On May 21 this year, after Alibaba and Yahoo jointly announced a share buyback, the financing plan also began.

This month, Alibaba plans to raise $4.3 billion in the sale of $15.5 per share of common stock and $1,000 per share of convertible preferred stock.

The so-called convertible preferred stock means that the holder can convert it into common stock in a specific proportion.

This thing is said to be mysterious, but in fact, it literally means 'convertible'.

When the company you invest in is getting worse and worse, the preferred shareholders can get the company's surplus property before the common shareholders, and if it is going to do better, you can also exchange it for more valuable common stock.

This is extremely low risk for investors, and of course, the price is not cheap.

At the same time, this design was also accepted by joint-stock companies,

Imagine a situation where no one wants your normally issued shares, and people can't even wipe their butts when they buy them, you can issue convertible preferred shares and take the low-risk ones to fool around with some money.

Of course, this thing doesn't mean much to Wen Xiaoguang.

Although Li Yidan was trying his best to persuade Wen Xiaoguang before, he didn't agree at that time, and he always felt that something was wrong.

And the meeting he and Tang Shujie said was this matter.

The discussion is not about unilateral overweighting, but also about holding and reducing holdings.

"Ali is actually competing with us, and I said directly that it is profitable to buy shares while they are raising money, but at the same time we are helping our competitors with this little money. After May 21, Yahoo's voting power dropped to less than 50 percent and it gave up a series of vetoes on Alibaba Group's strategic and operational decisions. ”

Ma Yun is clearing all obstacles, looking at this year's actions is equivalent to starting a second business, and when he starts a business, he will definitely fight with WeChat on the project. ”

In fact, now Weituo and Ali are still cooperating, and they have exchanged WeChat traffic for about 1.2% of Alibaba Group's equity, but the honeymoon period is less than a year, and the two companies have embarked on the road of competition in many fields.

The world is changing rapidly, and this is normal in the business world, as the saying goes, there are no permanent friends.

Although Wen Xiaoguang sat firmly in Diaoyutai, after listening to them arguing for a while, he felt that these people couldn't argue about anything, "I'll find time to talk to Ma Yun, and then wait for me to decide." ”

It's hard to decide because everyone is right, some people say that it should be split directly, but is this good for Weituo? Wen Xiaoguang remembered that even if there was no WeChat at all, people were still making great progress.

Therefore, Weituo gave up this investment income, and the result was still the same.

But on the other hand, Weituo also went to buy Ali's shares at this time and made a small amount of money, but in the end it may make a big mistake.

Dialectics doesn't work at this time, because the world is incredibly complex.

Of course, if you really take a step back, choose to cut off all cooperation with Alibaba, and inherit the road of Tengxun to the opposite side of Alibaba, Weituo is not without options, at least there is a JD.com.

Not long ago, on August 14th, Jingdong suddenly announced that all major appliances in the mall would maintain zero gross profit in the next three years, which started a crazy price war with Suning.

Liu Qiangdong is tough and strong, Alibaba has such a complete ecology, he still leads JD.com to get better and better, and the biggest crisis encountered over the years is only the Minnesota incident, and the business itself seems to be living well.

Although the asset-heavy model has always been suspected, capital has full confidence in him, and has been tolerant of JD.com's losses for many years, and many investors have given him more than $2 billion to burn in the past seven years.

Regarding this, Liu Qiangdong's response is actually right: Jingdong's money burning is to exchange RMB for logistics centers, warehousing bases, and big trucks, and the wealth is still there, just like you exchange money for a house, and the money burning of the O2O platform is the real money.

The subsidy war of the takeaway platform, if you spend it, you will spend it, and you can't buy users, as long as the opponent subsidizes more, the user will betray immediately.

Wen Xiaoguang felt that before meeting Ma Yun, he had to meet Qiangdong at least once.

These two are people with tough elements in their personalities, but Wen Xiaoguang is not a soft persimmon, and labor and management hold WeChat, can they be more comfortable than you.

There is another advantage of shaking hands with JD.com, after Liu Qiangdong invested in logistics, other directions have not dared to make moves, and gave up the payment field in desperation, here, there is room for cooperation with WeChat payment.

Thinking about it, Wen Xiaoguang didn't hesitate, and directly turned over the phone book, Beijing is so big, the circle of entrepreneurs is also very small, and the industry is close, and the appointment is made.

The other party also wants to see him.

But when he went downstairs and saw the Starbucks opposite, Wen Xiaoguang was a little confused, and he was a little blamed for forgetting one thing when he was busy, but fortunately, he didn't have the patience to listen to them for too long in this meeting.

Dr. Tang waited less than 30 minutes.

