At that time, Alibaba, Amazon, Taobao, Flix, Pandora, and other websites had not yet officially launched in the United States, but major investment companies were already eager to invest in them.

Moreover, the valuation is also very high.

Starting from April 1st, executives at major websites have been primarily busy with fundraising.

However, e-commerce websites are different from portal websites; the former have great development potential.

Therefore, even when raising funds, Zhao Ye does not intend to give up too many shares.

...

Alibaba website company.

Looking at his competitors, SoftBank's Son Jung-eui couldn't help but feel frustrated and powerless.

There are too many competitors. Everyone wants to invest in Alibaba's website. SoftBank's scale is far smaller than that of investment companies like Goldman Sachs and Sequoia Capital.

Moreover, Alibaba's valuation has been inflated to $8 billion!

Sun Zhengyi has now had to withdraw from the competition and leave the stage with regret.

"This is insane! SoftBank can only invest in startups!" Son Jung-yi shook his head and sighed, walking out of the building with a dejected look on his face.

"Are there any startups with more development potential than the internet companies under the Wujiang Group?"

"Do we at SoftBank still have a chance?"

Sun Zhengyi felt bewildered.

Zhao Ye stood by the office window, watching Sun Zhengyi and his group leave. He couldn't help but sigh that things had changed and people were no longer the same. The once-famous Sun Zhengyi would probably never be able to achieve what he had in his previous life.

In its previous life, SoftBank rose rapidly because it invested in companies such as Yahoo and Alibaba.

In this life, SoftBank has no opportunity to invest at all; the companies that can cooperate with Wujiang Group are all big names.

"Times create heroes, and now, people like Jack Ma, Pony Ma, and Robin Li will most likely fade into obscurity. However, Robin Li is a technical genius, so perhaps he will stand out..." Zhao Ye sighed.

"Alas, if Heaven had not given birth to me, Zhao Ye, the world would have been plunged into eternal darkness. How lonely it is to be invincible!"

...

...

Two weeks later, Alibaba, Amazon, Taobao, Flix, Netflix, and other websites were launched in the United States.

The American public had long heard of these websites, so they attracted a large number of users as soon as they went live.

Of course, local American websites are also very powerful, after all, they have been around for so long and have many loyal users.

Moreover, many websites in the United States are now banding together to cooperate and jointly resist the attacks from various websites under the Wujiang Group.

In the fight for market share, an e-commerce war has been launched, with companies burning through cash on advertising and offering subsidies to consumers.

American websites also have a lot of investor support, so these websites are actually quite wealthy.

The money-burning war, the hesitation to add fuel to the fire, it's endless, in the end we'll see who can't hold on any longer.

However, this was not Zhao Ye's original intention.

Even if Wujiang Group has money, it will not participate in this bottomless money-burning war.

Amazon has begun building its own warehousing and logistics network in the United States.

Taobao is heavily promoting the idea that everyone can open a store for free and that e-commerce is accessible to everyone.

Alibaba, by leveraging the resources and connections of Wujiang Group, has built a large-scale e-commerce platform connecting multinational corporations!

With the support of Internet Explorer and navigation websites, websites like Alibaba, Amazon, Taobao, Flix, and Pandora won't necessarily lack traffic, but whether they can ultimately defeat their competitors and become the industry leader remains to be seen.

Not long after, Alibaba completed its first round of financing, giving up 20% of its shares to raise $2 billion, bringing Alibaba's post-investment valuation to a staggering $10 billion!

Following suit, other websites also received investment.

For example, Amazon raised $3 billion, and Taobao raised $2.5 billion...

Although each website received a very high amount of funding, major investment companies still rushed to invest because these websites had already established themselves in markets outside the United States and had enormous commercial value.

Now, after entering the US market, it has also performed well, making rapid progress and experiencing a surge in users.

Zhao Ye was satisfied with the development speed of the major websites and allowed them to develop freely for the time being.

The only requirement is that after receiving funding, major websites should use the majority of the funds to develop the Chinese market, including placing advertisements on television and sponsoring various variety shows; e-commerce websites should offer substantial subsidies to stimulate online shopping among Chinese users; and investment should be made in network infrastructure to improve the user experience.

Zhao Ye hopes to accelerate the development of China's internet through this money-burning approach.

Anyway, this money belongs to a foreign investment company, so I don't feel any pain spending it.

If they run out of money, they'll launch a second round of financing or raise funds through an IPO to continue ripping off foreigners.

Starting in May, the development of the domestic internet entered a period of rapid growth.

The internet began to sweep the nation, and more and more consumers started shopping online, leading to the booming e-commerce economy and the development of the entire industry chain.

Tens of thousands of domestic enterprises have started to conduct foreign trade through Alibaba's website, and the scale of their operations is growing day by day.

In order to increase its brand awareness, Alibaba spared no expense in advertising on television.

"Alibaba.com makes it easy to do business anywhere!"

"Businesses all over the world are on Alibaba, seizing opportunities and achieving their dreams!"

"In the past, there were no connections to do foreign trade; now, all you need to do is log on to Alibaba!"

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