"If you want me to think that spending $1 billion and only holding small shares is still a very cost-effective business, then you must at least make N-Stan to be the first in the video field in China. Moreover, it cannot be ranked first with Youku.

Do you understand what I mean? It's not that '100 million traffic, 30 million daily active users' data itself is worth the price, and you also have to make sure that you are obviously beyond any peers. If someone is similar to you, this data is not that valuable."

Jack Ma pointed out Feng Jianxiong's sky-high asking price in aphrodisiac.

However, Feng Jianxiong was not at all unhappy. He followed this tone and said: "I know, so I told you about the options in the future - at present, my own funds are enough for me to support for several years. I also have confidence that within two years, I can stay at least equal to Youku in all aspects and completely overtake it within three years. So, at that time, you will invest first in the industry. What I hope is that when I need your money in the future, you can really give out so much money."

"Where did you get the confidence?" Jackma couldn't help but feel a little amused.

Feng Jianxiong said confidently: "This is a trade secret, but I believe that with your foresight, it can be seen that this is an era of drastic changes. Although Jobs was dead, the concept of a smartphone was inevitably put in, just like the flood that opened the gate.

HTC is now selling crazy, with shipments of more than 10 million this year. You should know that it has only been sold for a few months, and it has only started to pour in in large quantities in the second half of the year. Android phones of other brands have also been launched one after another. In the future, people will generally watch videos on their mobile phones. There is no Thunder or QQ whirlwind on that platform, and it is harder to find resources using BT and magnetic links than computers.

In short, the territory of all resources will be reconstructed. User behavioral data will be easier to capture than in the computer era, and consumption habits will be easier to understand... Anyway, I am confident that I can see through the differentiated competition points, which are much more than Gu Yong. This is an era of overtaking on the curve, not just burning money without any technical content. I can now start from scratch to achieve one-third of his traffic and surpass him in the number of paid people. With this window period, why worry about not being able to surpass him.

Anyway, this is not what you should care about. At that time, as long as you are responsible, I will pay you; if I don’t do it, I believe you will not be wrong with the money you have prepared, because Gu Yong will need you to pay. I believe you will definitely have to buy a video website at that time, right?

The competition among the giants is transforming from free competition to ‘defensive competition’. The war between you and Boss Li and Prednima is in all aspects. You don’t have to do well in their large business categories, but you must also ensure that at least ‘has’.”

At least 70% of Feng Jianxiong's words were shining in them, Jack Ma could think of them himself, or hear them when he was communicating with other visionaries in the circle.

However, there were still 20 to 30% of the practical information that made Jack Ma really lit up. Although these points were not enough to make him believe that Feng Jianxiong would succeed in overtaking, he also had more confidence in him.

After all, this is a young man who has been creating miracles. He can be so awesome at the age of 23.

Moreover, in the end, Feng Jianxiong's words, "No matter whether I win or not, you have to prepare money to buy a video website" really gave Jack Ma a sense of fate.

He himself has vaguely felt the competitive form of the future giant era.

But, it was not as certain as Feng Jianxiong said.

Then, the question now becomes: Jack Ma hopes to confirm, why is it Alibaba?

Why did Feng Jianxiong come to Alibaba for money?

Of course, Jack Ma knew that his personal relationship with Feng Jianxiong was quite good, and he had successfully cooperated several times in business, and his experience was quite pleasant.

However, he also knew that Feng Jianxiong was a very independent person and did not choose to take sides.

What's more, as top business tycoons, they all have a clear understanding of "friendship belongs to friendship, business belongs to business".

He never felt that a person who had been with the Ali Group for a long time would still be emotional when facing major events such as financing and equity changes.

After all, if the world could be viewed so simply, Cheng Wei, who had been working for many years after Alibaba, would not have gone out to find Preynima and Luo Shuohan to ask for money. (Although this incident has not happened yet, Cheng Wei is still working on Alipay and has not founded Didi.)

If the poacher is really necessary, he will always offer various incredible discounts.

Friendship and hatred are nothing in the face of such real preferential conditions.

So, Jack Ma gave Feng Jianxiong a vaccination and reminded him: "Nicole, don't tell me, because you spoke to Xiaoma and Boss Li in the public opinion war of "free economy and paid economy" and offended people, so you had to come and surrender to me-

I won't believe this kind of mental retardation. Their demeanor is not something that ordinary people can measure. As long as you have value to them, even if they are scolded by you just now and lose face, they will definitely be willing to give out 1 billion or 800 million US dollars to buy you now."

The reason why Jackma said this is because of his clear understanding of the objective situation.

Because, although he is rich, in the Bat landscape, at least at the critical moment in 2010, Ah Li is relatively poor and the worst.

The one with the most abundant cash flow is now Baidu. Their main business is to make profits in a crazy way. The financing in the US stock market is also smooth and there is no money spent at all.

