Despite being stared at, Li Dong wasn't nervous. He said nonchalantly, "Why are you all looking at me like that?
Is there a problem with me investing in Taobao?
As the saying goes, friendship comes first, competition comes second.
Competition is competition, but when did I not help you?
Wasn't it me, Li Dong, who spoke up for you when your Shang Family wanted to take you down previously?
You didn't have enough deliveries, so I purposely stopped my own business and let our Far Away deliveries enter Taobao. Wasn't that all to help you out?
Now that you're lacking money again, and after privatization, Ali has become an empty shell, I couldn't stand it anymore. So I came to help you and raise funds for you. It's also for your own good.
I, Li Dong, am a person who will do anything for my friends … "
"Li Dong!"
Ma Yun gritted his teeth and said angrily, "Just say what you want to say. Stop making insinuations!"
This time, Li Dong wasn't happy and said unhappily, "How am I making insinuations?
Tell me, am I not speaking the truth?
Does your Ali still have money now?
Are the delivery companies that you're working with going to raise their prices and even stop some of their deliveries?
Previously, when your Shang Family wanted to take you down, did I help you uphold justice?
Although I'm not claiming credit, you can't really forget the help I've given you, don't you think so? "
Just as Ma Yun wanted to say more, Cai Chongxin interrupted with a smile, "We have to thank General Manager Li for your help. We all remember this favor. But since we're raising funds today, General Manager Li, why don't we go in for a drink before we talk? "
If Li Dong were to continue, Ali would be the classic example of an ungrateful person.
Furthermore, Li Dong had repeatedly said that Ali had no money, so this fellow must be up to no good.
When Li Dong saw that Ali and the others were looking at him, it was obvious that they would chase him out if he said another word. He could only step forward and sigh. "Fine, I won't say another word. Who would dare to invest in the future if you are so rude to the investors?"
These words once again deeply provoked Ma Yun and the others!
Li Dong sounded like he was talking about himself, but in fact, wasn't he taking the opportunity to mirror Yahoo's problem?
Obviously, they were not the only ones who thought this way. Some people in the investment bank also thought of this. The atmosphere suddenly became a little awkward.
This was not the first time Ma Yun had seized power in Ali.
He also had a bad relationship with Yahoo!'s major shareholder.
Investment banks invest to make money, not to be bullied. If they can make money, it's okay to be bullied. But for Ali … it's hard to say.
Their greatest opponent was right next to them.
…
After the rest of the executives entered the banquet hall, Ma Yun stood outside and took a deep breath. "What do you think Li Dong is trying to do?"
Cai Chongxin frowned. "He might be trying to create trouble for us. But I think he is not trying to cause trouble, and he is just joking. On the other hand, I think it's very likely that he's here to help. "
"Help?"
Ma Yun thought for a while and said. "I know him. Maybe you are right.
He might be here to raise the status of our online shopping platform and pave the way for Far Away Mall's future.
But if that's the case, he is too arrogant.
Does he think he can win against me?
It's hard to say who will benefit in the end.
Once we raise enough funds, we will not lose to them in terms of technology, talents, innovation, influence, and users!
With money, the logistics system that we had not been able to develop before can be fully developed.
He might lose in the end! "
Cai Chongxin sighed. "Maybe he doesn't care? He has always wanted to be the winner. If he loses, he will give up. If he wins, the entire market will be under his control. Do you think he will care about this risk? "
Ma Yun was silent for a while. He nodded and walked into the banquet hall.
…
At the banquet, Ali announced the financing plan.
In fact, everyone had already gotten the plan.
On Li Dong's end, he had also received a proposal.
Ali planned to raise 1 billion USD with Taobao as the main body.
Of course, Taobao did not only refer to Taobao. It included Tmall, Taobao Wangwang, and even the Global Express, which had yet to be released, which was the international version of Taobao.
Because Taobao had yet to be created, it was not included.
All in all, the scope this time was quite large.
Ali's current business, other than this, also included the B2B business, Alipay, and cloud computing, which had yet to rise. The rest were almost all included in Ali's business.
