Rebirth of the Wild Age

When they learned that Song Weiyang wanted to invest 10 million US dollars, Goldman Sachs immediately quit, thinking that Song Weiyang had broken the rules.

This round of financing for Alibaba was led by Goldman Sachs. Goldman Sachs represents the American market, ab represents the European market, and tdf represents the Southeast Asian market. These three companies are willing to accept Jinniu Capital because Jinniu Capital can represent the Chinese market, but they do not want Jinniu Capital to hold too many shares.

Just like Alibaba’s second round of financing in history, Softbank, representing the Japanese benzene market, insisted on investing US$30 million, but was directly rejected by Goldman Sachs. After many negotiations, it was allowed to inject US$20 million.

Ma Xiaoyun flew to Shenghai in person, had an interview with Song Weiyang, and then called Goldman Sachs to discuss it. It took more than half a month to compromise with each other. The result is as follows: Alibaba's valuation was raised, and the capital injection amount of Jinniu Capital was reduced. To 6 million U.S. dollars, several investment banks led by Goldman Sachs raised the total capital injection to 8 million U.S. dollars.

Alibaba’s shareholding structure becomes: Ma Xiaoyun’s team (48%), Song Weiyang (10%), Golden Bull Capital (18%), and investment banks led by Goldman Sachs (24%). Song Weiyang is the substantial shareholder.

Ma Xiaoyun is at a disadvantage!

Because Alibaba is developing too fast and is about to enter the blowout stage. Historically, Alibaba’s valuation doubled directly after only two months of financing again. After obtaining US$25 million in financing, Ma Xiaoyun’s team still holds absolute control. Another three months later, Alibaba raised funds again, and its valuation doubled several times. After financing 82 million US dollars, Ma Xiaoyun's team still owns 47% of the equity.

Now, due to Song Weiyang's intervention, the first round of financing was too much, and Ma Xiaoyun's team only has 48% of the equity left.

Of course, with the means of Ma Xiaoyun and Cai Chongxin, the shareholding structure will definitely be purified in the future.

Historically, Alibaba’s b2b company was listed in Hong Kong City. Before listing, it directly introduced Yahoo’s US$1 billion in financing and used the US$1 billion to complete the liquidation. The equity of early investors was almost wiped out. Next, Ma Xiaoyun privatized and withdrew from the Hong Kong stock market, closing the door and fighting the tiger frantically weakening Yahoo's equity.

During this period, in order to repurchase Yahoo shares, Ma Xiaoyun also brought in investors from the United States, Singapore and Russia. In order to counteract these new shareholders and obtain domestic policy support, Ma Xiaoyun brought in a group of national teams, including: China Investment Corporation, CITIC Capital, Boyu Capital, CDB Capital and so on.

Therefore, don't think about holding Alibaba, let alone pointing fingers at Ma Xiaoyun. Whichever holds the most shares will be the target of Ma Xiaoyun's attack. Even if Song Weiyang continues to invest more, it is impossible for Song Weiyang's future equity to exceed 35%.

However, Song Weiyang can invest in Alipay in the future. The central bank wants to prevent foreign capital from controlling China's financial system. When Alipay grows bigger and bigger, it is inevitable to exclude foreign capital, but Ma Xiaoyun's approach is not very honorable.

...

Sheng Hai.

Ding dong, ding dong!

Lin Zhuoyun jumped up from the sofa when she heard the doorbell, opened the door and said, You came so fast, bring your things in.

Song Weiyang heard noises in the study, and went to the living room to take a look, only to see a man coming in with a cardboard box on his shoulders.

What's the situation? Song Weiyang asked.

Online shopping is very fashionable now, Lin Zhuoyun said as he unpacked the cardboard boxes. I tried to buy some books and VCDs, but I didn't expect that the order was placed in the morning and it would be delivered in the afternoon!

Song Weiyang smiled and said, It's pretty fast.

Lin Zhuoyun said excitedly: It's like in a sci-fi movie. Chinese people can also shop online. It's unbelievable to think about it.

Song Weiyang was quite curious and asked, How did you pay?

