Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 615: The Other Shore

"MossMoss?"

The executives in the conference room looked at each other in bewilderment, and they were keenly aware that something was wrong with their boss.

In the past, they called Chen Mo various names - promoted executives called him chairman, those who were closer to him called him boss, BOSS, and those who graduated from Ivy League College called him dean - later, everyone felt it was a bit confusing, and after some discussion, they just called Chen Mo, Moss, which means "Mo + Boss".

When Chen Mo heard this name, his expression paused subtly, but in the end he said nothing, which was considered as his tacit agreement.

But at this moment, Chen Mo seemed to be pulled away from reality by some distant thoughts, his eyes were unfocused and he did not respond.

It wasn't until someone called him again tentatively that he suddenly came back to his senses.

"You guys continue, give me a copy of the meeting minutes and conclusions."

He said this, stood up and left, his back revealing a rare sense of fatigue.

Leng Ning watched him walk out of the meeting room, frowning slightly.

She suppressed her worries and calmly took over the meeting to ensure that the agenda continued to move forward.

But her thoughts were always on Chen Mo - he rarely lost his composure like this.

After the meeting was over, she quietly pushed open the door of Chen Mo's office.

What came into view was a man half-lying on a large boss chair, his face covered with a copy of "The Three-Body Problem", the rise and fall of his chest almost imperceptible.

The sunlight shone obliquely on him through the floor-to-ceiling windows, but inexplicably made the figure look somewhat lonely.

Seeing this scene, Leng Ning felt inexplicably distressed.

Moss——In addition to "silent + boss", this word has another meaning: moss. It has no roots or support and grows alone.

For some reason, she suddenly felt that Chen Mo at this moment was like a moss that was slightly curled up by the sun. Although he was in a high position, he vaguely revealed a kind of loneliness that was incompatible with the world.

She pursed her lips and finally didn't ask anything. She just took out a thin blanket from the cabinet beside her and gently covered him with it.

Chen Mo's breathing rhythm did not change - Leng Ning was too familiar with it, and she knew he was not asleep.

But she knew better that what he needed at this moment was not comfort, but undisturbed silence.

So she quietly left, closed the door gently, and turned the doorplate over.

"The boss is dead, burn some paper if you have any questions!"

This is the special “Boss, Do Not Disturb” sign that the administration department secretly customized after last year’s annual meeting.

On December 12, Xiaomi Group officially announced the completion of a US$29 billion Pre-IPO round of financing and plans to list on the Hong Kong Stock Exchange in mid-12.

In the last round of financing, Xiaomi’s valuation of US$450 billion is close to the “unicorn ceiling”. It cannot rely solely on the single mobile phone market, but also needs to support a higher valuation through business diversification (such as the ecological chain IoT strategy and Internet services).

In particular, the performance of Xiaomi 5 series and smart home market exceeded market expectations, so the valuation of this round was as high as US$550 billion.

The financing will mainly be used for global expansion (Southeast Asian market, Europe) and supply chain optimization.

In addition to some old shareholders (such as DST, Bi'an, Shunwei), this round of financing also attracted GIC (Singapore sovereign fund), All-Stars (Hong Kong technology-focused hedge fund) and Yunfeng Fund.
It is worth mentioning that although Xiaomi has gone through so many rounds of financing and has many investors behind it, even after going public, it is in the form of "same shares but different voting rights" (AB shares), and the core team led by Lei Jun always has absolute voice.

After several rounds of financing, founder Lei Jun still holds about 27.4% of the shares, but through the design of special voting rights, he actually enjoys 57.9% of the voting rights, which is close to %.

Co-founder Chen Mo holds a 17.2% stake, and the two of them together control 82.45% of the voting rights.

The employee stock ownership plan accounts for approximately 10%, with an estimated market value of over US$50 billion.

Other investors hold approximately 21.3%, and the total investor equity ratio is approximately 38.5%.

Investment bank analysts pointed out that Xiaomi's equity structure design is a textbook case:

"This human capital-driven structural design not only protects the strategic decision-making power of the founding team, but also leaves enough room for employee incentives. External capital can share in the growth dividends, but it is difficult to interfere with the company's operations."

In today's Internet world, the first-tier players have already built up a huge capital matrix, and the title of "XX system" has become a symbol of industry status.

The announcement of Xiaomi's Pre-IPO financing news made the financial community suddenly realize that
This seemingly low-key enterprise is creating a business empire.
As soon as the news of Xiaomi's PreIPO came out, many financial media were excited.

Because they found that if Xiaomi's IPO was really successful, the scale of its IPO would be second only to FaceBook and Alibaba a few months ago, becoming the third largest IPO case for Internet companies.

After careful investigation, professional institutions discovered that Xiaomi's investment portfolio is far more complicated than imagined - a huge "Xiaomi system" has been built through three channels: Lei Jun personally, Xiaomi Changjiang Industrial Fund and Shunwei Capital.

The tentacles of this business empire extend not only to Xiaomi's ecological chain companies, but also penetrate into the Kingsoft Group and its affiliated companies.

