In the morning, Liang Zhenxun was the first to come to Lin Zuhui's office.
"boss"
"Well, sit down first"
Then, Yang Zhenxun reported on the recent financial situation of the group.
In the first half of this year, New Era Group spent 3 billion US dollars to order various types of shipping vessels and acquire suitable second-hand ships. On ships, New Era Group has spent 6 billion US dollars in two years, which can be said to be the first in the world.
Ship King' went. Of course, the general delivery date is after 2001.
Then, more than 2 billion US dollars were spent on Amazon Shopping Mall and Langham Hotel Group.
Spending money is like water, but New Era Group's revenue and profits have also begun to rise. The current annual profit level is more than 30 billion Hong Kong dollars (only including normal profits, excluding financial investments). This is still in the sluggish situation of Xiangjiang real estate.
Langham Hotel Group is also a major expenditure department. For example, it spent US$210 million to acquire the Hilton Hotel in Seoul this month;
Unlike Hilton Hotel Group, Langham Hotels is all asset-heavy (i.e. property or property rights), while Hilton Hotel Group's heavy-asset accounted for only about 40%, and light-asset accounted for 60% (franchise management fees, brand fees, etc.
).
This is why the number of hotels and rooms of Langham Hotel is very different from that of Hilton Hotel Group, but the value of Langham Hotel has reached 15 billion US dollars, while Hilton Hotel is only about 20 billion US dollars.
Whether it is Hilton Hotels or Marriott Hotels, their light assets are far higher than their heavy assets. After all, no consortium in the world likes to invest in properties as much as New Era Group and is as powerful.
】
"Normal property sales resumed in the first half of the year, and the overall performance was good. It is expected to have a normal profit of more than 16 billion Hong Kong dollars...Currently, the company still has a cash flow of just over 23 billion Hong Kong dollars on its account..."
Upon hearing this, Lin Zuhui said with great satisfaction: "The speed of spending money is just right. Just right. You can cash out Microsoft's stocks, but you have to cash out the money on average within 8 months, so as not to cause too much alarm in the market."
Currently, New Era Group holds 1.5% of Microsoft's shares, with a market value of more than 6 billion U.S. dollars; if it cashes out at this rate, 8 billion U.S. dollars will be no problem.
Liang Zhenxun nodded happily and said: "It happened to be that some of the six-month debts of Hong Kong Telecom were acquired and they are about to mature!"
At this time, New Era Group's debt has reached HK$100 billion. By January next year, it will need to repay at least HK$50 billion in debt (excluding interest).
Lin Zuhui did not talk about cashing out Vodafone and Sony. These two companies are not in the United States. They can cash out after the millennium. It is expected that another 7 billion US dollars will be cashed out.
These are just estimates. In fact, we have to take into account the underestimation of market value by Lin Zuhui and tax issues. The stock tax rate in general countries is around 10~15%, and in China it is 20%.
........
Time flies, and the transfer came to early July.
On this day, two guests came to Lin Zuhui's office, none other than the famous Jack Ma and Cai Chongxin.
In fact, alibaba.com was already online as early as April, and Lin Zuhui also began to pay attention; when Tsai Chongxin gave up his US$5 million annual salary in the United States to join, Lin Zuhui knew that he could make a move.
He did not go to the mainland to seek investment, nor did he send Jingwei Capital President Lu Bingwen to visit, because he knew that with Tsai Chongxin around, it would be difficult for Matrix Capital to obtain the shares he wanted.
Therefore, he planned to meet Jack Ma and Tsai Chongxin in person, and invited them to come to Hong Kong to meet in June.
With the words ‘Lin Zuhui’, it is naturally impossible to be rejected.
When the two parties met, Jack Ma acted very reserved. The scene was far worse than when he went to the Yangtze River Center Building to meet Li Chaoren in his previous life.
At least, Lin Zuhui saw that both of them were very nervous, but Jack Ma couldn't let go.
"Finally I've been waiting for you two. You must be Jack Ma, the founder of Alibaba... You must be CFO Tsai Chongxin who came back from the United States!" Lin Zuhui smiled and stretched out his hand, shaking hands with the two of them one by one.
The tone is very cheerful.
Jack Ma quickly said: "Hello, Mr. Lin, I am Jack Ma, please take care of me!"
"Mr. Lin, nice to meet you, I am Joe Tsai."
Lin Zuhui invited everyone to sit on his sofa, and his secretary Li Ke poured tea for everyone.
At this time, Jack Ma and Tsai Chongxin couldn't help but look at the office of the legendary Chinese entrepreneur, and found that it was very simple. There was no photo with the president, and there was no special place. In short, it was just "clean".
"I asked you to come to Hong Kong this time because I am very interested in domestic e-commerce and want to invest in a company with great potential." Lin Zuhui said after finishing his tea.
Jack Ma quickly put down his teacup and said, "Since Mr. Lin is interested in Alibaba, allow me to introduce our Alibaba to you."
Lin Zuhui smiled and nodded. Regarding Jack Ma's next speech, Lin Zuhui believed that he had repeated it more than a dozen times, or even dozens of times; speaking in front of venture capital companies, speaking in front of the media, in short, Jack Ma had a good life.
orator's.
The reason why he couldn't let go of Lin Zuhui at first was because Lin Zuhui's achievements were too high. In addition, Lin Zuhui also found that although he had an elegant and elegant temperament, he actually gave people the aura of a 'superior', commonly known as the 'Wang Ba Zhi'.
gas'.
Next, Jack Ma turned on the speech mode, and Lin Zuhui listened calmly.
To be honest, he has no concern at all about Alibaba's 'b2b model' (business to business) and feels that it has no prospects; of course, without experience in the b2b model, there is no way to follow the 'c2c model'.
