Chapter 1275 - Persuasion
Chapter 1275 – Persuasion
Whitman’s jaw dropped after hearing what Feng Yu said. But Kirilenko didn’t seem surprised as Feng Yu had told him about his goal before.
A super tycoon cannot prove anything. But if a country has a super tycoon group and is working together, it will speed up the country’s development. At the same time, they can stop outsiders from snatching their businesses.
Kirilenko also felt this goal is interesting. It’s more fulfilling to create a group of super tycoons when he becomes a super tycoon!
“It’s hard for me to reach your ambition, but I believe you will succeed one day.” Whitman mumbled.
“Maybe I don’t need to wait too long. Ten years should be sufficient. Alright. Let’s not talk about this. Are you all here because of eBay Yi Qu?”
To Feng Yu, ten years is sufficient to let Tai Hua Holdings and Wind and Rain Holdings grow to become mega conglomerates worth tens of billions USD. When that happens, the net assets of the subsidiary’s shareholders will be multiplied by several folds. Zhong Qingxian, Ma Yun, Pony Ma, Li Yanhong, etc., can qualify as one of the top 50 billionaires on the Forbes list. The rest also have a chance to enter the list.
These did not include Feng Yu’s friends in Hong Kong. If they are included, the results will be scarier.
When Feng Yu controls a conglomerate worth trillions, no one in the world will dare to belittle him. He can even compete with large institutions like JPMorgan and Rockefeller. His target is to exceed them!
Whitman replied. “That’s right. We are here to check on eBay Yi Qu’s next strategic move. I heard a new C2C eCommerce site had appeared in China, called Taobao, which is a subsidiary of Alibaba and Alibaba is one of Tai Hua Holding’s subsidiaries.”
“We are only a shareholder. Alibaba is also a shareholder of Alipay.” Feng Yu reminded Whitman not to belittle Alibaba. Alipay might not be as successful as Paypal, but it is quite popular in East Europe and China.
When enough data is collected after two years, it will generate more returns.
In Feng Yu’s previous life, Alibaba, or the Ant Group, represents Internet finance. No other companies can come close to them when it comes to big data.
Whitman looks at Kirilenko. How come Kirilenko did not tell her about such important information.
Kirilenko saw Whitman looking at him and gulped down a glass of alcohol. “I had not told you about this? Maybe I had forgotten.”
Huh? Brother Ki’s English had improved so much? Can he understand what we are saying just now?
Kirilenko saw Feng Yu’s surprised look and took out an earpiece from his ears. “Real-time translator. My side had developed this, but it’s not very good to use. It can only translate one language, and it’s not very accurate.”
Oh. No wonder Whitman can understand Russian. She should be wearing one of these devices but was covered by her hair. Feng Yu still thought Whitman is good in Russian too.
This small device is quite good, and there is a market for it. But the biggest issue with translators is the accuracy. There are proverbs and idioms in all languages, and it’s hard for translators to translate it, let alone a real-time translating device.
But during negotiations, people can still wear this device even with a translator. It will be more convenient and lower the possibility of the translator being bribed by the other party.
“Do you have the Chinese version?”
“No. Mandarin is too difficult. Lenovo Kingsoft develops this. Don’t you know about it?” Kirilenko asked in shock.
Feng Yu is embarrassed. He had not paid attention to Lenovo Kingsoft’s products, as he had only asked them to develop the operating system for PC and smartphones.
“I had not taken note of it, but this is not important. Alright, where did we stop?”
Kirilenko: “…….”
Whitman maintained her composure. “Mr. Feng, you are good friends with Mr. Kirilenko and are partners in many businesses, right?”
“We are not only business partners. We are also best friends.” Kirilenko added.
“Are you asking me to help eBay to suppress Alibaba?” Feng Yu laughed.
“Seems like you do not agree to this. But do you know that once eBay and Alibaba compete heads-on, it might be a lose-lose situation for both? I know it’s difficult to stop them, but my suggestion is for both companies to cooperate.” Whitman replied.
“Cooperation? Are you saying eBay cooperating with Alibaba, or eBay Yi Qu cooperating with Alibaba?”
“Of course, it’s eBay and Alibaba. We can also merge.”
Feng Yu shook his head and laugh. “eBay’s current value is more than ten times of Alibaba, and it is also a listed company. If both companies merged, eBay would gain the upper hand. What you are doing is acquiring Alibaba.”
“We can exchange shares. This way, you will also become a shareholder of eBay. A large corporation has a higher potential than a smaller company, right?” Whitman’s offer is quite enticing. She believes this condition will move most people in business, but she is not sure whether Feng Yu will be moved. After all, he is the World’s Richest Man.
“It’s good to be confident. But overconfidence will become arrogant. In the US, there are many instances where smaller companies acquiring bigger companies, and a smaller company’s potential might not be worse than bigger companies. Smaller companies might have greater potential. You all might have a lot of registered users now. But who knows which company will have more users next year?” Feng Yu replied with a smile.
Kirilenko interrupted. “I told you this would not work. Also, I will be honest with you. If I had not acquired eBay when it was still a startup, Feng would have acquired it. He is more decisive than me and will acquire the controlling stake faster than me.”
Whitman looks at Feng Yu in shock. Could it be Feng Yu knew eCommerce or online shopping would be successful at that time? But no one thinks this will succeed then.
“Ms. Whitman. I think eBay should maintain a healthy competition with Taobao. The market is too big for two companies. As we are competing, we can also suppress other companies from raising. As for the other countries’ markets, we can work together. Did Kirilenko tell you that I am the controlling shareholder of Amazon too?”
Translator’s Notes: