Dong Ping's words were like a sledgehammer, smashing heavily on Li Yanhong's heart.

"Is there really nothing I can do?" Li Yanhong muttered to himself in frustration.

Dong Ping shook his head: "Mr. Li, you don't have no way, the solution is right in front of you!" ”

Li Yanhong looked at him, still hesitating in his heart.

"Tianxin Group has abundant capital, and our Yutian Electronics is not bad. In the second quarter of this year, Yutian Electronics' smartphone shipments reached 10 million units, and the shipment of tablet computers also reached 1 million, which has fully illustrated the potential of Yutian Electronics! Dong Ping said proudly that since he changed his strategy, Yutian Electronics has developed rapidly, and it is expected that this year, smartphone sales can reach 60 million. This number is several times higher than last year.

Li Yanhong had a mockery in his eyes: "Dong Shao, your Yutian Electronics is developing very quickly, but the gap with Tianxin Electronics is getting farther and farther. I know that during the same period, Tianxin Electronics' smartphone shipments reached 20 million, and the number of tablet computers reached 5 million. Moreover, people make high-end products, and you sell a few mobile phones. ”

Dong Ping was not angry because of Li Yanhong's words, but persuaded him earnestly: "What Mr. Li said is good, it is precisely because I know these that I came to seek cooperation with Mr. Li, and I hope that Mr. Li can consider it carefully." ”

Li Yanhong was silent for a few minutes, and then suddenly sighed, Dong Ping was overjoyed to see it, he knew that Li Yanhong was finally going to let go!

"Dong Shao, if Qiandu agrees to the merger of the two companies, how will the equity and management be distributed?" Li Yanhong asked.

"We can talk about this question!" Dong Ping said busily.

The merger of Qiandu Company and Yutian Electronics officially opened, and with the support of the actual controllers of the two companies, the two sides began arduous negotiations.

Lu Yang was not idle at this time, he came to Yuhang at the invitation of Ma Yun, this time, he came to talk to Ma Yun about Alipay.

Regarding Alipay, Lu Yang and Ma Yun talked a few times, starting from the capital and until now, and now it is finally going to be implemented. As Lu Yang said at the beginning, he hopes to reach a cooperation with Ma Yun and use Alipay as the default online payment method of the smart operating system, but this requires Ma Yun to pay 20% of the shares.

Regarding Lu Yang's proposal, Ma Yun was a little moved from the beginning. However, if in 09, Ma Yun was just excited, then today, Ma Yun is very urgent.

According to the latest statistics, the smartphone market has now formed a trend of smart operating system, Android system and IOS system hegemony, Nokia's Symbian has gradually failed to keep up with the team, and anyone with a discerning eye can see its decline. Among the three competing for hegemony, the smart operating system has a slight advantage, accounting for 40% of the share, among which, in the Chinese market, the wisdom alliance occupies a dominant position, occupying 70% of the share.

For the Chinese market, Ma Yun has no idea, which is not surprising, even without the support of the Wisdom Alliance, Alipay is still the leader. What Ma Yun wants is the influence of the Wisdom Alliance in the world, in other words, he wants to take this opportunity to let Alipay go abroad.

Both sides have their own needs, and the cooperation is also very smooth. However, Ma Yun made a request.

"Brother, your valuation of Alipay is very sincere." Ma Yun said, "Although we all know that Alipay's future prospects are limitless, for now, the valuation of 20 billion is very sincere. ”

Lu Yang bowed his head and waited for Ma Yun's next words.

"In terms of price, I have no objection, just the payment method, I hope to be able to change it." Ma Yun said.

"Brother Pony, please say it directly." Lu Yang Road.

"I hope to use the method of equity exchange to deepen the cooperation with Tianxin Electronics." Ma Yun said his plan, "We can reach a plan, I will exchange 20% of Alipay shares for a certain percentage of Tianxin Electronics' shares!" ”

"Equity replacement ......" Lu Yang thought about it and did not refuse, he felt that this plan was not bad. If the cash payment method is adopted, Lu Yang needs to pay 4 billion if he wants to get the 20% of Alipay shares, although he can bear this figure, it will undoubtedly greatly reduce his liquidity. Especially this year, Tianxin Group has several major projects to launch, including data center, Tianxin Institute of Technology, South China Sea land and so on.

