While Zhang Lei was listening, he couldn't help but look at Li Zehua's reaction. In fact, these were also what he really thought.

Yes, why do we need so many people to start an Internet business?
This is completely different from the logic behind his investment in JD.com, because in the e-commerce online shopping track, Ali is the leader and JD.com is the follower, and the gap is so big that it is despairing.

Although the models of b2c and c2c are different, they are both e-commerce in essence. If JD.com wants to break through successfully, it must have its own unique advantages.

This is why Dong Ge only planned to ask for 7500 million at the beginning, but Gao Ling offered 3 million. If you want to do it, you must succeed!

If you shoot too little and have no hope of breaking through, it would be better to just waste your energy.

The acquisition of Hummingbird happened to be at a critical juncture when he was investing in JD.com. He had already decided to invest, but was still lobbying various funds to enter the market.

The hummingbird model can cause great harm to people if you do not invest and allow the latter to succeed.

Then the biggest advantage of JD Logistics will be offset, and Gaoling’s strategy of developing e-commerce will fail. Long-term preparations will be meaningless. Who can be willing to accept this?

So he invested in Hummingbird, not only because it was the first in the market, but also because it had the genes for success and a complete set of business logic.

But now it seems that it is a little bit lacking.

It would be better to learn from Ali and directly look for franchisees across the country. Not only can you collect franchise fees without doing anything and pass the personnel burden to the franchisees, but you can also draw a commission from the specific business.

Steady profit without losing!

All things considered, for the same 10,000 people, Ali only needs to pay the salaries of a dozen managers and fully connect with the franchisees.

If you eat it, you have to bear the full cost.

In the eyes of capital, who has more advantages? Is there any need to choose?

These days, as we learn more about what hummingbirds eat.

Zhang Lei's mentality is also changing. Of course, the big picture that Li Zehua painted is very tempting and there is a possibility of success.

But being too slow and too difficult is destined to be a tough road full of thorns.

Especially now that Ahri has entered the game to compete directly, the future is full of uncertainty.

According to the original plan, Chimei Fengniao should have a few months of peaceful development period. After venture capital enters the market, it can use its personal connections to recruit various talents.

Only by strengthening various rules and regulations, checking for omissions and shortcomings, solving various shortcomings in enterprise development, and eliminating hidden dangers can we meet challenges in a stronger state.

In this process, the company's market share has further increased and it has been accepted by more and more consumers. With the support of venture capital, its revenue and profit statements have been increasingly recognized by more investors.

The most difficult and dangerous period of growth has passed, and even if competitors enter the market, the company has the ability to defend its first-mover advantage.

Competition is not always a challenge, it is often accompanied by huge opportunities. Only through competition can we discover and solve problems more quickly.

At the same time, because there is competition, it can attract more attention, and the company can get a higher valuation by virtue of its position as a market leader.

Then, through round after round of financing, more allies will be attracted, and once it is recognized by the mainstream market, it can be arranged for listing.

At this time, venture capitalists should cash out and leave to look for the next investment target.

The rules are that simple!
Zhang Lei wanted to persuade him again, but he felt a headache when he thought about the other party's stubborn character.

In fact, he was very interested in Qingyun Group’s overall strategy for food delivery.

It is a bit difficult to connect the upstream and downstream of the ecological chain, but if it succeeds, it will go straight to the position of industry monopoly.

Why bother arranging an exit mechanism? Wouldn’t it be better to just lie back and enjoy the benefits for the rest of your life?
Li Zehua looked at him suspiciously, listened to the recording for a while, and couldn't help asking Lin Wenhui.

"Do you think what this person said makes sense?"

He sneered at this, what kind of bullshit logic?

He had been an agent in his previous life and knew the tricks clearly. He was nothing more than a big player who had the right to speak in the industry.

They want to eat the fattest piece of meat, but are unwilling to assume corresponding social responsibilities. In the end, they rely on monopoly to drive out good money with bad money.

It would be perfect to throw the risk to society and let everyone bear the consequences together.

After all, free is the most expensive.

Because they charge just to make money from you!

