Capital is never sleeping, always in pursuit of profit. If you love to play and watch, you can come to the net.

Li Jiaming's request is very outrageous, the $200 million asset team asks for a valuation of 3 billion, and there is no power to protect investors such as capital injection in batches, preferential liquidation, etc., but it also makes the directors who rushed to Yahoo by private jet to the meeting excited.

It is very likely that Sohu's finances are in trouble, but only a few senior executives of Yahoo and the CEO of the Huaguo branch know about it, and no one dares to take the initiative to mention it without obvious evidence and no evidence. Because as long as the lid is lifted, first of all, it will be a dereliction of duty on the part of the president and K of Yahoo (Huaguo), and then it will cause judicial intervention. When SOHU's stock price rises sharply, this kind of scandal is exposed, regardless of whether or not the Chinese government can cooperate to find out this matter and find evidence, SOHU's stock price alone will fall sharply.

The stock price of a listed company is the life of all shareholders, and if the stock price falls, these board of directors will eat people who dare to stab Lou Zi!

Well, now that the other party's hush money is here, the valuation of $3 billion is very high, but compared to China's economic development speed and population base, it is nothing. What's even more wonderful is that Amazon is in the front, as long as SOHU Tesco is sent to the NASDAQ, can the market value increase tenfold to $30 billion?

At the beginning, SOHU was valued at 200 million, and now it has exceeded 14 billion, and the investment of 10,000 US dollars three years ago has a return of 6750% three years later!

"Gentlemen, I would like to remind you that this is not a garage company in Silicon Valley. What they are asking for is a one-time capital injection, and they have no financial control, no liquidation preferences...... What we enjoy is only the right to financial supervision and operation. ”

"Tim, can't we send a director?"

Tim, who has become a mouthpiece, is also optimistic about the project, because the other team's team is too luxurious, but this issue must be explained to the board of directors.

"Yes, but it will be an ornament. but he could only choose to raise his hand or not to raise his hand from beginning to end. ”

It's a bit of a problem, but the directors selectively ignore it first compared to the opposing team, and the investment is the pursuit of returns, not power.

"Jerry, do you think Ali's potential is greater than that of Sohu Tesco?"

This is the crux of the matter, Ma Yun came to the United States to contact Yang Zhiyuan with Li Jiaming's consent, and took the initiative to give the financial income and expenditure. An Internet company that has already broken even will have no worse prospects than a similar company that is still a pure loss, even if the team at Sohu Tesco is luxurious. But this matter has to be explained to the directors clearly, people are looking for Yang Zhiyuan himself, not Yahoo In Li Jiaming's words, Tesco is a cooperation between companies and companies, and it is purely a personal friendship with Ali.

"Gentlemen, these two e-commerce companies are actually controlled by Ming. He owns 67 percent of Alibaba Group, and Sohu has lent him $200 million. One is mainly engaged in B2B, the other is mainly engaged in B2C, and the overlapping business in the middle is C2C, but they have not yet been done.

And the other party's restriction is that Sohu Tesco accepts Yahoo's investment, and Ali only accepts my personal investment, and will not let us both invest. ”

The directors looked at each other, and Yang Zhiyuan couldn't explain, so he had to look at Tim, who was listening to the phone together.

"Gentlemen, Y is a friend and a partner, and Ali and Sohu Tesco are competitors, it's that simple. ”

Friendship? Business still pulls friendship in?

Yang Zhiyuan smiled helplessly, and listed the founders of Tesco and SOGO and their respective educational backgrounds on the whiteboard: Zhang, Gu, and Sun have MIT backgrounds, while Li Jiaming, Zhong Chaocheng, and Sun Weigang are alumni of Peking University.

In the end, Yang Zhiyuan drew a large circle on the names of the five people, explaining: "Huaguo is a society where friendship and business rules are mixed, otherwise Ming would not have lent $200 million and only held % of the shares, but let Gu hold 30%, Zhang 25%, and Sun 15%.

In addition to Chaocheng Zhong, who withdrew from SOHU, the four entrepreneurial partners got together again, and Gu took Zhong's place.

According to Tim's and I's guess, the Bell's exit is most likely due to the failure of the internal power struggle. It should be noted that Zhang, Gu and Sun all have a professional and technical background in MIT and have strong management skills, while Ming has no professional background but founded Datang Technology. With his voluntary departure, the SOHU enterprise has formed a solid power structure. ”

These explanations are very off-topic, but they clearly convey the message that the other party is still a team, and it is a team with a solid internal structure. Even if Yahoo sends directors and financial supervisors, it is unlikely that it will affect the distribution of power within it, and in the end, it will be the second SOHU investment case, which may have a very high rate of return but cannot affect it.

After a moment of silence, SoftBank's Son Masayoshi raised his hand and said, "Jerry, Ali has no investment opportunity?"

"Yes, but with Ming providing funding in the back, it is difficult for MA to accept investment from other companies. Goldman Sachs talked to them last year, but instead of investing a dollar in it, the other party pulled away a senior Taiwanese investment manager. I heard a few days ago that the investment manager has become a VP and is fully responsible for capital operations. ”

It's a shame that Ming has taken control of HH Technology, which is a future cash cow that will be profitable in the second half of the year at the latest.

"Okay, let's vote, the other party asks us to reply within forty-eight hours. ”

Eleven hands were raised, not caring at all how much Tim could talk about, even if they recognized the other party's valuation of three billion? Yahoo hoarded nearly 10 billion cash in order to lure AOL to continue to acquire, as long as they got enough shares and the future return was big enough, these people really didn't care how much the other party quoted. Business, it has always been a sky-high asking price, and the money is paid back on the ground.

Mr. Li is also not worried about negotiations, and he has already touched the pulse of Yahoo, an internet giant that has begun to transform into an investment company, gradually losing the technology it relied on to build on. Such a company does not need to worry about its negotiation skills at all, as long as it tells them a story that is good enough, it will be dizzy and pay for it.

Everyone spent a night making this story extremely wonderful, and there were no logical flaws, so they asked Lao Gu to argue with the negotiation team sent by Yahoo. Every evening, several people gather at Li Jiaming's eldest sister to eat, exchange views on the situation in the industry, and bring his brother-in-law in by the way.

SOHU has been listed, although Deng Hao can still be the vice chairman, but this is not a long-term solution, rather than letting people find out the truth, it is better to withdraw at a suitable time. If it weren't for this reason, as soon as NetEase was re-established, Li Jiaming would have used Uncle Wu's network to make things difficult instead of letting his brother-in-law invest.

Don't look at Zeng Qiang, who danced happily in Shencheng, and made friends with many officials and powerful children, compared with Uncle Wu and his business bigwigs from Yangcheng, it is still too far behind. It is difficult for those big bosses to twist him to death with only a little finger, but a slap will definitely slap him.

Deng Hao, who started in the early 80s and became dignitaries in the early 90s, how many contacts did Uncle Wu's old friends have in their hands, and how many high-ranking officials and dignitaries they have befriended? Deng Hao is running around in Guangdong Province, and the plate is bigger than Zeng's, and a big reason is that Uncle Wu's network is backing him, and Li Jiaming can get hundreds of millions of dollars at any time, and it is real silver and silver cash!

But what Li Jiaming didn't expect was that just as he was giving advice to Lao Gu, his former counselor Zhong Chaocheng came to look for him, and there was a bit of a hint of asking the teacher about guilt.