Chapter 889 Scraping the bone to heal the wound
"A lightning-fast acquisition battle!"
"The final work of the year of acquisition, huge engines won Meizu for 12.8 billion yuan!"
"What can I do in 11 days? A long-distance trip? Read a book? Complete a 10 billion acquisition!"
On the first day of December, the front page headlines of major mobile phones, cars and financial media were filled with huge reports on the acquisition of Meizu by engines, and the exploration of various details and inside information was even more dazzling.
Meizu's forum is even more quarrel about this acquisition, and daily active users are at its peak in 2016.
"You kid is really quick, accurate and ruthless this time, but the noise this time is really a big deal. You have to grasp the right degree."
Rebs stared at Tan Jincheng with a playful look on his face. Starting from the end of the Internet Conference on the 18th, in less than half a month, he moved around and moved everywhere, and took down Meizu at lightning speed, which was simply dreamy.
"Hehe, I know, I will handle it. Thank you very much this time."
The person who told Zhao Xinyi was shaking was Rebs. He had contacted many people in the mobile phone circle, but he had limited knowledge of how to operate it. So, I asked Rebs to recommend a group of capable mobile phone circle people to help.
Rebs contacted him urgently, and on a business trip to Xiangjiang, he also turned around to Zhucheng to meet Tan Jincheng.
"It was a bit unexpected to start. Also, don't worry about what the outside world says. I think you're doing a good job."
With the real-time exchange rate, Tan Jincheng's valuation for Meizu was $3.6 billion, and it would be profitable if it bought a top 10 mobile phone brand in China at $3.6 billion, and won the control of 2,300 offline stores and 30 million users.
The valuation is certainly a bit high, but the money reaches the level of Tan Jincheng is just a number. The key is to see what the money can bring.
Moreover, Juliang Engine used US payment for the two major transfer agreements of Ali and Huang Zhang this time. The real-time exchange rate in December 2016 has reached 6.9, and the difference in exchange rates is only the difference in the exchange rate.
"Hehe, old brother, you think so. I feel more confident when you say this."
After five or six years of cooperation, Rebus is both a teacher and a friend to Tan Jincheng. Although it is developing very quickly, Tan Jincheng always recognizes his shortcomings. He will never be a big shot in the things he doesn't understand. He pretends to understand.
Studying is the most important thing. Rebs, a partner who has been in the mall for many years, is his learning object. If he doesn't understand, he dares to call and ask in the middle of the night.
Over time, Rebs also liked this motivated junior and was willing to provide him with some advice.
Rebs shook his head: "Don't pay attention to those, there are absolutely cheap goods to acquire. In fact, you have found the problem with Meizu now."
What is the biggest problem with Meizu? It is Huang Zhang's family management.
Family-style companies are successful, but it is definitely quite difficult in the Internet mobile phone industry with high technology requirements. What's more, Huang Zhang almost arranged all his aunts and aunts to the company.
As revenue scale becomes larger and market competition becomes more and more fierce, how can such a company not have any problems?
Although Tan Jincheng was ruthless, his first appearance was when he lay off 5% of his employees, killing all his immediate relatives in key positions, including Huang Zhangqin's sister, but it has to be said that this is the best quick knife to cut the mess.
"If you use Li Nan, Bai Yongxiang, and Li Yan, the existing Meizu system will basically not collapse. Although you are trying to expand the ecological chain, you cannot easily destroy the existing business, otherwise your reputation will be ruined."
Tan Jincheng nodded repeatedly. Rebs said all the practical suggestions. Acquiring a company is just a supplement to a system for him, but as a company that has been established for more than ten years, it has affected countless people. If it is destroyed casually, it will indeed have a great impact on his reputation.
The capital market was extremely active in 2016, with the famous Youbao Wan battle, SF Express’s listing through Dingtai New Materials, and the merger of Didi and Uber. I won’t say much about this.
There are more than a dozen acquisitions involving more than 10 billion yuan alone. The acquisition of 12.8 billion yuan and the valuation of 3.6 billion US dollars are really nothing, so the reason for such a big disturbance this time.
First, because the end of the year is approaching, the ones that should be collected have almost been collected, and the rest have begun to rest. Second, it is still Tan Jincheng's series of actions this time are too fast, so fast that it is dazzling.
In addition, through various revelations, and news released by the Huang family, from 33% to 51%, Meizu played the role of a victim, similar to being fooled by Ali and Tan Jincheng.
In fact, the story behind it is not reasonable. Rebs has also worked in Zhucheng City for many years and is considered an old acquaintance with Huang Zhang. How can he not know what kind of person this guy?
If he hadn't both wanted it and wanted it, even if Tan Jincheng was domineering, he wouldn't have had a chance.
However, Huang Zhang or a loyal fan of Meizu at the Meizu forum was very angry. Under such circumstances, Tan Jincheng had to make some achievements.
