Winner Takes It All, Resurrection 2009

"A Jack Ma cannot withstand the urging of the capital behind him. You are the B2C player, Pinxixi is the C2C player, and Qingyun International has successfully expanded overseas. In the future, it will form a comprehensive competition with Ali International overseas.

In the field of e-commerce, Ali Taotao still has a slight advantage today, but no one can guarantee how long it can last.

If Ali cannot quickly catch up in the offline payment traffic entrances in multiple fields such as the sharing economy, this market will be completely occupied by micropayments.

How will Ali deal with it then?

Squid Capital cannot even tolerate Jerry Yang. It seems that Softbank and Ali management are stabbing Yahoo in the back with the support and tacit approval of Dongda, but it is more accurate to say that Jerry Yang has lost the support of Squid Capital.

He was kicked out in the new round of team-up. Even he, an American citizen, suffered such a fate. What’s more, Jack Ma was even more distant and ultimately could not be fully trusted.

As the two most important pawns of Sina Capital in East Asia, Samsung plays the good guy and targets the group everywhere, while SoftBank naturally has to jump out and play the good guy and try every means to win it over.

This is the confidence we have in having the cards and resources in our hands. No matter what choice we make, they will have the first move in advance and will not worry about us jumping out of the chessboard and starting a new business. "

The drinking party was smoothly organized, and while Jack Ma went out to greet Li Yanhong, Li Zehua casually answered Liu Qiangdong's questions.

They were not the only two in the box. Zhang Lei from Gaoling Capital had arrived earlier. He just listened quietly without saying a word.

Liu Qiangdong seemed to understand, "You guys are all so cunning, can't you be more open and honest and distinguish between gratitude and resentment?"

"The era of choosing sides in black and white has passed. Now is a new era of taking advantage of the situation. We must also follow the trend and choose the path that is most beneficial to us according to the current situation."

Li Zehua calmly explained: "Ali wants our offline resources, but we can't give them sales channels, and there is no sharing of online payments.

However, the emergence of payment insurance and micropayments in offline stores, allowing consumers to choose freely, is an irreversible trend.

It's not that I don't want to have the most out of myself, but Squid Capital, Daiying and Xiangjiang Capital are pressing me step by step, and my allies in Southeast Asia are not strong enough and can't withstand the pressure from all sides.

If I do not take countermeasures, the situation I will face next can be foreseen in advance. Minsheng Financial Holdings will not be able to exit, and it will not be able to stand firm even if it tries hard, let alone the implementation of subsequent plans.

So we have to exchange interests.

If I take over the offline market in the whole country alone and then take over most of the online payment market, all the banks, financial institutions and foreign capital will form a group together, and even you and him one day in the future.

Everyone must stand up and unite to oppose me. Everyone is calling for my death, and I cannot stop them even if I have three heads and six arms!
Therefore, we must take precautions in advance. To put it simply, just like Intel authorized AMD to avoid being split up, and Microsoft lent money to Apple to tide over the difficulties in order to avoid forming a de facto monopoly.

It was not that there was no ability to unify the market at that time, but that the external environment did not allow it. The price of going further would be to be attacked by everyone.

As the old saying goes, blessings cannot be fully enjoyed, potential cannot be fully utilized, and when there is no more room for improvement, prosperity will inevitably decline.

"But will President Ma agree to your proposal and join forces to deal with Tenpay? And the one you mentioned, he wants to save the other party from starvation, but he also feels that it is profitable and he is unwilling to let go.

You also want to prevent Tenpay from developing and threatening your dominance. This is typical of you wanting this and that. Are you beating around the bush here?"

The biggest difference between Dong Ge and Li Zehua is that he has had little exposure to the capital market before, and his views on many things are still superficial.

Of course, in the original time and space, he would rather not understand than end up being criticized and scolded by thousands of people. Starting from scratch and being embraced by capital, he would definitely be deeply trapped in it and completely lose himself in the end.

Because the nature of capital and human desires tend to be consistent, once one has tasted the unbridled recklessness and released the dark side of one's heart, no one can turn back.

Even if you wake up halfway, repent and want to get rid of the control of desire, it is useless because there are a lot of dark histories and handles in the hands of others. You have to grit your teeth and continue to enjoy it.

Or would you rather choose to be disgraced, lose everything and be forgotten?
I believe that everyone who has ever stood at the center of the stage has a deep understanding of this.

