The Rebirth of Wealth

Li Dong leisurely paved the way for his feelings, but his footsteps in the distance never stopped.

After the end of the internal subscription, Yuanyuan Retail has added another 28 billion in cash flow.

After excluding the purchase amount of its own property and the amount paid for the acquisition of the treasure, including investing in the existing Yuanfang City, there is still a lot of cash flow left by Yuanyuan Retail.

Maybe it was to make it more plump when it went public, maybe it was to complete what Li Dong said to surpass Wal-Mart.

On the eve of listing, Yuanfang Retail announced its next strategic plan.

In fact, at this moment, no need to announce from a distance, everyone understands that the distance is about to enter the international market.

This domestic piece has now reached the limit in the distance.

In many areas, including retail, e-commerce, the distant place has formed a monopoly situation. At this time, even if it expands again, the effect will be limited.

Therefore, international expansion is bound to be the next goal of a distant place.

What everyone cares about is just where will the distance begin?

European market?

North American market?

It was the same as Qi Yunna said before, marching into Russia from land.

Expansion is inevitable. The key is where to start expansion. This is the information that some outside companies want to know.

And what is the first step of the distant expansion?

Online e-commerce? Offline retail? Or business expansion through Teng Xun?

Soon, the outside world got the exact news.

In mid-March, the distance and Ali announced the news almost at the same time.

Alibaba ’s public announcement was that the Alibaba management team repurchased the Alibaba shares held by Yahoo.

In this repurchase, Ali spent nearly 8 billion US dollars and won the 39% stake held by Yahoo.

Compared with 2007, this price is naturally not too high. 39% of the shares cost less than 8 billion US dollars, and the entire Ali value is less than 200 US dollars.

However, in 2008, Ali suffered from the global financial crisis and was already weak. In 2009, Ali was dizzy from a distance, losing the fastest growing online shopping business in the past two years.

At this time, the repurchase amount of nearly 8 billion US dollars is not low.

After taking the 39% stake in Yahoo, the management team of Ali held a peak of 73%.

At the moment, the only remaining shareholder is SoftBank.

In this Ali repurchase, SoftBank reached an agreement with Ali, no longer increasing its shareholdings, and continued to maintain 27% of its shares, and Ali this time repurchased Yahoo's shares in the name of the group.

According to the agreement between both parties, Alibaba will make an equal compensation plan for Softbank. After all, the group's money and Softbank will also have a share without quitting.

As for the specific agreement between the two parties, no one disclosed that after Ali went public, the other party had a series of purchase agreements.

Lao Ma finally did not kick Softbank out. After all, Softbank didn't add much trouble to him in recent years. The only thing Lao Ma can't tolerate is Yahoo.

Yahoo withdrew, and Ali's management team also obtained the ownership of the entire group. At this time, Softbank withdrew or not withdrew, which has nothing to do with the overall situation.

And when the outside world paid attention to Ali kicking Yahoo out, the distance did not know whether it was a coincidence or a deliberate intention. At this time, the news was also announced to the outside world.

Far Retail cooperated with Teng Xun Group, and the two parties jointly invested US $ 3.8 billion to acquire a 10% stake in Yahoo Japan.

Yahoo Japan and Yahoo are not the same concept.

Yahoo is in the world, including China, Yahoo is Yahoo headquarters holding.

But in Japan, Yahoo is not headquartered, but Softbank Holdings.

Yahoo Japan has only two major shareholders, the largest shareholder is Softbank, the second shareholder is Yahoo, and other shares come from the stock market.

Yahoo Japan, for so many years, had been the largest website in Asia before the remote acquisition of Teng Xun.

Even when the former Teng Xun, including Ali, went public, the market value was not as good as the other.

In addition to occupying more than half of the local search market, Yahoo Japan is also the top three online shopping website in Japan, and was once the number one e-commerce website!

This time, Yuanyuan and Teng Xun jointly acquired the shares of Yahoo Japan, the intention is obvious.

On the one hand, it is to expand the influence of Teng Xun, on the one hand, it is to expand the e-commerce business.

Island country xenophobia is actually not too serious.

But this is also relatively speaking. For the European and American powers, these locals have natural obedience and recognize that the other is the strong, so there is not much repulsion.

As a neighboring country, Huaxia, because the economy is relatively lagging behind, the acceptance of local people is not too high.

