Chapter 139: The Genius of Freeloaders Xie Jingxing

After taking off his glasses, Yu Nian saw Xie Jingxing's eyes clearly. The sharpness in his dark brown eyes made the traditional gray formal suit with thick winter fabric no longer look restrained and steady.

She suddenly felt somewhat envious of her cousin, who was able to invest in such a good-looking man early on during college.

A few months ago, she heard that Taihe was interested in joining SF Express's private equity financing project. Just as the WhatsApp acquisition case was coming to an end, she was planning to take the opportunity to meet with him.

Taihe, however, gave up on the matter. The reason for this was probably that Xie Jingxing had no intention of taking advantage of his girlfriends, and his subsequent actions proved this point.

Full of vigor, but very naive.

Yu Nian made an assessment in his mind, and tried to remain patient as much as possible before saying, "I believe that Xiyou Capital is strong, and I also believe that Mr. Xie will not think that the funds are too much. After all, you will be competing against high-quality startups like Meituan next."

"Grapefruit Capital is a venture capital firm. We hope to cooperate with all high-quality start-ups. There is no such thing as confrontation." Xie Jingxing gave an official statement without taking it seriously.

“Like Didi?”

Yu Nian pursed her red lips in amusement. Xie Jingxing shrugged and remained silent. She said to herself, "Kuaidi and its investors definitely don't think so. Wang Xing and Meituan's investors should think the same."

"Putting aside our cooperation, I personally admire you very much. If you work in the Internet industry, you must be the best product manager."

She said sincerely: "If possible, I would like to hear your insights on the food delivery industry, which will help us evaluate the investment in Xiyou."

Meituan launched a trial operation of food delivery business, Grapefruit Capital participated in the tens of millions of dollars of financing in Ele.me's Series C round, and Taihe Capital "hostilely acquired" Meituan.

Coupled with the launch of the same-city takeaway business by Taobao during the Double Eleven period, the time sequence of several events happened almost simultaneously.

Smart people in the industry have roughly guessed that Xie Jingxing has set his sights on the food delivery industry. He has led two representative projects in his debut months ago, both of which are very personal. His peers generally agree that if this person personally gets involved, no good will happen.

The most important thing is that he always achieves his goal in the end. Before Tencent acquired WhatsApp, no one could imagine that a domestic company would go overseas and acquire a leading American Internet communications product.

Before Didi and Kuaidi burned a total of 3 billion in cash, no one could have imagined that the size of the domestic online car-hailing market would grow wildly to tens of millions in just a few months, even more exaggerated than Uber abroad.

Based on this, it is almost inevitable that high-intensity market competition will emerge in the food delivery industry, with the market leader Ele.me, the group buying market leader Meituan crossing over, and the Internet e-commerce giant Taobao.

The three seeded players have shown their prowess, and we don’t know how many strong players will come up next.

Bold venture capital institutions and parent funds are eager to get involved, and so is Yu Nian. As long as Xie Jingxing can convince her that the food delivery industry has great potential, China Merchants Capital can give Xiyou Capital more autonomy.

Having said that, she is confident that as the food delivery industry battles, Grapefruit Capital will need the support of investors with state-owned backgrounds such as China Merchants Capital.

If they work together, both sides will benefit and each will get what they need. Why should we let the affair affect our work? At worst, we can just kick Yu Tong out. She's just a woman...

Yu Nian felt that she had made it clear enough, and finally added: "To be honest, I think it is rational for us to cooperate. If you don't have the corresponding ability, you won't meet me in an occasion like today."

Xie Jing Xing was silent for a few seconds, then he laughed and said frivolously: "That's when we meet at your house for New Year's greetings, or when we go to your house to pay respects to our ancestors, do I have to kowtow to your grandfather?"

"..."

Yu Nian was slightly stunned, and her eyes unconsciously swept towards the two male colleagues beside her. No one would mention her grandfather in front of her.

The two male colleagues stared at the table without blinking. There were countless red boys in the financial institutions within the system, but those whose background details were known by their colleagues were nothing.

What's scary is that we all know their female boss has a background, but no one knows what that background is.

"Yu Tong said that when you were playing house as a kid, your IQ was not as high as hers, so you often bullied her because you were a few years older and had more developed bodies. Is that true?" Xie Jingxing continued to ask.

Yu Nian's full chest made his suit bulge out even higher. He forced a smile and said, "You guys go out first." The two male colleagues walked faster than they ran as if they had been pardoned.

The door of the conference room was closed. She looked at him and said with a smile: "You are more childish than I thought."

"First, let's be honest. I don't want your money. It's just that the conditions you offer are not good. If you can't offer a better price, you can leave now."

Xie Jing Xing paused for a moment, looking her up and down with an undisguised look in his eyes as he continued, "Second, clear up those nonsense in your mind about your family background, and don't be so self-righteous."

