Wall Street Legend

Merger is not impossible, and it can be discussed a few years later.

Ye Dongqing values ​​Wal-Mart's large employee base and influence on major trade unions, but it is definitely not possible to talk about mergers now, at least until Amazon's market value reaches 400 to 500 billion US dollars.

Many shareholders were persuaded by him and were willing to support Ye Dongqing to avoid Bezos agreeing to the conditions given by Wal-Mart.

However, after in-depth investigation, it was discovered that Wal-Mart had given a lot of verbal benefits to its middle and senior managers in its proposal. As long as the merger could be completed, it promised not to fire existing employees and would also give these employees equity rights. The reward is clearly an attempt to win over them.

This explains very well why Jeff Bezos has paranoid thoughts. It seems that the people under him have been drinking ecstasy soup a lot recently.

Wal-Mart has resorted to conspiracy and is willing to pay a high price. It can be seen that there must be someone among the senior management who is firmly optimistic about Amazon, or some shareholders want Wal-Mart to move closer to the title of "semi-Internet company". This will promote the development of the stock price and give it more development potential.

This is normal. The supermarket industry has developed over the years and is as big as Wal-Mart. It should look for other new markets. Unfortunately, it happened to be Amazon, which Ye Dongqing valued.

Judging from the current market value and merger price, Wal-Mart is actually considered kind. Otherwise, Bezos, who once said personally that "he will not sell the company's shares," would not be easily swayed. As long as he nods, his total wealth will increase in a very short time. It can increase by more than 60% within a short period of time. Everyone will be excited. It is nothing more than a matter of trade-offs.

Ye Dongqing sees things more clearly than anyone else.

It's useless to have him alone, you need the support of other people. After all, not everyone is as lucky as him. With the experience of making judgments about future development trends, more people can only take one step at a time.

I checked into the Hilton Hotel that night and didn't meet the Hilton sisters. I didn't rush to find Bezos the next morning. I went to Gates' house first to take a look at the whale sharks he raised and the things in the study. Collectibles, what others see as luxury and unbelievable, are just "ordinary life" in Ye Dongqing's eyes. She thinks it's pretty good, but doesn't make a fuss about it. Instead, she thinks there's something wrong with Gates's aesthetics.

You can't talk about the company's affairs casually, otherwise Ye Dongqing really wants to communicate with Gates. He knows that the opportunity to make money is in his hands, but someone wants to give part of this opportunity to those Wal-Mart shareholders. , no matter how you think about it, it is a very depressing thing. If Netflix makes him unhappy, it will probably be liquidated. However, Amazon has too much room for growth, and even Ye Dongqing is reluctant to part with it.

Carrying a piece of tiger-shaped bronzeware that he fell in love with, and a bottle of old wine from the 19th century, he swaggered away shortly after being a guest. There was no need to be polite to Gates. Gates didn't care if a robber came to his house.

Come to Amazon and talk to Bezos in person again.

It was noon, and Ye Dongqing had already bought a hot dog on the street and ate it. The taste was not good, and the low-quality cheese made him very unhappy. Sitting in the office, he crossed his legs and asked, "What did I talk to you about last night?" Do you remember things, right? I'm worried that you drank too much and forgot everything."

"I remember after you came. I drank two more drinks after you left. I don't remember the rest. I didn't expect you to have such a big reaction. In fact, I think the merger is a good thing. The problem between us This should be resolved first, and you can speak out now if you have any ideas.”

Disagreement between managers and major shareholders has always been a taboo in doing business. Bezos said it frankly. He really wanted to resolve the conflict before making a final decision.

The consequences may be serious, but the incident itself is not serious, it is just a disagreement, and it has nothing to do with character. Even if the couple occasionally quarrels, business partners will naturally encounter more problems.

"Let's put it this way, I think Amazon's current market value is far undervalued. It has every hope of growing into a giant similar to Microsoft, and it currently has no worthy competitors. It is partnering with an established retail company that has no future. It is tantamount to committing suicide.

My suggestion is that you wait a little longer, but it’s just a 60% premium. Maybe Amazon’s total market value will grow to that number by the end of the year. Why kill the goose that lays the egg? "

Ye Dongqing opened the window and spoke frankly: "Maybe other executives have expressed approval of the merger recently. In my opinion, they are mostly for their own interests and are not objective. You know what Wal-Mart promised them and you. Look. With such an astonishing revenue growth rate and an increasingly large user base, why should you be anxious? Why don’t you want to annex Wal-Mart, but become a part of it?”

He was really concerned. It had been a long time since he had paid attention to business, and it had been a long time since he had spoken such a long paragraph just to persuade someone. Usually it was others who tried to persuade Ye Dongqing to get his consent.

This made him pay more and more attention to the importance of the right to speak. To be fair, it was much easier to persuade Jobs than to persuade Bezos. The former could be said to work for him, but the man in front of him was the actual person in charge of Amazon.

Bezos probably didn't expect that Ye Dongqing had such high expectations for Amazon. The current market value of Microsoft is more than 20 times that of Amazon. Seeing that Ye Dongqing's face was serious and did not look like he was joking, he began to reflect on his own thoughts. Is it correct? After the merger, will the benefits really outweigh the disadvantages for Amazon?

After listening to Ye Dongqing's words, the originally positive answer turned out to be ambiguous. He finally changed his mind, rubbed his eyebrows and said: "I just have this idea now, and I haven't really decided how to choose. I will seriously consider it." Your suggestion, what would you do if, I mean if the outcome was different from what you thought?"

"... Clear out all Amazon stock and support eBay instead, or set up a company of your own with the influence of Wal-Mart. I think it won't be too difficult to defeat Amazon by then. In this kind of business that involves money, I never talk big."

I have the confidence to say this.

Ye Dongqing doesn't want things to go to the bad side, but he is not afraid of encountering difficulties. With many companies with large user bases in hand, he can indeed quickly create a new company. He already has experience in starting a business in China. It is estimated that It’s not too difficult, and you don’t have to worry about running out of customers.

Bezos believed that he could really do such a thing, and the balance in his heart quickly shook.

Next, they had an in-depth conversation and exchanged some opinions and ideas. Ye Dongqing didn't know whether he could convince Bezos. What he knew clearly was that he would not be convinced by Bezos...