How big is the effect of a consortium on a country's industrial support?

To give two of the simplest examples, South Korea and Sweden. Pen % fun % Pavilion www.biquge.info

Sweden has a population of 9.8 million, but has 14 Fortune 500 multinational companies, worthy of the old developed countries, much stronger than South Korea, the core element supporting Sweden's industrial development behind the scenes is the Swedish consortium mechanism.

South Korea and Japan are examples of this, although the consortium mechanisms in the three countries are different.

The support effect of the Huayin consortium on China's industry is basically two to three years ahead of schedule, and the country's total GDP in 2013 just exceeded 11 trillion US dollars.

The output value exceeds that of Japan.

However, in recent years, in China, especially in the pig network, the shell network of Japanese advertorials are also booming, such as "How strong is Japan, suffocating!" and other articles, the data is still very rigorous.

Xu Teng did not comment on the true significance of this kind of article, he only said one point, when you read these articles and marvel at the huge, detailed and varied data, you think about it, can you do it at the level of those editors of the pig network?

Where did the actual source of the article come from, guess!

If you think that those editors are out of simple patriotic feelings, and do not hesitate to go to great lengths to sort out data and remind the Chinese people to continue to work hard, then you are really kind and simple.

Xu Teng basically doesn't read these articles, because there are still many advantageous projects in the Japanese industry, and the statistics on his side are more complete and detailed, from products to technical reports, he can come up with 700TB of business investigation intelligence, which roughly involves 470+ single products, and 120+ in the field of semiconductor materials and basic devices alone, basically covering the entire semiconductor materials and basic components industry.

This work was carried out from 2004 to 2014.

It is a pity that Xu Teng has not made a qualitative large-scale breakthrough so far, whether it is the domestic headquarters of Huateng Industrial Complex or the European branch, it basically does not occupy an advantage.

At present, it can only be said that it is competitive in most areas, and there are alternatives.

However, Xu Teng is still very optimistic on the whole, because the progress is very fast, and he currently estimates that 90% of the Chinese headquarters and European branches of the Huateng Industrial Complex combined can be on par with Japan's existing advantageous projects within five years.

Therefore, he personally estimates that the watershed between the Huateng Industrial Complex and the Japanese Industrial Complex is 2020.

The meal has to be eaten in one bite, and the road has to be walked step by step.

The contest between individual enterprises is very simple, the dominant party can always occupy a more advantageous position to form a virtuous circle, and the contest between consortia is very complicated.

As for the so-called total amount of Japan's overseas assets as high as $10 trillion, this is nonsense, and if there really are so many, the United States would have killed Japan several times a long time ago.

Xu Teng said that the entire Huateng industrial complex, plus the Xu family, has total overseas assets of $1.73 trillion -- of this figure, the Xu family accounts for 75 percent of the share, and the Xu family's more than 400 unrelated family trust funds in the United States alone, and the institutional stocks held in the United States in the United States, which are scattered in high-tech stocks and biotechnology stocks, account for more than half of the market value.

This is already a very special limit, if there is no special "wisdom" of the Xu family, don't even think about it, there is no possibility at all.

Japan is a very closed chaebol country, with a very low shareholding ratio of non-Japanese companies in the world's top 500, and in the field of global financial industry, Japan has never been the focus of global asset custody and investment banking competition in the United States, because Japan's capital is only entrusted to Japanese financial enterprises.

At the same time, Japan does not allow foreign capital to control Japanese financial institutions, and it does not try to control European and American financial institutions.

So, where did it get 10 trillion US dollars in overseas assets, and the 10 trillion US dollars in overseas assets that the editor of the pig breeding network collectively raised for the Japanese father?

Any sober-minded investor who calculates how many assets Japan lost in the 90 real estate bubble crisis and the 97 Southeast Asian financial crisis can understand the most basic truth, Japan has a 10 trillion dollar of assets overseas.

The scale of Japan's overseas assets according to Xu Teng's statistics is basically the level of Saudi Arabia, but in fact, the total amount of Japanese overseas investment can be judged by looking at the business scale of Japanese financial companies in New York and London.

It's like someone who suspects that the Rothschilds have at least $6 trillion in assets so far, and it's like someone who suspects that the U.S. financial industry is still controlled by the Morgan and Rockefeller families.

Today, in 2014, Xu Teng can only say that the back waves of the Yangtze River push the front waves, and the front waves have long died on the beach.

In other words, the Japanese economy rose and died in the consortia, and the vast majority of business is concentrated within each conglomerate, which can be handed over to its own people, and will never be handed over to outsiders, let alone foreigners.

For example, Sumitomo chaebols, for example, do not entrust overseas assets to Wall Street at all.

