My Age of Investment

  Chapter 464 kicks off (seeking monthly pass)

  Magic capital.

  In the suites of an upscale hotel on the Bund.

  Xia Jingxing sat in the boss chair, looked at the laptop screen on the desk, and laughed a little bit from time to time.

  On his left side, there is an antique bookshelf filled with various books and classics, and on the right side is a huge floor-to-ceiling window overlooking the endless Huangpu River.

Behind    there is a huge ink painting mural, and on the top hangs a pair of calligraphy with a brush calligraphy of “the goodness is like water”.

  Imported carpet is spread on the ground, which makes it soft and comfortable to step on.

  This is his temporary office in the magic city. The location and scenery are quite satisfactory to him, but the decoration and display are so old-fashioned, which does not suit his wishes.

   But considering that it was a temporary office, he barely tolerated it.

  It has been two days since Focus Media’s acquisition of Framework Media, but public opinion has just begun to ferment.

  He is now watching the sensational headlines of the media and the content of their exaggerated articles.

   "Brother Rao, look at this."

  Xia Jingxing turned the computer screen to Rao Lei who was sitting opposite him.

  Because the desk is a bit big, Rao Lei's four eyes still cannot see the content on the computer. He also moved the computer to his side and read the content in a low voice.

   ""Axe refers to the investment circle, who else is there"."

  The article is accompanied by a cartoon, with a cartoon axe slashing down vertically, and on the opposite side is a group of stickmen marked with investors A, B, C, D...

  "Vision Capital was established in mid-2004, and initially there was only one hedge fund with a management scale of 36.75 million U.S. dollars-Lixia...

  To this day, Envision Capital has a total of nine funds under management, with a management scale of more than four billion US dollars, and investments across China and the United States...

The two exit cases of   Scape and Frame Media show us the extraordinary vision of Xia Jingxing and Envision Capital.

  Flirtuously, he invested 700 million U.S. dollars in Ali, which gave us a glimpse of the powerful strength of this investment crocodile.

  Let’s look at a few more sets of data. As of October this year, according to incomplete statistics, domestic and foreign institutions engaged in venture capital in China have raised a total of US$4.033 billion in new funds, which has become the most fund-raising year in the history of China’s venture capital.

  For example, SoftBank Asia has just completed the second phase fund raising of nearly 640 million US dollars;

  Sequoia China, completed the first phase fund raising of more than 200 million US dollars...

  China's VC industry is becoming more and more lively.

There are successful Chinese entrepreneurs such as Xia Jingxing, Deng Feng, and Zhu Min who have returned to China with huge sums of money, local successful entrepreneurs such as Shen Beipeng, Zhou Hongyi, and Lin Xinhe, as well as emerging VCs from established funds.

  Fan Zhang, former managing director of DFJ Global Fund, joined Sequoia Capital China Fund as founding partner;

  Xu Xin, the former president of Baring Asia China, founded Capital Today as the managing partner and president;

  ……

  With this year of reshuffle of funds and talents, we expect that China's venture capital industry will become more and more exciting.

  In addition, with the increase in hot money in the industry, good projects will also fall into fierce competition.

  We estimate that VC competition will be fully launched in 2006.

  For example, when the project is basically negotiated, another one suddenly comes in, and the price is raised to squeeze in to share a cup or pry the project away.

  Don’t think it is alarmist!

  Compared with the more than US$4 billion in new funds raised this year, China’s venture capital market last year invested a total of 233 companies with an investment amount of US$1.057 billion..."

  The article is too long. Rao Lei read it, but he didn't read it if he was tired. He finished reading the article silently in his heart.

   Then, he raised his head and looked at Xia Jingxing.

  Xia Jingxing took a sip of wolfberry tea on the table, smiled and said, "What do you think?"

   "I originally read the title of this article, but thought it was trying to kill our Vision Capital."

  Rao Lei "haha" laughed, "Who else! This is so arrogant.

You may not know it abroad. At the end of last year, a movie called "Kung Fu" was released in China at the end of last year. It was filmed by Zhou Xingchi. Xiaogang Pao played a cameo in it and played a particularly arrogant club boss, the golden sentence "Who else "It has become a hot word on the Internet..."

  Xia Jingxing nodded. She was in a foreign country in her previous life, and she didn’t see the movie the first time it was released. Later, she watched it on...well, on a pirated website. This must be admitted.

  He naturally knows this stalk!

  So when he first saw the title and the picture, he smiled so happily.

   "Although the title is a bit alarmist and exaggerated, the specific content is still very objective." Xia Jingxing looked at Rao Lei, "What do you think?"

   "Yes!"

  Rao Lei nodded, “In fact, without media coverage, you can also learn from friends around you that VC entrepreneurship somehow suddenly became popular.”

  Speaking of this, Rao Lei gave Xia Jingxing a meaningful look, "I think it's related to you."

   "What does it have to do with me?"

  Xia Jingxing shook his head, 2005 is a crucial year for China's venture capital.

  Although IDG opened an office in China in 1992, China's venture capital has gone through 13 years.

  Before, it was all small troubles, out of order, out of scale, out of system.

  But this year, investment institutions that have been active in China's venture capital market for more than ten years have basically arrived. Everyone has come to the stage and began to narrate their own investment legends.

   "Your two investments cost less than 10 million U.S. dollars, and Hao earned more than 300 million U.S. dollars. Do you think anyone is jealous?

  With these more than 300 million US dollars, it can be ranked in China’s Forbes rankings. "

  Rao Lei still stubbornly feels that Xia Jingxing has had a profound impact on the industry. Even if this impact is not fully reflected at the moment, it will certainly attract many successful entrepreneurs to follow suit in the future.

  Xia Jingxing did not argue, smiled, and then asked: "What about others, what do you think we should do next?"

  Rao Lei knew that he was trying to compare himself, so he lowered his head to think.

  Currently, Youyoumi’s due diligence has all ended, and the company has officially handed over it to Thousand Oaks.

  He rested for a few days, and then flew to the magic city to report to Xia Jingxing.

   ran up full of joy, but there was not even an office, so he shrank to work in this hotel.

  Including him, Envision Capital has a total of three people, one boss, one investment manager, and one driver.

  If he didn't know Xia Jingxing well, he would deal with it directly as a leather bag company.

  Thinking for a while, Rao Lei replied: "I think we are going to race against time."

  Xia Jingxing lifted his chin, motioned to continue.

  "Jingxing, you think, so many new funds have been born this year, typically with more money and fewer projects. Intensified competition next year is not alarmist.

  Why is next year?

  Because many new funds, like us, are still in the initial stage, sorting out their own investment methods and cultivating teams.

  In addition, this year, I think the industry is very fluid. Can you hurry up and dig out a few investment managers who are familiar with the local market to join the Envision Capital China team? "

  Xia Jingxing nodded, "Well said, we really need to work hard.

  The office in the capital is being renovated, but the office in the magic city is still out.

  Take a hard time for you these few days, first confirm the Magic Capital Office.

  Don’t worry about people’s affairs, I have already entrusted Hanergy to speak out, and Envision Capital hires talents with high salaries.

  Just these few days, I will personally interview in Magic City to establish the key members of the team. "

  Seeing that Xia Jingxing had already considered everything he could think of, Rao Lei stopped talking, nodded, and agreed to the matter.

   "Hey, by the way, look at the name of this reporting media, the data is quite detailed."

  Rao Lei took a look and replied: "Zerotech Research Center."

   "Oh, they."

  Xia Jingxing nodded, indicating that she knew it.

  (End of this chapter)