Chapter 1531 Reorganization Plan

On May 14, after Yuanfang stopped the software compatibility war, other small and medium Internet companies also resumed product compatibility with Teng Xun.

Teng Xun, on the 13th, stopped the exclusion battle with Yuan Fang.

Starts on the 9th and ends on the 14th.

From head to tail, a total of less than 6 days.

However, these 6 days have left a strong mark on the history of China's Internet, and I am afraid that it will be unforgettable decades later.

The battle of software rejection happened a few years ago, when Baidu and several search sites did it.

But this time is different. On the one hand, the number of Huaxia netizens has increased greatly, and on the other hand, there are too many giant companies participating this time!

Yuanfang, Teng Xun, Baidu, Rising, Jiangmin, Kabbah... These companies directly participated in the battle.

Ali, Sina, Shanda, Netease... These companies are waving their flags and shouting that they are ready to make a move at any time, and a war of words even broke out in the early stage.

In addition, it also involves the three major operators, including financial institutions, several relevant departments, hundreds of investment institutions, tens of thousands of shareholders, and hundreds of millions of Internet users!

6 days may seem short, but so many things have happened!

This battle of exclusion has far more influence than that.

Some netizens have united to sue giants such as Teng Xun, Yuanfang, and Baidu for violating users' interests, and lawsuits have continued in various places.

Some official media named and criticized several giant companies. They should be responsible to their users, and should not kidnap users and deprive netizens of their right to choose.

The People's Daily even published an article pointing out that several companies "fabricated public opinion on the Internet"!

Some financial institutions are also accusing several companies of affecting the interests of shareholders.

Yuanfang and Teng Xun hired a large number of sailors and so-called experts, and made a series of inappropriate remarks, which also had a serious impact on the stock market.

Some research institutes and people from all walks of life have proposed to the higher authorities to introduce a new law, and to investigate whether the dispute between Yuanfang and Teng Xun involves unfair competition and monopoly!

...

It only took a few days in total, but it triggered a series of follow-up reactions.

Both Yuanfang and Teng Xun have issued letters of apology, but it is still difficult to make up for the previous impact.

Enterprises such as Ali and Sina have also followed suit. In some public places and media platforms, they have expressed their views on several enterprises.

Users on both sides of Teng Xun and Yuanfang are also constantly scolding and fighting on the Internet.

Although the enterprise war is over, a software exclusion war involving hundreds of millions of users obviously cannot eliminate the impact so quickly.

Shareholders of Xiangjiang also scolded like a wave, not only scolding Teng Xun, but also scolding Yuanfang.

If it weren't for Yuanfang, Teng Xun's stock price wouldn't have fallen to this point, and if Teng Xun hadn't overpowered himself and insisted on fighting Yuanfang, such a war would not have broken out, and he was defeated in the end.

Although the compatibility has been restored, Teng Xun produced and uninstalled more than 100 million!

During this period, Yuanfang seized more than half of the market. At this time, even if Tengxun users return, half of them will be considered good.

Teng Xun QQ, which claimed to have 600 million users in the past, now has almost 10 million simultaneous online users.

Among them, mobile qq users are also included. In fact, the number of p online users has fallen below the 10 million mark.

For QQ, which had already reached 50 million online users before, how could it be as simple as a heavy loss? Such a defeat, even if there is no further suppression from far away, it will not be possible to restore its previous vitality without a year or two.

...

Shenzhen.

In the hotel.

Seeing Li Dong standing on the balcony looking at the Window of the World not far away, although Bai Su didn't want to disturb Li Dong, but considering that there were many things to do, he still reminded him aloud: "Mr. People from all walks of life are blaming us.

Mr. Liu's opinion is to quickly announce the restructuring of Teng Xun.

In this way, the interests of netizens and stockholders will be protected, including changes in the attitude of the government.

In addition, the acquisition of Teng Xun's 700 million share capital involves a capital of 16.1 billion Hong Kong dollars,

According to the current exchange rate, the total amount is 14.2 billion RMB, which is about 2.1 billion US dollars.

Mr. Liu meant that Yuanfang spent 100 million US dollars, which is the remaining funds that you said before competing with Teng Xun.

The remaining 2 billion US dollars is to choose external financing.

However, if the US$2 billion is raised, it can only be offset from the converted equity of our industry. Teng Xun disagrees with the overall financing plan. "

If Yuanfang PP and Teng Xun reorganize, and then introduce funds, the total share capital will increase again, and the shares of ih Teng Xun shareholders will be diluted again.

