Rebirth of the Internet Overlord

0374. Strategic Investment on Ali Baba

{Time: June 1-June 3, 2005}

{Location: Flower Planting-Qiantang}

At 15:00 on the afternoon of June 1st, Ning Zimo, who was leading the Emperor Penguins, was already sitting in the large conference room of Ali Baba in Qiantang. Sitting opposite them were none other than Jie Ma Yun and a group of Arabs led by Cai Chongxin.

The raccoon man.

Although it is a very important matter and will have a great impact, the relationship between the two companies has been set on a harmonious tone from the beginning. Therefore, the atmosphere in the conference room at this time was not as good as what Ning Zimo had participated in before.

Talking about it is so solemn.

Of course, this has a lot to do with the big killer weapon Ning Zimo threw out from the beginning.

After Ma Yun and other heads of the technical department completed their assessment, they nodded with satisfaction and said, "Actually, we have always had shortcomings in search technology, but we have been focusing on the development of new businesses in recent years and have not done in-depth exploration of corresponding technologies.

.So, Yahoo Zhonghua can provide support in search engine technology, which will provide considerable help to our Taobao and international sites."

Logically speaking, this is a business negotiation. Approving the person across the table will increase the other party's bargaining chip in subsequent negotiations. But Ma Yun knows what kind of person Ning Zimo is, so he safely praises the other party's efforts.

.

Moreover, he was not worried about any problems at all.

Because in this negotiation, he and the young people on the opposite side only need to focus on the big ones and let go of the small ones.

Ning Zimo saw Ma Yun's admiration in his eyes, and when Ma Yun finished speaking, he continued, "In the early years of Internet companies, technology did not actually require the pursuit of extreme leadership. It was more about relying on the first

Take advantage and occupy a favorable position first. But with Ahri’s current size, it is indeed time for technological innovation.”

"Yes," Ma Yun responded, then turned to Ning Zimo and said, "I think we won't have any big objections to the small details we just talked about. Otherwise, leave the negotiations here to the team.

.Then we find a place to finalize the general direction."

"Well, let's go."

After handing over the negotiations to the team, Ning Zimo took Tang Ruiwen, Ma Yun, and Cai Chongxin to Ma Yun's office in Ali Baba.

As soon as he walked into this relatively spacious room, Ning Zimo glanced at it and laughed immediately, "Your "Peach Blossom Island" is quite spacious. In comparison, our Emperor Penguin officials, including me,

, they don’t have a fixed office yet.”

Although Ning Zimo had an independent office when he was at Luban Technology in his previous life. But in this life, since he started his business, influenced by the culture of Silicon Valley, Emperor Penguin has never set up an independent office since its early days.

"You are such a rich man, but you don't have your own office?" Ma Yun was stunned and stared, "This is not something that should be saved. After all, you are the absolute leader of a company, so you still have to have your own office.

Independent space.”

"I'm not at Emperor Penguin for most of the year, so what's the use of having an office."

Having said that, Ning Zimo felt quite relaxed when sitting on the sofa in Ma Yun's office.

While brewing the specially prepared coffee, Ma Yun said, "Maybe your definition of a company is different from mine. After all, I still have to deal with dignitaries, so I still have to prepare for the necessary scenes."

Ning Zimo fumbled around on the sofa again. After receiving the coffee from Ma Yun, Ning Zimo said with a smile, "But you're right. It's time for us Emperor Penguins to upgrade our offices for senior officials."

In the early days of Emperor Penguin, Ning Zimo put rhythm control first and naturally wanted to be deeply involved in the team.

But as more and more people join Emperor Penguin, office upgrades have become a symbol of corporate image.

"Come on, I understand what you're talking about, and it's all in the plan anyway. Now, let's get back to the topic." Ning Zi silently stopped the office conversation and turned to, "I saw you there in 2003."

Last time, I talked about investing in Ahli.

Two years have passed and now it’s time to implement it. We have had a good cooperative relationship, and this capital injection is also an extension of the previous good relationship. Since we have skipped the team to implement it, we will directly go in the general direction.”

Taking a sip of coffee, Ning Zimo said directly, "Ari needs development funds, and Emperor Penguin is indeed not short of cash. At the same time, the development direction of Emperor Penguin does not conflict with Ahri's, and is actually a good partner.

