American Fortune Life

Chapter 803: The Pit at the Alibaba Annual Meeting (Fourth Amendment)

“Weicher once told the press he was proud that we were waiting for penguins + BAI + new LANG. There's still a dime. Well, that's true if you look at the market value alone, and I would also like to thank our CEO for his hard work and hard work on Ali's listing over the past year... ”

Pfft...

The applause rang in the top of the light, and Wei Zhe was a little proud, nodding to the three shareholders. Li Xiaoying, sitting beside Andy, accidentally saw the slightest joke on Andy's face. Although she didn't know much about Andy, she also knew some of Andy's facial interpretations, and this smile had a bit of a happy and happy smile.

Indeed, the applause stopped, and Ali's chairman, Jack Mana, sitting on the throne, smiled and shook his finger as he said: "Someone asked me to rate my management over the past year, and I began to refuse, and if I had to score one, I would only give it 75 points. ”

“Wow...”

The management in the conference room was slightly changed in color, and some unbelievable mumbling could not have happened.

And the smile on the face of CEO Weichel was more solidified, his eyebrows wrinkled, his face squeaky, he was confused.

Andy, on the other hand, was very clear of the fact that Weicher, who had completely fallen into the eye of money, would be tripped twice by the same stone that he didn't care about. In fact, this year in Ali, a “ring the alarm bell” fraud happened. Weicher had no consciousness whatsoever of the significance of the matter, so that four years later, he repeated it and made things irreversible.

“This year, members of the British Buyers Association purchased a shipment of products from a Lycheon supplier on Ali.com, resulting in fake goods. Thirty or so people came to Heaven City with officials from the Ministry of Commerce of Heaven and Dynasty, claiming to have access to justice, which pissed me off, knowing that it was a violation of Alibaba's integrity system and values and directly related to Alibaba's survival... ”

When I heard Jackma say the reason, the conference room became dead silent. To be honest, it was bad luck when Weicher just took over B2B, but Weicher didn't know if he was aware of the seriousness of the situation or had any other considerations.

Anyway, when it happened, Weicher came with a headache and a footache and a footache. Since there was a problem in Lycheon, all Lycheon merchandise was removed and the cooperation agreement was stopped.

Obviously, Weicher's manager was too subjective in dealing with this! Jackma was actually very dissatisfied with the handling of the matter, and Weicher's 25 points should have been deducted from it.

“As the founder of the company, I can't blame myself. This year I deducted all my own bonuses to show discipline! ”

Once again, Weicher's face turned red directly. Andy, Yahoo stands for Jacqueline, Soft Silver Sun Justice, all watched sideways. One big pair of us came with only our ears. What you meant by playing with yourselves.

In 2007, Alibaba's operating income amounted to $2,163 million, with a strong growth of 59 per cent, mainly due to an increase in the number and average consumption of paid members.

Equity owners should account for a 340% increase in profits, amounting to RMB 968 million.

Earnings per share were HK $20.41, an increase of 358%.

The total number of registered users increased by 40 per cent, to 27.6 million.

Enterprise stores increased by 43 per cent, or 3 million.

The total number of paid members increased by 39%, to more than 300,000 and 5,000... ”

CFO Cai Chengxin reported a string of numbers, and as several shareholders heard the data, he nodded frequently, expressing satisfaction that only Andy's faint smile had never changed, as if the gains were not very appealing to him.

By the time the performance report was almost over, the atmosphere in the conference room was suppressed, and Jacques and his founder team members were both a frown.

“We at Yahoo hope to be able to add a new board seat... ”

In the face of the somewhat aggressive language of Yahoo Lady representing Jacqueline, Jacqueline, the bright eyes of Jacquema flashed, half-dropped eyelids, looked down at the documents in her hand, and her already thin lips snapped.

“Mr. Sun, what's your opinion on soft silver? ”

Little grandson Justice just smiled, “This time I came here to entrust you with the equity in my hands, Jack, you invited me to be a director, I refused, I only held the position of advisor, I was only interested in Ali's shares and growth... ”

Upon hearing Sun Justice, Jacqueline of Yahoo was forced to change her face and pushed her glasses on her nose beam. After glancing at Sun Justice, she eventually landed on the young face she was very familiar with, and the seat was able to get the support of her fellow Americans.

Everyone in the conference room couldn't help but look at Andy, whose opinion is now of paramount importance.

Honestly, at that moment Andy's heart was shaken, and now it matters that he nodded and agreed to stand aside with Yahoo, that they, the investors, would have an extra point in the board of directors, and that they would have an extra resistance to future Jakma's forcible separation of third-party payments.

But Andy asked himself a question at the very beginning of this idea: What do you want?

Future control of Ali? Oh, come on, that's impossible. Even if Andy had the strength to acquire Ali, would Ali still be the world's largest Internet company, as in previous generations? The rabbit government can agree. That's ghosts! Even now, the central bank has repeatedly sent letters asking whether Ali is a foreign company or a Chinese company to decide whether to issue third-party payment licences.

Then there's only money left, or is the money the most solid, so in order to keep your interests intact, then you can't let Jackma and the founders treat him as an adversary and an element of instability, or let them fight Yahoo.

Yahoo's request to increase the number of board seats this time is, quite frankly, a test and a reaction to the dilution of equity.

“There is no need to ask my opinion on this, after all, I have entrusted the equity to Jack Ma since I joined the Ali family from the very beginning... ”

Andy's words were not finished, and the condensed atmosphere in the conference room immediately dissipated and became relaxed. Only Jacqueline the Yahoo looked a little ugly, but she still nodded at Andy, and Jackma, with her eyelids half-dropped, nodded at Andy as well, thanking Andy for his trust and support.

Only Sun Justice looked into Andy's eyes with a little more precaution and vigilance, because he found that his presence in Ali was even lower than his, and more importantly, no one seemed to disgust him. Andy's step back made Sun Justice's previous gestures to Jackma less prominent, and the gratitude he wanted would be greatly discounted.

Perhaps in the future, in the fight for Alibaba shares, this rich young man is his biggest competitor, an investor who was not interested in the power of the board from the outset, and I'm afraid there is no other explanation than to pursue greater profits.