From the perspective of the public opinion environment, this acquisition is not good for Tan Jincheng. It was revealed that he is the cash king in Zhejiang Province. He won a company with such a strong attitude within a few months.
The public opinion environment is often sympathetic to the weak. Tan Jincheng is an absolute strong man now. Any flaws in the process of capital operation can easily cause controversy.
"Okay, I understand. I will take Meizu's existing business seriously, and also eliminate the influence of public opinion as soon as possible. I really want to thank Mr. Lei this time."
What the outside world saw was the eleven-day lightning acquisition war, but behind this was the due diligence survey chaired by Tan Jincheng's strong strength and network of personal connections. The helmsman of the famous international investment institution Red Shirt China.
The second largest shareholder and several small shareholders are used to exchange interests, and behind the big purge is the help behind the helmsman of the popular mobile phone manufacturer today.
Cleaning is not scary or troublesome. What is troublesome is finding someone to take over the business left behind, the existing technical team and the management team outside the family. Although Tan Jincheng asked them to talk to them separately, he promised to reuse them and give them certain share incentives.
But in the current turbulent environment, there is indeed no way to absolutely trust the original Meizu employees. The so-called doubters do not need to depend on what background environment they are.
The several managers introduced by Rebs are relatively easier to use, at least so far they have the same interest demands.
I will not give up on Meizu's mobile phone business, but Tan Jincheng does not have a good idea, and his energy is limited. He cannot use time to manage an industry company with more fierce competition than automobiles.
All I can do is help Zhao Xinyi sort out the Meizu from top to bottom together, and the rest is to give it to the management teams that Tan Jincheng values. As for what they develop, they can only leave it to fate.
Rebs only stayed in Zhucheng for less than two hours, and he was really here to give Tan Jincheng some advice and come and go in a hurry.
Xiaomi's listing plan has entered the preparation period. She has been busy and has taken some time to come over. It can be considered as sincerely helping.
"Hello, Mr. Chen, I'm going to trouble you in the future."
The person Rebs introduced himself is naturally different.
Chen Mingyong, former OPPO vice president, is responsible for supply chain management and production business. This is a key figure that Tan Jincheng urgently needs.
With him, Huang Zhang's younger brother can be opened. This guy is the one who dominates Meizu's supply chain and production business, and also serves as Meizu's CEO, with very high powers.
Huang Zhang dared to retreat at any time, and largely because he used his younger brother to control the company.
"Where, I will rely on Mr. Tan in the future."
After resigning from OPPO, Chen Mingyong has been idle at home for half a year. After receiving the recommendation of Rebs, he agreed without hesitation.
Huang Zhang and his Meizu are also famous in the mobile phone circle. Although they have not been doing well in recent years, in Chen Mingyong's opinion, the foundation is still there. As long as they get back on track, it is no problem to maintain the TOP10.
Huang Zhang's success proved his ability, but when facing Tan Jincheng's lightning acquisition, he was as helpless as he was playing with Ah Li, which was enough to see Tan Jincheng's ability.
In the eyes of mature working people, there is nothing wrong with Tan Jincheng's connection with Ali. If he does not cooperate with Ali, even if he gets a 33% stake, his final outcome will be like Ali.
This time, Tan Jincheng invited him to replace Huang Zhang's younger brother and became CEO, in charge of supply chain and production business, which is within his business scope.
"We have no experience in mobile phone business, and we will continue to be Mr. Chen and all the colleagues of Meizu in the future."
Rebbs, the vice president of OPPO, really recommended a very suitable person.
With his intervention, Meizu in the turmoil can more or less use OPPO and some resources from Xiaomi to accelerate the bringing Meizu on track.
"In terms of treatment, I cannot give Mr. Chen shares for the time being, but at the latest, I will complete the capital increase and share expansion of Meizu before the first quarter of next year. At that time, I will allocate certain shares to the management. The specific proportion will be discussed at that time."
33% cannot meet Tan Jincheng, and 51% is obviously not enough to perfectly control Meizu. The restructuring, capital increase and share expansion of Meizu are already under planning, but it will take until the company clears it first.
This process will take at least several months.
One week in Zhucheng, Tan Jincheng mercilessly purged Meizu. After taking over financial and personnel rights, Chen Mingyong, former OPPO vice president, became Meizu's new CEO, in charge of supply chain and production business.
One immediate relative after another was taken down, and even his distant relative at the front desk was laid off by Tan Jincheng.
Huang Zhang and his family spent the 20 most depressed days of Meizu since its establishment, but now the company belongs to others and they have no choice.
Tan Jincheng had no intention of discussing with Huang Zhang at all, but just informed him.
"Give up, there's nothing to force."
