Rebirth of the internet boss

Chapter 191 The Rise of Ali
Before Yang Zhiyuan found Shengda, Sheng Tianqiao was still facing the "poison pill plan" launched by Xinlang for the acquisition of Shengda, and Xinlang's "poison pill plan" made Sheng Tianqiao fall into a dilemma.
Let's make a forced acquisition, it will cost at least 1 million US dollars more, which makes Sheng Tianqiao very unhappy, and Shengda doesn't have that much money anymore; let's give up, Sheng Tianqiao is not reconciled, of course, Shengda will not suffer, After all, it is Xinlang's shares, and the stock price will definitely rise back in the future.

Just when Sheng Tianqiao had nothing to do with Xinlang's "Poison Pill Project", Yang Zhiyuan found Sheng Tianqiao through Tang Jun. Tang Jun still had a certain influence in the United States and Wall Street, so Yang Zhiyuan thought of Tang Jun at the first time.

However, Sheng Tianqiao was lying if he said he was not interested in Yang Zhiyuan's 10 billion US dollars, plus the financing conditions of Yahoo China. Therefore, Sheng Tianqiao also asked Tang Jun to be in charge of negotiating with Yang Zhiyuan.

However, before negotiating with Yang Zhiyuan, Sheng Tianqiao had heard about Li Feng's unilateral rejection of Yahoo's financing conditions.
Therefore, Sheng Tianqiao curiously asked Yang Zhiyuan: "Mr. Yang, may I ask a question, why did the sharp Li Feng reject Yahoo's financing conditions?"

Hearing Sheng Tianqiao's question, Yang Zhiyuan thought of the domineering Li Feng that day again. Yang Zhiyuan had never seen such a tough character, and he couldn't help but feel a little lingering in his heart. Yang Zhiyuan smiled awkwardly, and responded: "Maybe it's the sharp Li Feng." Mr. Feng Li can value the controlling stake in his hands!"

Sheng Tianqiao looked at Yang Zhiyuan's embarrassing answer, didn't say anything, but told Tang Jun in a low voice to be more careful.

During the following period, Shengda and Yahoo analyzed the terms of the financing agreement one by one, and finally reached the final financing conditions. Yahoo injected 10 billion US dollars into Shengda, and Shengda acquired Yahoo China, and finally Yahoo took over the entire 40% of the shares of Shengda Group,
This not only refers to the listed Shengda Network, but also the entire Shengda Group, and Yahoo also has certain conditions for Shengda, such as profit, market value, etc. Faced with these harsh conditions, Sheng Tianqiao also agreed.
After all, after the huge amount of capital comes in, Shengda's huge capital can completely crush Sina's "poison pill". Not only can it successfully acquire Xinlang, but it can also become the absolute controlling shareholder of Xinlang. It's guaranteed.

The thick stack of contract terms alone is as thick as a Xinhua dictionary. When Sheng Tianqiao finally signed, Sheng Tianqiao hesitated again. The problem lies in one of the terms, "Yahoo proposed to Within 3 years, Shengda will be a controlling shareholder."

Sheng Tianqiao is a proud man. He is also a person with ideals and pursuits. He is not a pure businessman. He does not want capital to kidnap his business. At the last moment, he put down his pen and said to Yang Zhiyuan, "I will think about it again." .

Yang Zhiyuan also expressed his understanding of this, but he believed that Sheng Da could not escape from his palm in the end, so he only gave Sheng Tianqiao two days to think about it.

On the night of the last day, Sheng Tianqiao was still hesitant. Standing beside the Huangpu River, watching the rolling Yangtze River, he thought of a lot,

I thought of the hardships and hardships when I first founded Shengda, and the divestment of China.com. At the most difficult time, the money on the book could only pay two months' salary; I also thought of the high spirits when the agent "Legend" became popular; At that time, he was arrogant, and even now, he can surpass Ding Lei at any time to become the richest man in China;
Standing by the river, he constantly examines his life and career—since he founded Shengda at the age of 25, he has never had time to stop and think about what he really wants, and the current "box project" is what he is doing now struggle thing,

In the end, Sheng Tianqiao also thought of Li Feng. For this enemy, Sheng Tianqiao always had a feeling of sympathy. He hoped to sit down with Li Feng to drink tea and chat.