According to statistics, Lei Jun himself holds important positions in 36 companies, actually controls 62 companies, and indirectly holds shares in more than 500 companies. When major media outlets successively disclosed the financial data of Xiaomi Technology, the public was surprised to find that Xiaomi was not "small" but very large, and had already grown into a technology giant with revenue approaching billion yuan.
What is even more shocking is that as a new member of "BAT", the actual scale of the Bian Group is so large that even Xiaomi pales in comparison.

After the reporters followed the clues to investigate, they discovered a business picture that was terrifying to think about.

Under the operation of Bi'an Venture Capital headed by Zhou Shouzi, the Bi'an business empire is expanding at an astonishing speed.

According to statistics, in 2014 alone, more than 200 billion yuan of funds were invested, like precision-guided missiles, in various strategic locations in the global technology industry.

In addition to the well-known core businesses such as social, security, cloud services and games,
From content entertainment to artificial intelligence, from semiconductors to electronic manufacturing, Bi'an can be found in almost every cutting-edge technology field.

Because a large amount of investment by the Bi'an Group has not been publicly disclosed, even the most experienced financial journalists can only piece together part of the truth - well-known companies such as Ele.me, AutoNavi, Didi Chuxing, Zhihu, and technology companies such as Huaxing Optoelectronics and Mi'an Xinsheng.

The part above the water is already shocking, but the unknown volume hidden deep underwater may only be known to regulators.

This kind of looming behemoth is the most awe-inspiring existence.

This looming business behemoth has led the industry to give the Bian Group’s business empire a unified name – “Bian Group”.

While the entire internet was still hotly discussing the business layout of the Bian'an Group, Chen Mo, who had just had an epiphany, was leisurely browsing the news.

When he saw the serious analysis of these financial media, he suddenly had an idea - "What tools do these reporters use to check corporate relationships?"

After a casual search, a webpage called "Tianyancha" caught his attention.

Although the interface is simple and the functions are single, this enterprise information query platform created by Liu Chao, a former researcher at Microsoft Research Asia, made Chen Mo's eyes light up.

As a future corporate information query and commercial credit reporting platform, this thing is even more important to my subsequent development plan than Zhiyan.

Chen Mo immediately sent a concise email to Bi'an Venture Capital: "Tianyan will check this company and collect all the receivables."

After hanging up the phone, he looked at the latest financing list disclosed by Xiaomi and frowned slightly: "Yunfeng Fund?"

After thinking for a moment, Chen Mo took out his mobile phone and sent a WeChat message to Lei Jun, and received a reply a few seconds later.

Chen Mo rang one of the internal phones, "Prepare the car, go to Xiaomi!"

In fact, he basically doesn't care about Xiaomi's general affairs. He just waits for dividends at the end of the year. After all, the abilities of Lei Jun and Xiaomi's management are unquestionable.

Even for this round of financing, he only authorized Zhou Shouzi to handle it to ensure that his personal shares were not diluted too much.

But after seeing the investment list, Chen Mo felt it was still necessary to find Xiao Lei to have a good chat about Xiaomi's recent situation.

Two hours later, Lei Jun's office.

"You dare to take over the fund from Lao Ma?" Chen Mo shook the document in his hand.

Lei Jun smiled and said: "In fact, I agreed to Yunfeng's participation because I focused on strategic synergy rather than pure financial investment. Lazada and PayTM invested by Alibaba have synergy with Xiaomi's mobile phone and IoT businesses, and Yunfeng's global investment network can help Xiaomi reduce the resistance to overseas expansion.

With the help from your side overseas, Xiaomi's development will only become smoother and smoother.

Moreover, Yunfeng only invested US$1 million, accounting for only 0.2% of the shares, which is not a big deal."

Chen Mo thought again, the business world is like a chess game, there is really no need to draw lines and make things either black or white, there is no need to be completely one-size-fits-all, maybe Bi'an will be able to cooperate with Tencent in the future, it's hard to say.

"I understand what our plan is for Xiaomi to go global next year."

As if he knew Chen Mo had asked this question a long time ago, Lei Jun opened his drawer and threw a document over.

Chen Mo browsed quickly and suddenly stopped at a certain page, raised his eyebrows and asked: "Indian market?"

Lei Jun saw that the other party frowned and asked, "What? Is there a problem?"

“How can there be India?”

"What's wrong with India? It is the world's second largest smartphone market after China, and is in a critical period of transition from feature phones to smartphones. Just like China three years ago, it was a blue ocean. Xiaomi can completely occupy this blank market with its cost-effectiveness."

Lei Jun analyzed the market prospects of Xiaomi mobile phones in India in detail.

Chen Mo hesitated to speak. He couldn't say that India's Indians would freeze Xiaomi's billions of assets in the future.

Although I can’t remember the exact time, it should be after 2020. It would be a bit of a waste to leave such a big cake uneaten.
After careful consideration, Chen Mo could only gently remind: "Xiaomi can sell products, but don't build a factory in India. Don't agree to it even if the policy is good. You know the policy of India."

Lei Jun nodded thoughtfully: "What you said makes sense. Asset-light operation is indeed more stable. OK, I'll make a note of this."

As he spoke, he added corresponding supplementary instructions to the plan.

(End of this chapter)