Hong Kong's new giants

Chapter 667 [Open the large-scale cash-out mode]

Beginning of June.

ICQ was finally successfully listed on NASDAQ with a valuation of US$40 billion. It sold 25% of the public shares and raised US$10 billion in cash.On the first day after listing, the market value climbed to 52.8 billion US dollars, which is very hot.

The reason why it is so sought after is that ICQ has developed extremely large in the hands of Netflix, and has formed a dominant player in the instant messaging software market in many countries.

As for the instant messaging software MSN and IM developed by Microsoft and AOL, they cannot be compared with ICQ at all.

Through this incident, Lin Zuhui understands that if he is an Internet company, he will be ahead of similar products in many fields; of course, he prefers to be an investor and give advice.

The reason why ICQ was developed was that it was planned to be sold for hundreds of millions of dollars at the beginning; later, considering the development of the Internet industry in Xiangjiang, it was kept in hand for development.

In fact, after ICQ developed in the United States, it was immediately replaced by a team of professional managers. Lin Zuhui just gave some "very useful suggestions" behind his back.

California.

When Lin Zuhui came to the ICQ headquarters, he did not participate in the bell-ringing ceremony of ICQ, not even Liu Songcheng, the president of Netflix Software; ICQ was listed by a team of professional managers—George’s team.

After all, he has already invested more than 200 billion U.S. dollars in the United States (Hilton + Four Seasons Hotel + Ritz-Carlton + venture capital companies), and cashing out 100 billion U.S. dollars is not a big deal.

"Yes, it's nine months, and the impact must be minimized."

Holding 2% of Oracle, the current market value is 1350 billion. It is estimated that before the bubble crisis, it will be 2000 billion U.S. dollars, and it can cash out 30 billion U.S. dollars.

Holding 2% of Intel shares, the current market value is more than 3200 billion. It is estimated that before the bubble crisis, it will be 4500 billion US dollars, and it can cash out 80 billion US dollars.

In the office, Lin Zuhui, Liu Songcheng, and George are talking. Lin Zuhui will not hold a board meeting, because although George is in charge of ICQ, he also understands that Lin Zuhui can remove his team through the board of directors at any time.

Holdings in IBM, Harley motorcycles, etc., these stocks have increased by more than ten times;

Since these professional managers are obedient, there is no need for Lin Zuhui to hold a board meeting, because he intends to play down the influence of Netflix and himself in ICQ.

Amazon Internet will definitely be greatly diluted in the later period. Lin Zuhui simply does not consider reducing his holdings, and will maintain it at 5-6% in the future.

George immediately said: "What BOSS said is very reasonable. Instead of blindly expanding, it is better to maintain our instant messaging monopoly."

While Lin Zuhui was watching, the pen was roughly recording on the paper, and he would arrange cashing out later.

In their view, there will be no problem at all in cashing out 300-400 billion US dollars in nine months; on average, about 40 billion US dollars will be cashed out every month.

After the two left, Lin Zuhui was obviously thinking.

After all, the early president of ICQ was replaced by Lin Zuhui because of his lack of international vision.

The next day, Lin Zuhui came to Hengjin Investment headquarters in New York.

Roughly estimated, about 420 billion U.S. dollars can be cashed out, or about 3200 billion Hong Kong dollars, which is only invested by Hengjin.There are also Jingwei Capital and New Times Group in the back. As for the investment in family offices, we will not do T this time, and save T for 2008.
After a long time, Lin Zuhui said: "For Hengjin's investment projects, only Starbucks and Nike (which bought another 3%) are retained, and all other holdings are divided into nine months for you to cash out. Remember to cash out these 50% of the funds go to Hong Kong, 25% go to Switzerland, and 25% stay in the United States.”

"In the United States, except for Apple, Amazon, Kingston (unlisted), and Google, these four companies do not consider cashing out, and all other investments, except unlisted ones, must be cashed out." Lin Zuhui said.

Lu Bingwen said: "We currently hold Yahoo as the largest asset, worth about 60 billion, and Yahoo is still rising sharply. It is very possible to break through [-] billion this year. If we want to cash out, we have to make an announcement."

George said happily: "The stock price of ICQ is very optimistic by investors. The market value has risen to 70 billion US dollars in a week. It seems that it is not impossible to break through 100 billion US dollars by the end of the year."

Lin Zuhui said: "Give me nine months, and you have to cash out YAHOO in batches to minimize the impact."

