"???"

Cheng Congbin, who thought he was sure to win, was stunned.

He glanced at the other person coldly with a sinister look.

"Mr. Jiang, I advise you to think carefully before you speak."

The one who publicly raised objections was AutoNavi co-founder and group senior vice president Jiang Derong.

This surprised everyone present, including Xiao Jun, because before this, Jiang Derong's position had always been firm.

Although he does not directly hold shares in the company, he also has option rewards, and this part of the promise will be fulfilled when the company goes public.

Cheng Congbin and Hou Jun both come from a finance background and don’t know much about technology, especially when it comes to the company’s specific business.

Normally they rely on Xiao Jun and Jiang Derong for management, so they try very hard to win him over. Now that he has defected, everyone's plans are disrupted in an instant.

Xiao Jun was no less shocked than anyone else.

He knew better than anyone else who Jiang Derong was.

From the day he joined the company, he became a key chess piece used by other shareholders to check and balance him.

Through private communication with Hou Jun, this point was further confirmed. Once he resigned, Hou Jun would become the chairman of the company, Cheng Congbin would be the figurehead, and the actual operations would be handed over to Jiang Derong.

Considering the option awards, he had no reason to stand up and object.

There must be a demon in the abnormal situation.

Hearing Cheng Congbin's doubts, Jiang Derong changed the subject and said, "Didn't Mr. Cheng notice that the people from Aomai were not present?"

"Hey, where's the representative from Omai?"

"What happened?"

The remaining venture capital firms looked at each other in bewilderment. Chen Hao even searched carefully in the crowd, but couldn't find any familiar faces.

A feeling of uneasiness was brewing among the crowd.

Cheng Congbin pretended to be calm, "Don't be mysterious, the representatives of Aomai may have been delayed by other things, and how many shares do they have?
Even if he doesn’t come, it won’t affect the overall situation.”

Jiang Derong laughed and pointed at the people present, "Boss Cheng, did you forget something? Including you, the total number of voting shares does not even exceed half.

Do you think I'm right, Mr. Hou?"

Hou Jun suddenly woke up and said, "Yeah, I haven't voted yet."

"Old Hou, what are you waiting for?"

Cheng Congbin, who suddenly felt something was wrong, said sternly, "Don't forget, once Xiao Jun leaves, you will be the chairman of the company!"

Then he leaned close to him and whispered, "Old Hou, after so many years of friendship, you won't set me up at this critical moment, right?"

"I, I'll think about it again."

Hou Jun had a conflicted look on his face as he looked at this and that.

Finally, he fixed his gaze on Xiao Jun's face and murmured, "So this is your trump card."

Who would have thought that the venture capital firms, which were once a rock-solid foundation, would be the first to run into problems?

These people are wearing the same pants!
Look, even Lian Xiang is actually no different from American capital. Sequoia, Kleiner Perkins, and Walden are all branches of American capital in China.

This is also the reason why Cheng Congbin has the confidence to compete with Xiao Jun. With these people supporting him, Xiao Jun will have no chance of success.

Hou Jun also understands the benefits of the free model, embracing customers, and using Internet thinking to transform the company. If successful, AutoNavi will break out of the current single and limited market with fierce competition.

Not only is the future bright, but it is possible for the market value to reach tens of billions in the future.

If you don’t change, you’re waiting to die.

Because there is a more powerful giant outside the market that has set its sights on the personal navigation market.

Although the Qingyun system cannot compete with the BAT for the time being, it currently has a strong development momentum and a solid foundation. In the food delivery and express delivery track, it is not only on par with the Ali system, but can even suppress it.

Not to mention Pinxixi, which relies on the sinking market in towns and villages and the group buying business in cities, with daily sales exceeding 100 million, and is showing a trend of becoming the fourth pole of China's Internet circle.

Although he had never met Mr. Li in person, he had heard from others privately that he was an extremely strong person, who was ruthless and would not give up until he achieved his goal.

Yes, he doesn't even take the Alibaba Group seriously, so naturally he won't be afraid of the forces behind AutoNavi.

Judging from what Xiao Jun relayed, Qingyun Group’s positioning in the personal navigation market is absolutely an indispensable strategic link in the future development of the group.

