Top of the Great Era

From the short-sleeved shorts in Australia to the long and thick windbreaker in the United States, Zhou Buqi really has a feeling of flying all seasons.Boss Ma is very rustic, a fluffy and exaggeratedly gray down jacket, he is short in stature, but he looks round after wearing it.

The two left Masayoshi Son's house, intending to find a place to sit down, drink tea and chat.

Seeing his outfit, Zhou Buqi couldn't help but said: "You also find a designer to tidy up for you. People rely on clothes and horses. Dress appropriately, okay? You are too rustic."

Boss Ma said nonchalantly: "It is not people who rely on clothes, but clothes that depend on people."

Zhou Buqi said: "You still can pretend."

The Greater Bay Area can be regarded as his territory, and he wants to lead the way to an indoor leisure club in the suburbs of San Jose.Boss Ma felt that it was too far away, so he said that the Japanese-style tea ceremony house with a fresh environment that Sun Zhengyi always went with them was very good, so let's go there.

Boss Ma said: "The main reason is that this kind of place is more comfortable. When you go in, you can take off your shoes and get on the kang, and you can lie down on your side."

Zhou Buqi nodded, "Well, it would be great if it was a kang. It's winter, and it's more comfortable to stay on the kang in the northeast."

Boss Ma smiled and said, "Isn't there an electric kang?"

Zhou Buqi shook his head, "That's not the same, the heated kang has smoke and fire. Especially after sitting for a long time, it feels like burning your buttocks, which is very enjoyable. If you are free, go to the northeast, and let's go to the heated kang to eat stewed goose with mushrooms."

Boss Ma laughed, "It's still you."

When he arrived at the shop, Zhou Buqi was not polite, and picked two delicate and beautiful tea masters from a row of girls to serve him.

After taking off his shoes and getting on the tatami, Boss Ma suddenly said, "By the way, the domestic group buying trend has collapsed a bit, have you paid attention?"

Zhou Buqi said "hmm", "I heard that several companies have run away and cheated a lot of money."

Boss Ma sighed, "It's a good e-commerce market. With this group of people doing it like this, the whole big industry will suffer again, and it won't be able to recover for a year or so. Last month's Double Eleven event, sales It didn’t meet expectations.”

Zhou Buqi glanced at him, "The truth?"

Boss Ma was slightly taken aback, "What do you mean?"

The corner of Zhou Buqi's mouth twitched, "I thought you were deliberately lowering sales."

Boss Ma's face darkened, "What's the reason? It's always been the only way to increase the sales volume, how can there be any talk of lowering it? It's inexplicable!"

Zhou Buqi snorted, "Others can't do this kind of thing, not necessarily your boss Ma! You have such a high vision, maybe there is a big plan behind you!"

Boss Ma narrowed his eyes slightly, "What do you mean?"

Zhou Buqi said with a smile: "Alibaba's share price in Hong Kong has been sluggish for a long time. At the end of September, you even conducted a financing and got 9 billion US dollars..."

Boss Ma explained: "Didn't I tell you that I have plans to delist from Hong Kong Island. The B2B business in Ali has changed from a core position to a marginal business, and it is not suitable to represent Ali. The last time it was acquired The US$16 billion is for delisting and repurchasing shares.”

"Really?" Zhou Buqi said with disbelief on his face, half-truth, half-fake, half-joking, "5% of the shares are only 16 billion U.S. dollars, and Ali's valuation is only 320 billion U.S. dollars. Awesome! Awesome, the next one Great chess."

Boss Ma said angrily: "Don't be weird with me!"

Zhou Buqi picked up a small cup of brewed tea and felt very comfortable drinking hot tea in the winter, and felt even more comfortable watching Boss Ma sitting across from him, pretending to think about it, and said: "Ali's valuation The lower the value, the lower the value of the 40% shares held by Yahoo, the lower the market value of Yahoo, and the lower the price for Ali to reclaim the shares. The 5% of the share financing is just bait for fishing This 40% stake is owned by Yahoo.”

Boss Ma was stunned and stared at him blankly, "You have too much imagination, don't you?"

Zhou Buqi snorted, "How dare you say you have no plan?"

The two of them came out to chat alone, and it was necessary for some words to be clarified. Boss Ma said helplessly: "There are some schemes, but it has nothing to do with this. What kind of bait, fishing, how can there be such a thing?"

Zhou Buqi said: "Tell me, what is the plan? If you confess, you will be lenient, if you resist, you will be strict!"

Boss Ma drank a cup of tea and said angrily, "It's the first time I've seen someone like you prying into other people's business secrets so confidently."

Zhou Buqi said with a smile: "I actually want to help, to help you check for leaks and fill in vacancies."

"Help?" Boss Ma pouted, "You want to benefit from it, right?"

Zhou Buqi said: "I really want to help. You don't really want to count on Masayoshi Son, do you? Do you really think he can handle this matter? He can handle Yahoo's board of directors, and then unite with Blackstone Group, Bei En Capital to do something bold?"

Boss Ma didn't respond in a hurry, but sent the two tea masters away.

