Hong Kong's new giants

However, the overall quality of ATV Group's drama series is definitely not in the post-21st century period of Korea's previous life.After all, the level of selling tens of thousands of episodes every year is the best test.

Therefore, although Lin Zuhui still has some goods, he won't show them too early, and it's enough to shake one a year, which is considered as a bonus.

……

Pengcheng.

Lin Zuhui came to Xiaomi Science and Technology Park in a low-key manner. At this time, he is no longer the chairman of Xiaomi Technology, Zou Kaixuan is; and Zou Kaixuan also resigned from the position of president. Duan is the talent.

History has changed. There is no BBK president Duan, only Duan with an annual salary of nearly [-] million in Xiaomi Technology.

As for Li Luobao, he is a Chinese immigrated to the United States from Taiwan and was invited back by Xiaomi Technology.What Xiaomi Technology likes is that he has rich experience as an international corporate executive, which will help sell Xiaomi Technology's business and products overseas.

Sitting on the sofa in Zou Kaixuan's office, Lin Zuhui drank tea leisurely, feeling very good.Although he does not directly hold Xiaomi Technology, it does not affect his mood of watching Xiaomi Technology grow.

After chatting with Zou Kaixuan for a while, Li Luobao knocked on the door and walked in. Seeing Lin Zuhui was taken aback, he quickly recovered.

"Mr. Lin, hello!" Li Luobao greeted quickly.

Lin Zuhui smiled and said, "President Li, please sit down!"

Li Luobao nodded and sat on the sofa. He probably knew the relationship between Lin Zuhui and Zou Kaixuan. As for who Lin Zuhui was in Xiaomi Technology, he was the public founder and the current major shareholder.

"I came here to learn about the development of Xiaomi Technology, so I invited President Li to come to help you clear up your doubts, so it won't affect your work!"

Li Luobao quickly said: "Mr. Lin was joking, you are the founder and major shareholder of Xiaomi Technology, so naturally you are my boss, and it is natural to report to you."

Lin Zuhui nodded, and then learned about the situation of Xiaomi Technology one by one.

At present, although the VCD market is quite large, the share of Xiaomi Technology has dropped to 22%; the important thing is that the profit is already very small.

The current core business of Xiaomi Technology is: mobile phones and PHS. At present, Xiaomi’s mobile phones intervene between domestic counterfeit phones and international well-known brands. There are sales, but profits are not high; problem, so the development is still very slow.

Lin Zuhui asked: "A financial crisis has occurred in Asia. Have you expanded your PHS business to Taiwan, Southeast Asia, Russia, Japan and South Korea?"

You know, if there were 1 million PHS units in the mainland in the previous life, these regions and countries also had the same scale. Otherwise, how did UT Starcom have a market value of 300 billion US dollars in the previous life.

Li Luobao nodded quickly and said, "We have formulated a business plan for overseas development, and are now applying for permission from these countries!"

Lin Zuhui nodded in satisfaction. You must know that in the field of PHS communication technology, Xiaomi Technology has been cultivating for many years, and has established R&D centers in the United States, the mainland, and Japan; in terms of technical level, it is already the most advanced company in the world.

It can be said that if the mobile phone development of Xiaomi Technology is not very good before the emergence of smart phones, then PHS will become a pillar product, and it can even be said to be the most important product.

After all, Xiaomi Technology is still far behind in the competition with top brands such as Nokia and Motorola; it is only much higher than domestic copycat phones, because Xiaomi Technology's mobile phones have their own core technology and the long-established "Xiaomi" brand .

"Remember what I said, PHS products and communication technology are tens of billions of dollars of industry for Xiaomi Technology. Assuming that China has 1 million users, then there are 1 million in other overseas countries, so we must pay attention develop."

Li Luobao naturally knew the prospect of PHS, and immediately said: "Yes, Mr. Lin, don't worry, Xiaomi Technology has attached great importance to PHS technology from the very beginning, and it is definitely the world's leader now."

The current core products of Xiaomi Technology are: VCD/DVD, mobile phones, and PHS; as for telephones, U disks, etc., the current profit scale is not large.

