490 Falling into a Well
After hanging up the phone, Boss Ma's leisurely voice came from behind Cai Chongxin: "David didn't agree?"
Cai Chongxin smiled and said, "Of course he doesn't agree, but ofo is already heavily in debt and the capital chain will soon be broken. Only when we take over can we revitalize this game of chess."
Ma Yun nodded and said, "Actually, if Toutiao hadn't entered the shared bicycle field as big as Toutiao, we wouldn't have had to do this."
ofo has basically controlled half of the domestic shared bicycles. If Masayoshi wins over Son, it will basically form a monopoly. Even if Toutiao is not convinced in the future and wants to challenge it, Alibaba can avoid its edge and use Masayoshi Son's funds to fight it.
But David and others' management teams were too tricky and had too many problems. Masayoshi Son eventually gave up on investment. If so, Alibaba will not only suffer heavy economic losses, but also have a part of the payment part taken away by Tengxun or Toutiao. This is unacceptable for Alibaba, which has been attacked by Taobao business.
Nowadays, Alibaba can only take over ofo, so that it can continue to maintain the payment habit of tens of millions of people. However, the price of taking over is to fill in the pit for David's radical policies, such as deposits, loans, etc.
Cai Chongxin said: "I hope David can get to know the problem earlier now, otherwise, I don't know what the shared bicycle market will become?"
After the subsidy ofo became smaller, Mobike began to rework, and Tengxun also began to provide traffic. Needless to say, Toutiao was also getting bigger and bigger. If Alibaba, David and others were wasting several months of time for the management rights of ofo, then don’t bother. In a few months, ofo’s market would probably be gone.
Ma Yun said: "Don't waste time. David did not agree to our conditions within ten days. He immediately applied to the court for freezing all of ofo's bicycles, and then found a way to quickly divide them into Harrow Bikes. Then he poached people from the ofo team according to the plan. If ofo can't handle it in a short time, we will get on our own. The supporting personnel must get started faster."
Although it takes time to buy a bicycle, when ofo and Mobike were having a money-burning war, it seriously stimulated the entire domestic bicycle production market in a short period of time. Since this month, the sudden problem of ofo will inevitably cause large-scale halving of orders in the entire domestic bicycle manufacturing industry. At this time, if Alibaba sells an order, it will be enough to attract a large group of people.
However, the talents corresponding to shared bicycles are different. Even if ofo goes bankrupt, these people can go to other fields. If there is no timely preparation of enough talents, there is a high possibility of great management problems.
"That's all." Cai Chongxin nodded and said.
Doing this actually takes time, but at least with legal support, the process can continue, and fighting for management rights will be even more cumbersome. How long does it take to complete cannot be controlled.
No matter which one, it may be a lose-lose situation, but the latter Alibaba will have a bigger interests. The only thing that can win-win is that David gives up management rights and even sells the equity in his hands.
...
David hung up the phone, held his head in his hand and lay on the sofa for a while. I don’t know how long it took, but I felt a little hungry, but I was not in the mood to eat. Instead, I sent someone to call Yang Pinjie and told him what he had just called.
Yang Pinjie sighed and said, "Ali still gave up and always wanted to redeem the companies he invested in. I think this investment of Masayoshi Son is a matter of the same."
"Is the game no longer important? What is important is how should we choose?" David said.
Yang Pinjie thought for a while and said, "How we do it depends on what angle we stand on, whether we are ourselves or the company."
"I know, these two choices are opposite. I just want to hear your opinions?" David said slowly. At the company level, if you survive, the first place. After Alibaba obtains the operating rights, no matter what the future will be, at least it can easily survive now and even form a monopoly.
From David's perspective, it depends on David's own decision, whether he would rather be shady or just pursue wealth.
Speaking of this, Yang Pinjie naturally understood that David wanted to have the best of both worlds and could protect both the company and his own rights. So he said: "In this situation, unless we find new investors, we will have no choice."
"New Investor?" David shook his head and smiled bitterly: "Where should I find such a stupid person?"
Yang Pinjie said: "Then we can only shrink the front line and use the funds we have in hand to see if there are any other opportunities, but this path is basically lifeless."
"Then what you mean is that we have to take the opportunity to cash out and leave the scene?" David asked.
Yang Pinjie nodded slowly and said, "This is the best opportunity for us. Alibaba wants to share bicycles not because of how good the future is, but because it involves payment and we can still talk about the price. As long as it is not too much, Alibaba will definitely agree, because it will cost more than it will be, and there will be too late to build such a company. This is our advantage."
David pondered for a moment and said, "But I want to have another bet!"
"You..." Yang Pinjie was speechless for a moment. David's self-esteem was too strong. From childhood to adulthood, he had always been halo and had almost no ups and downs. Now he was in a trough for a moment, but he refused to face reality.
Yang Pinjie thought for a while and said, "Now Mobike, Tengxun, and Toutiao are all focusing on the shared bicycle market, and we don't have much time. Once we missed the time, we can't even cash out and leave the scene.
David, you have to think clearly that it is not only you who leave, but also a large number of people who follow you. Your choice will also determine their destiny."
David nodded and said, "Give me some time, I need to think about it seriously."
"Okay, just consider this matter with peace of mind. I will deal with the outside." Yang Pinjie looked at David with a haggard face and could only comfort him.
After leaving David's office, Yang Pinjie frowned. Anyway, the matter outside had been broken, so he just said that the server crashed. If it really didn't work, just open it for a while, and then crashed in the background. Anyway, it was just a delay, and it would be fine if it was delayed for two or three days.
And in the past two or three days, David should have considered his decision clearly. If he agrees to cash out and leave the scene, it will be better. Everyone takes the money, whether it is to eat and drink or start a business again in the future, it will not be a problem.
But if he still refuses to admit defeat and insists on taking ofo to die with him, it will be a disaster for everyone, because David has a high share of equity and a veto. If Alibaba cannot get this veto, then it will not acquire ofo, and then the stocks in everyone's hands will only follow ofo's future fate.
After arriving at the technical department, the technical director Chen Hua came over and said, "Mr. Yang, the interface can be restored in the backend, but it can't be opened yet? Our APP has also collapsed!"
"What's going on?" Yang Pinjie asked.
Chen Hua said: "There are too many people logged in, which caused the server to crash again."
"All of them apply for refunds?" Yang Pinjie asked.
Chen Hua nodded and said, "It should be all, and they all come from TikTok and Toutiao. They added links to the news of our misappropriation of deposits. Those with ofoAPP on their mobile phones click in to refund the money."
"It's really a big deal." Yang Pinjie said angrily: "I'm notifying the legal officers here and I'm going to send a lawyer's letter to Toutiao. They linked our APP without our consent."
Chen Hua said a little embarrassedly: "Mr. Yang, when this problem arises, I contacted the legal department. They said they are about to apply to resign and cannot control this matter."
Chapter completed!