I have a thousand suites in Shenzhen

Chapter 172 Jack Ma is stupid

Bartz is a 60-year-old woman who is known for her tough style. When she heard Yi Anguo ridicule that she had too little power and was not as good as former CEO Yang Zhiyuan, she could make decisions on many major issues in the company without going through the board of directors. I suddenly felt a little angry.

After Taobao was listed last year, its market value once reached more than 200 billion US dollars. Now it has fallen to less than 50 billion US dollars, and the stock price is still falling. In addition, the financial crisis is getting worse. If you are not careful, the market value has dropped to It’s possible to get over 20 to [-] billion US dollars.

Now someone is willing to pay US$60 billion to buy 40.00% of the shares of the insurance company from them. This price is equivalent to a premium of more than 100%, which is higher than the market value of the entire Taobao company.

Therefore, selling is also a very good choice, so as not to be like Weiyin who offered 500 billion US dollars to acquire Yahoo, but rejected it at the time but regretted it now, and the market value has dropped to only 150 billion US dollars.

Former CEO Jerry Yang was even forced to resign. If he rejected the other party's request of US$60 billion to acquire Taobao shares today, and the capital behind Yahoo knew about it, would he become like Jerry Yang? What happens if you resign sadly?

Butz's mind was spinning rapidly, trying to figure out the stakes: whether to sell or not to sell!

"USD 60 billion, I will try my best to facilitate this deal." Butts, who had thought clearly, finally said decisively.

"Okay! If that's the case, then I'll give you another five hundred million dollars. I hope you won't disappoint me." Yi Anguo stood up, nodded, and at the same time stretched out his hand to shake hands with Butts and say goodbye.

After walking out of Yahoo's headquarters, Chen Xuejiao said: "Our offer of US$60 billion to acquire 40.00% of Taobao's shares from Yahoo! Isn't it a bit too high?"

"With this amount of money, we can almost purchase the entire Taobao company."

However, Yi Anguo smiled and said: "According to Taobao's current stock price listed on the Hong Kong stock market, US$60 billion to acquire the entire Taobao company is indeed more than enough."

"But the fastest growing and most valuable part of Taobao is actually Taobao Mall, which is the B2C business, not the previous B2B. Taobao's listing on Hong Kong Island is a spin-off B2C business, so Hong Kong Island The listed Taobao stock price cannot reflect the stock price of the entire Taobao company."

"The 40.00% stake in Taobao held by Yahoo is the 40.00% stake in the entire Taobao company before it was split, not the 40.00% stake after the split."

"Nevertheless, US$60 billion and 40.00% of the shares are definitely higher than Taobao's current valuation, but we are investing in Taobao's future growth value, so it is normal to give a higher price. .”

After listening to Yi Anguo's explanation, Chen Xuejiao nodded and said, "If the Anjing Online Supermarket you invested in defeats Taobao Company in the future, then your US$60 billion investment will be a huge loss."

"You still don't have confidence in your quiet online supermarket and think it will lose to Taobao. Taobao will be the biggest winner in the future."

Yi Anguo shook his head and said: "I can't say this. What will be the result? But even if Taobao Company loses in the end, it doesn't matter."

"But I think the biggest possibility is for both to coexist! No matter who wants to completely defeat the other, it will not be easy, and it will be difficult for anyone to dominate."

"And among the e-commerce online shopping platforms, in addition to Anjing Online Supermarket and Taobao Company, there are also Qiangdong Company, Fanke, No. [-] Online Supermarket, etc., and more e-commerce online shopping platforms will appear in the future."

"The domestic market is so big, and the cake is too big. It's impossible for one company to monopolize it! No one company has such a big appetite?"

"And if there are no competitors, it will form an absolute monopoly on the market, which is not a good thing for the development of a company. The national level does not want to see such a situation where the market is monopolized by one company."

"So whether it is Jingjing Online Supermarket or Taobao Company, at most we can only say who is stronger than the other, but it is basically impossible to say who will completely defeat the other and make the other side withdraw from the market competition."

If you want to acquire Yahoo's Taobao shares, you can't rush. Now you can only wait for Bartz's results.

Can this be done successfully?Luck is very important. Yi Anguo actually didn't have high hopes at the beginning, but now it seems that his hopes are quite high.

Next, Yi Anguo and Zhou Mengdie started touring the United States, while waiting for Butz's final result.

Yi Anguo did not interfere in other investment projects. Chen Xuejiao was doing very well, at least much better than he expected.

If I intervene and give random directions, the effect will not be better, and it may even affect Chen Xuejiao's performance.

Moreover, Yi Anguo basically told Chen Xuejiao the names of companies worth investing in that he knew. He couldn't give any advice to other companies whose names he didn't know. As long as the amount of investment was not large, Yi Anguo would not go to Gansha.

