My Age of Investment

  Chapter 373 Receiving bag (3300 words for monthly pass)

  "Would you like to let Yahoo participate in it? Does Mr. Sun say it?"

  Xia Jingxing gave Jack Ma a look, and the old man was more and more acting on his behalf, and you didn't say a word.

  Sun Zhengyi also noticed that Xia Jingxing was winking, smiling silently, as if Zhizhu was holding it.

  Jack Ma took a deep breath, “Daren, I also think it’s better to involve Yahoo!”

  Xia Jingxing was stunned for two seconds, and then furious, with a "bang", patted on the table, and both Sun Zhengyi and Ma Yun were startled.

  Especially Jack Ma, shrank his neck abruptly, thinking that Xia Jingxing was going to hit someone.

  Xia Jingxing is young and tall. He really wants to do it, he can't win.

  Fortunately, his worries did not become reality.

  Xia Jingxing stood up and said coldly: "Jack, are you kidding me?

  If this condition is met, Envision Capital will withdraw from Ari’s D round of financing. "

Jack Ma was about to defend, but Sun Zhengyi added fuel to the fire: "I have never seen such a low-quality investor, Dai Lun, put away your prestige, please leave immediately."

   Seeing the coldness on Sun Zhengyi's face, Jack Ma's face was full of worries and anxiety.

  Xia Jingxing understood a lot.

  Sun Zhengyi wanted to anger himself and force himself to leave.

  And Jack Ma was afraid that he would be fooled, so he left like this, and his strategy of uniting vertical and horizontal connections also failed.

  How could he be fooled by such a simple strategy?

  Actually, pat on the table and facial expression management are the basic operations of investors, in order to create a sense of tension, carry out psychological oppression, and facilitate negotiation.

  Of course, to master the degree, the fake drama is really done, it will be funny.

  Xia Jingxing ignored Sun Zhengyi, looked at Ma Yun condescendingly, and said coldly: "Jack, you need to give me a reasonable explanation."

  Jack Ma is not stupid. Seeing that there is still room for recovery, he quickly explained: “So, we want Yahoo to acquire the shares in Taobao in the hands of SoftBank, while Envision Capital and SoftBank will acquire the shares in Ari from other investors.

  Yahoo injected the acquired shares in Taobao and Yahoo China as assets into Ari, and Ari issued new shares to Yahoo.

  Vision Capital and SoftBank acquired 33% of the equity in the hands of other shareholders, and when new shares were issued, they had to dilute one round.

  Of course, Ari also needs a cash financing, which can be provided by Envision Capital and Yahoo. "

  Xia Jingxing estimated in his mind that this plan would be more beneficial to Yahoo, Softbank, and Ari.

  Yahoo China has injected Ahri, and Yahoo has shed its burden at high prices.

  Softbank cashed out a sum of shares through Taobao, recovered all the investment in Ari, successfully landed, and can continue to gamble in the future.

  Ari's original plan of "three legs", a new vision capital has been added, and it has become "four kingdoms for hegemony."

  As long as there are three shareholders other than Ari’s management, and any two of them have a combined equity of no more than 50%, Ari’s control rights are relatively stable.

  Of course, the total of the three shareholders must be greater than 50%.

  Because Ari’s management currently holds a total of 47% of the shares, more than half of the shares have been lost.

  Xia Jingxing thought carefully in her heart.

  Ma Yun looked worried, for fear that Xia Jingxing would refuse.

  This is the most beneficial plan for their management. The original three-legged plan, the close Yahoo and Softbank, can hold more than two-thirds of the shares, close to 70%, which is a great threat to the management of Ari.

   Pulling Envision Capital into the market and becoming three external shareholders will greatly improve the situation.

  But there is a premise, Xia Jingxing has to accept this plan.

  If Xia Jingxing refuses, he will return to the original point.

  Even if they returned to the original point and Yahoo continued to inject capital, the relationship between Ma Yun and Yang Zhiyuan would not be restored.

