Chapter 142 Internationalization (Combined Chapter)

Xiao Gang acted quickly. After Cao Shen expressed his interest in Life Cyber ​​and asked him to help with due diligence, it took only half a month to complete the project.

From Xiao Gang's feedback, Chen Jieke is indeed capable. His products are innovative, his technology is solid, his promotion is strategic, and his management and execution capabilities are in place.

As for Chen Jieke's two partners, Xiao Gang commented:

"Short-sighted."

In this case, the founder can just keep Chen Jieke alone.

So, Mr. Cao directly offered 500 million US dollars to get all the 30% of the shares from the other two founders, and cleared them out.

He gave a valuation of 600 million and invested 120 million US dollars. This is equivalent to a total of 41% of the shares in hand, and Mr. Xiao also followed with 60 million US dollars, taking 10%.

The two of them hold a total of 51% of LifeCyber's shares and become major shareholders.

Chen Jieke was certainly willing to do this. Ocra Capital is a top investment institution. Their investment is a direct blessing. Just looking at this card, subsequent financing will be much easier.

More importantly, Ocra Capital revealed to Chen Jieke that Cao Shen is one of its LPs.

Because of Ocar Capital's "special" background, Xiao Gang naturally would not tell him the truth.

But as an international fund, the investors behind it seem to be mainly from the UAE, and naturally there are a small number of people from other countries. It is reasonable for Cao Shen to be one of the "other countries". After all, this is also a market-oriented capital.

And Ocar Capital also said that because LP Mr. Cao is very optimistic about Life Cyber, he also invested 12 million US dollars separately, accounting for 2% of the shares.

As an "Easterner", this shareholding ratio is acceptable for a US company.

When Chen Jieke learned that his idol helped him so much, not only introducing investment institutions but also paying money, he was not only moved but also full of confidence.

As for some of LifeCyber's early institutional investors, they generally do not want a company to be invested by institutions as major shareholders in the early stage, as this will damage the enthusiasm of the team and give the institutions too much say.

But their attitude towards Ocar Capital is obviously different.

First, this institution is too prestigious. Investors like to stick together, and it is best to have top-level institutions stick together.

Second, this institution is too rich. The Afghans are rich people sitting on oil! They have deep pockets. If the project encounters difficulties and financing is not smooth in the future, they can still raise a round of financing internally to support it.

Third, the investment of this institution means that the project is safe. Because from past records, Ocar Capital has done a lot of things like investing and then acquiring the company.

If LifeCyber ​​cannot be listed in the end, selling its shares to Ocar Capital and letting it acquire it can also be regarded as a successful exit of the project.

So, this is a business that can be used for both offense and defense, and it is guaranteed to make a profit.

So, everyone is happy and welcomes the arrival of OC!

After the investment was finalized, Cao Shen sent an email to Chen Jie Ke overnight, attaching a cloud file link.

Chen Jie Ke was very excited to receive the email from his idol, and clicked on the link excitedly.

He was dumbfounded when he saw it.

Except for the logo, this was a pixel-level copy of Facebook by Cao Shen, who used the system's website editor to re-do LifeCyber.

Oh, it can't be said to be a pixel-level copy. Cao Shen still optimized some of the places that he felt Facebook was not easy to use, such as the simplicity of the interactive interface.

Some functions were deleted, and they were planned to be released later.

After all, giving users too many things at once would confuse them and the threshold for acceptance would be high.

The email also included a sentence:

"Change your domain name and run away."

Chen Jieke was sweating profusely. This was equivalent to Mr. Cao remaking LifeCyber. Oh my god!

He changed the domain name and ran away. He even did the backend hosting.

So, the meaning of my existence is to take 180 million US dollars for nothing?

In the spirit of not wanting to eat for free and be a waste, Chen Jieke still wanted to struggle a little and show his own value.

But after studying and researching, this product made by Mr. Cao is indeed better than his own!

It has more functions, is more user-friendly and more complete. He tried his best to optimize it, but he couldn't find a place to start.

Chen Jieke sighed. Mr. Cao The product technology has been done, and the only place I can shine is promotion!

There is nearly 200 million US dollars in cash in the account, which can be said to be sufficient ammunition.

Think about it, when Mr. Cao promoted Youxin, he basically didn't spend any money.

