Chapter 421 Hongyan
NetEase's stock has risen with the development of the game business, four to five times higher than when Xu Liang originally acquired it.
Although Sohu fell a little short, it still seized the opportunity of Monternet and has a bright future.
Penguin is even better. Now it holds one-third of Monternet's revenue. In 2002, its revenue exceeded 800 million Chinese dollars.
The scenery is endless.
Although he gave up the QQ show after the last meeting, with Xu Liang's guidance, the game hall business is developing in full swing.
It has gradually caught up with NetEase Game Hall, second only to Lianzhong.
This result also made Xu Liang sigh with emotion. Making casual games with the number of QQ users is a perfect match, and the development speed is too fast.
Because of Xu Liang’s investment, although Alibaba failed to acquire eBay, it entered C2C one year earlier than in history.
With abundant funds, we have a lot of business dealings with eBay.
Now we have gradually taken the initiative.
Among all Hongyan’s investments, Yahoo! Japan has seen the largest increase. In the past few years, it has been like taking a tonic.
Yahoo! Japan, which had a market value of only 200 to 300 million US dollars in 2000, now has a market value of over 30 billion US dollars and is still rising.
“Take another year this year, and sell it next year.”
Yahoo! Japan’s stock price has risen too high, and it will probably be able to recover with the help of the global Internet industry this year and next. The chances will go up.
But Yahoo! Japan, which is limited to Japan, will most likely reach the peak of US$30 to 40 billion.
It’s time to cash out.
The stocks with the least rise are Maotai and Wuliangye.
Starting from May 1, 2001, on the basis of the ad valorem tax on liquor, the state has levied a specific tax of 0.5 yuan per kilogram of liquor, and has canceled the requirement for enterprises that purchase liquor from outside to blend it to produce liquor. Deduction policy for deducting the consumption tax paid on the wine purchased.
The original intention of the state in formulating this policy is to curb the proliferation of small wineries, improve the quality of liquor products, reduce food waste and environmental pollution, and achieve the survival of the fittest in the liquor industry, in addition to increasing a certain amount of tax revenue.
However, during the implementation of the policy, some local small and medium-sized wineries did not pay taxes in full and on time due to various reasons, and their profitability was not greatly affected.
However, some formal large-scale domestic famous wine companies have experienced a significant decline in profitability due to the increase in taxes.
This is also one of the reasons why well-known companies such as Tuopai Qujiu and Kongfujia have carried out shareholding reforms.
Standard Chartered Bank’s performance last year was very stable, so the stock price did not increase much.
Xu Liang invested in Standard Chartered more to have a smooth financing channel, and the investment profit was just an add-on.
Then there is the real estate aspect.
Taihua Real Estate currently focuses on business.
It is divided into three types of business.
Taihua City integrates a variety of business formats such as 5A-level office buildings, luxury hotels, shopping malls, pedestrian streets, luxury apartments, and residential communities.
Currently, there are four Taihua cities that Taihua Real Estate is planning to build.
The first is Beijing Guangqumen Taihua City [R&F City], which covers an area of 48.78 hectares, has a floor area ratio of 2.7, and a construction area of 1.52 million square meters. The land acquisition cost 3.16 billion Chinese yuan, and construction has not yet started.
Second, Fengtai Taihua City, one of the three major projects in the first phase of the Hongmeng Project, covers an area of 550 acres and is preparing to build a shopping mall worth RMB 330,000, one 5A hotel and one 3A hotel; 9 buildings, totaling 45 10,000 square meters of office building with a total construction area of 104 square meters and a total investment of 5 billion Chinese yuan. Construction has already started.
The third Weicheng Taihua City covers an area of 350,000 square meters, has a floor area ratio of 3.5, and a total construction area of 1.225 million square meters. The planning has been completed and construction can start as soon as Xu Liang’s money is received.
This is also Taihua Real Estate’s only investment in a third-tier city.
Hometown, I have no choice but to invest some money.
Fourth, Hangcheng Taihua City [Kerry Center] covers an area of 101 acres, has a floor area ratio of 4.8, and a total construction area of 328,000 square meters. The design has been completed and is also waiting for the rice to be ready.
Taihua Plaza integrates three business types: shopping malls, office buildings and apartments.
Currently there are five projects.
First, Guomao Taihua Plaza [China’s No. 1 Mall] covers an area of 55,000 square meters, with a total construction area of 263,000 square meters.
Second, Taihua Plaza [Yindu Center] on Xizhimen North Street has a total construction area of 220,000 square meters.
Third, Chang’an Street Taihua Plaza [Guangyao Oriental Plaza] has a total construction area of 210,000 square meters.
Fourth, Gongzhufen Taihua Plaza [Guohai Plaza] has a total construction area of 260,000 square meters.
These four projects are all renovations of unfinished buildings, but they are also top-notch projects among unfinished buildings in the capital. If Xu Liang had not been under the supervision of the Jiang family in the capital, it would not have been so easy to win these projects.
The fifth one, Jinling Taihua Plaza [Deji Plaza], covers an area of 41,244 square meters and has a total construction area of 300,000 square meters. This is the only Taihua Plaza project under Taihua that is not in the capital.
The last one is the ‘Taihua Center’ format.
