Yang Dongxu holds shares in many well-known venture capital companies of later generations, such as Goldman Sachs, Citigroup and Sequoia. But shares are just shares. He has never thought about controlling a venture capital company now. Investing in these companies is just to facilitate future business layout and at the same time obtain a large share dividend.
But when he learned about SoftBank, a venture capital company whose name he had heard in his previous life but did not know its specific content, he changed his herding-style investment and chose to invest in the company. And suppressed Son Zhengyi’s request to go public today.
Listing can certainly solve the financial pressure, but it will disperse the shares. Yang Dongxu knows that sharing will make the cake bigger. This does not mean that he will share everything. He will not let go of the opportunity to eat alone.
So SoftBank was directly taken over by him, but Zhou Ya was responsible for these things before. The only reason Son Zhengyi came all the way from Japan to Hangzhou today was naturally because Yang Dongxu had something specific he wanted to talk to him about.
"I will invest another US$100 million in the company." Yang Dongxu brought a cup of brewed tea to Sun Zhengyi.
Son Zhengyi bent down to express his gratitude. Although this future richest man in Japan has shown great achievements in recent years, the capital currently controlled by Yang Dongxu is far inferior to that of Yang Dongxu. Especially since his company's shares were controlled by a pretty and outrageous woman, and the young man in front of him was not as old as his own son, many speculations flashed through his mind.
It is a fact recognized by the world that the Chinese are very rich, even though China is still very poor now. So Masayoshi Son has no objection to the company being acquired by a Chinese. The influence of the Chinese in the world economy is not small, especially in countries like Malaysia and Singapore.
But the big boss behind his company turned out to be Chinese, which made him think more and be surprised. But no matter how much he thought about it, he couldn't figure out how such a big capital suddenly appeared in poor China.
But instead of thinking too much about these moments, Son's eyes lit up when he heard that Yang Dongxu would inject another US$100 million into the company. But there was a vague fluctuation in Ran Ran's eyes, as if he thought of something.
"Don't worry, I'm not investing again to dilute your shares. Otherwise, I would have directly controlled 100% of the shares during the acquisition. You can deduct the part of the funds that belong to you from the annual share dividends. So if there are no share dividends for many years to come, Don’t blame me.” Yang Dongxu said with a smile.
"Young Master Yang is joking." An unnatural look flashed across Sun Zhengyi's face, but he quickly regained his composure and said, "Did Young Master Yang fancy another investment project?"
Sun Zhengyi previously studied in the United States, so the two of them talked very smoothly in English.
For venture capital companies, the more funds they have, the better, but more is not always better. After all, the funds in venture capital are used to create benefits, so good projects are more important than funds. Otherwise, venture capital companies will not be able to survive if they have only money but no good venture capital projects.
"First tell me what projects you are optimistic about?" Yang Dongxu kicked the ball back.
"The electronics industry, especially the telecommunications and computer industries." Son Zhengyi spoke concisely and concisely, without using his usual eloquence to 'fool' investments, because there is no need. The person in front of him is the boss, and all he has to do is to be efficient and save money. The current work is not about getting the other party to invest in a big way.
"Oh? Isn't the mobile phone industry good?" Hearing Sun Zhengyi's words, Yang Dongxu had to nod silently in his heart. A good person is a good person. I can't be more precise about the development trend of the industry. It's not impossible for other venture capital companies to gallop around the world. Makes sense.
"The mobile phone industry is indeed a good investment choice, especially after years of technology accumulation, the mobile phone industry will usher in a wave of explosive growth." Son Zhengyi said.
Yang Dongxu once again took a high look at him. There may be many people who can see the future of an industry, but there are very few people who can accurately grasp the pulse of the industry as it develops.
"Then why are you unwilling to invest in the mobile phone industry?"
"There are benefits, but the benefits are limited, because many companies and venture capital are now optimistic about the mobile phone industry. The threshold for investing in this industry is constantly rising. Although high capital investment can obtain high returns, the return ratio is not as good as that of the computer and telecommunications industries.
However, it may take some time for the two to hatch, but once hatched, it is successful. Its profit definitely exceeds that of the mobile phone industry, and is even several times that of the mobile phone industry. "
"Which telecommunications business do you like?" Yang Dongxu rubbed his chin a few times and asked.
At this time, he felt a little relieved. Although a good person is a good person, he is not a reborn person. Although it was accurately grasped that the mobile phone industry would usher in a wave of explosion, the estimate of the extent of the outbreak was low.
If his memory is correct, it is true that the cost of investing in the mobile phone industry is too high now, but as long as you can get on the car, you will make money, and you can still make money by counting money until your hands cramp. This allowed Yang Dongxu, who felt overwhelmed by the wisdom of an outstanding person, to regain a little confidence.
"Broadband and cable TV." Sun Zhengyi said concisely.
