"...Boss, the negotiations with the three major operators were almost over, but China Unicom suddenly showed up and made new demands, disrupting the entire plan."

Wu Yibin was very tired. In order to develop WeChat technology, he traveled all over the country, met with various powerful people, and made many promises and resources just to gain wider support.

The most important thing is the three major operators. As long as they do not object, WeChat Technology will be half successful.

However, the results of the long-term negotiations between Qingyun Electronics and China Unicom Investment Holding Group Co., Ltd. were almost lost when Wu Xiaoqi, president of China Unicom Investment Holding Group, suddenly turned against him.

China Mobile already had a lot of complaints about Qingyun WeChat Technology because of the Fetion issue, but it was only forced to do so due to pressure from above and Qingyun Group's promise to sell 6% of its shares (not held by the fund) at a low price.

It was a temporary compromise that Qingyun gave 5% of the WeChat shares to the owner of Meizhuang, but in the form of holding industrial funds, he only enjoyed dividends (all share rights were entrusted to the fund to exercise on his behalf).

It sold for US$10 billion, and the 6% stake given to China Mobile was only US$4.2 million, 3% stakes to China Unicom and China Telecom were each priced at US$2.7 million, and the remaining 8% stake given to the State-owned Assets Supervision and Administration Commission was priced at the same price.

This special share allocation plan was a mutual compromise reached after several rounds of negotiations. According to the plan, before WeChat Technology goes public, Qingyun Holdings will only retain 10-15% of WeChat shares.

The State-owned Assets Supervision and Administration Commission, the three major operators and the three major security funds will directly hold about 30% of the shares, and the remaining 55-60% of the shares will be held entirely by Qingyun Industrial Fund (a subsidiary of Qingyun Investment).

Investors can only hold shares in WeChat Technology through Qingyun Investment, and in theory only have the right to dividends and the right to redeem at the current market value, while Qingyun Investment performs its duties in accordance with the agreement.

It will be managed by the management team personally appointed by Li Zehua. It is nothing more than transfer from left hand to right hand. As long as he firmly controls the management rights of Qingyun Investment, he can firmly control all the rights of his subsidiaries.

Other companies will follow similar procedures in the future. Temasek has also agreed to convert the direct equity of its subsidiaries into shares of the industrial fund of Qingyun Investment's subsidiary and enjoy special protection rights.

The mobile management team compromised reluctantly by directly controlling WeChat shares and investing a portion of the company's funds to buy shares of industrial funds, thereby enjoying the double dividends of WeChat's technological development.

Allowing WeChat Technology to continue to use its voice chat and video call functions has had a huge impact on the mobile phone call business of telecommunications operators, causing many complaints from all levels.

It is extremely difficult to promote.

Fortunately, Qingyun Electronic Technology's business entered the market in time to fill the gap by developing more smartphone users, especially in the college student market, business office field, and new rural markets.

Create greater benefits, especially in monthly data packages, to make up for the losses in mobile phone text messages and call services, and effectively help the three major operators promote progress in 3G business.

After comprehensive evaluation based on scientific calculations and data models, the revenue from monthly data packages will be sufficient to surpass the scale of call and SMS services in the future, so the three major operators have made certain concessions.

"You don't know that when Mr. Wu Xiaoqi came up, he started to criticize as if he had taken bullets. His words and deeds all said the same thing: China Unicom got too little share and it was not enough to protect its interests.

They also questioned the sincerity of the company, saying that the industrial fund shareholding model that only takes dividends is damaging the rights and interests of investors behind the operator, and demanded that it be allowed to directly invest and enjoy voting rights..."

Wu Yibin flew directly from Yanjing to Chengdu. That night, he complained to Li Zehua in the villa. He even ignored the resentful expression on Fu Yujie's face when she appeared there.

“The road to learning from large foreign funds, dispersing equity to share development results, and attracting more allies of interests is bound to be tortuous and difficult. I have long been mentally prepared for this, but I will persist in doing it no matter how difficult it is.

No matter how powerful Qingyun's power is, it has its limits. When faced with collective pressure from the country or a certain class, we don't even have a chance to resist.

However, once Qingyun Investment Fund is established, it will always represent the interests of a small group of people who control resources for several lifetimes, similar to BlackRock, Vanguard and State Street.

By expanding the employee shareholding, and winning over the core interests of the vast majority of people in the industry ecosystem, representing millions or even tens of millions of people, all competitors will be deterred.”

Li Zehua still had the leisure to comfort him: "Don't worry, the sky won't fall, take your time, the time the group needs now is crucial.

