However, no matter how much money should be invested in industry, Liu Ruoyi will not lose a penny. In terms of the ruthlessness of burning money, Liu Ruoyi has caught up with the original time and space that will only appear in ten years, the group of Internet companies that rely on their dreams to live and burn money.

Now Liu Ruoyi's big money-burning companies, whether it is AMS or Zhongxin International, the two giant gold-swallowing beasts, or Sun Mobile Computing and PCCW, which also need to be helped to get on the horse and take a ride.

When it comes to burning money, Liu Ruoyi basically has no upper limit or upper limit, as long as it depends on whether there is demand and necessity.

This kind of burning money regardless of the cost is simply a disaster for competitors, resulting in Liu Ruoyi's no matter what kind of company it is, whether it is obviously labeled as the Liu family or not, it is now showing an unstoppable trend.

Of course, Liu Ruoyi is not burning money indiscriminately, she knows very well that there is no strategic mistake in the direction of these companies now, and there will be no major deviation in the future prospects.

Burning money today is for tomorrow's great rewards.

As a capital predator dominated by business thinking, Liu Ruoyi's starting point is whether it will return in the long run, so as to keep her career in a positive cycle.

From the current point of view, except for the emergence of extremely special scenarios, from the normal business scene, there is no force that can stop the development of Liu Ruoyi's enterprises.

After ten years of development, Liu Ruoyi has woven a rather complex investment system in Asia, Europe and the United States.

By setting up an intertwined offshore investment company and many entities in Europe and the United States, Liu Ruoyi has bound AMS and Yongxiang Bank to a large number of private capital investment companies and listed companies, which is equivalent to using the strength of all parties to weave a strong protective moat and successfully hide behind.

West Coast Capital, Liu Ruoyi is just sending her younger brother in now.

AMS, on the other hand, did not even have management, the CEO was an Oriental, and the vice president was a European and an American.

Only Liu Ruoyi of Zhongxin International served as the chairman of the board of directors of Xiangjiang Company, and supported Zhang Rujin's work as the Dinghai Shenpin, so that Zhang Rujin could lift the constraints and let go of his work whether he was in Xiangjiang or the mainland.

Even if the capital increase of the mainland fund has increased the equity of the mainland Zhongxin International, Liu Ruoyi is still more effective than anyone else, because the source of technology transfer is now controlled by the Xiangjiang Dragon Factory.

The current Xiangjiang Dragon Factory is not the little brother of the semiconductor foundry with one or two production lines, but a high-end process foundry giant with Xiangjiang, as well as three sub-bases of Baodao, Toyo and Saxony factories, and is competing for high-end semiconductor foundry business for TMS and SS companies in Europe and the United States.

Now Liu Ruoyi directly intervenes in it, who dares to despise it.

This pattern leads to a dominant family, so that there will be almost no high-level infighting within Zhongxin International in this time and space, so that Zhang Rujin can make a decision and devote himself to doing the right thing with his whole body and mind, whether it is to recruit talents or compete for large customers.

All these things created by Liu Ruoyi seem to be the best arrangement, so that in just a few years, a whole large piece of semiconductor distribution will be turned upside down!

And even if these terrifying powers that have surfaced now, they will always only be part of the power in Liu Ruoyi's hands.

Because even in the mainland, in addition to Zhongxin International, Yongxiang Bank, and Aurora, the three huge business groups have become Liu Ruoyi's bright cards.

Over the years, Liu Ruoyi has relied on the tens of billions of yuan earned by brushing a wave of stock market bull market, and most of the cash flow has gone through various channels, and finally turned into hundreds of high-end office buildings in mature areas of first- and second-tier cities that have been quietly pocketed.

Nowadays, with the continuous appreciation of real estate, the market value of the assets bought at the beginning of tens of billions of yuan has already become a huge high-quality asset of more than 300 billion yuan, and judging from the current development of real estate in the mainland, it will continue to rise in the future.

It's just that these assets are very deeply hidden, not the people around Liu Ruoyi, if you want to peel back the cocoon and find the real owner behind the scenes, you need to spend a lot of energy to find out the intricate related party transactions before you can get a glimpse of the tip of the iceberg.

However, now who knows that these are the acquisitions that Liu Ruoyi is behind the scenes?

Therefore, until these funds are actually turned into cash and start flowing, no one will think that the landmark buildings in the first- and second-tier cities in the mainland are actually the high-quality assets of the mainland joint ventures controlled by offshore companies in Liu Ruoyi's hands.

Just like those giant crocodiles in Europe and the United States who hide their wealth and hide in the dark, Liu Ruoyi has also learned not to reveal all his hole cards.

If Zhongxin International, Yongxiang Bank, and Aurora are the three bright cards of Liu Ruoyi's business community, then the mainland's commercial real estate investment, Xiangjiang's cornerstone investment, and the West Coast capital of the United States are Liu Ruo's backhand, in addition to the equity investment in the Internet and IT industry, in addition to the three trump cards of mainland penguins, network gathering and Ahri, the deepest of them are now secretly hidden in Bermuda's offshore investment institutions of several top American-funded companies, and now they have begun to gradually show their edge.

