Ten Years Against the Current of Rebirth

Chapter 253 Xu Jian’s major discovery

Alibaba's partnership system is similar to the dual-class equity structure system. Its main purpose is to ensure that the company's top management can still maintain control of the company while holding a minority stake.

To put it simply, Alibaba's partnership system is to establish a new organizational structure above the shareholders' meeting and the board of directors, that is, partners.

Once you become a partner of Alibaba, you are equivalent to entering Alibaba's highest authority organization and have the right to nominate candidates for the board of directors.

As of 2012, there are about twenty partners within Alibaba, mainly composed of the original founding team members and the first batch of members who joined Alibaba and grew up within Alibaba.

In addition, there are also some senior management talents who later joined the company in finance, law, technology and other fields.

The partner team can be roughly regarded as the company's think tank, or it can be compared to Ali's brain center.

The partners themselves hold important positions within Alibaba, and the prerequisite for joining as a partner is to hold a portion of Alibaba's shares and to have worked at Alibaba for at least five years.

And we must have a high degree of recognition of Alibaba’s internal corporate culture.

Once you join such a partnership system, you will instantly become the top group of talents in the Internet field.

Especially now that Jack Ma is inviting Xu Xing to the company, he is obviously not willing to break the rule of "must work at Alibaba for more than five years", but also to attract Xu Xing to join Alibaba, thereby completing Alibaba's deep roots in the social field.

This is indeed a very tempting proposition.

If Jack Ma really plans to do this, then the previous proposal to raise US$1 billion for 35% of the shares can be put aside.

Alibaba can completely implement a cross-shareholding plan with WeChat or even Qunxing Company, and while gaining control of WeChat, incorporate Xu Xing into Alibaba's system.

At that time, Xu Xing will still be allowed to control the management and development direction of WeChat, and there will be no need to send in another parachute leader.

And for Xu Xing, he knew one thing very well.

It is now 2013, and in 2014, Alibaba will go public in the United States.

Based on that year's closing price, Alibaba's market value was a full $230 billion, which is at least seventy, eighty or even more than one hundred times the current valuation of WeChat.

If, with the support of WeChat and Qunxing, we can compete with Tencent in the social field, the market value of $230 billion above will not be too much for it to double again, right?

If you just want to make some money, retire, and live in peace and contentment, then Jack Ma's proposal really hits the mark.

It's just that for Xu Xing, if he can't do something big after starting over again, it would be a shame for this mysterious time-travel gift.

As for Alibaba’s e-commerce Taobao and Alipay, which are most attractive to him at the moment...

Since you don’t have one, just make one.

Why bother with other people's children?

When people engage in partnership systems, to put it bluntly, they have no money in the early stages and can only exchange company shares for money. As a result, they have problems with their control over the company, so they can only rely on this system to save them.

But Xu Xing’s Qunxing Company doesn’t need it.

Until now, Qunxing Company has only one shareholder, Xu Xing, who fully controls it.

As a subsidiary of WeChat, 10% of the share financing has been provided, and the remaining 90% also belongs to Xu Xing.

Tianshu Games and Tianxuan Information Services are also fully-owned, and Chime Takeaway has just raised 10% of its shares.

In addition, Xu Xing owns more than two-thirds of the shares in Bizhan, reaching 70%, while Chen Rui only holds about 22% of the shares.

After summarizing these, Xu Xing went to Kyoto during the National Day and invested in a large number of start-up teams, with shareholding ratios basically ranging from 10% to 25%.

For Xu Xing, as long as he firmly holds several important industries such as WeChat in his hands and develops them well, he will basically be in an invincible position.

For other additional industries, it is best if you can control them, but it doesn't matter if you can't. Anyway, with WeChat in hand, these industries must rely on them to maximize their benefits.

in short.

Join Alibaba? Yes, but not necessary.

"Mr. Ma, I think it's more comfortable to be my own boss." Xu Xing picked up the wine glass and touched it with Ma Yun, took a sip and continued, "Compared to what you said, I would rather do something substantial. Cooperation, for example... adding a Taobao to WeChat’s service center?”

"Is it free?" Ma Yun smiled at him, unable to see his embarrassment and dissatisfaction at being rejected.

"A nominal handling fee?" Xu Xing shook the red wine glass, "Just like your Alipay."

