Hong Kong's new giants

Chapter 660 [Development of Telecommunications]

Beginning of April, Thursday.

Lin Zuhui came to the Hong Kong Telecom Building located in Quarry Bay, which is one of the old nests of Swire Properties - Taikoo Place; Taikoo Place has a total of eight buildings, two of which were sold by New Times Group to Swire Properties.

The property rights and naming rights of the Hongkong Telecom Building were purchased by Hongkong Telecom from Swire Properties in 1994. It is a modern building completed in the 90s, with a height of 43 floors and a property area of ​​60 square feet. The current value is about HK$20 billion.

Before the crash in 35, the Hong Kong Telecom Building was worth at least [-] billion Hong Kong dollars, which was almost one-third of the price of Queen’s Road in Central.

At its peak, Hong Kong Telecom had 1.6 employees, and now it still has 1.2 employees. It is a complete giant; the fact is that Hong Kong Telecom is the third listed company in Hong Kong by market value. Before the rise of New Times Group, It is second only to the existence of HSBC Bank.

It's a pity that such a huge company has gradually gone downhill because it exhausted its potential.

Of course, now that Lin Zuhui has taken over, it is natural to give HKT more 'imagination' and 'potential'.

After two months of asset integration, Hong Kong Telecom has undergone some changes:
First, New Times Group will inject 'Cyberport' and 'Times Telecom's Hong Kong business' into Hong Kong Telecom, increasing the group's shareholding to 60%;

Second, the new management replaced the original management and became more powerful.

Of the three businesses, the PCC business is the most 'imaginative', but Lin Zuhui has to admit that this business is used to raise the stock price of 'Hung Kong Telecom'.As for how much he can achieve, Lin Zuhui also has no idea, after all, he has never heard of how great Li Zekai achieved in this in his previous life.

"Tell me, what is the current situation of Hong Kong Telecom!" Lin Zuhui took the lead in speaking in English.

Zhong Chuyi, who was in charge of the investment business, immediately said, "Okay, boss!"

Yuan Tianfan, one of the most famous figures in Hong Kong stocks and financial circles, knew Zhong Chuyi when he was working as an investment banker. After Yuan Tianfan joined Lin Zuhui's company, he introduced many talents to Lin Zuhui.

"Sit down, the companies under my banner don't like this!"

Wu Qinghua, director and vice president of Hong Kong Telecom, graduated from the Department of Business Administration of the Chinese University of Hong Kong. He used to be the managing director of Hong Kong Telecom. He was recruited by New Times Group as the president of "Times Communication". ", and has also served as the president of the Hong Kong Communications Industry Association for many times, and has a very high status in the industry.

Zhong Chuyi, director and vice president of Hong Kong Telecom, joined the corporate finance department of Standard Chartered Bank in 1988, and became the director and general manager of Benda International in 1990. In 1992, Huang Hongnian and Zhong Chuyi established Zhongce Group Co., Ltd., which has always been run by Zhong Chuyi Taking care of.The reason why Zhong Chuyi joined HKT was at the invitation of Yuan Tianfan.

Avalon immediately said confidently: "At present, we divide the business of Xiangjiang Telecom into three parts:
First, the telecommunications business and Cyberport, which is the 'operating' part of Hong Kong Telecom, because they can create a steady stream of cash flow;
Second, PCC business (Internet policy control and billing), broadband Internet service, Internet video, which is also the "operation" part of Heung Kong Telecom; we plan to cooperate with internationally renowned companies such as Intel.

If Li Chaoren could compete with Lin Zuhui in the past, it is obvious that Li Chaoren is not at the same level as Lin Zuhui now. One can only be called a "world businessman", while the other is "the world's top business giant".

After listening to all the reports, Lin Zuhui just urged: "CWH Fund can report to me before investing in Internet companies, and invest as much as possible in emerging Internet markets, such as the Mainland; as for the United States, although it is the year of the Internet explosion, the bubble It's a bit serious, it's an Internet company that charges very high prices."

After Lin Zuhui listened, his expression didn't fluctuate much. Lin Zuhui probably told Yuan Tianfan about these development models, and Ai Weilang and others just went to formulate the details, complete them, and implement them.

Lin Zuhui nodded and said, "If there is a chance, if my personal investment company encounters a good project, I can also bring this fund."

Third, Hong Kong Telecom established an Internet fund company CWH, specializing in venture capital, which is the company's 'mergers and acquisitions' part.

Therefore, the top management of Hong Kong Telecom are all very powerful top talents:

The PCC business has those, which are also very imaginative:
For example, PCC first cooperates with local cable TV network operators to install a set-top box (set-top box) developed by PCC and Intel on the TV of cable TV users, so that users can use artificial satellites and cable optical fiber in the future. The broadband system can not only receive TV programs, but also surf the Internet at the same time, and carry out various electronic business activities, including online shopping, banking wealth management, stock trading, and business transactions between companies.

"boss"

After sitting down, Lin Zuhui looked at several senior executives of 'Hong Kong Telecom'. He did not plan to privatize Hong Kong Telecom, but planned to develop Hong Kong Telecom into a 'giant' technology/telecom company.

Director and President of Hong Kong Telecom: Avellon, well-known in the telecommunications industry in Hong Kong. He graduated from the Department of Mechanical and Electrical Engineering of the University of New South Wales in Australia. He participated in the plan to open the Australian telecommunications market in his early years. In 1993, he was employed by the Hong Kong government. , as the Director of the Telecommunications Authority, Hong Kong's telecommunications market can break the monopoly situation. He has made a lot of contributions and led the mainland to introduce competition mechanisms such as new fixed network operators and PCS operators.In the early days of the Information Technology and Broadcasting Bureau, he served as a special policy advisor.Because he is very familiar with Hong Kong telecommunications regulations and industry development trends, and is well-known in the telecommunications industry in the Asia-Pacific region, he was immediately recruited by Hong Kong Telecom.

Led by an assistant, Lin Zuhui walked into the conference room elegantly, and all the senior executives of HKT stood up one after another.

For example: change the previous practice of broadcasting sports events on cable TV, and switch to the Internet for broadcasting (when the network speed is sufficient in the future, intervene as soon as possible).

In short, PCC has unlimited room for development, because according to statistics, the economic development of most countries in the Asia-Pacific region is relatively slow, and the use of computers and mobile phones is not popular.The number of Internet users in Asia (excluding Japan) is only about 1200 million, and the popularity of the Internet is far lower than that in Europe and the United States. On the contrary, 1500% of households have a TV.Taking India as an example, there are currently only 6350 million computers in the country, while there are 7000 million TV sets; China has more than [-] million cable TV subscribers, and the coverage rate is higher than that of the United States. The PCC program is based in India.China.Japan is the key target to conquer.

Heung Kong Telecom will develop into a Vopera-non like CMGI in the United States, with mergers and acquisitions and operations in parallel.”

Among them, Yuan Tianfan was the director of Hong Kong Telecom dispatched by the New Times Group. He knew that he didn't need to stand up to welcome him, after all, the boss didn't like it; but when everyone got up, he naturally couldn't sit down.

Only then did everyone sit down one after another, and they even felt some pressure, which showed the influence of the new boss.

For a moment, everyone showed surprise expressions.

Who is this boss?

That is an Internet investment tycoon, there are too many successful investment cases, and he was even rated as a technology tycoon second only to Bill Gates by the American media, which shows his strength.

　still today

　　
　
(End of this chapter)