Lin Zhuoyun said: You can remit money first, but this method is too slow. You can also pay by cash on delivery, but there are very few merchants that support cash on delivery. 8848 has electronic money. If you remit and recharge in advance, you can use electronic money to buy goods. Things. Really, it’s very convenient, I don’t have to go out to buy books in the future!”

Song Weiyang rarely saw Lin Zhuoyun so excited, as if he had opened a door to a new world.

Just before the National Day, China's first B2C website 8848.com launched an activity called 72-hour Internet Survival Test. Twelve volunteers from Beijing, Shenghai, and Huadu were dispatched to completely unfamiliar cities. They were locked in a hotel room with only one computer to communicate with the outside world. They had to shop online to survive for three days.

One of the volunteers only got access to the Internet after signing up. She couldn't even send and receive emails, so she couldn't confirm the emails from the meal ordering unit. In order for her to have a meal, netizens posted hundreds of posts offering advice, but the volunteer didn't know how to browse the forum.

Of course, there are also some old Internet bugs who turn on the Internet as soon as they enter the room, and even bought razors and water dispensers. However, I was so hungry that it took several hours to order food online and it was delivered. After ten years, I was already complained and rated badly.

The whole event was filmed and broadcast by CCTV, which quickly caused a national sensation. 8848 and online shopping became fashionable topics. Lin Zhuoyun guessed that she started shopping online only after watching the show.

Today's e-shopping in China has become the world of 8848. And Wang Juntao, chairman and president of 8848, also has an online name Lao Rong, and he wrote the post Dalian Jinzhou Doesn't Believe in Tears.

If 8848 insists on doing b2c, I am afraid that Taobao will be suppressed in the future. Unfortunately, this company is controlled by capital (it received 60 million US dollars in financing this year).

Investors such as Yahoo and Softbank only wanted to go public quickly, but the Internet bubble burst. They saw that Ma Xiaoyun was making b2b like a raging fire, so they forced 8848 to transform. Because Wang Juntao was disobedient, they also hired Tan Zhi, the vice president of Microsoft, to be the airborne CEO.

This is pure nonsense. At that time, 8848 was already the B2C overlord, and it was the first choice website for Chinese netizens to shop. As a result, he gave up his main business and had to go head-to-head with Alibaba, but without Alibaba's reputation and resources, his death was not too ugly.

Lin Zhuoyun happily put away the books and vcds, held a book and asked with a smile: Tell me, will China become like a science fiction novel in the future, where only a computer can survive, and food and clothing can be bought directly from Order online?

It's simple, it will be over in another ten years. Song Weiyang said.

Just brag, Lin Zhuoyun obviously didn't believe. Ten years later, 10% of Chinese people can afford computers. If many people order food online, I'm afraid there won't be enough delivery staff. How can restaurants support them? Come on. If there are few people ordering food online, then the restaurant will not make much money, and the income of the website will not be high.”

Song Weiyang said with a smile: You can set up a special company, each person is equipped with a motorcycle, the restaurant will deliver it if there is an order, and rest if there is no order, and there is no need for the restaurant to hire its own delivery staff.

Lin Zhuoyun thought seriously and said: It seems to be possible, but there must be more people ordering food, otherwise the salary of the delivery staff will drag down the company.

The two were looking forward to the future when Doudou suddenly rushed in with a VCD in his hand.

Doudou ran back into the room without saying a word, and when she came to the living room again, she was already covered with a quilt, holding a small folding fan in her hand.

Song Weiyang said cheerfully, What kind of look do you have?

Doudou didn't answer, but turned on the TV and played the pirated VCD.

I saw a woman appearing on the TV screen, she was all golden, and started dancing to the beat of the music.

The bean-shaped maniac danced along with him, waving his fan from time to time, and put the tail finger of his left hand to his mouth, yelling like a madman: Ali, Ali, there is Maiduma, where is it from Naga? Where is Saralin...

Lin Zhuoyun said, What's the situation?

Song Weiyang scratched his head and said, Has the Korean Wave come so early?