Reborn, you call this an honest person?

Chapter 201 annexation
Compared with Ali Group’s valuation of RMB 151.3 billion, Yanxuan Mall is a bit exaggerated.
For the valuation of Yanxuan Mall, we hired an organization that specializes in evaluating Internet companies. Compared with industrial evaluation companies,

This company gave the highest valuation based on the growth rate and prospects of Yanxuan Mall, plus the user scale and sales. Although the price did not meet the expectations of Wang Heng and Ma Yun, it also reached 386 billion RMB.

Afterwards, the two parties requested third-party certification, and Wang Heng signed the merger contract on behalf of Yanxuan Mall and Ma Yun respectively.

After the merger of the two companies, the valuation is 537.3 billion. After the merger, the equity of the two companies is 71.7% for Yanxuan Mall and 28.7% for Ali. Yanxuan Mall has an absolute controlling stake.

The shares are then distributed equally among the shareholders.
Ma Yun is 35% (formerly strictly selected),

Ari’s management team is 9%,

Wang Heng is 36.3%,

Sun Yi is 8.3%,

Yahoo at 5.7%,

Taishan clubhouse is 5.7%,

Wang Heng and Ma Yun have more than 80% of the shares. Even without the ab shareholding structure, the company can be firmly controlled.

When the two companies merged, Ali's b2b also became a wholly-owned subsidiary of Yanxuan Group.
Even if they go public, Sun Yi and Yahoo don't have any shares to sell. They will continue to be restricted to start-up companies and cannot leave.
At this time, the official documents of Yanxuan Group and Ari Group were also sent to them.
Only then did they realize that they had been fooled, and then they first wanted to find Ma Yun, and wanted Ma Yun to give an explanation, but at this time Ma Yun didn't care about them at all,

Sun Yi, Yahoo, and the Taishan Clubhouse, who were in a state of desperation, sued Ma Yun to court.
Ma Yun didn't care about it at all. At this time, he and Wang Heng were soaking in the hot spring.

"Old Ma, we have to be careful of their recklessness, and pay attention to your personal safety."

"Sun Yi and Yahoo are better off, it's the Taishan clubhouse that has dirty hands."

Ma Yun is also a little scared. He vomited out 37% of the shares in the parallel world. Now that the whole Ahri has been swallowed up, Sun Yi and Yahoo will definitely not let it go.

But Ari is not listed, and all the assets belong to the group company. In order to lead by example, he has not received much salary from the company these years.

So don't look at his original worth of 4-50 million, in fact, he can't even come up with several million cash,

As for the 30 billion arrears borrowed by the Ahri Group for the annexation, Ma Yun is not in a hurry. Yanxuan Group is valued at 537 billion. As long as Ma Yun takes out 10% of the shares, it will be 53.7 billion. It is no problem to pledge a loan of 30 billion.

Wang Heng also knew the plight of Ma Yun, so he said directly,

"After you take up the post of president of Yanxuan Group, the company will set up a bulletproof convoy for you to travel, and expand your bodyguard team. These expenses will be borne by the company."

"Yeah!" Ma Yun didn't refuse, and knew in his heart how much trouble he had caused,

At this time, although Sun Yi, Yahoo, and Taishan Club have 19.7% of the shares, they only have 1.97% of the voting rights because of Yanxuan Group's ab shareholding structure.
The three parties could not even get a seat on the board of directors, and became minority shareholders with no right to speak.
As for Wang Heng and Ma Yun, the voting rights of the stocks in their hands are both 1:10, and the combination of the two is infinitely close to [-]% of the holdings.

So it's too easy to engage them in equity, although it is easy, but it must be reasonable and legal, and you can't let yourself suffer, so at this time the two are thinking about how to get another equity that oppresses them,

The company’s minority shareholders cannot be kicked out. If they want to force them to withdraw, they must either increase capital and expand shares to dilute their equity, or never pay dividends and not go public.
However, they are all capital, and Ma Yun has no money to increase capital and share. Naturally, capital increase and share expansion are useless.

It is even more impossible to never pay dividends and not go public, so dilution can only be achieved through continuous acquisitions of start-up companies.
Ma Yun thought for a while and said,
"How about this, let's set up a few more companies, and then let the group company buy them, so that after offsetting, at least half of their equity can be reduced."