"What do you think of mobile communications?"
"It's a good industry that can be invested in, but with the company's current capital flow. If you invest in telecommunications and computers, there won't be too much money diverted to mobile communications."
"Tell me your specific thoughts." Yang Dongxu said.
"Invest in telecommunications first, followed by computers. We can invest in some computer companies with development potential and take shares without holding a controlling stake, allowing them to develop on their own. Then come mobile communications."
"Okay." Yang Dongxu nodded. Although he knew that both computers and mobile communications were good things, as Sun Zhengyi said, he really didn't have much money to bet on these two industries.
Moreover, if SoftBank invests heavily in the computer industry, it will overlap with Tunghsu Technology's future plans, so it will be okay to invest less. As for mobile communications, they can only be put back a little bit. The landlords really have no surplus food.
Son was relieved to hear that Yang Dongxu fully accepted his general investment direction. The biggest taboo of venture capital companies is that investors and bosses are always at odds and constantly arguing.
But the next moment his nerves became tense again. Because Yang Dongxu spit out two words again.
"However, in addition to the current investment in the Japanese telecommunications market. I hope you will guide the investment companies to develop inland China."
"Inland China?" Son Zhengyi frowned, "There is nothing wrong with the investment direction, but isn't it a little too early?"
As a relatively successful businessman in Japan, no one will ignore the huge market around them. Moreover, in the economic development of the inland in the past two years, the proportion occupied by Japanese capital has been increasing.
It can be used in the electronics industry, especially in the telecommunications industry. Although Son is optimistic about the mainland market, he does not think now is a good time to invest.
The reason why I think so is naturally because the mainland is constantly developing, but the telecommunications infrastructure is really lackluster. This year, the United States proposed an information highway plan, but in mainland China, even in cities, not every household can have a wired phone. When investing in the mainland telecom market at this time, the profit date feels far away.
"I also mean to try our best to promote the development of the inland telecommunications market. As long as it does not involve sensitive technologies, we will give them whatever they ask for. Although the development of telecommunications in mainland China is slow at present, several big cities have already developed, especially those like Shenzhen and Shanghai. City.
The demand for informatization will become more and more urgent, so although China does not have the capital to build an information highway like the United States. But telecommunications development in big cities will definitely accelerate.
By winning the telecommunications market in first-tier cities, we will have a fulcrum. Then, with this fulcrum as the center, you can slowly spread around and slowly occupy the market. "
Yang Dongxu sighed after hearing Son Zhengyi's words. He naturally knew that it was a little too early to invest in the mainland's telecommunications market at this time. But without the introduction of foreign capital, China Telecom's development would still be wasted for several years even in first-tier cities. And even if it developed later, there was always an era difference with foreign telecommunications technology.
Therefore, he wants to take advantage of the current blockade of Chinese technology by Europe and the United States, which is still focused on some heavy industries, such as steel, engines, etc.
Introduce newly emerging telecommunications civilian technologies into the country as soon as possible, otherwise it will be troublesome to wait until the technology blockade starts from heavy industry and continues to spread to other technical fields. You must know that Maserati is under a lot of pressure internationally.
"This is an investment direction. Currently, SoftBank is the major shareholder of several Japanese broadband and cable TV companies. However, investment in the telecommunications industry in mainland China does not seem to be very popular at present." If it only invests in the current first-tier cities in mainland China, Masayoshi Son would support it.
Although China's telecom users account for less than one percent of the population, they cannot cope with the large population base of the Chinese people. In particular, even if the base of first-line users is not as good as Japan, it is still a large market. And in his opinion, the development of mainland telecommunications will definitely surpass Japan's in the future.
After all, no matter how developed Japan's economy is, its land area and population base will always be the biggest problems constraining it. However, this problem does not exist on the mainland. There will definitely be a vast market in the future, and he has no objection to taking advantage of it in advance.
However, compared with the demand for foreign investment in other aspects, the government obviously does not pay much attention to the telecommunications industry. Therefore, if you invest in mainland China’s telecommunications industry at this time, you will not get very good policy preferences and benefits.
"As long as it is foreign investment, basically there won't be much of a problem. As for investment implementation and technology implementation, there will be other inland companies that can connect with you without any problem."
"I'm different on this point." Son Zhengyi smiled.
He naturally understood what Yang Dongxu meant. Now, as long as it is foreign exchange investment, it is extremely welcome no matter which mainland it is. What he struggled with before was that if the funds he invested were implemented in special projects, the government would be a bit repulsive if they didn't like the project.
But he forgot that the foreign exchange funds he invested were only foreign exchange that could enter the mainland government's account. You can get the treatment that foreign investors deserve. As for whether the investment project is liked by the local government, it doesn't seem to be too important. Now that there are local companies connecting, there will be no problem.