Ali wanted to use these businesses to raise 1 billion USD. It was not a lot.
In 2007, Ali's B2B business was launched. At its peak, it was worth nearly 28 billion USD.
Now, Ali's B2C and B2C businesses were planning to raise 1 billion USD. In comparison, it was not much.
But the key was not how much money was raised, but how much equity Taobao planned to sell!
According to Ali's plan, Taobao's total equity was divided into 1 billion shares, of which 100 million would be used for financing!
In other words, Ali was prepared to use 10% of Taobao's shares in exchange for 1 billion USD!
That meant that after the financing, Taobao was valued at 10 billion USD!
This plan was obviously nonsense. Even Li Dong was a little dumbfounded when he heard about it. Old Ma was even more unreliable than him.
But the industry was used to this group of hoodwinkers. In any case, they could brag as much as they wanted.
As for the specific plan, they had to continue discussing it.
10 billion USD was equivalent to 9 billion USD in the current Taobao. No one could accept it.
Even Li Dong, the hoodwinker, did not dare to offer this price when he sold his shares to Tencent in Far Away Mall.
Once Ali's plan was announced, the companies started discussing it with Ali's executives.
Many people gathered around Ma Yun.
It was not necessary to reach an agreement today. Usually, a cocktail party would not be held so quickly. Usually, the purpose of a cocktail party was to confirm the shortlisted investors.
Li Dong's side was fast because he already had a plan in mind. The other party also had a tacit understanding. That was why it was done so quickly at the cocktail party.
…
As Ma Yun was talking to the others, he saw Li Dong walk over with a glass of wine.
When the others saw Li Dong, they all made way.
When Li Dong arrived, he did not need anyone to greet him. He said with a smile, "Old Ma, since we're so familiar with each other, I won't stand on ceremony with you.
Almost everyone here knows me, Li Dong, and has interacted with me before.
You all know that I'm a straightforward person and like to do things quickly.
Since I'm going to be a VC today, I'll be straightforward.
I'll take all of your 100 million shares.
One billion USD is impossible, but 2.5 billion RMB is more like it.
That's equivalent to 22.5 billion RMB for Taobao. That's not a low price.
Your sales didn't increase much this year, and it was greatly affected in the first quarter.
In the first quarter of 2009, your total sales were 40 billion, including 36 billion for Taobao and 4 billion for Tmall. Although it was affected by the Chinese New Year, winter was the peak season, so 40 billion was not a lot.
In that case, including some activities, it would only be around 200 billion for the whole year.
C2C is still your mainstream, and it should account for about 90%, and that's under the premise that we, the Wan Jia Web, have hit the market.
Let me make a joke of myself. On Distance's side, the total sales for the first quarter had reached 48 billion. Of which, C2C's sales were only about 5 billion, while B2C's sales had reached 43 billion!
I didn't even dare to offer a high price for Far Away Mall.
My offer of 22.5 billion for Taobao is not low, right? "
Ma Yun's face turned ugly. He stared at him and said, "Li Dong, that's not the way to negotiate. Taobao has 80% of the C2C market share. And it's not just the C2C platform. Taobao is now the largest retail business district in Asia … "
Li Dong interrupted, "Don't mention that. The largest business district is Far Away. That's in the past. Why are you embarrassing yourself?"
"You!"
"Fine, fine, fine. 23 billion, what do you think?"
"This is not a market!"
Ma Yun was really annoyed. What was this guy trying to do?
Although he guessed that Li Dong was here to act as a pawn, but no matter how he looked at it now, it seemed like he was here to cause trouble.
Li Dong shrugged and said helplessly, "I'm sincerely offering a price, but I'm too lazy to argue with you guys …"
"I don't know how to finance a company. Do you know what financing is? Do you think I invited everyone here just to lure you guys to Far Away?"
Regardless of whether Li Dong was sincere or not, and whether the price was right, Ma Yun had to consider carefully if he wanted to buy it all, no matter how high the price was.
