Zhou Liwen and Lin Yaxuan have similar understandings, but deep down in his heart, he is not even ready to list Alipay, but only chooses to list online e-commerce platforms such as Taobao and Ali. For this choice, he has his own selfish motives, and at the same time he also has considerations for the future development of the enterprise. To be honest, these aspects are completely different. Nowadays, Alipay has become a popular online banking platform, and it can even be said that it has actually become relatively independent from the various platforms under the Internet Group. Even bundled in Zhou Liwen's smartphone, coupled with the payment function of WeChat software, its prospects are extremely bright. Compared with Alipay, the e-commerce platform is completely different. Nowadays, although it is in the process of rapid development, in terms of users and scale, it has long surpassed the original eBay. And as online e-commerce squeezes the traditional department store industry, this fast business will still be booming in the next few years. However, online e-commerce has a fatal shortcoming, that is, the amount of information is too large, product quality varies widely, and the legal boundaries for online e-commerce are blurred, etc. Once there is any disturbance, it will bring a big blow to this platform, and its ability to resist risks is far less powerful than Alipay, so in Zhou Liwen's subconscious, he even felt that it was appropriate to throw away this business Going out and becoming a bait while keeping his core Alipay is the best choice. But this did not solve the problem. According to the plan of Wells Fargo and Goldman Sachs, they recommended bundling and listing. Giants like Wells Fargo and Goldman Sachs are not fools. They certainly see that Alipay is more promising and valuable than online e-commerce platforms. If part of it is divested and listed, will the other party accept it? And if you do this, the overall value will drop a lot, and the interests of shareholders will not be better than bundling and listing. After careful consideration, Zhou Liwen finally decided to give it a try. However, before persuading Wells Fargo and Goldman Sachs, he must appease the inside, especially for people like Liu Ting and Ma Qingyang. Zhou Liwen must consider their feelings. Only with their support can he have a showdown with those predators. To this end, Zhou Liwen specially held a conference call. Participants were all senior executives of the Internet Group, including some managers with options. When Zhou Liwen told them in the conference call that the company was preparing to list the Internet Group, , it can be seen from the display that everyone's faces are full of excitement and joy, and some people have even begun to secretly calculate how much their assets will reach after the Internet Group is listed. But when Zhou Liwen went on to say that he was going to officially separate Alipay from the entire group first, and not join the listing process, but only list Taobao, Ali and other online e-commerce platforms, many people expressed their displeasure. Shang suddenly showed an expression of surprise and disappointment. "Dr. Jay, can I ask why? As you know, Alipay, as a substantial online banking institution, occupies a large proportion of the entire online group. If it is separated out separately, everyone's interests will be harmed. It will also lead to an underestimation of the listed market value." A vice president asked bluntly. His words basically represented everyone's thoughts. Many people, including Ma Qingyang, also showed questioning expressions. "You're right, that's why I thought about it." Zhou Liwen knew that this issue could not be avoided. He then elaborated on his views, especially pointing out that Alipay, as an online banking platform, is closely related to online e-commerce. Different in nature, although the bundled listing of several companies can increase the market value of the entire network group, it is not suitable for development strategy in the long run. And due to some reasons, Alipay will be affected, and even set up meaningless obstacles for Alipay's development in other e-commerce platforms. "In terms of interests, at the same time as the divestiture, the shares owned by everyone, including options, will be rearranged, and everything will be conducted under strict and open auditing. If anyone has objections to the distribution of shares, including options, they can check it anytime and anywhere. Audit information, or ask me directly. " This sentence made everyone feel at ease. The people who can participate in this online conference call are all the elites of the group, and no one is a fool. The concerns and questions raised by Zhou Liwen also exist. Since Zhou Liwen has taken into account the benefits of shares including options, the listing after the spin-off will actually have no impact on everyone. Of course, after the final listing, due to the divestment of Alipay, the wealth they immediately obtain will be much reduced, but at least part of it will still be with Alipay, but it will not be cashed out immediately. "So Chairman Jay, will Alipay be listed separately after the online e-commerce platform?" Another vice president couldn't help but asked. Internet Group Company was once a merger of three companies, that is, Ali and Taobao merged, and then added I joined the Alipay company that Liu Ting was originally in charge of. The vice president is Liu Ting's old subordinate. He has been involved in the Alipay project before. After the establishment of the Internet Group, his substantial interests are still in Alipay, so if it is divested and listed, he personally will suffer the most. weekLi Wen did not practice Tai Chi and answered bluntly: "It will not be listed in the near future. This is a decision made taking into account the issue of separate listings of the two. And you also know that the financial market has not fully recovered yet. If the two are listed immediately, Going public would be detrimental to the entire financial market. What¡¯s more, from the perspective of securities institutions, this is not allowed.¡± At this point, Zhou Liwen glanced at the vice president: ¡°Of course, if someone has no confidence in Alipay, As the chairman, I can exchange the shares according to each person's share structure, including the option ratio, after the audit is completed. That is, you can use Alipay's shares to exchange for the shares of the divested Internet Group." When Zhou Liwen finished speaking, everyone's expression was obvious. Relaxing a bit, this is equivalent to Zhou Liwen cashing in on everyone in advance. If this is the case, then everyone's interests will basically not be damaged. As for whether Zhou Liwen can do this, no one doubts it. You must know that Zhou Liwen owns the largest proportion of shares in the entire Internet group. It can even be said that the total proportion of large shares including options of all the people present is not as high as One-tenth of Zhou Liwen's. "I have no problem, and I don't plan to make any replacements. No matter whether Alipay will be listed in the future, I will continue to hold it." At this time, Liu Ting, who had been silent, said, she smiled and nodded to Zhou Liwen, Show her support. Everyone knows the relationship between Liu Ting and Zhou Liwen. It is natural for her to support Zhou Liwen at this time. No one is surprised. But the next person's speech made some people stunned, because none of them expected that the third The two people who expressed their support for Zhou Liwen's decision as well as Liu Ting, and who also clearly answered that they were not prepared to exchange Alipay's shares, were actually the founders of Ali. Now the actual managers of the Internet Group are known together with Liu Ting within the group. Ma Qingyang, one of the two giants.