Hong Kong's new giants

This is similar to Lin Zuhui's management model. Of course, Lin Zuhui also learned something from Li Chaoren.

In New Era Group, Western business philosophy is reflected in the system and development, but in the management of employees, Confucian culture has been integrated.Therefore, New Times Group has almost no resigned employees, especially the old employees after Lin Zuhui took over, and the turnover rate is almost zero.Xiangjiang does not have a government pension, but New Era Group has employee pensions. Lin Zuhui also asked the investment department to invest pensions in overseas securities (not recommending stocks, but will check a little bit). If the loss is made up by him, if he makes money , then increase employee pensions.There are many similar cultures. Lin Zuhui even "closed positions" for several colleagues around him during the August [-]th stock market disaster (no debts, no impact on life), so as not to encounter difficulties in their lives.

Back in the office, everyone sat on the sofa.

Lin Zuhui said: "I heard that Kingston's employees don't need to clock in when they go to and from get off work?"

Sun Dawei pointed at his friend Du Jichuan relaxedly and said: "Their bosses are like this. They don't arrive at the company until 12 noon every day. Haha, just kidding. Old Du's life is chaotic because of business trips all year round. But Mr. Lin is telling the truth. Our company management is relatively flexible, people-oriented, and advocates respect, loyalty, flexibility and integrity."

Since he is here for inspection and he is a compatriot, Sun Dawei also hopes that Lin Zuhui can see a real Kingston.Of course, he thought that Lin Zuhui was here to study and investigate.

Lin Zuhui nodded, and then said: "To be honest, I am very optimistic about your model, and I think Kingston's development prospects will be very good!"

Du Jichuan said: "Thank you for Mr. Lin's recognition, we believe that you are a real management master, otherwise you will not become a world-class enterprise."

New Times Group is of course a global enterprise, and it is also a heavyweight player in commercial real estate in the United States, and its development in London, Southeast Asia and other regions is not small.

The polite words were almost finished, Lin Zuhui said: "This visit to Kingston, to tell you the truth, I hope to buy 80% of the shares in your hands, and I am willing to pay 10 billion US dollars in cash for this, and Kingston will still be under your management. "

The room was suddenly silent, and even Lu Bingwen and other people from Jingwei Capital were inconceivable.

After a long time, Du Jichuan said: "Why did Mr. Lin suddenly think of buying Kingston? Or why did he like us?"

Lin Zuhui said with a smile: "I am optimistic about the development of PCs and the Internet, and believe that computers will soon be popularized in every household, so I have been investing in these projects recently. For example, we invested in the Netscape browser released last month. In [-], I even invested in Microsoft stock.”

This is understandable, optimistic about this industry, and this man is rich, so he hopes to buy Kingston.

Du Jichuan thought about it and said: "Mr. Lin pays such a high price, isn't he worried about losing money? Our turnover this year is probably less than 5 million US dollars, and the profit margin is only about 10-15%. Not only that, our company is in the development period, so If the company makes money and needs to develop, I'm afraid it will be difficult for you to make returns in a short time."

Lin Zuhui said with a smile: "Leave it to you to manage. Of course, you have the final say. If you don't pay dividends for ten years, I won't say a word."

He really doesn't care about not paying dividends for ten years, after all, once the dividend period comes, he will make a lot of money.In addition, this 10 billion US dollars of funds can also play a live advertisement for Jingwei Capital, and establish the reputation of "big brand" and "silly big investor" in the investment industry.

Du Jichuan and David Sun exchanged glances, and finally Du Jichuan said, "Mr. Lin, how about I give you an answer tomorrow?"

"Of course, this is what it should be! By the way, we at Jingwei Capital are currently deeply involved in the technology industry. Assuming that we can acquire [-]% of Kingston's equity, if you have human resources to help, you can also help some Kingston. Besides, I am better at Analyzing industry prospects and making suggestions, I can also make friends with you and let’s chat together.”

As a venture capitalist, sometimes you have to make suggestions for the companies you invest in and provide human resources assistance.In the past year, Jingwei Capital has developed in the United States, and the investment managers are all locals, so it has gradually gained strength in this area.

Du Jichuan nodded and said, "Don't worry, Lin Sheng, we can see that you are very sincere, and you will definitely consider it seriously."

"Okay, no matter what the answer is tomorrow, I will be friends with you two!" Lin Zuhui said with a smile.

"Of course, we are already friends!" Du Jichuan had always had a crush on Lin Zuhui, and he had obtained Xiangjiang status before he could go to Germany to study at a university.And Lin Zuhui is not only from Xiangjiang, but also the richest Chinese, which greatly boosted the morale of the Chinese.