She also ran out of it after seeing Wen Xiaoguang, but there was more than one person who came out, and it was both an assistant and a secretary, which made her a little confused, "...... What are you?"

Wen Xiaoguang also hurried up, "Even if it's too late, come with me first, and I'll talk to you on the way." ”

Tang Shujie glanced at Song Yiqiu, who was following closely, she was not inferior in terms of beauty, but she seemed to be a little older.

"Yiqiu, you come to drive. ”

Wen Xiaoguang threw the key over, and then asked Tang Shujie to get into the car together.

Because there are so many people, it doesn't matter if someone sees it, anyway, there are either men or women around him, and he looks in a hurry, all for work.

"Mr. Wen ......" Tang Shujie was a little embarrassed to see this posture, did he disturb other people's schedules.

"Wait a minute. I'll make a phone call to take care of things. ”

Wen Xiaoguang motioned for her to be quiet for the time being, and the girl immediately didn't dare to speak.

"Hey, Mr. Ma, it's me. ”

“...... We are going to make payments, I also said in public, WeChat supported several local life service providers, their initial model, payment and collection problems could not be solved, so at that time in order to solve their problem to launch WeChat Pay, later proved to be good. ”

Mr. Ma also said bluntly, "Now everyone is busy competing for the high point of the mobile Internet, and in the field of instant messaging, we don't pay attention to social networking, and I can't just press this directly...... We'll have to talk about it. ”

Wen Xiaoguang thought to himself, "Aren't we cooperating?"

"What's not satisfied. But we think we can be appropriately open, and you don't put ads on WeChat, which is amazing. ”

"WeChat has to guarantee the user experience, which can't be helped. Or you have a good relationship with Brother Xiaoma, and you ask him not to touch my mind. ”

Each company has its own reasons for getting to this point.

It's all about growing the company.

There is no despicable and noble distinction, and the eight immortals cross the sea to show their magical powers.

"Of course I won't interfere with the operation of WeChat, so let's do it, if it really doesn't work, I think we can buy you in the payment field. ”

Wen Xiaoguang remembered that Alipay was not divested, "How to acquire?"

"We have a plan to make it easy to acquire. ”

In this case, Wen Xiaoguang was not polite, "Then the project about the exchange must be stopped." ”

"To be honest, this is a difficult decision, and I can't give you a definitive answer right away. ”

Why don't you go to heaven, this is this, that is also necessary.

Rest well, you.

The reason why Wen Xiaoguang just took a step back is not because of the contacts, although this thing can give them a little trouble, but he is not afraid, WeChat already has a first-mover advantage.

He just thinks that Ant Financial, with Alipay as the core, will indeed develop extremely rapidly in the future, and if it can cooperate in the field of payment, it is not impossible.

It's not the heart of the micro-extension strategy either.

But the other party doesn't want to give up anything, and puts a strong attitude towards logistics companies and the acquired companies on his head, which will not work.

"If you want anything, I'll just sell you the whole of Weituo. Anyway, rumors are spreading outside. ”

"Really?" He was still a little excited, if there was a micro-extension entrance system, Ali would definitely soar into the sky.

"Fake!"

~~

After hanging up the phone, Wen Xiaoguang looked at the crowd outside the car window, and his heart was actually on the other side.

He dialed Li Yidan's phone.

"First of all, suspend the participation plan of Ali Financing, although we have sufficient cash flow, there is really no need to feed each other. Over there, it's a monster that won't be satisfied. ”

Li Yidan couldn't help but feel pity, she reminded again, "Mr. Wen, these two hundred million dollars must be profitable, and even if we don't participate, you know that it won't affect Ali." ”

That's true, it's basically giving away the money you can earn to someone else.

But Wen Xiaoguang did not change his will, and he was not a submissive person.

"I won't give him $200 million, and not only that, but my attitude is also very resolute, if Alibaba insists on challenging us in the core area of social networking, WeChat will cut off all cooperation with them Taobao and Tmall. You can even contact to see if anyone is willing to buy 1.2 percentage points of Alibaba shares in our hands, which is the money we get in exchange for traffic, and let's exchange it and throw it on JD.com. ”

Li Yidan didn't expect such a change, "To this extent?"

"A kind-hearted person can't be a boss, Ma Yun will definitely be a good boss, he is too unkind and wants too much. If you have a good temper, you are also easy to be bullied, this is true of life, and it is also true of business. Don't you always look at that little bit of investment profit, let's just talk about hundreds of millions of dollars in and out, do we lack that money?"

"At this point, we have to learn from Teng Xun, Ma Huateng looks mild-tempered, but the behavior at the company level is very ruthless, and whoever he says will be. ”

"The initiative has always been in our hands, don't mess with us, they are very cool, I bet with you, as long as we are resolute, Alibaba will definitely give in, at least the future project will be extended for half a year!"

