Chapter 1714 I Don't Want to Bow My Head

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

After the end of the internal subscription, Yuanfang Retail has an additional 28 billion cash flow.

After excluding the acquisition amount of its own properties and the payment for the acquisition of Dibao, including the investment in the existing Yuanfang City, Yuanfang Retail still has a lot of cash flow left.

Perhaps it is to be more plump when it is listed, or to complete what Li Dong said to surpass Wal-Mart.

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

In fact, at this moment, there is no need for Yuanfang to announce. Everyone knows that Yuanfang is about to enter the international market.

This part of the country has now reached the limit of the distance.

In many areas of retail including e-commerce, Yuanfang has formed a monopoly situation, and even if it expands at this time, the effect will be limited.

Therefore, international expansion must be Yuanfang's next goal.

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

European market?

North American market?

Still as Qiyunna said before, marching into Russia from land.

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

And what is the first step of distant expansion?

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

Soon, the outside world got the exact news.

In mid-March, Yuanfang announced the news almost at the same time as Ali.

The information Ali announced to the public is that the Ali management team has repurchased Ali shares held by Yahoo.

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

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

But in 2008, Ali was hit by the global financial crisis,

Already weak, in 2009 he was beaten into a dizzy state by Yuan Fang, and lost the fastest-growing online shopping business in the past two years.

At this time, the repurchase amount close to 8 billion US dollars is not too low.

After taking 39% of Yahoo's shares, Ali's management team reached a peak shareholding ratio of 73%.

At the moment, the only remaining shareholder is SoftBank.

During this Ali repurchase, Softbank reached an agreement with Ali to no longer increase its shareholding and continue to maintain 27% of the shares in its hands. This time, Ali repurchased Yahoo's shares in the name of the group.

According to the agreement between the two parties, Ali will implement the same compensation plan for Softbank. After all, Softbank will also have a share of the group's money without withdrawing.

As for the specific agreement between the two parties, no one disclosed it. It is nothing more than that after Ali went public, the other party had a series of purchase agreements.

In the end, Lao Ma did not kick Softbank out of the game. After all, Softbank had not caused him much trouble over the years, and the only thing Lao Ma could not tolerate was Yahoo.

Yahoo withdrew, and Ali's management team also took ownership of the entire group. At this time, whether Softbank exits or not is irrelevant to the overall situation.

And when the outside world paid attention to Ali kicking Yahoo out, Yuanfang didn't know whether it was a coincidence or intentional, and announced the news at this time.

Yuanfang Retail cooperated with Tengxun Group, and the two parties jointly invested 3.8 billion US dollars to acquire 10% of the shares of Yahoo Japan.

Yahoo Japan and Yahoo are not the same concept.

Yahoo is in the world, including China, and Yahoo is the headquarters of Yahoo.

But in Japan, Yahoo is not the headquarters holding, but Softbank Holdings.

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

And Yahoo Japan has been the largest website in Asia for so many years before Yuanfang acquired Teng Xun.

Even before Teng Xun, including when Ali was listed, its market value was not as good as that of the other party.

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

But this time, Yuanfang and Teng Xun jointly acquired the shares of Yahoo Japan, and the intention was obvious.

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

The xenophobic sentiment of island countries is actually not too serious.

But this is also relatively speaking. For European and American powers, these locals have a natural obedience and recognize that the other party is a strong one, so they don't feel too much rejection.

As a neighboring country, Huaxia, because the economy is relatively behind the other side, the local people's acceptance is not too high.

Even if it is far away, it is not very well-known in Japan.

At this time, Yuanfang acquired 10% of Yahoo Japan's shares, and anyone with a discerning eye knows what Yuanfang's purpose is.

The proportion of 10% is actually not high, but because of this, Yuanfang has officially entered the Japanese market.

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

But these countries are relatively difficult to enter.

Many well-known large companies had to withdraw in the end in these countries.

Over the years, Yahoo has successfully taken root and grown bigger and bigger. The key is that Yahoo is not the controlling party, and Softbank has a lot of influence in the local area.

This time, Yuanfang took advantage of Yahoo and Softbank's defeat in Ali, and reached an agreement with the two parties, which is actually filling in each other's business.

In recent years, the largest partners of Softbank and Yahoo in China are Ali.

But this time Yahoo was kicked out, and Softbank was also in jeopardy. At this time, Yuanfang has become a giant in China. Compared with Ali, cooperation with Yuanfang is more beneficial to their future.

Therefore, on the same day that Yahoo was kicked out by Ali, Yuanfang also reached a formal agreement with the two companies to enter Yahoo Japan and become the third shareholder.

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

In addition, in other countries in Asia, Yuanfang is also looking for the best partner, officially opening the layout in Asia.

Instead of entering Europe and the United States first, Yuanfang chose to explore Asia first.

Compared with the severe acclimatization in the European and American markets, Asia is relatively more relaxed.

...

In fact, the Yahoo cooperation announced by the two parties is only public news.

There is still a part of the undisclosed news.

For example, Onecard has officially entered the Japanese market.

If a cross-border e-commerce company wants to truly develop, the payment system is still extremely important.

Owning your own payment system means you don't have to hand over your business core data to a third party.

If Yuanfang Mall wants to expand, it is necessary for Wanka to enter at the same time.

Internet payment is related to finance. Generally speaking, if the local policy is not open enough, it is difficult to gain access due to policy restrictions.

And this time, the reason why Yuanfang can enter lies in the cooperation between the two parties.

Yuanfang Financial has also established a branch in Japan.

Today's payment companies have only two options if they want to gain a firm foothold in the local area.

First, acquire local financial payment institutions.

