That year Ma Huateng wanted to sell QQ for $1.5 million, Sina said no, the reason is to make people happy!

Any enterprise, in the early stages of entrepreneurship, will encounter a lot of difficulties. L ike Jack Ma, he looked for a lot of investors, but they didn't want to invest. W hen Ma Huateng founded Tencent, he also experienced many setbacks. A ll you know is that Ma Huateng wants to sell QQ1 million to Guangdong Telecom. B ut the other side is too expensive, did not buy the story. I n fact, that year, Ma Huateng also wanted $1.5 million to sell QQ to Sina. And Sina's reason for refusing makes people laugh.

When Ma Huateng encountered a serious financial crisis, he quickly ran out of food. A t this time, although Tencent's profit model is not so clear, but the United States IDG expressed willingness to invest. H ong Kong's PCCW Digital is also bullish on Tencent. B oth investments have also helped Mr Ma weather the crisis for the time being. But then these investments ran out, and when Ma Huateng looked for money again, the investors were afraid that Tencent would not be able to cash in and would not reinvest.

After that, IDG took Ma Huateng and went to larger companies such as Sina to invest. A t first, Sina was interested, but after that, Sina couldn't see Tencent. I n other words, Sina refuses to invest in Tencent. A nd the reason for rejection, now think about it, is simply make people laugh. Because Sina refused the reason, it turned out that the technical staff felt that QQ is too simple, a month can be made.

Having said that, I have to mention Li Ka-shing's son, Li Zekai. W hy mention him, because the above-mentioned Hong Kong PCCW Digital, which is owned by Richard Li. I n 1999, Li Ka-shing's son, Richard Li, once owned 20% of Tencent. B ut in 2001, Mr Li sold 20 per cent of his shares. Y ou know, as of July, Mr Ma sold his $2m stake in Tencent, which he owns, leaving only 8.8 per cent. I f Mr Li had not sold his shares that year, his shares would now be more than double Mr Ma's. If so, Mr Li should not live in the shadow of his father, Li Ka-shing.

But then again, Mr Li is also a benefactor of Ma Huateng. Had it not been for the money he invested, Ma would have had a hard time surviving Tencent's first economic crisis.

In addition to Mr Li, Sina founder Wang Zhidong had hoped to become a major shareholder in Tencent. A fter that, Ma Huateng again encountered a crisis. H e found Sina founder Wang Zhidong again, hoping to sell QQ to each other for $1.5 million. B ut Wang Zhidong felt that QQ this thing, spend 100,000 yuan can be made. Therefore, he is not interested in Ma Huateng's plan to sell QQ.

A lot of things, in fact, are also doomed. J ust like Guangdong Telecom did not buy QQ, Sina did not buy QQ, Li Zekai retired shares, these are life ah. In fact, Ma Huateng, once also had the hope to invest in Alibaba, but he also missed.

In 2003, Taobao was just set up, and Liu Qiangdong's JD.com was just getting started. A t this time, Ma Yun had looked for Ma Huateng, asked him if he wanted to take a 15% stake. B ut Ma Huateng is not particularly bullish on the e-commerce industry. A nd to invest, Ma Huateng wants to be able to account for 50% of the shares. O n this point, Jack Ma can not accept. For a variety of reasons, Ma Huateng met Alibaba lost his arm.

Ma Huateng then invested heavily in Liu Qiangdong's JD.com mall, perhaps to make up for the regret of not investing in Alibaba. Of course, it's also because he's bullish on the e-commerce industry right now.

Imagine if Li Zekai's Tencent shares had not retreated and Ma Huateng had invested in Alibaba, what would the current pattern of the Internet be?