He started visiting relatives on the second day of the Lunar New Year and continued until the seventh day of the Lunar New Year when Yang Dongxu left his hometown and went to Hangzhou.
Zhou Ya and her son Wen Chen did not come with them. They would not return to the Magic City until the fifteenth day at home. It happened that Wenchen did not start school until the fifteenth day.
Hangzhou has developed rapidly in the past few years, especially the emergence of two star Internet companies. The housing prices in Hangzhou are much higher than those in other time and space at the same time.
Of these two star mobile phone companies, one is of course Ahri, and the other is Sunrise Technology.
Especially Xuri Technology. On the surface, Xuri Technology is just an Internet company that focuses on YY dating and makes a lot of profits from games. It looks very much like 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 this is a business empire disguised as 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 predator.
Yang Dongxu obviously had high hopes for YY, so before YY came out and Xuri Technology was still making games, he asked Chen Xin to take control of the investment department and start attacking everywhere.
For example, Campus Network, a popular website in the past, had Xuri Technology as an angel investor from the beginning. After several rounds of financing, it grew in scale.
I felt that there was a certain threat to YY, so I directly used my status as a major shareholder to merge him into YY. Now YY has an additional campus dating function. You can enter by nodding at the green grass under the picture.
Another example is the currently very popular Dianping.com, Ganji.com, Wuba.com, Tongcheng.com, Ctrip.com, and many other popular websites, all of which have Xuri Technology Investments behind them.
In short, as long as there is a promising industry, Xuri Technology will invest in it. Those that are helpful to YY's growth will be recruited, and those that threaten YY will be acquired first. Mergers and acquisitions cannot be directly suppressed.
If there is no threat to YY's growth and can make money, not only should you become an angel investor, but you will continue to follow the investment in subsequent refinancings until you feel satisfied with the rate of return, and then quit and leave with full harvest.
So despite the fact that Xuri Technology has made a lot of money from YY and games in recent years, it is enviable. If the investment department calculates the various returns, the rate of return is also frighteningly high.
Currently, the reputation of Rising Sun Technology Ventures is well-known in the circle. Chen Xin already has the title of the Goddess of Wealth.
So looking at the entire Internet market, although Xuri Technology does not occupy half of the market on the surface, the secret investment department actually almost covers the entire industry.
For example, in online shopping, which is quite popular now, Yang Dongxu invested in Ali and Jingdong. There are even contacts and cooperation with hidden giants like Huawei who are engaged in real technology.
Except for companies that have already started up before, such as Baidu, the four major portals, and Lenovo, etc., Yang Dongxu has not taken action. Other emerging Internet companies seem to have his shadow behind them.
Even among these companies that he has not invested in, NetEase, one of the four major portals, was plundered by him, and he bought hundreds of shares. Even the richest man in Shengda, Chen, made a huge sum of money from him. Basically all the cakes that can be seen have been taken a bite by him.
In the office of the chairman of Xuri Technology, after reading the summary of last year's investment report and the selection of this year's investment projects in his hand, Yang Dongxu spoke.
“After Dangdang.com is listed, let’s gradually start reducing our holdings.”
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 Dongxu Technology's game department was first established, he led the legendary game team to first figure out the company structure, then set up an orderly server, and made various suggestions for game promotion. He did many things himself.
However, after becoming familiar with the business of the investment department and the game department, he now only controls the general direction and rarely rushes to meet with the various department managers of the investment department.
If there are no major changes in a year, he rarely convenes the game department and holds meetings with the 361 department.
This kind of decentralization only controls the general direction, frees up people under their control, and consolidates the authority of managers in each department.
Just show up occasionally and tell the people below that there is a real boss chairman above the majestic manager. This is conducive to the overall control of the company, and performing their duties at other times is the best way to operate.
"Are you not optimistic about Dangdang? Now many people feel that after Dangdang goes public and raises funds, it might be able to catch up with Alibaba and Jingdong." Chen Xin said.
"On the surface it seems like this, but Dangdang has irreparable shortcomings. To be precise, he has the same disease as Amazon, but he does not have the same life as Amazon.
Dangdang copied Amazon from the beginning, and Amazon has been reforming in the past few years, but Dangdang is still running on Amazon's original path.
More importantly, Amazon has time to reform and cure its problems, while in China, both Alibaba and Jingdong are fixated on Dangdang.
Now the three companies check and balance each other and get along well, but after the listing and financing, no matter what Dangdang wants to do, these two companies will definitely cause trouble. Coupled with Dangdang's own problems, it was difficult for him to remember. "
In fact, it is not surprising that Chen Xin did not see the trend that Dangdang was about to prosper and decline. Yang Dongxu, who had not been there, would not have been able to see this either.
After all, taking advantage of the fact that the Internet has developed more rapidly than other out-of-control companies, Dangdang is also poised 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 listing, 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 ahead of schedule. 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...and then just like Yahu.
A variety of magical operations began to pave the way, reaching a peak after a period of time on the market, 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 routine 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 the market within a year." Yang Dongxu said.
It is a common practice that after a company is listed, the entire company will rejoice, reward people for their merits, and then make big moves like I want to be number one in the world.
So when the time came to cash out, both Dangdang executives and investors were least vigilant, but they felt like 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 American 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 lend 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 my neck got stuck later.
"Then go ahead. I'll break down the investment plan. It's just the beginning of the year and I'm quite busy with a lot of new projects."