Yu Nian was so angry that his face turned red. He blurted out, "What qualifications do you have to tell me not to mention my family background? Do you really think you can be so alive and well without anyone coming to you?"

"There are too many women, I don't know which one to take the spotlight from." Xie Jingxing said frankly.

When a company grows to a certain size, it will receive different degrees of care. The financial industry is particularly special, and accepting investment from state-owned mother funds is just one of them.

Party building, united front work, and supervision, there is nothing they don’t lend a hand to, and everyone is enthusiastic about helping companies grow.

Taihe used to do things in a low-key manner, but now Xie Jingxing has jumped up to the sky and has not received any attention from all parties. It is obvious that everyone thinks that this child is strong and can be self-reliant.

We should avoid wasting resources and pay attention to those enterprises that need more help.

That was why Yu Nian had a preconceived notion that Xie Jingxing was childish. Regardless of whether he intended to be a gigolo or not, he actually enjoyed the convenience from his girlfriends.

Grapefruit Capital insists on not accepting investment from state-owned parent funds, and sooner or later the people from the United Front will be the first to jump out and find him.

In fact, as early as when he completed the WhatsApp acquisition, some United Front leaders wanted to meet him and award him a yellow jacket, but were later blocked by a small note from their superiors.

Then, under the premise that Xiyou Capital must accept the participation of the state-owned mother fund, Yu Nian couldn't think of any reason for Xie Jingxing to reject her. After all, they were closer than others.

As a result, this guy said to her that there were too many women...

Yu Nian almost fainted. His chest felt so stuffy that he couldn't speak for a while. His mind was racing, thinking that Zhou Fenglan's family seemed to have no resources in the financial field. Could it be that it was just because other state-owned mother funds were more sincere?

She barely controlled her emotions and ignored the argument, then brought the topic back to the topic, "What conditions did Gusu Yuanhe offer you?"

"You're so used to taking shortcuts, and you still want to leak the bottom line in the bidding?" Xie Jingxing asked instead of answering.

Yu Nian couldn't catch his breath and his voice broke: "Do you think you are bidding?"

"I've just emphasized to you several times that Xiyou is not short of money." Xie Jingxing shook his head.

His strong entry forced Meituan to stop developing its food delivery business. Wang Xing had no choice but to change its strategy, accusing Taihe Capital of "hostile takeover" and clamoring to enter the online car-hailing industry, etc., and successfully attracted the attention of giants from all sides and muddied the waters.

Grapefruit Capital, which was about to start fundraising, benefited indirectly. Suzhou Yuanhe offered 5 million yuan for only one seat in the "Investment Decision-making Meeting", and there were no other additional conditions.

This meant simply making a clay tablet to show to the superiors. Xiyou was still the one who had the final say with Xie Jingxing, but he didn't agree directly and was ready to wait and see.

This woman in front of me keeps talking as soon as she opens her mouth. I think, I think, she is treating like a beggar and only wants a seat on the "Investment Decision-making Committee" for 3 million, and the other conditions are still unclear.

Not to mention that she is Yu Tong’s cousin, even if she is Yu Tong’s biological mother, she should go back to where she came from.

Xie Jingxing considerately gave her a few minutes to accept the reality, breaking the silence and saying: "I'll give you one last chance to organize your words and make the conditions clear all at once."

"5 million, one seat on the investment decision-making committee, one veto power, exit priority, and the total investment in mid- and late-stage projects must not exceed 70% of the fund's total investment." Yu Nian gave the answer without hesitation, as if naming a dish.

Xie Jingxing smiled from the bottom of his heart: "You can say something more beneficial." "The regulatory authorities are discussing the impact of Taihe's 'hostile takeover' on Meituan. We can help you deal with it, but Gusu Yuanhe can't do it."

Yu Nian observed his expression and stressed confidently: "Gusu Yuanhe is a local mother fund after all. Their resources are limited. They can't do many things that we can help you with."

"So the conditions they offer are better." Xie Jingxing did not comment.

Yu Nian was speechless again. A seat on the investment decision-making committee was a must. The veto power would only take effect if Xiyou violated compliance and risk control. Exit priority was a customary requirement for all parent funds.

In short, these are all industry practice templates and there is nothing to complain about.

The problem lies in the last point. Xiyou can only use 70% of the funds in this period to invest in Ele.me, which in disguise limits the intensity of money-burning competition.

Yu Nian was helpless about this. Domestic government mother funds are supervised by the two competent departments of the China Securities Regulatory Commission and the National Development and Reform Commission. China Merchants Capital is directly led by China Merchants Group, while Suzhou Yuanhe is the local government.

Local mother funds have limited resources and similarly fewer concerns, so they don’t need to worry about the competent authorities far away in Beijing.

