Hong Kong's new giants

Chapter 773 [Wealth and honor]

California villa.

Lin Zuhui and Guan Jiahui had a party in this room.

The eldest son of the two, Lin Wenhua, married a Caucasian wife the year before last, and gave birth to a mixed-race baby last year. Lin Zuhui did not interfere because he was not a child of the royal family either.

And Lin Wenhua is currently an entrepreneurial star born in the 80s in the United States. As the founder and CEO of Uber, he is also very well-known in the United States. Although there is still some gap with Zuckerberg, he still has a good influence.

As for the youngest son, Lin Wenli, he now follows Guan Jiahui and joins the investment company of this house.

Lin Wenhua introduced Uber's development with full confidence at this time: "In China, we absorbed a total of 12 billion US dollars in venture capital last year. We are confident that we will break the record of failure of American Internet companies in China."

Lin Zuhui listened carefully, and he didn't expect that Lin Wenhua would actually accomplish this. Originally, he casually raised an idea, thinking that Lin Wenjie would start a business, and if possible, hire a professional manager.As a result, Lin Wenhua did a good job. Uber is now operating in more than 60 countries, and its valuation has exceeded 160 billion US dollars.

Even in China, Didi Chuxing has not changed its name and is currently not an opponent of Uber.

However, Lin Zuhui couldn't help shaking his head when he heard Lin Wenhua's bold words to break the record of failure of American Internet companies in China.

"Father, don't you think Uber is in China?" Lin Wenhua asked seriously.

Lin Zuhui said calmly: "Sometimes the environment is the most important thing. At that time, Amazon, Google... Which one of these companies did not go to China happily, and the result? It is good to have fighting spirit, but you can't be proud."

Lin Wenhua was criticized by Lin Zuhui and said calmly: "However, Uber's orders in China are far more than Didi Chuxing!"

Lin Zuhui said: "You just seized the opportunity, just like Lyft, the American competitor. To be one step ahead is to get investors, ideas, user popularity, etc. Of course, I am not trying to discourage you, but let you know , learn to retreat bravely.”

"Retire bravely?"

"That's right. Once China's business is overtaken by Didi Chuxing, then don't miss it. It is the best solution to inject business into Didi Chuxing. The same is true in Southeast Asia and Russia. Uber should focus on doing business in Europe. , America, and Australia. And Asia has not given up, after all, you have exchanged for rich assets, which is very favorable for valuation and market value.”

Is there any reason for Lin Wenhua not to listen to Lin Zuhui, and what Lin Zuhui said was that when local companies surpassed Uber, they retreated in a hurry, and did not say that they gave up at the beginning.

"I understand what father means!"

Lin Zuhui nodded, a child can be taught, and what he talked about was all experience. In the previous life, Uber exchanged its business for a 16% stake in Didi Chuxing. In this life, it will definitely be exchanged for more equity, including Southeast Asia.

"You guys are doing a good job of suppressing Lyft, but you should pay attention to your own internal problems?"

For competitor Lyft, Uber has adopted the problem of making it difficult to finance. As the market leader, Uber itself needs a lot of money to burn. It lost a total of 100 billion U.S. dollars in its previous life. billion dollars.

Uber needs money so much that it naturally needs a large number of venture capital institutions. However, the management team such as Lin Wenhua has invested in Uber, but cannot invest in Lyft; even some who are interested in investing in Lyft, Uber will call them and win them over.

At the same time, some investment banks that underwrote stocks, such as Goldman Sachs and Morgan Stanley, gave up cooperation with Lyft and chose to cooperate with Uber.

Although this kind of behavior will not kill everything, it can delay Lyft's development process, so the company's current valuation is only one-tenth of Uber's.

"Internal problem?"

"Yes, for example, the scandal of internal management personnel, such as passenger safety problems, once it is magnified by the media, Lyft can take advantage of it. Therefore, while you are developing, you must manage well. For example, strengthen the management of Uber drivers. Of course, we must ensure the rights and interests of customers, abide by the laws and regulations of the United States, and avoid infringing on customers’ portrait rights.”

"Well, we will strengthen these contents."

Lin Wenhua did not refute that Uber did these things. Since his father said so, he felt that Uber should strengthen, do better, and plan ahead.After all, the name of father's vision is well-known all over the world.

Lin Zuhui said unsatisfactorily:

"Since we talked about valuation and market value just now, let me give you another suggestion. Assuming that in the future, we will focus on developing Europe, America and Australia, while other regions will adopt local companies. In this way, the market value of Uber will definitely be higher than that of Lyft, because they Global development cannot be achieved.”

"At the same time, Uber also needs to build an ecological chain and expand its business, such as launching the Uber Eats food delivery service Uber Freight. The huge network, leading technology, excellent operations, product experience, and the construction of Uber's moat, Uber has established A huge network covering drivers, consumers, restaurants, couriers, and bicycles, and this network can be self-reinforcing, which is the so-called "flywheel effect". or above, and an Uber driver can also use his spare time to deliver food.”

Although Lin Zuhui didn't say it, Uber will also take this path. After all, the company has developed to a certain level, and it will naturally think about outward development.

However, if he tells Lin Wenhua now, Uber can plan and think in advance.

Originally, in this life, Uber was born a year earlier than in the previous life, and with sufficient initial funds, the development may be 1 to 2 years earlier than the previous life.

Lin Wenhua listened carefully, for fear of missing his father's teaching.

After a long time, Lin Wenhua sighed: "Father is the godfather of the Internet. He invested in Netscape, Yahoo, Amazon and other innovative companies. His understanding and vision of the Internet are truly unmatched."

Guan Jiahui had an expression of admiration, even her daughter-in-law Lucy, although at first she didn't like this father-in-law's irresponsibility towards the family.

"I only know superficially. Remember, talking on paper is not enough. Internet companies are not only industries without technology content, but higher technology content. Once customers are dissatisfied, the Internet will magnify a lot. Serve customers well."

"I understand, I will do well!"

"Well. Although I thought at first that if you can't do well, you can go home to inherit the family business and share the worries for your mother; but now, I am surprised and satisfied with what you have done."

"Thank you father for your encouragement!"

Lin Zuhui nodded, and then encouraged Lin Wenli.

In fact, Guan Jiahui's line of business is not complicated, mainly holding shares in Apple, Microsoft, Google, and Amazon, each of which is about 0.5% to 0.9%.In addition, it is to invest in properties in Europe and the United States.

To put it bluntly, it is a real estate company.

night.

Guan Jiahui, dressed in office OL clothes, walked into the bedroom, and Lin Zuhui was surfing the Internet.

The woman came to his side, leaned closer and said, "Is it because I'm not attractive?"

Lin Zuhui turned the chair, and then looked at Guan Jiahui. He was almost 52 years old, but he looked 35 years old. It was probably the appearance of filming "Once Upon a Time: The Lion of the Western Regions" in his previous life. She was still very beautiful. After all, at that age, she still won "The World's 50 Most Beautiful Celebrities".To be honest, this woman is 60 years old, and she is also attractive to Lin Zuhui.

The important thing is that after so many years of training, she will gain a lot!
"How come! Look at me, don't you feel it very much!"

Guan Jiahui suddenly smiled, full of the style of a young mature woman, then slowly squatted down, and put Lin Zuhui's hand on her cheek, full of girlish style, still like romance.

"Ah Hui, can I go back to Hong Kong with you?"

"Ugh, it might not be convenient this time!"

Guan Jiahui opened her eyes wide and said, "Are you looking for someone younger?"

"92's!"

"You are so young, it seems that I am really embarrassed to join!"

Lin Zuhui saw that Guan Jiahui was a little lost, and comforted him: "You have more charm than her, she is just a spice, we have been in love for 30 years."

Guan Jiahui was swept away immediately, she stood up and began to twist her body in front of Lin Zuhui.

"Hmph, I'm going to take good care of you tonight and make you miss me on the plane."

May.

In the waters south of Hong Kong Island, the superyacht 'The Sun'.

In the large dining room that can accommodate 24 people, it was temporarily requisitioned as a 'meeting room'. Lin Zuhui sat in the main seat, followed by twelve family directors.Yes, Lin Zuhui also included the three Singaporean daughters and their children into the family office.

"Dozens of citizens launched a protest against the richness of the world's richest man in the second phase of the International Financial Center"

Lin Zuhui read out the headline of a newspaper, and then put it down slowly.

All of a sudden, all the women spoke one after another.

"I don't work hard to make money, but I protest that others are too rich."

"That is, Xiangjiang is one of the freest places in the world to do business. They don't have the skills, but they blame others for making money."

"Brother Hui works so hard in charity, yet they still target him like this, it's too much!"

"Brother Hui is not only doing charitable efforts, but also making great contributions to the development of Hong Kong. Hong Kong culture, comics, games, software, technology and other industries, none of which is brought up by Brother Hui."

All the women fought against Lin Zuhui one after another, feeling angry and chilling.

Lin Zuhui himself, however, seems to be calm and calm. He has been in this position for many years, and his heart is already normal.

He understood Li Chaoren's situation in his previous life very early on, and what an 'international businessman' needs to face!
"That's it! Everyone stands in a different position, and we can't ask everyone to think the same. This time, inviting the twelve of you to hold a family meeting is an average of wealth."

"After many years of relationship with you, I have already trusted you very much; at the same time, I have seen the children's sense of belonging to the family and their feelings for me, which is also the reason for my decision today."

