Chapter 404: Overwhelming
The meeting specifications are okay.
On the busy first day, Fan Liancheng took the opportunity to receive an order from a company that tried to invest hundreds of millions of dollars in his fund.
The initial intention is only, and it is difficult to say whether it can be achieved.
In addition to his busy business, he took time to walk around the attractions in Washington, visited the Lincoln Memorial, and also walked around the symbolic white palace.
This is not part of the itinerary.
Fan Liancheng was invited to talk, it was his own ability, the "team leader" smiled when he learned about it, and only asked what to talk about, but did not say anything else.
After all, Fan Liancheng is not a person in the circle, he is not so particular, if he is replaced by someone else in the team who is so casual, he will inevitably be taught a lesson.
In fact, the official visit was only two days on the 10th and 11th, and he came in a hurry and left in a hurry, during which a well-known "K Street" lobbyist came to ask Fan Liancheng if he was willing to sell his shares in Apple, and it seemed that the BlackRock Group was behind it.
Speaking of this group, also known as the Black Rock Group, is currently the largest listed investment management group in the United States, with more than four trillion US dollars in assets under management worldwide, but Fan Liancheng does not plan to sell, so he decisively rejected the olive branch thrown by the other party, and if he has the opportunity, he plans to increase his holdings, rather than sell Apple shares now.
Judging from the proportion of smartphones in the global mobile phone industry, there is still a broad space for development, and the scale of a mainland market alone is very amazing.
Whether it is Apple, or the Android camp, in his eyes there is no difference between good and bad, only the difference in profits, such as Apple's excellent technology, the return on investment is not as high as rice technology, one has earned several times, one has earned dozens of times, from the perspective of investors, who is good and who is bad at a glance.
Since the eve of the advent of the iPhone4, Fan Liancheng has been deeply involved in the field of smartphones, and so far it can be said that he has occupied a place.
Someone else sent a guest to persuade him to sell Apple shares at a premium.
Fan Liancheng turned around and hired the other party to help lobby Yahoo to sell Alibaba shares, and he felt that it was far more effective for Americans to persuade Americans than for the employees of Las Vegas.
Considering that Yahoo is having a hard time now, with revenue continuing to plummet and its market value falling again and again, coupled with Alibaba's slowing down in turnover growth, Fan Liancheng feels that as long as he is willing to pay for it, he has a little hope.
......
I was hesitant to go to Silicon Valley in person, but in the end I didn't go, for fear of acting too anxious and being seen by the other party in advance.
took the plane back to the airport on the outskirts of Sijiu City, and after meeting with his bodyguards, Fan Liancheng said goodbye and slipped away, called Han Xiaowen, and learned that a new product launch conference was being prepared, knowing that this woman must not take care of herself when she was busy, Fan Liancheng didn't go to her, and went directly to the golf club to rest.
In the blink of an eye, it was July 17th.
I had a brief meeting with a woman named Gulzar, I didn't dare to go to a public place, and afterwards I was given a shopping card for her to buy whatever she wanted.
After settling down on her side, Fan Liancheng returned to the company to continue to be the chairman, and not long after taking over the job, he began to regret it a little, feeling that he was restricted by rules and regulations again, and spent his precious time on too many meaningless social activities.
After several rounds of consultations.
The negotiations lasted from mid-July to early August, and the difficulty was that Yahoo initially quoted 10 billion US dollars, which corresponds to Alibaba's valuation of 100 billion US dollars, which greatly exceeded Fan Liancheng's expectations, so high that there was no way to continue the negotiations, and even Boss Ma expressed surprise, thinking that it would be around 6 billion US dollars at most.
Thinking that he might change his mind, he continued to negotiate without a ride.
During the contact, Yahoo's management was found to be confused, and it is no wonder that the decision-making was confusing, and the stock price fell again and again after losing to the latecomer Google in the lead.
This is bad news, and there is good news.
A shareholder of Tianhong Fund in Inner Mongolia agreed to transfer the equity premium held by Fan Liancheng, accounting for 15.6% of the shares, and the transaction amount was kept secret to the outside world, and the negotiated price was about 1.4 billion yuan.
There are 2.5 million registered users in Yu'e Bao Fund, in fact, the total amount of funds currently managed is not high, and many users just want to be fresh and transfer five or ten yuan, which is not worth mentioning, and no one pays too much attention to it.
In Fan Liancheng's view, the Yu'e Bao project launched by Tianhong Fund and Alipay is equivalent to a convenient and fast "bank" with broad market prospects, so although the other party's price is too high, he still nods in approval.
The scale of the company in Inner Mongolia is average, and it was stimulated by the net profit of more than 100 million, and it agreed to transfer the equity without saying a word, and also did not expect Boss Ma and other shareholders of Tianhong Fund.
You must know that the total funds under management in the current Yu Bao are only about 8 billion yuan, and Fan Liancheng must have the courage to acquire shares at a valuation of nearly 10 billion yuan.
At present, we have suffered a big loss, and we are purely betting on the future.
With hundreds of billions of capital in his hands, while taking charge of Longcheng with a small number of shares, the scale of the private parent company Liancheng International has also grown unprecedentedly.
Fan Liancheng put aside the price and talked about investment, and in the short term, the momentum was like a bamboo, and the Longcheng group engaged in a "whole family bucket in the consumer industry" to drum up investment, and took advantage of the fact that the stock market was at a low ebb, and invested more than 5 billion yuan in more than half a month, interacted closely with a number of securities companies, funds, and institutions, and frantically swept up the goods.
A small team in Fans Holdings, through the "Touching Fish Investment Company" founded by Fan Liancheng earlier, whose name is taken from the idiom "fishing in troubled waters", recently successfully sniped an energy company listed on the Hong Kong Stock Exchange, making a huge profit, about 370 million Hong Kong dollars.
If it weren't for the report from his subordinates, Fan Liancheng almost forgot that he had invested in this company.
Taking the decline in Alibaba Group's growth rate in the third quarter and the inability to list on the Hong Kong Stock Exchange due to the partnership system as a bargaining chip, Fan Liancheng took a big gamble after communicating with all parties, pulling in Ping An Group, Longcheng Group, plus his Fans Holdings, to offer Yahoo 8 billion US dollars.
A hammer deal can be achieved, but it cannot be pulled down.
Valuations are different from cash, no matter how high Alibaba's valuation is, it has little impact on Yahoo's short-term predicament......