Although MP3 was invented by Xiaomi Technology for the first time, it has no patent rights, and it has not even been popularized. won), and made MP3 famous.

But in any case, MP3 was invented by Xiaomi Technology in the second half of 1997, and it was also invented by Chinese people. This will be an honor in the future.

In terms of USB flash drives, Kingston currently collects more patent fees, and Kingston pays the most. As for product sales, it can also rank among the top five in the world, mainly because the penetration rate of domestic computers is not high.

"How is the company's financial situation?" Lin Zuhui asked with concern.

Li Luobao showed a look of admiration on his face. The founder listed Xiaomi Technology before the financial crisis. In addition, Xiaomi Technology was backed by Lin Zuhui, so it raised a lot of funds.

"The financial situation is good. Although we have invested a lot in technology research and development, we have a lot of good products, so the company still has more than 80 billion cash flow in its account. Although PHS and mobile phone business have not really developed, VCD /DVD is a bit late; however, semiconductor business, U disk business, telephone business, etc., can all provide hundreds of millions of profits.”

Lin Zuhui said with a smile: "This is the model of raising war by fighting. If there are more popular electronic products, there will be more cash flow, and more research and development expenses can be spent. By the way, the mainland and the world are getting more and more in line, Then English will become more important. In my opinion, Xiaomi Technology will establish a repeater business unit. Once the policy is announced in the future, the English test will focus on oral English. This repeater will have a market of tens of millions per year and a market of billions.”

Although Xiaomi Technology is already a big business, it is a little bit to make a little money.

Li Luobao's eyes lit up, and he said quickly: "Okay, I will immediately arrange to set up a repeater business department."

Lin Zuhui also said: "There is also the MP3 business unit, which must pay attention to the technological revolution. It is not that there is no market in China, but that the market in the whole world has not yet arrived. To put it bluntly, MP3 will have a wider market than the Sony Walkman back then. .Xiaomi Technology can be promoted in the mainland. Although it is cheaper for later manufacturers, it has also launched our brand after all.”

Li Luobao felt that Lin Zuhui's greatest strength was not his technique, but his vision.The words that come out of his mouth are like a prophet, which makes people believe.

"Well, Mr. Lin's words are very reasonable! The MP3 business department of Xiaomi Technology has been developing technology and attaches great importance to it. We don't have to worry about software. The music software under Jinruan Software is our partner."

These have already been laid out, and of course implemented through Zou Kaixuan.

"Also, we have to find a way to acquire an LCD production line from Japan and South Korea. We have invested in this area for so many years, and it is time for real development! Even a low-generation production line is better than none. We used to When entering semiconductors, it was still low-end products, and now we can already produce mid-range products.”

"Okay, I will start to form a team and go to Japan and South Korea to seek opportunities!"

"It doesn't matter if the price is high, you have to pay the tuition!"

"Yes!"

The high-generation production line will definitely be blocked by technology, but if the low-generation production line is coupled with the impact of the financial crisis, there may not be no chance; even if there is no chance, once China joins the WTO (2001), the technological blockade will not be so strict. .

In short, opportunities are reserved for those who are prepared. Compared with the current BOE, Xiaomi Technology is not a problem in all aspects.With stable profit income (20 billion to 30 billion Hong Kong dollars), and very promising products (mobile phone, PHS, U disk, MP3, etc.), even if it raises funds in the stock market or issues bonds next year, there will be no problem at all.

But after Li Luobao left, Lin Zuhui smiled and said to Zou Kaixuan: "Now that you are the boss, do you feel more relaxed?"

Zou Kaixuan leaned closer to Lin Zuhui and said, "Take it easy, but I have to supervise them to implement 'You bring up the opportunity', so they will really dare to regard themselves as the boss. Of course, the two children are well taken care of, do not worry!"

Lin Zuhui nodded. Xiaomi Technology now has a lot of talents. It has not only introduced international professional managers, but also networked with big names from previous lives. It can be said that the future is bright.

Chapter 6 Forty [Large Acquisition Case]

In late September, Lin Zuhui came to the United States. This was the first time he stepped into the territory of the United States after defeating international speculators.

In an office building in California, Barings Bank President Andre, Vice President Harold and others welcomed Lin Zuhui's arrival.

