Chapter 1534 Thick-Skinned

May 18th.

Just one hour before the financing of Yuanfang PP-related industries, Yuanfang announced the financial report of the spin-off industry.

PP and related industries, in the first quarter of 2009, had a total revenue of RMB 3 billion and a profit of RMB 1.4 billion during the period.

The Internet industry, especially the profitable Internet industry, once profitable, will have a high profit margin, which is almost the norm in the industry.

As long as the business is on the right track and starts to make a profit, the proportion of expenses relative to income is very low.

This is also one of the reasons why the market value of Internet companies remains high. After burning money in the early stage, as long as they grow bigger later, they will almost certainly make money.

This is the first-quarter financial report of Yuanfang's spin-off industry, and Teng Xun's first-quarter financial report has actually been announced long ago.

At that time, Yuanfang hadn’t done anything to Teng Xun yet, and affected by the overall expansion of the market, Teng Xun’s first quarter report was actually pretty good.

In the first quarter, Teng Xun’s total revenue was RMB 2.5 billion, and the profit during the period was RMB 1 billion.

Judging from the first quarter, in fact, Yuanfang’s revenue and profit have surpassed Teng Xun’s. It’s not that Teng Xun was weaker than Yuanfang at that time. The key is that the profit of Yuanfang’s game industry is much higher than that of Teng Xun.

Let’s just say f, after Teng Xun made a profit, he would still distribute half of it to Yuanfang. This is the main reason for the gap in revenue and profit between the two.

The first quarter financial report of the two companies was announced. If they are merged, according to the financial report, the total revenue in the first quarter will be 5.5 billion yuan and the profit will be 2.4 billion yuan.

In fact, it is not possible to simply add the data.

Nor can it be assumed that revenue and profits will decline just because Teng Xun was defeated by Yuanfang in the second quarter.

In fact, with the integration and reorganization of the two, a monopoly situation has emerged in the field of instant messaging. In the game business, Yuanfang and Tengxun have joined forces to become the number one in the industry, including some related fields. After the integration of the two, the market share will increase greatly. .

It is obvious to all that the bigger the industry, the wider the development prospects.

The reorganization of Yuanfang and Teng Xun may take some time to complete the integration of resources. After the end of the second and third quarters, in the fourth quarter, almost everyone in the industry and outsiders believes that Teng Xun will achieve a major breakthrough in revenue and profit.

At that time, it will not be comparable to the total revenue of 5.5 billion in the first quarter.

According to the evaluation of professional organizations and the growth rate in the past, if the resource integration is smooth, it is not surprising that Teng Xun's revenue will reach 10 billion yuan in the fourth quarter of 2009.

As for profit, the profit rate of a monopoly will only increase, not decrease.

Even according to the previous ratio, the profit in the fourth quarter will not be less than 4 billion. In the whole year, if the profit of the new Tencent Group meets expectations, it will exceed the 12 billion mark.

If calculated purely from the static price-earnings ratio, according to Teng Xun's ratio, the total profit last year was only about 2 billion yuan. Before being defeated by Yuanfang this year, the market value had already exceeded the 150 billion Hong Kong dollar mark.

Don’t calculate too much, just look at this data, and use the static price-earnings ratio to make a comparison. In 10 years, the market value of the new Tencent Group can reach 900 billion Hong Kong dollars!

Converted into U.S. dollars, it also has a market value of 120 billion U.S. dollars.

...

These data are widely circulated on the Internet.

How did it spread?

Who helped with the calculation?

All the investors in the banquet hall, all the investment banks, stared at that stinky shameless guy on the stage, who else could say anything but him!

Whose company can maintain this price-earnings ratio after reaching this scale?

Also, who said that this year's profit will exceed 12 billion?

You said a breakthrough is a breakthrough?

One plus one is not necessarily greater than two. The entire market size is here. If you say it is greater than two, it is greater than two?

Many heads of investment banks had black lines all over their faces, and they stood silently watching Li Dong's passionate speech on the stage.

on stage.

Li Dong danced and said with grief: "The next few years will be the golden age of the Internet industry!

No, some people said a few years ago that the golden age of the Internet is over,

Then the next few years will be the diamond age!

Especially with the advent of the mobile Internet era, among other things, just a WeChat can not be reflected in tens of billions of dollars.

In 10 years, Yuanfang Tengxun will definitely bring you an unimaginable wealth!

