At this moment, in Jiangzhou City, Dahua Fund Company, Xu Jinlin looked at the recent industry analysis data, and the mood was not very good.

Since the company began to transform into Internet investment, although the performance is still passable, it is lagging behind compared with its brother companies in the same industry.

Due to the particularity of Internet investment, a number of small and medium-sized investment fund companies have suddenly risen and achieved a good momentum of development. Although the growth prospects of UOB Fund are not optimistic, although it is still the first in the industry, but in the Internet field, in addition to investing in Baibao Group to make huge profits, most of the remaining projects are in a state of loss, and some projects have even gone bankrupt.

In this case, relying only on the share appreciation of Baibao Group cannot maintain the company's industry growth, especially to maintain the dominance in the country, for Xu Jinlin, the pressure is increasing.

He looked at the industry analysis data, among which the pioneer fund companies associated with Li Feng, the current total growth is rapid, especially their overseas business, has made great progress, if according to optimistic estimates, the pioneer fund's investment in the American market has obtained a valuation of nearly 300 million US dollars, and the equity obtained by their investment is still rising sharply, I am afraid that it will not take a few months, breaking 400 million or even 500 million US dollars.

In addition, they have also begun to lay out in the domestic market, and have invested in nearly 100 Internet projects, all of which have been successfully incubated without exception and have entered a period of rapid growth.

Such an astonishing performance really shocked Xu Jinlin, because according to the general investment rules, the probability of failure of venture capital is very high, especially in the unpredictable Internet field, sometimes even as high as 90%, that is, if you invest in ten projects, it is possible that the money of nine projects has been wasted, and only one project has survived.

Under such circumstances, it is a miracle that none of the projects invested by Vanguard Fund have failed.

This also made Xu Jinlin feel a chill down his spine, because according to this growth rate, the growth rate of the pioneer fund is not percentage, but geometric, and it may not be long before they can easily reach the throne of the first fund in China.

If this happens, it will be a huge humiliation for Xu Jinlin, who has been deeply involved in the industry for more than ten years, and the senior CEOs of other major fund companies.

So Xu Jinlin immediately called Fred to discuss the next step with him.

"Recently, the investment world has changed rapidly, and the performance growth rate of our UOB Fund has slowed down, and it is currently only ranked 13th, which is very unfavorable for us. Xu Jinlin's face was not very good-looking.

Fred took the market analysis report, looked at it carefully, and said: "The situation is really not ideal, I have spent almost $100 million during this time, and the overall return is about 15%, the data looks good, but compared with other funds in the industry, there is still a certain gap." It's just that I didn't expect that the performance growth rate of the No. 1 pioneer fund company in the past month has reached 372%, which is simply against the sky, and in the entire industry, I have never heard of a similar growth rate, even if it is close to it. ”

Both of them frowned, because the performance growth rate of the Pioneer Fund is unimaginable, more than three times in a month, this is no longer a rocket, it is simply an alien spaceship.

This kind of speed, looking at the world, has never appeared in any industry, even if it is because the total scale of the Pioneer Fund is small, so the promotion ratio is high, but it is not so high, so when Xu Jinlin just saw this report, he thought that his subordinates had miscalculated the numbers.

Later, it was verified that the numbers were indeed not biased, and there was even a possibility that they had a trough, which made Xu Jinlin feel a great shock.

He has been in the investment world for 20 years, but there has never been such a situation, even if he wins the lottery, it is impossible to get such a growth rate, which is really indescribable by common sense.

If the Vanguard Fund continues to grow at this rate, it will be able to dominate dominantly at home within a year, and even be difficult to match internationally.

"Mr. Xu doesn't have to worry too much, our investment has been relatively stable, even if there is not much growth, but the yield is still maintained at the upper level of the industry, I don't believe that the pioneer fund can maintain such a growth rate, and their growth, most of them come from the sudden outbreak of some of the projects, it is also considered a luck component, if these projects are eliminated, their average rate of return, will remain around 20%, is a normal level. So I guess that their luck component is relatively large, and they are betting on the right treasure, but people can't always be lucky, and they always have bad luck. Fred said.

Fred's words made Xu Jinlin feel a little relieved, after being the industry boss for so many years, in just a few months, he was surpassed by a little-known novice, which was really shameless, and let him mix in the industry.

"I hope they are out of shit luck, but we also have to continue to increase investment, and I will continue to arrange one to two hundred million funds, as for you, when will you ask for a second payment from your rich man Leoport?" Xu Jinlin said.

"After all the $100 million is invested, the second money will arrive immediately, you don't have to worry about this, Riopo's unique thing is money, and this money is trivial for him. What we need to do now is to build the ecological chain of the Chinese Internet market, and then connect with the international market through the platform of Baibao Group. I think the approach of Vanguard Fund is very clever, and they have achieved far more returns than the Chinese market by investing in the American market, after all, the current American market is the leader in the international Internet field, and the industry is also the most mature. Fred analyzed.

"It's no longer enough to let a few projects go it alone at the current stage of development, we must build a complete ecosystem, and then get a higher growth rate through the international market. Xu Jinlin said.

In fact, he does not have a deep study of the Internet field, and he does not know where the growth potential of this field is, and now he has broken into this field, in fact, many times he still has to rely on Fred, after all, Fred is young, and he also has a certain amount of research on the Internet industry, and his backer Rio Porter himself is the head of a large Internet international company.