Rebirth, you call this an honest man?

Compared with Ali Group’s valuation of 15.13 billion yuan, Yanxuan Mall is a bit exaggerated.

For the valuation of Yanxuan Mall, we hired an agency that specializes in evaluating Internet companies. Compared with an evaluation company that specializes in industry,

This company gave the highest valuation based on the growth rate and prospects of the carefully selected mall, as well as the user scale and sales. Although it was not the price that Wang Heng and Mayun expected, it still reached 38.6 billion RMB.

Afterwards, both parties requested third-party certification, and then Wang Heng signed the merger contract on behalf of Yanxuan Mall and Mayun respectively.

After the merger, the valuation of the two companies is 53.73 billion. After the merger, the equity of the two companies is 71.7% for Yanxuan Mall and 28.7% for Ali. Yanxuan Mall has absolute controlling rights.

The shares are then distributed equally to each shareholder.

Ma uniformity is 35% (formerly carefully selected),

Ali management team is 9%,

Wang Heng is 36.3%,

Sun Yi is 8.3%,

Yahoo is 5.7%,

Taishan Club is 5.7%,

Wang Heng plus Mayun own more than 80% of the equity. Even without the AB shareholding structure, we can firmly control the company.

When the two companies merged, Ali's B2B also became a wholly-owned subsidiary of Yanxuan Group.

Even if they go public, Sun Yi and Yahoo will not have any shares to sell. They will continue to be restricted to start-up companies and cannot leave.

At this time, official documents from Yanxuan Group and Ali Group were also sent to them.

Only then did they realize that they had been fooled, and then they first wanted to find Mayun and want Mayun to give an explanation, but at this time Mayun didn't care about them at all.

Frustrated, Sun Yi, Yahoo and Taishan Club took Mayun to court.

Mayun didn't care at all about this. At this time, he and Wang Heng were taking a bath in the hot spring.

"Lao Ma, we have to be careful of them taking risks. You should pay attention to your personal safety."

"Sun Yi and Yahoo are a little better.

The one with dirty hands is Taishan Club.”

Mayun is also a little scared. In the parallel world, he gave up 37% of his shares. Now that the entire Ahri has been swallowed up, Sun Yi and Yahoo will definitely not give up.

But Ahli is not listed on the market, and all assets belong to the group company. In order to lead by example, he has not received much salary from the company in recent years.

So despite his original net worth of 4-5 billion, in fact he can’t even come up with millions in cash.

As for the 3 billion arrears borrowed in order to annex Ali Group, Ma Yun is not worried. Yanxuan Group is valued at 53.7 billion. As long as Ma Yun takes out 10% of the shares, it will be 5.37 billion. It is no problem to pledge 3 billion to borrow 3 billion.

Wang Heng also knew Mayun's dilemma and said directly,

"After you take office as the president of Yanxuan Group, the company will build a bulletproof fleet for you to travel, and your bodyguard team will also be expanded. These expenses will be borne by the company."

"Yeah!" Mayun didn't refuse, knowing in her heart how much trouble she had caused.

At this time, although Sun Yi, Yahoo, and Taishan Club owned 19.7% of the shares, they only had 1.97% of the voting rights due to the ab equity structure of Yanxuan Group.

The three parties combined could not even get a seat on the board of directors, and they became small shareholders with no say.

Wang Heng and Mayun both hold 1:10 stock voting rights. Together, they have close to 100% control.

Therefore, it is too easy to engage them in equity. Of course, although it is easy, it must be reasonable and legal, and they must not suffer losses. So at this time, the two of them were thinking about how to get another equity that would oppress them.

The company's small shareholders cannot be kicked out. If we want to force them to exit, we must either increase capital and expand shares to dilute their equity, or never pay dividends or go public.

However, they are all capital, and Ma Yun has no money to increase capital and expand shares. Naturally, this trick of increasing capital and shares is useless.

It is even more impossible to never pay dividends and not go public, so dilution can only be achieved by constantly acquiring startup companies.

Mayun thought for a while and said,

"Let's do this. We will set up a few more companies, and then let the group company acquire them. After offsetting, we can reduce at least half of their equity."

