Rebirth 76: Industrial Internet Empire

"I disagree! Going to discuss financing with Zhiyuan Group at this time is not inviting the wolf into the house! I have studied many investment cases of Zhiyuan Group. No matter what kind of company it is, once Zhiyuan's capital is introduced, it will eventually be unable to escape the fate of being controlled!" Wang Zhidong objected with excitement.

The so-called enemy of my enemy is my friend. Although Duan Yongji didn't know why Wang Zhidong had such a big reaction to the introduction of Zhiyuan, he could just take advantage of this and kick Wang Zhidong out!

Yang Mo and himself are both natives of Yanjing. When shareholders have disagreements, he won't favor foreign capital, right?

Thinking of this, Duan Yongji said earnestly: "Mr. Wang, how can we say that cooperating with Zhiyuan Group is inviting a wolf into the house? On the contrary, I think that if we can cooperate with Zhiyuan Group, Sina will develop on a larger platform, capital market We will also revalue Sina!"

"Yang Mo wants more than just 20% of the B-round equity financing! What he wants is the absolute controlling stake in Sina!" Wang Zhidong retorted.

"As far as I know, even if Zhiyuan Group controls a certain company, it will not interfere with the operation of the company. This is the case for Cisco, Amazon, and Yahoo. After these Internet companies joined Zhiyuan Group, their market values ​​skyrocketed and they became the leaders of their respective industries. Enterprise..." Duan Yongji continued.

"Then let's vote! If you agree to introduce Goldman Sachs to lead the B-round investment as soon as possible, please raise your hands if you refuse Zhiyuan's acquisition of Sina!" Wang Zhidong finished speaking with a livid face, and was the first to raise his hands!

But what disappointed him was that only three small shareholders raised their hands after him, and even James, who had always been with him in advance and retreat, did not raise his hands.

Wang Zhidong continued with a dejected look on his face: "If you agree with Zhiyuan Group's acquisition of Sina, please raise your hands!"

Several major shareholders raised their hands in unison...

"Even so, you can't succeed! Zhiyuan Group will never be willing to accept only 20% of the equity..." Wang Weidong said angrily.

"No matter what, there is no harm in making contact first. I propose that Mr. Wang, on behalf of Sina.com, discuss cooperation matters with Zhiyuan Group..." Duan Yongji suggested.

.........

Zhongguancun Zhitong Building.

Zhiyuan Online Payment Company conference room.

Han Xinyuan pushed open the door of the conference room and said with a smile: "Mr. Wang, I just attended an important meeting and kept you waiting for a long time..."

"Mr. Han, you're welcome! I just arrived too!" Wang Yan also said with a smile.

"Mr. Wang, you are a senior in the Internet industry! Sina has also developed very well in the past two years. We will have to travel frequently in the future. Maybe there will be any cooperation opportunities!" Han Xinyuan said politely.

Wang Yan chuckled and said: "I came here today just to talk about cooperation with Zhiyuan Group..."

"Oh? What kind of cooperation method?" Han Xinyuan asked with interest.

Wang Yanlue pondered for a while and then continued: "Mr. Han, you should also know that Sina has been expanding rapidly in recent years. The money from the A round of financing has almost been spent. We are preparing to launch the B round of financing. I don't know that Zhiyuan Group Are you interested in participating?”

"Can I see your B-round financing plan?" Han Xinyuan asked calmly.

"Of course!" After Wang Yan said this, he took out a stack of documents from the briefcase he carried with him and handed them to Han Xinyuan.

"20% equity financing of US$2500 million?" Han Xinyuan asked.

"Yes, the valuation of US$500 million is already relatively low. Sina's valuation on Wall Street is actually close to US$1.5 million, and there is still room for further growth!" Wang Yan explained.

"Mr. Wang, to be honest, Sina's development in the past two years has been really good. If it hadn't conflicted with the group's development strategy, our Zhiyuan Network Payment Company could have participated in your equity financing..." Han Xinyuan said apologetically.

"Is it in conflict with the group's development strategy?" Wang Yan asked in surprise.

Han Xinyuan seemed to have let something slip, and quickly explained hesitantly: "No... no, maybe I am not very strict in my statement. What I mean is that Zhiyuan Group rarely invests in companies that cannot be controlled, and Zhiyuan Group is still a major player in Yahoo!" Shareholders, there is a conflict of interest..."

"You mean Yahoo is also planning to get involved in Chinese portals?" Wang Yan asked quickly.

"Haha, this is a matter at the group's strategic decision-making level, I'm not sure about it!" Han Xinyuan explained.

"Mr. Han, can you let me meet Mr. Yang Mo? I heard that he happened to be in Yanjing recently..." Wang Yan was still unwilling to give up.

"Mr. Yang happens to be here today, but he has made an appointment with two important guests, so I'm afraid he doesn't have time to see you!" Han Xinyuan said with an embarrassed look.

"I can wait for him for a while. Could you please help me ask if he has time? Please!" Wang Yan said with hope.

"Okay! Please wait a moment..."

Han Xinyuan stood up and left for a while before returning to the conference room.

"How's it going? Does Mr. Yang have time?" Wang Yan asked.

"We, Mr. Yang, have half an hour between ten and 10:30. The staff will take you there then..." Han Xinyuan looked up at the clock on the wall of the conference room and said.

.........

At ten o'clock sharp, Wang Yan came to the reception room under the guidance of the staff.

As soon as he turned around, Wang Yan saw Yang Mo personally escorting the guest to the door of the reception room from a distance. Wang Yan couldn't help but feel a thump in his heart. He was so familiar with that guest. He was none other than Sina's biggest competitor, Ding Lei!

"Mr. Wang, I'm very sorry! Today's schedule is too full..." Yang Mo explained with a smile.

"Mr. Yang, you're welcome! I took the liberty of visiting you. Thank you for taking time out of your busy schedule to see me. I'll keep the story short..." Wang Yan said politely.

Yang Mo chuckled and said, "Okay! I'm all ears!"

"Mr. Yang, our Sina is about to start the B-round financing. I wonder if you are interested in participating? This is our financing plan, please take a look!" Wang Yan continued.

Yang Mo took the financing plan and browsed it for a while and then said: "Mr. Wang, 20% of the equity is too small and does not conform to the overall development strategy of Zhiyuan Group!"

"The overall development strategy of the group?" This was the second time Wang Yan heard the word group strategy in just two hours.

Yang Mo explained with a smile: "Your Sina's equity structure is too dispersed. Once there are differences in management concepts, for example, our Zhiyuan Group supports you, Mr. Wang, and Wall Street capital supports Wang Zhidong, it will lead to the inability to unify the government orders, or even change them overnight. Zhiyuan Group has no I have no energy to participate in this kind of equity struggle, so the group board of directors has designated an unwritten rule to try not to participate in investments in companies with unclear equity!"

Although it was just an analogy, Wang Yan felt ecstatic in his heart: If he could persuade Zhiyuan Group to invest in Sina and support himself as president...