The regular strategic meeting lasted for two hours.

Although Zhang Shuo has drawn up a development blueprint for Mango Auto for the next four years, car building is a systematic project that also involves the planning and construction of charging piles, factory planning and construction and other supporting matters.

If you want to implement it, you need a team with strong execution capabilities.

This is also the main reason why Zhang Shuo chose Tang Xiang.

Until the end of the meeting, Tang Xiang was a little confused. He was holding the first draft of the Mango X1 design in his hand. He originally thought that he was the chosen son of destiny, but it turned out that he was just a tool to carry out the group's instructions.

His mission is to implement Zhang Shuo's design and turn it into reality.

Don't think about anything else.

In the past ten days, during the process of planning the establishment of Mango Auto, Tang Xiang did have a few other ideas deep in his heart due to contact and communication with many friends in the industry.

Now we are decisively eradicating it.

"What the hell are you thinking about? Just follow the big boss honestly!"

People immediately relax.

After the meeting, Tang Xiang did not return to Magic City immediately. He first chatted with the technical director Chen Ping, and then made a special trip to visit the Group's Investment and Acquisition Department to discuss related acquisition matters.

Three days later, he and Chen Ping returned to the Magic City.

………

After the meeting ended, Zhang Shuo returned to the office alone. Only then did he have time to read the briefing prepared by the President's Office to understand what non-urgent events had occurred in the industry during the May Day holiday.

If it is an urgent matter, he will naturally receive the news as soon as possible.

There was a lot of bits and pieces of information, but there were two main things that attracted Zhang Shuo. One was that Binhai City announced on May Day that it had achieved full 4G network coverage. Although it was slightly later than Lin'an, it was still pretty good.

It can be seen that Zhang Shuo's suggestion at that time was listened to by his second uncle.

In addition to first- and second-tier cities such as Binhai City, Magic City, Yangcheng, and Jingshi, the 4G process is also speeding up significantly, and it is expected to achieve full coverage in major urban areas by the end of this year.

Don’t underestimate the explosive power of the infrastructure maniac.

Another major event during the May Day period is that ICQ released a major update, fully in line with Weixin.

At the same time, Tenda also announced that it will use ICQ and WeChat, two ace social software, to build smart cities and smart industries, empower the development of all walks of life, and fulfill its mission of connection.

At first glance, it looks a bit like a low-end version of Weixin's strategy.

The first phase of strategic partners are Weipinhui and Jumei Upin, which have obtained ICQ secondary entrance, and the local life service company under Tenda - Dacong Dianping.

Not surprisingly, it also attracted ridicule from netizens.

"I'm laughing so hard. Does Tenda still have any bottom line? In the past, it relied on ICQ's traffic to learn from this and that, so forget it. Now even ICQ itself has learned from Weixin, which is really shocking."

"Tengda: What's the bottom line? Can it be used as food?"

"Since ICQ is following Weixin in every aspect, is it still necessary to use ICQ? Look at how complicated the interface of ICQ is now. It's hard to find anything."

"That's right, our class communication is basically based on Weixin now."

"The most important thing is that ICQ is too unruly. It forcefully pushes all kinds of official information and even forcibly implants advertisements in the ICQ space. It's too difficult to get rid of it."

"Isn't this Tengda's usual style? You can make one dollar, but never ninety-nine cents."

"Tengda: I'm a professional at shearing wool. As long as it doesn't kill you, I'll do it to death."

"Hey, I have no love for ICQ at all."

Just as Tengda himself expected, this wave of updates is simply drinking poison to quench thirst.

Negative reviews received.

It even far exceeded their expectations.

The result is that in the field of mobile social networking, both in terms of popularity and user stickiness, Weixin and ICQ are players of the same level, and Weixin's reputation is even better than that of ICQ.

It is an indisputable fact that Weixin has become the new darling of the mobile Internet era.

Tenda suffered a heavy blow!

As reflected in the stock market, Tengda's stock price has not continued to rise like in the original time and space, and has basically maintained a gently rising growth curve, somewhat similar to Qiandu.

They can be regarded as a pair of brothers in need.

………

afternoon.

