Chapter 309 Tens of billions of mergers and acquisitions, sprouting is short of money?!
After signing the grant application, Zhang Shuo began to think about how to allocate overseas assets.
The initial capital of US$1.5 billion, plus the support fund of US$200 million per month, placed in the international capital market, is just a drop in the ocean and cannot make a big splash.
An inappropriate metaphor.
If this capital is kept unused and the entrepreneurial level is not continuously improved, by January 2022, the accumulated overseas accounts will have a total of US$24.9 billion.
At the same time, Microsoft spent $68.7 billion just to acquire Activision Blizzard.
It's obvious.
Of course, this is not how the accounts are calculated. Excluding the factor of inflation, if the current capital cannot appreciate tenfold or even twentyfold in the next ten years under Zhang Shuo's operation, it will be a complete failure.
It's definitely more than enough to buy Activision Blizzard.
But of course Zhang Shuo’s ambition will not be limited to just Activision Blizzard, but he hopes to build the Dream Fund into the world’s largest private equity fund and investment institution.
Only then can you truly gain the right to speak.
At this stage, Zhang Shuo didn't have any suitable investment targets and didn't have enough funds. He immediately issued the first order on the overseas panel, which was to continue to absorb the liquid stocks of the beautiful country's stock market.
Including but not limited to dozens of star stocks such as Apple, Micro, Asia, Valley, Wo, Qiang, Te, Di, etc. Among them, Tesla, Amazon, Disney and other stocks with the highest price-to-earning ratios are the main ones.
Especially Tesla, which just went public in 2010, has a price-to-earnings ratio of more than a thousand times, and you will make money if you buy it.
If Zhang Shuo's ambition is limited to financial investment and maintaining and increasing the value of assets, then after such a operation, ten years later, he will become the most visionary investor in the world.
Buffett probably can only sigh at himself.
Compared with buying Tesla stock, operations such as buying coins are inferior and the volatility is too high.
………
Prussia.
At the same time that Zhang Shuo issued instructions through the system panel, a financial institution far away in Frankfurt had simultaneously received relevant operation instructions.
This financial institution is called Dream Fund, and it is also the overseas agent of Dream Fund.
The person in charge of the agency is named Howard. He comes from a long-established aristocratic family in Europe. His family has extensive connections throughout the Western world.
Of course I am also very talented.
As the CEO and president of DF, Howard only took office half a month ago and successfully applied for the job through an email. He never met the boss behind the scenes.
The only information that can be found is that Dream Fund has invested in a start-up company in China, Sprout, and holds 33% of the shares of Sprout Group.
After taking office.
Howard is responsible for recruiting personnel, leasing office space, and setting up the framework of DF.
Then there is nothing to do.
It wasn't until yesterday that 1.5 billion US dollars was suddenly transferred to DF's account that it really started to work.
"Stock investment?"
After seeing the instructions sent by the boss behind the scenes via email, Howard, as a professional manager, did not delve into who the boss behind the scenes was, nor did he question the correctness of the instructions.
This kind of saucy operation is actually not uncommon in the financial circle.
As for continuing to absorb U.S. stocks and make long-term "value" investments, that is also the routine operation of some capital giants, and there is nothing to make a fuss about.
Howard's task is to execute instructions, and there is no easier job than this.
Although DF's office is located in Frankfurt, its business is connected to Gangduo Financial City, so it can easily intervene in the global capital market and handle most investment operations.
………
afternoon.
Zhang Shuo didn't know the existence of DF, let alone who Howard was. He was still immersed in work. In the office, he met Roger, the newly appointed vice president of Maili Group and general manager of Daosui Semiconductor.
Lu Kai and Gu Mingzhang are also there.
Just as Zhang Shuo had predicted, the recruitment of Luo Jie went smoothly, and Germination's overseas appeal was no longer what it used to be.
The content of the conversation naturally revolved around the semiconductor industry.
"How many employees are there at Daosui Semiconductor?" Zhang Shuo asked with concern.
"There are only 500 people now, all of whom are talents poached from various companies. By July, 500 new employees will join the company, reaching a scale of 1,000 people."
