1, shortly after the first round of financing was established in Alibaba, Ma Yun met Cai Chongxin, the first most important person in his career, and Cai Chongxin joined Alibaba as CFO. The lawyer-trained investment bank executive quickly showed his talent, and in June 1 999+February1,he obtained a series A financing of $5 million. This investment is led by Goldman Sachs Group, and other investment institutions include Fidelity Capital, Singapore Government Science and Technology Development Fund and Yinruida investor AB (this is Cai Chongxin's last old club). Cai Chongxin's participation not only brought huge funds to the newly established Alibaba, but also brought a world-class system, and built an international capital structure from the very beginning. It can be said that without Cai Chongxin, there would be no Ma Yun today! Of course, the reverse is also true. Career is the result of common achievements!
2. The second round of financing Next, Ma Yun met Sun Zhengyi, the second most important figure in his career. From June 5438 to February 2000, Ma Yun and Son fell in love at first sight. Son was moved by this strange-looking but passionate man and led him to invest 20 million dollars. With this money, Ma Yun has achieved today's achievements, and Masayoshi Son is just below 19. Alibaba's investment is also the most successful investment in Softbank's history, contributing 80% of the investment income, which is another story of mutual achievement.
There are five investment institutions in this investment. The lead investor is Softbank China Capital, and others are Stormwind Capital (Fidelity Asia), Yinruida investor AB (this institution has already made a round of investment, and chose to follow the investment again this time), KPCB Peng Kaihua Ying China and JAIC Riya Investment.
In February, 2004, three years after the third round of financing, Alibaba got the C round of financing again, with the financing amount of $6543.8+200 million. The leading institution is still Softbank China Capital (with an investment of US$ 80 million), and other institutions are Stor Capital (Fidelity Asia), KPCB Peng Kaihua Ying China and GGV ggv capital.
The fourth round of financing June 5438+February 2004, Alibaba received another investment, with a financing amount of 82 million US dollars, of which Softbank led the investment of 60 million US dollars. Other investment institutions include Kleiner Perkins, ggv capital and Fidelity Asia.
The fifth round of financing In August 2005, Alibaba won the D round of financing. Ma Yun also met the most important third person in his career-Yang Zhiyuan, founder of Yahoo and Internet pioneer. At that time, it happened to be the peak of his career. His decision had a profound impact on Yahoo. The two most important things that Yang Zhiyuan did for Yahoo were to create Yahoo and invest in Alibaba!
This time, Yahoo brought in $654.38 billion, and Yahoo also gave Yahoo China as a dowry to Alibaba (this incident later involved another Internet tycoon Zhou, which is another story). Yahoo bought 40% of Alibaba's shares, and Alibaba used this $654.38 billion in cash to prepare enough ammunition for future battles. Without this $65.438 billion, Taobao's free strategy cannot be implemented, and it is hard to say that it will win in the future competition!
The Sixth Financing In June 2007, 165438+ 10, Alibaba finally ushered in an IPO, and its B2B part was listed in Hong Kong, raising1500 million US dollars, totaling11600 million Hong Kong dollars, setting a historical record for Hong Kong stock financing. The issue price is 65,438 Hong Kong dollars +03.5. Five years later, in June, 2065,438+03.5, it was announced that it would be privatized at HK$ 65,438+03.5 per share, and US$ 6,543,850.5 billion would be used free of charge for five years. Alibaba's listing did not bring any return to shareholders in the secondary market.
The seventh financing 20 10 March, Sequoia Capital strategically invested in Alibaba, with an unknown amount.
The Eighth Financing 20 1 1 In September, Alibaba won the E round of financing, with the financing amount of1600 million US dollars. The main investment institutions are Silver Lake Capital, DST Global, Temasek Temasek and Yunfeng Fund.
Ninth financing: 2065438+August 2002, Alibaba received a round of Pre-IPO financing with a financing amount of 4.288 billion US dollars. Investment institutions include China Investment Corporation, CITIC Capital, Venture Workshop, Temasek and other institutions (this time it involves buying back the shares held by Yahoo, which is more complicated).
