Xiaguo, Lin'an.

In Jack's office, the atmosphere was a little nervous.

Although Vice Minister Jin had just arrived at Ali's headquarters two days ago and gave them great praise, Ali couldn't be happy from top to bottom.

They have long been recognized by the national level, with one more but not one less and one less.

There is no pressure on market competition. At present, there are many e-commerce companies in China, but in Jack's eyes, there is not a single one to play.

The only thing that really makes Jack and Ali and his group of founders laugh is the only thorn that has been nailed to their hearts: 40% of Ali shares in Yahoo’s hands!

According to the equity structure, Ah Li neither belongs to Jack nor the founder, nor to SoftBank Sun Mingyi.

The real largest shareholder of Ali is actually Yahoo. Although Yahoo, which holds 40% of the shares, has never had any sense of existence, it is actually the existence that can truly determine Ali's fate.

Last year, in order to legalize PayBei's operations, Ali did a big fuss and divested PayBei's business without notifying Yahoo, which triggered conflicts between the two parties.

Once, the relationship between Yahoo and Ali's management dropped to freezing point, and Jerry Yang even accused Ali of his violations repeatedly in the media and even had to resort to court.

At that time, Ali spent a lot of effort to calm Yahoo down.

This incident also made Ali understand that it was time to get rid of Yahoo completely.

The current situation is like a plot written in ancient novels. A poor scholar who was in a down-and-out world went to Beijing to take the exam. He was hungry and tired on the road. He probably would die if he couldn't walk into the capital.

At this time, a lady from the landlord's family came over and said, I will support you with 200 taels of silver, and you will go to Beijing to take the exam, but there is a condition. If you pass the Jinshi exam, you will definitely come back to marry me.

The scholar is about to starve to death, so how can he have a choice? Besides, this young lady is beautiful and beautiful, and her family is quite rich, so how can she disagree?

With the money given by the lady, the scholar went to Beijing to take the exam, but accidentally passed the No. 1 pick!

There are so many top scholars. The emperor values ​​it and favors it by ministers. Those who come to propose marriage will step on the threshold.

The scholar's idea changed.

The landlord's lady is indeed pretty good, but it is far behind the ladies of princes and ministers in the capital. The most important thing is that the rich man in the countryside actually doesn't have much money, and it is impossible for him to help scholars improve in his career. Both sides are really not a good match.

So the scholar wanted to give the lady some money to redeem his freedom.

So how much is the right amount of money to give?

What's even more terrifying is that the scholar heard that there was a stinky woman in the next village who paid a lot of money to buy the scholar's marriage rights from the landlord.

If this is bought by the stinky woman, the scholar will not want to marry the princes and ministers, so he can only wash the stinky woman's feet!

The scholar is still counting on a bright future, how can he tolerate such a thing happening?

This is what Ali and his group of founders are currently facing.

"No wonder Chen Shufa suddenly appeared. It turned out that Xingrui was behind him... It was really hard for them to go around such a big circle." Old Cai stood in the middle of the office wearing a snow-white shirt, probably because he was used to big scenes as a lawyer. He was the calmest among everyone.

Jack kept sitting in the boss's chair and said, "We were still careless. We thought Chen Shufa wanted to play that financing trick again, but he didn't expect that Xingrui was actually making trouble behind it..."

Jack just got the news today that Xingrui wanted to acquire Ali shares held by Yahoo. This is mainly because there is an agreement between Ali and Yahoo. No matter who Yahoo sells these shares to, he must notify Ali in advance. If both parties give the same conditions, the shares must be sold back to Ali first.

Although many companies have contacted Yahoo over the past year, and even large companies like Blackstone and News Group have engaged in substantial negotiations with Yahoo, Ah Li is not in a hurry at all because they have priority subscription rights and the prices given by most competitors are not enough to shake their determination.

But this time, just when Ah Li was already determined to buy back the shares, a Xingrui hidden behind Chen Shufa suddenly appeared, and they finally felt the threat.

Jack said with a cold face: "Xingrui... I have heard of Daming for a long time. Before the battle between Xingrui and Penguin, we always watched the fire from the other side of the river. I really didn't expect that they actually burned the fire on us. Do you think we Ah Li is easy to bully?"

Old Cai smiled faintly: "It shouldn't be, otherwise Xingrui wouldn't have used Chen Shufa as a shield at the beginning, and he was almost fooled by them."

"We must take the lead," Jack said, "We must buy these shares back!"

"How to solve the problem of funds? You also know that we have no money!" Old Cai sighed.

Ah Li really has no money, otherwise why would it be delayed until now?

Long before the PayBei incident, Ah Li had been discussing the repurchase of shares with Yahoo, and had one complicated and cautious negotiation after another, but it was never able to reach an agreement on the price.

Yahoo holds a mountain of gold in her hand and will definitely not make a move at a cheap price.

Ah Li was eager to redeem herself, but she couldn't afford so much money!

Although Ali has a high market share in e-commerce, the group does not have much cash flow. If you want to buy back the stock, you must raise funds from the outside.

At present, Ali's valuation of equity is around 13 billion magnesium. If calculated based on Ali's plan to repurchase half of the equity first and then repurchase the remaining half when waiting for the IPo, they also need to prepare at least 6.5 billion magnesium in cash.

This is a huge test for Ali's financing ability. During this period, Lao Cai was doing this and negotiated with the China Development Bank and several consortiums formed by several institutions, hoping to obtain two loans and equity financing of 2 billion magnesium each.

If these two funds can be settled, plus the loans and company cash that Ali had over-purchased during the privatization period before, they can basically cover the funds of this acquisition.

Although this will cause Ali to bear huge debts and face great debt pressure, it is also something that has to be done!

Jack looked at Vice President Tao Yiran and said, "Old Tao, can you withstand the financial pressure?"

Tao Yiran gritted her teeth and said, "No problem! We have very strong cash flow and we will definitely be able to survive!"

Lao Cai also said: "As long as we survive this level and speed up the overall listing, I believe we can solve all problems!"

Jack said: "Since that's the case, then go to war with Xingrui. It's time for him to know that Ahri is not as weak as a penguin..."

As he was talking, Jack's secretary hurried in and said, "Boss, you need to take a look at today's news program!"

"What?" Jack frowned.

"Personnel Jin inspected an industrial park in Xingrui in Haizhou today and gave a very high evaluation!" said the secretary.
Chapter completed!