Tencent Group has a very peculiar company in Silicon Valley, which is Blizzard Entertainment, and Xu Teng went to Blizzard on the second day of his business trip to the United States. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

After several days of repeated discussions with Elizabeth Holmes, Xu Teng finally finalized the operation model of the non-profit social organization "American Victory Action Association", and then he deliberately took an afternoon to go to Blizzard again to inspect the North American open beta of "World of Warcraft".

Don't look at Tencent Group's high-level daily entrepreneurship, mass entrepreneurship, and international acquisitions, from e-commerce to tourism, from search to social networking, from portals to classifications, in fact, it is only the world's largest online game service provider.

In the first half of 2004, Tencent Group's domestic and overseas online game business revenue was 1.845 billion yuan, accounting for 26% of Tencent's annual revenue, and the rest of the search, online advertising, and value-added services added up to only 1.43 billion yuan.

Tencent itself is still the fourth largest domestic communication equipment manufacturing company, don't look at the fourth, the revenue in the first half of the year is still 3.7 billion, and Huawei is 15.4 billion scale, but Tencent's gross profit margin in the communications business is low.

Because of the immaturity of technology in the field of WCDMA and CDMA, Tencent can only compete for the GSM business at low prices, grab it from China to Indonesia, and have to grit its teeth and squeeze out all the scientific research funds to fight WCDMA.

Many people say that Xu Teng's net worth is very empty and he is not worthy of being the richest man in China, which is true, Tencent's revenue scale is far less than that of ZTE, but it relies on the concept of online games, search and various online technology industries to maintain a high market value.

So, World of Warcraft is really important.

Xu Teng is counting on "World of Warcraft" to make a comeback next year, and he controls 3/4 of Blizzard Entertainment's shares alive and dead, just to include Blizzard's finances in the financial statements of Tencent's parent company, and he can come up with a surprise performance card next year.

Blizzard is business as usual.

This is very good, no matter how good it is, Xu Teng can't be guilty of blizzard, not causing trouble, not tossing.

End of October.

Herbalife's $340 million and 12% stake in Willner was successfully approved to form the new Comway Group, which is one of the top three in the North American health care market.

There are many brands in the health care products market in the United States, except for Jian'an Xi GNC, it is difficult for the rest to open the gap, and the merger of Kangwei is finally a bloody road, and the product lines of the two sides are very complementary, building a full product line of herbal organic, vitamins, sports, immunity, facial masks, maternal and child care, and nutritional milk powder.

The two companies can also integrate their global marketing channels and expand their sales networks, and it is expected that within five years, they are fully capable of pulling Jian'an Xi off the throne of the world's No. 1 health care product company.

The birth of Kangwei Group, SVB Silicon Silver Company, and investment in Facebook Company are probably the three major gains of Xu Teng's visit to the United States, and in addition, he will also handle many problems of the Xu family in the United States, and no longer have any worries.

Xu Teng took a flight back to China on November 2 and successfully concluded his 50-day visit to the United States.

In other words, it will have to wait until George W. Bush is re-elected, someone becomes the next secretary of state, and Xu Teng is behind the scenes to control the acquisitions of Conway Group and SVB, so that it can be said that it is 80% fine.

This system in the United States is really interesting, and Xu Teng can be regarded as gaining knowledge.

Xu Teng returned to China this time, not directly back to Jiangzhou, nor the capital, Zhejiang and Shanghai, but flew directly to Boao Town, Hainan, and arrived at Boao Asia Bay Resort, ready to participate in this year's Boao Summit of Chinese Enterprises.

This is Li Dongsheng, Li Daxiao, Li Jinfen, the three "Li" of the Huayin Department and the Asia-Pacific Economic Research Institute, jointly advocated the Chinese business summit, a change from the previous years are the north to dominate everything in the posture, the initial location was held in Zhuhai, or Shenzhen, and later invited by the leaders of Qiong Province, it was decided to be held in Boao, November 2 to 9 every year, a week.

In addition to the country's major enterprises, there are also some economic research institutions, scholars and delegations sent by many provinces and cities, focusing on domestic business, politics and academic exchanges.

