In early June, news was leaked that LEIT Group planned to acquire the Fila sports brand from Barings Bank, and subsequently LEIT Group's shares began to be suspended.
At the same time, LEIT Group also officially announced: LEIT Group intends to complete the acquisition of the world's third largest sports brand 'Fila' with US$4 billion in stock and a small amount of cash. The relevant decision will be officially carried out after the shareholders' meeting approves it.
.
As soon as the announcement came out, public opinion abounded.
"The value of Fila in the millennium was only 500 million U.S. dollars. Now it has increased eight times. This is too fast!"
"You didn't know this, Adidas just bought Reebok for 3.2 billion U.S. dollars; now Fila's market is 25% higher than Reebok, so it is naturally worth 4 billion U.S. dollars."
"This... Fila is really transformed into a miracle in the hands of Mr. Lin Zuhui!"
"Isn't that right? Others are the gods of management."
Investors are very supportive of this merger. After all, as explained by LEIT Group, after this merger, LEIT Group will form world-class competitiveness in the sports brand series. Fila and Xtep will have a lot of potential.
Good synergy.
Everyone's only consideration is whether the price is too high, so everything needs to wait for the shareholders' meeting to make a specific vote.
Since Fila is owned by Lin Zuhui, although he is the major shareholder of LEIT Group, he does not have voting rights.
The results are not so certain yet.
However, the overall public opinion in Hong Kong still feels that Fila is definitely worth US$4 billion, not to mention that this acquisition is almost all stocks. The LEIT Group is equivalent to spending a small amount of money to strengthen the entire group.
........
Day by day number.
Lin Zuhui is on vacation with his family. During this period, everyone is also very concerned about the merger of LEIT Group with Fila.
Because Guan Jiahui, Qiu Shuzhen, Li Jiaxin, and Li Zi hold 3% of the shares of LEIT Group; while Lin Zuhui himself holds 43% of the shares of LEIT Group.
He and his family hold a full 55% stake in LEIT Group.
Guan Jiahui said with a "loyal" expression: "On the day of the shareholders' meeting, I will definitely vote in favor!"
"Me too!" The other three women agreed.
Lin Zuhui smiled and said with a smile: "I'm not worried. If it doesn't pass, it will be a loss for the shareholders. I have great confidence in Fila."
Fila's mainland business alone will be more than 4 billion US dollars in the future, and 40 billion US dollars will be almost the same.
As for Fila's development in the mainland, Lin Zuhui is also relatively confident, that is, it will firmly take the high-end route, which is only a little more expensive than Nike and Adidas. After all, there is already a domestic brand called Xtep, so differentiated development must be implemented.
The difference is a bit different from Nike and Adidas.
Of course, Lin Zuhui also thinks that Fila is more fashionable, especially the combination of red, blue and white LEGO, which is a classic; and this LEGO design actually comes from Japan.
Guan Jiahui asked curiously: "In this way, how much will our share dilution become?"
Lin Zuhui couldn't help but clicked his fingers on her forehead and said: "After doing this for a long time, you are worried that your shares will be diluted. It seems that your support is not sincere!" After saying that, he looked at her playfully,
Guan Jiahui said "Ah", then covered her head and said pitifully: "No way, I just ask!"
"Haha" Lin Zuhui laughed happily, because Guan Jiahui's expression was so cute, like a girl's.
This made him extremely happy. Who would have thought that Guan Jiahui, 43 years old, could still be in such a state.
Seeing Lin Zuhui so happy, Guan Jiahui was naturally happy too. She held Lin Zuhui's arm and was close to him.
Then, Lin Zuhui directly calculated: "Your shares have probably become about 1.76%, and I control almost 62% directly and indirectly (plus US$200 million in cash). Do you understand?"
"Wow, that's amazing. I easily increased my holdings to 62%!" Guan Jiahui looked at Lin Zuhui with admiring eyes and said.
"What does it mean to be relaxed? I invested almost 600 million U.S. dollars in Fila, and it took me five years of hard work to achieve what I have today."
.......
A week later, the shareholders’ meeting formally approved the resolution of LEIT Group’s acquisition of Fila.
Afterwards, LEIT Group's stock benefited from this and continued to rise, approaching a market value of 100 billion (after the merger).
In the conference room.
Lin Zuhui personally held meetings with senior executives of Fila and Xtep to plan the merger of the two brands.
"The success of Fila in South Korea has made me see the importance of localization. Fila's market in Greater China is very important, so it must be localized. If Fila merges with Xtep, it is better to say that Xtep has taken over Fila's Greater China."
Regional operation and management rights.”