Apple, Google and Amazon, invested in the micro-end stage, and now the total shareholding exceeds 20% of the "small shareholders" exists, and the hidden value of these three companies alone will be trillions of yuan in the future!

No matter how big a blow the company on the surface is, even taking everything she has on the surface can't defeat her, because ten years later, she is still rich and has huge assets that most countries on this planet do not have!

Since its rebirth, there have been several huge financial crises around the world, and each time for Liu Ruoyi has been a golden opportunity for assets to skyrocket, and Liu Ruoyi has no intention of missing it.

Relying on accurate shots, which time is not a big victory to increase the net worth. For Liu Ruoyi, every time she makes money, it is not a problem, but the biggest problem now is how to quietly retreat or disappear after making money.

It is not easy to slowly wash away the traces of massive profits through various channels without attracting the attention of outsiders.

It is precisely because of this that Liu Ruoyi has established the three leading capital operation platforms of Yongxiang, Cornerstone Investment and West Coast Capital, and has silently transferred a large amount of profits and profits through hundreds of investment entities through its trading institutions, investment funds, venture capital funds, etc.

Earning tens of billions of dollars in a single investment is such an obvious thing, Liu Ruoyi will no longer do this.

Rather than paying more fees and labor costs, Liu Ruoyi now basically limits the profit of a single speculative business investment to less than one billion dollars.

This allows for minimal attention and regulation.

Otherwise, tens of billions of dollars in profits can only be obtained by investing tens of billions of dollars, and a single flow of funds of this scale cannot be concealed.

The seemingly unrestricted financial flow is actually secretly monitored and restricted, and it does not usually appear as soon as there is some abnormal movement, which may trigger the reaction of financial supervision.

Especially after 2008, it is difficult for Liu Ruoyi to get such a good opportunity to make money in the United States, not that there will be no crisis in the United States in the future, but it is impossible to be as unscrupulous as before the subprime mortgage crisis under the current supervision.

There will be no better days when a few hundred million dollars can have short positions of up to tens of billions of dollars.

The current supervision allows you to make the ins and outs of every big player's funds show their original shape at any time in minutes.

With no loopholes to exploit, who would dare to expose flaws and fight with the regulators to find death?

Now everything is operated with the support of real money.

...

In the telecom market, with the development of PCCW in Asia, it has gradually entered the bottleneck area, and has become a major local telecom player in Southeast Asia, South Asia and even the Australian market.

...

"We're going to take here!" Liu Ruoyi pointed to the location of North America on the map, and said to Peter Lei, the current CEO of PCCW.

After this period of investigation and research by the business team, Liu Ruoyi's thinking has gradually become clear, pointing out a new international direction for PCCW.

This time, Liu Ruoyi chose to enter the highly competitive North American telecommunications market.

According to the survey data of the business group, although the market is highly competitive, the potential of this market is very high, and the profitability of the top players is very ideal, and the proven marketing methods promoted by PCCW in Asia are also helpful for the development of the mature North American market.

Lei Peter looked at the direction indicated by Liu Ruoyi, as well as a thick report, and knew that the boss had basically made up his mind about this matter.

Peter Ray was not surprised by this result.

PCCW's external expansion is inevitable.

In the Asian market, PCCW has entered the local market, including the Australian market, and PCCW and Lion City Telecom have formed a two-man competition in Asia, and they have entered a relatively quiet period of stalemate with each other.

It's just that Peter Lei looked at the acquisition target Sprint Telecom on the report, and he still had some difficulties.

"Boss, although the market value of Sprint Telecom is not very good, and the market valuation is less than $15 billion, the premium for this kind of acquisition has always been relatively high, and I estimate that it will take at least $20 billion to get it. ”

Peter Ray pondered for a moment and then tactfully expressed his objection.

With PCCW's current profit of more than 10 billion Hong Kong dollars and revenue of about 60 billion Hong Kong dollars, this is a typical snake swallowing elephant annexation, and in recent years, Sprint is a big loss-maker, and the risk of relying solely on PCCW is too great.

"As long as it's worth the price, I think it's OK. Of course, Liu Ruoyi's price for mergers and acquisitions should also consider whether it is worth it.

"But now that Sprint has 56 million North American users on hand, I think they're worth the price. ”

According to Liu Ruoyi's calculations, the investment of Sprint in North America is only less than $360 per user, which is a price for North American users with relatively high consumption. Of course, it is better than the value of 500 Hong Kong dollars to get users in Asia.

"Okay, boss, now we have to think about cash flow, according to our situation, Sprint shareholders should not accept a large proportion of stock exchange and share exchange merger, so PCCW needs to prepare a large amount of cash support for this acquisition. ”

Seeing that the boss had made up his mind, Peter Lei shook his head helplessly, and began to enter the second link, discussing how the funds came from, of course, he knew very well that his boss was definitely not short of this money.

"Even if Yongxiang Bank gives us enough bridge loan financing, on the books, the financial situation of Sprint in the huge loss will probably make PCCW's financial report more ugly in recent years. ”

Peter Ray knows that Sprint's financial situation is now more than $30 billion in annual revenue, but due to its huge capital expenditure, Sprint is still in a huge loss, with a loss of nearly $3 billion in 2011!