Next year, even if Teng Xun does not break through, and continues to grow naturally, the market value will exceed 120 billion US dollars, or even 200 billion US dollars!

But now, with 300 million shares and 2 billion US dollars in financing, some people still hesitate, and some people think the price is too high?

Everyone, everyone wants to make money, but people can't be too greedy!

The investment institutions that have followed my Li Dong all the way, who are not making a lot of money, such as those institutions that have raised funds in the A round of Weibo, have not yet been listed, and they have made a lot of money.

How long has it been?

Only one year!

And Teng Xun is reorganizing and resuming trading this time. From the suspension to the resumption of trading, it takes half a year or three months!

In less than a year, you have achieved a rate of return of 300% or even 400% and more than ten times. Is there anyone who is not satisfied with such a return?

Don't say I'm bragging, Li Dong, I'm stepping on my feet now!

What I say, there is nothing that cannot be fulfilled!

At the beginning, I said that the mall will be the world's number one e-commerce platform, and now it is almost here. Although the second quarter is not over yet, according to the performance statistics of April and the first half of May, we have already surpassed Amazon!

I said that Weibo should be the number one social platform in the world, and now it has reached it. We have surpassed social networking sites such as Faebk.

You say, is this bragging?

I said that Teng Xun's market value will exceed 120 billion US dollars next year. Who doesn't believe it, stand up now!

All the cameras present were facing him, this year you stand here and say, Li Dong is all nonsense!

Don't worry, I won't trouble you. I will release the video next year and make you ashamed!

A mere $2 billion is not a family, but there are still people who question me, Li Dong!

For so many years, people who questioned me, now either they can't get along anymore, or they regret it heartbreakingly, regretting that they didn't believe in me, Li Dong, and didn't follow me, or else, who doesn't make money now earned a lot? "

Li Dong was spitting, and then said: "Subscribe on the spot today, 300 million shares, 2 billion US dollars, you can figure it out yourself.

To put it bluntly, some people rushed to invest in me, and many people even called me, telling me not to raise money publicly, but just allocate it and forget it.

What is 2 billion US dollars? There are too many rich people.

If it weren't for fulfilling my promise, this year's theme is sharing, do you think you still have the opportunity to bargain with me here?

In addition, because this time the trading is resumed in Xiangjiang, I will favor mainland China and Xiangjiang institutions a little bit, and give you 180 million shares and 120 million foreign shares.

There are fast hands, but there are slow hands.

I like people who talk about efficiency. You can register now. You don’t need to ask about other things. If you want to check the information, we have the information for you to check. Go back and take a look.

Subscribe today, the money will arrive in the account within three days, the contract will be signed, and then you can just wait and count the money, and don’t worry about anything else.

Don't mention voting rights and management rights to me. The old rules are common shares.

If you don’t talk about efficiency when making money, why do you talk about efficiency?

Quick fix, the sooner it is done, the sooner the trading will be resumed, you will finish the processing within three days, and we will resume trading and listing within three months.

Okay, that's all for now...

By the way, I forgot to mention that there are quotas. According to the strength of each company, the quota is different, and we don't hide it. We definitely welcome those with stronger strength and have greater influence.

As for those who are weaker, that's fine. Some people say that I'm not short of money, and that it's useless if I'm not short of money, and I need influence.

When it goes public, you can’t help, you can’t talk, and it’s useless if you have money. If you have money, don’t I, Li Dong, have no money?

If it's really just for money, why should I ask you? I just go to the bank to borrow tens of billions, but the bank won't lend me it?

There is no need to make things too complicated for the $2 billion matter.

If it weren't for people here, there would be no need for this financing meeting to be held with great fanfare. Is it necessary? "

Li Dong had a contemptuous attitude, walked down the steps after speaking, and said to Liu Hong beside him: "There is no need to make any speeches, it's unnecessary, it's a waste of time.

That's it, start to register and subscribe now, if you don't want to lose face, you can contact privately after the meeting is over, but it's hard to say whether there will be any remaining shares at that time. "

After saying this, everyone fell into a state of silence.

Damn, I've never seen such financing!

You didn't even show us the information, and you didn't talk about the future prospects. You just started to subscribe on the spot. Do you really think that 2 billion US dollars is not money?

I thought so, but no one refuted it.

Some things, in fact, whether you say it or not, everyone knows it.