When Roger left Apple, he also took with him more than thirty Chinese chip engineers.
"Can it support the chip design work of Maili X1?"
"Well, I definitely won't be able to catch up this year." Roger told the truth.
"The chip design of Maili X1 is currently outsourced and self-developed. Most of it is outsourced, and Daosui Semiconductor is only responsible for the core part." Gu Mingzhang continued to explain.
"Step-by-step development is still too slow."
In the past, Germination Group was short of funds and Zhang Shuo had no other ideas. Now that the funds are abundant, he can no longer tolerate this "clumsy" model of starting from scratch and developing step by step.
“Let’s go the route of mergers and acquisitions.”
Zhang Shuo looked at Lu Kai, "Besides HiSilicon, who else is stronger in the domestic chip design field?"
"If you want to acquire, then I recommend Zhanxun Communications or Redeco."
Because he wants to invest in the semiconductor industry, Lu Kai has done enough homework recently. He can't say everything about domestic semiconductor companies, but he at least knows some names.
Zhanxun Communications and Ruidike are engaged in mobile phone communication chip design.
The so-called communication chips mainly include baseband chips and radio frequency chips. The radio frequency chip is responsible for sending and receiving wireless communication signals, and the baseband chip is responsible for digital processing of the signals sent and received by wireless communication.
Both play fundamental and indispensable roles.
Compared with the Snapdragon, Kirin and other mobile application processor chips that consumers are familiar with, the role of communication chips is more like a "behind-the-scenes hero".
Maili X1 plans to use the Snapdragon processor chip. Just now Gu Mingzhang said that Maili Group is responsible for the design of the core part of the mobile phone chip, which is a bit of a whitewash.
The newly established Inaho Semiconductor has no plans to touch the real core processor chip.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! If the application processor chip is the "brain" of the mobile phone, then the communication chip is more like the "ears" and "mouth" of the mobile phone.
Founded in 2004, Ruidike is still a newcomer in the communication chip industry. It is especially good at radio frequency chip design and has launched the "Little Smart" radio frequency chipset with independent intellectual property rights.
Redeco is more of a hardware-oriented company. In addition to making radio frequency chips, it is also the number one supplier of power amplifiers, Bluetooth, FM and DVB-S tuner chips in the domestic market.
In 2010, Ruidike was listed on the beautiful country.
Zhanxun Communications, founded in 2001, is more comprehensive. In addition to making communication chips, it also makes multimedia terminal chips. It is already the number one chip design company in the country.
In 2007, it was listed on the beautiful country.
In 2009, Zhanxun mass-produced the SC6600L baseband chip, which was considered by the industry to be superior to MediaTek's flagship product 6225, but at a lower cost.
In 2010, Zhanxun launched the world's first 2G version of the 3-SIM 3-standby solution and quickly mass-produced it.
In addition, it also developed the world's first 40-nanometer 3G mobile phone chip.
Among the chip design outsourcing companies of Maili X1, there are two companies, Zhanxun and Ruidike.
"Then start the acquisition process."
Zhang Shuoyuan Spacetime has also heard about these two chip design companies. It is not that these two companies are famous, but Yuanshikong was acquired by the semiconductor "giant" Blu-ray Group in 2013 and 2014 respectively.
After Blu-ray Group acquired Zhanxun and Ruidike, it merged the two companies and became China's second largest mobile phone chip design manufacturer after Hayes.
Ironically, a few years later, Blu-ray Group itself became insolvent due to its aggressive investment and acquisition strategy, and faced the embarrassing situation of bankruptcy and reorganization.
It's really sad.
Compared with Blu-ray Group, Daosui Semiconductor has both the business support of Maili Mobile and the financial support of its parent company, Sprout Group. It is not afraid of the capital chain being broken and can burn money more calmly.
But it also reflects from the side that only relying on investment and mergers and acquisitions can make us bigger, but not stronger.
Because it involves integration and collaboration within each company.
If the integration is good, the effect of one plus one is greater than two; if the integration is not good, it may even hinder each other and cause internal friction, and the negative effect of one plus one is less than two will continue to occur.
