Top of the Great Era
Chapter 2262 Resource Allocation
Chapter 2262 Resource Allocation
"The Avengers" is so popular that it is popular all over the world.This is even more so in China. Within a month of its release, it has already set a record for domestic box office revenue.
The film market has fully recovered, and the signal is already obvious.
However, some people just can't see it.
They even made sarcastic remarks about Wanda's acquisition of AMC Cinemas.
Jieyu Media cooperated with Pengcheng TV Station to produce a parkour show, which is the kind of show where beautiful women pass the test in cool clothes, and if they fail, they will fall into the water.
This is already the fourth season.
The ratings of this program are far lower than Jieyu Media's "Run, Brother", "Good Voice", "If You Are the One", "Job Seeker", "I'm a Singer" and other programs that are popular all over the country, but it is already relatively popular in local stations. Excellent program too.
It happens that Changyou is focusing on parkour mobile games, and has just acquired the parkour mobile game Temple Run for US$450 million.Zhou Buqi believes that this will be an important branch of sports games, and it needs to be studied in depth.
I followed Xu Baihui to Pengcheng TV station.
I plan to understand the production concept of this parkour variety show, maybe it can provide some ideas for the production of cool running games.
It turned out that the trip was good. The leaders of the stage invited Boss Zhou to dinner for everything they said, and they also specially called several beautiful hostesses from the stage to accompany them.
That's all.
The leader of Taiwan may feel that his level is not enough, and he might make a fool of himself when communicating with Boss Zhou, so he specially brought in an expert in finance and economics.
This made Zhou Bu's head blown.
This expert talked about mergers and acquisitions with a gesture of pointing out the country, and also took Wanda's acquisition of AMC theaters as an entry point——
"Domestic companies always show aggressive financial styles during the acquisition process, which is common. Wanda's acquisition of AMC Theaters is the most typical example. AMC Theaters' profitability is not strong, and it lost nearly 1 million U.S. dollars last year. Wanda has adopted almost 100% highly leveraged acquisitions. Once the expected synergy effect is not achieved after the acquisition, it will inevitably affect Wanda’s other operating businesses.”
“There are many reasons why Chinese companies favor an aggressive financial style.”
"From a historical point of view, in the past 20 years, thanks to the rapid and rapid growth of the domestic economy, companies with high leverage and financial aggressiveness, if they can accurately seize market opportunities, can often make a difference and achieve extraordinary returns. develop."
"Some real estate companies almost always achieved success through extremely aggressive financial means in the early stage of development, and quickly became bigger and stronger. This kind of success unknowingly paralyzes the risk nerves of some entrepreneurs, making them addicted to how fast, easy and economical In the development model. After some entrepreneurs have tasted the sweetness, they are full of confidence, and from time to time they have to show their ambitions to conquer mountains and rivers."
"Alas! As everyone knows, the success of radical financial methods stems from the previous macroeconomic environment at home and abroad, as well as the development space of the industry, but now the world economic cycle is changing, and the external conditions have already changed drastically. Indulging in the old model again? This is too dangerous!"
An expert is indeed an expert, and he speaks clearly and logically, and the key words are still polite.
This is not over yet, and a long story continues.
"The generalization of this aggressive financial style also has some cultural roots."
"For a long time, we have advocated that the winner is the king and the loser is the bandit. In many value evaluation systems, heroes are judged by data.
"Under this kind of atmosphere, in order to pursue beautiful numbers, entrepreneurs always have the urge to quickly expand the scale of the company. For example, 'become one of the world's top 5 in five years', or 'use three to five years to build 500 assets Hundreds of millions of enterprises' and other slogans. Over the years, Chinese people have seen too much. The former is often painted on the high walls of enterprises.
"Under the guidance of these slogans and value judgment standards, companies are inevitably driven by short-term interests, and extreme means have the upper hand in order to quickly achieve their goals."
"Companies in our country usually have a short history. Most companies lack corporate governance structures and internal control mechanisms, lack scientific decision-making procedures, and lack quantitative decision-making capabilities. The ability to judge, manage and avoid risks is very weak. Especially in private enterprises, the prevalence of Paternalistic style. When internal control fails, it is not surprising that aggressive and even aggressive financial style is common.”
"Indeed, if the right time and place are met, radical financial measures will have the effect of getting twice the result with half the effort, but when the macroeconomic or market prospects are facing many uncertain factors, there will be relatively large risks."
"Now that the U.S. economy is recovering weakly, Europe is mired in a quagmire due to the sovereign debt crisis, and the global economy and financial markets are facing too many uncertainties at present and for a period of time to come... The risk of adopting aggressive financial measures with high leverage at this stage is simply too great ..."