Even in the distance, it is not well known in Japan.

At this time, Yuanfang acquired a 10% stake in Yahoo Japan, and everyone with a clear eye knew what Yuanyuan's purpose was.

The proportion of 10% is actually not high, but from this, distant places have officially entered the Japanese market.

In Asia, business expansion, many times, China is not actually the first expansion market, Japan and South Korea are.

However, these countries are also relatively difficult to enter.

Many well-known large enterprises have to withdraw in these countries.

Over the years, Yahoo has successfully taken root, and the bigger and bigger, the key is that Yahoo is not the controlling party, and SoftBank has a great influence in the local area.

This time when Yahoo and Softbank lost in Ali, they reached an agreement with both parties, in fact, they also filled each other's business.

Over the years, Softbank and Yahoo's largest partners in China are Ali.

But this time Yahoo was kicked out, and Softbank was also in jeopardy. At this time, Distant became China's giant enterprise, and it was more beneficial to them in the future than cooperating with Ali and cooperating with Distant.

So, on the same day that Yahoo was kicked out of Ali, Yuanyuan also reached a formal agreement with the two to enter Yahoo Japan and become the third shareholder.

At the same time, Yuanyuan established a branch in Japan.

In addition, the Asian region, other countries, and distant places are also seeking the best partner, and officially opened the Asian layout.

It was not the first to enter Europe and the United States.

Compared with the serious dissatisfaction of the European and American markets, Asia is relatively looser.

...

In fact, the Yahoo cooperation announced by both parties is just public information.

There are still some undisclosed news.

For example, Wanhuatong officially entered the Japanese market.

For a cross-border e-commerce company to really develop, the payment system is still extremely important.

Having your own payment system means you do n’t have to transfer your business core data to a third party.

In order to achieve expansion in the Yuanfang Mall, it is necessary to enter Wan Wantong at the same time.

Internet payment is related to finance. In general, if local policies are not open enough, it is difficult to gain access because of policy restrictions.

This time, the reason why the distance can enter lies in the cooperation of both sides.

Yuanfang Finance also established a branch in Japan.

Today's payment companies want to gain a foothold in the local area with only two options.

First, the acquisition of local financial payment institutions.

This doesn't work in Japan. Japan now pays more with cash and credit cards. In fact, the other party also has a third-party payment, but it is not the domestic one. It is more similar to the one-card bus card.

Mainly uses Sony's Felica technical support, which is not the same as domestic third-party payment.

So when it comes to acquisition, there is no way to talk about it.

The second form is cooperation.

It is a simple and quick way to find a local large group to cooperate, jointly hold shares, and develop the market together.

Without the support of local companies, it is difficult for foreign companies to gain a foothold.

In order to develop in Japan, Yahoo even gave up a controlling stake.

Although Yuanfang will not surrender its controlling interest, this time the branch company, Softbank also contributed 30% of the shares.

The news was not disclosed to the outside world.

In many cases, some information is made public and can only be exchanged for meaningless questions.

For distant companies, including other Huaxia companies, it is actually a good thing to be able to open up markets overseas and be held by local companies.

For ordinary people, they may be affected by other things, and the final result is not very good.

Distant is a wholly foreign-owned holding company most of the time in China. When it first entered the foreign market this time, it was held 30% by foreign capital, especially a Japanese company that Chinese people hated.

The official announcement of the news may cause unnecessary trouble.

Based on this, Yuanyuan did not disclose information to the outside world.

...

The opening of the Japanese market is of great significance to afar.

This is also the first time that Far East Retail and Far East Finance have opened foreign markets and entered the international market for the first time.

And this plan was not made by Li Dong, but Yuan Chengdao took someone to talk about.

At the beginning, Yuan Chengdao was a little frightened, he felt that the probability of finally passing Li Dong was very small.

After all, it cost 3.8 billion US dollars and won a 10% stake in Yahoo Japan. The actual benefits do not seem to be too great.

As far as the financial sector is concerned, Li Dong has always paid great attention to it. The first time he went abroad, he was occupied by 30% of the shares. Can Li Dong accept this agreement?

Perhaps in Li Dong's view, the 3.8 billion US dollars, more is still buying money.

For the proud Li Dong, it is no less than being coerced by others.

But in the end, when Yuan Chengdao reported the plan, Li Dong agreed very happy.

