Ma Yun Joking That Sun Zhengyi Is Both A Winner And A Loser.

< p > on the story of Sun Zhengyi and Ma Yun, the story begins with this: in October 30, 1999, Sun Zhengyi wrote to Ma Yun and met in Beijing, where he was upstairs by Sun Zhengyi, who invested in UT.

Ma Yun recalls: "after 6 minutes, Sun Zhengyi will throw 30 million dollars."

Ma Yun thought 30 million dollars was too much, only 20 million dollars.

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< p > and now Japan's Softbank is the largest shareholder of Alibaba, accounting for 34.4%.

The valuation of Alibaba group is generally believed to be between 150 billion and 250 billion US dollars. In terms of 200 billion US dollars, Softbank has a stock value of 66 billion 800 million US dollars, which lasted for 15 years, and its investment return rate was about 3440 times.

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< p > Ma Yun later recalled the scene of the first meeting: there were a lot of people at the gate waiting to see Sun Zhengyi.

At that time, Sun Zhengyi invested in YAHOO, UT, Starcom and other enterprises in the mind of Internet entrepreneurs.

On the eve of the Internet bubble in 2000, Sun Zhengyi once surpassed Bill Gate as the richest man in the world.

But it didn't last long, and the Internet bubble brought him down by 90%.

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Sun Zhengyi P invested Ma, not only to make money, but to gain the commanding heights of China's Internet.

And "6 minutes decided to invest in Alibaba Ba", the reason is that Ma is the man in his mind.

In the US internet field, Sun Zhengyi also identified a person, YAHOO founder Yang Zhiyuan.

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< p > the "US + China + Japan" Internet is the commanding height of the global Internet. Occupying these three places is equal to occupying the whole world.

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< p > of course, Sun Zhengyi did not put eggs in the basket of Ma Yun: in 2003, he won a $40 million venture capital of Softbank in 2003. For this reason, the biggest investment in the Internet field is before. The story Chen Tianqiao wants to tell is not smaller than Alibaba. He launched a grand box and bought a strong one, and Chen Tianqiao told a story about Internet Disney.

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< p > Chen Tianqiao has been defeated.

Today's apple, China's millet, only a small part of Chen Tianqiao's story.

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< p > another basket is Chen Yizhou's Renren.

In 2008, Softbank invested $384 million in Renren net, which was the largest single investment at that time.

In 2008, the social networking industry is the commanding height of the global Internet industry. The best seller in China is Chen Yizhou Renren.

Sun Zhengyi did not think that under the impact of micro-blog and WeChat, Renren was vulnerable to attack and failed to fulfill his dream of commanding the commanding heights of China's Internet.

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< p > > besides a href= "//www.sjfzxm.com/news/index_c.asp" > Sun Zhengyi < /a >, in China, it also invested in companies such as sub group, perfect time and space, but it was not an investment in telling big stories.

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< p > the most frustrating thing for Sun Zhengyi is Alibaba: Shanda and Renren are not making things. Sun Zhengyi voluntarily withdraws. Alibaba is most hopeful to fulfill Sun Zhengyi's dream but has no connection with Sun Zhengyi.

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< p > investing in Alibaba for 15 years, Sun Zhengyi, < a href= "//www.sjfzxm.com/news/index_c.asp" > Ma Yun < /a >, Yang Zhiyuan three are good brothers outside, but there are many differences and contradictions inside.

The VIE incident in 2011 was a major explosion of contradictions: the founder and management team of Ma Yun headed by Alibaba felt that this company was built by us. It can not be related to us. Sun Zhengyi and YAHOO America feel that we are the investors, the boss, and you are a part-time worker.

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The event of "P VIE" from negotiations to the opening of contradictions, at least for a year, can be traced back to 2007.

That year, Alibaba B2B business went public in Hongkong.

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< p > Ma Yun later talked about the VIE incident, so Sun Zhengyi: he had only six words in his eyes, Softbank, Softbank, Softbank, without considering the customers and employees.

Former friends became selfish people. Ma Yun also said Sun Zhengyi was mosquitoes on the thigh for meat.

In private, Ma Yun likened Sun Zhengyi to an iron chicken.

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The event of "P > VIE ended with Ma Yun's victory.

This let Sun Zhengyi know one thing: in the Alibaba, the East family said no, and got the counter of the cabinet.

After the VIE incident, Sun Zhengyi had begun to retreat.

At least to quit the Alibaba, unknown to China's Internet or a comeback.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Ali > /a > group listing. The most important problem to solve is the withdrawal of large shareholders. Softbank has invested in Ali group for 15 years, and YAHOO has been investing in it for 9 years.

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Before P was listed, Softbank and YAHOO first acquiesced in the VIE system, then publicly supported the partnership system. After the listing, the voting rights were handed over to the management team headed by Ma Yun, which showed that not only the support of the large shareholders to the management, but also the attitude of "going away from the market" after the listing.

Of course, the roll is very valuable, and the value of Softbank and YAHOO in Ali is more than 100 billion dollars.

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< p > large shareholders give voting rights to management and founders for two reasons. First, management is the people they trust. You do things. I feel relieved that Dong Jiale has to act as a treasurer. Two is to plan to quit, and you can't get away with it.

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< p > Alibaba panning for gold, Sun Zhengyi's purpose has been achieved; occupying the commanding heights of China's Internet, Sun Zhengyi has failed.

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< p > 1997, Ma Yun knew Yang Zhiyuan; 1999, Ma Yun knew Sun Zhengyi.

In those days related to youth, Sun Zhengyi, Yang Zhiyuan and Ma Yun have three big dreams. This dream is called the "global Internet".

At that time, they were very young, energetic, and pointed to the rivers and mountains.

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< p > 17 years, the story has a different version.

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< p > Sun Zhengyi was once called the "Internet great empire". Few people still remember that no one will mention it in the future.

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