Rebirth of the Age of Wealth

Chapter 392 The liquidation begins

At noon, Li Weidong and Wu Gang drank a little wine. After seeing Wu Gang off, they went to the room to sleep. Liu Jinhui also put the two children on the bed and asked Li Weidong to take them to take a nap.

From pretending to sleep to finally falling asleep, within a short while, Li Weidong slept soundly. As for whether the two children also fell asleep under his guidance, he didn't know.

At this time in California, USA, Jiang Zhili and Fu Xiaomin walked out of Yahoo's headquarters building accompanied by everyone. The snow outside looked shining under the moonlight.

Yahoo has just concluded today's board meeting, which has been held since the morning. Fu Xiaomin raised his hand and glanced at the exquisite watch on his wrist. It was already eleven o'clock.

"Mr. Jiang, Mr. Fu, I'm very sorry. The board of directors believes that this acquisition is in line with the company's future development direction and will definitely become a superior product of the company in the future, so it is imperative!"

David, one of the founders of Yahoo, said with regret that Yahoo proposed to acquire Broadcast last year, but the amount spent would be US$5.7 billion.

Jiang Zhili and Fu Xiaomin immediately reported such a big matter to Zou Yi, who in turn reported it to Li Weidong.

Li Weidong thought for a whole night and finally made the decision not to take a stand. In fact, this was a silent objection.

After multiple rounds of strategic financing and subsequent dilution from listing, Peking Capital holds nearly 30% of Yahoo's shares, making it a well-deserved major shareholder.

Jiang Zhili abstained from voting on behalf of Peking Capital. This must be a big deal. Such a big difference must require communication and coordination, but Li Weidong's attitude is very firm.

Even Zou Yi, who thought he was familiar with Li Weidong, couldn't figure out Li Weidong's attitude. Even if he disagreed and objected directly, it would be over. And as long as Li Weidong objected, there was basically no chance of this happening, but Li Weidong insisted on playing a high-level game.

Li Weidong also had his own considerations. Li Weidong really wasn't too sure about Yahoo's subsequent situation, but its decline was definitely true. After that, the name Yahoo was rarely heard.

When I hear his name most often, I associate it with Alibaba. People say that Yahoo is lucky because it invested in Alibaba and made tens of billions of dollars in the end.

Fortunately, I invested in Alibaba, which allowed him to survive for so long, otherwise he would have declined long ago.

Since it is about to decline, Li Weidong has no reason to let him become bigger. Although he has 30% of the shares, from the feeling, Li Weidong has never thought that this company belongs to him. From the bottom of his heart, he just uses Yahoo to make quick money.

of.

Now that the Internet bubble has almost reached its peak, the risk will increase by one point every day. It is time for him to clear his position. It is better to settle for safety.

Moreover, if US$5.7 billion is used to acquire a company with poor financial condition, the money is not money, but money?

If it weren't for the fact that he knew there was nothing fishy here, Li Weidong would have thought this was some kind of profit transfer!

The survival of Yahoo is not necessarily a good thing for those famous Internet companies in later generations. Moreover, Yahoo takes off in the wind.

There are many similarities with Netscape in previous years. It does not have any core technology, but it relies on the popularity of the Internet to grow rapidly. However, this model is too replicable, and it requires technological innovation to last for a long time.

.

"Congratulations then, I hope the company will get better and better!" As a Chinese, Jiang Zhili maintained enough restraint, but in fact he was already very angry.

"Mr. Jiang, I think it is a very regrettable thing for Peking Capital to withdraw from Yahoo. Yahoo is the most successful Internet company in the world. This is obvious to all!" At this time, Yahoo's CEO Tim said with a smile.

There are only two items in their board meeting today. The first item is to vote again on the acquisition of Broadcast. There is no doubt that Jiang Zhili abstained from voting again, but it was finally passed.

The second thing was the briefing meeting to implement Li Weidong's decision to sell Yahoo shares. This is why this meeting was held so late.

The directors present at the meeting are not the real shareholders, most of them are appointed by shareholders. Such a big matter naturally requires communication with the real boss.

At this time, the Internet was in full swing, the fire was cooking oil, and flowers were blooming. Yahoo was one of the giants of Internet companies, so naturally there were many people who wanted its shares.

But Li Weidong holds too many stocks. Based on Yahoo's closing price today of more than 120 billion U.S. dollars, Li Weidong's share of stocks exceeds 30 billion U.S. dollars.

Even if the stock market is booming, it is difficult to withstand such a huge selling pressure on stocks, so we have to take our time. First, sell to the same major shareholders of Yahoo, and second, sell slowly in the secondary market. As for what will happen

How high the stock price can be reduced depends on the technique.