But as far as the current situation is concerned, mergers and acquisitions are still the best choice for Daosui Semiconductor.
Time waits for no one.
"Are they acquiring both companies?" Lu Kai was very surprised. "Currently, Zhanxun's market value is around 8 billion, and Ruidike's market value is also around 4 billion. If we want to buy them all, we need to prepare about 15 billion."
funds."
Because both companies are listed companies, a premium must be considered for a wholly-owned acquisition.
"Then start the acquisition of Zhanxun first, and Redeco will discuss it in the second half of the year."
After scanning, it was found that the total liquidity of the sprout account was only 15.5 billion. Zhang Shuo was also ashamed. He was very confident in the morning, thinking that for a long time, sprouts would no longer be short of funds.
As a result, just when we were about to make a big move in the semiconductor industry, we were unable to hold on to funds.
In my impression, from 2013 to 2019, in just 6 years, Blu-ray Group and its affiliated companies successively initiated mergers and acquisitions of more than 20 companies, investing more than 100 billion, mostly in different types of chip companies.
This shows how much money the semiconductor industry is burning.
"We can't be proud. We have to continue to make money in the Internet industry. Otherwise, we really won't be able to build enough."
Zhang Shuo was secretly alert.
When talking about making money, Zhang Shuo remembered something and asked Lu Kai: "Has the financial license of Germinal Financial Holdings been issued?"
"I was about to report to you that the Internet finance license has been approved, and Sprout Financial Holdings can officially start its small loan business." Lu Kai was also very excited.
"That's good."
Zhang Shuo was relieved that if he really needed it in the future, Mei Ya could still get a loan from Mei Ya Financial Holdings.
If you are only satisfied with the Internet industry, then the current sprout can really take a break, but if you want to make a difference in the semiconductor industry, you have to continue to borrow money.
Of course, there is no way to branch out the Inaho Semiconductor by its own efforts.
Still the same old routine.
Zhang Shuo’s plan is to wait until the valuations of the acquisitions of Zhanxun, Ruidike, and Daosui Semiconductor increase, and then launch the A-round financing in due course and use the raised funds to continue mergers and acquisitions.
This cycle repeats.
Zhang Shuo also hopes to build another semiconductor aircraft carrier in addition to Huaxia Microelectronics.
The more the better.
"Taking advantage of the abundant cash flow now, we can consider issuing another 500 million corporate bonds to increase the company's liquidity." Zhang Shuo suggested.
"Okay, I'll make arrangements."
Lu Kai did not object. With Suiya's current reputation, the company's 500 million corporate bonds would probably be robbed.
There is no need to worry about no one subscribing.
After talking about the acquisition, Zhang Shuo brought the topic back to mobile phone chip design, "If Maili mobile phones want to take the high-end route, they must have self-developed processor chips. The acquisition of Zhanxun and Ruidike is just a stop-gap measure."
, Daosui Semiconductor still needs to concentrate resources to tackle the self-developed Zhulong chip."
The Zhulong project is to benchmark against Snapdragon, Kirin, and Apple’s A series.
If Maili Group cannot achieve self-sufficiency in the field of chip design, then so-called self-sufficiency in chips will be out of the question and out of the question.
"Don't worry, I will personally lead the technical research team to take charge of the Zhulong project. Next year, Maili X2 will definitely be able to use the first generation Zhulong processor chip." Roger also issued a military order.
"good!"
Zhang Shuo admired Roger's spirit of being a newborn calf who is not afraid of tigers.
After Gu Mingzhang and Roger left, Zhang Shuo chatted with Lu Kai about the gossip of the Internet industry, and asked with a smile: "What actions have Tengda and Ahri taken recently?"
The three giants are paying attention to every move of Bu Ya, and Zhang Shuo is also paying attention to these potential opponents.
No wonder.
The people who know you best are often your enemies, because they are studying and pondering every day.
Can you not understand?
"According to the information I received, Tenda plans to take a controlling stake in Yixun.com, package and separate the e-commerce business, and form a separate e-commerce company. It has the intention of competing with Ali and Jingdong."
Lu Kai is also well-informed.