In this case, I directly asked Teacher Ma, what proportion of financing is Ali preparing to raise this time?"

When it comes to serious business, especially something as rigorous as financing, Ma Yun's face becomes a little more serious.

Ma Yun had discussed this issue with Cai Chongxin many times, so she naturally came up with it.

"Ali is now developing in full swing, which is also the time when it is short of funds. Before this financing in 2005, Ali had had three rounds of financing, namely 5 million in 1999, 25 million in 2000 and 82 million in 2004.

It can be said that it was these three financings led by Chongxin that helped Ali Baba survive the extremely cold winter caused by the bursting of the Internet bubble. And this time we are preparing to release 40% of our shares, which is definitely the largest amount of funds in the industry.

Unmatched by many times.”

"That's why I said this morning that Brother Cai is your best partner." Ning Zimo laughed at Cai Chongxin.

Cai Chongxin smiled lightly and said calmly, "If you want to say that I have some connections, there must be some, but the important thing is that our Ahri had huge potential at that time."

Compliments are sometimes used to bring people closer to each other. Ning Zimo always tries to find ways to return the compliments given by Teacher Ma.

Taking advantage of the gap created by Cai Chongxin, Ning Zimo stretched out his finger and praised, "I invested in Ahri partly because of Ahri's current strength and potential."

Everyone likes to hear compliments, it just depends on whose mouth the compliment comes from.

Ma Yun didn't have much contact with Ning Zimo, and it was rare to see him like this.

Therefore, Ma Yun felt a lot more comfortable when Ning Zimo said these words.

In terms of comfort, Ning Zimo felt that Ma Yun was also relaxed a lot.

Ma Yun raised her lips and said easily, "This financing is our last financing before Ali goes public, and it will also be the largest financing for equity reform. Goldman Sachs, Singapore Huiya, Swedish investor ab and the Singapore Government Technology Development Fund

Waiting for vc/pe funds to exit on a large scale.

SoftBank, led by Masayoshi Son, will withdraw its shareholding in Taobao and instead increase its shareholding in Ali Baba Group. Other capitals such as Fidelity, tdf and ggv will also cash out. So combining these comprehensive

According to the situation, our Ali will only take out 40% of the shares in this financing."

"What is Ahri's current shareholding structure?" Ning Zimo asked curiously.

"We at Ali own 47% of the shares, SoftBank holds 20%, Fuda is the third largest shareholder holding 18%, and the remaining 15% will be held by other shareholders."

Ning Zimo thought for a while and said, "That means that except SoftBank, all other VC/PE funds will be withdrawn."

"Well, SoftBank still wants to continue to increase its stake." Ma Yun nodded.

Ma Yun felt no psychological burden at all from openly disclosing this information to Ning Zimo. He still remembered that when Ning Zimo mentioned investment to him at the party in 2003, apart from being surprised, the most profound impression on him was his words at that time:

“Emperor Penguin’s investment, decision-making rights and voting rights all belong to you!”

And that sentence, "Because of me, I am optimistic about Ahri!".

This sentence seemed so abrupt at the time, but looking back at the past from the present moment, it turned out to be such a powerful sentence.

Ma Yun has always felt that it was precisely because he saw the growth of Ning Zimo and his emperor penguins that he was so close to Ning Zimo. Because, from when he was an "arrogant young man" to when he became famous all over the world

When he was young, he was always the one who believed in Ah Li.

Moreover, not only did he say that, but he also sat here today to make his eyes believe in Ahri's promise! This firm trust was the main reason why he chose to accept Ning Zimo from the many choices that followed Ahri.

It is normal for developing companies to embrace capital, but not many investors are willing to firmly believe in the person at the helm.

Ning Zimo is also a person who does things, he has an open attitude, and he has sufficient funds! Not to mention that Emperor Penguin and Ali Baba have an absolutely complementary relationship in terms of resources!

Sensing Ma Yun's open attitude, Ning Zi thought for a while and then said directly: "Okay, I already understand the general situation. Now I will roll out my plan directly."

Ning Zimo's words drew Ma Yun and Cai Chongxin's attention again.

