Reinventing the Millennium.

Chapter 769 Bond (5K)

When Fang Zhuo returned to Silicon Valley, he still had a lot of things to deal with, but Xiao Ao's bright smile could still vaguely appear in his mind.

There is still some time and distance before he takes office. Hillary, the leader of the democrats, has already sharpened her sword and is generally more optimistic and supported.

In addition to needing to give Hillary an unexpected shock wave, Xiao Ao also needs to wait for a change in the economic situation.

After all, O'Neill's campaign slogan was "change."

We have to let the subprime debt crisis mess up the situation first, then we can talk about change and reform, and this person can win more hearts and opportunities.

Here in Silicon Valley, Sina executives, headed by Wang Yan, came here thinking about it, inspecting a high-tech company every day, and expressing their feelings on Fb and Twitter, but deeply experienced the similarities and differences between the two products.

They are expected to return home in a week.

Liang Gongwei and others from Morningstar Semiconductor had plans to return, but because of MediaTek's visit and Mr. Fang's personal itinerary, they chose to wait in Silicon Valley to meet Mr. Fang before leaving.

Liang Gongwei and Yang Weiyi still have a lot of work to do. However, in order to connect with Yike R&D, the clever Wei Boyun was retained to ensure that the cooperation between Morningstar and Yike can be handled flexibly.

Now some of the technical team members acquired by Morningstar from France have come to Silicon Valley to join the job, and they will serve as the backbone of the "Vulcan" project.

Considering that there is still a chance for MediaTek to compete, the team from Morningstar will work in Silicon Valley in the form of a contract between Yike and Morningstar’s joint subsidiaries, and it will be declared to be Yike’s own team.

There are still various things to deal with around the Yike mobile phone.

Fang Zhuo thought of Google's previous proposal, and on the second day back to Silicon Valley, he found someone to contact the three domestic operators, and wanted to invite them to talk about the establishment of the "Open Mobile Phone Alliance".

The previous cooperation with the operator was limited to Sina's wireless value-added market. Just like the previous cooperation, China Mobile was the first to respond to Mr. Fang and was willing to send the deputy general manager to Silicon Valley to talk about the projects of international giants.

Regardless of success or failure, international business contact itself can be used as an effective internal negotiation at certain times.

The last few days of June passed in a blink of an eye, and the NBA's free trade market opened on the first day of July.

After the Rockets defended their title, the skeleton of the Trident next season has not been shaken, but a lot of flesh and blood has been lost. What makes Fang Zhuo most regretful is the departure of Kurt Thomas and Muhammad, the two defensive heroes who won the championship.

Other players can also get premium contracts more or less because of their championship experience.

Fang Zhuo, the boss who knows the game, has already ordered the general manager of the team to pay a huge luxury tax to hit the three consecutive championships. In addition, he also hand-picked two deals.

One, signed the Magic's second-round pick Ariza with a two-year contract of 2 million.

Second, the trade gets a second-round pick. This year's selection of rookie players is intended to miss Paul Millsap.

Nash, Carter, Yao Ming, Danny Granger, Ariza, Paul Millsap, these will be the main rotation players of the Rockets in the new season, other functional puzzles require the team general manager Colangelo to continue to move Brain out.

After winning the championship for two consecutive years, other teams are generally reluctant to help the Rockets' three consecutive championships. Colangelo's main plan is to select overseas players who have proven themselves in the European market.

On the night of July 7st, Fang Zhuo had a daily video chat with Su Wei. The video of the two of them basically scored 1 points for work and 7 points for chatting.

It was only today that he settled down to discuss the development of the domestic e-commerce market with Mr. Su.

In the first half of the year, the most iconic time for domestic e-commerce was Taobao’s 6 promotion.

Like e-buy's Double Eleven event last year, Taobao also adopted a three-day deadline this time, and finally announced a total transaction volume of 18.3 billion that shocked the industry.

Last year, Taobao’s total transaction volume for the year was 80.2 billion GMV, already blowing up eBay. This year, it is expected to double and hit 160 billion GMV.

As a result, 6 billion was done in three days on June 18, which not only shocked the industry, but also shook up and down inside Taobao.

