Speaking of Masayoshi Son This person may be many Chinese people know about Ma Yun 's entrepreneurial history. It was Masayoshi Son's $20 million investment that made Jack Ma and Alibaba . Injecting Alibaba is undoubtedly one of the most successful investments in Masayoshi Son's life. The $20 million has brought $24 billion in return to Masayoshi Son. Today, the prosperity of online shopping in China started from this. This is certainly a rare legend, but how big is Son's business empire except investing in Alibaba?
Sun Masayoshi claims to be a descendant of Sun Wu , a famous military theorist in the Spring and Autumn Period of China and the author of "Sun Tzu's Art of War ". It is said that "the shopping mall is like a battlefield" - I don't know if Masayoshi Son's strategy in the shopping mall was influenced by "The Art of War". According to legend, the Sun family moved from Putian, Fujian to the Korean Peninsula during the Southern and Northern Dynasties in China. In the following 1,500 years, the Sun family had been assimilated into North Koreans. During the Japanese colonization of the Korean Peninsula, Sun Zhongqing, the grandfather of Son Masayoshi, led his family to Tosu City, Saga Prefecture, Kyushu Island, Japan from today's South Korea.
August 11, Masayoshi Son was born in such a family that integrates the culture of the Three Kingdoms of East Asia. At that time, the Sun family was not a formal Japanese citizen, but a Korean expatriate living in Japan. After spending his teenage years in Japan, Son entered the UC Berkeley at the age of 18. Masayoshi Son earned about $1 million in his first pot of gold by selling video games in his first year in college in the United States. Please note that this was in the late 1970s. If you refer to the prices that year, you can roughly guess what the concept of $1 million was at that time.
In the late 1970s, a college student earned $1 million by selling games. Thinking back on what we did when we were studying ourselves? Could it be that this is the legendary child of someone else’s family? Even if a college student can earn $1 million today, it will not be easy. This time, Masayoshi Son showed his first appearance in the mall. When Son was in his sophomore year, he used the resources of the famous US jet propulsion laboratory to earn his second $1 million by selling the patent of a pocket voice translator. If Masayoshi Son's achievements are only here, it is not enough to leave his name in the history of world business.
Sun returned to Japan after graduating from university and founded SoftBank Group with the $1 million you earned by selling games. Within half a year, Masayoshi Son successfully persuaded bigwigs like Toshiba and Fujitsu to invest in his own SoftBank, but he soon encountered the first major setback after starting a business. After SoftBank won the investment of bigwigs like Toshiba and Fujitsu, it suffered losses due to poor management of , but Masayoshi Son returned the original investment funds of the consortium a year later. Masayoshi Son took on all the responsibility for all losses and won the admiration of his predecessors. SoftBank's reputation has since become famous and laid the credit foundation for Son's career.
Thereafter, Masayoshi Son took 1 and a half years to conduct a series of market surveys on 40 industries. During this period, he also visited all kinds of people and read many books and materials. On this basis, he prepared the estimated profit and loss balance table for ten years, balance sheet , capital turnover table and organization chart , and also produced different forms of organization chart according to different timings. He compared the results with the checklist to determine whether these are suitable for his career to devote his life. 1991 Masayoshi Son officially became a Japanese citizen with his successful career.
1994 37-year-old Masayoshi Son successfully listed in Japan with SoftBank. At this time, his net worth had reached $1 billion. In 1995, Masayoshi Son gained a new understanding of the Internet after coming into contact with Yahoo, so he invested $2 million in Yahoo with a wave of his hand. This allowed him to hold a 33% stake in Yahoo. After Yahoo went public, Masayoshi Son took out 2% of shares and to cash out and earned $400 million. In 1999, Masayoshi Son met Jack Ma, 35.At this time, Jack Ma was just a down-and-out Internet entrepreneur with , and Masayoshi Son has long been a world-renowned investor.
At that time, no one would have thought that two people with a huge difference in identity and status would have had a 6-minute conversation with each other. changed each other's lives and also changed the shopping and payment habits of a country. On February 20, 1999, Jack Ma gathered 17 friends at his home in Hupan Garden Community, Hangzhou. When he started his business, his friends were not optimistic about him. After its establishment, Alibaba Company could not even pay its salary for half a year. At that time, Jack Ma searched all the bigwigs in the Internet field and hoped to gain investment for his company. Lenovo Group founder Liu Chuanzhi , Kingsoft Chairman Lei Jun , these people refused Jack Ma without hesitation.
1999 After the founding of the SoftBank Foundation in China, Son began to look for suitable investment projects. Jack Ma met Masayoshi Son through an introduction. Jack Ma, who has been rejected many times, has no hope of winning investment this time. Jack Ma actually met Masayoshi Son with the attitude of learning how to do business. Jack Ma did not even bring a business plan or a suit during this meeting. Jack Ma briefly told Masayoshi Son what his company should do and his idea of building a business empire. Jack Ma, who did not expect that this meeting would create a business legend that will amaze the whole world in the future.
2014 Ali After the listing of Alibaba , Masayoshi Son once surpassed the previous richest man in the world Bill ·Gates. Injecting investment in Alibaba is indeed one of the most successful investments of Masayoshi Son, but it is not just Alibaba that invests in the company. Son's SoftBank Group has a SoftBank Vision Fund, which is one of the largest equity investment funds in the world today. Since its establishment, SoftBank Vision Fund has invested in the Internet unicorn enterprise worldwide through large-scale, fast, accurate and ruthless investment methods. After 2016, SoftBank Vision Fund's asset size has reached US$100 billion.
2016, Masayoshi Son's SoftBank Group acquired semiconductor technology design tycoon ARM. Among the companies invested by Masayoshi Son, in addition to Alibaba, there are also well-known Zhongan Insurance , ByteDance, Ping An Good Doctor, Didi Travel, Sina , NetEase, Ctrip ... In addition to these Chinese companies, Masayoshi Son has also invested in US business communication platforms, US e-commerce platforms, and Indian e-commerce platforms... The total market value of these companies has exceeded US$1 trillion. There are only 18 of the more than 200 countries and regions in the world today whose total economic output exceeds US$1 trillion. People like Masayoshi Son are so-called wealth that can rival a country.
