In 2000, Kunpeng Real Estate continued to develop strongly, and its power has expanded from Yanjing to Shanghai, Jiangsu, Suzhou, Hangzhou, Jinling, Zhuhai and other places.
Generally speaking, it is developing towards the south.
Firstly, the economy in the south is developing more rapidly; secondly, the real estate policy in the south is more favorable.
The development strategy is still three quick: acquire land quickly, develop quickly, and get money back quickly. This development strategy has also enabled Kunpeng Real Estate to develop rapidly, with sales and profit margins maintaining rapid growth of more than 30% for many years.
This also makes Kunpeng Real Estate's stock price remain strong after the Asian financial crisis, and its market value has risen to about 20 billion.
Compared with when it was listed in 1996, it has nearly tripled. Xiang Nan's net worth has increased by tens of billions, making many colleagues envious.
However, it is difficult for them to copy Xiang Nan's approach.
On the one hand, they don't have as good connections as Xiang Nan. Although since 1998, the government has classified real estate as a pillar industry and has provided preferential treatment and support in various aspects.
But it is still not easy for real estate companies to get loans. There is a sharp contrast with Hainan before the real estate bubble in 1993. At that time, bank loan approval was very easy, and tens of millions of loans could be obtained with just one phone call.
And without such abundant funds, they still want to achieve high turnover, even if it is difficult for a clever woman to make a meal without rice, it will naturally not work.
On the one hand, they do not have as good a vision as Xiang Nan. Xiang Nan knows a lot about real estate, and he basically knows how each area will develop.
So he bought the land in advance, and when the government went to develop it, he would just go and develop the property. In this way, when the government supporting facilities are built and Xiang Nan's building is just completed, there will be no need to worry about selling it.
Other companies do not have such foresight as him, and the real estate development is either too early and the supporting facilities cannot keep up, resulting in failure to sell. Either the property was developed too late and the funds were tied up on the land, so high turnover would naturally not be achieved.
So they could only watch Xiang Nan get rich.
…
In March 2000, the U.S. Nasdaq Index soared to its highest point, 5,048 points.
In 1994, the highest index of the Nasdaq was only 892 points. In six years, it has increased nearly five times, which shows how popular the Internet is.
However, there is an old Chinese proverb that states that when the moon waxes, it will wax and wane; when things reach their extremes, they will reverse; when they reach their peak, they will decline. After the Nasdaq climbed to 5,048 points, it began a slow decline.
On the one hand, it is affected by the Federal Reserve’s interest rate hikes. The Federal Reserve believes that the price-earning ratio of listed Internet companies is often more than 200 times, which is very unhealthy, so it raises interest rates to curb the Internet bubble.
On the one hand, Japan's economy has fallen into recession again, causing panic in the market. Capital has sold stocks one after another, which has also led to a rapid decline in stock prices.
Coupled with the panic rendering of the media, and the fact that there is indeed a big bubble in the Internet. As a result, by April, the Nasdaq had lost a quarter of its value.
In 2001, the September 11 Incident occurred again, further causing panic in the market. Therefore, it was not until 2002 that Nasdaq stopped its decline and began to rise slowly.
By then, the Nasdaq index had fallen to less than 1,500 points, down nearly three-quarters from its highest point.
The share prices of most listed Internet companies have plummeted, with NetEase and Souhu falling to less than one dollar. Compared to the price when it first came on the market, it’s almost as low as grandma’s house.
What's even worse is that because stock prices have plummeted, capital is no longer optimistic about the Internet industry. This has led to a large number of Internet companies having difficulty financing and not even having enough money to operate.
Under such circumstances, a large number of companies were naturally forced to close their doors. The rest, even if they survive, are just hanging on. According to statistics, during this Internet bubble, a total of five trillion US dollars was wiped out, and countless investors lost all their money.
In contrast, Xiang Nan jumped out of the car in advance to survive before the bubble burst, and he was safe. That's really smart.
Moreover, he also took advantage of other capital to withdraw from the Internet industry, so many Internet companies lost investment and were waiting for opportunities, and made a comeback again, acquiring a lot of shares.
For example, in the previous NetEase, Sohu, and Xinxang companies, he only received half of the shares. If there are more, either the price is too high or they won't sell it. Now that the stock price has dropped to the point of being worthless, he has easily obtained 30% of the shares.
…
Selling stocks in advance and making a safe profit allowed Xiang Nan to avoid billions of dollars in losses and also allowed him to successfully cash out nearly five billion dollars. Compared with his investment a few years ago, he made dozens of times the money, which can be said to be a huge fortune.
In addition to this income, the film and television adaptation rights of Xiang Nan's "The Matrix" and "Harry Potter" were finally sold.
In the past few years, the scripts produced by Xiang Nan have always achieved good box office success in Hollywood. For example, "Detective Plane Head", "Unforgettable Catastrophe", "Bravely Attack the Death Island", "Air Prison", "Game of the Brave" and so on.
Therefore, although "Harry Potter" and "The Matrix" have been released for several years and their popularity has declined, Hollywood companies still love them.
Now that Xiang Nan has finally relented, major film companies are naturally snapping up the film.
In the end, Xiang Nan chose to cooperate with Disney Pictures.
Because Disney offers the best conditions.
In the late 1990s, since Pixar launched the 3D animation "Toy Story", Disney's traditional animation market has been greatly impacted.
The outside world believes that Disney is likely to be doomed. This made its life very difficult, and even the stock price fell sharply. Precisely because of this, it urgently needs a new story to maintain the company's stock price.
Xiang Nan's "Harry Potter" series targets the teenagers Disney most wants.
If it can get the "Harry Potter" series, it will not only be able to make movies, but also build Hogwarts in Disneyland, allowing tourists to experience the magic of the wizarding world.
As soon as the tourists come, the money for tickets, meals, and shopping will follow in droves. Therefore, for Disney, "Harry Potter" is really a once-in-a-lifetime IP, precisely because it did not hesitate to sign very harsh and generous cooperation terms with Xiang Nan.
Xiang Nan cannot help but have the right to directly participate in box office sharing, and can also participate in ticket sharing and peripheral product sharing.
In other words, if Disney builds Hogwarts Castle in the park, Xiang Nan can take a commission from the tickets. Moreover, every time a tourist buys a Harry Potter peripheral product, such as a wand, Hogwarts uniform, candy, etc., Xiang Nan can get a share of the money.
Although the proportion is not high, Disney receives hundreds of millions of tourists a year, which is very impressive. It is no exaggeration to say that making 100 million a year is not an exaggeration.
