American Fortune Life

Andy actually understood that Jack Ma's three-step strategy of Yahoo Yang Zhiyuan and Soft Silver Sun Justice, the practice of separating third-party payments, making them fly alone, and completing the conversion of foreign holdings to domestic capital was also helpless for Jack Ma.

The security of payment data will not be easily relinquished by any country; it is a matter of security, not of ethnicity.

All large firms wanted to be open to the world, yet the future era was a competition for data. And Ali of Jackma has the country's economic data. This is undoubtedly unacceptable to any country. In the United States, the same problem, or even more trouble, will still be encountered.

Understanding is understandable, but Jackma is a respected rabbit country entrepreneur and Ali is one of the biggest internet companies in the rabbit country. The cost of this mistake is not only accumulating years of personal international reputation, but also potential long-term development opportunities for Ali.

At the same time, the single-flying (secession from the two major shareholders of Yahoo Soft Silver) event sparked outside discussion about the spirit of entrepreneurial contract and integrity.

However, Andy did not think that the most important question to ask for this video connection from Li Xiaoying was that Jack Ma had just raised the issue of payment of license plates at a board meeting. The information returned through multiple feedback might eventually prevent FDI from obtaining license plates in the first batch, so he proposed the first step strategy for hidden purposes of separation for third-party payments.

Seventy per cent of the shares paid by third parties were transferred to a domestic company in the name of Jackma at a low price, and one of the most confusing conditions for Xing and deceiving Xing to keep up with soft silver and Yahoo plants was what Jackma called protocol control.

The so-called protocol control model originated 12 years ago from the listing of Nasdaq, the old wave network, and has since been widely used in “foreign investment banned” industries such as the Internet, publishing and other overseas red capital listing.

In the name of the overseas company under its control, the sole foreign-owned enterprise shall be set up on the way back, and the whole business activities of the domestic enterprise shall be controlled through exclusive xing management consulting or technical service agreement, thus obtaining the main income and profit of the domestic enterprise.

Through the above series of arrangements, although the domestic enterprise is prima facie still an independent domestic enterprise, virtually all of its operations and its corresponding assets, revenues and profits are vested in and effectively controlled by the foreign company.

At this time, the statements of both parties should be consolidated. Consolidated statements are the accounting prerequisites for realizing foreign listing of domestic interests.

Yahoo and Soft Bank's financial statements, which were also implemented at the beginning of the agreement, nevertheless continued to transfer the remaining 30 per cent of the equity interest in August 2010, with the third step being the termination of the agreement control with Alibaba Group in the first quarter of 11 years. Jackma terminated the agreement control in this regard without the adoption of the board of directors and completed the personal holding paid for by third parties.

Later, after a central bank investigation, he obtained a license and returned to negotiate a compensation agreement for Yahoo and Soft Bank. However, Soft Bank's Sun Justice directly refused, and the compensation negotiations for Jakema and Yahoo fell into the mud.

Whatever the reason, no matter how powerful the context of the powder decoration is, it cannot escape the contention of interests and the integrity of the spirit of the contract.

To be strong, big and go out, companies must be honest. Since all businesses around the world do business within a contractual framework, everyone must abide by and uphold that framework, which is both a responsibility and a protection of their interests.

More complicated, however, is Jack's belief in Ali's absolute control and his efforts to repurchase the controlling interest in the last two years. In groups with less than 10 per cent individual holdings, Jackma has maintained a strong management position on weak boards.

When an evil result has been planted, 10,000 good reasons cannot decorate it with powder, if that is to be the case, it is hypocrisy.

At the same time, of course, it must be recognized that modern payment is a new financial shuffling across banks and credit card payments, and that the rabbit State does so much more than all the countries of Europe and the United States, and there is no way to learn from it, which is a must for the rabbit State to lead the world as a pioneer.

Andy couldn't be sure if Jackma had had to or had to go through a lot of thought before he finally decided to do it. It didn't matter what he was up to, but now he's on top of himself, so things don't get so good.

In fact, the simple conflict of interests is still easy to resolve. The compensation agreement should be very rich, and Yahoo won't agree to the negotiations. The reason Sun Justice of Soft Silver refused, perhaps there was a difference of opinion with Jackma, or maybe there were more obscure thoughts inside this Korean pedestrian.

Andy knew that if the Alibaba Group was to really bring him great benefits, it would not be able to jam Jackma's neck on third-party payments, something that they, the foreign investors, could not decide, and that no country would allow such instruments involving national financial security to be controlled by foreign capital.

Long frowning meditations plunged the whole room into strange silence, whether it was Li Xiaoying on the other side of the video or Ivana, who had put down her work curiosity to look at him.

