Li Dong paved the way for his feelings leisurely, but his steps in the distance never stopped.

After the internal subscription, Yuanfang Retail added another 28 billion yuan in cash flow.

After excluding the acquisition amount of its own property and the amount of the acquisition of the treasure, including investing in the existing Yuanfang City, Yuanfang Retail still has a lot of cash flow left.

Maybe it is to be more full when it is launched, or maybe it is to achieve what Li Dong said to surpass Walmart.

On the eve of its listing, Yuanfang Retail announced Yuanfang Retail’s next strategic plan.

In fact, at this moment, there is no need to announce it from afar. Everyone understands that the distance is about to enter the international market.

The domestic area has reached its limit.

In retail and e-commerce, a monopoly situation has been formed in the distance. Even if it expands further, the effect will be limited.

Therefore, international expansion is bound to be the next goal in the distance.

What everyone cares about is where will the distance start?

European market?

North American market?

As Qi Yunna said before, he marched into Russia from land.

Expansion is inevitable. The key is where to start expansion. This is the information that some outside companies want to know.

And what business is the first step in the expansion of the distance?

Online e-commerce? Offline retail? Or business expansion through Tengxun?

Soon, the outside world got the exact news.

In mid-March, Yuanfang announced the news almost at the same time as Alibaba.

Alibaba announced the information that Alibaba's management team repurchased Alibaba shares held by Yahoo.

For this repurchase, Alibaba spent nearly US$8 billion and acquired 39% of Alibaba shares held by Yahoo.

Compared to 2007, this price is naturally not high. The 39% stake costs less than US$8 billion, and the entire Alibaba is worth less than US$200.

But in 2008, Alibaba suffered from the impact of the global financial crisis and was already weak. In 2009, it was even more dizzy by the distance, losing the fastest-growing online shopping business in the past two years.

At this time, the repurchase amount of nearly US$8 billion is not low.

After taking over 39% of Yahoo's equity, the Alibaba management team held a peak in the proportion of shares, up to 73%.

At this moment, the only remaining shareholder is SoftBank.

During this repurchase of Alibaba, SoftBank reached an agreement with Alibaba to no longer increase its shares and continue to maintain 27% of its shares. This time, Alibaba repurchased Yahoo's shares in the name of the group.

According to the agreement between the two parties, Alibaba will provide SoftBank with the same compensation plan. After all, SoftBank also has a payment for the group's money without withdrawing.

As for the specific agreement between the two parties, no one revealed that it was nothing more than that after Alibaba went public, the other party had a series of purchase agreements.

Lao Ma finally failed to kick SoftBank out. After all, SoftBank has not caused much trouble for him over the years. The only thing Lao Ma can't tolerate is Yahoo.

As Yahoo withdrew, Alibaba's management team also obtained ownership of the entire group. At this time, SoftBank's withdrawal or not withdrew, it has nothing to do with the overall situation.

Just when the outside world was paying attention to Alibaba's elimination of Yahoo, Yuanfang didn't know whether it was a coincidence or intentional, so the news was also announced to the public.

Yuanfang Retail collaborates with Tengxun Group, and the two parties jointly invested US$3.8 billion to acquire 10% of Yahoo Japan's shares.

Yahoo Japan and Yahoo are not the same concept.

Yahoo is the Yahoo headquarters holding company in the world, including China.

But in Japan, Yahoo is not the headquarters holding company, but SoftBank Holding company.

Yahoo Japan has only two major shareholders, the largest shareholder is SoftBank, and the second shareholder is Yahoo. Other shares come from the stock market.

Yahoo Japan has been the largest website in Asia for so many years before Far East acquired Teng Xun.

Even Teng Xun, including Alibaba, had a market value that was not as good as that of the other party before.

In addition to occupying more than half of the local search market, Yahoo Japan is also the top three online shopping websites in Japan, and once was the number one e-commerce website!

And this time, Yuanfang and Teng Xun joined forces to acquire Yahoo Japan's shares, and the intention was very obvious.