The important thing is that the current domestic development of c2c is not yet mature.
At the end of the six-minute speech, Jack Ma looked at Lin Zuhui nervously, but Cai Chongxin was very calm and confident.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "How about 25 million US dollars, 25% equity plus voting rights?"
As soon as Lin Zuhui finished speaking, Jack Ma and Cai Chongxin looked at Lin Zuhui in disbelief, while Lu Bingwen was also a little surprised.
Lu Bingwen was only slightly surprised. He didn't think his boss was an outsider in venture capital, because his successful investments were unmatched by all their investment managers. What was important was that he knew that his boss would not only invest, but also give excellent suggestions to the company.
Before Jack Ma could speak, Cai Chongxin said quickly: "Mr. Lin, we can't afford so much investment, and we also hope that multiple companies will invest together."
Lin Zuhui was still very calm, smiled and said to Jack Ma: "What do you mean?"
Jack Ma naturally wanted to support Tsai Chongxin at this time, so he said: "We really can't afford such an investment, almost 5 million US dollars is enough!"
Regarding Alibaba, Lin Zuhui’s idea is to squeeze out SoftBank’s position. After all, Alibaba does not need too many overseas consortiums.
Generally speaking, venture capital companies not only provide funds to start-up companies, but also provide help to start-up companies in other aspects; obviously, a domestic Internet company cannot go global, so naturally it does not need too many consortiums to distribute it.
A cup of soup.
It’s not that you don’t want to divide it, but you don’t need to divide it too much.
Lin Zuhui said with a smile: "I not only brought 25 million US dollars to Alibaba, but also much more. I have invested in Internet companies such as Netscape, Yahoo, Amazon, Google, etc., and also invested in Apple, Kingston, etc.
Hardware vendor."
After hearing about these well-known companies, Jack Ma and Tsai Chongxin truly understood why Jingwei Capital is so awesome and why Lin Zuhui is a "global businessman across eras and centuries."
Lin Zuhui continued: "Do you know why Amazon allows two rounds of investment? Bezos is a person with a background in investment banking!"
Tsai Chongxin and Jack Ma shook their heads. They had some vague guesses. Because Lin Zuhui is also the founder of icq, Sina, etc., he may have a very thorough understanding of this industry.
"The reason is actually very simple, because I have a longer vision and strategy than Bezos. He is worried that I will invest in other competitors, so he has to bow his head. In fact, I am not optimistic about what you just said, Xiaoma. It is a long-term
I’m not optimistic, there may be trouble in the short term.”
"Alibaba's b2b business can only be said to be accumulating experience in e-commerce. The real future in the mainland will be c2c... third-party payment tools, similar to the Internet payment launched by Amazon last year..." Guaranteed
The transaction model "enables consumers to trust transactions on Taobao...to develop instant messaging tools and connect them to online shopping..."
"Think about it, if you can buy 'cheap and good goods' from all over the country on your home and company computers, this will be a disruptive revolution. Of course, the basis of this disruptive revolution is
As computers become more popular in the mainland, there are more and more Internet users."
Lin Zuhui's words shocked the three of them. The cake was so big that no one knew what to say.
For a long time, Cai Chongxin glanced at Jack Ma, and Jack Ma looked at Cai Chongxin again, unable to pay attention.
Lu Bingwen said at this time: "If Alibaba does not accept our investment, then we believe that our new choice will soon appear in China."
Jack Ma quickly said: "We accept investment!"
A boss who is so rich and so familiar with e-commerce will be Alibaba's best helper.
Tsai Chongxin also nodded and said: "Not only can we accept investment, but we also hope that Mr. Lin or Mr. Lu will join our future board of directors."
In this way, with one sweet date and one stick, an investment of 25 million US dollars was quickly finalized.
The reason why he offered such a high price was because Lin Zuhui knew that he had given such a high price. Soon Softbank’s Masayoshi Son came directly to the door and begged for an investment of 30 million (actually 20 million).
And Lin Zuhui simply grabbed Alibaba’s first and second rounds of investment.
As for the third round, it has almost entered the C2C field. It will still be dominated by Matrix Partners, but other investors can be introduced to have a drink.
Then, everyone continued to chat, and naturally everyone became allies and colleagues at this time.
Cai Chongxinhui reported: "With such a high amount of cash, our top priority is to form an offshore company in the Cayman Islands to form the structure of the holding 'offshore Alibaba' of Jack Ma's team and Matrix Partners..."
Lu Bingwen said: "It should be like this. 25 million funds can actually support the B2B business. We don't interfere in the specifics. Our boss doesn't like the management of the companies involved in the investment."
He understands that the boss who wants a board seat is more likely to be optimistic about the company in the long term and is not prepared to reduce its holdings for the time being.
Lin Zuhui added again: "What I just said is just a reason to invest in you. I hope you don't think too much now. Alibaba can do B2B within two or three years. It needs to find suitable opportunities to enter based on the development of the domestic Internet."
c2c. It’s like building a house, now is the time for Alibaba to build a base.”
Jack Ma couldn't wait to make Lin Zuhui his confidant. He almost started to doubt the B2B business just now, but now he calmed down after listening to Lin Zuhui's words.
"Mr. Lin is right. You have a long-term vision, but that doesn't mean Alibaba can realize it now. So please rest assured that we will definitely promote e-commerce in a down-to-earth manner."
Children can be taught!
To be honest, as far as Taobao's model is concerned, asking Lin Zuhui to develop it would be more foolproof than Jack Ma.
Of course, Lin Zuhui prefers to be an investor and just make money while lying down. He needs to work hard there.