And the free ones want your life, want to control your mind, guide your thinking, and make you become what capital wants you to be.

In the end, they become tools without independent thinking ability, willingly cheering for the interests of capital.

Even if they fail in the end, they still have something to say, that this is all due to the bad environment and the ceiling restrictions.

The industry is declining not because they are too greedy or they are taking advantage of others, but because everyone is not working hard and is undermining each other.

Then they just walk away, looking for the next opportunity, and continue to play the same scene...

Compared with Zhang Lei, Lin Wenhui can better understand Temasek's underlying logic behind investing in Chimo.

Although he did not understand this issue, he respected the company's collective decision.

Just try to smooth things over, "I guess everyone has their own reasons."

"It's like I didn't say anything."

Li Zehua snorted and didn't dwell on the question any more. "Just keep listening. It would be great if Mr. Dai could tell us the complete plan for Ahri."

That's a dream!

Because only half of Ali's specific policies have been released so far, the partnership team has two directors, one of whom has flown to Jiaobenji, and the other is busy dealing with Ali International's stock price and payment system issues.

There is not enough time to communicate and negotiate with investors, so how can we have time to pay attention to the development policies of food delivery and express delivery?

The decision to recruit investors nationwide for Cainiao Network has yet to be made, but the specific scale and number of franchisees to be arranged in each region have yet to be determined.

What conditions does each franchisee need to provide in order to obtain the franchise rights, how to manage and maintain the franchise in the future, and how to distribute the specific benefits.

All of these need to be further studied in meetings.

At least until the express company gives in, Ali is unlikely to take further measures.

At this stage, we are more inclined to release information to the market, wait for market feedback, and then make comprehensive considerations to choose a path that best suits Ali's interests.

The rest of the Ali founding team was also shocked by Yahoo's attitude. It can be said that the payment system was a time bomb buried under the feet of Ali's management.

I don't know how powerful it will be. After all, Yahoo is the largest shareholder, holding 40% of Ali's shares. What if it forcibly demands to take over the management of Ali in advance?
Teacher Ma was also panicked.

He knew this would happen on the day the shares were transferred, but he never thought it would happen so soon.

It was transferred on June 10th, and it was discovered more than a month later?

“Temasek, have you stopped being a human being?

I really don't understand why he broke up with Ali just for a little-known company!"

No matter how much you curse, the problem still needs to be solved. What can Teacher Ma do?
They could only seek help from the regulators. After all, it was they who gave the regulators the heads-up that made the Ali founding team decide to transfer the equity of the payment system to Zhejiang Alibaba.

Now that Yahoo has come to them to ask for culpability, they must step in to help Ali through this difficult time...

"It's difficult."

It was a pity that after listening to the end, he did not get the information he wanted to hear most. Li Zehua pretended to be serious and sighed.

"Why is it so difficult to do something?"

He is not afraid of anything just by picking up some coins. He is secretly happy in his heart.

"Isn't it easy to do things?"

Lin Wenhui finally said what he had been holding back. "Wait till tonight to see the good show. Even though Yahoo plummeted yesterday, the highlight is today."

"How to say?"

"Tell me more about it."

"The financial market is more brutal than the investment world. It's like the saying goes, 'we'll kill you when you're sick.'"

Seeing that they had aroused their interest, Lin Wenhui was very proud, "Yesterday was just an appetizer. Several financial institutions reached a tacit agreement to keep the news secret and not publish it.

Because short selling requires chips, on the first day, we just borrowed chips from various securities companies to crash the market, but there are so many securities firms around the world that participate in the US stock market.

Yahoo is so big, how can we just take a bite of it?

In addition, let’s not talk about Jerry Yang’s identity.

Internet giants such as Microsoft have always wanted to extend their influence on the Internet. Yahoo is undoubtedly the best choice. Don't underestimate the impact of this incident. Ali International, a subsidiary of Ali, has a market value of over 10 billion US dollars.

Ali occupies 70% of the entire e-commerce industry in China, making it a super giant comparable to Amazon in the United States.

I would not be surprised if Ali goes public as a whole one day in the future and surpasses Yahoo.

