Chapter 286 PCCW

Before Sun Jianhe left Beijin, Charlie Li from PCCW flew to Beijin and met with Qu Li again about Pinebridge.

Li Bancheng's family had not yet been separated at this time, and Charlie Li could not inherit Feldspar. His property was only worth a little more than PCCW, and there was not much value in making good friends.

Moreover, this guy is not a good person. He wanted to privatize PCCW at a low price during the financial crisis. He used many tricks to do this. He was reported by "minor shareholders" and is still in litigation, causing a lot of trouble.

Let's put it this way, Charlie Li is a pure businessman, and everything is based on profit, while Qu Li is an entrepreneur, doing business comes first, and making money is a matter of course.Well, it's hard to say whether this is true or not. Don't just say it or listen to it.

If Honor cooperates with Huang, even if it establishes a personal relationship, it should be with Charlie Li's eldest brother. However, it is now a seller's market, and the supply of mobile phones exceeds demand. iPhone Honor has an advantage when cooperating with operators, and there is no need for a relationship with Qu Li, so it will go to Xiangjiang this year. Visiting Li's family established a real personal relationship.

Charlie Li really doesn't have much respect in Qu Li. If he wants Pinebridge, it depends on whether he can afford the price.

"There is a commercial real estate project in Beijin, Yingke Center, which can be given to Vision..." Charlie Li took out his high-quality assets

"Sorry, Vision Investment does not require commercial real estate." Sun Jianhe declined politely.

"I really like Pinebridge. I don't know if you have any difficult things to solve. Even if I can't do it, my father can help solve it." Charlie Li pulled the tiger's skin.

"How about you sell PCCW to Envision Investment at a privatization price?" Qu Li gave a little embarrassment to Charlie. I admit that Li Bancheng is very strong, but in a few years everyone will be on the same level, and you are not alone. Can the second generation of rich people with inheritance threaten cheating?

"PCCW, who wants it?" Charlie Li asked subconsciously.

"Who else could it be? I want it."

"Hey, PCCW doesn't seem worth it..."

"Of course I know this is a sunset industry with very limited growth potential, but Jumei has a new business called cloud computing, and I think it has great development potential... This business is based on data centers and requires broadband network access... "Qu Li was very honest. Even if he told Charlie Li all the facts, he would not be able to develop cloud computing.

"Yingke Telecom is in China...you want to rely on Xiangjiang to develop international business?"

"Absolutely. Jumei has been an internationally oriented Internet company from the beginning."

Telecommunications operators are no longer a sunrise industry. PCCW has been saddled with a heavy debt burden because of Charlie Li's outstanding financial skills, and it is difficult for him to turn around. This guy has tried to cash out several times, but all because of various reasons. The problem did not succeed.Later, the pot was broken and the core telecommunications business was spun off and listed.

Even without mentioning these, PCCW has a monopoly advantage over fixed-line and fixed-line phones. The mobile phone business accounts for less than 10% of the Hong Kong market. The revenue of the entire telecommunications business is about HK$170 billion a year, but the debt is about HK$450 billion. Are you talking about a spicy chicken company?

"Do you want to use this acquisition to naturalize Hong Kong?" Charlie Li said again

"Is this still possible?" Qu Li was quite moved, "Don't worry so much, just say whether to sell or not. It's impossible for me to acquire you at a premium. According to your privatization..." Qu Li doesn't like to deal with smart people. After the failed privatization of PCCW, a special dividend of HK$1.3 was distributed, and the stock price fell to about HK$2. It was impossible for Envision Investment to acquire the company according to their privatization quotation of HK$4.2, so they gave a quotation of HK$3.

“This price is too low!” Charlie Li shook his head

"Forget it, you can't make any money buying PCCW anyway." Qu Li didn't care.

“…” Charlie Li was determined to take a gamble.

Qu Li did not talk about business with Charlie Li, but chatted about gossip. Qu Li had a daughter this year, and Charlie Li had a son with a female star. Love is nothing. Qu Li and others made a bet on Weibo to get away with Shenwumen. Even the Hong Kong media are discussing it.A reporter from the EU media used his bet to question EU central bank officials: Will a European debt crisis break out?was refuted.

Although Qu Li is a successful entrepreneur, EU officials obviously have higher authority than him. Many people ridicule him, saying that young people are ignorant.

Charlie Li asked him about the European debt crisis, and Qu Litai said that he didn't know, so he could ask Xie Hailiang. Well, someone in Xiangjiang had already invited him to give a speech.It is said that there are also hedge funds that are shorting Greek government bonds. What is even more coincidental is that Vision Investment has funds invested in short-selling hedge funds.

We must know that the scale of Greek government bonds is about 3000 billion euros, and the yield on ten-year government bonds is about 4.5%. By 2012, it rose to more than 40%. That is to say, Greek government bonds with a face value of 100 euros in the past can be purchased for about 60 euros by then. .It shouldn’t be difficult to short 10 billion euros with increased leverage, right?Earning one to two hundred million a year is not a lot, right?

Of course, these things have little to do with Qu Li, and he doesn't understand hedge funds.Charlie Li did not give a direct answer, so Sun Jianhe had to make two preparations, while Qu Li went to Juyun Technology to understand the situation.

I have to admire Qu Li's wise and decisive attitude. As early as 2008 when Juyun Technology was established, he applied for IDC and ISP licenses. After that, the Guo family suspended the application for these two licenses until reopening in 2013.

In other words, in the past few years, even if Amazon, Microsoft, and Ali Cloud want to expand into the domestic market, they have to find other companies with licenses to cooperate. As long as Juyun Technology has money, it can be many years ahead of its competitors.

Unfortunately, IDC data center is an asset-heavy industry and requires a large amount of capital investment. Although Jumei successfully raised funds, Shopee gave priority to this money, followed by domestic e-commerce and logistics, followed by financial payment and information security, and was allocated to cloud computing and IDC. Data center funding is scarce.

Qu Li's desire to acquire PCCW was a sudden idea, but it also had a theoretical basis. Cloud computing must reduce latency, which means the network speed must be fast, and optical fiber transmission must be used.

In the future, Google, Amazon, Microsoft, and FB will compete to build free submarine optical cables. It seems that Ali Cloud cannot build this kind of communication infrastructure in China and can only rent it. The cost should be much higher than that of American cloud computing companies.

If PCCW can be acquired, it is hard to say domestically. Foreign markets can at least use this platform to participate in the construction of transnational submarine optical cables. Of course, the most important thing is to facilitate participation in the construction of overseas data centers. If a competitor cuts off the network and power, because If poor management causes long-term downtime, you'll be in trouble.

Aliyun Xiangjiang users were down for up to 24 hours. The disadvantages of renting a third-party data center are obvious. If they are all in-house companies, the probability of problems with Jumei Cloud can be reduced to some extent.

Qu Li went to Juyun Technology to appease Wang Jian and others. Their cloud computing public beta has been running for more than a month, and many problems have arisen, so the funds Lu Qi arranged for them may be reduced, which is when they feel depressed.

The good news Qu Li gave them was that he and Well Vision Investment would be responsible for all the investment in building the IDC data center.By the way, I discussed with them the location criteria for the IDC computer room, which should be safe and stable, with low electricity bills, and preferably energy-saving...

A few days later, Charlie Li came back. After all, he wanted Pinebridge more and didn't like PCCW. This time he found Qu Li and agreed to sell PCCW, hoping to increase the purchase price to HK$3.5.

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