Zhou Buqi had to admit that what the other party said was quite good.
That's fine, at least on a theoretical level.
It feels like coming prepared.
I don't know if the other party wants to recommend himself as his economic consultant, or wants to make a good impression on Boss Zhou on behalf of Taili, or is hinted at by someone's advice.
In short, the topic finally fell on the rumors of Ziweixing International's acquisition of Yahoo.
The other party is not optimistic.
Think the risk is too great.
Yahoo's profitability is getting worse and worse, and the economic environment in Europe and the United States is not very good. At this stage, buying Yahoo... is really not a good deal!
Zhou Buqi didn't go to get to the bottom of it, he listened in his left ear, and blew in his right ear.
For entertainment, if one sentence out of ten is true, then you can be regarded as an honest person.Boss Zhou is such a down-to-earth person, Che Jilu talked a lot.
At the end of the entertainment, Zhou Buqi rejected the proposal of several beautiful hostesses from the other party to send him home, pulled Xu Baihui and hurriedly withdrew.
As soon as he got in the car, the "drunk" Zhou Buqi became a little sober, and said very speechlessly: "Don't drag me into this kind of entertainment in the future, what's the matter!"
Xu Baihui was also a little irritable, "I have had dinner with Zhang Tai a few times, he is very nice, and his talk is also interesting. Who knows what kind of expert I found today, I didn't see those beautiful hostesses who didn't talk much , the atmosphere is not right."
Zhou Buqi nodded, "However, this can also reflect the attitude of some people. It seems that they are only interested in GDP, not GNP."
GNP is Gross National Product.
For example, Jieyu Media's American business, because this part of the output value is created in the United States, it will not be counted in the domestic GDP.But this part of the output value belongs to Jieyu Media. From the perspective of the country, it is GNP.
Now the domestic GDP has surpassed that of Japan, but the GNP is much behind that of Japan. The main reason is that there are too few domestic multinational companies.
Some people in the country seem to be very reluctant to see that they use domestic money to invest overseas, and there will be a suspicion of loss of national capital.
Xu Baihui snorted and said, "I think it's just jealousy. The neighbors next door are prosperous. The neighbors will not be happy for them, they will only talk sarcasticly behind their backs, envious and jealous."
Zhou Buqi shook his head, "You can't say that. In the final analysis, it is a matter of resource allocation. This thing is not very fair. There is only so much foreign exchange, who will not give it to whom? Ordinary people only have a quota of 5 US dollars a year."
Xu Baihui laughed and said, "You're talking about Wanda, and Ziweixing International doesn't need it."
……
Guan Nanqing was a bit apprehensive, "What do you think about the boss? With milk tea, I take her with me wherever I go, and don't care about the two of us. It's too unfair."
Mai Feixue's reaction was very flat, and she said casually: "What's the matter, I haven't got it yet. When I eat it, I should treat it equally."
"It makes sense." Guan Nanqing blinked and smiled, and suddenly heard the sound of the electronic lock unlocking, "Oh, the boss seems to be back."
Zhou Buqi sent Xu Baihui to the hotel first, and then went home with Sun Guanran and Zhang Zetian.
When socializing, Zhang Zetian was very restrained and hardly spoke much.
When I got home, I felt much more free, mainly because I got to know everyone well and dared to talk, so I took the initiative to ask: "Mr. Zhou, I read in the book that resources will always fall into the hands of those who use them best. Really?"
Zhou Buqi smiled, "Almost, this is the case in the market. If there is an invisible big hand behind the manipulation, like monopoly industries such as oil and gas, it would be hard to say. But generally speaking, it is true."
Zhang Zetian said softly: "If this is the case, doesn't it mean that the rich are getting richer? An excellent person like you can always make the best use of all the resources in his hand, and in the end, the wealth will not be all gathered Is it in your hands? You seem to be very good at everything, including the Internet, milk tea, real estate, mobile phones, and even movies and reality shows. Is it fair to those who are not so good? Just because you are good enough , can you occupy so many social resources?"
As soon as these words came out, Sun Guanran was slightly taken aback.
Mai Feixue and Guan Nanqing were also dumbfounded, thinking that the girl's words were really bold.
"Well, that's very good." Zhou Buqi nodded, very happy, and his impression of this girl was raised a lot, "Some people, even if you give resources to them, they still have a hard time. Giving full play to the value of resources will cause huge waste. Through unfair resource distribution, resources are allocated to those who can maximize the value of resources and maximize social efficiency. This is the domestic economic development in recent years. The main reason for the rapidity. And in the process, those who are less able to utilize resources are marginalized from society, and social hierarchies are revealed.”
"Is that so..."
