Chapter 1112 - Everyone is smart
Chapter 1112 – Everyone is smart
Two days later, China’s first Internet Summit ended. Some participants left, and some managed to negotiate cooperation. Some companies even merged or got acquired.
Some participants left with a smile, while some fall out with other participants. A few of them even quarreled there.
Feng Yu remained in the Wind and Rain building to wait for Ma Yun’s reply.
Finally, Ma Yun called Feng Yu. He discussed with his other shareholders and wants to meet Feng Yu to talk about the contract details.
Feng Yu welcomed them and invited them to his office.
Zhong Qingxian, Liu Chuanzhi, Ma Yun, and the company’s CFO. The CFO was the representative of the company that wanted to invest in Ma Yun. But Ma Yun persuaded him to resign and join him.
This person had given up a seven-figure USD annual salary to join Ma Yun. His current salary is only 500 RMB now. This is because Ma Yun’s salary is also 500 RMB now.
Ma Yun had no choice. The company might have a lot of funds, but they have high expenses too. That’s why they had to save every cent they have, and the company can only afford to send only Ma Yun and his CFO to this Summit by train.
Ma Yun’s company only has a Songjiang Olympic and IVECO, and both are second-hand. Most of the time, Ma Yun and his staff had to ride bicycles in Hangzhou, as they cannot afford even a scooter.
“Have a seat.” Feng Yu sat on the sofa.
Zhong Qingxian and Liu Chuanzhi sat down casually. In contrast, Ma Yun and his CFO sat down cautiously, with half of their butt touching the sofa.
Zhong Qingxian reached over to open a small cabinet beside him. It is a small refrigerator and took out some drinks.
“Old Ma, relax. Manager Feng is not particular about formalities.” Zhong Qingxian laughed.
Ma Yun picked up a can of Refreshing Cola and took a sip. “Manager Feng, this is my company’s CFO, Cai Zhongxin. He had helped the company a lot.”
Feng Yu looks at Cai Zhongxin. This is the investment manager Ma Yun recruited?! How come he looks familiar? Feng Yu felt he had seen this person’s picture on the internet in his previous life. Still, they could not remember many details about him.
“Hi.”
“Good afternoon, Manager Feng.”
“Old Zhong, Old Liu, why didn’t you inform me that you all had invested in such a good company?” Feng Yu pretended to be angry.
“Manager Feng, you are not in China most of the time. How do we know that you are still interested in investing in China companies?” Liu Chuanzhi laughed.
“I will not miss any opportunity to make money.” Feng Yu jokingly replied.
Zhong Qingxian laughed and shook his head. The amount of donation made by Feng Yu every year is more than what many people can spend in a few lifetimes. Yet, Feng Yu sounds like every cent is important to him.
“Stop kidding with us. Manager Feng, do you know Old Liu, and I wanted to increase our stakes in this company after we know you want to invest. But Old Ma said that cooperating with you will make the company more successful.” Zhong Qingxian replied.
Feng Yu almost vomited blood after hearing what Zhong Qingxian said.
If you all did not invest in Alibaba, I would get more shares!
But this is not a big problem, as long as Feng Yu can get a share. Furthermore, Zhong Qingxian and Liu Chuanzhi are his friends, and it is better than letting Sun Zhengyi invest in Alibaba.
“Indeed. It will be hard for you all to succeed if I am not involved. Our cooperation will be a win-win situation for all parties.” Feng Yu replied confidently. “Manager Ma, what is your condition for our cooperation?”
“Firstly, we want to be an eCommerce website. But we need the support of the traditional businesses, especially your Tai Hua Supermarket. I hope Tai Hua Supermarket can exchange some shares with Alibaba. Some shares will be fine.”
Ma Yun wanted to exchange more shares, but Tai Hua Supermarket had grown too big. They have over 200 hypermarkets and almost 300 supermarkets now. They are the top retailer in Asia.
It is an honor for the companies to sell their products in Tai Hua Supermarkets, as it represents their products’ success and quality.
Tai Hua Supermarket Group’s market value is over 2 billion RMB, and some people said it should be worth over 1 billion USD. If Tai Hua Supermarket wants to sell themselves, many overseas supermarket chains will be waving their checks to acquire them.
Some people claim that the Chinese market is worth half of Europe. Although this is a bit exaggerated, it also shows the importance of the Chinese market.
Feng Yu thought for a while and replied. “No problem. I can agree to this condition. You all can discuss with Li Family’s second master. Old Zhong, have you thought of how to exchange the shares?”
“Yes. But we need to discuss with the Li and Fu families.”
“Let’s continue. I want to know what other conditions you all have.”
“We also want to exchange shares with eBay and Amazon.” Ma Yun continued.
“eBay’s market value is worth more than 1 billion USD. Although Amazon is not listed, it’s potential is not lower than eBay. If you exchange your shares with them, I will become the controlling shareholder of Alibaba.”
Those companies are worth more than a few hundred times compared to your company. They can use less than 1% of their shares to exchange for more than half of your company’s share. How are you going to exchange it?
Ma Yun and Zhong Qingxian exchanged looks and asked. “I remembered you do not have shares in eBay. It’s your friend that owns eBay shares, right?”
“That’s right. It’s my close friend from Russia. Kirilenko. Old Zhong and Old Liu also know him.”
Zhong Qingxian and Liu Chuanzhi exchanged looks. It’s really Russia’s top billionaire.
“Then I hope we can exchange shares with these two companies after Alibaba is developed. But it will be safer if you can own some of eBay’s shares now.”
“No problem. Exchanging shares in the future is also part of my plan. As for the eBay shares, you all don’t need to worry. Most of Brother Ki’s investments are my suggestion. If I want to exchange shares with him, he will not refuse!” Feng Yu is very confident about this.
“Alright. Manager Feng, you will invest a sum of money for some of the company’s shares. I hope you can invest 10 million USD for 25% of the shares.”
Feng Yu made a mental calculation. This price is slightly high, but it’s fine. 10 million USD investment will get him a few billion USD in the future. This is still a great deal.
“No problem! I agree.”