Reborn Entrepreneurial Giant.

Chapter 256 Songqiao Asset Management

Qu Li's trip to the United States was over. Lei Jun flew from Europe to Japan, and finally made an appointment to go to Xiangjiang together to meet with the Li family, the controller of Xiangjiang and Huang. Qu Li had been to Xiangjiang many times, but never went to the Li family. Lei Jun was a human being. Hou Dao felt that he should visit this senior.

Li Bancheng's family is famous in Hong Kong. He has been the richest man in China for more than ten years. His business has spread all over the world and his foundation is very deep. However, a businessman like him is not beneficial to the country, and there are many people who can replace him.But entrepreneurs like Ren Zhengfei, Wang Chuanfu, Ma Yun, and Dadongzi are the foundation of a country.

From big to small, in terms of business achievements, Li Bancheng is definitely a business idol. Hutchison Whampoa's port business is the third largest terminal operator in the world; Watsons is the world's top beauty and health care retail; there are also many telecommunications, energy and utility investments.

The Victoria Harbor investment of Li Bancheng's confidante Ms. Zhou is not considered the Li family's property, but Li Bancheng is an important investor, and the venture capital business can be spread around the world, which is partly due to the Li family's credit.Qu Li also considered the Li family's influence in Europe before introducing their investment.

This time when he and Lei Jun arrived in Xiangjiang, Li Bancheng personally greeted him and invited him to attend the family banquet at Li's house. Qu Li did not refuse this time. He had always felt that he was not from the same group as these established rich people.

But after all, he is just a layman. Maybe operators are still asking for Honor and IPhone this year, but after 2010, this situation is likely to be reversed, and mobile phone brands will be asking for operators.

At this time, you must establish a good relationship with the operator in advance and establish a long-term mutual trust mechanism.

In the Li family compound, Qu Li met his two sons. They had a simple meal and chatted about home affairs.Li Bancheng talked about family matters that outsiders didn't know, and Qu Li also talked about his own troubles. He had Chen Danlin and Zhang Yiwen who had grown up with him, and they were still looking for flowers outside and didn't want to get married.

"Honor sells so well around the world. What makes you aware of the crisis?" Li Bancheng still asked about business.

"Normal logical reasoning shows that the United States has never been a complete market economy. According to the information we have received, fruit companies may launch unconventional competition methods and use administrative means to intervene in competition. But Honor happens to be a Chinese brand..." It doesn't matter whether it's true or not, anyone can throw dirty water on it

"Then how do you deal with it?"

"If you want to add guilt, you should try your best to make up for your own accumulated shortcomings first, focusing on defense. However, manpower is sometimes scarce, and the European, Japanese and Korean markets are more important..." Qu Li does not want to give up the US market, and there will definitely be compromises.

"No wonder Solina (Ms. Zhou) always praises you in front of me..." Li Bancheng

"Thank you, if I were really smart I wouldn't build a car." Qu Li laughed at himself

"There is no time when people don't offend. If it really doesn't work, you still have a chance..."

Of course they won't discuss it in depth.

After leaving Li's house after dinner, Superboy Richard (English name: Richard), who had not spoken to him until now, suddenly called him and asked him to have a drink.Qu Li didn't care, he came to a private club and met Richard.

"I'm sorry to bother you." Richard was having bad luck and had a bad year recently. He and China Unicom wanted to privatize PCCW, but they were rejected due to improper operation.A few years ago, he wanted to sell PCCW, but was rejected because Li Bancheng intervened.It can be said that this mobile operator with a heavy burden is in his hands.

As for the story of Richard and PCCW, I won’t go into details here. This matter has a lot to do with the Cyberport he operates and has the background of the Li family, but he himself agrees that it is very powerful.

"Are you in control of Vision Investment?" Richard asked straight to the point when he came to an empty room.

"What's wrong?" Qu Li was puzzled.

"you answer me first."

"When I need it, they help me handle some things, and some of my investments will be in their names." Qu Li did not lie, but it was not comprehensive.

“Then can you influence their investment decisions?”

"Investments related to me can affect, such as Facebook, but I don't know most of the things. They don't need to notify me." Qu Li became more and more strange.

"Hey, forget it~~" Richard

Qu Li didn't ask because he didn't want to cause trouble for himself, but after returning, he still consulted with Sun Jianhe. It turned out that both companies were interested in Pinebridge, the asset management business of AIG. Both parties wanted to win and started bidding. .

Richard Yingke's expansion is backed by the richest man in China. Vision Investment has recently become famous. It has many old employees of Lehman Group who are now very interested in the asset management business.

"Do you want to give way?" Sun Jianhe asked carefully, not knowing Qu Li's thoughts.

"No, it's not Li Bancheng." Qu Li thinks AIG's assets are very attractive, but the most realistic one is Pinebridge, an asset management company that manages approximately US$900 billion in assets. Its assets include private equity investment, portfolio investment, Hedge funds, listed company stocks and fixed income have a more complete talent team and organizational structure than Vision Investment.

"Then I understand, but there is one more question..."

"what is the problem?"

"The acquisition of Pinebridge may cost US$5 million, and the company's own funds are insufficient unless we cash out our investments in crude oil, copper and gold now."

"You're trying to take advantage of me again? I won't accept it if you don't pay for it?" Qu Li suddenly felt something was wrong.

"No way, it's true. Many of our previous investments were made with our own funds. Now we are not acquiring Pinebridge to cash out..." Sun Jianhe quickly shirks his responsibility.

Qu Li thought about it. The investments he led seemed to be long-term investments and would not be cashed out in the short term.As long as the acquisition of Pinebridge maintains the stability of the team and funds, and the market stabilizes, based on the scale of US$1000 billion, it can steadily earn US$[-] million in net profits a year, and the capital can be recovered soon.

"When we need money, we will bring back our funds in Europe." Qu Li is no longer so eager to invest in Infineon. The time is still long. There will be many opportunities in the future. If it doesn't work, he will do it himself.

"Aren't you going to invest in Infineon?" Sun Jianhe was not sure. This matter has been in operation for more than half a year.

"The best investment you can make, buy if the price is right. It's not easy for a big company like this to die. Volkswagen, BMW, and Mercedes-Benz are all German companies..." Even if Qu Li didn't know how Infineon would overcome the difficulties, he could still make some guesses. He first excluded mobile phones. In the baseband chip business, the high-performance ones include Qualcomm, and the low-price ones include MediaTek and Spreadtrum Communications; the rest is the automotive chip business that is easiest to support.

Qu Li was right. General Motors of the United States collapsed, Ford was in trouble, Freescale's automotive electronics revenue dropped rapidly, and Infineon became the industry leader.

The two communicated for a while, but it was a pity that the foundation of Yuanjing was not strong, and it was in vain that they could not eat the delicious food in front of them.Blackstone fund shares are the easiest to obtain, but you need to obtain the consent of Blackstone management.The aircraft leasing business relies on state-owned assets, but the price of second-hand aircraft is still falling, making it difficult to value.

"British Prudential Insurance wants to acquire AIA..." Sun Jianhe

"We have no money. We will join in the fun when they go public in Xiangjiang..." Qu Li really wants a large-scale insurance company, but unfortunately, lack of money is a big problem.

Qu Li couldn't make 300 billion U.S. dollars in a short period of time because of his cheating. The leveraged buyout would have to be 100 billion U.S. dollars, and selling Honor wouldn't be enough.