As long as you build up your foundation and become stronger, you won't have to worry about any enemies."

Then he asked Fu Yujie to sit down, and sent someone to invite Wang Fei over. In addition, Guo Xinyi, the president of Qingyun Electronics, had just got off the plane and was on his way...

After everyone was present, he slowly spoke, "It seems that the affairs of the People's Livelihood Department have not been handled properly. That Mr. Wu is relying on his status to make trouble everywhere."

Wang Fei and Guo Xinyi knew all the inside story. Wang Fei glanced at Zhang Tao who was standing silently beside him and whispered something to him. The latter nodded and went upstairs to get the information himself.

Li Zehua's voice continued, "...Perhaps the loophole that Dingguo exposed is far more than what Zhongxin Group Chairman Kong Cang said last time.

7 million US dollars were invested, but not a single ripple was created. The water is too deep and can drown a dragon. There is only one reason why Wu Xiaoqi jumped out to criticize, and that is that the situation is obviously more serious than we expected!

This is far from a problem that can be solved by $700 million. Damn it, if I had known this, I wouldn't even pay this much money. At most, I would let them stick together and die together with the people's livelihood department!

Xiao Guo, I remember that when you were still working at the group headquarters, you were responsible for investigating the personal network and actual operating conditions of various companies in Shanghai. "

Guo Xinyi nodded and said, "When I go to Electronic Technology, I will hand over everything to Assistant Wang."

"I've asked Mr. Zhang to pick it up."

As he was speaking, Zhang Tao went downstairs, put the data stored in the read-only hard drive into a special device, and took it out.

Wang Fei got permission and stood up to give a brief description of the information, "...The Wu family's prosperity is mainly attributed to this young Mr. Lu. Of course, Wu Xiaohui's marriage itself is also very important.

In China, no one can ignore the influence of this leader from Sichuan Province, plus the power that Mr. Xiao Lu represents...

This established Dingguo Insurance Group's special status in Shanghai. Whether it was SAIC Group or Standard Group...

Especially the current governor of Magic City, who had worked with that person in Kangx Group, so it can be said that they have a close relationship...

Chairman, this is the end of my introduction.”

“No wonder he was able to contact Chengdu Baihua Bank, but how could he be linked to Jiankang? Was it after the Energy Department got involved in the fund transfer, or were the two parties connected before that?
It is no wonder that Haihang played more lavishly and made more noise, but was not completely liquidated, while Dingguo was only worth one trillion and could have continued to play, but was urgently cleaned up..."

Li Zehua was pondering in his heart. He didn't speak, and no one else dared to continue speaking.

After all, even if you were tied up and drained of blood, you would not be as bright and red as a single hair of others. Some things are destined to be in your body from birth, and you can never reach that level even if you work hard all your life.

"Sorry, I just got distracted."

After a long time, Li Zehua, who had sorted out his thoughts, laughed and said, "Since we haven't received even a hint yet, it means that they don't value this relationship at all. Maybe they just treat it as a training for the younger generation at best.

Without the support of the Shanghai government, they can't cause much trouble. As for China Unicom, let it be. Anyway, Tenda is also actively contacting them. Maybe the two companies have already reached an agreement privately."

"This possibility cannot be ruled out."

Wu Yibin has a lot of experience and a deeper understanding of the problem. "Wu Xiaoqi alone cannot persuade a large group to make an overall strategic shift. We should clarify this now.

Does China Unicom intend to take advantage of the opportunity to ask for more, or does it have no intention of continuing to cooperate with the group at all?

The key is what position the Magic City government takes on this matter. They say they won't say hello and won't take sides. What if something goes wrong and they say they misinterpreted the meaning? "

Guo Xinyi had dealt with the head of China Unicom several times. Both sides had extensive contact in attracting new smartphone users and contract phones. After thinking for a while, he said, "I should prefer the former.

The top management of China Unicom still has high hopes for the cooperation. The chairman has repeatedly praised Qingyun's channel expansion capabilities and the industrial fund shares it gave up in public.

Many people have already been deeply tied to the interests of the group. Even in the seemingly serious business cooperation, it is profitable for China Unicom and themselves. I don’t believe anyone can afford a higher price.”

“As for money, maybe not much can be exceeded.

But what if it's the other way around?

Don’t forget that they are also members of the distribution. Don’t think that just because they are listed in the market, they can be regarded as business partners.”

Li Zehua is very disgusted with the behavior of being both a referee and an athlete participating in the competition. As long as he faces them, there is no operability at all.