“There is no fund in the country like you, sitting in the office waiting for LPs to line up for a visit. You are not the emperor.” Yu Nian made a final effort.

Xie Jingxing spread his hands: "Now I have it."

"I may need some time to re-evaluate my investment in grapefruit." Yu Nian slowed down his tone.

Xie Jingxing nodded slightly: "I still like the way you were so unruly just now."

"...Okay, I'll try my best to recover. Then can you tell me about the development prospects of the takeout market?" Yu Nian adjusted his mentality and was ready to swallow his pride.

Xie Jingxing had no objection, since he had to accept investment from a state-owned fund anyway. If the conditions of China Merchants Capital and Suzhou Yuanhe were similar, he would tend to choose the former.

A confused sister-in-law is still a sister-in-law. Sometimes family matters are easier to talk about than business matters. Usually, the founder sits on the fence and waits for investors to bid up the price. Now he also enjoys the feeling of LPs bidding up the price.

The two of them had an in-depth discussion for a long time, and Xie Jingxing taught him everything he knew without reservation. Yu Nian left with great satisfaction.

The unpleasantness was eliminated without a trace and both parties agreed to meet again another day.

"Check what the connection is between Gusu Yuanhe and Xie Jingxing."

While taking the elevator downstairs, Yu Nian leaned against the wall tiredly and drank a sip of water.

The two male colleagues looked at each other, and one of them responded: "Mr. Yu, is there any direction that needs to be focused on?"

"Forget it, no need to check."

Yu Nian changed his mind, and the two male colleagues breathed a sigh of relief.

There were no cameras in the conference room. She had just chatted with Xie Jingxing alone in the conference room for nearly two hours. Who knew whether they were talking about personal matters or just official business? It would be so embarrassing if something was found out.

Yu Nian also thought so. Why could Gusu Yuanhe offer Xie Jingxing better conditions than her? Maybe this guy really has other women.

Compared to his talent in the financial field, this guy is not much behind in the field of gigolos. On the surface, I can't see any special talent...

Yu Nian fell into deep doubt.

…………

"Bad men succeed because good men do nothing - Edmund Burke."

[The fight is earth-shattering, Didi is not afraid of any opponent. 】

"If you're awesome, then use your money to kill me!"

After a whole day of fermentation of public opinion, by the evening, the hot search on Weibo was the famous saying forwarded by Li, the inventor of the "baby bottom" by the financial influencer Internet celebrity, and Cheng Wei took the side and named Meituan in WeChat Moments.

The TV news broadcast Wang Xing's speech with the sound muted, and all parties took their places on stage.

Xie Jing Xing brought the last dish of braised pork to the table: "I haven't cooked for a long time, let me try it and see how it tastes."

"The thick and red sauce is how Shanghai braised pork is cooked." Tang Man, one of the heroines of the script, seemed reluctant to give the director face.

Xie Jing Xing felt annoyed and served her another bowl of rice: "You have good eyesight. I studied in New York and learned from a chef. Can you cook?"

"Fortunately."

Tang Man blinked her eyes, which were swollen from crying, and lowered her head to hide her expression.

Cooking is not difficult. As long as the ingredients and seasonings are prepared in advance, and there is a Michelin chef or the cook at home standing by to remind you of the heat, the braised pork she makes will not be much worse than the one in front of you.

Anyway, Michelin chefs and staff from the culinary academy all praised her cooking skills as excellent.

Xie Jingxing took off his apron: "Red wine, yellow wine, or sweet white wine?"

"All is fine." Tang Man looked like he was determined to do something bad.

"I met a second-generation official this morning, and she didn't even take me seriously."

Xie Jingxing poured himself a glass of sweet white wine: "I, Xie Jingxing, am the villain that the entire venture capital circle is chasing and scolding. I will never accept this injustice. I will scold back on the spot."

"and then?"

Tang Man perked up a bit and just cursed back on the spot. The second-generation official's back was probably as high as the sky.

Xie Jingxing placed three bottles of red, yellow and white wine in front of her in turn: "She admitted to me her self-righteous mistake. She thought I had no choice."

"...That's good. At least you are willing to admit your mistake." Tang Man picked up the sweet white wine and poured it into the glass.

Xie Jing Xing raised the ice bucket in his hand and said cheerfully, "Would you like some ice cubes?"

"it is good."

Looking at Xie Jingxing, who was dressed in light grey loose casual clothes and looked like a boy next door, Tang Man's eyes flashed with realization, and she suddenly remembered that he was only 22 years old.

She looked at his face and asked, "And then, have you forgiven her?"

"I can't say I forgive her. After careful analysis, I think it would be in my best interest to give her another chance, so I asked her to go back and think about the terms before discussing cooperation."

"What conditions do you think she will offer?"

“It depends on what I want.”

　Send first and change later
　
(End of this chapter)