Wang Heng frowned,

"To reduce half of the equity, it must be a startup worth at least 50 billion. Isn't this a bit exaggerated?"

"Of course one is not enough, but dozens of startups are enough. SoftBank has invested in at least 600 companies since its establishment in 1981, but the success rate is only 10%.

China.com climbed to its highest price of US$220.3 in 2000, and its total market value was once as high as US$5 billion. Then China.com changed its name to China.com Investment Group, and then began a new round of business expansion. It has acquired nearly 20 companies in succession over the years. Currently,

The market value has dropped by more than half,

Therefore, it is normal for Yanxuan Group to establish an investment department and acquire or merge dozens of startup companies!”

Wang Heng has a strong say in starting a business. After listening to Mayun’s words, he said,

"I can think of dozens of startup companies, you can add them."

Mayun nodded, and Wang Heng continued,

"According to the Internet+ model, basic necessities, food, housing, transportation, and various industries are all covered. Needless to say, clothing, Pinxixi Mall, Yanxuan Mall, and Taobao Mall are all of this type.

Food is to move restaurants to the Internet, such as my Meituan, allowing users to order food freely anywhere.

Accommodation is to move hotels to the Internet so that users don’t have to look for accommodation everywhere.

Yes, it means moving taxi hailing to the Internet so that users can hail a taxi conveniently anytime and anywhere.

…

The most important thing is that as long as we acquire a mapping company, we can move all the above industries to the Internet."

Wang Heng has long since passed the mentality of starting his own business. His current mentality is to just talk without practicing and let others do it. If he can do it half well, it doesn't matter if he doesn't. He just needs to acquire successful companies on the market.

His future development path is to take the path of capital investment.

After Mayun heard Wang Heng talk about a bunch of companies, he was thinking, who brings a computer with them anytime and anywhere, and it also needs to have an Internet connection?

But after thinking for a while, he thought of the big move Wang Heng made a year ago, and he felt it was a storm at the time.

Now that I heard what Wang Heng said, my feeling became even stronger.

"Everything you mentioned requires a device to complete, excluding computers first, so..."

Wang Heng was quite cheerful and said bluntly,

"That's right, it's a mobile computer, that is, the mobile Internet, a real smartphone."

Mayun asked tentatively,

"How about Yanxuan Group directly acquires your mobile phone company?"

Wang Heng turned back and glanced at Mayun. If we look at the domestic market value of the parallel world, Yanxuan Group is equal to JD.com + Ali + Alipay. Its future market value will be around US$600-700 billion.

The Honor mobile phone is at most equal to Xiaomi + Oppo, which is equivalent to more than 100 billion US dollars. However, only Wang Heng knows the market value of the two companies.

Half of the Honor mobile phone is made of Wenwei. In the future, the system and chips of Honor mobile phones will be inseparable from Wenwei, so he cannot leave Wenwei aside.

The conversion here is very troublesome. Huayi will definitely not admit Yanxuan Group's exaggerated valuation of 53 billion.

Of course, if the Honor mobile phone is valued at 53 billion, Huayi will definitely accept it, but this will harm the interests of Ma Yun and him, which is very difficult.

Seeing Wang Heng's silence, Mayun suddenly became more interested in smartphones. After all, the terminal of the mobile Internet is the smartphone. Only by mastering the smartphone can one build the company Wang Heng just mentioned.

"How about we join forces and set up a mobile phone company!"

"I think it's possible. Not only will we set up a mobile phone company, but we will also set up a software company to support smartphones. Then we will form a mobile Internet ecosystem. In a few years, everyone can just take a mobile phone with them when they go out."

The domestic market is so big that it cannot be conquered by just one company. Of course, Wang Heng is in favor of setting up another smartphone company.

Mayun has no money, so he has to pledge the equity of Yanxuan Group for a loan, and he also has to repay the previous 3 billion.

So he was a bit more ruthless this time, planning to pledge 20% of Yanxuan Group's equity at one time and borrow 6 billion RMB to repay the debt and start a business.

Mayun dared to bet because Wang Heng valued the Honor mobile phone and he misunderstood Wang Heng's meaning.

Thinking that smartphones are the core assets of Hengda Group, all companies in Hengda Group, including Pinxixi and Wang Heng, release their equity at will.