We also have to be wary of others changing their minds at any time. For example, right now, what they are pursuing is something that Qingyun cannot afford and is not qualified to give. If they cross the line, the consequences will not be something Li Zehua can bear.

"What should we do? We can't say that all the hard work of a whole year has gone to waste, right?" Wu Yibin cursed for a while before saying, "Fortunately, the telecom company doesn't have more chips to exchange, so we can hold on for now. Otherwise, if the three companies turn against each other, it will be difficult to deal with in the future."

“It doesn’t matter. If China Unicom doesn’t want to cooperate, then let it be. We can report to the higher-ups and say that Qingyun is willing to cooperate with China Mobile and China Telecom in going overseas, and both parties will establish a joint venture company.

Invest in the telecommunications industry in Siam, Malaya, Indonesia and other countries in Asia, Africa and Latin America.

And ask China Mobile to come forward and start negotiations with Nokia. If this big piece of fat meat is negotiated, whether it is commercial benefits or other resource gains, it will be enough to impress China Mobile's top management."

Rather than leaving it to Li Bancheng to invest in the future, it would be better to take advantage of the time difference and introduce Dongda Capital in before Youtai Capital and Xiangjiang Capital have time to intervene.

As the saying goes, good things come to those who are lucky. During this period, the main goal of Squid Capital was to completely defeat European capital and then take control of the European economic dominance.

By the time they have time, international hot money is cashing out at high levels and is preparing to go on a final spree in the stock and property markets. These are major trends that cannot be changed by individuals.

The inflow and outflow involved more than trillions of funds. No matter how big and powerful Squid Capital was, it would not dare to turn its back on it completely before 14 years ago. The game always takes a long process.

The huge profits need to be cashed out and moved away bit by bit, just like the chicken in the basin they set up, which started in 79, and they barely reached an agreement in 85, and finally reaped the rewards in 90.

The same approach was taken with Europe. The plan was started in 93, and in the middle of the process, the British capital was half-crippled. It then took another ten years of hard work in the five European pigs, including Greece and Ireland, before Germany and France were gradually brought into the fold.

The European debt crisis broke out in 09 and had not yet come to an end in 19. The intensity of the counterattack from European capital also made Squid Capital want to give up at one point.

In the end, it was Squid Capital that seized the opportunity and promised Big Goose a bunch of unrealistic preferential contracts, luring it to act in the East. It took 14 years to plan and 22 years to reap the rewards.

The industrial bases of Germany, France and other countries were destroyed in one fell swoop, and the cheap energy from Eastern Europe was cut off, thus completing the complete harvest.

The traditional tactics of dividing and conquering, luring with benefits, relying on internal compradors to lead the way, and letting the mold take over if they don't obey, Squid Capital played it very well, but they deserved their bad luck for encountering a time traveler.

This is the advantage of being able to see through the cards in advance. As long as Li Zehua continues to be successful, the more resources he can bring out, any little bit of it will be enough for everyone to scramble for.

It is enough for him to jump back and forth among many forces, providing ample space for him to grow and develop.

"As long as the demons don't intervene, the group will have room to maneuver."

Guo Xinyi thought about the worst possible scenario, "Even if China Unicom tears up the signed documents, at most it will lose a few million units of sales, compared to the 2500 million units of orders estimated by Roewe Electronics.

It is still within an acceptable range.”

Fu Yujie couldn't help but frown, "But the expansion of the factory has already begun. Temporary consideration of risk reduction is likely to cause adverse effects locally."

He also looked at Li Zehua specifically, wanting him to come out and say something.

I couldn't help but complain in my heart that the leapfrog development of Chaoxu and BYD caused an earthquake in the industry. No one expected that the two companies, which advanced and retreated together, would have operations in ten provinces across the country in one go.

Thirteen production bases are being invested in and built. With Guangdong Province as the base camp, Shenzhen, Dongguan and Yangcheng are naturally not absent.

Others include Zhengzhou in Henan Province, Huanghai in Shandong Province, Lushun in Liaoning Province, Gaoguan'an in Qin Province, Rongcheng in Sichuan Province, Xingcheng in Hunan Province, Jiangcheng in Hubei Province, Gusu in Jiangsu Province, Feicheng in Anhui Province, and Yongcheng in Zhejiang Province.

If the plan goes ahead smoothly, by the end of 13, Chaoxu Electronics and BYD Electronics will have a workforce of more than 200 million and 120 million respectively, with annual output values ​​exceeding billion yuan each.

Such a leapfrog development carries huge risks and has sparked huge debate within the group. Investment is secondary; the most critical issue is the changes in the overall layout of the industrial chain that it will bring about.

