk to you.”

There is no risk from the perspective of equity, and out of market business considerations, the matter of declining Yike's investment is limited to the management, but it is obviously spread now.

Wan Debo didn't get entangled in this, and asked: "Mr. Hou, don't delay, don't delay, I think the people from NavInfo seem to have already talked with Yike. The two businesses overlap so much. Have the resources been pushed to the opposite side?"

"They're already talking? I haven't heard the news." Hou Jun said suspiciously.

"Now it's not about receiving rumors, but we have to respond. I think it's better to bring Yi Kela back to talk about it now." Seeing that there was no voice on the other side, Wan Debo eased his tone, "It's hard to make things happen, but bad things are very difficult. It's easy, once Yi Ke has a good deal with NavInfo, they will make trouble... It's not like you haven't heard of Mr. Fang."

Hou Jun paid attention, Mr. Fang is indeed full of good and bad, and there are many things circulating in the world.

but……

The main business of AutoNavi and NavInfo is still in car navigation, which accounts for [-]% to [-]% of the revenue of the two companies. Many car manufacturers are involved, and the relationship is relatively stable.

Hou Jun didn't panic because of a few words. This is indeed a new angle, but there are only a few domestic graphic dealers, and the business can't be moved casually.

He asked bluntly, "Is this Mr. Fang's intention or..."

"Oh, Mr. Hou, Brother Hou, who do you think I am?" Wan Debo said dissatisfied, "Isn't this what we are talking about in private? I am also a shareholder of Gaode. If Gaode is good, I will be fine." , isn’t this also thinking about the company’s future development?”

Hou Jun felt his temples throbbing faintly, and there seemed to be two others like Brother Wan in private.

The communication with Wan Debo, the number one shareholder of the institution, has been a little bit, and things have become a little paradoxical.

Hou Jun put down the phone this time and stared at the Nokia for a long time, he was relieved that no new calls came in.

He lit a cigarette, looked at the darkened sky outside the window, and thought carefully about what happened suddenly.

Did Yi Ke or Fang Zhuo not give up on Gothe?

The cooperation between the two parties does not need to be bound in the form of equity, and the market for individual users still needs to be verified. Why is Yike so anxious?
Or is it that the person surnamed Fang is really the legendary character who must retaliate?

A cigarette had just been smoked, and a fourth Nokia phone appeared.

When Hou Jun saw the number, it was no surprise that it was an investor, and an important investor, Sequoia Shen Nanpeng who served as a director in the company.

He sneered unconsciously, then connected the phone, and said kindly: "What's the wind today, even Mr. Shen called me, isn't it because of Yike's investment?"

"It seems that everyone knows, Mr. Hou, what do you think?" Shen Nanpeng asked calmly.

Hou Jun was startled: "What do I think?"

"Don't you know?" Shen Nanpeng was surprised, "Mr. Fang said that the C-end map navigation business will usher in an explosion, and this direction will be an obvious change brought about by the development of the mobile Internet."

He wondered again: "Then why are other people calling you? As for what was circulated in the afternoon, Mr. Xiong from IDG and Mr. Wang from Shenxin Kechuang had a quarrel on Zhihu. In this round of upgrades, Mr. Xiong believes that the business explosion does not mean the profit explosion, so we still have to be cautious.”

Hou Jun turned on the computer silently, and soon found Zhihu. He really saw the quarrel between the well-known investors Xiong Xiaoge and Wang Fengyi. In addition to their differences of views, there was also a dispute about their investment level.

Hou Jun glanced at it for a while, and gave Xiong Xiaoge a thumbs-up. Leaving aside the content, can Wang Fengyi's investment compare with Mr. Xiong's?Wang Feng is nothing more than a dog.

"Mr. Hou, that's why I called to ask for your opinion." Shen Nanpeng said seriously, "I think this is an interesting debate, but you are a professional, and I want to hear what professionals think."

Hou Jun's mood eased, and he pondered for a moment: "What Mr. Xiong said is also a difficult problem we are thinking about. How to complete the commercialization of the development of individual users is a pain point that must be solved. We have also discussed it many times internally."

