Chapter 373: GIC Singapore Government Investment Corporation Came to Us

Li Xiaofan smiled and said, "1 million US dollars, I think it should be no problem. Mr. Zhu, how about this, after receiving your business plan email, I will discuss it with my colleagues, and then we can talk about the specific valuation and subsequent investment?"

"Well, no problem. I will go back to the office to make a business plan for you later!"

Hearing that Li Xiaofan was going to invest in his own project, Zhu Min and two fellow villagers from Mingzhou had a simple meal, said goodbye to Li Xiaofan and others, and rushed back to the office to prepare business plan materials.

Before Zhu Min and others left the restaurant, Li Xiaofan introduced Tang Xinyi and Dr. Pan Zhanlong to him.

After Zhu Min left, Li Xiaofan told Tang Xinyi:

"Xinyi, you have to keep an eye on this Mr. Zhu. He has a very good project. We must strive for early angel investment!"

...

After lunch, when Tang Xinyi followed Li Xiaofan back to the hotel to rest, she couldn't help asking:

"Dear, how come you just met a fellow countryman from mainland China and wanted to invest in his project? Is this project reliable? Do you know him?"

Li Xiaofan smiled after hearing this. Tang Xinyi's worry was normal.

Many of the things he was doing now seemed a little unreliable before being proven by time.

"Xinyi, don't worry too much. There is still a lot of money in the bank account of the 100 million US dollars venture capital fund we just launched. Believe me, I will control the risk!"

After Li Xiaofan said this, Tang Xinyi became even more anxious. 10 million US dollars of this Yifan No. 1 venture capital fund was contributed by their family.

"Dear, if you invest so lavishly, can you guarantee the safety of your funds? You should know that the investors who invested in our Yifan Venture Capital Fund are all large companies in Singapore..."

Yifan No. 1 Venture Capital Fund has currently invested 10 million US dollars in two projects, NVIDIA in the United States and Pacific Network Technology Company in Singapore.

In Li Xiaofan's plan, the next step is to invest 20 million US dollars in Dr. Mao Siming's magnetic sensor project. The research and development equipment for Dr. Mao's project needs to be ordered from large companies such as the United States and Germany, and the prices are very expensive. There is no way, if you want to compete with giants such as IBM and Seagate, the investment in these hardware research and development equipment is necessary.

Li Xiaofan also plans to invest 20 million US dollars in the Lianhai Microelectronics Design Center project chaired by Academician Ni by increasing the capital of Shanghai Changjiang Science and Technology Investment Co., Ltd.

In this way, 60 million US dollars have been invested, and there is still 40 million US dollars left.

For this first phase of Yifan No. 1 Venture Capital Fund, Li Xiaofan's idea is that with the two future unicorn projects of NVIDIA and Pacific Online Bookstore as the foundation, this fund has been very successful. Even if the other $80 million is lost, this fund will get rich returns on the two projects of NVIDIA and Pacific Online Bookstore.

Therefore, the remaining $80 million can be invested in some relatively high-risk projects with less certain future...

Li Xiaofan plans to directly invest in excellent early-stage projects like HOTMAIL with the money of his Yifan Company.

Li Xiaofan smiled and hugged Tang Xinyi and said, "Dear, please believe my vision. If the $10 million invested by your family is lost in the future, I will personally sell Yahoo stocks to make up for the loss!"

Tang Xinyi said angrily, "Why do you have to divide your family and our family so clearly? We will all be one family in the future!"

In the evening, Li Xiaofan returned to the hotel after dinner and really received the WebEx project business plan sent by Zhu Min.

Li Xiaofan was not very interested in the description of the project. He basically glanced at it and ignored it. He directly pulled to the page of project valuation and financing needs.

On that page, Zhu Min valued his current project at $4 million after investment, and was willing to sell 25% of his shares for a $1 million investment...

A few hours later, Zhu Min's valuation of his project quadrupled. Li Xiaofan felt that there was still room for negotiation, and since there was still time, he was not in a hurry to finalize the investment in this project.

So, he did a Tai Chi and replied to an email to Zhu Min, saying that he would contact Zhu Min after discussing with his colleagues in charge of investment affairs after returning to Singapore.

After handling some affairs in the United States, Li Xiaofan returned to Singapore first.

After returning to Singapore, the first call he received was from Lin Muchu.

"Mr. Li, you are back in Singapore. Is everything going well in the United States?"

"Yes, it's going very well! Mu Qiu, how is your resignation going?"

"After I submitted my resignation, several company leaders came to try to retain me. The vice president of the group in charge of this matter will have a final talk with me tomorrow morning..."

"Oh, if you insist tomorrow, the group should approve your resignation, right?"

"Yes, that's right."

"Okay, that's great! Mu Qiu, Xinyi in the United States is waiting for you to help. I have already found the location for our first entrepreneurial incubator in the United States this time, which is near Stanford University. Before returning to Singapore, I also signed the lease contract, and I am currently asking the design company to come up with a renovation plan according to our ideas and requirements..."

"Mr. Li, you are really efficient!"

After Lin Muchu praised a few words on the phone, he changed the subject and said to Li Xiaofan:

"Mr. Li, I called you today for another matter. Do you know Singapore GIC?"

"What products and business does GIC do?" Li Xiaofan asked.

"The full name of GIC in English is Government of Singapore Investment Corp, abbreviated as GIC, and the Chinese name should be Singapore Government Investment Corporation..."

"Oh, it turns out to be the famous Singapore Government Investment Corporation GIC, then I know a little bit. Last year, China International Capital Corporation was established in our mainland, and Singapore GIC is one of the shareholders."

After being reminded by Lin Muchu, Li Xiaofan immediately came back to his senses.

GIC was established in the 1980s and is the largest international investment institution in Singapore. Its main task is to manage Singapore's foreign exchange reserves and invest heavily overseas beyond Singapore's borders.

This company has always been called "Asia's largest and most mysterious investor", with assets under management exceeding US$100 billion, and its scale is comparable to Berkshire Hathaway, the investment empire run by Buffett.

When the company was first established, then Prime Minister Lee Senior Minister personally served as the company's chairman, and Deputy Prime Minister Goh Keng Swee served as the vice chairman, which shows the importance of this company to the Singapore government!

"Yes, that's right. Mr. Li, GIC's GIC Special Investment Company contacted our park this morning and said that they want to visit you tomorrow. Are you free?"

"GIC Special Investment Company?" Li Xiaofan asked puzzled. He knew GIC, but he didn't know much about GIC Special Investment Company.

Lin Muchu explained: "This GIC Special Investment Company was established in 1982. It is the private equity investment department of GIC. It specializes in investing in the equity of unlisted companies to obtain excellent long-term investment returns, increase the returns of GIC's overall investment portfolio, and diversify risks..."