If Xiao Qi mentions a person and what his relationship is with Sun Zhenyi, then everyone will know.
This man is called Ma Yun. When he founded Alibaba, he was looking for people to invest everywhere. Yang Zhiyuan of YAHOO was a little disdainful at first, but when Ma Yun met Sun Zhenyi, Sun Zhenyi only listened to what he said for less than 10 minutes.
It has been decided to invest in Alibaba.
And he is not as stingy as Yang Zhiyuan. It was he who encouraged Alibaba to spend money boldly and quickly, and provided sufficient funds, so that Ma Yun had the ambition to develop Alibaba.
Even when Taobao.com was established in the future and it was at odds with EBAY, it was only because of Sun Zhenyi’s support that it was possible to succeed in EBAY so smoothly.
To a certain extent, Sun Zhenyi is Ma Yun’s mentor when he entered the Internet industry.
It's just that later on, Ma Yun, a man who was born with great talent but not good talent, was tempered by the Chinese market and surpassed Sun Zhenyi.
However, Sun Zhenyi has always held 30% of the shares of Alibaba Group in his hands, and has never meant to sell them back to Alibaba. This made Ma Yun very troubled, but he was helpless.
Based on the valuation of Alibaba at the end of 2013, at least this 30% stake would be worth US$45 billion, which is higher than the current market value of the entire SoftBank Group.
By 2013, SoftBank Group's market value exceeded US$89 billion, and most of the reason for this was Alibaba's stock.
Xiao Qi does not like SoftBank Group, and he is even less likely to go to Japan to control their telecommunications and mobile phone businesses. The only thing he likes is the Alibaba stock in Sun Zhenyi's hands.
In his previous life, Ma Yun went to Japan almost every week to discuss his willingness to redeem his shares with Sun Zhenyi, but Sun Zhenyi did not agree. The e-commerce boss who was the most famous in the country was completely helpless in front of Sun Zhenyi.
However, compared to Ma Yun, Xiao Qi has many advantages.
First of all, Ma Yun went to Sun Zhenyi after he worked hard to make Taobao.com account for 80% of the Chinese market. At that time, even an idiot could see the irresistible power of Taobao.com and Zifubao.
,How could Sun Zhenyi sell his shares?
Things are different now. Taobao.com is still operating slowly. It has not experienced the outbreak of the economic crisis after 2008 and the advent of the Internet era. The shopping habits of Chinese netizens have changed... Ma Yun is still just an outstanding businessman.
He was far from reaching the heights of the godfather of Internet commerce he would become in the future.
At this time, Sun Zhenyi was only very optimistic about Alibaba and Taobao.com, but he was not completely unable to let go of them.
Xiao Qi made a big mistake before.
He offered Yang Zhiyuan a sky-high price of US$10 billion to purchase 40% of Alibaba's shares from the beginning. With his current status, does this clearly tell others that he is very, very optimistic about Alibaba?
It would be fine if it were any other Americans. Anyway, they don’t seek the best interests. They can let go after making a lot of money. But they met a stubborn Yang Zhiyuan, so the sky-high price of 10 billion US dollars not only did not have a good effect
, instead made Yang Zhiyuan feel that the Alibaba shares in his hands were a priceless treasure.
Looking back now, if Xiao Qi started quoting from 1.5 billion and then slowly worked his way up, maybe he could get it down to 10 billion.
But after rebirth, there is no if.
Xiao Qi can only learn a lesson and reorganize YAHOO, but also be cautious on Sun Zhenyi's side.
You must know that Sun Zhenyi is a more narcissistic and stubborn tyrant than Yang Zhiyuan. Even Yang Zhiyuan cannot compare with him, because Sun Zhenyi has controlled the SoftBank Group from beginning to end. And Yang Zhiyuan has been kicked out several times.
Then the second point is that since Sun Zhenyi is such a cautious person and wants to control everything, it is impossible for Xiao Qi to negotiate business with him normally.
In particular, Sun Zhenyi uses Japan's Rakuten Mall as a template to view Alibaba.
Think about the unparalleled situation of Lotte Mall in Japan. The Chinese market has a population more than ten times that of Japan and a territory that is twenty times wider. It must be so fascinating.
Moreover, Sun Zhenyi has never been short of money from beginning to end, so the possibility of using money to tempt him to sell his shares is still very low.
Then the only solution is to go head-to-head.
Xiao Qi's plan is very simple. After holding the shares of SoftBank Group, he will talk to Sun Zhenyi.
Sun Zhenyi holds 20.9% of the shares of SoftBank Group, which is an extremely huge proportion for listed companies in Japan. This also ensures Sun Zhenyi's status in SoftBank Group.
But in this world, except for the oil tycoons in the Middle East and some hidden hereditary families, no one can have more money than Xiao Qi.
If SoftBank Group were not a listed company, it would be a bit more difficult. Since it is a listed company, it is not impossible for Xiao Qi to directly engage in hostile acquisitions until 51% of the shares are obtained if negotiations cannot be reached.
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Isn’t it just spending money to buy stocks at higher prices?
With Citi's help, Xiao Qi can achieve his goals with less money.
At that time, Sun Zhenyi's shares will be lower than Xiao Qi's, so what else can he do?
In order not to lose control of SoftBank Group, he had no choice but to surrender and sell Alibaba's shares to Xiao Qi.
Some people may want to ask, if Xiao Qi controls 51% of the shares, why doesn't he directly announce the sale of Alibaba's shares to Fairy Company as the absolute controlling shareholder?
In this world, it is not actually the case that 51% can do whatever they want, that is only under normal circumstances.
If a very serious matter is involved, and there are huge differences and conflicts between the management and the controlling shareholder, two-thirds of the shareholders must approve it for the resolution to take effect.
In other words, if Xiao Qi, the largest shareholder of SoftBank Group, insists on selling Alibaba's shares, then Sun Zhenyi can directly convene a shareholders' meeting and let everyone hold a referendum. Do you think those Japanese people believe that Sun Zhenyi is better, or do they believe in Xiao Qi?
Strangely better?
Even if Xiao Qi bought 66.7% of the shares, it would be useless.
Sun Zhenyi can apply to Japan's securities regulatory authorities, the Ministry of Economy, Trade and Industry and other relevant authorities to declare Xiao Qi's decision invalid in the name of illegally harming small and medium-sized shareholders, and then the Japanese will slowly torment Xiao Qi together.