When I am reborn, I just want to be a top student

As one of the top bosses in the domestic Internet industry, Jack Ma is definitely having a very good time these days.

As the founder of Taobao, Alibaba's market value exceeds 1.4 trillion.

Moreover, as the largest e-commerce platform in China, it has millions of businesses of all sizes across the country.

Combined with logistics-related practitioners, it is definitely a super software that affects the nation.

If Jack Ma arrived in Qin Province at this time, he would be able to easily meet the general manager and sign an agreement with him.

In addition, an incident that happened at the beginning of this year also pushed Jack Ma's prestige to another height.

At the beginning of the year, the industrial and commercial authorities released a report on the results of targeted testing of online trading goods in the second half of 2014, in which Taobao was specifically named as having the lowest authenticity rate, at only 37.25%.

Selling counterfeit goods is undoubtedly a huge blow to an e-commerce platform.

Especially since it comes from an authoritative department like the industrial and commercial administration department, the documents released are more authoritative and credible.

So, four days later, Taobao forwarded an open letter through its official Weibo account, publicly calling out problems with sampling, procedures, etc. in the test report.

The industrial and commercial authorities responded to the doubts, stating that the standards for testing reports are unified and targeted testing is a normal working method.

Then, the competent department posted a "White Paper on the Administrative Guidance of Alibaba Group" on its official website, indicating that there were five major problems with the Alibaba platform and requiring Alibaba executives to overcome arrogance and stick to the bottom line, using quite harsh words.

However, what no one expected was that Taobao's response was extremely strong, directly stating the need to complain and officially breaking off relations.

Not only that, a 300-person "anti-counterfeiting team" was immediately established to carry out anti-counterfeiting activities on the platform.

At the same time, Jack Ma publicly stated: counterfeit goods are not caused by Taobao, Taobao is willing to take responsibility, but the problem of counterfeit goods needs to be addressed together, and his tone was not as strong as before.

At the same time, the official website deleted the white paper.

The matter did not end here. The leaders of industrial and commercial units said directly at the meeting, "Ali will be fined 1% of its transaction volume every day," "the penalty will be 1,800 or even several thousand times a year," and "across the country, 400,000 industrial and commercial personnel will issue fines to Ali platforms and merchants, which has become a normal practice."

It was also on this day that the higher authorities publicly stated that they would intensify the regulation of e-commerce.

Major news media followed suit, listing the pain points of e-commerce and pointing the finger at Taobao.

At this point, Alibaba naturally had no way out and said it was necessary and was preparing to make a formal complaint.

As a result of these changes, Alibaba’s market value evaporated by more than US$300 billion, and the bald eagle took advantage of the situation to rob. Many law firms launched investigations into suspected fraud in the listing.

On January 1, the Director of the Industry and Commerce Bureau met with Jack Ma, and the two sides reached a consensus, stating that the two sides will strengthen communication, jointly explore the Internet market supervision model, and build a new pattern of social governance.

That evening, it was officially stated that the white paper had no legal effect.

It was an extremely fierce game, which ended with a handshake and peace between the two sides. The strong attitude demonstrated by Jack Ma in this game caused a huge response in the Internet industry and the business community, and established Jack Ma's status in the industry.

It is conceivable that after this incident, Jack Ma's mentality has undergone tremendous changes.

So, after hearing the conditions offered by Wang Donglai, Jack Ma's face darkened and he looked at Wang Donglai with an oppressive look.

Faced with the strong sense of oppression shown by Jack Ma, Xu Zhibin turned a blind eye and continued to eat the food on the table by himself, as if he did not feel the strange atmosphere at all.

As for Wang Donglai, his expression was calm, but there was a hint of disappointment and regret in his eyes when he looked at Jack Ma.

"Mr. Ma, before I came here, I was actually quite looking forward to this meeting."

"It's just that I'm disappointed now."

"Five billion for 4% of the shares, I think this price is quite generous."

"However, Mr. Ma thought I was asking for too much and was unwilling to accept such conditions. In this regard, either Mr. Ma simply looked down on Galaxy Technology, or Mr. Ma was deliberately exerting pressure."

"Whichever the possibility is, I regret it!"

"In terms of artificial intelligence technology in China, the products developed by our company are definitely at the top level. Even now, when the technology has not yet been fully developed, the commercial value it possesses is enough to support a company with a market value of hundreds of billions."

"In the era of intelligence, electricity is ubiquitous and is often overlooked, but its existence is indispensable."

"The semi-solid-state battery technology I developed far outperforms all other batteries on the market and has excellent performance. The value of this battery alone is estimated at 100 billion yuan, which is just the beginning."

"On the other hand, the importance of the semiconductor field can be seen from the annual import volume of the country. This is how big a market it is."

"Five billion, four percent of the shares. If Mr. Ma thinks it's too much, then I can only say sorry!"

Jack Ma has always believed that he has great eloquence and can often move people with just a few words.

However, after hearing what Wang Donglai said, Jack Ma knew he was wrong.