Although the Boao Forum in Asia has a summit between entrepreneurs, the cycle is relatively too short and the issues discussed are too broad, so the Boao Summit of Chinese enterprises that Huayin wants to organize is more dedicated to the exchanges between domestic enterprises, and at the same time introduces ghostwriters from political and academic circles to discuss the future of China's economy.

The annual summit is held in November to study the various economic phenomena of the year and to predict economic trends for the next year and the next few years.

Xu Teng is the richest man in China and the grassroots prince of the Huayin system, of course, he has to support the scene, although his worth is inflated, everyone knows it.

Jet lag issues.

He left San Francisco on the morning of the 2nd, and arrived in Boao on the morning of the 2nd, so he didn't have time to rest, and arrived directly at the summit center by car to attend the opening ceremony and the first round of the new economy summit in the morning.

Because there was already a Chinese entrepreneur Yabuli Forum before, this time the Boao Summit of Chinese Enterprises, the Yabuli Forum, the Chinese Entrepreneurs Taishan Association, and the elite will of those northern bigwigs basically did not come.

This is an issue of competition for the right to speak in the domestic business community.

Yabuli Forum, China Entrepreneur Club, Taishan Club, North China Club, Tsinghua Club...... The main push for the "national retreat and democratic advancement" trend of thought, because the struggle between state-owned enterprises and private enterprises in the north has become white-hot, especially in steel, coal, real estate, and electronics, and the competition is fierce, while in the south, especially the businessmen of Zhejiang and Guangdong, basically do not have this problem, and the state-owned enterprises have long collapsed, and they cannot occupy the north to occupy Taiwan.

The Boao Enterprise Summit focuses on the two major issues of "innovative economy" and "corporate financing", especially the path of private capital involvement in the financial industry...... This risk is almost universally known, and if you are not careful, the controlling stake of the enterprise will be taken away by foreign capital.

Even if it is Huawei, the financing problem is always difficult, if it were not for this, Huawei would not have had to absorb Mr. Xu's hundreds of millions of investment.

At present, Huayin is generally quite easy on this issue, and it controls five major capital consortia internally, jointly holding two professional comprehensive financial groups of Huaxia Finance and Macau Fuxin, and Xu Teng has Huatai Securities, Huatai Insurance and Huatai Microfinance Financing Company, one of the four pilot private credit companies in Jianghuai Province.

The entire Huayin system holds 17 listed companies in A-shares, Hong Kong stocks, London stock markets and New York stock markets, relying on Huaxia Bank, Fuxin Bank, Huaxia Securities, Huatai Securities, Huayin also has four major private equity fund groups, including sunshine private equity and underground private equity.

Therefore, Huayin is concerned about another issue, which is rigidly inserted into the agenda of the corporate summit - the game between corporate shareholders and senior management, which is actually aimed at the strange monster of Vanke.

Vanke's Chairman Wang didn't come, President Yu Liang was forced to go into battle and competed with Li Daxiao, and Xu Teng and others watched the fierce confrontation between the two sides from the audience.

From the very beginning, Vanke's equity diversification was deliberately made by Vanke's executives and Lao Wang, in order to make it impossible for all parties to control Vanke, so that the senior management could be immortalized.

The host is from CCTV, a senior host of the financial column, who has made full preparations in advance, this person does not know that Xu Teng and Li Daxiao are a faction, only that Xu Teng's Huateng department holds 10.7% of Vanke's shares, and has not been able to get a seat on the board of directors, and has a personal enmity with the board of directors of Vanke.

In the last five minutes, the host suddenly invited Chairman Xu Teng, who was sitting in the audience, to talk about his feelings.

Xu Teng waved his hand, indicating that he was just here to watch, and had no intention of talking, but the microphone was still handed over to him, and all parties applauded and welcomed.

