Chapter 437: The Power of Capital

Chen Jian, a bard-like businessman. Pen @ fun @ pavilion wWw. biqUgE。 info

He is a good businessman, with many characteristics of Jianghuai businessmen, exquisite, trustworthy, steady, flexible, business is both big and wide, as long as the business is profitable, he is willing to do a deal, and Huang Xinzhou back then, Chen Anbang was the same as before.

Time is always changing a person.

At the beginning of the beginning, he inherited Jiangtai Group, and in the position of chairman of Jiangtai Group, after more than ten years of ups and downs in the business world, Chen Jian has become more and more low-key and introverted, and he is not shocked by honor and disgrace.

In the past ten years, Chen Jian has been like a mysterious rich man who has disappeared, and has never accepted any media interviews, even though his Jiangtai Real Estate and Yintai Land are among the top ten real estate companies in China.

Jiangtai Group's hotel business is among the top three in the world, and its logistics, water and sewage treatment, waste treatment power plant, and pollution control business are the first in the country, and it has extensive investments in ports and shipping, private equity, insurance, water and electricity, retail, and sports apparel.

After the transformation of Fuxin Group into a pure international bank, Jiangtai Group and Sunshine Group have become the only two comprehensive first-class industrial groups within the Huayin Consortium, and their characteristics are basically the same as those of Cheung Kong and Hutchison Whampoa.

Chen Jian and Xing Huiyun, the leaders of the two comprehensive industrial groups, are also second-generation businessmen of the Jiangtai family, and they all belong to the typical new generation of Jianghuai businessmen, and they have great similarities with the generation of Huang Xinzhou, Chen Yongnian, and Xing Libin.

Just as Xu Teng can be very willful at times.

Chen Jian sometimes makes some irrational investments, for example, his investment in the garment industry is completely out of personal interest, whether it is the acquisition of Umbro or the investment in Jeanswest, it belongs to the feelings of his youth.

Pure death.

He has also made several investments in this area, such as investing in Under Armour, which was based on a commitment to help the other party explore the Chinese and Asian markets, and invested $130 million at a low price, an average of $7 per share, before going public, and then sold it to another Korean investor at a price of $95 per share after a few years.

This brand sells very well in the United States and South Korea, and it is a very high-end sports brand, and it plays professional and fitness.

On the one hand, he sold Under Armour's shares, and on the other hand, Chen Jian continued to invest the cash-out profits in Umbro, which he had held for 7 years, and continued to sponsor the England and Wales national teams and China's three major national teams.

Rich, capricious, play is feelings, play is spending money like running water, play is feeling.

In 2001, Xu Teng, Chen Jian, and Liu Junsheng joined the volleyball team of Yangtze University, and the three of them went to Huangpu Road to buy sneakers.

In 2008, Chen Jian used Tengjian Technology Company to compete with Nike, and finally bought Umbro at an offer of 350 million US dollars, and in 7 years, he injected capital three times in a row, with a total investment of more than 1.4 billion US dollars, and did not make many waves.

Facts have proved that feelings cannot be eaten.

This kind of business is not big or small, and Umbro's investment at least has not been lost, and Xu Teng has never been too lazy to ask.

As for the consortium's decision to acquire Shengteng Group, Chen Jian was actually not satisfied, and the targets he really wanted to merge were Starwood Group and Kempinski Hotel Group, because it was profitable, and he also had too many merger and acquisition negotiations with the two international hotel groups.

It's just that for the entire consortium, the board level attaches more importance to the other assets and businesses of the American Shengteng Group, and in the end, Li Daxiao, the full-time vice chairman, stepped forward to ask Chen Jian to give up the merger and acquisition negotiations with Starwood Group and obey the decision-making of the board of directors.

Even though the agreement to merge and acquire Shengteng Group will be officially signed in the next few days, Chen Jian still insists on his ideas.

No one wants to be a vassal.

Jian Chen is no exception.

Jiangtai Group is one of the two comprehensive holding investment groups within the Huayin Consortium, and the bad thing is that it is miscellaneous, except for the four major industries of real estate, hotel, logistics and water affairs, the rest are basically miscellaneous in nature.

Chen Jian has always had his own ideas, but considering the interests of the entire consortium, he can't implement them all according to his own ideas.

As for Chen Jian's ideas, Xu Teng is naturally very clear, how to say it, both support and not too much support, because Chen Jian's long-term vision for Jiangtai Group may break the framework system of the entire consortium.

