Qian Cai pointed out his subordinates, but Li Shufu didn't feel anything wrong.

To be able to casually say such an incisive marketing plan, while looking at sales and influence, is much better than him.

Li Shufu heard a detail at the same time, and then looked at Qian Cai's wrist.

He had already decided that he would have to build a valuable Swiss watch on this beautiful leopard.

Everyone has mentioned it, so it can't be ignorant.

"Mr. Qian, you can't favor one over the other!"

It was the little horse brother who seemed to be shy, but was actually the thickest-skinned.

The old horse usually talks and holds a horse, but he also sets himself up, but if he really asks him to copy anyone, he really can't pull that face, even if he listens to other people's opinions, he doesn't feel good in his heart.

On the other hand, Brother Xiaoma, a delicate pragmatist, tore off his face and said that he was less than two or two.

At this moment, the waiter had just started to turn the table to eat, and Qian Cai also leaned back.

"Hehe, Brother Xiaoma, QQ's steps are big enough, aren't you afraid of pulling eggs? Now it shouldn't be controversial to say that you are the most profitable Internet company, right? The valuation of the IPO will not be low, right? I personally suggest that you still learn from Ma Yun, thick accumulation and thin hair, is what you should learn the most at present, as for the function, just listen to the opinions of the majority of users. ”

Ma Yun rolled her eyes when she heard this.

Am I accumulating? I can't send it out, okay!

"I'm not worried about the IPO, in fact, on the way here, I also communicated with Jack, and we agree on this point, the price-earnings ratio is too high, and a large amount of financing at one time will not bring real development to the company.

If we want to become bigger, we must give up immediate interests.

Therefore, we chose to IPO in Hong Kong stocks, although it is not big, but the citizens of Hong Kong stocks can understand what we are doing and can participate in the use, and investors are in the same time difference as us, our relevant information release, decision-making, can also let investors know faster, and if Hong Kong City becomes a leading stock in the technology sector, the income will not be low.

At present, many peers, including foreign ones, say that our valuation before listing can reach 2 billion US dollars, but I have never been too greedy in the stock market financing, and more of it is for the sake of Mr. Tong. ”

Brother Pony wanted to express that he was not in a hurry, but it didn't feel right when he said it, and he turned his head and hurriedly expressed his loyalty to Tong Shicai.

Qian Cai pouted.

Tengxun is indeed not short of money, and at present, the company that has really achieved a profit in three years and is qualified to list on its own is the only one in China, and the others have water.

It's not that there are no Internet companies to make money in the cold winter of the Internet, but either there is not enough time or not enough money, and those that have been listed in the past two years have either made statements or borrowed a shell.

"The essence of the stock market is that a person in the village takes the lead in buying an excavator, and everyone believes that he can make money, so they all contribute money to participate.

The stock market does not generate profits, it is a zero-sum game, if the company makes money and appreciates, then it is not earned in the stock market, but the appreciation caused by the profit generated by the operation, if you want to make money in the US stocks, someone has to lose.

I think Teng Xun was right to choose not to be listed on the NASDAQ, but you probably haven't appreciated the core benefits yet.

If everyone wants to make money on the NASDAQ, they have to have American shareholders to dig in their pockets, dig around, and finally have to pay for American shareholders.

But at present, most companies are thinking of going public to make a fortune. Therefore, once international relations are tense and the United States wants to suppress Chinese companies, the first thing to do is to take the stock market, and the harm of stock market turmoil is needless to say, right?

The impact of secondary financing, the pressure of shareholders' meetings, the pressure of public opinion, key supervision, and the company's status are all very large, even fatal, and a relatively stable and controllable stock market will definitely have greater long-term returns.

Therefore, Mr. Tong, since you support Brother Xiao Ma to go public in Hong Kong City, don't prepare for a wave of cash-out, and you have to hold shares for a long time as much as possible in order to get the maximum return. ”

Tong Shicai shook his head and smiled, did not answer, just grabbed his chopsticks and said.

"You're welcome."

Qian Cai looked at him and found that he was a little confused, so he raised his hand and said, "Isn't Brother Xiao Ma also hungry?" You're welcome. ”

As he spoke, he also picked up the chopsticks on the chopstick rest on the table, picked up a piece of Soviet-style braised pork in front of him and put it in the bowl, picked up his own chopsticks and put it in his mouth.

