My 1999

Xu Liang vaguely remembered that the first listing in Hong Kong was in 2007, but he forgot the exact time.

But he knew that listing in Hong Kong was not ideal. After delisting, it went to Nasdaq and then soared.

"I don't oppose Alibaba's listing. After investing for so many years, it does need a certain degree of cash. The key is where to list?

Does Alibaba plan to list as a whole, or only a part of it?

And the listing price and underwriters?"

Masayoshi Son was relieved. As long as Xu Liang did not oppose the listing.

Everything else could be discussed.

"It seems that Mr. Xu has also considered this."

"Of course."

"Mr. Xu is a major shareholder, and I also hope to hear your opinion."

"My opinion is very simple. Alibaba will be listed as a whole on the Hong Kong Stock Exchange, and Hanhua will be the underwriter."

The reason why Alibaba went to Nasdaq for listing was mainly because the Hong Kong Stock Exchange at that time did not allow companies with "same shares but different rights" to be listed in Hong Kong.

But this point was directly changed by Xu Liang after he acquired nearly half of the shares of the Hong Kong Stock Exchange in 2003.

Masayoshi Son did not object after a little thought.

Although Hanhua's strength in the international securities field is still far behind those global giants such as Goldman Sachs and JP Morgan, Alibaba's size is too small.

It only has a revenue of less than 2 billion Chinese yuan a year.

Hanhua has already managed nearly 30 companies of this level, including A-shares and Hong Kong stocks.

The experience is already mature.

It's not a problem at all.

"The specific plan can be discussed in detail later. The listing time is impossible this year, next year."

"I believe Mr. Ma will agree with this suggestion." Masayoshi Son said.

Pause.

"Mr. Xu, SoftBank hopes to develop more cooperation with you. Do you have this opportunity?"

Xu Liang knew as soon as he heard it that this old guy had taken a fancy to his company again.

This is also normal. Whether it is China or the United States, he has too many potential companies in his hands, such as Alibaba, Penguin, Facebook, Twitter, LinkedIn, etc.

SoftBank is also an investment company that prefers technology and the Internet. How could it not be jealous?

"What kind of cooperation does Mr. Sun want to develop?"

"Penguin, Facebook, or Hongmeng Pangu Company are all fine."

Glancing at him.

This old guy has a sharp eye.

He chose all the companies with the most investment value in his hands.

"Mr. Sun, I am not short of money." Xu Liang said calmly.

"Softbank has been operating in the investment industry for many years and has deep connections in the global business community, especially in Japan. If Softbank can become a shareholder of Penguin, Facebook or Pangu, it can help them develop better in Japan and even the world."

After taking a sip of the teacup on the table, Xu Liang said slowly.

"If I introduce Ruihui Financial Group, it will play the same role as Softbank, or even better."

"Ruihui Financial is indeed stronger than Softbank, but their strength in the field of venture capital is not as good as ours. Moreover, Softbank has many good projects in hand and can share them with Hanhua."

"For example?"

"For example, T-Mobile."

Xu Liang looked at the man in front of him with a gleam in his eyes and felt his huge ambition in the telecommunications industry.

T-Mobile is a multinational mobile phone operator.

It is a subsidiary of Deutsche Telekom and belongs to the Freemove Alliance.

T-Mobile operates GSM networks in Western Europe and the United States, and participates in network operations in Eastern Europe and Southeast Asia through financial means.

The company has 109 million users and is one of the largest mobile phone companies in the world.

The current market value exceeds 20 billion US dollars.

It is the third largest telecommunications company in the United States after Verizon and AT\u0026T.

"We can jointly acquire T-Mobile, and then seek to acquire 'Sprint'. The combined business of the two companies will definitely surpass Verizon and AT\u0026T and become the largest telecommunications company in the United States."

Although Sprint is not as good as T-Mobile, it is also the fourth largest telecommunications company and the third largest mobile phone company in the United States, with nearly 60 million customers.

The merger of the two companies does have the strength to surpass Verizon and ATT.

But Xu Liang couldn't stop feeling disappointed.

It is impossible for the Americans to allow foreigners to acquire the top telecommunications companies in the United States. Murdoch, a white man, was forced to change his nationality when he wanted to acquire 20th Century Fox.

How much profit did Xu Liang get from Hanhua when he acquired Universal Entertainment from the French?

This is just a capital merger of about 10 billion US dollars.

Sprint and T-Mobile, any one of them is a super merger of more than 20 billion US dollars. How much money does Xu Liang have to pay to satisfy the greedy appetite of Americans?

Moreover, Verizon and ATT will not allow anyone to climb over their heads.

"Xu, the global Internet is developing rapidly, and the demand for telecommunications broadband is becoming more and more vigorous. Investing in telecommunications business is profitable. From the development of Vivendi Telecom last year and this year, I believe you have the same understanding as me.

Let's join forces and find a strong partner from the United States, Goldman Sachs or Carlyle, and we will work on this project together. Although it will be difficult in the middle, once it succeeds, we will reap several times, or even dozens of times the excess return."

Masayoshi Son's eyes are fiery.

