Rebirth of the World’s Richest Man

The Nasdaq market, in fact, is translated as Citigroup's National Association of Securities Dealers Automated Quotations. In English, it is NationalAssociation of Securities Dealers Automated Quotations. It is an electronic securities trading institution of Citigroup.

The world's second largest securities trading market was founded on February 8, 1971. It is to regulate chaotic over-the-counter transactions and provide a financing platform for small businesses. Nasdaq collects and publishes dealer quotes for over-the-counter unlisted stocks.

When Jiang Xiaobai and others arrived, Li Yanhong had already greeted them at the airport. After seeing Jiang Xiaobai, she came over with a smile on her face.

"Dr. Jiang, thank you for your hard work." Li Yanhong held Jiang Xiaobai's hand and said excitedly. Having Jiang Xiaobai here adds a bit more color to Baidu's launch.

"It's not hard work, it's all deserved." Jiang Xiaobai said with a smile. He also holds a lot of shares in Baidu. Now that Baidu is listed, he should also contribute.

In addition, Baidu's listing is also good for itself. It will further deepen its layout in the Internet industry.

"Director Jiang, please come here. The hotel and the like are all ready, and the car is waiting outside..." Li Yanhong said, Jiang Xiaobai must have had a good rest after flying here for so long. .

I'm slightly jet-lagged, so I'd better rest.

Besides, as long as Jiang Xiaobai attends this listing as a representative, all other work will be done by Baidu.

Jiang Xiaobai was not polite. He nodded and followed Li Yanhong and others out of the airport and got into the car. He walked all the way to the hotel and came to Citigroup. Jiang Xiaobai often flew directly to New York. When he flew to Hilton, he really Not many people, but Jiang Xiaobai is still familiar with this place.

After arriving at the hotel, Li Yanhong did not leave immediately, but briefly introduced Baidu's situation to Jiang Xiaobai. Although Jiang Xiaobai said he was a little tired, he still insisted on listening.

He has just finished dealing with the acquisition of Xinlang, but Baidu has not stopped either. He also faced a hostile takeover before.

Domestic companies in the Internet industry are facing different situations than companies in other traditional domestic industries. Domestic companies in other traditional industries are still the same as before. Normal development means slowly accumulating capital. , getting bigger little by little.

Of course, this process takes a long time, and it does not mean that you can get to the stage of listing in a short time. Of course, in traditional companies, the founders also have very strong control over the company.

But companies in the domestic Internet industry are different. The Internet has always been in line with international standards. Internet companies are developing very fast, and they are very good at using external funds.

It is often possible to grow into a large enterprise in just a few years, or even go public. However, this attracts external funds for development. The enterprise's growth rate is fast, but there are also huge challenges. The shortcoming is that the founders do not hold many shares.

For enterprises, there is no absolute control.

This is the case in Xinlang. Wang Zhidong was almost kicked out of the board of directors by other investors before. This time he was almost acquired by Shengda Games because the founder Wang Zhidong held too few shares. .

The same Baidu is also facing this situation. In the past, it was also subject to a hostile takeover by Google. On the one hand, Li Yanhong was responsible for appeasing the members of the board of directors to prevent them from selling their shares to Google.

On the other hand, it also promptly withdrew from the "Niuka Plan" which has always been similar to Xinlang's poison pill plan. The "Niuka Plan" is an anti-hostile takeover plan.

Baidu calls the shares issued on the public market Class A shares, with one vote per share, while all original shares are Class B shares, with 10 votes per share. Once there is an external transfer of Class B shares, the shares will immediately be converted into the same number of Class A shares.

Relatively speaking, this design is also very complete. After this, the "Niu Card Plan" was generally regarded by the outside world as a declaration of Baidu's desire to develop independently.

Under the constraints of the "Niu Ka Plan", Google had to sell 2.6% of the Baidu shares it already held. At this point, Google's dream of acquiring Baidu was shattered.

Of course, after Google’s acquisition of Baidu was hopeless, it clearly regarded Baidu as its biggest competitor.

So Li Yanhong is now reporting this matter to Jiang Xiaobai. On the one hand, it is because Jiang Xiaobai needs to understand Baidu's current situation. On the other hand, because of the threat from Google, Li Yanhong is still a little panicked and subconsciously wants to find Jiang Xiaobai. Support your back.

Indeed, after Jiang Xiaobai listened, he waved his hands indifferently and said with a smile: "Since Google wants to acquire us Baidu so much, and even regards us as competitors, this also shows from the side that now our Baidu Du’s search business has a bright future in China.”

"But Director Jiang, this is Google after all. No matter in terms of strength or reputation, our company cannot compare..."

"Strength is nothing more than funds, but in the Internet era, it does not just mean having funds. If anyone has money, he will have strength.

Then these big companies can just pay directly. Don’t worry, Google is just a foreign-funded company. No matter how huge it is, no matter how large its global market share is, our country is a domestic market. In terms of understanding of the domestic market, no one can compare with it. If you don't like us..." Jiang Xiaobai comforted with a smile.

When Jiang Xiaobai said this, Li Yanhong immediately felt at ease. Jiang Xiaobai had a lot of shares in the domestic Internet industry. Since Jiang Xiaobai was confident and Jiang Xiaobai was a shareholder, he would help in some way.

If Jiang Xiaobai takes action, at least in terms of funds, Baidu will not be afraid of any company as a rival.

"Okay, Director Jiang, then you take a rest first, and I'll leave first. I'll come back in the evening and let's have a meal together." Li Yanhong stood up and said.

Jiang Xiaobai nodded and sent Li Yanhong to the door. Watching Li Yanhong leave, Jiang Xiaobai sighed softly. These foreign companies have been coveting domestic Internet companies for a long time.

In the matter between Xinlang and Shengda Games, why Jiang Xiaobai stands clearly behind Xinlang is because behind Shengda Games, he also stands behind a foreign corporate consortium.