Sprinkle coins every day

"Tell me about the specific situation."

In the office, Zhang Shuo smiled and asked Lu Kai to sit down on the sofa.

"China Microelectronics' B round of financing, with a valuation of 2500 billion yuan, plans to sell 18% of the equity, and a one-time financing of 450 billion yuan, which can be called the largest financing in China in recent years."

This matter has already spread in the circle, because Huaxia Microelectronics' appetite is too great.

In February last year, Huaxia Microelectronics raised its valuation to an astonishing 200 billion in its Series A round of financing. On the surface, raising the valuation to 50 billion in its B round of financing seems reasonable.

But that's not how it works out.

At the time of the A round of financing, the valuation of Huaxia Microelectronics was obviously too high, which also discouraged many investors at the time. Except for Bud, the rest of the financing was basically the national team.

It's kind of like a blood transfusion.

In the past two years, Huaxia Microelectronics has not produced any outstanding results, even the 40nm lithography machine has failed to make a breakthrough, and its subsidiary Zhongxin has also performed mediocrely in the field of wafer foundry.

It has even been left far behind by the latecomer Weijing Semiconductor.

Under such circumstances, Huaxia Microelectronics even dared to quote a valuation of 50 billion, which was the same as the valuation of Inaosuke Group not long ago.

It's really hard to convince investors.

No one would think that Huaxia Microelectronics could compete with Dao Sui Group.

"Chairman, the valuation of Huaxia Microelectronics is a bit inflated. I suggest that a symbolic subscription of [-]% of the shares should be regarded as an explanation to Huaxia Microelectronics." Lu Kai is also blunt.

During the A round of financing, Sprout subscribed for a 1% stake in Huaxia Microelectronics.

Later, this part of the equity was transferred to the name of Dao Sui Group.

Talk is better than nothing!
Especially after the B round of financing, this part of the equity will be diluted to 0.82%.

It's even more insignificant.

"No!"

Zhang Shuo shook his head firmly, "For this round of financing of Huaxia Microelectronics, we must actively participate in it, and even strive for as much investment share as possible."

Lu Kai didn't know, but Zhang Shuo knew what was going on.

After mastering the full set of EUV lithography technology, Huaxia Microelectronics is definitely worthy of a valuation of 50 billion. It is not certain who will take advantage of who.

Of course.

Because the technology itself flows out from Zhang Shuo, he can take advantage of it with peace of mind.

"Uh, chairman, have you received some, um, news that the outside world doesn't know?" Lu Kai didn't think that his big boss would be confused about this kind of thing.

"You should be."

Zhang Shuo neither admitted nor denied it.

"Well, I'll be very connected with Huaxia Microelectronics." Lu Kai no longer had any doubts, he knew too well how powerful his big boss was.

Well connected.

Regardless of the distance, just take this contest with Gaotong, and you can get a glimpse of the tip of the iceberg.

.........

As soon as Lu Kai left, Lu Qi, the rotating president, walked in.

"Chairman, this year's job report for the person in charge of the subsidiary company is scheduled for the 27th of this month. Do you think it's okay?"

This matter is naturally handled by the rotating president Lu Qi.

"can."

Zhang Shuo had no objection, but thought of another matter, and said with a smile: "Speaking of subsidiaries, I have an idea, please give it to the staff."

"Chairman, please speak."

"Look, recently, the group has added two new subsidiaries, Nebula Technology and Magic Sound Technology, and the number of subsidiaries has reached thirteen. That's all, not including the budding real estate that was reorganized into a department."

With more direct subsidiaries, management becomes more and more difficult.

If Germination Group is a group company focusing on a certain industry, it would be fine if there are more subsidiaries, and many of them can be consolidated and managed.

The problem is that the subsidiaries of Sprout have a wide range of industries.

Invisibly increased the management difficulty of the group headquarters.

This is also why, after the full completion of the Germination Industrial Park, Zhang Shuo immediately adopted Jiang Yue's suggestion, banned Germination Real Estate, and reorganized it into the property management department of the group headquarters.

It is also consciously controlling the size of the first-level subsidiaries.

But that's clearly not enough.

"My idea is, can we integrate Qinghe Technology, Jade Bird Interactive Entertainment, Qingyun Data, which is relatively single in business, and the incubating Magic Sound Technology into one group subsidiary."

"what do you think?"

