I'm in the county town, and you say I'm a big shot?

Chapter 591 "He's a stubborn ox, but you hold the reins."

"Sigh, sure enough, some people say that you seem a bit like Ma Huateng on the surface, and that you're very low-key. But those who really know you feel that you're similar to Ma Yun in some ways. Okay, I get it. Let's play ball again sometime!"

"Sure," Fang Qingye readily agreed.

After finishing the call, Fang Qingye leaned back in her chair with a slight smile on her face.

The ball is now in Ma Yun's court; let's see how he plays it.

As for Shen Nanpeng, after making the call to Fang Qingye, he immediately called Ma Yun to tell her the results of his communication with Fang Qingye.

"Fang Qingye's attitude is quite tough," Ma Yun laughed on the other end of the phone.

“Yes, as I said, you two are similar in some ways. Fang Qingye will not allow anyone to control Ele.me. Whether it’s implementing dual-shareholding or the chairman’s veto system, it all demonstrates his attitude,” Shen Nanpeng said.

"What's Tencent's attitude?" Ma Yun asked again.

"Tencent is unlikely to object, because Ma Huateng knows he can't control Ele.me, and his mind isn't on that right now."

"Taking a Didi ride? Hehe." Ma Yun's laughter came from the phone.

Shen Nanpeng sighed inwardly.

Why.
These two horses were clearly from the same family five hundred years ago, but now they're fighting to the death.
The same applies to the ride-hailing industry!

Sequoia China has invested in both of these online ride-hailing companies, Didi Chuxing and Kuaidi Dache!

If Meituan and Ele.me successfully merge this time, can Didi Chuxing and Kuaidi Dache also merge?
An idea popped into Shen Nanpeng's mind.

Of course, we can't say that now; we need to focus on doing the things at hand well.

"President Shen, what's your suggestion?" Ma Yun asked again on the other end of the phone.

"My stance is clear: a merger would be more beneficial than harmful to both the company itself and its investors. And..."

"What else?"

"Mr. Ma, to put it bluntly, in the food delivery and local consumption sector, neither Alibaba nor Tencent can possibly surpass Ele.me. This is Fang Qingye's territory, so we might as well invest our funds elsewhere."

After a moment of silence on the other end of the phone, Ma Yun slowly said, "Alright, let Meituan and Eleme talk to President Shen about this. I'd like you to go to Yanjing to meet Wang Xing; he's a stubborn mule."

"But the reins are in your hands."

The two chuckled.

Two days later, Shen's boyfriend took the high-speed train straight to Yanjing.

At this time, Yanjing had entered the height of summer, and the weather was extremely hot.

Of course, the air conditioning in the office was still quite strong. Wang Xing was sitting behind the large boss's desk, looking at the materials reported from various places, when he felt a sudden sense of irritation for no reason.

He didn't know what was bothering him.

The data and information to be reported below?

According to statistics released by local agencies, Meituan's latest market share is 23.5%, only 0.5 percentage points higher than last month.

Meituan's expansion speed has slowed down significantly.

Ele.me seems to have gotten used to Meituan's aggressive expansion, and has been steadily and cautiously advancing, maintaining a market share of around 70%.

He was prepared for these circumstances. Ever since Ele.me announced its financing of up to 80 billion yuan, he knew that this would be a tough and protracted battle.

Therefore, these circumstances are insufficient to make him appear so distressed.

What exactly went wrong?
Wang Xing was somewhat confused.

He was never this anxious when Meituan was first established and raising money from all over the place.

Just then, the office door was suddenly knocked open, and his secretary entered. She said, "Mr. Wang, Mr. Shen from Sequoia China is here."

Shen's boyfriend?
This guy is always appearing and disappearing mysteriously. Yet, a smile appeared on his face: "President Shen? Please invite him in." After saying that, he stood up and walked towards the door.

A middle-aged man wearing a T-shirt and casual pants appeared at the door; it was Shen Nanpeng.

"Mr. Shen, hello." Wang Xing shook hands warmly: "Why didn't you call ahead? I would have arranged for someone to pick you up from the station."

"Thank you, you're welcome. I just came from Mr. Zhang at General Atlantic Capital Group."

Transatlantic Capital!

This is also one of Meituan's major investment institutions.

Wang Xing's heart skipped a beat, but he asked aloud, "How is President Zhang?"

"Good."

Wang Xing invited Shen Nanpeng to sit on the sofa. The secretary quickly poured tea and then went out to close the door.

The two started chatting.

"Mr. Shen, did you come to Yanjing specifically for Meituan or did you stop by on other business?"

"It was a special trip."

Wang Xing's expression changed slightly upon hearing this, but he quickly recovered and said, "That's perfect, Mr. Shen. As one of Meituan's investors, let me tell you about Meituan's latest operational situation." After saying that, Wang Xing stood up to get the documents, but was stopped by Shen Nanpeng.

"This matter is not urgent. Let me talk about something else first."

"Okay." Wang Xing sat back down on the sofa.

“I’m here not only on behalf of Sequoia China, but also on behalf of Jack Ma of Alibaba and Mr. Zhang of General Atlantic, to discuss with you some things about the future development of Meituan,” Shen Nanpeng said.

Although the other person had a kind smile on their face, Wang Xing suddenly felt nervous.

"you say?"

"After discussions, we hope that Meituan and Ele.me will merge. I have also communicated this proposal with Ele.me's investors and management team, and they have agreed."

merge?!
Wang Xing was stunned upon hearing this.

It turns out that what's circulating online isn't just baseless rumors!

"Impossible! Absolutely impossible!" Wang Xing shouted excitedly.

"Mr. Wang, please calm down, let me finish what I have to say." Shen Nanpeng frowned.

"Tell me, I want to hear how you plan to merge," Wang Xing said coldly, suppressing his emotions.

"The two companies will still be called Ele.me after the merger. The two apps can continue to operate independently and remain relatively independent. We will evaluate their performance after a period of time. The board structure will remain largely unchanged, with Ele.me as the main entity. You and Gan Jiawei will join the Ele.me board, and you will also serve as the vice CEO. Regarding equity, the two companies will be revalued, and the shareholding ratio of each investor will be reassessed based on the valuation."

After Shen Nanpeng finished speaking, Wang Xing laughed angrily: "President Shen, is this what you call a merger? I think it's an acquisition!"

Shen Nanpeng did not answer.

That's really how it is.

"President Shen, I'm not talking to you anymore, I need to see President Ma! I'm going to Hangzhou right now! President Gan! Gan Jiawei! Gan Jiawei!" Wang Xing suddenly shouted.

Two minutes later, Gan Jiawei pushed the door open and entered.

"Manager Gan, you can't do this. You go with me to see Manager Ma. I'm capable, I can do it." Wang Xing's words became somewhat incoherent by the end.

Gan Jiawei glanced at Shen Nanpeng sitting on the sofa and quickly advised Wang Xing, "President Wang, don't worry, calm down, calm down!"

"Can I calm down? Meituan is going to be gone, gone!" Wang Xing said, and then burst into tears.

(End of this chapter)