My Age of Investment

"Darren, when will you consider building a headquarters? I heard that Fuxing Industries has spent tens of billions to build a headquarters park building in China. The United States should also hurry up!

Facebook is now one of the largest companies in Silicon Valley. A new headquarters is not only responsible for the corporate image, but also helps strengthen the cohesion within the team. "

In the rooftop garden of the office park rented by Facebook, Jerry Yang was sitting on a wicker chair, drinking coffee and looking at the flowers all around.

Xia Jingxing took a sip of coffee and put down the cup casually, "We'll think about it after the company goes public. There's no money to build it now."

Son raised his hand and said, "If you are short of money, SoftBank can help."

David Filo quipped: “You’re thinking about your Facebook stake all day long.”

Son Zhengyi smiled and made no secret of his importance to Facebook.

Jerry Yang withdrew his gaze and looked at Kristina sitting aside, "You decorated this, right? The style is just like the garden at your home."

Kristina smiled and said: "Sometimes after sitting in the office for a long time, I want to go upstairs to get some fresh air. Later, I simply arranged this place as a rest area to give employees another place to relax."

“What a great American boss!”

Jerry Yang sighed with emotion. Today, they, the new shareholders, came to visit Facebook together. He was very satisfied with what he saw along the way. The vibrant look made him feel like he had seen Yahoo ten years ago.

Christina also expressed her welcome and support for him to serve as the chairman of Facebook, which completely gave him no doubts.

A new journey, a new beginning! Yang Zhiyuan secretly encouraged himself and kept telling himself that he must be worthy of the favor of Darren and Kristina.

Ma Yun rolled his eyes and suddenly said: "Christina, the chat at the cocktail party that day was too short and we didn't talk about many things. Everyone happens to be here today. Let's talk about the plan you mentioned. , everyone also listens and makes suggestions.”

Hearing this, everyone present turned their attention to Kristina. Now that everyone is a shareholder of Facebook, they are naturally concerned about the development of Facebook.

In particular, Facebook's investment in Ari has caused considerable controversy in the Silicon Valley Internet and investment circles these days. Many people have commented that this is a bad move and they will have to pay for the failure sooner or later.

Kristina smiled, "Everyone should know that Ali has a B2B business that connects Chinese suppliers with merchants around the world.

The plan I proposed is for Facebook to develop a new plug-in for Ali B2B, so that Ali’s B2B website can get enough exposure and display on Facebook.

Interested users can jump to Ali's B2B overseas station through the Facebook platform for consultation and ordering.

In addition, some large Ali B2B merchants can also create public homepages on Facebook to promote their own products. Consultations and transactions can also be completed on Ali B2B overseas sites.

If the above plans are effective, we can start to establish larger-scale cooperation with Ahri. "

Masayoshi Son nodded, "This plan is good. If it works well, Facebook can bring a steady stream of traffic to Ali's overseas stations, which can then be converted into transaction volume and orders.

For Ali, one less factor limiting internationalization will be removed, and it is a very important one. "

Masayoshi Son is extremely satisfied with this plan. He now holds shares in both companies. The two companies work together, Ali develops overseas e-commerce markets, and Facebook gains advertising and marketing revenue. It is a typical win-win situation, and there is no objection. reasons.

David Ferro smiled and said: "Didn't selling T-shirts prove it before? Facebook has the foundation to be an e-commerce platform."

Jerry Yang quickly entered the role and began to think about issues from Facebook's perspective.

He pondered for a moment and said: “Selling T-shirts was previously achieved through cooperation with Amazon, and Amazon solved multiple aspects of work such as warehousing, logistics, and transactions for Facebook.

Relying on the one-stop convenient service provided by Amazon, Facebook can easily sell T-shirts to thousands of individual users.

Moreover, the largest number of users on the Facebook platform are individual users. I am not very optimistic about the B2B business you mentioned. It is not as promising as B2C business or C2C business.

But to do the latter two, you need to solve the logistics, warehousing, technology, website building and other issues I just mentioned. "

Jack Ma laughed loudly, "I would like to do B2C and C2C, but we don't have much overseas experience in these two businesses, and as you said, there are many problems that need to be solved. Let's talk about it later.

B2B business is much simpler. Relying on the existing business network and overseas sites, Facebook provides us with traffic and matches transactions. We are confident that we can handle the surge in orders without affecting service quality.

We should not aim too high. We should first explore some cooperation experience and successful models, and then talk about establishing broader cooperation later. "

Yang Zhiyuan nodded slightly, Ma Yun was saying this from a mature age, and the cooperation that he did not mention was probably because he had learned from the failure of blind expansion and opening branches around the world in his early years.

In fact, Jerry Yang doesn't really support Facebook's large-scale e-commerce business now. It will focus on social networking first, and it won't be too late to talk about flexing its muscles in the e-commerce field after it goes public.

The plan proposed by Christina and Jack Ma now seems to him to be very measured. In essence, it is still a traffic business, which is not much different from Facebook's past cooperation with Amazon and eBay.

Xia Jingxing said, "Have you ever considered cooperating to develop cross-border e-commerce?"

Ma Yun was stunned for a moment. This term was quite new. Then he thought about it. Ali B2B overseas station is not just a cross-border e-commerce.

