On May 14th, after Far away stopped the software compatibility war, other small and medium-sized Internet companies also resumed compatibility with Tencent's products.
On the other hand, Tencent stopped the war on the 13th and Far away.
It started on the 9th and ended on the 14th.
Including the beginning and the end, it took less than six days.
However, these six days left a deep mark in the history of the Internet in Hua Xia. It would be unforgettable for decades.
The software exclusion war had happened a few years ago. At that time, Baidu and several search websites had fought against it.
But it was different this time. On the one hand, it was because of the increase in the number of Hua Xia netizens. On the other hand, there were too many giants participating this time!
Far Away, Tencent, Baidu, Rising Star, Jiang Min, Ka Ba … These companies directly participated in the war.
Ali, Sina, Shanda, NetEase … These companies were ready to take action at any time. There was even a war of words in the early stages.
In addition, the three major operators, financial institutions, several relevant departments, hundreds of investment institutions, tens of thousands of shareholders, and hundreds of millions of netizens were also involved!
Six days might seem like a short period of time, but too many things had happened in it!
The impact of this exclusion war was far more than that.
Some netizens united to sue Tencent, Far Away, Baidu, and other giants for infringing on the interests of users. There were endless lawsuits everywhere.
Some state media criticized several giants, saying that they should be responsible for their own users and should not kidnap users and deprive netizens of their right to choose.
People's Daily even published an article pointing out that several companies were "fabricating online public opinion"!
Some financial institutions are blaming these companies for affecting the interests of their shareholders.
Far Away and Tencent hired a large number of fake reviewers and so-called experts to make a series of inappropriate comments, which had a serious impact on the stock market.
Some research institutes and people from all walks of life suggested to the higher authorities to introduce new laws and investigate whether the dispute between Far Away and Tencent involved unfair competition and monopoly!
…
It had only been a few days, but it had triggered a series of follow-up reactions.
Far Away and Tencent had issued letters of apology, but it was still difficult to make up for the previous impact.
Alibaba, Sina, and other companies also followed the trend and expressed their opinions on these companies on some public occasions and media platforms.
Tencent and Far away users were also cursing each other on the internet.
Although the corporate war was over, the software war that affected hundreds of millions of users obviously wouldn't disappear so quickly.
The shareholders of Hong Kong were also cursing. Not only did they curse Tencent, but they also cursed Far away.
If it wasn't for Far Away, Tencent's stock price wouldn't have fallen to this extent. If it wasn't for Tencent overestimating itself and going against Far Away, such a war wouldn't have broken out and they would have suffered a crushing defeat.
Although compatibility had been restored, the number of Tencent products being uninstalled was over a hundred million!
During this period, Far Away had taken over half of the market share. Tencent of the users would return, but it would be good if half of them returned.
Tencent QQ, which used to have 600 million users, now had around 10 million concurrent users.
This also included mobile QQ users. In fact, the number of PC online users had fallen below the 10 million mark.
For QQ, which had previously reached 50 million online users, it was not as simple as a heavy loss. Even if Far Away didn't continue to suppress such a defeat, it would take at least a year or two to recover its previous strength.
…
In Shenzhen.
In the hotel.
Seeing Li Dong standing on the balcony and looking at the Window of the World not far away, Bai Su didn't want to disturb Li Dong, but considering that there were many things to deal with, she reminded him, "General Manager Li, now the government, netizens, shareholders, and people from all walks of life are blaming us.
Mr. Liu's suggestion is to quickly announce the restructuring of Tencent.
In this way, the interests of netizens and shareholders will be protected, and even the government's attitude will change.
Also, the acquisition of Tencent's 700 million shares involves 16.1 billion Hong Kong dollars. According to the current exchange rate, the total amount is 14.2 billion yuan, or about 2.1 billion US dollars.
Mr. Liu means that Far Away will use 100 million US dollars, which is the remaining funds from the competition with Tencent.
The remaining 2 billion US dollars will be used for external financing.
However, this 2 billion US dollars can only be offset by the converted share capital of our industry. Tencent doesn't agree to the overall financing plan. "
If Far Away and Tencent reorganized and introduced funds, then the total share capital would increase again, and the shares of the Tencent shareholders of MIH would be diluted again.
