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Chapter 1439: Chapter 1285: Help with the Acquisition (Please Subscribe!)
November 10th.
Saturday.
Shanghai Stock Market.
Tang Qing was basking in the sun in the yard, Lin Jiaxue and Zeng Rou had gone shopping, and he knew his own face was better off at home chatting with the sun, befitting his current ’status.’
Around ten o’clock.
Uncle called.
"Tangtang, what do you think about School Network? Don’t you have a high opinion of it? This company is considered the largest social platform in Huaxia, I think it has a very promising future, but they say you have no intention of investing in it."
That was the first thing he asked.
Tang Qing knew.
It was probably because School Network was rebuffed on his side that they went to his uncle. Following his recommendation, his uncle’s Investment Company had been investing in Huaxia’s internet enterprises and could be considered half a person from the internet industry.
A few days ago.
School Network came knocking.
Wanting to seek cooperation.
Tang Qing didn’t even think about it before he refused.
This company.
It had a very glorious history and had a relatively high status in Huaxia’s internet sphere. It was still on the rise, but it was a pity that they squandered their last good hand and became a forerunner fallen into the sands.
Before his rebirth.
That was all he remembered, really.
No longer in its prime.
He truly saw no investment value or interest in it. School Network was still dreaming of becoming Huaxia’s FACEBOOK, a lofty ambition, but later, they were flattened by the united forces of Sina Weibo and WeChat’s Moments.
It made one sigh.
Not to mention that he was about to launch WeChat soon.
Going head-to-head with Penguin.
And also a competitor to everyone else.
Not to mention the FACEBOOK they were emulating was already under ERV’s control, and soon they would achieve absolute control. Tang Qing had no interest in making repetitive investments, another investment would make three.
"I think it’s quite promising," Tang Qing said.
"Why then?" Tang Kai was puzzled.
"Because I see promise in it, that’s exactly why I’m not investing," Tang Qing explained.
It seemed that Tang Kai understood something.
"Could it be..."
"That’s right, my Company will soon be launching a social software, a product that will compete with all the major domestic social platforms. Theoretically, all these are competitors," Tang Qing had no fear that his uncle would spread the word.
Having heard this, Tang Kai was suddenly enlightened.
This explanation made sense.
"I understand now, I won’t invest either. But, I’m quite curious about the social product you are going to develop. Don’t tell me yet; just tell me about the launch date."
Tang Kai’s curiosity stopped there.
"By the end of this year, December 31st."
The WeChat Project.
Finally had its launch date set.
Previously.
The main concern was that the competition was too fierce. Launching in a rush when the penetration rate of Smartphones hadn’t reached a certain level, relying solely on the few million domestic users, could easily get mired in the quagmire of Competition.
In his past life.
When WeChat was born.
There were already quite a lot of Smartphones.
Now.
It was still far off, and the total number of ’Epoch’ users domestically was just that tiny bit. Even if he grabbed those users in the Initial phase, as Smartphones became more widespread, there would definitely be a plethora of similar Software appearing.
Fierce Competition.
Would be inevitable.
There was no way to have a decisive victory in one go.
Therefore.
Tang Qing had been continuously perfecting WeChat’s Peripherals functionality, booking Plane tickets, Mobile phone top-up, Water and electricity payments, Movie Entertainment... a whole host of functionality all in one. Making it impossible for competitors to catch up in a short time.
The previous ’Nosey’ approach had shown its effect.
With Xiao Xiao freely helping major companies, enterprises, and industries provide Management Software, connecting them through the internet, it gradually became easy to integrate these links.
These.
Could support the early advantage of WeChat. 𝒏𝙤𝒗𝙥𝒖𝒃.𝙘𝙤𝒎
Otherwise.
Just voice, video, and Moments, definitely couldn’t hold up. And payment, red packets and other functions would be better left for next year’s upgrade. Otherwise, using up all the energy at once would spell trouble for the future.
"Haha, good, I’ll be waiting. If you need any help, just tell me," Tang Kai said, looking forward to the one-plus month ahead.
"Coincidentally, I do need uncle’s help with something," Tang Qing said.
"Oh? Do tell."
Tang Kai immediately perked up.
Previously.
Tang Qing had never asked for his help with business matters.
This was the first time.
"Acquire Tongcheng Network."
"Tongcheng? That Travel Website?" Tang Kai remembered the company.
"Yes, this is part of the functionality expansion for my software. Ctrip has already gone public, it’s too expensive. Tongcheng was established not long ago, it may not be on par with Ctrip, but being second is enough."
Previously.
The main focus was on areas ’impossible to acquire’. Such as strategic cooperation with major Operators, major life service enterprises, and interfacing with Big Banks, etc.
These were the tricky parts.
Those kinds of acquisitions that could be used right away.
Were left for last. There’s still over a month, other companies’ integrations could be troublesome, but for Xiao Xiao, who had relaxed management software for free, it’s really a matter of minutes to integrate.
This was also the reason for the Big Giveaway.
It offended quite a few companies that depended on this for their livelihood.
However.
Offended was offended.
Everyone was in the same boat, and it’s not like they couldn’t compete for the same meal.
"I’ll take care of it and get it done for you as soon as possible."
"I won’t make an appearance, to avoid them asking for the moon."
Tang Kai understood.
Tang Qing.
Was now the richest man in Huaxia.
Forbes listed his Net Worth at over fifty-seven billion dollars, close to four hundred and fifty billion RMB. Anyone who sees someone with ’I am rich’ written on their forehead wouldn’t think twice about trying to take a chunk out of them.
Probably.
This was a spur of the moment idea for Tang Qing.
Otherwise.
With just a random friend.
He could have gotten it done.
...
Ending the call.
Tang Kai then dialed the CEO of the Investment Company working under him, who now managed more than three billion dollars of investment assets for him, which also counts as a large Company. The Headquarters had just moved to Xin’an City.
"Director."
"By the end of the month, I want to see the controlling shares document of Huaxia’s Tongcheng Network," Tang Kai said directly.
The CEO on the other end was startled.
Tang Kai had never issued such an order.
Delighted inside.
Previously he had only helped Tang Kai manage investments. Strictly speaking, he didn’t handle business acquisitions, however, what he was best at was acquisitions. Finally, there was something to do.
"Director, I promise to complete the Task."
This company.
He knew something about it.
There was some difficulty.
But challenges are to be overcome, not to be stressed about. In his heart, a plan for the acquisition instantly rose; acquiring wasn’t about just spending money, but about spending the least money possible.
That’s talent.
Tang Kai didn’t give an acquisition price.
But he was spending the funds he managed.
This acquisition.
It had to be completed beautifully, and he had even thought that acquiring this company might not be Tang Kai’s wish. Otherwise, no matter what, it couldn’t be so abrupt.
Suddenly.
He thought of Tang Qing.
Recently.
There had been non-stop small movements.
Providing free management solutions for Hotels, Travel Agencies, and Restaurants nationwide, and even giving away free services to major Operators, Water and electricity, natural gas, Transportation, and other public service areas.
The similar level of behavior between the two was the highest.
---This is helping Tang Qing with the acquisition.
Suddenly.
He made this judgment.
