Reborn: Billionaire in College

When I woke up the next day, it was almost noon.

Mainly because I slept too late last night, I was also very busy twice.

What Chen Pingjiang didn't expect was that Ni Na's fighting ability was quite strong. She didn't feel any discomfort after tasting the forbidden fruit for the first time. Perhaps it was because she was a national second-level swimmer, her physical fitness was amazing, and her core strength was also quite strong.

Chen Pingjiang lifted the quilt, revealing a large area of ​​snow-white skin, which made Ni Na scream "Ah" and she quickly got up to take back the quilt.

"You think I don't know you're pretending to be asleep?"

"I...I wasn't pretending to be asleep. I was just afraid of waking you up."

"Does it hurt anymore?"

Nina shook her head: "I don't feel much."

The two of them started chatting casually: "Will your movie be released next year?"

“Probably, I don’t know the exact date, it’s still early and I haven’t even filmed half of it yet.

Chen Pingjiang thought for a moment and said, "Act well. When you're done, I'll invest in a drama and let you be the leading actress."

When Ni Na heard this, she suddenly sat up and looked at Chen Pingjiang: "I am with you not for these reasons, I just like you and admire you, please don't be like this."

Chen Pingjiang smiled: "You are too sensitive and underestimate me, right? I didn't say you wanted these, I just wanted to give you a bigger stage."

Renren has never made any layout in the cultural industry, and this will be the trend in the future.

Tencent has Tencent Video, QQ Music, China Literature, games, and film and television companies, and Alibaba also has its own ecosystem including Alibaba Pictures.

If you want to make short videos in the future, it will be very difficult without music copyright, video copyright, or game copyright.

While taking a bath, Chen Pingjiang soaked in the jacuzzi for almost half an hour, reflecting on himself at the same time.

After achieving success, the tension in my heart has relaxed, and even my outlook on life has changed slightly.

Do men become bad when they have money?

Chen Pingjiang didn't know either.

But what he was sure of was that when he first started his business, he didn't pay so much attention to women, otherwise Cong Nini would have thrown herself into his arms again and again, and Chen Pingjiang would not have pushed her away again and again.

But now, my mentality has changed, and I am becoming less and less able to control myself.

"That won't work. Otherwise, what's the difference between you and a stud?"

When people have everything, the temptation will become greater and greater, and women will really be proactive to the point of being scary; when you have nothing, they won't even look at you.

In the afternoon, Ni Na reluctantly said goodbye to Chen Pingjiang: "Send me a message, please? Don't ignore me."

Chen Pingjiang nodded: "Don't worry!"

The bar sent a car to take Ni Na back to school. After watching Ni Na's car drive away from upstairs, Zhou Guanghan and the other two rushed over.

Zhao Shaoyang lit a cigarette for Chen Pingjiang in a flattering manner, which made Dai Sheng somewhat envious. Although he could also lick someone's boots, he was far from being as servile as Zhao Shaoyang.

"How was business yesterday?" Chen Pingjiang asked casually.

"Very good! Last night our bar was trending on Weibo, mainly because of your reputation, Brother Chen. After a period of fermentation, I guess half of Dongjiang will know us, especially yesterday many rich second-generations and big bosses said they would come to support us later."

"By the way, Brother Chen, after Wang Cong went back home yesterday, news broke online that he and you were drinking together. I guess someone in that group took a photo and posted it online to show off.

Chen Pingjiang didn't pay much attention to this, but said: "I have set up the stall for you, the rest is up to you. If you have any trouble, ask Mr. Ge for help. I have only one request: you can make less money, but don't touch things you shouldn't touch. You should know the reason without me saying it, otherwise don't blame me for turning hostile when the time comes."

"Uncle, don't worry, I'll keep an eye on you." Zhou Guanghan patted his chest and assured, "Everyone knows that you are the big boss. If we want to touch them, we might as well find a piece of tofu and kill ourselves. It will only cause us less trouble and will also bring you a crisis of public opinion."

Chen Pingjiang nodded: "It's enough for you to know, then I will go back."

…………

Chen Pingjiang had a very important meeting in the afternoon. When he arrived at the company, the relevant persons in charge of the three major groups had already arrived.

They are Renren, Renrengou and Orange Mobile.

The specifications of the meeting can be seen from the staffing configuration.

As soon as Chen Pingjiang arrived, everyone greeted him: "Boss Chen, why didn't you invite us to the opening of the bar? At least give us a red envelope to share in the good luck."