The unshaven Huang Zhang looked disappointed and sighed for a last sigh, then smiled helplessly, "Fortunately, this boss is generous, and the subsidies you have given to the highest level after you are laid off."
Tan Jincheng really gave enough money when laying off employees, and he would not care about these small money. "That's right, what should I do with the shares you have?"
Huang Zhang's younger brother resigned as CEO today, and he was out of sight. His brother lost power and his sister left. How could his younger brother escape? Tan Jincheng really gave a lot of subsidies.
The two brothers are also in harmony, and Huang Zhang naturally understands what his younger brother means.
"What else can I do? Sell it to him. Although he is very ruthless at this moment, he is still quite polite to us. In addition, the price given is indeed good. If he is a month or two later, if he plays with additional issuances, our shares will not be worthwhile."
The shares in his hand are worth more than 7 billion yuan, which is more than 10 billion yuan from the previous transfers. So much cash can be said to be an explanation for the half-life of entrepreneurship.
Huang Zhang is a straightforward person. Although he was pressed by Tan Jincheng every step in the early stage, he lost control of the company because of his greed.
But after calming down, he still had very accurate thinking ability.
Judging from Tan Jincheng's various actions, it is obvious that 51% is just a rhetoric. What he wants is the entire company. Even if he keeps his existing shares, Tan Jincheng will dilute his shares through capital increase and share expansion.
At that time, even if he wants to sell, Tan Jincheng may not necessarily want it.
If the major shareholder plays a scoundrel, the minor shareholder has no choice but to speak of.
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"Yes, after we get the money, we can do something. With so much money, this boss Tan is really rich."
There is a saying that people dare not say, if they had not thought about using tricks at the beginning, but had let Tan Jincheng get 51% of the equity, would they not have been cleaned up?
The next day, Huang Zhang came to the hotel again to find Tan Jincheng.
When he came to Tan Jincheng's room again, the two of them had never seen each other again. Tan Jincheng went to Meizu to clean up his relatives. He really didn't want to hear this in person, for fear that he would not be able to control himself.
"Mr. Huang wants to sell his remaining shares?"
Tan Jincheng was still a little surprised when he learned about Huang Zhang's purpose.
But then I thought about it, it would be good, so I would save myself from playing the strategy of increasing capital and expanding stocks, and would also avoid a lot of trouble.
After a little thought, Tan Jincheng said: "Mr. Huang can retain some of the shares. I will still exchange for my promise at the beginning of meeting you. What I said when we first met is absolutely nothing."
After Rebs' guidance, Tan Jincheng has a clearer understanding of Meizu, hardware + software system, allowing Meizu and Meilan to continue to operate well.
By forming a virtuous cycle through the combination of hardware and software, Meizu may not be able to go public.
Huang Zhang smiled faintly: "Forget it, I really want to put Meizu on the list, but I personally put it on the list. But since Mr. Tan said that, I will keep some."
After thinking about it, Huang Zhang said, "Then leave 1.5 points, more than Ali."
1.5 points, this is completely withdrawn. Huang Zhang's personality is indeed different from ordinary people. Tan Jincheng always feels that this guy is a bit paranoid, but perhaps it is this paranoid personality that allows Meizu's early development to follow his path.
"Okay, since that's the case, I won't say more."
As a result, Tan Jincheng's holdings in Meizu reached 78.674%, and he took out 10 points for the employee stock ownership plan, which could also stabilize the situation in Meizu as quickly as possible.
Huang Zhang's decisive decision to transfer the equity solved a lot of problems for Tan Jincheng.
After all, painting cakes are painting cakes. Where can there be actual equity incentive plans to inspire people?
Huang Zhang came suddenly and left decisively. After discussing with Tan Jincheng, he quickly left the hotel where Tan Jincheng was. The follow-up matters were relatively simple, and both parties quickly handed over the shares.
Meizu also completed the industrial and commercial registration again, and the legal representative became Zhao Xinyi. Zhao Xinyi added a Meizu Technology president to Tan Jincheng's personal assistant.
Huang Zhang quietly stepped down all his posts in Meizu, and with Huang Zhang's resignation, it became easier for his family members to clear them.
Although Meizu and Juliang Engine kept a low profile in the handover of the company, Meizu's every move was still very eye-catching.
Founder Huang Zhang and his family faded out as a whole, Chen Mingyong became the new CEO, and Bai Yongxiang, Li Nan, Li Yan and others remained unchanged.
Completely reconciled with Qualcomm, and next year, the Meizu series of high-end models will use Qualcomm's most advanced chips.
Meizu + Qualcomm, Meizu Blue + MediaTek, Flyme + NIOPilot determines Meizu's future, and at the same time completely denies Huang Zhang's design plan for Meizu Pro7/Pro7Plus, returning to the full screen.
