Chapter 150: When I was 19 years old, I only had 10 billion cold dollars in my heart (asking for monthly tickets)
September 19th, Ali headquarters in Hangzhou.
Last time, Chen Yansen visited Alibaba as a partner, but this time he became a seller.
The only difference is that what he sells is not products, but companies.
After the acquisition is completed, FoxTao's shareholders will change from the original four (Senlian, Siwei, IDG, and Tencent) to multiple shareholders.
Lotte and Augusta decided to exchange Ali’s shares while retaining part of New Fox Tao’s shares.
After Yitao is merged into FoxTao, a new FoxTao will be established and operated as an independent business unit.
"Boss, we're here." Gao Weilin parked the car and reminded in a low voice.
Chen Yansen responded, unbuckled his seat belt and got out of the car.
Six well-dressed men and women got out of a business car behind them. Among them were financial analysts and legal consultants. Together with Gao Weilin and Ye Qiuping, they were the core members of FoxTao's negotiations.
Song Yuncheng, who was standing aside, looked at Chen Yansen with complicated eyes.
This man doesn't speak a word that is true.
In early September, he held a staff meeting and announced with great confidence that the rumors about the sale of FoxTao were all false.
Now she understood that the financial analysts and legal consultants hired by Chen Yansen were all in preparation for the sale of FoxTao. However, she was secretly delighted that Chen Yansen brought her instead of Mengjie to such an important occasion.
At this time, Zhang Yong and his assistant came forward quickly, shook hands with Chen Yansen and said, "Mr. Chen, welcome! Mr. Ma and the people from Lotte and Augusta are here."
"Then let's get down to business first." Chen Yansen smiled slightly, his tone calm.
In 2011, Ali's headquarters had not yet moved to the Xixi Park, and was squeezed into the Paradise Software Park together with other Internet companies in Hangzhou.
The group took the elevator directly to Building G on the 10th floor.
"Ding!" The elevator door slowly opened.
Zhang Yong led Chen Yansen and others straight in and stopped at the door of a spacious conference room.
"Mr. Chen!" Several familiar greetings immediately came from inside the room.
Ma Liyun sat with a middle-aged man wearing glasses, while Augusta sat with a petite woman. There were a few empty seats in the middle, obviously reserved for Chen Yansen and others.
"Mr. Chen, let me introduce you. This is Wu Cunhe, the president of SoftBank China."
Village grass?
It sounds like he is just an ordinary person and changed his surname to a Chinese one.
Chen Yansen nodded slightly and said nothing. As everyone knows, SoftBank is an important investor in Alibaba. Ma Liyun was able to buy back the 40% stake from Yahoo thanks to SoftBank's support.
Even when acquiring FoxTao, SoftBank sent representatives to participate.
"Mr. Chen, this is Ms. Su Jingzi, the representative of Lotte." Augusta's investment manager Jody introduced Chen Yansen.
Chen Yansen stretched out his hand and smiled politely at this 'sucker'.
These people who came to China to do business were afraid of being hated, so they changed their appearances and kept a half-hidden appearance.
Little do people know that Chinese people don’t use this way of naming at all.
"Mr. Chen, I've long heard of your name." Su Jingzi, whose real name is Mikitani Jingzi, looked at Chen Yansen with burning eyes.
It is surprising that this boy, who is less than 20 years old, is the protagonist of today.
The other person was tall and handsome, like a man who walked out of a comic book. Even the knowledgeable Su Jingzi couldn't help but sigh: Chinese men have really good genes.
"Mr. Su, nice to meet you." Chen Yansen glanced at her and responded indifferently.
Everyone took their seats and the negotiations officially began.
The quotation has already been communicated online. The key points that need to be confirmed now are nothing more than the valuation of Yitao, the shareholding ratios of Lotte and Augusta after the merger with FoxTao, and other information.
Among the original shareholders of FoxTao, IDG plans to exchange its equity for Ali equity, while Siwei and Penguin Investment have decided to exit and cash out in advance.
The 20 billion valuation is undisputed. Based on the 74.48% stake held by Chen Yansen, it is close to 14.9 billion yuan.
With this money, the expansion speed of the Orange factory can be greatly improved. On the one hand, it can solve the problem of insufficient production capacity of Orange mobile phones. On the other hand, it can enter the OEM market and compete with Foxconn, Inventec and BYD.