But when it comes to the Honor phone, Wang Heng won’t say anything. Judging from Mayun’s contact with Wang Heng for such a long time, Wang Heng has always been a ghost.

In addition, everything Wang Heng said about Internet+ is inseparable from smartphones, so Mayun also took it more seriously.

After discussing with Wang Heng, Mayun approached Goldman Sachs Investment and pledged 20% of Yanxuan Group's equity to him and borrowed 6 billion.

Then Xiaomi mobile phone was established, Ma Yun invested 2 billion, and Wang Heng authorized the mobile phone patent. This patent licensing fee was originally a special quotation made by the boss to support Wang Heng. In addition, this part of the patent will also be used in the mobile phone, so

After the exchange, Wang Heng’s patent fee was actually not as expensive as 2 billion.

But Wang Heng didn't know. He thought the patent was worth just that much. Ma Yunjian even agreed with it, so he had no objection.

In addition, Honor Mobile has been established for such a long time and has successively applied for some peripheral patents. Wang Heng licensed them to new companies together. Honor Mobile even supports new mobile phone companies in terms of technology for free.

For Wang Heng’s move, Huawei’s boss also supports it. If smartphones want to become bigger and stronger, Huawei and Honor alone are definitely not enough. He also supports the establishment of more smartphone companies in China.

After all, HuaWei mainly focuses on technical support, and other mobile phone manufacturers cannot do without HuaWei's technology. HuaWei only sells high-end mobile phones and cannot be truly popular.

Wang Heng and Mayun’s mobile phones are called Xiaomi. Wang Heng did not explain the meaning of the name, and Mayun did not delve into it. Wang Heng used patent authorization to obtain 49% of the equity, and Mayun invested 2 billion in cash to form a company and took 51% of the equity.

,

Mayun’s remaining 1 billion plus the 1 billion invested by Wang Heng Company, totaling 2 billion, established 10 Internet+ companies.

For example, Internet + catering = Are you hungry?

Internet + accommodation = Ctrip,

Internet + taxi = express taxi,

Internet+……

Although these enterprises are very important, Wang Heng and Mayun have left them to their subordinates.

Hengda Group currently invests in no less than 20 companies. Naturally, Wang Heng cannot pay attention to every one of them.

For example, SoftBank has invested in more than 600 companies. If Sun Yi paid attention to every one of them, how could he have so much time?

For Wang Heng, Hengda Group’s domestic focus companies are Pinxixi Mall, Pinxixi Payment, Yanxuan Mall, Honor Mobile,

The next level, Meituan, the newly established Xiaomi, LeYouku,

Once again, Hengda Media, JD.com, QR Code Company, DJI, Ele.me...

Sun Yi, Yahoo and Taishan Club were very angry. As hunters, they were fooled by Mayun.

Although in terms of investment return, Sun Yi's 8.3% equity is worth more than 4 billion, and he has earned more than 20 times based on the capital he invested in Mayun, the account is not calculated that way.

In Ahli Group, he is the equivalent of a grandfather. In today's Yanxuan Group, he is not even a grandson. There is no need to notify him specifically of what Mayun and Wang Heng are going to do. Yanxuan Group directly posts a notice, uu read books www.uukanshu

.com You can do it as soon as you feel it,

Not to mention holding a board meeting, as well as Yahoo. In the past, he could compete with Ma Yun for control. Now he doesn't even have a say and has become a small shareholder with no power at all.

The people in Taishan Club were even more angry. After suffering a loss on Pinxixi, they suffered another loss here, and this time they even lost their capital and profits. The shares originally worth 4 billion were only

There are only 2 billion left, which means they lost half of it without doing anything.

The three parties then took Mayun to the International Court of Justice without waiting for the domestic court hearing.

The three parties still don't know that Mayun has no intention of letting them go. It's not too bad now. Only after the equity is diluted twice will they know how ruthless and ruthless Mayun is.

Mayun smiled after receiving the letter from the International Court of Justice. He was not afraid of them in the lawsuit. Mayun even sent a letter to each of the three parties.

Then Sun Yi jumped up and yelled after receiving Mayun's letter, "Baga!"

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