King of Capital

180 billion in three days, oversubscription doubled.

Not only was Chen Zhengguang so shocked that he almost performed the splits on the spot, but when Xiyou announced the closure of the subscription channel, the entire industry was in an uproar.

Zhang Lei, the skier, threw away his snowboard, took off his sunglasses, and widened his eyes to express his anger. For a moment, it was a little hard to tell who was the strongest PE in China. Did you, a VC, get screwed? !

The conservative man Zhu Xiaohu danced and confessed his love in the WeChat circle of friends, you know, Xie Shaoshuai and I have known each other for a long time. This guy is incredibly strong. We have fought side by side and invested in many star projects!
Shen Nanpeng, the man who set up the scheme, quietly opened his Zhihu favorites, found the article that claimed that his throne as the king of venture capital was unstable, and clicked on the reasons for reporting: unfriendly, inconvenient, and cyber violence.

The comet rose from the ground, and people marveled at the magnificent tail flame across the sky, while at the same time being able to follow the path of the tail flame.

But for Xie Jingxing personally, he unexpectedly did not feel excited at all.

After seeing Chen Zhengguang off, he returned to the office to receive the flowers given to him by Zou Jingyi on behalf of all his colleagues, and then set off for London.

【Congratulations, it’s getting better and better! 】

The cabin was quiet, the warm yellow reading light was peaceful, and Xie Jingxing checked the last congratulatory message.

Xiong Xiaoge from IDG is not very familiar with this true godfather of the domestic venture capital industry. The two are in two different investment stages. They have only had a few contacts at various industry summits and are just acquaintances. They haven't even added each other as WeChat friends.

【Thank you, everyone is hello, it’s a great opportunity to work together. 】

Xie Jingxing formulaically edited the text message reply, put down his hot phone, and concentrated on dealing with the tedious work emails.

There are a large number of individual investors among the 180 billion yuan. For example, a little-known coal mine owner in Hohhot actually subscribed million yuan. No one knows where so much money came from.

So it is Xiyou's turn to make the reverse choice: how to allocate the 90 billion shares and whether to over-allocate to expand the scale of fundraising.

"Give me a glass of ice water."

Xie Jingxing looked at several investor identity information, his attention was scattered and his efficiency was low.

He went to the bathroom to wash his face with cold water, and returned to the cabin, where a bright message of congratulations appeared on the screen of his mobile phone. He picked up the phone, thought about it, and put it down again. He tilted his head to look out the window at the deep night sky with twinkling stars as the backdrop.

[Don’t be surprised. Every generation has its own opportunities. Our business is always new and evergreen.]

After sending out the Weibo post, Xie Jing Xing found the reason for his unexpected calmness and couldn't help but smile with relief.

90 billion and 180 billion are just fulfilling the gift of fate and the times. It is something we should do and continue to do. There is no need to be surprised.

"Boss Xie, would you like some midnight snack?"

Focusing on improving efficiency, a few hours passed before I knew it. The flight attendant appeared and whispered, "My mother made scallion pancakes, and the restaurant packed beef brisket with tomatoes."

"It's too troublesome, you should go and have a rest." Xie Jingxing picked up the cup and drank water.

The flight attendant half-knelt beside the seat and smiled considerately: "It's already heated up. I'll bring it over. You can have a bite. There are still a few hours left."

"Then pour me another glass of wine and you can join in."

Xie Jingxing stretched himself, and the flight attendant responded softly, then tiptoed to the kitchen.

A few years ago, he treated his private jet as a luxury vehicle, but now it is purely a means of transportation. He asked Chen Xi to change the ticket, but only remembered that he was flying abroad this time when he arrived at the airport.

But this flight attendant took her job seriously. One time, she brought scallion pancakes made by her mother, and Xie Jingxing asked for one and said it tasted good. After that, she often prepared them for every flight.

Several young girls on the crew followed suit and came up with some new ideas from time to time. The keywords were uniform, high-end, customized, and able to fly worldwide, which were very professional.

"Does your mother make pickles, too?"

Xie Jingxing tried a pickled cucumber in a transparent glass bottle. It was sour, sweet, crispy, tender and refreshing. It was paired with a scallion pancake and a spoonful of beef brisket. It was delicious.

The flight attendant sat opposite her, holding the bowl and chopsticks but not eating, and responded dignifiedly: "Miaomiao brought the pickles because she didn't know how long she would be out and she was afraid of getting tired of the local food."

"When I arrived in London, I found out that I had eaten all the money, but I can't compensate for it." Xie Jingxing complained to himself.

The flight attendant smiled and gave a cooperative suggestion, suggesting that she should just double the compensation by giving her two bottles of Lao Gan Ma.

Compared with the common hosting companies on the market that dispatch crew teams to operate on their behalf, they sign a work contract with [Yunhe Cargo Airlines], and the relationship between their own employees is more solid and the sense of boundaries is looser.

