Chapter 679: The Problem of Real Kungfu
In order to improve the shortcomings of Mahler Villa, Xu Liang bought two old buildings around it, demolished them all and rebuilt them.
The area of Mahler Villa was expanded to 11,000 square meters, 1,100 square meters of water and 2,300 square meters of gardens were added, the main building area was increased by 3,300 square meters, and 300 parking spaces were added, with 200 underground parking spaces. One hundred on the ground.
It is almost the layout of a super five-star hotel restaurant plus banquet hall.
Because it is a British architectural style, it would be inappropriate to call it Sixi Building.
Therefore, although this is a branch of Sixi Building, it is known to the outside world as ‘Mahler Restaurant’.
"Mr. Xu, we have made an appointment with Mr. Zhang.
He will come to Lilac Villa to visit you at 10 o'clock tomorrow morning." Lu Hui said.
"Let the following prepare, don't neglect."
"Okay."
"Mr. Xu, Tang Wanxin also hopes to visit you."
"How did he know that I was in Magic City?"
As soon as he finished speaking, Xu Liang understood.
In this era when there are very few private jets, his Kunpeng is like a big torch. As soon as it stops at the Shanghai Airport, everyone will know that he is coming.
“Well, private jets are not all good.”
Shaked his head.
“Did he say anything specific?”
“No.”
“Let’s arrange his meeting for the afternoon of the day after tomorrow.”
"Okay."
After Lu Hui left, Xu Liang picked up the documents on the table.
This is the 2004 mid-year report of Modu No. 3 Fund.
Since Xu resigned at the beginning of the new year, Zhang Ying took over.
From the projects, we can see clearly different investment styles.
Xu Xin prefers the catering industry and the Internet. He likes to discover companies that are in the early stages and invest in them from angel rounds to A rounds.
But Zhang Ying is obviously different.
She only invests in the angel round and A round of the Magic City Incubator. Outside projects basically start with B round.
And her investment options are broader.
There are investments in catering, the Internet, and real estate.
The total quota of US$500 million is still sufficient when taking over the original assets of Fund No. 3.
After reading the report, Xu Liang was generally satisfied with the performance of Fund No. 3 in the first half of the year.
Longfor Real Estate and NVC Lighting, which Zhang Ying leads in investing, are developing well.
The former invested US$20 million and got 10% of the shares.
The latter invested US$18 million and obtained 40% of the shares.
The name Longfor Real Estate is no stranger to him. The farce of NVC Lighting was often mentioned in circles in his previous life, but that was many years later.
NVC Lighting is now a high-spirited lighting leader in China, with a market value exceeding 25 billion Chinese dollars at its peak.
However, I need to inquire about the appendices at the back of the report.
Picked up the phone and dialed.
“Mr. Kungfu' fast food? ”
"Yes, Mr. Xu."
"Tell me your reasons?"
"There are two main reasons.
First, at the beginning of this year, the two seed presidents Manager Cai Dabiao spent 4 million yuan to find marketing master Ye Maozhong and asked him to plan the brand image for Shuangseed.
The latter quoted the image of Mr. Li Xiaolong as the trademark and changed the name from Shuangseed to 'True Kung Fu'. br>
In this process, Zhen Kung Fu did not obtain authorization from Li Xiaolong’s descendants.
This exposes the short-sightedness of corporate leaders and also lays hidden dangers for corporate development.
The second reason is also the main reason why I want to give up real kung fu: it is very familial and the rights and responsibilities are not clear. ”
In 1994, Cai Dabiao and his wife Pan Minfeng were having trouble running a hardware store, so they turned to join Pan Yuhai, his brother-in-law who opened a small restaurant.
They spent 40,000 yuan from their savings to join their brother-in-law at the time. The name of the "168 Dessert House" was changed to "168 Steamed Products Store"
The business became more and more prosperous, and Cai Dabiao came up with the idea of opening a Chinese restaurant chain using McDonald's "central kitchen + standard dishes" model.
In 1997, the "computer programmable steam cabinet" was successfully developed.
The advancement of technology provided assistance for the realization of his ideas. Taking this as an opportunity, in the same year, all "168" fast food restaurants were renamed "Double Seeds" fast food restaurants.
The meaning of "double seeds" is obvious. Chef Pan Yuhai and "smart star" Cai Dabiao, the business is naturally booming.
At that time, the two families were as close as one family. They agreed that Pan Yuhai would serve as the chairman and president of Double Seed Company. Pan Yuhai would hold 50% of the shares, and Cai Dabiao and his wife Pan Minfeng would hold the other 50%.
In 2003, Cai Dabiao and Pan Yuhai had a dispute because they had different ideas about the company's operation and management. Finally, through the mediation of Pan Minfeng and Xu Xin, they verbally agreed that the position of chairman would be changed every five years and they would take turns. .
"Mr. Xu, you are a business genius. I believe you must be very clear about how harmful this practice of dividing pork and mixing mud is to the future of the company.
I am sure now, It won't be long before the power struggle between Cai Dabiao and Pan Yuhai breaks out.
And the better the real kung fu develops, the sooner this day will come."
Xu Liang nodded slightly. Of course he knows the future outcome of real kung fu.
