Hong Kong's new giants

"Come on, cheers!"

Gu Li's two sisters both drank, and Lin Zuhui knew that Gu Li was a foreign female star who drank fragments in his previous life.

After dinner, Lin Zuhui brought the two girls to the recreation room.

"Guli, Gulijia, can you perform a dance?" Lin Zuhui hoped to see his ancestors take back the achievements of the West.

"Of course, brother Hui, we sisters are all good at dancing! But, you have to participate, we will teach you!" Gu Li said coquettishly, holding Lin Zuhui's arm.

This woman is really coquettish, but Lin Zuhui likes it very much, because of this, he feels that his mentality is only in his early 20s.

As the clan music played, the three immersed themselves in it, but to the surprise of the two women, Lin Zuhui's talent was very good.

"Brother Hui, you are amazing!"

"Haha, don't you know that Xiangjiang's Hong Kong culture is powerful. Not only people in the entertainment industry can dance, but many people in Xiangjiang have this ability. Of course, I don't know how to dance modern dance, but it is ballroom dancing. Master."

The Hong Kong culture has changed the Hong Kong entertainment industry. Traditional artists have long been eliminated. Now it is the world of Hong Kong idols. Even Tony Leung, Andy Lau, and Jacky Cheung, these king-level entertainers, have already become second-tier artists.

Jacky Cheung holds a concert and invites first-line idol groups, but not all of them will come, and the Internet is full of remarks about "giving face".

So now in the Hong Kong entertainment industry, actors can dance, which is very common.

When dancing with Gu Lijia, the eyes of the two met, and sparks were quickly sparked.

Although Gu Li next to her noticed something was wrong, she didn't stop it.

Of course, Lin Zuhui didn't rush to attack, but at the end, he picked up Gu Li by the waist and walked to the bedroom, leaving Gu Li with her heart tickled.

……

……

……

Manhattan, New York.

Fuli Group Headquarters.

Lin Zuhui and Lin Wenjie came to the meeting room. The father and son did not take a plane to the United States.

And Lin Zuhui brought Lin Wenjie here, naturally hoping to introduce him to the senior management of the Futura Group.

Before the Lehman crisis, Futura Group's net assets had reached about 700 billion U.S. dollars (including nearly 200 billion U.S. dollars in cash flow). Its subsidiaries include Amazon Shopping Center, Canary Wharf Group, Futura Real Estate and many other European and American real estate and related assets. .

After the Lehman crisis, Futura Group began to hunt for bottoms. Today, Futura Group's asset value has exceeded [-] billion U.S. dollars, and it is a full-fledged commercial real estate overlord.

However, Fuli Group is not listed separately, so there is no need to publish financial reports, but Europeans and Americans can clearly feel its existence.

For Futura Group to develop so smoothly, in addition to Lin Zuhui's outlook on the general situation, this group of foreign executives has contributed a lot.

And this group of foreigners are also very loyal to Lin Zuhui and do their best for the group. Lin Zuhui guessed that this is due to his personal charm.

Now, although Lin Wenjie will be replaced on stage, Lin Zuhui is still there after all, so there is no need to worry.

What's more, after the enterprise has formed a large scale, it has already formed a set of corporate culture and system, which is enough to restrict employees and management.

"Boss, Director Lin" the senior executives of Futura Group greeted one after another.

In their hearts, Lin Zuhui is a legend. Lehman sold assets before Lehman, and Lehman bought bottom after Lehman. It can be said that he is an extremely astute investor. At the same time, this boss is very good at management and management.

"Dur, Steven... very happy to meet you!" Lin Zuhui greeted everyone with a smile.

After a greeting, everyone sat down.

"I have read the information on IndCor. I think it is very suitable as an acquisition target. What do you think?"

IndCor, a subsidiary of the Blackstone Group, was established in 2010. After several acquisitions, IndCor owns and operates 1.17 million square feet of industrial real estate projects in major areas of the United States, including industrial warehouse networks and wholesale centers.