It is equivalent to using their own money to buy back their own shares. Yuanfang is willing to do this, but Teng Xun obviously does not agree.

At present, Teng Xun's attitude is that Yuanfang's industry has a total of 3.3 billion shares converted into share capital. As for whether Yuanfang holds it or other capital institutions, it has nothing to do with them.

However, the total share capital cannot be increased further.

Once the increase continues, the total share capital will exceed 5 billion shares, and the shareholding ratio of Teng Xun's 1 billion shares will drop by 20%.

Moreover, Yuanfang wanted to use the financing money to repurchase their shares. This kind of beautiful thing, I thought about it in my heart.

In fact, many companies do this. Sometimes there is no need to spend money on mergers and acquisitions of some companies.

But it also depends on the situation. The current situation is that Teng Xun has already made concessions, and if he agrees to Yuanfang's overall restructuring plan, then Teng Xun will really suffer a lot.

Yuan Fang got Teng Xun without spending a penny, and used part of the shares, most of which belonged to Teng Xun. In the end, he got more than half of the shares, and it was still a merged industry. Then Li Dong was too good at stealing money. Order Ma Huateng, including ih, no one will agree.

After Bai Su finished speaking, Li Dong couldn't help sighing: "People's hearts are indeed greedy.

After the merger, bringing in capital, it's all good for us.

Isn't it just diluting the ratio a little bit?

I don't want to bear such a small loss, so how can I make a lot of money in the future? "

Bai Su's expression changed again and again. Before when there was no one around, Li Dong didn't seem to put on much, but now that he is here by himself, he also pretends to be like this. Is this a habit?

Dilute it a little?

Once Yuanfang introduces 2 billion US dollars of capital, it is uncertain how much the total share capital will increase, and how much the 1 billion shares in the other party's hands will be diluted.

In this case, a fool will agree!

If the conditions of Yuanfang were not so harsh this time, maybe the other party would still consider it, and it turned out that they had an absolute advantage in the negotiation, and now they want to get Teng Xun completely without spending a penny. How can there be such a cheap thing in the world? .

Li Dong sighed with emotion, and then said: "Forget it, the loss is a little bit, I suffer the loss myself, and I can't let Teng Xun suffer the loss with us.

Yuanfang PP is still the main body for financing, with a total share capital of 3.3 billion shares, which remains unchanged.

Among them, 300 million shares were used for financing, and the financing capital was 2 billion US dollars.

Take the 2 billion US dollars to repurchase Teng Xun’s shares. After the financing, we will hold 3.7 billion shares, Teng Xun, including shareholders, will hold 1 billion shares, and newly introduced capital institutions will hold 300 million shares..."

"President Li!"

Bai Su couldn't help but said: "This is completely different from the plan we announced!"

Before Yuanfang pp was valued at US$12 billion before financing, it raised US$3 billion.

Now, according to Li Dong, the pre-financing valuation of Yuanfang pp exceeded 20 billion US dollars!

Li Dong frowned and said: "At this time, at that time, I didn't want to go public through the back door, and I didn't plan to reorganize.

After the first round of financing, we will continue to raise funds instead of going public directly after one round!

Now that Teng Xun has been taken down, in the name of reorganization, it is directly listed, and a few rounds have been omitted. Is it still implemented according to the previous plan?

Use your brains!

This is almost equivalent to a direct listing. It is obviously a matter of making money. If I burn too much money, whoever is cheaper?

Do it or not, don't do it!

300 million share capital, even if an additional 1 billion shares are issued on the market, these people will still hold 5% of the shares after dilution.

5% of the shares, 2 billion U.S. dollars, and a market value of 40 billion U.S. dollars, they can pay back.

In fact, Teng Xun’s strength has more than doubled after integrating Yuanfang’s industries. Do you think that after the reorganization and listing, Teng Xun’s market value will stop at 40 billion U.S. dollars?

I don't think so!

If you want to make money, you have to wait, wait and gamble, we need very little time, and the market value will definitely rise to 50 billion US dollars before the end of the year, this is my promise to ih.

With more than 50 billion US dollars, their return rate in half a year has exceeded 25%. What is there to be dissatisfied with? "

"this……"

Bai Su was speechless, Li Dong said so, but with a market value of 50 billion U.S. dollars and a market value of more than 380 billion Hong Kong dollars, is it really that easy?

This is a Hong Kong stock market, not Nasdaq.

At present, the top ten companies in the Hong Kong stock market by value, not to mention the first few, reach the tenth place, with a market value of less than 200 billion Hong Kong dollars.

What Li Dong said is simple, 50 billion US dollars is no problem!