Sheng Tianqiao even took out his mobile phone to make a call to Li Feng, but at the moment he dialed, Sheng Tianqiao gave up.

And Sheng Tianqiao's wife, Luo Qianqian, has always been with Sheng Tianqiao. Behind every successful man there must be a successful woman, and there must be a reason for Sheng Tianqiao's success.

The main factor behind this is that Sheng Tianqiao has a good wife who is not only capable, but also has a certain family background. Therefore, at every annual meeting, Sheng Tianqiao always toasts the first glass of wine to his wife.

At this time, Sheng Tianqiao sighed to his wife Luo Qianqian, "Qianqian, why do people want to do something within their ability to change the world, why is it so difficult!
Even if Shengda is listed on the market now, there is still another mountain high. Big fish eat small fish, and small fish eat dried shrimps. This is an unchanging survival rule. There will always be stronger enterprises and stronger capital. Want to eat my Shengda. "

It is to be a "cold-blooded and ruthless" businessman who always focuses on "profit maximization" and takes "capital shareholders" as the interests. For the development needs of the company, it doesn't matter if the financing dilutes the shares, even if you only have 8% of the shares in the end, or even may be kicked out;

Or a "feeling, ambitious" entrepreneur, centered on "dreams", willing to pay for "dreams", not pursuing profits or returns to shareholders, but just want to do something seriously?

But this kind of financing involving major corporate strategies, and even this decision, can change the competition pattern of the entire Internet market in China, and only Sheng Tianqiao can make this decision.

Seeing that Sheng Tianqiao was at a loss, so "lonely and helpless", Luo Qianqian took Sheng Tianqiao's hand and said forcefully: "If you do this, you will feel unhappy, then don't force yourself, even if you fail in the end, it's a big deal Let's do it all over again."

Faced with his wife's encouragement, Sheng Tianqiao thought for a while, faced the turbulent river, and finally decided: "Shengda is mine, and I don't need to give it up to others!"

After finishing speaking, Sheng Tianqiao directly called Tang Jun who was in charge of the negotiation, announcing that he rejected Yahoo's request for a shareholding and gave up the plan to acquire Xinlang.

It's just that Sheng Tianqiao didn't expect that Yahoo would fail in less than three years.

Regarding this, Tang Jun is also very regretful. Next time he wants to acquire Xinlang, he will not have such a good opportunity.

And when Yang Zhiyuan received Shengda's rejection of Yahoo's shareholding plan, he was forced again. He was rejected twice in a row, which made Yang Zhiyuan a little skeptical about his life. When did the capital become so weak? Enterprise!
Is there any business that is not short of money?Then go ahead and find the No.3 Internet company in China. It’s okay to say that the top two Internet companies in China are Fengrui or Shengda, but it’s hard to say that the No.3 Internet company in China is now.
Just like Tsinghua University and Peking University are the top two universities in China, there is no doubt, and each of them also said that they are No. 1, but it is hard to say that China's No. Said he was No.3,
The same is true of the current Chinese Internet. NetEase, Xinlang, Sohu... can all be regarded as China's Internet No. 3, but these companies are all listed, and the investment income will not be too large.

Regarding this, Yang Zhiyuan asked Tang Jun, "Mr. Tang, since Mr. Sheng disagrees, do you have any good company recommendations?"

Tang Jun thought for a while and said: "If the Internet in China is the most promising right now, it must be Fengrui, but besides Fengrui and Shengda, if there are others, I think Ali in Hangzhou is good, although I don't know what the future of e-commerce will be. .”

