My 1999

In order to improve the shortcomings of Mahler Villa, Xu Liang bought two old buildings around it, demolished them all and rebuilt them.

The area of ​​Mahler Villa was expanded to 11,000 square meters, 1,100 square meters of water and 2,300 square meters of gardens were added, the main building area was increased by 3,300 square meters, and 300 parking spaces were added, two hundred underground and one hundred above ground.

It’s almost like a super five-star hotel restaurant plus banquet hall.

Because it is a British-style building, it would be inappropriate to call it Sixi Building.

Therefore, although this is a branch of Sixi Building, it is known to the outside world as ‘Mahler Restaurant’.

"Mr. Xu, we have made an appointment with Mr. Zhang.

He will come to visit you at Lilac Villa at 10 o'clock tomorrow morning. "Lu Huidao.

"Let the following prepare, don't neglect."

"OK."

"Mr. Xu, Tang Wanxin also hopes to visit you."

"How does he know I'm in Shanghai?"

As soon as he finished speaking, Xu Liang understood.

In this era when there are very few private planes, his Kunpeng is like a big torch. As soon as it stops at the Shanghai Airport, everyone will know that he is coming.

"Well, private jets aren't all good."

Shaked his head.

"Did he say anything specific?"

"No."

"Let's arrange his meeting for the afternoon of the day after tomorrow."

"OK."

After Lu Hui left, Xu Liang picked up the documents on the table.

This is the 2004 mid-year report of Modu No. 3 Fund.

Since Xu resigned at the beginning of the new year, Zhang Ying took over.

From the projects, we can see clearly different investment styles.

Xu Xin prefers the catering industry and the Internet. He likes to discover those companies that are at the bottom of the stage and invest in them from angel rounds to A rounds.

But Zhang Ying is obviously different.

She only invests in the angel round and A round of the Magic City Incubator. Outside projects basically start with B round.

And her investment options are broader.

There are investments in catering, the Internet, and real estate.

The total quota of US$500 million is still sufficient when taking over the original assets of Fund No. 3.

After reading the report, Xu Liang was generally satisfied with the performance of Fund No. 3 in the first half of the year.

Longfor Real Estate and NVC Lighting, which Zhang Ying led the investment, are both developing well.

The former invested US$20 million and obtained 10% of the shares.

The latter invested US$18 million and obtained 40% of the shares.

The name Longfor Real Estate is no stranger to him. The farce of NVC Lighting was often mentioned in circles in his previous life, but that was many years later.

NVC Lighting is now a high-spirited lighting leader in China, with a market value exceeding 25 billion Chinese dollars at its peak.

However, you need to inquire about the appendices at the back of the report.

Picked up the phone and dialed.

"Mr. Xu."

"Zhang Ying, I read the mid-term report of your No. 3 fund, and it's generally very good. However, I saw at the back that you said you wanted to sell the 'Real Kung Fu' fast food?"

"Yes, Mr. Xu."

"Tell me your reasons?"

“There are two main reasons.

First, at the beginning of this year, Cai Dabiao, general manager of Double Seeds, spent 4 million yuan to find marketing guru Ye Maozhong and asked him to plan the brand image for Double Seeds.

The latter quoted Mr. Li Xiaolong’s image as its trademark and was renamed ‘True Kung Fu’ by Two Seeds.

In this process, Zhen Kung Fu did not obtain authorization from Li Xiaolong’s descendants.

This exposes the short-sightedness of corporate leaders and also creates hidden dangers for corporate development.

Second, and the main reason why I want to give up real kung fu: it is very familial and the rights and responsibilities are not clear. "

In 1994, Cai Dabiao and his wife Pan Minfeng were having trouble running a hardware store, so they turned to join his brother-in-law Pan Yuhai who ran a small restaurant.

They spent 40,000 yuan from their savings to join the "168 Dessert House" opened by their brother-in-law at the time, and the name was subsequently changed to "168 Steamed Food Shop".

The business became more and more prosperous, and Cai Dabiao came up with the idea of ​​opening a Chinese restaurant chain using McDonald's "central kitchen + standard dishes" model.

In 1997, the "computer programmable steam cabinet" was successfully developed.

The advancement of technology provided assistance for the realization of his idea. Taking this as an opportunity, in the same year, all "168" fast food restaurants were renamed "Two Seeds" fast food restaurants.

The meaning of "double seeds" is obvious. Chef Pan Yuhai and "smart star" Cai Dabiao, the business is naturally booming.

At that time, the two families were as close as one family. They agreed that Pan Yuhai would serve as the chairman and president of Double Seed Company, with Pan Yuhai holding 50% of the shares, and Cai Dabiao and his wife Pan Minfeng holding the other 50%.

In 2003, Cai Dabiao and Pan Yuhai had a dispute because they had different ideas about the company's operation and management. Finally, through the mediation of Pan Minfeng and Xu Xin, they verbally agreed that the position of chairman would be changed every five years and they would take turns. .

"Mr. Xu, you are a business genius. I believe you must be very clear about how harmful this practice of dividing pork and mixing mud is to the future of the company.

I am now certain that it will not be long before the power struggle between Cai Dabiao and Pan Yuhai will break out.