The $50 billion will be placed in a few years, because the market value of companies such as Ali, Teng Xun, and Apple has repeatedly hit new highs, and everyone is not surprised.

However, it is still 2009!

The global financial crisis has not yet passed, excluding manufacturers such as Apple and Microsoft, just looking at Internet stocks, Google is still the largest Internet stock by market value, with a market value of less than 150 billion US dollars.

Ranked second in the world is currently Amazon. Due to the prosperity of e-commerce, it has risen rapidly. From more than 20 billion US dollars in market value, it has exceeded 30 billion US dollars in a short period of time, and it is still growing.

The third is ebay, whose market value is approaching the $30 billion mark.

The fourth is Yahoo, which is worth more than 20 billion US dollars.

If Teng Xun hadn't been hit hard by Yuanfang before, according to the increase, it may soon surpass Yahoo or even eBay, and reach the third place in the Internet stock market value.

Of course, it is definitely out of play now.

As for Li Dong, the direct positioning is a market value of 50 billion U.S. dollars, and he has become the second Internet company after Google in one fell swoop. Is it really that simple?

Weibo is also preparing to go public, and Li Dong's positioning is not low.

Li Dong is really going to do it, what kind of concept is that?

Global Internet companies, of course, refer to Internet companies after excluding some terminal manufacturers. Teng Xun and Weibo rank second and third respectively. If they join forces, they may surpass Google and become the number one global Internet company in terms of market value!

This is the case where Yuanfang Mall and Wanka were excluded.

Can the distance really do this?

Can the distance really have this value?

In fact, there are still many people who are skeptical about this point.

Of course, it is not easy to say how the company will not go public, it depends on the specific situation.

However, betting that Teng Xun's reorganization and listing market value can exceed 50 billion US dollars is actually a big gamble. IH they have no choice but to lose a lot if they don't gamble.

Are other investment institutions willing to take a gamble?

After Teng Xun's reorganization and listing, the market value exceeds 50 billion US dollars, 380 billion Hong Kong dollars?

While Bai Su was meditating, Li Dong said impatiently: "As far as this plan is concerned, if it doesn't work, sign a VAM agreement, and it's not like our family did it.

Set a time limit, if it does not reach 50 billion US dollars, I will repurchase the stocks in the other party's hands at that price.

If they reach it, they are not cheap, and they will buy back part of it at that price.

It is a business that earns no loss, I am not just doing the Internet, I also have a huge industry to support, and I have money to buy back!

Is it a blank check, they have it! "

Other Internet companies often sign some VAM agreements, and Brother Ma has signed several times. Of course, he must lose every time.

But they generally seldom sign repurchase agreements. After all, there are too many funds, and it is difficult for Internet companies to support themselves.

But Yuanfang is different. Yuanfang still has a large number of industrial industries to support it. Yuanfang Retail is currently the absolute dominant enterprise in China's retail industry.

Li Dong said that he would buy back, and at the critical moment, the money is still there.

The risk is not too great. Whether to invest or not depends on the psychological expected value of other institutions.

If you feel that the 25% return after half a year is low, then you have nothing to say, whether to invest or not is their business.

If it is acceptable, there will be no problem in financing $2 billion.

In Li Dong's view, there is nothing dissatisfied with such a rate of return, let alone a steady profit without loss.

He doesn't feel much about signing the VAM agreement now, which is also the privilege of the reborn.

If you change someone else, you must be trembling and under great pressure, for fear that you will not meet the conditions and end up in trouble.

For Li Dong, as long as the general environment does not undergo too much butterfly effect changes, some things will not change too much.

With the recovery of the global economy, the market value of a large number of Internet companies hit a new high in 2009. Is it impossible for remote places to do so?

In the previous life, Teng Xun had a market value of 40 billion US dollars at its peak in 2009. Yuanfang now shortens Teng Xun's development process by about three years. How difficult is it to increase 10 billion US dollars?

As for what other people think, Li Dong doesn't bother to think about it. He doesn't lack investors now, and a large number of capital institutions around the world are optimistic about him.

If you don't like it, someone will.

Two billion U.S. dollars is not too much. If there are many participating institutions, one company will only have one or two billion U.S. dollars. There are so many problems.

Hearing Li Dong's tone, Bai Su didn't dare to say any more, quickly wrote it down, and then asked: "Then follow the current plan? But when we announced the plan before..."

"It's not a big problem, we will announce our plan after Teng Xun's matter is announced tomorrow morning.

Everyone is not stupid, the two companies coexist, and the pp industry that is about to swallow Teng Xun, they know whether the value is equal or not.