"Jiangtai" has a very special meaning for the entire Jiangtai business circle and the Xu family, which is the brand and heritage left by Huang Xinzhou, and it has a very heavy meaning for Chen Jian, involving his birth and his life.

After 2010, in the past few years, Chen Jian felt more and more that he should choose a breakthrough, overthrow the framework left by Huang Xinzhou, and build his own business empire.

Life is like this, everyone's idea of life will always change with the change of vision, mentality, and ability.

Chen Jian's idea is to use "Hyatt Capital", a subsidiary of Jiangtai Group, as the new center to establish a more international and well-known Hyatt Group that transcends the framework of the entire Jiangtai Group.

In the past ten years, with the support of the entire Huayin consortium, Hyatt has become one of the world's top international hotel chain companies, leading the Chinese market, with a five-star luxury "Park Hyatt Hotel" in the top 20 first-tier cities in the country, a five-star business-level "Hyatt Hotel" in 283 prefecture-level cities across the country, and a five-star standard "Grand Hyatt Hotel" at the county level.

In the European market, Hyatt's market share is second only to Accor, and in the United States, it is on a par with Starwood, Marriott, and Hilton.

During the ten years that Chen Jian presided over the hotel business of the Huayin Consortium, one of the biggest changes in the Hyatt hotel system was the downward movement of the Grand Hyatt brand, the upward movement of the Hyatt brand, and he upgraded some of the Grand Hyatt hotels to the new Park Hyatt, some to the Hyatt Regency hotels, and then upgraded the Hyatt Place hotels to the new Grand Hyatt.

The reason why Chen Jian wants to do this and swap the brand positioning of "Hyatt" and "Grand Hyatt" is to strengthen the ultra-high-end brand image of "Hyatt" in the global consumer market, which is conducive to the marketing and promotion of Banyan Tree, Huating Golden Jubilee, Huating, Hanting and Sunshine Hotel under the Hyatt hotel chain.

According to Jian Chen's conception.

The new Hyatt Group consists of four core companies: Hyatt Capital, Hyatt Hotels, Jiangtai Group and Yintai Holdings.

Hyatt Capital is the core business, responsible for diversified private equity investment and closed-end fund wealth management business, Hyatt Regency is responsible for hotel, tourism and resort business, Jiangtai Group is responsible for water affairs, environmental protection and logistics, and Yintai Holdings is responsible for comprehensive development of commercial real estate.

His idea is a bit of a "if it is not broken, it will not stand", and he wants to break free from the shackles of life brought to him by "Jiangtai", and at the same time achieve a leap forward, upgrading from a traditional investment enterprise to a capital management enterprise.

Xu Teng is more reserved about this, in Xu Teng's opinion, this is a completely unnecessary demon, it doesn't matter if you are bound or not, just open it yourself.

Of course, "Hyatt" itself is indeed a very international brand, as a brand standard with high-end business five-star hotels as the main body, "Hyatt" has a natural high-end image.

What name a group company chooses is indeed a very particular matter.

"Hua Teng", this company logo and brand was originally founded by Malaysian Chinese businessmen in the early 90s of the last century, and it was only a paper company at the beginning.

Xu Teng purely liked the name and connotation, so he chose to be the parent company of Huayin Consortium, and the original paper industry had already been sold to Vinda Paper Group.

Chen Jian flew from Jiangzhou to New York, saying that he had come to attend the signing ceremony of the Huayin Consortium's acquisition of Shengteng Group, but in fact, he was here to make a last-ditch effort to prevent the matter and persuade Xu Teng to support his acquisition of Starwood Group instead of Shengteng Group.

The hotel assets of the Shengteng Group are very messy, with dozens of brands, except for Wyndham and Ramada, the others belong to the express chain and motel brands, and after the merger, just reorganizing these chaotic brands and operating systems will consume all of Chen Jian's energy, which is really not the result of Chen Jian's happiness.

Chen Jian also knows very well in his heart that the Huayin Consortium does not care about the hotel assets of Shengteng Group at all, but wants the real estate agency chain and car rental chain industry of Shengteng Group.

The mechanism of the Huayin Consortium is very special, everything has advantages and disadvantages, and the advantage is that it can expand rapidly, perform its own duties, and ensure the healthy operation and independence of the industrial groups under the consortium.

The disadvantage is also this independence.

As long as he is a joint partner and has objections to the decision-making of the entire consortium council, Xu Teng has to communicate patiently with the other party, not to mention that this person is Chen Jian.

Xu Teng had to listen to Chen Jian's analysis more patiently and discuss with him, and the two kept talking about more than two o'clock in the morning.