Wang Heng frowned,
"To reduce half of the equity, it must be a start-up company worth at least 500 billion. Is this a bit exaggerated?"

"Of course one is not enough, but dozens of start-up companies are enough. Since its establishment in 1981, Softbank has invested in at least 600 companies, and the success rate is only 10%.

CDC climbed to the highest price of US$2000 in 220.3, and its total market value was once as high as US$50 billion. Then China.com changed its name to CDC Investment Group, and then started a new round of business expansion. Over the years, it has acquired nearly 20 companies one after another. Currently The market value has fallen by more than half.
Therefore, it is normal for Yanxuan Group to set up an investment department and acquire or merge dozens of start-up companies! "

For entrepreneurship, Wang Heng has a great say. After listening to Ma Yun's words, he said,
"I can think of dozens of start-up companies, you can add them."

Ma Yun nodded, and Wang Heng continued,

"According to the Internet+ model, clothing, food, housing, and transportation can be used in various industries. Needless to say, clothing, Pinxixi Mall, Yanxuan Mall, and Taobao Mall are all like this.

Food, is to move restaurants to the Internet, such as my Meituan, so that users can freely order food anywhere,
Live, is to move the hotel to the Internet, so that users do not have to look for accommodation everywhere,

Yes, it is to move the taxi to the Internet, so that users can conveniently hail a taxi anytime, anywhere.

……

Most importantly, as long as we acquire a map company, we can move all the above industries to the Internet. "

Wang Heng has long passed the mentality of starting a business by himself. His current mentality is to talk and let others do it. He will be half as good as he is.
His future development path is to take the road of capital investment,
After listening to Wang Heng talking about a bunch of companies, Ma Yun was thinking, who the hell is carrying a computer anytime and anywhere, and there must be an internet connection,

But after thinking about it for a while, he thought of the big move Wang Heng made years ago, and he felt it was an outlet at the time.
Now this is what Wang Heng said, and the feeling is even stronger.
"All of what you said requires a device to complete, and the computer is excluded first, so..."

Wang Heng was also straightforward, saying bluntly,
"That's right, it's a mobile computer, that is, a mobile Internet, a real smartphone."

Ma Yun tentatively asked,

"Why don't Yanxuan Group directly acquire your mobile phone company?"

Wang Heng looked back at Ma Yun. According to the domestic market value of the parallel world, Yanxuan Group is equal to JD.com + Alipay + Alipay. The market value in the future will be around 6-7000 billion US dollars.
The Honor mobile phone is at most equal to Xiaomi + OPPO, which is equivalent to more than 1000 billion US dollars, but only Wang Heng knows the market value of the two companies.
And half of the Honor mobile phone is Huahua. In the future, the system and chip of the Honor mobile phone will be inseparable from Huahua, so he can't put aside Huahua.

The conversion here is very troublesome, because it will definitely not admit Yanxuan Group's exaggerated valuation of 530 billion,
Of course, if the Honor mobile phone is valued at 530 billion, it will definitely be accepted by Huafu, but this will damage Ma Yun and his interests, which is very embarrassing.

Seeing Wang Heng's silence, Ma Yun immediately became more interested in smartphones. After all, the terminal of the mobile Internet is a smartphone. Only by mastering a smartphone can we build the company that Wang Heng just mentioned.

"Why don't we join hands to form a mobile phone company!"

"I think it's possible. Not only will we set up another mobile phone company, but we will also set up a software company that supports smartphones, and then form a mobile Internet ecosystem. In a few years, everyone will just go out with a mobile phone."

With such a huge domestic market, it is impossible for one company to be able to occupy what one Honor can occupy. Of course, Wang Heng is in favor of establishing another smartphone company.

Ma Yun has no money, so he has to use Yanxuan Group's equity to pledge the loan, plus he has to repay the previous 30 billion,
So this time he was more ruthless and prepared to pledge 20% of the equity of Yanxuan Group at one time, and borrow 60 billion RMB to repay the debt to start a business.
Ma Yun dared to bet because Wang Heng valued the Honor mobile phone, he misunderstood what Wang Heng meant,
Thinking that smartphones are the core assets of Hengda Group, all companies in Hengda Group, including Pinxixi Wang Heng, have released their equity at will.
But when it was the turn of the Honor mobile phone, Wang Heng didn't talk about it. Judging from the fact that Ma Yun has been in contact with Wang Heng for so long, Wang Heng has always been a ghost.