Instant messaging is time-sensitive, and the window of opportunity will slowly close over time, and delaying it for another half a year is no different from pressing the 'give up' button.

Wen Xiaoguang's words, except for Tang Shujie, everyone else could understand them.

Because the background of these words is that Ali is financing.

In their opinion, threatening to cut off the connection between WeChat and Taobao at this time is actually a bit of an 'unkind taking advantage of people's danger'.

Such significant adverse news at the time of financing could affect their plans.

......

Communicate, to communicate in a language that the other party can understand, just talking, he is asking you a sky-high price.

"Okay, Mr. Wen, I see. ”

Tang Shujie watched Wen Xiaoguang in this car and made several phone calls in 20 minutes, after which Li Wenbo sent an email to Alibaba.

The wording in the email was more intense.

Dr. Tang didn't say a word from beginning to end, until Wen Xiaoguang took the initiative to speak to her, "It's almost." I'm a little embarrassed to do it, it's all temporary, so you're in a hurry. ”

"No, it doesn't matter. I thought I was influencing you. ”

Wen Xiaoguang spread his hands, "It doesn't matter." In fact, this is the normal state of my work, and after a while, I have to meet a friend who is in business, if you don't mind, maybe you ......"

Song Yiqiu suddenly interjected, "Mr. Wen, I can send your friend back first." ”

Tang Shujie: ???

"I don't care, I've waited so long, I don't care if it's a little longer, I know you're busy, understand. ”

Song Yiqiu looked through the central rearview mirror, but did not speak again.

"Oh well. "Wen Xiaoguang has a lot of things to do, and he is too lazy to study women's minds.

"That's right, Mr. Wen. Dr. Tang may have been provoked, but after being able to speak, he talked a little more, "Can I ask you a question?"

"You say. ”

"You just joked with someone on the phone, why was the wording in the email so intense?"

"Because we are friends ourselves, I have a personal relationship with him. And competition is the norm in business, so don't take it too seriously. At the same time, we are also responsible for our respective companies, so business dealings still have to be business-to-business, so there is nothing to talk about. ”

Dr. Tang should be able to understand.

After arriving at the place, Song Yiqiu quickly got out of the car, "Mr. Liu has postponed a board of directors to see us for twenty minutes, we should make good use of this time." ”

Wen Xiaoguang shook his suit, "This conversation needs some art, he wants to talk to me about WeChat, I want to talk to him about WeChat payment, his character is not easy to give into, this is the first time, we don't have high expectations for each other, I guess just say hello,"

Wen Xiaoguang expects Alibaba to postpone the project, so for the time being, WeChat will not suddenly put the link to Taobao down.

In fact, in the business circle, everyone also communicates with each other, Liu Qiangdong naturally knows that Ali's acquisition of WeChat is not successful, and he wants to set up his own portal.

......

Dr. Tang was left alone in the car, but fortunately, it didn't seem that their time would exceed twenty minutes.

She had been waiting since the afternoon, and it was already evening, and it would soon be dark.

This can be regarded as witnessing Wen Xiaoguang's daily work, which makes her discouraged.

Wen Xiaoguang is really busy.

Out of boredom, she also made a phone call.

"Good news, bad news, which do you want to hear. ”

Zhou Yan was polite, "Don't go around in circles, I'm in a hurry, say it quickly." ”

"The good news is that I bumped into Wen Xiaoguang downstairs at their company, and I'm sitting in his car right now. ”

"Holy, really?!"

"The bad news is that I've been waiting for nearly four hours since I sat in the Starbucks downstairs in their company, I watched him send off a foreigner, waited for him to have a meeting, listened to him work remotely in the car, discussed business with the big boss, and let his subordinates listen to his orders to work, and finally had a little hope, but he told me that the drive was not to go home, but to meet another boss!"

"I know what you're going to say, he's too busy. ”

"He didn't stop talking, but he only had two words to say to me. ”

Zhou Yan said with the spirit of Ah Q: "What you should think is: he wants to say so much, and he even took the time to talk to me!"

"No kidding, I really didn't expect him to be so busy, it's amazing. ”

"Look at him up close, is he handsome?"

"Wow, it's so handsome, especially when I say cruel words, I feel very good, I feel like I'm not good at this president's style. ”

"Why are you in a hurry, you're obviously here to show off to me?" Zhou Yan suddenly wanted to scold.

"No, it's a bit of a rush to wait so long, but it's a lot of good things, so I'll just wait. ”

Don't say it, show off, Dr. Tang is really not so anxious.

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