Chapter 594: Buying Taobao Shares
People from all three venture capital firms got together. Pen "Fun" Pavilion www.biquge.info
The person sent by Henry said: "Hello everyone, I am Meng Wenfu, the manager of Nicholas International E-commerce Group in China, and the purpose of my coming here is very simple, that is, to acquire Taobao shares in your hands!"
Representatives of the three venture capital firms looked at each other.
Meng Wenbin continued: "We are willing to buy your Taobao shares at a high premium of 15%, and if you are willing, we will make a deal; if you are unwilling, Nicholas International E-commerce will carry out a crazy suppression of Taobao! Are you willing to see the depreciation of the shares in your hands, or sell them at a high price now?"
"Mr. Meng, hasn't Taobao been suppressed by Nicholas International E-commerce, but now it occupies 9% of China's e-commerce market share!" said the representative of Sequoia Capital, with a hint of mockery in his tone.
When Meng Wenbin heard this, he laughed, he looked at the representative of Sequoia Capital, and said disdainfully: "Taobao is just losing money and making money, have you really made money? In addition, who are the people who open stores on Taobao? More than 70% of them are fake dealers, which leads to worse and worse reputation! Do you know what people say about Taobao?"
"Fake Concentration Camp !!," Meng Wenbin said with a contemptuous smile, "According to the information we have collected, it is precisely because Taobao has too many fakes that the user viscosity is the lowest among all e-commerce websites." When people buy valuables, they choose Amazon!!"
In addition, on mobile, Amazon, eBay and Alibaba already occupy more than 95% of the market share. With the increasing number of smartphone users, the mobile terminal will be more important than the PC side! And the smartphone is the entrance to the mobile terminal, the three hottest smartphones Williams GalaxyS1, Hongnian Xiaomi and Apple iPhone are all Williams's industry, and the two major smartphone operating systems Android and iOS are also Williams's industry, if Taobao is blocked, do you think, Taobao still has development prospects?"
As soon as Meng Wenbin's words were finished, the faces of the representatives of the three venture capital companies changed.
"To sell or not to sell, please make a decision as soon as possible!"
After speaking, Meng Weibin picked up the tea cup and drank the tea leisurely.
Representatives of the other three venture capital firms got together and began to discuss in whispers.
After three or four minutes, the three of them agreed on the same page.
Subsequently, the IDG representative spoke: "Our three venture capital firms have unanimously decided to sell Taobao shares to you, but it must be at a premium of 20%!"
"Okay, no problem!! Meng Wenbin nodded and said, "At present, Taobao has not been listed, but according to its market share and sales, we give a valuation of 800 million US dollars, and you have a total of 25% of the shares, a premium of 20%, that is, 240 million US dollars!
The three of them looked at each other and nodded.
So, in the afternoon of the same day, Henry acquired 25% of Taobao's shares!
After signing the agreement, Meng Wenbin said: "Don't announce our transaction first, even Jack Ma and SoftBank have to be notified, I hope everyone can keep it confidential!"
"Okay, no problem!"
……
At this moment, Masayoshi Son was so busy during this time that he had to sell SoftBank's assets!
Just when Son was worried about the money, a Chinese venture capital institution called "Oriental Capital" took the initiative to come to the door, "Mr. Sun, I am Liu Liang, CEO of Oriental Capital Venture Capital. Our company is more interested in Taobao, but I wonder if SoftBank can give up its shares? If SoftBank is willing to sell its Taobao shares to our company, we can pay $400 million!!."
Son frowned slightly, a little hesitant!
Liu Liang, CEO of Oriental Capital, is more than 1.8 meters tall and has a very short flat hairstyle, and Son is just as tall as his shoulders. "Mr. Sun, SoftBank is in a stock market crisis, and $400 million can play a big role! If you hesitate, I'm afraid SoftBank will be finished!" Liu Liang said with a smile on his face, obviously meaning to rob while the fire is hot!
Son Zhengyi's face became quite ugly, his eyes were certain, and he made a decision very decisively: "Okay, we will sell it to you, but the funds must be in place immediately!!"
"No problem, sign the contract on the same day, and the money will be transferred to SoftBank's corporate account immediately!"
Liu Liang looked at Sun Zhengyi and praised, "It is worthy of Mr. Sun, he really has the courage to survive with a broken tail, which is really admirable!"
Son Masayoshi was not happy because of the other party's appreciation, and he was very unwilling to sell his shares in Taobao, but in order to save SoftBank, he had to do it!
"Thank you for the compliment, you also know the current situation of SoftBank, in a hurry, can we sign a contract immediately?!" Son said in a deep voice.
"Okay, when you say it, when you want!" As he spoke, Tommy Washington snapped his fingers and instructed the female secretary on the side, "Immediately draw up two agreements, and Mr. Sun of SoftBank asks to sign a contract with us immediately!"
"Yes!"
Liu Liang turned his head to look at Sun Zhengyi, holding a glass of wine, and said, "Come, Mr. Sun, let's have a drink, it won't be long before the agreement can be drafted." ”
Mr. Sun smiled, picked up the wine glass and touched it with Liu Liang, and said, "Cheers!"
A glass of wine is all bitter!
……
An hour later, Son came out of the venture capital firm with an agreement, and from then on, Taobao had nothing to do with SoftBank......
Beijing.
"Your Majesty, Liu Liang has already obtained a stake in Taobao!" Villerett immediately reported.
"Very good, let Liu Liang go to Hangzhou immediately, and notify Ma Yun as a major shareholder to hold a general meeting of shareholders!!"
"Yes!"
……
In the afternoon of the next day, Tommy Washington came to Hangzhou with his team at Hangzhou Airport, and Ma Yun personally picked up the plane at the airport.
SoftBank sold its shares to Oriental Capital, which couldn't help but give Jack Ma a glimmer of hope. Oriental Capital is a venture capital company registered in the Cayman Islands, it is a relatively mysterious but very powerful venture capital institution in China, investing in Ctrip, Youku, Tudou, Kuai~Bo, Storm Audio, Xunlei, Yiche and many other Internet companies, which may bring investment to Taobao!
Everyone then came to the headquarters of Taobao, and the shareholders' meeting officially began!
Ma Yun was the first to speak: "This is Liu Liang, CEO of our new shareholder representative Oriental Capital, everyone is welcome!"
Bang Bang Bang!
After the applause, Ma Yun asked: "Mr. Liu, this shareholders' meeting was proposed by you, is there anything wrong?"
Liu Liang smiled and said straight to the point: "Oriental Capital not only holds 40% of Taobao shares in the hands of SoftBank, but also buys 25% of Taobao shares in the hands of IDG Capital, Sequoia Capital and DCM Capital. In other words, Oriental Capital holds 65% of Taobao's shares!"
When Ma Yun and Taobao management heard this, they were shocked!
(To be continued.) )