Chapter 1702: Speed Up
Yang Dongxu started visiting relatives on the second day of the Chinese New Year and went to Hangzhou on the seventh day.
Zhou Ya and his son Wenchen did not come with him. They would stay at home until the fifteenth day before returning to Shanghai. Wenchen happened to start school after the fifteenth day.
Hangzhou has developed very fast in recent years, especially with the emergence of two Internet companies with star machines. The housing prices in Hangzhou are much higher than those in the same period of time in another time and space.
One of the two companies with star machines is naturally Ali, and the other is Xuri Technology.
Especially Xuri Technology. On the surface, Xuri Technology is just an Internet company with YY dating as its core and making a lot of profits from games, which is very similar to Tencent in another time and space.
But in fact, if you can take stock of the other departments of Xuri Technology, you will find that it is a business empire covered with game technology and dating software.
First of all, not to mention the 361 series of products that everyone is using now, the investment department alone is a hidden crocodile.
Yang Dongxu obviously had high hopes for YY, so when YY had not yet come out and Xuri Technology was still making games, he let Chen Xin control the investment department and started to attack everywhere.
For example, the previously popular website Campus Network, Xuri Technology was an angel investor at the beginning, and after several rounds of financing, it grew in size.
Feeling that there was a certain threat to YY, he directly used his status as a major shareholder to merge it into YY. Now YY has a campus dating function, and you can enter by clicking the green grass under the avatar.
For example, the currently very popular Dianping, Ganji.com, 58.com, Tongcheng.com, Ctrip.com and many other popular websites now have Xuri Technology's investment behind them.
In short, as long as there is a promising industry, Xuri Technology will invest. Those that are helpful to YY's growth will be absorbed, those that are threatening to YY will be merged first, and those that fail to merge will be directly suppressed.
For those that are not threatening to YY's growth and can make money, not only will they be angel investors, but they will also continue to follow up with the subsequent refinancing until they feel satisfied with the return rate, and then withdraw and leave, with a lot of gains.
So don't be envious of the fact that Xuri Technology has made a lot of money in recent years by relying on YY and games. If the investment department calculates the various returns, the rate of return is also frighteningly high.
At present, the reputation of Xuri Technology Venture Capital in the circle is also very famous. Chen Xin has already been called the female god of wealth.
So looking at the entire Internet market, although Xuri Technology does not occupy half of the market on the surface, the hands of the investment department in secret are almost covering the entire industry.
For example, in the popular online shopping now, Yang Dongxu invested in Ali and Jingdong. He even has contacts and cooperation with hidden bigwigs like Huawei who are engaged in real technology.
Except for those that have already emerged before, such as Baidu, the four major portals, and Lenovo, Yang Dongxu did not take action. Behind other emerging Internet companies, it seems that his shadow is behind them.
Even among these companies that he did not invest in, he has fleeced NetEase, one of the four major portals, and bought Baidu's stocks. Even the richest man Chen of Shengda has made a lot of money from him. It can be said that he has basically taken a bite of any cake that can be seen.
In the office of the chairman of Xuri Technology, after reading the summary of last year's investment report and the selection of investment projects this year, Yang Dongxu spoke.
"After Dangdang.com went public, the shares will gradually be reduced."
When the investment department was established, Yang Dongxu worked with the investment team formed by Chen Xin for a period of time.
Just like when the game department of Dongxu Technology was just established, he led the Legend Game Group to first build the company structure, then set up an orderly server, and then made various suggestions for game promotion. He did many things personally.
However, after being familiar with the business of the investment department and the game department, he now only controls the general direction and rarely rushes to hold meetings with managers of various departments of the investment department.
If there is no major change in a year, he rarely convenes the game department and the 361 department for meetings.
This kind of decentralization only controls the general direction, which allows the subordinates to let go and consolidate the authority of managers in various departments.
Occasionally, he will show up and tell the subordinates that there is a real boss chairman above the majestic manager. This is conducive to the overall control of the company. The best way to operate is to perform their duties at other times.
"You are not optimistic about Dangdang.com? Now many people feel that after Dangdang.com goes public and raises funds, it may surpass Alibaba and Jingdong." Chen Xin said.
"On the surface, it looks like this, but Dangdang has shortcomings that cannot be made up for. To be precise, it has the same disease as Amazon, but not the same fate as Amazon.
Dangdang was copied from Amazon in the beginning, and Amazon has been reforming in recent years, but Dangdang is still running wildly on Amazon's original path.
More importantly, Amazon has time to reform and cure its illness, while in China, both Alibaba and Jingdong are staring at Dangdang.
Now the three companies are balancing each other and living in peace, but after the listing and financing, no matter what Dangdang wants to do, these two companies will definitely mess it up. Coupled with Dangdang's own problems, it is difficult for him to think about it."
In fact, it is not Chen Xin's fault that he did not see the trend of Dangdang's impending decline. If it were not for Yang Dongxu, who had come here, he would not have seen this.
After all, with the bonus that the Internet is developing faster than the other out-of-control, Dangdang is also ready to take off.
In another time and space, in 2004, Amazon made a proposal to acquire 70% of Dangdang shares for US$150 million.
