In the vast majority of business fields, "the big gets bigger, the stronger the stronger" is a law that is difficult to reverse, and the decline of Yahoo is only a special case, and there are inevitable factors in it. Pen fun and pavilion www.biquge.info

In 2004, Baidu's market share in the search field was just over 30%, and Ali's market share in the e-commerce field was slightly less than 30%.

Especially after the 958 fund incident, Xu Teng promised to pay 900 million RMB to solve the historical problems of Qingyun Petrochemical Group, and the market share of Tiantian Soft quickly climbed to 8 percent, which squeezed the two BA companies amazingly.

According to the level of Tencent Group's technical, operational and middle and senior management teams, the possibility of Baidu and Ali wanting to counterattack is almost non-existent, especially Ali Taobao, which has always been the target of Xu Teng's key strangulation, even more severe than Baidu search, in fact, it is better to strangle.

Xu Teng is very good at distinguishing the key points, no matter how much Ali invests in Taobao, Xu Teng is a triple-level investment, and Zhejiang Province and Yiwu Commodity City are the focus of both sides' hard work.

Ali's Ma Zong was actually a little stunned, he was knocked unconscious, and he didn't understand why Xu Teng didn't stare at Li Yanhong, who had a private holiday, but stared at him and beat him?

When he was most depressed in Xu Teng, when he announced that he was going to evacuate from Jianghuai Province, he also gave up his previous suspicions, supported Xu Teng as soon as possible, and took the initiative to send text messages to express condolences to Xu Teng to introduce friends in the business circle of Zhejiang Province to Xu Teng.

It doesn't make sense!

In order to avoid Yahoo-style decay, Xu Teng held a meeting on the first day to reorganize the layout of the game industry after returning from a vacation in Koh Samui, and on the second day, he brandished a big stick and launched a plan of "Alipay appreciation" and "margin appreciation".

To open a store on Taobao and eBay, you need to provide a registration deposit of 1,000 yuan, which is one of Taobao's three major sources of cash flow, similar to private fundraising, and the other two sources of capital are financing and 1688 e-commerce advertising business.

The profit margin of Ali 1688 has been almost cut by Xu Teng, and it has been cut together with HC.

Now, Xu Teng provides a fixed annual interest rate of 5% for the deposit paid by the shopkeeper, and Alipay also provides a 2% current interest rate on the balance, which is simply a fatal blow to Ali's company.

Ma always really can't understand, Xu Teng is sick in the brain, staring at him?

He continued to fool within the company, "Tencent's market value is 25 billion US dollars, and now 70% of its resources are used to suppress Ali, which shows that Ali is on the right path, and even Tencent is afraid of us, which means that as long as we stick to the end, we will eventually usher in real success." ”

So to speak.

That's not what he actually thinks in his heart.

Mr. Ma is bitter.

"Teng Gongzi, why are you so troubled, I didn't mess with you, right?" Mr. Ma finally couldn't help it, and sent a text message to Xu Teng in the middle of the night and sent it to Xu Teng's official mobile phone.

He was lucky, Xu Teng rarely worked all day, and he also had a meeting in the company during this time period.

"Please wait, the leader is in a meeting, wait for half an hour to get back to you. Senior female assistant, Han Dai gave Mr. Ma a brief reply, continued the meeting, and she also held another small working meeting in the office to arrange Xu Teng's itinerary tomorrow.

With the expansion of Xu Teng's assets and the number of enterprises to manage, his assistant team has increased to seven, each performing his own duties.

Mr. Ma was surprised, he didn't expect that Xu Teng, a super gentleman, also needs to work hard, didn't he say that this bastard only works three hours a day, and spends the rest of his time thinking, pretending to be a prince!

It turns out that just like us, you have to work hard!

"What kind of meeting are your leaders having?" Mr. Ma couldn't help but inquire about the information.

"Is this still a guess? It must be a brainstorming discussion on how to beat you to death in the meeting. Han Dai abused the other party and put her phone aside to continue to deploy her work.

