Lin Zuhui and Guan Jiahui had a party in this room.
The two's eldest son, Lin Wenhua, married a white man the year before last and gave birth to a mixed-race baby last year. Since he was not the first wife, Lin Zuhui did not interfere.
Lin Wenhua is currently a post-80s entrepreneurial star in the United States. As the founder and CEO of Uber, he is also very well-known in the United States. Although there is still a gap between him and Zuckerberg, he still has a good influence.
As for the younger son Lin Wenli, he now follows Guan Jiahui and joins the investment company of this house.
Lin Wenhua confidently introduced Uber's development at this time: "In China, we attracted a total of US$1.2 billion in venture capital last year... We are confident that we can break the failure record of American Internet companies in China."
Lin Zuhui listened carefully. He did not expect that Lin Wenhua actually did this. Originally, he casually mentioned an idea, thinking about Lin Wenjie starting a business and hiring professional managers if possible. As a result, Lin Wenhua did a good job.
Uber now operates in more than 60 countries and is valued at more than $16 billion.
Even in China, Didi Chuxing has not changed its name and is currently not a rival to Uber.
However, when he heard Lin Wenhua's bold words to break the failure record of American Internet companies in China, Lin Zuhui couldn't help but shake his head.
"Father, are you not optimistic about Uber's presence in China?" Lin Wenhua asked seriously.
Lin Zuhui said calmly: "Sometimes the environment is the most important. Back then, Amazon, Google... none of these companies went to China happily. What was the result? It's a good thing to have fighting spirit, but you can't be proud."
Lin Wenhua was criticized by Lin Zuhui and said calmly: "However, Uber's current orders in China far exceed Didi Chuxing!"
Lin Zuhui said: "You are just seizing the opportunity, just like the American competitor Lyft, being the first to get investors, ideas, user awareness, etc. Of course, I am not dampening your enthusiasm, but letting you know
, learn to retreat bravely from the rapids."
"Retreat bravely from the rapids?"
"Yes, once China's business is overtaken by Didi Chuxing, then it must not be forgotten. Injecting business into Didi Chuxing is the best plan. The same is true in Southeast Asia and Russia. Uber should focus on Europe
, business in the Americas and Australia. And Asia has not given up. After all, you have exchanged it for rich assets, which is very beneficial to valuation and market value."
How could Lin Wenhua not listen to Lin Zuhui's words? Moreover, what Lin Zuhui said was that local companies would only retreat when they surpassed Uber, and he did not say that they would give up at the beginning.
"I understand what father means!"
Lin Zuhui nodded. Children can be taught, and what he talked about was based on experience. In his previous life, didn't Uber exchange its business for 16% of Didi Chuxing's shares? In this life, he will definitely be able to exchange for more shares, including in Southeast Asia.
"You have done a good job in suppressing Lyft, but you should pay attention to your own internal problems?"
Regarding its competitor Lyft, Uber has made it difficult to raise financing. As the market leader, Uber itself needs a lot of money to burn. In its previous life, it lost a full 10 billion U.S. dollars. At its peak, the market value was only 100 billion. In the end, it was probably more than 600 billion.
billion dollars.
Uber needs money so much that it naturally needs a large number of venture capital institutions. However, the management team such as Lin Wenhua has adopted the idea that if they invest in Uber, they cannot invest in Lyft. Even some people who are interested in investing in Lyft will be called by Uber to win them over.
At the same time, some investment banks that underwrote stocks, such as Goldman Sachs and Morgan Stanley, gave up cooperating with Lyft and chose to cooperate with Uber.
Although this kind of behavior will not kill everyone, it can delay Lyft's development process, so the company's current valuation is only one-tenth of Uber's.
"Internal problem?"
"Yes, for example, scandals involving internal managers, such as problems with passenger safety, once amplified by the media, Lyft can take advantage of it. So, while you are developing, you must do a good job in management. For example, strengthen the supervision of Uber drivers.
For data review, the driving recorders in Uber cars must of course protect the rights and interests of customers, comply with U.S. laws and regulations, and avoid infringement of customers’ portrait rights.”
"Well, we will enhance these contents."
Lin Wenhua did not refute that Uber had done these tasks. Since his father said so, he felt that Uber should strengthen, do better, and prepare for rainy days. After all, his father’s reputation for foresight is well-known around the world.
Lin Zuhui said with unfinished meaning:
"Since we talked about valuation and market value just now, let me give you another suggestion. Assuming that in the future, we will focus on developing Europe, the United States and Australia, and other regions will hold shares in local companies, then Uber's market value will definitely be higher than Lyft, because it
Global development cannot be achieved.”
