Chapter 290 Successfully won, Teng Xun, Baidu took action!(1/2)
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"Dr. He, I remember that in 2009, Alibaba made its first strategic investment in UC."
"Last year, Alibaba made a second investment in UC. If, I mean, if Alibaba makes a third investment in UC this year, then at least 60% of uc's shares will fall into Alibaba's hands, right?
?”
Fang Ziheng did not lobby immediately, but asked He Xiaopeng a question about Ali.
"More than 60%, if uc accepts Alibaba's third investment this year, Alibaba will own 65% of uc's shares."
"Previously, Alibaba already owned 40% of uc's shares in two rounds of investment. This time I plan to raise 20%, and my team and I will only retain 15% of the shares."
He Xiaopeng shook his head and revealed the shares previously held by Ali.
Fang Ziheng's heart moved and he quickly calculated the direction of UC's shares.
In 2006, uc received angel round investment from Xiaomi Lei Jun.
Lei Jun used several million soft sister coins to obtain nearly 20% of the angel round shares of UC, which was just starting out.
In 2007, uc received another US$10 million in financing from Nokia Growth Partners and sold 10% of its shares.
In 2009, it received capital injections from Alibaba twice and sold 40% of its shares in 2011.
After several rounds of financing, uc has achieved rapid development, with a huge user base of 400 million and a valuation of US$1.2 billion.
In the last life, uc raised another 20% in 2013, and Alibaba completely controlled uc browser.
So much so that He Xiaopeng had to sell all his remaining shares to Alibaba in 2014 to cash out a large amount of cash.
In this life, Alibaba took action in advance, wanting to first import UC traffic into Alibaba, and then integrate the entertainment resources brought by UC Browser to further establish a large entertainment business group.
After figuring everything out, Fang Ziheng had some concerns in his mind.
He picked up the wine on the table and gave He Xiaopeng a glass, then refilled his own cup and said with a slight smile: "Director He, according to your statement, Ali is pressing harder and harder. Once Ali raises money successfully, you will lose control of uc
control!"
"Director He has been in shopping malls for many years, doesn't he still believe in the concept of 'independent operating rights' that Alibaba promised to you?"
"Of course I won't believe it."
He Xiaopeng shook his head with a wry smile, picked up the wine, clinked it with Fang Ziheng, and drank it all in one gulp.
From his point of view, whether he sells the equity to Alibaba, or sells it to Tengxun or Baidu, he will lose control of UC.
He chose to meet with Fang Ziheng today to see if a miracle would happen.
There are no miracles, there is money to be made!
Fang Ziheng seemed to have figured out what He Xiaopeng was thinking, and instead of hiding it, he directly sent out the killer weapon.
"Director He, if you sell your shares to Hengyu Media, you will get higher profits in the future. No matter you choose to leave or take UC operations public, Hengyu Media will fully support you!"
"Higher profits, what do you mean by this?" He Xiaopeng's eyes lit up and he asked urgently.
Hengyu Media fully supports it, and he believes it.
But what about higher profits?
"Dr. He, Alibaba is a big user of traffic. Maybe you don't know how attractive UC's 400 million users are to Alibaba's Taobao business!"
"If you don't choose to cooperate with Alibaba this time and it drags on for a year and a half, do you think Alibaba will be anxious?"
Fang Ziheng smiled calmly and summed up Alibaba's business objectives.
Up to now, the main body of Alibaba has always been the Taobao platform. The biggest purpose of all projects acquired by Alibaba is to divert traffic to Taobao.
Potato video!
Beautiful every day!
uc browser!
These three traffic giants were all killed by Ali in this way.
After the diversion was completed, Alibaba turned these empty sub-projects into treasure and established a large cultural and entertainment business group.
This is also the reason why Ali dares to be arrogant!
Alibaba’s major businesses do not operate independently.
Hang Cheng Ma does not care about a single profit point.
As long as Taobao is around, if one party's business suffers a loss or one or two losses, Alibaba can make it back from Taobao's business.
After Alipay is promoted nationwide, Alibaba will become even larger, possessing two major money-making tools, and all its businesses will revolve around these two major weapons.
If Hangcheng Ma hadn't been involved in finance and wanted to short banks, he might have been able to continue to be awesome.
