When he learned that Song Weiyang was going to invest $10 million, Goldman Sachs immediately quit and thought that Song Weiyang had broken the rules.

Alibaba's round of financing was led by Goldman Sachs. Goldman Sachs represents the American market, AB represents the European market, and TDF represents the Southeast Asian market, and these three companies are willing to accept Taurus Capital because Taurus Capital can represent the Chinese market, but they don't want Taurus Capital to hold too many shares.

Just like Alibaba's second round of financing in history, SoftBank, which represents the Japanese benzene market, had to invest $30 million, but Goldman Sachs directly rejected the plan, and was allowed to inject $20 million after many negotiations.

Ma Xiaoyun personally flew to Shenghai, had an interview with Song Weiyang, and called Goldman Sachs to discuss, tossing for more than half a month before compromising with each other, and the results were as follows: Alibaba's valuation was raised, the capital injection amount of Taurus Capital fell to $6 million, and the total capital injection of several investment banks led by Goldman Sachs increased to $8 million.

Alibaba's shareholding structure becomes: Ma Xiaoyun's team (48%), Song Weiyang (10%), Taurus Capital (18%), and investment banks led by Goldman Sachs (24%) - Song Weiyang is the de facto major shareholder.

Ma Xiaoyun suffered!

Because Alibaba is developing too fast and is about to enter a blowout stage. Historically, after only two months of refinancing, Alibaba's valuation directly doubled, and after receiving $25 million in financing, Ma Xiaoyun's team still has absolute control. After another three months, Alibaba raised money again, and its valuation doubled several times, and after raising $82 million, Ma's team still owns 47% of the equity.

Now, due to Song Weiyang's sideways intervention, which led to too much financing in the first round, Ma Xiaoyun's team only has 48% of the equity left.

Of course, with the means of Ma Xiaoyun and Cai Chongxin, the shareholding structure will definitely be "purified" in the future.

Historically, Alibaba's B2B company has been listed in Hong Kong City, and before going public, it directly brought in $1 billion in financing from Yahoo and used the $1 billion to complete the liquidation, and the equity of early investors was almost eaten up. Next, Ma Xiaoyun privatized and withdrew from Hong Kong stocks, "closing the door and fighting tigers" to frantically weaken Yahoo's equity.

During this period, in order to buy back Yahoo's equity, Ma Xiaoyun also brought in investors from the United States, Singapore and Russia. In order to compete with these new shareholders and obtain domestic policy support, Ma Xiaoyun has brought in a number of national teams, including: China Investment, CITIC Capital, Boyu Capital, China Development Bank Capital and so on.

So, don't think about controlling Alibaba, let alone pointing fingers at Ma Xiaoyun. Whichever one has the most shares is the target of Ma Xiaoyun's attack, even if Song Weiyang continues to make additional investments, it is impossible for the equity to exceed 35% in the future - that is a red line, and if it is exceeded, it will be squeezed out by Ma Xiaoyun.

However, Song Weiyang can invest in Alipay in the future, and the central bank wants to prevent foreign capital from controlling China's financial system.

……

Sheng Hai.

"Ding-dong, ding-dong!"

Lin Zhuoyun heard the doorbell, jumped up from the sofa with a bang, opened the door and said, "You came so fast, bring things in." ”

Song Weiyang heard a noise in the study, walked to the living room to take a look, but saw a man carrying a cardboard box in.

"What's the situation?" asked Song Weiyang.

"Online shopping, it's very fashionable now," Lin Zhuoyun said as she opened the cardboard box, "I tried to buy some books and VCDs, but I didn't expect to place an order in the morning and deliver them in the afternoon!"

Song Weiyang smiled: "It's quite fast." ”

Lin Zhuoyun said excitedly: "It's like acting in a science fiction movie, Chinese can actually shop online, it's incredible to think about it." ”

Song Weiyang was quite curious and asked, "How did you pay?"