Seeing Ma Yun and Cai Chongxin looking over attentively, Ning Zimo said, "Because it is a strategic investment, what I consider is to achieve as much complementary resources as possible.

As a company with core technology, Emperor Penguin opens its corresponding resources to Alibababa. The first one to bear the brunt is the just-mentioned Yahoo Flower Company, which will develop complete search technology to Emperor Penguin to help Alibaba develop search technology and databases.

Corresponding upgrade of the system.”

"This is great!" Ma Yun said, rubbing her hands, "We just said that this is also very important to us."

Nodding, Ning Zimo continued, "The second point is that our Emperor Penguin's Gmail and Yahoo mailboxes can integrate their account systems and open up membership links with Taobao Wangwang and Ali International Station's Tradelink.

In addition to the 98 million Yahoo mailbox users in China, Gmail's 180 million global users will also be directly opened to Ali Baba International Station and Taobao. Moreover, due to the existence of the one-number service model, Feixun has also jointly opened the one-number service mode.

.

This means that through any mode such as Feixun, Yahoo Mail and Gmail, Ali Baba International Station and Taobao will get corresponding exposure in this shared user base of more than 200 million!"

Hiss~~

Ma Yun took a breath of cold air. He couldn't help but glance at Cai Chongxin beside him, and found that the old pai dong's eyes were also shining with light.

Yahoo Mail and Gmail are both software that have been around for a long time and are nothing new in China. Feixun, which was launched in China on January 1, 2005, has so far not only shown its chat software side, but also

There was no other movement.

But when they heard what Ning Zimo said today, they discovered that there was such a huge secret hidden behind Feixun!

"Isn't Feixun an instant messaging software? Is Feixun a flower-planting version of Skype?" Ma Yun couldn't help but ask.

Ning Zimo nodded when he heard the words, then shook his head, "Feixun and Skype are of the same origin in some technologies, but except for the fact that the data transmission mode uses the same p2p technology, other parts are no longer as good as Skype."

Simple.

If you have to give it a definition, you can understand it as a customized instant messaging software..."

In the early stages of Feixun's research and development, Ning Zimo defined a customization model with complex logic and simple panels.

When you first look at Feixun, in people's eyes, it must be an extremely simple instant messaging software.

But some people have gradually discovered that through Feixun accounts they can not only use email tools, but also network file managers such as Duobaobox. At the same time, some gamers have discovered that through Feixun they can directly access the wegame platform to play.

game!

Various other things such as Tieba and Yahoo forums can be accessed directly. For those with a little bit of hands-on ability, as long as you customize your own panel, you can achieve the purpose of managing various network tools under your name with a set of accounts.

Regarding this model, Ning Zimo classified it as a browser-like or WeChat platform model!

This model is the platform model that Ning Zimo borrowed from the chrome browser in his previous life and the WeChat platform model of Feixun at the beginning of Feixun software development.

In other words, although Feixun is just a user platform, users can choose the free and value-added services they need based on Feixun!

The important thing is that most of the services here have a trial period of up to 6 months! And a low-cost junior membership threshold. This will be a brand new experience for all Internet users.

"...Based on this model, Feixun can also integrate the services of Ali Baba and Taobao, and then provide corresponding services to Ali Baba in reverse." Ning Zimo said with a smile, "I believe that Feixun and Ali

Cooperation will be beneficial to both parties."

Although some of the 200 million domestic and foreign user base may overlap with users of Taobao or Alibaba International Station. But Feixun’s user base is so large, there are always some users who can bring benefits to Alibaba.

Ma Yun couldn't help but swallow her saliva. Feeling that her mouth was dry, she picked up the cup as slowly as possible.

When he put down the cup again, he tried to suppress his inner excitement, "I think the combination of Feixun and Ali Baba will be a good try."

Ning Zimo smiled, and he gestured to Ma Yun with a cup, "That's what I said, but after the cooperation is finalized, Feixun will be divided into two different versions."

"One is a comprehensive instant messaging software for personal social networking, and the other is a comprehensive instant messaging management software for business applications." Ning Zimo smiled and said, "I named it DingTalk."

After a pause, Ning Zimo added: "Let professional people do professional things. DingTalk and Feixun can perform their respective duties and do a good job in the areas of personal and business correspondence!"

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