The domestic financial media interviewed the high-spirited Ma Dian, who shouted the slogan of hitting 200 billion GMV this year.

200 billion!
It has only been 3 years since Taobao was established this year, and it has grown from nothing to a GMV of 200 billion. It really makes people lament the development of e-commerce.

"The scale of C2C is really very dynamic." Su Wei talked about Taobao's situation and was also shocked by its big promotion results.

Taobao is different from e-buy in that the unit price of its commodities is not high. Behind such a figure, there are quite active buyers and sellers.

It's like a snowball, the bigger it gets, the faster it rolls.

Fang Zhuo didn't feel much about Taobao's development, he just smiled and said, "It's a good thing to be active. Taobao is working together to make the cake of e-commerce bigger. If the cake is bigger, we will also benefit from it, and vice versa. .”

Su Wei said: "I just think that the goals we set will be a little conservative?"

E-buy's goal is 2 billion revenue in 180 years.

This figure is taken from Gome's 2005 revenue data.

"Steady and steady, we have two warehouses put into use in the first half of the year, and new storage centers will be opened in the second half of the year. If the Taobao model has brought vitality to buyers and sellers, but our e-buy is to use money to burn vitality. , No matter how this vitality comes from, it can be used.” Fang Zhuo is more optimistic, “At the end of the year, what I hope to see is not the growth of revenue, but the improvement of basic services, especially the logistics level.”

Su Wei thought about what the boss said.

The cost of e-buy's self-built logistics is quite high, but the bulk is actually in the construction of warehousing, and the terminal distribution is not bad.

At present, the cost of the third party is 6-8 yuan. The delivery cost of e-buy is still high, and it needs to be in the early 10s. This figure is expected to continue to decrease this year, and it will drop to 7-8 yuan next year at the latest.

But at the same cost, E-shopping logistics can provide more satisfying services to consumers, which is also an advantage of self-built logistics.

Su Wei discussed the construction of logistics for a while, and when the video was about to end, she asked about the situation of Jufang's general team.

"I read Sina Sports, saying that Carter didn't renew his contract in advance, and the energy for the new season is focused on winning the championship. What's going on?"

Fang Zhuo replied: "His contract was originally signed in the summer of 08, but next summer he has the right to jump out of the contract and enter the free market. They are all heading for the third championship, and everything else is postponed."

Just as Su Wei was about to hang up the video, she suddenly remembered the important idea that she had been pondering for the past two days. She hesitated and said, "Although the domestic market of E-buy has not yet done a good job, do you think it will be possible to get it someday in the future?" How about this model to compete abroad?"

Fang Zhuo smiled and said, "Are you talking about Japan or Korea?"

"I've been shopping in two countries in the past two weeks, and I don't think it's impossible, but I still need to think about it carefully." Su Wei replied.

Fang Zhuo pondered for a while, and said, "No matter which country it is, we will wait until after 08. I have noticed some wrong economic phenomena in the United States."

Postponed, postponed, all postponed, all postponed until after 08!
"Then we'll talk in detail when you come back." Su Wei didn't question the judgment at this point in time.

After Fang Zhuo finished the video, he thought about the situation of domestic e-commerce, and unconsciously thought of Amazon.

Although I don't pay attention to Amazon's development deliberately, but people in the United States, its news will still come into my eyes, and its development is quite fast. In particular, the cloud computing service just launched this year has been well received by the market.

This is a place worth learning.

Just after thinking about today's discussion on e-commerce, the mobile phone on the table vibrated with the call of an unfamiliar number.

"Hi, Mr. Fang, I'm Susan from Northern Trust." The visitor continued after introducing himself, "According to Xiao Ao's entrustment, we have a sum of money that we want to invest in the MIGA fund."

Fang Zhuo was taken aback, and asked for more specific information and a more detailed identity.

Susan is a director of the Northern Trust and has a good relationship with Xiao Ao.

Investing in MIGA fund management through Northern Trust this time is also a habitual risk avoidance.

Xiao Ao's investment money is invested in the Northern Trust, which adds a layer of filter, and then the Northern Trust puts the money into the foundation.

