America's Road to Fame

Chapter 467 Lost Chance Forever
Flipkart, founded in 2007 by two former Amazon employees, is India's largest e-commerce retailer.

Their original goal was to become India's "Ali Company".

However, despite the rapid development of this company, it still has strong competitors in the Indian e-commerce market, including the New Delhi electronic market Snapdeal and the fashion retailer Jabong, while Amazon and eBay have also entered the Indian market not long ago.

Therefore, Flipkart is also facing a strong challenge from the founder's former boss.

After Amazon entered the Indian market, it challenged competitors such as Flipkart with measures such as low prices, second-day delivery, new product categories, and vigorous promotion. For this reason, Flipkart also had to expand its business scope and seek more financing. and support to resist market competition.

At this time, Zoom made a move. Zoom, which was also preparing to enter the Indian market, chose Flipkart after careful investigation.

This time, because it is still busy building a complete e-commerce network in other regions, Zoom is not going to end it in person. After all, the Indian market also has its own complexity, and it cannot completely copy the European and American models. Huaguo has learned a lesson.

Therefore, in the end, Zoom and Flipkart hit it off. After negotiations, they invested 30 billion US dollars and obtained 60% of Flipkart's shares, making it a member of Zoom and blocking Amazon in the Indian market.

It has to be said that e-commerce companies are indeed burning a lot of money, especially in the Zoom company's self-operated and warehousing and logistics construction model, which is really impossible for ordinary companies.

Didn't Amazon continue to burn money for many years at the beginning, and it has always been in a state of loss.

The fact is that so far, Zoom’s more than 100 billion US dollars can’t last long in the rapid expansion of overseas markets.

But at the same time, its scale and market share are not the same as before.

If Amazon is currently the world's largest e-commerce company, Zoom is firmly in the second place, with a difference of only a dozen percentage points in terms of market share.

So what Rick Walton means now is that he is going to start Zoom's A round of financing from now on, and William Chen also agrees with this.

Yes, it is incredible that now Zoom is about to reach a valuation of $500 billion-this is also the pre-money valuation set by the two for Zoom's A round of financing-but now it is only going to the A round financing.

This is entirely due to the fact that the two founders of Zoom, Rick Walton and William Chen, are both rich and well-funded.

In addition, it was the investment in Groupon that allowed them to obtain a generous return of over [-] billion, thus solving most of the funds for medium-term expansion.

In Rick’s plan, this time Zoom’s financing will take out about 10% of the shares and raise US$55 billion for subsequent expansion in overseas markets.

In fact, William Chen and Rick Walton can pool these funds together. Needless to say, William Chen, Rick and his wife Delphine can also pool more than ten or two billion US dollars.

It's just that the purpose of Zoom's financing this time is not only to need funds for development, but also to introduce more powerful investment institutions to prepare for the subsequent IPO.

It is expected that by next year, Zoom will start preparing for an IPO.

Among Internet giants, such as Amazon and Google, they all went public when their market capitalization was not very high, but Facebook will conduct an IPO next month, and when it goes public, its market capitalization will exceed 1000 billion U.S. dollars .

Chen William remembers that last year, Wal-Mart Group proposed to acquire Zoom. At that time, their offer was 300 billion US dollars, but was rejected by Chen William. He believed that the value of Zoom could reach 500 billion US dollars.

As a result, his statement at the time made it difficult for the other party to accept, but now, just for financing, Zoom’s valuation has exceeded 500 billion U.S. dollars. If it is an acquisition, I am afraid that it will report 600 billion or even 700 billion U.S. dollars at this time. The price, I will not consider it here.

After all, at this time Amazon's market value has exceeded 1000 billion US dollars, and Zoom has made it very clear that it is on the way to catch up with and surpass Amazon.

It can also be said that Wal-Mart Group has forever lost the opportunity to acquire Zoom.

Even Rick Walton has changed his mind and never mentioned the merger with Wal-Mart Group. Instead, he is independently developing Zoom's warehousing and logistics system and enriching its self-operated system.

After all, the shares he currently holds in Zoom will be worth 200 billion US dollars, far exceeding the value of his shareholding in Wal-Mart Group. Zoom is now his most important business.

……

After swimming a few laps in the pool, William Chen went ashore to pick up a towel and wiped his body.

The London Olympics is not far away, only three months away, so he will also pay attention to maintaining his physical condition.

Wearing a professional suit and high heels, Cheng Biru walked up to William Chen, and handed over to William Chen the movie box office situation in the first half of the year and future plans that [-]th Century MGM had just handed over.

When he was looking at the report, Cheng Biru said:
"Mr. William, Ms. Oprah once again sent you an invitation for a talk show. This time, the show is in cooperation with Netflix, so Mr. Hastings also hopes that you can accept it. Talk shows attract viewers."

This is not the first time that Oprah has sent an invitation to William Chen. William Chen, who was just about to start a career, accepted Ms. Oprah's invitation not long after William Chen came to this world. She was on a talk show once.

That was the time when Chen William needed to eliminate the negative news left by his predecessor and change the public's perception of him again.

I have to say that the effect of that interview was pretty good. Many people, also from that time, re-acquainted with a "rehabilitated" William Chen.

After that, William Chen soared into the sky, and within a short period of time, he became a typical example of the "prodigal son turning back" and "rehabilitating" in the United States, and eventually became a very successful entrepreneur and investor.

Therefore, later on, Oprah invited William Chen many times, hoping that he could participate in his own program again. After all, after thinking about it, everyone knows that in the comparison between his previous interviews and his current successful career, It is definitely a burst that can attract all audiences.

Especially recently, after William Chen divorced Ivanta and is about to hold a wedding with Paris, whether it is his love life or business achievements, there are too many things that make the global audience curious.

"Let's reject her first. Well, it's not considered a rejection. Postpone it. I don't want to appear in public again before the wedding."

Chen Weilian pondered for a moment, then said to Cheng Biru.

(End of this chapter)