Chapter 1372 - Same Motives
Chapter 1372 – Same Motives
Less than three days later, Softbank announced that Wind and Rain Holding’s President and CEO, Kameda Masao, had become their director. This announcement pushed up the share prices of Softbank’s listed companies.
Feng Yu is wondering what Sun Zhengyi’s motive is. Is he using Kameda Masao to get in touch with Feng Yu and stimulate his companies’ share prices?
But this person is Sun Zhengyi, also known as the No. 1 IT investor globally. This should not be so simple.
Soon, Feng Yu knows what is going on. Sun Zhengyi or Softbank’s other shareholders do have other motives.
“What did you say? Yahoo China wants to work with Google to open China’s market?”
Yahoo, the former world’s no.1 web portal, had expanded too fast, forming a monopoly. They were forced to break up into several companies.
Yahoo China is one of them.
Currently, Yahoo China is sharing the Chinese market with Sina, Netease, Sohu, and others, but they have the biggest market resource.
They have the best news sources, mailbox, forums, or other web portal products, but it is not enough. Sun Zhengyi and his shareholders want Yahoo to become China’s No.1 web portal. They want to be the No.1 website of China.
Softbank is one of the major shareholders of Yahoo, and it is one of their most successful investments. Their return is more than 100 times their initial investment.
Due to the dot.com bubble, Yahoo’s market value fell significantly, but Softbank is still getting high returns. They planned to invest in China’s IT companies, but most of the IT companies were snatched away by Feng Yu.
Softbank still managed to invest in some Chinese IT companies, but the dot.com bubble burst before getting them listed. They sold away some of the companies to recover the cost, and some went bankrupt.
Sun Zhengyi and his shareholders were frustrated when they saw the companies like Sina, Netease, Sohu, etc., did very well. These companies profited when they got listed in the US, and after they got delisted, they got listed in Hong Kong. Their share prices also soared.
If Softbank could invest in these companies, their market value will continue to rise, and Sun Zhengyi’s assets will increase further.
More importantly, Softbank will have control over the Chinese web portals, and they don’t need to use Yahoo to compete with them.
Sun Zhengyi wants to compete with Feng Yu again. Yahoo China will trample all over your portals!
The Government controls the majority of China’s traditional marketing resources. It is difficult for Softbank to sway the public’s opinion through this channel. But the internet is different. China’s laws on the internet are vague. They can manipulate the public’s opinion through it and gain monetary and even political benefits.
They believe Kameda Masao should have some influence in China, given the relationship between Wind and Rain Holding and Tai Hua holdings. They had offered many attractive terms for him, like selling some Yahoo shares to him, increasing his family’s status in Japan, etc.
Softbank also wants to bring Japanese clothing brands into the Chinese market. They wish to work with Tai Hua Supermarket, as their previous requests were rejected. They need Kameda Masao’s help.
They also hope Kameda Masao can help them open up the Chinese market for Japanese PCs, software, telecommunications, etc.
Sun Zhengyi thought Kameda Masao is Japanese and will surely be on his side. Even if he is indecisive, he will give in because of the attractive offers.
But Sun Zhengyi did not expect Kameda Masao to be so loyal to Feng Yu. When he was down many years ago, no Japanese helped him. It was Feng Yu who helped him, and Sun Zhengyi had thought nothing about the benefits Feng Yu gave him. Kameda Masao knows clearly that he can get much more when those subsidiaries got listed.
So, Kameda Masao became a traitor!
Kameda Masao told Feng Yu about Softbank’s plan and is willing to find out more. He is not anxious about his family’s status in Japan. He felt Sun Zhengyi and his shareholders are no match for Feng Yu.
Feng Yu realized that Softbank uses Kameda Masao to enter the Chinese market and has plans to attack the US market.
Feng Yu also wants to use Kameda Masao to gather Softbank’s intel and use the info to acquire their market.
Feng Yu called Wang Zhixi and the rest first to inform them about Softbank’s plans. After that, he called Liu Zhixuan and the rest to start their plans to enter the Japanese market.
The Japanese market is very difficult to enter, even for the electronic brands from the West. This is because Japanese home appliances are the best in the world.
In Feng Yu’s previous life, Lenovo’s market share in Japan is very low even after they become the biggest PC manufacturer in the world. Another market that is difficult to penetrate is the Korean market.
Feng Yu believes it will be different in this life. The Japanese know AIWA is a subsidiary of Wind and Rain Holdings, but they are still the No.1 music player brand and own the biggest market share.
Since AIWA can do it, Lenovo, Wind and Rain Brand, etc., can also do it. At the minimum, Feng Yu can let Aiwa enter the Japanese market. Aiwa is only the Chinese pronunciation and version of AIWA.
Softbank wants to enter the Chinese market, and Feng Yu also want to enter the Japanese market and other regions controlled by them. Let’s see who will emerge as the winner.
As Sun Zhengyi and his shareholders dreamed of winning against Feng Yu and controlling the Chinese market, a plot targeting Softbank started.
Softbank, one of the world’s top investment companies, will suffer a heavy blow because of this incident. And all these are because of the independent outside director, Kameda Masao, they hired.