Longteng's e-commerce system has been upgraded, and the upgraded Longteng e-commerce system has once again aroused heated discussion. At the same time, its domestic market share has once again expanded.
This upgrade made iFlytek and Baili Group extremely uncomfortable. The stock price fell again, and the market value also shrank again.
Baili and iFlytek also suffered relatively large losses in the recent stock market crash. Although not as tragic as Twitter, the value of many shareholders also dropped significantly.
Facing the giant rival Longteng Group, they were powerless. Many major shareholders were selling the stocks of the two companies, and the two companies could not produce anything decent to give investors confidence, so the stock prices continued to fall.
Since the rise of Longteng Group, the market value of Baili Group and iFlytek Group has shrunk severely. Compared with the market value at their peak, the market value of Baili Group and iFlytek Group has shrunk significantly in recent years.
The market value of Baili Group is now only about US$200 billion, while that of iFlytek is only about US$140 billion.
At their peak, the market value of Baili and iFlytek both exceeded US$400 billion. But now they only have so little money left, which is really uncomfortable.
They are also seeking change, and this change is also happening quietly.
Zhang Fan and Ma Baili met in a villa in Hangzhou. Ma Baili was very busy during this period, but this kind of busyness made Ma Baili very happy.
During this period, Baili Group's stocks continued to fall, and many investors were selling their stocks. However, Ma Baili was quietly buying these stocks.
In order not to attract attention, the entire buying team was provided by Zhang Fan. The funds were transferred from the global stock market with Zhang Fan some time ago.
Recycling the stock and privatizing the company was Ma Baili's next step. Zhang Fan also participated in this action.
It has been planned for a long time, and the acquisition of stocks is also proceeding rapidly. Not only that, Zhang Fan also participated in it, acquiring Baili Group's stocks together.
"Hello, Mr. Ma, hello, Mr. Zhang..."
A middle-aged man walked in with a smile on his face. Zhang Fan and Ma Baili looked at the middle-aged man and nodded.
"I will now report to you two. After our secret acquisitions during this period, we spent a total of 78 billion US dollars to purchase 39% of the shares of Baili Group."
The middle-aged man's words made Zhang Fan and Ma Baili laugh. Thirty-nine percent of stocks, this value is already very high.
And Ma Baili still holds 13% of the stocks. In this way, the stocks held by Zhang Fan and Ma Baili combined account for 52% of the entire Baili Group's stocks.
It is an absolute controlling stake.
Seventy-eight billion U.S. dollars is a huge amount of money that no ordinary person can possess. Few people dare to have such courage.
“How is the contact with other shareholders going?”
Zhang Fan couldn't help but ask. With this secret plan, Zhang Fan and Ma Baili planned to privatize Baili Group.
The ultimate goal of privatization is delisting, and now this opportunity is the most suitable opportunity for Baili Group to privatize.
"Our team is currently in contact. There has been considerable progress. Some shareholders are already willing to sell their stocks..."
The middle-aged man's words made Zhang Fan and Ma Baili nod. This time, Zhang Fan mobilized a lot of funds for the privatization of Baili Group.
Ma Baili also invested a lot of money, and all the money he earned from the stock market crash was invested in it.
Not only that, he also borrowed a lot of money from Zhang Fan. After the privatization progress is completed, Baili Group will be delisted from the U.S. stock market and will subsequently carry out comprehensive strategic upgrades and reforms.
According to the plan, after the privatization, the entire Baili Group will be held by Zhang Fan and Ma Baili. By then, Zhang Fan will hold 49% of the shares and Ma Baili will hold 51%.
Zhang Fan had his own plan for investing in Baili. Although the market value of Baili Group continues to decline, it has done very well in many aspects.
Whether it is in self-operated bases or offline retail, there is a huge market. At the same time, it also has great technical advantages in cloud computing.
At the same time, Baili Group also has a large amount of data, which can complement Longteng Group in terms of express logistics, online payment and other technologies.
The markets opened up by the two companies are different, especially in recent years. Longteng Group and Baili Group have opened up overseas markets separately.
Longteng Group has focused its overseas market on ASEAN, while Baili Group has focused its attention on India, another populous country.
In recent years, Baili Group has made many arrangements in India. It has now become the largest e-commerce group in India, and its market share continues to increase.
This is what Zhang Fan values. In fact, the most important thing is Ma Baili. Baili Group started from scratch, and it really came out step by step.
If Zhang Fan hadn't been lucky enough to participate in the lottery, he wouldn't have been able to catch up even if he took off his clothes and ran away. The reason why Longteng Group has risen so quickly in recent years is because Zhang Fan has too many plug-ins.
After the privatization is completed, some things of Longteng Group can be shared with Baili Group. By then, the two companies will be two sharp swords, opening up markets in different directions.
As for the iFlytek Group, Zhang Fan looked down upon it. The once most profitable project of the iFlytek Group has been completely suppressed by the Longteng Group.
Games and social networking were once iFlytek's magic weapons. Now they have been crippled by Longteng Group. Although iFlytek has transformed into e-commerce and followed Longteng Group's self-operation, the effect is not very good.
In Zhang Fan's view, iFlytek lacks a certain amount of courage. Even its transformation lacks some courage. If iFlytek Group could neatly package and sell games and social networking businesses in the past few years, it could concentrate on e-commerce and self-service
Ying, Zhang Fan can still take a liking to him.
However, Ma Xunfei is reluctant to give up. Even now, social business and game business still exist. Looking at Ma Xunfei's investments, I want to invest in anything that makes money.
In recent years, a large amount of money has been invested in real estate projects. At the same time, it has invested in the entertainment industry. Such messy investments have made iFlytek Group's competitiveness become weaker and weaker.
In Zhang Fan's view, Ma Xunfei is actually a little tired. In the past few years, he has been secretly cashing out. He holds fewer and fewer shares of Xunfei Group, and most of the money he gets is invested in houses, etc.
It’s in fixed assets.
Zhang Fan no longer cares much about such an iFlytek Group. After Baili Group completes the privatization, iFlytek Group's e-commerce business will suffer a more severe blow, and the three e-commerce giants may become e-commerce companies.
Two giants.
"Continue to acquire..."
Zhang Fan raised his wine glass and clinked it with Ma Baili, and both of them had smiles on their faces.