The sweetness is heavier, followed by the sourness.

The braised pork was originally endorsed by Su Dongpo's "Ode to Pork".

Huangzhou is a good pork, and the price is as cheap as dirt.

The noble refuse to eat, and the poor do not understand how to cook.

Clean and wash the bell, less water, and the firewood will not be smoky.

Don't urge him when he is familiar with himself, and he is beautiful when he is full.

Pork belly ribs, three layers of muscle sandwiched between two layers of fat, divided into four major genres and methods.

Beijing Pie: Deep-fried green onion and turmeric sauce, put water and meat pieces to simmer.

Suzhou-style braised pork: Cook the meat with cooking wine and vinegar, then add dark soy sauce, and finally put rock sugar on high heat to reduce the juice.

Hangzhou Dongpo meat: cut the meat into squares, blanch in boiling water, take a casserole, add white sugar and soy sauce to Shaoxing rice wine and stew crispy, and then steam in a steamer for half an hour.

Shonan Mao's braised pork: In addition to fixing the spices, there are mainly garlic and dried chili peppers, and they must be stir-fried until dry, fried sugar and colored, add salt, and simmer over low heat, without soy sauce in the whole process.

This is probably a dish with extremely diverse methods, and each method can be eaten by money.

Only tofu brain can be compared.

But sweet tofu brain money is really unaccustomed to eating, and he is used to eating that kind of tofu brain, which is spicy, maybe most people are not used to eating it.

After two sips, Qian remembered something, put down his chopsticks and reminded.

"During the special period, everyone uses chopsticks, Brother Xiaoma, I see that you don't want to go back to Shenzhen recently, public transportation is very dangerous."

Brother Xiaoma's chopsticks were embarrassed all of a sudden, and he quietly changed the chopsticks to pick up the dishes, and then said a little stupidly.

"Mr. Qian, don't worry, I take my temperature every day, it's normal, can I harm you?"

Qian Cai waved his hand: "Hey, what do you want, I'm asking you to stay for two more days, how dangerous is Yuecheng now?" Tomorrow, I'll take you to see my research institute, and then I'll take you to have fun. ”

Brother Xiao Ma probably misunderstood, and he really didn't understand, people who experienced that era, this kind of transmission rate, in the eyes of Qian Cai, was just a drizzle.

"How can I have time to play! The greatest disease in the world is the disease of poverty! I guess I'll have to go back to work overtime the day after tomorrow! Ma Huateng complained again.

Tong Shicai, who was sitting next to him, patted him and said: "Xiaoma, money can be earned at any time, health is the most important, my research institute has issued a report to me, this time it is not trivial, the transmissibility of respiratory infectious diseases has always been very strong, this time the danger is also very high, play for two days, I will ask someone to drive you back." ”

"Okay, Mr. Tong, then I'll go back with you." Ma Huateng is also determined, and he wants to have a good relationship with Tong Shicai.

It's a little difficult to see the money now.

In the future, he can rob Brother Xiaoma's business without psychological barriers, but Lao Tong's face can't be left ungiven.

It is necessary to give priority to entering the mobile communication market, first to do a certain market share, and then ask Ma Huateng is better, he is willing to cooperate with the cooperation, if he is not willing to cooperate, he will fight.

To seize QQ's communication market, he has a plan, but it's still early, at least before 07 years, there is no talk of fighting.

Unless he is disobedient.

Sitting at the scene today, Mr. Ma almost didn't say a word.

It's not that he doesn't have doubts, it's just that he still has a certain degree of vigilance against the people here.

Qian is the shareholder of Alibaba, but others are not.

And in Qian Cai's investment vision, he is just a very small acute angle.

Qian Cai is the host today, so he naturally has far more careful and keen than usual, and he found that when it comes to the issue of listing, Lao Ma's interest is not very high, and he is even a little distracted.

Also, Ma Yun is very suffocating, what he cares about is not how much price-earnings ratio he can get, but how big the profit base can be before going public.

He is a man who has defeated the P/E rules, and with the trajectory of his previous life, he held back until the big bull market at the end of 07 before he was listed for the first time in Hong Kong City, raising $1.7 billion, but the P/E ratio is not high.

As a result, I was unlucky, and I just held back on the threshold of the global financial crisis, and then I had no choice but to delist after 12 years.

