Chapter 360 Not for Sale

Today Capital's efficiency in dealing with Mogujie and Meilishuo far exceeded Yu Xing's imagination.

It was indeed me who initially proposed the idea, but Xu Xin got things done in pursuit of the goal, which really showed great trust in me.

As for the final direction of this integration...

Yu Xing informed Zhong Zhiling of the latest situation and communicated about the future of Carbon Silicon Data. He emphasized that the exploration of e-commerce in the revenue framework can only be secondary, and the main goal now is to strengthen its software matrix.

WeChat was a semi-finished product at the beginning and was sold to Alibaba before the company had time to explore the improvement of its revenue. Carbon Silicon Data is different. It must consider how to achieve a virtuous cycle of funds.

However, for now, the integration of Mogujie and Meilishuo may be able to explore some things, but the more important thing for Carbon Silicon Data is to make its own platform bigger and stronger.

Although times are different and Alibaba is a pioneer in the e-commerce market, it took Alibaba 0 years to achieve a GMV of 1 trillion from 9, JD.com took 13 years, Pinduoduo took 4 years, and Douyin only 2 years. The speed comparison is still evident.

Yu Xing knows how powerful the super app TikTok is, but he doesn’t know whether Carbon Silicon Data can finally produce it. Anyway, he will just do it and observe at the same time. The current mobile Internet is still based on 3G.

Zhong Zhiling agreed with his senior's idea and felt that the e-commerce situation was difficult to break, at least at this stage, and companies like Mogujie and Meilishuo could only serve as supplements.

"Brother Xing, this is still a bit too enthusiastic. The two founders may not agree. However, with Today Capital pushing for this... if the two companies merge, it really is a game set by the capital."

Mogujie and Meilishuo were just cut off from supply by Alibaba last month. Now, only a month has passed, and Today Capital has privately coordinated opinions. It really lives up to its name and is indeed very "capital".

It was hard for Yu Xing to disagree with this point. Mr. Xu's subjective initiative was particularly strong this time.

But then again, whether it is vertical e-commerce or O2O, these two things really have no future.

"That's the thing. If you have any ideas, ask Mr. Xu more. You can communicate more. No matter what, these two companies are short of traffic right now. They are short of it, but we have it. This is the most basic relationship." Yu Xing did not put pressure on them. "Just go ahead and do it. Don't worry too much."

Zhong Zhiling actually has nothing to worry about. He has people like Mr. Xu outside and people like his senior brothers inside. He just needs to do his own thing.

The institutional shareholders of Mogujie and Meilishuo are communicating quietly. The answer to whether the two companies can merge will not come too soon, but according to Xu Xin's style, it will not be too slow either.

Zhong Zhiling was thinking about this matter, however, only two days later, he had to come to see his senior brother again.

Ali came in contact!

It’s not about Mogujie and Meilishuo, but about Alibaba seeking to increase its stake in Carbon Silicon Data and add another seat on the board of directors.

Also, it was Alibaba’s CFO Joseph Tsai who called Zhong Zhiling personally.

Zhong Zhiling did not dare to neglect it. After hanging up the phone, he went straight to his senior brother's office and told him the content of the conversation on the phone.

Since it was Joseph Tsai who called, Alibaba’s attitude was very formal.

"Ali really wants to buy Carbon Silicon Data." After listening to his junior's report, Yu Xing took a sip of tea and thought, "The price is actually quite sincere. Ali's last funding really made us feel comfortable."

Last time, Alibaba spent US$3450 million to acquire a 15% stake, giving a valuation of US$2.3 million, which was a very good price, and to a certain extent it was because of "Foca".

This time, Tsai Chongxin said that Alibaba was willing to spend another US$4500 million to acquire a 15% stake. This valuation represented a 30% increase, which was still a good price.

If Alibaba is allowed to come in, the sum of the two rounds of equity will be 15%*0.85+15%=27.75%, which will be a very high shareholding ratio.

Carbon Silicon Data will inevitably continue to raise funds in the future. If Alibaba insists on follow-up investment and subsequent shareholders are not so determined, it is hard to say who will hold the initiative of Carbon Silicon Data.

Zhong Zhiling easily thought of what happened with Mogujie and Meilishuo: "Brother Xing, if someone like Xu Xin invests in Carbon Silicon Data, I wonder what they will do in private. This money from Alibaba..."