He just needs to make sure that he remembers the important investments and can successfully complete the investment and buy shares, and that's it.

For example, investment in Tesla is very important. This is a company with a market value of trillions of dollars in the future!
In addition, investing in Facebook is an unexpected gain, and Yi Anguo can only describe it as a surprise.

Although the investment requires up to one billion U.S. dollars and the shareholding is only 12.00% and 5000%, it is all worth it when you think about Facebook's future market value. At its highest, Facebook's future market value should be more than [-] billion U.S. dollars. You can get it casually The return is hundreds of times.

Although the acquisition of Taobao shares from Yahoo is only a temporary decision for Yi Anguo, Yi Anguo still attaches great importance to this acquisition. This may become Hualong Company's largest investment project.

Although Yi Anguo attached great importance to the acquisition of Taobao shares from Yahoo, he did not urge Bartz to ask about the final result. He even asked Chen Xuejiao not to show anxiety and wait patiently for the result. Just fine.

Sometimes the negotiation between the two parties is about patience. See who can't bear it first, who gets anxious first?Who is anxious first?Who loses?

It's not that Yi Anguo is not anxious, or that Yi Anguo doesn't pay attention to this matter, but he knows that it is useless to be anxious, because the initiative on this matter is in the hands of Yahoo, and the more anxious he is, the less likely he will be able to accomplish this matter .

As the saying goes, haste makes waste, but fortunately Butts did not disappoint Yi Anguo. Half a month later, after several negotiations, Yi Anguo always insisted that the most quoted price was US$60 billion, and he would not pay a penny. More added.

At this time, Taobao's stock price has fallen below 7 yuan, and is still falling. The stock price is half of the price when it was not in a hurry to go public.

When Taobao was listed, its stock price was 13.5 yuan, and it raised a total of US$15 billion in investment, accounting for 20.00% of Taobao's market value at that time. Taobao's total market value, after the IPO and before its official listing, was only US$60 billion.

At its peak, the stock price exceeded 41 yuan, an increase of more than three times, and the total market value reached 200 billion US dollars, exceeding the market value of Penguin at the time, and once became the company with the highest market value among domestic Internet companies.

But now, based on the current share price of Taobao, the market value has dropped to only US$30 billion.

And 60 billion US dollars is equivalent to the current total market value of the two Taobao companies.

Yahoo only holds 40.00% of Taobao's shares, which is equivalent to a market value of only US$12 billion.

The acquisition of US$60 billion is equivalent to a premium of 5.00%.

Even if Yahoo wasn't satisfied with this, Yi Anguo would slap the table and scold her, and leave directly.Faced with Yi Anguo's toughness, he refused to increase the price and threatened to terminate the negotiations. Yahoo finally signed an agreement to transfer Taobao Company.

Yi Anguo breathed a sigh of relief at this time. Although the price seemed a bit high now, Yi Anguo knew that he was the biggest winner in the future.

After the contract was signed, the two companies officially announced the acquisition.

At home, Jack Ma, who was unprepared for this, was stunned as if he had been hit in the head when he learned about this incident.

He never expected that after being rejected by him for investment, Yi Anguo would go to the headquarters of Yahoo in the United States, find Yahoo's new CEO Bartz, and forcefully acquire all the shares of Taobao held by Yahoo. It was simply taking advantage of him.

Yi Anguo is the boss behind Anjing Online Supermarket and the absolute controlling shareholder. He now holds 40.00% of the shares of Taobao Company. In the future, whether Taobao annexes Anjing Online Supermarket or Anjing Online Supermarket annexes Taobao, it can be said that it will It is already in an invincible position.

Jackma began to realize that his situation was embarrassing and very bad, so he hurriedly flew to the island country. He must establish a very strong offensive and defensive alliance with Son Zhengyi of the island country.

Only in this way can he not be in a passive position. After all, he and his founder team, plus Sun Zhengyi of the island country, and the combined equity of both parties can firmly suppress Yi Anguo.

Yahoo removed the directors who stayed on Taobao. Yi Anguo did not rush to send people to Taobao to serve as directors. Instead, he took the initiative to contact Jack Ma, making it clear that he would not interfere in Taobao's management and was just a pure investor. , I hope that Jack Ma will lead Taobao well and develop Taobao better, and not let his 60 billion US dollars investment go to waste and lose all his capital.

Jack Ma was dumbfounded again. He really couldn't figure out Yi Anguo's thoughts!

In the recent period, he has studied Yi Anguo as much as possible. After all, only by knowing yourself and your enemy can you be victorious in every battle!

But the more he studied, the more Jack Ma felt that the other party was a bit unfathomable!

It has only been five or six years since this person rose from humble beginnings. In his previous experience, he was simply a novice. He could no longer be an ordinary person.