If you really think that after bragging a few words on stage, everyone will foolishly spend money, then you must be stupid, and you have underestimated your own industry.

And what Li Dong should brag about, he has already finished bragging about it.

A few days ago, I told the ih companies that the market value of 50 billion U.S. dollars next year is no problem. Today, Li Dong has blown it to more than 120 billion U.S. dollars. How else can I boast?

No matter how dare Liu Hong and the others dare to say, they dare not say that the market value will reach 120 billion US dollars next year.

Not to mention Liu Hong, looking around the world, almost no one at the level of a real business tycoon would dare to say such a thing.

Today, Google is the number one Internet company in the world, with a market value of more than 140 billion US dollars.

According to Li Dong's words, next year Teng Xun may surpass Google and become the number one in the world.

Since when has the number one in the world been so cheap?

...

The managers of the investment bank were discussing and discussing in low voices.

But Li Dong ignored them, walked up to Ma Yun and the others, held a glass of wine and said with a smile: "I made you laugh, for such a trivial matter, you actually came here in person.

I don't know, I thought you guys were going to mess things up. "

Ma Yun sneered and said, "I'm not like some people!"

At the time when he took out treasures to raise funds, Li Dong went over and ruined the place, and it was still a very serious behavior of smashing the place.

At that time, the financing was almost ruined, and Ali almost fell into a situation of internal and external attack.

Fortunately, Ma Yun took it that time and even accelerated the financing speed.

This time Li Dong raised money, if Ma Yun didn't have any idea of ​​revenge, it definitely didn't exist.

But what the hell, how did Li Dong raise money?

There is no chance of smashing things!

Not long after they came in, Li Dong started to blow on stage, and it was not easy for everyone to interrupt in the middle.

Now that Li Dong has finished playing, what else can they say?

Don't look at these people from the investment bank who are still discussing and still have a hesitant attitude, but Ma Yun and the others are all veterans, so they can't tell.

If they were really not interested or dissatisfied, they would have to leave on the spot based on Li Dong's previous words.

It's good now, everyone is saying that Li Dong is too good at bragging, too good at talking, money is not money in his mouth...

But since they are so dissatisfied, why don't any of them leave!

One by one, they squeezed towards Liu Hong and the others, what a shame!

Ma Yun and the others were jealous and envious in their hearts, but they had to maintain an indifferent attitude on their faces.

Li Dong has an attitude of not caring, as if it doesn't matter if 2 billion US dollars is worth it. If they outsiders care more than Li Dong, wouldn't it be a shame?

People like Ma Yun and Li Yanhong insisted, Liu Qing is a junior anyway, she doesn't care about these things, and she doesn't care much at this time, and said with a smile on her face: "Mr. Li, 2 billion US dollars is nothing to you, but It's an astronomical sum for us..."

Before she finished speaking, Li Dong said in displeasure: "Return to Mr. Li? I told you earlier, don't be too polite with me.

Forget it, don't worry about these.

You think 2 billion US dollars is too much, and I didn't let you pay it.

Not to mention whether Goldman Sachs can spend so much money now, even if it can, I didn't tell you, right?

You big investment banks, we have relaxed the limit, the maximum is 30 million shares.

It's only 200 million US dollars. If you have the ability, you can subscribe more. If you can't, you can subscribe less. I didn't force you.

Don't bargain, it's pointless.

And to be honest, the eldest niece is not your money, why do you care so much every time?

Boss Liu didn't even make a counter-offer, it's still his own business, why bother if you help outsiders to bargain.

If it weren't for the investment banks like Goldman Sachs, which also have some influence in the Hong Kong financial market, none of them would even be able to enter this time.

There is no need to discuss the price, but the issue of quota, if you are really interested, I will give you a few million shares to float up a little bit, and nothing else needs to be said. "

Liu Qing looked helpless. If you want to say who the current financial institutions hate to deal with the most, it is Li Dong.

Li Dong is the one who hates financing companies the most!

But Li Dong is still my favorite.

Because Li Dong can lead them to make money, but his mouth is too poisonous and his personality is also domineering.

Of course, overbearing is also based on a certain foundation.

Back when Li Dong hadn't risen, he dared to be so domineering. Even if his company was listed, even if the revenue and profit passed the test, these investment banks would have a way to make him unable to eat.

