Rebirth, you call this an honest man?

Ari directors expressed difficulty in understanding Mayun's explanation.

A Yahoo representative directly refuted, "Ali is listed on b2b, not the Ali Group Corporation. Taobao and b2b are two independent companies, how can it affect it?"

Mayun, "Tao Bao and b2b are equivalent to Ah Li's two children. Raising Tao Bao with b2b is the same as raising b2b with Tao Bao?"

Well, I will announce the listing and financing of b2b tomorrow to help Tao Bao and Pin Xixi compete for the c2c and b2c markets. Can you try and see if Ali b2b will fall below the issue price?"

Yahoo representative, "Why not raise funds to expand B2B market share?"

Mayun gave the other party a "you are an idiot" look,

There is no one competing with Ahri in the Ahri B2B market, and by 2022, Ahri will be the only one.

But as for revenue, Ali’s total revenue in 2021 is 836.4 billion, while B2B is only 32 billion, accounting for only one-twenty-fifth. To be honest, this revenue is not enough for Ali’s expenses, if it were not for the subsidies for international business

, Ah Li has already thrown away,

Therefore, after Ali b2b was delisted in Xiangjiang, it became an invisible existence in Ali Group. Not only did the media not report it, but they themselves did not pay attention to it. The Ali Group that was promoted afterwards seemed to be just a business of Tao Bao.

In fact, Ali Group’s B2B listing was to cut off shareholders’ profits. In the parallel world, Ali’s B2B business was the main body in 2007 and was successfully listed on the Hong Kong Main Board. It raised US$1.7 billion just to develop Taobao.

The scale of financing at that time surpassed Google and became the largest financing in the technology field. Ali's market value exceeded 20 billion US dollars in one fell swoop, becoming the second largest Internet company in Asia by market value, with a price-earnings ratio as high as 300 times.

It was almost unrivaled among the technology companies that were listed at the time. It was oversubscribed 258 times and the frozen capital reached 450 billion Hong Kong dollars, setting a record for the highest frozen capital in the Hong Kong stock market.

It closed at HK$39.5 on the day of listing and HK$40.4 on the next day, equivalent to three times the issue price, setting a record for the highest increase in new shares in Hong Kong in 2007.

However, at the peak of its listing, Ali b2b's stock price subsequently performed unsatisfactorily, and then began to decline from the third quarter of 2009. By February 2012, the stock price once fell to less than 10 Hong Kong dollars, a direct loss of three-quarters.

Finally, in 2012, Ali Group announced that it would acquire 27.03% of the listed shares at a price of HK$13.5 per share, and after repurchasing the shares, Ali would be delisted from the Hong Kong Stock Exchange after privatization.

In the past five years, the hard-working small and medium-sized investors who were once optimistic about Ahri's shares, believed in Mayun as a god, and were addicted to all kinds of propaganda given to them by Ahri, were basically trapped by Ahri, and most of them suffered heavy losses.

From the listing price of 13.5 Hong Kong dollars to the delisting price of 13.5 Hong Kong dollars, everything has gone full circle, and everything is back to the starting point. It seems that Ali Group has not made a minute of money in the market.

But let’s not say that Ali took 1.7 billion US dollars from the market and used it for five years without any interest.

Let’s talk about the shareholders of Ali Group. In 2007, Ali shareholders reduced their holdings at 40 yuan, and then used 13.5 yuan to recover them in 2012. The profit of 26.5 yuan was not enough for them?

Wang Heng created Pinxixi, and he also plans to follow the Ali Group's example and reduce Pinxixi's holdings to 3 trillion at the beginning of 2021, and then use 500 billion to recycle it at the end of 2021...

Returning to the Ali Group's board of directors, after Yahoo retreated, Mayun looked at the shareholders of Taishan Club,

A group of people in Taishan Club are engaged in traditional business and don’t know much about Internet business, so they didn’t say much.

Then there is Sun Yi. Ever since Mayun and Wang Heng got together, he no longer has the same respect for Sun Yi as before.

Before this, Mayun was called a big brother and worked as a small consultant at Softbank.

Now, he won't be able to use Sun Yihou. He is just like Ahri's transformation in the parallel world after it was listed in the beautiful country in 2014.

Of course, by that time, Ahri Group and SoftBank had switched sides, and SoftBank had become like a leech crawling on Ahri Group to suck blood, so Sun Yi had some idea and could calmly accept the transfer of status.

At this time, Mayun had made Ali Group a mess, B2B had even suspended its listing, and Tao Bao's performance was deteriorating day by day.

At this time, Mayun still did not want to repent, and was arrogant and aggressive towards the shareholders on the rostrum. At this moment, Mayun's favorability in Sun Yi's heart was ruined.