Although Tencent and Ali seem to be the most powerful contenders for the "Iron Throne" now, but their "heroes behind the scenes" must have the "credit" of Tang Jun. When Tang Jun was at Microsoft, MSN was able to kill Tencent at least twice Chance,
One is that when MSN first entered China, MSN did not add strangers to chat. As a result, when Tang Jun responded to Bill Gates, Bill Gates refused because of the globalization of MSN. When Tang Jun repeatedly asked, Bill Gates directly let Tang Jun signed a letter of guarantee, guaranteeing that MSN could make a profit of 150 million U.S. dollars every year. At that time, 150 million U.S. dollars was a very large amount. Tang Jun directly refused without signing;
The second is just like Li Feng used "Bat Network Management" to directly block QQ. At least before 2004, Tang Jun could use Microsoft Windows to directly block QQ. With the dominant status of Windows, a mere QQ is not enough to fear. , but because Microsoft had just fallen into an "anti-monopoly" lawsuit at that time, Tang Jun was afraid of causing trouble for Microsoft, so he didn't sign again, so he finally achieved Tencent's dominance.

When Tang Jun was in Shengda, Yahoo was the first to find Shengda. After Sheng Tianqiao rejected Yahoo's shareholding conditions, it was also because Tang Jun introduced Ali to Yahoo, and finally achieved Ali's dominance. So, Teng It is quite reasonable that Xunhe Ali's "heroes behind the scenes" have Tang Jun's "credit".

Therefore, according to Tang Jun's tip, Yang Zhiyuan also found Ali in Hangzhou, and Yang Zhiyuan also had a little impression of Ali, not only because Softbank was an investor in Ali, but
Moreover, Ali Ma Yun also had a relationship with Yang Zhiyuan. As early as 97, Ma Yun received Yang Zhiyuan in the e-commerce center of the Ministry of Foreign Trade and Economic Cooperation, and took Yang Zhiyuan to climb the Great Wall.

When Yang Zhiyuan found Ali, Ali was still in the middle of a battle with eBay, and because Ali was a free strategy, and eBay also had the support of eBay's parent company behind it, Ali was a bit out of ammunition and food, and survival was a problem, so Faced with Yang Zhiyuan's door-to-door financing request, Ali accepted it without thinking about it. Ma Yun even planned to get more things from Yahoo.

As a result, Yang Zhiyuan refused without even thinking about it, and directly put the thick stack of contract terms and materials negotiated with Shengda in front of Ma Yun, "This is the financing terms we negotiated with Shengda, don't you Ali still pay for it now?" If it can surpass Shengda, the pre-valuation is 15 billion U.S. dollars, no problem, just sign directly."

Ma Yun looked at it, didn't say anything, and signed her name on it very readily. So far, Yahoo's money has finally been invested.

Let's review the entire incident. In order to please Wall Street and push up its stock price, Yahoo sold Google's shares in advance, and used the money to make a lot of investments, including 10 billion US dollars for Yang Zhiyuan to invest in China, an emerging market. ,
As soon as he came up, Yang Zhiyuan found the most promising Fengrui first, but because Yang Zhiyuan changed the contract without authorization, he was directly kicked out by Li Feng; then, Yang Zhiyuan found Shengda through Tang Jun, but because Sheng Tianqiao was afraid of losing his opponent Sheng Shengda also refused; in the end, Yahoo approached Ali, and this time Ma Yun finally readily agreed.

Therefore, just entering 2004, Yahoo exchanged 10 billion US dollars and Yahoo China assets for 40% of Ali's shares, and Ma Yun also directly "cleared" all venture capital through this financing. Fortunately, Fengrui signed a contract with Ali at that time The agreement has the same share call rights to avoid being out of the situation, but Fengrui also invested an additional 5000 million US dollars in Ali.

The final shareholding structure of Ali is as follows: the largest shareholder Yahoo 40%, Ma Yun and the Ali team 28.4%, Softbank 26.6%, and Fengrui still has 5% of the shares, but the price of this transaction is that Ma Yun and the founding team let Out of the status of Ali's largest shareholder, this also laid the groundwork for Ali's repurchase of shares in order to clear the "uncertain time bomb" of Yahoo.

But now according to the contract, in the next five years, Yahoo will entrust 5% of the voting rights held by Yahoo to the Ma Yun team, so that the Ma Yun team has 5% of the voting rights, of which 38.4% are Ma Yun The team's own, another 28.4% belong to Yahoo, and 5% belong to Fengrui. This also ensures that the control of Ma Yun's team will basically not be challenged in the next five years.