Zhang Lei coughed and said, "Mr. Li, I am still a legitimate investor of Tengda. Please give me some face."

"Fuck, Mr. Shen Nanpeng came in and didn't even say a word, how dare you represent Tengda?"

Li Zehua whistled to greet Shen Nanpeng who had just arrived. The latter smiled helplessly and said, "If Xiao Ma knew that you were making up stories about him behind his back, he might rush over to get you drunk overnight."

"That's perfect. With him here, we can get together for an Internet community gathering."

As Li Zehua was talking, he felt something was wrong. He looked at the dozen empty seats in the private room and counted with his fingers, "It seems that only he and Ding Sanshi are missing."

Shen Nanpeng asked as soon as he entered the door, and pointed with his finger: "Qingyun, Ali, Qiandu, Jingdong, Redwood, Gaoling.

Later, there will be Mr. Zhou from 361, Mr. Zhang from Sohu, Mr. Wang from Sina, Mr. Xiao from Weifuli, and several friends in Beijing. It will be more complete than an Internet conference!"

"That's right. Mr. Li usually stays at home and has not attended several conferences."

Zhang Lei smiled and joked: "If you don't come, half of the Internet will be absent, making it seem like we are just entertaining ourselves in the past."

As he spoke, he spread out his fingers and counted them, "Pinxixi, WeChat, Weifuzhi, Yunyunbang, Fengniao, Amap, Shunfeng Travel, Qingyun Bicycle, Qingyun Software...

Are you still a human being? Others at least have a main business project when they do business, but you are the best in the industry. Mr. Li, please give me a way out!"

Shen Nanpeng was laughing nearby because Qingyun Investment also opened up the right to purchase industrial funds to Sequoia Capital. He invested more than 2 billion yuan in one go and is currently one of Qingyun's major shareholders in theory.

The phrase "sharing the blessings together" is very appropriate here. Even Jack Ma and Li Yanhong themselves secretly bought some industrial fund shares in the name of their investment companies, if there were no business conflicts.

Maybe we are all one family.

Of course, Shen Nanpeng and Zhang Lei will not be satisfied with just a portion of the industrial fund shares. They want more, but there is no suitable opportunity to buy shares now.

Brother Dong doesn't care at all. The money to buy the shares was lent to him by Li Zehua, so he is not afraid of having a lot of debt.

While everyone was chatting and bragging, Jack Ma and Li Yanhong came in side by side, followed by Zhang Chaoyang, who was very sober, and Zhou Hongyi, who always wore red wherever she went.

The two big guys, who had developed better than in their original time and space with the support of Qingyun funds, were talking and laughing at this time.

But after coming in and greeting each other, no one sat near the round table, but chose to chat with friends on the sofas and coffee table chairs around.

This is the most polite thing to do in an awkward situation. It is really embarrassing because no one knows how to arrange the seats. If Jack Ma and Li Zehua were in another situation, they might even fight.

It doesn’t matter who the heads of several venture capital firms are, but Mr. Wang of Sina will definitely follow Mr. Ma, and Mr. Zhou of 361 will definitely follow Mr. Li.

If Li Yanhong from Qiandu hadn't come, it would have been easy to deal with. With Mr. Ma and Mr. Li as the center, the left and right would have just not interfere with each other.

The key point is that at this time, Qiandu's market value has historically exceeded 10 billion US dollars due to its explosive performance in the fourth quarter of 11 and the first quarter of 500, surpassing Tenda, whose stock price plummeted due to short selling.

As the world's third largest Internet company by market value after Microsoft and Google, it would be inappropriate for him to take action against anyone.

After losing the traffic from Tenda, Qingyun placed a series of large orders on Qiandu. Ali was not far behind either. With the support of SoftBank Capital, it invested heavily in Qiandu and competed with Pinxixi for search rankings and links.

Speaking of which, Li Yanhong is grateful to these two from the bottom of his heart. Let's fight. The harder they fight, the more stable Qiandu's position will be and the more money they will make.

Taking advantage of the gap when some people hadn't arrived yet, Jack Ma stretched out his hand and gestured to Li Zehua before Li Yanhong could speak, "Mr. Li, let's chat."

"please."

Li Zehua found a corner with him, and as soon as he sat down, he spoke first: "Today we are only here to drink, and if we want to talk about work, it will only be limited to the payment system business for Tenda.

As for the rest, Mr. Ma should take it back, and let everyone compete based on their own abilities.”