Sun Yi said with a cold face, "Chairman Ma, is this how you treat Ali's shareholders? If you are incompetent and cannot manage Ali Group well, I will initiate a vote to cancel your special equity qualifications."

Generally speaking, under AB shares, the founder's voice has more weight, which will lead to the phenomenon that investors' words have no effect after investing money, and will eventually lead to the consequences of the company's one-word speech.

When the company's decisions are correct, or when the founders and other shareholders agree, they can still get along with each other.

If the founder insists on making decisions, he will naturally have conflicts with other shareholders. If the chairman makes a wrong decision, other shareholders will become "victims."

Moreover, the "one-share-dominated" AB-share system is very unfair to small shareholders. It weakens the rights and interests of small shareholders and is prone to corruption in which large shareholders "blackmail" small shareholders.

Therefore, generally some restrictions will be made after quoting the ab equity structure.

For example, when considering resolutions of a general meeting of shareholders that have a significant impact on corporate governance, shares with special voting rights will no longer enjoy privileges and will be voted on fairly with the same rights as ordinary shares.

Situations involving modifications to the company's articles of association, changing the number of voting rights enjoyed by shares with special voting rights, hiring or dismissing independent directors, company mergers, divisions, dissolution or changes in company form, transfer of equity by shareholders holding shares with special voting rights, etc.

Mayun obtained a special AB shareholding structure with a very small amount of equity. Especially since Taishan Club lost tens of billions of wealth due to share exchange, Mayun signed the above agreement in order to obtain the privileges.

So Mayun didn't have any worries about using Yanxuan Mall to annex Ali, whom he had worked hard for. This was not just for profit,

What's more, because he failed to deal with Wang Heng's efforts, his power and prestige were gradually weakened.

On the contrary, in Yanxuan Mall, he and Wang Heng set up unrestricted absolute power like Zach from the beginning, so whether he gave the voting rights to Wang Heng or Wang Heng gave him the voting rights, no matter who the two of them were,

Can fully master the carefully selected mall,

In fact, Wang Heng had absolutely unlimited power when setting up Pinxixi's equity structure, because at that time Wang Heng himself had absolute controlling rights.

Mayun didn't seem to care that Sun Yi wanted to overthrow his special powers and said,

"Since President Sun is dissatisfied with me, let's follow the procedures. According to the procedures, as the chairman, I have a veto power.

Now as the chairman of the board, I veto Director Sun’s power to cancel my special stock.

Next, Mr. Sun, you initiated a vote to re-elect the chairman, and I have ten times the voting rights. I voted that I will continue to serve as the chairman of Ali Group.

My decision has been made. Now it’s up to you to follow the charter. Before the new chairman takes office, Tao Bao continues to negotiate the annexation case with Yanxuan Mall. B2B has officially suspended the IPO due to the chaos in the Ali Group board of directors. Today’s meeting ends here

, the meeting is dismissed.”

After Ma Yun finished speaking clearly and neatly, he forcibly announced the adjournment of the meeting and left the conference room, regardless of the shareholders' opinions.

After Mayun left the meeting room, he was not too worried about Sun Yi's proposal to cancel his special voting rights. The procedure would not be settled in a short time, and he was not someone who just waited for death.

So before he stepped down as chairman of Ali Group, Ali Group was basically in his hands.

After Mayun left the conference room, the air conditioner in the conference room suddenly turned off and the lights went out.

When Sun Yi was still thinking about why Mayun's attitude had become so tough, the conference room suddenly turned dark.

Yahoo representatives and the people at Taishan Club were stunned by Mayun's operation.

Is Mayun going to break up now?

At this time, all shareholders were full of uncertainty about Ahri's future. Is Mayun actually such a person?

In fact, Sun Yi also said it. His original intention was to force Mayun to listen to him, but he didn't expect that it would end up like this.

However, Mayun actually did it on purpose. Of course, it was not his idea to turn off the lights and air conditioning in the end. He is not that low-level.

If a company even needs to re-elect its chairman, can it still go public? Of course not!

Therefore, if you want a stable listing, the company must be stable, but if the company is stable, you cannot remove him as the chairman.

But if he cannot be removed as chairman, he will use the power of chairman to terminate the listing, so this is a circle, and he will always be in an invincible position.

……………………

Although Mayun and Wang Heng conspired together, Wang Heng really had nothing to do with him. He stopped taking care of Yanxuan Mall after he handed it over to Liu Dong.

Anyway, in the end, he only looked at the results and waited for Mayun to sign.

After returning from Shanghai, Wang Heng regained his confidence as a man. After working steadily for two days, he turned his attention to Shan Menghan again.

The villa that Wang Heng arranged for his woman was very impressive. They actually arranged them together.