Qinghe Technology's social and platform business, Jade Bird Interactive Entertainment's interactive entertainment business, Qingyun Data's cloud computing business, and Moyin Technology's short video business.

Integrated with each other, it is almost the Tengda of the peak period of the original time and space.

In addition to not getting involved in the field of entertainment.
It is even said that due to the existence of magic sound technology, the newly integrated group subsidiary is expected to become a combination of Tenda + character jumping, which is even more awesome than Tenda.

In addition, Pin Xixi, who is against Ahri, and Qingcheng Group, which is against the original space-time mold group.

It's no wonder that the uncle, the second master and others are worried that the budding group will dominate the Huaxia Internet.

Really Dior! ! !

"I agree with the integration idea proposed by you, chairman."

Regarding this issue, as an executive in charge of the group's Internet business, Lu Qi has of course considered it, but it involves the interests of too many people and too many departments.

It is not something Lu Qi can shake by himself.

Only when Zhang Shuo, the big boss, took the initiative to propose, Lu Qi took advantage of the opportunity to express his views.

"From the perspective of the size of the company, whether it is Qingyun Data, Jade Bird Interactive Entertainment, or even Qinghe Technology, there is no way to compare with Maili Group, Inao Group, or even Mango Group."

This is also why, although Qinghe Technology and Jade Bird Interactive Entertainment are already subsidiaries of the group, they have not changed their names, and the word "group" is added because it is almost meaningless in terms of scale.

It seems not convincing enough.

The reason for upgrading to a group subsidiary is mainly to appease the management of these two companies and give them the salary they deserve.

More symbolic than practical.

Even if it is said that Jade Bird Interactive Entertainment is a hematopoietic machine comparable to Maili Group, it cannot conceal the singleness of Jade Bird Interactive Entertainment's business and the upper limit of scale.

In the past year, the scale of Jade Bird Interactive Entertainment has basically maintained the status quo.

Can you take a look at the Maili Group?
First, the Tablet Division was established, followed by the Laptop Division.

And it's still going crazy.

Not to mention the Inaosui Group, which is also a manufacturing industry. Through "radical" investment and mergers, it owns a large number of powerful subsidiaries such as Changjiang Storage, Candle Dragon Technology, Weijing Semiconductor, and Jingjiawei.

Only the Weijing Semiconductor family is comparable in size to Jade Bird Interactive Entertainment.

How does this compare?
Along with the launch of Mango M1, the Mango Group, which is also in the manufacturing industry, has been expanding wildly in the past six months and is building a complete set of supporting industrial systems.

Of course, the expansion of the three major groups itself is also related to the characteristics of the manufacturing industry.

But even against Qingcheng Group and Pinxixi Group, which are both Internet companies, Jade Bird Interactive Entertainment and Qingyun Data seem a bit dwarfed.

Especially the "junior" fighting Xixi Group.

The scale of its Qingfeng Logistics alone has surpassed that of Qingyun Data.

This is why.

Zhang Shuo proposed to integrate Internet subsidiaries, but did not include Pinxixi Group and Qingcheng Group.

The two are already in charge, and there is still a lot of room for growth in the future.

"From a business point of view, Qingyun Data, Jade Bird Interactive Entertainment, etc. not only have a single business, but more importantly, Internet businesses such as cloud computing, social networking and platforms, games, and short videos are very closely related to each other."

"Therefore, relatively speaking, the difficulty of integration is also minimal."

"Okay!" Zhang Shuo nodded with a smile, "Since you agree with my idea, then you will take the lead to come up with a practical integration plan as soon as possible. Then, when the time is right, bring it to the board of directors for discussion."

Although the budding board of directors is Zhang Shuo's speech, the process that should be followed still needs to be followed.

After all, it's such a big deal.

If it is done, it will leave an important mark in the development history of the Germination Group.

"it is good!"

Lu Qi is naturally obliged, but she also feels the pressure.

As I said just now, the biggest difficulty in completing the integration of Qingyun Data, Qinghe Technology, Jade Bird Interactive Entertainment and Moyin Technology is that it will touch the interests of many people.

It's like Tenda's previous business group reform.

Most directly, before the merger, Jade Bird Interactive Entertainment and Qinghe Technology were already subsidiaries of the group. As a result, the four companies were integrated, and the level was still a subsidiary of the group.

It is bound to need to adjust the ranks and benefits of many people.

