While hundreds of people present were puzzled, Meg Whitman in the picture said:
"I am very grateful to Mr. Li Muli. Although we have not had the opportunity to meet each other, he has used his extraordinary wisdom to bring unprecedented new opportunities to eBay and PayPal."
The audience was in an uproar!
Li Mu brings unprecedented new opportunities to eBay and PayPal? What unprecedented new opportunity? ?
At this time, Meg Whitman in the video said: "We are very honored to establish a strategic partnership with Mr. Li. Mr. Li is an outstanding Internet talent in China and even the world. Makino Technology is also a company worthy of everyone's respect." Internet companies, I hope Makino Technology and eBay can work closely together in the future to create greater brilliance!"
Meg Whitman's words shocked the audience! Even the jaws of hundreds of people almost dropped to the ground!
eBay and Makino Technology have cooperated? how come? How did you work together? What's the cooperation
Everyone was whispering below, because what Meg Whitman said was so shocking that if it weren't for the fact that she was indeed the CEO of eBay, everyone would have thought it was a prank.
In the video, Meg Whitman waved her hand towards the camera and said with a smile: "Mr. Li, I look forward to cooperating with you! Once again, on behalf of myself and the entire eBay, I would like to thank all my friends who are here today, thank you all!"
At this time, the video was paused, and everyone stared at Li Mu stupidly, waiting for his explanation.
The lights came back on, and Li Mu smiled calmly and said to everyone: "I believe everyone must be full of questions now, so let me explain."
Everyone sat up and listened with their ears raised, waiting for Li Mu to explain. Li Mu said calmly: "Makino Technology has reached an agreement with eBay and PayPal. In the future, it will join eBay and jointly invest in PayPal."
"Jointly invest in shares?" Everyone is even more confused. Isn't PayPal in trouble with eBay
Li Mu then continued: "In the future, eBay will invest 51% of PayPal's shares in cash, and Makino Technology will invest 29% of PayPal's shares in cash. PayPal's original team will retain 20% of the shares. In the future, PayPal will be jointly held by the three companies. "
The reporters in the audience were completely confused.
what's the situation? Weren't you the one who lured PayPal away from eBay? Because of this, eBay suffered a huge negative impact and its stock continued to fall. Why is eBay coming in again now? And it’s still an absolute controlling stake? This is really not a good thing! Everyone is still waiting for you to control PayPal!
Just when everyone was surprised, Li Mu said: "I know everyone wants Makino Technology to control PayPal, but you know that PayPal's valuation is as high as 1.5 billion U.S. dollars, and 51% control requires a cash payment of 765 million U.S. dollars! You see Do I look like someone with so much money?”
Everyone shook their heads.
Everyone knows that Makino Technology doesn’t have much money at the moment, and it hasn’t raised Series C yet, so how can it get $765 million in cash!
At this time, Li Mu said again: "I don't have enough cash. If I want to control PayPal, I have to sacrifice the shares of Makino Technology. In front of Mr. Elon Musk, I ask you, do you think I use the shares of Makino Technology? Is it worth exchanging PayPal shares?”
Everyone in the audience said in unison: "It's not worth it!"
It's really not worth it. The development prospects of Makino Technology are much greater than that of PayPal. At this time, Li Mu will definitely suffer a big loss if he exchanges shares of Makino Technology for PayPal's shares.
Li Mu also smiled at this time: "I'm not afraid of Musk's anger, but I don't think it's worth it, and I will definitely have to go to my grandma's house."
Elon Musk couldn't help but smile, and the audience burst into laughter.
Everyone knows that the development momentum of Makino Technology is unparalleled in the Internet industry, even in the world. If Li Mu is allowed to exchange shares of Makino Technology for PayPal shares, Li Mu will definitely suffer, and The faster Makino Technology develops in the future, the greater the losses Li Mu will suffer.
Just after everyone recovered from the disappointment that Li Mu did not control PayPal, Li Mu said with a smile: "To be honest, even acquiring 29% of PayPal's shares would require a huge sum of US$435 million."
As he spoke, Li Mu spread his hands and curled his lips: "To be honest, I don't have 435 million U.S. dollars..."
Everyone in the audience was stunned, including you? Brother, what can you do if you don’t have money
Just when everyone was puzzled, Li Mu smiled lightly and dropped another bombshell: "Here, I would like to thank the generous eBay and Ms. Meg Whitman, because just half an hour ago , I signed a contract with Mr. Zheng Xigui, the representative of eBay, in my office. The US$435 million used by Makino Technology to acquire PayPal shares will be lent to Makino Technology by eBay in the form of interest-free loans."