But it's different now, as Li Dong said, his fame and status are here, if you don't invest, someone will.

If you don't want to, someone will.

You think it's expensive, and someone thinks it's okay to make money.

If you want to sabotage, the first thing you will face is not Li Dong, but your peers, the peers who invested in Li Dong.

Although Teng Xun has nothing to do with Weibo, if someone sabotages Teng Xun, the investment banks that have invested in Weibo will not agree, because it is related to the entire industrial chain in the distance.

In this case, Li Dong naturally has a strong capital.

On Liu Qing's side, everyone didn't say too much, Ma Yun and the others saw that there was no way to destroy the financing, so they let go of this thought.

While drinking from a wine glass, Ma Yun asked curiously: "30 million shares, the financing alone is 200 million US dollars, Li Dong, how much share capital does Ma Huateng have now?"

As soon as this was said, many people became interested.

Ma Huateng previously held 14% of Teng Xun's shares, holding nearly 240 million shares. If this share is maintained this time, the value will reach 1.6 billion US dollars.

Before this change, Ma Huateng held about 220 million shares, and the remaining nearly 20 million shares were repurchased later.

When Teng Xun reached its peak at 82 Hong Kong dollars per share, Ma Huateng's net worth also reached its peak, and with his own funds, it looked like 2.4 billion U.S. dollars.

If the 240 million share capital can still be kept unchanged and Teng Xun resumes trading, Ma Huateng should not suffer too much loss from a financial point of view.

What Ma Yun and the others actually asked was not money, but Ma Huateng's influence in Teng Xun, and even the next step.

If Ma Huateng still holds so many shares, then his influence in Teng Xun will not be too weak, which also shows that Ma Huateng may not necessarily give up and continue to fight.

Once the fight goes on, they have a chance.

Sometimes, seemingly irrelevant topics are very important to them, and they can even make some predictions and layouts in advance.

But Li Dong is not an idiot who doesn't know anything up to now. Hearing this, he smiled and said: "Brother Ma is righteous, this time we bought Teng Xun's shares, he said he would not compete with shareholders and employees for profit, and he gave up A majority.

Now, if you hold 100 million shares, we will pay him 3.2 billion Hong Kong dollars. "

"100 million shares..."

Everyone frowned slightly, it seemed that Ma Huateng had really given up on Teng Xun.

100 million shares, with the current plan, occupying 2% of the shares of New Teng Xun Group.

And Teng Xun's management and employees have also experienced a shareholding reduction this time. The current shareholding is only about 100 million shares, or 2%.

The most likely are IH and Absa, which together hold 500 million shares, accounting for 10% of the total share capital.

There are about 300 million shares in the secondary market, accounting for 6%.

The newly entered investment institutions hold a total of 300 million shares, accounting for 6%.

After repurchasing 700 million shares, Yuanfang holds a total of 3.7 billion shares, accounting for 74% of the shares!

Of course, this is the ratio after the reorganization. If trading is resumed, new shares will inevitably be issued. It depends on how much Yuanfang plans to go public to raise funds.

But in any case, Ma Huateng and Teng Xun's management only hold 4% of the total shares, and Yuanfang 74%. The two are not comparable, and Ma Huateng has completely given up.

If he doesn't give up, it won't be him who will reduce his holdings at this time.

He made the condition that he would not reduce his holdings. In order to win Teng Xun, Li Dong would not force him to reduce his holdings. It is even possible that Ma Huateng asked to increase his share capital.

It can be seen that Ma Huateng has already made a decision.

Thinking of this, many people sighed in their hearts, the little horse is not strong enough, the business has failed at this time, and it is entirely possible to seize power through administrative means.

Staying in Teng Xun, increasing the shares in his hand, getting the right to operate, maybe one day he will take Li Dong away.

Fighting with Li Dong for a few years, what a wonderful thing, why do you have to leave.

They regretted it, but Li Dong sighed: "Brother Xiao Ma said, the share capital in his hand may be released when it goes public.

But no matter what, in the end, with the 3.2 billion Hong Kong dollars now in hand, the funds that Brother Ma can use are nearly 10 billion Hong Kong dollars.

With so much money, you can do anything.

I heard that Brother Xiao Ma may be working on a game platform alone this time. Teng Xun's game business is still good, and he has experience.

If you don’t make games, then do search business, or do portal network..."