This was equivalent to them using their own money to buy back their own shares. Far Away was willing to do this, but Tencent obviously didn't agree.
Currently, Tencent's attitude was that Far Away's industry would be converted into a total of 3.3 billion shares. As for whether Far Away or other capital institutions would hold the shares, it had nothing to do with them.
However, they couldn't continue to increase the total share capital.
If they continued to increase, the total share capital would exceed 5 billion shares. Tencent's 1 billion shares would fall below 20%.
Far Away also wanted to use the financing money to buy back their shares. This kind of beautiful thing could only be thought about.
In fact, many companies did this. Sometimes, there was no need to spend money to acquire some companies.
But it also depended on the situation. The current situation was that Tencent had already made concessions. If they agreed to Far Away's overall restructuring plan, then Tencent would really suffer a big loss.
Far Away got Tencent without spending a single cent. They used some of their shares, most of which were Tencent's shares. In the end, they got more than half of the shares after the merger. Li Dong was too good at robbing money. Ma Huateng and MIH would not agree to this.
After Bai Su finished speaking, Li Dong couldn't help but sigh: "People are really greedy. After the merger, we can bring in capital. This is good for all of us. Isn't it just diluting the proportion a little? If we are not willing to bear this small loss, how can we make big money in the future? "
Bai Su's expression changed again. In the past, when no one was around, Li Dong didn't act like this. Now that she was here, he still acted like this. Was this a habit?
Diluted a little?
Far Away, once 2 billion USD of capital is introduced, the total share capital will increase by a lot. The 1 billion shares in the other party's hands will be diluted by a lot.
In this case, only a fool will agree!
If Far Away's conditions were not so harsh, the other party might still consider it. In the end, they had the absolute advantage during the negotiation. Now, they want to get Tencent without spending a single cent. How can there be such a good thing in the world?
Li Dong sighed and continued: "Fine. I will suffer some losses. I can't let Tencent suffer losses with us. Far Away will still be the main body for the financing. The total share capital will be 3.3 billion shares. This will not change. 300 million shares will be used for financing, raising 2 billion USD. Then, we will use the 2 billion USD to buy back Tencent's shares. After the financing, we will hold 3.7 billion shares. Tencent includes 1 billion shares held by the shareholders and 300 million shares held by the newly introduced capital institutions … "
"General Manager Li!"
Bai Su couldn't help but say: "This is completely different from the plan we announced!"
Far Away's pre-financing valuation was 12 billion USD, and the financing was 3 billion USD.
Now, according to Li Dong, Far Away's pre-financing valuation was more than 20 billion USD!
Li Dong frowned. "That was then, and this is now. We didn't want to go public through a backdoor, and we didn't plan to restructure.
After the first round of financing, we will continue to raise funds. We will not go public directly after one round!
Now that we have obtained Tencent, we can go public directly in the name of restructuring. This will save us a few rounds of financing. Are we still going to follow the previous plan?
Use your brains!
This is almost equivalent to going public directly. It is obviously a profitable business. I have too much money to burn, and those people will benefit?
If they don't want to do it, then forget it!
300 million shares. Even if we go public and issue 1 billion shares, these people will still hold 5% of the shares after dilution.
5% shares, 2 billion USD, and the market value is 40 billion USD.
In fact, Tencent's strength had doubled after merging Far Away's assets. Do you think Tencent's market value will stop at 40 billion USD after the restructuring and listing?
I don't think so!
If you want to make money, you have to wait and gamble. We don't need much time, and the market value will rise to 50 billion USD before the end of the year. This is my promise to MIH.
Their return in half a year is more than 25%. What's there to be dissatisfied with? "
"This … …"
Bai Su was speechless. Li Dong might have said this, but 50 billion USD is more than 380 billion HKD. Is it really that easy?
This is Hong Kong stock market, not Nasdaq.
Currently, the top 10 companies in Hong Kong's stock market are not even worth 200 billion HKD.
Li Dong made it sound simple. 50 billion USD is not a problem!
A few years later, the market value of Alibaba, Tencent, and Apple would reach new highs, and no one would be surprised.
But it is still 2009!
