Recast youth

Chapter 1379 The troubles of business giants

In the eyes of outsiders.

Ma Yun is now one of the most influential business leaders in the country, but he also has a lot of troubles, especially this year. Many people used to question Ma Yun, calling him a liar.

I don't know what to say.

These are all.

Last year, 2005, was Ma Yun's peak, building Alibaba into the Chinese e-commerce empire. The US$10 billion deal with Yahoo not only provided Alibaba with sufficient funds, but also obtained the world's most advanced search engine technology. , the development trend of e-commerce shows that in addition to the payment system, search engines will become a crucial link in e-commerce in the future.

In 2005, Alibaba under the leadership of Ma Yun entered almost all key business areas involved in e-commerce: B2B, C2C, online payment, search and portal business, etc. What is commendable is that he managed each business with great success.

But everything is different this year.

First of all, the problem of counterfeit goods on Taobao website has caused a lot of noise, which has made Taobao's "money" scene, which Ma Yun had high hopes for, increasingly dwindling. There is no money coming in, and the speed of burning money has increased a lot.

As for payment insurance.

Needless to say, Maple Leaf Pay is currently not profitable, and neither is PayGuard. Then Yahoo! China, which came with the $10 dollar, is also in bad shape. The number of daily visits is deteriorating, and it has become a real sick tiger. Not only was it unable to help Ma Yun make money, but it was constantly helping Ma Yun burn money while being pursued and intercepted by Baidu, Sohu, Sina and other companies.

This is why Ma Yun went to the West Lake to relax alone after all the company staff got off work.

Arrived inside the office.

After a brief exchange with Ye Feng, Ma Yun felt that Ye Feng was quite humble, so she told Ye Feng some of the problems her company was currently facing to see if she could get some insights from others.

After hearing this, Ye Feng pondered for a while.

Regarding the Taobao counterfeit goods crisis, these Ye Feng are not very sure how Ma Yun solved it in his previous life. Anyway, it turned out that Ma Yun solved it. As for the development trend of payment insurance, it is also very good.

The only bad thing is Ma Yun's acquisition of Yahoo China.

In 2005, Alibaba acquired Yahoo China and US$40 billion with 35% equity and 10% voting rights, which shocked the country. However, this transaction was a huge loss for Ma Yun.

First of all, it has been 7 years since Yahoo China entered the domestic market. It has been mediocre and has not achieved much. After being acquired by Alibaba, it is still suffering losses.

Later, it spent a huge amount of money to repurchase Yahoo's shares in Alibaba.

Later, when the cooperation between Yahoo and Alibaba reached a turning point, according to the agreement at the time, Yahoo's voting rights increased from 35% to 39% under the terms at the time, becoming Alibaba's largest shareholder in one fell swoop. This not only caused Ma Yun's team to lose its first As a major shareholder, and according to their agreement, Ma Yun and his management team may be fired by the board of directors at any time, which makes Alibaba's founder Jack Ma and his management team sit on pins and needles.

It can be said that Ma Yun is now at great risk of being kicked out.

"how to say."

Ye Feng thought for a while and said to Ma Yun: "Mr. Ma, our business directions are still a little inconsistent. Your business direction is mainly e-commerce. Although I also have an e-commerce website, I am engaged in the trading of virtual game items. , is not linked to reality, so I can’t give you much advice on website management.” At this point, Ye Feng suddenly asked: “But I think you made a mistake in acquiring Yahoo China with 40 shares.”

Ma Yun said: "For money."

"Alibaba should not be short of cash last year."

Ye Feng glanced at Ma Yun. When he developed Maple Leaf Payment last year, he also learned about the development of payment insurance and knew that Ali was using Taobao's huge accumulated funds as bait to negotiate with banks.

Ma Yun didn't expect Ye Feng to be so concerned about her company's operating conditions. She nodded and said, "Yes, Ali has no shortage of cash flow, but this money is also crucial to Ali's development. It's like having ammunition when marching to war." , it can allow Alibaba to do things that it wanted to do but could not do before, and develop faster. The most important thing is that last year Taobao was competing with eBay (Chinese Electronic Bay, eBay, eBay). Chinese people have preconceived ideas when buying and selling things. Concept, so Ali must prepare in advance for this battle."

At this point, Ma Yun handed Ye Feng a cigarette and continued: "This money was necessary last year. If we think of other methods, there may be obstacles or uneconomical. This is the cheapest method that Ali could choose last year." , and you can also get Yahoo’s core search engine technology.”

Ye Feng lit the cigarette, took a puff, and said, "It seems obviously not cost-effective now."

"Yes."

Ma Yun nodded sadly.

How could he not know this?The key is that the plan is not as fast as the change. He knows it painfully. The company gives out 40% of the shares plus 35% of the equity. What it wants is Yahoo's cash flow and core search technology.

However, Yahoo’s $10 billion dowry was cashed out by investors, and only $2.5 million was obtained. In addition, Alibaba has never used Yahoo’s core search engine technology, although the Yahoo system includes Yahoo search and 3721’s market share in China , second only to Baidu and ahead of Google, but Yahoo does not give Alibaba much technical support.

And what makes him most helpless is that he and the Alibaba management team set up a team at Yahoo in the United States, hoping to transform and develop search technology, but Yahoo did not cooperate at all.

So now there is a situation where it is difficult to get out of the situation. Shares and equity are given out, but the actual gains are not that big. The stock issue is not bad, but the equity issue is really too troublesome.

Ma Yun sighed and said, "I submitted my resignation to the board of directors some time ago."

"No way?"

Ye Feng was a little surprised. He still didn't know about this, so he asked curiously: "Why?"

"Because some of the terms in the Yahoo acquisition last year were like this."

Now, Ma Yun has nothing to hide, saying: "According to the agreement, starting from October 2010, Yahoo's voting rights will increase to 10%, and it will become Alibaba's largest shareholder. In this way, Yahoo's seat on the board of directors will Increased to two, that is, both Yahoo and Alibaba can appoint two directors, and SoftBank still has one. In addition, as long as I hold one share of the company, I have the right to appoint a director on the board of directors."

Ye Feng said: "Isn't this good?"

"But the clause "Ma Yun, CEO of Alibaba Group, will not be fired" will expire by then, and Yahoo, which will become the largest shareholder of the group, will have the opportunity to fire me in accordance with the board of directors or the company's articles of association."

Ma Yun looked at Ye Feng and said with a heavy tone.

(End of this chapter)