There are currently two recharge methods for Tianshu Games, one of which is through Alipay, and the other is the official UnionPay payment.

WeChat Pay, which is being prepared within the company, has not been put in place because it has just applied for an online payment license and the relevant procedures and legal requirements are still being arranged.

If an individual uses Alipay to transfer or receive money, Alipay will not charge any fees.

However, when transferring money between companies or between companies and individuals, there is usually a similar handling fee, which is probably between 0.35% and 0.55%.

Regardless of the small proportion, this collection fee alone can bring Ali at least tens or hundreds of billions in revenue every year in the era when mobile payment is becoming more and more developed.

From this we can see how terrifying the huge profits from online payment are.

This is just pure fee income, not to mention the various financial businesses of Ant Financial in Jack Ma’s hands.

Xu Xing was still quite greedy when he saw it, but it was still in the preparation stage and he needed to prepare slowly and not to scare the snake away.

Jack Ma obviously did not want to reach such a cooperation agreement before taking control of WeChat. The two chatted for a while and then settled down.

At 7:30 in the evening, both the guests and the host were enjoying themselves. Xu Xing got up and left Ma Yun, walking out of the box.

Ma Yun did not intend to solve everything with just one meal. After being led to the door of the hotel by Mr. Xu Xing, he stopped and said to Xu Xing: "Shanghai is a good place. It gathers the most prosperous finance and talents in the country. Wait. After this new year, I will probably come over to have some fun."

"Compared to Shanghai, Hangzhou is more humane. If I have the chance, I would also like to visit the West Lake." Xu Xingke responded in a formal way.

"The West Lake has a beautiful scenery and is very suitable for living." Ma Yun shook Xu Xing's hand meaningfully.

"After all, I am a native of Shanghai, so I should get used to living here."

…

In the restaurant, Li Zhibin stood up from his seat and responded to the toasts of classmates at another table.

Everyone has just graduated from high school about half a year ago and is still a freshman. There is not much intrigue, but they are simply envious of Li Zhibin's experience.

Being able to participate in US$15 million in financing and become the general person in charge of a company in a certain region is an achievement that is indeed difficult to conceal.

This also made Li Zhibin successfully become the focus of everyone at the class reunion.

As for class president Xue Weiqiang, he joined the Min University student union, received attention and cultivation from the vice-president, and participated in two on-campus competitions and awards in urban competitions.

You may even use it as a conversation piece in normal times to receive praise and admiration from your classmates.

But with the bug Li Zhibin present, even if Xu Xing, the biggest boss, was not present, it would be enough for Xue Weiqiang to feel uncomfortable.

Especially since he was one of the first classmates to know that Xu Xing was the founder of the takeaway, it felt very awkward.

If Xu Xing hadn't confirmed that he wouldn't come, he probably wouldn't have wanted to show up at this class reunion.

Well, that's right.

This class reunion was actually not proposed by Xue Weiqiang, but by other students who followed Li Zhibin to promote Eat Me in Kyoto, and everyone responded.

Although he has not yet come out of society, and no one is so realistic, Li Zhibin, the regional head of the takeaway, is here, and 15 million is in everyone's heart. There is no way to avoid this.

Li Zhibin naturally became the center of attention.

"Hey, hey, stop the respect, stop the respect!" Li Zhibin saw that these people were going to have another round, and immediately begged loudly for mercy, "Don't go too far! Are you really planning to drink me to death?"

"If you don't drink to death, drink to death. It's hard to meet Mr. Li today, but I have to let you lie down and go back." A classmate with whom I was well connected joked with a smile.

Everyone nearby also shouted and agreed, and the atmosphere was very lively.

At this moment, Li Zhibin saw a few familiar figures coming down from the stairs leading to the second floor not far away.

He drank a little too much tonight and thought he was being dazzled. He shook his head and looked carefully, only to realize that he had seen it right.

Xu Xing and Yan Chi are really jealous.

Okay.

You didn't come to the class reunion, so you were going out with your little girlfriend to have fun?

No wonder I had to come!

Grandma, she really values ​​sex over friends!

With this in mind, Li Zhibin waved his hands repeatedly, squeezed out from the crowd of classmates, and walked towards Xu Xing while saying, "Wait a minute, I'll grab a drinker."

At this time, Xu Xing had already sent Ma Yun out of the hotel and was about to pull Yan Chiju away, but was caught by Li Zhibin.

