Chapter 346 Fund
“Why? Aren’t you worried?”
“I’m worried about others, I’m not worried about you.” Jiang Xiaoyang shook his head.
In all the years she had been with Xu Liang, she had never seen him make any wrong decisions, so she was a fool to bet with him.
“I originally wanted to make some money from you, but now it seems I have no chance.”
Rolling his eyes at him, Jiang Xiaoyang said: "There is one more thing to tell you. Liu Zhiping's Jupiter 2 Fund has raised US$170 million, officially closed the funds and started operations."
"170 million US dollars? So "How much?"
"He accumulated a lot of contacts when he was at McKinsey and Goldman Sachs, and he also showed outstanding abilities in handling the restructuring of Guangdong Group. Many institutions are optimistic about him," Jiang Xiaoyang said.
Xu Liang touched his chin and said thoughtfully: "It seems that we need to find more financial elites with their own traffic."
"Top talents are not easy to find, and we Han Although Hua has made a lot of profits, it still has few successful cases in the field of venture capital,” Jiang Xiaoyang said.
Xu Liang nodded and said, "Come on little by little."
Looking at the time, Xu Liang stood up.
“Let’s go, it’s noon, let’s go have dinner.”
Jiang Xiaoyang nodded and stood up.
After lunch, Jiang Xiaoyang continued to go back to the company to work, and he went home directly.
"Mr. Xu, are you back?"
Hearing his movement, a slightly fat woman walked out quickly.
"Aunt Li, where are you cooking?"
After nodding, Aunt Li came over.
"Go and take a look. Your old man is planting in the middle yard, and the grass has been pulled out."
Xu Liang was stunned, "Okay, I'll go take a look."
He quickly came to the middle courtyard.
Sure enough, Xu Yongpei was digging on the ground with his head on his head.
"Dad, what are you doing?"
Seeing his son, Xu Yongpei wiped the sweat from his forehead and said with a smile: "I wonder if your land is deserted. If it is left uncultivated, just pull out all the grass on it and plant some leeks and green onions to save you money.”
Xu Liang opened his mouth. He wanted to say that he originally planted tall fescue here. Although it grew like grass, it was not wasteland.
But seeing the excitement on my father’s face, I swallowed the words that came to my lips.
Forget it, whatever makes the old man happy is fine.
“Where is my mother?”
“They went dancing in the small square in front. A bunch of old ladies danced every day and didn’t even bother to eat.”
Seeing his father's angry look, Xu Liang smiled and said nothing more.
It is the best thing for him that his parents can adapt to life in the city.
"Dad, please continue planting, I will go back to the room first."
Xu Yongpei nodded, "By the way, when will Xiaomeng be back?"
"No I know. But she won’t come back until she has enough fun. Don’t worry, she will be fine with her.”
After Xu Meng's college entrance examination was over and he filled out his application form, he began his dream graduation trip.
“This girl is really crazy.”
After muttering, Xu Yongpei continued to take care of his land.
Xu Liang took a look and returned to the backyard.
Take a shower first.
It's already July, and the dog days of summer are uncomfortably hot.
I came to the study room, turned on the computer and looked at the mailbox.
There are already several work emails in it.
After a brief glance, he raised his eyebrows.
“Yingke wants to acquire Penguin’s equity?”
After thinking for a moment, he took out his cell phone and called Lu Hui.
“Mr. Shares." Lu Hui said.
“This Mr. Li really thinks of good things. When Penguin lost money, he abandoned it like worn out shoes. Now that he has made money, he regrets it and wants to buy it back. How can things be so simple?
Reject him for me and speak more firmly. "
"Okay. ”
Hang up the phone, Xu Liang couldn’t help but shake his head.
Except for his ability to pick up girls, Li Er is far behind Lao Li and Li Da in other aspects.
As long as he collects more information, he will know the case where MIH Group was rejected by him in investing in Penguin, and he will also understand the importance he attaches to Penguin.
If you want to buy, you must come up with a sincere offer or attractive conditions.
I was too lazy to talk to this guy. I processed a few documents and then it was time to eat.
After dinner, I chatted with my parents for a while.
He enjoys this family atmosphere very much, which is much better than when he was alone in the capital.
I spent some time drawing in the evening and finished processing the subsequent documents before going to bed.
The next day, Xu Liang came to the Ideal Building in Zhongguancun.
"Mr. Xu."
The front desk saw him and quickly stood up to say hello.
Although he has not come to Sina many times, most of the employees here know him, the famous and richest boss.
After nodding and saying hello, we walked all the way inside.
After taking a look around, I could see that the number of employees at Sina was much larger than the last time I came here.
The office area, which was originally somewhat empty, is now packed to the brim.
Come to your office.
Not long after, Wang Zhidong opened the door and walked in.
“Mr. Xu.”
Xu Liang waved, "Come and sit." He poured a cup of tea for him.
“Do you want to change the office building?”
Wang Zhidong nodded and handed Xu Liang the information he brought.
