The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 501 Ma Qingyang: Abolition of overseas branches

While Chen Daojun and his party were on their way to Lin'an City, a meeting was being held at Ali Baba Company.

As the recent crisis in the Internet industry continues to spread, the situation of their company Ali Baba is getting worse and worse.

Last year, Ma Qingyang successfully obtained 2000 million U.S. dollars in financing from SoftBank of Sun Country, which can be said to be a great start!

From a financing point of view, Ali Baba is indeed going very smoothly. After all, as a "new" company that has only been established for one year, it is absolutely crushing to be able to obtain more than [-] million yuan in financing in such a short period of time. many domestic colleagues.

Of course, this also has something to do with Ali Baba's financing targets.After Softbank invested in Yahoo at that time, it helped the founder of Yahoo become the richest man in the world. It is for this reason that Softbank dared to invest heavily in internationalization.

After obtaining financing, Ma Qingyang began to aggressively build his own business framework, and opened 5 offices around the world in one go, including: the United States, South Korea, Europe and other places.

And the situation behind this is that the more offices are opened and the more staff are recruited, the faster the company will burn money, and the expenses in just one month will exceed 170 million US dollars!
Now there is less than 600 million US dollars left in the company's account. If this continues, Ali Baba will go bankrupt in less than 4 months!
"Mr. Ma, given the current situation, we have only two options. One is to quickly develop a profitable business, and the other is to lay off employees..." the subordinate said with some embarrassment.

"Developing a profitable business? Humph~! That's easy to say. If it were so easy, how could those Internet companies get to this point?" The manager of the project department couldn't help but mocked, if it were so easy to develop a new business , their Ali Baba company has taken off long ago, how could it be reduced to where it is today?
I haven’t seen those "predecessors" in the Internet industry listed on Nasdaq in the beautiful country. They all suffered a little bit of losses, and their stock prices fell more miserably. If there is really a way, the headwind will rise soon~!

Hearing what the colleague from the project department said, the others couldn't help but fell silent. Although the other party spoke a little aggressively, it was true.The domestic Internet industry is still in its infancy, whether it is Sina, Sohu or NetEase, these three "predecessors" who went to the beautiful country to go public, the current situation is more miserable than the other!

……

"Mr. Ma, why don't we try again and see if we can find financing from other financial institutions? As long as we can get tens of millions more dollars in financing, we, Ali, will definitely be able to survive!" The financial director on the side broke. Silence, speak.

"Lao Jin, how can it be so easy to raise funds at this time? It is well known that the Internet market is not good. Foreign financial institutions are eager to sell their Internet company shares as soon as possible. Taking the risk to come here to take over the order?!" Another older executive couldn't help but complain.

……

"...Okay, everyone! The current situation is imminent, increasing income and reducing expenditure is the general trend! Opening up income, there is no hope in a short time! I decided...to lay off staff!" Ma Qingyang, who was sitting in the main seat, said after a long silence.

"Huh? Are we really going to lay off people?!"

"No way? We've only been established for a year!"

"...It's over...I don't know who will be laid off..."

There was a lot of discussion in the conference room. The news of layoffs came too suddenly, and they were not prepared. After all, they lived a very comfortable life last year and had a bright future. However, in just one year, the situation took a turn for the worse...

Ma Qingyang looked at the subordinates in the conference room, and then said, "Don't be nervous, I want to lay off the overseas employees and keep the domestic employees!"

"Mr. Ma, are you laying off employees in overseas companies? Will this be too much of a sacrifice?!" A subordinate wearing glasses was stunned for a while and couldn't help but ask.

"It's just a matter of survival with a broken arm! ... As long as the domestic company headquarters is still there, Ali Baba will still be there!" Ma Qingyang sighed, looking at the group of brothers and sisters in front of him who were "conquering the world" with him, and felt emotional said, "As long as you are all still here, I believe Ali Baba will be able to recover and rise again!"

"Looking for financial institutions to continue financing, Lao Cai, you can look for it again. Even if you have to pay more shares, I can accept it!" Ma Qingyang sighed and said firmly.

Everyone in the conference room was very moved when they heard that Ma Qingyang finally decided to abolish the overseas branches and save them. After all, if it were another boss, maybe they would be eliminated instead of the overseas offices. .

------Dividing line------

When Ma Qingyang finished the meeting and returned to his office, his assistant hurriedly knocked on the door and walked in, "Mr. Ma, we just received a call from the Miracle Group from the Imperial Capital. They have a delegation that will arrive in Lin'an City tomorrow. I want to come over to inspect and visit our Ali Baba company!"

"What?! You mean the real estate giant in the imperial capital—the Miracle Group?! They sent a delegation to come to our place, and they want to inspect and visit us?!"

Ma Qingyang was shocked by this news!He has heard about the Miracle Group in Yanxia Kingdom for a long time!There are more than a hundred commercial plazas and high-end office buildings in China. Its e-buy department store has established huge shopping malls in dozens of first-tier and second-tier cities in China, with a daily turnover of tens of millions of RMB. !

This Miracle Group is notoriously rich and powerful!If they can take advantage of this opportunity to embrace Miracle Group's thigh, then the crisis of their Ahri Baba Company will not only be easily resolved, but may even be brought to a higher level!
"Did the other party explain who the big names were in the inspection team?" Ma Qingyang asked quickly, suppressing the excitement in his heart.

"...This is not clearly stated." The assistant hesitated for a while and said.

"Okay, I got it." Ma Qingyang couldn't help sighing. He originally thought that some important person would come. In this case, with his sharp tongue, he might be able to persuade the other party to invest in their Ahri Baba company. Just like when he persuaded Sun Zhengyi of Softbank Group.

……

It was already noon the next day when Chen Daojun and the others arrived in Lin'an City. They also arrived with Li Bin, the head of the personnel department of the Yanxia Miracle Group, and two staff members of the personnel department.After everyone checked in, the group of six people set off towards the location of Ali Baba's company.

(End of this chapter)