I am the only one who practices magic: I practice magic in the city

Chapter 402 The Real Rival (5350)

After hearing Wang Fujun's words, all the entrepreneurs couldn't wait to turn to page 7 of the report.

Less than half a minute later, someone at the scene couldn't help but let out a low exclamation.

Isn’t this standard too high?

The mere requirement that the size of the bidding companies must have an annual turnover of no less than 150 billion Da Zhou coins or a market value of no less than 800 billion Da Zhou coins eliminated more than half of the companies present.

In this case, wouldn't it mean that only four or five companies would be eligible to participate in the bidding?

Even the newly emerging ByteDance and Maituan are a bit struggling.

ByteDance and Maituan are gaining momentum, and their turnover should not be far from 150 billion. Their current valuation exceeds billion yuan, and is not far from billion Da Zhou coins.

Almost everyone couldn't help but glance at those big bosses and felt jealous.

Why do they own all the good things? Don't they give small businesses a chance to survive?

Although there are some complaints in their hearts, everyone knows that once the acquisition of key enterprises is involved, no matter which country it is, it needs to go through approval and pre-qualification. This is a routine operation.

There are countless cases where the buyer and seller have reached an agreement but ultimately failed due to failure to obtain approval from their country or Zhengzhi entity. This is not uncommon in both Miami and Europ.

For example, China rejected the acquisition of Blockbuster Danone, the United States rejected the acquisition of Dubai Port PO Company, the United States rejected Zhou Haiyou's acquisition of Unocal, China rejected BHP Billiton's acquisition of potash fertilizer giant PotashCorp, and Italy rejected the acquisition of West Bay Abertis Highway...

Not only cross-border acquisitions may be rejected, but domestic acquisitions may also be rejected.

For example, Korea vetoed Samsang's acquisition of Korea Shipyard, the United States vetoed ATT's acquisition of Tmobile and Staples' acquisition of Office Depot, and the United Kingdom vetoed the merger of Asda and Sainsbury's...

In this regard, the Great Zhou Dynasty has been criticized a lot.

But in fact, among the major countries, Da Zhou has used the least administrative orders to intervene in capital market acquisitions.

The country with the most acquisitions was the United States, followed by the Kingdom of Mai. As for Japan and Goryeo, they directly enacted laws to prohibit foreign companies from acquiring many industries.

Japan does not only have legislation, but also has many non-governmental organizations and associations with similar regulations, making it impossible for foreigners to conduct independent business in the local area.

For example, in the action film industry, there is no explicit control over foreign investment in this industry, but if you want to get in, you can’t find actors or distributors, and you will be subject to various investigations.

Fang Daqiang has a friend whose son went to study in Japan. After graduation, he didn't want to go home to inherit the family business, but wanted to set up an action film production company in Japan.

After three years of hard work and spending several million dollars, I only took a few more classes from other teachers, but in the end I still didn't get the license.

Basically, not only large enterprises and high-tech enterprises, but also enterprises with international strategic positions and enterprises related to national economy and people's livelihood will face this problem when making acquisitions. This is a common sense issue for all the bosses who came to the meeting, so no one was surprised by the above statement.

These things are basically common sense to all the big guys present here, so no one is really dissatisfied with the above requirements.

Moreover, this time the higher-ups have directly drawn the line and set corresponding standards, which is much better than negotiating with representatives of the original shareholders for more than half a year, investing tens of millions of dollars, only to fail at the final approval stage.

It seems that this time, two horses will have to compete in the same stable again.

Not interesting.

Zhang Chaoyang just casually flipped through the report and then fell asleep.
-
When Ma Yun saw the seventh page of the report, his eyes suddenly became excited and lit up.

Isn't this custom-made for Ahri?
Could it be that the higher-ups really want Ahri to take over Chihiro?
Page 7 of this "Qianxun Company Market Risk Assessment and Relief Plan Research Report" is already the second part of the report.

First, it said something like "In order to ensure the continued stability of the Internet market in the Great Zhou Dynasty, protect data and information security, and regulate the market competition order, Yian Prefecture, Taifu Temple, Dongguan and Pingzhengsi jointly formulated the following acquisition approval standards, which are applicable to potential bidding companies that intend to acquire Qianxun Company, and serve as the basis for market access and bidding review..." This kind of nonsense was followed by seven very complicated but clear standards.