In addition, what Wang Heng said is that all Internet+ is inseparable from smartphones, so in Ma Yun's heart, he also paid more attention to it.

After discussing with Wang Heng, Ma Yun found Goldman Sachs Investment, pledged 20% of Yanxuan Group's equity to him, and borrowed 60 billion.
Then Xiaomi mobile phone was established, Ma Yun invested 20 billion, and Wang Heng authorized the mobile phone patent. This patent licensing fee was originally a special offer made by the boss to support Wang Heng. In addition, this part of the patent will also be used for mobile phones, so After the comparison, Wang Heng's patent fee is actually not as expensive as 20 billion.
But Wang Heng didn't know, he thought the patent was worth so much, and Ma Yun saw that he even agreed with it, so he had no objection.
In addition, the Honor mobile phone has been established for so long, and has applied for some peripheral patents one after another. Wang Heng authorized the new company together, and even the Honor mobile phone also supports the new mobile phone company for free in terms of technology.

For Wang Heng's move, the boss of Huahua also supports it. If smartphones want to become bigger and stronger, Huahua and Glory alone are definitely not enough. He also supports the establishment of more smartphone companies in China.
After all, Huawei focuses on technical support, and other mobile phone manufacturers cannot do without Huawei's technology, and Huawei sells only high-end mobile phones, which cannot be truly popularized.

Wang Heng and Ma Yun’s mobile phone is called Xiaomi. Wang Heng did not explain the meaning of the name, and Ma Yun did not delve into it. Wang Heng used patent authorization to get 49% of the shares, and Ma Yun invested 20 billion in cash to form the company and took 51% of the shares. ,

The remaining 10 billion of Ma Yun plus the 10 billion invested by Wang Heng Company, a total of 20 billion, established 10 Internet + companies,

For example, Internet + Dining = Are you hungry,
Internet + accommodation = Ctrip,

Internet + taxi = fast train,

Internet +...

Although these enterprises are very important, Wang Heng and Ma Yun have handed them over to their subordinates.

Hengda Group currently invests in no less than 20 companies, and it is naturally impossible for Wang Heng to pay attention to each of them.
For example, Softbank invested in more than 600 companies. If Sun Yi paid attention to each of them, how could he have so much time?
For Wang Heng, Hengda Group focuses on domestic companies such as Pinxixi Mall, Pinxixi Payment, Yanxuan Mall, Honor Mobile,

The next level, Meituan, the newly established Xiaomi, Le Youku,

Level one again, Hengda Media, JD.com, QR code company, DJI, Are you hungry...

Sun Yi, Yahoo and Taishan Club were very annoyed that they were being played by Ma Yun as hunters.

Although Sun Yi's 8.3% equity is worth more than 40 billion in terms of investment return, and he has earned more than 20 times the capital he invested in Ma Yun, but the account is not calculated that way.

In Ahli Group, he is equivalent to a master, but now Yanxuan Group is not even a grandson. What Ma Yun and Wang Heng are going to do, you don’t even need to specifically notify him. Yanxuan Group directly posts a notice, and Ma Yun can do it ,

Not to mention the establishment of a board of directors, and Yahoo, which used to be able to compete with Ma Yun for control, but now he has no right to speak, and has become a minority shareholder with no power.
The people in the Taishan clubhouse were even more angry. After suffering a loss on Pinxixi, they suffered another loss here, and this time they even lost their capital and profits. The original value of 40 billion shares was now only There are 20 billion left, which means that they lost half of it without doing anything.
The three parties did not wait for the domestic trial, and then sued Ma Yun to the international court.
The three parties still don't know that Ma Yun has not planned to let them go, and it is not too miserable now. After the equity is diluted again, they will know how ruthless Ma Yun is.

Ma Yun smiled after receiving the letter from the International Court of Justice. Ma Yun was really not afraid of them in the lawsuit, and Ma Yun even sent a letter to each of the three parties.
Then Sun Yi jumped up and cursed after receiving Ma Yun's letter, "Baga!"

(End of this chapter)