Chapter 480: The Determinant

(.) Ma Qingyang's support made Zhou Liwen a little surprised, Zhou Liwen had considered his problem, after all, when the merger was made, Ma Qingyang and Zhou Liwen talked about the plan to go public, and it has always been his ideal to be able to list the company. But now he is following Liu Ting to express his support for his proposal, which is equivalent to taking the initiative to give up a large part of his listing interests, you must know that in the entire network group, Liu Ting and Ma Qingyang are different, of course, not only their friendship with Zhou Liwen, the key is that they occupy different proportions within the network company.

Liu Ting has been in charge of Alipay and Taobao for Zhou Liwen from the beginning, so her proportion in this is relatively high, Ma Qingyang is the opposite, he is the founder of Ahri, and in the post-merger shareholding structure, his proportion on Ahri's side is the highest after excluding investors such as Zhou Liwen and Softbank.

According to Zhou Liwen's current plan, it is equivalent to divesting Alipay. Although there is the listing support of Taobao and Ahri, Ma Qingyang has suffered a lot in the overall calculation. Even if Zhou Liwen took the initiative to cash in on the concession of exchanging shares just now, it only made up for it.

But even so, Ma Qingyang was the second to express his support, and Zhou Liwen couldn't help but look at him deeply. Perhaps feeling Zhou Liwen's gaze, he glanced back at Zhou Liwen indifferently, and his eyes showed clarity and calmness.

With the simultaneous support of the two giants of the network group, the opinions of the rest of the people are not a big problem. What's more, Zhou Liwen's compensation plan did not harm their interests much, considering this, coupled with Zhou Liwen being the real boss, the meeting quickly passed the proposal, thus making the decision

After the "thank you" meeting, Zhou Liwen took the initiative to call Ma Qingyang and expressed his gratitude for supporting him.

Ma Qingyang replied with a smile: "You're welcome Chairman Chou, we have been a family for a long time, and the company's financial support and development since you became a shareholder are obvious, Ahri can come to this point, it is enough for me, and I understand why you decided this way." ”

"Oh, you understand?" Zhou Liwen asked subconsciously.

Ma Qingyang's laughter echoed on the microphone: "Of course, I understand that online e-commerce and online banking are two completely different industries, although they both have the word network in front of them, and they both rely on the Internet." From the perspective of specific services and services, a completely service-oriented platform provides technical support. The other belongs to the financial system. Since there is such a big difference, it is far better to separate them than to pinch them together. To be honest, if possible, I even think it might be better to separate Taobao and Ahri so that we can raise a lot more money and have a larger corporate structure. ”

"Hahaha, you don't have to think about it, Wall Street people are not fools, these guys are very shrewd." Zhou Liwen immediately laughed after hearing this, of course he knew that Ma Qingyang was just joking with himself, if it was really dismantled like this, let alone the stock exchange, even Fuguo and Goldman Sachs would not pass. And Zhou Liwen has now spun off Alipay, and the next negotiations with rich countries and Goldman Sachs will have to spend some thought.

"In the next work of divesting the company, please cooperate with Mr. Ma and Mr. Liu to complete the pre-listing preparations as soon as possible."

"This is no problem, in fact, in the internal operation of the network group, Alipay is relatively independent, and what we have to do now is only the separation of some procedures and the deployment of personnel structure. But Dong Zhou, have you talked to Mr. Sun about him? I'm worried he might ....... ”

Ma Qingyang was referring to Son Zhengyi, SoftBank is now the second largest shareholder after Zhou Liwen, but Zhou Liwen did not invite Son to participate in this meeting, and he did not greet him in advance. Of course, it's not that he looks down on him, but Zhou Liwen knows that the old boy Son Zhengyi is a guy who picks the door, and once he gets into the horns, it is inevitable to be entangled in this matter. Although Zhou Liwen is a major shareholder, he can be completely arbitrary according to the proportion of equity, but he doesn't want to make anything happen because of Son Zhengyi's opinion, so his arrangement is to persuade Ma Qingyang, the company's senior executives and minority shareholders, to get the initiative, and then talk to Son Zhengyi.

After talking about his own arrangements, Ma Qingyang nodded in understanding. He has been dealing with Son for much longer than Zhou Liwen, and of course he knows Son's character and shortcomings. If it hadn't been for Son's investment in Ahri, Ma Qingyang's company would not have had a later exhibition. But if it weren't for Son Zhengyi's plan to increase Ma Qingyang's investment in the future, and he had been unwilling to pay more money, then maybe there would be no chance for Zhou Liwen to become the owner later.

"Dong Zhou plans to go to Japan for an interview with Mr. Sun?" Ma Qingyang asked.