A trace of regret flashed in Sun Zhengyi's eyes, why didn't this young man be driven away?

  He and Yang Zhiyuan have joined forces these days to put pressure on Jack Ma to exclude Vision Capital from financing.

  They have used all the tricks, including liquidating Ari’s equity if they are ruthless, and no additional investment.

  Ma Yun is unmoved, insisting on pulling in Vision Capital.

  Then they had to play the emotional card again, telling the story of Softbank and Ari’s meeting at Wei Mo.

  Ma Yun is very grateful to Sun Zhengyi for his generous donation that year, but when it comes to corporate control, he still refuses to give in.

  In order for Vision Capital to successfully enter the market, Jack Ma paid a lot behind the scenes.

  The reason why Sun Zhengyi wanted to isolate Vision Capital was also to see the infinite dawn of Ari after completing this round of ultra-large-scale financing. He did not want to have a share of Vision Capital, which has nothing to do with them.

  Xia Jingxing pondered for a moment, it is almost impossible to acquire more than half of Ari’s equity.

  If you don’t talk about Sun Zhengyi’s attitude, Ari’s management will not agree. Isn’t this rejecting the tiger in the front and welcoming the wolf in the back?

  If this goal cannot be achieved, we can only lower our expectations.

   "We want 30% of the shares!"

  As soon as Xia Jingxing said it, Sun Zhengyi laughed and said: "This is impossible, Jack said, priority is given to ensuring that SoftBank holds 30% of the shares.

  The management holds 31% to 32% of the shares, and the remaining shares are divided by Yahoo and Vision Capital, each holding 19% or 19.5%. "

   Seeing the words provoked, Sun Zhengyi simply stated: "In this equity structure, the management of Ari is still the largest shareholder, and with any investor, the equity and voting rights can exceed 50%.

  The three investors, any combination of two, will not exceed 50%.

  I have to say that this is a very clever shareholding structure.

  I support this plan because it can give Jack peace of mind.

  Only when Jack is at ease, can Ari develop better and our shareholders can make money. "

  Sun Zhengyi looked at Ma Yun and said, "Jack, am I right?"

  Ma Yun laughed more ugly than crying, and looked at Xia Jingxing with some guilty conscience.

  Xia Jingxing looked at Ma Yun's eyes, and complained about why Ma Yun didn't tell him earlier.

  In fact, Ma Yun is not confident, and wants Xia Jingxing to face the pressure of Sun Zhengyi in person and feel his involuntary involuntary.

   Noting the eye contact between the two, Sun Zhengyi continued: “Dalun, don’t be dissatisfied with this plan.

  You know, I don’t welcome you to become a shareholder in Ari.

   is Jack, who has been fighting for you.

  And Jack agreed that SoftBank's shareholding reached 30%, I reluctantly agreed to this plan, and also convinced Jerry to agree.

how about it? If you feel dissatisfied, you can just get up and leave.

  If you think it is feasible, then we will communicate the follow-up details. "

  Xia Jingxing understands that Jack Ma, Yahoo, and Softbank have reached a reunification, and they have clearly arranged the Envision Capital.

  Thinking of this, Xia Jingxing felt that Yang Zhiyuan was a little timid, and he wanted to hold 30% of the shares. It should also be Yahoo. How could he get Softbank.

  However, considering that SoftBank currently holds 20% of Ari’s shares, it only increases its holdings by 10%, which is not significant.

   As for Vision Capital and Yahoo, their shareholding ranges from 0 to 20%, which is a relatively large range, and the funds and assets required are far more than those of SoftBank.

  From this perspective, it is much easier for Sun Zhengyi to persuade Yang Zhiyuan, or to persuade Yahoo’s management and shareholders.

  The investment in Ari is too great, and Yahoo’s management and shareholders also have different opinions.

  Xia Jingxing thought for a while, but she could only secretly scold Sun Zhengyi for being too yin-force.

  Ma Yun is also a good calculation!

