Yahoo occupies 40% of Taobao's shares, which is a huge crisis for Taobao's founding team.

To resolve this crisis, the best way is to repurchase Yahoo's equity. Not to mention repurchasing all of it, at least half of it must be repurchased first!

But Yahoo's new CEO has strong opinions on Jack Ma, believing that Jack Ma has not managed Yahoo China well.

But Yahoo China is just Jack Ma's godson. Of course he won't spend too much energy on it. He has no time to take care of his godson or his biological son Taobao.

The new CEO of Yahoo has a lot of opinions about Jack Ma, and of course he will not transfer the equity so happily. The reason why he is not taking any action now is just waiting for an opportunity.

According to the agreement reached when Yahoo invested in Taobao, five years later, in 2010, Yahoo's voting rights will rise to %.

In the five years before this, Yahoo held 35% of the voting rights in Taobao, and the other 5% of the voting rights were transferred by Jerry Yang to Jack Ma's founder team and exercised on his behalf.

Therefore, although the founding team headed by Jack Ma is only the second largest shareholder, it exercises the most voting rights and can firmly control Taobao's decision-making power.

But after 2010, after Yahoo regained % of the voting rights, it directly became the shareholder with the largest voting rights, and the number of directors increased from the previous one to two.

This is undoubtedly unacceptable to the Taobao founder team headed by Jack Ma. This will cause them to lose control of the Taobao company.

So they must start to prepare for a rainy day and find ways to buy back Yahoo's shares. However, Yahoo's new CEO has a very tough attitude and does not want to sell the shares to the Taobao founder team.

At this time, Yi Anguo took his assistant Zhou Mengdie to the headquarters of Taobao Company and asked to meet Jack Ma. As for his identity, he was still the CEO of Hong Kong Hualong Investment Company.

Hong Kong Hualong Investment Company is definitely well-known now. It invested in Huaxing Technology Company, invested in Anjing Online Supermarket, invested in Penguin Company, invested in Qiangdong Company, invested in Fanke, and invested in No. 1 Online Supermarket.

Although Jack Ma has not dealt with Hong Kong Hualong Investment Company, it does not hinder his understanding of Hualong Investment Company!

Why does Jack Jockey know so much about Hualong Investment Company on Hong Kong Island? Because whether it is Jingjing Online Supermarket, Penguin Company, Qiangdong Company, Fanke, or No. 1 Online Supermarket, these are all strong competitors of Taobao Company.

For competitors, Jackma must of course put some effort into understanding each other. Only by knowing yourself and the enemy can you win every battle.

Especially Penguin Company and Jingjing Online Supermarket are no weaker than Taobao.

Penguin is also listed on Hong Kong Island. Once Taobao's stock price skyrocketed after its listing, Penguin's market value was far behind Penguin. The market value was once as high as more than 200 billion US dollars.

But now, Taobao's market value is less than 50 billion US dollars, while Penguin's market value is still as high as more than billion US dollars, which is more than twice the market value of Taobao.

Although Jingjing Online Supermarket has not been listed, with the current scale of Jingjing Online Supermarket, the market value of its assets will definitely not be too low once it is listed.

Although the valuation of Qiangdong Company is not high, its development momentum cannot be underestimated.

Behind these companies, there is a major shareholder, which is Hualong Investment Company in Hong Kong Island.

In particular, Jingjing Online Supermarket is currently Taobao's biggest market competitor. Taobao does not need to take Penguin seriously. Penguin cannot threaten Taobao's position in the e-commerce field.

Taobao Company can also ignore small companies such as Qiangdong Company, Fanke, and No. 1 Online Supermarket, because their size is relatively small and their influence is only limited to certain areas.

But Jingjing Online Supermarket is different. It has been launched in large and medium-sized cities across the country, and even in many third-tier cities, and its influence is growing.

The key is that now Jingjing Online Supermarket has also launched B2C services, allowing brand merchants to stay in the supermarket with free shipping nationwide.

Moreover, Taobao has a payment guarantee, and Anjing Online Supermarket also has its Anjing Pay. Jack Ma has realized that Anjing Online Supermarket will become Taobao's biggest competitor.

Although Jingjing Online Supermarket has several shareholders, and the apparent founder is a person named Yi Haiyang, according to the information obtained by Jack Ma, Yi Haiyang’s shares are quite small. As for the other founder teams, The shares held by Hong Kong Island Hualong Investment Company are even smaller. It can be said that founders like Yi Haiyang worked for Hualong Investment Company.

However, the investor and major shareholder behind Jing Jing Online Supermarket, Hong Kong Hualong Company, took the initiative to come to his door and wanted to meet with him. Jack Ma couldn't figure out what the purpose of the other party's meeting with him was.

However, no matter what the other party's purpose is, he took the initiative to come to Hangzhou to see him? Jack Ma had no reason to refuse the other party's request.