"If Tenda wants to engage in e-commerce, let it do it without paying too much attention." Zhang Shuo smiled.
In the original time and space, Tenda had a very strong e-commerce background. It entered the e-commerce industry as early as 2010 and made several big moves, but unfortunately none of them were successful.
Even after reaching a strategic cooperation with Jingdong, the soul of e-commerce has not been extinguished.
Even in 2020, Tenda accelerated its entry into e-commerce. In just a few months, Xiaoepinpin and Weixin small stores were upgraded, and products such as ICQ Huigou and live streaming shopping entered internal testing.
It looks like it's making a comeback.
Unfortunately....
Tenda's repeated defeats in the e-commerce field have once again proved that even Internet giants cannot succeed in everything if they do not understand their business models.
Back at this point in time, Tenda is willing to mess around in the e-commerce field, and Zhang Shuo is naturally happy to watch the excitement.
In this life, Jingdong has reached a strategic cooperation with Sprout Ya, and Pin Xixi is incubating within Sprout Ya. Even if Tenda wants to get rid of the burden of e-commerce business in the future, it may not be able to find a suitable takeover partner.
I'm depreesed!!!
"Compared to Tengda, Ahri has made bigger moves. My friends in Xiangjiang told me that Ahri has started the privatization process of Internet companies and is preparing to delist from Xiangjiang." Lu Kai continued to gossip.
"Delisting from Xiangjiang is for the group to be listed in a beautiful country."
"Nine times out of ten."
Of course Lu Kai guessed it, "I guess I still don't have enough funds and want to raise funds from the stock market."
"That's good. At least we don't have to worry about Ahri defaulting on progress payments."
As time enters 2012, the watershed between the PC era and the mobile Internet era has gradually emerged, reflecting that the most intense period of competition in the Internet industry is about to come.
It depends on who is more skilled.
………
After returning home in the evening, Zhang Shuo received a call from Xu Jia.
"I have decided to move the headquarters of Jiawei Culture from Shanghai to Binhai City."
"Why?"
Zhang Shuo didn't understand it very much.
"Isn't that what you suggested? Let Jiawei Culture intervene in the Internet celebrity management. The three major live broadcast platforms of Yaya Live, Huya Live, and Pangda Live are all in Lingnan. Why not just move to Binhai City?" Xu Jia was quite convincing.
.
"Is that why?"
Zhang Shuo, however, was hesitant, always feeling that there was something else going on inside.
"What if?"
"What should I do with the office area in Shanghai? Is it withdrawn?" Zhang Shuo asked.
"There is no need to retreat, the Magic City side will still be retained as the office location of the Magic City branch."
Okay!
Xu Jia has thought about everything.
"As you wish!"
Zhang Shuo didn't care, and didn't think it would have any big impact on his life.
………
As a result, the next day, Xu Jia and Lin Weiwei both went to Binhai City.
Zhang Shuo could only support them.
"After the company moves to Binhai City, will you consider settling in Binhai City?"
From Zhang Shuo's personal perspective, although there are many things to complain about in Binhai City, one thing that makes people feel very comfortable is that this city is not exclusive and there is basically no discrimination against outsiders.
Because most of the people in Binhai City are foreigners.
In contrast, in an old city with a long history like the Magic City, the internal relationships are complicated and the local forces are deeply rooted and intertwined.
The forest is big, and naturally there are all kinds of birds.
In addition, Zhang Shuo himself is not interested in the so-called old magic city style and magic city culture at all. If he was given a choice, he would prefer to settle in Binhai City.
"I think about it too, but I don't have the money to buy a house, so I will rent an apartment for the time being."
Xu Jia is also very picky about her personal quality of life. If she doesn't buy a house, she will definitely be looking for a luxury house worth tens of millions.
Zhang Shuo looked at Lin Weiwei again.
Xu Jia may not have money, but Lin Weiwei is a real little rich woman. Especially with the increase in Internet copyright fees, the salaries of celebrities have also increased.
With Lin Weiwei's celebrity status, she can buy a mansion with the salary from one TV series.