Tenth Financing 2065438+In September 2004, Alibaba went public in the United States, raising $25 billion, setting a global IPO fundraising record at that time.
In the history of Alibaba, eight rounds of financing (including two public offerings) have been completed, with a total financing of $30,965,438+200 million.
Among investment institutions, Softbank is the most profitable. Softbank invested $80 million in Alibaba, and now its market value exceeds140 billion, and its profit exceeds 1700 times. Masayoshi Son of Softbank publicly stated that Alibaba is the most successful investment company.
Up to now, Alibaba has publicly counted 9 rounds of financing, with a total financing of 42 1 100 million US dollars!
Among investment institutions, Softbank is the most profitable. Softbank invested $80 million in Alibaba, and now its market value exceeds140 billion, and its profit exceeds 1700 times.
Masayoshi Son of Softbank has repeatedly stated in public that Alibaba is the most successful company in its investment.
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Alibaba, which is listed on the Hong Kong Stock Exchange and the US stock market at the same time, easily surpassed Tencent to become the Internet company with the highest market value in China, and the gap is getting wider and wider. It will take some time for other companies to surpass Alibaba's market value in the future. Alibaba was born in 1999 10, when the Internet in China was still in its infancy. In that year, Alibaba completed 1 round of financing, with a financing amount of 5 million US dollars. The investors included Goldman Sachs and Singapore tdf.
Then in the internet bubble in 2000, Alibaba, which was in urgent need of money, found Softbank at that time. Ma Yun talked with Masayoshi Son of Softbank for a while, and Masayoshi Son decided to lead Alibaba's $25 million investment. Other institutions include TDF in Singapore, Fidelity, Huiya Fund and AB in Sweden.
In February 2004, Alibaba raised $82 million, followed by Softbank and Singapore TDF.
The fourth round of financing: In August 2005, Alibaba raised $654.38 billion, and Yahoo got 39% of Alibaba Group's common stock and 35% of the voting rights.
The fifth round of financing: In June 2007, 165438+ 10, Alibaba was listed on the Hong Kong Stock Exchange, raising1500 million US dollars.
Sixth round of financing: 20 1 1 September, Alibaba raised 2 billion US dollars. The main investment institutions are Silver Lake in the United States, DST in Russia, Temasek in Singapore and Yunfeng Fund in China.
Seventh round of financing: 2065438+August 2002, Alibaba raised $4.3 billion. The main investment institutions are CIC, CITIC Capital, Apollo Capital, CDB Finance, Silver Lake, DST and Temasek.
The eighth round of financing: 2065438+September 2004, the United States went public, and Alibaba raised $22 billion.
The ninth round of financing: ABBA listed on the Hong Kong Stock Exchange again, raising HK$ 88 billion.
Therefore, Alibaba has completed 9 rounds of financing (including 3 public offerings).
I'm glad to answer this question. I'm Chase, focusing on the financial field, and I have some experiences to share. If you like my answer, please pay attention.
Alibaba was founded on1September 9, 999. Registered in Cayman Islands, headquartered in Hangzhou, China, and headquartered in Hongkong, China. By the end of 20 19, Alibaba had completed six financing in 20 years.
Alibaba's first round of "financing"1999 In March, a team of 18 people headed by Ma Yun invested 500,000 yuan to start the operation of Alibaba's website in Hangzhou. After half a year, that is, 1999 10 months, the number of website members reached about 40,000. After rejecting dozens of venture capitalists, Cai Chongxin joined in to help the team implement the equity agreement and completely turned Alibaba into a joint-stock enterprise. At the same time, it obtained $5 million in financing from Goldman Sachs, Singapore TDF and AB, an investor of Yinruida who once worked in Cai Chongxin.
