America's Road to Fame

Chapter 362
Therefore, William Chen directly rejected Boss Ma's proposal. He said:
"Old Ma, you know, I have always been very optimistic about Ali, and I have been supporting your management of Ali. You should understand that I don't have too many thoughts on Ali. I only regard investing in Ali as a financial investment. In the future, I will reduce my holdings of Ali shares, but not now."

"Is this price still far from your expectations?"

Boss Ma understood the meaning of William Chen's words.

Uh, although Boss Ma used to give people the impression that he often uttered big words and was suspected of bragging.But in the end, it seems that most of his bragging has come true, and this is his awesomeness.

But I am afraid that even he himself would never have thought that Ali's market value would reach 8500 billion U.S. dollars in the future, so if William Chen said this at this time, I am afraid that Boss Ma would go crazy and think William Chen's bragging Critic skills are higher than him, and he may even suspect that he doesn't want to sell Ali stocks at all, just using this as an excuse.

Therefore, under consideration, Chen William still prepared to be conservative and said:

"Even at your current price, the valuation of Ali is only 500 billion U.S. dollars. This is not what I am optimistic about Ali. In my opinion, if Ali is listed as a whole, then the valuation of 2000 billion U.S. dollars is relatively normal. "

After William Chen finished speaking, he saw Boss Ma's eyes widened, and with that expression, he almost blurted out: "You can really blow!" Such words came.

It seems that even Chen Weilian's conservative figure shocked Boss Ma, and he couldn't help but feel how lonely his eyes that could see the future made him feel.

"I can give this price." Boss Ma said angrily: "It's not that I want to buy it, but those investment companies in Huaguo want to buy it. You know that these requirements actually make me very embarrassed. Ali wants to develop To make it smoother, it is necessary to let some state-owned assets enter, if I tell them your asking price, they don’t know how to scold you for being greedy behind your back.”

"So, Ma, those people can't accept this price, it can only show that they don't have enough confidence in Ali. Anyway, I won't make a move if it is lower than this price."

Chen Weilian glanced at Boss Ma, and said lightly: "Old Ma, I also understand your thoughts, don't worry, I have no other thoughts about Ali, otherwise, I am not stupid, Ali can only be in your hands." The development is better, and with Ali's growing size, Huaguo will not allow foreign capital to control management rights, and financial investment is already the biggest possibility."

What Chen William said, Boss Ma also understood, he pondered for a moment, and said: "William, even if you don't take out the shares from yourself to those state-owned assets now, before Ali goes public, you will definitely raise money again to let the national team Come in, you have to be mentally prepared for this.”

"I understand this, old horse, don't worry, I am different from those Wall Street people, I understand what you said, and as long as the other party is not too outrageous, I will agree."

Chen William paused, and continued: "But Ma, in fact, Ali's support is not the most important thing. For financing, there is no need to release too many shares. Alipay is the one that needs their support the most. So If Ali raises funds, if they can restrain themselves, I can agree that before Alipay IPO, I will transfer my Alipay shares to them at a suitable valuation."

"Really?"

Boss Ma's eyes lit up after hearing William Chen's statement.Indeed, as Chen William said, compared with Ali’s e-commerce, in fact, Alipay’s payment field requires the participation of the national team and strives for their support. If it is true as Chen William said, then he can hold it. All Alipay shares are taken out and sold to those national teams before listing, so this is a better choice for Boss Ma.

Because e-commerce is okay, to be honest, whether it is Jingdong-he doesn't pay much attention to it, or Zoom-it is naturally not easy to enter the Huaguo market. Ali's threat is not too great.

But in terms of payment, PayPal's threat to Alipay is what Boss Ma is most worried about, so if William Chen can sell all Alipay's shares at that time, this will be a worry for Boss Ma, and he will I'm not afraid that PayPal will be able to snoop on Alipay's business content.

According to William Chen’s previous life, if Boss Ma finally distributed more than 30% of Alipay’s shares to Chen William and Sun Zhengyi, then Chen William would be able to get nearly 20% of Alipay’s shares. Certain influence.

The reason why William Chen made this decision was to seek advantages and avoid disadvantages.Because he knows that Ant Financial’s IPO in the future is destined to be full of twists and turns. It has already been approved, but it was urgently stopped, because there are too many tricks in it...

Well, William Chen might as well use a relatively good valuation to cash out those shares before then.

The conversation between the two has reached this point. Although Chen William refused to sell his 50% Ali shares at a price of 10 billion US dollars, his subsequent statement made Boss Ma quite satisfied.

Afterwards, the two chatted, and talked about the increasingly heated group buying war recently.

At this time, group buying is a very popular concept in Huaguo. Since the first group buying website in Huaguo was launched in early 2010, so far, the number of group buying websites in Huaguo has exceeded 5000.

Among them, there are many major portal websites joining in, and there are also new group buying websites. Platform Internet companies such as Zlang, Penguin, Kaixin, Renren, etc. have also entered the field of group buying. Group buying has almost become a standard function of Internet companies.

And the reason why so many companies joined it has something to do with William Chen.

Because the earliest group buying website Groupon he invested in, this company can be said to be the originator of group buying. At the beginning, in Groupon’s A round of financing, Zoom invested 4000 million US dollars and got 40% of the shares.

Later, in the B round of financing, Meta Investment Company also participated, with an investment of 1 million US dollars, and got 20% of the shares, while Zoom followed suit and maintained a 40% shareholding. Groupon's valuation, from 1 million US dollars, pushed up to 5 million US dollars.

With the blessing of these funds, Groupon became the fastest growing company in the world last year, none of them.

At the end of last year, Google put forward a takeover offer for Groupon. Initially, their asking price was 25 billion US dollars, but it was rejected by Andrew, the founder of Groupon.

Until February of this year, Google's acquisition price for Groupon has reached 50-60 billion US dollars, because this company has been developing rapidly during this process, causing Google to have to adjust again and again. high purchase price.

But in the end, Groupon rejected Google's acquisition because they were preparing for an IPO. As of now, Groupon is in the IPO process, and the crazy thing is that the company's valuation has reached 250 billion Dollar!
The wealth myth created by Groupon in the field of group buying has also encouraged those entrepreneurs. As we all know, many domestic venture capital investors like to compare those successful Internet companies in the United States to find similar investment projects in China. .

For example, people will regard Ali as China's eBay or Amazon, Alipay as China's PayPal, and Youku as China's Youtube... In short, whenever there is a myth of Internet wealth creation in the United States, then those Investors immediately hope to find a similar company in Huaguo and invest in it. Maybe it will be the next myth of wealth creation.

And at present, it seems that many of this investment model have been successful!
Therefore, as Groupon was acquired by Google at a price of 60 billion U.S. dollars, and they launched an IPO with a valuation of as high as 250 billion U.S. dollars, in China, various venture capitalists also began to frantically pour into the group buying track, investing in what they have Good project.

The result is that within a short period of time, more than 5000 group buying websites have appeared in Huaguo. William Chen knows that in the entire Thousand Regiments War, a total of more than 70 billion Chinese dollars of investment from venture capitalists will be burned. In the end, less than 1000 of these group buying websites will survive, and the others will die in this cruel money-burning war.

(End of this chapter)