In e-commerce, international trade, logistics and express delivery and other businesses, Ali and Qingyun have irreconcilable conflicts. Ali has even formed an alliance with Tengda to deal with Qingyun together.

But in the payment business, Jack Ma and Li Zehua obviously have greater common interests, no matter whether Squid Capital will eventually use Internet finance to achieve some ulterior motives.

At least at this stage, the two must choose to coexist and cooperate.

Jack Ma wanted to take the opportunity to talk about the express delivery business, but was blocked by Li Zehua. Seeing that he was about to turn around and leave if the discussion failed, he had no choice but to say, "Everyone knows the cause and effect, so I won't waste words here.

Ali will enjoy priority in patents for hardware and software such as QR code scanning, facial recognition and fingerprint recognition in accordance with the shareholding agreement of Qingyun FaMa Group.

Whether it is mobile phone hardware installed by Qingyun Electronics or software services downloaded through Qingyun App Store, they must unconditionally support Ali in terms of technology. "

"can."

The management of the two companies had had multiple rounds of private contacts before, and some details had already been agreed upon. What remained was just the general direction that needed to be confirmed by the actual controllers of the two companies.

Jack Ma continued, "Mr. Sun Zhengyi has fully agreed to the prerequisites for Qingyun's business to enter Jiaobenji."

"Wait, verbal agreement is useless. He failed to reach an agreement with Mitsubishi, Toshiba, and Sony. The group spent hundreds of millions of dollars to barely reach a cooperation agreement."

Li Zehua immediately refuted, briefly talking about photolithography technology, semiconductor display panel production and preparation process, and technology licensing, and then said:
"Since Mr. Sun did not fulfill his promise, the 55- split we agreed on previously is naturally invalid."

Jack Ma thought that he was going to take the opportunity to ask for more benefits, but Li Zehua changed the subject and took a step back, saying, "I don't need management rights, but SoftBank needs to contribute more in terms of investment ratio.

To make up for the group’s losses.”

Jack Ma couldn't figure out what he was up to and didn't dare to agree for the time being. He said he would only agree after exchanging opinions with Sun Zhengyi.

"Okay then. I'll wait for your good news."

Li Zehua did not ask for an answer on the spot. It would be enough for him to have a middleman to convey his attitude clearly. He was not interested in just a small amount of funds.

But they don’t want to be bound by the interests of others. Once the interests involved are too great and the initiative is in the hands of SoftBank, they will be stuck in a dilemma. What should they do?
Jack Ma thought about it for a moment and figured out the interests involved. He couldn't help but give a thumbs up and said, "I can still stick to my original intention in the face of huge profits. I can't do that at your age.

No wonder you were able to accomplish such a great feat right under our noses."

His voice was bitter when he spoke. When Qingyun was rising in the takeout and express delivery industry, Ali actually had a great chance to strangle it in the cradle.

After all, the basis of same-city delivery is express collection and delivery, and more than half of the business of the Tongda Group comes from Taotao.

But at that time, a dispute over payment and equity suddenly emerged, and Yahoo refused to let go. Ali was forced to devote all his energy to the negotiations. When he came back after the talks, he found that his house had been robbed.

Qing Yun actually used only one year to create Pin Xixi, and he even used his abandoned general Sun Tongyu to build it. It's really weird.

At this point, he was not as angry as he was at the beginning, but what made him speechless was that when he mentioned it, Li Zehua shook his head faster than a rattle, "That's not true, don't talk nonsense, I'm suing you for defamation!"

"You are a jerk who dares to do something but not take responsibility for it."

Jack Ma couldn't help but curse in his heart, but there was indeed no evidence to prove that Qingyun was the one who reported him, so he could only let it go.

Then, the two of them exchanged a series of opinions on how to trick Tengda.

“It’s not difficult to get Tengda to take the bait. Tony Ma has a group of people behind him waiting to share the benefits of Internet finance. You’ve been so successful in Southeast Asia that even Li Bancheng has taken the initiative to jump out.

He even wanted to invest in some American foundations to pay for the insurance, but I blocked his request. "

Jack Ma is also a person who can take it or leave it, otherwise the original time and space would not have been tossed around for so long before being defeated by the superiors who could no longer tolerate it and had no way to retreat and broke the rules.

Don't think it's so easy to issue an order. Even in a county as small as one, those white gloves that have industries, provide thousands of jobs, and contribute tens of millions of taxes can in turn influence people's will.

