Perfection of Rebirth

Chapter 444 The Eye-catching Guanghui Group

In a blink of an eye, 2005 has come to an end.

The imperial capital also woke up to the first snow of winter.

Snowflakes fluttered, and the entire imperial capital turned into a vast white world.On both sides of the campus road of Imperial University of Technology, the cars are like big snow-white breads, and the poplar trees with all their leaves are covered with pure white snowflakes. When the wind blows, the snowflakes fall angrily like peach petals in the spring breeze.

The persimmons in the central garden of the Imperial University of Technology have not yet fallen, and the snowflakes are falling on the yellow persimmons, which is really beautiful.

Jiang Hui and He Ling strolled through the campus.

"My parents seem to know about the two of us."

"It's normal to know. Your dad is the dean of our college. It's strange not to know anything."

"Well, when I was having dinner last night, my parents talked to me for a long time. Although it was obvious that my mother was not very happy, she didn't object."

"Let me find a time to visit your house a few years ago and have a chat with your parents."

"Let's see, let me observe their reaction first."

"The courtyard house I bought before is almost finished, I'll take you to have a look later."

"Okay, but it's a bit far from the school."

"There are also some courtyard houses near the Wanshou Temple near the school. I asked Zeng Qingying to keep an eye on them, and I will buy them if they are sold."

……

At the same time, He Ling's home.

"Old He, you said that our family Lingling is also true. She clearly knows that Jiang Hui has a girlfriend, but she is not clear about being with him."

"We don't care so much about young people's affairs. How old are they now? Who knows what will happen in the future."

"You said that Jiang Hui is also, I think he is also a very honest young man, how can he do things like stepping on two boats."

"Look around, is there any young man who is better than Jiang Hui? Look at the so-called outstanding young people around you, how many girls have attracted the attention of them? Let me say that Jiang Hui just stepped on two boats, which is considered good." up".

"Old He, why do I feel that you are not reconciled to the appearance of not stepping on two boats? Or did you also do this without telling me?".

"Where are you talking about?"

"Who knows what's on your mind."

……

At the end of each year, there are inevitably various summaries and reports, and Guanghui Group is no exception.

The first thing Jiang Hui looked at was the summary report of the Group Finance Department.

"Mr. Jiang, in 2005, the group's operating income exceeded 100 billion, of which the No. 92 Guanghui game reached 15 billion; followed by YY live broadcast, the total turnover of each branch exceeded 11 billion; and then came Meituan.com , revenue reached [-] billion, Tudou [-] million, Xiaonei [-] million...

Although the turnover of each company is quite high, except for Brilliant Games and Brilliant Films, other companies basically have no profit, and some are even losing money."

This may be a major feature of Internet companies, that is, companies are burning money without making a penny, but their valuations are constantly rising.Companies like Brilliant Weibo and Xiaonei.com, although not profitable now, are valued at tens of billions.

This phenomenon is actually easy to explain. Making money and being valuable are two concepts.In fact, they have time differences, so we cannot simply talk about them.

Money, or wealth, has changed with the times, and the concept of wealth has changed.Wealth used to be more about material things, but a lot of wealth today is not material, it may be my service, it may be an exchange.For example, having lunch with Buffett costs $300 million.

Wealth itself is changing. Internet companies create new wealth through new models. For example, a piece of hardware may be worth $100, but a piece of software may be worth $[-] or $[-].The Internet touched Jiang Hui the most, or what made Jiang Hui feel the most passionate, is that it changed some basic things.For example, the traditional economy has two lines. While your income is increasing, your costs are also increasing rapidly. This profit is not sustainable.

After the Internet reaches a certain scale, the cost will be basically flat, and your income will still grow rapidly, so the market value of the enterprise will be higher.

why?In fact, it is because the Internet has broken the limitations of the traditional economy. For example, the cost of electronics may be zero after a certain level, but the cost of this book may be five yuan, which is not a concept at all.

Times have changed, and the business logic of the Internet age is changing: those who make money and those who don’t make money can sit on the same footing.

The traditional economy is a rich man's economy, which mainly depends on how much money a company makes; the Internet economy is a negative man's economy. Even if it has not yet made a profit and continues to lose money, it can still go public and obtain high valuations and huge investments.

In the future, it will become more and more commonplace in the Internet economy to go public at a loss and have a high market value without making a profit.

Because the valuation method in the Internet age has changed, the key to Internet companies is not how much money they make, but how many users they gather.

This is why Xiaonei.com, Meituan.com, Tudou.com and other websites are not yet profitable, but there are still so many venture capitalists who actively raise their valuations every now and then to send money to Jiang Hui.

"In the next year, I estimate that apart from Brilliant Games and Brilliant Films, the profits of other companies in the group will still be limited. I plan to arrange for Xiaonei and Meituan to go public in the US at the end of next year, so I plan to release a batch of them in the next month or two. Venture capital comes in and raises a sum of money to burn it up, so that the data before listing will look better," Jiang Hui said to Tang Wenwen, Fang Dawen and others.

In this report, in addition to the Group's finance department and other departments, the general managers of Tudou, Xiaonei, Meituan, etc. also attended.

"Director Jiang, Xiaonei.com has been in contact with various venture capitalists. As long as you nod, we can raise billions at any time," Tang Wenwen said confidently.

Xiaonei.com in this life was born earlier, and Jiang Hui deliberately avoided the mistakes made by Xiaonei.com in his previous life, so now Xiaonei.com is definitely a favorite among venture capital investors, with a valuation of more than 300 billion yuan.

Although Jiang Hui also knew that the value of the shares of each company in the group would be much higher in the future than it is now, this was not a reason for refusing financing.

Leaving aside the fact that Xiaonei has been refusing to raise funds, whether venture capital will support a similar company to compete with Xiaonei.In other words, after financing, the cake can be made bigger, and even if the shareholding decreases, the income will be more, which is worth considering for financing.In addition, selectively enriching the company's shareholders will be beneficial to the company's listing, so Jiang Hui decided to selectively carry out some financing.

In addition, in order to have more funds to enter the physical industries such as mobile phones and automobiles, Jiang Hui is also preparing to sell some of the shares of not-so-core enterprises when financing and listing.

In particular, the acquisition of Jaguar Land Rover at the end of 07, and the listing of Xiaonei.com and Meituan.com at the end of 06. In 07, when the Shanghai stock market was hottest, part of it was cashed out. If necessary, it will be repurchased after the subprime mortgage crisis. Presumably, the profits will be full. of.

(End of this chapter)