In the U.S. stock market, most investment funds have diversified holdings, with more than 10 percent of a company held by the founder shareholders. Reed Hastings doesn't own a lot of shares in Netflix, and after multiple dilutions in financing, his stake in Netflix is less than 10 percent.

Zhou Shi actually wants to enter the video field, because in the global advertising market, the share of video broadcasting is growing rapidly. However, there are many reasons for not entering, mainly lack of money and YouTube's relationship with him. Zhou Shi, who has not been short of money since the beginning of his business, has been constantly encountering the dilemma of lack of money, not that he is really out of money, mainly because there is a big difference between the company and the individual. Even if he wants to give it to the company, there is no suitable way, of course, like Jabbs, he will not do this kind of saint's practice of lending the cashed out funds to the company without interest. Besides, after the acquisition of LinkedIn, Zhou Shi's stake in Yahoo has become 35 percent, and he will also keep the stock to ensure his control.

However, Hastings did not agree to Yahoo's acquisition, Yahoo's market value is only more than $40 billion, and Netflix also has a market value of about $5 billion. And Hastings doesn't think being acquired by Yahoo is a good option. Zhou Shi didn't care, he still became the top five major shareholders of Netflix, and this time he joined Netflix's board of directors. He also joined the board of directors of Adobe, which he holds 9.9 percent of the company's shares, making him the single largest shareholder of Adobe.

Although it is not yet the end of the year, Zhou Shi's assets have changed to 9.9% of Amazon, 9.9% of Adobe, 9% of Guohu, 6.8% plus 5% of Netflix, and 35% of Yahoo. As for the cash on his body, it seems that there is not much except for various salary income. I don't know what's going on, it's clear that except for Yahoo's stock that has been falling recently, his net worth is still rising, almost $30 billion.

In fact, it is very simple, Zhou Shi cashed out Amazon and Netflix at a high level to take a stake in Yahoo, and Yahoo is at an all-time low, and the part of the stock price rise is enough to offset the decline. If it weren't for his inclusion of 5 percent of Disney and 5 percent of Netflix, as well as 100 percent of Fengyun Culture and Sports, into the family trust, his current wealth would have exceeded $30 billion.

Zhou Shi was busy dealing with his own private assets, and the domestic Huatou was also busy forming a consortium until Ali completed its privatization in Xiangjiang and adjusted the company's structure. Ali's equity structure has always been a mystery, first of all, Ali's B2B business has a market value of about 8 billion, and the equity structure is complex, and then there is the Taobao section, which has also become very complicated under the deliberate efforts of Jack Ma and Zhou Shi, not to mention the Alipay business and so on. Some of the information from the previous life is also very interesting, Yahoo transferred 50 percent of its own shares in Alibaba, and then retained 23 percent of Ali shares, as if Yahoo held 46 percent of Alibaba's shares, how is it possible? In fact, Ali bought nearly half of Yahoo's common shares with cash and preferred shares, and Ali's valuation at that time was less than $40 billion.

Galaxy Capital and Sixiang Fund participated in it through Zhou Shi, and held almost 10% of the shares of Alibaba Group, and various complex relationships can be described as intricate.

Alibaba's privatization will cost HK$18 billion, and more than a dozen bank consortia have already committed loans, as well as a number of international private equity funds, including KKR, Silver Lake Capital, White Tiger Fund, Temasek, Yunfeng Fund and DST, which may raise more than US$3 billion in total. However, if they want to buy Yahoo's shares, they also have to go through Alibaba, after all, the situation is complicated enough now, and Jackma doesn't want to look for trouble.

"Are we really going to transfer Ali's shares?" Tim Morse, Zhou Shi took the matter to the company for discussion, and many people were puzzled. Especially in the recent Double 11, Taobao's record sales exceeded 5.2 billion yuan in one day, and the transaction volume in 2011 reached 650 billion soft girl coins, which is 100 billion US dollars (Ali's fiscal year is not a natural year).

"That's right, but our development is more important, and we continue to hold so many shares, do you think Jackma will be at ease? Does the development of the enterprise depend entirely on personal relationships?" Zhou Shi, Jackma said that it is better to let Yahoo's shares not be less than SoftBank, and vice versa, it is better not to be for SoftBank. For Jackma, the more dispersed the shareholders are, the better it is for him, and besides, Zhou Shi is actually a bigger threat than Yahoo was at the beginning.

"We give up part of our shares, so that Jackma is more at ease and more motivated, and at the same time, because of the addition of Huaxia state-owned capital, we can speed up the progress of Ali's overall listing, so that he has better development prospects in China, which is beneficial to our long-term benefits," Zhou Shi

"I agree with Simon, too!" Chen Shouzong

"That's right, Ali is just one of our investment projects, and the most important thing for us is Yahoo's own development...... "Marisa Mayer

"Okay then, but you can't cheapen them. "Tim Morse

"Of ......course," Zhou Shi said, he didn't directly say Ali's $50 billion valuation, mainly because he wanted to give them a chance to perform. As chairman, he doesn't need to compete with anyone for credit, only Yahoo's growth is his credit.

At the same time that Zhou Shi and they were discussing for the equity in their hands, Ali's delisting plan was also approved, and this time the shares of Ali Group and the people acting in concert combined exceeded 75%, although the price returned to the origin of the IPO, but it was also said in the past. Although it will take time to officially complete the delisting process, the matter has actually ended now, and it is no different from the process of Ali's delisting in the previous life.

Since learning Netflix culture, Zhou Shi has always been very excited, but compared to Yahoo, Netflix is still a small company. Yahoo has more than 20,000 employees, how many Netflix have? However, Yahoo headquarters can follow Netflix's methods, such as eliminating the vacation system and letting Yahoo employees choose their own vacation time. You can also get all kinds of data from it, see a person's sense of responsibility and so on. This means collecting data from HR and OA systems and analyzing them by themselves. I don't know if this data can be used to assess the health of an enterprise's internal management and operations.

After LinkedIn was acquired by Yahoo, it was supported by Yahoo's traffic, the user growth rate exploded, and the development of DingTalk was also put on the agenda. Anyway, it's not to replace the OA system, but to improve efficiency, at most so that employees have more choices, bosses all over the world should be about the same, right???? 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.