If there are any unexpected risks, they can naturally be pushed to Northern Trust.

Fang Zhuo thought that he and Xiao Ao would get a direct investment as soon as they hit it off, but he didn't expect such a setup. However, it's okay to have one more Northern Trust, and the subprime debt crisis is bigger than everyone imagined.

The profit from the subprime debt may not be able to be resisted by a filter. What's more, Xiao Ao is still a person who loves basketball, and the two of them will have moments of interaction.

"Susan, my MIGA fund is looking for suitable profit-making contracts in the CDS market. Are you interested in investing in some?" The governor has talked about the prospects of CDS, and recently talked with Summers about his investment."

He didn't mind giving away client information at a time like this.

Susan wanted to make a simple investment of $50, but she was still a little surprised to hear the names of Geithner and Summers.

Northern Trust is very optimistic about and supports Jermaine Jr., a rising star in the political arena. Considering Geithner's unusual status, such an investment opportunity seems to be able to increase some numbers.

She asked, "What is the additional investment threshold for Fang Zong Fund?"

This is no longer an investment for Xiao Ao's status.

"US$1000 million." Fang Zhuo reported the investment threshold.

Susan hesitated a little, higher than she thought.

But she thought about it again, why is she so tall?
Susan thought for about ten seconds, and replied, "I will seriously consider it, Mr. Fang, thank you for your invitation."

Fang Zhuo ended the call with a smile.

Then he immediately called Zhao Zhishan: "Collect the information of Northern Trust, and then look at its activities in Illinois and Chicago, and see its connection with Xiao Ao."

Xiao Ao has been a state legislator for three terms, and there is still a lot of information in Illinois. Sometimes it takes a clue to find out a clue.

Before Zhao Zhishan could reply, another call came in.

This time it was from the secretary of the boss Summers.

The boss wants to see Mr. Fang.

Meet in the offices of the New York Economic and Social Development Institute.

In just a few days, the Institute has rented and listed the 66th floor of the Empire State Building.

Fang Zhuo thought that someone like Mr. Sa might not know when he would appear, but unexpectedly, his reaction was quite fast.

Perhaps, just resigned from Harvard, people want to get out of the opposition as soon as possible.

Teacher Xiao Sa did not give much time for the meeting, which meant that Fang Zhuo had to catch another plane from Silicon Valley to New York at night, and the flight between the two places would take more than 5 hours even if it was a direct flight.

But this road will not be idle, and Zhao Zhishan's news about Northern Trust is just on the road to read.

Northern Trust is the fifth largest asset service company in the world headquartered in Chicago. Founded in 1889, it has branches in 15 states and 6 countries in the United States. Its operating trust assets are close to 6000 billion. It is an out-and-out industry giant.

And, it gave Jermaine a lot of support in Illinois and Chicago.

It can also be said that the Northern Trust is suspected to be one of the financial backers behind Xiao Ao.

After reading the information, Fang Zhuo felt that Northern Trust is really rich!
I didn't deal with extra things that night. After arriving in New York, I had a good rest and planned to give Teacher Xiao a good mental outlook.

At 09:30 the next morning, Fang Zhuo came to the 66th floor of the Empire State Building early and saw the signboard of the organization sponsored by his foundation.

Zhao Zhishan talked about the details of the research institute. Teacher Xiao Sa's office furnishings imitated his office as a financial steward.

"You are quite caring." Fang Zhuo admired.

"Looking at the information, he should like it." Zhao Zhishan said.

Soon, the time to verify Teacher Xiaosa's preferences will come.

Accompanied by his secretary, Summers arrived at the New York Economic and Social Development Institute, and his first reaction when he walked into the office was to laugh.

While gesturing for the secretary to leave, he said to Dongfang Rich Man whom he met for the first time: "Mr. Fang, this office is well furnished, I like it very much."

Fang Zhuo said with a smile: "It's good that Teacher Sa likes it. With Teacher Sa's joining, our research institute has the backbone."

Summers overlooked Manhattan's Fifth Avenue below the Empire State Building, and put away his smile: "Mr. Fang, although I like this office very much, I don't intend to sit here. I think it's better for you to hire me. Get to know the esteemed MPs."