"I saw that the trending searches on Weibo were very lively last night. It was said that Yida Lao Wang's son went there?"

After Chen Pingjiang chatted with everyone for a few words, he checked the time and coughed, "This time I called everyone here to mainly talk about the map service. Can you tell me what you think first?"

This matter was set as the key task of this year before the New Year.

How important are maps?
Let’s put it this way, among the life service applications on the mobile Internet, 67% of the applications are related to navigation maps. Especially as the group buying war is in full swing, LBS is destined to become the most popular outlet in the future.

The future of online ride-hailing, autonomous driving, and food delivery businesses will also depend on the support of maps.

However, this thing cannot be developed just because you want to. Qualifications are required.

A "map license" is required to provide location services, electronic navigation, or collect road traffic data, draw and update high-precision maps for autonomous driving, and other services.

The "map license" mentioned here mainly includes the Class A surveying and mapping qualification certificate for Internet map services and the Class A qualification for navigation electronic map production.

Abbreviated as "A-guide" and "A-test".

It is relatively easy to obtain Class A maps, which are mainly approved and managed by provincial-level natural resources authorities. If an enterprise only needs basic map functions, it can pay to obtain commercial authorization from licensed Amap and Baidu Map.

But the problem is, as an Internet giant, how could Chen Pingjiang hand over his life to the enemy?

Nuomi under Baidu is competing with Renrengou, Tencent will also cooperate with Sogou to create Tencent Maps, and Alibaba has fully acquired AutoNavi. The three BAT companies each control a map.

If it were just that, that would be fine.

Compared with Class A surveying, Class A guiding is the most difficult category of surveying and mapping qualifications to apply for, and is currently approved and managed by the Ministry of Natural Resources.

For enterprises, collecting information within a compliance framework, acquiring data to draw high-precision maps, and improving navigation accuracy must also rely on entities with "A-level guide" qualifications.

Without this qualification, if you dare to collect information and draw high-definition maps, I'm afraid Chen Pingjiang will have to work on a sewing machine in a few days. This is a matter of national security.

"A-Director" mainly includes navigation electronic map data collection and update, electronic map-based 3D products (such as high-precision 3D maps, etc.) and navigation positioning services. Manufacturers without "A-Director" can only use "A-Director" qualifications indirectly through investment, mergers and acquisitions, cooperation, etc. There is no other way.

Moreover, the number of map licenses is not increasing, but decreasing. This thing will be reviewed and updated regularly, and companies that do not meet the requirements will be eliminated.

Later, Didi spent a huge amount of money to obtain a scarce map license. At first it got it, but then it was rejected, so its neck has always been held by others.

If Chen Pingjiang wants to develop electric cars and autonomous driving in the future, high-precision maps are an indispensable part.

Even if you want to jump to NCA without graph, you still need to transition from NAC with graph and accumulate data to modify the algorithm.

Lin Bin spoke first: "I have done some research recently and I am optimistic about the full acquisition of AutoNavi. They released the AutoNavi navigation for iPhone last year and have rich experience. Whether in terms of user downloads, market share, attention or praise, they are the dominant player."

"Moreover, AutoNavi covers all industry chains. Not to mention A-Test and A-Navigation, it also has high-quality underlying map data and its own real-world navigation electronic map database. It is also the only company in China that can provide map API products for all platforms. Its interface design is more flexible and professional, and it is more suitable for deep-level users in the LBS field. No matter from which perspective, AutoNavi is the best choice."

"After Renren invested in the acquisition, the API can be connected to Renren Mall and WeChat. At the same time, as an important entrance to O2O, Renren Shopping is like having wings. As for our Orange Mobile, we also need a map."

Li Xi thought for a moment and said, "Mr. Lin has considered everything very carefully, but I think it's better to go with Sogou directly. The reason is that it has a rich ecosystem. If the price is the same, we can get Sogou Browser, Sogou Input Method, search engine, Sogou Maps, Sogou Encyclopedia, etc., which are ecosystems that our group does not have at present. After the acquisition, we can make up for our shortcomings. Among them, Sogou has a wide layout on the smartphone side, such as browser input method, and has taken a step ahead."

Gao Songbin, on the other hand, stood on Lin Bin's side and felt that Gao De was better.

In the meeting room, everyone was divided into two factions.

No one is right or wrong.

