Chapter 203: Twenty Percent Off
"Let the manager in the United States do a good job, and after the matter is done, promotion and salary increase will not be a problem!"
Holding Google's latest internal report in his hand, Ding Le suddenly had a feeling in his heart that he was in the middle of a strategy and a decisive victory thousands of miles away.
Ding Le seemed interested in taking the school entrance examination to Gao Renqiang, and as he walked, he asked, "If Google withdraws from the Chinese market at this moment, who will be the biggest profiteer?"
Gao Renqiang thought about the answer quickly in his mind, the boss's question made him feel a little confused, so difficult that he didn't wake up after drinking too much last night......?
Looking at Gao Renqiang's hesitant appearance, Ding Le no longer embarrassed him, he said with a smile: "According to iResearch's latest report, the size of China's search engine market will reach 7 billion yuan in 2009, of which Baidu occupies 63.1% of the market revenue share, and Google China accounts for 33.2%. ”
"Google withdrew from the Chinese market, and I guess the market gap it left behind will be quickly carved up. Du Niang will take up the banner of the search engine market, of course, other domestic companies, such as Sogou and NetEase, will also get a piece of the pie. In short, except for Google, everyone will be happy. ”
According to the script of the previous life, the winner of this party is none other than Du Niang. In the past few years after Google withdrew from China, Du Niang's income maintained a rapid growth rate of about 60% on average, and in 2015, the revenue reached 66.4 billion yuan, nearly 15 times that of 2009. At the same time, Du Niang's market value has also increased nearly 100 times, and even approached the $100 billion mark at one point.
But now because of Ding Le's horizontal insertion, the script of the previous life is about to be overturned and rewritten. Ding Le plans to take over Google China, and then implement employee equity incentives, and then the next step is to operate Google China's independent listing, which is also something he has been thinking about for a long time.
Google China's ownership has changed, there are bound to be many people have other ideas, Ding Le wants to leave the company's hundreds of technical backbones, in addition to high salary, equity incentives are an excellent magic weapon.
In Ding Le's view, Google has been in the Chinese market for many years, and professional managers have sent batch after batch, but they have never been able to dominate, and the lack of ownership of employees is also a very important reason.
In addition to binding and stimulating core talents, equity incentives are also a necessary condition for technology companies planning to be listed in overseas capital markets.
Ding Le walked into the office, found a comfortable position in the boss's chair, sat down, and carefully read the report in his hand.
Gao Renqiang saw Ding Le's concentrated appearance, so he retreated lightly, he has been with the boss for a long time, he knows Ding Le's temper a little, and what the boss needs most at this moment is quiet.
In the eyes of ordinary social animals, it must be extremely boring to work every day in the face of endless reports, charts, and figures, but Ding Le enjoys it.
There is no fast track to success, and all success comes from not rolling hard and running. Every bit of boredom and every bit of boredom now will have its due value in the future. If you want to succeed, you have to endure the loneliness and boredom before success.
It took more than half an hour, and Ding Le barely finished reading the entire report. The foreigner does not have so many curves in his heart, he can't use Chinese to write reports, and he has to check the translation on the Internet when he encounters words that he doesn't understand.
Now that Google's top management has already had the idea of quitting, Ding Le feels that he should also speed up the progress of fundraising. The so-called mergers and acquisitions are not all about money in the end. If you have money to buy all over the world, you can't move an inch without money.
How much does it cost for Weibo to win Google China? This is also a question that Ding Le has been thinking about recently.
Before 2009, the largest M&A in China's Internet industry was Ahri's acquisition of Yahoo China.
Ding Le checked a lot of information about the transaction through the Internet, and what is confusing is that the outside world knows very little about the specific amount of this transaction.
On August 11, 2005, Ahri and Yahoo held a press conference in the imperial capital, announcing that the two sides had signed a cooperation agreement, under which Ahri acquired all the assets of Yahoo China at a consideration of 40% economic interests and 35% voting rights, and at the same time received a $1 billion investment from Yahoo. Ahri's acquisition of assets includes......
In 2005, Ahri had not yet been listed, so Ding Le had no choice but to refer to the issue price of Ahri at the time of the IPO on Hong Kong Island in 2007, and roughly estimated that the final transaction price of the merger and acquisition that year was about 4 billion US dollars.
In 2007, Ahri IPO in Hong Kong, with a total of 859 million shares, accounting for 17% of the total number of shares, at HK$13.5 per share, the IPO raised a total of HK$11.6 billion, about US$1.5 billion. By reverse calculation, Yahoo held a 40 percent stake in Ahri at the time of the 2005 acquisition, or about $3.5 billion.
Ding Le comprehensively considered Ahri's business development in the next two years, applied the discounted cash flow valuation model, and came up with a preliminary price. To be conservative, he made a 20% discount on this basis, and came up with the final figure, that is, the transaction value of Ahri's acquisition of Yahoo in 2005 was about $2.8 billion.
Referring to the scale of Yahoo China's business in the Chinese market that year, for Weibo's acquisition of Google China, Ding Le's upper limit of the price given by Ding Le is 4 billion US dollars, and if it is also discounted, the final merger and acquisition amount is about 3.2 billion US dollars.
The wallet is bulging, and any business is easy to discuss; the bag is shy, and the discount is too expensive.
At present, the free funds at the disposal of Ding Le are the $2 billion on the account of the Black Panther, and if he wants to buy Google China, he will have to pour it back a few more times.
In his previous life, when Ding Le was watching the rebirth of Shuangwen, whenever he saw those reborn children, they were as small as making a fortune and having a group of wives and concubines, to establishing political power and changing history, and some even led human beings to break out of the shackles of gravity and run towards the vast universe. He will think about such a question, how to quantitatively evaluate the ability of a reborn child?
Now, if you apply this question to him, then there is only one answer, and the best way is to measure it by money.
In 2007, in the big domestic bull market, he started from 100,000 yuan and reached a market value of 60 million.
In 2008, during the subprime mortgage crisis, he shorted Wall Street, from Bear Stearns to Lehman, bringing his market value to billions of dollars.
The above two sets of data are enough to prove Ding Le's super ability to attract gold, but this is only in the past. The real challenge has just begun. In 2009, before the end of the fourth quarter, he wanted to turn $2 billion into $4 billion to provide enough ammunition for Weibo to buy Google.
For anyone other than Ding Le, this is simply an impossible task, and the base and increase set by this KPI indicator will be helpless even if Buffett comes!
Find out the target market, guided by his trading strategy, with a professional trading team to execute, seize the violent market fluctuations, although the time is short and the task is heavy, for Ding Le, this thing is difficult, but it is not difficult to achieve, who let him have a golden finger!
Taking advantage of market fluctuations, Gao Renqiang finally closed the stock held by Black Panther, withdrew the funds from the stock market, and then transferred all the funds to the futures account.
Through a group of professional traders like Sid, Ding Le used the bull market of LME copper to make a wave of plans, and it has also entered the stage of full rollout.