It’s so shocking that it won’t stop until you die!
eBay actually lent US$435 million to Makino Technology unconditionally and asked Makino Technology to buy shares of PayPal! This means that Li Mu took 29% of PayPal's shares without paying a penny
The reporters who came to their senses all exploded!
"Oh My God!"
"eBay lent money to Li Mu to invest in PayPal?"
"Co-author Makino Technology holds 29% of PayPal's shares, and he didn't spend a penny?"
"Li Mu is a standard empty-handed white wolf!"
"That's right, Li Mu's skills are too slippery!"
"Without spending a penny, he disrupted eBay's plan to acquire PayPal, and then forced eBay's stock price to fall continuously. Now without spending a penny, he asked eBay to lend him money to buy 29% of PayPal's shares. eBay's CEO also thanked him He has brought new opportunities to eBay and PayPal. This is not a joke, this is simply a god!"
Originally, eBay wanted to fully acquire PayPal. The talks were almost complete and a contract was about to be signed. However, Li Mu suddenly stepped in and interfered for a while. Not only did eBay miss the opportunity to completely acquire PayPal, it even had to borrow US$435 million. Giving Li Mu a stake in PayPal is almost unheard of.
But this seemingly impossible thing, Li Mu did it. This move was extremely beautiful. I am afraid that the process of Li Mu's acquisition of 29% of PayPal's shares will be written into a classic case in business school teaching.
When all the media reporters were in an uproar, Li Mu announced to everyone: "Next, I want to announce the third thing about this press conference."
The scene that had been noisy and uproar before immediately returned to silence, and everyone stared at Li Mu without blinking.
Li Mu smiled slightly and said: "In addition to jointly holding shares in PayPal, Makino Technology and eBay will also become strategic partners. Our cooperation will adopt a dual-track system within China and outside China... "
With that said, Li Mu gave a general introduction to the future bundled promotion of eBay and YY, which was another blockbuster.
Both eBay and YY are aiming at the world. Far from having any conflict with each other, they are connected together because of the link of PayPal. They are very suitable to become strategic partners and jointly conquer the global market.
Later, Li Mu invited eBay representative Zheng Xigui to come on stage. The three of them stood on the stage together. Li Mu invited Elon Musk and Zheng Xigui to give short speeches respectively. Elon Musk was in a very good mood. In front of so many media, he almost felt overwhelmed. Li Mu praised him to the heavens. He said: "Mr. Li is the best Internet practitioner under the age of thirty that I know, bar none."
"PayPal and I are very much looking forward to the in-depth cooperation with Mr. Li and Makino Technology in the future. I believe we can create greater brilliance!"
Seeing that Li Mu has made such a big fight, eBay has also made such a big fight. Even the CEO specially recorded a video for Makino Technology's press conference. From this, it can be seen that both Makino Technology and eBay want to do this. The news was spread to the whole world as a huge benefit, and PayPal was sandwiched between the two. Naturally, it was the one that benefited most directly. Maybe if the news of today's press conference spreads to the United States, tomorrow PayPal's valuation will exceed 2 billion US dollars. .
Elon Musk knows very well how the Internet bubble was born. If the two giants blow it together, even if it is a bubble, it will still be worth gold. PayPal will definitely succeed this time. What is most fortunate for him is that he still retains the previous Half of the shares, long-term holding will definitely give you an amazing return.
Zheng Xigui's speech also represented eBay's great praise for Makino Technology and Li Mu, which fully reflected eBay's extreme emphasis on this cooperation.
After their speeches, the three signed a formal shareholding agreement in front of the media. At this point, Li Mu successfully boarded the plane before PayPal took off. This 29% of PayPal shares will be used by Makino Technology in the future. The market value has brought huge promotion!
Hundreds of media reporters were completely excited by Li Mu today. The series of major events announced by Li Mu were indeed, as he said, a world-class big news, especially at a time when eBay's stock price continued to fall and when YY was At a time when the news is spreading all over the world, the whole world will be shocked when the news of today's press conference comes out.
What shocked them was not only Li Mu's cooperation with eBay and PayPal, but also Li Mu's personal announcement of YY's major decision to launch a global campaign. At the same time, once the news spread, the Nasdaq and eBay stock prices were about to open in a few hours. It will definitely soar into the sky!
