Wall Street Legend

Chapter 143 Misjudgment (24)

IDG Group is headquartered in Boston, and its main leaders are several wealthy Chinese Americans.

Ye Dongqing told them last night that he was interested in the 7.2% of Tencent shares and wanted to ask them to talk in person, so the next morning, a middle-aged man named Li drove to the agreed place. , Puchuan Building.

Bonny already knows this news. As long as the shares are not acquired by the MIH Group, it doesn't matter to him even if Ye Dongqing increases his holdings. Since he voluntarily gave up the decision-making power of all the shares in his hand and handed over the power to manage the company to Bonny Ma , so in his eyes Ye Dongqing is on his side and will not have much impact on Tencent.

When it comes to South African MIH Group and IDG Group, it is a coincidence that these companies value Tencent.

In 1999, ICQ, a subsidiary of America Online, sued Boney's OICQ for infringement. Tencent didn't have much money to deal with it at that time, so Boney hoped to sell it for 3 million yuan, and the highest offer was only 600,000 yuan.

Boni felt that it was short, so he went to borrow money from his friends. One friend told him that if he really went bankrupt, he didn't have to worry about how to pay back the money, as long as he didn't use Tencent stocks to offset the debt. Then he met Ye Dongqing last time. Zeng Qing met with him and got his first investment from IDG. The market value was calculated as US$5.5 million. He sold 20% of the shares of PCCW to IDG and Superboy respectively, and received a total of US$220. Thousands of dollars in financing.

Later, when the Internet bubble collapsed, Yahoo's market value shrank from more than 90 billion U.S. dollars to more than 8 billion U.S. dollars, and Amazon's stock price plummeted from 23 billion U.S. dollars to more than 3 billion U.S. dollars. Under this situation , among the MIH Group, a subsidiary of the South African media giant Naspers, a foreigner accidentally saw in an Internet cafe that every computer was equipped with QQ software, and he made up his mind to invest. Based on the market value of US$60 million, QQ could grow by US$500,000 per day at that time. users.

Later, it gradually evolved into the situation before Ye Dongqing entered the game. The 7.2% stake in IDG was also a small amount left at that time. In fact, after Ye Dongqing decided to raise US$50 million this time, they had The shares have shrunk, and according to Mr. Li's idea, Ye Dongqing needs to pay US$27 million to get it.

Tamsui Investment Group recently made a lot of money, and he could afford it. They were sitting in the office at about ten o'clock in the morning, and Ye Dongqing was telling him: I can accept your offer. The only requirement is that I hope that The payment time has been extended to two months. You know I just took out 50 million US dollars and I still have the ability to fulfill the contract. I just need to give me time to raise the funds. If I can accept it, then I will do it in the next few days. I can sign an agreement with you.

The price of crude oil has risen too crazily recently, and he is already preparing to go short. He has the same reason as Tencent for deferred payment. He still plans to use the funds on hand to make another profit before paying, so as to miss this crude oil surge. After that, the next time I try futures may be at the end of 2003. At the beginning of 2004, Ye Dongqing remembers filling the car with gas at that time. The price of oil has been rising, as if it will never end.

At the peak, he remembered that it had risen to more than 140 US dollars per barrel. Unfortunately, the risk involved was too high and it was not as safe as investing in these companies. The overall increase was true, but the short-term fluctuations were not expected to be small.

Two months? I will talk to the boss. It should be no problem. You can pay us US$7 million upfront and pay us the rest after the funds are turned over.

That's great. I will send someone to continue communicating with you and draft the transfer agreement. Ye Dongqing said with a smile.

This kind of business is a mutually agreeable business, and it is not troublesome to negotiate at all. He doesn't want to cause trouble because of a little money, so he doesn't even have the intention of bargaining. In fact, the other party's quotation is reasonable.

Internet companies have been having a hard time in the past two years. Washington has lowered the threshold for mergers and acquisitions. Such transfers of equity between American companies can reduce a large amount of taxes and help keep the entire industry dynamic.

Ms. Vigo was also in his office. She knew it was time for her to take the stage and talked about the specific payment and transfer matters.

Ye Dongqing went out and called Boni to tell him that the negotiation had been completed. For a share transfer of this amount, it was necessary to inform the CEO.

Kanike had been in California for more than half a month when he called to report to Ye Dongqing.

Just a few days after the first batch of temporary salesmen finished training, they harvested all their relatives and friends. The total purchase amount exceeded US$6 million in just three days. It is worthy of being the richest state in the United States. , more people have money to buy financial products.

Not only is the business in California going smoothly, but in New York, the home base of Tamsui Investment Group, these high-return financial products are now slowly attracting the attention of some wealthy people, and occasionally there are transactions worth hundreds of thousands or millions of dollars. With large purchase orders, funds suddenly became abundant, and they were soon invested in bonds, stock markets, and currency markets, and the scale was expanding day by day.

Since the share of warrants mainly comes from Apple, Amazon, Netflix and others are relatively small, and the premium is too high, so it is still in a state of loss.

Apple's stock price has fallen slightly recently. Today's opening price is only seven dollars and sixteen cents. The stock market has lacked recent upward momentum and even suffered a slight loss. It is all supported by the performance of the futures market, and the capital flow has completely disappeared. question.

Ms. Vigo's gossip is correct. Little Edward, the rich and fat man from the Johnson family, has indeed been speculating in crude oil futures recently. The total value of his positions is about 200 million U.S. dollars, and his profit has exceeded ten percent.

This made him start to expand, and he felt that crude oil futures were no big deal. Little Edward's mother, a capital tycoon who was in charge of Fidelity Investment Group, gave some advice on this transaction. When it came to channels for obtaining first-hand information, this guy was better than Ye Dongqing has too many advantages.

After all, Ye Dongqing was too cautious and misjudged the situation. He knew that the price of crude oil would rise before the war broke out, but he did not know how much. He thought that four dollars was considered a risk. However, in early March, the crude oil futures price It suddenly jumped to over thirty dollars, and soon broke through the thirty-one and thirty-two dollars mark!

A large part of Edward's own funds was invested in the bond and stock markets. Seeing such market trends, he finally couldn't bear it any longer. He violated the agreement and asked Ye Dongqing to use funds to continue adding positions. A conflict broke out between the two, and he was furious. Little Edward unilaterally decided to tear up the agreement and invest the money himself, preferring to give half of the total profit as compensation.

Ye Dongqing didn't want him to withdraw, because he wanted to use the money to go short next. However, little Edward had already made up his mind. No matter what he said, it was useless. Perhaps because of the inside information, their short-term cooperation quickly fell apart. .