Miss Elizabeth Holmes also did not sleep, and accompanied the two of them to discuss.

At last.

Xu Teng could only make a compromise and divided the Shengteng Group into two parts, one is the Shengteng Group and the Super 8 hotel chain and the Ramada hotel chain, and the other is the Wyndham Hotel Group, he won the former and left the latter to the American shareholders.

The former still needs to be handled by Chen Jian, integrated with the domestic car rental and real estate agency business of Jiangtai Group, and then merged into Zhongqu Group or Amazon after the integration is completed, so as to realize the great transformation of e-commerce.

One of the main means of profit for the Huayin consortium in recent years has been to acquire international traditional industries, transform and upgrade them into technology assets, and then cash out profits through the international stock market and investment institutions on Wall Street and the City of London.

So, this business is a must-do.

Xu Teng's promise is very simple, as long as Chen Jian can handle this matter well, let the consortium get the planned value-added space, and earn the billions of dollars, he will support Chen Jian's acquisition of Starwood Group.

Starwood owns St. Regis, The Luxury Collection, Sheraton, Westin, Four Points, Aloft and Le Méridien, while Hyatt Hotels Group owns Park Hyatt, Grand Hyatt, Hyatt, MGM, Banyan Tree, Grand Jubilee, Grand Residence, Hanting and Sunshine Hotel.

Chen Jian has been in contact with Starwood's board of directors for several years, and once the merger is complete, he is ready to restructure according to his own plan, eliminating some of the overlapping brands of the two companies, and making more money at a lower cost.

According to his plan, in the hotel industry under the entire Huayin consortium, Park Hyatt, St. Regis and MGM are positioned as luxury hotels, Park Hyatt emphasizes multiculturalism and more inclusive style, which changes according to the local market, St. Regis emphasizes European and American classical romanticism, and MGM is a luxury-level entertainment resort.

Hyatt, Sheraton, and Banyan Tree belong to the five-star business class, Hyatt emphasizes diversification, Sheraton is more modern business style, and Banyan Tree is Ming and Qing Dynasty decoration style, providing services with Asian cultural characteristics.

Grand Hyatt and Westin belong to the five-star standard level, emphasizing the five-star cost-effective five-star, which mainly meets the standards of enterprises and travel agencies.

Aloft belongs to the mid-to-high-end four-star boutique level, Huating Golden Jubilee belongs to the three-star boutique class of mid-end business, and Huating, Hanting and Sunshine Hotel belong to the economical express hotel chain brands.

After so many years of hotel business, Chen Jian has a deep understanding that whether it is the domestic market or the international market, it is either high-end or low-end, and the efficiency and occupancy rate of the middle range are the worst.

Therefore, he has no interest in the more than a dozen chain brand hotels with mid-scale mid-scale positioning under the American Shengteng Group, and only wants the mid-to-high-end positioning of Ramada and the economical Super 8.

He wants to use Ramada to make up for the gap in the four-star business market between Aloft and Huating Golden Jubilee, adopt the dual-brand strategy of Aloft and Ramada to compete for the upper-mid-scale hotel market at home and abroad, and then use Super8 to make up for the market disadvantage in overseas economy hotels.

Jian Chen's intention is very obvious, that is, to be the world's No. 1 international hotel giant, as for how much profit can be made, it is second, after all, this industry also belongs to the over-competitive sunset industry.

Here in Xu Teng, Chen Jian can only say that he tries his best to ensure that he has a higher degree of customer stability than other international hotel groups, tries to ensure the stability of profits every year, and tries to ensure that in this wave of integration of the international hotel industry, he integrates others, not others integrate him.

As a co-partner in charge of the hotel industry within the Huayin Consortium, Chen Jian has planned to this extent, and when it comes to this point, what else can Xu Teng say?

By the end of the night's conversation, it was past 2 a.m.

Xu Teng thought for a long time in the study room of the hotel alone, recalling a lot of things, although Chen Jian's insistence on his own views has created many more complex problems for the entire consortium, but it is still worth Xu Teng's happiness and happiness.

In business, if you can be so sophisticated, you will generally not suffer losses, and you will not make mistakes easily.

A few days later.

After several days of negotiations, Xu Teng and the Sulzberg family reached a final agreement to acquire the New York Times at a public price of $2.7 billion from Shenzhou Media SMG Group.

Huateng will transfer some property assets to the Suzberg family's overseas trust fund at a low price in China, through a third party.