The first article stipulates the nature of the enterprise, requiring that the acquirer should be a Dazhou Internet company, and foreign-controlled Internet companies and institutions are not allowed to bid for the target company.

Due to the particularity of Da Zhou Internet Company, the statement also specifically mentioned that companies with multiple equity structures such as BIV should be based on the actual operating entity.

If the following sentence is not added, no Internet company will be able to participate in the bidding.

There is nothing much to say about this. It was already expected by everyone. If foreign capital is accepted as controlling shareholder, it will be a big event.

第二条企业规模的规定就有点意思了，这一条要求竞购企业需连续三年营业额不低于150亿大周币或企业估值截止3062年7月31日前不低于800亿大周币。

Isn't this just throwing out second- and third-tier Internet companies like Sohu, Xinglang and Momo?

In fact, he was not sure whether he could capture Qianxun and have a piece of meat.

For similar matters, before holding such a briefing, many results have actually already been decided, it is just a matter of going through the procedures.

The problem was that the Qianxun incident broke out too quickly, leaving him no time to operate. The information he got from other people was similar, and he didn't hear any inside information.

Moreover, he did not have the determination to take down Chihiro. After all, both Ahri and Tengxun had caused a lot of controversy because the slabs were too big.

If he acquired Qianxun at this time, he would feel it was unacceptable not to be subject to antitrust investigation.

As long as it’s not Penguin or the Penguin-affiliated group JD.com that acquires Qianxun in the end, he can accept it.

But now judging from this first requirement, it seems that the higher-ups are more eager to solve Chihiro's problem and are not opposed to Ali or Tengxun taking over Chihiro?
After all, the scale of the enterprise alone has already excluded second- and third-tier Internet companies such as Xinglang, Sohu, and Momo.

The earliest generation of Internet tycoons, companies like Xinglang and Sohu, have been left far behind by the market.

The portal websites that were once extremely prosperous have now long since become third-tier enterprises. Last year, the turnover of these two companies was less than 300 billion, let alone 100 billion Da Zhou coins, and the market value of the companies was only more than billion.

They cannot reach any of the lines set out in this report.

At present, the only ones that Da Zhou can confirm meet this standard are the Big Three, JD.com, and the two online video platforms, Maituan and ByteDance, which have been gaining momentum in the past two years.

Oh, yes, and fantasy.

However, Yang Yuanqing, who had just asked Fantasy, didn't seem to be that interested in Qianxun. Fantasy didn't even have the technical reserves for basic search engines and cloud computing.

Thinking of this, Ma Yun's mind couldn't help but become active.

There is no need to consider buying a group for the time being. They are now engaged in O2O in full swing and it is impossible to divide their forces. If Wang Xing dares to divide his forces to snatch Qianxun, then Ahri will let "Have you eaten?" steal his home!

By then, Wang Xing will be in big trouble.

Two birds in the forest are not as good as one bird in hand. If Wang Xing doesn't know what's good for him, I don't mind letting him not get any bird!

Thinking of this, Ma Yun glanced at Wang Xing and snorted in his heart.

Some time ago, Wang Xing accepted investment from Penguin and completely eliminated Ahri's forces from the group buying, which tricked him. He was very unhappy.

Without having to consider Maituan and JD.com, the only competitors left are Penguin and ByteDance.

Ali and Penguin’s biggest rivals in the Qianxun acquisition are ByteDance!

Ma Yun made a quick judgment in his mind.

Qianxun is not only one of the three pillars of Da Zhou's Internet, but also the entrance to almost all data and the most important link in Da Zhou's data security. If there is a problem with Qianxun, it is not just Qianxun's own problem.

Therefore, the bidders for Qianxun will inevitably have qualification requirements, and they must select an acquirer who is most capable of taking over Qianxun and ensuring that the situation is settled.

Two Ma, one Dong and a ByteDance may be the best choice.

Maituan and JD.com barely qualify, but it is obvious that their business has nothing to do with search, and it is impossible for the higher-ups to let Wang Xing and Da Qiangzi win the bid.

It is hard to say whether the older generation of Ma or the new generation of ByteDance will win the bid in the end.

It depends on whether the higher-ups tend to favor short-term stability or take the long-term into consideration.