"It's really unnecessary, they all say that it is difficult for college students to start a business, and it is even more difficult for me to start a business as an English teacher. Mr. Ma roughly guessed that it was a female assistant next to Xu Teng, when Xu Teng went to Zhejiang Province before, he brought a few female assistants and maids with him, which was really the level of a group of glamorous female models, all of them with pretty faces, graceful figures, looking forward to life, and smiling.

Mr. Ma has always said that he wants to be a rich generation, and he is actually very envious of Xu Teng's playboy life of the rich second generation.

Xu Teng's meeting tonight is a bit complicated, the game and e-commerce business is the focus of his recent attention, in the field of games, Tencent will be controlled in South Korea, a number of online game design companies are integrated, forming one of the three giants in the field of Korean online games Webzen company, which is developing "MU2", "RO2", "Dungeons and Warriors", "Audition", "Digimon" five games.

In China, Tencent owns five game production companies: Tiantian Entertainment, Yuquan International, Sword Network, Kingsoft and Tianqing Digital.

In the United States, Tencent owns three game production and distribution companies: Wlofpack, Blizzard Entertainment, and PopCap.

This night, after a three-hour meeting, Xu Teng finally decided to officially intervene in the field of video games, and Yuquan in China and wlofpack in the United States are responsible for the development of this field.

The reason for this was first proposed by Microsoft, which is in a weak position on the video game platform, and Microsoft issued a request for business talks shortly after Tencent's acquisition of Rainstorm Entertainment.

In the end, Xu Teng chose Nintendo, which was also in a weak position and was struggling to save money to develop the Wii platform.

Xu Teng really doesn't play much video games, but he knows at least one big picture, and Microsoft's Xbox and Sony are finally going into decline.

The reason why the meeting lasted three hours was because Yahoo actually made a very wise decision to abandon the negotiations with Alibaba and decide to sell its China business to Tencent Group in exchange for a stake in Tencent.

Xu Teng did not rule out the deal, the key obstacle is that Yahoo overvalued its China business, Tencent's market value is $25.7 billion, and Yahoo wants to replace 12% of Tencent's shares, while providing about $1 billion in funding.

This means that Yahoo's valuation of its business in China is as high as $2.085 billion, which is nonsense.

The price difference between the two sides is huge, and Xu Teng's valuation of Yahoo's China business is only $150 million, which is not a dime.

The reason why Yahoo dares to accept Xu Teng so much, because Xu Teng does not accept this offer, they will hand over the investment of $1 billion to Baidu, or Alibaba, which is really a bit of a scoundrel, either Tencent exports interests to form an alliance, or Yahoo is completely hostile.

The decision was made by Yahoo board member and founder Jerry Yang, who clearly preferred a stake in Tencent to Baidu and Alibaba, Yahoo CEO Semele.

After the meeting, Xu Teng sent a text message to Jerry Yang, who was waiting for news at the Hyatt Regency Hotel in Jiangzhou, "$3 billion, plus business in China, in exchange for 8% of Tencent Group's equity." ”

He lied to the other party, and even if Yahoo agreed, he would have to think again.

Tencent owns Tencent.com, and there are two portal-type websites in the TT alliance, Sina and Phoenix.com, which occupy absolute advantages in search, navigation, classified information, e-commerce, IM instant messaging, TM enterprise-level network communication, online game entertainment, social networking and other fields.

Xu Teng returned from a vacation from Koh Samui this time, and is preparing to join hands with Shenzhou Media to establish Tencent News Agency, lock in another competitor, Bloomberg, and start to lay out news data and information in the era of big data in advance.

Xu Teng obviously doesn't need Yahoo's stake, and he is happy to get it with $3 billion, and accelerate the international development of Tencent Group, the communications division and the smartphone business.

"What are you kidding?" Jerry Yang was very shocked, and really felt that Xu Teng was sick in the brain.

"Ha, it's a joke, don't be angry. Xu Teng replied with a smile, he is still a college student, it's not normal to joke, and then, he threw the phone to Tang Jun and instructed the senior CEO, "You can bargain with him, drag Yahoo first, and talk slowly for a few months." ”

"And then?" Tang Jun's thoughts are similar to Xu Teng's, and the feeling of being threatened is indeed terrible, but this is a cruel fact, the giants of the international network industry are all targeting the domestic market, Yahoo, Amazon, eBay, and Google are all formulating investment plans, and the first three are all hoping to enter the domestic market through rapid mergers and acquisitions.