After the signing of the agreement, both parties held a press conference jubilantly, announcing the important news of Yahoo's investment in Ali, but the media gave different titles to the marriage of Yahoo and Ali.

The headlines of the foreign media are "Yahoo acquired Alibaba, accounting for 40% of the shares, at a cost of 10 billion US dollars", while the evaluation of the Chinese media is "Alibaba swallowed Yahoo China, Yahoo dowry with [-] billion US dollars".

Who bought Ali and Yahoo?This topic has been raging for a while.

No matter who buys who, it is undoubtedly true that Ali holds 10 billion US dollars in cash. This is more than the combined funds of Fengrui, Shengda, and Netease, the three Internet companies with the best cash flow.

In this era of "capital is king", Ali "blocked gods and killed gods, Buddhas blocked and killed Buddhas" for a while, not only put eBay and eBay on the ground to his heart's content, but also received a personal visit from senior officials of Zhejiang Province, expressing the support of Zhejiang Province Ali's development.

Ali's rise is unstoppable!
Of course, there is another troublesome thing for the high-spirited Ma Yun, that is, Zhou Hongyi, the current president of Yahoo China, is about to resign.

Speaking of which, there is another aspect involved in this Yahoo investment incident, that is, everyone has been ignoring Yahoo China. In fact, when Yahoo was about to sell Yahoo China, Yahoo China already knew about it.

But Yahoo never consulted Yahoo China from the beginning to the end, so Yahoo China felt like an insignificant ball being kicked around, sold to three companies, and finally Ali took in itself.

And after Zhou Hongyi sold the 3721 he founded to Yahoo for 1.2 million US dollars, he has been serving as the president of Yahoo China, and under Zhou Hongyi's leadership, Yahoo China has also achieved its first profit in history.

And after Ma Yun bought Yahoo China, she also wanted to make Yahoo China bigger and planned to turn Yahoo China into a search engine. Not only did she change the name of 3721 to Yahoo Assistant, this was mainly because 3721 was too rogue at the time and had a bad reputation. Moreover, Ma Yun also placed a lot of her own people in Yahoo China,
This series of actions caused dissatisfaction with Zhou Hongyi, the president of Yahoo, and Zhou Hongyi signed a tenure agreement with Yahoo at the time and expired, so he could resign.

So, Zhou Hongyi, who was not at ease, approached Ma Yun and directly proposed to resign.

In this regard, Ma Yun was also extremely reluctant, and after a long talk with Zhou Hongyi, she said earnestly: "Old Zhou, you have also started a business and served as the president of Yahoo China, so you should have a certain pattern. You can't be impulsive,

And you should also know that it is not easy to run a business. As a business leader, you should have a certain strategic height. I not only have to consider Yahoo China, but also Ali, and you only care about your own one-acre three-point land, just talk about yours How is the product, how is it!In the end, you can only be a product manager. "

Zhou Hongyi is indeed a wonderful flower in the history of the Internet in China. He is "unruly" and "unruly" and has worked with almost all Internet companies in China.

In this regard, Zhou Hongyi directly retorted: "I only care about my own 'one-acre three-point land'! I only care about my own products, so what's the matter! What a strategic height, but the strategy cannot be separated from the product. In the end, the strategy is not realized by the product, besides, Fengrui’s Li Feng is a product manager! What’s wrong with being a product manager!”

"..." Ma Yun was speechless. You can't say that your product manager is far behind Li Feng's product manager.

In the end, Ma Yun also agreed to Zhou Hongyi's resignation request, but to Ma Yun's surprise, Zhou Hongyi not only resigned by himself, but also took away a large number of old Yahoo China employees.

At this moment, the annual person of the Chinese economy, known as the Oscar of the Chinese economic circle, held a grand awards ceremony at the Yanjing Hotel. All the candidates for the person of the year were present, including Ma Yun from Ali and Li Feng from Fengrui.

(End of this chapter)