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Chapter 27 A Smart Man Comes

Goldman Sachs.

This company is recognized as the world's largest investment bank, with the oldest history, largest asset scale, and widest business scope.

Its Asia-Pacific regional headquarters is located in Hong Kong, and it began to enter the mainland in the 1990s. With its "international advanced experience", it has left unforgettable lessons for many domestic companies.

As for the colleagues, they probably can only watch and learn with envy, while secretly cheering in their hearts: What a fast knife technique, it turns out that leeks can be cut like this!

Goldman Sachs is indeed special. There are various true and false stories about this company circulating on the Chinese Internet. In many contexts, it is synonymous with "Wall Street" and "international capital".

With such a big background, Lin Yi naturally had to meet him, and he met with his senior sister together, so he was given the highest courtesy.

Liu Qing has an oval face and big eyes. She is not a beauty, but she gives off a shrewd look.

She had the look of an investment banking elite. She shook hands with the two of them gracefully and praised Lin Yi in surprise:

"I didn't expect Mr. Lin to be so young. A hero comes from a young age!"

She did not neglect Li Moyan, but looked at her with great admiration: "I didn't expect to meet such a young and outstanding female entrepreneur. Traveling thousands of miles is really a crouching tiger, hidden dragon."

Liu Qing is not like many little girls. Their only social skills for the same sex are to exaggerate the other person's appearance. Instead, they only mention the other person's workplace status and appear very professional.

When they met for the first time, the businessman exchanged a few words as greetings. She handed each of them beautifully printed business cards and simply introduced herself:

"Liu Qing, managing director of Goldman Sachs Asia Pacific, you can call me Jean."

The investment banking industry itself came from here, so some concepts were copied exactly as they were.

For example, the exaggerated title system, that is, titles. These titles are not the same as what people hear every day, and laypeople are easily fooled when they see them for the first time.

For example, the so-called VP means vice president, which sounds like a big leader in the company. In an investment bank, he is at most a junior cadre.

Liu Qing, the so-called managing director, usually abbreviated as md in English, is a level in investment banks, not a position.

This level can mean that you travel first class, stay in five-star hotels, have a super gold collar with an annual income of more than seven figures, and the unit is US dollars.

But to say that he is an "executive" of Goldman Sachs is completely meaningless, and Liu Qing would never call himself that.

Of course, Lin Yi knew very well that this woman's identity was actually more than that.

In addition to her background in Goldman Sachs, her most important identity is that she is the daughter of the famous patriotic industrialist Yoo Tae-san. Three generations of her family have never forgotten their original aspirations and are honored by netizens as the "Loyal Family."

After Liu Qingp graduated from college, because her father refused to let her join the Taishan Group to take over, she went to the United States to study abroad, studying at Harvard University.

After graduation, she went to Goldman Sachs for an internship and passed 12 rounds of interviews. She got an extremely precious recruitment spot in the off-season environment of the industry that year.

The above are the best reflections of her excellent personal qualities and unremitting fighting spirit, and have nothing to do with her family.

Regardless of whether others believe it or not, Lin Yi believed it anyway.

Since Liu Qing did not take the initiative to mention his family background, Lin Yi pretended not to know and just asked politely:

"I would like to ask Mr. Liu, who came to this small temple in Wanli Travel today, to ask us for any advice?"

"Advice is out of the question."

Liu Qing showed a well-placed smile, "First of all, I would like to congratulate you two. I just learned about Wanli Travel's acquisition of Dahuangfeng Taxi. You are very remarkable for being able to achieve such results under the noses of Dudu and Kuaidu.

"

"After this acquisition, Wanli Travel has become an important player of the same order of magnitude as Dudu and Kuadu. It has attracted market attention and the attention of the entire industry. It cannot but be said to be a major victory."

Lin Yi didn't say anything modest. This guy obviously had more to say.

.

"In addition to congratulations, today I have brought some industry insights and opinions that I hope to share with you, as well as a small suggestion."

"Wanli Travel spent a lot of money to acquire Dahuangfeng Taxi. I believe both of them have realized that there is no future for each other in this industry, and cooperation is the only way out."

When she said this, she paused and observed the expressions of the two people opposite her. The senior sister said nothing, and Lin Yize answered: "I wonder when Goldman Sachs also started to engage in venture capital business?"

"Strictly speaking, Goldman Sachs does not intend to directly participate in venture capital, especially early-stage venture capital projects with great uncertainty."

Liu Qing gave the two people some serious information: "Goldman Sachs has also noticed the prosperity of the primary market in recent years. Our advantage is that we have a huge amount of capital and rich capital operation experience, which is fundamentally different from ordinary venture capital institutions.

.”

"We prefer to look for industry opportunities with huge potential but greater certainty, help companies give them a pair of wings before they take off, and collect reasonable remuneration in the process of assistance."

The way investment banks make money is still very different from that of venture capital.

It sounds tempting to invest 20 million and get 100 times the income in 10 years, but it is very likely that the funding period will not match that long.

In addition, if you have to spend an investment budget of 20 billion a year, then a 20 million project will not be considered.

Otherwise, how to manage 1,000 projects?

These have nothing to do with Lin Yi and Li Moyan. Liu Qing just mentioned them briefly, focusing on the taxi-hailing industry.

"Let me put it this way, the two of you, Goldman Sachs and myself, have been paying attention to the development of this industry since the emergence of taxi-hailing software in the United States."

"This market requires a large amount of initial investment to cultivate. Professionals have calculated that it will cost approximately US$2 billion to form a sizable and profitable market."

"But who can bear such a huge cost?"

"Goldman Sachs can."

"Because we believe that this industry will have great potential and prospects in the future, these costs are worth it, and we can see the returns."

2 billion US dollars is such a big pie!

Lin Yi knew the truth and asked: "What does Mr. Liu mean, is he hoping to invest in our thousands of miles of travel?"

"Yes and no."

Liu Qing said: "I just said that Goldman Sachs is very optimistic about the development of the ride-hailing industry, but the industry structure is still unclear at this stage."

"I also said that Goldman Sachs is not a venture capital company. We have no way of judging which company may win, and we don't want to make this judgment."

Lin Yi was amused by this sentence because he remembered a famous saying:

They help whoever wins.

It can be heard that maybe because it was just the first time for everyone to meet, Liu Qing still had a lot of reservations in his words and was not completely honest.

"I guess Dudu and Kuaidu must have inspected it before Mr. Liu came to see us, right?"

Liu Qingliang showed an appreciative smile: "When I came here, I kept thinking about how such a young partner like you could dominate the market. Now it seems that you two are really smart."

This is actually an admission.

Lin Yi did not accept this sugar rain bomb. He was chatting and laughing with Liu Qing here, but he was determined not to cooperate with the other party.

He knew very well that he was not the other party's first partner, at best he was a spare tire, and the pie painted by Goldman Sachs was not that delicious.

If Lin Yi remembered correctly, Liu Qing's last choice didn't get the cake either.

What's more, if you take money from Goldman Sachs, you will be stabbed in the spine.


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