Save the Bachelor of Heaven

  Chapter 1474 1476 [Internet bubble]

  In 2000, Kunpeng Real Estate was still developing strongly, and its influence had expanded from Yanjing to Shanghai, Suzhou, Hangzhou, Shenzhen, Jinling, Zhuhai and other places.

  In general, it is developing towards the south.

   First, the economic development in the south is more rapid; second, the real estate policy in the south is more favorable.

  The development strategy is still three fast, fast acquisition of land, fast development, fast payment. Under this development strategy, Kunpeng Real Estate has also developed rapidly, with sales and profit margins maintaining rapid growth of more than 30% for many years.

   This also made the stock price of Kunpeng Real Estate remain strong after the Asian financial crisis, and its market value has risen to about 20 billion.

   Compared with when it was listed in 1996, it has nearly tripled in size. As a result, Xiang Nan's net worth increased by tens of billions, which made many colleagues envious.

   However, it is very difficult for them to copy Xiang Nan's approach.

   On the one hand, they don't have as good contacts as Xiang Nan. Although the government has listed real estate as a pillar industry since 1998, it has given preferential treatment and support from all sides.

  But it is still not easy for real estate companies to get loans. In 1993, before the real estate bubble in Hainan, it was in stark contrast. At that time, bank loan approval was very easy, and tens of millions of loans could be settled with one phone call.

   Without such ample funds, they still want to have a high turnover, but it is difficult for a clever woman to cook without rice, so naturally it will not work.

   On the one hand, they don't have as good vision as Xiang Nan. Xiang Nan has a lot of real estate knowledge, and he basically knows how an area will develop.

  So he bought the land ahead of time, and when the time comes, when the government is developing, he will just go there to develop the real estate. In this way, when the government's supporting facilities are completed and Xiangnan's real estate has just been built, naturally it will not worry about selling.

  Other companies do not have his foresight, and the development of real estate is either too early, and the supporting facilities cannot keep up, resulting in failure to sell. Either the development of the real estate was too late, and the funds were all pressed on the land, so naturally high turnover could not be achieved.

  So they can only watch Xiang Nan get rich.

  …

  In March 2000, the US Nasdaq index soared to its highest point, 5,048 points.

  In 1994, the highest index of Nasdaq was only 892 points. In six years, it has increased by nearly five times, which shows how hot the Internet is.

  However, there is an old saying in China that says when the moon is full, it will lose money; After Nasdaq climbed to 5048 points, it began to decline slowly.

  On the one hand, it is affected by the Fed's interest rate hike. The Federal Reserve believes that the price-earnings ratio of Internet listed companies is often more than two hundred times, which is very unhealthy, so it raises interest rates to curb the Internet bubble.

   On the one hand, the Japanese economy has fallen into recession again, causing panic in the market. Capital has sold stocks one after another, which also led to a rapid decline in stock prices.

   Coupled with the media's panic rendering, and the fact that there is a big bubble in the Internet. Therefore, by April, the Nasdaq had lost a quarter of its value.

  In 2001, the September 1990 incident occurred, which further caused market panic. Therefore, it was not until 2002 that the Nasdaq stopped its slide and began to rise slowly.

  By then, the Nasdaq index had fallen to less than 1,500 points, nearly three-quarters lower than its highest point.

  The stock prices of most Internet listed companies have fallen in a mess, and NetEase and Souar have fallen to less than one dollar. Compared with the price when it was first listed, it almost fell to grandma's house.

   What's worse is that because of the sharp drop in stock prices, capital is no longer optimistic about the Internet industry, which has caused a large number of Internet companies to have difficulty in financing, and they don't even have enough money to continue their operations.

   Under such circumstances, naturally a large number of companies are forced to close their doors. The rest, even if they survived, are lingering. According to statistics, in this Internet bubble, a total of 5 trillion U.S. dollars was wiped out, and countless investors lost everything.

  In contrast, Xiang Nan jumped off the car ahead of time to survive before the bubble burst, and he was safe. It's really too smart.

   Moreover, he also took advantage of other capitals withdrawing from the Internet industry one after another, so many Internet companies lost their investment and were waiting for food, and made a comeback again and got a lot of shares.

  For example, in the previous Netease, Souhu, and Xinlang, he only got half of the shares. If there are more, either the price is too high, or they will not be sold. Now that the stock price has fallen to nothing, he has easily obtained 30% of the shares.

  …

  Selling the stocks ahead of time, the pockets are safe, allowing Xiang Nan to avoid losses of billions of dollars, and also allowing him to successfully cash out nearly 5 billion dollars. Compared with the investment a few years ago, he has made dozens of times the money, which can be said to be a windfall.

  In addition to this income, the film and television adaptation rights of Xiang Nan's novels "The Matrix" and "Harry Potter" were finally sold.

  In the past few years, the scripts produced by Xiang Nan have always achieved good box office in Hollywood. For example, "Detective Airplane Head", "Peerless Catastrophe", "Brave to the Island of Death", "Prison in the Sky", "Game of the Brave" and so on.

   Therefore, although "Harry Potter" and "The Matrix" have been launched for several years, the popularity has declined, but Hollywood companies still love them.

   Now that Xiang Nan finally let go, the major film companies naturally snapped up a piece.

  In the end, Xiang Nan chose to cooperate with Disney Pictures.

  Because Disney offers the best conditions.

  In the late 1990s, since Pixar launched the 3D animation "Toy Story", Disney's traditional animation market has been greatly impacted.

  The outside world believes that Disney is likely to be finished. This made life very difficult for it, and its stock price fell sharply. It is precisely because of this that it urgently needs a new story to maintain the company's stock price.

  Xiang Nan's "Harry Potter" series, the audience is Disney's most wanted teenagers.

  If it can get the "Harry Potter" series, then not only can it make movies, but it can also build Hogwarts in Disneyland, allowing tourists to experience the magic of the wizarding world.

  As soon as the tourists came, the ticket money, catering expenses, and shopping expenses also flocked in. Therefore, for Disney, "Harry Potter" is really a once-in-a-lifetime IP, and it is precisely because it did not hesitate to sign very harsh and generous cooperation terms with Xiang Nan.

  Xiang Nan can't help but have the right to directly participate in the box office share, and can also participate in the share of tickets and peripheral products.

   That is to say, if Disney builds Hogwarts Castle in the park, then Xiang Nan can get a cut of the tickets. And every time tourists buy a Harry Potter peripheral product, such as wands, Hogwarts uniforms, candy, etc., Xiang Nan can get a sum of money.

  Although the proportion is not high, Disney receives hundreds of millions of tourists a year, which is quite impressive. It is no exaggeration to say that earning 100 million a year is not too much.

  (end of this chapter)