Li Yanhong, Chen Tianqiao, Ding Lei, and Cao Guowei looked at him at the same time, and then they turned their heads to look at him with disdain.

Are we idiots?

Actually scare us!

Despite the indifferent expression on their faces, there were waves in their hearts.

Among other things, Ma Huateng has more than 3 billion Hong Kong dollars in cash flow in his hands. If Ma Huateng continues to cash in after the resumption of trading...

Li Dong's shares cannot be fully cashed out, and there is a sales restriction period, but now Ma Huateng does not have this restriction.

Once cashed out, it may really exceed tens of billions of Hong Kong dollars!

So much money, whether it enters the game industry or enters other fields, will have a considerable impact.

Especially since the other party was one of the previous giants in the industry, it would be a lie to say that there was no pressure.

Fortunately, the portal said that it is still possible for Ma Huateng to enter the game field and specialize in the game business.

As for Shanda and Netease, they are both doing it now, and Li Dong has already widened the gap with them. In fact, he is not too competitive with them.

Ma Huateng didn't need it. Once he restarted, he would become their biggest potential opponent in a short time.

...

Ma Yun saw Ding Lei's face fluctuate slightly, he couldn't help but sighed, walked up to Li Dong and said in a low voice: "Seriously, who did you learn your lip service from?

You are not very old, and you don't have too much experience, but you can't even talk about it, even these guys can't compare with you. "

Li Dong sneered and said: "A group of technical geeks, what's there to fight with them?

But having said that, you are the only guy in the industry who is not weak at talking. Also, you are a technical idiot. If you can't even talk, you are really an idiot. "

Ma Yun sneered: "No matter how bad my skills are, I should be better than you."

"joke!"

Li Donggang was about to refute, when Zhao Ting, the president of the communication company, came over and reported in a low voice: "Mr. Li, the financing is over."

"What?"

Li Dong was surprised, and Ma Yun hurried over.

Zhao Ting saw that Li Dong didn't chase him away, and knew that Li Dong didn't mind this, so he repeated again: "The 300 million shares have been subscribed, which is a price of 2 billion US dollars. CICC, BOC, ICBC, CITIC, Goldman Sachs, Morgan Stanley ...These companies almost won more than 80% of the shares, and the rest was divided among some small and medium-sized investment banks and securities firms..."

Before he finished speaking, Li Dong burst out laughing.

In the banquet hall, everyone turned their attention.

Li Dong laughed as if no one was there, and after a while, Li Dong said loudly: "Everyone eats and drinks well today, and there is no need to talk about other things. The 300 million share capital has already been taken, and the others are waiting for the next opportunity." Bar!"

"What?"

"Have they all been captured?"

"Damn it! How long has it been? Bastard, didn't they say that the price is high, so they need to consider it?"

"You're stupid, you take it seriously. Originally, there was not much equity in the financing, 300 million equity, so there are more wolves and less meat. Fortunately, I just won 5 million shares..."

The entire banquet hall became noisy in an instant, and some people from investment institutions were upset. Couldn't he spend so much money these days?

$2 billion, it's over in half an hour!

Don't say they were upset, Ma Yun and the others were almost stunned to death.

Is there such a big gap between people?

In the past, the amount of financing was only half of Yuanfang's financing, and there were almost no major problems in the end.

It’s okay to pay for treasures. For other Internet companies, let alone 2 billion US dollars, it will take three to five months to raise 200 million US dollars.

The distance is good, and it will be over in half an hour!

There is no harm if there is no comparison. At this time, Ding Lei and the others felt a little regretful, and they knew they would not come.

What are you doing here?

Not to mention my own affairs, but I also witnessed Li Dong's dominance and unparalleled aura!

What is toughness, this is toughness!

They raised 2 billion U.S. dollars, and the price was not low. It turned out to be easier than they raised 2 million U.S. dollars. Does he still have the face to stay?

If it weren't for running away now, it would be even more embarrassing. At this time, many people really want to run away, it's so embarrassing!

Many people couldn't help looking at Ma Yun, we are okay, there is no financing recently, and there is no comparison. You have only raised funds not long ago, don't you feel inferior when you see this scene?

But when they really saw Ma Yun's reaction, many people sighed again, these days, they are still thick-skinned and eat well.

It doesn't matter whether the old horse really doesn't care or not, at this time he is congratulating Li Dong with a smile on his face.