Hengjin Investment plus Jingwei Capital has a total assets of more than 6000 billion Hong Kong dollars.

After all, the Internet has grown so much in recent years, 99% of people may have stopped early after making a little money, and after seeing the people in front of them making money, they rushed in desperately.

At work: Free email, offline message and file transfer, ICQ group and other functions make ICQ an important office software.

But ICQ doesn't need it, it just needs more people to register, and the growth of users will make the company grow.

No, there is also the fact that they attacked international speculators and spent 200 billion Hong Kong dollars to buy Hongkong blue chips, and now it has become more than 300 billion.

It seems that Lin Zuhui has become a little numb to his wealth!
Two days later, he came to the US headquarters of Jingwei Capital again.

The old retainer "Old George" came in with a suitcase, and vice president Wu Guoming, who was also an old retainer, came in hand in hand with him. George put the suitcase on Lin Zuhui's desk and opened it. Inside was a stack of documents.

The market capitalization of the U.S. stock market is currently around US$12 trillion, and it is not impossible to rise to US$15 trillion this year. Therefore, cashing out about 0.3% of the stock market in nine months will not have much impact.

Holding 2% of Microsoft shares (dilution and dividend increase during the period), the current market value is more than 4000 billion US dollars, and it is expected to be more than 6000 billion US dollars by the end of the year. Lin Zuhui plans to cash out in nine months, and is expected to withdraw funds of 110 billion US dollars;
Holding 2% of Cisco shares, the current market value is about 3000 billion U.S. dollars. It is expected to be 5000 billion U.S. dollars in March next year, and it is expected to cash out about 80 billion U.S. dollars.

The lowest impact reduction is due to the consideration not to affect too much Yahoo's stock price. After all, Jingwei Capital currently holds 10.1% of Yahoo's shares.

"No problem, boss!"

Stocks like Intel, Oracle, Cisco, Dell Computer, Microsoft, etc. have increased by dozens of times.

In this life, ICQ itself is one or two years ahead of Microsoft MSN and AOL IM, and its layout and functions are suitable for the habits and favor of Westerners, so it can naturally crush other instant messengers.Especially when the 'Membership System', 'ICQ Game', 'Server Terminal', etc. appeared, it quickly widened the gap between everyone.

George was taken aback for a moment, and then said: "ICQ can actually use stock for acquisitions, if it can make the company develop faster!"

Lin Zuhui's mood began to get agitated after writing down an account on paper. There were really a lot of people robbing money.

Of course, Netflix Software is still the controller of ICQ's board of directors, after all, it holds 75% of the shares.

"Don't worry, boss, we will definitely complete the task." George said confidently.

He admires Lin Zuhui very much, because this boss is very important to the development of ICQ, and he is involved in many functions and layouts; today's ICQ has become an indispensable software for work, social interaction, and entertainment, with more than 7000 million users worldwide , It proves its unlimited status in the future.

Why don't Apple and Amazon cash out, because Lin Zuhui is its director and doesn't want to be too troublesome;
If Apple can rise to 150 billion US dollars, Lin Zuhui will reduce part of his holdings, and then let his women buy about 2% (together), and he can keep it at 5%.

"Boss, all the investment details of Hengjin Investment are here. Usually these materials are distributed in three global headquarters. Only President Wu and I know the whole situation, and the rest of the investment managers only know the parts they are responsible for."

In fact, he has always firmly remembered the situation of Hengjin's investment, because he has a very good memory, so he can remember clearly some scattered channels.

Entertainment: ICQ rating system, membership system, and ICQ games (Lianzhong chess and cards) have also become the signature features of new users.

Lin Zuhui calculated:
YAHOO can cash out 90 billion US dollars, AOL can cash out 10 billion US dollars (from Netscape's conversion of AOL stock), and some Internet listed companies invested by investment managers are expected to get more than 20 billion US dollars.

Acquisitions are the favorite companies of American Internet listed companies. Through mergers and acquisitions, they quickly grow themselves up.

Social: Personalized avatars, fonts, emoticons, chat rooms, adding friends offline, etc., have become indispensable software for social networking.

In fact, ICQ is equivalent to the level after three years.

To be honest, Europeans and Americans are more suitable to be housekeepers and retainers, but they know how to 'serve a master for life', provided that the salary is high enough.Undoubtedly, George's annual salary is as high as 500 million US dollars, plus various subsidies and benefits, based on his financial ability and level, the salary level on Wall Street is only 100-200 million.