The global financial crisis is still ongoing. Excluding Apple, Microsoft, and the rest of the companies, Google is still the most valuable internet company. Their market value is less than 150 billion USD.
Amazon is currently ranked second in the world. Due to the popularity of e-commerce, Amazon's market capitalization had increased rapidly. From 20 billion USD, its market capitalization had exceeded 30 billion USD, and it is still growing.
EBay is third, and its market value is close to 30 billion USD.
Yahoo is fourth, and its market value is more than 20 billion USD.
If Tencent had not been hit hard by Distance, it might have been able to surpass Yahoo and even eBay very soon and reach the third place in the online stock market.
Of course, it is impossible now.
Li Dong, on the other hand, has a market value of 50 billion USD. Is it really that easy to become the second Internet company after Google?
Also, Weibo is about to be listed, and Li Dong's market value is not low.
If Li Dong can achieve this, what will happen?
Tencent and Weibo are the second and third most powerful companies in the world. If Tencent and Weibo work together, they might be able to overtake Google and become the most powerful internet company in the world!
This is when Far Away Mall and Wan Tao Mall are excluded.
Can Far Away really achieve this?
Is Far Away really worth this much?
Regarding this point, there were still many people who were skeptical.
Of course, it was hard to say whether the company would be listed or not. It would depend on the specific situation.
But if Tencent's market value can exceed 50 billion USD after its listing, it is a gamble. MIH and the rest have no choice. If they do not bet, they will suffer huge losses.
Are the other investors willing to bet on this?
Bet that Tencent's market value will exceed 50 billion USD and 380 billion HKD?
While Bai Su is thinking, Li Dong said impatiently. "Let's stick to this plan. If it doesn't work, we will sign a VAM. We are not the only one doing this. Set a deadline. If it does not reach 50 billion USD, I will buy back the other party's shares at that price. Even if it reaches 50 billion USD, I will buy back the other party's shares at that price. Even if it reaches 50 billion USD, I will not let them off easily. I will buy back a portion of the shares at that price. They will know if it is an empty promise! "
Other internet companies will also sign VAM agreements, and Brother Ma had signed it several times. Of course, he will lose every time.
But they rarely sign buyback agreements. After all, internet companies have too much capital, and it is hard for them to support it.
But Far Away is different. Far Away still has a large number of industries to support it. Far Away Retail is currently the dominant company in Hua Xia's retail industry.
Li Dong said he wants to buy back the shares, and he still has the money to do so.
The risk was not too high. Whether they wanted to invest or not depended on the psychological expectations of other institutions.
If they feel that the 25% return is too low after 6 months, then it is up to them.
If they can accept it, then 2 billion USD will not be a problem.
To Li Dong, there is nothing to be dissatisfied with such a return. Furthermore, it is a guaranteed profit.
He does not feel much about signing the VAM agreement. This is the privilege of someone who has been reborn.
If it was someone else, they would be trembling in fear and under great pressure, afraid that they will not be able to meet the conditions and get into trouble.
For Li Dong, as long as the overall environment didn't have too big of a butterfly effect, some things wouldn't change too much.
The global economy has recovered, and the market value of many internet companies reached new highs in 2009. Far Away cannot do it?
In his previous life, Tencent's market value reached 40 billion USD at its peak in 2009. Far Away has shortened Tencent's development by about three years. How difficult would it be to increase it by 10 billion USD?
As for what others think, Li Dong could not be bothered. He does not lack investors now, and many financial institutions around the world are optimistic about him.
Even if you are not willing, there will be others who are willing.
2 billion USD is not a lot. If there are a lot of institutions involved, it will only be 100 to 200 million USD each. There will not be so many problems.
Bai Su heard Li Dong's tone and did not dare to say anything. She quickly wrote it down and asked. "Then are we going to follow the current proposal? But when we announced the proposal … "
"This is not a big problem. We will announce our proposal after we announce Tencent tomorrow morning. Everyone is not stupid. Both companies are coexisting, and PP is about to swallow up Tencent's PP industry. They know whether the value is equal or not. As for the proposal we released, I said that it is a Series A financing. This is not a financing. It is asset restructuring. Do you understand? We will cancel the Series A financing. These two are not the same plan. It will be fine if we change the proposal. "
Li Dong stealthily changed the concept. Anyway, the previous one was the previous one. Previously, it was PP financing. Now, it was a restructuring before going public.
