Section 211 The stars are dim, the moon is out of the mountains (1)
Xu Qinglian sat in Wang Ai's arms, and asked after a moment of confusion: "Aren't we still shareholders of Alibaba?"
"Yes." Wang Ai nodded, and pulled his girlfriend's body to make her sit more comfortably: "If it were before, if we told them about you, they would definitely give us top resources. But that's not possible now.
, we can’t get top-level resources now unless we spend a lot of money. As for your matter, it has just started. Regardless of the size or thickness of the plate, top-level resources are wasted. In the end, it’s up to you one by one.
Only when the point is strengthened can the resources that match the strength be used to their fullest effect."
"Yes." Xu Qinglian responded, and after a moment of silence she suddenly said: "What you mean is that there is something wrong with our cooperation with Boss Ma?"
Wang Ai raised his head, thought for a while, and shook his head: "It's not a problem. In 1999, we invested 100 million, accounting for 10% without dilution. We were the first round of angel investment, and we were the only one. You know, what about this traditional investment thinking?
At least you have to see something, such as land, factory buildings, and the worst you have to have extensive social connections. What did Boss Ma have at that time? He had a mouth, so no one in the country except us voted for him, so what about 10%?
, and he happily accepted it. The same goes for Boss Pony. Tencent's situation back then was similar to Alibaba's. Now, uh..."
"Has the agreement changed?" Xu Qinglian asked keenly. Seeing Wang Ai nodding, she said in surprise: "It's written in black and white!"
Wang Ai chuckled and patted Xu Qinglian's face: "Say something stupid."
"Oh, please tell me what's going on!" Xu Qinglian turned around and faced Wang Ai face to face.
Wang Ai thought for a while and said: "Have you ever heard of the Peking Opera story "The Case of Guillotine Beauty"? Oh, you have always heard of the folk legend Chen Shimei, right? Don't the older generation always say Chen Shimei, Chen Shimei when they curse people? We don't
When discussing what happened to the real Chen Shimei in history, we’ll just talk about the story itself, and you’ll be fine.”
Xu Qinglian was a little impatient for Wang Ai to go so far, and said angrily: "I can't taste it!"
Wang Ai chuckled: "This shows that any agreement is a reflection of the strength comparison between the two parties. Isn't it Chen Shimei and the original wife? There are also some contemporary Chen Shimei? If there are strong moral and legal constraints between individuals,
Well, in the shopping mall, you know, the shopping mall is like a battlefield, there are often no rules, it just depends on who has the best means and the strongest strength."
Speaking of this, Wang Ai said with emotion: "Now, if Alibaba goes public, its scale will not be smaller than ours. So how can we keep this 10% without dilution? After the third round of financing two years ago, there was a test
We did not accept our attitude. We were listed in Hong Kong at the end of last year. Our 10% is very eye-catching. In every round of investment, there are people who want our treatment. Boss Ma is also under a lot of pressure. So before the listing in Hong Kong last year, Boss Ma came here specially.
I went to Beijing to talk to my dad again, and considering various internal and external factors, my dad agreed to change the terms of the year."
"How much loss did you suffer?"
"It's not a big loss. As I said, it depends on our strength. Back then, we had the strength to maintain this 10%. Now, although our strength has grown, Alibaba has grown faster. In comparison, we can't maintain it. Then
We have to change. Of course, we are all asset-heavy, and Alibaba is basically asset-light. If we fight, they still can't beat us, but we can't get better, so we can talk if we can. The leader also wants us to solve the problem peacefully.
"
"Then, what are the terms?"
"It's very complicated. I can't remember so many details. To put it simply, before the listing, our 10 was undiluted and turned into a dilutable 16. After the listing, we sold out the 6 and still kept the 10."
"That's it..." Xu Qinglian thought for a while: "While retaining 10% of the dilubility, it recovered 2 billion Hong Kong dollars? Angel investment in 9 years... seems to be average."
Wang Ai chuckled: "Don't be too greedy, it's okay. With our strength, that's it. If Alibaba goes public in the United States in the future, it will definitely have to make a big leap. But we can't make that kind of money, it's all from Morgan
A powerful investment bank like Stanley speculates, invests, and pushes up the stock price at the same time. It is a capital game in other people's homes. You can't participate only if you have money, or somersaults and tricks, which can make us
Do you want to eat meat? If we still control 10% at that time, others will not be able to do it. I estimate that if we can retain 5%, it will be overwhelming."
Xu Qinglian was silent for a while, looked at Wang Ai and said: "What if, I mean what if, when Boss Ma talks to his uncle, we don't agree, what will happen? You just said that the leader doesn't want us to fight, but this is also aimed at both parties.
It’s not just for us, right?”
Wang Ai nodded: "Of course, Ali is the future and hope, but we are also the life guarantee for hundreds of thousands of laid-off workers in the Northeast. The palms and backs of our hands are full of flesh. The leaders cannot just beat us."
"Then what will happen if we don't give in?"
Wang Ai thought for a while: "Actually, what I just said may be a bit abstract, so let me explain it in detail now. Suppose, suppose we don't fight, Boss Ma will have nothing to do? No. For example, the core of Alibaba is
Taobao, and Taobao can actually be split. For example, if we don't make concessions, then boss Ma organizes Taobao people to set up another company to develop the business that Taobao originally wanted to develop independently. Is there anything we can do?"
"Isn't that profit transfer? It violates the listed company law?" Xu Qinglian frowned.
"It's not illegal at all, or it's really illegal. We are also small shareholders in Alibaba, not the controlling shareholder, and we don't have much say. And in the final analysis, our original investment was for Boss Ma.
, is actually an investment in talents. If someone really wants to go out alone and start another business, what can we do? Do we have the talents in this field? You want to say litigating? Don’t say how many years it will take for this kind of case to be concluded, it will be concluded.
Well, maybe times have changed. And if we really want to go to court, it would be really bad, and it would be equivalent to starting a war between our two families. This is something that our two families and our superiors are trying their best to avoid."
"So?" Wang Ai held Xu Qinglian's face: "My dear, just give up when you are good. Times have changed, and there are no unchanging rules in the market. You cannot look at companies based on the trust between people.
The relationship between."
Xu Qinglian said oh, then fell silent again and suddenly asked: "What about us and Tencent?"
Wang Ai laughed: "Boss Xiao Ma is more kind, or thin-skinned, but the idea is the same. Since we have talked with Boss Ma like this, don't wait for Boss Xiao Ma to be unable to bear it anymore. So it was also last year
, we have also reached a similar agreement with Tencent."