The top five customers of AutoNavi contributed 66.9% of the annual revenue last year, and it was as high as 81.5% the year before.

Whether and how to transform is a question that companies with such a revenue structure must carefully consider.

From the manufacturer's B-end to the personal C-end, rashly exploring may be a new continent, or it may be an abyss.

"What's interesting is that the words spread by Mr. Fang have also aroused discussions between Baidu and Penguin employees. I think Baidu is also very optimistic about this direction." Shen Nanpeng said, "Baidu is very obvious, it has always been in the map business , after all, there is a model of Google abroad.”

He said leisurely: "Besides, Baidu is already a giant with a market value of more than 100 billion US dollars. If it wants to exert its strength...the competition pressure on the C-end will be huge. It can't do it in the traditional field. The new direction is the same starting line. "

Hou Jun held the mobile phone in his left hand and swiped the mouse with his right hand, and he also saw the voice certified as a Baidu employee.

He himself often reads Zhihu, but this time he saw such an industry-related relationship, which was somewhat novel and bewildered.

In fact, in today's car pre-installation market, AutoNavi accounts for about 48%, NavInfo about 46%, and after-installation PND navigation map market, AutoNavi accounts for 3%, NavInfo 2%, and Kay Rucker 2%. In the map calling market, AutoNavi is close to 5% and NavInfo is 4%.

Map manufacturers need qualifications, and there are few players in the first place. When it comes to specific market statistics, Baidu's is all attributed to "others".

Baidu wants to make efforts?How to exert force?

Hou Jun was at a loss about this point.

But he also clearly knows what the market value of more than 100 billion US dollars means, not to mention that Baidu is still growing rapidly and is expected to exceed 200 billion US dollars this year.

These two cognitions of professionalism and capital are mixed together, and there is a kind of danger and vigilance when camping in the wild and hearing rustling around late at night.

Hou Jun asked aloud: "Mr. Shen, what do you think?"

"In terms of professionalism, I am not as good as Mr. Hou. In terms of investment, I am not as good as Mr. Xiong. In terms of vision, I am not as good as Mr. Fang. What can I think? I am very confused." Shen Nanpeng admitted his shortcomings, and said, "Today I just wanted to clear up my doubts during this call, but just before I called you, I also called Mr. Fang and asked him his opinion on this difficult problem. "

Hou Jun waited for a few seconds, and couldn't help asking: "What did Mr. Fang say?"

"Boss Fang is quite honest. He said he didn't think of a good way." Shen Nanpeng replied.

Hou Jun was a little disappointed. Although he was the richest man, he was indeed not an insider.

Shen Nanpeng took a sip of tea and continued: "However, he said that the potential and scale of the C-side is far greater than that of the B-side. If the scale of the C-side is increased first, the company's market value will definitely skyrocket, so let's give the money that can be earned first." Earn it, and think about other things after earning it.”

Hou Jun's heart skipped a beat, he is indeed the head of a mobile finance company.

The thoughts in his mind turned, and he asked: "Mr. Shen, have you talked with Mr. Fang about Yike's investment in AutoNavi? His words seem to be not conducive to Yike's investment in AutoNavi. Do you want us to go public first?"

Shen Nanpeng said in surprise: "Isn't this scandalous? Mr. Fang is looking for someone to talk to NavInfo, oh, I think it's okay if there is no cooperation this time, and it's okay to go public first. The important thing is For the next development, if it transforms, it will be difficult to continue with AutoNavi alone.”

Hou Jun was silent.

"I think the Internet and mobile Internet, Baidu in Beijing, Ali in Lin'an, Penguin in Pengcheng, and Yike in Shencheng are all difficult to get along with." Shen Nanpeng sighed, "Baidu has a map business, and Penguin also has a map business. Yike wants to enter this field again, from this point of view, Ali may not be far away, and AutoNavi wants to be a C-end, I am afraid it still needs a backer for cooperation."

Baidu is located in Beijing, occupying the search entrance.

Ali is located in Lin'an, and its e-commerce platform is the same.

