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Chapter 1279: Chapter 1135: The Number 1 Major Shareholder (Please Subscribe!)
Due to the stock price plummet,
Yahoo urgently needed emergency funding.
Therefore,
before Monday arrived, Yahoo hurriedly signed a Share Transfer Agreement with Tang Qing, who paid $2.25 billion to acquire a 20% stake in Alibaba.
Once the news broke,
an even more depressing situation for Yahoo occurred.
The stock price continued to fall.
Many analysts believed that Yahoo was selling off assets to survive, but thankfully, Yahoo had a large number of its own circulating stocks, including some held by investment institutions, so the price didn’t fall too much.
The trading volume stabilized.
And so did the stock price.
Regrettably,
without further positive news for Yahoo,
the stocks in their hands might become a burden, but Yahoo’s executives didn’t feel that the company would go under immediately, at least not that quickly.
...
Tang Qing’s investment in Alibaba
also became major domestic news.
Now,
no one doubted Tang Qing’s foresight anymore, as his willingness to invest in Alibaba clearly showed his strong belief in its prospects; hence, the media and market gave extremely high praise to Alibaba’s potential year-end listing in Hong Kong.
Investors were very expectant.
In fact,
they were even more eager for companies invested by Tang Qing to go public, such as the Comet Group, Qingyuan Technology, and Microcrystalline Technology, which was already becoming a dominant player in the world’s photovoltaic power generation sector.
Even the Tianyan Group would do.
Each one was a premium asset.
Unfortunately,
Tang Qing stubbornly kept them private.
...
To facilitate the share swap between Xiao Xiao and Alibaba,
and
to attend his first Alibaba Board of Directors Meeting,
on Monday morning,
Tang Qing arrived in Hangzhou, where Alibaba’s headquarters were located. Frankly, it was his first visit to the city, but he had no plans to tour around. 𝚗𝚘v𝚙𝚞b.𝚌𝚘m
Maintaining a sense of mystery.
Was quite good.
"Whish whish whish~~~"
Tang Qing’s arrival
was warmly welcomed by the members of the Alibaba Board of Directors.
"Boss Tang, thank you for your confidence in Alibaba," Jack Ma sincerely said.
Tang Qing nodded slightly.
"Alibaba has great potential, but I have even more faith in you, Jack. You are the core of Alibaba, and your thoughts and philosophy are also its most valuable assets. I hope we will have a pleasant cooperation."
"Haha, I never expected to receive such high praise from you," laughed Jack Ma, who had heard many flattering words, but it was different coming from Tang Qing—it was an affirmation.
Tang Qing was investing in him.
Not Alibaba.
He suddenly felt a sense of kinship.
When Tang Qing sat down,
Jack Ma, on behalf of the Board of Directors, announced Tang Qing’s status as a board member, a necessary procedure. Meanwhile, Jack Ma also formally proposed the share swap with Xiao Xiao.
After speaking,
he looked at Tang Qing,
waiting to throw the ’cake’.
Tang Qing spoke up, "Thank you to the Board for the confidence in Xiao Xiao. I believe this is beneficial for everyone involved. Therefore, to ensure fairness, we have decided—"
"Before the swap, I will invest 5 billion RMB into Xiao Xiao Technology for the construction of three large data centers and daily operations. Once completed, Xiao Xiao will officially start offering cloud computing services."
For this collaboration,
Tang Qing had made plans in advance.
Cloud computing,
in this era, wasn’t exactly a new concept.
Last year,
Google was promoting cloud computing services everywhere, but with limited success. Although the development was swift, the inertia of the times was consistent; soon, this concept would quickly become mainstream.
Those present were professionals in the industry.
They didn’t need Tang Qing to explain what cloud computing was. In a nutshell, it meant that you needed storage, computation, and similar resources, but you didn’t have servers or storage devices at hand.
So,
I’ll provide for you, and you can just pay a bit of rent.
They were somewhat shocked by the investment amount.
Sure enough, it was Tang Qing.
Big moves.