Later, when it was listed on the New York Stock Exchange in 14 years, it was already a behemoth, even though the price-earnings ratio was still only 30, but it set the world's largest IPO, raising 200... Two billions of dollars, forget.

The price-earnings ratio is very easy to understand, the result of dividing the market value of the stock market by the annual profit, to be precise, should not be a rate, but a multiple, and the standard name should be called the price-earnings ratio multiple.

That is, if you buy this company, you can return to the capital in many years by relying on the profits it generates.

The size of this P/E ratio is related to the growth rate of earnings, and it is easy to understand that the faster the earnings growth, the faster the return to investment.

Generally, the P/E ratio of companies with a profit growth rate of more than 30% within three years should be between 28 and 52, while the Internet has no physical support, expands rapidly, and the P/E ratio is generally very high.

Alibaba's earnings growth rate is significantly much higher than this, but the price-earnings ratio cannot go up.

Without him, when Ali was listed in New York, the volume was already too large, and the profits were too violent, although the stock market IPO did not have a limit, but it also reached the point that the world's largest New York Stock Exchange could not buy orders quickly, and could only grow slowly after listing.

Ali will be so brilliant in this life, but Yahoo, the-stirring stick, should not come in again, Yahoo, who cleared the court and changed the order in the previous life, used a price dozens of times greater than 10 billion US dollars, and it was really a big loss.

Their 3721 has been bought by themselves, and two years later, the technology and traffic that Taobao needs, as well as the funds, can be supported by themselves.

Come to think of it.

"Lao Ma, if you have done Taobao and Alipay in the past two years, before the IPO, I will also make a big investment and give you a good market value, how about it?"

Ma Yun raised his head, and after turning his words twice in his mind, he thought that money was dead and unchangeable, and it was not good to talk about the issue of holding in front of everyone, so he had to sigh.

"Hey, how much do you want to vote?"

Qian Cai put down his chopsticks, leaned on the table with his hands on his cheeks, and said with great interest: "I will give you as much as you can achieve in turnover." ”

Ma Yun was the first to react, Ma Huateng was second, Tong Shicai was third, and Li Shufu was all confused, just guessing how much profit margin there was in Ali's turnover.

Ma Yun knows best that in his turnover, there is currently less than 4% of the gross profit of the service and less than 2% of the net profit.

How much to sell, how much to invest?

How far are you going to dilute our existing shares? I'll give you a pure part-time job?

"Mr. Qian... Are you kidding? Ma Yun's face twitched a little.

"There are many people and many things, our first meeting, what am I kidding with you?" Qian Cai pursed his lips with an impatient look.

After saying that, I didn't want him to guess, so I was straight to the point.

"In the first half of 05, at the end of June, as long as you achieve 5 billion sales, I will invest 10 billion in you, of course, this is not all cash, I can provide you with technical support and traffic support in the engine, this part should be discounted, but at least 1 billion US dollars in cash, at this price, get 30% of Ali's shares, this part of the shares is sold to me by Son Masayoshi and you, shareholders will jointly raise funds, you will decide, at that time, you will control a pre-IPO valuation of 33 billion Ali."

Ma Huateng rubbed his eyes when he heard this, feeling a little unreal.

To tell the truth, he wants to sell Teng Xun again.

What the is this tiger wolf bid? 10 billion to get 30% equity?

Mr. Qian, are you okay to buy me?

He suddenly felt that Brother Tong next to him was a little unreliable! How much did he spend on 50% of Tengxun's equity? It's less than 500 million, right?

Ma Yun was also a little short of breath, and the price was somewhat down to his sphincter.

No one could have imagined that the development of the Internet in the next two years would be so vigorous, and how rapid the harvest would be in the next two years.

Qian Cai didn't make a random offer, he just offered a higher price than Yahoo in his previous life, but from the time of view, Yahoo's bid was also very high.

To say this now is even more explosive.

In fact, if the money is silent, it is completely possible to get a controlling stake from Sun Zhengyi at a low price silently, but this will make Ma Yun suspicious of him, for this money, it is not worth it, the value of Ma Yun is far more than that.

"Mr. Qian... Will you be able to get that much money out of your hands by then? The first thing Ma Yun thought of was whether there was a problem.

In his opinion, this offer, whether it is controlled or not, can be talked about later.

Qian Cai hooked his lips and smiled.

"Two years ago, I was poorer than when you opened a gift shop selling flowers."

(End of chapter)