"At the same time, Uber also needs to build an ecological chain and expand its business, such as launching Uber Eats food delivery service...Uber Freight freight business...huge network, leading technology, excellent
Operations, product experience, building Uber’s moat, Uber has established a huge network covering drivers, consumers, restaurants, couriers, and bicycles, and this network is self-reinforcing, which is the so-called “flywheel effect”, such as Uber’s
Users can use two or more services such as online car-hailing and food delivery at the same time, and an Uber online car-hailing driver can also use his spare time to deliver food."
Although Lin Zuhui didn’t say it, Uber would also take this path. After all, when a company develops to a certain level, it will naturally think about outward development.
However, if he tells Lin Wenhua now, Uber can plan and think ahead.
Originally, in this life, Uber was born one year earlier than in the previous life. In addition, with sufficient initial funds, the development may be 1 to 2 years ahead of the previous life.
Lin Wenhua listened very carefully, for fear of missing his father's teachings.
After a long time, Lin Wenhua sighed: "My father is indeed the godfather of the Internet. He has invested in such epoch-making companies as Netscape, Yahoo, and Amazon. His understanding and vision of the Internet are truly unparalleled."
Guan Jiahui looked admired, and even her daughter-in-law Lucy admired him, although at first she didn't like her father-in-law's irresponsibility to the family.
"I only know the basics. Remember, talking on paper is not enough. Internet companies are not just industries without technical content. On the contrary, they have higher technical content, because once customers are dissatisfied, the Internet will amplify it a lot. In the final analysis,
Serve customers well.”
"I understand and I will do it well!"
"Yes. Although at first I thought that if you didn't do well, you would go home and inherit the family business and take care of your mother's worries. But so far, it seems that what you have done makes me very surprised and very satisfied."
"Thank you dad for your encouragement!"
Lin Zuhui nodded, and then encouraged Lin Wenli.
In fact, Guan Jiahui's industry is not complicated. She mainly holds shares in four companies: Apple, Microsoft, Google, and Amazon. Each of them is about 0.5%~0.9%. In addition, she invests in European and American properties.
.
To put it bluntly, it is a real estate company.
........
night.
Guan Jiahui was dressed in office OL clothes and walked into the bedroom, where Lin Zuhui was surfing the Internet.
The woman came to his side, leaned closer and said, "Am I not attractive?"
Lin Zuhui turned his chair and looked at Guan Jiahui. She was almost 52 years old, but she looked about 35 years old, probably from the time she filmed "Once Upon a Time in the Western Regions" in her previous life. She was still very beautiful. After all, at that age she still had many awards.
"The 50 Most Beautiful Celebrities in the World". To be honest, this woman is still attractive to Lin Zuhui even though she is sixty years old.
The important thing is that after so many years of training, she will gain a lot!
"How could it be! Look at how I feel about it!"
Guan Jiahui suddenly smiled sweetly, in a mature style, and then slowly squatted down and put Lin Zuhui's hand on her cheek. She was full of girlish style and still liked romance.
"Ah Fai, can I go back to Hong Kong with you?"
"Well, it might not be convenient this time!"
Guan Jiahui opened her eyes wide and said, "Are you looking for someone younger again?"
"From 1992!"
"So young, it seems I'm really embarrassed to join!"
Seeing that Guan Jiahui was a little disappointed, Lin Zuhui comforted him: "You are more charming than her. She is just a tonic. We have been in a relationship for 30 years."
Guan Jiahui was immediately swept away and lost, stood up, and began to twist in front of Lin Zuhui.
"Huh, I'm going to take good care of you tonight and make you miss me on the plane."
........
........
May.
In the waters south of Hong Kong Island, the superyacht ‘Chasing the Sun’.
In the large restaurant that can accommodate 24 people, it was temporarily requisitioned as a "meeting room". Lin Zuhui sat at the head seat, followed by twelve family directors. Yes, Lin Zuhui also included three Singaporean daughters and their children into the family office.
"Dozens of citizens protested against the excessive wealth of the world's richest man at the International Financial Center Phase 2"
Lin Zuhui read out a newspaper headline and then slowly put it down.
For a time, all the girls made comments one after another.
"I don't work hard to make money, but I protest that others are too rich."
"That is, Xiangjiang is one of the freest places to do business in the world. They have no ability, but they blame others for making money."
"Brother Hui works so hard for charity, yet they target him like this. It's really too much!"
"Brother Fai is not only doing charity work, he has definitely made a great contribution to the development of Hong Kong. Hong Kong culture, comics, games, software, technology and other industries, none of which was brought up by Brother Fai."
All the girls complained about Lin Zuhui one after another, feeling angry and heartbroken.
But Lin Zuhui himself seemed calm and calm. After spending many years in this position, his heart has become normal.
He understood the situation of Li Chaoman in his previous life very early and understood what an 'international businessman' had to face!
"That's it! Everyone stands in a different position, and we can't ask everyone to think the same. This invitation to the twelve of you to hold a family meeting is an equalization of wealth."