Fortunately, someone expressed an idea on the spot and would come to discuss the price in person. This would have a relatively small impact on the stock price and benefit everyone.

"Really? I don't think anyone knows the Internet companies in this world better than we do!" Jiang Zhili still has some respect for David. After all, David is the founder of Yahoo, but he doesn't have much good feelings toward the CEO.

Although they are all working part-time, the shareholder he represents is legally the one Tim works for, so his status is one level lower, and what he says is a bit arrogant.

Jiang Zhili has experienced what regret is, but he doesn't believe that Li Weidong has also experienced it. He can't remember when Li Weidong's decisions have gone wrong.

Even if Yahoo is really better in the future, he believes that Li Weidong will not regret it. The tens of millions of dollars invested at the beginning have now earned tens of billions. This rate of return is already thousands of times. There should be nothing to regret.

.

If it were not for the fact that Yahoo’s rapid development requires more non-financial resources from investors, Yahoo’s various rounds of financing would not have had the opportunity for others.

Now Yahoo's shareholders include more than a dozen venture capital companies, including Sequoia Capital and SoftBank. In addition to providing money to Yahoo, these companies also provide a lot of social resources and various help.

At this time, Peking Capital was a top-ranked venture capital firm in the United States, but it had been established for too long, and its influence among some high-level executives was not great. It seemed that apart from providing some funds, it had nothing else to offer.

Therefore, in the view of Tim, the CEO of Yahoo, Peking Capital is a nouveau riche, and it is a nouveau riche that has had bad luck. The money earned by luck will always be lost by strength in the end.

Tim looked embarrassed. Although he is a nouveau riche, he has money and invests in many companies. As long as you can write a project document of some standard, you may get a considerable amount of angel round investment.

Therefore, Peking Capital has invested in thousands of companies in the United States and has thousands of employees, and these employees are all top students.

"Mr. Jiang, I think you misunderstood. That's not what Tim meant. He just feels a little regretful that we can't work together. I wonder if I can pay a visit to Mr. Li?" Yang Yuanzhi said to smooth things over next to him, still speaking in a Taiwanese accent.

Chinese.

Yang Yuanzhi is the founder of Yahoo. With Yahoo's current scale, it has naturally reached a certain height. It is not surprising to know that Li Weidong is the man behind Peking Capital.

So he was very curious about what kind of person Li Weidong was, so he visited Li Weidong specifically when he returned to China for inspection, but he couldn't see anything strange at all.

Although I was fortunate enough to have dinner with Li Weidong and chatted for a long time, it seemed that nothing happened.

This time, Peking Capital abstained from voting and withdrew its investment. Such a big thing must have been the result of Li Weidong's instructions, so he wanted to pay a visit to find out what went wrong.

Now that Yang Yuanzhi had made such a request, Jiang Zhili was a little embarrassed. Everyone knew Li Weidong's temper, and since he had already made a decision, he would not change it easily.

"Miss Fu, why don't you and Mr. Li call for instructions? It's about four or five o'clock in China now, and the time is more suitable?" Yang Yuanzhi looked at Jiang Zhili and said to Fu Xiaomin next to him.

Yang Yuanzhi once expressed a strong interest in Xiaomin, but Fu Xiaomin is an investment agent and Yang Yuanzhi is the founder. It is inappropriate for them to develop that kind of relationship.

Although Yang Yuanzhi is rich at a young age and has a lot of money, and has captivated the hearts of many young girls, Fu Xiaomin is not a cute girl. She is not short of money and has no intention of giving up this job.

Fu Xiaomin glanced at Jiang Zhili, saw him nodding, paused and said, "Wait a minute, I'm going to make a call!"

Their conversation was in Chinese. The few foreigners who came to see him off didn't know what they were talking about, but they guessed from Yang Yuanzhi's expression that the matter was important and it was difficult to speak.

Fu Xiaomin took her cell phone and got into the car that was parked next to her. A few seconds later, the driver opened the door and got out.

Fu Xiaomin dialed Li Weidong's mobile phone. After a few rings, the call was connected. Fu Xiaomin hurriedly said, "Hello, Chairman, I am Fu Xiaomin!"

"Xiaomin, it's me, wait a moment, I'll call him!" The person who answered the phone was Liu Jinhui, who walked to the bedroom with the phone in hand.

"Thank you, Mr. Liu!" Fu Xiaomin said quickly.

"Weidong, get up quickly. Fu Xiaomin called. It's probably midnight over there. There must be something urgent!" Li Weidong was sleeping in a daze and yawned when he heard Liu Jinhui's words.