As the president, Doerr took the lead in saying: "This industrial real estate fund IndCor has only been in operation for 4 years, and its volume is already the largest industrial real estate fund in the United States, comparable to Duke Realty, an old American industrial real estate company with a history of more than 40 years. Important Interestingly, I got in touch with people from the Blackstone Fund, and they originally intended to conduct an IPO of IndCor to complete cashing out. If we intend to acquire, Blackstone Fund will not refuse, the key is the price.”

Will, the executive in charge of the 'Outlets' business, also said afterwards: "We have some business dealings with this fund. As far as I know, the cost of Blackstone Fund on IndCor is probably less than 60 billion US dollars."

Steven, vice president and president of 'Amazon Shopping Center' also said: "European and American real estate has been a little sluggish since the Lehman crisis, but since the second half of last year, many people have seen great hope. The potential is relatively large. Moreover, after we buy it, we can continue to use IndCor to carry out mergers and acquisitions of industrial real estate projects.”

Lin Wenjie was touched by the high-level executives expressing their thoughts and opinions one after another. From the eyes of these executives, he saw the respect for his father, and the discussion was very lively and full of vigor; This attitude is a kind of respect for the strong.

Alexander!

After listening to everyone's opinions, Lin Zuhui said decisively: "This is what we Chinese call 'the right time, the right place, and the right people'. There is a market prospect, Blackstone intends to sell, and our team is strong enough to manage IndCor. Well, the acquisition is decided. President Doerr, you form a team to formally contact Blackstone."

Dull nodded and said, "Okay, I'll take formal action right away!"

Lin Zuhui said with satisfaction: "Then you, Director Lin, will also participate in this acquisition case and keep in touch with everyone."

"Okay, Chairman!"

"Welcome Director Lin to join!"

Leaving Lin Wenjie in Fuli Group, Lin Zuhui left. He also hoped that Lin Wenjie would be familiar with these executives. After all, Futura Group is an important part of New Times Group's assets. to subdue them.

If Lin Wenjie takes office as president, he must have a good relationship with these.

It's not that elites like Doerr and Steven are hard to find, but that elites who are loyal to Lin Zuhui's family and New Times Group are hard to cultivate for a while.

The contact with Blackstone naturally does not require Lin Zuhui's participation. After all, such an acquisition may take several months, and it will not be realized in a short period of time.

The most important thing about this type of acquisition is the price, but for real estate assets, Lin Zuhui has always been more cautious in bidding. The important thing is to acquire IndCor, there will be no competitors, and it only depends on what price Blackstone is willing to sell.

As for the prospects of IndCor, or the prospects of industrial real estate, Lin Zuhui is very confident. With the rise of Internet shopping sites such as Amazon, the requirements for warehouse grids and wholesale centers are very high.

The important thing is that after IndCor was bought by Singapore's ProLogis in the previous life, only four years later, the Blackstone Group bought it back for 190 billion US dollars, becoming the world's largest single industrial real estate transaction project; and during the period, ProLogis It only spent more than one billion US dollars to purchase industrial real estate projects.In four years, it has doubled.

……

"IndCor has to buy properties like crazy," said Rene Circ, director of property research at CoStar in Chicago. "They only buy big projects."

IndCor官网上的公司新闻并不多，大部分的主题都是“收购”。仅以2013年为例：1月，一口气买下4个城市65万平方米的物业；2月，买下6个城市89万平方米物业；4月，13万平方米；6月，10万平方米……

Supporting IndCor's crazy expansion is Blackstone's sharp and bold investment vision. In 2010, when IndCor was established, it was the trough of industrial real estate. The value of industrial real estate purchased by many companies during the peak period in 2007 shrank sharply, which gave IndCor an opportunity to buy bottom.

For example, the 190 million-square-meter warehouse in California under IndCor, hailed by Bloomberg as its "crown jewel", was bought at a low price from Walton Street Capital LLC; in 2007, Walton Street Capital LLC bought it for $29 billion These warehouses were sold to IndCor for $2012 billion in 22.

While IndCor is growing step by step, the good days of American industrial real estate are gradually coming.With the growth of consumption, American companies, especially e-commerce platforms such as Amazon, have a growing demand for storage and other properties, which has exceeded the supply speed, followed by gradually increasing rents and decreasing vacancy rates.