If one tends to be cautious in the short term and calm the situation quickly, then the two Ma's have a greater chance of winning. If one considers the long term, supporting a new competitor and allowing the Great Zhou Internet to return to a three-way balance of power may be a better arrangement.

ByteDance is a rising star in the domestic Internet industry. Since its establishment four years ago, it has developed rapidly in the past two years. Although it is still a private company, its Toutiao app has already accounted for 3% of the total domestic Internet advertising.

It may not sound like much, but you have to know that even the current traffic king, Penguin, only accounts for 9%.

The advertising revenue of Toutiao alone is equivalent to one-third of Penguin, and it is still rising rapidly!
The current valuation of ByteDance in the capital market has exceeded 120 billion yuan. Last month, Red Mountain led the D round of financing for ByteDance, with a valuation of billion yuan, which is similar to the valuation of Youzi Technology. However, in terms of company size and turnover, ten Youzi Technologies and Ysou combined are not as good as one Toutiao APP. Oh, by the way, there is also Ysou, will Ysou also participate?
No, they have been established for less than a year, so they are not qualified yet. Fortunately, looking at their momentum, they may cross this line in another year.

If Youzi Technology is included, the valuation is sufficient, but its industry influence is still far behind that of the other companies.

After all, it has not even been a year since its establishment.

According to the consistent style above, from a risk perspective, Ysou and Youzi Technology should not be considered.

No matter how advanced they are in the field of large-scale artificial intelligence models, and no matter how fast Ysou is developing now, the lack of experience in solving problems cannot be made up for and can only be compensated by time.

Therefore, the competitor that we need to be most vigilant about is ByteDance!
This company has both the background and the technology. It is a global leader in the field of algorithms and has ample cash flow. It is entirely possible for it to acquire Qianxun!
After all, the secondary market selling valuation of Qianxun after the suspension did not exceed 6 billion Malaysian dollars, which was far lower than the 15 billion on the last trading day before the suspension.

Even if there is an acquisition premium, even if the premium reaches 10 billion, it is still 100% profit!
For this kind of business, it is not too easy to obtain financing! Various investment companies will rush to lend you money.

Before Qianxun's series of accidents this year, its market value exceeded 300 billion Malaysian dollars, equivalent to more than billion Da Zhou coins.

In this way, the capital market generally believes that the capital market underestimated Qianxun's stock price because Qianxun relied too much on the advertisements of Putian medical institutions.

It’s not that the capital market is very conscientious, it’s mainly a risk issue.

After all, the Putian Group is obviously a chaotic product of a transition period. Once this period is over, the Putian Group will either be banned or will have to transform. Whether Qianxun can still maintain such a profit margin at that time is a huge risk for the capital market.

Based on Qianxun's current turnover, profits and the industry it is in, Qianxun's reasonable market value should be at least 800-1000 billion yuan.

There are even many professional investment institutions that believe that if Qianxun is privatized from Maigu and listed back on the A-share market, it will easily be able to obtain a trillion-dollar Dazhou coin market value.

Penguin...Bytes...

Ma Yun quickly calculated the pros and cons in his mind.

Now it seems that if Ali wants to compete for the acquisition qualification, the possibility is quite high. The question is, will Ali participate in this bidding?

Must participate!

After only a few seconds of consideration, Ma Yun made up his mind that he must participate in this competition.

What if I don’t participate and the penguin ends up being responsible?
It’s also hard to accept that it fell into ByteDance’s hands.

Although the concept of traffic has only been around for less than two years, it still makes sense.

ByteDance has now taken the lead in content distribution. If it also controls the search entrance, it can be said that it controls half of the Internet traffic.

It doesn’t matter if Ahri has the other half.

But the other half is in the hands of the penguin!

If Qianxun falls into the hands of ByteDance or Penguin this time, in a few years, Ali's traffic will have to depend on the attitudes of these two companies.

In fact, Taomao has invested a lot of promotional fees on Toutiao.

As for whether there will be suppression after the acquisition, that is a matter for the future. At that time, if it really doesn't work, we can split it up. We will definitely make a profit and we can also distribute some benefits.

Ma Yun flipped through the report for a few minutes, thinking quickly in his mind, and considering all the difficulties he might face.

Judging from the painful expression on the face of the guy next to me, he should be thinking the same thing as me. I guess they have to participate too.

It's like an arms race, I don't have it and neither do you, okay.

