What's wrong with me being a rich man?

Chapter 172 Goal
There is no need to mention the popularity of penguins.

It has the largest traffic among domestic Internet companies, and its development and spread speed is the fastest.

According to the latest statistics this year, the number of visits to Penguin Portal surpassed Sina, NetEase, and Sohu, becoming the number one portal in China. Penguin Games' revenue in the second quarter surpassed Shanda for the first time, becoming the new king of games. Penguin's market value exceeded HK$2500 billion, making it the world's third largest Internet company after Google and Amazon.

Many foreigners who come to China to study the development of the Internet often fly south as their last stop, with the goal being the Penguins in Shenzhen.

Bai Xiaosheng is just a small workplace platform, and Yu Xing is just a small grassroots entrepreneur.

Even so, Yu Xing had to feel the shadow from Penguin at the beginning of Bai Xiaosheng's development.

"If Penguin wants to do a project like yours, what would you do?" This is a question that many entrepreneurs have had to face frequently in the past two years.

——Penguins have a stance.

Because of such clever positioning, Bai Xiaosheng used the threat of penguin-octopus-style development to successfully impress investor Xu Xin and make her agree that the direction of vertical segmentation is feasible.

Of course, such a booming giant, such an Internet company that continues to conquer other industries, is not far from collapse.

When Yu Xing saw the report about Bai Xiaosheng, the headline article on the cover of Computer World, titled "The Penguin of the Dead", came to his mind.

And then, the 3Q war broke out.

Both of these events shocked the industry.

However, these are still just at the level of public opinion and do not pose a threat to Penguin's actual business operations.

Yu Xing thought about this and his previous plan, which was to take advantage of the mobile wave to develop a communication software. However, he was weak and could not compete with Penguin just like MiTalk in history. However, he could sell it to Alibaba and then make a profit from shorting Penguin.

As for whether they can defeat the Penguin directly with this small time difference...

The mobile wave did have a chance to shine, but Lei Jun's Mi Chat failed, Sina's micro-chat, which relied on Weibo's resources, didn't make much of a splash, and almost no one knew about the competing product jointly launched by NetEase and Telecom...

Penguin is very strong and naturally has many advantages in the core track on which it relies for its prosperity.

I just don’t know what Alibaba can do if it can really create the negative conditions as imagined.

Yu Xing has been concentrating on Bai Xiaosheng's new business recently. When he saw the report from Penguin, he felt eager to make some moves again. He thought that if he could do this, he should be able to retire.

But he suddenly thought of Bi Sheng, who had achieved personal wealth freedom and continued to struggle. Although his life was rough, his spirit...

Yu Xing's imagination ran wild.

Seeing that his senior brother was thinking, Lu Haiying did not disturb him. But when she saw that an advertisement popped up on the laptop screen and his senior brother still didn't move, she could not help but cough.

Yu Xing's mood of "turning the world upside down" was interrupted, and he could only sigh: "The storm is coming."

"Yes." Lu Haiying agreed solemnly, "The storm is coming."

Yu Xing shook his head and said, "We are not talking about the same thing."

Lv Haiying was puzzled: "?"

"That's not bad." Yu Xing shook his head again and pointed at the report on the screen. "It's not a very novel argument, it's just occupying a moral high ground, it's not a very good accusation, it's just destroying the business environment, and it's not something difficult to understand. You should just accept the torture."

He concluded: "In four words, we are illegally disclosing."

Lv Haiying couldn't help but laugh and said, "Brother, your summary is quite accurate. Are you just going to ignore it? Penguin's reputation is not very good. I think many companies have serious complaints about it."

Yu Xing shook his head and said, "We run a platform. Since we can talk about others, we naturally have to allow others to talk about us."

Lu Haiying nodded sincerely, thinking that her senior brother was really magnanimous.

Yu Xing pondered again and said, "Wait for it to ferment and ferment. Don't be impatient. There will be a chance."

Lu Haiying praised in her heart that her senior brother had a clear distinction between love and hate.

She hesitated for two seconds and said, "Then I will simply respond on the forum using my account? Just use what Senior Brother just said?"

"No, Penguin is too big, and your response is at most a dispute between the two companies." Yu Xing said his thoughts, "After all, the main function of our platform is just workplace social networking, so it's fine to just ignore it. If we really want to separate something out, we need a more neutral media to do it. Don't be impatient or panic. Don't try to prove yourself when someone accuses you. This is very passive."