"Brother Xiaoma, I agree in principle with your proposal. What are your thoughts on the proportions of the replacements? Lu Yang asked.

Ma Yun was a little excited, but she didn't expect Lu Yang to agree to his suggestion so quickly. Since the rise of Tianxin Technology, I don't know how many people want to get the shares in Lu Yang's hands, but no one can succeed (the outside world does not know about Zhao Tai's ownership of Tianxin planting shares), and now, he is actually going to succeed!

"I would like to own at least 2% of the shares of Tianxin Electronics!" Ma Yun said widely.

Lu Yang shook his head with a smile: "Brother Xiaoma, 20% of Alipay's shares are not worth 2% of Tianxin Electronics' shares." ”

Ma Yun leaned forward and looked at Lu Yang: "Brother, what is your valuation of Tianxin Electronics?" ”

Lu Yang said: "Let's put it this way, in the first half of this year, Tianxin electronic smartphone shipments exceeded 30 million, tablet shipments reached 7 million, simply calculated, even if a smart phone, we only earn 1500 yuan, a tablet, we only earn 700 yuan, in the first half of the year, Tianxin Electronics' profit is nearly 50 billion." In the second half of the year, Tianxin Electronics also launched new products, and the annual profit could easily exceed 100 billion yuan...... You say, what is the valuation of such a company? ”

Ma Yun gasped in his heart, he found that he really took it for granted, so calculated, the market value of Tianxin Electronics is simply astronomical! As far as he knows, the market value of Qiandu Company was nearly $50 billion at its peak, but their annual profit was less than 3 billion. Of course, the situation of these two companies is different and cannot be compared in this way, but it can also be seen that the valuation of Tianxin Electronics is definitely not less than 200 billion US dollars!

"There is also a statistic, our rival Apple, sold 12 million smartphones in the second quarter, while we were 20 million. And Apple's latest market capitalization exceeded $******...... Although in terms of brand and influence, Tianxin Electronics is not as good as Apple, but we already have capital that is not inferior to them! Lu Yang continued.

Ma Yun listened and was silent for a long time, and then said with a wry smile: "Brother, I used to think that it was good to be Ali, but now when I compare with you, I find that there is such a big gap." ”

"Our industry is different, there is no comparison. In fact, Brother Ma, you want the shares of Tianxin Electronics, I have no objection, at most two years, Tianxin Electronics will be listed. And I can also tell you that before the listing, Tianxin Electronics will make big moves, and at that time, the product profit margin of Tianxin Electronics will be further improved. Lu Yang said with a smile.

"If you follow what you said, the valuation of Tianxin Electronics is at least 200 billion US dollars, equivalent to 1.34 trillion yuan, and calculated, 20% of Alipay's shares are at most 0.3% of the shares, which is too big a gap with my expectations." Ma Yun estimated it in her heart and said with disappointment.

Lu Yang acquiesced to his statement, because in this way, Ma Yun did not suffer a loss, and his valuation of Tianxin Electronics of 200 billion US dollars was already very conservative.

"Brother, are you interested in Ali?" Ma Yun said suddenly.

Lu Yang was very surprised: "Brother Xiaoma, what do you mean by exchanging Ali's shares for Tianxin Electronics' shares?" ”

Lu Yang was quite surprised, he hadn't thought of Ma Yun's proposal before.

"Yes, but it's not me exchanging shares with you, it's Yahoo." Ma Yun obviously had other ideas.

As he grew up, he received a lot of financing, the most influential of which were Masayoshi Son's SoftBank, which invested in Alibaba 10 years ago, and Yang Zhiyuan's Yahoo, which acquired a 40% stake in Alibaba five years ago. After that, other investors withdrew from Alibaba, and Alibaba's board of directors formed a three-legged pattern.

"Before accepting Yahoo's financing, Yang Zhiyuan and I had an agreement, including voting rights on the board of directors and board seats, but the agreement expired in October this year. In addition, Yang Zhiyuan has been ousted by Yahoo's board of directors, and the Yahoo CEO who will take over will not support me as much as he did before. Ma Yun regarded Lu Yang as a friend and calmly informed him of his predicament.