Google is no exception and is considering acquiring Baidu, as Baidu is indeed a bit tragic right now, and the offer is said to be not particularly high.

Xu Teng has to face this reality, the pattern of BAT has been torn apart by him, and the butterfly effect is beyond his expectations, of course, Google's acquisition of Baidu is one of his ideas, so that Baidu will not expect to confront him under the sign of national search.

There is a more special rumor in the market, it is said that Baidu and Ali intend to merge, if this is really successful, then the show IQ offline, Huayin in this new company is absolutely more than 35% of the shareholding, and it is a monopoly, other SoftBank, ing, AIG, red shirt capital and two entrepreneurial teams are not comparable.

Ansoft + search + e-commerce, this is the core competitiveness of TT Alliance.

The BA merger is a vain attempt to rapidly expand this competitiveness, copying Tencent's TT Alliance, swearing to the death, and Bo a yarn, and these two legendary network giants do not have much liquidity in their hands.

When Xu Teng returned to his office, he found that Han Dai's female assistants were chatting with Mr. Ma and making him happy.

He took his mobile phone and took a look, oops, he couldn't see it, the English teacher was actually asking Han Dai's name, this is the rhythm of cheating, dizzy, dark enough, he dared to dig into his corner.

"Come, don't tease my female assistant, give your Ali a price, I bought it. Xu Teng fought back, showing his usual trench style.

"300 million...... USD. "Mr. Ma actually really quoted, I can't pretend to be able to hold it up, I am very fortunate to be very hard, and the possibility of wanting to turn the tables is almost zero, especially the "Alipay appreciation" and "margin appreciation" plans launched by Xu Teng after returning from vacation, which completely hit Mr. Ma's key weakness, losing thousands of stores a day, and in the next month, he estimates that he will have to return millions of deposits.

The funds don't seem to be much, but this is a fateful killing, cutting off the possibility of subsequent development.

"What are you kidding?" Xu Teng plagiarized Yahoo Jerry Yang's classic statement, exactly the same, and replied to Mr. Ma, "Baidu already has an ecosystem, you can't be killed, you are different, basically there is not much cash income, it is so easy to kill you." ”

"Heh, it's a joke, don't be angry. Mr. Ma's reply was exactly the same as Xu Teng's, and it was estimated that he was also dragging the knife, delaying the negotiation first, and when he negotiated with Yahoo, he caught Xu Teng and cut him to death.

"Wait a minute, I'll settle the score. Although it was late at night, Xu Teng still decided to work for a few more hours, because the situation has been unpredictable these days, and foreign devils from all walks of life are carrying large sums of dollars to find acquisition targets.

Mr. Ma, Mr. Li was beaten by him with no domineering, and it is really possible to accept the large-scale merger plan.

That's still more troublesome.

Xu Teng used a calculator to settle the accounts, which was relatively low, crackled dozens of times, repeated the calculation twice, and finally gave Mr. Ma a safe answer, "My girlfriend has a Fuxin International Investment Company, she is very optimistic about e-commerce, in this way, she injected 50 million US dollars into Ali Company and held 1/4 of the equity." You talk about the specific conditions, but I don't ask. Personally, I think the market always needs competition, and as long as you can stabilize your 30% share, she won't lose money on this investment. ”

"Good. Ma always felt that there was a conspiracy hanging over him.

Of course there is a conspiracy.

Once Fuxin International succeeds in becoming a shareholder, it will immediately merge with several Huayin investment funds that had previously invested in Mr. Ma, and promote the merger of Ali and Baidu according to Xu Teng's plan, which will be funny in the future.

Anyway, Huayin has already invested a lot of money before, and spent another 50 million US dollars to completely lock in the second and third largest henchmen of Tencent Group, so Xu Teng can concentrate on dealing with Huawei and ZTE without any worries.

"Actually, the relationship between the two of us has always been good, there is one thing, I think it is necessary to discuss with you, Yahoo has been talking to me, wanting to merge Yahoo China's business into Alibaba, plus 300 million US dollars, holding part of Alibaba's shares. Mr. Ma shook his shot and did not tell Xu Teng that his negotiations with Yahoo had been temporarily interrupted, and the price gap between the two sides was very large.