It's just helping the other party evade taxes.

If the deal is really made at $3.5 billion, according to the current tax policy of the Obma government, the Sulzberg family will have to start at $450 million in income tax alone.

All of them were calculated, Xu Teng actually spent $3.24 billion.

After the official announcement of the merger and acquisition, even the price of $2.7 billion shocked both domestic and foreign.

The United States was shocked, from the White House to the American media and the public, and it seemed that it was difficult to accept the sale of the New York Times to foreign capitalists, even if the other party was The-ShunFamliy, who could not refuse at all.

China was even more shocked, until this moment, many people found out that the New York Times Company is a listed company, and its market value has been stable at $2 billion.

Interestingly, none of the mainstream media in the United States is willing to openly question the fairness of the reporting of the New York Times by the Huayin Consortium, and most of the media have basically the same opinion, except that it is estimated that the New York Times will enter the Internet more quickly with the assistance of the Huayin Consortium in the future, and may even gradually abolish the traditional paper distribution.

The market size of China Media SMG Group in the United States is very large, whether it is movies and TV series, or actual influence, it can be called a real giant.

Ten days later.

Chicago Press Group has finally completed negotiations to acquire Dow Jones & Company and The Wall Street Journal, signing the definitive agreement.

With the fall of the New York Times and the Wall Street Journal, the era of the American newspaper industry came to an end, and this was a real "end of history".

Of the five major newspaper groups in the traditional sense of the United States, only the Chicago newspaper group and the Gannett newspaper group can still support the development of the traditional newspaper industry, and the Hearst newspaper group, the Newhouse newspaper group, and the Scripps-Howard newspaper group have all given up the traditional newspaper industry.

The most important newspapers and professional news websites in the United States are also currently owned by the Chicago newspaper group.

This is the power of capital.

Xu Teng once again silently proved that it is still very important to have money, and only with money can you control everything you want to control, of course, even if you have money, you must learn how to use the power of money.

All the preparations have been completed.

On the evening when the Chicago Press Group announced its acquisition of the Wall Street Journal, all the organizers of the "Wall Street Information Company" quietly gathered in the Cloud Club on the 75th floor of the Chrysler Building, in Xu Teng's office, to discuss the next step in the official launch of the new company.

Xu Teng, Carl Icahn, Bill Gates, Jeff Bezos, Warren Buffett, Eric Schmidt, David Koch, Brian Robots, Elizabeth Holmes, Murdoch and his son James Murdoch!

This is an extremely magnificent lineup.

As always, Xu Teng does not intend to control all the shares of "Wall Street Information Company", and sharing talents brings more wealth, which is his most important business experience.

The-ShunFamliy holds 25% of the shares in a concealed and dispersed manner, and the total shareholding plan of Huateng Company and Shenzhou Media SMG Group remains unchanged, and the shareholding ratios of other companies can be negotiated.

This is Xu Teng's business, even without these people, he can do it very beautifully, but if he wants to overthrow Bloomberg, I'm afraid it won't be very easy.

The core assets of this Wall Street Information Company are United News Agency, the Wall Street Journal and Dow Jones & Co., the Financial Times and the London Stock Index, as well as ChinaAMC, which means that the core indices of the three major stock markets in China, the United States and Europe will be controlled by Wall Street Information Company.

These core assets are in Xu Teng's hands, and the rest are not even assets such as the New York Times and the Washington Post, which are just icing on the cake.

Exactly because of this.

The whole negotiation process was not difficult, and it took only one hour for the companies and investors to finally negotiate their respective investment ratios and cooperation frameworks, sign a formal investment agreement, and integrate into the new "Wall Street Information Company" based on the Chicago newspaper group.

This will be a god stock in the Nasdaq stock market.

As soon as Remy Martin opens, good things will naturally open - this advertising slogan is really deeply rooted in the hearts of the people!

Xu Teng specially asked Elizabeth Holmes to prepare a few bottles of Rémy Martin Louis XIII, and at this moment, share the wine with every investor present.

This moment is really full of big guys.

At this moment, Xu Teng was also very calm, admiring the joy and passion of the other bigwigs.

It's normal that everyone knows the value of this company.

It is a big data company with a market capitalization of at least $100 billion, and controls the world's most important financial data.

Xu Teng drank a glass of wine very calmly, enjoying the time when victory was about to come in his own office.

"If we can buy Time Warner, that's even better. Brian Robotz was an ill-timed ruffle of the old story and wanted to use the moment to lobby for his Comcast Group acquisition of Time Warner.

