Partners and Anxious Founders in Chapter 288

"Brother Hui, as long as you are interested in cooperating with us in this business, the success is basically half done!" Li Xiaofan said happily.

"Oh, how do you say this?" Brother Hui asked curiously.

"Brother Hui, my colleague has already taken over the deal with Ingram Books, the largest book wholesale company in the United States, and Bertrams & Gardners, the largest book wholesaler in the UK. These three companies are Singapore has logistics and warehousing bases, and they are very interested in developing the Johor Bahru and Malaysian markets in the future because distribution has been very convenient in the past.”

Li Xiaofan continued: "Currently, the rest of the project in Johor Bahru, Malaysia, is to connect with the Malaysian Post Corporation, online payment with local banks in Johor Bahru, the establishment of new project companies, application for business licenses, recruitment of personnel, etc. Some chores. Other tasks such as the platform establishment of the online bookstore, the construction of the backend database, and the catalog entry have been basically completed by our Singapore Yifan Company. By then, new projects in Johor Bahru can share this platform..."

"Afan, I understand. In this way, you can send the person in charge of this project from your company to come to Johor Bahru tomorrow to find me, and I will be responsible for arranging the connection with the Malaysian Post Corporation, local banks and other matters in Johor Bahru!"

"That's great. Thank you, Brother Hui. Come on, let me toast you!"

Li Xiaofan was very happy to hear that Brother Hui was interested in cooperating with him.

He had already understood in advance the conditions for investing in and setting up a new company in Malaysia. Much like Singapore, the Malaysian Companies Registry (suruhanjayasyarikatmalaysia, referred to as ssm) is responsible for the registration of new companies. According to Malaysian company registration regulations, a new company generally needs at least one local Malaysian nominee director and appoints a company secretary. This secretary must meet the qualifications of a Malaysian company secretary and reside in Malaysia. The company name usually ends with "". The "pteltd" at the end of a Singaporean company is similar and means a private limited company in Malay.

As an outsider like Li Xiaofan, it would be the best if we can rope in Datuk Hui Ge from Johor Bahru as a local shareholder and partner of the Malaysian project!

Dato is a title in Malaysia. Generally, honors are awarded by the Yang di-Pertuan Agong (the supreme ruler of Malaysia), the Sultan (the hereditary supreme ruler of the states in Malaysia), and the state heads (non-hereditary, rotating supreme rulers of the states).

In the past, in Malaysia, only those who had made great contributions to the local society and country were eligible to be awarded the title of "Datu". At that time, Dato's were very respected. But gradually, the threshold for being awarded the title of "Datu" was lowered. To a certain extent, it was similar to the "donation and class donation" system in the late Qing Dynasty. The title of "Datu" began to depreciate a bit. …

But no matter what, those who can receive the title of "Datuk" from the Malaysian royal family are local wealthy or powerful figures.

Brother Hui raised his glass, patted Li Xiaofan on the shoulder and laughed: "Afan, don't worry, as long as it is a legal business, there is nothing that I, Chen Guanghui, can't do in Johor and Johor Bahru! There are some businesses that are not so legal, and we occasionally do it Do it, haha. Come on, cheers!"

After discussing business and drinking, Brother Hui asked: "Afan, where did this beautiful blonde assistant next to you come from? She's so beautiful!"

"Brother Hui, I want to report to you, my beautiful assistant is called Daisha, from Moldova in Eastern Europe. In terms of seniority, she is Brother Ming's aunt..." Li Xiaofan said with a smile.

"Wow, A Ming, is this true?" Brother Hui looked at Tang Jiaming and laughed.

Tang Jiaming smiled and said: "Haha, it's true. Daisha is the cousin of my father's Moldovan wife."

Because these boys were communicating in Chinese, Daisha felt a little confused when she saw them staring at her and laughing...

…

In the evening, Li Xiaofan stayed in his office at the Singapore Science Park and worked overtime.

After going to work in the United States, Li Xiaofan received an email sent by Jerry Yang of Yahoo to him and Mr. Moritz of Sequoia Capital at the same time, and copied to another Yahoo founder, Ferro.

The main content of the email sent by Yang Zhiyuan is: Recently, based on the opinions of shareholders Li Xiaofan and Sequoia Capital Mr. Moritz, Yang Zhiyuan and Mr. Masayoshi Son of SoftBank Group discussed SoftBank Group’s investment in Yahoo in the form of capital increase and share expansion. Negotiations were held regarding the company.

According to the results of yesterday’s communication between Jerry Yang and Mr. Masayoshi Son of SoftBank Group, Mr. Masayoshi Son of SoftBank Group launched a new round of investment plan: the latest valuation of Yahoo is US$150 million, and SoftBank Group invests US$30 million, accounting for a share of 20%.

Jerry Yang said in this email that he and Ferro felt that the latest offer from SoftBank Group was quite good and very sincere. When SoftBank Group first proposed its investment plan for Yahoo, it valued Yahoo at US$12 million. Now, just a few months later, it has risen to US$150 million, an astonishing 12.5 times increase...

Jerry Yang finally said in the email that with the recent expansion of Yahoo's business, the company's various expenses have increased sharply, but the company's current advertising revenue is still not much. These pitiful advertising revenues are not proportional to the current sharply increased company expenses, and it can be said that the income is not enough to cover the expenses. Currently, Yahoo's cash on the account is only more than 2 million US dollars. At the current rate of burning money, Yahoo will face a situation of running out of ammunition and food by January next year at most, so the top priority is to finalize a new round of strategic investors as soon as possible. Please ask Yahoo's other two shareholder representatives Li Xiaofan and Mr. Moritz to give a formal reply as soon as possible after careful consideration.

After reading the email sent by Jerry Yang, Li Xiaofan felt that Jerry Yang and Filo were really anxious. Moreover, this time Jerry Yang did not call to discuss with him in advance, indicating that Yahoo's two founders Jerry Yang and Filo have recognized the latest investment conditions offered by Mr. Masayoshi Son of SoftBank Group, and do not want to waste words with him and Mr. Moritz, two shareholders.

The general meaning of Yang Zhiyuan's email is that Yahoo is burning too much money and is running out of money. Filo and I are very anxious. We have also contacted all the venture capital companies on Wall Street, and no one has a better plan than SoftBank Group. Now Filo and I agree with SoftBank Group's plan, and we are waiting for Li Xiaofan and Mr. Moritz to express your opinions.

The implicit meaning of this email from Yang Zhiyuan is: If you two shareholders can't come up with a better plan like SoftBank Group to increase capital by 30 million US dollars and hold 20% of the shares, then please accept SoftBank Group's plan?

Ten minutes later, Li Xiaofan received an email from Mr. Moritz of Sequoia Capital that replied to Yang Zhiyuan and copied to himself and Filo.