Even without AutoNavi, there is still Daodaotong. These shareholders may be able to maintain control of AutoNavi in ​​a short period of time because they just need to drive Xiao Jun away.

and then?
Will they invest hundreds of millions of dollars to build an industry moat for AutoNavi's future?
Will they give up their current annual net profit of tens of millions of dollars and the temptation of cashing out huge profits after the upcoming listing?
Will you spend a few hundred million more dollars to engage in a free price war with Qingyun?

These are all impossible things!
If it were possible, the venture capital firm would have accepted Qingyun’s request for investment long ago, and would not have delayed for more than two months without giving a response.

When these questions popped up in Hou Jun's mind, he already had the answers in his heart, but he had never been willing to admit it before.

Capital has always been about profit.

If he were standing in Cheng Congbin's camp today, he could already foresee the future of Gaode closing down tomorrow.

Because capital will not invest a penny more in a market that is destined to lose money.

As long as Li Zehua acquires Daodaotong, or even any of the other eight companies, and starts a free model to impact AutoNavi's main business, that will be the beginning of capital withdrawal.

There won't be any surprises!
"But even with my shares, it's not enough to gain an advantage."

Hou Jun felt his mind was in a mess. He needed to calm down and think seriously, but the chaotic situation would not give him any time.

"Mr. Hou, Mr. Li asked me to tell you something. We are all Chinese and our roots are always here!"

Jiang Derong walked up to him at some point and whispered, "No matter how high AutoNavi develops in the future, Mr. Hou will always have a share of the profits."

After he finished speaking, he ignored the angry stares from other shareholders and added, "Mr. Li said that after he takes control, he will leave 15% of the option reward pool for AutoNavi.

Mr. Hou is a smart man and should know that going public is no longer possible. Instead of holding on to shares that will soon become worthless, it would be better to get a few percent of the hundreds of millions of users in the future.

If Mr. Hou doesn't believe me, this is Mr. Li's phone number. You can ask directly about some things. It's up to you whether to call or not."

As he spoke, he handed over his phone. On the page was Li Zehua's phone number, but it had not been dialed yet.

Hou Jun subconsciously held the phone in his hand, he knew it was time to make a decision.

But, it’s so difficult!

Especially when being watched by so many people at the same time, including friends I have known for more than ten years, as well as big venture capitalists who can shake the world with just a stomp of their feet.

How to choose?
Cheng Congbin was almost mad with anger. Ever since Qingyun Group contacted AutoNavi more than two months ago, he had not had a single day that went his way.

Yes, the reason why Gaode is what it is today is that Xiao Jun used his connections at Zhongxin to raise funds bit by bit.

It is the market share that the management team has built up bit by bit, including building a technical team, obtaining Class A qualification licenses, and core technological advantages.

Even in the surveying and mapping work, everything required for software and hardware upgrading, Hou Jun and I rarely participated.

But this is definitely not the reason why Xiao Jun intends to introduce Qingyun, abandon the in-car navigation market, and shift the company's strategic focus to the personal navigation market with an uncertain future!
Crazy?
Instead of doing a good money-making business, they are dreaming of entering the thankless personal market, and even hinting that it is completely free?

In his eyes, in the eyes of venture capitalists, this is simply heresy and unforgivable!

AutoNavi is about to go public, with expected earnings several times higher than expected. However, it is now turning to the free personal market, and the payback period is nowhere in sight.

And we have to continue to make big moves and huge capital investments. Isn't this a disease?
As for the idea of ​​having hundreds of millions or even billions of users in the future, they think it is complete nonsense.

Does a company that does map navigation have such development prospects?
Anyway, in 09, they could not see so far into the future, and they would not have known that after the giants entered the market, they would turn map navigation into another traffic entrance for the Internet.

They only see that the profits that have multiplied several times are about to go down the drain.

Therefore, Cheng Congbin and venture capitalists strongly opposed it.

"Stop talking nonsense, we have the upper hand now, let's get these people out first."

In critical situations, there are also wise people in venture capital. Even if Hou Jun did not vote and the representatives of Aomai were not present, their shares and Cheng Congbin's combined shares would be around 40%, more than Xiao Jun's.

"We also need to grab the official seal."

Cheng Congbin reacted and said, yes, they have more shares.

Hou Jun was slow to express his opinion, and he was afraid of accidents, so he immediately added the key sentence.

For a moment, the scene was in chaos!
The venture capital CEOs brought a lot of people with them, and together they have more people than Xiao Jun. They already have the advantage in voting, so the only way is to take the opportunity to drive the other party out completely.

