Rebirth of England.

In addition, Peninsula Oriental Group has reached an agreement with Shanghai to invest 10 billion Chinese yuan to build its international logistics distribution center near Shanghai Port.

At the same time, Peninsula Oriental once again signed an order for large container ships worth US$5 million with China Shipbuilding Industry Corporation, which will be delivered within the next five years.

Since Peninsula Eastern acquired the LNG business of AP Moller-Maersk for US$14 billion last year, together with the LNG ships they ordered from China that have been launched one after another, Peninsula Eastern Group now has one of the largest LNG transport fleets in the world.

At the same time, they have also been expanding the size of their bulk and container fleets.

Also signed this time was an agreement related to Peninsula Oriental’s port business. Peninsula Oriental Group will cooperate with a number of ports in China and participate in the operation and management of these ports in the form of investment.

"Since the subprime mortgage crisis, the global shipping business has entered a relatively sluggish phase, and many shipping groups have been forced to reduce the size of their fleets."

In an interview, Ed Christian, CEO of Peninsula Oriental Group, said:

"But risks also contain opportunities. We believe that the global economic recovery is coming, and now is a good time to expand. Peninsula Oriental Group attaches great importance to China's business and is one of the earliest shipping companies to enter the Chinese market. As early as the late 19th century, we had entered the Chinese market. Now China's shipping market is developing rapidly. We, Peninsula Oriental Group, will also be committed to cooperating with relevant Chinese companies to enhance our technical strength in this business."

……

"I think Alibaba will have plans for an IPO next."

"Yes, the preliminary plan is to prepare in the second half of next year, but the specific listing time will depend on the stock market situation..."

When Barron arrived in Shanghai, Cameron had already left for Rongcheng, China.

In Cavendish Gardens, Andy and Belle were playing with two ponies under the care of the maid.

Fan Bingbing personally poured tea for Baron and Boss Ma, then sat aside and listened to their conversation...

It can be said that Boss Ma has been having a great time recently. Not only did he complete the repurchase of Yahoo's shares in Alibaba with a huge amount of US$38 billion, but Cameron also came to Shanghai and made a special meeting with him.

You should know that Cameron's schedule in China this time was quite tight. Apart from attending some business gatherings with many Chinese entrepreneurs, Cameron only took time to meet with two Chinese entrepreneurs individually. One was Mr. Li of Geely Holding; the other was Mr. Ma in front of Baron.

Cameron met with Mr. Li, the boss of Geely Holding, because Geely acquired a 2006% stake in the London Taxi Company (LTC) as early as 20 before acquiring Volvo. Currently, a considerable number of London taxis are produced by Geely in China.

As for the meeting with Mr. Ma, it was naturally because of Alibaba's near-monopoly position in China's e-commerce field at that time - and before that, Alibaba's B2B business had already connected many small and medium-sized enterprises in China with orders from overseas companies.

Baron also knew that if nothing unexpected happened, Alibaba would definitely choose to go public in the United States. After all, the Hong Kong Stock Exchange is currently unable to accept a "partnership system" company like Alibaba. With this kind of corporate system, the possibility of a successful listing on the Hong Kong Stock Exchange is too low.

At this time, the relationship between Boss Ma and Barron is still relatively close. Of course, this is also because Barron promised to sell off some of his shares after Alibaba goes public.

Currently, Barron holds shares in Alibaba through DS Holdings (Cavendish Trust) and Rich23 Capital, of which DS Holdings holds 12.66% of its shares and Rich23 Capital holds 26.79% of its shares.

Baron had previously promised Mr. Ma that after Alibaba's overall listing, he would sell off at least 12.66% of DS Holdings' 10% stake in Alibaba within a year.

In this way, after the reduction in holdings, the proportion of Alibaba shares held by Baron will be lower than the proportion of shares held by Boss Ma and his team. Even if the voting rights of his shares are no longer given to Boss Ma one day in the future, Boss Ma does not need to worry about the control of the company falling into other people's hands.

Of course, Barron had his own plans for making such a promise.

He knew that in his previous life, Alibaba went public in the United States through its IPO in September 2014. At that time, the issue price of Alibaba's stock was US$9, and the closing price on the first day of listing was US$68, an increase of 93.89%.

In the following two months, Alibaba's stock price continued to rise, reaching its highest price since its listing at US$11 per share in November of that year.

However, due to the investigation by China's Ministry of Commerce and its own counterfeit problems, the stock price subsequently fell sharply.

Therefore, Baron can sell some of the Alibaba shares he holds at a high price to DS Holdings, and then have other companies buy them back after the stock price has fallen significantly. For example, Baron's Tianhe Holdings in China can carry out the buyback task.

It is worth mentioning that the U.S. Securities and Exchange Commission (SEC) does not have a hard and fast lock-up period for U.S. listed companies. However, generally speaking, in order to ensure the stock price performance of the company at the beginning of its listing, the original shareholders and employee shareholders of the company will sign an agreement before the IPO, stipulating a lock-up period of 90-180 days. This is a completely market-oriented behavior, the result of the game between companies and investment banks, and a necessary behavior for companies and investment banks to gain the trust of investors and improve valuations.

However, with the consent of the majority of shareholders and securities investors, an exception can be made, or the shares held by DS Holdings can be subject to a minimum lock-up period of 90 days...

I believe that in order to ensure that Barron can sell these shares, Boss Ma will definitely firmly support his request.

Even if he only gets a 90-day lock-up period, Baron will be able to list Alibaba earlier than the original time and space, so that he will have enough time to sell off that part of the shares before the Chinese Ministry of Commerce investigates and the counterfeiting incident occurs.

However, thinking about the listing of Alibaba, Barron looked at Boss Ma in front of him with a smile on his face - by that time, he would become the richest man in mainland China, and from that time on, Boss Ma would become a symbol of wealth in China.

This is how the “money power” comes from…