Thomas had been convinced by Lin Zuhui beforehand, so he said at this time: "Fila and Xtep can indeed create synergy in the Greater China region. Fila can drive Xtep's quality, and Xtep can drive Fila's channels."
Thinking of the success of Anta and Fila in his previous life, Lin Zuhui has firmly followed Fila's development strategy in China.
Although the Fila brand is on the same level as Nike and Adidas, the price of Fila is a little higher, and its style is more fashionable and youthful, so Fila has developed very well in China; in the previous life, Anta had a market value of 500 billion
, half of Fila’s contribution.
Lin Zuhui said: "Okay, President Li, you have to implement this matter well. Fila is developing in Greater China. The initial price is almost the same as Nike and Adidas, and it will be slightly higher in the long term. Of course, the important thing is that we have to give everyone an impression.
, we are more fashionable and younger.”
Li Zhenlong said excitedly: "Don't worry, boss, I will definitely let the two brands have a synergistic effect and promote each other's development."
Then, Lin Zuhui said: "Fila's endorsement and investment in football are still very different from Nike and Adidas, but we have signed two future superstars and I believe we can have unexpected results. At the same time, you can
Strengthen it."
This chapter is not over yet, please click on the next page to continue reading! Thomas and others nodded in agreement.
In fact, Fila's signing of Cristiano Ronaldo and Messi cost "a lot" because Fila does not have the reputation of Nike and Adidas. More importantly, Nike and Adidas have been looking for potential new stars during their youth training.
Messi has always been watched by Nike as he grew up. As for why Nike didn’t sign him, it was Nike’s mistake. Messi’s parents made some requests, but Nike actually refused them. As a result, Fila, who was originally rejected, took the opportunity to get the contract at a high price.
Down.
Of course, this high price is only equivalent to the price of not becoming the core of the first team. Overall, it is still very cheap.
Lin Zuhui said: "So, we can also train potential new stars from the youth training. In this aspect, Fila needs to form a strong team."
"no problem!"
At this time, Lin Zuhui has decided to secretly hand over the two names of Neymar and Muller, who were born in the 1990s, to Thomas. Once Fila establishes long-term investment and relationship with these future stars, they can sign contracts in the future.
Fila does not seek to surpass Adidas, but at least it cannot be too far behind Nike and Adidas.
Although he is currently third, the actual difference is very big.
Then, Thomas also said: "Fila in Greater China has been entrusted to President Li's team development. In addition to providing design and other help at our headquarters, President Li's team also needs to develop Fila's design team in China. This team does not require too much
, but it must be an elite. Master the elements of fashion, trends, and youth, and be slightly different from Nike and Adidas!"
Li Zhenlong immediately nodded and said: "What the president said makes sense. The success of Fila in South Korea is a good reference. Of course, the relationship and communication between Fila in Greater China and the headquarters will definitely be closer."
Fila Korea is almost always outside the Fila headquarters. Of course, it actually relies on Fila’s global layout.
In the conference room, everyone was discussing the detailed work of Fila's merger with Xtep. Of course, the merger of the two parties cannot be done in one fell swoop and must be done slowly.
........
New Era Group Headquarters.
Several guests were welcomed on the 88th floor of the second phase of the Guojin Building. Jack Ma, Cai Chongxin, and Jerry Yang, three Chinese people, visited the New Era Group headquarters together.
The staff first entertained the three people in the lobby, and soon a young man walked through the door and walked towards them.
The elegance of China, the gentleman of the West, the calmness of middle-aged people, the spirit of young people... It is hard to imagine that so many temperaments come together in one body, and the three of them think of it at the same time.
The three of them thought in their hearts that this should be the case, otherwise how could they have become the world's richest man under the age of thirty, and have been the world's richest man for a total of ten years.
Legend, whether in the West or the East, everyone likes to use "legend" to describe Lin Zuhui.
"The three distinguished guests have been waiting for a long time!" Lin Zuhui preached like a spring breeze and shook hands with the three of them one by one.
We are all old acquaintances, and we knew Yang Zhiyuan earlier.
Of course, Jingwei Capital's high-level cash-out at that time also caused a slight grudge between the two parties, but it was harmless. Afterwards, Jerry Yang also understood that Lin Zuhui's vision was beyond his reach.
"Mr. Lin, you're welcome!"
After everyone exchanged a few words, Lin Zuhui personally took the three of them to visit the New Era Group headquarters.
The three of them only had admiration in their eyes, and had no idea of taking a peek because New Era Group was a traditional enterprise.
First of all, New Era Group is the top in many fields, such as shipping, real estate, and hotels, which is unique in the world.
