Li Xing appealed to the bitterness at the dinner table, especially in front of Chen Chu, Wu Xingdao, Du Jianzhao and other Chu Technology technical leaders, which was a big blow. Li Xing understood that if he could get the support of Chen Chu and the others, the Autohome funding could also receive a huge amount of funding!

Within Chuke Technology, Chen Chu is undoubtedly the person with the most control over Chuke Technology. In addition, Wu Xingdao, the nominal CEO of Chuke Technology, and then Du Jianzhao, they are all people with the right to speak in Chuke Technology.

Of course, there is another person Li Xing least liked, a person who was unknown in the past and even not noticed by the outside world. Zeng Yuanli, who was in charge of the Chuke Technology Investment and Management Department, was in charge of the Chuke Technology wallet.

The one who cares the most strictly about Autohome is Zeng Yuanli. Li Xing has never dealt with Zeng Yuanli for the sake of financial affairs. If Zeng Yuanli had not been too strict in the supervision, it would not be so difficult for Li Xing to obtain funds from within Chuke Technology. However, Zeng Yuanli would never allow it because Autohome drained the entire Chuke Technology fund!

As for the real situation, only Li Xing himself understood why Zeng Yuanli was so cautious about Autohome, and he spent too quickly. He built his own Autohome brand 4S store in a city, plus the after-sales maintenance center, driving school and other supporting facilities, as well as the authorization fees of many automobile brands. To form a management sales team, the total cost is at least 200 million to 300 million.

Of course, in second- and third-tier cities, due to the reduction of land and labor costs, compared with first-tier cities, coupled with the brand effect, the cost will be relatively reduced, and after the scale increases, the cost will also be reduced. However, no matter how low the cost is, it will be a cost, and it is impossible to build it out of thin air.

Chen Chu glanced at Li Xing. Although Autohome has a great pressure on its capital chain, it is not as miserable as Li Xing said. In fact, Li Xing was too anxious and wanted to complete the original five- or even eight-year plan within two or three years, so as to complete the listing in one fell swoop!

In such a short time, how can the financial pressure be insufficient to complete such a huge project? But overall, the risk of the 401 project is not great, and the bank has been cooperating. Even though the debt ratio of Autohome is higher than that of later real estate companies, several domestic banks have gritted their teeth and insisted on providing support to Autohome.

After all, the two major shareholders of Autohome, one is Chuke Technology, and the other is American Online AOL, which merged with Time Warner. The monk can't run away. After the Autohome is finished, Chuke Technology is still there, so banks in various places do not collect debts.

Autohome’s revenue this year has hit a new high, the domestic automobile market has ushered in an explosion, and both family cars and official vehicles have soared. Autohome’s online platform has exceeded US$3.7 billion in advertising fees in the first half of this year.

The offline car brand 4S store, the flagship store in Yanjing alone, had an overall revenue of sales of vehicles, driving schools, and after-sales maintenance in the first half of the year, exceeding 1.3 billion yuan. This is just a flagship store. The stores opened this year have exceeded 45, and their revenue has soared.

But the expenditure is too large, and I spend money everywhere. In the account of Autohome, I can run mice almost every day. The key is that I can't stop. Once I stop, banks, investors and franchisees, if I know that Autohome's high-risk negative assets operation may be closed at any time, I will definitely not agree to continue playing like this. This is also the reason why Li Xing is anxious.

"The Autohome stall is too big!" Chen Chu said to Li Xing, "The original five-year plan you want to complete within three or even two years. Even if Chuke Technical Headquarters wants to support it, it will not be able to do so!"

Chuke Technology's annual revenue and expenditure are basically well-budgeted, and the funds of various industrial departments are relatively balanced, and the scale of the industry continues to increase, so it is impossible to directly give Autohome a sum of billions of US dollars in cash.

"Brother Chen, now the road is complete, and there is no turning back. If Autohome wants to stop, it will have to occupy the market in first- and second-tier cities!" Li Xing said to Chen Chu.

Chen Chu looked at Wu Xingdao, "At the headquarters, I will give Autohome a part of the funds. In addition, contact those venture capital investors, Autohome can raise some of the funds!"

Chen Chu was unwilling to ask Autohome to raise funds on a large scale before because at that time, Autohome’s stall had not yet been launched. If financing was started, the valuation would definitely not be too high.

But now, the cowhide of Autohome has been blown up enough, and the big cake has been painted, just waiting for those investment banks and venture capital investors to come and give money. However, even if you raise funds, you must be under the leadership of Chuke Technology!

"Thank you, Brother Chen!" Li Xing said quickly when he heard Chen Chu relaxing the control of Autohome, only to feel that the wine today was not in vain.

Then everyone started chatting, but they hadn't seen each other for a long time, so naturally there were a lot of things to say.

