Reinventing the Millennium.

Chapter 441 Climbing to the top

Chapter 441 Climbing to the Top (Two in One)

The divestiture of APEX's business can be regarded as an important part of supporting the head of Changhong.

Because there are various color TV products of Changhong lying in this company.

As for the money that should be returned to Changhong, Fang Zhuo is not going to try hard. The assets of the two companies under Mr. Ji’s name, the listed company on the Xiangjiang Growth Enterprise Market have been reduced to lawsuit-ridden garbage, and APEX company is notorious in the industry. It is difficult for the head of Changhong who plans to find other suppliers.

Even Mr. Ji himself has sold his property, not only to avoid Mr. Ni, but also to avoid other creditors and constantly changing apartments for rent.

I am afraid that Changhong's money will never be recovered.

For Changhong, the best way to stop overseas losses is to let the products continue to be sold through Wal-Mart channels, even if the price is lower than the cost, it is better than nothing.

Of course, with Fang Zhuo's reputation and wealth, it is entirely possible to set up a brand new company to connect Changhong as an overseas partner, but he still thinks it would be better to cover and solve the original problem.

There is also a very important factor that Lao Ni, who has returned to China, has not yet reached the last step of the end of the mountain.

If Fang Zhuo wants to be a white knight, he must let everyone know that this old entrepreneur is supported by himself at the most critical moment. The goal is not big, as long as Lao Ni can persist in Changhong for two or three years.

On this point, he is quite confident.

On January 1, Yike’s stock price basically fluctuated around US$17, slightly lower than the issue price, but even so, the market value of Yike was stabilized at around US$24 billion, far exceeding all Internet companies currently listed in China, almost The combined market capitalization of the three portals Sina, Netease, and Sohu.

Under such circumstances, Xiong Xiaoge, the president of IDG Huaxia District, also came to Fang Zhuo to bid farewell, ready to return to China.

He called in advance and made an appointment to come to the Mandarin Oriental Hotel.

As soon as he entered the suite, Xiong Xiaoge heard hearty laughter in the living room, and soon saw Fang Zhuo and lawyer Martin.

"Hello, Mr. Xiong, have you eaten yet? I have to go back to have a work meal."

When Martin saw Xiong Xiaoge coming, he said hello and left.

"Mr. Fang, this Martin is really funny." Xiong Xiaoge stayed until Fang Zhuo sent the lawyer out, and asked, "What did you talk about just now, and you laughed so happily."

Fang Zhuo waved his hand and said, "Martin is really interesting, oh yes, he is going to be my personal lawyer now."

He peeled an orange casually: "Just now he chatted with me about a person who was sued by him before. Do you think it’s fun to oppress him?”

Xiong Xiaoge thought about the information in these words, and replied: "It is normal to use whatever method can protect personal interests. Such people do not believe in the fairness of the law, but use it as a tool."

Fang Zhuo nodded: "Squeaky, Martin also said that that person wanted to use media exposure to shake the stock price of listed companies. Guess what Martin told that person?"

Xiong Xiaoge guessed, "To be rich is to be able to do whatever you want?"

"Martin said, you trust the media, and I trust the media more than you do." Fang Zhuo smiled.

Xiong Xiaoge nodded, and suddenly asked: "What conflicts does that person have? What did he expose to the media?"

"Fighting? Watching the fight?" Fang Zhuo shook his head, "Martin didn't elaborate, it was just chatting. It's not a big deal anyway."

Xiong Xiaoge wondered: "Exposing a rich man to the media for a fight to shake the company's stock price? This is too naive, this is New York."

Fang Zhuo shrugged: "Who says it's not, this is a rich man's paradise."

"I remembered the TV series "The People of the Capital in New York" I watched before, and now that I think about it, I watched it almost ten years ago." Xiong Xiaoge said with emotion, "If you love someone, send him to New York, Because that's heaven, and vice versa, because New York is hell."

"I've heard this line, it's quite famous, but I haven't read it." Fang Zhuo nodded.

Xiong Xiaoge saw that Mr. Fang had finished eating the oranges, and asked with a smile, "By the way, the rich man you're talking about is yourself, right? What are you bothering about?"

Fang Zhuo shook his head: "I worry about the company's market value every day, and this kind of idleness, the fluctuation of market value almost annoys me to death."

Xiong Xiaoge also felt the same way, and comforted him: "The company's market value is just a number, you just... wait!"

He remembered what he was doing this trip.

"Mr. Fang, have you secretly communicated with IDG about the song?"

Fang Zhuo frowned upon hearing this description: "What do you mean?"

"I heard that the relevant institutions affected by IDG seem to have some unusual movements." Xiong Xiaoge said the wind direction he heard.

