Twenty years ago, Sun Zhengyi invested in Ali, and the investment of $20 million was finalized in six minutes. When it went public, it became $58 billion, with a profit of 2900 times. This story is regarded as a legend by China Internet circle, and Masayoshi Son himself has become the title of "investment master". By the end of 1999, before the Internet bubble was punctured, Masayoshi Son successfully replaced Bill Gates as the richest man in the world for three days.

In 20 17, Sun Zhengyi set up Softbank Vision Fund, and he was ambitious to invest in the next Ali, with a capital of10 billion dollars, which made the global venture capital institutions feel ashamed. However, after Ali, Masayoshi Son and Softbank have never made a particularly successful investment. After Uber went public in May last year, Sun Zhengyi bluntly found the feeling of investing in Ali.

Sun Zhengyi never imagined that from that moment on, he ushered in the most difficult moment in his 40 years of entrepreneurship. Softbank spent $654.38+0.5 billion to buy 80% shares in WeWork, which is now worth less than $8 billion. In 20 18, Softbank acquired Uber 15% for $7.7 billion, but now its market value is only $5 10 billion, which is more than half of the previous valuation of12 billion.

According to the statistics of relevant analysts, Japan's Softbank owes huge debts, and Softbank needs to pay interest as high as 300 million yuan every day. Coincidentally, in the past 20 years, Ali earned more than $654.38+07 billion for his son, accounting for 80% of his investment income, which may become a lifeline for his son.