After the meeting, although Yi Anguo actually met Jack Ma for the first time, because of the era before his rebirth, network information was highly developed, and Jack Ma was a man of the hour, so Yi Anguo was not satisfied with Jack Ma's appearance. Not unfamiliar at all.

"Mr. Jackma, I hope you won't take offense to me taking the liberty of coming to visit you." Yi Anguo said with a smile.

"It's such a joy to have a friend come from afar! I have admired Hong Kong Hualong Investment Company for a long time!" Jack Ma said with a smile.

“I have two major regrets in my life. One is that I failed to invest in Taobao when Taobao started and became Taobao’s major shareholder. The other is that I failed to invest in Penguin when Penguin started. "Yi Anguo said seriously.

"It is a pity that SoftBank and South African companies in the island country have been benefited in vain, and they have made money from our people."

"By the way, there is also Yahoo in the United States. If there is a chance, a way, if possible, I very much hope to replace it, even if it costs a high price."

"Mr. Yi, if there had been Mr. Yi and Hualong Investment Company back then, why would we, Taobao, have to go to island countries to seek investment?" Jackma said helplessly.

"In 2005, faced with the strength of eBay, we at Taobao had no choice but to find Yahoo Investment in the United States to invest in it to fight against eBay. There were no far-sighted bosses and companies like Mr. Yi and Hualong Investment in China who were willing to When we invest in Taobao, we are not optimistic about the Internet economy and the development of e-commerce, so we have no choice but to do so!"

"The situation of Penguin Company is similar. When it was short of funds and about to go bankrupt, Mr. Li from Hong Kong who originally invested in Penguin Company was no longer willing to invest in Penguin Company. No domestic company was willing to invest. In the end, only South African companies are willing to invest.”

“It’s not that we were unwilling to let domestic companies or individuals invest in us, it’s that domestic companies or wealthy individuals looked down on us at all, and we had no choice but to do so!”

"Yes! Let's not mention the past things for the time being. They are all in the past, and there is no use bringing them up again." Yi Anguo nodded and said.

"Not long ago, our Hualong Company has invested in Penguin Company, accounting for 20% of the shares. I believe Mr. Jackma should be very aware of this."

"Our purpose of coming here this time is the same. We hope to invest in Taobao and hold 20% of the shares."

"Of course, if Jackma wants us to invest more and take more shares, that would be better."

"In addition, one thing you can rest assured is that I am only interested in investing in Taobao, and I have no interest in managing Taobao, so I can give up my voting rights and hand over the voting rights to your entrepreneurial team for management. What do you think? how?"

"You want to invest in our Taobao, aren't you afraid of raising tigers? One day we will completely defeat Jingjing Online Supermarket." Jackma asked in return.

"When doing business, competition in shopping malls is inevitable. Whether Taobao defeats Anjing Online Supermarket, or Anjing Online Supermarket defeats Taobao, it is normal and I can accept it." Yi Anguo said calmly.

"Just like how strong Yahoo was in the United States before, isn't it sunset now?"

"The same goes for Taobao. There are many competitors, not only now, but also in the future, and always will be. If you are accidentally caught up by a latecomer and defeated, it is normal. They will continue to prosper and will never fail. Companies are, after all, a minority.”

"This is just like the ancient feudal dynasty in our country. The Qin Dynasty was strong enough! After the death of the second generation, wasn't the Han Dynasty strong enough? After a few hundred years, wouldn't it also fall apart?"

"In the prosperous period of the Tang Dynasty, all the kingdoms came to the dynasty. How powerful they were, but they perished in just a few hundred years."

"What's more, it's just a commercial company. No matter how powerful you are, there will always be a time when you retire. Can you guarantee that your successor can continue your glory?"

"Mr. Yi, to be honest, our Taobao company's current financial situation is very good. We have more than 60 billion yuan in cash in our bank and company accounts. We are not short of money at all, so we have no plans to raise funds for the time being." Jack Ma After thinking for a while he said.

Yi Anguo shook his head and said: "I think you know better than me the current situation and crisis Taobao is facing. What Taobao lacks now is the emergence of another major shareholder to dilute Yahoo's equity. , this is the most beneficial to you, I think what I said is right!"

"If we accept your investment, we can indeed dilute Yahoo's shares. The problem is that the shares of our founding team will also be diluted!" Jackma asked.

"That's true, but I can give the 20% of the voting rights that originally belonged to me to your founder team to manage on my behalf. In this way, the voting rights in the hands of your founders, plus my 100% If you have 20 voting rights, then you will occupy the majority. You no longer need to worry about Yahoo seizing power. Wouldn’t your equity crisis be resolved?" Yi Anguo nodded and said.

"What Mr. Yi said does make sense, but we can definitely use money to repurchase shares from Yahoo." Jackma said without any worry.

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