My 1999

Qian Santai smiled instantly.

On October 15, Yihaodian was officially listed in Hong Kong.

The total share capital was 1 billion shares, priced at HK$85 per share, 120 million shares were issued, 50 million old shares were cashed out, and 70 million new shares were issued.

On the day of listing, the share price exceeded HK$100.

It has been a week now.

Yihaodian's share price has exceeded HK$150, nearly doubling.

Yihaodian's market value has also reached US$19.47 billion.

It far exceeds the original estimate of US$14 billion.

As the president of Yihaodian, Qian Santai naturally got the biggest return.

He holds 1.2% of Yihaodian's shares and has become a billionaire with a net worth of over US$200 million.

Although this money can only be cashed out after the six-month lock-up period, it is enough for him to enter this year's Forbes China Rich List.

"Without you, without Mr. Xie's support, there would be no No.1 Store today."

Although he was modest, he couldn't hide the smile on his face.

"Okay, have fun if you want, there are no outsiders here." Xu Liang said with a smile.

Qian Santai grinned, he didn't dare to be presumptuous in front of the big boss.

"How are you going to spend the 7 billion Hong Kong dollars raised?"

"4 billion Hong Kong dollars will be used to develop the logistics of No.1 Store, of which 2.5 billion will be placed in China and 1.5 billion will be placed in Southeast Asia. The other 3 billion Hong Kong dollars will be temporarily used as company reserves."

At this stage, online shopping is a new thing for China and Southeast Asian countries.

Although the number of netizens is growing rapidly, the online shopping market is not that big.

4 billion Hong Kong dollars, plus the income of No.1 Store itself, is enough for it to burn for three years.

The remaining 3 billion Hong Kong dollars as reserves is no problem.

In fact, Xu Liang rarely asks about the development of Hongmeng's major subsidiaries now.

The road that should be paved has been paved for them.

As long as we follow this path step by step, we will be able to become a world-class top Internet company with the rapid development of the Chinese market.

Xu Liang nodded and said nothing more.

"Old Xie, how is the negotiation with Youku going?"

"Sun Yan reported that the negotiations were very difficult. Hollywood giants including News Corporation, Warner, and Disney insisted on our copyright infringement.

They demanded that we give them at least 51% of Youku's shares.

And pay the copyright fees for the previously infringing content, and also ask us to pay their litigation expenses."

"This is a sure win for us." Xu Liang laughed.

"Although we will not lose the lawsuit, we did infringe their copyright. Moreover, film and television editing is indeed a major category of Youku videos.

If all of them are removed from the shelves, it will greatly affect Youku's user stickiness and attractiveness." Xie Wen said.

After Xu Liang nodded, he thought for a while.

"Well, you can talk to Sun Yan later. We can give up 51% of Youku's shares, but only Class B shares.

The last two are absolutely impossible.

If you agree, sign the contract. If you don't agree, go to court directly."

Xie Wen frowned slightly, "Mr. Xu, is 51% of the shares too much?"

"Although it is a bit too much, the most important thing now is to keep Youku alive. And Youku's current expenses are already very high. After this negotiation, it will have to pay copyright fees to major film and television giants, and the expenses will be even higher.

It is also a good thing to have more shareholders to share with us."

Xie Wen nodded. He certainly knew that Youku's future development would require a lot of funds.

But his understanding was not as profound as Xu Liang, who had the memory of the previous life.

So he was not willing to give up so much equity.

Since Xu Liang said so, he didn't want to object.

"Mr. Xu, there is something you need to decide."

"What is it?"

"Yesterday we received a call from Kravis, the founder of KKR, who hopes to acquire Netcom."

Xu Liang was stunned.

"These guys have a very good nose."

Although Netcom is an Internet company, it is actually an Internet cafe chain company with a retail core.

However, the products sold are somewhat special. They are not physical objects, but Internet time.

"What do you mean?"

Xu Liang asked.

"Mr. Xu, although the life span of Internet cafes will not be very long, looking at the current speed of smartphone development, it will take at least two to three years to launch them on the market.

But this is just the beginning. Any new thing needs time to grow.

So for at least six or seven years, Internet cafes will still be the mainstream channel for ordinary people to surf the Internet.

It is also the most important promotion channel for major websites and online games.

Therefore, I do not recommend selling it directly.

The most reasonable choice is to gradually reduce the equity of Netcom and finally exit before the mobile era really arrives."

Xu Liang nodded. Xie Wen's analysis is very pertinent and is the most in line with Hongmeng's corporate strategy.

And there is one thing he didn't say, or he doesn't care.

Netcom is distributed throughout East Asia and Southeast Asia. More than 4,000 Internet cafes operated by itself and tens of thousands of Internet cafes under the name are a very important sales channel for Master Kong.

Although it is just some instant noodles, drinks and the like.

But because of the exclusive agreement.

Master Kong is able to enjoy this channel exclusively.

Now the share of revenue from NetEase has exceeded 900 million Chinese yuan every month, and it is still growing with the increase of NetEase's directly-operated and sponsored Internet cafes.

In addition to the pure economic return.

There is also an invisible benefit - brand promotion.

The customers of Internet cafes are white-collar workers who are studying or have just graduated.

These people eat instant noodles, biscuits, canned food from Master Kong every day, and drink various beverages and mineral water under Master Kong.