After Alibaba's second round of financing entered 2000, Alibaba's membership reached 654.38 million+people, covering 654.38+080 countries and regions. At this time, Masayoshi Son, chairman of Japanese Softbank, came to China to look for investment projects and decided to invest $30 million to acquire a 30% stake in Alibaba. However, Ma Yun proposed $20 million. As a condition, Ma Yun must master Alibaba himself. On June 5438+ 10, 2000, Softbank joined forces with Fidelity, Huiya Capital, Japan Asia Investment, Sweden Investment and TDF. , a total of $25 million, of which Softbank contributed $20 million.
Alibaba's third round of financing ended in 2004, and Alibaba has been rated as the best B2B website in the world for four consecutive years. In 2003, the goal of daily income exceeding one million has been achieved. At this time, the rise of Yi Bei and the invasion of SARS gradually began to change people's shopping habits. Alibaba seized this opportunity and Taobao was officially born. In February, 2004, Alibaba received a total investment of $82 million from Softbank, Fidelity Investment and GGV again, of which Taobao alone received an investment of $60 million, with Softbank as the largest shareholder.
Alibaba's fourth round of financing The fourth round of financing involves four transactions. The first transaction was Yahoo's acquisition of all Taobao shares of Softbank for $360 million. In the second transaction, Softbank will take out half of the $360 million from cashing in Taobao shares to take over the 27.7 million Alibaba shares transferred by Alibaba's first three rounds of investors. The third transaction is Yahoo's acquisition of the remaining 60 million Alibaba shares held by Alibaba investors (except Softbank) in the first three rounds for $390 million. Trading Thinking Yahoo exchanged $250 million, Taobao equity purchased from Softbank and all assets of Yahoo China for Alibaba Group to issue 2,054,388+060,000 shares to Yahoo.
Alibaba's fifth round of financing in 2007165438+1October 6th, Alibaba's B2B business was listed in Hong Kong. The issue price was HK$ 65,438+03.5 per share, and the opening price was US$ 30, an increase of 65,438+022%. Successfully raised $654,380+0.5 billion, the highest amount of Internet financing in China. In 20 12, Ali's delisting price from Hong Kong was still HK$ 3.5 per share. For Ali, this round of financing is to obtain interest-free loans worth1900 million Hong Kong dollars from shareholders.
The stock code of Alibaba's sixth round of financing is baba, the application time is 2065438+May 7, 2004, the listing time is 2065438+September 2004 19, and the listing place is the New York Stock Exchange. The financing is 2 18 billion USD, the valuation is 23 14 billion USD, and the issue price is 68 USD.
Alibaba is the largest e-commerce company on earth, with three e-commerce websites-Taobao, Tmall and Alibaba, which attract tens of millions of online users every day. How big is Alibaba? 674 million active users or 755 million mobile users? Or the annual income is 376 billion yuan (RMB) (US$ 54 billion).
There is no doubt that Alibaba is a huge e-commerce success story, and it is constantly developing. This is a story worth telling, which was mainly written by a visionary founder. He saw the opportunity in e-commerce based on the Internet and made full use of this advantage.
Today, Alibaba is competing with competitors including Google and Amazon on a global scale. From e-commerce and payment systems to cloud services and artificial intelligence, Alibaba has established a strong field.
Here, we briefly introduce the history of Alibaba and illustrate the key milestones that helped Alibaba rise rapidly:
265438+In the 1990s, Ma Yun came into contact with the Internet during his first visit to the United States. A few years later, he got $5 million from a consortium of investors (composed of Goldman Sachs and Fidelity) and founded Alibaba Group with other 17 co-founders.
Alibaba's online retail platforms Alibaba.com(B2B) and 1688.com(B2C) were released at a moderate time, and the prosperity of the Internet has just arrived in China. The dawn of 2 1 century is good news for Alibaba. Alibaba raised $20 million from the investment group led by Yi Bei Softbank. After a year of abundant cash, Alibaba established Taobao.
