"Do you think I'm jealous of Lawyer Liu's lawyer's fees? Don't worry, if you have the chance to do this kind of business, you can do it. If you have to respect the rules of the industry, I won't force it. I have a lot of things, and it's not a few hundred million yuan, so I can earn anything else."

Feng Jianxiong's words dispelled Jack Ma's biggest doubts.

It turns out that it is not for the strong legal business.

However, Feng Jianxiong changed his tone just right: "Of course, whether it is vie architecture or Nasdaq IPO, after all, our Chinese companies have been practicing for more than ten years, and the difficulty is not as high as that used to be. To be honest, I can learn eighty or ninety percent of the tricks of Lawyer Liu. At most, in terms of some subtle and profound details, it is not as perfect as he operates and carefully considers the clients.

However, if I leave it to me, I have my advantages. Liu Gang is too focused on the law. He cannot see the general trend of the investment market, nor can he see the capital fluctuations caused by competition from other Internet companies. In his eyes, only his customers and regulators."

When Jackma heard this, he couldn't help but laugh and scolded: "I said, you are so jealous of these hundreds of millions of lawyer fees in such a big circle!"

"I'm really jealous! If you don't believe me, I won't charge you money and tell you some real information! After being verified in the future, you will decide how to repay me based on your conscience." Feng Jianxiong said confidently.

"Oh, then I want to hear, where do you have the confidence?" Jackma sneered.

Feng Jianxiong responded and asked: "Okay - that's fine, tell me, Liu Gang suggests that you complete the delisting work on the Hong Kong stock market? When will you successfully go to Nasdaq? I will tell you what's wrong with his decision."

Jack Mallor was suspicious and felt that there was nothing worth keeping secret, so he answered truthfully: "His suggestion is to complete all delisting work in the middle of next year, then stay silent for a year, go to Nasdaq to operate, and prepare all financial preparations from now on. After about two years of delisting, the listing on Nasdaq will be officially completed, which is after the summer vacation in 2013."

Many people who know the history on Alibaba’s table may be surprised to hear this - Didn’t Alibaba delay it until the end of 2014 before going on the Nasdaq IPo?

Why is Jack Ma mentioned when he is chatting with Feng Jianxiong now that the planned time point is more than the actual history of later generations, about one and a half years ago?

What's wrong here?

In fact, history is of course wrong, and Jackma’s plan here is not wrong. It was because several major changes occurred later, which made the process brake.

Feng Jianxiong knew exactly the important principles behind these major changes.

Feng saw Xiong as if he was holding his hands, and proudly declared: "So, this is what I want to say. Liu Gang's first mistake in his plan - he is too cautious and not brave enough to be aggressive. He only hopes that before this delisting, he will fully build momentum to press the outstanding shares to an ideal low price before repurchasing them. However, he did not expect that delaying the delisting for more than half a year will have any adverse effects on a series of future recruitment in the future. People who look at big strategies should have the same vision as you, rather than appearing only as a lawyer, he must understand the general trend of the world!"

Jack Ma was slightly moved, but still did not rule out the possibility that "Feng Jianxiong might just be exaggerating". He asked calmly: "Then tell me, what should you do if you were to operate the delisting? What is the 'world trend' behind this?"

Feng Jianxiong said naturally: "If it were me, of course I would rather let Ali lose 5% to 10% of the repurchase funds, and strive to complete the delisting work ahead of time this year! Then, accordingly, go to the Nasdaq listing schedule and try to speed up, from the summer of 2013 to at least the fourth quarter of 2012."

"Why?" Jackma asked quickly.

He was curious whether Feng Jianxiong made up a schedule casually.

Feng Jianxiong pointed out incisively: "Because we must fully consider which super unicorns in the US stock market that have never been listed, and whether it is possible to conflict with Alibaba in terms of financing time, which will lead to Alibaba having to re-programm the plan and significantly delay the listing plan."

"What does it mean to 'Is there anyone who raises funds conflict with Alibaba'? According to the Nasdaq rules, all companies that intend to go public do not affect each other, and you are a bit alarmist." Jackma said.

Feng Jianxiong: "According to the securities laws, of course, there is no influence on each other. However, the money in the world is limited, and at the same time, or even within the same year, the funds that can flow into the Nasdaq market are also limited.

If there was another super giant who suddenly ploughed $10 billion in pure cash or even $20 billion in pure cash less than a year before Alibaba went public. Then, I think that at least many stocks in the Nasdaq market will fall below the issue price as soon as they were listed, or they would not get a good subscription issue price - because all the hot money was sucked away."

The assumption proposed by Feng Jianxiong is bold.

Logically speaking, it is easy to deduce and understand.