Even if there is an acquisition, it will be Renren who pays for the acquisition and then authorizes it to Orange Mobile and Renrengou, because Renren is the one that is least short of money at the moment.

From Li Xi's perspective, he definitely wants to complete his own ecosystem. It would be best to do more things with the same money. After all, Renren's demand for maps is not that great.

But Gao Songbin and Lin Bin are different. They don’t care about the Internet ecosystem such as browsers, input methods, and search engines. They just want better map qualifications.

The problem was handed back to Chen Pingjiang, and the final decision on which company to choose as a breakthrough point would depend on him.

"We would rather have a leading high-quality enterprise than so many insignificant enterprises, or even enterprises that are lagging behind in the core track." Chen Pingjiang said: "Our goal is to acquire a high-quality map company. Although Sogou has a complete ecosystem, it does not meet this demand. In addition, the market share of its engine and encyclopedia businesses is too low."

Considering the overall situation, Chen Pingjiang still chose AutoNavi.

Bu Housheng, who is in charge of strategic investment and controls Tianyuan Capital, frowned and said, "But AutoNavi is preparing for an IPO recently. If we acquire it at this time, I'm afraid it will cost a lot of money."

In fact, what Bu Housheng said may not be correct. Whether the price is high or not mainly depends on the confidence of the founders and shareholders in the listing.

If you feel that the listing may fail, or there is great downward pressure on the stock price, then selling yourself is obviously the best option.

But if the founders and shareholders have strong confidence in the company, they cannot do it without paying more money.

In other words, my company will be 100% successful in going public, and the stock subscription is good. If you want to buy it at a low price, you are dreaming.

"What is AutoNavi's current valuation?" Chen Pingjiang asked after thinking for a while.

"About three hundred million U.S. dollars."

Chen Pingjiang recalled that Alibaba spent nearly 14.5 billion US dollars to acquire AutoNavi, and the price offered was quite sincere.

However, that was three years after AutoNavi went public, and its initial market value was only 5 million when it went public.

The current $300 million is still reliable.

But the problem remains the same. AutoNavi is about to go public. If Chen Pingjiang only spends 3 million to acquire it, people will definitely not agree to do it. I can use more money for the IPO myself than this.

Unlike when Alibaba acquired AutoNavi, AutoNavi already had 5.1 million in cash flow and cash equivalents, and in the end Alibaba only spent 9 million in cash.

Bu Housheng added: "AutoNavi has three co-founders. Xiao Jun is in charge of business, while Hou Jun and Cheng Congwu are both financial investors, that is, managers."

Chen Pingjiang also knew this. Xiao Jun cashed out and left after AutoNavi went public. Cheng Congwu had always been the CEO, but he also retired after AutoNavi was acquired by Alibaba. Among the three, Hou Jun has always been the chairman and even CEO of AutoNavi. This is mainly because he has a strong background. He has served as the chairman of a state-owned enterprise and a business expert, including working in the Public Security Bureau of BJ.

What no one would have thought is that he also holds the operating rights of the two scenic spots, Zhangjiajie and Fenghuang Ancient Town.

After thinking it through, Chen Pingjiang said to Bu Housheng, "Please help me contact the other party. I'll go there in the next few days."

"Mr. Chen, I can go over for our first meeting. Can you wait until we have a clue?"

Chen Pingjiang shook his head: "I went over to show my sincerity."

Chen Pingjiang does not intend to follow Li Yanhong.

Baidu originally planned to acquire AutoNavi Maps, but Robin Li was a bit arrogant and thought that if you want to sell it, then sell it, but if you don’t want to sell it, then forget it. I already have my own map navigation.

Because of this attitude, Li Yanhong never showed up in the negotiations. In contrast, Ma was much more enthusiastic, flew twice in person, made a great gesture, and gave a reasonable price.

According to Chen Pingjiang's estimation of the AutoNavi Genesis team, the acquisition probably won't be difficult. The key lies in the acquisition price, which requires convincing the three founders step by step.

In fact, the difficulty of acquisition will definitely be smaller in a few years than it is now. At that time, AutoNavi and Baidu were fighting fiercely, and AutoNavi’s resources were far inferior to the latter.

What’s more crucial is that none of the three founders had long-term plans, otherwise two of them would have cashed out as soon as the company went public.

"This time, only Lao Bu can come with me. You don't need to bring the others with you for now. We can just feel out the situation when we meet for the first time." Chen Pingjiang (End of this chapter)