Once the consumption habits are formed, the impact will last for more than ten years, or even a lifetime.

Therefore, he has the same idea as Xie Wen, and can slowly sell the shares of Netcom, but never sell them all at once.

"Reject KKR."

Xie Wen breathed a sigh of relief and nodded quickly.

He opened the briefcase beside him and took out a stack of information and handed it to Xu Liang.

"The $5 billion loan expired this year. We have repaid it now. These are the information."

Xu Liang took it and flipped through it.

This $5 billion loan was borrowed when Universal Music was acquired, and it is now due.

"After repayment, how much cash will the company have?"

"$10.7 billion."

The sale of Universal Music made Hongmeng fat.

"What about the debt?"

"Excluding subsidiaries, Hongmeng has no debt."

Hongmeng headquarters has had two debts since its development.

One was that Xu Liang issued a $1.5 billion ABS bond with Gates Sr. as a guarantor in order to acquire Vivendi Games.

The second was the $5 billion borrowed to acquire Universal Entertainment.

Now both loans have been repaid.

"Mr. Xu, I plan to sell Hongmeng's equity in Korean entertainment companies."

In order to develop Hongmeng Music Network in South Korea, Hongmeng invested in YG, JYP, and SM, three major entertainment companies, each holding about 15% of the equity. Now Hongmeng has launched a pan-entertainment industry.

Hongmeng Music Network was also sold to Penguin Music.

There is no need to keep the copyrights of these music companies.

"You can sell it, but don't sell it outside. I will arrange for Hanhua's people to contact you in a few days."

Hanhua has a private equity fund in South Korea that invests solely in South Korea.

The three major entertainment companies have great development prospects, so it's just right to eat them.

Xie Wen nodded.

"After selling the shares of the three major entertainment companies in South Korea, the only equity assets that Hongmeng still holds are Ctrip's 16.3% and Penguin's 12% shares, right?"

When Sina was doing tourism, it couldn't compete with Ctrip.

If you can't beat them, join them.

Sell them directly in exchange for Ctrip's shares.

Penguin's shares were naturally exchanged for part of Hongmeng Entertainment's assets.

"Mr. Xu, Ctrip is the largest online travel website in China. Relying on the rapidly developing domestic tourism market, there is still great potential to be tapped in the future.

So, I don't recommend selling it."

Xu Liang nodded, "Ctrip is indeed a good company. If you plan to keep it, keep it."

He could understand Xie Wen's thoughts.

As its subsidiaries went public one by one, Hongmeng headquarters could basically get only a few sources of profit.

Dividends from its listed subsidiaries.

Selling shares of its listed subsidiaries, such as NetEase and Ctrip.

Then there is the income from financial management.

$10.7 billion, even if it only invests in stable government bonds and short-term credit, it can get a net income of $500 million a year.

But Hongmeng headquarters is not just income without expenditure.

Apart from other things, the investment of its major laboratories is not a small amount.

Especially the research and development of Hongmeng operating system, which is a big spender.

From the establishment of the project to now, nearly 1 billion US dollars have been burned.

If it weren't for the huge profits of Hongmeng's Bing and Hongmeng Games, the dividends are increasing.

Add to that the money from several consecutive financings.

They probably wouldn't have saved up their current assets.

But if you plan ahead, you will succeed.

As Hongmeng's R\u0026D projects increase and the investment increases, he must find more sources of funds.

And investing in potential Internet companies is the most suitable choice.

Penguin is also based on similar considerations.

"Has the listing negotiation of Bing started?" Xu Liang said.

"It has started, but do we still need to cooperate with JP Morgan?" Xie Wen asked.

Nearly two months have passed, and the news of the Dragon Slaying Plan has spread.

As Hongmeng COO, he certainly knows that JP Morgan is involved in the Dragon Slaying Plan.

"Go ahead, after all, we signed the contract."

After excluding JP Morgan from Facebook's financing, Gorman has called him several times.

Even other JP Morgan executives have contacted him.

In order to resolve the conflict between the two sides, JP Morgan is willing to help him complete the securitization sale of Unocal Resources Group's $17 billion loan at zero fee.

Since the other party showed sincerity, he certainly took advantage of the situation.

You can't really offend the bosses of the five major investment banks on Wall Street.

"But the contract is signed, and Hongmeng Bing's securities underwriting in Asia must be handed over to Hanhua."

Relying on the foundation laid by Hanhua in the private equity field, the investment banking business has also been relatively smooth.

Many large institutional clients, in order to obtain private equity investment shares under Hanhua, took the initiative to hand over part or all of the company's financial business to Hanhua.

In just one year, Hanhua has made great progress in this regard.

Now we need more excellent companies to go further.

Hongmeng Bing is now a big piece of fat meat that all investment institutions around the world are eyeing.

Google, which has a lower market share and traffic than it, can get a market value of nearly 60 billion US dollars.

Hongmeng Bing, which dominates the Asian and European markets, will definitely have a higher market value.

Once this top company goes public, Hanhua, as an investment bank, will surely attract the attention of the global capital market.

With this classic case, it will be easier for Hanhua to do securities business again.

Xie Wen nodded.

He didn't really want Hanhua to get involved, after all, its foundation was too shallow.

But he also knew that no one could resist the determination of the big boss.