Speaking of the design of Pro7, Tan Jincheng was speechless after seeing it. Not only is it the mainstream full screen now, but there is also a small screen behind it, but this small screen seems to be of no use except for the time and weather.
What is the use of this abstract design besides increasing costs?
In addition, it is said that it is to build a flagship model, but Pro7 has serious basic functions, and there are no basic functions such as NFC. How can we compete?
However, Pro7 is not useless. Its appearance design is still very amazing. Even if Tan Jincheng has seen it and used countless users who are ahead of this era of design, they still find it amazing.
Tan Jincheng's opinion is to change it based on the appearance design, and cut off the sub-screen that is not practical and cost-effective. In addition, basic functions must be added, and the most important processor is replaced with Qualcomm and the screen is replaced with full screen.
The opinions given by non-professional boss Tan Da were unexpectedly approved by Li Nan and others. In fact, they were not optimistic about the original design of Pro7, especially the secondary screen. They had a lot of opinions. Don’t underestimate a secondary screen, as it will greatly increase the cost and affect the pricing.
"But if this is the case, the launch time will be postponed. This is a major change."
The new CEO Chen Mingyong also agrees with the boss's modification opinions. He was produced by OPPO, and both OV models surpass Meizu in all aspects and have their own set of theories for user needs.
The only headache is that this thing is not as simple as changing the design drawings, and the entire supply chain and production will be greatly affected.
"Hehe, this is your top priority after taking office. If you lack people, please contact Mr. Zhao, and if you lack money, please leave the rest to you."
Boss Tan doesn’t care about these things. He only gives specific strategic intentions. As for how to implement them? What does it have to do with him.
Li Nan, who dominated Meilan, looked at Chen Mingyong with a helpless look and couldn't laugh. He asked tentatively: "What about Meilan? What is the boss's opinion on Meilan?"
"Mei Lan? I don't have any objection, let's change to yours."
The Meilan Note series is Meizu's 1,000 yuan series, led by Li Nan. Since Tan Jincheng kept him and returned it to the shares, how could he deny his plan?
In fact, the Meilan series led by Li Nan sold very well. Meizu in her previous life was able to survive Geely's acquisition by Geely. Tan Jincheng thought Meilan was much more useful than Meizu.
Li Nan, who had a heart hanging down, then he felt relieved and smiled at Chen Mingyong: "Then Mr. Chen's workload is much smaller."
The acquisition of the company, the ruthlessness and ruthlessness after the first acquisition made Li Nan and others frightened, but during the days of the restructuring process, although Tan Jincheng could not have stayed in Zhushi forever, he often flew over.
After getting in touch with him, Li Nan, Bai Yongxiang and others felt that this new boss was easy to get along with and was generous. After the company completed the transfer of shares, he immediately formulated an employee stock ownership plan and sold 10% of his shares to them, such as management and technical backbones.
In addition to these, the first thing to do after completing the layoffs is to give employees a raise, and there are also a series of plans to improve employees' food and accommodation environment. The means of both kindness and power quickly made Meizu gradually stable.
The new president Zhao Xinyi also has excellent abilities. After quickly taking over financial power, personnel power and management power, the team transferred from Ningbo City quickly brought Meizu back on track.
After returning to the right track, President Zhao began to sort out Meizu's suppliers; needless to say, there was another bloody storm.
But no matter what, Meizu finally stabilized slowly. It was not only their original management team, but also relieved Zhushi ZF. Zhushi ZF has always maintained attention during the process of Juliu Engine's acquisition of Meizu.
Zhushi ZF has not thought about intervening, but there is no way out. She also talked to Tan Jincheng. Tan Jincheng only said that it would not destroy Meizu, an excellent company, but some necessary turmoil still needs to be experienced.
"Now it seems that this is a bone scraping and healing injury."
Looking at the people chatting and laughing, Bai Yongxiang couldn't help but sigh inwardly. Although he had changed from the original president to the current senior vice president, he was responsible for more business. In addition to connecting with MediaTek, the docking task with Qualcomm was also handed over to him.
Compared to the original position of president who was titular and untrue, the current senior vice president has higher power.
"Everyone, don't ask me everything. I only have a little bit of goods in my pocket. I learned it secretly from Mr. Lei and Mr. Yu and others. I have said everything I can say. It depends on you how much I can sell next year."
"I'd better go back and care about my car. Can Meizu change it, whether it can be launched in the future, and whether you can be financially free will work hard on your own."
"Haha, Mr. Tan is humble. It is rumored that you are an excellent product manager. Now it seems that the rumors are true; but you are right. Wei Lai sold too much this year and does need you more than Meizu."
"Haha, don't flatter me. I know how much goods I have in my stomach, but I forgot if you don't say it. I have to get a group of cars from Meizu."
Hehe, this is also a sales increase, right?
Needless to say, Meizu's official vehicles will be purchased from Wei in the future.
(This chapter ends)