Regarding the QR code, a commercial investigation is still needed to clarify the specific circumstances.

However, there is no need to investigate the fact that Ali transferred 100% of the equity of the payment system without the knowledge of the major shareholder.

Because the American media on the other side of the ocean are using all kinds of shocking and horrifying headlines to describe this incident to the public.

09 was not a time of information blockade.

The global village is closely connected because of the Internet.

During the U.S. stock market, Yahoo, which continued to plummet, suddenly stopped trading and issued an announcement to release important matters, and was urgently suspended after approval by the New York Stock Exchange.

This major sudden news was immediately reprinted by the three major portals, and a group of night owls on the Internet were fortunate enough to be the first group of people to eat spectacles.

As for Tenda?

Even more amazing, check out the QQ pop-up window!
You can't catch the opportunity normally, so now that you've been caught, can you still run away?

It takes only a minute to give some eye drops to the old rival and go to great lengths to draw traffic for free. How thoughtful.

Qiandu, which had tried to do e-commerce without success, was not willing to lag behind. The key words became a hot search and rumors spread across Qiandu Tieba.

In other words, Sina Weibo had not yet been established, otherwise the spectators would have had a good outlet.

Fortunately, the incident happened in the middle of the night and the impact was still within controllable range.

The only hardship is for those media friends who were originally in Shanghai, waiting for the press conference.

Not every media outlet has news stations across the country with resident reporters on standby at all times.

Now that such a shocking event has happened in Qiantang, who else should we arrest if not their able-bodied men? It would be a good opportunity to send them on a trip to Qiantang.

Eat melons as early as possible!

Who is like here in Shanghai, where people are so slow and procrastinating? My relatives thought there would be a big commotion, but they ended up coming here to wait in advance, and there was not a single hair left.

Some newspapers and magazines even sent people to interview us three or four days in advance, but they were all turned away.

Don’t ask, the answer is that the company arranges a press conference.

It’s not Li Zehua’s fault. How could he have known that Ali would come up with Cainiao Network at this critical juncture and play the "choose one of two" game?

What if the news is released first and something unexpected happens?
So it’s better to be cautious so that nothing unexpected happens at the press conference.

The Magic Investment Group also came out to greet the media, and everyone had no choice but to accept it for the sake of big news.

Since the outbreak of the financial crisis, the venture capital industry has been affected by the capital chain, and investments of tens of millions of dollars are rare.

The investment market is dead.

This Internet startup that suddenly emerged with a first-round financing of over 100 million yuan (external publicity does not include additional rounds) and strong support from the local Shanghai government, how could it not attract media attention.

Just received the news, mainstream media focusing on the Internet, technology industry, economy and finance and other fields have contacted us.

They sent people to the Magic City one after another, preparing to get first-hand information before their competitors.

Unfortunately, whether it is the companies or venture capital institutions, the relevant organizing parties in Shanghai have remained tight-lipped about the details and content of the investment.

Keep enough suspense and wait until the signing ceremony to announce it all at once to attract enough attention.

Media reporters have no choice but to track and film things that cannot be hidden, such as whether people have eaten, the operation of the Hummingbird Market, the company's promotional videos, and the catering stores of its partners.

And the consumers who have enjoyed the service, their evaluation of the Internet food delivery industry, are used to deal with their superiors who are pushing them too hard.

There are also resourceful reporters who use their connections to find the express delivery companies that Hummingbird cooperates with, hoping to know the inside story of the cooperation in advance.

In the past, Yuantong Yunda was eager to have reporters help promote it, and also take the opportunity to get some free promotion and increase its popularity.

However, Ali Cainiao Network is coming on strong. Relying on Taotao's absolute advantage in the number of express parcels, it is forcing express companies to choose between the two options, both openly and covertly.

In this situation, even with Li Zehua's guarantee and the intervention of relevant units in Shanghai, the express delivery company still did not dare to publicly express its support for Hummingbird.

The equity investment agreement between the two parties is still in the draft stage, and Yu Weilong has not promised that they will definitely cooperate. In case Ali chooses to exchange interests, he can quickly reach an agreement with Yahoo.