According to statistics from real estate services company Colliers International, from 2013 to the first quarter of 2014, the vacancy rate of industrial real estate in the United States fell from 8.83% to 7.9%, which also means that the occupancy rate rose each quarter. twenty three%.

Blackstone is eager to sell IndCor or raise funds for its new $130 billion flagship global real estate fund that it just launched not long ago. Selling IndCor will allow Blackstone to realize profits faster than IPO real estate funds).

Blackstone Group.

Blackstone President Stephen smiled when he heard that Futura Group intends to acquire IndCor.

Although there is still no evidence that the development momentum of industrial real estate will weaken, this is Blackstone, and assets will be released as soon as there are profits.

What's more, this is an acquisition from the Eastern Consortium, which is more conducive to selling at a high price.

7 Chapter Seventy [All Wealthy]

California villa.

Lin Zuhui and Guan Jiahui had a party in this room.

The eldest son of the two, Lin Wenhua, married a Caucasian wife the year before last, and gave birth to a mixed-race baby last year. Lin Zuhui did not interfere because he was not a child of the royal family either.

And Lin Wenhua is currently an entrepreneurial star born in the 80s 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 some gap with Zuckerberg, he still has a good influence.

As for the youngest son, Lin Wenli, he now follows Guan Jiahui and joins the investment company of this house.

Lin Wenhua introduced Uber's development with full confidence at this time: "In China, we absorbed a total of 12 billion US dollars in venture capital last year... We are confident that we will break the record of failure of American Internet companies in China."

Lin Zuhui listened carefully, and he didn't expect that Lin Wenhua would actually accomplish this. Originally, he casually raised an idea, thinking that Lin Wenjie would start a business, and if possible, hire a professional manager.As a result, Lin Wenhua did a good job. Uber is now operating in more than 60 countries, and its valuation has exceeded 160 billion US dollars.

Even in China, Didi Chuxing has not changed its name and is currently not an opponent of Uber.

However, Lin Zuhui couldn't help shaking his head when he heard Lin Wenhua's bold words to break the record of failure of American Internet companies in China.

"Father, don't you think Uber is in China?" Lin Wenhua asked seriously.

Lin Zuhui said calmly: "Sometimes the environment is the most important thing. At that time, Amazon, Google... Which one of these companies did not go to China happily, and the result? It is good to have fighting spirit, but you can't be proud."

Lin Wenhua was criticized by Lin Zuhui and said calmly: "However, Uber's orders in China are far more than Didi Chuxing!"

Lin Zuhui said: "You just seized the opportunity, just like Lyft, the American competitor. To be one step ahead is to get investors, ideas, user popularity, etc. Of course, I am not trying to discourage you, but let you know , learn to retreat bravely.”

"Retire bravely?"

"That's right. Once China's business is overtaken by Didi Chuxing, then don't miss it. It is the best solution to inject business into Didi Chuxing. The same is true in Southeast Asia and Russia. Uber should focus on doing business in Europe. , America, and Australia. And Asia has not given up, after all, you have exchanged for rich assets, which is very favorable for valuation and market value.”

Is there any reason for Lin Wenhua not to listen to Lin Zuhui, and what Lin Zuhui said was that when local companies surpassed Uber, they retreated in a hurry, and did not say that they gave up at the beginning.

"I understand what father means!"

Lin Zuhui nodded, a child can be taught, and what he talked about was all experience. In the previous life, Uber exchanged its business for a 16% stake in Didi Chuxing. In this life, it will definitely be exchanged for more equity, including Southeast Asia.

"You guys are doing a good job of suppressing Lyft, but you should pay attention to your own internal problems?"

For competitor Lyft, Uber has adopted the problem of making it difficult to finance. As the market leader, Uber itself needs a lot of money to burn. It lost a total of 100 billion U.S. dollars in its previous life. 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 invested in Uber, but cannot invest in Lyft; even some who are interested in investing in Lyft, Uber will call them and win them over.