Barings Bank has two vice presidents, and the other is Liang Botao, who is in charge of the Asian business; and Harold is an elite talent on Wall Street in the United States, with rich experience and ability in investment banking.

"BOSS" everyone greeted excitedly.

Lin Zuhui shook hands with everyone one by one, and said with a smile: "It's a big job, and I am relieved to see that everyone is very confident!"

Everyone laughed in agreement, and felt relieved for a while, although the acquisition of 'Hilton Hotel Group' and 'Four Seasons Hotel' is a real job with a high degree of difficulty.

That's right, Lin Zuhui decided to use "leverage" to initiate the acquisition of Hilton Hotel and Four Seasons Hotel.

Among them, the Four Seasons Hotel is his favorite "family shop", that is, a family-owned hotel; of course, even if the Four Seasons Hotel is acquired by him, the original founder will continue to manage it and retain a part of his shares. Lin Zuhui is like Bill Gates in his previous life that corner.

Among them, the acquisition of the Hilton Hotel is the record of Barings Bank. First, the acquisition is privatized and delisted, and then the number of hotels, rooms, turnover, and profits of the Hilton Hotel are expanded through models such as reducing operating costs and expanding franchise operations. Find a good opportunity to re-list and cash out.

The acquisitions of the two hotels have a characteristic, that is, they are not included in the Langting Group, and belong to the nature of personal investment.

Because whether it is Four Seasons Hotel or Hilton Hotel, their heavy assets are not high, that is, they mainly cooperate with property owners; on the contrary, Langham Hotel Group (multiple brands) has a particularly high proportion of heavy assets. A large part of the group's huge capital is to buy/rebuild properties to open branches.

The models are different and cannot be integrated.Moreover, Hilton Hotel and Four Seasons Hotel, this model needs professional managers even more.

Everyone came to the conference room.

Lin Zuhui held two documents in his hand, and he had already read them all on the private plane.

Four Seasons Hotel, listed in 1997, currently has a market value of 15.1 billion US dollars. The major shareholders include the founder Sharp (36%), Prince Walid (18%), and Bill Gates 5%.At present, it has 47 Four Seasons hotels (mainly light assets, a small amount of heavy assets), with more than 20000 rooms.

Hilton Hotel, with a market value of 82 billion US dollars, has been sold three times. The current major shareholder is the Redbrook Group; Hilton Hotel currently has 10 hotel brands, 2200 hotels around the world, and nearly 40 rooms.

Lin Zuhui said: "The purpose of acquiring the two hotels is different! Four Seasons Hotel is my personal favorite, so the acquisition is only to meet my preferences; the acquisition of Hilton Hotel is an investment behavior of Barings Bank. If Barings Bank can If it is acquired and delisted, and reorganized and developed, it will be able to obtain a lot of profits in the future and increase its reputation."

At present, Barings Bank manages 200 billion US dollars in assets, which is still not enough for Wall Street giants who easily manage hundreds of billions of dollars.

And the more than 200 billion U.S. dollars in assets managed by Barings Bank, relying on Lin Zuhui's signature, has absorbed many European and American public funds.In fact, in recent years, the return on assets managed by Barings Bank has been very high, and its reputation has grown.

The reason for the high rate of return of Barings Bank is also due to Lin Zuhui. After all, he is aware of the general trend. For example, he analyzed for them that the European and American economies began to recover in 1994, and the prospects for telecommunications, information industries, and banking industries are good.

Harold nodded. He is the commander-in-chief of this acquisition, so he immediately said: "Four Seasons Hotel is famous for its luxury, and the founder Sharp will not resist the acquisition. He has experienced the bankruptcy crisis and understands the principle of timely cash out. ;Of course, because Sharp has too much influence on the Four Seasons Hotel, we have to consider his reserved shares."

Lin Zuhui said: "There is no problem! I also want to keep Sharp and let him manage the Four Seasons Hotel."