Wouldn't it be easy to turn around and free up my hands to deal with him?
It doesn't even require much effort. All you need to do is let Taotao say hello to millions of merchants and exclude Yuantong when placing orders and shipping them.

In this situation, how could he dare to let the journalists come to visit? What if Ali heard about it and caused misunderstanding?
How could the media reporters know so many secrets? They were puzzled. How could they be hidden like this? Why wait until the press conference to announce them?

I've been here for two days and have spent every penny on travel expenses, but I haven't gotten any explosive news material. I can only get some odds and ends, which are of no use at all.

The audience won’t buy it. Without attractive enough material, who would want to watch it?

The desperate media professionals had no choice but to use their strengths to piece together news, polish it, and send it back to the radio station to get the job done.

The investment amount of over 5 million US dollars accounts for a proportion of shares ranging from 66% to %. Anyway, the specific shares were not mentioned, so it’s just a guess. Each one is more exaggerated than the other, which can be regarded as a huge harvest of traffic.

"Let's eat while we're at it", "takeout", "Humbird Network" and other key words have attracted a lot of attention on the Internet.

It will brighten the eyes of those who are determined to start a business on the Internet.

Is the financial crisis coming to an end and the spring for entrepreneurs about to arrive?

Many entrepreneurs spontaneously rushed to Shanghai, wanting to take a closer look at this company favored by venture capital and find out what special advantages it has.

There's no harm in taking a look, maybe you can learn something from it?

No matter how bad it is, you can still take the opportunity to hand out your business card to the venture capitalists present and show your face. What if a venture capitalist is so blind as to invest in your project?

In this regard, the venture capital community just wants to say that everyone is overthinking it. Under the influence of the financial crisis, even if there are good projects, they are useless.

Because venture capital companies have no money, and affected by the financial crisis, many startups went bankrupt before they were halfway through their business due to broken funding chains.

This also dragged down the investment company's performance, and the investment company was left with no money. Generally, venture capital money is given by the government, various institutions, funds or investors.

Investors give money to see returns. With this crappy financial report data, they lost everything after the financial crisis and now they still want more money?

There are no doors!

In other words, investing in the primary market is risky and difficult to exit. As long as they can sell their shares, these investors would rather cut their losses and run away, but unfortunately no one is willing to take over.

Now, a startup company suddenly emerges in the industry and actually gets tens of millions or even hundreds of millions of dollars in investment from Temasek, Kaling, and Magic Investment. How can this not shock and surprise venture capital institutions?
They all came to watch, and they had accumulated countless questions that they wanted to ask: Why could an atypical Internet startup like Hummingbird get such a huge investment?
Could it be that the current capital circle is not optimistic about the development of online platforms?
But no matter what, as long as I can give the money, it's fine.

If possible, can we follow the trend and give some of those half-dead projects we have in our hands a try?
Even if it is a PowerPoint startup and you use it to trick investors into continuing to invest, it is better than just holding on like this with no hope in sight.

This is also the third major change to history since Li Zehua was reborn and started his own business.

The first time it prompted Ali Cainiao Network to appear four years ahead of schedule, it was a major event that could change the underlying logic of online shopping. It also enabled him to connect with JD.com and get half a foot into the venture capital circle.

The second time was the dispute over the equity of Ali Payment System, which he exposed two years in advance in 2011. The impact this time was obviously much greater and caused greater damage to Ali.

As for how big a fuss it will get and how it will end, no one knows. The victim, Mr. Ma, now hates Temasek and has also written down Mr. Li in his notebook.

The third time is this press conference itself. There is not much movement at the moment, and only the most sensitive investors can vaguely feel that the market is about to change.

The venture capital industry, which has been temporarily dormant due to the financial crisis, seems likely to be stimulated by this sky-high investment, which will in turn boost morale and make investors willing to pay out more money to get out of the predicament.

In the previous life, the turning point would occur more than a year later at this time point.

During this period, the financial entrepreneurship circle was in a slump, until the rise of group buying, when idle funds and safe-haven funds from all parties finally woke up from their dreams.

They clamored that they must not miss the next opportunity, and each of them dreamed of getting rich overnight. They rushed into the market recklessly and did not treat the money as money.

This led to the tragic ending of the Thousand Regiments War!

The reason behind this is very simple. Social funds are always abundant, but due to the impact of the financial crisis, most people prefer low-risk investments.