At the same time, some investment banks that underwrote stocks, such as Goldman Sachs and Morgan Stanley, gave up cooperation with Lyft and chose to cooperate with Uber.

Although this kind of behavior will not kill everything, 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, the scandal of internal management personnel, such as passenger safety problems, once it is magnified by the media, Lyft can take advantage of it. Therefore, while you are developing, you must manage well. For example, strengthen the management of Uber drivers. Of course, we must ensure the rights and interests of customers, abide by the laws and regulations of the United States, and avoid infringing on customers’ portrait rights.”

"Well, we will strengthen these contents."

Lin Wenhua did not refute that Uber did these things. Since his father said so, he felt that Uber should strengthen, do better, and plan ahead.After all, the name of father's vision is well-known all over the world.

Lin Zuhui said unsatisfactorily:

"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, America and Australia, while other regions will adopt local companies. In this way, the market value of Uber will definitely be higher than that of Lyft, because they Global development cannot be achieved.”

"At the same time, Uber also needs to build an ecological chain and expand its business, such as the launch of Uber Eats food delivery service...Uber Freight freight business...Huge network, leading technology, excellent operation, product experience, build Uber's moat , Uber has established a huge network covering drivers, consumers, restaurants, couriers, and bicycles, and this network can be self-reinforcing, which is the so-called 'flywheel effect'. For example, Uber users can use online car-hailing, Two or more services such as food delivery, and an Uber ride-hailing driver can also use his spare time to deliver food."

Although Lin Zuhui didn't say it, Uber will also take this path. After all, the company has developed to a certain level, and it will naturally think about outward development.

However, if he tells Lin Wenhua now, Uber can plan and think in advance.

Originally, in this life, Uber was born one year earlier than in the previous life. Coupled with sufficient initial funds, the development may be 1 to 2 years earlier than in the previous life.

Lin Wenhua listened carefully, for fear of missing his father's teaching.

After a long time, Lin Wenhua sighed: "Father is the godfather of the Internet. He invested in Netscape, Yahoo, Amazon and other innovative companies. His understanding and vision of the Internet are truly unmatched."

Guan Jiahui had an expression of admiration, even her daughter-in-law Lucy, although at first she didn't like this father-in-law's irresponsibility towards the family.

"I only know superficially. Remember, talking on paper is not enough. Internet companies are not only industries without technology content, but higher technology content. Once customers are dissatisfied, the Internet will magnify a lot. Serve customers well."

"I understand, I will do well!"

"Well. Although I thought at first that if you can't do well, you can go home to inherit the family business and share the worries for your mother; but now, I am surprised and satisfied with what you have done."

"Thank you father for your encouragement!"

Lin Zuhui nodded, and then encouraged Lin Wenli.

In fact, Guan Jiahui's industry is not complicated, mainly holding shares in four companies: Apple, Microsoft, Google, and Amazon, each of which is about 0.5% to 0.9%.In addition, it is to invest in properties in Europe and the United States.

To put it bluntly, it is a real estate company.

……

night.

Guan Jiahui, dressed in office OL clothes, walked into the bedroom, and Lin Zuhui was surfing the Internet.

The woman came to his side, leaned closer and said, "Is it because I'm not attractive?"

Lin Zuhui turned the chair, and then looked at Guan Jiahui. He was almost 52 years old, but he looked 35 years old. It was probably the appearance of filming "Once Upon a Time: The Lion of the Western Regions" in his previous life. She was still very beautiful. After all, at that age, she still won "The World's 50 Most Beautiful Celebrities".To be honest, this woman is 60 years old, and she is also attractive to Lin Zuhui.

The important thing is that after so many years of training, she will gain a lot!

"How come! Look at me, don't you feel it very much!"

Guan Jiahui suddenly smiled, full of the style of a young mature woman, then slowly squatted down, and put Lin Zuhui's hand on her cheek, full of girlish style, still like romance.

"Ah Hui, can I go back to Hong Kong with you?"

"Ugh, it might not be convenient this time!"

Guan Jiahui opened her eyes wide and said, "Are you looking for someone younger?"