He continued, "Our top priority is still to build up the recruitment business, open up the company's revenue and expenditure cycle, and then get the second round of money from the agencies to continue to promote our business volume. If we can do these, the chances of our company's survival will be greatly increased."

Seeing that her senior was really calm, Lu Haiying's inevitable panic completely dissipated, because Kong Huilin once worked at Penguin, a domestic giant's portal website, and had reported positively on Bai Xiaosheng. But she really couldn't sit still when she was suddenly "exposed" like this.

The office became quiet again.

Yu Xing took a pen and wrote and drew on a notebook, thinking about how to get involved. At worst, when Computer World could no longer tolerate the situation in the industry, Bai Xiaosheng would publish it at the same time, which would be a small way to vent his anger.

The problem is that he is not satisfied with just venting his anger, but is more concerned about how to gain the greatest benefit.

If you want to create the conditions for shorting Penguin, you must first have some available resources and funds.

It is not known whether the money from shorting Sino-Forest this time is enough. Even if it is enough, it needs to allocate a portion of it as a reserve for Bai Xiaosheng’s development.

Alibaba’s Alipay shares should have been transferred, right?

No matter how you calculate it, we should start by the end of this year.

Yu Xing picked up a pen and wrote down the date, "2009.12", and then wrote down his name, "Ali". Then, he thought for a moment and wrote down another name, "Yahoo".

His initial consideration was to have Bai Xiaosheng expose the problems of Alipay and attract a wave of user traffic at the same time. This way, he would not have to go over the mountain and could just quietly build up a position.

However, Bai Xiaosheng's behavior was indeed very hateful.

Now that I think about it, I decided to use Shanfeng. If I could successfully short Sino-Forest, it would be my second success after Fenzhong Media. As a short seller, I should have some fame and credibility.

Moreover, there is no need to conduct any research on Alibaba's matter. As long as the news is released, both Yahoo and Alibaba, a listed company, will have to give an explanation. By then, they will naturally complete the research conclusions themselves and provide the chips for this short selling.

However, Alibaba's e-commerce foundation is very stable, and its stock price will definitely rebound quickly, so it can only take a small bite. Yu Xing determined the approximate time and planned to wait until December to pick an auspicious day for Alibaba. In this way, Alibaba would first allocate funds, and he would prepare the funds to snipe Penguin, then make software and spend money on promotion. If he could see a chance to win at that time, he would continue to do it himself. If he could not see any chance, he would let Alibaba take over and then use the news of Alibaba's entry to short Penguin.

He thought calmly for a while, reached out and tore the page in the notebook into pieces, let out a long breath, and focused on his work again.

That evening, Yu Xing called Xiaoying to his office and informed her to make some preparations for Alibaba and Yahoo.

"Ah?" Liu Wanying was surprised. "Isn't Penguin's website reporting on you? Why do you want to work for Alibaba? Not to mention the risks of companies like Alibaba and Yahoo..."

"Penguin's issue is not urgent, but Alibaba's issue is urgent." Yu Xing leaned against his desk, patted the back of the computer screen, and said seriously, "I have news that Alibaba's Alipay shares have been transferred. Then, I looked through the recent announcements of Yahoo and Alibaba, and didn't see this news at all."

Liu Wanying was even more surprised.

Many thoughts flashed through her mind, but were quickly suppressed by the reputation of Alibaba and Yahoo. She hesitated and said, "What's your news? Is it reliable? It can't be that serious. They are both listed companies. Assets like this..."

Liu Wanying shook her head: "This must be fake news. How is this possible?"

This news is unbelievable.

Alipay is the online payment tool with the largest market share in China. In addition to Alibaba’s own business, it has penetrated into various fields of e-commerce. Companies like JD.com, Dangdang, Amazon, etc. now have interfaces.

How could such an important asset transfer not be announced?
Liu Wanying subconsciously gave a rough valuation. At this moment, the tool Alipay alone is worth at least US$10 billion, not to mention its future growth potential.

Therefore, it was hard for her to believe that Boss Yu had such a source of information.

Liu Wanying looked at Yu Xing, who looked serious, and said thoughtfully, "Turn on your computer and show me the news."

Yu Xing shook his head: "I have deleted it. I am worried that other people in the company will see it."

Liu Wanying asked again: "Who gave this news?"

