I can become stronger by paying salaries. I have one billion employees!

Chapter 150 An Era Ends, Venture Capitalists See Him as a God of Wealth (Seeking Monthly Tickets)
Five days later, on October 23th.

Alibaba's brand department officially announced that Alibaba will acquire FoxTao, the shopping guide e-commerce website with the highest market share in China, through an equity swap in conjunction with Rakuten and Augusta Capital.

The 74.48% stake held by Senlian Capital (Chen Yansen) was jointly acquired by Ali, Rakuten, and Augusta.

Chen Yansen successfully cashed out 120 billion yuan in cash in this equity transaction.

Although he still has to pay more than a billion yuan in taxes, Chen Yansen's net worth of tens of billions is finally real and no longer just an estimate or market value.

As for the equity held by Tencent and ThinkCapital, the transaction was conducted in a very low-key manner, but it was still exposed by industry insiders within two days.

Penguins made a whopping 20 billion!
Thinking Capital earns 10 billion!
For a time, domestic investment institutions unanimously set their sights on Chen Yansen and his Orange Technology.

This isn't some 19-year-old male college student, he's clearly a god of wealth!
The co-founders of DST, IDG, and Sequoia Capital all called to exchange pleasantries, implying that they were open to negotiating terms as long as Orange Technology opened up for financing.

Let Chen Yansen name his price, and they'll raise the money right away.

Zhou Shouzhi couldn't sit still any longer and sent Chen Yansen a list of electronic component purchase prices that very night.

If Orange Technology agrees to DST's investment request, DST's CEO promised to personally visit companies such as Qualcomm and Sony to help them cut the bulk purchase price by 10%-20% on top of the quoted price.

At the same time, the settlement period can be extended from 3 months to 6 months.

IDG Ventures also has abundant resources in the smartphone supply chain, which can help Orange Technology integrate its supply chain and strengthen cost control.

After a moment's thought, Chen Yansen instructed Zhou Shouzhi and Dong Shun, the investment manager at IDG, to prepare a valuation quote.

Someone else might have rejected IDG and DST's funding requests, but Chen Yansen wouldn't be that foolish.

He understands the benefits of making the pie bigger. In addition to investing in mobile phone manufacturers, these venture capital firms are also involved in a large number of chip, battery, screen and camera suppliers.

By bringing in their capital and resources, Orange Technology can optimize its supply chain, reduce material costs, and increase gross profit margin.

After finishing his work in Hangzhou, Chen Yansen led his men back to Xucheng.

The three major portal websites and the homepage of Tencent News are filled with reports about Chen Yansen and FoxTao.

Originally, Chen Yansen was only known in e-commerce and internet circles, but this time he has completely broken out of the circle and his popularity has soared.

A 19-year-old male, 1.86 meters tall, handsome, and worth billions.

These keyword combinations instantly ignited Chen Yansen's online popularity.

As a result, pre-orders for Orange phones have reached a new high of over 330 million, with the estimated delivery date now five months in advance.

At that time, Xiaomi phones had been on the market for almost a month, and sales had barely reached 50 units.

When Chen Yansen and the others returned to the Void Courtyard, it was already 6:30 pm.

As dusk fell, the evening breeze carried a slight chill.

"Boss, I'll head back now. I'll take care of the taxes and fees related to the equity transaction."

After Gao Weilin got out of the car, he said to Chen Yansen.

"It's been a long day. I'm planning to open the Series A funding window for Orange Technology. I'll be very busy from now on."

Chen Yansen rolled down the car window and gave Lao Gao some instructions.

“No problem.” Gao Weilin smiled and turned to leave.

"Are we going to the startup park?" Song Yuncheng asked softly from the driver's seat.

“Go there,” Chen Yansen replied briefly.

Chen Yansen is the boss and doesn't normally need to give instructions to his subordinates, but since they've worked together for a year, he still needs to step in to finish up some tasks.

The startup park was brightly lit at this time, and apart from the noise of business recruitment and merchants making phone calls, the other workstations were quiet.

"Tap tap tap——"

Footsteps could be heard downstairs.

Xiang Pengfei subconsciously stood up and looked in the direction of the sound.

"Brother Sen!"

Upon seeing who it was, Xiang Pengfei quickly went to meet them, but then stopped.

He wanted to ask Chen Yansen why he had suddenly changed his mind, since they had agreed not to sell the project.

But when the words were about to come out, he felt that his idea was too naive, so he just stared at Chen Yansen, speechless for a moment.

"What's wrong? You're not happy to see the boss making money?"