For example, his home is in Building 16 of Xixi Villa, Shan Menghan is in Building 26, Xiao Yan is in Building 36, and Lu Yingying’s home is in another villa area. Currently, her parents and her brother live there. Lu Yingying lives there because of work reasons.

in Shanghai,

In the past, Xiao Yan and his family lived in the same community. He did it for convenience. Later, he also went home because of the convenience. After Xiao Yan rejected him several times, he subconsciously returned to his home.

Now he has arranged for Shan Menghan to come over, naturally for the convenience of stealing the fragrance,

As for whether Shan Menghan and Xiao Yan would meet, he didn't consider it at all.

Wang Heng's house is on the right side of the community, Xiao Yan's house is on the left, and Shan Menghan's house is in the middle.

Both Xiao Yan and Lu Yingying took their parents to their side, but Shan Menghan did not. It was not that she had no filial piety, but that her parents did not want to live with her.

The reason is naturally due to Shan Menghan’s character.

To Wang Heng, the bodyguards of Shan Menghan's family were just a fake person.

Shan Menghan didn't pay too much attention to Wang Heng who came uninvited. After all, he was given a villa worth millions of dollars, so he should stay for a few nights.

So Shan Menghan was minding her own business and ignored Wang Heng. Shan Menghan was very strong all her life and did not relax in her studies just because she took shortcuts, so she returned from the company and continued to learn financial knowledge on her own.

Wang Heng said hello, and seeing that she ignored him, he went to Shan Menghan to watch her study.

Wang Heng was already thick-skinned. Smelling Shan Menghan's fragrance after taking a bath, he couldn't help but stretched out his hand to tentatively hug Shan Menghan's waist.

Shan Menghan had no reaction and continued to look at her study materials.

After Wang Heng waited for a minute, he held Shan Menghan's hand and moved tentatively.

Shan Menghan still didn’t respond,

Wang Hengtou also moved over...

Shan Menghan's neck was itchy and she pushed his head away.

Wang Heng stopped attacking and hugged Shan Menghan honestly. After a few minutes, seeing that Shan Menghan did not reject him, he started the previous test again,

After disturbing Shan Menghan's study again, Shan Menghan suddenly put down the book and said,

"Can you please stop taking your time and come quickly? I still have to study when you're done."

After Wang Heng heard what Shan Menghan said, he suddenly became angry. She had already prepared it, but he had no eyesight to see it.

Without saying a word, she stretched out her hand and picked up Shan Menghan in a princess hug, and walked towards the bedroom...

…………………………

Originally, on January 9, 2007, Joe, the founder of Apple, was supposed to launch the Apple 1 generation at Mascony in San Francisco, the beautiful country, and the world would enter the mobile Internet era. However, due to patent issues, the release of the Apple 1 generation had to be suspended.

Of course Apple wanted to release it first and then file a patent lawsuit with Wang Heng, but because it took precautions, Apple had no choice but to apply for a compulsory patent license.

Each international patent member country stipulates the approval of compulsory licenses under certain conditions to prevent possible abuse of rights by patentees.

However, applying for this compulsory license patent is quite troublesome.

Only when the patentee fails to implement the patent for three years after obtaining the patent and cannot provide a legitimate reason, the patent-granting country can adopt a compulsory license.

In other words, if Apple wanted smartphone design patents and operating patents, Wang Heng would have to deliberately refuse to grant them, and it would take three years for the approval to be granted.

In addition, this kind of compulsory license is not non-exclusive. In addition to the person who is granted the license, the patentee can still use, manufacture, and sell the patented products by himself, and still has the right to issue patent implementation licenses to others.

A person who has obtained a compulsory license can only implement the invention patent himself and cannot transfer the compulsory license unless it is transferred together with the enterprise using the compulsory license.

A person who obtains a compulsory license shall pay reasonable remuneration to the patentee.

In other words, even if Apple applies for a compulsory patent license three years later and obtains Wang Heng's patent, it can only use it for itself and cannot authorize or transfer it to others, and it will still have to pay Wang Heng's patent fees.

All the favorable factors are on Wang Heng's side. Even if the beautiful country is more capable, it will still take 1-2 years to complete, so it gives him and Hua Wei enough time to come up with a smartphone.

In fact, it is not difficult to make a prototype. What is difficult is to build a large-scale production line.

Moreover, chips and systems are not that easy to come up with, so the only way to be the first to launch a smartphone before Apple is to use other people’s systems and other people’s chips.

Hua Shi, the boss, didn’t attach too much importance to the reputation of the world’s first smartphone, so he chose to continue research and development.

But Wang Heng chose another path, which was to release and define it first, and then upgrade the system after it was turned into a system, abandoning the original system.

On January 10, while Kia and Motorola were competing for the global market, Samsung was secretly developing, and Apple was busy working on patents,

And Wang Henghe became the CEO and held the first Smartphone Developers Conference in Shenzhen...