This is not feasible in Japan. Nowadays, cash and credit card payments are more common in Japan. The other party actually has a third-party payment, but it is not the domestic one, and it is more similar to a bus card in the form of a one-card.

It is mainly supported by Sony's Felica technology, which is different from domestic third-party payment.

So the acquisition is out of the question.

The second form is cooperation.

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

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

Yahoo even gave up its controlling stake in order to develop in Japan.

Although Yuanfang will not give up the controlling stake, Softbank also invested in holding 30% of the shares in this branch.

This information has not been made public.

In many cases, when some information is made public, it can only be exchanged for meaningless doubts.

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

But for ordinary people, they may be affected by other influences, but the final result is not very good.

Most of the time, Yuanfang is a sole proprietorship in China. This time, when it first entered the foreign market, it was 30% owned by foreign investors, especially Japanese companies that Chinese people hate.

Official announcement of the news may cause some unnecessary troubles.

Based on this, Yuanfang has not disclosed the information to the public.

...

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

This is also the first time that Yuanfang Retail and Yuanfang Finance have opened up foreign markets and formally entered the international market for the first time.

And this plan was not done by Li Dong, but by Yuan Chengdao who brought people to discuss it.

At first, Yuan Chengdao was a little frightened. He felt that the probability of getting Li Dong's approval in the end was very small.

After all, it cost 3.8 billion US dollars to acquire 10% of Yahoo Japan's shares, and the actual benefits do not seem to be too great.

As for Yuanfang Finance, Li Dong has always attached great importance to it. When he went abroad for the first time, 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 is more of road money.

For the proud Li Dong, it was no less than being coerced.

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

Until the formal signing of the agreement between the two parties, Yuan Chengdao felt a little dazed. This time, Li Dong was really happy.

in the office.

Yuan Chengdao looked hesitant to speak, Li Dong said with a little amused: "The agreement has been signed, what else are you thinking about?

It's normal. When we go abroad, we are the disadvantaged.

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

Otherwise, we will dawdle now, and in the later stage, we will have no chance to enter.

Anyway, it's just a foreign branch, if we don't enter the market, we have nothing, but if we enter the market, we will make money.

Do you really think I'm old-fashioned?

Finding a strong local company to cooperate with and using the network and resources of the other party to open up the market for us is a good thing that many companies are eager for.

Of course, the agreement is signed by you on behalf of the distant party.

These things will also be led by you in the future.

After the news is exposed, that is your business, and has nothing to do with me.

In short, if you have a responsibility, you carry it, if you have infamy, you carry it, and this is also your obligation.

Now the domestic market is almost developed by me, and Yuanfang wants to seek development, so it can only start from the international market.

Appropriate compromise is inevitable. I can't stand this anger, so I rarely intervene in these things now. If you really want me to talk, there is a great possibility that the talk will eventually collapse.

This may also be one of the reasons why I don't pay much attention to it now. I am used to it strongly and keep my head held high.

Now let me go and bow my head, I think it's hard for me to do it.

You don't have these concerns, so you can compromise, you can make concessions, and I can't and don't want to. "

This is also Li Dong's true thought. Although Yuanfang is well-known now, it is not enough to enter the international market.

Bow your head, compromise, make concessions, these are almost inevitable things.

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

But at this point, he didn't want to.

He was used to raising his head all the time, but suddenly asked him to lower his head, he was not used to it, and he would not do it.

Even if you know that bowing your head will make the development of Yuanfang more smooth.

Therefore, when the domestic market was almost developed, Li Dong did not think much about doing it by himself when developing business internationally.

Yuan Chengdao nodded slightly, took a deep breath and said, "You're right, we can bow our heads and make concessions, but you can't."

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

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

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

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

That's why Li Dongcai said that he would not bow his head.

Even if it is deception, he will maintain the dignity he should have.

Seeing this, Li Dong smiled and said, "It's good that you understand, now that we have entered the pace of international expansion, I will soon step down as the chairman of the board of directors.

Of course, it is still necessary to have an honorary chairman of the board of directors.

Future expansion proposals are also your decisions, not mine. "

Since Li Dong didn't want to bow his head, or he didn't want to admit that all of this was his intention, it was necessary to withdraw from the distant decision system.

Although from the perspective of entrepreneurs, this is harmless, and it is even an opportunity that many people want to get.

But ordinary people may not see it that way, and Li Dong also hopes that he can always maintain his myth and strength.

Big deal, when the time comes to stand up and set things right, at least there will be a buffering opportunity.

Yuan Chengdao understood what Li Dong meant, but he didn't care too much. They were different from Li Dong. They didn't need to think about the things Li Dong was thinking about.

And when it comes to this point, it means that the day when Li Dong leaves is getting closer.

Not continuing this topic, Yuan Chengdao continued: "Then, the international expansion part may adopt a more cooperative model, what do you think?"

Li Dong said with a smile: "You can make your own decisions, if you think it is feasible, then follow your plan.

Being able to grab some markets abroad and earn some profits is, in my opinion, an extra earn.

After all, it is someone else's territory, so it would be nice if we could snatch some meat. "

This is also Li Dong's true thought. No matter how noisy the country is, it is a family behind closed doors, and the territory is the same to anyone.

But when you go outside, you are an outsider, powerful companies like Microsoft and Google, when you go to China, you have to pretend to be a grandson.

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

Pure foreign capital can take root if it wants to take root, but it is more difficult if it wants to become bigger and stronger.

Yuan Chengdao and the others chose a relatively simple path, which was a last resort. They started late in the distance, and it was extremely difficult to eat alone.

Choosing cooperation has also become a necessary way for Yuanfang to develop internationally in the future.