Vol 5 Chapter 211: The stars are bleak and the moon rises (1)

Xu Qinglian sat in Wang Ai's arms and asked, "Aren't we still shareholders of Ali?"
"Yes." Wang Ai nodded, and pulled his girlfriend's body by the way to make her sit more comfortable: "If it was before, we will tell you about this and we will definitely give us top resources. But not now. , We can’t get the top-level resources now, unless we spend a lot of money. What about you, it’s just started now, regardless of the size or thickness of the plate, using top-level resources is wasted. After all, you have to use top-level resources. Only when the points grow, the resources that match the strength can play the best role."
"Yeah." Xu Qinglian replied, and after a moment of silence, suddenly said: "Listen to you, it seems that there is a problem with our cooperation with Boss Ma?"
Wang Ai looked up for a moment and shook his head: "It’s not a problem. In 1999, we invested 100 million, accounting for 10% undiluted. We are the first round of angel investment and the only one. You know, this traditional investment thinking, At least you have to see something, what kind of land, factories, and the worst you have to have extensive social connections. What did Boss Ma have at the time? He had a mouth, so no one in China would vote for him except us, this 10% He also accepted it happily. The same is true of Xiao Ma’s boss. Tencent’s situation was similar to that of Ali. Now, uh..."
"Has the agreement changed?" Xu Qinglian asked keenly. Seeing Wang Ai nodded, she said in surprise: "It's in black and white!"
Wang Ai smiled and patted Xu Qinglian's cheek: "Say silly things."
"Oh, tell me what's going on!" Xu Qinglian turned around to face Wang Ai.
Wang Ai thought for a while, and said, "Have you ever heard of the "Chen Shimei" in Peking Opera? Oh, have you always heard of Chen Shimei in folklore? Don't the older generations always say Chen Shimei and Chen Shimei? Discussing what happened to the real Chen Shimei in history, we will just say the story itself, your character."
Xu Qinglian was a little impatient at dragging Wang Ai so far, and said angrily: "I can't taste it!"
Wang Ai smiled: "This shows that any agreement is a manifestation of the strength of the two parties. Isn't Chen Shimei and the original partner? There are some contemporary Chen Shimei? If there are strong moral and legal constraints between individuals, Well, in shopping malls, you know, shopping malls are like battlefields. In many cases, there are no rules. It depends on who has the highest means and strength."
Speaking of this, Wang Ai said with emotion: "Now, if Ali goes public, the scale will not be smaller than ours. Then this 10% is not diluted, how can it be kept? After the third round of financing the year before last year, there will be a test. Over our attitude. It was listed in Hong Kong at the end of last year. Our 10% is very eye-catching. Every round of investment has people who want to get our treatment. The pressure on Mr. Ma is also very high. So before the listing in Hong Kong last year, Mr. Ma came here specially After a trip to Beijing to talk to my dad, my dad agreed to change the terms of the year due to various internal and external considerations."
"How much did you lose?"
"It's not a big loss. It's the same sentence. We have the strength to maintain this 10%. Now, although our strength has grown, Ali has grown faster. In contrast, we can't maintain it. We have to change. Of course, we are all asset-heavy. Ali is basically asset-light. They still can't beat us when we really fight, but we can't get better, so if we can talk about it, the leader's meaning is to let us solve it peacefully. "
"Then, what terms?"
"It's very complicated. I can't remember that much. To put it simply, our 10 undiluted before the listing became a dilutable 16, and after the listing, we sold 6 but still kept 10."
"That's..." Xu Qinglian thought for a while: "While retaining the 10% dilutable, it has recovered 2 billion Hong Kong dollars? Nine years of angel investment...it seems, normal."
Wang Ai smiled: "Don't be too greedy. It's okay. This is the case with our strength. In the future, if Ali goes public in the United States, it will definitely have to make a big leap. But that kind of money, we can't make it, we have to be Morgan A powerful investment bank such as Stanley, while speculating, investing, and pushing up the stock price. It is a capital game in people’s homes. It is not a game of capital that can be played with money, or it can be said to be somersaulting. Do you eat meat? If we still held 10% at that time, people would not be able to do it. I estimate that if we can retain 5%, it will be the sky."
Xu Qinglian was silent for a while and looked at Wang Ai and said, "If, I mean, if we disagree when Boss Ma is talking to his uncle, what will happen? You just said that the leader does not want us to fight, but this is also aimed at both sides. Yes, it’s not just for us, right?"
Wang Ai nodded: "Of course, Ali is the future and hope, but we are also a guarantee for the lives of hundreds of thousands of laid-off workers in Northeast China. The palms of the palms and the backs of the hands are all meat, and the leader cannot just hit us."
"Then we won't give in, what will happen?"
Wang Ai thought for a while: "Actually, what I just said may be a little abstract, so I will elaborate now. Suppose, if we don’t fight, there will be no way for Boss Ma? No. For example, Ali’s core is Taobao, and Taobao can actually be split up. For example, we don’t give in. It’s good that boss Ma organized Taobao’s people to set up another company to independently develop the business that Taobao wanted to develop. Do we have a way?"
"Isn't that benefit transfer? It violates the listed company law?" Xu Qinglian frowned.
"It's absolutely not illegal for people to violate the law, or it's really illegal. We are also a minority shareholder in Alibaba. We are not a controlling shareholder. We have no right to speak. And in the final analysis, our initial investment was invested in Boss Ma. In fact, it is an investment in talents. People really want to go out alone to develop another set, what can we do? Do we have talents in this field? Do you want to talk about litigation? Don't say how many years can this kind of case be concluded, it is a trial. Now, maybe the time has passed. And if you really want to go to court, it would really be torn apart. It is equivalent to starting a war between our two families. This is something our two families and superiors have tried to avoid."
"So?" Wang Ai held Xu Qinglian's face: "My dear, just accept it when you see it. Time changes. There are no unchanging rules in the market. You can't look at companies and companies based on the trust between people. The relationship between."
Xu Qinglian gave a cry, and then she was silent again and suddenly asked: "Then, where are we and Tencent?"
Wang Ai laughed: "Boss Pony is kinder, or thinner, but the idea is the same. Now that we have talked with the boss of Malaysia, don’t wait for the boss of Pony to help it. So it was last year. , We also reached a similar agreement with Tencent."