Xia Jingxing continued: "Import overseas goods back to China and sell them to individual users through the Ali platform; Chinese people register e-commerce accounts on Facebook and sell domestic goods to overseas users on the Facebook platform."

After such an explanation, Ma Yun immediately understood and added: "Both of us can also rely on the traffic advantages of our respective platforms to complete the sales of goods in the two markets. At the same time, we can also jointly build overseas warehouses and logistics systems, etc."

Xia Jingxing nodded lightly, "Yes, Ahri's B2B website can even supply small merchants on Facebook, who will then complete the next level of distribution.

However, after all, foreign users are not in China, and if the product selection is not good, they may not be competitive. "

"Ali can help. Our mission is to make it easy to do business in the world."

Seeing that the two of them were getting more and more excited as they chatted, Christina couldn't help but interrupt: "Isn't it too early to add e-commerce functions to the Facebook platform? And if the page is too complicated, it will not meet our positioning as a social platform. .”

Interrupted by Kristina, Xia Jingxing stopped talking and smiled, "You're right, it's a bit early. Let's finish the first phase of cooperation first."

Jack Ma has a feeling that he still has unfinished business. He feels that he has found the password to wealth and an opportunity to break into the headquarters of Amazon and eBay.

Why do foreigners go to China to do e-commerce and wantonly compete for land while Chinese e-commerce platforms cannot go global?

At this moment, Ma Yun felt proud and began to think about how to use the resources of Facebook as a shareholder to help Ali complete its global layout.

Ahri actually explored the way out, but he received a lot of beatings, which made Ma Yun afraid to step out again for a long time.

Everyone chatted in the rooftop garden all afternoon before parting ways.

The Yahoo matter is basically over, and Jack Ma is preparing to take the evening flight back to China.

Standing by the car door, he held Xia Jingxing's hand and kept saying that he would have to wait until Xia Jingxing returned to China to get drunk or not. In fact, he was still thinking about the international layout.

"Daerun, there's no need to send him off, come back!"

Ma Yun waved to Xia Jingxing, then laughed and got into the car.

Sitting in the car, Ma Yun expressed a lot of emotion. This trip to the United States was not in vain. Not only did he find an opportunity for internationalization, he also increased his holdings by more than two points. Now his shareholding in Ali has reached double digits. Yes, as high as 10%, which is quite not easy.

The other two or so shares were distributed to Cai Congxin and other Arhats, and everyone had soup to drink.

The price was that he and his team pledged half of their Ali shares to Goldman Sachs and Morgan Stanley.

This was also the acquisition loan that Xia Jingxing helped broker, and he owed Xia Jingxing a favor.

After seeing Ma Yun leave, Xia Jingxing and Yang Zhiyuan saw off Masayoshi Son and David Filo in turn.

After negotiating with Jerry Yang and David Filo, SoftBank finally obtained 1% of Facebook's equity. Although this shareholding ratio is not high, Masayoshi Son is already very satisfied, at least he has not been absent from this industry's top case.

Jerry Yang gave up all his cash and exchanged all 3.9% of Yahoo's shares for Facebook shares, holding 4.33% of the shares.

David Filo, another founder of Yahoo, chose to take most of the transaction in Microsoft stock and cash, and also held a small portion of Facebook equity, about 1.1%.

Masayoshi Son and David Filo have neither joined Facebook's board of directors because their shareholding ratios are not high. Only Jerry Yang has joined Facebook and will serve as chairman and also hold the title of co-founder. .

Xia Jingxing patted Yang Zhiyuan's shoulder and said, "Jerry, in the future, I ask you to help me keep an eye on Facebook."

Yang Zhiyuan knew the relationship between Xia Jingxing and Kristina, so he smiled and put his arm around Xia Jingxing's shoulders, "Don't worry, I will fully cooperate with Kristina's work."

Xia Jingxing nodded lightly, "You have a high reputation in the Chinese community in the United States. You can show up more and attend some events if you have nothing to do. There are so many Chinese engineers and scientists in Silicon Valley, and many talented people are not reused. If you have the opportunity, If so, we can find more outstanding Chinese people to join Facebook.”

Yang Zhiyuan thought Xia Jingxing wanted to help the Chinese compatriots improve their status, so he agreed with a smile.

In fact, Xia Jingxing doesn't have the time to pay attention to these things. He just wants to cultivate a few talents like Lu Qi and Shen Xiangyang through Facebook. It would be even better if he has the opportunity to recruit these people back to China in the future.

After Yang Zhiyuan left, Xia Jingxing and Kristina also went home from get off work early.

I am not in a hurry to do that, but I am eager to recalculate the equity ratio.

After absorbing 11% of Alina's equity worth US$2.75 billion and issuing 6.43% of new shares, both Xia Jingxing and Kristina's shareholdings in Facebook were partially diluted.

Xia Jingxing’s personal shareholding dropped to 27.67%, and Liqiu No. 2 Fund’s shareholding dropped to 18.71%. Half of the fund shares belong to Xia Jingxing personally, and the other half of the fund shares were sold to American dignitaries and China Investment Group, so after the fund penetration, he The total shareholding is 37.02%.

Christina's shareholding dropped to 13.24%.

Together, the two hold more than half of the shares.