Isn't this a hard job to offend people?
In addition to getting real and breaking the barriers of interests, how to integrate and what kind of organizational structure the new company will adopt after the integration is also a difficult point.

Since Zhang Shuo proposed it on his own initiative, it is impossible to simply merge physically.

That would lose the meaning of integration.

Although Zhang Shuo's initial starting point was to reduce the number of first-tier subsidiaries through integration, in essence, it is still necessary to achieve the optimization effect of one plus one greater than two through integration.

Instead of inciting internal friction.

If so, it would be considered a total failure.

and so.

This is by no means an easy task.

Even so, Lu Qi still readily agreed, because he is a person who wants to do things, especially want to make some real achievements in the bud.

But often things backfire.

Calculating the time, it has been a year and a half since Lu Qi joined the Sprout Group. His biggest achievement is actually the preparation of the search laboratory, but his work as the most important rotating president is not warm.

And now.

It is undoubtedly a good opportunity to do things.

If he can lead this big merger and get the approval of the group, then Lu Qi will truly establish his prestige and gain a firm foothold in the huge system of Germination.

.........

Monday, May 12.

Perhaps it is because the end of the new year is approaching. In the past week, the Chinese Internet has rarely been calm.

Even the menacing Arnold Group, which has announced the merger, did not make any big moves in a hurry, and is probably still busy with internal integration.

The plan is to wait until the spring of next year before challenging the Green Orange Group.

It is said that the integration of the Arnold Group was not smooth due to the fact that each of the three giants had its own problems, causing many people to leave their jobs, and they were not transferred to the headquarters of the three giants as the three giants wished, but to find another way out.

This is so embarrassing.

For another example, the founding team of Dacong Dianping, which originally stayed at Nomi Dianping, was completely marginalized in the merger with Ahri Dianping this time.

Either they are given false positions such as consultants or directors, or they are sent down.

These founding team members were so angry that they simply resigned collectively and planned to start a new business with the money instead of staying in the Arnold Group as a doormat.

This matter also caused a little disturbance on the Internet, which made the Big Three very embarrassed.

Very dull.

In addition to the dissatisfaction of the executive team, the employees at the bottom level also complained constantly, especially the former employees of Ahri Dianping, who were originally honorable members of the Ahri Group system.

This merger is basically equivalent to breaking away from Ahri's system, and it will not be popular in an instant.

Before they went home to celebrate the New Year, when people heard that you were an employee of Ahri, they would look up at you unconsciously, but now that you are an employee of the Arnold Group, the uncle and aunt are immediately confused——

"What does the Arnold Group do?"

I don't know, I thought it was fired by Ari.

In addition to the loss of face, there is also the loss of actual income, especially those employees who are expected to receive Ahri's equity incentives, so they quit immediately.

"I feel like I lost a hundred million!!"

This kind of thing didn’t just happen to Ari Dianping. Didn’t Mengya also encounter similar problems when they jointly established Xiyang Technology with Huawei?

Until now, there is still an undercurrent in Xiyang Technology.

Because of this, many people clamored to be transferred back to Ari, but although Ari promised to take over the "overflow" employees after the merger, how could he accept all of them?
Doesn't that mean emptying Ahri Dianping?
Not to mention whether Ahri's headquarters has such a large space to gather, Tengda and Qiandu will not agree.

If Ah Li comes up with the trick of "building plank roads in the open and keeping the warehouse in the dark", and then builds a local life platform internally, wouldn't it be a lot of fun?
This kind of thing, with Ari's temperament, is very easy to do.

The result is.

From top to bottom, the Arnold Group was so noisy that it was impossible to see it.

It can also be seen from this that the prospect of the merger of Ahli Dianping and Nomi Dianping is far from as good as the three giants predicted before, and it is bound to experience many disturbances in the future.

The road to integration is bound to be longer than they had expected.

According to the most optimistic prediction, it will take at least half a year to straighten out the internal relationship of the Arnold Group.As for truly forming a joint force and concentricity, it must be calculated on a yearly basis.

That's all, it may not be possible yet.

If after the merger, the Arnold Group has almost no decent competitors in the Chinese market like the merger of the former Time and Space's Meituan and Dacong Dianping, then it can slowly get used to it.

Anyway, they have already dominated the rivers and lakes, so there is no rush.

But the problem is-

Opposite the Arnold Group, there is also a more powerful Green Orange Group.