Although these are two Japanese girls, they don't seem to speak Chinese.

Just in case.

It's still better to clear the field.

After the two of them left, Boss Ma lowered his voice, "As far as I know, Yahoo has received more than 4 offers, and Yahoo's board of directors is evaluating them. Tomorrow, Softbank, Ali and Blackstone Group Bain Capital will also make offers. "

Zhou Buqi is not very optimistic, "If it is operated normally, it will be useless!"

Boss Ma smiled, "So absolutely?"

Zhou Buqi said: "Anyone with a discerning eye can see that the current Yahoo is seriously underestimated. Yahoo's main business is indeed not very good, and the portal network model is a bit outdated by the times. But 35% of Yahoo Japan's shares in Yahoo's hands shares and 40% of Ali’s shares, these are the trump assets. The current market value is only 200 billion US dollars, which is a bit too low. Not to mention anything else, we all know what is going on with Ali. Americans have no confidence in Ali. Yes! With such a large domestic market, as long as the e-commerce industry develops, Ali will have to ride the clouds, and its market value can be comparable to that of Amazon.”

Boss Ma laughed and said: "That's why you are interested in this transaction, and want to take the opportunity to buy a large amount of Ali's shares?"

"So what?" Zhou Buqi didn't evade, "Isn't selling to whom?"

Ali doesn't have that much money to take the 40% stake.

If you want to complete the transaction, you can only attract external capital institutions to take over.For example, Silver Lake Capital, Temasek Capital, etc., which have a good relationship with Ali, asked them to buy this stock from Yahoo.

However, under the operation arrangement of Boss Ma, these capital institutions will transfer the voting rights to Ali's management, that is, Boss Ma, after buying these stocks.

In this way, he has firmly gained Ali's control, and he can sit back and relax.

This is truly a rare opportunity.

Rather than selling to outsiders such as Silver Lake Capital, Temasek Capital, and DST Capital, it is better to sell to Boss Zhou. Who is it not to sell to?

Zhou Buqi also made a solemn promise, "I will take over the stock, I don't want voting rights, I will give it to you. I don't want a seat on the board of directors either. I just think that Ali's future is a pure financial investment."

Boss Ma nodded, sighed and said: "If you can really convince Yahoo's board of directors, then of course you can. As long as you have the strength, can afford the money, and are willing to give me the voting rights, you can take over the 40% of the shares." It doesn't matter. The key is that Yahoo's attitude is very ambiguous now, and they don't want to sell at all."

"Don't want to sell?" Zhou Buqi snorted coldly, "Yahoo's shares in Ali are originally a financial investment, so why not want to sell them? It's just that the price is too low! With a market value of 200 billion U.S. dollars, the capital market is too big. It’s a bully, it’s no wonder Yahoo’s board agrees!”

"Ok?"

Boss Ma looked at him with wide eyes and heard some meaning.

Zhou Buqi waved his hand, "Anyway, if Sun Zhengyi is in charge of the market, it is impossible to succeed. It's not a question of lack of skill, it's a question of vision."

Boss Ma looked at him amusedly, "Your vision is higher than Sun Zhengyi?"

"Isn't it high?" Zhou Buqi was immodest, "Let's just talk about Ali. I have more confidence in Ali than Sun Zhengyi. Otherwise, I can't give up my vacation and come all the way from Australia."

Boss Ma was silent for a while, and then slowly told the truth: "I don't think Sun Zhengyi will succeed in doing this."

"Huh?" Zhou Buqi raised his eyebrows, "Then you still let him do it? If you can't do it well, let me know as soon as possible. I will make a plan for you, and the success rate will be higher!"

"you?"

Boss Ma took a deep look at him.

Zhou Buqi figured out something immediately, and his eyes were meaningful, "So you still have a plan B, right?"

Boss Ma smiled and said nothing.

Zhou Buqi squinted his eyes and thought for a while. With a bit of foresight experience, he quickly deduced the real plan behind Boss Ma's plan. "Then I'll take a guess and see if I'm right."

Boss Ma smiled and said, "Okay, let's talk about it."

Zhou Buqi said: "Originally Yahoo's market value was less than 170 billion U.S. dollars, but now it has risen to 200 billion U.S. dollars because of too many acquisition invitations and capital hype. The current market value is a relatively reasonable one generally recognized by the capital market. quotations. So most of the quotations will basically be around 200 billion U.S. dollars.”

"Ah."

"Softbank, Ali, Blackstone and Bain represent the three-party partnership. Even if the quotation is higher, it will not be so high. It is far from satisfying the appetite of Yahoo's board of directors, especially Yang Zhiyuan and Folio. Psychologically, I will feel sorry. Three years ago, Microsoft offered $446 billion to acquire Yahoo. Many shareholders were moved and wanted to promote the deal. It was the firm opposition of Yang Zhiyuan and Folio that made the deal fall through. If Three years later, they sold Yahoo for more than 200 billion US dollars. They couldn’t explain to shareholders, and the pressure was too great. Money is easy to talk about, but human nature is hard to deal with!”

"It's so accurate!" Boss Ma gave a thumbs up, "And then?"