Xu Teng could only be forced to stand up helplessly, holding the microphone and looking around, "All of you here are elders, I am actually not qualified to say anything, since I must say it, then I will say a few words that are not boundary." Personally, I don't think there is a need for debate at all, capital controls the board, and the board controls the executives, which is a basic principle. ”

"There are many people who like to use Western concepts very much, and turn what was originally a simple problem into a high-level social and moral problem. What is a shareholder of an enterprise, what is an executive, and what is a professional manager? Isn't it the proprietor and the shopkeeper, the proprietor should not be too bad, and the shopkeeper should not be too greedy, then there will be no problem! The proprietor is benevolent and faithful, and the shopkeeper has both ability and political integrity, then there will be no problem. ”

Xu Teng's words were meant for Yu Liang, and finally added, "So, I don't think this is a problem at all, if there must be a problem, it is nothing more than that the owner is too bad and the shopkeeper is too greedy." ”

As soon as he spoke, he handed the microphone back, sat down and continued to sit on the mountain and watch the tiger fight.

"Mr. Yu, we listen to Chairman Xu's words, obviously disagree with your point of view, do you have anything to add now, or what do you want to say with Chairman Xu?" The host is of course very happy, the greater the difference between the views of the two sides, the better, and this recorded program will appear more intense and better-looking.

"Let me personally add a few words, the management of modern enterprises is much more complex than in the past, and the traditional business concept, I personally think that it has completely failed to keep up with the changes of the times. Mr. Yu insisted on his own point of view, but kept changing the concept, "Especially for listed companies, the ownership of the enterprise is very complicated, we Vanke has 180,000 shareholders, so many people's interests, and the interests of a few people must have conflicts." ”

"Mr. Yu, what you said is a typical concept of stealing, let's take Vanke as an example, one shareholder holds 50% of the shares, and hundreds of thousands of other people hold 50% of the shares, the rights and interests of both parties are the same, how can you distinguish them by the number of people and the small number of people? What you mean is that large groups such as China Resources and Fuxin are not welcome to take shares, and it is best for retail investors to hold Vanke's shares, and it is always you executives who have the final say, if you want to increase your holdings, you can increase your holdings, and if you want to expand your shares, you can expand your shares, who can restrict you?" Li Daxiao almost pointed at Yu Liang to hold him accountable.

China Resources' shareholding in Vanke has expanded to 17.4%, and Fuxin's shareholding is 10.3%, but among the nine members of Vanke's board of directors, Wang Yan's senior management accounts for 3 seats, China Resources occupies 2 seats, and the other 4 independent directors say that they represent minority shareholders and are also hired by Wang Yan, so they have a special relationship.

Fuxin Kong has a 10.3% stake and nothing on the board.

It doesn't matter, Huayin has finally won more than half of the equity, and the shareholders' meeting in April next year will be difficult again, no matter who they nominate to serve as independent directors, they will all veto, and everyone will die together.

Wang Yan had previously sent people to negotiate with Mei Jiali, who controlled Fuxin International Investment Company, hoping to give Fuxin International a seat on the board of directors in exchange for a promise that, first, Fuxin would never acquire Vanke's shares again, and second, Fuxin would safeguard Vanke's overall interests and not make irresponsible remarks.

Mei Jiali did not agree, and Huayin had already determined the strategy of rotten.

Because Vanke is a typical company that adheres to the voting rights avoidance system, which is a killer move to restrict major shareholders, and can basically pinch major shareholders very badly, China Resources has almost performed at Vanke's shareholders' meeting in recent years, and can only purely satisfy the "help" opinion of a retired veteran cadre, which is to be choked by the throat by this system.

Therefore, in addition to Fuxin International, the major shareholder, the rest of the Huayin shares are scattered into more than 20 institutional shares, no matter what Vanke does, Huayin will be in a word, as long as it is the proposal of Vanke's executives, it will be fully vetoed.

Vanke and Wang Yan have not yet figured out how many shares Huayin has in their hands, because Huayin's control cycle is super long, even dating back to the A-share crash in 2001.

Especially in the past year, Vanke's share price has fluctuated violently, and retail investors have basically fled.

There is no reason, just go up for a month, fall for a month, go up when it should fall, fall when it should rise, retail investors cry and dare not watch.

What kind of dealer is in charge, Wang Yan probably understands at this time, tens of billions of funds are ambushing him outside.

