In fact, Li Mu does value Lei Jun more in Taobao's future planning.
The reason why Brother Liu was brought in in the first place was not because Li Mu thought he could do Taobao well, but because he felt he had the ability to do a good job in his own logistics.
Senior Brother Liu has the ability to manage a large business with tens of thousands of people, especially in a huge system such as logistics that consists of a large number of employees. His management can be said to be top-notch.
However, when it comes to the development of online business, Senior Brother Liu's ability is not very outstanding.
Jingdong's development has always had serious bottlenecks in its previous life. This is related to external competition, as well as Brother Liu's character and method of doing things.
The difference between Lei Jun and him is that Lei Jun is better at marketing, and in e-commerce, the most important thing is marketing, followed by logistics or other links.
Therefore, Li Mu hopes that Lei Jun will be responsible for the overall direction and overall operation of Taobao in the future.
As for Senior Brother Liu, the best arrangement is for him to focus all his energy on logistics and become the CEO of Taobao Logistics. As for a higher position, in Li Mu's eyes, he is not that suitable.
…
The night before Google went public, Larry Page held a cocktail party at the hotel where Li Mu was staying.
In addition to some Wall Street celebrities and Internet tycoons, there were also some well-known Wall Street and foreign media reporters.
When the reception started, Li Mucai came from his presidential suite to the executive lounge downstairs.
Tonight, the entire executive lounge is closed to the public and has been reserved by Google.
As soon as Li Mu appeared, Larry Page came up to him, followed by dozens of media reporters.
Li Mu shook hands with Larry Page and posed for the media to take some photos. Then he stood on a small stage about 20 centimeters high and accepted interviews from media reporters.
The first person Li Mu called to ask a question was a reporter from China CCTV. The CCTV reporter immediately asked Li Mu: "Mr. Li, this time Google went public, you personally came from China to ring the bell. Is this to show to the world that you and the company are together?" A close relationship with Google?”
Li Mu said with a smile: "This is no need to show off deliberately. I am a shareholder of Google and a good friend of Mr. Page. For such a big event, I naturally have to be there in person to congratulate you."
After saying that, Li Mu added: "By the way, you just happened to ask this question, so I just wanted to announce something here."
When the media reporters heard this, they all stretched out their microphones towards Li Mu, and the photographers behind them also focused their lenses on Li Mu alone.
Li Mu said with a smile: "Mr. Page and I have reached a consensus that we are going to jointly invest in Makino Technology and Google to establish a new technology company. This technology company will be named M&G and is expected to be registered within this month. , and established the company’s headquarters in Silicon Valley.”
As soon as these words came out, the whole audience was shocked.
Makino Technology itself is a shareholder of Google, which is also a major reason why the market is very optimistic about Google's prospects. However, unexpectedly, the day before its listing, Li Mu suddenly announced that it would establish a new joint venture with Google. This proves that the two Not only are the two companies closely connected in terms of capital, but they will also be working closely together in terms of business!
This is really a big plus for Google.
So the reporter hurriedly asked: "Mr. Li, can you tell us what M&G's future business direction will be?"
Li Mu smiled and said: "Everyone should know that Makino Technology has reached an acquisition intention with Ford and is preparing to acquire three of their automobile brands. Part of M&G's future business direction is to provide support for Makino Technology's future automobile industry. In addition, In addition, we also have some strategic plans that are not convenient to announce now. When the time comes in the future, we will announce these to everyone step by step."
At this time, a reporter from CNN in the United States asked: "Mr. Li, can you reveal the specific shareholding ratio of M&G?"
The significance of M&G's improvement to Google mainly depends on the proportion of Google's shares in the company. If it is high, it proves that Makino Technology has not invested much, and it may be just a formality; but if it is low, it proves that Google just makes soy sauce.
Li Mu immediately replied readily: "The specific shareholding ratio is 60% held by Makino Technology and 40% held by Google. In principle, we will not add new shareholders."
Makino Technology accounts for 6 and Google accounts for 4. From the outside, this is basically the best golden ratio for Google.
After all, Google wants the endorsement of Makino Technology, and it is itself the younger brother of Makino Technology. If it holds too many shares, it will appear that it lacks a sense of security.
The reporter asked Larry Page again: "Mr. Page, Makino Technology is one of Google's major shareholders, and will establish M&G with Google in the future. So I would like to ask, Google's future strategic plan is to rely on Makino Does technology survive and thrive?”