Fang Zhuo's salary to Mr. Sa is 500 million US dollars a year.

This figure is exactly the same as the increase reported by Geithner for the second time, and that amount of money is likely to be Mr. Sa's personal investment in the foundation.

Now, NYE returns the money invested in salary, and the investment still counts.

"Mr. Sa, I don't know much about economics. I respect economists the most. I don't know if Geithner mentioned it. I like Mr. Samuelson's works very much." Fang Zhuo said seriously, " Being able to see the discourse on social development from an economic perspective is beneficial to me personally and to the company.”

He felt that Mr. Sa was out of reality, and wanted to get money, but he didn't want to be able to do practical things like a congressman, so he said that he didn't need him to do practical things, as long as he had a report.

Sure enough, Summers didn't shirk any more, and after quietly looking at the city scenery for a while, he slowly said: "I just came back from Houston last month, and I went there to attend the funeral of an old friend."

He turned around and asked, "Mr. Fang, do you know Lloyd Bengtson?"

Fang Zhuo shook his head, he seemed to have a little impression of this, but he really couldn't figure out who it was.

Summers said: "He is a good man. He has been a congressman in your Texas state for more than 20 years and served as Clinton's financial steward. Rubin and I have a lot of respect for him."

Fang Zhuo didn't know about "our Texas" at all, but he knew who it was after hearing this.

This is Summers-Rubin-Benterson's financial steward.

Unexpectedly, he just passed away.

Fang Zhuo didn't understand what this guy meant by mentioning Bentsen.

"I talked to the Bengtsen family, and they're going to put the family money in a Bessemer trust," Summers reiterated with a sigh. "Benterson is a good guy, and I think his family should have Good news, I heard that Mr. Fang's fund has a very strict threshold?"

Fang Zhuo understood, and still wanted to invest money.

He thought for a moment, then said tactfully: "Since it is family property, it is actually safer to put it in a trust."

Summers shook his head: "But Bentsen is a good guy."

Hearing the meaning of personal friendship, Fang Zhuo said dumbfoundedly: "MIGA Fund is doing its best to care for its clients. We think there will be an opportunity to make a profit in the current market. If Bengtsen's family is willing, of course we would like to have such a client."

Summers nodded slightly, feeling that he had done something for his old friend.

He sat down, motioned for Mr. Fang to sit down too, and then said naturally: "I will let the Bessemer Trust handle this matter. Maybe they will also be interested in Mr. Fang's fund."

Very good, it's time for Xiao Zhao to check the information of Bengtsen and Bessemer Trust again.

Fang Zhuo felt a kind of big appetite.

Teacher Xiao Sa held a Bessemer Trust in the middle, and Xiao Ao showed a Northern Trust.

Both must be quite rich.

It appears that while the former has established interest, the latter may be drawn too.

The high-yield reputation of MIGA Fund due to its operations in Chinese concept stocks, Internet stocks, and real estate stocks, coupled with the abnormal CDO and CDS markets, has attracted the attention of some funds with special channels.

Summers smiled and said again: "This office is very good. I don't plan to use it. I want to invite Rubin to come over as the chief economic adviser. I think it is very interesting for us to discuss economic development together. What do you think sir?"

Of course, Fang Zhuo agreed with both hands. Lu Bin is the boss in front of Xiao Sa, and he is also at home now.

This seems to be another small exchange, taking the money trusted by Bessemer, and adding another person who can stand on the platform.

Rubin, Summers, Geithner, Jr., Northern Trust, Bessemer Trust...

Everyone invests money, and I am afraid that everyone has a mutual relationship with the donor.

Or for the high-yield profits of the MIGA fund, or for the abnormal prosperity of the CDO market, or for strengthening the contacts of the big men.

Fang Zhuo pondered for a while, and made a request: "Mr. Sa, in order to celebrate our New York Institute, I want to hold a charity dinner in New York, how about it?"

Summers readily agreed: "I'll have Rubin and a few old friends over."

Fang Zhuo smiled. The MIGA Fund can be used as a tool to make money as they wish, and it can also be used as a bond of mutual relationship.

(End of this chapter)