Therefore, at this Boao Enterprise Summit, he didn't come to join in the fun, but watched the situation behind the scenes, but also moved around, looking for background, looking for relationships to deter Xiaoxiao, and even asked a leader in Shenzhen to talk to Ding Fugen, a "slot machine", and it was not ruled out that Ding Fugen would be killed directly.

Wang Yan doesn't go to Tencent to start a blog now, but goes to Sina Blog, almost every day to make a secret point.

Mr. Xu hurriedly returned to China last month and bought all the shares of Shenzhen Property from China Resources and Chaoshan Merchants, and then sat in Phoenix Mountain in Zhuhai, staring at Vanke's handicap and personally commanding and coordinating.

Wang Yan is not in a hurry, his first move is to find a relationship, find someone to warn the Xu family, Li Daxiao, Ding Fugen, and others; the second move is to use public opinion and public relations to smear people; and the third move is the poison pill plan.

The two sides are so tense, no one is in a hurry to kill the opponent, and it is useless to be anxious.

Li Daxiao was a little anxious today, the enemy was very red when he met, and he was about to tear his face when he argued with Yu Liang, but no matter how he held him accountable and argued, Yu Liang bit the bullet and declared that it was the collective responsibility of Vanke's senior management to protect Vanke's corporate culture and small and medium-sized shareholders.

Yu Liang also resolutely disagreed with Xu Teng's theory of proprietorship and shopkeeper, insisting that the entrepreneurial team and operators of the enterprise are the owners of the enterprise.

Xu Teng originally said just one sentence, but he couldn't continue to debate with his identity, but Yu Liang repeatedly refuted that "business entrepreneurs can't be slaves of capital", and finally couldn't help it.

This time, he took the initiative to stand up, asked for a microphone, and took it with a sentence, "Mr. Yu, I suggest that you should delist, because you want to raise funds in the stock market, but you don't want to abide by the basic rules of the capital market, there is no such reason." Otherwise, you will change the name of the company to a real estate company that will never welcome major shareholders and only welcome small retail investors who can be controlled by our executives, or change it to a real estate company that is the first in China's pretending industry. As a business, how can you boast so mysteriously, what kind of professional managers, I really don't see where your profession is? Everyone knows the bottom line, if you Chairman Wang Yan didn't have those networks, I don't know how many times I would have been taught a lesson! I joined forces with a few friends to buy 10% of your shares, and you brought out the retired leaders behind China Resources to intimidate me and make me stop.

The audience was silent.

This is the recording and broadcasting site of CCTV's financial column, and there are entrepreneurs and executives from all over the world, as well as the media from all over the country, and more than 100 people are sitting here.

"What you said to me, we all remember, I don't buy your shares now, and I don't expect you to reward me with a seat on the board, I'll just watch. I am younger than you and have patience, and I just waited, because I was convinced that sooner or later you would be taught to be human. Xu Teng said this, directly threw the microphone to the person next to him, and left with Mei Jiali and Chen Jian, who came over with the meeting.

Several of their young people came to the meeting this time, just for fun, just as they were on vacation in Hainan, but Xu Teng's temper was really not very good.

Xu Teng originally said casually, emphasizing the relationship between the proprietor and the shopkeeper with a very simple truth, but was repeatedly corrected by Yu Liang, repeatedly emphasizing that "enterprise entrepreneurs cannot be slaves of capital", which is equivalent to being slapped in the face by Yu Liang all the way.

The key is that Yu Liang's words are a bit exaggerated, repeatedly emphasizing the word "slave", wanting to seize the moral upper hand and win the support of everyone on the scene.

He had the upper hand in the debate with Li Daxiao, but Xu Teng was slapped in the face all the time.

Xu Teng walked out of the venue quickly all the way before realizing that he was such a bad person and was actually calculated by Yu Liang, but Yu Liang didn't expect Xu Teng to tear his face directly as soon as he counterattacked.

Wang Yan and Yu Liang both firmly believed that Xu Teng was one of the culprits, and Li Daxiao was just a behind-the-scenes staff, so Yu Liang repeatedly stimulated Xu Teng through debate, wanting to force Xu Teng to debate with him head-on.