Your eloquence is not important. It is mainly because of your identity that you become powerful with the blessing of money.

Just as Wang Dong said at this moment.

If it were a fledgling entrepreneur, he would not even listen to the end and would just leave halfway through.

However, the person who said this in front of him was Wang Donglai, a genius who had already produced a real product.

In just three years, he has turned Galaxy Technology into a giant company with a market value of over 100 billion yuan.

Moreover, it is obvious to the naked eye that Galaxy Technology already has the huge potential to become a trillion-dollar enterprise.

It only takes a little time to develop smoothly to this extent.

Jack Ma was moved.

But he was not willing to lose the initiative just like that. At the same time, he was reluctant to spend 5 billion and could only get 4% of the shares.

He wants more!
So, Jack Ma pretended to be calm and said, "Professor Wang, I only partially agree with what you said."

“Technology is indeed important, but on another level, it is not that important.”

“Only in the right hands and with the right marketing methods can technology really develop.”

“A great product is not necessarily a successful product. The two are not completely related.”

"Professor Wang said that artificial intelligence is the future. I don't deny that, but the current artificial intelligence technology is still far from true artificial intelligence. I don't know how many laboratories around the world are conducting research. Your company may be ahead for a while, but it may not always be ahead."

"In addition, the commercial value of semi-solid batteries is indeed great, but in front of real solid-state batteries, its value will be sharply reduced. Who can guarantee that other laboratories will not come up with real solid-state batteries? The development of solid-state batteries in the neighboring Sakura country is earlier than ours, and the same is true in the number of patent applications."

“A temporary lead may not always lead.”

"However, I do recognize your company's development model, and I admire Professor Wang's research and development capabilities, so I am willing to pay 5 billion, but I have to get 20% of the shares."

"As a senior in the business world, I must warn Professor Wang that a bird in the hand is worth a thousand in the bush. If you want to continue to maintain your technological advantage, you must increase your investment in research, recruit and discover talents, and purchase more and more advanced equipment."

"So, I think Professor Wang should be able to figure out what is the right thing to do."

Looking at Jack Ma who was talking big in a serious manner in front of him, Wang Donglai couldn't help but admire him.

All businessmen are dishonest!

It turns out that doing business requires thick skin and the ability to lie without batting an eyelid.

As one of the most successful businessmen in China, Jack Ma has mastered this ability. The instinct of a businessman is to maximize profits. By suppressing Wang Donglai's psychological expectations and creating a gap between the valuation and the actual price, Jack Ma can make huge profits from this.

To put it simply, Jack Ma devalued a product worth ten yuan to only three yuan, but in fact, it could be sold for twenty yuan in the market.

The bigger the price difference, the greater the profit for Jack Ma.

Wang Donglai could not be fooled by such tactics.

After all, Wang Donglai is the one who has upgraded [Economy] to level 6.

The reason why he chose this subject was not to help him achieve great success in business, but simply because he didn't want to be cheated by others.

Using your technological leadership to achieve commercial success is much more satisfying than using other means.

"Mr. Ma, I only scheduled two hours for this meeting. You were half an hour late, and another half an hour has passed. Now there is only one hour left."

Wang Dong looked at the time and reminded Jack Ma.

"Oh, it seems I need to thank Professor Wang for giving me this opportunity."

Jack Ma was unwilling to lose his aura as a business tycoon in front of Wang Donglai, so he responded with a veiled response.

Wang Donglai just smiled and didn't say anything.

Seeing this, Jack Ma took a deep breath, suppressed his unhappy emotions, and said, "Just now, Professor Wang said that Galaxy Technology's shares will not be split, and the shares of the subsidiaries will be taken out. Can you tell me more about it?"

Wang Donglai nodded and said, "It's very simple. Galaxy Technology has already involved in enough fields, and its scale has also grown. Naturally, we need to readjust the organizational structure. It's time to set up a separate subsidiary for each project."

Jack Ma also knew the details of Galaxy Technology, so he asked: "The TikTok developed by your company and the Weishi developed by Penguin Ma are on the same track. Isn't your company worried?"

Wang Donglai said confidently: "The lifeblood of Penguin lies in social interaction. As long as you don't challenge Penguin in this area, the pressure will always be limited!"

Jack Ma narrowed his eyes slightly and asked out of the blue: "Professor Wang, don't you know that the e-commerce platform is my lifeblood? Your company founded Pinyidao and poached people from my company. Aren't you afraid of me?"

"Penguin's social networking has essentially achieved a monopoly, and it won't give newcomers a chance. However, your company does not have a monopoly on the e-commerce industry, and it is absolutely impossible for it to achieve a monopoly, so it is natural for new entrants to appear."

Jack Ma's face was still gloomy, and he said, "From what Professor Wang said, it seems that he is more optimistic about Penguin Ma, but the opposite is true for me?"

Faced with this question, Wang Donglai hesitated for a rare moment, but still nodded and said, "Penguin Ma and Mr. Ma have different styles. Although Penguin is also very domineering, Penguin Ma is very low-key and rarely appears in front of the public."