And the better the development of real kung fu, the sooner this day will come. "

Xu Liang nodded slightly, of course he knew the future outcome of real kung fu.

In the long run, this target can make money, but its growth is limited.

"I agree with you in principle, but 'Real Kung Fu' is not currently on the market. If you want to change hands, you can only give it to other private investors."

"Mr. Xu, after Xu Xin left Hanhua, he has established the venture capital institution 'Today Capital'. We can sell 15% of the shares of 'True Kung Fu' to her.

I'm sure she will be very interested. "

After Xu Liang thought for a moment, he said, "Okay, I agree. But don't sell it this year. Wait until 2006."

"2006? Mr. Xu, is it too late?"

"Haha, don't be anxious. All conflicts need a breaking point.

The chairman rotates every five years. The number of years of this rotation is the final point of conflict, because no one will be willing to give up after taking control of power.

Therefore, before 2008, the development of real kung fu will be relatively stable.

However, conflicts are gradual, and there is a high probability that they will become increasingly intense in 2007.

Other venture capital institutions are not fools, and they can also see the internal contradictions of real Kung Fu.

Therefore, we cannot wait until 2007 when the situation starts to get out of control to change hands.

Taken together, 2006 is the most suitable opportunity to not only enjoy the dividends of real kung fu development but also get off the train in time. "

Zhang Ying pondered for a moment, and she also felt that Xu Liang's words made sense.

"Mr. Xu, what if the Zhen Kung Fu brand problem breaks out, or their conflicts break out early?"

"We are in venture capital, which is high-risk and high-return. Since we chose to sell in 2006, we have to bear the intermediate risks."

"Ok, I see."

After chatting for a few words, Xu Liang hung up the phone.

After getting up and stretching, he looked at the somewhat empty study room.

"Although it's less, it's time to fill it up."

There are three buildings in Lilac Garden.

Building No. 1 has a usable area of ​​nearly 300 square meters, with three bedrooms on the lower floor, plus a dining room, living room, kitchen, storage room and servant's room; there are three main rooms on the second floor, with a large protruding balcony in the middle, and bedrooms inside and next to it. The small study room, reception room, etc. are where he lives.

Building No. 3 is the library "Wangyun Thatched Cottage".

After the house was passed to Li Jingmai, he placed many Chinese and foreign items given by the royal family in the Qing Dynasty here.

There are both ancestral portraits and Western paintings on the walls.

The most impressive thing is that the carpet upon entering is a huge white tiger skin.

After Li Jingmai's death, his son Li Guochao donated the entire collection of more than 10,000 books to the Aurora University Library before going abroad, including military books, local chronicles, chronology, manuscripts of "Yuanrou Complete Books", etc., and "The Complete Works of Li Wenzhonggong".

Aurora University attaches great importance to it and has set up a special room, specially customized many tall bookcases with carvings, and set up a special room for display, which is called "Li's Library".

After Xu Liang took over, nothing was left in Building 3. The roof even leaked due to lack of maintenance.

After extensive renovation, it became his study, reception room and painting studio.

Building No. 2 was newly built after liberation. It is a small red and white English-style garden villa, hidden among lush flowers and trees. It is quiet and elegant, exuding an aura of worldliness.

After Xu Liang took over, he turned this place into a guest room. The bodyguards around him, as well as the bodyguards, servants, and gardeners responsible for the security of the manor all lived here.

The closed iron doors slowly opened to both sides, and the black Mercedes-Benz sedan drove in along the smooth garden road.

A huge camphor tree came towards me.

After going around, a huge manor appeared in front of them.

"I didn't expect there to be a place like this in the Magic City?"

The secretary's exclamation also represented Zhang Rujing's thoughts at the moment.

But considering Xu Liang's identity, this quiet and luxurious manor seemed ordinary.

The car stopped.

Xu Liang, who was waiting in front of Building 3, greeted him with a smile.

"Mr. Zhang, warm welcome."

"Mr. Xu, you're welcome. It's an honor for me to receive your invitation and pay my respects to the famous Lilac Villa."

"please."

"please."

The two came to the reception room in Building 3, and the guests and hosts took their seats.

The servant served tea and left.

"I admire Mr. Zhang's patriotism in founding SMIC. Without your pioneering work, China's chip industry would not be as big as it is now."

"Mr. Xu, thank you for the award. SMIC's success is not only due to me, but also to all SMIC employees. The most important thing is the support from above."

Xu Liang smiled slightly, "I also want to contribute to the development of China's chip industry, but I have no experience in making chips. After much thought, I still plan to cooperate with Mr. Zhang."

He waved his hand.

Lu Hui took out a piece of information and placed it in front of Zhang Rujing.

"This is information about international chip giant Hynix's patents and processes on 90-nanometer CPU chips."

Zhang Rujing was shocked and started to read quickly.

Seeing him like this, Xu Liang, who had already expected it, didn't bother him, picked up the teacup and poured himself a drink.

After a long time, Zhang Rujing put down the information, feeling a little complicated.

China's chip industry has developed very slowly. From 2000 to now, they have only just mastered the entire 130-nanometer process and have just started mass production.

90nm is currently a mature technology in mainstream chip factories around the world, and top chip factories, such as TSMC and Intel, are almost mature in their next-generation 65nm process technology.