Chen Yansen patted Xiang Pengfei on the shoulder and joked with him.

A year ago, everyone worked overtime together every day to prepare for the launch of the 0-yuan price-cutting campaign and FoxTao 2.0.

As Chen Yansen's net worth soared, Xiang Pengfei and others found it increasingly difficult to address him as "Brother Sen." People like Zhang Wenbo had already started calling him "Boss," just like the employees at Orange Technology.

"No, we're all happy for you," Xiang Pengfei said with a forced smile, his words not entirely sincere.

FoxTao was built from scratch by a group of over a hundred people, step by step.

How could he not feel bad about selling it now?
"Xu Dan! Call everyone together for a short meeting!"

Chen Yansen gave instructions to Xu Dan, who was not far away.

After discussions among various parties, FoxTao employees will be merged into Ali.

Besides the customer service team, Ali is willing to accept other teams, with the recruitment team, category team, and major account team being the key targets for recruitment.

FoxTao members, scattered across more than a dozen startup rooms, walked out of their offices one after another and stood in the open space on the second floor, all looking at Chen Yansen.

Some people wanted to ask Chen Yansen why he lied to everyone at the beginning of the month, but no one asked even after all 160-plus people had arrived.

"Everyone has probably seen the news; the online reports are pretty much accurate."

Chen Yansen took the initiative to speak and simply admitted to the fact that he had sold FoxTao.

He paused for a moment, then continued, "Ali will send people to FoxTao next Monday. All team leaders, please make sure to coordinate. I know everyone is concerned about how your salaries and benefits will be calculated after we are acquired by Ali."

At this point, Chen Yansen paused for a moment before continuing, "First of all, Ali will be moving FoxTao to its headquarters in Hangzhou in October. Those who do not want to or cannot work in Hangzhou can receive N+2 compensation."

"For those who are willing to join Ali, after October, except for those in the business development and editing positions, the team leader's salary will be calculated according to Ali P7, and Wu Ming, the former head of YiTao, will serve as the general manager of the new FoxTao business unit."

Chen Yansen didn't hide anything and explained the proposed plan in detail.

Among FoxTao's members, graduates and experienced hires make up 40%, and they seem quite happy about it.

After all, given their educational background, the competition to get into Ali through an interview is fierce, with only one in a hundred having a chance.

Now that we can indirectly join Alibaba, a leading e-commerce company, I naturally support it wholeheartedly.

Senior students made up 20% of the team. Chen Yansen also mentioned that ordinary members would start at 16,000 yuan per month after joining Ali. Although the monthly housing allowance of 20% of their salary was gone, the quarterly bonuses that were given four times a year were replaced by an annual bonus.

Faced with higher salaries and benefits, most people still want to join Ali.

The remaining 40% consists mainly of customer service and editors, who are easily replaceable. Ahri is only willing to accept the editorial team.

However, most of these people are sophomores or juniors and cannot give up their studies for work.

"Brother Sen, can I transfer to Orange Technology? I really want to work with you."

At this moment, Xiang Pengfei stepped forward, looking serious and speaking sincerely.

"Do you know what the Ali P7 is? The monthly salary starts at 30,000 yuan, and with the equity portion, the annual salary is close to one million yuan."

Chen Yansen smiled and spoke slowly.

"A monthly salary of 30,000?"

"Annual salary of one million!"

"Ah Li is really generous, giving the team leader this treatment!"

These words immediately caused an uproar, with people whispering among themselves.

When Xiang Pengfei joined the company, his monthly salary was 4000 yuan. After three salary adjustments, it rose to 9600 yuan. Even with the monthly housing allowance of 20% of his salary, his pre-tax income was less than 12,000 yuan.

Now it's jumped to 30,000!
At that moment, Xiang Pengfei hesitated.

In 2011, a monthly salary of 3 yuan was a very respectable income, the kind that would make parents proud.

Chen Yansen remembers an aunt in the Salt Industry Company's residential area who boasted to everyone that her son had joined Alibaba after graduation, as he worked for a major internet company.

"Brother Sen, how is our commission calculated for attracting investment?" Zhang Yifeng asked.

"The commission system will remain unchanged, but the base salary for business development and business development team leaders will be adjusted, with an increase of 2000-5000 yuan, depending on the performance in Q2 and Q3."

Chen Yansen replied directly.

Ali also knows which departments are the core of FoxTao. The business development team is performing well, so there is no need to make any random changes, so as not to affect the work enthusiasm of the business staff.

