"Chairman, the sky is falling!"

Liu Quanxin, the leader of Alipay, looked livid: "All the seven giants support Changchao Pay and block Alipay. We are in big trouble and the sky is falling!"

Jack Ma snorted coldly: "Our Alibaba has a monopoly on the e-commerce field, and they have been eyeing it for a long time. Now they just found a breakthrough and swarmed us!"

"Too."

"But what I'm most worried about is that Tencent has joined forces with Xingyi Technology!"

The subordinates also had complicated expressions: "Yeah, who would have thought that they would actually get together. QQ online shopping will also block Alipay and access Changchao payment. And Xingyi flagship store and Meiyou flagship store will fully log in to QQ online shopping! This situation is not the same.

It’s easy to deal with.”

Jack Ma suddenly had a big head.

Originally it was Alibaba VS Xingyi Technology.

Now it’s Alibaba VS Xingyi Technology + JD + Meituan + Gome + Suning + Amazon Xia Guo + QQ Online Shopping!

Originally one-on-one, Alibaba had a great chance of winning thanks to Taobao's monopoly in the e-commerce field.

Alipay, which has dropped to 30 million users, can quickly return to hundreds of millions of users.

But now, things have changed.

It became 1V7!

The other party started a group directly!

The problem is that I don’t have any help here yet!

Not only were there no helpers, but users didn’t even help Ali. Instead, they said Ali deserved it!

We must continue to boycott Alipay and Taobao.

Especially when the other party came out with seven major e-commerce giants at once to snatch Taobao users.

As you can imagine, many Taobao users were shaken.

I originally wanted to boycott Alipay and Taobao, but I had no other e-commerce options before.

Well now, there are seven giants and eight or nine e-commerce platforms, you can choose them as you like.

It needs to be self-operated and self-operated, it needs to be vertical and vertical, it needs to be comprehensive and comprehensive, it needs to be specialized in electrical appliances and it needs to be specialized in electrical appliances...

It can be said that what Alibaba has, the seven major platforms have here.

Then Taobao and Tmall are no longer unique and indispensable.

Many users have abandoned Taobao and turned to the seven major e-commerce platforms, causing Taobao users to plummet rapidly.

In just a few days, Taobao’s daily active users dropped by 50 million!

Looking at the statistical report, Jack's eyes were filled with tears:

"The number of Taobao users has been growing, but now not only has it not grown, but it has dropped by 50 million!"

Liu Quanxin was also helpless: "Not only are there fewer users, but revenue is also falling significantly, and Taobao's traffic is plummeting!"

"How much of a drop?"

“Revenue fell by 30% and traffic fell by 37%!”

"..." The corner of Jackma's mouth twitched: "So miserable?"

It was completely unexpected that this incident would lead to such serious consequences.

I thought that if Changchao Pay was banned, Taobao and Alipay would return to their peak.

Unexpectedly, the peak did not exist, but fell back to an even lower trough!

If this continues, I'm afraid we will go back to three years ago!

"Have the reasons been analyzed?"

"After analysis, there are three main reasons."

"First, the seven major rival merchants have made great efforts to seize our users and market. Especially JD.com and QQ online shopping, they are the most aggressive."

Jack Ma nodded, and seven companies started marketing to grab users. One of them grabbed several million, which added up to tens of millions.

"Second, user resistance. For example, when we blocked Changchao, many users gave up Taobao and chose e-commerce platforms that supported Changchao."

Jack Ma nodded again.

The former is that the seven major rivals take the initiative to steal Taobao users, while the latter is that users actively boycott Alibaba and voluntarily abandon the Taobao platform.

"Third point, after being blocked by Changchao, we lost traffic entrance, resulting in a 30% drop in revenue!"

Jack Ma took a deep breath: "The first two points can only be solved slowly, but the third point can be advanced quickly. We have to get new traffic entrances as soon as possible. How are the talks about acquiring NetEase Weibo going?"

"After talking for a few days, the other party expressed its willingness to sell NetEase Weibo, but for 10 billion, 100% of the equity."

"What? NetEase Weibo also wants 10 billion?"

Jack Ma laughed: "Did you give him face?"

Sina Weibo’s highest valuation for Alibaba is 25 billion, but NetEase Weibo’s valuation is even 8 billion, let alone 10 billion.

Although the four major Weibo platforms are all Weibo, they are very different.

