The shareholding structure of Ali Group is particularly complex, especially the addition of Zhou Shi, whose shares were finally transferred to the hands of Sixiang Fund, but he holds both the shares of Ali Group and the shares of Taobao, and the Jackma team also holds a minority of shares in Taobao. In the middle, there has also been the listing of Ali's B2B business, and now the market is not performing well, and there is also an Alibaba Cloud, China Yahoo, so to speak, the situation of Ali Group's shares is very complicated. Whether it is listed on Taobao or Ahri as a whole, this is a problem that needs to be solved.

The rough estimate is that Yahoo owns 35 percent of the Alibaba Group, SoftBank roughly 25 percent, Four Elephants Fund about 12 percent, and the rest of the Jack Ma team and other investors about 28 percent. So this time, although Yahoo is the single largest shareholder, it generally has a veto power. But the power to balance it is not without power, at least the equity of SoftBank plus Sixiang Fund and Ali's team can exceed 51%, but in fact, how can it be so easy, Galaxy Capital is still a shareholder of Yahoo, and it can't harm Yahoo's interests, right?

However, if Zhou Shi controls Yahoo, it is equivalent to controlling 46% of Alibaba's shares, and the threat is far greater than that of Yahoo now, and in uniting some small and medium-sized shareholders, it may be able to overturn Jackma's notice. Zhou Shi talked to him a lot, but a few words could not dispel Jackma's concerns. As for letting Ahri's shares stay in Huaxia, just listen to it, for Jackma, control is the most important thing. Even if he is an idealist, most of them are idealists who only believe in themselves. Is it hard to find an excuse for yourself to betray?

"Sixiang Fund has introduced state-owned capital CDB Finance, with the influence of Ali, it is easy to attract state-owned capital to enter, maybe in a few years they will take the initiative to invest in Ali and Alipay, and most of the problems between us can be solved through such third-party negotiations. In addition, if I control Yahoo, after Ali goes public, if necessary, I can reduce the shares of Ali in my hands to less than 10% within ten years, and at the same time ensure that the Four Elephants Fund does not increase its holdings, even if the funds under Galaxy Capital invest in Alibaba, without the consent of Alibaba's management, even if it is an investment in Alibaba's shares, it will not exceed 5%. "Zhou Shi

"I'll think again!" Jackma was silent for a while

"This is my greatest sincerity!" Zhou Shi will not make more concessions, and there must be some specific details to ensure that his interests are lost.

In his previous life, Jackma made many concessions to SoftBank Sun Zhenyi in exchange for his assistance in the Yahoo incident, so that SoftBank finally owned 32.4% of Alibaba's shares, becoming the largest single shareholder, even if it is 33.34% away from having a veto (the company law stipulates that major matters must be approved by more than two-thirds of shareholders, that is, 66.67 percent), it is only 0.7 percent, and according to Alibaba's market value of 300 billion US dollars, it is about 2.8 billion US dollars. SoftBank has the capacity to raise hundreds of billions of dollars. So Jackma either compromised with Zhou Shi or Sun Zhenyi with Softbank. If he wants Zhou Shi and Sun Zhenyi to compete with each other and then he profits, then he will be embarrassed, Zhou Shi would rather stand on the opposite side of Jack Ma. You must know that others are also responsible to shareholders, Zhou Shi only needs to be responsible for himself, and the losses that both parties can bear are completely different, even if all his investments in Ali are wasted, the loss is only a few hundred million, and it is also conditional to hand over the voting rights of the shares in his hand to Jack Ma, for example, his rights and interests must be guaranteed not to be lost. If Jack Ma concedes to SoftBank Yahoo in order to deal with Zhou Shi, he will be putting the cart before the horse.

After saying that the news was kept secret for the time being, Jackma left, and Zhou Shi soon met Yang Zhiyuan of Yahoo.

Yahoo had a hard time, Karlbates had no effect on Yahoo's reforms, and the Internet advertising market in the United States was heavily influenced by Google and Famp; A double whammy, the cooperation with Microsoft did not bring it more benefits, and its market share fell year by year. It's about to get close to 5 percent, and at its peak, it had more than 20 percent of the Internet advertising market. And now it is advertised by the media that it is about to go bankrupt and go bankrupt, and even a bankrupt settlement like AOL is eyeing Yahoo and wants to buy it. It's really a tiger falling in Pingyang and being bullied by dogs, and the dragon is trapped in the shallows, and Yang Zhiyuan is very uncomfortable as the chief of Yahoo. He and Karlbarts have now largely lost the trust of investors, and it is almost only a matter of time before they both step down, and the media is not optimistic about it. Of course, Yang Zhiyuan's situation is much better, after all, investing in Ali is his real merit, whether it is his luck or foresight.

"I may not be able to invest in Yelp this time!" Yang Zhiyuan sighed

"It doesn't matter, there are a lot of investors this time, and there are not many requirements. "Zhou Shi

"I have some regrets that I can't invest in Yelp, and his future may be better than Alibaba's. "Yang Zhiyuan

"No one can say what the future holds, and Yahoo may succeed if it changes people. The current Karlbac is too ...... "Zhou Shi doesn't know how to complain about this woman."

"Karbac is not good, but we don't have the right candidate, many people are reluctant to go to Yahoo ......" Yang Zhiyuan, what he said is not wrong, such a mess, Alibaba and Japan's Yahoo shares are worth money, Sun Zhenyi is also seeking to recover its shares in Japan's Yahoo. The bleak wind and cold rain and leaves are still cruel, and the heart is cold when I see the falling flowers. Where to go through the vicissitudes of life today to ask, when will the spring scene be returned in the dream. Yang Zhiyuan can only recall the glory of Yahoo in his dreams.

Zhou Shi will not directly tell him now, to become the owner of Yahoo, Yang Zhiyuan does not know whether it is help or resistance. Since he is a shareholder in both companies, the merger relies heavily on investors such as Goldman Sachs. And if Alibaba's value is further highlighted, the likelihood of a successful acquisition of Yahoo will drop further. Therefore, he can't offend Yang Zhiyuan and let him do his best to prevent Zhou Shi from joining Yahoo.

"Yahoo should determine its position as soon as possible, whether it's a tech company or a media company. Zhou Shi put forward his own opinion

"What's the doubt about that, we're a tech company. "Yang Zhiyuan

"But what technology does Yahoo have that is commendable?" Zhou Shi

Yahoo's search was scrapped by Microsoft's cooperation, and none of the other products seemed to have made much progress. However, Yahoo's sports, finance, entertainment and other news sectors have a wide range of popularity, supporting a lot of Yahoo's traffic. There's been a lot of talk about it, and it's ridiculous that Yahoo doesn't know it. Take a hundred plating to read the latest chapter of "The Rebirth of the Post-80s Legend Claw Book House" for free for the first time.