On the road.

Lu Bingwen said: "Boss, is the price a bit high?"

Lin Zuhui said with a smile: "It doesn't matter. Venture capital is like this. As long as the project is successful, the high price is not a problem. Especially in the information technology industry, don't care about the little money. Of course, my acquisition of Kingston also involves my A product plan."

"Well, Kingston is indeed developing very fast, and it can reach an output value of nearly 5 million this year!" Lu Bingwen said with admiration.

Lin Zuhui said with a smile: "Maybe the output value will be 10 billion US dollars next year, and the PC industry will usher in a big explosion!"

Once Microsoft's Windows95 is released next year, the PC industry will usher in a big explosion, and Kingston will also usher in an explosion.

Although 10 billion US dollars is still expensive, in 1996, Kingston was definitely worth 10 billion US dollars.

……

Kingston Corporation.

Du Jichuan said to his friend, "What do you think?"

David Sun said: "I'm so excited!"

"Haha" the two laughed.

Du Jichuan said with a smile: "Do you still remember when we sold our first company and used the money to speculate in stocks?"

David Sun nodded and said, "It turns out that we are not that material. Fortunately, you found 2000 US dollars from the drawer, otherwise we would not have the Kingston worth 10 billion US dollars today."

Du Jichuan said: "Nonsense, the two of us can't be beaten to death. Without the $2000, we can borrow it."

David Sun thought for a while and said: "Sell it! The cycle of the storage industry is really powerful. The Japanese were wiped out at that time. What if there is another cycle. Of course, we will sell [-]% of the shares. The company is still managed by the two of us. , very good conditions."

Du Jichuan nodded and said, "I also think selling is a good choice! After all, that guy is really rich. When he said 10 billion US dollars, he didn't even blink his eyes, as if it was our hundreds or thousands of dollars. .”

The two soon agreed to sell Kingston.

The next day.

The two parties signed a preliminary agreement. Jingwei Capital paid a deposit of 1 million US dollars, and the rest should be paid within one month.

At this time, there was only less than 2 million US dollars in Jingwei's capital account, and Lin Zuhui had no cash flow, so he planned to use all loans. It's just a loan of 10 billion US dollars, and he can get it together in a week.

Taking a step back, he still runs a bank!

Chapter 558 [Very satisfying itinerary]

The news of "Jingwei Capital's acquisition of Kingston for 10 billion US dollars" was quickly reported by the American media and became a news in many countries; in the United States and Xiangjiang, it was even more publicized and became a big news.

Jingwei Capital instantly became the star of the investment company, and was dug out by the media to invest in Netscape Browser and Activision Blizzard, two potential companies.

The news spread to Hong Kong, which also caused a big explosion of public opinion. They did not expect that Lin Zuhui would suddenly invest heavily in the technology industry. They immediately thought of the "Cyberport" project, and then realized that Lin Zuhui was really deploying the technology industry, rather than using technology to package real estate.

For a while, Lin Zuhui was once again rated as "Xiangjiang Idol" and "Chinese Pride" by Xiangjiang citizens.

And Lin Zuhui also readily borrowed 10 billion US dollars through several banks in the United States within three days, and handed it over to Du Jichuan and David Sun.Where is the reputation of the world's richest man? It is still easy to borrow some money in the United States, and it is in the name of Jingwei Capital.

After completing this investment, Jingwei Capital still has USD 1.7 million in liquidity.

……

A cafe outside Stanford University in San Francisco.

Lin Zuhui and Lu Bingwen are inviting former Yahoo founder Jerry Yang to drink coffee.

At this time, the predecessor website of Yahoo has been established at Stanford University for more than half a year; and just this month, Netscape put an icon of Yahoo on the Netscape browser, so people who browse Netscape will click on Yahoo! icon into the Yahoo site.

Lin Zuhui discovered this website by browsing the Netscape browser, quickly found Stanford University, and contacted Yang Zhiyuan.

Yang Zhiyuan was more open and lively, and said to Lin Zuhui: "Mr. Lin, I didn't expect you to come to the school to find me. I was really surprised. You are so rich, and I am just a poor student. It's really incredible!"

Lin Zuhui smiled and said: "You are not a poor student. I am interested in you when I saw the website you created in the Netscape browser; and I have invested in dozens of information technology and hardware technology companies this year, so I am interested in The project is a thirst for talents; if possible, I hope to invest in you to start a company and start a business."

Yang Zhiyuan was very surprised and said: "Set up a company to start a business? Mr. Lin, I am still studying for a doctorate! Besides, will this website have a future?" He was afraid to gamble with his studies.