Zhang Zetian felt that such an answer was a bit vague.
(End of this chapter)
"The Avengers" is so popular that it is popular all over the world.This is even more so in China. Within a month of its release, it has already set a record for domestic box office revenue.
The film market has fully recovered, and the signal is already obvious.
However, some people just can't see it.
They even made sarcastic remarks about Wanda's acquisition of AMC Cinemas.
Jieyu Media cooperated with Pengcheng TV Station to produce a parkour show, which is the kind of show where beautiful women pass the test in cool clothes, and if they fail, they will fall into the water.
This is already the fourth season.
The ratings of this program are far lower than Jieyu Media's "Run, Brother", "Good Voice", "If You Are the One", "Job Seeker", "I'm a Singer" and other programs that are popular all over the country, but it is already relatively popular in local stations. Excellent program too.
It happens that Changyou is focusing on parkour mobile games, and has just acquired the parkour mobile game Temple Run for US$450 million.Zhou Buqi believes that this will be an important branch of sports games, and it needs to be studied in depth.
I followed Xu Baihui to Pengcheng TV station.
I plan to understand the production concept of this parkour variety show, maybe it can provide some ideas for the production of cool running games.
It turned out that the trip was good. The leaders of the stage invited Boss Zhou to dinner for everything they said, and they also specially called several beautiful hostesses from the stage to accompany them.
That's all.
The leader of Taiwan may feel that his level is not enough, and he might make a fool of himself when communicating with Boss Zhou, so he specially brought in an expert in finance and economics.
This made Zhou Bu's head blown.
This expert talked about mergers and acquisitions with a gesture of pointing out the country, and also took Wanda's acquisition of AMC theaters as an entry point——
"Domestic companies always show aggressive financial styles during the acquisition process, which is common. Wanda's acquisition of AMC Theaters is the most typical example. AMC Theaters' profitability is not strong, and it lost nearly 1 million U.S. dollars last year. Wanda has adopted almost 100% highly leveraged acquisitions. Once the expected synergy effect is not achieved after the acquisition, it will inevitably affect Wanda’s other operating businesses.”
“There are many reasons why Chinese companies favor an aggressive financial style.”
"From a historical point of view, in the past 20 years, thanks to the rapid and rapid growth of the domestic economy, companies with high leverage and financial aggressiveness, if they can accurately seize market opportunities, can often make a difference and achieve extraordinary returns. develop."
"Some real estate companies almost always achieved success through extremely aggressive financial means in the early stage of development, and quickly became bigger and stronger. This kind of success unknowingly paralyzes the risk nerves of some entrepreneurs, making them addicted to how fast, easy and economical In the development model. After some entrepreneurs have tasted the sweetness, they are full of confidence, and from time to time they have to show their ambitions to conquer mountains and rivers."
"Alas! As everyone knows, the success of radical financial methods stems from the previous macroeconomic environment at home and abroad, as well as the development space of the industry, but now the world economic cycle is changing, and the external conditions have already changed drastically. Indulging in the old model again? This is too dangerous!"
An expert is indeed an expert, and he speaks clearly and logically, and the key words are still polite.
This is not over yet, and a long story continues.
"The generalization of this aggressive financial style also has some cultural roots."
"For a long time, we have advocated that the winner is the king and the loser is the bandit. In many value evaluation systems, heroes are judged by data.
"Under this kind of atmosphere, in order to pursue beautiful numbers, entrepreneurs always have the urge to quickly expand the scale of the company. For example, 'become one of the world's top 5 in five years', or 'use three to five years to build 500 assets Hundreds of millions of enterprises' and other slogans. Over the years, Chinese people have seen too much. The former is often painted on the high walls of enterprises.
"Under the guidance of these slogans and value judgment standards, companies are inevitably driven by short-term interests, and extreme means have the upper hand in order to quickly achieve their goals."
"Companies in our country usually have a short history. Most companies lack corporate governance structures and internal control mechanisms, lack scientific decision-making procedures, and lack quantitative decision-making capabilities. The ability to judge, manage and avoid risks is very weak. Especially in private enterprises, the prevalence of Paternalistic style. When internal control fails, it is not surprising that aggressive and even aggressive financial style is common.”
"Indeed, if the right time and place are met, radical financial measures will have the effect of getting twice the result with half the effort, but when the macroeconomic or market prospects are facing many uncertain factors, there will be relatively large risks."
"Now that the U.S. economy is recovering weakly, Europe is mired in a quagmire due to the sovereign debt crisis, and the global economy and financial markets are facing too many uncertainties at present and for a period of time to come... The risk of adopting aggressive financial measures with high leverage at this stage is simply too great ..."
Zhou Buqi had to admit that what the other party said was quite good.