Chen Chu said to Wu Xing who was sitting aside, and several others said, "At the end of the year, if you want to take a vacation, why not take a vacation at Hampstown Manor in North America!"

This is mainly for Wu Xingdao. For several years, Wu Xingdao has been busy. Not to mention vacations, even ordinary holidays are rarely used, let alone during the Chinese New Year, because someone needs to stay behind to handle matters. Basically, Wu Xingdao, Du Jianzhao, Zeng Yuanli and others came in turn.

Du Jianzhao looked at Wu Xingdao at this time, "It just so happened that everyone will go on vacation in North America this year. What is Mr. Wu's intention?"

"Of course it's the best. Let's go there together, and it's more lively!" Wu Xingdao took over the olive branch that Du Jianzhao gave.

Then everyone started chatting about other things, as well as internal affairs of Chuke Technology. Such opportunities for private talks are rare.

After eating almost the same food, Chen Chu took out a cigarette and threw one for several people, then looked at Cao Guowei, "Old Cao, are you in trouble?"

Cao Guowei nodded. The people sitting here were all his own people, and he had nothing to hide. "Mr. Chen, I wonder what you think of the Lagardale family?"

When Tang Zhouming, who heard Cao Guowei mention the Lagardale family and participated in the settlement negotiations between the Digital Copyright Association and the North American Publishing Association, immediately remembered Robert Larson who was driven out by Chen Chu.

"Is there someone from the Lagardere family?" Tang Zhouming asked immediately. He has been in Europe for many years and has worked for Airbus. He knows the strength and influence of the Lagardere family.

The strength of the Lagardere Group is very outstanding. If it were to be true, if it weren't for the fact that there were not many areas where the Lagardere Group and Chuke's technology were intersecting, maybe Chuke's technology would be a bit worse than the Lagardere Group. The decades of background would not have been in vain.

"It's Arnold Lagardele, the current president of Lagardele Group, who came to Yanjing in person!" Cao Guowei said, with a cautious look on his face.

The Lagardeer Group is indeed a behemoth, and Cao Guowei needs to be treated with caution, and this also needs to be based on Chen Chu's opinions.

When Chen Chu was surprised when he heard Arnold Lagardale coming to Yanjing in person, he laughed, raised his eyebrows, and said with a joke, "What did he come to Yanjing for? For that Robert Larson?"

"Mr. Chen, Oriental Network is developing sports business, including introducing broadcasting rights for foreign sports. Among them, the sports industry under Lagardele Group is in contact with one of the foreign sports marketing giants that cooperate with Oriental Network!" Cao Guowei told Chen Chu about the involvement of Oriental Network and Lagardele Group.

At present, there are five major sports marketing giants in the world, ig, Yingfang, Bafang Global, World Sports Group, and Lagardele Group, which constitute the global sports industry. The five largest sports copyright marketing giants, and more than 94% of the global sports events are responsible for overseas operations and promotions.

Including the well-known Fifa World Cup, Rugby, Premier League, World Swimming Federation, etc., almost well-known sports competitions are all led by one of the five sports marketing giants!

There is no doubt that in China, there is no doubt that the most eye-catching and potential emerging sports market in the global market in recent years, is even the rumor that anyone has won the domestic sports market and who is the world's number one sports marketing giant.

At present, the fastest-growing, strongest and most professional company in the sports market in China is Oriental. The five major sports marketing giants all want to cooperate with Oriental.com, and even give up the sports copyright broadcasting rights in their hands to Oriental.com at a low price, in order to reach cooperation with Oriental.com, the most active of which is Lagardale Group!

"Arnold Lagardale, I want to meet with Director Chen!" Cao Guowei said to Chen Chu. Chen Chu's attitude was also related to the subsequent cooperation between Oriental Net and Lagardale Group.

Now the cooperation between Oriental Net and Lagardele Sports has been suspended completely. Although Lagardele Sports has given great sincerity and even made concessions on its own initiative, Cao Guowei dared not make a decision easily.

When it comes to Chen Chu, Cao Guowei knew very well that he would rather have a breakup with Lagardele Sports or even Lagardele Group than to be in the wrong team.

On Sina, I have been sitting on the bench for several years and have met Cao Guowei, who has been accustomed to Sina for three years and four years, is very vigilant about the issue of taking sides and knowing where his butt should be!

Seeing Cao Guowei's expression, Chen Chu couldn't help but chuckled. It seemed that Sina's experience had a huge impact on Cao Guowei, and he was very vigilant in this regard.

After thinking about it, Arnold Lagardale arrived in Yanjing in person. If Chen Chu didn't meet again, it would be nice to spread. After all, he is also the president of Lagardale Group and one of the most famous diamond fives in Europe.

"You make arrangements!" Chen Chu said to Cao Guowei. He also wanted to see Arnold Lagardale, what he wanted to do this trip.

Rebirth and rise against the current
Chapter completed!