#实话实说#
Some time ago, the news that Alipay has become a company without an actual controller has caused everyone to discuss.
The people who eat melons sighed that Boss Ma "lost his feet" and lost the Alipay he created.
In fact, netizens misunderstood, Ma Yun is still one of the shareholders of Ant Group, but his voice has declined.
Moreover, Boss Ma may not care at all, after all, he himself has announced that he has retired from Ali.
What everyone doesn't know is that Jack Ma has already invested deeply in the Indian Internet, and it is not too much to say that he has bought half of the Indian Internet.
Ordinary people go to square dance after retirement, and Ma Yun wants to go to India to "exert his residual heat" after retirement?
Star chasing chased India's largest IPO
Jack Ma's fate with India began in 2011. At that time, the high-spirited Boss Ma was giving lectures all over the world.
When I came to India, Alipay's equity battle was in full swing, and Alibaba and Yahoo were almost tearing their faces.
Jack Ma may really want to find someone to talk to him, so he emotionally shared his concept of founding Alipay with the Indian audience.
Unexpectedly, a young fan in the audience was deeply touched and made up his mind to create an Indian version of Alipay to pay tribute to his idol.
The entrepreneur's name is Sharma, and a year later he really made Paytm based on Alipay.
Alipay's success was to meet the transaction needs of Taobao users, but there was no similar soil in India at that time.
Unwilling to give up, Sharma came to China in 2014 to meet Jack Ma, not only successfully chasing stars, but also getting an investment of 600 million US dollars.
Everything is ready, just wait for the east wind. In 2016, the Indian government introduced a ban on high-denomination banknotes, which led to a surge in Paytm downloads and usage.
Five years later, Paytm is the largest IPO in India's history at a valuation of $2.2 billion.
As its largest shareholder, Ant Group holds nearly 30% of the shares, making a big chunk of its mobile payment landscape.
Boss Ma successfully fought a battle, and since then there has been a good story of "passing on the entrepreneurial dream from generation to generation" in the rivers and lakes.
Alibaba's in-depth layout of the Indian Internet
During Modi's first term, Chinese Internet companies were still very enthusiastic about investing in India.
Smartphone brands represented by Xiaomi rushed to the forefront, followed by Tencent and Alibaba.
Ant Group has set up a 7 billion yuan investment fund, mainly to invest in start-ups in India, Southeast Asia and other places.
Why should such a fund be set up in particular?
Because around 2018, the pattern of China's Internet industry has basically stabilized, and various sub-sectors have touched the ceiling.
Every big factory needs to open up a new battlefield and go to other countries where the mobile Internet has not yet taken shape.
India, a neighboring country with a large population base, a large number of young people, and a low smartphone penetration rate, is the best choice.
Therefore, Ant Group can be described as an "all-army attack" in India, not only investing in Alipay in India, but also investing in Zomato, Meituan,
Online grocery store BigBasket, etc.
Daddy Ma waved his hand and bought and bought! China once ridiculed him for buying half of India's Internet.
But that's India, the tragic experience of millet next door is still vivid, will Modi let go of this giant ant?
Indian government urgently halts 'speculative takeovers'
We have heard too many stories of "cut meat" in India.
Especially after 2019, with the failure of India's land reform, Modi urgently needs to show a strong record in his second term.
So, the sharpened butcher's knife swung at the "foreign fat sheep".
You must know that "slaughtering foreign capital" in India is a profitable business. On the one hand, it can win the votes of domestic nationalists, and on the other hand, it can replenish the government's funds.
Anyway, when this batch of foreign capital is gone, there will be new foreign capital coming to the "dividend" of the Indian market.
In the past, India's conventional measures were mainly to raise taxes sharply, freeze bank deposits, and find a reason to impose fines.
But watching Jack Ma buy a lot in India, the Indian government developed a new "cooking method" "overnight".
In April 2020, India began implementing a new version of foreign investment regulations, which requires approval from an official agency if an equity investment is deemed to be a "speculative acquisition" by the government and wants to continue working with foreign investors.
This regulation directly broke the blood bar of "Indian Meituan" Zomato, and the $100 million that had been negotiated could not be invested.
Everyone knows that Internet companies need to "burn money" in the initial stage, and the Indian government's toss is equivalent to cutting off its own meridians.
I have always felt that India's moves are very similar to the "Seven Wounds Fist" of the Kongtong faction, the so-called seven wounds, in fact, it is to hurt oneself first, and then hurt the enemy.
Although I don't really understand why they are doing this, after so many years, India is still staggering forward.
Unlike Lei Jun, who invested real money in India to set up a business, Ma Yun's burden is obviously much lighter.
In 2023, Jack Ma and Alibaba Group will sell a total of about 10.3% of Paytm's shares, which is widely interpreted as "ready to withdraw from India".
I believe that with the shrewdness of Boss Israel, if there is a good project in India, he is still very willing to invest money, but he will definitely not set up a physical enterprise in person.
However, no matter which country it is, it is necessary to be wary of this kind of money that only circulates in the financial system and does not enter the real economy.
Write at the end:
In the past ten years, Ma Yun's reputation has changed from "entrepreneurial mentor" to "cold-blooded capitalist".
I don't know if he has changed, or if we have changed.