"My friend, I'm afraid it's hard to change our opinion, and even if we help together, I'm afraid it's hard to lobby the White House to agree to the acquisition, and you can wait for a Republican president to come to power, but I really don't think it's a good choice. Xu Teng drank Louis XIII on the rocks, enjoying the cold coolness and the mellow aroma of fine wine and cognac, and elegantly teased the chairman of the Comcast Group in front of him.

"Boone, you'd better listen to Shun's advice, I want to buy Time Warner too, but it's really hard to do. "The elder Murdoch certainly doesn't want rival Comcast Group to buy Time Warner.

Today, the people gathered here are the tycoons of the media and information industry.

Carl Icahn holds the Chicago newspaper group through his cooperation with The-ShunFamliy, and the Koch family also indirectly controls the Gannett newspaper group through cooperation with The-ShunFamliy and the Gannett family.

Jeff Bezos' Amazon acquires Yahoo.

Bill Gates and Eric Schmidt represent Microsoft and Google, respectively.

Even Warren Buffett participated in the acquisition of the Chicago newspaper and the Washington Post in advance, and got the ticket to participate in this investment, and the veteran stock god also has enough connections to help "Wall Street Information" compete with Bloomberg.

These things are a good example of how important relationships are even when doing business in the United States.

"We can make a tweak, you can buy Verizon and challenge ATT's supremacy. Xu Teng looked at Brian Robots very calmly, said very casually, and then looked at old Murdoch, "You can also buy ATT!"

Xu Teng has enough strength to say this, because he is part of Wall Street, and he controls AIG, the most powerful integrated financial group on Wall Street, and can also influence Bank of America, Blackstone and Morgan Stanley.

This strength makes him confident and calm, mysterious and calm, and even a little willful and casual.

"Very good business, I can't wait to pull out the checkbook and provide you with the best financing service. Buffett laughed happily, although he has never been in the financial services business, and does not directly compete with Wall Street investment banks for business.

"Gentlemen, this is the worst of times, we have not yet come out of the subprime mortgage crisis of 2007 and run headlong into the current global resource investment bubble crisis, but it is also the best of times. It is only in this moment of crisis that we can go on a merger and acquisition spree to expand our profitability. Xu Teng must still support News Corporation and Comcast Group, because in the overseas TV industry, Shenzhou Media SMG has always been a joint venture with News Group to control Sky Broadcasting, and a joint venture with Comcast Group to control AMC Cable TV and UBN Global Television Network.

If you only talk about ratings, AMC really can't compete with the three major American stations ABC, NBC, and CBS, but AMC has surpassed HBO in the past two years to become the largest cable TV station in the United States, and the revenue scale still exceeds the three major stations.

For Xu Teng, Shenzhou Media SMG Group only needs to maintain the throne of the world's six major media groups, plus the alliance relationship with News Group and Comcast Group, and leverage the right to speak in the world media field together, which is enough.

He doesn't want to learn from Russia and turn today's Russia into a mere official mouthpiece and political tool.

What he needs is media privileges and a net of protection to protect the interests of the entire family and the Huayin consortium.

In fact, as the global video rights income continues to surge, his relationship with Walt Disney, Time Warner, and Viacom is also very good, and no one will say no to him if he has money to make.

Of course, if Comcast Group succeeds in acquiring Verizon and Murdoch News Corp. succeeds in acquiring ATT, it will be a no-brainer for Cisco and other telecommunications equipment manufacturers.

With the two major U.S. telecommunications companies and broadband carriers under these two umbrellas, the Huayin consortium can dominate the telecommunications and network equipment manufacturing business in almost the entire North America through Nortel Networks.

This is the result Xu Teng wants.

All the American business tycoons present are smart people, and of course they can think of why Xu Teng supports Comcast Group and News Corporation.

What a terrible thing it is, he is the JP Morgan of this era!

Even if he knew Xu Teng's ultimate goal, the elder Murdoch obviously had no way to refuse this temptation, if News Corp. could successfully acquire ATT, the hegemon of American telecommunications operations, then he would basically have no regrets in his life.

Brian Robotz is a little regretful and a little dissatisfied, after all, it means that the gap between Comcast and News Corp. is widening.

Xu Teng doesn't care who is satisfied and who is not satisfied, he is the only one here who is a Wall Street tycoon, money never sleeps, and it has always been controlled in the palm of his hand, he said one, these media tycoons can't say two.

That's the value of having a place on Wall Street and in the global media industry.

That's the power of capital!