Ali is becoming an investment company


Time:

2023-06-26

Key words:

Pigments

In 1999, Ma Yun founded Alibaba with 18 other partners from different backgrounds. However, at the beginning of its establishment, Ali was poor and poor. The big short board was that there was no investment. After joining, Cai Chongxin, a former Goldman Sachs executive, successfully realized the financing with the help of his own contacts, helping Ali to obtain a round of $5 million in financing on December 1, 1999. The investment is led by Goldman Sachs.

Many people think that without Cai Chongxin, Alibaba may not survive the Internet bubble at the turn of the century, let alone become a company for 102 years.

As a fund-raising expert, Cai Chongxin is widely called Alibaba's God of Wealth. To describe Cai Chongxin simply, it is "to get a capital increase and play with investment."

Looking back on Alibaba's entrepreneurial process, Cai Chongxin has operated a total of four capital increases. Almost every time I turn the tide.

Ali's first financing was only obtained by relying on Cai Chongxin.

In 1999, Ma Yun founded Alibaba with 18 other partners from different backgrounds. However, at the beginning of its establishment, Ali was poor and destitute. His short board was that he had no investment.

After joining, Cai Chongxin, a former Goldman Sachs executive, successfully realized the financing with the help of his own contacts, helping Ali to obtain a round of $5 million in financing on December 1, 1999. The investment is led by Goldman Sachs.

What is not known is that Alibaba's company registration, early management structure, and capital structure were almost all built by Cai Chongxin.