So what do you think will happen when the U.S. stock market opens tonight and the news unfolds? "

"Yahoo has stepped on a huge landmine this time, and is bound to be blown upside down. Who knows what will happen to it and Ahri when they look back!"

Li Zehua didn't feel awkward at all. Ali was the enemy of the hummingbird, and it was destined not to allow the hummingbird to continue to grow and develop.

Because the express delivery industry is one of the foundations of e-commerce and online shopping, it is Ali's private territory.

There is no emotion in business competition. One day in the future, if someone tries to snatch the takeout market from Chimei, no matter whether it is Tuan or Baidu, he will just fight back.

So since he is an enemy, why should we sympathize with him?
To put it bluntly, he was happy and excited because Ali withdrew from the online shopping market.

"In fact, at this level, it is impossible to go to the point of death."

Zhang Lei is not surprised by this and analyzed, "Both companies are giant companies in their respective regions, with market capitalizations of over tens of billions of dollars and huge influence.

Many investors hold shares of both companies at the same time. For example, SoftBank Group is a major shareholder of both Yahoo and Ali.

In the end, it's nothing more than a compromise. Just wait and see. It's just a lot of noise but little rain. Once Ali offers enough compensation, Yahoo will accept the settlement sooner or later."

Li Zehua recalled his previous life and it seemed to be the same thing. In the end, Ali and Yahoo signed an agreement, stipulating how much profit would be compensated to external shareholders in one lump sum when the payment system went public.

I forgot the exact amount, but a supplementary agreement was signed, stipulating that the Ali Group would pay Yahoo a minimum of US$20 billion, with a maximum of US$60 billion.

Zhang Lei didn't know all this, but after listening to his analysis, he couldn't help but look up to him. He is indeed a top investor in the circle, and he has a perfect grasp of people's hearts and interests.

Just as I was wandering around, I heard Zhang Lei continue, "It's a pity, Mr. Li, that the good thing of becoming famous in one battle and known all over the world is probably over."

"I?"

Li Zehua was stunned, but quickly reacted and said with a smile, "It doesn't matter. I'm still young and there will be plenty of opportunities in the future. Let's give it to Ali this time."

Lin Wenhui consoled him, "It's best if Mr. Li thinks this way. We have a good reputation, while Ali has a bad reputation this time. Let Teacher Ma take the limelight."

After finishing the conversation, he added, "Anyway, Teacher Ma likes to be in the limelight."

These words made the three people burst into laughter.

"It's just to embarrass our friends in the news media. Tomorrow, the news from the United States will be overwhelming, and the front-page headlines in China will definitely follow quickly."

Zhang Lei also joked, "Boss Ma of Tengda must thank us this time. Once this news comes out, he won't have to think about other topics for the next half month."

"What could be more fascinating than the battle for equity in Ali and Yahoo?"

Li Zehua said self-deprecatingly, "Even my first-round investment of hundreds of millions of dollars had to give up the front-page headlines.

There are pros and cons. Overexposure is not necessarily a good thing!
Being high-profile in work and low-profile in life is also in line with my usual style.

By the way, Mr. Zhang, I'm sorry to bother you with my personal information. Please say hello to our media friends and try to focus on the company. "

Some people say that you should become famous as early as possible.

Li Zehua didn't object, but there was no need to affect his family.

Zhang Lei nodded in agreement, and then he talked about the payment system, "In fact, as a food delivery platform, you can also create your own payment channel. The technology is not difficult."

Lin Wenhui also agreed, "Yes, Ali's popularity this time will definitely lead to the payment system. I don't know how many online payment companies will emerge in the second half of the year."

“There will definitely be online payment channels, but how do we solve this licensing issue?”

Even the virtual payment that imitates QQ has been stumbling, so Li Zehua has no hope for this for the time being.

Naturally, not much is known about the policies of the payment system.

He only wants to solve the current difficult problems first and then plan for future development. Currently, the only person in the company who can be called a technical expert is Ye Feng.

Feng Mingcheng and Zhou Anquan might be barely suitable to be technical supervisors in large Internet companies, but if they are to lead the development of a company's network technology, they still need to work harder.

