When it was learned that Song Weiyang was going to invest 10 million US dollars, Goldman Sachs immediately stopped doing it, and believed that Song Weiyang had broken the rules.

This round of financing of 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 Taurus capital because Taurus capital can represent the Chinese market, but they do not want Taurus capital to hold too many shares.

Just like Alibaba’s second round of financing in history, SoftBank, which represents the Japanese benzene market, insisted on investing 30 million U.S. dollars, but it was directly rejected by Goldman Sachs. After many negotiations, it was allowed to inject 20 million U.S. dollars.

Ma Xiaoyun personally flew to Shenghai, had a face-to-face meeting with Song Weiyang, and called Goldman Sachs for more than half a month to compromise with each other. The result is as follows: Alibaba's valuation was raised, and Jinniu Capital's capital injection quota fell. To 6 million U.S. dollars, the total capital injection of several investment banks led by Goldman Sachs increased to 8 million U.S. dollars.

Alibaba’s shareholding structure has become: Ma Xiaoyun team (48%), Song Weiyang (10%), Taurus Capital (18%), investment bank led by Goldman Sachs (24%)-Song Weiyang is the substantial majority shareholder .

Ma Xiaoyun suffers!

Because Alibaba is developing too fast and is about to enter the blowout stage. Historically, Alibaba’s valuation has doubled after just two months of financing again. After receiving US$25 million in financing, Ma Xiaoyun’s team still has absolute holdings. Three months later, Alibaba raised another financing, and its valuation doubled again. After raising $82 million, Ma Xiaoyun's team still owns 47% of the equity.

Now, due to Song Weiyang's cross-cutting, resulting in too much first round of financing, Ma Xiaoyun team only has 48% of the equity left.

Of course, with the methods of Ma Xiaoyun and Cai Chongxin, the equity structure will definitely be "purified" in the future.

Historically, Alibaba’s B2B company was listed in Hong Kong City. Before listing, Yahoo directly introduced 1 billion US dollars in financing and used the 1 billion US dollars to complete the liquidation. The equity of early investors was almost eaten up. Next, Ma Xiaoyun privatized and withdrew from Hong Kong stocks, "closing the door and fighting tigers" crazily weakened Yahoo's equity.

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

So, don't think about holding Alibaba, let alone pointing fingers at Ma Xiaoyun. Which company has the most shares is the target of Ma Xiaoyun's attack. Even if Song Weiyang continues to invest more, his future equity will not exceed 35%-that is a red line, and Ma Xiaoyun will be squeezed out if he exceeds it.

However, Song Weiyang can invest in Alipay in the future. The central bank must prevent foreign capital from controlling China's financial system. As Alipay becomes bigger and bigger, it is inevitable to eliminate foreign capital, but Ma Xiaoyun's approach is not very glorious.

...

Shenghai.

"Ding Dong, Ding Dong!"

Lin Zhuoyun heard the door bell, jumped up from the sofa, opened the door and said, "You came so fast, move things in."

Song Weiyang heard the noise in the study and walked to the living room to take a look, only to see a man coming in carrying a cardboard box.

"What's the situation?" Song Weiyang asked.

"Online shopping, it's very fashionable now," Lin Zhuoyun said, opening the cardboard box, "I tried to buy some books and VCDs, but I didn't expect them to be delivered in the afternoon as soon as I placed the order in the morning!"

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

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

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

Lin Zhuoyun said: “You can send money first, but this method is too slow. Cash on delivery is also possible, but there are very few merchants that support cash on delivery. 8848.net has electronic money. If you recharge in advance, you can buy with electronic money. Things. Really, 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 opening a door to a new world.

Just before the National Day, China’s first B2C website "8848.com" launched an activity called "72-hour network 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 make online shopping to maintain a three-day life.

One of the volunteers came into contact with the Internet after signing up. She did not even send and receive emails and could not confirm the emails of the ordering unit. In order to allow her to eat, netizens posted hundreds of tips, but the volunteer did not know how to visit the forum.

Of course, there are also some old networms who turn on the Internet as soon as they enter the room, and even buy razors and water dispensers. However, I was too hungry. It took several hours for the online order to be delivered. Ten years later, I was complained and criticized.

The event was filmed and broadcasted by CCTV throughout the whole process, which quickly caused a national sensation. 8848.com and online shopping became fashionable topics. Lin Zhuoyun estimated that it was only after watching the show that he played online shopping.

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

If 8848.com insists on doing B2C, I am afraid that Taobao will be suppressed later, but it is a pity that this company is controlled by capital (this year it received 60 million US dollars in financing).

Investors such as Yahoo and Softbank just wanted to quickly go public, but the Internet bubble burst. Seeing that Ma Xiaoyun is making B2B in full swing, they forced 8848 to transform. Because Wang Juntao was disobedient, they hired Microsoft vice president Tan Zhi to be the airborne CEO.

This is pure nonsense. At that time, 8848 was already the B2C overlord and the preferred website for Chinese netizens to shop. As a result, I put down my main business and didn't do it. I had to go head-to-head with Alibaba, but I didn't have the reputation and resources of Alibaba. It was not too ugly to die.

Lin Zhuoyun happily put away the books and ~lightnovelpub.net~ holding a book and asked with a smile: "You said, will China become like a science fiction novel in the future, as long as a computer can survive, eat and wear? Do you order directly from the Internet?"

"It's simple, it will be enough in ten years," Song Weiyang said.

"Just brag," Lin Zhuoyun obviously didn't believe it. "After ten years, 10% of Chinese people will be able to afford a computer. It would be good. If many people order food online, there may not be enough delivery staff. Let's start. If there are few people ordering food online, then the restaurant will have nothing to make a profit, and the website's income will not be high."

Song Weiyang laughed and said: "You can start a company, each with a motorcycle, and the restaurant will deliver it if you have an order, and you can rest when you don't have an order. There is no need for the restaurant to raise its own delivery staff."

Lin Zhuoyun thought carefully and said: "It seems to be okay, but it will do if there are many people ordering the meal, otherwise the delivery staff's salary will drag the company down."

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

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

Song Weiyang said happily, "What is your look?"

Doudou did not answer, but turned on the TV and played a pirated VCD.

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

If the beanie-shaped mad jumps with him, waving a fan from time to time, and putting his left hand and tail finger to his mouth, he yells like a neurotic: "Ali Ali has Maiduma to Naga, but the agencies are Lingga. Saralin..."

Lin Zhuoyun said: "What's the situation?"

Song Weiyang scratched his head and said, "Halyu has come so early?"

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