Xu Teng didn't debate, scolded directly, tore his face directly, the audience was shocked, and watched Xu Teng leave silently.

Li Daxiao was also quite surprised, thinking about it carefully, he felt that it was normal, and reacted very quickly and took the opportunity to ridicule Yu Liang, "Mr. Yu, this is not right for you, Chairman Xu is already young and vigorous, and if you casually say a shopkeeper, you will sarcastically ridicule others as slave owners." If you oppose even investors in this new economy field to take a stake in Vanke, and you use special relationships to intimidate each other, then what investors do you welcome?"

"I don't think what he said is the truth, it's just a misunderstanding between the two sides in the exchange. Yu Liang can only hold on, he can't learn from Xu Teng, tear his face on the spot, that is the privilege of a playboy like Xu Teng.

So, having a bad reputation is also good.

"Let's go back to the original issue, Mr. Yu, let's take Vanke as an example, what kind of investors do you welcome to invest in the shares, so as to better protect Vanke's corporate culture and the interests of small and medium-sized shareholders?" The CCTV host was also very embarrassed, this was originally a big issue, but it turned into a private grudge between the capitalist and the senior management, and the capitalist is Xu Teng, and the senior management is the guest Yu Liang.

"As long as it is an investor who is willing to respect Vanke's culture and respect the interests of the board of directors and minority shareholders, we welcome it. Yu Liang continued to hold on, he had known that repeatedly refuting Xu Teng's shopkeeper theory would lead to such an embarrassing situation, so he really preferred not to refute it.

The key is that in order to refute his opponent, he uses very insidious words, classifying himself as a slave who does not want to be a slave of capital, so isn't Xu Teng a slave owner?

"Your shares are sold in A-shares, who is willing to invest, this is all market freedom, not a question of whether you welcome it or not, if you are really a responsible professional manager, you must communicate properly with various investors and reach an agreement that is beneficial to all parties. You can't treat investors as slave owners and compare yourself to slaves, what kind of business can you do? Aren't you rebelling against investors every day, fighting with major shareholders every day?"

Li Daxiao is not Xu Teng, he has deep experience, and he patiently continued to refute Yu Liang, not letting the other party continue to change his concept, "Some major shareholders don't care about temporary gains and losses, and they can slowly entangle with you, then your company will collapse sooner or later." So to return to my point of view, corporate executives must respect all major shareholders, and only in this way can the collective interests of all shareholders be safeguarded. People have tempers, and if the senior management of a company is very stubborn about every bit of power and autonomy, does not know the art of compromise, and does not hesitate to offend some major shareholders who may not care much about this investment, then it is definitely a very stupid act. ”

Li Daxiao has said very clearly, and everyone present can understand that Xu Teng was deeply offended by Vanke and Yu Liang, and he didn't care about this investment at all, and he would definitely use these investments to entangle with Vanke at the shareholders' meeting in the future, just to sabotage.

Most of the entrepreneurs present today are from Guangdong, Fujian and Zhejiang, and many CEOs in Guangdong Province have heard some rumors, Huayin Department composed of Huaxia Finance and Galaxy Capital wants to get Vanke, and Huateng Department may be responsible for helping, but was first warned by the old chairman behind the scenes of China Resources.

That's not good.

Huayin is a legend, and no one knows how much capital it controls, but Huaxia Financial Holding Group is listed in Hong Kong as a whole, and the top ten shareholders are said to be Huayin.

Of course, an obvious fact is that Huayin is not linked by family, region, and industry, but purely by capital.

Almost all of these entrepreneurs present have the opportunity to join Huayin as long as they are willing, as long as there is no conflict with other partners.

Especially this year, after Xu Teng won the throne of China's richest man, a saying began to circulate in the domestic business circles - there is Mount Tai in the north and Huayin in the south.

Xu Teng pointed at Yu Liang today, the reason is very clear, Vanke Lao Wang relied on his network to bully the grassroots prince of Huayin, and the result was kicked to the iron plate, the facts are obvious, Xu Teng does not take retired old cadres seriously at all.

This time there was a good show. (To be continued.) )