A Single Chapter Explaining the Latest Plot

I'm really speechless. I didn't expect that it's already 2024, and there are still so many people who don't know about Tencent's financing history. Or maybe it's just because it's been so long that many people born after 2000 don't know?

I think the protagonist holds more than 40% of the shares, so why say 60% is outrageous? It’s impossible for someone with such a high shareholding not to know how much shares MIH holds in reality?

In Tencent's first round, or angel round, Yingke and idg each provided US$1.1 million, for a total of US$2.2 million in exchange for 40% of the shares. The second round was MIH, which is the South African newspaper industry. In this round, MIH not only bought equity from Yingke and IDG, but also invested money in Tencent, spending a total of US$32 million. The only time Li Huanggua's son Li Zekai was criticized for being sold by him was when he sold 20% of his shares for RMB 12.6 million to MIH in June 2001. At this time, MIH's shareholding reached 46.4%. .

In the next two years, mih acquired shares from the entrepreneurial team, and its shareholding once exceeded 50%. Not everyone has a long-term vision. Some people in Tencent’s entrepreneurial team have already sold their equity.

In 2003, when Tencent was seeking to be listed on the Hong Kong stock market, the entrepreneurial team headed by Xiao Ma Ge recovered all the shares from idg, but less than 50%, so they went to negotiate with mih and repurchased part of the shares from mih. As of August 2003, after repurchase, the entrepreneurial team collectively held 50% of the shares, and MIH alone held 50%.

After the Hong Kong stock market was listed, mih's equity was reduced to 36%, but it was also the largest shareholder.

Writing this involves spoilers. Before the listing, Brother Ma will definitely come back to the protagonist to buy back a certain amount of shares.

It is said that resources must be provided to attract investors, otherwise they will not be needed. Can we not look at 20 years ago from the current perspective? Apart from money, mih has no connections or connections in the country. All it provides from the beginning to the end is money. In the Internet winter period, giving money is already the greatest help.

It's obviously something that happened in reality, and it's clearly stated here, but in the end, some people say that the protagonist is delusional. The first few years after the birth of the Internet were originally years of miracles. Even Xiao Ma himself never thought that Tencent could develop to such a height, because he has repeatedly reduced his stock holdings after going public. Judging from the current stock price, Underweight at very low levels. Those who followed him to start a business had already sold their shares before going public. Do you really think that everyone has the vision of a time traveler?

And it’s not that Tencent didn’t have enemies back then. It was because it had money to burn that it wiped out all other communication software, leaving only QQ as the dominant one. I don’t know how many Internet startups died during the cold winter, and it was difficult to survive. How could Brother Ma have the confidence to deal with investors?

Here’s another one posted by Xiao Ma himself. Tencent spent a total of US$6.2 million from its first financing to listing.

I have already laid out the facts and truth clearly, and if I ridicule you again, it will be really "very clever"!