Therefore, Chen Yansen and Gao Weilin were relatively relaxed and watched Ma Liyun communicate with Su Jingzi and Qiao Di throughout the whole process.
The three parties had a heated discussion about the valuation of Ali and Yitao.
"There's nothing much to discuss about Ali's valuation. This month, Silver Lake Capital and Digital Sky invested 1.6 billion U.S. dollars in it, and the valuation is 32 billion U.S. dollars. If you two disagree, we can talk about it slowly."
Ma Liyun looked confident that he could afford to wait.
The valuations of FoxTao and Ali are both on the rise, but as the e-commerce overlord, Ali's market value is rising faster.
The longer Lotte and Augusta Capital drag their feet, the better it will be for him.
Moreover, in Ma Liyun's view, Ali's market value must reach at least 100 billion US dollars to be considered successful. If it were not for the purpose of completing the external traffic entrance, he would not be willing to sell Ali's shares.
"Mr. Ma, I agree with the valuation of Ali at 32 billion U.S. dollars, but isn't it unreasonable to value Zhifubao at 18 billion U.S. dollars?"
Su Jingzi frowned and raised the question directly.
The equity swap plan proposed by Ali is a method of combining the equity of Ali, Zhifubao and Xinhulitao (reorganized with Yitao).
In fact, they had no dispute over the valuations of Ali and the new Fox Tao, but the valuation of 18 billion US dollars of Zhifubao made Su Jingzi and Qiao Di feel that this Chinese man who looked like ET had bad intentions.
The two sides argued fiercely, each bringing out their valuation models and algorithms, and arguing with reason and evidence.
After listening for a while, Chen Yansen became impatient, took out his mobile phone, and opened a scanned version of "The Physics of Light Speed and Sound Waves" to pass the time.
The argument did not come to a conclusion until noon.
Ma Liyun's eloquence and negotiation skills are indeed strong, and he seems to be ready to refute Su Jingzi and Qiao Di and make them accept the valuation calculation method given by Ali, the financial director.
As it was almost time for lunch, Cai Xin stepped out to smooth things over and suggested with a smile that they have lunch first and continue the conversation in the afternoon.
After all, one point means hundreds of millions of funds, and it is natural that no one is willing to give in.
The group arrived at the floor where the cafeteria was located, and there was a wide variety of dishes.
They originally planned to go to a nearby restaurant, but were rejected by Su Jingzi and Qiao Di. They said that the cafeteria would be fine and wanted to visit the cafeteria environment of Ali Baba.
After all, once the cooperation is reached, Lotte and Augusta Capital will be considered important shareholders of Ali.
Cai Xin and Zhang Yong did not really let these company bosses and corporate executives get their own meals. They just called a few cafeteria employees, gave them a few instructions, and then took everyone to the private room.
Chen Yansen looked around and felt that although Ali had not yet moved to the Xixi Park, the office environment was not bad.
In the cafeteria, there are chefs who cook dumplings and wontons, as well as chefs who make hand-made noodles on the spot.
There was a very long line in front of the two ramen chefs. Their arms were stretched to the limit, their muscles were bulging, and they were in a state of congestion.
Zhuxian Town Science and Technology Park also has a cafeteria, but it is open to all companies that have settled in the park, and the taste is not as good as that of Xuyuan cafeteria.
Normally, most Orange Technology employees choose to take the bus to the east gate of Xuyuan for lunch.
"Mr. Chen, do you want to open an Orange mobile phone store in Taobao Mall?"
During the meal, Zhang Yong asked tentatively.
Taobao Mall, which was established just three years ago, is still experiencing strong demand for digital home appliances as it continues to transform into a B2C store.
In addition, the pre-sale volume of Orange mobile phones reached 3 million units. If these sales were generated in Taobao Mall, it would be equivalent to an increase of 6 billion in sales for the group.
Zhang Yong was naturally moved!
"The e-commerce department of Orange Technology was established not long ago, but since Mr. Zhang has asked me to do so, I will definitely cooperate. Yun Cheng, you follow up on this matter."
Chen Yansen said with a smile, giving Zhang Yong enough face.
FoxTao’s current situation is inseparable from Zhang Yong’s support.
Chen Yansen heard that there were different attitudes towards Fox Tao within Ali. Hu Zhilong of the Ali Alliance and Wu Ming of Yitao had long wanted to use the power of the group to suppress Fox Tao, but were blocked by Zhang Yong.