Li Dong suddenly said, "I know what you mean. But Old Ma, I have something to say in front of the two CEOs of Softbank and Yahoo.
My financing is fake. I want to acquire Taobao.
You want to burn money with me. It's meaningless, and I don't know who will benefit from it in the end.
I know you want to take back Ali's shares, but you don't have the money to let them back out.
The bank will not give you a lot of loans. After all, you don't have any projects to use as collateral.
Yahoo had offered you 12 billion USD to buy back the shares, and this price is too high.
Even if Manager Yang is here, I will say the same.
But even if you don't want 12 billion USD, I think 39% of Ali's shares is worth 10 billion USD.
You don't have the money to buy back the shares, and Ali doesn't have the money. Even Softbank won't be willing to pay!
But if you agree to sell Taobao, I, Li Dong, will pay for it! "
"Boom!"
When this was said, everyone could not keep quiet anymore.
10 billion USD to acquire Taobao!
At this time, Li Dong actually came up with such an idea, which made everyone very surprised.
Is 10 billion USD high?
Based on Ali's calculations, even if they made a high bid, their valuation of Taobao is only 9 billion USD.
In fact, this price is impossible to close the deal.
5 billion to 6 billion USD is almost the limit, and the chances of success are not high.
But Li Dong wants to acquire Taobao for 10 billion USD? This is too high.
Is Li Dong stupid?
He is not stupid!
Once Far Away integrates with Taobao, it will be terrifying.
With Distance's momentum, it was very likely that it would reach 300 billion in revenue in online shopping this year. If Taobao could reach 200 billion, then when the two merged, Distance would take over Taobao's merchants, platforms, channels, and users …
That means they will be able to unify the entire online shopping market!
Their revenue might exceed 500 billion USD in the end!
Of course, this is in terms of revenue and not profits, especially when half of the revenue comes from C2C.
But an online shopping platform that unifies Hua Xia and has 500 billion RMB in revenue is terrifying now.
In 2008, the world's largest online shopping platform, Amazon, is considered a B2C platform, and its revenue is 20 billion USD.
In fact, last year, Far Away Mall is only slightly behind Amazon.
Amazon's market value is more than 20 billion USD last year.
Once Li Dong unifies Hua Xia's online shopping platform, excluding C2C sales, Li Dong's B2C sales will surpass Amazon and become the world's largest B2C platform.
With the addition of C2C's performance, Distance was now the world's largest online shopping platform, fully deserving of being number one.
Based on Amazon's current results, after Far Away Mall integrates with Taobao, it will not be difficult for them to build an e-commerce platform worth more than 50 billion USD.
Li Dong is not making a loss by spending 10 billion USD to acquire Taobao.
The main thing was to see how Taobao would affect their business.
Being the world's number one is not a joke.
Especially on Taobao's side, they were in the process of setting up a global online shopping platform system. This was something that Distance was currently unable to compete with Taobao.
Far Away will make money if they buy Taobao for 10 billion USD.
But to others, it will be a loss.
Also, others will not be willing to pay this price.
Li Dong's words caused a commotion in the room.
… …
Cai Chongxin was in a meeting with someone when an Ali employee came up to him. "Manager Cai, go and take a look. Something happened!"
Cai Chongxin's face changed, and he shouted. "Calm down!"
He did not ask what happened as there are outsiders around, and it is not the right time to ask.
However, he did not need to ask. Soon, someone beside him shouted, "Everyone, don't stay here. Go and take a look. Li Dong offered 10 billion USD to buy Taobao!"
"What?"
"What's going on? Why did it suddenly become an acquisition? "
"Isn't this financing?"
"Ali has the intention to sell Taobao?"
"I knew that Li Donglai wouldn't be quiet. Sure enough, I guessed it!"
"… …"
Everyone started discussing among themselves.
Ding Lei, who was not far away, said in surprise, "This guy really does not stop wherever he goes. Where did he get 10 billion USD to acquire Taobao?"
Even if Ali agreed, would Li Dong have the money to acquire Taobao with more than 66 billion RMB?
