Stronger by Paying Salaries and I Have 1 Billion Employees

Cheng Congwu and Lei Yijun were from the same hometown. Both came from humble beginnings in a small town, acing exams and clawing their way to the top.

After finishing graduate school, he joined a state-owned enterprise, then dove into the world of business in ’94. It took him over a decade of hard work to finally establish a foothold in the digital map industry.

In reality, Gaode had three founders. Before Cheng Congwu became CEO, the one holding the reins was the former CEO, Hou Jun. But on the eve of the company’s IPO, the three were locked in constant internal conflict.

In the end, to ensure the company could go public smoothly, Hou Jun voluntarily stepped down from the CEO position.

Cheng Congwu successfully took his place, hired a batch of professional executives from outside the company, and sidelined the other founder as well.

Relying on his extremely strong-arm tactics and networking skills, he finally secured his position as CEO of Gaode.

But during the transition from PC to mobile internet, Gaode’s development fell short of expectations. It was like a herdsman in the age of sail—he had skills, but no arena to apply them.

From 2011 to 2012, Gaode Map’s stock price hovered around 12 US Dollars for a long time. After the new year, it dropped even further to 11.4 US Dollars per share.

To put it bluntly, Cheng Congwu was originally a financial investor, and his abilities in business development were nothing special.

At the very least, they were insufficient to meet Gaode Map’s current development needs.

So, when Liu Zhiping approached him and told him that Chen Yansen of Senlian Capital was planning a strategic investment or a full acquisition of Gaode, Cheng Congwu agreed without a moment’s hesitation.

As he was sizing up Chen Yansen, Chen Yansen was also secretly observing Cheng Congwu’s expression and subtle body language.

”Don’t just stand there. Sit down, let’s talk.”

Zhang Chaoyang pulled Cheng Congwu and Chen Yansen to their seats.

His assistant, ever so astute, stepped out of the private room to signal the waiters that they could start serving the food.

As one of the original godfathers of the internet, it was no exaggeration to say he knew the CEOs of all the top 500 companies in Hua Country.

And it was true!

Although he and Cheng Congwu didn’t interact much publicly, they both moved in Yanjing’s business circles and had often gone out for drinks privately.

This was precisely why Liu Zhiping had insisted on bringing him along.

”President Cheng, please have a seat,” Chen Yansen said with a smile.

Cheng Congwu gave a slight smile and sat down, not forgetting to greet Liu Zhiping as well.

Investments and acquisitions might seem grand and complex, but in reality, the core process of the transaction was no different from buying groceries.

Chen Yansen wanted to buy low, and Cheng Congwu wanted to sell high.

As long as they could find a balance point that satisfied both parties, the deal was as good as done.

Gao Weilin and Song Yuncheng sat on Chen Yansen’s left and right, respectively. They maintained faint smiles the entire time, remaining silent when their input wasn’t needed.

Before long, a series of exquisite cold appetizers were brought to the table.

Liu Zhiping, acting as the middleman, took off his jacket, picked up a bottle of liquor, and filled everyone’s glasses.

”President Cheng, I’m sure you’re aware of Senlian Capital’s purpose for this meeting. Regarding the sale of Gaode, I’d like to hear your thoughts.”

After a few rounds of drinks, Chen Yansen put down his glass and cut straight to the chase.

Currently, Gaode’s three major shareholders were Hou Jun, Cheng Congwu, and Xiao Jun. If Cheng Congwu got too greedy, Chen Yansen would simply bypass him and negotiate directly with Hou Jun and Xiao Jun.

After all, the three of them had a falling out long ago, and in terms of shareholding, Hou Jun was the largest shareholder.

’Here we go!’

Cheng Congwu felt a jolt. He knew they had finally gotten to the main event. Of course he was interested in selling; otherwise, he wouldn’t have come to the meeting.

”I have no objections. As long as President Chen’s offer can move me, Gaode can be taken private and delisted at any time to become a subsidiary of Senlian Capital.”

Cheng Congwu shrugged, feigning indifference.