So, I must not be too bad! I must not let Mr. Cao down.

So, Chen Jieke used all his strength to promote LifeCyber ​​crazily, and the result was of course remarkable.

In addition, since LifeCyber ​​is originally global, the global agency of Youxin was also signed to Chen Jieke.

In terms of product features, although Youxin and LifeCyber ​​are both social applications, there are still differences.

Youxin is a relatively closed "circle of acquaintances", while LifeCyber ​​is semi-closed.

For example, LC will recommend "new friends" to you based on your browsing content and friend relationships, so that your social circle can be "expanded".

Of course, the key to semi-closed is that you need to apply to the other party before you can follow new friends, which is different from the fully open Weibo.

In addition, for large-scale "group activities", semi-closed social relationships such as LC can spread faster and cover a wider range.

As social products, Youxin and LC do compete with each other. In the final analysis, they are both killing users' time, but there are also differences and complementarities in terms of functions.

In addition, Youxin has Tongfubao while LC does not have payment, so for overseas users, Youxin has stronger tool attributes, an instant messaging tool plus a payment tool.

LC may have stronger social attributes, and it is more in line with the needs of foreigners to make friends.

Chen Jieke wanted to be an agent of Youxin before, although he abandoned LC and wanted to join, and now LC is still in his hands. But the original intention remains unchanged. Anyway, it is all promotion, and I must let Mr. Cao see my strength as the "No. 1 promoter".

In order to maximize the value of Youxin's tool attributes, Chen Jieke also took the initiative to communicate and negotiate with banks and regulators in the United States to complete the implementation and promotion of Tongfubao.

Of course, Mr. Cao will not bet all his money on one partner.

TT Technology originally had a team in the United States, mainly engaged in the distribution of game products.

But in fact, due to cultural differences, TT Technology's games were not very well distributed in the United States. So Cao Shen reorganized the US team and transformed it to do the distribution and promotion of Youxin and Tongfubao.

It is equivalent to Chen Jieke being the general agent and his own team doing direct sales.

Because promotion is a matter of spending money, the two sides will not collide. Cao Shen also intends to race horses to see which side spends money more efficiently.

As for income, it mainly comes from Youxin's advertising system.

Selling advertisements and attracting advertisers depends on your own ability.

Although there is a little competition for this, Chen Jieke is still jumping happily, after all, his advertisers can be reused in the future.

Although LC has not advertised now, it will be on sooner or later, so reserve it first!

With money and energy, by June 15, LifeCyber's users had exceeded 60 million, doubling directly.

Cao Shen thought it was okay, and sent an email to Chen Jieke:

"By the end of the month, give me 100 million."

June was very hot, and it was destined to be a busy month.

Tao Jiang and Zhang Da had a big fight.

A couple quarrels at the head of the bed and makes up at the foot of the bed, that is because of a special bond.

The bosses can also make up after quarreling, of course not by that special bond, but by something stronger than bond, interest.

The reason why the bosses are bosses is that they have a bad temper and sober up quickly.

Moreover, their control desire is stronger than that of ordinary people. Even if they quarrel to pieces, they can pull the ship back on track as soon as possible after venting their emotions.

After a while of swearing at each other, they began to make harsh words with reason and evidence.

As the harsh words were kept, both sides realized the seriousness of the matter, or found an opportunity to seek common ground while reserving differences.

In the end, the two put aside their prejudices and found that each other was an indispensable fighting force.

When the words are open, all kinds of suspicions and small thoughts are easier to be eliminated, and they understand each other better and get closer.

Of course, they still want to deny the shortcomings of the other party!

The boss still has the dignity of a boss.

But privately, they will still think about whether others can reflect on themselves and their business in this way?

This is probably a kind of quality of the boss. They may resist or deny, but they will still think about it in order to go further. Instead of stopping at this stage like many people do in the previous stage.

So, the two of them learned from their mistakes and decided to work together.

The excitement in June kicked off.

On June 1, "Dada" taxi was launched in Beiji.

On June 12, "Chuchu" car rental began to be subsidized.

On June 14, "Love Carpooling" was launched in Xiangzhou.

On June 16, "Ele.wa" launched its takeaway business in the CBD business district of a first-tier city for the first time.