Penguin is located in Pengcheng, and its traffic is rare.

Yi Ke dominates Shencheng, beheading all the invading enemies.

Shen Nanpeng said sincerely: "These four giants have become the climate, and the power of any one to stir up the situation should not be underestimated. What's more, they may all enter the field of map dealers. Mr. Hou, which one is AutoNavi confident in? "

Hou Jun didn't speak.

"If these families start to fight, Mr. Hou, we Gaode should make plans early." Shen Nanpeng said that and didn't go any further.

When Hou Jun hung up the phone this time, he felt a little more worried.

He drank two sips of tea. Although Mr. Shen kept saying that he wanted to "dispel doubts" and "seek solutions", there might still be prying from Yi Ke. Although he did not have the name of a lobbyist, he was actually a lobbyist.

The question is, is he right?
Hou Jun closed his eyes and thought about it. One part is Gao De's future development, and the other part is Yi Ke's painstaking efforts in this action.

It was dinner time, but he wasn't even half hungry.

bell bell bell.

The sound of the landline in the office is a bit harsh.

Hou Jun reached out and picked up the phone: "Hello?"

"Hello, Mr. Hou, I, Yu Minhong." Yu Minhong, the head of New Oriental, said with a smile, "Why can't I call your phone?"

Hou Jun pressed the phone twice, but the battery was dead, no wonder no new calls came in, no wonder it was the landline that rang this time.

He frowned, looked at the logo on the phone, and replied, "Nokia is out of battery and needs to be charged."

"You are using a Nokia, try another Yike mobile phone, it is very easy to use." Yu Minhong said casually.

Hou Jun really felt a chill down his spine this time, and even his Peking University alumni were mobilizing with the surname Fang?

He said coldly, "Are you also a lobbyist for Yi Ke?"

Yu Minhong just felt baffled: "What lobbyist? No, I'm looking for you for dinner. We're going to hold an alumni association this year, have you forgotten?"

"Being a lobbyist again at the dinner table?" Hou Jun asked again.

"Where do you want to go? It's not what you think." Yu Minhong didn't know whether to laugh or cry, he didn't know where to go, he was looking for friends for dinner, and then he discussed the Peking University alumni association.

Hou Jun vaguely felt that these words were a bit familiar, as if he had heard them before today.

All of them, who are either shareholders or friends, are all instigated by Yi Ke and Fang... It's shocking, shocking!
"Dinner, right? I'm too busy, so I won't go." Hou Jun didn't want to beat around the bush.

Yu Minhong said a few more words, then hung up the phone helplessly, I'm really not a lobbyist...

After Hou Jun charged up the Nokia, he already felt that Fang had a wide range of friends, and also felt Yike's determination to enter the map business.

At this time, he remembered what Shen Nanpeng said, the four giants, why not?
And, through Shen Nanpeng's report, the person surnamed Fang made the money he could make first.

Hou Jun was immersed in his thoughts for a long time, got up and walked to the window to watch the night in the capital.

It seems to be a little windy at night.

Could it be that the sky is about to change?
Hou Jun looked into the distance, never expecting that YBAT, which he had seen in the news before, seemed to be killed in front of the door in an instant.

Maybe, not so much, right?It's not as serious as these people say, is it?
Such thoughts came to his mind.

dong dong dong.

There was a knock on the door of the chairman's office.

"Come in."

Hou Jun made a sound.

As soon as the visitor enters the door, he turns on the light first: "Old Hou, why don't you even turn on the light? I thought you were leaving."

"No, I'm thinking about something." Hou Jun saw that it was Cheng Congwu, the president of AutoNavi.

He and Cheng Congwu are old colleagues and old friends. They are the same age, and they are both 44 now. They worked together in Huaxia Technology International Credit Investment before, and later co-founded Huaxia Datong Industry, which is the predecessor of AutoNavi.

From investment to entrepreneurship to now on the road to listing, he is also an old comrade-in-arms.

Hou Jun holds 23.4% of the company's shares, and Cheng Congwu holds 13.5%.

