Chapter 689

Due to the agreement in 2005, Yahoo can request to send a second director to the board of directors of Yari by 2010, which essentially makes Yahoo not only a shareholder, but also a possible decision-making level. The major shareholder wants to be a director of Ali. Ma Yun thinks Yahoo is aggressive and ready to seize power.

In the original version, he pushed the other side's negotiations by transferring Alipay, and the old Internet giant YAHOO's business in the US began the decline. They badly needed the blood transfusion listed in Yali.

Yahoo is urgent, Yali is not urgent, and we are not short of money. If you are short of money, you can sell your equity to us! But there was a prototype of gold mine in Yali at that time. Who would sell it? After several negotiations, Yahoo agreed to buy back the equity on the condition that Alibaba group is required to be packaged and listed. After some twists and turns, Yari promised shareholders to list the group before December 2015, and Yahoo sold half of its shares to aribaba group.

After the completion of this transaction, the sum of voting rights of Softbank and Yahoo in the board of directors of aribaba group will be reduced to less than 50%. At the same time, Yahoo will give up the appointment of board members and the veto power related to the strategy and business decisions of aribaba group. Ma Yun and the management will regain the power in this way.

Now warner has taken the lead and promised to solve the problem of Alipay's payment of licences. This sharp and rapid attack has muddled Ma and management.

The most difficult thing to deal with is the rich and smart people. The other party is eager to seize power. Louise made it clear that she will introduce another director during the contract period, which makes them more pressure.

Ma Yun and his management have absolute control over the company. Their branches and subsidiaries are their people, but the influence of the group headquarters and the board of directors is huge, and the following constraints are also huge.

Everyone can fight, but the interests first, the fight broke down the company, and everyone had nothing. Arie broke down, and Louise most patted her ass and left. The pit was filled by Time Warner. Louise, who held Mark's thick legs, was not afraid that she could not find a place to settle down, while Ma Yun had nothing. Arie was their career and all of them.

For a moment, brother pony frowned.

Ma Yun doesn't want to sell Arie. As early as Ma Yun got sun Zhengyi's angel investment, he had agreed on the absolute right to speak. It is precisely because of the choice of decision-making power that Ma Yun didn't take away the full amount of $40 million at that time, so he chose $20 million.

So although Softbank has a lot of equity, it just gets rid of the cabinet and does not pose a threat, while Yahoo's threat is great. They have the right to vote and can add a director.

Ma Yun made a plan, first transferred Alipay, then delisted, then changed to partner system, three times to win back company control, but now the other side took the lead.

This partnership refers to an enterprise in which two or more partners own the company and share the profits of the company. The partners are the owners or shareholders of the company.

Its main features are: partners enjoy the operating income of the enterprise and bear joint responsibility for operating losses; All partners may participate in the operation, or some partners may operate, and the other partners shall only make capital contributions and be responsible for their own profits and losses; The composition of partners can be large or small.

In other words, Ma Yun used the partnership system to let the founders control the actual control of the company. Even if the company's shares were purchased in large quantities, outsiders could not control the company (Softbank of Japan and Yahoo of the United States controlled nearly 60% of the equity of aribaba, but they did not have the ability to determine the direction of aribaba and could only enjoy benefits such as share dividends),

Such a system was not recognized in China at that time. It could not be listed in China or even Hong Kong. There was no way to be listed on Nasdaq, but it could maintain the control of the company at an absolute disadvantage.

Now the first move has been intercepted. They don't know how to force Warner to agree to repurchase equity and negotiate with them. Now warner has the upper hand and there is no need to make any concessions.

It is impossible for all employees to strike and force them to comply. Warner now has a lot of investment in China. It is entirely possible to take advantage of the situation to take over Yali, squeeze them out and monopolize Yali.

As for starting a new stove, the three sharp tools of Yali, Alipay, Taobao and ant gold clothes are all controlled by the company and occupy a great market share. Starting a new stove means starting over and seizing the market. It's not easy. You may be marginalized and crushed by your dominant peers.

At this difficult time, Louise made an appointment with Margo and took the initiative to dilute the equity. The equity controlled by Warner will be diluted to less than 20%, and five overseas registered companies will take over this part of the equity.

This is a real silver fall. Ma Yun's cutting Yahoo is not to rob the other party's equity, but to dilute and strip the voting rights. They force those who don't want to be the hands off shopkeeper to be the hands off shopkeeper. Now warner has not done the hands off shopkeeper and has not given up the voting rights, but it is a great good thing to dilute their equity.

However, Warner didn't do it in vain. They pointed out that Softbank has too many shares, which is very unreasonable even if it doesn't participate in management and voting. Louise pointed out that Softbank holding is maintained at about 15%, which is the best and most reasonable figure.