Harold continued: "However, the boss still has two opponents-Bill Gates and Walid. Bill Gates only owns about 5% of the stock, which he bought from the secondary market. He married It is in the Four Seasons Hotel in Hawaii, so he made no secret of his love for the Four Seasons Hotel. Now that he is the richest man in the world, he will definitely come out to prevent our acquisition; Waleed holds 18% of the stock, and he is also an opponent that cannot be underestimated. However, I heard that Prince Walid is your friend, the boss, and I believe that if we get together, the acquisition will be much easier!"

Lin Zuhui heard the words and thought about it, Harold said very well, the investigation was also very detailed, and the analysis was also very reasonable.

"Ignore these things for now, and directly initiate the acquisition to the Four Seasons Hotel, and see everyone's reaction first! The quotation should naturally be high, so as not to make people laugh!"

He asked Hengjin Investment to package 50 billion US dollars of funds and inject them into Barings Bank to become a hotel fund.

Lin Zuhui's Hengjin investment will start to cash out at a scale of 3000 billion Hong Kong dollars next year. These funds can no longer be used to invest in high-return industries, so even low-return industries such as hotels cannot be let go.

Harold quickly proposed: "Then the offer with a premium of 30% seems very sincere. If the Four Seasons Hotel is privatized at this price, it is equivalent to more than 30 times its profit!"

His words attracted everyone's attention, but everyone agreed very much.The hotel industry has always had a huge premium, and it is normal for a hotel with an annual profit of 1 million to acquire 40 billion or 50 billion.

It is impossible to recover from profits.After the average person acquires the hotel, they will redevelop the hotel and use its brand effect to develop rapidly.If it is an investment bank, they will also choose to go public to cash out at the peak, and throw the leveraged loan at the time of acquisition to the hotel.

Lin Zuhui also thought about it. He remembered that Bill Gates and Waleed were privatized before Lehman in his previous life, which was 47 times the profit, and the price seemed to be 38 billion US dollars.

To be honest, after the acquisition of the Four Seasons Hotel, Lin Zuhui can't make much money, unless he finds a good time to go public, he can make a lot of money; but now, he just sees high consumption of good things.

"Yes, although the price is high, it can let everyone see our sincerity!"

Harold continued: "If you want to buy the Hilton Hotel, you can't be so generous. We need to test it step by step. After all, we also have to find a lending bank. Therefore, I suggest a tentative offer of 25 US dollars per share!"

The current share price of Hilton is 24 US dollars, with a total share capital of 3.4 million shares and a market value of 82 billion US dollars.However, Hilton still has $45 billion in debt.

If the acquisition is initiated at a price of 25 US dollars, the price will be a full 130 billion US dollars!

Of course, it is impossible to make a successful acquisition at this price.In the previous life, when Hilton's share price was 30 US dollars, Blackstone began to intervene, and later it was 48 US dollars to complete the acquisition, and it also assumed a debt of 70 billion US dollars, with a total cost of 260 billion US dollars.

Although the price of Hilton is high, its assets have always been seriously undervalued, which is why investment banks are willing to pay a lot of premium; for example, the current market value is 82 billion, while other people's assets may already have 200 billion US dollars, and their net assets are about 150 billion US dollars.

"Just follow your instructions! You can start with the Four Seasons Hotel, then the Hilton Hotel, and gradually start the acquisition plan!"

"Ok!"

In order to acquire these two hotels this time, Lin Zuhui also specially arranged for Andre to strengthen the human resources construction of the American branch six months in advance.Of course, with Lin Zuhui in charge in person, it is more effective than any other talent.

He has many years of experience in the development of large enterprises, and he is good at asset restructuring and enterprise development. In addition, he knows the economic and financial trends in Europe, America and Asia, which makes him even more powerful.

In fact, he suddenly intervened in the US hotel industry. In addition to his huge capital, there is also an Internet company that Jingwei Capital will also start cashing out investment next year.

The United States makes money and spends it in the United States, so that it will not be investigated.If he spends nearly 200 billion US dollars in the United States over the past year, the United States will be very happy in the hotel industry. Investors are happy because they get a high stock premium, and the US government is happy because the hotel industry is "interest-bearing". Low-return industries can also solve a large number of labor.

Of course, this is just a general statement. Some of the stocks he bought in the secondary market can be gradually taken back to Xiangjiang through secret means, such as ants moving.He will not take a lot, he will come according to demand.