Without Internet talents, where would the technology come from?
It’s only been a few days since you received the venture capital?
Even if the right price is offered, it will take enough time to ferment. Truly talented people will also choose companies with development prospects.

He was lost in thought here, and the two bosses were stunned, and it took them a long time to react.

Zhang Lei asked tentatively, "What's going on with you? Don't you plan to develop a payment system, or are you just trying to fool us?"

Li Zehua was full of questions. "How can we not develop it? Having our own payment channel is better than using Ali's Alipay in the future."

He still doesn't understand that JD.com doesn't have it, so why is he in such a hurry?
"Are you serious and not lying?"

Zhang Lei stared at him for several times, but could not see any signs of deception. He said speechlessly, "What kind of license is this? No one is in charge of non-bank payment channels on the Internet now."

"real or fake?"

Li Zehua stood up suddenly and almost knocked over the stool behind him, which showed how excited he was at the moment.

"I don't need a license. Does that mean that as long as I have the technology and I develop it now, no one will care?"

Zhang Lei and Lin Wenhui looked at each other, unable to understand why he was so excited.

Isn’t it just a payment channel?

Alipay has been developing for several years and occupies half of the country's non-bank payment market, but its industry valuation is just that, at most a few hundred million or a billion dollars.

With the investment from Hummingbird’s first round of venture capital, plus additional rounds of investment, the two companies will definitely have no problem breaking the billion dollar mark.

As for being so excited?

It’s so exciting!
If Li Zehua knew what they were thinking, he would definitely laugh out loud.

Independent payment system in your own hands!

The simplest and most convenient traffic monetization platform in the mobile Internet era!

It is a financial tool that makes a fortune every day. The guaranteed daily income from the funds deposited in the third-party payment system alone is an astronomical figure.

There is no need to take any risks at all, just participate in commercial bank borrowing, government bond investment, and installment payments in the field of advance consumption.

In addition, there are payment and withdrawal functions in various areas of life and daily usage scenarios, plus the most critical sales monetization of funds, financial management, insurance, and advertising traffic.

As the payment system continues to develop, the Ali Group will become a vassal of Alipay.

Because this is Hua Xia, a private payment and financial group that is not controlled by the state, its attractiveness to global capital can be imagined.

That is a taboo area that people dream of getting involved in. Once involved, the capital tycoons will be so excited that they will tremble in their dreams. It is what they have always dreamed of!
The benefits are not too many. For example, the most important thing about the payment system is big data analysis. As long as you have business collection behavior, you can summarize the information.

After collecting enough carrier samples, you can judge the future development prospects of your industry.

This kind of professional-level report will provide the most important evidence for capital investment. Data will never lie.

There are also the Internet finance monetization products released by opening Pandora’s box!

Various types of loans can accurately determine a person’s financial situation through big data, without even actively inducing them.

In an information society where material desires are rampant, young people with weaker resistance have no way to control their wallets.

Premature consumption, overdraft consumption, and impulse consumption are everywhere.

No matter how hard Li Zehua tries to control himself, he cannot resist the overall trend. Instead of being impacted by others, it is better for him to take the initiative to join in and earn this excess profit.

Not actively doing evil is his bottom line.

But for now, he could only hide this earth-shattering secret in his heart, and would never dare to say a word about it, not even in his dreams!
Thinking of this, he said to Lin Wenhui, "I will talk to Mr. Liu about the payment system tomorrow and try to get JD.com involved. This way, there will be more payment scenarios, which will be more conducive to promotion.

But right now, I need Mr. Lin to help us all do something in the name of Temasek.”

Lin Wenhui was very curious, "Please go ahead."

"QR code!"

Li Zehua learned a lesson from the Ali-Yahoo dispute: one cannot keep doing things alone for long, and he needs to attract more talented people to ensure safety.

After figuring this out, he immediately threw out his trump card.

“It is an upgraded version of the barcode currently used in supermarkets. I don’t know who holds the patent for it, but I need it.

Our cause requires it!" (End of this chapter)