Yu Xing vaguely said: "A former senior executive, we didn't discuss this formally, but we talked about it. We were originally talking about vertical e-commerce, JD's B2C, and JD's payment tools. Then, I talked about the payment licenses that are being prepared in China. The higher-ups have been discussing this since 05, discussing the proportion of Chinese and foreign capital holdings in third-party payment companies."

"We had some differences of opinion. He said that it is impossible to exclude foreign investment in domestic payment licenses because many companies have them, such as Penguin, and Penguin's Tenpay has a certain market share."

"I said that the meanings are different and cannot be compared, because Alipay occupies too much market share and cannot be measured by other companies at all. Therefore, this must be its hidden danger."

Yu Xing spread his hands when he said this: "Then, I said that we must set up a domestic company before operating, and finally there was news that he was already doing it."

Liu Wanying listened to this series of descriptions and couldn't help but ask, "Is he mentally ill?"

Yu Xing spread his hands again.

Then, he gave a clue that pointed to something: "I won't mention his name. He used to be a very senior executive. His wife is still working at Alibaba. Well, it seems that his wife will be in charge of Alipay."

Liu Wanying carefully put the clues together in her mind and wondered, "How did you get to talk to Sun Tongyu? What's the connection between the two of you?"

Sun Tongyu was the former president of Taobao, but has now resigned. The reason is said to be that his direction was not in line with Ma Dian's.

"A very high-ranking executive", "My wife works at Alibaba", "I will be in charge of Alipay"...

Liu Wanying was familiar with the senior executives of the giant Alibaba, and it was easy for her to guess who was behind the scenes.

Yu Xing was surprised and pointed at Xiaoying: "You..."

"Here, here, here, what's wrong with me?" Liu Wanying shook her head. "Do you think it's hard to guess? But to get this kind of information in this way... Well, I can only say that you are born a know-it-all."

Yu Xing neither admitted nor denied it, and answered the above question: "I have some knowledge in vertical e-commerce. I can talk to anyone. Even if Ma Dian comes, I can talk to him too."

Liu Wanying believed in this logical chain.

She paced around the office for a long time and said, "We can wait and see whether these two companies will announce the news."

"Eventually, this kind of thing cannot be hidden," Yu Xing said. "We need to take advantage of the time they are hiding to make a profit. I don't know if we can wait until the money from Sino-Forest is allocated."

Liu Wanying acknowledged this time period and slowly said, "Yahoo invested in Alibaba in 05. I remember the news disclosed before that all asset changes under Alibaba Group had to be approved by the board of directors or shareholders' meeting. The amount seemed to be more than 1000 million US dollars. Alipay definitely exceeded this limit."

Yu Xing nodded: "I feel that this is most likely true, because it involves a payment license. Now the regulations have not come out, and it needs to be prepared first. If the regulations come out, it will be more difficult to deal with. Now it is a fait accompli. We don't need to deal with the issue of Alipay and the payment license. We only need to deal with public opinion, shareholders and the market. It can be regarded as focusing on the big and letting go of the small."

Liu Wanying's eyes lit up. This made sense. Alibaba would certainly attract criticism for doing this, but compared to the control of Alipay and the smooth issuance of payment licenses, all other contradictions were minor.

She walked around the office twice more and agreed, "It depends on when Sino-Forest will pay. If there is no announcement by then, it is worth it for us to gamble with part of our funds."

"Deduct Bai Xiaosheng's financing needs from my share of the money, and put up the rest." Yu Xing gave a clear guideline.

Liu Wanying frowned: "It makes sense logically, but the authenticity of this news...I'm afraid it's difficult to cross-check it from multiple sources."

Yu Xing said simply: "It's a bet."

Liu Wanying asked, "What if you lost the bet?"

"Don't you want to keep some of it?" Yu Xing said with a smile.

Liu Wanying was speechless.

After a long while, she sighed and said, "This is real inside information. However, if Guo Shanfeng shorted Alibaba based on this information, would your conversation this time be suspected?"

"It was just a normal chat. I didn't show any abnormality, and we continued chatting." Yu Xing shook his head slightly. "Who would have thought that behind Guo Shanfeng was an ordinary entrepreneur? There must be someone involved in this matter. It's worth the risk."

Liu Wanying nodded. She didn't expect that Guo Shanfeng's third short-selling target would appear in front of her so suddenly.

Yu Xing heaved a sigh of relief, thinking that the matter was over, and announced: "Let's talk about Penguin, it is also our short-selling target."

Liu Wanying was confused and dazed for a moment, huh?

Is the fourth one even more unexpected?

(End of this chapter)