Otherwise, there wouldn't be so many colleagues on that extra-long flight during the Spring Festival. A business jet like Gulfstream is standardly equipped with two flight attendants.

Xie Jingxing nodded repeatedly to assure that there was no problem. Last year, Yunhe Logistics established a cargo airline company and spent 4.8 million yuan to purchase three retired Boeing 737 series civil airliners at one time, converted them into cargo planes and formed a fleet for use in its cold chain transportation business.

Since then, the company has completely completed the self-operated business of logistics real estate + third-party professional logistics and transportation.

When Yunshan first invested in HNA, Mr. Xie felt that there was a trap. The reason he was able to escape unscathed was that he used the cold chain transportation business as a target and then exchanged it for shares in China Southern Airlines.

How to play this hand in the future still requires careful consideration, but it is certain that we will not take the route of rapid expansion, and we will invest heavily in assets to resist risks within our capabilities.

I heard that SF Express is going to build its own airport...

Xie Jingxing finished eating two pancakes while his thoughts wandered, and watched the flight attendant busy cleaning the table, and he felt a sense of "a large family and a big business".

Yunhe Cargo conveniently set up a department, gathered the Gulfstream and Yunshan's Airbus A330 to form a business framework for business jets, and then rented a few business jets from outside for external operations.

Being big and comprehensive, with unlimited expansion at their fingertips, the deaths of HNA and Evergrande are not unjust.

"Fortunately, I realized it in time."

The flight attendant was meticulous in his work. He collected the food and brought a snack. Xie Jingxing threw a handful of nuts into his mouth, patted off the tiny crumbs on his palm, and typed on the keyboard to approve the email.

——Without considering the over-allocation demand, only 90 billion is needed.

Today, his wealth is roughly composed of four parts, with direct holdings of 90% of Jingxing Investment Group, 71% of Taihe Family Office, 9% of Yunshan Group, and 80% of Vision Fund.

This includes a large number of complex cross-holdings and investment operations, such as Taihe Family Office's 7% stake in Jingxing Group, and it is difficult to estimate the total amount of money.

Around 500 to 600 billion US dollars, changing every day, and of course most of the time it is a growth curve.

Calculating the value of assets is no longer meaningful. In the future, more emphasis will be placed on cash flow, and the liquid cash controlled represents the upper limit.

The RMB 400 billion in cash obtained from the sale of A shares was easily transferred to Taihe’s Singapore headquarters without much effort, taking advantage of the fact that “Wanda” and others were in high spirits.

The old mother Guan Ning agreed with this and kept persuading her son, "Your father can't get out even if he wants to. The liquidity of the financial industry makes it convenient for you to move around more..."

Xiyou’s two funds have RMB 90 billion and US$60 billion, plus Qingyou’s self-operated and planned group-based financing.

Since realizing the unlimited expansion in February, Xie Jingxing's work has not been in vain, as he has managed to generate $80 billion in available cash.

Even after deducting the major investments in U.S. stocks, Wanda, Yunhe Logistics, etc. confirmed in the plan, it will not be a problem to maintain cash flow of US$50-70 billion in the long term.

This is somewhat extravagant and wasteful, and there is no need to expand the fund to accept oversubscribed shares. "There is enough money, and the pace of expansion is controlled. Next, we will only focus on raising funds from the US dollar fund and the group's main financing."

The sky outside the porthole was turning pale, Xie Jingxing drank the red wine in the glass with anticipation, and went back to the bedroom to wash up and go to bed.

…………

#Xie Jing Quotes Book#
Due to the time difference, the Gulfstream landed in London in the early morning drizzle. It was during the lunch break in China when the top terms on Weibo's hot search list were strange.

[Don’t be surprised. Every generation has its own opportunities. Our business is evergreen and ever-new. Is this a love letter from my idol to all venture capitalists? I’m touched!]

[Romantic and powerful, and so gentle that it's unlike you. ]

['Our business', like the pattern. 】

In the first two years after returning to China, Xie Jingxing was active in the public eye in all aspects. Last year, he gradually faded out and only appeared in Fortune magazine and project needs. The content of his last Weibo post this year was Chinese New Year greetings.

No matter what he does, it is always his part, and under this Weibo post updated in the early morning, most of the venture capital industry gathered.

Zhenge's senior Fang Aizhi, Yunfeng founder Yu Feng, and many familiar and unfamiliar colleagues responded, most of which were positive comments with few controversial criticisms.

"I'll go first, you guys keep doing the same as usual."

Read the error-free version at 69shuba! 6=9+shu_ba is the first to publish this novel.

Xie Jingxing waved to the flight attendant, took Chen Xi off the plane first, and left the airport in the convoy sent by the security company.

The crew members crowded to the cabin door and cheered and laughed.

They didn't know who was in London. The boss came here from China across time zones, and every time he left, he would take the initiative to find reasons to give extra red envelopes, bonuses and gifts to the entire crew.

