"If you want me to think that 'spending $1 billion and only holding a small stock' is still a very cost-effective business, then you must at least make N station the first in the video field in China. Moreover, it can't be tied for first place with Youku.

You know what I mean, it's not that '100 million traffic, 30 million daily active users' is worth the price itself, you also have to make sure that you are significantly better than any of your peers. If someone is similar to you, that number isn't that valuable. ”

Jack Ma pointed out Feng Jianxiong's sky-high asking price.

However, Feng Jianxiong was not unhappy in the slightest. He followed this tone and said: "I know, that's why I'm telling you about future options - at the moment, my own funds are enough to support me for several years." I am also confident that within two years, I can at least match Youku in all aspects, and completely surpass it within three years. So, when the time comes, you will be the first in the industry. What I hope is that in the future, when I need your money, you will be able to get that much money. ”

"Where did you get your confidence?" said Jackma, who couldn't help but laugh.

Feng Jianxiong said confidently: "This is a trade secret, but I believe that with your foresight, you can also see that this is an era of drastic changes." Although Steve Jobs is dead, the concept of smartphones has inevitably been put in, like a flood that opens the floodgates.

HTC has been selling like crazy now, and this year's shipments are more than 10 million, you must know that his family has only been selling for a few months, and it is only in the second half of the year that a large number of people have begun to pour in. Other brands of Android phones have also been launched one after another. In the future, people will generally watch videos on their mobile phones, and there is no thunderbolt on that platform, no QQ whirlwind, and it is more difficult to find resources with BT and magnetic links than computers.

All in all, the landscape of all resources will be restructured. User behavior data will also be easier to capture and more likely to understand consumption habits than in the computer era...... Anyway, I am confident that there are far more differentiated competition points that I can see through than Gu Yongjiang. This is an era of overtaking in corners, and it is not a direct burning of money without technical content. I can now do one-third of his traffic from scratch and surpass him in the number of people who pay. With this window period, why worry about not surpassing him.

Anyway, that's not what you're supposed to care about. When the time comes, you only need to be responsible for me, and you will pay for it, and if I don't, I believe that you will not be wrong to prepare the money, because Gu Yong will need you to pay for it. I'm sure you're going to have to buy a video site, aren't you?

The competition among the giants is transforming from free competition to 'defensive competition', and the war between you and Boss Li and Predneema is all-round. They have a large chunk of business that you don't have to do well, but you definitely have to make sure that you at least 'have'. ”

Feng Jianxiong's words, at least seventy or eighty percent of the shining points in it, Jackma himself can think of it, or hear it when he usually communicates with other visionaries in the circle.

However, there are still two or three percent of dry goods, which make Jack Horse's eyes really shine. Although these points were not enough to make him believe that Feng Jianxiong would definitely succeed, they also gave him a little more confidence.

After all, this is a young man who has been creating miracles, and he can be so awesome at the age of 23.

Moreover, in the end, Feng Jianxiong's words "No matter if I win Youku or not, you have to prepare money to buy a video website", it really gave Jack Ma a sense of fate.

He himself has already vaguely felt the form of competition in the era of future giants.

It's just that it's not as sure as Feng Jianxiong said.

So, now the question becomes: Jackma wants to confirm, why is it Ahriba?

Why did Feng Jianxiong come to Ahri Baba to ask for money?

Of course, Jackma knew that he had a good personal relationship with Feng Jianxiong, and he had several successful business cooperations, and the experience was relatively pleasant.

However, he also knew that Feng Jianxiong was a very independent person and did not choose sides.

What's more, as top business tycoons, they all have a sober understanding of "friendship is friendship, business is business".

He never felt that a person who had been with Ahri for a long time would still be emotional when faced with major issues of financing and equity changes.

After all, if the world could be viewed so simply, there would be no Cheng Wei, who went out to mess around after working in Ahri Baba for many years, and turned back to Prepnema and Luo Shuohan to ask for money. (Although this incident has not happened yet, Cheng Wei is still working at Alipay and has not founded Didi.) ）

Poachers, if it is really necessary, will always offer all kinds of unbelievable preferential conditions.

And friendship and hatred are nothing in the face of such real preferential conditions.

Therefore, Jackma first gave Feng Jianxiong a preventive shot and reminded: "Nicole, don't tell me, you have to come to me because you choked Pony and Boss Li by speaking in the public opinion war of 'free economy and paid economy', and offended people-

I won't believe this kind of retarded reason. Their bearing is not measurable by ordinary people. As long as you have value for them, even if they have just been scolded by you and lost a lot of face, they will definitely not hesitate to take out one billion and eight billion dollars to buy you now. ”

The reason why Jackma said this is also because of his sober understanding of the objective situation.

Because, although he is rich, in the BAT pattern, at least at this juncture in 2010, Ahri is relatively the poorest and poorest.

The most abundant cash flow is now Baidu, people's main business is crazy to make profits, and the financing in the U.S. stock market is also very smooth, and the money can't be spent at all.