On the one hand, it is to expand Teng Xun's influence, and on the other hand, it is to expand e-commerce business.

The xenophobia sentiment in the island country is actually not too serious.

But this is also relatively speaking, these locals have natural obedience to European and American powers and recognize that the other party is a strong person, so they do not have much sense of rejection.

But as a neighboring country, China is relatively lagging behind the other party, and the locals do not accept it very well.

Even in the distance, it is not very well-known in Japan.

At this time, Yuanfang acquired 10% of Yahoo Japan's shares, and anyone with discerning eyes knew what Yuanfang's purpose was.

The 10% ratio is actually not high, but as a result, Yuanfang officially entered the Japanese market.

In Asia, business expansion is often not the first market to expand, but Japan and South Korea are.

But in these countries, it is relatively difficult to enter.

Many well-known large enterprises have to withdraw in these countries in the end.

Over the years, Yahoo has successfully taken root and is getting bigger and bigger. The key is that Yahoo is not the controlling shareholder, and SoftBank has a great influence in the local area.

This time, Yuanfang took advantage of Yahoo and SoftBank's failure at Alibaba and reached an agreement with both sides, which was actually filling each other's business.

In recent years, SoftBank and Yahoo's largest partners in China have been Alibaba.

But this time Yahoo was kicked out, SoftBank was in danger. At this time, Yuanfang became a giant company in China. Compared to cooperating with Alibaba and Yuanfang, it is more beneficial to their future.

So, on the same day that Yahoo was kicked out by Alibaba, Yuanfang also reached a formal agreement with the two companies to enter Yahoo Japan and become the third shareholder.

At the same time, Yuanfang established a branch in Japan.

In addition, Asia, other countries and the distance are also seeking the best partners, officially opening up the Asian layout.

Without entering Europe and the United States first, we chose to pursue Asia first.

Compared with the severe local conditions in the European and American markets, Asia is relatively loose.

...

In fact, the Yahoo cooperation announced by both parties is just public news.

And there are still some undisclosed news.

For example, Wankaton officially entered the Japanese market.

For a cross-border e-commerce company, if it wants to truly develop, the payment system is still extremely important.

Having your own payment system means you don’t have to transfer your own business core data to third parties.

If the Far East Mall wants to expand, it is essential to enter Wankatong at the same time.

Internet payment is related to finance. Generally speaking, if local policies are not open enough, it is difficult to get access due to policy restrictions.

And this time, the reason why the distance can enter is the cooperation between the two sides.

Yuanfang Finance also established a branch in Japan.

Today's payment companies want to gain a foothold in the local area, but there are only two solutions.

First, acquire local financial payment institutions.

This is not feasible in Japan. Nowadays, Japan still pays more by cash and credit card. In fact, the other party also has third-party payments, but it is not like this in China, and it is more similar to a one-card bus card.

It mainly uses Sony's felia technical support, which is not the same as domestic third-party payment.

So there is no way to talk about acquisition.

The second form is cooperation.

Find a local large group to cooperate, hold shares together, and develop the market together, this is a simple and fast way.

Without the support of local companies, it is too difficult for foreign companies to gain a foothold.

Yahoo even gave up its controlling stake in order to develop in Japan.

Although Yuanfang will not give up its controlling stake, SoftBank also invested in the branch to hold 30% of the shares.

These news has not been made public in the distance.

Many times, some news is made public, and it can only be exchanged for meaningless doubts.

For other Chinese companies in the distance, it is actually a good thing to be able to open up the market and be held by local companies.

But for ordinary people, they may be affected by other factors, but the final result is not very good.

Yuanfang is a wholly owned company in China. This time, it was once entered the foreign market, and it was held by foreign capital by 30%, especially the Japanese company that Chinese people hate very much.

Official announcement of the news may cause some unnecessary trouble.

Based on this, the far-far did not disclose the news to the public.

...

Opening up the Japanese market is of great significance to the distance.
To be continued...