Later, Dangdang refused and offered an increase of 70%-90%, which can be negotiated between US$100 million and US$1 billion. And what was Ma Fengyun doing in the same year?
In 2004, Ma Fengyun had just launched the payment platform. Although the company's valuation was high and promising, it was a fact that Dangdang was stronger.
In this time and space, in 2004, Amazon wanted to acquire 70%-90% of the shares of Dangdang.com, and the price offered was between US$2 billion and US$3 billion, which was negotiable.
Because of the booming development of China's Internet market under the influence of his butterfly wings, this valuation is two or three times higher than in another time and space, and Dangdang has not stopped in the past few years. Now the company's valuation has reached 4.5-5 billion US dollars. about.
And the valuation of the stock price when preparing to go public is planned to be US$5 billion.
Calculated based on the valuation that the market value of the company can at least double after it goes public, a proper tens of billions of companies are not gone, and they are still tens of billions of dollars.
Converted into RMB, this is all going to a large enterprise worth hundreds of billions. And another time and space Dangdang was only launched at the end of 2010.
This time and space is only in early 2008, and the launch time is almost three years earlier. With such a scale and strength, it is natural that all venture capital investors are optimistic that Dangdang can take off.
Only Yang Dongxu, a fool, knew that Dangdang did have its highlight moment after its listing, and then it was just like Yahu.
A variety of magical operations began to pave the way, reaching a peak after being listed for a period of time, and then never returned to the peak, let alone surpassed the peak.
Although she was still optimistic about Dangdang.com, Chen Xin chose to obey the undefeated myth that Yang Dongxu had created in her heart over the years.
What's more, even without this undefeated myth, Chen Xin would respect Yang Dongxu's opinion, so she pondered for a moment and said, "Then I will cash out after the listing. I have made some actions before to make the outside world feel that the funds in the Rising Sun Technology Investment Department are somewhat tight. .
Then after the company is listed, it is also a routine operation to conduct a wave of cash out and deal with the capital crisis, and it should not cause any unnecessary trouble. "
"Just look at the arrangement. It's best to clear out all the shares and leave within a year." Yang Dongxu said.
According to the common practice after the company is listed, the entire company will rejoice, all kinds of merits will be discussed, rewards will be given, and then big moves will be made as if I want to be the best in the world.
So when the time came to cash out, both Dangdang executives and investors were least vigilant, but they felt they had made a profit by repurchasing Chen Xin's shares.
After the listing and financing, Dangdang's stock price is expected to rise slightly, and cashing out within a year can maximize profits.
Even if it is not cashed out at the highest level, based on the 23.46% stake in Dangdang currently held by Chen Xin, based on an estimated market value of US$10 billion, it can be cashed out at a base of US$2.346 billion.
How much does it cost to invest in Dangdang.com?
The angel investment was US$500,000, followed by US$1.5 million in Series A financing, US$5 million in Series B financing, and US$1,200 in Series C financing to ensure that Amazon would not dilute its shares.
A total of 19 million US dollars was invested before and after, and a return of 2.346 billion US dollars was obtained. The return rate was more than ten times, which is not very satisfying.
So even if he doesn't cash out when the stock price reaches its peak, Yang Dongxu is content.
"What are you going to do with the funds after cashing out? Keep it for you?" Chen Xin knew that Yang Dongxu was planning to take advantage of the subprime mortgage crisis to take advantage of the US consortium. She began to mobilize funds since last year, and many of them were handled by her.
"Isn't Dangdang preparing to go public in April? If you cash out gradually, you may not be able to catch up with the funds. It will only be in July and August at most. Lehman Group will be under pressure and the subprime mortgage crisis will begin to be complete. Erupted.
So for this money, you should follow the steps to cash out and make subsequent plans. If there is a shortage of funds here at that time, I will go to the bank to borrow money, and you don't have to disrupt your investment plan. "
"I know." Chen Xin nodded.
"Then things will be arranged like this. Other investments will be carried out according to the plan you made. I will fly to Shenzhen in the afternoon. Do you want to go with me?" Yang Dongxu asked.
"Did Dongxu Technology encounter any problems?"
"It's not like we've encountered a problem. This is because William's chip production technology is gradually maturing. In addition to mobile phone chips and the car chips we tried before.
Dongxu Technology is preparing to join forces with RONG WEI Chip Company to advance computer chip technology. After all, computer hardware has a lot of chips.
The black pieces on the memory stick are chips. There are many chips on the motherboard, hard drive, graphics card, etc., plus the computer's CPU. This is a big project, and it will take a meeting to plan it carefully. "
Dongxu Technology has actually been at the forefront of the world's chips in terms of chip design and application, ranking at least among the top three in all aspects.
But when it comes to chip production, we have always been looking for OEMs. Now that we have our own chips, and the chip factory has passed the early adaptation period, it is natural to arrange everything that can be arranged as soon as possible, time waits for no one.
Don’t take advantage of the fact that the old American consortium is now focusing on the Lehman consortium and the rapid rise in other fields.
I don’t know how he got stuck later.
“Then go ahead. I’ll break down the investment plan. We have a lot of new projects at the beginning of the year and we’re pretty busy.”