"Mr. Ma is too flamboyant, likes to teach others, and enjoys being in the media."

"This is the difference between the two people's personalities. In terms of business model, I am actually more optimistic about Penguin. In my opinion, some of Mr. Ma's ideas and practices are already very dangerous."

Wang Donglai's answer was beyond Jack Ma's expectations.

After all, ever since he became famous, no one dared to say such unfavorable words to him.

So, Jack Ma subconsciously became angry.

But he still suppressed his anger and said, "Professor Wang, I would like to hear your opinion. What did I do to make you so pessimistic?"

Since he had decided to speak freely, Wang Donglai did not hold back and immediately asked a very pointed question: "Mr. Ma, do you think that the achievements of your company are all the credit of you and your team?"

Jack Ma nodded proudly and asked, “Isn’t it?”

"Oh, Mr. Ma, I don't think so!"

"There has never been an era of President Ma, there have only been President Ma of the times. Alibaba has indeed made tremendous achievements, which are due to President Ma's outstanding vision and business strategy, as well as the efforts of your company's executives and employees. But more importantly, it is the national transportation system and national network communication infrastructure invested and built by the state."

"If there were no infrastructure and logistics system that connected every village, if there were no signal towers and base stations all over the country, would your company's online shopping still be able to scale to such a large scale?"

"The biggest cost of the Internet industry has actually been borne by the state. All you need is a computer and an internet cable to start a business. The state is paying the cost."

"The development of online shopping cannot be separated from the support of the state. I'm sure Mr. Ma will not refute this."

"Of course, President Ma may talk about how many jobs he has provided, how much tax he has paid, how many billionaires he has created, how much money he has donated, and how many good things he has done."

"But isn't this what we should do?"

"Merchants are supposed to pay taxes. This is natural and required by law. When did it become a merit?"

"Provide employment? Can a company be established without employees? Don't employees create value for the company? So why use such a high-sounding excuse?"

When Jack Ma heard Wang Dong say this, he interrupted him immediately.

"Professor Wang, your words are a bit extreme. There are many factors that contribute to career success, including luck, strength, and external factors. These cannot be quantified at all."

"Also, although paying taxes and providing jobs are our responsibilities, there is no conflict between this and promoting the cause. On the contrary, such promotion is more meaningful to the entire society. I think Professor Wang should understand this, right?"

"Finally, if this is all Professor Wang has to say, then I am very disappointed!"

Wang Donglai took a deep look at Jack Ma, then changed the subject and continued, "Okay, then I'll tell you one more thing, Mr. Ma, you can think about it carefully."

"Your company has expanded into the media industry, founded CommonWealth Magazine and CommonWealth Online Business, invested in Momo, Weibo, and Wasu Media, and acquired equity in Alibaba Pictures, Xiami Music, and Huayi Brothers, etc."

"In addition, we have also invested in China Culture, Youtudou, Huxiu.com, 21st Century Media, Guangguang Media, Guangdong Media, Beijing Youth Daily, China Business Network, Dianguang Media Strategic Cooperation, Cover News, 36Kr, and Unbounded News."

"If you take a closer look, your company's layout in the media field is terrifying, and it's terrifying when you think about it carefully."

"Mr. Ma, you are a smart man. You should know that there are some things that you cannot touch and you need to avoid suspicion."

"Your company is like an octopus, spreading its tentacles and developing in various fields. Coupled with Mr. Ma's temper, if you don't restrain yourself, there will be disaster in the future!"

Jack Ma's face twitched and suddenly became extremely ugly.

Wang Donglai's words were undoubtedly a curse on him.

In addition to being angry, Jack Ma couldn't help but feel a little contempt.

He admitted that Wang Donglai did have a sharp vision and strong technical research and development capabilities, but Wang Donglai was still too young and did not understand some things at all.

An idea suddenly flashed through Jack Ma's mind, and he immediately changed his expression and said in a cold voice: "Professor Wang, since you are so pessimistic about me, I will not waste your time. The investment will be put aside for the time being. Professor Wang can go and see other investors first. If others agree with Professor Wang's valuation plan, how about I invest again?"

Wang Donglai immediately laughed, stood up, and said with a smile: "Mr. Ma, first of all, thank you very much for the hospitality today."

"If Mr. Ma is unwilling to invest, then today's meeting ends here. However, if Mr. Ma wants to invest again in the future, the price will not be the current 5 billion and 4% of the shares."

"Mr. Ma was late for half an hour just now. Ten million per minute. Then we can add an additional three hundred million."

"Farewell!"

Jack Ma was extremely amused, but he had made up his mind to call other people in the industry and put a stop to Wang Donglai's arrogance.

With his current status and fame in the industry, he can still do this as long as he gets the word out.

After all, it is just a pressure, not cutting off Wang Donglai's financing channels. Jack Ma is confident that other bigwigs will give him this face.

Doing this is actually beneficial to others as well. By lowering Wang Donglai's psychological expectations, they can gain more benefits.

In Jack Ma's opinion, no one would refuse such a proposal. (End of this chapter)