Xiao Jun is no pushover either. He is determined to fight back today and has no intention of letting things go peacefully.

The worst outcome originally envisioned, of being removed from all positions by an absolute majority vote, did not occur. Hou Jun was hesitating, but he did not say he would abstain from voting.

So legally speaking, he is still the chairman and president of the company and has sufficient confidence to reject all unreasonable demands.

"Let's see who dares to come up!" At this time, the backup plan that Li Zehua had arranged in advance finally came in handy.

These venture capitalists usually live a life of luxury, and even if they exercise, they are still scary.

How could they compare to the four professional veterans who faced the rushing crowd and attacked fearlessly.

The movement was like a tiger rushing down a mountain. In less than a round, several of them were lying on the ground.

No kidding, the physical fitness and combat proficiency of both sides are completely on not the same level!
The special warfare brigade of the Governor's Office trains not just for show, but to deliver a deadly move, specifically targeting the weak points of the human body.

You should also hold back, otherwise there would be a few more disabled people on the spot.

"It's fake, right? Are you filming a movie?"

A venture capital manager who braked in time saw the miserable state of his colleague in front of him and swallowed hard.

Too exaggerated?
As soon as they met, he swung him up and smashed him to the ground like a chicken. Now he was rolling on the ground holding his head, wailing.

If I were to be attacked by him, wouldn’t I cry for a long time?

I was so panicked that I didn't dare to move at all.

"Call the police, call the police!"

Chen Hao really howled, "You are committing violence and injuring people in broad daylight, and openly trampling on the company's charter. Xiao Jun, you are heading towards a dead end."

In the chaotic scene, Xiao Jun no longer cared about the other party's identity and responded tit-for-tat: "Go ahead and report it. It disrupts the normal operation of the company. Let's see who they will arrest when they come."

"Don't f*cking think you have someone behind you. He's in Yanjing and means nothing."

"You figure it out."

Xiao Jun sneered, "Oh, yes, you are really nothing.

But you'd better think clearly about why I'm here today. Do you want to make a bet on how many of the accounts here are the messes you made up?"

Having been in charge of the company for so many years, how could he not know the inside story? To put it bluntly, if we really investigate thoroughly, none of these people will be able to escape.

Some people are indeed frightened. The market for in-car navigation is so small, and outsiders are not aware of the inside stories involved. Don’t they know about it?
But the more this happened, the more people wanted to take risks. "You said you would check it? Now you are no longer the chairman and president of the company, you are not qualified to check the accounts!"

"You said it's not the case?"

Before Xiao Jun could speak, Hou Jun suddenly came in from the door and said loudly: "Counting my vote, it seems that Mr. Xiao is the majority."

"what?"

Cheng Congbin was completely dumbfounded. He didn't even care where Hou Jun had gone or why he suddenly came in from outside.

His mind was full of only one thought at this moment, stopping him, "Are you crazy?
What good will it do you to support Xiao Jun? "

"Benefits? I'm willing to do that, okay?"

Hou Jun smiled and greeted Xiao Jun from a distance, "I, together with Mr. Xiao, hold a little more than 49% of the total shares. I wonder if this is enough?"

With his statement, the venture capital side was completely confused. They saw Shen Nanpeng making phone calls non-stop. Who was he calling?

Representative of Omai.

However, the phone was always busy and the other party actually blocked him at this critical moment.

Shen Nanpeng glanced at Hou Jun hatefully, then turned his gaze to Jiang Derong who was pretending to be fine. The latter even had the leisure to give him a bright smile.

This made him very angry, but fortunately his brain reacted quickly, as if he thought of something, and he took out his cell phone and called someone again.

This time the call was connected quickly.

"Boss Shen, has the matter been resolved? Is it going smoothly?"

"Boss Li is very clever!"

Shen Nanpeng was almost gritting his teeth in hatred, but the situation was stronger than him and the other party's methods were more sophisticated. Unknowingly, he persuaded Hou Jun to cast the crucial vote.

I don't know what method was used to make Aomai disappear temporarily. Now, Mr. Cheng and the venture capital side have less than 47% of the remaining shares and are no longer able to remove Xiao Jun.

"No way, didn't we learn this from Mr. Shen? We want to take over Xixi's shares, and we also want to restrict Qingyun Group from entering the AutoNavi board of directors.