This is completely to Ma Yun's appetite. He just wants to dilute the equity of Warner and Softbank. As for whom to dilute it, he doesn't care at all. As long as it's not in the hands of the two families, he hated Louise two days ago. Now he feels that the foreign woman is the most lovely person.

Ma Yun said, "son Zhengyi is not short of money. He doesn't mean to sell Yali's equity at all. It's hard to do."

Of course, son Zhengyi doesn't want to sell Yali's equity. He's not short of money. He just invested 20 million US dollars in that year. After more than ten years, he has become a thing with a market value of more than 3 billion. He makes profits from turning letters, and his income is far above Yahoo. Why sell it.

Mr. son Zhengyi is a strange man. He is a typical oriental man. He is only five feet tall, but he is really a talent. Son Zhengyi has the characteristics of a short great man. His unique quality is not owned by others.

Son Zhengyi has the instinct of Americans to do business, the momentum of Japanese and the root holding spirit of Korean. Sun Zhengyi's greatest ideal is to roam in the electronic space. Mr. son Zhengyi is a Korean Peninsula Chinese born in Japan, a third-generation Chinese who settled in Japan, a Han Chinese whose ancestral home is Putian, Fujian, China. His family ancestor is a Chinese who immigrated to the Korean Peninsula, and his grandfather sun Zhongqing moved to Japan from South Korea. He has been very interested in American affairs since he was a child. I especially admire the deeds of local Japanese businessmen who have successfully turned McDonald's into a chain restaurant loved by all ages.

Bill Gates said, "you are an adventurer like me."

Ma Yun said: "son Zhengyi is a man of great wisdom. He hardly has a word to say. He is like a figure in martial arts: first, he makes a quick decision; second, he wants to do great things; third, he can do things according to his own ideas."

Japanese media said: "if a person uses more than ten meters of data to make career choices, if a person's eyes are always looking at things decades or even three hundred years later, it is difficult to make such a person fail completely."

Senior analyst of Merrill Lynch: "son Zhengyi is a forerunner and beneficiary of the Internet economy. In fact, the" soft library "led by son Zhengyi is the only global Internet enterprise."

Senior Wall Street Investor: "son Zhengyi's success is accidental. He is waiting for a rabbit with his rice yuan."

Asahi Shimbun: "Sun Zhengyi does not regard every investment as a hammer deal, but as the beginning of a relationship, which makes others have an excellent relationship."

Forbes: "in an instant, Mr. son Zhengyi, President of software bank, created an international Internet empire. He is starting to implement his 300 year business plan. Mr. son Zhengyi is worthy of being the king of the Internet."

Yang Zhiyuan: "at that time, many people at Yahoo thought he was crazy. Spending $100 million in February 1996 had to be very aggressive, but I don't think his success depended on luck. He was a figure who could look forward to 15 to 20 years."

How difficult it is for you to take food from such a character.

Since its listing in 1994, Softbank has owned 300 enterprises in Japan, important joint ventures or sole proprietorships in the United States and Europe, and all assets under its jurisdiction, such as relationship undertakings, venture capital funds and strategic alliances, with a total of US $40 billion, ranking among the top 10 societies in Japan.

Son Zhengyi, the founder, President and CEO of Softbank, showed a reserved and wait-and-see attitude when the Internet was still in its infancy. Son Zhengyi became the first batch of people to eat crabs. He resolutely invested and identified a number of early Internet companies, making it win the reputation of "pioneer of Internet revolution in the real sense" in the industry. Today, Softbank has invested in more than 450 Internet companies around the world and has become the main shareholder of some first-class Internet companies.

It is precisely because of the Lord's reputation and great influence that Ma Yun is afraid of himself. He just wants to start with Yahoo and doesn't dare to swat flies on the tiger's head.

Now in collusion with Warner, Softbank is Softbank. What's great is just doing it.

Those in this business are no different from those big thieves who lick their blood with a knife. They starve to death and dare not even rob money. They go home early to sell sweet potatoes. Bill and Joe are called Silicon Valley pirates, mark is called Galaxy pirates, and my little brother Ma is simply called Pacific Pirates.

So Louise with red wine looked at brother pony with a smile: "you won't retreat in spite of difficulties?"

Brother Ma said, "we have to sign a secret agreement before I can act."

Louise said, "OK! You're kind of cruel. I like a kind man."

Brother pony coughed, "I have a wife."

Louise said, "it's a pity! You don't look good, but you have the same temperament as mark. It's fascinating. We may become potential partners."

This makes pony very proud. He has a strong chest: "I love my wife."