In the long run, this target can make money, but its growth is limited. "I agree with you in principle, but 'True Kung Fu' is not currently on the market. If you want to change hands, you can only sell it to other private investors."
"Mr. Xu, Xu Xin from Hanhua After leaving, we have established a venture capital institution, Today Capital, and we can sell her 15% of the shares of True Kung Fu.
I believe she will be very interested. ”
After Xu Liang thought about it briefly, "Okay, I agree. But don't sell it this year. Wait until 2006 before selling."
"2006? Mr. Xu, is it too late?"
"Haha, don't worry. All conflicts need a breaking point.
The chairman rotates every five years. This The rotation period is the final point of conflict, because no one is willing to give up after taking control of the power. Therefore, before 2008, the development of real kung fu will be relatively stable.
However, conflicts are gradual and will most likely become increasingly intense in 2007
Other venture capital institutions are not fools, and they can also see the internal contradictions of real Kung Fu.
So, we cannot wait until 2007 when the situation starts to get out of control to change hands.
Taken together, 2006 is the most suitable opportunity to not only enjoy the dividends of real kung fu development but also get off the train in time. "
Zhang Ying pondered for a moment, and she also felt that Xu Liang's words made sense.
"Mr. Xu, what if the Zhen Kung Fu brand problem breaks out, or their conflicts break out early? ”
"We are venture capital investors, which are high-risk and high-yield. Since we chose to sell in 2006, we have to bear the intermediate risks."
"Okay, I understand."
< br>After chatting for a few words, Xu Liang hung up the phone.
After getting up and stretching, he looked at the somewhat empty study room.
“Although there is less, it’s time to fill it up.”
There are three buildings in Lilac Garden.
Building No. 1 has a usable area of nearly 300 square meters, with three bedrooms on the lower floor, plus a dining room, living room, kitchen, storage room and servant's room; there are three main rooms on the second floor, with a large protruding balcony in the middle. Inside is the bedroom, with a small study room, reception room, etc. next to it; it is where he lives.
Building No. 3 is the library ‘Wangyun Thatched Cottage’.
After the house was passed to Li Jingmai, he placed many Chinese and foreign items from the royal family in the Qing Dynasty here.
There are both ancestor portraits and Western paintings on the walls.
The most impressive thing is that the carpet upon entering is a huge white tiger skin.
After Li Jingmai passed away, his son Li Guochao donated the entire collection of more than 10,000 books to the Aurora University Library before going abroad, including military books, local chronicles, chronology, manuscripts of "Yuanrou Complete Book", etc., as well as "The Complete Works of Duke Li Wenzhong".
Aurora University attaches great importance to it and has set up a special room, specially customized many tall bookcases with carvings, and has set up a special room for display, which is called "Li's Library".
After Xu Liang took over, nothing was left in Building 3. The roof even leaked due to lack of maintenance.
After comprehensive renovation, it became his study, reception room and painting studio.
Building No. 2 was newly built after liberation. It is a small red and white English-style garden villa, hidden among lush flowers and trees. It is quiet and elegant, exuding an aura of worldliness.
After Xu Liang took over, he turned this place into a guest room. The bodyguards around him, as well as the bodyguards, servants, and gardeners responsible for the security of the manor all lived here.
The closed iron doors slowly opened to both sides, and the black Mercedes-Benz sedan drove in along the smooth garden road.
The huge camphor comes oncoming.
After going around, a huge manor appeared in front of us.
"I didn't expect there to be a place like this in the Magic City?"
The secretary's exclamation also represented Zhang Rujing's thoughts at the moment.
But considering Xu Liang’s status, this quiet and luxurious manor seemed ordinary.
The car stopped.
Xu Liang, who was waiting in front of Building 3, greeted him with a smile.
"Mr. Zhang, a warm welcome."
"Mr. Xu, you are very polite. It is also an honor for me to receive your invitation and pay my respects to the famous Lilac Villa."
"Please ."
"Please."
The two came to the reception room in Building 3, and the guests and hosts took their seats.
The servant served tea and left.
“I admire Mr. Zhang’s patriotism in founding SMIC. Without your pioneering efforts, China’s chip industry would not be as big as it is now.”
“Mr. Xu’s award. Now, SMIC’s success is not only due to me, but also to all SMIC employees. The most important thing is the support from above.”
Xu Liang smiled slightly, “I also want to contribute. I will do my part to develop the chip industry in China, but I have no experience in making chips. After thinking about it, I still plan to cooperate with Mr. Zhang.”
Waved his hand.
Lu Hui took out a piece of information and placed it in front of Zhang Rujing.
"This is the information on the patents and processes of the international chip giant Hynix on the 90-nanometer CPU chip."
Zhang Rujing was shocked and started to read it quickly.
Seeing him like this, Xu Liang, who had already expected it, didn't bother him. He picked up the teacup and poured himself a drink.
After a long time, Zhang Rujing put down the information, feeling a little complicated.
China's chip industry has developed very slowly. From 2000 to now, they have only just mastered the entire 130-nanometer process and have just started mass production.
90nm is a mature technology in the world's mainstream chip factories, and the next-generation 65nm process technology of top chip factories, such as TSMC and Intel, is almost mature.
(End of this chapter)