That's fine, at least on a theoretical level.
It feels like coming prepared.
I don't know if the other party wants to recommend himself as his economic consultant, or wants to make a good impression on Boss Zhou on behalf of Taili, or is hinted at by someone's advice.
In short, the topic finally fell on the rumors of Ziweixing International's acquisition of Yahoo.
The other party is not optimistic.
Think the risk is too great.
Yahoo's profitability is getting worse and worse, and the economic environment in Europe and the United States is not very good. At this stage, buying Yahoo... is really not a good deal!
Zhou Buqi didn't go to get to the bottom of it, he listened in his left ear, and blew in his right ear.
For entertainment, if one sentence out of ten is true, then you can be regarded as an honest person.Boss Zhou is such a down-to-earth person, Che Jilu talked a lot.
At the end of the entertainment, Zhou Buqi rejected the proposal of several beautiful hostesses from the other party to send him home, pulled Xu Baihui and hurriedly withdrew.
As soon as he got in the car, the "drunk" Zhou Buqi became a little sober, and said very speechlessly: "Don't drag me into this kind of entertainment in the future, what's the matter!"
Xu Baihui was also a little irritable, "I have had dinner with Zhang Tai a few times, he is very nice, and his talk is also interesting. Who knows what kind of expert I found today, I didn't see those beautiful hostesses who didn't talk much , the atmosphere is not right."
Zhou Buqi nodded, "However, this can also reflect the attitude of some people. It seems that they are only interested in GDP, not GNP."
GNP is Gross National Product.
For example, Jieyu Media's American business, because this part of the output value is created in the United States, it will not be counted in the domestic GDP.But this part of the output value belongs to Jieyu Media. From the perspective of the country, it is GNP.
Now the domestic GDP has surpassed that of Japan, but the GNP is much behind that of Japan. The main reason is that there are too few domestic multinational companies.
Some people in the country seem to be very reluctant to see that they use domestic money to invest overseas, and there will be a suspicion of loss of national capital.
Xu Baihui snorted and said, "I think it's just jealousy. The neighbors next door are prosperous. The neighbors will not be happy for them, they will only talk sarcasticly behind their backs, envious and jealous."
Zhou Buqi shook his head, "You can't say that. In the final analysis, it is a matter of resource allocation. This thing is not very fair. There is only so much foreign exchange, who will not give it to whom? Ordinary people only have a quota of 5 US dollars a year."
Xu Baihui laughed and said, "You're talking about Wanda, and Ziweixing International doesn't need it."
……
Guan Nanqing was a bit apprehensive, "What do you think about the boss? With milk tea, I take her with me wherever I go, and don't care about the two of us. It's too unfair."
Mai Feixue's reaction was very flat, and she said casually: "What's the matter, I haven't got it yet. When I eat it, I should treat it equally."
"It makes sense." Guan Nanqing blinked and smiled, and suddenly heard the sound of the electronic lock unlocking, "Oh, the boss seems to be back."
Zhou Buqi sent Xu Baihui to the hotel first, and then went home with Sun Guanran and Zhang Zetian.
When socializing, Zhang Zetian was very restrained and hardly spoke much.
When I got home, I felt much more free, mainly because I got to know everyone well and dared to talk, so I took the initiative to ask: "Mr. Zhou, I read in the book that resources will always fall into the hands of those who use them best. Really?"
Zhou Buqi smiled, "Almost, this is the case in the market. If there is an invisible big hand behind the manipulation, like monopoly industries such as oil and gas, it would be hard to say. But generally speaking, it is true."
Zhang Zetian said softly: "If this is the case, doesn't it mean that the rich are getting richer? An excellent person like you can always make the best use of all the resources in his hand, and in the end, the wealth will not be all gathered Is it in your hands? You seem to be very good at everything, including the Internet, milk tea, real estate, mobile phones, and even movies and reality shows. Is it fair to those who are not so good? Just because you are good enough , can you occupy so many social resources?"
As soon as these words came out, Sun Guanran was slightly taken aback.
Mai Feixue and Guan Nanqing were also dumbfounded, thinking that the girl's words were really bold.
"Well, that's very good." Zhou Buqi nodded, very happy, and his impression of this girl was raised a lot, "Some people, even if you give resources to them, they still have a hard time. Giving full play to the value of resources will cause huge waste. Through unfair resource distribution, resources are allocated to those who can maximize the value of resources and maximize social efficiency. This is the domestic economic development in recent years. The main reason for the rapidity. And in the process, those who are less able to utilize resources are marginalized from society, and social hierarchies are revealed.”
"Is that so..."
Zhang Zetian felt that such an answer was a bit vague.
(End of this chapter)
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