Then he suddenly became rich, had many properties under his name, became a rent collector, and later established a property management company.

In 2006, he invested in Anjing Online Supermarket, which developed very rapidly. In just two or three years, it has become Taobao's biggest competitor.

Moreover, Jingjing Online Supermarket has not raised funds until now. Although it has not been listed, in terms of assets alone, it will definitely not be lower than Taobao Company.

After all, Jingjing Online Supermarket is completely self-operated and operates in the same way as in the industry. It builds its own logistics center and warehousing center. Products are not only sold in online supermarkets, but also in physical offline supermarkets. The money spent is just like running water.

Brand merchants are now allowed to enter Jingjing Online Supermarket, which poses a great threat to Taobao.

It’s just an investment, it’s just an online supermarket. They also invested in a Huaxing Technology Company to produce Huaxing smartphones. They were very popular as soon as they were launched, and demand exceeded supply. They were also high-end mobile phones, and each Huaxing mobile phone sold for 3999 yuan.

That's all, it actually invested in Penguin Company, Qiangdong Company, Vanke, and No. [-] Online Supermarket.

These companies invested by Yi Anguo are not only competitors of Taobao, but also competitors of Anjing Online Supermarket.

Moreover, Penguin Company also packaged its e-commerce business to Anjing Online Supermarket and opened all traffic entrances to Anjing Online Supermarket.

If Anjing Online Supermarket was still in a stage of fair competition with Taobao in the past, but after integrating Penguin’s e-commerce sector and adding Penguin’s traffic entrance, it can no longer be called fair competition. Jingjing Online Supermarkets are simply cheating.

In cities where Anjing Online Supermarket has been launched, Taobao's performance has been greatly affected.

Moreover, after Jingjing Online Supermarket integrated Penguin's e-commerce sector and accepted brand merchants to settle in Jingjing Online Supermarket, other third-, fourth-, fifth- and sixth-tier cities where Jingjing Online Supermarket has not yet launched have also begun to be greatly affected.

Because all brand merchants have started to implement free shipping services after entering Jingjing Online Supermarket. This was originally an advantage of Taobao Company, but now it has no advantage at all.

Now the logistics of Jingjing Online Supermarket has begun to be separated and operated independently. After the spin-off, the development speed of Jingjing Logistics is faster than before.

The services of Jingjing Logistics not only serve the cities where Jingjing Online Supermarket is online, but also other cities where Jingjing Online Supermarket has not yet been launched have also been expanded.

And the business scope of Jingjing Logistics has also expanded. It is no longer limited to serving Jingjing online supermarkets, but also serves other e-commerce platforms, and has begun to accept express delivery services from individuals, companies, and factories.

Now Yi Anguo has spent another 60 billion US dollars to acquire 40.00% of the shares of Taobao Company. He also proactively told him that he would not participate in any management of Taobao Company and asked him to lead Taobao Company well and make Taobao a good company. If the company is developing well, don't let his $60 billion go to waste.

Jack Ma was a little confused. What did Yi Anguo's operation mean?
Does he really hope that Taobao will become more powerful in the future and defeat his Quiet Online Supermarket?

However, Yi Anguo took the initiative to say that he would not interfere in the management of Taobao Company, which made Jackma feel much better.

But Jackma felt that just like this, it was still not safe, so he replied to Yi Anguo: "Since you don't want to interfere with the internal management of Taobao, how about we sign an agreement and you hand over the voting rights of the shares you obtained?" Let me take charge."

"It's not impossible to leave it to you to take charge! But there is a prerequisite! That is, you can't harm my interests or do anything behind my back?" Yi Anguo said.

"I have the right to take back my voting rights at any time if I find out that you have done something detrimental to my interests."

After all, Jack Ma was so calculating, and Yi Anguo had to guard against him.

If he hollows out Taobao Company and sets up another company, wouldn't he suffer a big loss?

"Mr. Yi, you are a shareholder of the company, and I am also a shareholder of the company. If I harm your interests, doesn't it mean I harm my own interests?" Jackma said with a smile.

"In short, as long as you run the company well and do not harm my interests, I will not exercise my voting rights!" Yi Anguo said.

"How did you lead Taobao Company in the past, and how will you lead Taobao Company in the future? The only difference is that Yahoo used to hold 40.00% of Taobao's shares, but now Hualong Investment Company holds Taobao 40.00% of the company’s shares.”

"If you feel it's not safe enough, I can also transfer 5.00% of the voting rights to you like Yahoo!"

Jack Ma was originally worried about losing control of Taobao Company. Now that Yi Anguo is willing to take the initiative to transfer 5.00% of the voting rights to him for execution, Jack Ma is much more relieved.

(End of this chapter)