In the coming year, when Arnold Group is busy with internal integration, Green Orange Group will not stop and wait for Arnold Group, but will continue to move forward.

However, the next two to three years will be the best window period for the local life service track.

This is really going to kill me!

Therefore, time is not on the side of Arnold Group at all, and the current situation simply does not allow Arnold Group to complete the integration step by step.

If that's the case, the day lily will probably be cold by then.

As a result, Ari, Tengda, and Qiandu had to set up a coordination team each, and held meetings every three days to complete the internal integration in the shortest possible time.

"Even if it is to expel a group of people, I will not hesitate!" said the uncle.

This is for real.

One can imagine how chaotic the Arnold Group is now.

Especially as the new year is approaching, whether it is the former employees of Ahli Dianping or the former Nomi Dianping employees, especially the middle-level and above managers, it is estimated that there is no way to have a good year.

It's hard! ! !
The problem is that from the very beginning, fundamentally, each of the three giants has its own appeals, and each has its own small business. Therefore, even if a special coordination group is established, it may not really work.

It may even become more chaotic.

The most obvious change is that the Arnold Group has not yet been integrated, and the management team has begun to form gangs, stand in line with each other, push each other down, and divide into the Ari faction, Tenda faction, and Qiandu faction.
What's going on here?
And the chaos within the Arnold Group was inevitably transmitted to the platform side, resulting in various errors in the services of the two apps, Ari Dianping and Nomi Dianping.

It made consumers complain.

The current Arnold Group has a bit of a sense of "death before leaving school".

.........

Not to mention the bustle of the Arnold Group, with the sentencing of the Gaotong case, not only Gaotong has been very docile recently, but even overseas giants such as Pingguo and Samsung have kept a low profile.

Of course, it's not that I'm afraid, but I'm watching in secret.

Maybe there is some connection behind the scenes, and some conspiracy is brewing.

But in any case, the low profile of giants such as Pingguo has indeed given Maili Mobile a rare opportunity to develop overseas markets, and it has recently been crazily attacking cities.

The Maili mobile phone is finally in the Europa market, which has really opened up the situation.

After the regular meeting on Monday.

Lu Kai came to Zhang Shuo's office and reported the latest progress of Huaxia Microelectronics' B-round financing alone.

"Chairman, something's wrong. It's been several days. Apart from us, other investment institutions, including the national team, are not interested in Huaxia Microelectronics' investment in this round."

Lu Kai was worried whether the big boss's news was wrong.

"That's not right, we can take this opportunity to get more equity."

Zhang Shuo couldn't explain it to Lu Kai, and asked, "So far, which institutions have subscribed?"

"There are only two, one is Huatou and the other is Huaxia Semiconductor Industry Fund, but each has only subscribed for 3% of the equity, and there is still a big gap."

It's not to blame Lu Kai for being suspicious, this matter is indeed a bit abnormal.

"Some investment institutions, such as Scarlet Capital, even avoided China Microelectronics' financing this time, as if they were afraid of being entangled." Lu Kai added.

"Scarlet Capital, does it deserve it?"

Zhang Shuo shook his head amusedly. With Scarlet Capital's financial strength, he really couldn't afford the financing of 50 billion.

He basically guessed it too.

Perhaps because the EUV lithography machine technology is too sensitive, the official handling is also very cautious. Even internally, except for Huaxia Microelectronics, other organizations have not received the slightest word of mouth.

Like the second uncle.

No information was revealed during the phone conversation last weekend.

"Don't worry about what other investment institutions think. We invest in ours. Since there is still such a big gap, we can subscribe for 10% of Huaxia Microelectronics' equity in one go."

In this way, the Germination Group became one of the main shareholders of Huaxia Microelectronics in one fell swoop, and even had the opportunity to nominate a director in Huaxia Microelectronics.

It is no longer a role of soy sauce.

"10%?"

Lu Kai was even more surprised. According to his previous prediction, it was only 5% of the top.

This is 250 billion funds.

It is enough to set up several phases of semiconductor funds, and even acquire more than a dozen semiconductor companies.

"Only 10%."

Zhang Shuo was categorical.

"OK then!"

Lu Kai really didn't understand, where did the big boss get his confidence, but seeing the big boss's attitude was so firm, he couldn't listen to the persuasion at all, so he had no choice but to implement it.

It still hurts to think about it!