Because there is no confidence!
Fortunately, Hummingbird appeared in time to give a shot in the arm to the continuously sluggish market.

Everyone is waiting for the darkness to dissipate and looking forward to the rising sun at dawn, which represents new hope.

Investors, venture capital firms, and news media reporters are all waiting for this feast to begin.

There are only thirty hours left until the press conference.

Media reporters who arrived early filled the hotels around the venue.

"Is it really as good as advertised? Can it provide 24-hour non-stop food delivery service?"

Fang Haibei, a well-known financial reporter in the south, didn't believe it and deliberately chose midnight to order food on the website.

The photographer who came with me was particularly impressed, "Brother Fang, you are really working hard. I am so sleepy that I can't sleep, but you are still busy."

Fang Haibei waved his hand and said, "It's okay. You're tired, so take a rest. I'll watch for a while and try to run a lap tomorrow and come up with some exclusive news."

The latter was not surprised and simply waited together, so that he could have a midnight snack later. While waiting, he kept exploring the various functions of the Chime website, hoping to find the answer to why venture capital favored him.

Many people choose to do this. After all, if they cannot visit the person involved, they have to find another way.

"Hey, is the food delivery so fast?"

Fang Haibei was copying down the data from Chimome and planning to visit several stores with the best sales tomorrow.

Suddenly I heard footsteps coming from the corridor, and if I didn't listen carefully I would have ignored them.

I opened the door out of curiosity and was stunned. "What's going on with you?"

Most of the people living on the same floor were from the same industry. Fang Haibei widened his eyes and looked in shock at the few people who were carrying large and small bags and acting furtively.

"Um, the weather is too hot, let's go downstairs and take a walk."

The colleague who was discovered making noise explained with a wry smile, but he did not stop while talking, as if he was in a hurry to do something.

Before he had taken a few steps, another door opened, and his colleague, who was also carrying a camera, was stunned when he saw the movement in the corridor.

"What happened?"

Unfortunately no one answered.

Out of professional sensitivity, Fang Haibei turned and went into the house. Even though it was the middle of the night, it did not stop him from taking out his cell phone and calling to inquire what was going on.

At this point, you know everything you need to know!

Those who don’t know are still sleeping soundly.

It didn't take much effort for Fang Haibei to find out everything he wanted, then he quickly searched and confirmed it on the computer and hurriedly greeted him.

"Fatty Liu, pack up and leave quickly."

The photographer was stunned. "Where are we going at this time?"

"Qiantang, Ali!"

Fang Haibei moved quickly and stuffed his personal belongings into his backpack. "No time to explain. We'll talk on the way."

Fatty Liu didn't understand the situation, but he could only hurriedly put on his clothes, pack up his things and leave.

Perhaps it was early in the morning and many people were still asleep and had not received the message, so not many people went downstairs.

Fang Haibei explained the matter in a few words, and Fatty Liu was stunned. "Such a big thing, why didn't the newspaper call to inform us?"

"That gentleman, he might be somewhere else at this hour, and you still expect him to give us information?"

Fang Haibei said disdainfully, "Drive quickly. I hope we can get there in time and still have some leftovers."

After getting in the car, Fatty Liu looked bewildered, "Then let's go to Qiantang now. People there aren't working either."

"Never mind, let's go wait downstairs at Ali's building. It's impossible for them not to react to such a big event."

He had a feeling that with such a big incident, it was impossible for Ali to not react. Even in the middle of the night, a qualified management team would rush back to the company to discuss countermeasures...

His premonition was correct. It was already three o'clock in the morning when he drove to Qiantang. The Ali headquarters building was still brightly lit, and vehicles were coming in and out from time to time.

Outside the gate, a colleague had already seized a favorable position and started filming. They also wanted to go into the building for an interview, but negotiations with the security guard were fruitless and they had to give up.

"Hi, you guys are here really early. How's it going? Did you take any photos?"

While Fang Haibei was greeting his colleagues, he asked Fatty Liu to set up the camera and start filming.

Even if we can't interview the person involved, it would be great to be able to film some of Ali's emergency responses.

"We can't go in. What can we take pictures of? Don't you see that we are the only two families here?"