Then another round of financing was carried out (the company raised 82 million US dollars), and the instant messaging tool Ali Want Want and the third-party online payment platform Alipay were launched. These three businesses will eventually evolve into the "iron triangle" of e-commerce, logistics and finance. Today's Alibaba Group is based on this.
In 2005, Alibaba and Yahoo! ) established a strategic partnership, and then took over the business in China. In the following three years, Alibaba launched three successful activities: Taobao University (online e-commerce education project), Ali Mama (online marketing platform) and Tmall (online market for third-party brand products).
After the establishment of R&D Department to strengthen internal innovation, in 2009, the company celebrated the anniversary of 10, established Alibaba Cloud, and acquired Wanwang, a leading IP provider in China. Through the acquisition of logistics companies Vendio, Auctiva and One-Touch, and the successful acquisition of Juhua (group buying market), AliExpress (global market for China exporters) and Diandian Charge (mobile social network application).
By 20 14, Alibaba will usher in the future on a global scale, because the initial public offering of $25 billion swept Wall Street and gained billions of dollars in investment cash. Alibaba is a leading e-commerce company in China.
Alibaba timetable This is a key date in Alibaba's history.
1999: The company was founded by Ma Yunhe 18 partners in Hangzhou, China.
2000: The company raised $25 million from Goldman Sachs and received investment from SFTBY and Fidelity.
2002: Alibaba made its first profit in history.
April 4, 2003: Alibaba launched Taobao, a consumer e-commerce website, and Alipay, an online payment system.
2007: Alibaba is listed on the Hong Kong Stock Exchange.
2009: On the occasion of the anniversary of 10, Alibaba launched a new cloud computing platform.
20 10: Ray-Ban opened an online shop in Alibaba Taobao Mall, which opened up a new way for American enterprises to do business in China.
20 13: Ma Yun steps down as CEO of Alibaba. His successor is lujun, personally selected by Ma Yun.
20 14: Alibaba has grown into the largest online business platform for small businesses. In the same year, after the company went public, it beat Facebook with an IPO of $25 billion and a new trading price of 68 yuan per share.
20 18: Alibaba Taobao has 580 million monthly active users. In the same year, Ma Yun announced that he would step down as chairman of Alibaba on 20 19.
Ma Yun left Alibaba in 2 0 19, and he resigned in September 20 19. By June of 20 19, Alibaba had broken a new e-commerce record, and its mobile user base had grown to 1 1 billion, while its revenue had increased by 42%. At present, the website has 674 million monthly active users, accounting for 60% of the whole e-commerce market in China by the end of 20 18. Its global workforce has grown to 86,000, and the company delivers 57 million packages every year through its rookie network.
How did Alibaba succeed from Ma Yun's financing experience?
Is Ma Yun a grassroots? Many of us think that Ma Yun is not grassroots, but Ma Yun is actually well-off. However, Ma Yun's trip to Alibaba is really not easy. We know that Alibaba's success will not happen overnight. Although Ma Yun has retired from the position of chairman of Alibaba's board of directors, his experience can still be written as an amazing book.
Financing experience needs to start from Cai Chongxin. The following is a description of Cai Chongxin and Ma Yun boating in the lake. Ma Yun tentatively asked: Can you create e-commerce glory with me? Without further ado, Cai Chongxin agreed. Ma Yun is very excited. After all, Cai Chongxin is a doctoral student at Yale University with an annual salary of $700,000. Finally, he joined Ma Yun's startup group, earning only $500 a month.
It is conceivable that Ma Yun's success is indeed the process of financing for Alibaba, a noble person: several important time nodes.
1.1991kloc-0/0. In October, Cai Chongxin helped Ma Yun obtain a $5 million financing from Goldman Sachs. Here, Cai Chongxin's contacts played a key role.
2. In 2000, Alibaba welcomed Softbank, with the advantage of 25 million dollars, which made Alibaba soar.
3. In 2004, Masayoshi Son was really smart, and directly invested 62 million dollars, especially the Softbank family invested 60 million dollars.
In 2005, Alibaba received an investment of $654.38 billion from Yahoo, and Taobao and Alipay were launched.