Lin Zuhui smiled and said: "Bill Gates founded such a great company as Microsoft without even finishing college. You have already graduated from college, and you have mastered the technology that can change the world. Why did you act immediately! You know, Last year, the United States announced the grand strategy of the information superhighway, and Internet technology will also follow 'Moore's Law', if you don't act now, someone will replace you soon."

Fool, he is still good at it, Yang Zhiyuan's blood boiled when he heard it.

"Mr. Lin, what kind of company do you think we should create?" He asked tentatively.

Lin Zuhui said with a smile: "I invested in Netscape Browser, and I know a little about the Internet. Netscape Browser sells software for the company's profit. I have seen your website, and I think it should be called a 'portal website' type." , People who surf the Internet like to come to this website to find out and find things they are interested in. And the profit model of this kind of website should be free for people to use, more and more people use it, and then the website can be sold Advertising, like a TV station."

When Yang Zhiyuan heard it, he immediately said: "Mr. Lin really understands the Internet, I admire it very much. Recently, many surfers have come to the 'Jerry Global Information Network Guide'. We are too busy to finish our studies, so we really consider it. I have started a business before, but I have never made up my mind.”

Jerry Global Information Network Guide, this is the predecessor of Yahoo, Lin Zuhui smiled.

"The Jerry Global Information Network guide is somewhat informal, it can be called 'YAHOO', and it is developed in the form of a company."

Yang Zhiyuan's eyes lit up, and he blurted out: "Good name!"

Then, Yang Zhiyuan said: "If we set up a company, how much money does Mr. Lin plan to invest and how many shares do we need?"

When it came to money, Yang Zhiyuan, who was still a student, was a little excited.

"500 million US dollars, 20% of the equity. I don't need any management rights. If I have a good suggestion, I will just communicate with you."

Yang Zhiyuan didn't have any capital, so he said immediately: "Then I will communicate with my friends, and I will give you an answer!"

Lin Zuhui nodded and motioned Lu Bingwen to give him his business card and keep in touch.

This investment has been considered a success. It can be seen that Yang Zhiyuan is very excited and trusts Lin Zuhui.

For this investment, Lin Zuhui has withdrawn from the board of directors of Netscape, and will not join the boards of other companies in the future. After all, he has no time at all.

Netscape, Yahoo, and Google are equivalent to the three generations of Internet products. Netscape is only the first generation of browsers. Yahoo focuses on portals, and Google focuses on search engines.

Lin Zuhui didn't think he could change the fate of Netscape, and he didn't have any right to make suggestions in Netscape, so he wouldn't do anything.

And in Yahoo (probably the same for other companies), he will only make angel round investment, that is, the first round of investment; as for the second round of investment, if Masayoshi Son wants to invest, let him invest.

After all, Sun Zhengyi can still introduce Yahoo to Japan, and Lin Zuhui can at most introduce Yahoo to Hong Kong and the mainland.As for the mainland Yahoo, it will eventually have to be acquired, after all, the policy does not allow it.

Lin Zuhui was very satisfied with this trip to California and settled two potential companies in one fell swoop.Yahoo alone should have been able to cash out billions of dollars before the dot-com bubble crisis. You must know that Yahoo had a market value of more than 1000 billion dollars before the bubble crisis.Of course, his shareholding will definitely be diluted a lot, but no matter how diluted it is, it will be no problem to earn 50 billion US dollars, a return of thousands of times!

It really is a lucrative investment!

Of course, venture capital is not so profitable. For example, in the past software bank, there are hundreds of investment companies, and many have high returns, but there are also many losses, even billions of dollars.

Lin Zuhui can invest in all the profitable projects, but that may be very troublesome, so he asked the investment manager of Jingwei Capital to invest in 15 companies in the next year, with a total amount of no more than 5000 million US dollars. All projects should pass Lin Zuhui's as much as possible. pass.

……

On the private plane flying from California to Hong Kong, except for Monica, the other three girls returned to Hong Kong with Lin Zuhui.

This trip to the United States, including the time spent on the road, took exactly one week. These women got a lot of satisfaction, and of course Lin Zuhui also got a lot of satisfaction.

Chapter 559 [To be the top three hotel groups in the world]

Hong Kong.

The executives of New Era Hotel Group Holdings gathered together, and Lin Zuhui presided over the meeting.In the entire meeting room, foreigners occupied more than half, which made Lin Zuhui a little astonished.

Of course, this is his policy, because he wants to let the "Hong Kong-owned hotels" go out. With the strong development momentum of Hong Kong-branded hotels, everyone can see the vigorous vitality and strong competitiveness of national brands overseas.