“We are not the largest shareholders, we do not need to make a hasty statement. After all, this is not the time to make a real decision, and our interests cannot be undermined, taking into account the reality that the issue of the payment of licences will not be a minor problem in any country. Alibaba's share of the equity will be difficult to gain the confidence of the State, which is the reality.” Andy finally raised his head and broke the silence, he said.

Li Xiaoying concurred with this conclusion and applauded his young boss for his understanding of the culture of the rabbit country and his rational reasons.

“Perhaps I need to meet with Jack Ma, unfortunately not now, and I would love to see him if Jack Ma came to America. ”

Li Xiaoying nodded: “The next time I see Jack Ma, I will bring him the words. Also, boss, I have contacted Lieutenant Zhou Hong of Qihu 361, I will fly to the capital tomorrow, I think Zhou who wants to expand wholeheartedly will not refuse our investment. ”

“Very well, Emily, I am very pleased that you were able to enter so quickly and open the breakthrough for investment in the Internet market in the rabbit country, and I gave you that list, and I hope you can make it happen.” Andy boasted with a satisfied smile on his face.

“As far as we know, Youku is brewing a third round of $25 million financing; when it comes to the Internet, potato net, I send people to investigate and understand. As for the gaming company that the boss told me to keep an eye on, at present, I think there are only two that have the most potential to grow, one to swim, one to flourish. ”

Andy listened patiently to Li Xiaoying's report, and his brain quickly thought, "Although the names and main business of these companies are very clear to him, he was only a technology house in his previous life, and his focus was not on the enterprise itself, but more on their business and commodities."

“Youku's 25 million dollar financing, eating it all, acquiring its shares as much as possible, and the potato net, the netizens base of the rabbit country is huge, and the video site is growing very fast, and under special circumstances, it has almost been decided that they will have no strong foreign enemies, that they will basically be in an internal fight, and that the potato net and the strong Youku, one of the world's earliest online video sites, will undoubtedly be the best of them, grabbing these two horns, giving them enough ammunition to wipe out their opponents, and I will be the beneficiary no matter who wins or loses when they are left. ”

“I understand, boss, but holding shares in two companies in the same business at the same time, boss, are you sure you want to give up voting rights on the board?” Li Xiaoying disagreed strongly on this point. After all, it would undoubtedly be unwise to easily relinquish the right to vote, which protects interests.

“Yes, but you will indicate in the agreement that our voting rights will be restored in the first place, regardless of which merger or acquisition.” Andy decided to give up his voting rights, impartiality, just for profit, just because he didn't want to arouse suspicion in the two companies that they had voted for, and perhaps that would reassure the team of founders.

“So, the last one left, where's the penguin?” Andy had a bad feeling because when Li Xiaoying left, Ali and Penguin had been specifically advised to pay attention, no matter how many shares he could buy, but Li Xiaoying hasn't mentioned penguins since the video started.

“Sorry, boss, I'm afraid to disappoint you. The share price has been growing steadily since the listing of penguins in HK in '04, and now the equity structure inside the penguins is very strong, I'm afraid we won't be able to get the shares unless we're willing to spend a lot of money. ”

And then Andy laughed, "Tell me about the equity structure of the penguins. ”

In 2002, 46.3 per cent of entrepreneurs, 46.5 per cent of South African MIH, and 7.2 per cent of IDGs were entrepreneurs. By 2003, the Founders' Team and MIH each accounted for 50%, and after listing, 420 million public shares were issued, IPO diluted the original shareholder ratio by increasing equity. The share of 12 natural persons and MIH of South Africa in penguin holdings decreased from 50% to 37.5%, respectively. On 31 August of the same year, the Bank of South Africa announced that it held 185 million penguin shares, or 10.43 per cent of the issued shares. The rest of them are in circulation! ”

“This South African MIH... ”

Li Xiaoying quickly settled his doubts for Andy, “a group held by NL, the South African Standard Bank, whose main business was media, television, the Internet, which had long since started laying out the Asian market and was a listed company in Nasdaq, USA, with a current market value of $4 billion. ”

Andy nodded and looked at the beautiful face on the monitor and said, "What do you suggest? ”

After a dozen seconds of silence, Li Xiaoying said: "Boss, if the subprime loan crisis in the United States is really going to sweep the world, I think the South African Standard Bank will also suffer, maybe we can use this opportunity to get in touch with them to see if we can buy some shares, if not, the global stock market will be hit hard, and we can also suck a lot in the market at a low price, which may be more suitable for us. In both directions, the shares of both MIH and HK-listed penguins listed in Nasdaq will be sucked at a low price. More than five percent, we can announce to the public that I think both companies will have to absorb us into the board. “