After picking up the rhythm, the name "YW·Zheng" quickly spread around the world.
Even Lehman Brothers Group jumped on the bandwagon and contacted Zheng Yongwen to offer him an annual salary of millions of dollars, as well as additional performance commissions, and also promised him to build a new fund operation team tailored to his needs.
Needless to say, the benefits of having a star speculator, such as Soros's Quantum Fund, even though the old man has started to retire since the Southeast Asian financial crisis, the investors of Quantum Fund are full of expectations and confidence, hoping that he can seize it again
The next opportunity for speculation is just like when the old man shorted Mexico and the United Kingdom.
Zheng Yongwen definitely doesn't have the ability to raise tens of billions of dollars in international hot capital with just a single call.
However, the hottest investment topic right now is the collapse of the Nasdaq Index. In just two weeks and ten trading days, the total decline of the Nasdaq Index has expanded by at least 18%.
.87%, which is about to fall below the 4,000-point mark.
Even the most optimistic investors have begun to fall into panic. The first and second batch of institutions and retail investors trying to buy the bottom have been trapped by the market.
In order to hold up Yanwen Group's share price and prevent malicious short selling, Su Yehao approved a stock repurchase plan with a total scale of US$50 million at the board of directors.
Having more money or less is not the point. The point is that releasing oneself to the outside world will preserve the attitude of Yanwen Group. Chief operating officer John Zhou even hinted that it might be privatized and delisted when the stock price is right.
This has indeed succeeded in scaring away many short sellers. After all, everyone now knows that Su Yehao is really rich.
Others fell to the point of crying, but for him, risks turned into opportunities, and he made nearly 2 billion US dollars in two weeks.
Coupled with Yanmoji Group's saucy operation, "at the suggestion of Zheng Yongwen" he bought a fund that shorted the Nasdaq index to hedge, which was equivalent to adding several more layers of anti-falling net to its stock price.
Although the short-selling fund only helped Yanmoji Group earn more than 100 million U.S. dollars, which was far less astonishing than the profit after adding leverage, it successfully reduced the share price of Yanmoji Group by two to three billion U.S. dollars, with a total decline of only 8.2% in the past two weeks.
, it is already considered to be a standout among Silicon Valley companies.
This makes Su Yehao relieved that he is successful. At least he is still a member of the billionaire club, while many wealthy people in the technology industry have seen their assets shrink severely.
In particular, many start-up companies and major shareholders of listed companies are short of cash flow. Some of them have lost their value rapidly and even face bankruptcy.
Because the market was too hot before, many companies were waiting for prices to be sold, and were not in a hurry to raise external financing, and spent money lavishly.
The cold winter has just arrived, and these companies are the first to freeze.
As for Google controlled by Su Yehao, the partners who previously financed it not only did not regret it, but were gearing up. They jointly suggested that Su Yehao should take advantage of Yahoo's decline and not continue to suppress Google for the time being, and seize the opportunity to seize more market share.
This group of powerful venture capital institutions are now just taking back part of their profits and still making a lot of money. In the midst of a crisis, they have taken a long-term view instead of worrying about short-term gains and losses.
all in all.
The impact of the collapse of the Nasdaq bubble on Su Yehao was far less pessimistic than he had imagined, and countless startups in the technology industry were trying to seek investment from him.
Companies that were previously valued at one billion U.S. dollars can now negotiate for financing with a valuation of five to six billion U.S. dollars. Entrepreneurs who were previously arrogant are now being rejected by venture capital institutions.
The situation in the financing market is far more tragic than the stock market, and the entire circle is falling in panic.
It can be said that as long as Su Yehao is willing, he can almost choose the start-up companies on the market, and other powerful large companies are also waiting and watching.
Behind every financial crisis, there is a reshuffle of big fish eating small fish. It is obviously not the best time to take action now.
[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.]
So... Su Yehao is in trouble again.
On March 24, 2000, he accompanied his father to Pengcheng, along with Wong Tai Sin, who had just received the check and was glowing.