Assistant Chen privately revealed that Mr. Xie wanted to share his good mood, but as to why he was in a good mood, it was a secret.

North of London, where Cambridge is located.

It's a small place without an airport, so we had to rely on a one and a half hour drive to transfer. On the way, fine raindrops fluttered and wet the car windows. The wind and rain stopped when we arrived in Cambridge.

It wasn't that Xie Jingxing's luck was so strong that even God had to understand. The geographical climate became unpredictable during daylight saving time, and besides, this place was under the control of God.

"If you want something, you have to set it free. If it comes back to you, it's yours. If it doesn't come back, you never had it."

The student's Liverpool country accent was obscure and difficult to understand. This was an unstructured group discussion in a classical literature class, and he debated with the group by quoting the original text of "The Count of Monte Cristo".

The Chinese female teacher with a cool temperament supported herself on the podium with both hands and listened quietly, trying to give reasonable credits after the class. She turned her head inadvertently, her expression slightly stagnant.

The young man was wearing a thin windbreaker and leaning against the classroom door with his arms open. His leather shoes were stained with mud. He was holding a brown paper bag in one hand and taking out a piece of bread with the other.

Suddenly a gust of wind blew the messy black hair in front of his forehead. His handsome face looked disheveled and tired, and even the bread crumbs at the corners of his mouth could be seen.

"Sorry, students, I think we may have to end get out of class early today." The female teacher said regretfully after she came to her senses.

"..."

"Don't look at me like that, especially you. Yes, you kid from Liverpool. Your teacher and I are giving you a practical lesson!"

The students watched in silence as the unruly young man, who looked like a Yorkshire street urchin, was dragged away by his teacher by the collar, mumbling trash talk as he walked.

But it must be said that Ms. Zhou usually fits the stereotype of a classical literature teacher and has never been so vulgar and indecent.

"Why did you come directly to school?"

Sitting on a green lawn bench in a corner of the campus, Zhou Fenglan frowned slightly, her slender fingertips entwined a strand of hair by her ear.

Xie Jingxing rubbed the bread crumbs at the corner of his mouth: "Because I miss you too much."

"It sounds better when spoken than when sung." Zhou Fenglan was full of doubt.

Xie Jingxing usually went directly to An's house in London, and would either bully Yuan Jin in various ways while she was in class at school, or they would be bullied together when she was at home.

In short, every time I come, I have to have enough fun first before I take care of their emotions, under the pretext of effectively alleviating the awkward atmosphere of meeting in a long-distance relationship.

"Really, I don't know why, I miss you so much."

Xie Jingxing held her hand: "I feel like I've been through a lot in the past few months."

"I miss you as well."

Zhou Fenglan's usual cold voice made her words bland and sounded emotionless and perfunctory, but that was her.

Just as Xie Jingxing did not mention that the twelve-hour flight plus an hour and a half drive was very tiring.

Silently, the brown paper bag with the bakery logo at the campus gate was flattened and fell. Zhou Fenglan licked the bread crumbs with the tip of his tongue, which tasted dry but sweet.

"I've been following the domestic news, and your letter to investors seems to be very important."

Until she was out of breath, she struggled to push Xie Jingxing away and resumed the topic, trying to control her emotions and stay normal.

Perhaps, being bullied enough every time is actually a desire that I am ashamed to admit.

"The group has to adjust its strategy, introduce strategic investors, raise funds to find cash flow, and suppress the pace of development. There are many things to do."

Zhou Fenglan put away his daydreaming thoughts and listened carefully to Xie Jingxing chattering on about everything that had happened in the past few months. He was the only one listening besides Yu Tong.

Tired from the long journey, he continued talking, ignoring the rain on the corners of the bench, and lay down on his wife's arms.

“So the key now is for the US dollar fund to raise funds and find Middle Eastern LPs, the state-owned strategic investors for the group’s financing?”

Zhou Fenglan sorted out the details and asked thoughtfully: "Does Yu Tong have any ideas?"

"Her sister meant to be upright and not cause trouble to others. Your father thinks so too." Xie Jingxing couldn't help but yawn.

He went on a business trip to Beijing in early March. On the surface, it seemed that he was always chatting with Yu Nian whenever he had free time. In fact, it was really like that...

During this period of free time, he discussed the idea of ​​introducing strategic investors. First of all, he did not intend to be an emperor behind closed doors. Secondly, and most importantly, he should not cause trouble to others.

For a private financial giant with a valuation of 5000-8000 billion, this level of strategic investment is unprecedented. If the wives, big or small, provide support, no matter how much the valuation is and how much money they contribute, it is bound to attract gossip.

Moreover, given the current size of Jingxing Group, to a certain extent, it can no longer be influenced by just anyone's words.

The significance of rules is to highlight the value of breaking them. If everything can break the rules, then there is no need for rules to exist.

Everything is in accordance with the rules. (End of this chapter)