The colleague who arrived earlier said unhappily, "Those who are well-informed have called people to ask for the inside information.

People like us who don’t have any channels can only wait patiently. Look, some of the people who have been waiting here have also run away because they are impatient.”

It's three o'clock in the morning, not three o'clock in the afternoon. It's the time when people are most sleepy. Who would want to feed mosquitoes here?

The smart ones have gone back to sleep and plan to come back at five or six o'clock to take a group of photos and randomly interview a few Ali employees, and that's it.

After all, with such a big thing, Ahri will definitely keep her mouth shut and won’t easily reveal any key information to outsiders.

Fang Haibei also thought so, but he was not satisfied with just following the crowd. He had already made a phone call on the way here, but unfortunately he didn't get to know anything.

For now, we can only hope to wait and see. If we can capture something, even if it's just Mr. Ma's car entering and leaving the company, we will be one step ahead of our peers.

Unfortunately, Teacher Ma is currently presiding over a meeting at the company.

He was also resting at home, was awakened from his sleep, and hurried to the company.

After understanding everything, Teacher Ma said expressionlessly, "Things are not as difficult as you think, everything is as expected.

Isn’t it just reported by the news media? What does it matter? We are Ali, the most invincible Internet giant in China.

What can even Yahoo do to us?
Everything that is happening now, including what has not happened yet, has been discussed in our previous internal meetings, and it is no big deal.”

During the day, he had already obtained some crucial support, and now he was confident. "I have communicated clearly with the higher-ups, and this is a good opportunity to deal with the company's hidden dangers."

Most of the founding team members were at home and some of them couldn’t wait to express their doubts.

"Boss Ma, do you mean to turn the passive situation into active one and solve the issue of voting rights at the same time?"

Teacher Ma nodded heavily. The dark circles under his eyes from lack of sleep were very noticeable, but that couldn't stop his unusually excited spirit.

He just waved his hand and spoke in a passionate and persuasive tone, and everyone felt confident enough to face everything.

"This is China. No matter how strong Yahoo is, it has to abide by our rules. The non-bank payment system is related to the bottom line of finance. It is a national treasure that must not be touched by foreign capital..."

But no matter how much he said, some people couldn't help but worry, "What if the American government gets involved?"

"All non-economic interference can be eliminated."

Teacher Ma said it with absolute certainty, "What we have to do now is to hit back hard at those irresponsible rumors. Anything that has not been confirmed by Ali is a rumor!

This is malicious slander against us by our competitors. Our public relations department must take immediate action and report it to the mainstream media.

You must contact all of your fellow Internet users and do not let public opinion ferment.”

When Mr. Ma enters the decision-making state, he is the king of Ahri, and everyone has no choice but to obey him.

Seeing that one by one, the difficult problems were dealt with, everyone regained their spirits and could finally breathe a sigh of relief...

"Look, someone is coming out, take a picture quickly."

Fang Haibei's persistence finally paid off. Someone came out of the Ali headquarters building and walked towards them.

This instantly perked him up, and he asked Fatty Liu to take the photo. What made him a little unhappy was that there was a competitor competing nearby.

But this did not pose a problem for him. He just moved a few steps towards the photographer without leaving any trace.

There is no other meaning, it's just due to experience. If someone is willing to be interviewed, he can interrupt the other party's camera shooting at the first time and grab the exclusive news.

It just so happened that the person who came out was a vice president of Ali's public relations department, who was tall and had an upright figure.

Following the company's instructions, I prepared to say hello to the media friends waiting at the door.

But at this moment, I don’t know if it was because I was in a bad mental state due to staying up late, or because the dim light made it difficult to see clearly, but I had just walked a few steps out of the building.

The accident happened and he stumbled and almost fell to the ground. Fortunately, he used his hands to support himself and avoided a more embarrassing situation.

"Quick, shoot, shoot quickly!"

Fang Haibei subconsciously stood in front of his opponent's camera and turned around to yell at Fatty Liu.

"over!"

Fatty Liu stuck his head out, smiled, and made an OK gesture to him.

But no one could have imagined that this set of videos would be displayed alongside another great figure in the future.

The title is even more enduring, "The fall of one giant, the rise of another!"

(End of this chapter)