In the same month, Lin Hai of Jushi Technology announced the acquisition of the third-party payment company "Yicaifu", and then invested in another taxi company "Shudi".

Jushi Technology was originally a major shareholder of "Yicaifu". Its navigation homepage and computer security products have done a lot of game joint operations. At that time, "Yicaifu" was mainly used for game recharge.

Mobile payment is now a very hot concept, and Lin Hai naturally cannot miss it, so he acquired the entire company and was determined to compete for a seat.

You can be the boss of Tongfubao, but the remaining market is not small.

Moreover, the country cannot allow a monopoly on third-party payment. In terms of policy, there will be more companies to diversify risks.

So, there are great opportunities!

If you don't do it now, when will you!

Another person who has this idea is "Tuantuan", which started as a group purchase and was a competitor that emerged from the Hundred Regiments War.

They have studied takeout a long time ago, almost staring at "Ele.wa" step by step, studying all the pitfalls and possibilities, and are fully prepared to fight in.

Group buying, I am originally doing offline business.

Takeaway is naturally my territory!

So, in June, the group-buying giant "Tuantuan" rushed into the food delivery market.

Investors saw that the big guys were involved, and there was really something to do!

So, the food delivery industry became a hot commodity in the investment community, and a lot of money was poured into it.

As for taxis, carpooling, and car rentals, didn't you see that Zhang Da and Tao Jiang, two big guys, rushed in? This is the next outlet! Just get out of your pocket and do it!

The big guys rushed in, and the capital went out. Users in June were happy, and unprecedented subsidies were poured on them.

You can take a taxi for five yuan, and you can have a good meal for ten yuan. Sometimes you can earn some money from carpooling red envelopes, and the red envelope subsidies for car rentals can't be used up at once...

These excitements naturally don't belong to Cao Shen, and he obviously doesn't have time to care about them now.

In addition to LifeCyber's products and investments, and Youxin's internationalization, he has another important thing to do.

This of course also made a group of enthusiastic new outlet contestants a little confused.

Payment scenarios, Mr. Cao doesn't want them anymore?

With Youxin and Tongfubao in hand, he is inflated?

Or is he just a geek who only focuses on technology and doesn't respond to market trends?

Cao Shen obviously doesn't care what others think of him. He cares whether the Ministry of Commerce is strong this time.

Yes, Cao Shen rolled up his sleeves and prepared to acquire MIPS, the world's largest chip architecture company besides Intel and ARM, with a large number of IPs.

When Cao Shen first invested in Bianhe Semiconductor, he had thought about it. At that time, he was still thinking about where to find so much money. Now that he has money, he naturally wants to pocket it!

It just so happens that MIPS is going to be sold!

But there are two difficulties in this acquisition.

First, because this American company has a large number of IPs, it is very sensitive to sell it to the East, and it is likely that the acquisition will not be successful at all.

This matter requires Xiao Gang's help again, and he has formed a consortium that looks "very clean".

It is not difficult to convince MIPS to sell the company to it. The most difficult thing is that the sale of such a high-tech company will be strictly reviewed by the US Foreign Investment Committee CFIRS.

Although Cao Shen has formed a consortium, it is a new consortium after all, so the review is particularly harsh.

In addition, because it involves a large number of patent issues, it will easily cause various countries to exercise the "antitrust extraterritorial jurisdiction system".

Although this is just a merger between a consortium and a company, it involves issues related to chip architecture. Some countries may think that this will have an impact on their own chips or even semiconductors, electronics, and equipment industries, so they will exercise the right to approve.

This is also an international practice when companies with monopoly status or companies with key technologies or important resources undergo mergers and acquisitions.

Therefore, you have to submit approval requirements to the Ministry of Commerce of each country.

In addition, a large number of patents have also encountered joint boycotts from various patent alliances. They even formed a consortium to acquire to prevent the patents from falling into malicious acquisitions.

In addition, there are many other buyers who jumped out to intercept.

Some of them are indeed more suitable buyers than consortiums in terms of synergy.

There are also many American companies with local advantages.

In this case, Cao Shen really can't do anything except money. It all depends on Boss Xiao's efforts to mediate.

Cao Shen finally took MIPS for 500 million US dollars. Compared with the value of MIPS's patents, this amount of money is nothing.

