I continued to rest in September and took the time to take Yin Liuli to Guangzhou to inspect the cement factory my father had just acquired and the land acquired at a cost of 1.9 billion. It was barely considered a trip.
It was not until October that Su Yehao left. He first went to Tokyo to visit Nong Qingying, and then went to Silicon Valley to handle some business matters in person.
When ICQ and TVT have developed to a certain stage, how to find a stable monetization model has become an issue that must be considered.
With fixed expenses of more than 10 million US dollars per month, and other large expenditures from time to time, Su Yehao still feels a bit of pain even if he has a little money. Judging from the scale of users and market size, there is indeed hope to achieve a virtuous cycle. This
This is the mission of Su Yehao's trip.
Time flies when you are busy.
In the blink of an eye, October was over. Su Yehao stayed in Silicon Valley to spend an authentic Halloween with Xiao Nizi who came here.
Nong Qingying is over there.
The negotiation with Procter & Gamble went relatively smoothly. This company did not value SK2. It learned that someone wanted to acquire it and offered $50 million.
[To be honest, I have been using Yeguo to read and catch up on books recently. I can switch sources and read aloud with many sounds. www. Android and Apple are available.]
After several contacts, the price was negotiated at US$46 million. After all, it was just an unspectacular "grandson company". The market was only concentrated in the mainland, and the Procter & Gamble Group was relatively happy.
Su Yehao thought the price was reasonable, so he agreed to the acquisition plan.
Among them, Nong Qingying held 25% of the shares. She borrowed the money from him first and paid it back when she cashed out her Yahoo shares.
With a mere US$40 million, there is no pressure on Su Yehao.
The stocks on the Nasdaq market went up like crazy. During the negotiations to acquire SK2, the money earned from investment exceeded 100 million U.S. dollars. The signs of a bubble were becoming more and more obvious.
However, Su Yehao has no plans to cash out for the time being, so he still chooses to use Bank of China loans to finance the acquisition of SK2.
In addition, he also loaned 200 million Hong Kong dollars for subsequent expansion plans, and he was responsible for providing guarantees.
Nong Qingying has no background and is still living in Japan for the time being. He has already begun to establish SK2 branches in Hong Kong and the mainland and form a marketing team.
According to Su Yehao's plan, when the number of counters reaches a certain number, he will find beautiful female celebrities to promote, starting from young people, and also using Internet advertising. It is basically "film and television + Internet" to target the next generation of female customer groups.
Nong Qingying followed Su Yehao's suggestion and flew to Shanghai. He planned to open a mainland flagship store on the first floor of Building 18 on the Bund. He did not consider how to make a profit in the short term and focused on marketing the brand.
Su Yehao was worried that Nong Qingying would have revenue pressure, so Su Yehao made it clear from the beginning, and also suggested that she go to South Korea and add more implants into TV dramas.
In this era, foreign monks in the mainland market are fond of chanting sutras.
Movies in Hong Kong are very popular now, and so are Korean TV dramas. They seem to be targeting the Hong Kong and Korean markets, but in fact they are eyeing the skin care products market in the mainland. Su Yehao thinks it may take three to five years to lay out.
Only then can you see the money back.
Accidentally, he became a truly super rich man with a total net worth of more than one billion US dollars. Su Yehao's net worth is in a period of rapid growth and he is not afraid of long-term investment.
In September and October, not only did they make money from the stock market, but as the value of Internet companies increased, the evaluation agency also gave ICQ a latest valuation of about US$600 million. TVT, which claims to have 1.65 million users, is estimated
The value has also risen to about 200 million US dollars.
The so-called "claim" refers to the fact that the number of monthly active users exceeds one million, but the number of weekly active users is actually only more than 800,000, which is an increase of nearly three times compared with the previous quarter.
Stay in Silicon Valley and conduct remote control.
Su Yehao also acquired an apartment building near Kowloon City, all with loft design, ranging in area from 25 square meters to 56 square meters, with a total of more than 900 houses, costing him more than 700 million Hong Kong dollars.
Of course, most of them are loans.
I only spent more than 100 million out of my own pocket to help pay off the developer's debt. After a slight renovation, it can be used to operate a hotel. The office building in Yau Tsim Mong has also begun to design and decorate.
These are the main major events that have happened in the past two months.
There are no major changes in the fundamentals of investment layout, just slight adjustments.
Although Su Yehao is not sure when the bubble in Silicon Valley will burst in the next day, but now with the blessing of the "broadband" concept, the market is booming, so he would be stupid to choose to cash out now.
Not only are valuations and stock prices rising, but housing prices in Silicon Valley are also rising. The house Su Yehao bought just a few months ago has already increased in value by more than two million U.S. dollars, and the supply exceeds demand. Real estate agents often come to ask if there are any.
Who wants to sell their house?
Capital continues to pour in, and the rich in Silicon Valley have become richer. There are many examples of people who have been poor for a long time and suddenly become rich. Some people started a business for more than half a year and then sold the company and cashed out hundreds of millions of dollars.
There are also people who have acquired luxury cars, yachts and villas with a net worth of over 100 million US dollars just by relying on a few patents.
Similar phenomena abound in Silicon Valley in this era, and even the air seems to be filled with the fiery atmosphere of the gold rush era.
Look at Yahoo.
When Su Yehao first invested last year, the total market value was only over a billion US dollars.
Now, Yahoo's total market value has exceeded US$12 billion, and it is said that the board of directors is considering splitting its shares again to increase the liquidity of the stock.
The famous Goldman Sachs helped a company to find Su Yehao and was even willing to pay a 20% premium to the stock price to acquire all Yahoo shares from him.
No need to ask.
Of course, Su Yehao rejected it. He just smiled and shook his head and replied, "I think Yahoo's market value has a chance to exceed 100 billion US dollars."
If it is really worth that much money, calculated based on Su Yehao's shareholding, it would be as high as more than 4 billion US dollars.
It's hard to feel an atmosphere like this when living in a port city.
Su Yehao has been living a very comfortable life recently. Unfortunately, Nangong Tian stayed with him in Silicon Valley for only half a month, and then was called back to the casino by a friend to work as a bridesmaid.
…
November 16, 1998.
At the San Jose Airport in Silicon Valley, a Gulfstream private business jet landed slowly and was towed to the tarmac.
The cabin door opened, and Jiang Yu, carrying a backpack and a white peaked cap on his head, walked out of the cabin.
After saying hello to the flight attendant in English, she stretched comfortably and walked to the Mercedes-Benz supercar parked nearby. The person who came to pick her up was not Su Yehao.
Jiang Yu was a little cautious and said at this moment: "What kind of place is this? You are really bored. You said you were going back to Hong Kong City directly, but you actually arranged a plane to pick me up."
"When you come to the United States, you don't even say hello to me. You'll know by looking at your TAT. As a host, of course I have to entertain you warmly. Is Wharton School fun?"
Su Yehao said with a smile, being able to lure Jiang Yu over without her refusing was a major victory.
Jiang Yu is in her sophomore year. If everything goes well, she will graduate early next year. She wants to continue her studies and has set her sights on the famous Wharton School of Business.
Seven of the top ten business schools in the world are in the United States.
The Wharton Business School that Jiang Yu was interested in was far away in Pennsylvania, and Su Yehao used Stanford University's Business School to lure Jiang Yu over this time.
In the past two months, the two of them have been chatting through TAT from time to time. Through a layer of network, with some ambiguity, their relationship has become closer...