Therefore, after the acquisition, there is no doubt that PCCW's financial report will be in a state of loss in an instant! If it is replaced by the parent company of PCCW under normal circumstances, this is simply a disaster, and it will even remind people of the tragic events of Xiao Li Gongzi's period.

"I've thought about it. Liu Ruoyi said calmly to Peter Lei. "This money is not only done by PCCW's own funds, but once we win the Sprint M&A intention, PCCW will immediately launch a round of financing activities to raise this acquisition fund, I have read the Sprint report, if they can raise $7 billion in additional funds, then their capital investment in recent years will not be in the form of loans, so it will become beautiful in financial reporting. ”

I knew that was the result. The corners of Peter Lei's mouth twitched, and he couldn't laugh or cry, what else could he say about this kind of master who threw money at every turn.

If Liu Ruoyi's operation method is followed, there will definitely not be many people involved in this financing market, and this money will naturally be carried through Liu Ruoyi's investment company, which shows that Liu Ruoyi has indeed shown that he is determined to win Sprint.

Of course, Peter Ray also knows that the current Sprint stock price has reached a trough due to annual losses, and the stock price has fluctuated between $3 and $4.

Compared to competitors such as AT&T, the largest operator with more than 100 million users and a market capitalization of more than $100 billion, the price of sprint is indeed very cheap.

From the perspective of competitor stock price comparison, sprint is now suspected of undervaluation, as long as there is money to pull in, make up for the loopholes in sprint 3G network construction, and then lose the burden of acquisition in previous years, the company is also very likely to turn losses into profits, after all, a few years ago sprint's profit was as high as more than 4 billion US dollars!

It's just that this requires a lot of money, and it also runs the risk that PCCW will not adapt to entering the North American market. Although Peter Ray is said to be an international talent who grew up in the UK, he is not familiar with the North American telecommunications market!

But the boss has thought of everything, and of course Peter Lei can only do it.

...

When PCCW made an offer to Sprint and offered $16 billion to acquire a controlling stake in 75% of the shares, the stock price of Sprint rose in response, but PCCW ushered in a voice of voting with its feet, falling directly by 8%!

Of course, this decline can be regarded as saving face for Liu Ruoyi, the financial queen of Xiangjiang, otherwise if it were another person, I am afraid that it would be possible to fall by more than 15%.

In the face of this situation, Liu Ruoyi will certainly not sit idly by, and eat a big sell order through the funds of Cornerstone Investment's side of the disk protection, and at the same time, Liu Ruoyi issued a statement, saying that he has absolute confidence in PCCW, and if there is an institution that continues to throw out large orders, Cornerstone Investment will carry out the disk protection action according to the order.

Relying on this tough approach, PCCW stopped falling after two days of a short fall and began to slowly rise, the mood of retail investors is quite stable, and the confidence of Liu Ruoyi, the financial queen, is obviously much more sufficient than that of Xiao Li Gongzi, after all, the development of PCCW in recent years is obvious to all, and the acquisition of Sprint has also been analyzed by experts that the long-term is a good thing for PCCW.

However, this unstable performance of the market made Liu Ruoyi adjust the source of acquisition funds, originally prepared to raise a large amount of financing to support the acquisition, and has now been divided into two parts from the plan, one is to reduce the financing amount, narrowed to 5 billion US dollars directly in the market, and the other is to raise the remaining funds through PCCW debt borrowing and relying on obtaining long-term preferential loans.

Such a change is tantamount to Liu Ruoyi's determination to express her determination in disguise, and she will not hesitate to infiltrate her funds in the field of telecom operators again.

For the future operation of Sprint, Liu Ruoyi of course has its own plans, and now they rely on the fruit machine, which is a highly homogeneous contract sales method in the North American market, to increase customers, which is too low for Liu Ruoyi.

According to the analysis team, PCCW's unrivaled high, medium and low mobile phones in Asia are the key to opening the North American market with a comprehensive package of multi-customer strategies.

Now, it's just a matter of taking the sprint and it's clear if it's working.

However, even if it doesn't work, it's not a big problem, with AT&T just 100 million users and a net profit of more than $10 billion, the per capita profit of the North American telecom market is much higher than that of the Asian market, which is already a big advantage for the existing sprint user scale.

In fact, most of the losses of sprint in the past few years are the losses caused by the acquisition of NEXTel and the increase in subsidies and marketing expenses related to the launch of iPhones during the expansion process.

In terms of per capita phone bill consumption, Sprint still has a big gap with its two competitors, AT&T and Veriazon, and obviously does not provide enough 3G network services, which is one of the reasons why Sprint is now investing heavily in capital.

Once the 3G network upgrade and optimization is completed, the sprint will definitely return to profitability when the user's ARPU is not far behind. Otherwise, if we return to the more than $4 billion a year profit that Sprint once generated, this acquisition will be the most important step for PCCW to grow into a world-class telecom operator.

After eating Sprint, the number of PCCW users will be close to 200 million, which is a large number that can enter the top ten operators in the world.

This is Liu Ruoyi's confidence and calculation for the acquisition of Sprint.