Li Mu, who had announced all the major events, stood on the stage of the press conference and bowed slightly to the media in the audience, picked up the microphone and thanked: "Thank you again for coming, thank you all!"
When the hundreds of reporters in the audience saw that Li Mu seemed to be taking a curtain call, they quickly raised their hands and shouted, "Mr. Li, can I ask you a question?" Li Mu saw that the reporters were too enthusiastic, so he made an impromptu decision. , said: "Originally I was not prepared to answer questions from reporters. Since everyone is so enthusiastic, I will answer three questions."
The reporters in the audience raised their hands. Li Mu glanced at the CCTV reporter and said without hesitation: "First question, please ask the CCTV reporter."
A gentle male reporter wearing glasses stood up, held a microphone, and said in a somewhat excited tone: "Mr. Li, you just officially announced that Makino Technology has launched a globalization strategy, so I would like to ask you, what do you think? Come on, what is the ultimate goal of Makino Technology’s globalization?”
Li Mu thought about it for a while, then said in a calm tone but with an extraordinarily determined expression: "The purpose of Makino Technology's globalization is, on the one hand, to prove our strength around the world; on the other hand, it is to become a bridgehead for Chinese Internet companies to go global. In the future, Makino Technology is willing to make itself a world-class open platform to help and promote more Chinese Internet products to the world!"
The CCTV reporter asked again: “Can you tell me in detail what you mean by a world-class open platform?”
Li Mu smiled slightly and said: "For example, if a chef opens a Chinese-style restaurant overseas, the most he can do for China is to hire a few Chinese helpers and that's it. He has no ability to truly serve China's customers. What does the business do;”
Having said this, Li Mu paused for a moment, then changed his voice and said: "However, if we can open countless chain Chinese restaurants like McDonald's around the world, we can do a lot for China and Chinese enterprises. Got it!"
As Li Mu spoke, he stretched out his fingers, raised his voice a little, and gestured impassionedly: "Just think about it, by that time, not only will we be able to hire more Chinese employees! We will also be able to provide more local Chinese students with More generous work-study positions! You can also sell and promote beverages produced by Huaxia Enterprises in our chain restaurants around the world! You can also sell and promote handicrafts and souvenirs produced by Huaxia Enterprises! You can also sell paper towels, tableware, and tables produced by Huaxia Enterprises. Chairs, firewood, rice, oil, salt, sauce, vinegar, tea, even chili sauce, etc.!”
"For the manufacturers of these products, their products may be really great! But they may not be able to sell their products abroad in their lifetime! However, with our platform as their bridgehead around the world, their products Through us, we can quickly distribute goods to any country in the world. This is the meaning of our existence! This is the epitome of a world-class open platform!"
Everyone, including CCTV reporters, nodded in sudden realization. If YY becomes a world-class open platform, it will face a large number of users from all over the world, and it can promote more products on its own platform as Li Mu said. There are many products from Huaxia Internet companies. At that time, as long as the Huaxia Internet products were launched through YY, they could directly go to the world through YY.
The excited CCTV reporter asked in a stammering voice: "Mr. Li, if YY becomes a world-class product in the future, will you introduce the 3321 model to the world?"
Li Mu nodded and said: "3321 is a sharing economy of educational resources. As long as there is a market with educational needs, it will be fertile ground for the development of 3321. I will definitely work hard to promote 3321 to the world in the future, and abide by my original promise not to use 3321 for profit. I will make my best contribution to education around the world!"
The CCTV reporter bowed to Li Mu with tears in his eyes: "Thank you, Mr. Li! Thank you!"
Li Mu smiled at him. After he sat down, other reporters raised their hands. At this time, Li Mu picked up the microphone and said abruptly: "The three questions have been answered. Thank you again for coming today. Today's The press conference ends here! Goodbye!"
"Holy shit, do these count as three?"
All the reporters in the audience were dumbfounded. Before they could recover, Li Mu had already handed the microphone back to the host. After bowing, he turned around and walked off the stage quickly, returning directly to his office, leaving a group of people stunned. The reporters were confused on the spot...
…
PS: Some brothers and sisters say that I am a slut, and I have really wronged my grandma’s house! ! ! Investing in PayPal, wooing eBay, taking the first step into the world, and planning a world-class open platform are really important to Li Mu's future, so there is no other way but to carefully lay the groundwork and make a good transfer. , that’s really irresponsible! I hope everyone can understand!
(End of chapter)