And if it weren't for Boss Xiao's efforts, such a company with so many patents would not be able to afford this price.

Second, the consortium's acquisition of MIPS is only the first step. You have to "move" this company back to the East. To be precise, it is to move it back to Bianhe Semiconductor and Xishen Technology.

The reason why two companies were used to take over is that Bianhe's cash is not that rich. In addition, the two companies can also distract attention.

The consortium looks like an overseas consortium. Buying assets from the consortium involves overseas transactions, and it belongs to the high-tech industry, which requires the approval of the Ministry of Commerce of the East.

The original world is actually more open in this regard. The purchase of overseas assets in the East is very tight.

The tightening has always been very tight, and this situation has intensified recently.

On the other hand, it is easier to operate like TT Technology's earlier acquisition of a game company.

This time, MIPS was bought by a technology company with a large number of patents, and the chip architecture is an extremely scarce target. The Ministry of Commerce itself also needs some kind of negotiation and appeasement to the outside world.

Of course, Cao Shen also chose a backup plan. After all, the official sometimes involves various problems, and the efficiency cannot be guaranteed.

If it really doesn't work, in the future, Bianhe can only use MIPS technology through the consortium authorization.

But this will involve a lot of unnecessary tax issues, and the increase in costs will prevent Bianhe Semiconductor from maximizing its advantages.

More importantly, the ownership belongs to the consortium and is not protected by the laws of the East. If any organization or alliance does something in the future, you will still be led by the nose.

Therefore, the latter is the worst option.

As for why the consortium was formed instead of using Ocar Capital directly, it is naturally because it doesn't work.

OC has been extremely cautious for so many years. According to Cao Shen's calculations, their way of maneuvering is like boiling a frog in warm water.

Business splitting, splitting it into small pieces and selling it bit by bit, that is a big move.

Many times, joint ventures are used to export technology.

Or key technology authorization and transfer.

There will be more and more Dongguo people in the internal members, especially Dongguo engineers.

Cao Shen's trip was a big move. In the end, others knew who the buyer behind the scenes was, but the dust has settled. At most, they will be called shameless or protest. Just bear with it.

You can't drag OC into this matter, which may be easy to get caught.

Of course, Boss Xiao is still in charge of this matter, but because Ocar Capital is also making gradual moves, first, there is a quota, and second, it is obvious to do too much and easy to be exposed.

So this is a choice for Boss Xiao.

If you help Cao Shen first, you have to put aside the things in your hands.

In addition, there is a change of leadership this year, so Boss Xiao also has to do some things.

Although Cao Shen doesn't know who is above Boss Xiao, he can still feel that some changes in the upper level this year have an impact on him.

It's not that it's against individuals, but the new team may have new strategies and guidelines for things.

When it comes to issues involving fundamental interests, Cao Shen was actually very embarrassed when he spoke to Xiao Gang.

It can be said that it would be impossible for me to get to where I am now without Boss Xiao.

In the past, asking Boss Xiao for help at least made him some money, which was a little psychological comfort.

But in fact, Cao Shen gradually realized that money was not very meaningful to Boss Xiao personally.

This time it was really a bit of "harming others for self-interest".

Xiao Gang still agreed without hesitation and praised Cao Shen for his good vision, hoping that the acquired product technology could be carried forward in the future.

But it was also obvious that there was fatigue in Boss Xiao's tone on the phone.

In the end, the matter was settled, but Boss Xiao disappeared for a long time again, just like the last time he acquired TT Technology.

Cao Shen had a hunch that Boss Xiao must have paid a price this time, and wanted to ask, but he couldn't ask unless Xiao Gang took the initiative. He did feel a little guilty in his heart.

He could only do the things well as a consolation.

Now that Cao Shen had MIPS in hand, he was determined to make something out of it.

Liu Jun, who was working on the project, was naturally very excited. He had never thought that he would be able to acquire MIPS one day.

The two people who were both motivated hit it off immediately.

If you want to do something, you have to do something big, such as operating systems!

Cao Shen is now a major shareholder of LifeCyber. Youxin has also gone overseas to do internationalization and acquired the American technology company MIPS. It is considered a step forward in internationalization, but it is obviously not enough.

The preparations are almost done, and Cao Shen wants to take another step!