My 1999

Of course Xu Liang is well aware of the time when the 3G business exploded, but before the birth of smartphones, the global mobile phone online business was already abundant.

Businesses similar to Monternet are also available abroad.

Therefore, he gradually entered the game in 2004.

Just like the Internet, if you wait a little later and everyone realizes the opportunity, it will not be so easy to buy the bottom.

Xu Liang talked eloquently, but there was nothing convincing.

But this kind of subjective judgment is inherently unconvincing.

Lao Li pondered for a moment.

"Xu Sheng, are you interested in investing in Q3?"

Q3 is Hutchison Whampoa's typical company in Europe, currently developing 3G services in the UK, Italy, Austria and Denmark.

"If Mr. Li is willing, I would be happy to acquire Hutchison Whampoa's Q3. Of course, it would be even better if we could acquire Hutchison Global."

Xu Liang smiled.

The reason why he asked Hanhua to only make equity investments in the 3G industry instead of exiting directly.

The key is still the lack of talent.

If Hutchison Whampoa is willing to sell, he can directly acquire it as a bridgehead to enter the European 3G business.

Lao Li smiled and said: "Q3 is not cheap."

In April 2000, the British telecommunications authorities auctioned five 3G licenses, and Hutchison Whampoa won one license at a bidding price of 4.4 billion pounds ($6.9 billion).

In July 2000, Hutchison Whampoa reached strategic cooperation with Japan's NTT DoCoMo and Dutch Telecom. Hutchison's subsidiary holding a British 3G license transferred 20% and 15% of its equity to the two companies respectively to jointly operate the British 3G mobile communication network.

In addition, Hutchison Whampoa formed a tripartite alliance with NTT DoCoMo and Dutch Telecom to participate in the German 3G license bidding.

Subsequently, Hutchison Whampoa bypassed Germany and continued to expand its 3G territory in Europe.

Hutchison Whampoa acquires Italian 3G license for US$2 billion.

In November and December, we obtained 3G licenses from Austria and Sweden respectively.

In 2001 and 2002, Danish and Irish licenses were added.

In addition to Europe, Hutchison Whampoa has also obtained 3G licenses from China Xiangjiang, Australia and Israel.

Hutchison Whampoa and its partners paid a total of US$10.7 billion for nine 3G licenses in nine mobile markets around the world, of which Hutchison Whampoa paid US$7.8 billion.

Plus the base station investment in 2003 and 2004.

Hutchison Whampoa's 3G assets amount to tens of billions of dollars.

"As long as Mr. Li is willing, I can eat them all, and it's in cash." Xu Liang said with a smile.

Li Jiacheng's pupils shrank.

He looked at the young man in front of him with deep eyes, trying to see whether he was telling the truth or just coping.

After a moment, Li Jiacheng smiled.

"Q3 is Hutchison Whampoa's future business focus and cannot be sold yet. But if you are interested, we can cooperate."

"How does Mr. Li want to cooperate?"

"I can sell Xu Sheng 20% ​​of the Q3 company's shares."

Xu Liang smiled and shook his head, "If it's 20% of Hutchison Whampoa's shares, I'm very interested, but as for Q3, forget it."

"Why, aren't you confident in the future of 3G?"

"Of course, I don't deny this. But the 3G business at this stage is difficult to balance expenses through revenue. If there is revenue contribution from the 2G business in Q3, I will be happy to invest, but Hutchison Whampoa has already sold it.

A company whose ongoing investment is greater than its expenditure will find it difficult to obtain satisfactory returns in a short period of time. "

Q3 will be a good company in the future, but not now.

The telecommunications companies invested by Hanhua's No. 6 Fund are mainly in the United States, Japan and South Korea.

In order to compete with the strength of the United States in the Internet industry, European telecommunications companies and capital spent too much money on 3G licenses and were heavily in debt.

Before 2008, he would not have entered the European telecommunications market.

Of course, if Li Jiacheng is willing to sell Hutchison Telecom's business, he really wants to take it over.

Although it will cost a little more later, it can also save a lot of energy.

After taking a deep look at him, Li Jiacheng smiled and said: "It seems that we can only cooperate in the future."

"In fact, we have a good opportunity to cooperate now?"

"oh?"

"I heard that Mr. Li is looking for a buyer and wants to sell the 20% stake in Yangcheng Procter \u0026 Gamble held by Hutchison Whampoa?"

Li Jiacheng nodded and said: "3G investment in Europe requires a lot of funds, and we are not allowed to sell some assets."

"I am very interested in this share and would like to acquire it if possible."

"No problem. As long as the price is right, I'm happy to cooperate with Xu Sheng."

A smile appeared on Xu Liang's face.

P\u0026G, especially China P\u0026G, is a gold mine.

Olay, Head \u0026 Shoulders, Sassoon, Clairol, Rejoice, Pantene, Safeguard, Camel, Refresh, Gillette, Crest, Shubao, Pampers, Duracell, Blue Wave, Tide, all are Huaxia. A well-known brand in the market.

Since its establishment, it has been the dominant player in the Huaxia chemical market.

If given the opportunity, of course he would like to win it.

"Sir, dinner is ready."

The Filipino maid came over and said.

Li Jiacheng stood up and said, "Xu Sheng, let's talk while eating?"

"The guest does as the host does."

"please."

"please."

When he came to the restaurant and looked at the table full of Shandong dishes, Xu Liang smiled and said, "Mr. Li is very interested."

"Xu Sheng is a distinguished guest of the Li family. It is our responsibility to entertain you well."

"Please take a seat."

After everyone took their seats, the guests and hosts began to eat and drink under the guidance of Li Jiacheng.

Hanhua's investment is inevitably involved in the process. Xu Liang can say what he can say, but he can't say haha.

At eight o'clock in the evening, we left.

Watch the car disappear into the darkness.

The smile on Li Jiacheng's face gradually calmed down.

He called his two sons to the study.

"You all saw and heard about today's meeting. Let's talk about it."

Li Zekai couldn't wait to say: "Dad, I don't think Xu Liang has the intention to invest in 3G. Why Q3 has a big investment and low revenue is just an excuse. If that's the case, why did he invest tens of billions of dollars in the global telecommunications industry?"

Li Jiacheng could not deny it.

"Zeju, what do you think?"

"I feel like the reasons given are half true and half false?"

"continue."

"I think the real reason why Xu Liang gave up investing was not that Q3 investment was too big and revenue could not be balanced; it was that he was unsure about the future of 3G business and needed 2G business to hedge risks.

The acquisition of Hutchison Whampoa's telecommunications business is about advancing before retreating. "

Li Jiacheng nodded slightly.

Li Zekai glanced at the eldest brother next to him jealously. He could see that his father was obviously more satisfied with his answer.

"Dad, why don't we just sell the telecommunications business to Xu Liang? It's too expensive, and no one knows when the 3G business will be profitable?

We might as well sell it first and invest the funds in the Huaxia real estate industry. When the direction of 3G development in the future is clear and the huge profit period of the Huaxia real estate industry has passed, we can then sell the Chinese domestic real estate and enter the European telecommunications industry. "Li Zekai said.

Li Zeju frowned.

Li Zekai's plan is indeed very feasible.

Compared with the astonishing profits that China Real Estate can easily obtain, Europe's 3G business does have a bright future, but no one knows how long it will take to turn the future into actual profits.

Five years? ten years?

The cucumber vegetables are cold.

"You guys go out first."

Li Jiacheng waved his hand.

The two brothers said 'good night' and turned to leave.

After the room returned to silence, Li Jiacheng stood up slowly and walked around in the office.

Anyone who knows him knows that this is another problem.