In fact, we can know that Alibaba's success is indeed inseparable from financing, and now one of its advantages is indeed inspired by financing. While catching up with the times, we can't ignore Alibaba's comprehensive advantages, seize the golden moment of network development, and satisfy our development of e-commerce and online payment, all of which have made Alibaba.
What you see is superficial. According to the grapevine, a river found Sun Zhengyi and introduced him to Ma Yun, which is also the reason why Alipay business was not packaged into a listed company. A start-up company, 25 million dollars is not a small amount, in that era, it was also a big investment for Softbank. Building trust is very important in financing, and connections are very important among early entrepreneurs in China market.
When Ma Yun 1999 founded Alibaba, there were only 2 million Internet users in China. After only six months, this number has doubled and reached 9 million by the end of the year! Sina, Sohu and Netease had won the favor of foreign VCS long before Ma Yun planned to set up Alibaba. It can be said that Alibaba was not born in the wind!
Ma Yun once said: Today is cruel, tomorrow is even more cruel, and the day after tomorrow will be beautiful, but most people will die tomorrow night. Start-ups, never do these things. Without strategy, survival is strategy.
1February 2, 9991day, Ma Yun and eighteen "arhats" pooled 500,000 yuan to set up Alibaba. And this 500,000, Ma Yun does not allow anyone to borrow money from parents and friends. At that time, it was hoped that the website would last for 10 months, and it was expected that investment could be attracted after 10 months. This is actually more like a gamble. Now think about it. If something happens halfway, Alibaba will disappear in less than 10 months.
According to Peng Lei's memory, every time Ma Yun came back from the outside, he would tell everyone, "I rejected another VC ..." One day, he said that he had rejected 37 VCS. In recent years, this mystery has been uncovered. It turned out that Ma Yun was rejected by 37 venture capitalists because no one believed him! "
Alibaba's first God of Wealth was actually Cai Chongxin. Cai Chongxin left a German investment company with an annual salary of $700,000 and went all the way to Ma Yun's side with a monthly salary of only 500 RMB to help Ma Yun register the company.
On a hot summer night in the Lakeside Garden, Cai Chongxin talked with the first batch of employees about shares and rights on the whiteboard, and asked Ma Yun and/KOOC-0/8 Lohan to sign/KOOC-0/8 English contracts that fully conform to international practice. Without such a person as Cai Chongxin, Alibaba is a family business, and always uses "family", "ideal" and "loyalty" to maintain the team. After Cai Chongxin arrived, Alibaba was made into a company, and the interests of the original 18 arhats team were tied together in the form of a formal contract.
With the help of Cai Chongxin, finally in August of 1999, an accidental meeting brought Alibaba's first "angel fund": Goldman Sachs began to pay attention to Alibaba.
It was Cai Chongxin, an excellent professional manager with a senior venture capital background who graduated from Yale University, who joined Alibaba, which brought an angel investment of $5 million led by Gao Sheng, and then had the opportunity to enter Sun Zhengyi's field of vision, creating conditions for obtaining more investment later.
Without Cai Chongxin's participation, even if Ma Yun is really an excellent entrepreneur, Alibaba's initial team is really an excellent team, and even if Alibaba's business model is really a successful model (although these have been proved by later success), this intangible advantage is hard to be found in the general level, and it is even harder to get the recognition it deserves. Therefore, it was difficult for the initial Alibaba team to get venture capital. In the same year, Ma Yun and his Alibaba were called Yahoo's largest shareholder and network weathervane.
Then, in 2005, Alibaba was short of money, and Softbank kept burning money, so it spent $654.38 billion plus Yahoo China to tide over the crisis. But 40% of Alibaba's shares are owned by Yahoo. With this $654.38+billion, Taobao and Alipay were hatched. Through the financial crisis in 2008. However, Yahoo had hoped that Ali could help it run Yahoo China. As a result, Alibaba paid little attention to it, and then Yahoo died in China.