Yahoo's goal is not to hold part of Alibaba's shares, but to merge, because Ali is too small now to be beaten by Tencent and cannot fight back.

"The relationship between the two of us is really good, I remember when I quarreled with the province before, you immediately supported me, and I was grateful, so I also want to discuss with you, Yahoo asked to replace 12% of Tencent's shares, and at the same time provide about 1 billion US dollars in funds and business in China. Our request is $2.5 billion, and the two sides are still talking. Xu Teng chatted casually, in fact, they were all in a circle, staring at each other, which side Yahoo was negotiating with, and both sides understood in their hearts.

The prices quoted by both sides are all fake news, and they are really fake.

In the final analysis, Mr. Ma has no confidence to continue, Tencent is staring at him, first, he is weak, and second, the e-commerce business belongs to Tencent's forbiddenness, and he must seize enough market space.

Evergrande and the crowd effect have decided that Ali's C2C Taobao business is no longer worthless, and the final value is still 1688 e-commerce, in this field, Ali's 1688 and wholesale network can only rank third and seventh, compared with Tencent's Wanshang.com and business street, the gap is already widening.

HC fourth.

The ups and downs of life are really exciting, Mr. Ma was beaten back to the bottom after just a year of glory, which feels really bad, and ordinary people can't bear it.

Xu Teng took the car home, chatted with the entrepreneur slowly along the way, and realized more and more clearly that Mr. Ma was too miserable, and decided to change the stage to continue to start a business, and he would die on the road of entrepreneurship.

"For 200 million US dollars, I acquired Alibaba, Wanshang, Business Street, eBay, Taobao, and Tiantian Mall to expand the news agency and big data business. The new company is called Ali eBay Network Company, and after your team is integrated with the eBay and Wanshang teams, you will retain 1/4 of the share capital and develop as a member of the TT Alliance, and you will continue to serve as the chairman of the board of directors. ”

Xu Teng's Rolls-Royce Silver Angel has arrived in the garage of his home, before getting out of the car, he gave a very generous price, if Ma Yun agrees, Xu Teng has no worries in the e-commerce business, and the rest of the excellence network, Dangdang, ebay, and HC are handed over to Mr. Ma to deal with.

As for Yahoo, nine times out of ten it will invest in Baidu, because Yahoo's previous decision to buy 3721 was simply stupid, and it was slapped to death by Tiantian in 2003.

Baidu has a complete set of ecosystems, which can be called a real unbeatable Xiaoqiang, the current market valuation should be around 400 million US dollars, once it gets Yahoo's capital injection, it can be listed for about two years.

Once Baidu gets Yahoo Chinese, the impact on NetEase and Sohu will be too strong, and the anti-TT hegemony alliance of the five small powers will also completely break.

What Xu Teng is doing now is subtractive operation, reducing the core business for which he is directly responsible, retaining the three sectors of Ansoft, search, and games, freeing up energy to deal with Huawei and ZTE, and finally finding a way to merge one of them.

If you think about it, even if he concentrates on dealing with Huawei, he will basically lose.

If you lose, you lose, he can't admit defeat!

Xu Teng sighed, finally relieved, admitting that it was not particularly difficult to beat the opponent, at this moment, it was obviously not just him, and he was not someone else's opponent.

Ali's Mr. Ma deeply agrees, from last year to this year, not only did Taobao not have a clue, but Ali 1688 in the old camp was also beaten by the opponent miserably.

He once thought that he was too high-profile in the anti-TT alliance, so he was beaten by Xu Teng with a blue nose and swollen face.

"Chairman Xu, benevolence. The lesson of blood and the cruel facts told him that the anti-TT alliance has no future, he decisively changed the camp, anyway, his team has gone through many financings, and the shareholding ratio is already very low.

"Now there is only one problem, Alibaba currently only has 18% of the shares in the hands of the startup team, SoftBank has 30%, IDG and seven other institutions have 52%, and it is difficult for us to convince other shareholders to accept this price. Although Mr. Ma decided to change camps, the specific price still has to be discussed.