Lin Zhuoyun said: "You can send money first, but this way is too slow. Cash on delivery is also available, but there are very few merchants that support cash on delivery. 8848 has electronic money, remittance and recharge in advance, you can use electronic money to buy things. Really, it's very convenient, I don't have to go out to buy books in the future!"

Song Weiyang rarely saw Lin Zhuoyun so excited, as if he had opened a door to a new world.

Just before the National Day, China's first B2C website, "8848.com", launched a campaign called "72-hour network survival test". The 12 volunteers from Beijing, Shenghai and Huadu were sent to completely unfamiliar cities, locked up in hotel rooms, with only one computer to communicate with the outside world, and had to shop online for three days to survive.

One of the volunteers, who only came into contact with the Internet after signing up, could not even send or receive emails, and could not confirm the emails of the ordering units. In order to allow her to eat, netizens posted hundreds of posts to support her, but the volunteer did not know how to visit the forum.

Of course, there are also some old networms, who turn on the Internet as soon as they enter the room, and even buy razors and water dispensers. But I was also hungry enough, and it took several hours to order food online, and it was complained about after ten years.

The event was filmed and broadcast by CCTV, which quickly caused a national sensation, and 8848 online shopping and online shopping became a fashionable topic.

Nowadays, China's e-commerce has become the world of 8848. And Wang Juntao, the chairman and president of 8848, also has a network name "Lao Rong", and the post "Dalian Jinzhou Don't Believe in Tears" was written by him.

If 8848 had insisted on B2C, I am afraid that Taobao would have been suppressed later, but unfortunately this company was controlled by capital (it received $60 million in financing this year).

Investors such as Yahoo and SoftBank just wanted to go public quickly, only to burst the dot-com bubble. They saw that Ma Xiaoyun was in full swing of B2B, so they forced 8848 to transform, and because Wang Juntao was disobedient, they also recruited Tan Zhi, vice president of Microsoft, to be the airborne CEO.

This is pure nonsense, at that time, 8848 was already a B2C overlord and the preferred website for Chinese netizens to shop. As a result, I put down my main business and didn't do it, so I had to go to Alibaba, but I didn't have Alibaba's reputation and resources, so I didn't die too ugly.

Lin Zhuoyun happily put away the books and VCD, held a book and asked with a smile: "You say, will China become like science fiction in the future, as long as a computer can survive, food and clothing can be ordered directly from the Internet?"

"It's easy, it'll be ten years away. Song Weiyang said.

"You just brag," Lin Zhuoyun obviously disbelieved, "in ten years, it would be nice if 10% of Chinese could afford computers." If many people order food online, I'm afraid there are not enough delivery people, and how can restaurants afford it. If there are few people ordering food online, then the restaurant will not have much to make and the website will not have a lot of revenue. ”

Song Weiyang said with a smile: "You can open a special company, each person is equipped with a motorcycle, the restaurant will deliver it if it has a list, and it will rest if there is no order, and the restaurant does not need to raise its own delivery staff." ”

Lin Zhuoyun thought about it and said: "It seems that it can be done, but there must be more people who order food, otherwise the salary of the delivery staff can drag down the company." ”

The two were looking forward to the future, when suddenly Doudou rushed in, still holding a VCD in his hand.

Doudou ran back to the room without saying a word, and when she came to the living room again, she was already covered with a sheet and holding a small folding fan in her hand.

Song Weiyang said happily: "What kind of style are you?"

Doudou did not answer, but turned on the TV and played a pirated VCD.

I saw a woman on the TV screen, covered in gold, dancing to the beat of the music.

Doudou like a madman jumped along, waving a fan from time to time, and putting the tail finger of his left hand to his mouth, shouting like a psychopath: "Ali Ali has Maiduma to Naga, but the institutions are Naringa Salarima and ......"

Lin Zhuoyun said: "What's the situation?"

Song Weiyang scratched his head and said, "The Korean Wave is here so early?"