"You kid!" Li Zhibin is also drunk and cowardly. It is rare that he dares to call his boss such a name. "You can't come to the class reunion, but the result is a sweet two-person world with jealousy, right?"

When Xu Xing heard Li Zhibin's voice, he subconsciously turned around and looked around, only to realize that this guy was actually here. Then he glanced inside and saw many classmates looking this way.

Some people wanted to come over and say hello, but when they thought of the 15 million US dollars, they all stopped and felt too embarrassed to come over. They seemed to be in a hurry to get acquainted with each other, and they couldn't keep their faces off.

"You are here too." Xu Xing said, "I knew I would have moved to another place."

This restaurant is where Xu Xing's family often gathers for dinner. When he graduated from high school, he also had dinner here.

Even after returning from Kyoto during the previous National Day, the celebration wine was also here, so Xu Xing was also used to eating here, which was more to his liking.

In this case, it is normal for the class reunion to be held here.

"What do you mean by changing places?" Li Zhibin asked dissatisfied, "It's not easy to meet each other, come here for another drink?"

"Forget it, I didn't just come here to eat. I just finished talking about business with Jack Ma and drank half a bottle of red wine."

"Just brag." Li Zhibin curled his lips, "It's obviously just a date with Jealousy."

"No." Yan Chijie next to him said seriously, "Mr. Xu was indeed having dinner with Mr. Ma from Alibaba just now. Mr. Ma wanted to invite Mr. Xu to join Alibaba, but he was rejected."

Li Zhibin: "..."

"Are you two working together to deceive me?"

When Yan Chijuan heard this, his cheeks immediately turned red, but he still explained: "I'm not lying to you, I had an appointment to have dinner with Mr. Ma from Ali today, so Xu Xingcai didn't agree to come to the class reunion."

"Damn! It's true!" When these words came out of Yan Chiju's mouth, Li Zhibin believed most of them, especially before Alibaba had the intention to acquire WeChat, and now it's not impossible for him to come to his door.

But when he thought that Jack Ma from Alibaba had traveled thousands of miles to come to Shanghai to find Xu Xing in person, Li Zhibin felt that this world became increasingly unreal.

Well... Strictly speaking, the journey from Hangzhou to Shanghai cannot be said to be a long distance.

"Believe it or not." Xu Xing curled his lips and reached out to pat Li Zhibin on the shoulder, "I won't steal your limelight today. You eat and drink well. I'll go back first."

"You really don't want to go have a drink?"

"You can drink it for me." Xu Xing said with a smile, "I can come over and have a drink when I invite those classmates in Kyoto to have a meal alone next time."

"That's okay." Li Zhibin nodded and did not force him to stay.

But just when the three of them were staying at the door of the hotel, Xu Jian had already finished his meal on the stairs on the second floor, and came down with Zhang Qiang, the leader of the construction team, and Hu Yanyu and other engineers.

After paying the money, Xu Jian saw Hu Yanyu talking to his daughter Hu Hualin. He also noticed that the classmates at the three tables of classmates near Li Zhibin had all stood up and stood looking at the door of the hotel, not knowing what they were looking at. So I went over and took a look.

"What are you doing standing here?" Hu Yanyu asked his daughter curiously.

"Oh, didn't I tell you? Li Zhibin is in charge of the take-out business of E-Me in Kyoto, and his boss happened to be eating here too, so he bumped into her." Hu Hualin pursed her lips and gestured toward the entrance of the hotel, " Right over there.”

"Oh, I did." Hu Yanyu nodded, then asked suddenly, "You look very young."

"They are also our classmates. I told you, but you forgot again?"

"A little impression."

"Hey, don't you just think that we are just making a small fuss?" Hu Hualin curled her lips and then said, "Don't you know that some time ago, the takeaway we had just completed the first round of financing, and 10% of the shares were raised. It’s $15 million!”

"Ouch!" Hu Yanyu was shocked when he heard the news, "Is this much money real or fake?"

"What's the point of lying to you?"

"You can't say for sure, so don't let others fool you."

The father and daughter were talking here, and Xu Jian stood nearby, listening and looking towards the door of the hotel.

Xu Xing stood there talking to Li Zhibin, with his father watching him.

Did you eat takeout?

$15 million in financing?

Didn’t this brat get deceived by a pyramid scheme?!

(End of chapter)