The reason why ICQ has raised so much money (US$10 billion) and can still maintain 75% of the equity is that Netflix Software has been using its own cash to develop ICQ in the early stage. This is very different from some start-up Internet companies. The early Internet giants such as Microsoft and America Online are similar.

Lin Zuhui said seriously: "Now the Internet valuation in the United States has produced a big bubble, just like the Japanese real estate and stock market in the 90s; therefore, the 10 billion US dollars in the company's account may be our operating expenses in the next two or three years. As for you The stock acquisition mentioned, in fact, there is no field worthy of our shot, it is better to develop ICQ users as the target. For example, our ICQ game, we must aspire to become the largest United game hall in the United States, and use ICQ games to reverse attract ICQ, This will also introduce more middle-aged people to register for ICQ and diversify the age of ICE users."

In the office, there are only Lin Zuhui and Lu Bingwen. Although Jingwei Capital has many high-level American executives, they are not the core. They are only responsible for investment and other affairs, and do not have core information and power.

But what Lin Zuhui needs is loyalty, followed by ability.And this loyalty is high welfare and long-term relationship.

Hengjin Investment actually has a scale of 4000 billion, because it also injected 90 billion U.S. dollars into Barings Bank to set up two special investment funds, plus the investment of Nike and Starbucks, here is almost 800 billion Hong Kong dollars; plus nine months It is estimated that the 3200 billion cashed out is exactly about 4000 billion Hong Kong dollars.

The shares held by Jingwei Capital in these four companies are worth about US$80 billion (roughly estimated).

At this time, ICQ already has a lot of functions, and Lin Zuhui will hardly contribute any more opinions; of course, in two years, we may be able to set up a Twitter (blog) subsidiary.

In fact, Lin Zuhui also discovered one thing. After his management team followed him, almost none of them quit. He was wondering whether his charm could attract men as well as women?

Holding 2% of Dell Computer, the current market value is 1200 billion, and it is expected to be 1500 billion US dollars before the bubble crisis, and 25 billion US dollars can be cashed out.

Lin Zuhui nodded, then motioned for the two to sit down, and he took out the documents to review quickly.

We have cooperated for ten years and have built a lot of trust.

George and Wu Guoming waited quietly on the sofa. In fact, they were still shocked and admired in their hearts. Even though they knew the specific situation of Hengjin's investment all the time, they still held that mentality today, because the boss's investment is so superb. , if Buffett is a stock god, then the boss is Zeus.

Equivalently, Jingwei Capital will cash out more than 120 billion US dollars before the bubble, which is close to 1000 billion Hong Kong dollars.

The key factor here is the boss's strategizing and sense of the general trend.

It is not known that there are many people and media who say that Lin Zuhui has great charisma, so he believes it.

Lin Zuhui said calmly: "The funds raised by ICQ's listing cannot be used for acquisitions, but can only be used for company operations and technology development."

The reason why QQ and Weixin cannot go out of the country is because they are plagiarists, and Europe and the United States have become accustomed to the previous software, so it is naturally difficult to accept new software.Of course, the differentiated culture also has some influence, and the era also has a great influence.

Lu Bingwen nodded seriously, and said: "No problem, there is plenty of time! Then the reduction of holdings of other listed Internet companies was also completed within 9 months?"

In the previous life, it wasn’t that Europeans and Americans didn’t like to use QQ and prestige, but that they didn’t have the habits of these Westerners at the beginning; Xiao Ma’s level was absolutely top-notch in the world, otherwise he wouldn’t be the only one in China, and even Max later They all said they wanted to copy prestige.

George and Wu Guoming nodded seriously. They knew the boss was worried. After all, even if it was legal to make so much money from the United States, it was inevitable that people would be jealous.Plus, bosses need to hide their wealth, so pay extra attention.

Coupled with the capital that is not cashed out, the market value at the end of the year will be more than 1800 billion Hong Kong dollars.

Thinking of this, Lin Zuhui's heart was already burning.

The capital of the family office is also more than 2000 billion Hong Kong dollars. With only three personal investment companies, Lin Zuhui's net worth is already 8000 billion Hong Kong dollars.

In fact, the women of the Lin family also have a total wealth of nearly 1000 billion; Hengjin Real Estate in the hands of Wang Lingyin has a property asset value of 700 billion Hong Kong dollars.

In other words, the media underestimated Lin Zuhui's wealth of nearly one trillion Hong Kong dollars.

Simply, it's heaven!
(End of this chapter)