"Of course, it's the day of spring, and after staying in the United States for a long time, I want to go to Japan to relax." Zhou Liwen replied with a smile.

"Dong Chou is really interested." Ma Qingyang was also happy when he heard it, and he suggested: "In this way, if it is convenient for Dong Chou to tell me before he goes out, I will also meet with Mr. Sun by the way, after all, I have known him for a long time, and I may be able to help you a little." ”

Hearing that Ma Qingyang was so active, Zhou Liwen also agreed with a smile unceremoniously. The two continued to chat on the phone, talking about the details of the company's divestiture before ending the call.

After determining the structure of the listing, although Son Masayoshi has not finally received his statement, at least there are no obstacles within the network group in front of Zhou Liwen. Next, Zhou Liwen made changes to the document, excluded the Alipay part, and then officially expressed his decision to Fuguo and Goldman Sachs.

Zhou Liwen guessed correctly, when his modified things were transferred to the other party, soon Fuguo and Goldman Sachs sent people to find Zhou Liwen, on the one hand, it was unwise for Zhou Liwen to remove Alipay from the listing structure, and secondly, to persuade Zhou Liwen to change his mind and still follow the plan they came up with.

"Alipay, I will never put it in it and list it together." Zhou Liwen said very resolutely to the person sent by Wells Fargo, and he looked at the old friend in front of him, that is, Mikes, the senior director of the financial department of Wells Fargo.

“bavc……。” As soon as Mike was about to open his mouth to persuade again, Zhou Liwen waved his hand at him: "My friend, in fact, I told the people at Goldman Sachs a few hours ago, not to mention that Wells Fargo and Goldman Sachs are fundamentally different, as a senior director of the financial department of Wells Fargo, you should know better than ordinary people that Alipay is essentially a bank structure, not an ordinary Internet company." ”

"I have to say, you're really stubborn." Mike and Zhou Liwen have also been dealing with each other for many years, and looking at Zhou Liwen's insistent expression, he shrugged his shoulders in disappointment.

"Hehe, Mikes, my old friend." Zhou Liwen got up, put his hand on his shoulder, and said very seriously: "Actually, I understand your thoughts, you may have been in the position of senior director of the financial department for many years, I heard that Wells Fargo is having a vacancy for the position of vice president, if I guess correctly, if the network group is fully listed, this will be a very good result for you, and of course it can also increase your bargaining chips in the competition." ”

There was a hint of surprise on Mikes' face, but he quickly returned to normal. He shook his head and smiled bitterly: "It seems that these secrets are really not secrets. ”

"Of course, don't forget that although I am not on the board of directors, I am also a director of Wells Fargo."

Mix nodded, "You're right, I do have this idea. And as you can see with Goldman Sachs' plan, although the whole market is not very prosperous due to the subprime mortgage crisis and Lehman Brothers, it is more necessary to give some stimulus to the market at this time to stimulate people's confidence in the securities market. And your online group is the best choice, and if all goes well, it will have a market capitalization of $2.6 billion or more, you know what that means? ”

Seeing Zhou Liwen nodding silently, Max said again: "Now, you put the payment...

The separation of treasure from the plan will lead to the difficulty of raising shares and a significant reduction in market capitalization, if this is the case, the end result will be half of the original and very good, perhaps less than that. ”

What Michael said Zhou Liwen does not deny, especially for an institution like Wells Fargo, a plate of 2.6 billion is also a huge and profitable project for Wells Fargo. With Max currently in the running for the position of vice president, he has a better chance of winning if he gets the project done. According to Zhou Liwen's current change plan, then just a project worth investing in will not decisively affect his future.

But Mike also admitted that Zhou Liwen was not wrong to do so. After all, as a senior executive of a huge banking institution ranked No. 1 in the world, he knows better than anyone the nature and value of Alipay. In fact, from the very beginning, he came up with this plan to involve Alipay, so as to improve the intensity of listing. Unexpectedly, Zhou Liwen was not confused by the pie drawn by Wells Fargo and Goldman Sachs, and decisively stripped Alipay from the project, so that the previous calculations were all in vain.

"I'm asking you a question." Zhou Liwen said suddenly.

Seeing Max looking up at himself, Zhou Liwen asked with a smile: "My friend, if you answer me honestly according to my request, how sure are you about going public?"

"Of course, even if Alipay is divested, your network group still has the potential to go public. And judging from the current scale, Taobao alone has already passed eBay, not to mention the platform of Ahri. Therefore, Alipay is not the deciding factor, but only strengthens its capital and the confidence of investors after listing. ”

"Okay, it's enough to have you." Zhou Liwen nodded with satisfaction.

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