Relying on Tencent's resources, Tencent Weibo can barely compete with Sina Weibo, although it is firmly at the disadvantage.

But NetEase Weibo doesn't even have the ability to compete, and the two sides are not at the same level.

Sina Weibo was launched in August 2009, and NetEase Weibo was launched in January 2010.

In terms of time, NetEase Weibo started not late, just a few months later than Sina, but its subsequent development was far behind.

Without him, Sina launched Sina Blog as early as 2005 and accumulated a large group of celebrity resources, all of which were posted on Sina Weibo.

It can be said that Sina Weibo has been accumulated for five years since its inception.

But NetEase Weibo is starting from scratch.

In addition, NetEase's core business is games and it has not invested much in Weibo.

While Sina's other businesses are doing poorly, Weibo is the only business that can make a comeback, so it simply diverts all its high-quality resources to Weibo.

The annual marketing and promotion expenses are tens of millions!

With more than five years of accumulation and higher investment, Sina Weibo directly overwhelmed NetEase Weibo.

As for Sohu Weibo, it is even less worth mentioning. It is not nice to say it, but it is dispensable.

Jack Ma burst into laughter: "You dare to ask for 10 billion for NetEase's Weibo users? That's crazy. If it's 100% acquisition for 5 billion, I'll consider it!"

Yes, in Jack Ma’s view, NetEase Weibo is only 20% of Sina Weibo’s valuation.

Vice President Mo Yi also nodded: "I don't recommend acquiring NetEase Weibo. After all, NetEase Weibo is flawed. The content is too clear-cut and focuses on criticizing current affairs. It's too easy to get hammered!"

Jack Ma nodded: "President Mo is right. Sina Weibo is mainly for entertainment. It has traffic, popularity and users. It may not have much nutrition, but generally there won't be any big problems."

"NetEase Weibo mainly criticizes current affairs, but it is hovering on the edge of committing suicide. There are few users and low traffic."

With that said, Jackma looked at President Mo: "How is the discussion about buying shares in Sina Weibo going?"

Mo Yixiao said: "When I heard that we were only buying shares and not controlling the shares, Director Cao was like a different person. He welcomed us with both hands and the talks went smoothly."

"It was finally agreed to purchase preferred shares and common shares issued by Sina Weibo Company for RMB 3.8 billion, accounting for approximately 18% of the total fully diluted shares of Weibo Company."

Jackma frowned: "3.8 billion, 18%, valuation is 21.1 billion, the price is not good."

If it were to control Sina Weibo, the valuation would be 21.1 billion, which would be very beautiful.

But if you only invest in shares and cannot control the shares, then it will be high.

Mo Yi was a little embarrassed: "Sina is trying to take advantage of the situation. Life and death cannot be reduced any more."

Jack Ma took a deep breath: "It's okay if we don't lower the price. I want another option! Allow Alibaba to increase our diluted shareholding ratio in Sina Weibo to 30% in the future according to the pre-agreed pricing method!"

Mo Yi's eyes lit up: "Once you get 30% of the shares, even if you don't control Sina Weibo, you will still be the largest shareholder, and you will have enough say! In this way, you can advance or retreat."

Jack Ma nodded: "Traffic entrance is very important. Negotiate as soon as possible and push forward as soon as possible. Recently, Taobao's traffic has dropped a bit, and its revenue has also dropped beyond recognition."

"Okay, I'll book a flight ticket right now!" Mo Yi said decisively.

Jack Ma nodded with satisfaction, he liked Mo Yi's vigorous and decisive style, and then looked at Liu Quanxin: "How many Alipay users are there? Is it 70 million?"

After banning Changchao Payment, even though users on other platforms boycotted Alipay, Taobao and Tmall platforms can only use Alipay.

At this point, even if some users are lost, it can return to the level of 70 to 80 million.

But Liu Quanxin shook his head: "No, only 55 million."

"???"

Jack Ma was confused: "How could this happen? Didn't it increase to 50 million a week ago?"

Liu Quanxin nodded: "Yes, last week the number of users reached 50 million. It stands to reason that this week will be at least 70 million. But now there are only 55 million, and the growth rate has slowed down."

"How could this happen?" Jackma's face changed sharply: "What went wrong."

"I have asked someone to check it, and the results will be available soon," Liu Quanxin said.
To be continued...