Until the agreement between the two parties was formally signed, Yuan Chengdao felt a little trance. This time Li Dong was really too happy.

In the office.

Yuan Chengdao looked stern, Li Dong laughed a little: "All the agreements have been signed, what else do you want?

It's normal to go abroad, we are the weak.

At this time, we have to open the market as soon as possible, and it is most important to occupy the market as soon as possible.

Otherwise, now rubbing, in the later stage, we have no chance to enter.

Anyway, it ’s just a foreign branch. If we do n’t enter the field, we will have nothing. If we enter the field, we will make money.

Do you really think that my food will never change?

It is a good thing that many companies are eager to find a local local company to cooperate and use the other party's network and resources to open the market for us.

Of course, the agreement was signed on your behalf.

These things will be dominated by you in the future.

After the news came to light, it was your business and it had nothing to do with me.

In short, there is a responsibility, you carry it, there is infamy, you carry it, this is also your obligation.

Now that the domestic market has been developed by me, if I want to seek development from afar, I can only start from the international market.

Appropriate compromise is an inevitable thing. I can't stand this anger, so I rarely intervene in it now. I really want to let me talk about it. In the end, there is a high possibility of talk.

This may also be one of the reasons why I am not too concerned about it now. I am used to it and keep my head high.

Now let me bow my head, I find it difficult for me to do it.

You do n’t have these worries anymore, so you can compromise, you can make concessions, and I ca n’t, and I do n’t want to. "

This is also Li Dong's true idea. Although the distance is not small, it can enter the international market, but this reputation is not enough.

Bowing, compromise, and concession are almost all inevitable.

Switching to a few years ago, Li Dong was willing to bow his head and willing to compromise.

But at this point, he was unwilling.

Used to keep looking up, and suddenly let him bow his head, he was not used to it and would not do it.

Even if you know it clearly, lowering your head will make the development of the distance more smoothly.

Therefore, when the domestic market is about to be developed, and the international business is developed, Li Dong did not consider how to do it himself.

Yuan Chengdao nodded slightly and took a deep breath: "You are right, we can bow our heads, we can give in, you can't."

Not only Li Dong, but also Li Dongneng can represent most of the Chinese business community.

It is normal for professional managers to choose compromises for the benefit.

But Li Dong is not just a businessman, but an entrepreneur.

At the step of Li Dong, he not only represents the distance, but also a spiritual symbol.

So Li Dongcai said that he would not bow his head.

Even if he hides his ears and steals the bell, he will maintain the dignity he deserves.

Li Dong said with a smile: "You just understand, now that has entered the pace of international expansion, then I will soon step down as chairman of the board of directors.

Of course, there must still be an honorary chairman of the board.

The future proposals for external expansion are also your decisions, not mine. "

Since Li Dong doesn't want to bow his head, or say he doesn't want to admit that all of this is what he meant, it is necessary to withdraw from the remote resolution system.

Although in the eyes of entrepreneurs, this is harmless, it is even an opportunity that many people want to get.

But ordinary people don't necessarily see it that way, and Li Dong also hopes that he can maintain his own myth and strength.

Big deal, when the time comes, you will have a chance to buffer.

Yuan Chengdao understood the meaning of Li Dong, but he didn't care too much. They were different from Li Dong. They didn't need to consider the things Li Dong considered.

And at this point, it means that the day when Li Dong left is getting closer.

Without continuing this topic, Yuan Chengdao continued: "Then the next part of the international expansion may be the cooperation mode, what do you think?"

Li Dong smiled and said: "You just make the decision yourself ~ www.wuxiaspot.com ~ feels feasible, then follow your plan.

Being able to grab some markets abroad and earn some benefits is extra in my opinion.

After all, it's people's territory. It's good if we can grab some meat. "

This is also Li Dong's real idea. No matter how troublesome the country is, the door is closed and the whole family is the same. The site is the same for everyone.

But when you go outside, you are a foreigner. If you are a powerful company like Microsoft or Google, you need to pretend to be a grandson when you come to China.

Foreign companies that can grow bigger in China will mostly choose joint ventures.

Simple foreign investment, if you want to take root, you want to be bigger and stronger, the difficulty is greater.

Yuan Chengdao chose a relatively simple path, which is also a last resort. It is very difficult to eat single meals late in the distance.

Choosing to cooperate has also become a necessary way for distant countries to develop internationally in the future.