As for the plan we released before, as I said, it was a round of financing. Now it is not financing, but asset restructuring. Do you understand?

The A round of financing was canceled directly. The two are not the same plan. If the plan changes, it will naturally be fine. "

Li Dong secretly changed the concept. Anyway, the previous one was the previous one. It was PP financing before, but not now. It is a reorganization before listing.

If you insist on being serious about this, Li Dong doesn't ask you to invest.

There are good and bad corporate reorganizations, and it is difficult for general restructuring stocks to create any miracles.

But now it is different. Teng Xun has doubled in size and introduced a strong owner like Yuanfang to dominate China's instant messaging field, including mobile terminals.

The two are not the same, and the reorganization and listing will definitely create miracles.

Li Dong even found an excuse, Bai Su completely lost his doubts.

After recording Li Dong's words, Bai Su hesitated for a moment, but said: "Mr. Li, now that Teng Xun has been defeated, the group will have a period of calm in the future.

Taking advantage of this time, I want to go down and practice...

After all, I have been in this position since the internship..."

She was a little hesitant when she said it. It's actually not very appropriate for a secretary to ask the boss for a change of guard.

Maybe the boss thinks, does the secretary have a problem with him or something?

The reason why Bai Su took the initiative to mention it was also because the two were classmates, and some things could be explained a little bit more clearly.

As soon as she finished speaking, Li Dong couldn't help turning his head to look at her.

After about three or four seconds, Li Dong said in a deep voice, "Where do you want to go?"

"I... I go wherever I want..."

Li Dong was a little sad, he waved his hands and said, "Go and arrange with the personnel department, wherever you want to go, as long as there is not much difference in rank, you can do whatever you want."

"President Li..."

"go out!"

Bai Su's face changed slightly, he bit his lip, and finally turned and left.

...

When Bai Su left, Li Dong suddenly murmured, "It's so cold up there!"

As he gradually climbed higher, some people and some things will never return to the previous state after all.

He didn't know whether Bai Su wanted to leave because of the pressure or other reasons, but no matter what the reason was, the former classmates had long since lost their affection as classmates.

Between people, once interests, status, and ranks are involved, the relationship will no longer be pure.

Even people like Wang Jie and Meng Qiping are the same.

In fact, Li Dong sometimes regrets that these people should not have been allowed to enter the distant place in the first place.

What he thought back then was that at least he had a friend to help him, even if he was not very capable, it would be fine and reliable.

But when he got to this point, he realized how naive his thoughts were back then.

When your friends and brothers have interests involved with you, and the interests are not equal, it is very difficult to maintain the pure friendship before.

Wang Jie and Meng Qiping are actually pretty good, not too obvious.

But to be honest, there are still changes.

Wang Jie worked as a tour guide for Shen Qian in Shanghai. When Li Dong was not around, he would not go out with him alone. Instead, he would bring his wife and children with him, for fear that Li Dong might misunderstand.

Meng Qiping used to run to Li Dong's office, but now he almost never comes again, lest someone behind him talk about him and try to curry favor with Li Dong, and want to go through the back door.

Even if Meng Qiping wanted to come, Cheng Nan wouldn't let him. Meng Qiping didn't care, but Cheng Nan cared about these criticisms and didn't want to be gossiped about.

Gradually, everyone has more business affairs with each other and less personal friendship.

This reminded Li Dong of Wei Yuan who was still in Dongping. That guy, the change is not too big. If he were replaced by Wang Jie, he might be taboo to go to Yuan Xue, but Wei Yuan didn't care too much. Don't think too much about it.

Of course, Yuan Xue ignored him, and it was useless for him to go.

After a comparison, Li Dong understood that this person has changed after all.

Status, wealth are the keys to affect these.

When Bai Su was in school, it was common for Bai Su to roll his eyes when he saw Li Dong and scold him for being hypocritical.

Ever since he entered a distant place, he has been trembling and obedient, so he still has the same posture as before.

The longer she stayed by Li Dong's side, the more cautious Bai Su became, the less she dared to reveal her true temperament, let alone mention the relationship between classmates.

She asked for a change of guard, and Li Dong might want to ask the reason for changing to an ordinary person, but he didn't ask this time.

Because there are some things, there is no need to ask at all. If you keep a distance, you may still have classmate friendship in the future, and if it continues, the only trace of classmate friendship will completely dissipate.

At this moment, Li Dong was really touched.

At the same time, he couldn't help but think of Shen Qian, maybe Shen Qian knew better than he thought, otherwise, she wouldn't have chosen to leave from afar so simply.