Zhongguancun, Netease.


    "Mr. Ding, there are two guests in the hall. They want to discuss with you. One is Ma Yun and the other is Cai Chongxin. "


    "Ma Yun, Cai Chongxin?" Ding Lei murmured to himself, unconsciously moved his butt on the seat, "is it ma Yun who made Chinese yellow pages and then created Taobao?"


    In the early days of China, the circle of Internet was so large that Ding Lei had a general understanding of this group of Internet entrepreneurs.


    "Invite them in!"


    "OK, Mr. Ding!"


    After a while, the assistant took Ma Yun and Cai Chongxin to Ding Lei''s office.


    Although Ma Yun and Ding Lei have not met each other, they are very familiar with each other.


    "Hello, Mr. Ding!" Ma Yun said to Ding Lei with a smile, "I''m Ma Yun. Next to me is Cai Chongxin."


    "Hello, please sit down. Assistant Li, make a cup of tea for two distinguished guests! " Ding Lei said with a smile.


    "Yes, Mr. Ding." The assistant nodded and soon brought two cups of tea.


    Ma Yun and Cai Chongxin say thanks, and then take a look at Ding Lei. This time, Ma Yun said to Ding Lei directly, "Mr. Ding, to be honest, I founded an e-commerce company before. I came here to seek investment! "


    Ding Lei hears speech, silent rise.


    Ma Yun then continued: "Mr. Ding, e-commerce is booming in the United States. I believe it will not be long before China''s e-commerce can develop."


    Ding Lei said: "well, I believe that. However, the current situation in China, whether it is logistics restrictions, or the integrity of businesses and users, has caused huge obstacles to China''s e-commerce! Therefore, the development of e-commerce is pure money burning behavior


    Ma Yun doesn''t know what to say at the moment. Obviously, Ding Lei also knows something about e-commerce, which just pokes his weakness.


    Yes, if you want to develop and survive, you need to burn money!


    "Mr. Ma," said Ding Lei, "I understand your intention. Now that you''ve asked for it, I can''t let it go. Well, Netease invested $1 million in Taobao and got 50.1% of the shares! Mr. Ma, what do you think? "


    Ma Yun a listen to this, in the heart suddenly Teng a fire, really want to leave the cup on the spot. Ma Yun forced himself to calm down, took a deep breath, and then said to Ding Lei, "Mr. Ding, don''t you think you underestimate the market value of Taobao?"


    Ding Lei said with a smile: "as far as I know, when you started your business, your registered capital was only a few hundred thousand yuan. More than four months later, I gave Taobao company valuation to about $2 million, you must have made a lot of it! Moreover, in China''s e-commerce market, mainly Nicholas international e-commerce and 8848, Taobao''s scale is far less than them, whether it can develop in the end is still a question. So, the risk of investing in Taobao is great! "


    "Mr. Ding, although Taobao started slowly, it developed rapidly. As long as we have enough money, we can catch up with them. In addition, I don''t approve of your valuation of Taobao. "


    "Mr. Ma, what do you think the market value of Taobao should be?"


    Ma Yun paused and said, "ten million dollars!"


    Ding Lei heard the speech and laughed, "ha ha... Mr. Ma, is the valuation too high! According to your valuation, it is impossible for Netease to invest in Taobao. If you are willing to accept the terms I said before, we will have the opportunity to cooperate! "


    Ma Yun shook his head and said: "sorry, Mr. Ding, the price you give is too low. I can''t promise it!"


    With that, Ma Yun got up and left.


    Ding Lei looked at the figure of Ma Yun and Cai Chongxin leaving and shook his head with a smile. "Ha ha, it''s worth 10 million US dollars. I really can think of it. What''s the difficulty of e-commerce website? With millions of dollars, Netease can build an e-commerce website by itself


    ……


    "Cai Chongxin, contact foreign venture capital!" As soon as Ma Yunyi walked out of the headquarters of Netease, he was indignant.


    "OK, no problem."


    That night, Tsai contacted five venture capital companies, including Goldman Sachs and Sequoia.


    "Mr. Ma, foreign venture capital institutions have offices in Beijing. Tomorrow, we can meet them. "


    "Good!"


    The next morning, Ma Yun stares at the dark circles under his eyes and gets up early. Although he was nervous last night, he didn''t sleep well.


    Goldman Sachs is more interested in Taobao, so this time, it is Goldman Sachs that leads the investment, and several other venture capital companies follow the investment. The meeting will take place in the office of Goldman Sachs (China), where representatives of other venture capital companies will rush to.


    After a quick breakfast, Ma Yun and Cai Chongxin drove to ZhongGuanCun, the office of Goldman Sachs.


    The meeting was about 9 a.m., but at 8:30 a.m., Ma Yun and Cai Chongxin arrived ahead of time.


    After the two sides said hello, the person in charge of Goldman Sachs led ma Yun and Cai Chongxin to the reception room to have a rest. Before long, representatives of other venture capital companies arrived one by one.


    People sit around a long table. Ma Yun and Cai Chongxin sit opposite the people from the venture capital company.


    "Mr. Ma Yun, please give a detailed introduction to Taobao and its future planning, so that we can make the most accurate assessment of it!" Said Bob Ellen, head of Goldman Sachs.


    "All right!" Ma Yun answered and stood up from the stool.


    Facing more than ten pairs of eyes, Ma Yun was calm and free, and began his "speech".


    Ma Yun spoke in English for more than half an hour, and he almost gave full play to his tricks! But it happened that the other side was eating this. I saw more than a dozen foreigners nodding from time to time and talking to each other from time to time.


    "Pa Pa Pa!"


    After Ma Yun finished speaking, everyone clapped.


    Bob Ellen, head of Goldman Sachs, said: "Mr. Ma Yun, after listening to you, I think investing in Taobao is a good choice."


    "Thank you, Mr. Bob Ellen!"


    "Well, Mr. Ma Yun, let''s negotiate."


    ……


    Geely Hutt frowned and looked at an employee who was dialing his cell phone. "Ma Yun''s cell phone still doesn''t work up to now?"


    "Yes, his cell phone should be turned off."


    "Well, I''ll call again in a while. Get through and tell him that Jiulong investment, prestige capital and Nicholas international e-commerce company want to talk to him. "


    "Yes


    ……


    Goldman Sachs office.


    "Mr. Ma Yun, first of all, what''s your valuation of Taobao?" Said Bob Ellen, head of Goldman Sachs.


    "10 million dollars." Ma Yun said with a serious expression. After that, he watched them nervously and observed their expressions.


    Ma Yunyuan thought his offer would scare them, but he only saw that they just frowned a little.