"Don't look at me. I'm traveling all over the country. It doesn't matter where I settle down, and I have no way to settle down." Lin Weiwei has a house in Modu, but she can't live there for more than a few days a year.
"Okay, I also have a house in my name that I can lend to you for temporary stay."
Zhang Shuo was referring to the large flat floor in Tianfu Community. He rarely lives there anymore, and it would be a pity to leave it empty, especially since there is a large duplex on the top floor of Youth Apartment, which makes it even less useful.
According to Jiang Yue, Germination Industrial Park will also plan a group of villas on the seaside for executives to live.
That goes without saying.
The best location and the most luxurious one in the villa group must be reserved for Zhang Shuo.
I don’t have to worry about having a place to live at all.
"Then I won't be polite. I'll beat the local tyrants, hehe." Xu Jia also happily accepted.
"You have to pay rent." Zhang Shuo said.
"Tch, stingy!"
Xu Jia was speechless, but she was not prepared to give up the rent.
She said she was going to rent an apartment, but she couldn't find a suitable apartment for a while. After all, if she wanted to live with Lin Weiwei, she had to consider security and privacy.
The house recommended by Zhang Shuo is definitely not bad.
………
The next day is Qingming Festival.
As nothing happened, Zhang Shuo simply took Xu Jia and Lin Weiwei to see the house in Tianfu Community. After explaining a few words, he handed the keys to the house to the two girls.
"What a rich man! Such a nice house is actually empty. Look, it's all dusty."
Xu Jia touched the coffee table and was speechless.
"Don't cry poverty to me. With your salary, it won't be a matter of minutes to buy a house in Binhai City." Zhang Shuo was not fooled.
Although Xu Jia laughed at herself that she was working for Zhang Shuo, as the CEO of Jiawei Culture, her annual salary was as high as more than five million yuan without receiving preferential treatment in terms of shares.
This chapter is not over yet, please click on the next page to continue reading! A proper gold collar.
It may be difficult to buy a luxury home in Shanghai, but it is still possible in Binhai City.
"Haha, I don't want to be a house slave."
Xu Jia didn't bother to explain to Zhang Shuo that her income was high, but her daily consumption was also high. She spent no less than two million on clothes, shoes, and cosmetics every year.
This is all still restrained, and he basically belongs to the semi-moonlight clan.
Proper prodigal old ladies.
It's no wonder that Xu Jia looks down on Zheng Zhebin. With Zheng Zhebin's income, he simply cannot afford to support her.
Not only Xu Jia, but also many celebrities spend money lavishly because they have quick access to money. Their monthly consumption starts at a million dollars. Once their careers are frustrated and they fail in financial management, the end will be very miserable.
A certain famous male singer also cried about poverty on the Internet, saying that he only had 30 million in savings in his card and would become a pauper if he didn't work.
It really leaves ordinary people speechless.
"Let's get down to business, what are your internet celebrity managers going to do?" Zhang Shuo asked.
"Just give full play to Jiawei Culture's own advantages, hire professional dance teachers, vocal teachers, and physical fitness teachers to provide professional training in dance, vocal music, physical fitness, etc. to its anchors. If we take a professional route, we can definitely stand out." Xu Jia also said
Quite confident.
"Then it's over."
Zhang Shuo shook his head in amusement, "If you do this, you will only cultivate a group of people who are not like celebrities, and Internet celebrities are not like Internet celebrities. They want to please everyone, but they can't please anyone."
"No way?"
Xu Jia was shocked, as if she had been given a slap in the face.
"There is an essential difference between Internet celebrities and celebrities. Talents are secondary. The key is to be down-to-earth and to please fans and big brothers. Do you understand?"
"not understand!"
With Xu Jia's social circle, she has never come into contact with this.
"Since you don't understand, then find someone who understands to manage it. I suggest you hire some operational experts from Yaya Live's parent company. They will definitely understand the twists and turns."
In any case, Yaya Live is also the originator of the live broadcast industry.
"OK!"
Xu Jia also followed suit, "What I'm curious about is, how do you know so much about live streaming?"
"Uh, cough..."
Zhang Shuo's face was slightly pale. He couldn't say that he was an experienced driver.