After a pause, he sat up, reached out to take the phone, and muttered, "You really know how to choose the right time to make a call at this time!"

"I'm Li Weidong!" Li Weidong said into the phone.

Fu Xiaomin on the other end of the phone looked embarrassed. It was a sin to disturb her boss's sleep. If she had known that Liu Jinhui's words meant waking him up, she would not have agreed to anything.

Moreover, she heard clearly what Li Weidong was mumbling, and the embarrassment on his face became even more severe.

"Chairman, I am Fu Xiaomin. Today we have finished our meeting with Yahoo. The proposal to acquire Broadcast was passed. Our sale of Yahoo shares was also raised at the meeting. Many shareholders expressed interest, but the price

We still need to talk!" Fu Xiaomin briefly and quickly reported today's meeting to Li Weidong.

"If you pass it, pass it. If it rains, my mother will get married, and no one can control it!" Li Weidong was stunned for a moment and said. To be honest, he still felt a little uncomfortable. He even said he would abstain, but the acquisition was still passed. This is also

So eyeless.

And this kind of huge acquisition has already happened once. At the beginning of last year, Yahoo spent more than 3 billion US dollars to acquire a company that provides personal homepage services.

Although Li Weidong did not abstain from voting, he hesitated for a long time before agreeing to the proposal.

There will definitely be a certain market for personal homepages, but there are too few Internet users now, too few profit models, and it is still a little too advanced. It is estimated that it will be difficult to make a profit.

Now that I have spent so much money to acquire an even worse company, I wonder when I will see returns?

"One more thing. Yang Yuanzhi just wanted to visit you?" Fu Xiaomin asked carefully.

"Forget it, it's a good time to get together and part ways. Maybe we will meet again when we are destined to see each other again. I don't have anything to say to him. You can say thank you to him for me!"

Li Weidong thought for a while, and there was indeed nothing visible now. Even seeing it would not change his intention not to sell Yahoo shares. Of course, he might still buy the bottom in the future.

Fu Xiaomin was stunned for a moment. This was the first time she heard Li Weidong say thank you to someone like this. But if someone can make her so much money, a sincere thank you is not too much.

"Chairman, I will convey to you, do you have anything else to give me?" Fu Xiaomin did not dare to disturb Li Weidong any further.

"When is Lao Jiang's flight, you will come back with me then!" Li Weidong thought for a while and said.

"Mr. Jiang has a flight tomorrow night, and I have to go back too?" Fu Xiaomin first answered Li Weidong's question, and then asked.

"Yes, you come back with him and put your work aside for a while. Is Lao Xu also in the United States now? Maybe you two can take the same flight!"

In order to better invest in some mainstream stock markets in the United States and other countries, and to synchronize with the stock market, Xu Yanden opened branches in several countries.

Li Weidong believes that there will be big moves in the U.S. stock market, so Xu Yandeng will naturally go to the U.S. to take charge.

"Chairman, Mr. Xu is in Washington, but there is no direct flight to Beijing. He needs to transfer. If he transfers from San Francisco, maybe we can meet him!"

"That's it. It's already very late in San Francisco. It's okay to hang up. Let's take a rest!" Li Weidong made a common sense mistake and was naturally a little confused.

"We just finished the meeting. We are now downstairs at Yahoo's headquarters. We will leave immediately. Chairman, I won't disturb you anymore!" Fu Xiaomin explained, and then said goodbye to Li Weidong.

Hearing the busy signal on the other side of the phone, Fu Xiaomin smiled before hanging up the phone. Then he called Zou Yi again and recounted what had just happened before opening the car door and getting out of the car.

As soon as the car door opened, all eyes naturally gathered. Fu Xiaomin met Yang Yuanzhi's expectant gaze, and then shook his head slightly, "Mr. Li asked me to say thank you to you on his behalf!"

"Thank me?"

Yang Yuanzhi looked at Fu Xiaomin with a confused look, but Fu Xiaomin didn't explain to him, and couldn't explain it. Could it be that he said, "Thank you for helping to make so much money?"

In the confused eyes of everyone, several people got into the car and left. After Jiang Zhili got on the car, he said to the secretary in the front row, "Xiao Qin, I remember that your family is from Beijing. I will give you two days off this time. When you return,

Check it out at home!”

Qin Shijun immediately said respectfully, "Thank you, I will be your guide when you arrive in the capital!"

Qin Shijun is a native of Beijing. He studied for a master's degree in finance at Ohio State University. After graduation, he worked at Peking Capital. By chance a year ago, he was spotted by Jiang Zhili and became his secretary.

(End of chapter)