“This is Sina’s latest development information and financial data. With the expansion of various businesses, the current ideal building is no longer enough for us.”
The ideal building completed in 1999 has a construction area of less than 40,000 square meters, and it has to share office space with several other companies. It is indeed not suitable for the growing Sina.
“Do you have a suitable goal?”
“Yes. Zhongguancun Building, with a construction area of 38,000 square meters, will be completed in March next year. We can rent it as a whole.”
Xu Liang nodded.
I didn’t comment too much, but looked at Sina’s 2002 interim report in my hand.
Since its acquisition of Sina last year, it has been adhering to its development strategy as a platform company.
Sina’s current business can be considered to be in full bloom.
In addition to the original news business.
There is also ‘Pacific Computer Network’ which specializes in selling various IT products.
‘Auto Home’ specializes in selling cars.
‘Tuniu’ is a full-time travel company.
The ‘Tieba’ of the professional community.
‘SouFun.com’ specializes in real estate.
'Snowball.com' specializes in financial information.
And the ‘Sina Game Hall’ transferred from Hongmeng.
In order to strengthen the brand and recognition, Xu Liang gave each business a name that was impressive in his previous life.
In the past year, because there are no decent competitors, coupled with the traffic from Sina, Bing and Pangu browsers, all businesses have developed well.
In addition to Sina’s fundamental business ‘Sina News’.
The best developed one is the ‘Sina Game Hall’ with a solid foundation, which currently has more than 25 million users.
Thanks to the popularity of online games, half-year revenue exceeded 60 million Huaxia coins.
Next is the house search.
SouFun is an acquired business and has a certain foundation.
Coupled with the booming property market, Soufun has more than 17 million registered users, with half-year revenue of 13 million Huaxia coins.
Several other websites are similar.
The number of users generally exceeds 10 million.
But there are not many core customers.
In terms of revenue, Sina has reached a new level.
Sina's advertising revenue reached 130 million Chinese dollars in the two quarters, an increase of 48% over the same period last year. Its gross profit margin increased from 52% in the previous quarter to 59%, completely turning losses into profits and creating a Net profit of 5.7 million Huaxia coins.
If Sina's advertising revenue is still expected, then Sina's cable business revenue is exciting.
In the two quarters of 2002, revenue exceeded 150 million Chinese dollars, surpassing Sina advertising revenue and becoming the most profitable business of the entire Sina company.
What's even more rare is the huge profits.
Thanks to Mobile’s 28% share game rules, Sina’s monthly net profit can be about 40%, which can be described as huge profits.
It is also the huge profits of Sina's cable business that support the rapid expansion of other businesses.
Of course, it also caused the number of Sina employees to expand rapidly. It doubled in just one year and currently has nearly 1,300 employees.
No wonder Wang Zhidong wants to find a new office building.
Put down the information in your hand.
“I agree to Sina’s change of office area.”
Wang Zhidong breathed a sigh of relief, “Thank you, Mr. Xu.”
Xu Liang waved his hand, “Old Wang "It's just business, no thanks." He paused and asked, "How many shares does Duan Yongji still hold in the company?"
"There is still 4.2%."
Xu Liang nodded. Duan Yongji originally had 10%, but the ‘Sina Game Hall’ was diluted to 6.3% after being injected from Hongmeng.
Later, Pangu Browser and Bing used the cash payable from the three-year advertising contract to invest in Sina, further diluting Duan Yongji's Sina equity.
It was further diluted to the current 4.2%.
“This guy is really a dog-skin plaster. He clings to us and refuses to let go. He even accuses us of engaging in insider trading.” Wang Zhidong said angrily.
"He deliberately kept the shares in order to disgust us. It would be so easy to drive him out." Xu Liang said.
After thinking about it, Xu Liang gave up on the idea of directional capital increase and diluting Duan Yongji's equity.
One is that he has no money now, and the other is that there is no need.
This small amount of equity does not threaten his control of Sina at all.
"Don't worry about Duan Yongji. He is now a grasshopper after autumn and won't be able to jump around for long." Xu Liang said.
After Wang Zhidong nodded, "Mr. Xu, there is one more thing. We have cleared all the shares of Sunshine TV."
"Loss or profit?"
"It's 12 million Hong Kong dollars, which is not much."
"It's okay if it's a profit. No wonder I see that the company's cash has increased a lot."
After nearly a year, 29% of Sunshine TV shares were finally sold out.
Thankfully, "Interview with Yang Lan" was quite popular and drove up the share price of Sunshine TV, otherwise it would have been difficult to sell it.
"Let's go, accompany me to visit various departments."
Xu Liang stood up and said.
Wang Zhidong nodded and followed.
After walking around for a while, Xu Liangliang was still quite satisfied.
Probably because they can take charge and develop independently, employees in each department are more motivated and proactive. The situation is much better than when it was first acquired, which was lifeless, overstaffed, and internally fighting for power and profit.
After staying at Sina for a day, Xu Liang left.
(End of this chapter)