Lu Kai took the initiative to come to the door and said, "Mr. Zhang, I have roughly calculated that to assist Mango Automobile in completing related acquisitions, a conservative estimate is that 4.5 billion funds will be prepared."

In a word——

The group is running out of money.

Without considering additional income, in order to support the research and development of Maili Group, Fertile Land Research Institute, and the construction of the Germinal Industrial Park, Germinal Group's funds were a net outflow.

I can't make ends meet every month.

If this trend continues, the 5.5 billion cash on hand will only be enough to maintain the daily operating expenses of the budding department, and there will be no excess funds for acquisitions.

Not to mention the acquisition of Redeco in the second half of the year, which is more like a blank check.

Because there is absolutely no way to fulfill it.

"Don't worry, I have already negotiated with the Dream Fund. I can obtain a five-year bond worth one billion US dollars from the Dream Fund to cope with the group's increasingly tight capital chain."

Zhang Shuo gave Lu Kai a reassurance.

"Really? That's great, it solves an urgent need." Lu Kai was indeed very excited. Although he didn't know the details of the Dream Fund, as the main investor of the sprout, he was still very powerful.

It’s not easy to be rich, and it’s also very interesting!

At the critical moment, the Dream Fund sent life-extending funds to Sprout, although it was not directly transferred to Sprout's account every month like before, but in the form of debt.

But Lu Kai was already very satisfied.

"Dream Fund's borrowing is only a temporary measure, but it cannot be eliminated. In order to completely improve the group's cash flow, we have to think of other ways."

Zhang Shuo knows that the overseas funds of the Dream Fund are not inexhaustible.

After this amount.

The next loan may be a long way off.

"Yes, I have also prepared two financing plans here. Please refer to them for details."

If Lu Kai can report to his boss, he must have found a solution. As the rotating president, he certainly cannot leave the problem to the big boss Zhang Shuo.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! Then what is the use of him?

"Tell me."

Zhang Shuo was indeed interested.

"One is about AutoNet."

"According to your previous instructions, we will promote the listing of Auto.net this year. However, if the current 100% holding structure is maintained, then even if Auto.net is successfully listed, the funds raised from the primary market can only be used for automobiles.

For the development of the network itself, the group cannot get this money."

There is essentially no difference between IPO financing and previous A/B/C round financing.

The funds raised cannot be used for other purposes.

The main difference is that in pre-IPO financing, participants are often investment institutions; in IPO financing, all shareholders can invest in the secondary market.

Moreover, the stock price can fluctuate freely in the secondary market without affecting the company's own business.

"Another point is that if you don't give profits to investment banks, it will be difficult to find suitable underwriters, unless you adopt an agency sales model for the IPO instead of a more secure underwriting." Lu Kai reminded.

IPO is divided into two modes: underwriting and agency sales.

The so-called underwriting means that when an IPO is issued, the underwriter first purchases all or part of the securities planned to be issued with its own funds, and then resells the purchased securities to investors.

If there are still unsold securities after the expiration of the underwriting period, they will be held by the underwriters themselves.

Adopting this method means that as long as the company delivers the shares to the underwriters, the issuance is considered successful, and the remaining pressure is transferred to the underwriters.

Most of the projects listed overseas adopt the form of underwriting.

In contrast, agency sales are somewhat unreliable, which means that when an IPO is issued, the underwriter sells relevant securities on behalf of the company. If the sales are not completed after the underwriting period expires, the remaining portion will be returned to the issuer.

If investors do not subscribe enough within the price range, the IPO will fail.

There is a basic law in the financial world: risk and return are directly proportional.

Because there is a risk of issuance failure, companies that use consignment sales are often companies that are evaluated as very risky before going public, so no underwriters want to take risks.

Automotive Network is obviously not included in this list.

But for Automobile.com to go public smoothly, investment banks must be given sweeteners.

"My opinion is that we can transfer part of AutoNet's shares to others before going public, which can not only ensure AutoNet's smooth listing, but also secure a sum of funds for the group," Lu Kai said.

This is also a common practice in the financial circle.

Taking out a portion of the shares before going public is a bit of a win-win situation.
To be continued...