I still don’t understand, Mr. Shen doesn’t seem to think highly of me?”

Li Zehua was also very puzzled. He had planned to give up some of his interests to win over Sequoia, and the other party had agreed. But at the critical moment, it was him who colluded to suppress the Qingyun faction's entry.

But Shen Nanpeng didn't need to explain to him.

At this time, he had regained his sanity and sneered: "Is there any point in saying this now?
But Mr. Li, don't laugh too soon, you don't even own more than half of the shares yet."

"is it?"

Li Zehua seemed to have just learned about this, "Oh, I forgot to tell Mr. Shen that I have already obtained the shares of Aomai. Why, didn't Mr. Jiang tell you?

Yes, I am just a small shareholder holding less than 5% of the shares and I don’t have a seat on the board of directors. It is indeed not easy to ask Mr. Jiang to explain for me.

How about you guys stay in the company for a while, Mr. Shen? I'll fly over right away and explain it to you in person?"

The slap in the face came so quickly that Shen Nanpeng was speechless. It took him a long time to recover. He almost gnashed his teeth and said:

“Even if you have more than half of the shares, you will never be able to manipulate the company’s board of directors.

We hold more than one-third of the shares and have a veto over any key decision.”

"Oh, then just wait. I'm not in a hurry."

Li Zehua's tone became increasingly gloomy, "But you'd better ask Mr. Cheng to see if he has forgotten something.

Of course, if you don’t mind, you can also give him the phone. I’ll give you the answer in a minute at most.”

The more Shen Nanpeng listened, the more he felt something was wrong. His eyes flickered back and forth over Cheng Congbin, who was puzzled by his gaze until he opened his mouth and wanted to ask a question.

Shen Nanpeng suddenly handed over the phone, "Li is looking for you."

Cheng Congbin was completely confused, but he had no way to refuse as so many people were watching him.

But as soon as he took the call and heard the other party's first words, his face became increasingly gloomy, and water almost seemed to drip out of it.

Others were wondering what was said on the other end of the phone.
But Cheng Congbin said nothing the whole time, only occasionally saying, "Hmm~"

Such words.

No one knows exactly what happened.

All I know is that Cheng Congbin hung up the phone and glanced at Xiao Jun. I could feel that he was unwilling at this moment, but helpless.

"You win. The shares I have are yours."

After saying this, he slammed the door and left without even looking back.

Shen Nanpeng stared at the phone in his hand that had not yet been hung up. He tried hard to control his urge to ask questions, but in the end he couldn't control it.

I asked desperately, "How did you do it?"

"That's it. I just told him that in my hands, Gao De will soon become worthless."

Li Zehua was laughing the whole time, but suddenly his tone changed, "You're making a fool of me, right?
You accepted my promise and agreed to give you shares in Pinxixi, but then turned around and took the lead in preventing me from investing in AutoNavi. That’s not bad.

Isn't it just more than one-third of the shares? Now, come on, tell me where one-third is.

Mr. Shen, you are playing tricks on me, right? I will have fun with you from now on. I said, everything at Gaode will be free from today on!
In the next ten years, there is no plan to go public. There is only investment but no dividends. Everyone can invest in proportion and lose money. I am prepared to lose 10 or 800 million for fun. Let's all mess it up together."

He was really angry. These venture capitalists had tricked him for no reason. Even he wanted to do so. In order to stand up for Jack Ma, he accepted it.

But there is no reason for Sequoia to take the bribes and not do the job.

just disgusting.

But Shen Nanpeng felt even more aggrieved. Is that what you call giving benefits?
He only owns 2% of Pinxixi's shares, and there is no plan to list it in the United States. How can he make any money from it?

He saw that Li Zehua himself attached too much importance to map navigation, although he didn't quite understand the specific inside story.

But as long as he can control the Gaode card well, he can influence the future of Qingyun system.

This is just a simple flex of muscle to let the other side see who is the real boss. In the future, Gaode will be used as a bargaining chip, and it will be constantly under control, slowly planning to complete the all-round control of the Qingyun system.

It is even possible to kick out this founder with a strong personality and attitude one day.

But the opponent was so stubborn that he played such a big game and turned the tables.

He regretted that he had underestimated Gao De's position in the other party's mind. If he could do it again, he would definitely try his best to stop the other party's plan.

However, he made a mistake and lost everything. Now, he is powerless to turn the situation around! (End of this chapter)