"It's okay, your voting rights account for 1/4, Galaxy Capital and several funds under Boan Holdings together account for 1/3, the sum of the two sides can already ensure that the board of directors passes the resolution, these capital parties are held by my parents, and AIG Asia Fund is the main partner of the TT Alliance, don't worry, there is no problem. Xu Teng was in a very happy mood and replied with a good night smile.

After all, the level of this Mr. Ma is quite high, I really want to get it, and give him a little bit of shares to be responsible for the e-commerce business of the TT Alliance, which can basically cut Amazon and ebay with short hands and legs, Mr. Ma is also very good at building momentum, not only does not have to worry about Xu Teng more, but also can help Xu Teng a lot and make a fortune through cooperation.

"Hehe, the rich second generation is good. "Mr. Ma, hehe, hehe, he really didn't expect that 1/3 of his company's equity is in the hands of someone else's family fund.

If he said it earlier, he would not have been engaged in the anti-TT hegemony alliance, the dog who scolded the TT hegemony alliance in the past was bloody, and now he has to turn 180 degrees to the thief, which is really humiliating.

These rich people are playing tricks.

"Don't be sad, one super five, except for Sina, which is currently controlled by my wife, the others have 1/3 of the share capital in the hands of my parents' family capital consortium, they invested in hundreds of network projects, and there is not much left, to be honest, they didn't make any money, and they just held it for a long time. Xu Teng comforted Mr. Ma, you are not unlucky, everyone is the same, our family is just having fun, don't be sad, rich people are actually so boring.

He really wants to go home to rest at this time, and the goddess Shuangli is waiting at home, and she replied to Mr. Ma with the last text message, "We join forces, the overall situation has been decided, and the follow-up is to fight back against the international network giants." ”

"Won't the international network giant also be your Xu family holdings, right?" Mr. Ma was mocking, he didn't believe it, and he also fought back against the international network giants, and it would be good to be able to keep the domestic market and plot the entire Chinese network business scope.

After the listing of Tencent Group, the internationalization process has been advancing rapidly, mainly in the pinching of languages, Spanish and Portuguese-speaking markets are inevitable, and regional competition is the first choice for Latin America, Africa and India.

QQ is an international operation, Ansoft is a regional investment, different localized brands are jointly operated, and the network industry is a capital investment model, trying to invest in local local network companies.

"It's not that exaggerated, the five founders of Google, there are two Chinese, right? Xu Teng comforted Mr. Ma.

He estimated that this is the lowest one-ton level of comfort, Mr. Ma should vomit blood at this time, thought about it, and decided to come to another ton of comfort, "You don't want to cooperate with PayPal, half of the equity is in the hands of eBay, 1/4 is in the hands of Amazon, and 1/4 is in my hands." ”

"I'm dizzy, Chairman Xu, what is the origin of your family?" Mr. Ma was hit hard in a row, and completely gave up resisting, which is also a woolen yarn, no matter how vertical and horizontal it is, it is a part-time job for others.

"Dizzy, my father is a computer major at Sun Yat-sen University, haven't you read the information?" This time it was Xu Teng's turn not to understand, don't underestimate Mr. Xu, the five-stroke typing speed is fast.

By the way, he continued to fool Ma Zheng, comparing with each other, to see whose flickering kung fu is the real ancestral mastery, "Actually, in 97 years, the gambling king, the fourth uncle, my parents and several American Chinese businessmen jointly established a network technology investment company, after the bursting of the Internet stock bubble, they gave up and sold all the shares to my parents, and the result became today's situation, unexpectedly, Tencent also fell into my hands like this, originally wanted to copy into China's Cisco, but it turned out to be like this. ”

Xu Teng's comfort was very effective, Mr. Ma was relieved, thought about it, and still used that sentence to Xu Teng to sigh the joys and hardships of life, "Really, the rich second generation is good, the difficulty coefficient of your success is only 0.1, and we are all 99.9!"

"We haven't succeeded yet, in ten years' time, let's talk about this topic again, good night, see you tomorrow." "Xu Teng really can't continue to compete with Mr. Ma for the ability to fool and brainwash, although talents are rare, but there is really a goddess of Shuangli waiting for him at home. (To be continued.) )