Upon hearing this, the more than forty investment promoters felt instantly reassured, and smiles unconsciously appeared on their lips.

"Does anyone have any more questions?"

Seeing that no one responded, Chen Yansen asked again.

"Brother Sen, will Ah Li recognize the option agreement we signed earlier?"

Xu Dan raised her hand, somewhat embarrassed, and asked.

After all, Chen Yansen had already arranged everyone's future, and her mention of stock options made her seem too mercenary.

"I've confirmed this with Ali. The customer service and editorial teams have 25% of their stock options already unfrozen, with a valuation of 200 billion as the baseline."

“For those who are willing to join Ali, 25% of their stock options will be released every 6 months. If they leave Ali after working for a year, they can take 75% of their stock options with them. At that time, Ali will also initiate the buyback process based on the real-time valuation of New FoxTao.”

After Chen Yansen finished speaking in one breath, many people showed joy on their faces.

The customer service team, in particular, understood that Ali was not accepting them. The 25% options they held that had been unfrozen amounted to at least 1250 shares, which, based on a valuation of 200 billion, were worth 5 yuan.

This is equivalent to their annual salary, plus N+2 in compensation, totaling more than 6 yuan.

For second- and third-year students, this is undoubtedly a windfall.

The unfrozen options held by Zhang Wenbo, Xiang Pengfei, Zhuang Rui, and others are worth as much as 100 million yuan.

Even if they don't join Ahri, they can still get stock options and severance pay worth over 100 million.

"That's all for now, let's call it a day."

Chen Yansen waved his hand dismissively.

In his view, the best option for these people is to get in through a roundabout way with Ahri.

It's only 2011 now. After working hard for a few years with Alibaba, and riding the wave of Alibaba's IPO, everyone can become a millionaire or even a multi-millionaire.

After Chen Yansen finished speaking, everyone remained standing in place and did not leave.

They were initially upset that Chen Yansen had sold them and the company, but when they heard that they had sold for such a good price, they were overjoyed.

With a monthly salary of 16,000 yuan and an annual bonus, this income is definitely among the top tier for graduates of the School of Virtual Education.

"Sister Dan, I'll send you my resignation application in a bit. Please approve it as soon as possible."

Wang Zihao grinned and said nonchalantly.

He was Chen Yansen's best friend, so naturally he followed Chen Yansen. Even Ali's million-dollar annual salary couldn't sway him.

"Okay." Xu Dan was stunned for a moment before answering.

“Boss Sen, I’m with you.” Song Yuncheng opened her mouth, but for some reason, she just couldn’t bring herself to say the words ‘Brother Sen,’ though her gaze was extremely firm.

Among the team leaders, only Wang Zihao and Song Yuncheng stepped forward.

The others were caught in a dilemma.

Chen Yansen smiled but didn't say anything.

That's why he never talks about feelings; people should just talk about money and not engage in moral blackmail.

Besides the Orange Phone, he did have other projects in mind, but he didn't reveal a word of them.

Some people wanted to stand up and be as loyal as Wang Zihao, but when they thought about giving up a job with a monthly salary of 30,000 yuan and not being able to explain it to their parents, they could only stand still obediently.

"Class monitor, does Orange Technology need any administrative staff?" Xu Xingxing asked with a smile after a moment of silence.

"I'll report to the science park tomorrow," Chen Yansen nodded and replied with a smile.

"Brother Sen, I also want to go to Orange Technology." Du Yaoyao, the editorial team leader, squeezed out of the crowd and said earnestly.

"You're a recent graduate. Ahri will offer you a P6+ position, with a pre-tax income of 60. Go back and think it over before you talk about it."

Chen Yansen shook his head.

Xu Xingxing frowned, her pretty eyebrows furrowed, feeling a little unhappy: What does this mean? Does the class monitor think I'm unwanted?
Du Yaoyao hadn't expected Chen Yansen to refuse, but his words calmed her down. She nodded and stepped back.

"It's getting late, everyone go have dinner. Life is like this, with its ups and downs. I wish you all a bright future."

Chen Yansen waved his hand, didn't even go into 206, and turned around and went downstairs.

The era of FoxTao, which he led, has come to an end. From now on, FoxTao will become a branch of Ali.

　Gentlemen, I've been writing 10,000 words a day for 18 consecutive days, and I'm starting to feel the strain. The book's performance is okay so far, but it's not getting much traffic. If any of you have any votes, please give it a little support. Maybe if it moves up the rankings a bit, it'll get more traffic. Thank you so much!
　　
　
(End of this chapter)