It combines two business types: shopping malls and office buildings.
Currently there are four projects.
The first and most famous one, the ‘Thaihua Global Center’, which was rebuilt from the Shanghai World Financial Center, is temporarily ranked first in China and third in the world with a height of 460 meters.
The second magic city ‘Thaihua Times Center’ was also the later National Financial Center.
Currently still doing design.
The third Beijing Taihua Global Center [Jianwai SOHO] covers an area of 16.9 acres and has a construction area of 540,000 square meters.
The design has been completed, and we are still waiting for Xu Liang’s rice to be cooked.
The fourth Yangcheng Taihua Global Center was renovated from the unfinished building Zhongcheng Plaza. Originally, Zhongcheng Plaza was purely an office building.
After being acquired by Xu Liang, under his orders, Lu Jue communicated with the government to expand the podium area and turn the original two floors into six floors.
After these changes, the podium area exceeded 80,000 square meters and became a large shopping mall.
There are a total of thirteen projects. Except for Taihua City, the hometown of Weicheng, which is slightly less valuable, the others are urban core or mainstream business districts in first-tier and top second-tier cities.
Whether it is real estate appreciation or business income, it has huge potential. He invested US$1.5 billion in Taihua Real Estate and borrowed US$1.5 billion from Standard Chartered Bank. It cost a total of US$3 billion to win these 13 projects on the list.
“When this oil speculation ends, all projects will start and the next round of real estate expansion will begin.” Xu Liang said.
Take advantage of the low land prices in the past few years to buy more. Not only will the competition become more intense in the future, but the land will not be as cheap as it is now.
While Xu Liang was thinking about the future development of Hongyan Fund, time passed by and soon it was night.
In the garden square in front of Loren Manor, Xu Liang looked at John Humphrey who got off the Rolls-Royce and stepped forward to greet him with a smile.
"John, long time no see. How are you?"
"Haha, thanks to Mr. Xu, this period is the most relaxing period since I became the CEO of Standard Chartered."
Although this sentence is polite, it is more sincere.
Since Xu Liang became a shareholder of Standard Chartered, Hanhua handed over most of its loan and financing transactions to Standard Chartered.
It was only last year.
The cooperation between the two parties has reached nearly 10 billion US dollars.
Moreover, the risks of these loans and financing are low and the returns are stable, which greatly improves Standard Chartered's profitability.
As the CEO of Standard Chartered, John Humphrey is certainly happy to see this happen.
Xu Liang continued with a smile: "I believe that as the cooperation between Hanhua and Standard Chartered continues to deepen, Standard Chartered's revenue will be higher."
"I am also looking forward to this."
The two looked at each other and smiled.
"Please come in."
"Please."
The two came to the living room.
Lu Hui serves coffee.
Humphrey took it and took a brief sip.
"Xu, how is your relationship with Goldman Sachs?"
"Is it okay? John, why do you ask so suddenly?"
"Goldman Sachs has been inquiring about your several financings recently. With their way of doing things, if they didn't have some plans related to you, they would never be like this," Humphrey said.
"Goldman Sachs!"
A glint flashed in Xu Liang's eyes.
He became friends with Goldman Sachs COO John Thain, and the latter's competitor John Thornton became his opponent.
The two of them were fighting for the position of CEO of Goldman Sachs Group, and their brains were almost turned into dogs. It was normal for John Thornton to dislike him.
It's just that Xu Liang didn't expect that after he dropped the bait, he actually fished out Goldman Sachs?
“With their status on Wall Street, they should be very clear that the war in Iraq is inevitable.” Xu Liang said.
"John, thank you for your news. This is very important to me."
"We are friends and close partners, so naturally we have to help each other." John Humphrey smiled road.
Xu Liang is the major shareholder of Standard Chartered. Being friends with him will make it easier for him to control Standard Chartered.
By comparison, Goldman Sachs is an outsider.
Which is more important, Humphrey knows very well.
More importantly, he is also very optimistic about Xu Liang's future.
"Xu, people at Goldman Sachs are good at manipulating public opinion, don't be fooled by them."
"Don't worry. If you didn't remind me, maybe I would really suffer a loss, but now With your help, I have been prepared and I will definitely not let them manipulate me." Xu Liang said with a smile.
"Haha, I hope I can help you." After a pause, "Xu, I read Time Magazine, are you really optimistic about oil bulls?"
"Of course. Kunpeng Fund's main investment now is Long oil futures.”
Xu Liang didn’t hide it either.
For a person of Humphrey's level, there is no way to hide it.
"Many of Standard Chartered's clients are also interested in oil futures. They want to ask you for advice in person. I wonder if you have time?" John Humphrey said.
With the spread of "Times", Xu Liang's deeds became known to more and more people, and more and more people were interested in him.
Especially the super high profits of Hanhua Capital Qinglong Fund are so exciting.
So now more and more people want to make friends with him.
After going around and around, naturally many people will come to Humphrey.
"John, for your sake, I have to make time even if I don't have time." Xu Liang said with a smile.
"Haha, then I want to say thank you."
"We are mutually beneficial."
"Yes, mutually beneficial. ... Then I will organize it, and wait for the details to be decided. Can I call you again to inform you of the time and place?”
“OK, no problem”
(End of this chapter)