However, in the current world, no one will believe this. People cannot understand the situation "Since there are new and good companies on Nasdaq, with good performance and promising stock prices. But just because the hot money you used to playing on Nasdaq is sucked dry, there is a lack of new money to support you."

In the view of classic economic theory, "If house prices soar, then money from stock speculation will flow into the real estate market. If stock prices soar, then money from housing speculation will flow into the stock market." This is a very beautiful and philosophical picture.

How could it be that "the holders of old money believe in Buffett's 'ability theory' and only speculate on things they can understand", but when the Nasdaq situation is in a good position, they are unwilling to attract investment?

But the previous securities of all mankind were indeed not sufficient evidence to prove the theory that "can a company that directly raised $20 billion in cash at IPO, can the Nasdaq funding pool be exhausted for more than a year?"

Because there was no super unicorn in all humans before, they only went to Nasdaq to go public after putting their market value to such a large extent.

Microsoft, Google, Apple, Amazon, Oracle... Although they are all giants now, they were still "small" when they first came to Nasdaq.

Jack Ma racked his brains and reviewed the possibility described by Feng Jianxiong, then asked, "You mean, will you collide with Facebook's possible listing period? But they are not as big as Alibaba. At the beginning of last year, his valuation was only 45 billion US dollars, and I haven't known it recently."

Feng Jianxiong smiled slightly: "I guessed right, I'm talking about Facebook - it's very necessary for you to go public before Zuckerberg. You can suck his fund pool dry."

In human history, the first proof of the consequences of "sucking $20 billion in cash at one time" was that Facebook's Nasdaq was listed in 2012.

After that listing, almost all the bosses who went public behind Zuckerberg for several months cried bitterly - there was no money on the market, and all the money was absorbed and drained by Facebook's super cash black hole. One after another, new listed companies fell below the issue price and could not get a good issue price.

In history, Ma Feng, in fact, stepped on the brakes because he saw clearly the tragic situation of the companies that ranked before him for several months and after they went public. We delayed the delay for 18 months. Wait until the hot money slowed down, and wait until the "gambling money" in the Nasdaq's capital pool is more abundant before he can go.

This is why Ah Li was delayed until 2014 to successfully go public again.

Coincidentally, when Ah Li also sucked $20 billion in hot money from Nasdaq in 2014, the unlucky people following Ah Li almost completely replicated the failure of the unlucky people following Facebook two years ago.

From then on, the global technology capital community reached this consensus: it would be better to just fuck the streets and enjoy the opportunity to follow the billion-dollar IPO.

...

Of course, Feng Jianxiong could not copy these things summarized by these rebirths to Jack Ma as it is.

But with his eloquence, he can wrap it up a little, then replace the evidence and convey it with a slight and contempt.

Especially since he had made up this idea, he specially collected relevant evidence that could prove his views before coming, and now he can show it to Jack Ma.

In fact, these evidences are of no value at all - because Feng Jianxiong was selected for collection, in fact, if all samples are analyzed comprehensively, he would not be able to reach the same conclusion as him.

Otherwise, those bigwigs in the investment and financial circles would have to wait for Feng Jianxiong to summarize?

He just packaged a naked prophet of the rebirth as a "strict deduction" of reason.

Of course, if you change someone whose eloquence and logic are not as good as Feng Jianxiong, you will definitely be unsuccessful in fraud.

Who made Jack Ma himself the second most fool in this circle?

Only Feng Jianxiong, the number one big fool, can fool Jack Ma.

"Although this statement has never been heard, it seems to make sense..." After being fooled by Feng Jianxiong, Jack Ma fell into deep thought.

"But if things are not as serious as you said, and the additional redemption we paid in advance today will be lost." Jack Mathzhi repeatedly raised his last doubts.

However, Feng Jianxiong was still confident, and he said with a smile:

"Betting! If you insist on believing in Liu Gang's safe tactics, you can sign a bet with me. If the negative effect of the requirement of "following the giant" on financing is obviously not as exaggerated as I described.

Then I can sign a bet agreement with you, and then transfer the equity of N Station to you at a lower valuation to make up for some of the additional redemption losses caused by Alibaba’s accelerated delisting in Hong Kong stocks today.”

The premium of the betting agreement is of course not enough to make up for the losses of Alibaba's early redemption.

But this is at least a gesture, expressing Feng Jianxiong's willingness to be responsible for his advice. Even if Ali finally thanks to 10 yuan and only let Feng Jianxiong share 2 yuan, that would be an amazing courage.

Seeing Feng Jianxiong speaking so confidently, Jack Ma once again felt that his gambling soul became excited.

It seems that every time I feel this way, Feng Jianxiong can help him win.

Bet!

﹉

ps: I originally wanted to update the new book first and let the new book absorb the recommendation votes first. But the new book is still under review.
Chapter completed!