Larry Page immediately replied: "As you said, Makino Technology is indeed one of Google's major shareholders and a very important strategic partner for us in the future, but our business planning with Makino Technology is very harmonious. Therefore, Google will not rely on Makino Technology for development in the future, but will cooperate deeply with Makino Technology and develop together. We have now begun to establish a joint venture. In the future, we may jointly invest in other projects. This kind of in-depth cooperation is the future of Google and Makino. The way technology is going.”
With the listing imminent, Larry Page certainly cannot directly admit that he has to rely on Makino Technology for survival and development. At the very least, he must let the outside world have greater expectations for Google's prospects.
At this time, a reporter from Fortune magazine asked Li Mu: "Mr. Li, we have been hearing rumors about Makino Technology's IPO. I wonder when the specific IPO time of Makino Technology will be? When you come to New York this time, do you also want to contribute to Makino Technology's IPO?" Looking for an IPO?"
Li Mu smiled slightly and said: "I don't have much to explore regarding IPO. For this kind of matter, we have cooperative accounting firms and law firms, and we have also established an internal IPO department. We also have the main underwriter for future IPOs." Shang, everything is ready and only one step is left, what else can I do to explore the way?"
Speaking, Li Mu added: "As for when Makino Technology will IPO, I can only tell you that it is tentatively scheduled to start in the second half of this year, but it is not completely certain, because for us now, the most important thing is The problem is finding the right time to go public.”
At this time, Li Mu suddenly remembered something and said with a smile: "By the way, I saw some media on Wall Street saying that they wanted to know how much money I could get if I auctioned off a lunch. I wonder which media the article was from?"
The Wall Street Journal reporter raised his hand and said, "Hello, Mr. Li, that article was written by our Wall Street Journal."
Li Mu smiled slightly and said: "Inspired by you, I decided to try auctioning off a dinner. All proceeds from the auction will be donated to the Veterans' Immortal Charity Foundation."
This immediately caused a stir among reporters, and even Larry Page was a little surprised.
No one expected that Li Mu actually decided to auction his dinner. Although Buffett was the first to do this, there have been no imitators.
The main reason why many big names have not followed Buffett's example is that they are worried that their auction amounts will not be able to match Buffett's.
After all, Buffett is a great god in the investment world. If you have a meal with Bill Gates and he tells you how he built Microsoft, you will feel very rational after listening to it, but it is only rational and has no practical guidance.
But Buffett is different. His experience is all solid investment experience, how to analyze the market, how to seize opportunities, and how to make huge profits in the stock market. No one can compare with Buffett in this regard.
Li Mu didn't know how much money he could fetch for his dinner, because he didn't know what kind of experience he could impart to the people he was having dinner with.
However, Li Mu himself is a legend, a super legend who accumulated huge amounts of wealth at the speed of light. In the eyes of the outside world, he is simply full of treasures. Even if he can get a little bit of on-demand from him, he will definitely benefit a lot.
As soon as the reporters heard that he was going to auction the dinner, they immediately started chirping and asking all kinds of questions.
Li Mu motioned for everyone to be quiet, and then introduced himself: "The dinner I am auctioning will be held in Yanjing, China. I will spare three hours to have dinner with the successful bidders."
"As for the bidders, there are no requirements or restrictions on their identity. As long as they successfully bid and pay, they can come to Yanjing to have dinner with me."
A reporter hurriedly asked: "Mr. Li, where will your dinner be auctioned?"
Li Mu said: "The dinner will be auctioned online on Taobao International, and two online payment channels, PayPal and Alipay, will be supported."
After speaking, Li Mu introduced: "Taobao International is not online yet, but it should be available to everyone in the near future."
Another reporter asked: "Mr. Li, did you auction the dinner to promote Taobao International?"
Li Mu nodded generously and admitted, "Sacrifice a little of my personal time and energy to help promote my industry, and at the same time, I can raise funds for the Veterans Immortal Charity Foundation. Why not kill two birds with one stone?"
"Then do you think the transaction price is higher, your dinner or Buffett's lunch?"
Li Mu smiled and said: "This has absolutely no meaning in comparison. Mr. Buffett is an investment expert. Having lunch with him may give you tips from his decades of investment experience. As for me, I am mainly good at entrepreneurship rather than investment. I can't It provides investment experience to others, but it can still provide some entrepreneurial experience and insights, so who has a higher transaction price depends on everyone’s respective audiences.”
“So your dinner auctions will continue into the future?”
Li Mu said: "I can't say for sure. If one day I retire and no longer want to deal with entrepreneurship, then I will probably stop doing this. However, as long as I am still working, then this dinner auction will continue."
(End of chapter)