Reborn: Billionaire in College

There is no such thing as a quick buck without profit. Chen Pingjiang did not think he was noble in letting Zhang Yiming start his own business independently.

Doing this is entirely to destroy the future of the future, whether it is ByteDance or Renren, so that they can make a profit instantly.

He holds 51% of the controlling stake, plus 19% of Renren.com. It can be said that Zhang Yiming and Liang Rubo are both working for Chen Pingjiang, but they are just the highest-level employees.

However, Liang Rubo was right about one thing. Even if Chen Pingjiang could make the final decision on such a big matter, he still had to discuss it with other shareholders and the company's CEO Li Xi.

After seeing Zhang Yiming off, Chen Pingjiang thought for a moment and called Li Xi to come up and talk.

When Li Xi came up, he also brought a box of tea for Chen Pingjiang: "My boss's white tea is from Anji, and it's very famous. How about you try it? If it tastes good, I'll ask her to prepare more."

Chen Pingjiang's eyes lit up: "Not bad, I'll try it later."

Chen Pingjiang doesn't like drinking boiled water or purified water, as he always feels it is bland and tasteless.

I like drinking beverages.

But as a businessman, he needs to maintain his appearance. He can't just drink beverages all day long, so tea became his new hobby, especially green tea.

"I want to tell you something. I just made the decision, so I came to inform you right away." Chen Pingjiang said after putting the tea leaves aside.

Li Xi was puzzled: "What's the matter?"

"It's about Zhang Yiming."

"Zhang Yiming!" Although this person is nominally the company's senior vice president, he is actually relatively transparent within the company. His relationship with Li Xi is not close, and the two have more of a working relationship.

Li Xi naturally has his own direct lineage. Most of these people started the business with Chen Pingjiang, or joined the company in its early days.

Only Zhang Yiming is an exception.

"He just came to me and proposed to start a short video project, and the target competitor is Kuaishou. I thought about it and let him separate from Renren and do it on his own. Renren and I will both be shareholders, and let him do it."

Chen Pingjiang said it lightly, but Li Xi was stunned, and countless questions popped up in his head.

Does the boss think so highly of Zhang Yiming?

But even if you are optimistic about it, there is no need to be so generous, right?

What will other people think of this? What will the new people who will emerge in the company think? Will they also want to report their work proactively and then jump out like Zhang Yiming did?

This is exactly the reason why Chen Pingjiang and Li Xi communicated with each other, just to prevent people from thinking too much.

Before Li Xi could speak, Chen Pingjiang explained, "Zhang Yiming's case is an exception. This person is very entrepreneurial and ambitious, and has a lot of ideas in his head. Instead of staying in the company as a marginal person or being forced to jump out and start his own business, it is better for us to support him to make his own way. I won't say more, you can figure out the rest yourself, but what I can guarantee is that Zhang Yiming is an exception, not a universal case."

After following Chen Pingjiang for so many years, Li Xi has made great progress.

It was figured out almost immediately that this was a stopgap measure that allowed him to retain Zhang Yiming while protecting himself.

If Zhang Yiming is not allowed to do it, he will choose to leave; if Zhang Yiming is allowed to do it and succeeds, it will inevitably pose a challenge to Li Xi in the future.

"Mr. Chen, are you so optimistic about the short video project?"

Chen Pingjiang looked at Li Xi with appreciation. Indeed, he had made great progress and could see through the essence at a glance.

Yes!

The core reason of the whole incident lies in the short video project or the Douyin project.

The product of TikTok is no less important than WeChat, and both have the ability to disrupt.

TikTok has made ByteDance the top company in the global unicorn market value ranking with a valuation of 1.56 trillion yuan.

Its internationalized TikTok has a large number of users overseas, making it one of the most successful Chinese brands.

The love-hate relationship between TikTok and the Americans has become a household hot topic several times.

This product is a killer.

Chen Pingjiang must ensure that it must be done and the influence must be no less than before.

Secondly, make sure it is under your control!
The emergence of short videos has been disruptive to many industries, making information exchange faster, more effective and more intuitive.

It is the last piece of the puzzle in Chen Pingjiang’s social map!
Given that Weibo, WeChat and Renren are all in the hands of Chen Pingjiang, Chen Pingjiang now also needs someone like Zhang Yiming to take the lead and reduce his pressure.

On the surface, the two companies are decoupled, which can be explained to the outside world as a financial investment.

But no matter what, Chen Pingjiang himself did not dare to hold it in his hands for the time being, otherwise all social public opinion would be controlled by him.

When the water is full, it will overflow. Chen Pingjiang has always been clear about this principle.

The emergence of TikTok has had a profound impact on people's lifestyles, social interactions, information acquisition, and social culture.

It records and disseminates a large number of social phenomena and values ​​in the form of short videos, allowing users to understand and participate in various social activities more intuitively.

It has also become an important platform for obtaining information. The emergence of a large amount of popular science content and intangible cultural heritage content has made Douyin a carrier for the dissemination of knowledge and culture.

Especially in the United States at that time, it became a force capable of guiding public opinion.

Tik Tok has also become an important platform for the public to discuss public issues. Through short videos, users can directly express their views and opinions, which is more vivid and powerful than traditional text or pictures. Chen Pingjiang plans to let Zhang Yiming follow the original TikTok overseas expansion trajectory again, and strive to have a huge influence abroad as soon as possible.

Neither Orange Technology nor Renren has this kind of influence.

After figuring it all out, Chen Pingjiang nodded heavily: "Yes, I am very optimistic about this project. Due to many reasons, I cannot operate it on Renren.com. I hope you understand this."

Suddenly, Li Xi felt a little moved.

This is the boss.

Is it really necessary to communicate this matter with myself?

The boss is the boss of the entire company and there is no need for him to communicate with me at all.

If you can understand it, then understand it. If you can’t understand it, then leave. This is what ordinary bosses do.

I didn't expect that the boss would come to explain it specially to take care of his own feelings.

"Boss, I think you're doing the right thing. I understand your good intentions. If the short video project is really important, it's better to release it. Otherwise, one day Lao Zhang will be unhappy."

Chen Pingjiang smiled and nodded. It was not easy for Li Xi to understand this. There was no need to explain the nuclear bomb power of short videos. No one would believe it if he said now what the future of TIKTOK would be like.

In this case, let time prove it.

Li Xi patted his chest and promised: "I will contact Lao Zhang later. Whether it is personnel or resources, I will express my position here in the future short video projects. Renren will fully support it."

Li Xi has a very good mentality. He is neither arrogant nor impatient. He knows his own abilities and never fights for anything.

Chen Pingjiang likes this kind of personality very much.

It is also because of this that Chen Pingjiang was confident in handing over Renren to Li Xi instead of anyone else.

Because Chen Pingjiang's hard experiences since childhood have made him a simple and unpretentious person, and these people are loyal to Chen Pingjiang, this is the kind of person Chen Pingjiang wants.

The position of CEO of Renren.com does not necessarily require strong personal ability and leadership charisma. What counts is the ability to get things done without second thoughts.

After seeing Li Xi off, Chen Pingjiang called Shen Nanpeng, the Chinese partner of Sequoia Capital, the major shareholder of Renren.com, and asked, "Old Shen, are you still at Dongjiang?"

Shen Nanpeng's voice came from the other end of the phone: "I haven't left yet. How could I dare to let my subordinates handle such a big matter as the listing of Renrengou? I have been following it personally. What do you want from me?"

"It is indeed an important matter. Please come over now."

"OK, I'll be there in twenty minutes."

After hanging up the phone, Chen Pingjiang called Xu Rui and asked him to make a cup of white tea that Li Xi had sent.

Looking at the green tea leaves floating in the glass, Chen Pingjiang chuckled.

The listing of Renrengou is an event that cannot be more important.

In the current group buying and takeout market, Renrengou is the only dominant player, while Meituan and Ele.me are struggling to survive in the cracks.

A subsidy war is unaffordable and meaningless.

These two families would be satisfied as long as they could ensure they didn't starve and make some money.

Renrengou’s current valuation has already surpassed the 300 billion yuan mark, and if it is successfully listed and oversubscribed, it may not be big news if Renrengou’s market value exceeds 400 billion yuan.

With an 2% market share, the domestic OO leader has already started to make profits. Although the profits are not much, it is truly remarkable that it has provided employment for hundreds of people.

Renrengou had already met all the conditions for listing, so there was no need to delay. Therefore, Chen Pingjiang chose to start the listing process on the Hong Kong Stock Exchange.

There are several reasons for choosing to list in Hong Kong.

Firstly, the time when relations between the two countries will deteriorate is getting closer. Instead of delisting and relisting on the Hong Kong Stock Exchange within two years of listing, it is better to choose the Hong Kong Stock Exchange directly.

Secondly, the food delivery business holds a large amount of personal information, address information, and sensitive unit information, and Chen Pingjiang doesn’t have the courage to go public on NASDAQ.

Third, Renrengou's model has no counterparts abroad. It is only well developed in China. In 2013, people abroad still ordered takeout directly from restaurants by phone, but restaurants deliver food. This makes it difficult for foreign investors to understand Renrengou's model, and thus they are unable to give Renrengou a better market value.

Finally, the Hong Kong Stock Exchange came to him enthusiastically and asked to list there, and Chen Pingjiang was too embarrassed to refuse.

Chen Pingjiang knew very well what should be done and what should not be done.

He will not follow Didi's old path.

Even if other shareholders such as Shen Nanpeng are unhappy, there is nothing they can do.

Chen Pingjiang just said one thing: if you are unhappy, you can choose to cash out and leave, and he, Chen Pingjiang, will find someone else to take over.

With just one sentence, he pushed back at everyone.

This is enough to make the ten people in He Zhiyu's small circle speechless, and they dare not even say anything in private.

It would be so embarrassing to be kicked out at this critical moment.

Losing face is a minor matter, but not making money is a major matter. (End of this chapter)