In the previous life, it was difficult for mainland enterprises to go global. Apart from the reasons of visibility and ability, there was another reason that it was inconvenient for funds to go overseas:

First of all, let’s talk about ability. Most of them only know how to buy, buy, buy, but do not really integrate resources and strengthen management. In the end, they sell things again, and losses are inevitable;

Secondly, seeing that they always like to chase high, and Westerners can see this, they are very happy to sell you at a high price when the market is good, anyway, there is hope to get it back in the future, such as Manhattan office buildings, People, or Huaxia people, have suffered a lot.

Finally, let’s talk about funds. It is very convenient for Heung Kong’s funds to go overseas without any supervision. If an overseas acquisition is negotiated today, the funds can reach the world the next day.

In summary, Lin Zuhui thinks that it is time for New Times Group to strengthen investment in the hotel field, and quickly create a Chinese-owned "Marriott Group" through global mergers and acquisitions, integration and other means.

Originally, even without Lin Zuhui, Xiangjiang's Hong Kong hotels would have developed very well abroad. In the previous life, Hutchison Whampoa, New World Hotel Group, Great Eagle Group, Hang Lung Group, and Shangri-La Hotel Group were all world-class hotel groups. The strength cannot be underestimated.

Of course, once Lin Zuhui is gone, he will either not do it, or he will do his best to build a truly international hotel group.

There is no need to worry about funds. In the late 90s, there was a full non-recurring profit of 2000 billion; there is no need to worry about management experience. After these years of development, New Times Hotel Group Holdings already has world-class management experience.

Lin Zuhui said: "London Hotel is acquired at a price of 1.05 million pounds. I agree to this project. But what preparations do you have for the subsequent development of this hotel?"

As the first luxury hotel in Europe, The Langham Hotel in London was displayed in front of everyone with a magnificent gesture in 1865.The huge castle-like building can feel its profound history at a glance.

President Corbett said: "After our investigation and planning, after the acquisition of this hotel, we plan to spend 8000 million pounds on a comprehensive renovation and upgrade. Of course, if we want to fully expand the hotel industry in Europe and the United States, we must ensure that the local customs and culture are concentrated. It has become a master of international culture... and combines modern atmosphere, ancient and modern, retro and innovative..."

Reasonably, the acquisition of such a hotel with historical significance and a landmark building in London must dig out its own value and combine it with a modern atmosphere, so as to achieve the two words of "luxury and luxury".

Lin Zuhui said, "How many years will it take to renovate?"

First, it is London, which is very inefficient; second, it is a historical landmark building, which is difficult to renovate.

Corbett said: "It is expected to be 2 to 3 years"

Lin Zuhui nodded, this answer is acceptable.But he immediately said: "The acquisition of Langting Hotel in London is because I hope to own a chain of luxury hotel brands, so I suggest that you continue to expand Langting Hotel, and don't stop."

Corbett nodded and said: "Okay. But now the company is starting to vigorously develop the hotel group, but the group's business is scattered. I suggest to learn from the integration of Marriott Hotel last year and divide the hotel business into two parts, heavy assets and light assets. Operation. Then the heavy assets will be unified under the Langting Hospitality Group, and the name of New Times Hotel Group Holdings will be abandoned, after all, this name does not match the truth.”

Lin Zuhui thought for a while, then said: "Yes, the group's assets reorganization is a major event, you all sort out the plan and give it to me."

"Okay, boss."

The hotel's light assets are "hotel management services". New Times Group acquired an American hotel management group very early, and has been developing continuously. Currently, it has managed tens of thousands of hotel rooms.

Of course, taking Furama Hotel as an example, although there is also a management party, they only need to pay a 3% management fee; and this management does not involve the management of the entire hotel. Some management suggestions and reservation system; the actual management still belongs to the hotel itself.

Assuming that the hotel business of New Era Group is divided into: Langham Hospitality Group (heavy assets), New Era Hotel Management (light assets), it is a very good plan.

New-age hotel management can cooperate with owners around the world to provide management services, charge 3-10% management fees, and enhance hotel management experience.

Langham Hospitality Group has two luxury brands: Langham Hotel and Atlantis Hotel

It has two mid-to-high-end brands: Miramar Hotel Group and Constellation Hotel (Canada)

In addition, there are some franchised hotels (the owner is Langham Hospitality Group): Manila Hilton, Beijing Hilton (unopened).

There are also some participating hotels: Peninsula Hotel (major shareholder), seven joint venture hotels in Beijing (Great Wall Hotel, etc.).

Lin Zuhui continued: "The Atlantis hotel project will be officially launched next year. You go to Dubai to find opportunities, and you can cooperate with the locals to start this project. It must be built into the world's top luxury hotel."