The meeting lasted until just over 1 p.m., with Ms. Xu selling 12 businesses for more than $23 billion in cash and more than $8 billion worth of shares.

With these sales, Future Group's valuation will fall to more than $30 billion.

And it is possible that it will decline further, because the business sold by Xu Qing will affect the development of some other businesses that have not been sold.

In the Internet area, Xu Qing plans to let the Future Group hibernate in the past few years.

Although the market value of Internet companies will still rise in recent years, Xu Qing no longer wants to make that money, it is too dazzling.

After the outbreak of the Internet bubble, the Internet will usher in new opportunities for development.

Internet companies such as Google, Amazon, and Facebook, which were famous in time and space, all developed after the Internet bubble.

At that time, Internet technology had advanced greatly, and it could be applied to more and more scenarios, and the number of Internet users around the world was also increasing rapidly.

At that time, the Future Group will start anew and will be able to develop better.

Xu Qing is not worried that the future group will be out of touch with the times after a few years of dormancy, not to mention that he knows the future information.

Future Group is not withdrawing from the Internet industry, and is still doing all things related to the Internet normally.

The dormant Future Group will still be the world's leading Internet company.

It's just that Xu Qing made the expansion of the Future Group a little slower and reduced some business.

Compared to the Future Group before the sale of the business, the dormant Future Group may have a slower pace of development.

But compared to other Internet companies, it is definitely not slow.

Xu Qing also sold some of the businesses of other groups, but not as many as the businesses sold by Future Group, and the valuation of the decline was not very much.

Xu Qing plans to enter some new industries, such as the automotive industry, the retail industry and so on.

These industries have large investment, long return cycles, and relatively large risk of loss, and they do not seem to be as good as the Internet industry.

This is exactly what Xu Qing thought.

Investing in these industries can prevent his net worth from growing like a rocket, and may even shrink his net worth.

Xu Qing may even deliberately lose money in these industries, so as to achieve the purpose of hiding his net worth.

The specific operation is very complicated, Xu Qing and the old man talked about hiding their net worth before.

The old man told him that he seemed to be losing money on the surface, but in fact he was hiding his net worth and not losing money at all.

Jiang is still old and spicy, and when Xu Qing heard this method, he was dumbfounded, there was still this kind of operation.

In fact, from the perspective of knowledge, the old man completely exploded him.

The old man came to the United States with his grandmother, and he was poor and made a net worth of hundreds of millions of dollars, which is very awesome.

Although Xu Qing is now much more than the old man, in terms of the difficulty of making money and the things he has experienced in the process of making money, he is much less than the old man.

Xu Qing's development in recent years can be said to be smooth, although he has experienced things such as Nintendo's ban order and AOL community's fraud.

But none of these things forced Xu Qing to the point of nowhere to go, and it was not very difficult to solve it.

And in the past few years, Xu Qing has been lazy and rarely deals with other forces, and many things are handled by his subordinates, and he only cares about his control over the company's shares.

In this way, how to increase knowledge, insight needs to experience things, communicate with others, and study hard to grow.

Xu Qing has decided to deal with some things personally in the future, his current knowledge and ability are not worthy of his net worth, this should not be.

Xu Qing chose to enter the automotive and retail industries, and also saw that these industries have a large number of employees.

The automotive industry has the highest number of employees in the middle and upper echelons of all industries, much more than in the Internet industry.

The number of employees in Volkswagen is more than 600,000, and Google's is more than 80,000, and the gap between the two is obvious.

More obviously, Volkswagen has a market capitalization of more than $200 billion, and Google has more than $800 billion.

Google's market capitalization is four times that of Volkswagen, but its number of employees is only about one-seventh that of Volkswagen.

Not to mention the retail industry, which has the largest number of employees of any industry.

The largest number of employees in the world is Walmart, the retail industry.

Of course, the number of employees in Internet companies is absolutely small.

Like Amazon, which is in the original space, the number of employees exceeds 500,000.

However, Amazon is not a pure Internet company, Amazon's main business is e-commerce, and it also involves physical retail, and the number of all employees is only so much.

Future Group is now regarded as an Internet company of the same type as Google, which is relatively pure.

Originally, the Future Group owned the Future Mall, and it was possible to achieve as many employees as Amazon.

But now Xu Qing has decided to spin off Future Mall from the Future Group and become a separate company.

Future Mall will no longer be a subsidiary of the Future Group, and the two will be in a horizontal relationship.

Having a large number of employees means that it provides jobs for many employees, and many people's fates are closely tied to your company.

If something happens to your company, a lot of people's lives will change because of it.

Therefore, companies with a large number of employees are generally more resilient to external risks.

Many times, the government also needs to help you solve the risk.

Xu Qing invited the participants to eat at a nearby hotel, and did not engage in any such thing as a drinking party.

The meeting just now was very intense, everyone spent a lot of mental and physical energy, and they were all very hungry, and they couldn't eat enough at the drinking party.

The forces that came to the auction were happy, even though they offered a higher price than the actual value of the business.

But they are confident that these businesses will play a huge role in their hands and make more profits.

The forces that didn't shoot the business were not in a very good mood, and they didn't have to act this time, because they were really in a bad mood.

Xu Qing didn't care whether the participants were happy or sad, he was feasting, and his stomach was also very hungry.

Xu Qing's mood is still very happy, he can do a lot of things with the cash he gets from auctioning off those businesses.

After lunch, Xu Qing sent the participants away, and then Xu Qing returned to the villa.

Sophia asked Xu Qing what the result of today's auction was, and she was very concerned.

A few days ago, she learned that the Ministry of Justice was going to conduct an antitrust investigation into Future Group, and she was very worried.

Xu Qing explained to her and said some things, so Sophia understood that the anti-monopoly investigation was such a thing, and Xu Qing's auction business was to avoid losses.

Xu Qing told Sophia about the auction results, and the total value of those businesses was much higher than expected, and Sophia was in a good mood.

Sophia asked Xu Qing again, will TH Group be investigated by anti-monopoly in the future?

In Xu Qing's planning, TH Group and Future Group are similar.

Since Future Group has been investigated by anti-monopoly, it is also very likely that TH Group will be in the future.

Xu Qing said with a smile that it would take at least many years for TH Group to develop into the current scale of Future Group.

Even if the scale of the TH Group at that time reached the scale of the current Future Group, it was not the Ministry of Justice that would have done anti-monopoly if it wanted to do so.