The U.S. Immigration Service knew that Xiang Dongping and Sun Jian were legally married.
Investment supports the development of American high-tech companies (GcA, GpIc, Yahoo, Netscape, etc.). Although Kunpeng Software Group has a competitive relationship with Microsoft, Sugon Communications and Guozhi Semiconductor are still catching up with Motorola, AMD, and Intel in the computer industry. and communications and other high-tech fields. He poses no substantial threat to American companies, does not violate U.S. laws, and never makes remarks criticizing the United States. He has donated campaign and private donations to Clinton through AtIc. The low-key Sun Jian is now working closely with the U.S. government His relationship with the people is pretty good. Most Americans don't know that he is the hidden richest man in the world, and they wouldn't even recognize him if they meet him on the street.
Gai Ci should be grateful to Sun Jian. If not for the sudden emergence of Kunpeng Software Group, Microsoft would have been deemed to have violated monopoly laws by the U.S. Department of Commerce.
The United States is now the only superpower. The Federal Reserve implements a loose monetary policy, the market has sufficient liquidity, the Internet economy develops rapidly, the Asian financial crisis and the Russian financial crisis broke out continuously, and a large amount of funds returned to the United States. The U.S. economic development situation is good, and the United States forecast GDP in 1998 exceeded US$9 trillion, China predicted it would exceed US$1 trillion, and Japan predicted it would exceed US$4 trillion.
In 1998, China and the United States were not competitors at the same level, and Americans were very confident.
Sun Jian is just a Chinese businessman who makes a lot of money in the United States and pays taxes to the United States according to regulations. He is not worried about Xiang Dongping and Sun Liang being detained.
It has been 8 months since she left the position of vice president of AtIc. Although Xiang Dongping can handle some work online, she cannot deal with the management and employees in person. Over time, not only will her business become unfamiliar, but her prestige will also be reduced.
Xiang Dongping, who likes to travel around the world, does not stay at home to take care of her husband and raise children. The three sisters have grown into important helpers for Sun Jian.
Sun Jian respects the decisions of the three women. He can care for his husband and raise children at home or work outside. Making money is secondary, as long as he likes it.
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On January 13, the Brazilian government, the largest economic power in Latin America, suddenly announced an 8% devaluation of its national currency, the real, and appointed Lopez as the new governor of the central bank. This move caused stock markets in Latin American countries and other parts of the world to fluctuate. The Brazilian currency crisis developed into a Brazilian financial crisis, shocking the whole world.
The Brazilian financial crisis began shortly after the Russian currency crisis in September 1998. In November, under the coordination of the International Monetary Fund, the international community decided to jointly provide Brazil with an emergency loan assistance of US$41.5 billion, with the first tranche of US$9 billion. It was disbursed in December 1998, and the second tranche of US$4.5 billion was originally planned to be disbursed in February 1999.
On January 7, Itamar Franco, the governor of Minas Gerais, Brazil's third largest state, suddenly announced that the state's $13.4 billion debt to the federal government would be delayed for 90 days, thereby damaging the country's credibility. .
After the Central Bank of Brazil suddenly announced an 8% devaluation of the real, American Standard-Bulls Company downgraded the credit rating of Brazil's government bonds from bb- to b+, and downgraded Brazil's long-term foreign currency national credit rating from bb- to b+. It downgraded its long-term domestic currency national credit rating to bb- from bb+ and also affirmed Brazil's short-term foreign currency credit rating of B.
On January 12, Brazil’s bovesta index plummeted 7.62%.
On January 13, 15 minutes after the market opened, the bovesta index plummeted 10.23%...
On the 13th, the stock markets of Argentina, Mexico, Venezuela, Colombia and Peru fell by 10.4%, 4.6%, 5.01%, 3.44% and 5.4% respectively. Although economic growth in the United States and Europe was stable, it was not immune to the impact of the Brazilian financial turmoil. Dow Jones The index fell 1.3%, and European stock markets also fell. Madrid, Frankfurt, Paris and London stock markets fell by 6.88%, 4.1%, 3.3% and 3% respectively.
The Nikkei fell 0.7%, the Hang Seng fell 0.9%, and the Singapore stock market fell 1.97%.
On January 15, the Central Bank of Brazil was forced to announce that it would abandon exchange rate intervention and allow the real to float freely, and the real started a downward trend...
The global economy is in turmoil.
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"Dear shareholders, due to the impact of the Asian financial crisis, pENG's sales revenue in Southeast Asian countries and regions decreased by 23.4% year-on-year, and its profits decreased by 32.6%. However, the personal computers in the Chinese market increased significantly by 85.4%, and the income of its holding subsidiaries GpIc and pIc increased significantly. Increased by 152.5%, net profit increased by 56.7%, pENG entrusted financial management income was US$3.564 billion. In 1998, pENG's total revenue was US$31.565 billion, a year-on-year increase of 52.6%; net profit was US$17.538 billion, a year-on-year increase of 48.2%, and earnings per share was US$8.8 , net assets per share of $13.65.”
Bang bang...
pENG President Zhang Jilin spoke fluent English at the shareholders' meeting held in the large conference room of Kunpeng Software (USA) Research Institute. He reported pENG's 1998 operating conditions, 1999 business goals and 1998 dividends to shareholders from all over the world. Plan.
Prolonged applause broke out at the scene. This was the applause of the company's shareholders who were satisfied with the company's management, headed by Chairman Sun Jian and President Zhang Jilin, for their 1998 operating performance.
In July 1994, pENG invested US$10,000 to purchase 32 acres of land from GcA and built two 11-story Kunpeng Buildings as the headquarters of Kunpeng Software (USA) Research Institute. Today, there are 685 computer, server software and hardware researchers. Among them, 90% are Ph.D. graduates from famous European and American universities, and 60% are Chinese or of Chinese descent. Its software research and development strength is second only to Kunpeng Software (Headquarters) Research Institute.
The previous four general meetings of shareholders were all held in Jiangcheng, allowing shareholders from all over the world to inspect the strength of the Kunpeng Software Group headquarters. This is the first time pENG has held an annual general meeting outside of China.
After pENG was listed on Nasdaq, starting from 1994, it paid cash dividends for four consecutive years, with a dividend of US$5 for every 10 shares. The total share capital was still 10,000 shares. As of December 31, 1998, Taobao Holdings and its related parties A total of 68.12% of the shares are held, and foreign investors hold 31.88%.
Among them, Taobao Holding Company holds 75,000 shares, accounting for 58.12% of the total share capital; Taobao Holding Company Employee Stock Ownership Association holds 10,000 shares, accounting for 6.52%; Kunpeng Education and Poverty Alleviation Foundation holds 70.875 million shares, accounting for 3.56% %.
The shares of Taobao Holdings Company and Kunpeng Education and Poverty Alleviation Foundation have not changed, and they receive annual dividends of US$38.75 million and US$35.4375 million respectively.
pENG's closing price yesterday was US$122.66, with a total market value of nearly US$244.5 billion and a price-to-earnings ratio of 13.9 times.
After dividends, net assets per share will reach $20.95.
pENG's market value on the Nasdaq exchange ranks second only to Microsoft (more than 290 billion US dollars).
"In 1999, under the leadership of Chairman Sun, pENG overcame the adverse effects of the Asian financial crisis and continued its efforts. The company's total revenue is forecast to reach US$47 billion, a year-on-year increase of 50%, and its net profit is forecast to reach US$26 billion, a year-on-year increase of 50%; thank you all Thanks to shareholders’ long-term support for the company, the company’s 1998 distribution plan is to pay a dividend of $5 for every 10 shares.”
Bang bang...
