"Feng Yu is too much. He said he will raise funds for his friend first. 20 million shares and 800 million USD. When it comes to us, 5 million shares will cost 400 million USD. Does he think we are idiots? "
Citibank's directors are discussing with the directors of JPMorgan Chase and three other banks. They want to invest in Amazon, but they do not want to be fooled by Feng Yu!
But Ralph argued. Is eBay better than Amazon? Their share prices are more than 100 USD, and Amazon is offering you 80 USD per share. Is it expensive?
Didn't you all say you all are optimistic about Amazon and had no intention of selling to you all? Didn't Boss give you all a chance to buy Amazon's shares? If you all do not want to buy, it's fine. My boss will invest in these shares himself. Does he need more than 1 billion USD?
"That Mr. Fu is the head of Hong Kong's top family, the Fu Family. The Fu Family's assets should be more than 10 billion USD. I heard the Fu Family is Feng's partner during the Asian Financial Crisis and had given him lots of support. That's why Feng is giving them a discount. "
"Which side are you on? Are you saying that Yuntong Bank is willing to accept this price? "
"I did not say that. Based on what Ralph said, the share prices are so different in less than two weeks. How can they be so different? They are not listed, and why do they think their share prices will double? I think we can negotiate with them at this price. If Ralph does not agree, we can speak to Feng Yu directly. "
"How? Don't you all know Feng Yu's attitude? Although we don't know how much money he has in his bank account, it should not be less than 10 billion USD. Even if he does nothing, he will not be able to spend all his money in his lifetime! Furthermore, all of Feng's companies' shares had brought him high profits. "
"No. The price Feng gave us is too targeted. If he does not want to agree, he can reject us directly. I guess he has other requests and is waiting for us to negotiate. "
"Other requests? What requests? If it's a loan, it's fine. We had worked with Feng before, and if he wants a loan, we will give him the loan as soon as possible. But does Feng need a loan? He has more cash than those casinos! "
"I don't know, but I decided to speak to him. Instead of guessing here, why not ask him directly? "
Someone left. The others looked at each other and immediately left as well. They had thought of working together to target Amazon, such as blocking Amazon's online payments.
But this will push Amazon into the arms of other banks. Although Amazon is one of the top 10 banks in China, there are many banks in the US, and Feng Yu is close to Huifeng. If other banks support Amazon, Amazon will be in an awkward position.
Feng Yu asked Ralph to pass this information to the four banks' representatives, and at the same time, he asked Amazon to sign the financing contract with Fu Rongqi. This is a good deal, and Fu Rongqi is satisfied.
There was another reason why Feng Yu had asked Fu Rongqi to invest in Amazon. He wanted the Fu Family to have a seat on the board and help them manage Amazon. The Fu Family was very experienced in the retail industry, and they will surely be able to help Amazon develop faster.
Amazon had overtaken eBay in terms of scale, but not by much. More importantly, eBay had already started to expand outside of China.
Although Kirilenko is eBay's biggest shareholder, and Feng Yu is happy for him, he does not want to lose out to him. Bezos doesn't want to lose to eBay's CEO, Whitman. It will make him feel like he is being bullied by a woman.
Amazon did not have enough funds in the past and cannot expand overseas. Setting up a website is not a problem, as Amazon is experienced in this field. But Amazon is a B2C business, and they need a warehouse and logistics center. If not, where are they going to store their goods? Also, the company's other expenses are not a small amount.
To put it bluntly, the only thing Amazon lacks is money.
Now, with Fu Rongqi's 800 million USD investment, Amazon can start their expansion in the Americas. Maybe they can expand faster than eBay.
But Amazon still does not have enough funds to expand to Europe. Luckily, General Manager Feng said he will start the second round of direct financing to ensure the company has sufficient funds.
The four banks did not expect Amazon to sign a financing contract with Fu Ruiqiang while they were still considering. Amazon also told Fu Ruiqiang that they will start the second round of financing immediately.
The four banks are panicking. If Amazon still does not agree to the second round of funding, they will lose the chance to invest in Amazon forever.
When a company lacks funds, others will invest. But when the company does not lack funds and wants to invest, others will not agree.
So, the four banks' representatives came to Feng Yu's office again. They want to speak to Feng Yu to see what conditions Feng Yu has in mind.
"I had developed a payment software with my friend's company. We are providing a payment platform, and we want to get the banks' support …"
Feng Yu told the representatives of the four banks about Alipay's idea.
Huaqi Bank's representative frowned. He is familiar with payment software because they had signed a cooperation agreement with another payment platform. At the same time, another big company had used this payment platform.
It's just that the efficiency of this payment platform isn't very high. Most of the users still choose to use online banking. They don't trust this payment platform.
Now, Feng Yu wants to set up a payment platform and wants to work with them. Is he trying to snatch Paypal's customers?
That means Amazon is going to compete with eBay.
To the four banks, it's better for Amazon and eBay to coexist peacefully. This is because the four banks also own a lot of eBay's shares. If one of these banks suffers losses, it will be their loss. It's best if both parties can make profits.
"Mr Feng, this Alipay you mentioned is not unique, right? From what I know, there is a payment software called Paypal, and eBay had adopted it. It is doing well. "Huaqi's representative said.
Seems like Feng Yu is only so-so. He did not even understand the market. Alipay might be good, but with a competitor like Paypal, how good can it be?
The other three banks' representatives also had a sneer on their faces. But they quickly hid it. They are here to seek cooperation and not to mock Feng Yu. Feng Yu's temper was not good, and he was young and impetuous. There was no need to offend Feng Yu over such a small matter.
Just when they thought Feng Yu will be shocked, Feng Yu calmly said. "Paypal? That company is also mine!"
… …
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