Fang Zhuo said unceremoniously: "Okay, old bear, are you here today to ask questions? I haven't said that your organizations are stirring up trouble, so you're making something out of nothing? You are the top management of IDG , you come to ask me? If you want to know something, just ask Francis directly."

Xiong Xiao was speechless.

In fact, he just heard some uncertain gossip, but he couldn't ask the person over there.

For the instability of Yike’s market value, the institutional side has a lot of responsibility, and the stock market is more involved in cutting leeks, which is not entirely due to the company. The securities law in the United States has repeatedly emphasized transparency. too many interests.

It seems that several institutions such as Deutsche Bank and IDG have made money, and many institutions that have heard the news but have nothing to do with the president and vice president on the surface have no less meat.

Fang Zhuo raised his eyebrows and raised his eyebrows. The more he talked, the more angry he stood up and reprimanded: "How much money have you guys made in these two waves?! Just my random estimate, at least 2 million US dollars of profits have been harvested lightly, right? Who has it? Is it in my hands!"

"You still come to question me? It's ridiculous!"

"And those few who came to my company last time and asked me to release the good news, it's even more ridiculous!"

Yike's stock price reached as high as $41, excluding the price after the crash, and the lowest price that was manipulated was $28.

Several large institutions and the small and medium-sized institutions they influence hold at least millions of shares, and the profits generated by this wave of harvest are tens of millions of dollars, and the profits of the two waves far exceed the underwriting fee paid by a company for listing.

And the basis of such a harvest is that Yike's performance and imagination do exist, so there are short-term market value fluctuations.

That money is nothing to a big investment bank like Goldman Sachs, and it is not a general interest when it comes to people.

Xiong Xiaoge was scolded all over his face, and he was speechless.

He is in charge of the investment business. I really didn't expect that Yike's stock would be used in this way, but after thinking about it, Fang Zhuo invited these companies... There must be some responsibility for this situation...

Xiong Xiaoge didn't say a word about sharing the pot, and waited until Boss Fang's anger subsided for a while before saying: "Anyway, Yike's current market value is not bad."

Fang Zhuo remained angry: "It could have been better!"

"President Fang, it's almost done, otherwise I'll really ask Francis." Xiong Xiaoge put down the teacup and said so.

Fang Zhuo refused to accept this kind of temptation, and said aggressively: "Call and ask, right now, I also want to know what's going on!"

Xiong Xiaoge was suspicious, shook his head slightly and said, "Forget it, it's all because of my superfluous curiosity."

Ever since he knew Fang Zhuo, he has often reflected on himself and remained skeptical about many things. The gossip he heard this time was just to prove it. in a relatively reasonable and stable range.

67 billion dollars!
This is already an ecstatic harvest investment for investors!
"I hope Yike can lead the development of this industry under the leadership of Mr. Fang." Xiong Xiaoge said sincerely, "It is really not easy to make an overseas brand."

Fang Zhuo received his supernatural powers: "Forget it, you old bear said something human today."

"I've been in New York for half a month, and I'm going back to China tomorrow." Xiong Xiaoge lit a cigarette, "When are you going back? Are you going to spend the New Year in New York?"

"Of course I have been home. Although New York is a paradise, my hometown is in the East." Fang Zhuo got up and cut two cigars. "Smoking is harmful to health. Smoking this."

Xiong Xiaoge crushed the cigarette, took the cigar, and gave a question mark expression: "Are you sure?"

"Not sure, I plan to quit all of them, this is the last one." Fang Zhuo sat down and said vowedly.

Xiong Xiaoge looked at President Yike with contempt: "Then when will you return to China?"

"Let's wait a while." Fang Zhuo hadn't confirmed his itinerary yet.

Xiong Xiaoge said very understandingly: "You really have a lot to do."

"Not really, I'll wait until the Forbes Rich List in China is announced before going back." Fang Zhuo said calmly.

Xiong Xiaoge: "..."

As expected of you.

Well, real, respect.

The two smoked cigars quietly for a while.

After a long time, Xiong Xiaoge quietly asked, "Is there really any hope for Bingxin?"

"Just this time, Yike's listing is not enough for you, Xiong Xiaoge, to support me with all your strength?" Fang Zhuo didn't look at the old Xiong who had known him for a long time, and there was some fake anger in his tone.

Xiong Xiaoge was silent, anger is fake, this truth is very true.

He then replied: "Enough."

"Well, after returning to China for the Chinese New Year, the Medical Association will hold a board meeting, and I will give the venture capital a redemption mechanism, and you will take the lead." Fang Zhuo looked at the president of IDG Huaxia with piercing eyes.

