Stronger by Paying Salaries and I Have 1 Billion Employees

Before the mobile internet had entered its golden age of development, many entrepreneurs felt that the era of PC internet would eventually end, but no one could say for sure whether that decline and transition would take five, ten, or twenty years.

But from Cheng Congwu’s perspective, the B2B business (in-car navigation systems) was becoming increasingly cutthroat, while the B2C business showed no signs of improvement. Rather than waste time, it was better to cash out sooner.

Back in 2012, electronic maps and navigation software were separate. The maps themselves were free, but the navigation feature required a fee.

Gaode charged 50 yuan, Qian Du charged 30, and Kailide even charged a whopping 108 yuan.

But what is the core of the internet business model?

Free!

Therefore, whether it was Qian Du Map or Gaode Map, their performance in the B2C sector was abysmal.

Most drivers would rather use a physical map than pay for an electronic navigation service.

”What price does President Cheng have in mind?”

Chen Yansen smiled faintly, kicking the question back to him.

After selling FoxTao to Ah Li and cashing out 12 billion yuan, he hadn’t spent much money aside from purchasing Jingdongfang shares and investing in Orange Mobile Phone’s Factory No. 3 and Kuai Pao.

Orange Technology had raised 1.35 billion US Dollars from DST Capital, and Pinbei had raised 300 million US Dollars from Penguin, so there was no need for Senlian Capital to invest any more money.

So for Chen Yansen, the funds in his account were more than enough to buy Gaode.

Cheng Congwu’s eyes narrowed slightly. He glanced at Liu Zhiping and Zhang Chaoyang, pondered for a moment, and then named a price: ”14 US Dollars.”

This figure was a price he was happy with, and it was also something he could justify to the investors in the Lighthouse Country.

Although major shareholders have a greater say in the privatization process, the final outcome isn’t decided by them alone.

If small shareholders and retail investors felt the privatization plan was unfair, unreasonable, or detrimental to their interests, they could still file a complaint with the regulatory commission.