The girls held their breath, knowing that this man was going to spread his money.

Looking at the 12 directors, all wearing office OLs, Lin Zuhui knew that there was still a good show today, but now a family meeting needs to be held.

"Guan Jiahui, Qiu Shuzhen, Li Jiaxin, Li Zi, Lin Zixia, Monica, the four technology stocks held by the six of you have huge potential and there is still a lot of room for growth, so there is no need to worry. Therefore, I will not worry about you Liufang If you want to increase your wealth again, do you have any objections?"

"No!" The six girls said with a smile.

It is a smile from the heart, because Lin Zuhui said that there is still a lot of room for growth, which is enough to make people excited.

At present, the market value of Apple is 5000 billion U.S. dollars, Amazon is 1500 billion U.S. dollars, Microsoft is 3500 billion U.S. dollars, and Google is 4000 billion U.S. dollars. The total market value of the four stocks is 1.4 trillion U.S. dollars. Based on the average shareholding of 0.7% per person, their net worth is already 100 billion U.S. dollars dollars.

Every house plus other wealth has reached the level of 2020 billion Hong Kong dollars, not to mention that it can continue to rise. Lin Zuhui will let them slowly reduce their holdings in March 3 (2 years).

At the same time, they are also foreigners, and their shareholdings are scattered and handled offshore. By then, their net worth will be 500 billion US dollars, which will not be a problem.

However, the equity held by Jingwei Capital in Apple, Google, and Microsoft is still continuing to reduce its holdings until the investment in US stocks is cleared (only Jingwei Capital).

Of course, Lin Zuhui's private investment company 'Hengjin Investment' has retained 2% of the stocks of Apple, Google, Amazon, and Microsoft.

In this way, the Lin family holds almost 6% of the shares of these companies, which is not a loss.

The Americans are not at a loss either, after all these companies were invested and developed by Lin Zuhui.

"Zu Xian, Qingxia, your assets are a bit thin, but TSMC, Hon Hai, and MediaTek have increased several times. After all, Taiwan Semiconductor is a global development trend, and Formosa Plastics is also good."

"Of course, I have prepared another investment plan for the two of you. You follow it and I will pay for it."

"The plan is very simple. You two will each buy 2% of Penguin's shares, and I will pay for it."

Lin Zixia happily thanked her. Although Wang Zuxian was calmer, she was also very happy. After all, this was Lin Zuhui's wish.

Next, Lin Zuhui said to Li Zhi, Zhang Min, and Zhou Huimin: "The three of you also each bought 2% of Penguin stocks, and I will pay for the funds."

The three daughters did not expect to receive a big gift just after joining this official family group. They quickly thanked Lin Zuhui and Wang Lingyin for his generosity.

Wang Lingyin said with a smile: "He can make a lot of money. It's reasonable for the family to share the risk. Our family has huge wealth, so we shouldn't have conflicts over money. Our men also have plans in their hearts, so they are all sisters."

Another burst of thanks, after all, 2% of Penguin shares are worth 200 billion Hong Kong dollars!

Lin Zuhui then said: "Since you bought 10% of Penguin stocks this time, I want to cash out more stocks. Simply put, I cash out and you buy. The detailed plan is that the market value of Penguin is at least 3 A trillion is reasonable, after all, where does the population come from.”

Lin Zuhui arranged step by step!

The tax rate of Xiangjiang stock market is not high, so there is no need for heartache. In fact, Lin Zuhui will not feel heartache even if the high profit tax rate of 10-15% in the United States is followed, after all, there are still several times the increase.

As a result, Jingwei Capital only has 12% of the Penguin stock left, and the Lin Zuhui Foundation still holds 10% (it will be cashed out within 3 years);

Charitable foundations will gradually cash out, but there is no such rush, after all, the 'Lin Zuhui Foundation' itself still has a lot of money to support charitable causes.

Matrix Capital’s 12% equity will gradually cash out 7%, leaving only 5%, and the family office will also hold 5% offshore.

After some operations, Lin Zuhui's family will probably hold 20% (including 10% for the fifth daughter) two years later, but only Jingwei Capital holds 5% in name.

In this way, Jingwei Capital only has Ali's shares left untreated, and Lin Zuhui will still choose to cash out.

Finally, Lin Zuhui said: "Okay, this matter is over, next we need to be HAPPY, cheer me up!"

"Yes, sir!"

Lin Zixia, the oldest, joined them. Although she is 59 years old, her actual age is only in her early 40s. She is considered a lady, and she is probably the same as when she retired in her previous life. She is still attractive.

Lin Zuhui doesn't care about those things, it's good to be familiar, and it's not like he doesn't have young people.

This weekend, Lin Zuhui plans to enjoy the weekend with everyone on the yacht for two days and two nights.

(End of this chapter)