Over the years, Hou Jun has gradually retreated behind the scenes, and Cheng Congwu is responsible for the main work of AutoNavi. Such a large shareholder with decentralization + trusted management has brought AutoNavi to the forefront of the industry.

Hou Jun and Cheng Congwu had nothing bad to say, they rejected Yike's investment after discussion before.

He recounted everything he had experienced from the evening to the present, and he was filled with righteous indignation, and his face was a little ugly.

Hou Jun became more and more frightened and annoyed when he spoke, and finally reprimanded: "Gao De refused, so he refused. The surname Fang invited so many people, does he still want to grab it by force? He thought it was Sina!"

The Sina incident lasted forever.

Especially in Beijing.

The bigger the industry and fame of the richest man in the mainland, the more his past events are talked about, some are gossip, some are personal experiences, and those like Sina, which are broadcast live by various media, can't hide it.

Hou Jun was startled and angry, his mouth was dry.

He picked up the teacup, and suddenly realized that he had been talking all the time, and the old comrade-in-arms hadn't moved or expressed his position.

Hou Jun's heart moved, and he looked at Cheng Congwu.

The two have known each other for 20 years, and just looking at their eyes is worth a thousand words.

Hou Jun stood up straight, pointed at President Gao De in disbelief, and said in surprise: "Old Cheng, you..."

"Cough." Cheng Congwu waved his hand, "Old Hou, where are you thinking, it's not what you think, sit down."

Hou Jun doesn't know what he thinks any more, how come others know what he thinks.

"Well, I've thought about it for a while, and to be honest, Mr. Fang's investment is not without benefits." Cheng Congwu didn't make a fool of himself, "I just asked someone to verify that NavInfo has indeed contacted Yike there. , tell me, what's going on here?"

Hou Jun sat down again, silently looking at his old comrade-in-arms, why did you go to verify NavInfo at this time?Who did you call?

"Let's be honest, Gaode has a small family and Yike's family has a big business. Is what Shen Nanpeng said unreasonable?" Cheng Congwu frowned and said, "We can't be superior. Things are in front of us. There have been changes. Let's Let's see what's best for you."

Hou Jun gritted his teeth and asked, "Old Cheng, let me ask you, have you voted for Yike?"

"How is it possible!" Cheng Congwu categorically denied, "I am the president, AutoNavi has paid less? Now I am afraid that I will encounter changes in the industry, and I am afraid that taking a wrong step will make my efforts go to waste! Last time I refused, I don't know. Are you determined? Investing is just saying what you like and I will, and if we don't want to, he Fang Zhuo can't even think about it!"

Hou Jun looked at the resolute Cheng Congwu, which shareholder used your love and my wish?

Cheng Congwu looked at Hou Jun firmly, "If we don't want to, he will never succeed!"
After a while, Hou Jun said, "You mean, let's discuss it again?"

Cheng Congwu nodded slowly: "It's worth discussing."

Hou Jun stared at his old comrade-in-arms: "What if I still don't agree with Yike's investment?"

Cheng Congwu immediately said: "Then let's go public!"

He took a breath and said again: "But we must also beware of Yike's mischief in the secondary market. It's not like we haven't read the news in the past two months."

Hou Jun swallowed, Fang thief is powerful, Fang thief is powerful.

He said slowly: "It's okay to talk about it. It's cooperation, not attachment. It's independent development, not becoming a puppet."

"That's for sure." Cheng Congwu nodded, "This matter is about what you like and what I want, and no one can force us."

Hou Jun got up: "Let's go, let's eat first."

Cheng Congwu also got up: "Shall we start talking with Yi Ke after dinner?"

Hou Jun looked back at the president of the company.

Cheng Congwu said: "I mean, say hello first, lest NavInfo really agree with the speed of light."

Hou Jun picked up the charging Nokia and walked a few steps: "OK."

Cheng Congwu walked beside him in relief, and heard from Shen Nanpeng that Fang was always willing to visit the capital in person. That being the case, AutoNavi can go public, or we can talk about it again. No matter what, the company can choose. This is your love. Please, don't force it.

(End of this chapter)