Sprinkle coins every day

Therefore, in Zhang Shuo's mind, the valuation of Germination Group is actually more than [-] billion.

"..."

Tang Yi was greatly shocked, is there any difference?

It's really hard to visualize. In just over a year, Zhang Shuo has grown the sprout from nothing to the current scale by himself without doing any crooked ways.

Calling it a miracle is not an exaggeration at all.

Afterwards, Zhang Shuo told his second uncle about the plan to transfer part of Germination shares to the Chunmiao Fund. Even if he reported to the authorities, it would be equivalent to adding a thick layer of buffs.

"You did the right thing, and I support it."

Tang Yi was very pleased, "Take it from the people and return it to the society. This is a real hero!"

This kind of broad-mindedness, not to mention young people in their twenties, even those in their 70s and [-]s, may not be able to have it. How can it not be admirable?

Or rather.

In a sense, it is precisely because Zhang Shuo is young and vigorous, and has not been eroded and bound by the wealth of the sky, so he does not pay too much attention to personal wealth, but pays more attention to success itself.

It's not like some old treacherous and cunning people, who would rather bear the infamy of traitors, but also cling to wealth.

The miser is hammered!

.........

in the afternoon.

Zhang Shuo called Lu Kai to the office, and said with a smile: "Didn't you propose to set up an independent investment company to operate the group's investment business? I agree. The new company should be called Sprout Investment."

The accident in the morning made Zhang Shuo realize that some things must be accelerated.

speak up.

The name of the Germination Group was Germination Capital from the very beginning. After going around and around, it returned to the "origin".

Of course, the establishment of an independent investment company does not mean that Germinal Investment will be operated independently, but in essence, it will be handed over to the Group's Investment and M&A Department.

It's just that when signing the investment contract, instead of using Germination Group, it uses Germination Investment instead.

Doing so, on the one hand, is convenient for independent financial accounting, and on the other hand, it is also beneficial for the Germination Group to transfer profits to Germination Investment, and then use it for investment business.

Moreover, it is also beneficial to make a certain cut to Germinal Group and Germinal Investment.

It is equivalent to a double insurance.

"Transfer the Particle Fund and the shares of Wujiang Technology, Walli Intelligent Manufacturing, Linde New Energy and other companies held by the Germination Group to the Germination Investment name to straighten out the relationship between them." Zhang Shuo ordered.

"Ok."

Lu Kai was looking forward to it, and asked with a smile: "Do you want to show your strength again in the investment business?"

The so-called new officials took office three fires.

As the new rotating president of the Germination Group, although it is inevitable to run between Xiangjiang and Binhai, Lu Kai enjoys it and looks forward to making some achievements in his tenure.

Investment is undoubtedly a good starting point.

"Don't overthink it!"

Zhang Shuo cut off Lu Kai's extravagant hope on the spot.

"For a long time to come, the group will still maintain a prudent attitude in investment business. Even if it wants to invest, it will serve the group's business department, not blind investment."

The Tengda of the original space-time is a lesson from the past.

After establishing the "traffic + capital" style of play, Tenda, under the banner of "handing over half-life to competitors", makes use of sufficient cash flow in its hands, and then drives the flow to make waves in the investment market.

In the year with the most frequent investment, hundreds of companies were invested in one year.

Because it only acts as a "strategic investor of pure financial investment", Tengda even reversed its image in the entrepreneurial circle for a while, from a lazy Tengda to a popular Tengda.

It is sought after by countless entrepreneurs.

Once a start-up company is favored by Tenda, it seems that it needs traffic and capital.

Can you not welcome me?

With the support of Tenda, a group of unicorn companies such as Jingdong, Meituan, and Pinxixi have ushered in a boom, which has also allowed Tenda to make a lot of money in investment business.

It has greatly promoted the growth of Tenda's operating income.

The group photo of Tenda’s dinner party during the World Internet Conference, which became popular all over the Internet, also became the best footnote to the success of Tenda’s “traffic + capital” strategy.

Created a Tengda with friends all over the world.

But the highlight moments that belonged exclusively to Tenda lasted less than five years in total. With the rise of short videos, the traffic moat built by Tenda with icq and Weixin as the hubs has been challenged.

Following the official policy adjustment, Tenda's game business also suffered a heavy blow.

The two core businesses suffered setbacks one after another, shattering Tenda's seemingly unbreakable golden armor at once, and the stock price fell all the way, and even suffered a cut in half.

At that time, Tengda was nicknamed "Tengda without dreams".

Everything seems to be back to the original point.

Under heavy pressure, in order to adjust deployment, cut expenses, and cut off marginal projects, even Tengda had to initiate large-scale layoffs, which even caused heated discussions on the Internet.

In view of this.

Of course, it is impossible for Zhang Shuo to rush forward in the investment business and forget the essence of investment.

The essence of venture capital and investment banks investing is to make money.

There is nothing to say about this.

However, the investment department under the Germinal Group is essentially serving the business department. It is also important to make money, but it is only a secondary purpose.

Tengda just didn't figure this out, so he stumbled.

What's more, compared to Tengda's wealth and wealth and focus on the Internet industry, Germination is not as good as Tengda in terms of funds, and its business ambitions are greater than Tengda's.

How can it be possible to continue to increase the investment business?

Prudent investment is the right way.

"All right!"

Although Lu Kai was frustrated, he was not discouraged, "Then, the application for a financial license that I proposed earlier?"

"It can also be advanced."

The recent change in Zhang Shuo's business thinking is also reflected in his attitude towards finance. He is no longer afraid of snakes and scorpions and avoids it, but has begun to try to understand it.

After all, finance is just a leverage tool, good or bad depends on how it is used.