"We have the voting rights, but Alibaba's attitude shows that it really wants to acquire the company. Let Alibaba take so many shares. Its power struggle with Yahoo is a living example." Yu Xing shook his head and suddenly corrected, "What Xu Xin? Call him President Xu." Zhong Zhiling changed the address: "Investors like President Xu only consider their own interests. The influence of a giant like Alibaba needs to be considered."

Yu Xing nodded slightly: "The most important thing is that Carbon Silicon Data is not short of money now, so there is no need to start financing."

Carbon Silicon Data received a total of US$4950 million from Zhejiang Industrial Investment and Alibaba. This money can be used until at least next year, and it may not need to raise funds again next year. Yu Xing's shares in Bai Xiaosheng have already been pledged. This money is intended to be used to deal with the equity transaction of Lotus Group, but it should not be spent all, and it can be lent to Carbon Silicon Data Company first.

As long as Carbon Silicon Data's user base continues to expand, it will be able to obtain funds more easily when it starts financing. In this way, only funds are used without selling shares, and the ultimate benefits of financing are maximized.

"Just decline it politely and say that you don't need funds now, and you will contact Alibaba as soon as you need them." Yu Xing made the decision not to accept Alibaba's investment.

Zhong Zhiling took a breath and said, "Then our cooperation with WeChat may be affected."

Yu Xing said calmly: "This is also expected. It's just a matter of time. Either we want to change or they want to change."

Carbon Silicon Data is planning to supply data to companies whose data traffic has been cut off by Alibaba, but before it has taken any action, Alibaba has already revealed its intention to swallow up Carbon Silicon Data.

"Then I'll call Mr. Cai back this afternoon." Zhong Zhiling said carefully, "I'll try to appear weak. It's good for both sides to have more time to cooperate."

The cooperation between Carbon Silicon Data and WeChat is free, or in other words, I have already paid for it with my golden ideas. In this case, the longer the time, the better.

Yu Xing nodded: "Well, it's better for you to go back and forth. Once I speak, it will be easier to see the truth."

At four o'clock in the afternoon, Zhong Zhiling called Cai Chongxin back and politely declined Alibaba's investment proposal.

Cai Chongxin didn't say much on the phone, but as soon as the call ended, he immediately called Yu Xing and stated his intention bluntly: "Mr. Yu, you can make an offer for Carbon Silicon Data. The latest hotspots and Wifi Master Key are both very good. Alibaba is interested in acquiring Carbon Silicon Data."

There is no new round of investment, no board seats, just a direct talk about acquisition.

Yu Xing was a little surprised and said with a smile: "Boss Cai, I heard from Zhong Zhiling that you didn't say that to him. We haven't spent all the money from the last round yet, so we are not in a hurry to raise funds now."

"It's not financing, it's an acquisition. I believe Mr. Yu can better invest this money in Carbon Silicon Group's electric car project." Cai Chongxin said seriously, "If the electric car project is not so short of money, Alibaba will be listed as a whole in the next few years, and the form of partial stock is also acceptable."

Alibaba’s B2C in Hong Kong has completed its privatization and delisting, and will definitely be relisted in the future.

Yu Xing pondered and said, "Boss Cai, this is too sudden. I need some time to think about it."

Cai Chongxin asked: "Mr. Yu, how long will it take? One week or two weeks? We have discussed Carbon Silicon Data before. You also wanted to use this project as a source of funds for the electric car. This is a win-win situation for everyone."

Seeing that the words were becoming more and more straightforward and feeling Alibaba's determination, Yu Xing gave a completely different response: "Mr. Cai, Carbon Silicon Data is showing more and more value. I think it can do more in the mobile Internet era. It is not for sale now."

Cai Chongxin was skeptical, thinking that the other party was trying to raise the price: "Mr. Yu, you can name a price and we can talk about it. There is no price that cannot be negotiated."

Yu Xing replied calmly: "Mr. Cai, there is no price, it is not for sale."

Cai Chongxin was stunned for a few seconds, feeling Yu Xing's seriousness, and then thinking about his previous statement on selling this project, as well as today's phone call with Zhong Zhiling... Is it not for sale now, or has it always been not for sale?

Alibaba's investment is not for financial purposes, nor is it intended to increase the value of its own money in this way. If the ultimate goals are not consistent, the WeChat port will not be released to a third party. This was the tacit understanding among everyone.

Investment is not allowed and no price is given for acquisition.

He suddenly felt as if his capital was being manipulated.

(End of this chapter)

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