Although Zhang Yong's move was only to avoid affecting the group's market share and total sales, it undoubtedly gave FoxTao the most free space for development.
"Manager Song, please leave your contact information. I will create a group and ask the colleague in charge of Taobao Mall to contact us."
Zhang Yong said to Song Yuncheng.
He met Song Yuncheng three times in a row, and each time he saw him next to Chen Yansen, he had some guesses in his mind, so his attitude was exceptionally gentle.
"Thank you, Mr. Zhang." Song Yuncheng responded politely.
Ma Liyun and others on the opposite side were no longer tense as they were in the morning, and were smilingly introducing Hangzhou cuisine to Su Jingzi and Qiao Di.
It was obvious that Su Jingzi had stayed in the country for a long time. He was very familiar with the dishes on the table and selectively skipped the local dishes.
Jody was very interested in the handmade ramen, but he couldn't hold the noodles with his chopsticks, so he had to use a fork to roll up the noodles and eat them.
After the meal, Zhang Yong signaled to the administrative staff to take the representatives of all parties to the lounge to continue the negotiations in two hours.
This was not really for a break, but to let everyone calm down and report the details of the morning's negotiations to their respective headquarters in order to find an offer acceptable to all parties.
In the lounge.
Song Yuncheng spoke very little today. When she learned that Chen Yansen was really going to sell Fox Tao, she felt a little reluctant.
"Boss, I think if we continue to argue like we did this morning, it will probably take another two or three days. Otherwise, Ali, Lotte, and Augusta will not compromise."
Gao Linwei unscrewed a bottle of mineral water, took a sip, and said in a serious tone.
"It will eventually be finalized. They are not in a hurry, so we don't have to be in a hurry either."
Chen Yansen responded with a smile.
Because FoxTao's valuation in Q4 will only rise and not fall, if time drags on, it will be disadvantageous to Rakuten and Augusta Capital.
Sure enough, the negotiations in the afternoon went as Chen Yansen expected.
After a while, Lotte and Augusta negotiated the valuation of Fortune Treasure from 18 billion US dollars to 16 billion US dollars. Seeing that Ali would no longer back down, the three parties finally reached an agreement.
Lotte invested 8 billion and Augusta invested 4 billion to jointly acquire 60% of FoxTao’s shares from Chen Yansen.
Ali Baba exchanged 0.8% of Ali’s shares and 1.13% of Zhifubao’s shares for the remaining 14.48% of FoxTao’s shares held by Chen Yansen.
At this point, Sennheiser Technology was separated from Senlian Capital, and FoxTao had no connection with Chen Yansen anymore.
All of the shares of FoxTao held by Penguin and Siwei were transferred to Lotte based on a valuation of 20 billion.
Penguin invested 150 million in the angel round and A round of financing, and in just half a year, it turned into nearly 2 billion.
When Lin Chenfeng from the venture capital department brought his team to Hangzhou to sign the contract, he specially pulled Chen Yansen aside to thank him, as he would receive his bonus at the end of the year.
A return on investment of more than ten times is enough for all members responsible for this investment to receive generous annual bonuses ranging from May to December.
Zhang Jiancheng of Siwei Investment had a similar attitude and congratulated Chen Yansen repeatedly. They made a lot of money, but Chen Yansen made more.
Before he was even 20 years old, Chen Yansen had more than 10 billion in his account.
In addition, he is also a shareholder of Ali and Zhifubao. These seemingly small shares will be worth at least 4 billion US dollars in the future! The 4 billion yuan of Leibuskari is indeed cold, and it is not as hot as the more than 10 billion yuan of Mr. Chen.
After Chen Yansen signed the equity transfer agreement, he made the final communication regarding the stay or departure of FoxTao members.
at the same time.
Rumors gradually spread that Ali, Lotte and Augusta Capital would jointly launch an acquisition of FoxTao, and Yitao.com would later be merged into FoxTao to form a new FoxTao business unit.
In an instant, all the members of FoxTao were confused.
The same is true for Wu Ming of Yitao.com. In terms of performance, he is not as good as Foxtao. After the merger, who will be in charge?
This is of vital importance to him.
Of course, Ali, Lotte, Augusta and FoxTao have never made a positive response, and the outside world can only speculate but cannot be sure.
(End of this chapter)
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