"Director Fang, are you saying that Alibaba acquired UC just to divert traffic to Taobao?"
He Xiaopeng was shocked and stared at Fang Ziheng in disbelief.
“Diversion is the biggest goal!”
Fang Ziheng nodded and raised two fingers: "The first is to divert traffic, integrate UC's customer resources, and integrate Taobao functions into UC Browser, so that customers can better use Taobao."
Second, Alibaba is preparing to integrate all its pan-entertainment businesses and establish a big text strategy, and uc browser is one of the important links!
“If Alibaba acquires UC Browser, it will only continue to suck UC’s blood, and it will never be able to counteract UC and help UC develop and grow.
But Hengyu Media is different. Hengyu has endless content resources. These high-quality contents are exactly what UC lacks.
This point has been proven by Sohu’s Sogou browser, and I believe Director He already understands it!”
After finishing speaking, Fang Ziheng took a sip of wine, picked up Kuaizi to eat, and gave He Xiaopeng time to think about it.
He said everything that needed to be said, and the pros and cons were also laid out!
As long as He Xiaopeng is not stupid, he will make the right choice.
Not only is He Xiaopeng not stupid, but he is also very shrewd. He is a mediocre person who can be in charge of a company valued at US$1.2 billion.
Soon, he came to his senses.
Selling the shares to Alibaba at this time is indeed not the optimal solution.
Everything is available!
Only at the moment of greatest need, the other party can offer a surprising price!
Obviously, the next two years are when Alibaba needs UC the most!
He Xiaopeng spit out slowly, stood up and stretched out his hand towards Fang Ziheng, saying solemnly: "Director Fang, happy cooperation!"
This chapter is not over yet, please click on the next page to continue reading! "Okay, okay, Director He made the wisest decision!"
"Don't worry, Mr. He, with Hengyu Media's content addition, the UC shares in your hands can be worth at least 10 billion soft sister coins in two years at most!"
Fang Ziheng laughed loudly, gave He Xiaopeng a thumbs up, and gave He Xiaopeng a big compliment.
He didn't lie. In his last life, Alibaba launched the last acquisition of UC, offering a sky-high valuation of US$5 billion, and also wanted to acquire the remaining shares held by He Xiaopeng, Lei Jun and others.
A valuation of US$5 billion, equivalent to 38 billion soft sister coins!
You know, at that time Ali already held nearly 70% of UC's shares, and offered a sky-high price regardless of the cost. It can be seen that UC had a fatal temptation for Ali.
He Xiaopeng and his team cashed out more than 5 billion in cash from 15% of the shares, making him a real rich man.
Subsequently, Fang Ziheng and He Xiaopeng finalized the details of the capital injection.
uc’s total valuation is US$1.2 billion!
Hengyu Media Group invested US$120 million in UC Browser and acquired 20% of its shares.
Hengyu Media will continue to make up for the remaining US$120 million with high-quality content until He Xiaopeng leaves UC during the contract period.
In other words, when He Xiaopeng sells his remaining shares and leaves UC, Hengyu will stop delivering content.
If He Xiaopeng never leaves, Hengyu Media will continue to deliver high-quality content to UC.
This is a contract with checks and balances on both sides!
He Xiaopeng was also worried that Fang Ziheng had deceived him, buying UC's shares at half the price and then selling them to Alibaba at a high price!
But his worries were unnecessary. The day he left UC, Fang Ziheng would leave without hesitation and sell all 20% of his shares to Alibaba.
As for how much it will cost, we will tell when the time comes. Anyway, it won’t be cheaper for Ali.
........
After settling everything, Fang Ziheng went to the Zhaoyang District Construction Bank branch.
It will cost 120 million U.S. dollars to inject UC, which is 900 million soft sister coins, and the company only has 600 million cash on its books that can be used.
The remaining money needs to be borrowed from a bank.
Two hours later, Fang Ziheng returned to Hengyu Media with some documents.
He used the proceeds from three movies, "Famous Catchers 2", "Partners in China" and "The Great Wall", as collateral to obtain a one-time loan of 800 million RMB.
The three movies are all projects that are expected to be big hits. After the boss of China Construction Bank saw Fang Ziheng take out the mortgage, he agreed to the loan without saying a word and even asked him if it was enough.
To be continued...