Secondly, Lin Zuhui does not only have traditional business. He himself is a technology tycoon at least as big as Bill Gates. His main achievements include: having the discerning eye to invest in Netscape, Yahoo, Google, Amazon, etc., and developing the world's first social software ICQ
, and the founder of Xiaomi Technology, the world's first graphic online game...
Finally, Lin Zuhui is also a businessman in all fields, creating Hong Kong's Hong Kong culture...
After the visit, everyone came to Lin Zuhui’s office, including Lu Bingwen from Matrix Partners.
The three people came to meet with Lin Zuhui this time because Yahoo wanted to invest in Taobao.
But this life is not that life.
First of all, Lin Zuhui is currently the majority shareholder of Taobao (with a quarter of the voting rights). Secondly, Taobao is developing better and more competitive than in its previous life.
In particular, Taobao has developed a year ahead of schedule compared to its previous life. Coupled with the Alibaba Cloud business, it is impossible for Yang Zhiyuan to use 1 billion U.S. dollars to add China Yahoo business in exchange for 40% of the shares.
As for why Jerry Yang is investing now, it actually has something to do with the development of Yahoo itself. Only when internal development is not optimistic will he seek new opportunities.
Tsai Chongxin said: "Mr. Lin, this time Yahoo plans to use US$1 billion to add Yahoo's China business in exchange for 40% of Alibaba's equity."
Upon hearing this, Lin Zuhui asked directly: "Do you think this price is appropriate?"
Cai Chongxin immediately said: "Inappropriate! Of course, this is just Mr. Yang's preliminary opinion. After our mutual communication and exchanges, in the past two months, Mr. Yang's team feels that 35% of the shares is enough!"
Lin Zuhui said with a smile: "Yahoo China is actually worthless. Neither Google nor Yahoo nor Amazon will adapt to China. Regardless of other factors, the rise of a country's own Internet software is bound to have a strong impact on foreign-funded Internet."
Of course, I have communicated with President Lu about this. What I mean is that we must maintain 30% of the shares. The founder team and Yahoo can also hold 30% each, and the remaining 10% will be held by SoftBank.
Shareholders withdraw."
Jerry Yang frowned and then said: "Mr. Lin, Yahoo can be of great help to Taobao!"
Lin Zuhui looked at Jack Ma with a smile, meaning who is more helpful?
Jack Ma instantly understood that although he and Jerry Yang had met late in life, Matrix Partners definitely played a major role in making Taobao what it is today.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Therefore, he quickly said: "This allocation is very reasonable, and Jingwei Capital has also been of great help to Ali."
Lu Bingwen added at this time: "Not only that, if the price of Yahoo's investment remains unchanged, 1 billion US dollars plus Yahoo China."
Tsai Chongxin originally wanted to favor Jerry Yang, but looking at this situation, if Matrix Partners is unwilling, maybe even 40% of its shareholding cannot be changed.
This financing is very complicated. It is not just a financing. Not all of the US$1 billion is given to Alibaba. Most of the funds have to be paid to withdraw some of the shares.
In other words, Jingwei Capital also needs to receive a sum of money, which can be used to get back the initial investment and make a profit.
"Mr. Yang, now that Mr. Lin has finalized it, this really needs to be reconsidered." Cai Chongxin said.
The expression on Jerry Yang's face changed, and then he said: "I accept this preliminary plan. To be honest, I am very confident in Alibaba Cloud."
The few people soon stopped talking about business and started chatting.
........
In late June, Sina.com publicly proposed the complete concept of "cloud computing" for the first time. This is the first time in the history of cloud computing development that this concept has been formally proposed, which has huge historical significance.
Soon the global media began to pay attention to the remarks made by Sina. As the background of Sina came out, it immediately attracted the attention of the entire Internet audience.
People have begun to discuss cloud computing, and "cloud computing" has become one of the most concerning topics in the computer field. It is also an important research direction for large enterprises and Internet construction.
This time Sina suddenly proposed it publicly because it has mastered the complete concept of cloud computing and some key technologies, so it was officially made public.
The advantage of making it public is that Sina will become a pioneer in "cloud computing" and gain great popularity.
Sina has been in the limelight a lot in recent years. For two consecutive years, its subsidiary "Sina Video" has given out millions of dollars in bonuses around the world and developed a "recommendation algorithm" calculation.
Nowadays, the complete concept of "cloud computing" is proposed, which immediately attracts countless attention.
In fact, Lin Zuhui himself also knows that Sina has only three greatest potentials for development: Sina web comics, Sina video, and now cloud computing.
As for portals, outdoor advertising, publishing, etc., although they are currently developing very well, they will decline.
Sina web comics and Sina videos can both go overseas and develop globally. Sina web comics can rely on the development of the comics industry in Hong Kong, and Sina videos can also rely on the "Hong Kong flow" to develop.