This makes everyone, from top to bottom, afraid of disrupting the prosperous situation (the key is fear of offending people), and even makes them as big as Ali, with a market value of over one trillion yuan, a business leader who is implicitly a benchmark for private enterprises.

How many exchanges must be made behind the scenes and how many forces must be appeased before a compromising decision can be finally made?
Therefore, don’t underestimate any big figure at the center of the stage. Their rise is no accident, and their fall is not simply the result of a wrong choice.

To put it bluntly, it's all about the collective interests behind the scenes. Many things have been decided at the beginning, and in the end the winner is determined by the size of each person's fist.

Tony Ma said, "You, me, and Xiao Ma are not the same people. For the core interests of the instant messaging field, Xiao Ma and I can put aside our past grievances and come together.

For the benefit of the Internet finance business, we can temporarily join forces to deal with Tengda, but we each get what we need. The rest of the business will be decided by market means."

"of course."

Li Zehua first explained to Jack Ma some of the things that Gu Shijie negotiated with HSBC, and then said: "The most troublesome problem for me now is that Tengda does not have a payment scenario channel.

You have Taotao, and I have more.

But even if we open up offline payment channels to Tenda, it is unlikely that it will be able to successfully break through the hands of you and me."

"When I came here, I tried to invite Ding Sanshi, but guess what?"

Jack Ma did not answer, but talked about another matter, “He said that Aunt Wang’s choice had already been discussed with Tengda.

When I passed by the Magic City, I heard that Tengda’s people were visiting Shengda, and Chen Tianjiao would go to Pengcheng to visit Tony Ma in the near future. "

"Game value-added services?"

Li Zehua was shocked, but then he asked in confusion: "I can understand Shengda and Tengda's cooperation. After all, Chen Tianjiao made boxes, and was attacked by the radio and television. Now he has fallen into a development slump.

But Ding Sanshi, what does he want? "

I am very curious, because Aunt Wang has also connected to the micropayment system and once showed signs of joining the Qingyun camp, and now she is cooperating with Tenda?

Jack Ma explained: "In the gaming business, Tengda and Shengda, Auntie Wang said it is not an exaggeration to say that the world is divided into three parts. I used to think that Ding Sanshi could maintain a transcendent position by holding most of the shares.

Now I understand that as long as you go public and accept capital injections, you will not be able to escape the impact in the end. Don't forget that no matter what, Tenda is still the most influential company on the PC side.

The Chaozhou porridge behind it and some capital behind me can work together to offer Ding Sanshi a bargaining chip that he cannot refuse. Besides, it doesn't mean he has to take sides completely.

I'm just expressing my support for Tengda. Are you going to fall out with Ding Sanshi because of this?"

Li Zehua held his chin and looked at him seriously for a few seconds, then asked a question, "Did Fuzhibao also go in?"

Jack Ma chuckled. No explanation was the best answer. There was no profit, so how could he possibly get involved?

Li Zehua thought seriously for a moment and finally gave an answer, "Okay, you guys have already discussed it before you come to talk to me, but I can accept it."

"That's it? Shouldn't you have a good talk with Ding Sanshi, or even fight with him if they disagree?"

Jack Ma was quite disappointed, as he wanted to take the opportunity to take over Qingyun's share.

Li Zehua sneered, "You're dreaming. Qingyun doesn't have any support in the gaming field. I finally have Aunt Wang's support. You want me to destroy the Great Wall myself?"

Then he stood up and said: "Qingyun Micropayment has many payment scenarios and traffic entrances to support it, Ali has Taotao's basic support, and Tengda has obtained game value-added services, so the three major players have already formed a tripartite alliance.

The rest depends on one's own ability. Everyone has equal opportunities. I hope Mr. Ma can give a message to the people behind you. I have fulfilled my promise. I hope they can use fewer tricks in Southeast Asia.

Otherwise, if we fall out, it will be bad for everyone.”

Jack Ma stood up and said, "Okay, okay."

Seeing that the two parties had finished their conversation, the others stood up.

In the arrangement of the main seat, since Qiandu Li Yanhong was the head of the company with the highest market value present, and in order to balance the conflict between Qingyun and Ali, everyone unanimously recommended him to sit in the middle.

The remaining ones are Li Zehua on the left and Jack Ma on the right. The entrepreneurs with close cooperation relationship between the two sides follow the trend, and the heads of several venture capital companies cleverly separate the people at the other end... (End of this chapter)