He is very optimistic about the future of the telecommunications industry.

In 2001, SoftBank launched Yahoo Japan BB business to provide broadband ADSL services to Japanese users.

This decision brought Yahoo Japan's total revenue to more than 400 billion yen in 2003.

This is also the reason why Yahoo Japan's market value has risen against the trend and surpassed Yahoo America in 2004.

After tasting the sweetness of telecommunications broadband business.

In May 2004, SoftBank acquired Japan Telecom, the third largest fixed-line operator in Japan, and successfully transformed from its growing broadband and Internet businesses.

In March 2006, SoftBank announced the acquisition of Japan's Vodafone telecommunications business.

These acquisitions have made SoftBank the third largest telecom operator in Japan after the two established giants NTT and KDDI.

Son is a very gambling person, which can be seen from his past investment projects.

Invested in Japanese online game company GungHo, directly holding 40%.

It started investing in UTStarcom in 1995, investing US$160 million and directly occupying 50% of UTStarcom's equity.

Invested in Alibaba and held 34.4% of the shares at its peak.

US$250 million was invested in Juli Media PPTV, accounting for 35% of the shares.

Invested US$400 million to invest in Thousand Oaks Interactive Group, acquiring 35% of the shares.

There are many similar examples.

This method of taking heavy positions at every turn is not venture capital but private equity.

You can make a lot of money if you bet right, but you can be miserable if you bet wrong.

Even Xu Liang, a reborn person, would not dare to invest so much at once if he did not know the future achievements of a company.

Basically 15% is the top.

If the other party needs more funds, he will usually contact Sequoia or other cooperating venture capital funds, and everyone will share the risk together.

Later, SoftBank lost hundreds of billions of dollars. Son’s investment method of making big bets must have been one of the reasons for the losses.

It is precisely based on this character.

He is no longer satisfied with just dominating Japan's telecommunications industry and wants to play at his father's house.

But if something like "Mitsubishi buys the Rockefeller Building" happens once, it is disgusting enough for the United States and will never be allowed to happen a second time.

Therefore, he is very unfavorable to Sun Zhengyi's merger and acquisition plan.

"I'm sorry. Although I am optimistic about the telecommunications industry, the investment in the telecommunications industry is too big. One Vivendi Telecom is enough. I don't need and don't want to enter the US telecommunications industry." Xu Liang refused directly.

Although Son was a little disappointed, he also understood how an investment of tens of billions of dollars could be settled with just a few words.

"Next, I will make some preliminary preparations, and then I will go to Mr. Xu again. I believe you will change your mind after seeing everything."

Looking at the confident Son Zhengyi, Xu Liangliang felt a little suspicious.

Some are not sure whether he is really sure or just pretending to be calm.

But no matter what, he will not go back.

With the trade war, cutting is difficult.

The two of them did not talk about business anymore. After dinner, Xu Liang took Futian Xinmei and left.

"Mrs. Sun, what did you talk about? I see you are very attentive?"

Xu Liang asked with a smile on the way home.

"She told me a lot about her experience in educating children, which I found very useful."

Xu Liang suddenly realized.

A common problem among new mothers is inexperience.

After returning home.

"Are you going to work?"

Xu Liang nodded, "It's still early and I can't sleep."

"Yami is filming a movie. I can't take care of you by myself. Let Nakajima choose another girl tomorrow." Fukuda said heartily.

Now that she has a son, she has looked away from these things.

Coming from a wealthy family, she also saw many situations where her father and brother had many lovers.

Compared to them, my husband is already very good.

Not only did he leave a huge fortune to her and her children, but he also gave her enough respect.

What's more important is that she really can't cope with her increasingly powerful husband on her own.

"I know, let's go and rest."

Xu Liang was still thinking about how to tell her about this in the morning, but he didn't expect that she had already thought about him.

Futian shook his head and said happily.

"I can't sleep either. Let's draw some manuscripts first. Although Editor Fujita didn't rush it, we can't delay the 39th volume of "Death" any longer."

"That's fine."

After Futian Xinmei left, Xu Liang took out the information on Ai Hui Music from the desk drawer.

Ai Hui is also called Aibex.

The latter started in the 1970s and was founded by famous Japanese musician Katsuto Matsuura. After years of development, it reached its peak at the end of the last century.

It owns singers such as Amuro Namie, Hamasaki Ayumi, Koda Mirai, etc. It is known as Japan's "Tianhou Palace" and occupies 70% of the Japanese music market.

In 1998, we began to expand overseas, especially the Wanwan market.

And named his branch in Wanwan "Ai Hui".

Later, the name was extended to the entire Greater China region.

Therefore, ordinary Chinese people are more familiar with ‘Ai Hui’ than with Aibex.

Entering the new century, iBex is still the world's largest independent record company, although its market share has declined.

Universal, Warner, and Sony are all group operations.

Not really an independent record label.

Although Aibex is developing better and better, it is not very lucky, and it happens to catch up with the booming wave of digital music.

The market values ​​of giants such as Universal, Warner, and Sony have fallen step by step, and Aibecks is no exception.