If you really wanted to be serious about this, Li Dong would not ask you to invest.
There are good and bad corporate restructurings. It is difficult to create miracles.
But it is different now. Tencent has doubled in size, introduced a strong owner like Far away, and unified Hua Xia's instant messaging industry, including mobile devices.
The two cannot be mentioned in the same breath. Restructuring and going public will definitely create miracles.
Li Dong even found an excuse. Bai Su had no more doubts.
After recording Li Dong's words, Bai Su hesitated and said, "General Manager Li, now that Tencent has been defeated, the group will have a period of peace. I want to take advantage of this period to gain experience … After all, I have been in this position since the beginning of my internship … "
She said hesitantly. It is not appropriate for a secretary to ask the boss for a transfer.
The boss might think that the secretary had a problem with him or something.
Bai Su took the initiative to mention it because they are classmates. Some things can be explained more clearly.
As soon as she finished speaking, Li Dong could not help but turn to look at her.
After about three or four seconds, Li Dong said in a deep voice, "Where do you want to go?"
"I … I will go anywhere …"
Li Dong was a little depressed. He waved his hand and said, "Go to the personnel department to arrange it. As long as the gap between the ranks is not big, you can go wherever there is an empty position."
"General Manager Li …"
"Get out!"
Bai Su's face changed slightly. She bit her lip and finally turned to leave.
…
After Bai Su left, Li Dong suddenly said, "It is lonely at the top!"
As he gradually rose, some people and some things could not return to the state of the past.
He did not know if Bai Su wanted to leave because of the pressure or other reasons. But no matter what the reason was, the friendship between the former classmates had long been lost.
Between people, once interests, status, and rank were involved, the feelings would not be pure.
Even Wang Jie and Meng Qiping were the same.
In fact, Li Dong sometimes regretted letting these people enter Far away.
At that time, he thought that at least there was a friend to help him. Even if the ability was not strong, it was okay.
But when he really came to this step, he realized how naive his thoughts were.
When a friend or brother has a conflict of interest with you, and it's not an equal conflict of interest, it's very difficult to maintain the previous pure friendship.
Wang Jie and Meng Qiping were actually fine. They did not show it too obvious.
But to be honest, there were still changes.
Wang Jie was a tour guide for Shen Qian in Shanghai. When Li Dong was not around, he would not go out alone. Instead, he would bring his wife and children with him, afraid that Li Dong would misunderstand.
Meng Qiping used to go to Li Dong's office, but now he would hardly come again. He did not want people to say that he was trying to please Li Dong and wanted to get in through the back door.
Even if Meng Qiping wanted to come, Cheng Nan would not let him. Meng Qiping did not care, but Cheng Nan cared about these criticisms. She did not want to be gossiped about.
Gradually, there was more business between them, and less personal friendship.
This reminded Li Dong of Wei Yuan, who was still in Dongping. That guy did not change much. If it was Wang Jie, perhaps he would avoid going to Yuan Xue's office, but Wei Yuan did not care too much. When it was time to chat, he would not think too much.
Of course, Yuan Xue did not pay attention to him, so it was useless for him to go there.
In comparison, Li Dong understood that this person still changed after all.
Status and wealth were the key factors affecting these.
When Bai Su was at school, when she saw Li Dong, she rolled her eyes and scolded him for being pretentious, which was a common thing.
Since entering Far away, she was trembling with fear and submissive, and there was no posture of that year.
The longer she stayed with Li Dong, the more cautious Bai Su was, and the more she dared not show her true temperament, let alone mention the relationship between classmates.
She asked for a change of post. If it was an ordinary person, Li Dong might ask the reason, but this time he did not ask.
Because there were some things that there was no need to ask at all. If the distance was far away, there might be classmate friendship in the future. If it continued, the only trace of classmate friendship would completely dissipate.
At this moment, Li Dong was really touched.
At the same time, he couldn't help but think of Shen Qian. Maybe Shen Qian understood it better than he did. Otherwise, she would not have chosen to leave Far Away so simply.
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