"After many years of relationship with you, I have already placed great trust in you. At the same time, I see my children's sense of belonging to the family and their feelings for me, which is why I made the decision today."
The women held their breath, knowing that this man was going to give away his wealth.
Looking at the 12 directors, all dressed as office workers, Lin Zuhui knew that there was still something good to do today, but now he needed to hold a family meeting.
"Guan Jiahui, Qiu Shuzhen, Li Jiaxin, Li Zi, Lin Zixia, Monica, the four technology stocks held by the six of you have huge potential, and there is still a lot of room for growth. There is no need to worry. Therefore, I will not give you Liufang
Do you have any objections to increasing your wealth?"
"No!" the six girls said with a smile.
It’s a smile from the bottom of my heart, because Lin Zuhui said that there is still room for substantial growth, which is exciting enough.
Currently, Apple's market value is US$500 billion, Amazon's US$150 billion, Microsoft's US$350 billion, and Google's US$400 billion. The total market value of the four stocks is already US$1.4 trillion. Based on the average shareholding of 0.7% per person, their net worth is already 10 billion.
US dollars.
Each house plus other wealth has already reached the level of a billionaire, not to mention that it can continue to rise. Lin Zuhui will let them start to slowly reduce their holdings in March 2020 (in 2 years).
At the same time, they are also foreigners, and their shareholdings are dispersed and handled offshore. By then, their net worth will be between US$30 and 50 billion, which is not a problem.
The equity holdings of Apple, Google, and Microsoft held by Matrix Partners are still continuing to reduce their holdings until the investments in U.S. stocks are cleared (Matrix Capital only).
Of course, Lin Zuhui's private investment company "Hengjin Investment" retains 2% of the stocks of Apple, Google, Amazon, and Microsoft.
Altogether, the Lin family holds almost 6% of the shares of these companies, which is not a loss.
The Americans are not at a loss either. After all, these companies were invested and developed by Lin Zuhui.
"Zuxian, Qingxia, your assets are a bit thin, but TSMC, Hon Hai, and MediaTek have all increased several times. After all, Taiwan Semiconductor is a global development trend, and Formosa Plastics is also good."
"Of course, I have prepared another investment plan for you two. You follow it and I will provide the funds."
"The plan is very simple. You two each buy 2% of Penguin stocks, and I will pay for it."
Lin Zixia happily thanked her. Although Wang Zuxian was calmer, she was still very happy. After all, this was Lin Zuhui's wish.
Next, Lin Zuhui said to Li Zhi, Zhang Min, and Zhou Huimin: "You three also bought 2% of Penguin stocks each, and I will provide the funds."
The three girls did not expect to receive a big gift just after joining this official family group. They quickly thanked Lin Zuhui and thanked Wang Lingyin for his generosity.
Wang Lingyin said with a smile: "He is so good at making money. It is reasonable for the family to share the risks. Our family has huge wealth and we should not have conflicts over money. Our men also have plans in their hearts, so we are all sisters."
Another burst of thanks, after all, 2% of Penguin shares are worth 20 billion Hong Kong dollars!
Lin Zuhui then said: "Since you bought 10% of Penguin stocks this time, I want to cash out more stocks. To put it simply, I cash out and you buy. The detailed plan is... In short
, it is reasonable for Penguin to have a market value of at least 3 trillion, after all, where does the population come from?”
Lin Zuhui arranged it step by step!
The tax rate in the Xiangjiang stock market is not high, so there is no need to feel heartache. In fact, even if it were based on the high profits tax of 10 to 15% in the United States, Lin Zuhui would not feel heartache. After all, there are still several times the increase.
As a result, Matrix Partners only has 12% of Penguin stocks left, and the Lin Zuhui Foundation still holds 10% (all of which will be cashed out within 3 years);
Charitable foundations will also gradually cash out, but there is no rush. After all, the "Lin Zuhui Foundation" itself still has a lot of money to support charity.
Matrix Partners' 12% equity will gradually be cashed out, leaving only 5%, while the family office will also hold 5% offshore.
After some operations, the Lin Zuhui family will probably still hold 20% (including 10% of the five daughters) two years later, but nominally only Jingwei Capital holds 5%.
As a result, Matrix Partners only has Alibaba's shares left to deal with, and Lin Zuhui will still choose to cash out.
Finally, Lin Zuhui said: "Okay, this matter has come to an end. Next, we need to be happy. Please cheer up!"
"Yes, sir!"
Lin Zixia, the oldest, has joined them. Although she is 59 years old, her actual age is only in her early 40s. She is considered a lady. She is probably the same as she was when she retired in her previous life, and she is still attractive.
Lin Zuhui doesn't care about that. It's better to be familiar with others, and it's not like he doesn't have young ones.
This weekend, Lin Zuhui plans to spend two days and two nights on the yacht with everyone.