It's a pity that Su Yehao is not allowed to leak the news about helping to choose the date, but having a check of one million Hong Kong dollars nearby is enough to make Wong Tai Sin forget this little trouble.
At the Sihai International Cultural and Tourism City on the edge of Pengcheng Bay, taking advantage of the good weather, people burned incense and set whips to worship pig heads. Su Yehao accompanied them and used shovels to break ground to celebrate the start of construction.
The construction started this time is for a five-star hotel.
According to the content of the planned project, it is estimated that the total cost will be one billion yuan to build a luxury hotel with a construction area of 200,000 square meters, 1,400 guest rooms, plus halls, banquet halls, conference rooms, etc. The area of each room
At least more than 40 square meters.
Su Yehao read through the information and asked his father: "This place is so busy now. Are you sure you can build the hotel in advance to make back the money? It's actually a five-star hotel. You should cover it up and wait for its popularity."
Let’s start work again when it gets prosperous.”
Father Su has just received local acquaintances. He has been coming to Pengcheng frequently in the past two years. Everyone has already become familiar with each other, so there is no need to be polite.
Hearing Su Yehao's question, he smiled and replied:
"You don't understand this. Other hotels in the surrounding area are so expensive. My hotel focuses on five-star service and four-star prices. It will only cost three to four hundred yuan for a night's stay, whether it is a business reception or a banquet.
They are all very high-end and pay attention to small profits but quick turnover, so business is definitely not bad.”
"...Okay, are there any problems with funds?"
"What's the problem? Everyone knows that you are rich, son. Banks are rushing to lend me money. Just mind your own business. The Industrial and Commercial Bank of China just gave me a box of century-old wild ginseng and asked whether it can complete its performance in the first half of this year.
, it’s up to us two.”
Hear the words.
Su Yehao felt that his old man was a bit bloated. For example, this hotel with a construction area of 200,000 square meters was not originally included in the planning of this cultural tourism city.
You don't need to guess what is the source of his father's confidence.
Anyway, with his own son helping to take care of things, and the economic development momentum in the mainland being really good, Sihai International has recently let loose and plans to acquire land to build a cultural tourism city near the river in Pudong.
The Shanghai Stock Exchange took the initiative to mention that it understands the difficulty of Sihai International being too busy, so it can first obtain land for planning and relax the construction cycle appropriately.
This approach is obviously because they are worried that the Su family is unwilling to invest and want to occupy the pit first to prevent the third cultural tourism city from being built elsewhere.
Different from the high profile in the future, now all places are counting on selling land to make money and revitalize the economy.
The local developers are obviously not as wealthy as Sihai International. The funds brought in by one project are worth twenty ordinary projects. This makes Mr. Su particularly popular and he enjoys himself wherever he goes.
Using paper to wipe the dirt-stained leather shoes, Mr. Su changed the subject and told:
"Last time you lent me three billion Hong Kong dollars, your mother and I discussed it and arranged it with a lawyer. This money will be used as your financing. Sihai International has high liabilities and high risks, and its net assets price of seven billion Hong Kong dollars is reasonable.
, in this way, we can take the opportunity to transfer 30% of the equity to your name, what do you think?"
"Whatever you arrange, I don't care."
Su Yehao wanted to be polite, but his father was poked at a sore spot, and he suddenly sighed and said:
"Son, you have grown up and are rich, so you don't like my small business, right? You were not like this before. You could get so happy that you could walk around me with tens of thousands of pocket money.
, a good daddy in one mouthful.”
"..."
Su Yehao gave his father a blank look and couldn't continue.
Worried that the middle-aged man would be hit, he had no choice but to explain:
"I want it very much, okay? Don't look at it. It's just land now. When several cultural tourism cities and commercial complexes are built, it's very possible that the market value will be hundreds of billions in ten years. I'm charging ahead, Dad, your
Industry is the anchor of our family. Because you helped me take care of everything, I was able to achieve today's results without any worries, so Sihai International is very important."