Because the group focuses on localizing all parts and components, while catching up in technology, it also has to pursue scale. Some companies with poor risk resistance cannot withstand any turmoil.

Once an accident occurs, it is likely to bring down the entire industrial chain.

Li Zehua gave her a reassuring look, coughed and said, "Of course there are risks, such as the group's plan to update the mobile phone operating system and replace domestic chips.

Will it lead to counter-sanctions from Google and Qualcomm, affecting the group's overseas sales?

In the short term, no.

Because the global standards for Android and Qualcomm chips have not yet been successfully established, they have to face challenges from countless competitors such as Nokia, Motorola, Microsoft, Sony, Toshiba, and HiSilicon.

Qualcomm has no reason to blame us. It is not willing to let SMIC manufacture for it, but its foundry companies will never be able to complete the company's orders in the next few years even if they work themselves to death.

It can't be produced, and you're not allowing me to find new partners in another way?"

At this point, he lit up a cigarette and puffed out smoke to help him concentrate more. "The profits from tens of millions of chips every year will blind Qualcomm's shareholders and investors, making it difficult for them to give up Qingyun easily.

As long as the group can hold Qualcomm back, it will be halfway to success.

As for sales, you don't have to worry. The group is further strengthening the construction of overseas expansion channels. In the next year, more than 20,000 channel builders will go abroad to open up new markets.

Even if each person only brings back a few hundred thousand orders, the total will be enough to cover the further expansion of the OEM business capacity.”

After stabilizing the internal situation, he immediately said to Wu Yibin: "You are responsible for continuing to lobby China Mobile, and Mr. Fu, you will cooperate with Mr. Guo to negotiate with China Telecom.

As for China Unicom, I plan to go to Yanjing in person tomorrow. The higher-ups are more interested in the overseas expansion of Internet finance, so I can take this opportunity to resolve the conflict.

I still can’t believe that such a big cooperation project would fail because of the interference of a few people.”

Wu Yibin sighed, "This is the only way for now, but does Rongcheng Baihua Bank need to make preparations in advance?"

"Wang Fei, you do it."

Li Zehua said unhappily: "It's no good to get too involved in local affairs. Let them play their own games. Just don't come to provoke the group and say hello to the Rongcheng government.

If we remove Baihua Bank from the list of cooperative financial institutions, it will almost become someone else's money bag. It's such a waste!"

What else could Wang Fei say? He could only do as he was told unconditionally. Baihua Bank was originally the core financial service provider that Sichuan Province had been looking for for the group. Only by respecting local interests wherever they went could they cooperate better.

It's all about human relationships and resource exchange.

"But Liu Yonghao, the chairman of Hope Group, has already met with you several times. We originally planned to meet tomorrow night to discuss cooperation with Minsheng Group. Please take a look."

“I hope the related loans of the three brothers are not fully covered by additional credit from Bank of China and Industrial and Commercial Bank of China?”

Li Zehua asked curiously, "Besides, I have also agreed that the Minsheng Group will also follow the industrial fund shareholding model. I welcome the Hope Group to continue holding shares, and Mr. Liu himself can serve as the group's vice chairman."

"The key point is what you said, that the Minsheng Group will no longer provide loans and credit to related shareholders in the future. I hope that the Group has some problems in its operations and urgently needs funds to tide over the difficulties."

Wang Fei explained: "Director Liu hopes to get your support to restore the credit line in the Minsheng Department."

"The future main business of the Minsheng Department will be for small and medium-sized enterprises. This is a matter of principle and will not change."

Li Zehua refused without hesitation, but he still needed resources from the feed, mining, and power industries. After thinking it over for a while, he said:
"But I can help him contact Xingcheng Bank and Pudong Development Bank. If necessary, I can use our cooperative projects as collateral to help him."

There is gain only when there is sacrifice. Liu Yonghao is at least down-to-earth in business, which is completely different from other people in the Taishan School. He especially hopes to take deep roots in the fields of agriculture, mining, energy and so on.

Within the Minsheng faction, the Federation of Industry and Commerce also needs heavyweights to cheer for him, and externally, Dingguo’s special influence in Sichuan Province requires someone to resist.

A temporary settlement is more conducive to the group's next plan. Li Zehua made an appropriate compromise and said, "I'll arrange a meeting tomorrow morning to stabilize him and avoid a fire in the backyard..."

It's getting late, you guys should go to the villa next door to rest, and remember to give me a complete plan tomorrow."

After everyone left, he picked up Fu Yujie and said, "I'm tired. You can freeze by yourself tonight." (End of this chapter)