The Growth of the Richest Man
Chapter 138: preparatory funds
The investor chosen by Gong Min is undoubtedly Zhang Yong. In the past, Gong Min developed 3D film technology. At that time, when he was strongly requested by Hollywood to buy out the patents of 3D film technology, Zhang Yong not only strongly refused, but also made the domestic production shine in the Hollywood market through two low-cost, high-yield films in one fell swoop. , shocked all four, such a strong, rich, and very talented investor is Gong Min's first choice. Gong Min doesn't have to worry that Zhang Yong will sell that priceless USB flash drive for money. .
But Gong Min is asking for a $1 billion investment? Is this investment a sky-high asking price? Of course not. Back then, Ms. Dong from Gree Group invested 50 billion to make air conditioner chips. However, even if she invested 500 million, the investment was in vain in the end. Gong Min only asked Zhang Yong for 1 billion US dollars, which was less than one-fifth of Miss Dong's investment. Zhang Yong was still very skeptical about this investment, whether it was enough or not. It is estimated that Gong Min also wanted to quote a higher number. But I was afraid of scaring Zhang Yong, so I applied for a small initial investment first.
But this money, although a lot, Zhang Yong can still get it.
Zhang Yong's major companies, film and television companies, have a working capital of 1 billion yuan; Hammer Company, which sells millions of mobile phones a month, and a month's net profit is close to 1 billion yuan. After one year's sales, it will make all the money. The net profit can reach more than 10 billion yuan; the Renren department is the richest. The Renren Mall and Renren Wallet are only prepared for payment, which is about 2 billion yuan, and the most cash-rich is the Renren department. three financial products.
At present, the balance of Yu’ebao is around 50 billion yuan. This scale has shrunk further than before. The reason is very simple, because now Renren Fund is open for subscription, and the market demand for funds is strong. A lot of money is diverted to other financial channels.
The balance of Renrendai has exceeded 20 billion. In the past, the money that Renren loaned was often mainly lent to students. Now, as many of these students enter the workplace, they have a fixed income and the line of credit has been increased. Moreover, Renren loan is repaid to each other. Some of the high-quality customers of the blog are also allowed to issue some loans.
The largest is Renren Fund. Now the capital scale of Renren Fund has reached more than 300 billion yuan, an increase of three times compared with half a year ago. Large funds, and in the world, has always been a large fund.
Due to the relatively large scale of assets, it is impossible for Renren Fund to invest all in one channel. At present, about 10% of Renren Fund’s investment channels are used to invest in the domestic A-share market, 10% are used to invest in the Hong Kong stock market, and 30% are used to invest in the Hong Kong stock market. Investing in overseas stock markets, 10% is invested in gold, 10% is invested in oil, 20% is used to invest in treasury bonds and other short-term deposits and financial management is paid as funds, and finally 10% is flexibly used by Zhang Yong for long-term equity. Investing, even angel investing.
Now, Zhang Yong needs a lot of money to develop the controllable light source manufacturing technology for lithography machines. Zhang Yong considered that half of the money could be paid by Hammer Company. Originally, Meditation Company has undertaken many research and development tasks of Hammer Company, so it is most appropriate for this research and development fund to come from Hammer Company. But the cost is too much. If the Hammer Company is all issued, the Hammer Company will have liquidity risk, so it is better to let them only pay half. The other half, just use the long-term equity investment funds in the Renren Fund.
Of course, nominally, because of the relationship between Renren Fund and Meditation Technology, money cannot be directly invested in companies under the same boss, otherwise, there is suspicion of money laundering, and it is very obvious. But there are more ways than difficulties. Zhang Yong first invested the money in a TF company that was in his name, but it was abroad and belonged to a foreign company, and then a TF company would invest in the project. Although this is still the same in depth, because it involves multinational companies, the related party transaction policies can be avoided.
Moreover, there is also a great advantage. After all, TF company is also an American company. The high-end technology invested and developed by their company will be more smoothly when they enter the American market in turn. There will be no Too deep trade barriers.
In this way, after the funding problem was solved, the project was finally completed, and the research institute of optical equipment was established, ready to start the development of the controllable light source manufacturing technology of the luminous engraving machine.
The cost of purchasing research equipment and hiring researchers is very high~www.wuxiaspot.com~ Moreover, the research and development of such high-tech equipment also requires the talents of colleges and universities, so the research and development of some key projects, It was entrusted to the school to carry out, among which there are several academician teams. The research and development cost of a sub-project is often in the order of millions or even tens of millions. According to the document, this total project needs to be divided into thousands of sub-projects, so the estimated price $1 billion is a completely conservative estimate.
Increasing capital investment can increase efficiency, but the research of some controlled projects is not only accomplished by increasing financial investment, but also requires a large amount of research data obtained by repeated experiments. The acquisition of these data takes a lot of time, sometimes , it takes not only time, but also a little luck. For example, the 2013 Nobel Prize in Physics was awarded to the person who discovered the Higgs boson, and the Higgs boson has extremely harsh production conditions. The production ratio is very low, and it is extremely unstable. It will decay immediately after being generated, so the Higgs boson can be observed, just like winning the lottery. Whoever finds it first is completely beyond the control of human beings. The Higgs boson is also called the "God particle" by physicists, and only God can control its discovery.
Of course, the manufacturing technology of the controllable light source of the lithography machine is not as difficult as the God particle, but it is estimated that it will not be developed within a few years.
The R&D team that interests Zhang Yong the most is a research team called Academician Chen Guoliang. This academician, who is nearly seventy years old, is still working hard in the field of computer science. But what Zhang Yong is interested in is not the academician himself, but one of his students, Chen Tianshi. In the future, he will be the boss of the Chinese Academy of Sciences Cambrian. This company, in the field of smart chips, has some in the world. famous.
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