Xiong Xiaoge: "...No, I fully support you in my attitude, but you have to give me a buffer. You can't say that in the first sentence and this in the next sentence. Moreover, I have to be responsible for IDG."

"Old Bear." Fang Zhuo put down his cigar, "If you can't do it, come to Yike. Although Yike's investment is small, I can give you full trust."

"I don't believe it." Xiong Xiaoge said bluntly, "I very much doubt that you can completely trust others."

Fang Zhuo took out his mobile phone and called Xiao Yu.

Soon, the phone was connected.

He said, "Xiao Yu, do I trust you completely?"

Yu Hong, Yike's marketing director, replied relaxedly: "No, what's wrong?"

Xiong Xiaoge almost didn't laugh out loud.

Fang Zhuo said in amazement: "I don't trust you completely? How is it possible! Xiao Yu, it's me, I'm Fang Zhuo, wake up!"

"Can you completely trust others? I can't imagine it." Yu Hong seriously gave a summary of what he had known for so long, "You should only trust yourself."

"Let's have lunch together at noon tomorrow. Hang up." Fang Zhuo ended the call resentfully.

Xiong Xiaoge gave a mocking look, and then said, "Mr. Fang, what's the matter, didn't you communicate in advance this time? I thought you were going to sing a double reed for me again."

"Go well, I won't send you off, I'll send you out when I return home." Fang Zhuo's mood faded.

Xiong Xiaoge hey, with this attitude, if you are out, you are out!

He picked up his mobile phone, carried the blessings of the richest man in China, and left the Mandarin Oriental Hotel, preparing to board the flight back to China the next day.

……

The Chinese New Year in 2004 falls on February 2st.

After Xiong Xiaoge, President of IDG Huaxia District, led the team to leave New York, Fang Zhuo also arranged affairs here to make preparations before returning to China.

In terms of official business, adjust business strategy and carry out personnel changes. Whether in the United States or Europe, we must expand more aggressively. Compared with last year, this year's goal is to at least triple the sales volume.

As for the private matter, it is the purchase of an NBA team, and a financial team is recommended by private lawyer Martin, who will seek better funding solutions and negotiate with them.

Both Sina and Yike stocks under Fang Zhuo’s name have various financing methods, and the financial team also suggested to obtain funds for the purchase of the team in the form of pledge, but after many considerations, he decided to sell 2% of Sina’s shares to fill the gap. part of the funds.

His shareholding in Sina is divided into three parts, MIGA Fund, PL Fund, and Yike Investment, and the No. 1 financial product in MIGA Fund is the investment in Sina.

Fang Zhuo decided to sell 2% because he considered further promoting the MIGA Fund to attract more asset management clients.

The MIGA fund’s holding cost for Sina is just over US$1, and now Sina’s stock price is stable at US$50, which is a nearly 50-fold increase and is a highlight worthy of special mention.

The sale of 2% of the shares will be an integrated promotion of MIGA Fund based on a series of events such as product performance, purchase of NBA teams, and the wealth of young presidents. It is necessary to let more middle-class and wealthy Americans know that there is such a familiar Chinese stock. And private equity funds in the US real estate sector.

With such a reputation and publicity, it is believed that MIGA Fund will soon raise client funds far exceeding 2% of the value of Sina shares, and will better share the prosperity of the US real estate market.

In this regard, in addition to real estate-related stocks in the U.S. stock market, MIGA and PL Fund are also cooperating with Washington Mutual Bank on subprime debt—this bank is a funding institution that accepts Yike’s unlisted shares as pledges, so it maintains a good relationship now.

All kinds of things were arranged one by one. After more than half a month of paradoxical changes in the market value of Yike America, the atmosphere finally faded away. Everyone focused on the implementation of the annual plan.

In China, because of the announcement of the 2003 Forbes Rich List, Yike's listing, which has been reported a wave, once again ushered in widespread attention.

Around this time last year, Fang Zhuo, known as "Shencheng's richest man", made great strides, leaping from the ninth in the country to the first in the country, and he is also the youngest rich man on this list.

Ding Lei ranked second, making the list for the first time, and also the second youngest billionaire.

——No.3 Rong Zhijian.

——No.2 Ding Lei.

——No.1 Fang Zhuo.

A year ago, Fang Zhuo published an open letter from the president within Sina, claiming that "the spring of the Internet has come."

A year later, some media described the shock of this list as "the spring of the Internet has really come":

The spring of the Internet has really come. It first gave wealth to the first person who sounded the horn for it. Fang Zhuo, who holds the wealth in his hand, is the most outstanding representative of the Internet industry.

(End of this chapter)

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