Even in history, even in the two years of the O2O war, Boss Li missed the half-time game in the mobile Internet era, and often posted on this circle of friends:

"When I woke up in the morning, I found that there were more than 50 billion lying there in Baidu's account and there was no arrangement. I couldn't wait anymore. I was going to take out 20 billion to fight for o2o." (Of course, everyone knows that the 20 billion sautéed after two years, and I also fought. In the end, it cost more than 8 billion yuan to sell glutinous rice to Ele.me. Boss Li didn't hold up his Baidu wallet, and lost more than 11 billion yuan on it.)

The second most abundant cash flow is Tengyun.

Although the money-making ability of Tengyun Game in 2010 is less than one-tenth of that in ten years, Tengyun is still better in the capital market than Ali.

Cash flow is either based on profits, but mainly through financing.

The reason why Ah Li is now tight in funds and has to raise $1 billion when he sees a good deal, is that Jack Ma is preparing to delist.

As we all know, from 2007 to 2011 in history, Alibaba was actually a Hong Kong stock company. It was listed in Xiangjiang and looked at the Hang Seng Index.

It was relisted on the Nasdaq in the United States after delisting from the Hong Kong stock market in 2011 and was preparing for several years.

Anyone with a little common sense knows that every time an Internet company goes public, it is the time when the funds are most abundant, and you can buy and buy crazily, fearing that the money is not good in your hands and investment will depreciate.

Once a company is about to delist, it is the time when the funds are most tight - it must prepare a lot of cash and repurchase all the outstanding shares in the public market.

In other words, Ah Li may be in the midst of the fundraising period to be prepared to delist. Although this news has not been made public to the public, Feng Jianxiong can guess (ps: What do you think you guessed? You clearly remember the conclusion like other reborn dogs, and you despise it!)

Although Jack Ma didn't know how Feng Jianxiong guessed, he believed that Feng Jianxiong must know.

After all, at least ten people know about this within the Ali Group.

Jack Ma believes that a news that he knows that he has "so wide" is not hidden from Feng Jianxiong.

But it was precisely because of this that he became even more suspicious of Feng Jianxiong's eagerness to defect to him and discussing in-depth cooperation.

Why don’t you go to Boss Li or Preynima?

If you don't give a reasonable explanation, this matter will definitely not be trusted.

...

"The reason why I look for you is actually very simple. Because I will always bet on the payment economy. I hope that my N-site will be the website with the highest membership payment rate in the future. It will provide users with high-quality video content instead of cheating clicks and selling ads.

The payment habits of the users of Duniang and Penguin are of poor quality, and only Alipay users have the best payment habits, so I am willing to find you to invest.”

Faced with Jack Ma's doubts, Feng Jianxiong replied.

"It's that simple? I don't think it's enough." Jack Ma questioned Feng Jianxiong's eyes like a hawk.

"Of course there are other things. For example, I think in two or three years, when I need money, you will be the most capable of paying out of the three big bosses, and it also happens to be the most generous one. So, you can only get the best price to me if you find me." Feng Jianxiong added.

Jackma said curiously: "Why do you think so?"

"Because Duni and Penguin are both very stable at present, they will continue to hang out on the Nasdaq and Hong Kong stocks respectively. Only you are planning to delist from the Hong Kong stock market and return to the Nasdaq. I believe that your tossing will be much more money than the world imagined. You will not spend it at that time - if you can't do it, I can also help you add fuel to ensure you do it."

After hearing this, Jack Ma became slightly alert during the conversation today for the first time:

"When did you get involved in legal services in capital operations? Haven't you always focused on intellectual property-related businesses? I've never heard of any company you help with to operate a listing business."

Whether it is the listing of domestic Internet companies or the construction of vie architecture, business is actually relatively monopoly.

Just like more than ten years ago, Sohu, Sina, and NetEase all asked Liu Gang to operate the Nasdaq listing because they are recognized as the number one capital operation lawyer in China.

The legal service circle in this field is narrower than the intellectual property circle and cannot accommodate a few big fish at all.

More than ten years have passed, and when the Chinese boss thought of going to list on Nasdaq, he still had his habit of looking for lawyer Liu.

Even in the past few years, some bosses, who obviously had a company that was not qualified enough to go public in Nasdaq, could only be considered a pro-ipo, and they had to raise another round or two. Then they would spend a lot of money to hire lawyer Liu as their listing consultant and spend hundreds of millions of lawyer fees.

Then, carrying a lawyer's entrustment agreement, he started to cheat with Lawyer Liu's sign:

Our company hired Liu Gang as a listing consultant! He was the lawyer who helped Sina NetEase Sohu successfully go public on Baidu back then! So what else do you have to worry about? How could it be that the listing was not successful? It’s just that there is a slight short-term funding gap now. If you invest in my company, you will be able to make a return in less than a year and a half! Then you will sell it directly to American shareholders to cash out!

Jackma is also a human being, so he cannot be spared.

When considering the question of "how to let Ali delist from Hong Kong stocks at the lowest cost and return to Nasdaq", his default option was to continue looking for Liu Gang.

After all, continuing the path that Sohu Sina NetEase Tencent Baidu has taken is the safest way.

What's more, when he went to Hong Kong stock market to go public three years ago, he just asked Liu Gang to do it, and he was already an old customer.
Chapter completed!