Five billion RMB, he said he would invest it and he did—three large data centers, truly lavish, but it’s also good for cloud computing. Not to mention anything else, it would be quite useful for Ali alone.
Next,
was the discussion of the share swap ratio.
Since he had already talked with Ma Yun before,
and with Tang Qing’s heavy investment, the deal went smoothly, Tang Qing eventually agreed to a one-to-two ratio for a share swap with Xiao Xiao Technology.
At the same time, Tang Qing also agreed to a few other minor conditions.
Otherwise,
even looking at it now,
this ratio seemed a bit risky to get approved.
With this,
the Ali stocks in Tang Qing’s hands increased to thirty-two percent.
Becoming Ali’s largest shareholder.
Of course,
it wasn’t actually of much use, firstly because it was hard to make a profit in the short term and more money had to be spent, and secondly because Ali was still under Ma Yun’s control. Fortunately, Tang Qing had no plans to interfere with Ali’s operations.
And Ma Yun didn’t mind.
Ali’s partner system meant it didn’t make much difference who held Ali’s stocks, everything would go according to his wishes. Bringing in Tang Qing, a person with significant influence domestically, would bring a lot of benefits to Ali.
At this time,
the formal contract had not yet been signed.
Because Tang Qing’s investment had not yet arrived and Xiao Xiao Technology’s reorganization was not yet complete, things couldn’t proceed this quickly. Now they had only signed a letter of intent. The formal swap would happen in a week.
"Boss Tang, Ali will definitely become a great company," Ma Yun said as he shook hands with Tang Qing.
"I believe that."
"I’ll treat you to lunch, let’s have a good talk."
"I was thinking the same."
At noon,
they had a seafood meal at a hotel nearby, mainly discussing the newly launched cloud computing services. The concept had just come out, and although Ali hadn’t planned to get involved yet, they were very optimistic about its future.
With the rise of the mobile internet,
and the spread of 4G,
there would be an influx of new users.
There would also be a surge in corporate users because as smartphones become ubiquitous, the reach of the internet would expand more than tenfold, and the demand for data and computing power was beyond what had been previously imaginable.
Therefore,
Ma Yun also had plans in mind.
Ali,
would also need to expand its data centers. Whether or not to launch cloud services would depend on certain conditions, but the potential short-term trend Ma Yun could see was a possible explosive increase in traffic.
...
In the afternoon,
Tang Qing returned to Shanghai.
When Tang Qing arrived at his home near Fudan, Lin Jiaxue had not finished school yet. Not long after he entered the house, Tang Qing received a call from Dou Jiao. "Boss Tang, the fifty-billion-RMB loan has been approved by the four major banks in Qingyan City."
Over the phone,
Dou Jiao brought good news.
With Tianyan Group being a local company, the loan process from Qingyan City was swiftly completed. Although it was hard to see a short-term profit prospect for Xiao Xiao, no one was worried about Tang Qing having trouble repaying the money.
"That’s good to hear."
Dou Jiao was envious: "Boss, what about Tianyan?"
"You’re jealous of Xiao Xiao," Tang Qing said helplessly.
"It’s not that, it’s just, our parent company feels so poor..." Dou Jiao murmured, she was glad to see Xiao Xiao growing up, and without crying poor, how could they get their milk?
Tang Qing: "..."
"Don’t worry, I definitely have plans for Tianyan. Are you prepared for the meeting?" A subsidiary being richer and bigger than its parent company was indeed somewhat incongruous, Tang Qing planned to be fair to all.
"Preparations are complete," Dou Jiao said cheerfully.
"Good, I’ll join right away."
A few minutes later,
Tang Qing joined Tianyan’s conference system. Vice-presidents and managers were all present, and among the vice-presidents there was a new face – the former manager of Xiao Xiao’s operations department, now promoted to Group Vice-President.
For such a position,
of course, he was a Fighter.
Xiao Xiao,
had always been mainly developed and maintained by Fighters, and even when recruiting externally, it was primarily technical staff at the grassroots level and the middle tier. This time, to match the scale, promotions had been made.
