654. Never Bring Wolves Into the House
It is a rare topic to convince Wang Teng to give up Yahoo's financing. As we all know, building an Internet company, especially the initial Internet company, was actually a very expensive project.
Especially as a veteran, Li Yifan knew very well that the development path of the Internet industry in China, any Internet company will face a crazy and shortage of money when it becomes bigger and stronger.
To put it bluntly, all companies have to lose money when they first go public, make money, gain publicity, spread their reputation, occupy enough market share, squeeze competitors out of the market, and then they can pick up a knife to eat. The days after squeezing their opponents out of the market will undoubtedly be the happiest moment for all Internet companies.
But before defeating the opponent and squeezing it out, everyone can only compete for strength with real swords and guns. To put it bluntly, it is just burning money, whichever has a strong family background and whoever has more money will have a greater reputation and whoever has enough market share.
Think about it a few years later, when all Internet company operators realized this, their crazy money-burning actions. The actions of these current Internet companies are simply pediatrics compared to the actions of those Internet companies at that time.
From the start of car rental in China to the later e-commerce war, everyone's money-burning behavior once attracted the attention of the Chinese people, and once occupied the front page headlines of major news media in succession.
These crazy money-burning measures once burned down China Car Rental and also burned up JD.com. Everyone was spending money in this market crazily, but of course the ending was that some people were happy and some were worried.
Some companies have become big shots in the industry, and some companies have ended up going bankrupt or being swallowed up by others because they are unable to do so.
When that crazy era came, Wang Teng and his forty thieves had already achieved success in this circle and had established an unshakable position. Therefore, although there were many challengers later, there were indeed not many companies that could truly threaten Wang Teng and his forty thieves. The owner of the little penguin who had a latecomer with a capital similar to his capital...
But at that time, Wang Teng and his forty thieves were able to burn money in that era when latecomers continued to burn money in a circle and gain fame in order to benefit the top and the sarcastic world. The reason why they were crazy money-burning activities that were a few years earlier than they were.
In 2005, the top 40 thieves were just a small company with a profit of less than 50 million US dollars per year. However, it was because of Yahoo's billion-dollar financing that they had ammunition, which made them have sufficient ammunition in the field of b2b. In the end, they were in the field of c2c.
So in reality, Yahoo's billion dollar is actually not one billion, but six to nine billion dollars in cash, which is very important for the development of the 40 thieves later.
But there is another thing to note that in this life, Americans are only willing to pay 500 million yuan, and only 360 million yuan in cash. Is this 360 million US dollars really that important now?
You should know that the 40 thieves' company's real success later was actually because by chance, because of the difficult life of the people in the lower classes of China, and facing the increasing costs, everyone had to choose a new shopping and lifestyle, which made Wang Teng's great luck.
Moreover, this luck is not an ordinary fortune, but a great fortune that suddenly increases the company's asset scale by hundreds or thousands of times.
Wang Teng and his company made a fortune in this luck, and did the Americans who intervened early and made the same fortune in the same profit?
And in the end, the Americans were unwilling to give up and just made a lot of money in silence. They were used to intervene quietly and control the company. They wanted more because Americans were always famous for their big appetite, which also led to a series of embarrassment caused by the last forty thieves when facing the listing problem.
In the American market, the forty thieves dare not go at all because they are not the home court of Americans. They even have napkins around their necks, and the knife and fork in their hands are even more shining. As long as the forty thieves reach their territory, they will immediately swallow you up and not even have any bones left.
On the Xiangjiang stock market, the managers of the Xiangjiang financial department were constantly licking the Americans' assholes, and they stuck Wang Teng's long-planned ab-stock plan, which made Wang Teng very embarrassed at the time.
In fact, based on the company's profit at that time, the top 40 thieves could not go public at all, but there were Americans inside the company who were acting as shit-scratchers, and outside was also facing pressure from many domestic powerful people. Everyone was waiting to share the cake. If you didn't go public, it wouldn't work.
On the other hand, if the company goes public, if it faces a massive amount of funds and the expansion of the board of directors, Wang Teng is likely to lose absolute control of the company, which leads to a dilemma between Wang Teng and his forty thieves in the state at that time.
Now Americans are starting to make plans earlier than in their previous life, and Wang Teng and the Forty Thieves are the time when they are short of money. Even if Li Yifan doesn't want Americans to come in, it will probably be difficult to convince Wang Teng. So now it has risen to the point where not only Wang Teng feels a headache, but also Li Yifan feels a headache.
"Xiao Li, in fact, I have been constantly considering this issue recently. Although our company has a good future prospect, it is not small competition. Now Americans are constantly challenging us through eBay. We have just gained a foothold in China, and our 40 thieves websites have just begun to make profits. However, if we don't make arrangements in advance, the future prospects of the company will be unpredictable. After all, the purpose of our 40 thieves websites is to make good use of our position as the world factory in China and provide a good platform for domestic and international import and export traders as much as possible. Therefore, it is not possible for us to just go around in China. If our company truly develops, we must go to the international market and make the reputation of our platform in the international market so that more foreigners know our website."
Seeing Li Yifan hesitating, Wang Teng was also very anxious. He now really wanted Yahoo's financing. It was not only because of money, but also another thing was that he could control Yahoo China. As long as he controlled this website, even if he got involved in the portal website, he would have mastered a search engine, so that he could promote it in China with greater efforts, their 40 thieves websites.
This is what he had always expected. Many people have not seen the power of this search engine clearly. However, as a person in the Internet company circle, Wang Teng deeply knows the prospects of this thing.
Now Google in the United States has begun to become famous. According to their usual practice, once they establish their status in the United States, they will begin to expand around the world. Now I heard that some people in China have begun to make such search engines.
As a businessman who has been scattering in the Internet field for many years, he quickly became keenly aware of the business opportunities here. In the Internet era, as long as there are some new ideas in the United States, and as long as you take the lead in plagiarizing these things in China, you will definitely be able to make money.
Haven’t you seen that the three major portals in China now, the little penguin, and even its own forty thieves, weren’t they all plagiarized from Americans?
And I and these people are pioneers, and they are undoubtedly full of oil now.
This search engine is the next piece of cake made by Americans. What everyone needs to do is to take the lead in creating our own search engine in China before the Americans arrive.
Now he has heard the news that not only are people working on it in the capital, but even the heads of several major portals are planning to work on this thing. Even the guy who has been squatting in the south to make a little penguin is working on it, so how can he sit still?
If he controls Yahoo China, then in the search engine area, this is a ready-made tool for him. Although Yahoo's search engine seems to be inferior to Google, they are still mature technology at least. Once they return to China to use it, they will definitely be one step ahead of others in the country...
Wang Teng's abacus was very smart, and during this period, Li Yifan was always thinking about how to resolve this crisis. In his opinion, bringing Americans in was definitely an act of attracting wolves into the house. Such measures were absolutely not allowed to happen.
In the future, the domestic e-commerce field will be a big cake involving tens of trillions of yuan. Now Americans have only spent 500 million US dollars and want to get a share of the pie. This is absolutely not allowed.
So what should I do next to resolve Wang Teng’s current desire to ask for money? Positive persuasion will definitely not work, and may even cause Wang Teng’s disgust, and may even cause rifts to the cooperation between the two. Then we have to work hard in other aspects.
Chapter completed!