But you have it and I don’t, no!
I was forced to do this. Ma Yun couldn't help but sigh.

After taking a quick look at the next few requirements, Ma Yun could basically confirm that these requirements were not a problem for Ahri.

Requiring companies to have experience in search engines and an existing team is of course no problem. Ali acquired UC two years ago, and it already has a Shenma search engine under it, but its market share is relatively low.

This small team has been doing quite well in recent years. Some time ago, they used the Chrome kernel to develop a Quark browser and Quark search with only a few million dollars. It is said that the technology is quite good and has some unique features in data compression.

The remaining requirements are even less relevant.

What about transparency in finance and funding sources? I have so many financial staff and the company’s CEO is a finance background. How can I be stumped by this requirement?
There are also requirements for corporate governance and stable operation plans. This should be to restore Qianxun's access as soon as possible. I need to communicate with Huang Jian to see if it is difficult. But if Ali can't do it, other companies are even less likely to do it.

As for requiring companies to have the ability to fulfill their social responsibilities and to fulfill their social responsibilities, the main thing is to provide more employment opportunities and lay off fewer employees.

This is a bit difficult. Now is the AI ​​era, and the application of large models can replace a large number of repetitive jobs.

At a meeting a few days ago, I heard Zhang Yong report that Ali has now begun to formulate a layoff plan for next year, planning to reduce 12,000 jobs in batches within two years.

However, this kind of requirement is just for reference. The higher-ups will not really use it as a criterion, otherwise it would not be included in the last few standards.

"Everyone has read enough. Of course, I also know that it is impossible for everyone to make a decision in such a short period of time. However, Qianxun's matter cannot be delayed. Let's put it this way. We will give you one day to submit your registration materials before 4:30 tomorrow afternoon."

Wang Fujun took a sip of tea, and seeing that everyone had finished reading, he spoke leisurely.

"Of course, if you have decided to participate now or have decided not to participate, you can also tell us now so that we can prepare in advance."

Ma Yun's eyes flashed, and just as he was about to raise his hand to sign up, he heard a weak voice coming from four or five seats away from him.

"Lord Wang, Byte will not participate in the bidding for Qianxun."

! ! ! ! !

Ma Yun turned his head suddenly and saw a man with glasses who looked unremarkable even in a crowd licking his lips nervously.

It’s really Zhang Yiming!

What did he just say? ByteDance is not participating in this bidding?
What did he think?

Retreat to advance?

Wang Fujun's eyes flickered, and it was hard to tell what emotion he had. He just smiled and said, "Boss Zhang, are you sure?"

Zhang Yiming pushed his glasses nervously. "The bidding for Qianxun is a rare opportunity, but our current projects have taken up a large amount of funds. We are not listed, so our financing channels are limited and our cash flow is tight."

"Furthermore, Qianxunzi's matter is of great importance. The acquirer must do what it has promised. Otherwise, it will undoubtedly add fuel to the fire under the current dire situation and will be a heavier blow to the Great Zhou Internet."

"Therefore, adhering to the responsible attitude, Wang Fujun, Qiao Situ, Zhang Siqing, Byte confirms that they will not participate in this bidding."

After saying that, Zhang Yiming lowered his head and remained silent like a socially anxious teenager.

Ma Yun thought about it carefully and immediately realized that Zhang Yiming seemed to be going all in on the short video platform.

It is no secret in the industry that ByteDance is developing a short video platform. Since the second half of last year, ByteDance has been recruiting algorithm talents and has also established an A.me project team internally. Relevant information has long been circulated in the industry.

Moreover, in the previous period, ByteDance also took the initiative to warm up the news of the upcoming launch of short videos in the media to build momentum for its future products.

It is said that the R&D expenses for this product alone exceeded one billion dollars. If future operating expenses are taken into account, it is not impossible that ByteDance will be short of cash flow.

ByteDance has voluntarily withdrawn!

So, my real competitor is still you, my old friend!
Ma Yun's gaze subconsciously turned to Ma Hua Teng beside him.

Coincidentally, Mahua Teng's gaze was also looking at him.

When their eyes met, sparks seemed to fly in the air.

"Mr. Wang, Ysou is participating in this bidding with Yuzu Technology as the main body."

Just as Ma Yun was getting more and more eager to fight, a lazy voice came from behind him.

Fang Yu! ?
(End of this chapter)