Chapter 641 [Two strong contenders]

The next day, Lin Zuhui came to the New York headquarters of Jingwei Capital.

The current Jingwei Capital is almost as famous as the old limelight companies Sequoia Capital and KPCB. Because it has bet on a large number of Internet companies, it has become a legend in the investment circle in the United States.

In addition to betting on Internet companies such as Netscape, YAHOO, and Amazon, Jingwei Capital also invested heavily in hardware equipment manufacturers such as Apple and Kingston, which also increased the influence of Jingwei Capital.

Jingwei Capital has invested in a total of [-] companies in the United States, and [-] companies have been listed on the market, with remarkable achievements.

among them:

The Netscape shares he holds have been converted into AOL shares, currently worth nearly 4 million U.S. dollars. Lin Zuhui plans to sell AOL stocks in the second half of next year, which can bring at least 5 million U.S. dollars in profit.

With a 10.8% stake in YAHOO, the current market value of Yahoo is nearly 300 billion US dollars. Lin Zuhui plans to apply for a reduction in the second half of next year. It is estimated that there will be no problem in cashing out 60 billion US dollars.Although Yahoo's market value is 1000 billion by the end of next year and 1280 billion at the beginning of the millennium, it is impossible for him to cash out in such a short time.

As for the stocks of Amazon and Apple, they do not intend to cash out, even if they can sell high and buy low; after all, he is a director of the two companies, and it is a bit troublesome to sell them. In addition, the prospects of the two companies are good, so there is no need to reduce their holdings.The holdings of the two companies are relatively high, but they will be diluted in the later stage, and there is no need to consider the cash-out part.Even if you cash out part of it, it will be around 2015, and it is better to control the holdings at 5%.

Kingston is not listed, and it is good to pay dividends every year. There is no need to consider listing, and the debt of its acquisition has been paid off.

Other listed Internet stocks will all start to cash out next year, and it is estimated that they can get about 10 billion US dollars in funds.

"Boss!" Lu Bingwen walked into Lin Zuhui's office respectfully.

At this time, Jingwei Capital laid off some US investment managers, so Lu Bingwen was a three-header in the US, the mainland, and Xiangjiang.Fortunately, venture capital investment has almost stopped in the United States, and Jingwei capital is mainly concentrated in the mainland and Xiangjiang.

"Well, how's it going with Priceline and that search engine company?"

Lin Zuhui gave up investing in Netflix because the growth of Netflix was slow after listing, and it was not until 2010 that the real stock price skyrocketed.

But he forgot about the excellent project Priceline, so he immediately arranged for Lu Bingwen to come to the United States to negotiate.

Priceline is the "Ctrip" of the mainland in the future. Of course, its market value will reach hundreds of billions of dollars in the future, so it is much better than Ctrip. After all, one is global in nature and the other is limited to the mainland.

Lu Bingwen said: "Priceline has registered the patent of 'Name Your Price (user bid)' in the first half of this year. With its distinctive business model, Priceline quickly received US$1 million in financing, and some of Priceline's investors even A heavyweight like Paul Allen, the co-founder of Microsoft. So, when I came to the door, Walker, the founder of Priceline, rejected our investment, and even proposed that if we really wanted to invest, they would only accept 1% of 15 million US dollars financing."

Lin Zuhui couldn't help laughing, and said: "It's really arrogant! Don't bother with him, let's see if Priceline can be so valuable!"

How could he remember that after the dot-com bubble, Priceline’s stock price fell so sharply that even Chairman Walker left the board of directors, but it turned out that Cheung Kong and Hutchison Whampoa under Li Chaoren invested in Priceline.

That being the case, let Priceline beg him to invest after the bubble crisis.

The reason is actually very simple. After the bubble crisis, these companies lack funds, and the Internet itself does not have much profitability. At that time, capital will be the boss, except for a few powerful companies.

Lu Bingwen nodded and said: "Well. As for the search engine you mentioned, they have officially established Google this month, and they are now working in a garage. % of equity."

Lin Zuhui immediately said: "We also want to invest 10% of the shares. No matter how much it costs, you can discuss it yourself!"