  Relatively speaking, I and Yang Zhiyuan suffer the most.

  Especially Yang Zhiyuan, who originally expected to hold 40% of the shares, was halved alive, and he did not know what ecstasy was poured by Sun Zhengyi.

  "Dalun, can you please tell me something good?"

  Sun Zhengyi said that his voice was very bad, and all kinds of guns and sticks were attached.

  Xia Jingxing knew that there was a sense of dissatisfaction with a sudden kick in herself; it also meant to stimulate herself to get out.

  Of course, the most important point is that the other party and Vision Capital, or even have no relationship with oneself, and have no interest relationship, so naturally you don’t have to hold yourself.

  Xia Jingxing raised his mouth and was about to speak, but was interrupted by Sun Zhengyi: "Don't mention the increase in shares, this is the final plan."

  "It is very impolite to interrupt others. Is Mr. Sun Zhengyi also a low-quality investor like me?"

  Xia Jingxing was holding fire in her heart, and she also stunned Sun Zhengyi.

   Just as Sun Zhengyi doesn’t need to buy his account, he doesn’t rely on Sun Zhengyi for anything, so he doesn’t have to worry about it.

  And Jack Ma will support him. At present, the management of Ari is the one who finally makes the final decision.

  It’s just that Sun Zhengyi has an early advantage in investing in shares and has a great influence on Yahoo.

  Ma Yun is based on emotion, reason and reality, and he has to take care of Softbank's interests and emotions.

  Sun Zhengyi didn't get angry after being stunned. He sat there blankly, his mind was very calm.

  It can also be seen that the other party had deliberately angered Xia Jingxing before, and was not about to engage in a fight of spirit.

  Xia Jingxing looked at Jack Ma, who smiled bitterly and made an apologetic expression, very embarrassed.

   "Anyway, I will not agree to this plan, unless Envision Capital holds 30% of the shares."

  Xia Jingxing is barefoot and is not afraid of wearing shoes. Now he has basically understood the thoughts and fears of all parties.

  Ma Yun wants to attract Vision Capital to enter the market, but he must also set a range of holdings for Vision Capital. This range can not threaten the management and at the same time can check and balance Yahoo and Softbank.

  Yahoo and Softbank are in a group, they want to drive Envision Capital away, but Jack Ma is unwilling to live and die.

What Vision Capital wants to obtain can only be cut from SoftBank and Yahoo.

   Are the two parties unwilling?

   Then it can only put pressure on Jack Ma, who is struggling, and he will be the air bag and lubricant among the three parties.

  Sun Zhengyi knew exactly what the young man was making in front of him, so he ignored it.

  As time passed, the three people were silent in the room, and no one wanted to give in.

  In the end, Jack Ma couldn’t help it, and said to Sun Zhengyi: “Or it’s the plan. Ari’s management holds 31% of the shares, and the remaining 69% is divided equally among the three companies, each holding 23% of the shares.”

Sun Zhengyi was very dissatisfied with how the meat in his mouth could be vomited out. Moreover, this plan had long been rejected by him.

  Now Jack takes it out again, is it relying on the young man in front of him to support him?

"no!"

  Sun Zhengyi resolutely said: "If Jack, you have to do this, then SoftBank will liquidate all the shares of Ari and Taobao, and Yahoo will withdraw from its investment in Ari."

  Xia Jingxing would not be used to the old man, and said with a smile: "Okay, we will take over all the equity."

  Sun Zhengyi smiled disdainfully, "Let’s not say whether you can get the two billion, or even three billion dollars? Do you think Jack will agree?"

  Ma Yun smiled apologetically to Xia Jingxing, which is not in the interests of their management.

  Xia Jingxing quickly thought about the countermeasures in his mind, how to break the game?

  Now all three investors are relying on them, and they all understand the biggest fear of Ari’s management. No one can force anyone to make concessions.

  　Thanks to book friends 20200208222706222, 66 rewards all the way to the left!

  (End of this chapter)