In history, even in the two years of the later O2O war, Boss Li missed the half of the mobile Internet era, and often posted such a circle of friends:

"When I woke up in the morning, I found that there were still more than 50 billion in the Baidu account lying there without arrangement. I can't wait, I'm going to take out 20 billion to fight for O2O. (Of course, everyone knows the result, two years later, the 20 billion was burned, and the fight was also beaten, and finally sold glutinous rice and Baidu takeaway to Ele.me at a price of more than 8 billion yuan.) Boss Li's Baidu wallet was not picked up, and he lost more than 110 billion. ）

The second most abundant cash flow is Tengyun.

Although the ability of Tengyun Games in 2010 to attract money is less than one-tenth of that ten years later, after all, Tengyun is still better than Ahri in the capital market.

Cash flow is either based on profits, but mainly on financing.

And the reason why Ahri is now tight on funds and has to raise $1 billion for several months to see a good deal is that Jackma is preparing for delisting-

As we all know, from 2007 to 2011, Ahri Baba was actually a Hong Kong stock company, listed in Hong Kong, looking at the Hang Seng Index.

It was delisted from the Hong Kong stock market in 2011 and prepared for several years before it was relisted on the NASDAQ in the United States.

And people with a little common sense know that every time an Internet company goes public, it is the time when the funds are the most abundant, and you can buy and buy like crazy, lest the money in your hands will depreciate if there is no good project investment.

And once a company is going to be delisted, it is the time when funds are at its tightest - it has to prepare a large amount of cash to buy back all the outstanding shares in the public market.

In other words, Ahri may be in the process of preparing for delisting. Although this news is not open to the public, Feng Jianxiong can guess it (PS: What are you guessing, you obviously remember the conclusion like other reborn dogs, despise!)

Although Jackma didn't know how Feng Jianxiong guessed, he believed that Feng Jianxiong must know.

After all, there are at least ten people in the Ahri Group who know about this.

Jackma believed that a person who knew "so widely" could not hide it from Feng Jianxiong.

But it is precisely because of this that he is even more suspicious of Feng Jianxiong coming to him to talk about in-depth cooperation.

Why don't you go to Boss Li and Precinima?

If you don't give a reasonable explanation, this matter will definitely not be credible.

……

"The reason why I am looking for you is very simple. Because I'm going to bet on the pay-to-pay economy all the time. I hope that my N station will be the website with the highest membership payment rate in the future. Provide users with high-quality, not click-to-sell ad video content.

Du Niang and Penguin users, the quality of payment habits is not good, only Alipay users, payment habits are the best, so I am willing to find you to take shares. ”

Faced with Jack Ma's questioning, Feng Jianxiong replied.

"It's that simple? I don't think it's enough. Jack Ma questioned Feng Jianxiong's eyes like a falcon.

"Of course, there are others, for example, I think that in two or three years, when I need money, you will be the most able of the three guys to make money, and you also happen to be the most generous one. So, I can get the best price from you. Feng Jianxiong added.

Jackma wondered, "Why do you think so?"

"Because Du Niang and Penguin are currently very stable, they will continue to mix in the Nasdaq and Hong Kong stocks respectively. Only you are ready to delist from Hong Kong stocks and re-list on the NASDAQ. I'm sure you'll be able to make a lot more money than the world thinks, and you'll be able to spend it when the time comes—and if you can't, I'll be able to help you add fuel to the fire and make sure you do it. ”

Jack Ma listened, and for the first time was slightly alert in today's conversation:

"When did you get involved in legal services in capital operation? Haven't you been focusing on intellectual property-related business, I have never heard of any company you have helped to run a listing business. ”

Whether it is the listing of domestic Internet companies or the construction of VIE structure, in fact, the business is relatively monopolistic.

Just like more than ten years ago, Sohu, Sina, and NetEase all asked Liu Gang to operate the NASDAQ listing, because they were recognized as the number one capital operation lawyer in China.

The circle of legal services in this field is narrower than the circle of intellectual property, and there is no room for a few big fish.

More than ten years have passed, and when Chinese bosses think of going public on the NASDAQ, their first instinct is to find Mr. Liu.

Even a few years ago, some bosses knew that their company qualifications were not enough to be listed on the NASDAQ, so they could only be regarded as PRO-IPO, and they had to finance one or two more rounds. Then they will spend a lot of money to hire Mr. Liu to be their listing consultant, and spend hundreds of millions of legal fees.

Then, carrying a lawyer's entrustment agreement, he took Lawyer Liu's signboard and began to deceive:

Our company hired Liu Gang to be the listing consultant! He was the same barrister who helped Sina, NetEase, Sohu, and Baidu go public successfully! So what do you still have to worry about? How could the listing not be successful? It's just that there is a slight short-term funding gap now, and if you invest in my company, you won't be able to return to your capital in less than a year and a half! When the time comes, you will directly sell it to American shareholders for cash!

Jackma is also human, so he is not exempt from vulgarity.

When considering the question of "how to operate to let Ahri delist from the Hong Kong stock market and go to the NASDAQ to re-enter the NASDAQ at the minimum cost", his default option is to continue to find Liu Gang.

After all, it is the safest way to continue the path that Sohu, Sina, NetEase, Tengyun, and Baidu have walked.

What's more, when he went to the Hong Kong stock market 3 years ago, he asked Liu Gang to do it, and he was already a regular customer.

Now, Feng Jianxiong jumped out to point fingers, which couldn't help but make him question Feng Jianxiong's ability.