Although he claimed to be rich, Far Away has more than 10 billion RMB now. Ding Lei considered Li Dong more powerful than him.
Ding Lei was shocked when Li Dong suddenly said that he wants to spend more than 60 billion RMB to acquire Taobao.
Moreover, since when is Taobao worth so much money?
Ding Lei was not the only one surprised. Everyone in the room was shocked.
Everyone, including Ali, was dumbfounded.
Why did it suddenly become an acquisition of Taobao?
Even if they want to talk, they should do it in private. What is Li Dong trying to do here and in front of everyone?
Cai Chongxin did not ask any more questions. He hurried over to Ma Yun.
The others followed suit.
Just as they went over to inquire about the situation, Bai Su, who entered the room with Li Dong, was also sweating profusely.
Holding the phone in her hand, Bai Su was almost in tears. She said hurriedly, "Director Yuan, something happened! General Manager Li suddenly told General Manager Ma at Taobao's financing reception that he wants to spend 10 billion USD to acquire Taobao … "
"What?"
"General Manager Li wants to acquire Taobao for 10 billion USD!"
…
Pingchuan.
Yuan Chengdao was dumbfounded as he held the phone. "Shouldn't they have told us about such a plan in advance? Moreover, where do we get 10 billion USD? We don't even have 1 billion USD! "
Yuan Chengdao mumbled. Then he said bitterly, "Keep in touch with us. I'll rush over immediately. 10 billion USD. 10 billion USD. This … this is a mess …"
Yuan Chengdao was really confused!
What is Li Dong trying to do?
Could it be that he really wants to consolidate the entire online shopping market?
Will Ali agree to it?
Facing Far Away's attack and the temptation of 10 billion USD, Ma Yun might be firm. But what about the other two major shareholders?
Once Taobao loses to Far Away, they will have nothing left.
Now, there is no need to burn money. They can sell it directly. 10 billion USD is not a low price.
Also, don't forget that it is only Taobao. They still have Alipay and B2B.
Based on the previous peak market value, all these added together will be more than 30 billion USD. Adding Taobao, it is equivalent to the entire Ali Group. That is worth more than 40 billion USD.
Four years ago, Yahoo used 1 billion USD to exchange for 39% of Ali's shares. At that time, the entire Ali Group was worth only about 2.5 billion USD.
Now, one Taobao can bring in a 400% return. Is it worth it?
…
At the same time, many people received the news.
Li Dong is going to spend 10 billion USD to acquire Taobao in front of everyone. This shocked the entire IT and investment industry!
10 billion USD in 2009 is equivalent to 66 billion RMB. This is not a small amount.
Also, if Li Dong succeeds in acquiring Taobao, Hua Xia's online shopping market will be controlled by Li Dong.
Once the online and offline markets are unified, what about the offline markets?
Suddenly, even the retail giants in the offline world started to ask about this.
They all wanted to know the progress of the matter. They all wanted to know if Ma Yun would agree.
Also, it is not only Ma Yun who has the final say. What are Softbank and Yahoo's considerations?
10 billion USD is not a small amount.
Amazon's B2C platform had surpassed Taobao, but its market value is only slightly more than 20 billion USD, and Taobao is still the world's number one.
Currently, Taobao is far behind Amazon, and there is a fierce competitor waiting for them.
Furthermore, Amazon is already listed, and Taobao's market value is at most 5 billion USD.
Li Dong had almost doubled the price. It is hard to say if Ma Yun will agree to this price, but the other two investors will definitely be tempted!
Almost in an instant, many people, including those from abroad, turned their attention to Huaxia and Lin 'an.
They want to know if Li Dong can achieve this goal.
They also want to know if Ma Yun will give up on Taobao and focus on the B2B business.
They are also wondering why Li Dong chose to talk about the acquisition at this time. Isn't it better to do it privately?
However, many people came to their senses. This was putting pressure on Ma Yun, putting pressure on all of Ali!
Because their investors, the two shareholders, were very likely to agree to it!
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