Germination cannot be eaten because of choking.

Lu Kai's suggestion is to start with Weixin's upcoming "change" function in 2012, and establish a separate financial service company - Sprout Finance.

Apply for another financial license to enter the Internet financial industry.

It is no different from the original Time and Space Tengda's style of play.

In this regard, Zhang Shuo must of course give certain restrictions, and he cannot go back to Tengda's old path, and put up two fingers, "The premise is that I have two rigid requirements for this company."

"You say."

Lu Kai paid much attention to it and took out his notepad.

"First, what we want to apply for is not an ordinary financial service company, but a financial holding company. We will incorporate all the financial-related businesses under the Germination Group into this financial holding company, without leaving any dead ends, and consciously accept all-round Supervision, improving risk isolation measures, and regulating related party transactions.”

Compliance and legality are Zhang Shuo's bottom line, especially in the sensitive financial industry.

"Second, don't engage in high leverage, don't engage in abs cycle matryoshka, and do as much as you have registered capital and capital. You can't be wild, and you can't step on the red line."

"In this case, the dishes that can be handled are very limited." Lu Kai was not reconciled.

If the registered capital of Germination Financial Holdings is 30 billion, according to the relevant regulations, then it can lend at a leverage ratio of ten times the registered capital.

In other words, it will be able to undertake up to 300 billion online micro-loans.

If a joint loan is made with a bank, according to regulations, the proportion of joint loan contribution shall not be less than 30%, then Sprout Financial Holdings can undertake a maximum of 1000 billion online micro-loans.

It doesn't look like much, but it's definitely almost meaningless.

"I didn't want to make the plate too big, mainly because the risk is controllable."

Zhang Shuo speaks earnestly.

"I agreed to establish Germination Financial Holdings mainly for the convenience of the group's financing in the future. I didn't think about relying on this kind of online loan to make too much profit. Some profits, don't worry about it."

As the budding group grows in size and earns more and more money, its thirst for funds will also increase, and the corresponding difficulty and cost of financing will gradually increase.

It is unrealistic to get a large loan from a bank.

Overseas financing is indeed a good channel, but it is not a panacea.

Corporate bonds cannot be issued frequently.

In contrast, it may be a good choice to use Weixin to pay and change, and to accumulate a small amount from Weixin users at a relatively low loan interest rate to obtain loans.

Belonging is a win-win.

In the eyes of the outside world, there may still be many uncertainties in the future development of the Germination Group, but in Zhang Shuo's case, as the two major businesses of games and social networking gradually take shape, the certainty of the Germination Group's future has actually been going up. , It is difficult to lose money.

Since this is the case, it is a low-risk event for Germination Financial Holdings to lend money to Germination Group.

Naturally, it is a win-win situation!

"Fine!"

After all, Zhang Shuo insisted on one thing in the group, and Lu Kai could only choose to compromise.

What's more, whether it is Germination Investment or Germination Financial Holdings, they are still only on paper. The first thing to do is to establish these two companies.

I will talk about other things later.

"You will be solely responsible for the preparations for the establishment of the two companies. The follow-up operations of these two companies, together with Sunshine Holdings, will still be in charge of you, and the person in charge will report directly to you."

Just after hitting Lu Kai, Zhang Shuo quickly gave him a handful of red dates.

"Thank you, President Zhang!"

As expected, Lu Kai felt comfortable immediately.

Before, he was only in charge of the overseas business department, so his authority was inevitably thinner. Now he is also in charge of Germination Investment and Germination Financial Holdings, which is equivalent to becoming the main person in charge of the group's investment and financial related businesses.

The status immediately went up.

After half a year, even if he stepped down as the rotating president, he would still be able to stand upright in the group.

From Zhang Shuo's point of view, managing such a large conglomerate, it is natural to understand the power in the hands of the subordinates, so as to be suspicious of people and employ them without suspicion.

Among the three current vice presidents of Germination Group——

Jiang Yue is in charge of administration, public welfare and functional departments, Lu Kai is in charge of overseas, investment and financial related departments, Gu Mingzhang's main energy is still on Maili Technology, and the group is only a "part-time job".

With the addition of Wu Sheyuan, director of human resources, and Zhao Mingchuan, director of operations, the two "hum ha two generals", the group's senior management allocation can only be said to be barely enough, but it is far from perfect.

When the time is right, Germination will add a new vice president.

It is best to add a vice president in charge of the Internet business, in charge of the three Internet-related subsidiaries of Jade Bird Interactive Entertainment, Qinghe Technology and Qingyun Data.

As the time goes.

Zhang Shuo has become less and less energetic to directly manage his subsidiaries.

"Mr. Zhang, how do you arrange funds for the two new companies, Sprout Investment and Sprout Financial Holdings?" Lu Kai, on the other hand, wanted to do something, and couldn't wait to open his mouth to ask for money.

It's not that Lu Kai is impatient.

In fact, the 71 billion funds that the Germinal Group sold 120 assistants and Motu Xiuxiu, although they have not yet arrived, have been targeted by many people both openly and secretly.

Everyone wants to get a piece of it.

If you don't make a move sooner, you really have to wait until the two new companies are ready to be established, and the day lily may be cold.

"Sprout Investment is supported by the Particle Fund, and we only plan to allocate one billion funds for the time being. Sprout Financial Holdings will do it according to the budget of 30 billion, and the loan scale of 1000 billion is enough." Zhang Shuo is not stingy.

If you have sufficient funds in your hands and are clear in doing things, you will naturally be full of confidence.

"Thank you, President Zhang!"

Of course Lu Kai was even happier.

The combination of the two new companies is equivalent to taking away one-third of the 120 billion funds in one go. Naturally, I dare not expect more.