Therefore, no matter how rock-solid the Japan-US alliance seems to be, it is only a relationship between military and political circles, and in the financial field, the Japanese chaebol and Wall Street have been mortal enemies for so many years.

Japan has now been forced by Wall Street to the point of negative interest rates, and this kind of good thing, although the strength of Huayin AIG is slightly weaker, it must be a good helper of Wall Street.

Why Xu Teng can cooperate with Wall Street is very simple, business is business, there is an opportunity to cooperate resolutely, and many of the businesses of the Xu family and the Huayin Consortium are directly entrusted to Wall Street.

Xu Teng would never say that this business can be done by my own subordinate enterprises, so I must hand it over to my own people...... No, he will always say, if you do well, I will do it for you, and similarly, if I do a good business, you also have to do it for me, and we will cooperate and make money together.

This is the first experience he learned from the failure history of Lao Jiangtai and Huang Xinzhou when he first embarked on the road of business, and this is the first lesson in his business career.

This is a inheritance between two generations of Jiangtai businessmen.

To do business is to make more friends, to leave a way for others, is to leave an extra road for yourself.

In the past, it was always said that "the enemy should be lenient", but now some people in China are not "lenient to the enemy", but blindly kneel and lick; of course, it is not okay to be confused with self-confidence, discriminate against the opponent, and fail to correctly understand the opponent's advantages.

After finishing the meeting with Minister of Finance Ma Taiji, Xu Teng did not leave the small living room in a hurry, but sat back in his chair and thought for a short time, and then summoned several department presidents and chief assistant officers of the international public relations department and the investment department Han Dai to have a brief meeting.

Xu Teng has always been very aware of the Japanese government's long-term funding and support for foreign think tanks, institutions, and media to "dirty public opinion" on China, and he has also collected a lot of information, but he has not released it.

As for the momentum of the rise of the right-wing in Japan, the international media is also very clear that they just don't report it.

Xu Teng originally wanted to wait two years, and when the Huateng Industrial Consortium and the Yinmei Project further matured, he would launch another "Mirror" plan to conduct a large-scale public relations campaign around the world and in China, pour dirty water on Japan, and expose the bribery information of the Japanese government and enterprises around the world.

His strategic goal was to kick Japanese industry out of the entire Chinese industrial system, step by step, when the time was ripe.

The strategic goal remains the same, but the overall acceleration is to expand the investment in intelligence and data collection, allowing the information security sector to use more extreme methods.

At the same time, the international public relations department is about to start preparations, and perhaps in the second half of next year, it will need to be carried out gradually.

Xu Teng is a master of doing business, he will not be rash and do something worthless to himself, and the goal of "Mirror" is to destroy the image of Japan's country and company.

He knew that he couldn't be in a hurry, because he would tear it up too early, and the industrial level of the Huateng Industrial Complex could not replace the Japanese industry, so he could only cheapen others in the end, and he would fall into passivity.

After a short meeting of twenty minutes, Xu Teng left the small living room and corridor first, returned to the central ball hall of Marble Manor, and continued to enjoy the program elegantly as if nothing had happened, and talked with the distinguished guests who came to congratulate him at any time, and made more friends between talking and laughing.

If there are new and old friends who want to talk about business, he can talk at any time, with a kind smile and elegant words, and will not deal with anyone, as long as it is profitable, even if others make more, he will seriously consider it.

To do business is to make more friends, to leave a way for others, is to leave an extra road for yourself.

By 10 p.m., when all the arrangements and activities were over, Xu Teng had talked about more than 20 business events one after another, as if everything was between talking and laughing.

Next.

He held a breakfast meeting with Warren Buffett and Bill Gates, and only talked about one issue, Iska.

In 2006, when Warren Buffett acquired Israel's ISCAR Group, the two sides finally reached an agreement that Hathaway held 52.7% and Huateng held 24.5% to jointly maintain the interests of ISCAR Group as a New York listed company.

After that, everything went smoothly, and ISCAR Group, backed by Hathaway and the Huayin consortium, continued to merge with rivals, quickly overtaking Kennametal to become the world's second-largest knife giant.

On the other hand, due to the failure to fully acquire ISCAR Group, Xu Teng readjusted the plan, controlling Winchester Metal Company, a long-established cemented carbide manufacturer and tool company, and Leitz and Weimarno, well-known German tool companies, and continuously injecting capital and providing financing services to support the simultaneous expansion of the three companies.

Finally, in April 2012, Leitz acquired two other companies, realizing a complete industrial chain from tool holder tools, boring cutters, milling cutters, tap threads, automotive and special tools.

At present, in the global tool industry, Sandvik, Iscar, Kennametal Metal, Lantz four giants side by side, Huayin consortium of the Leitz Group is also the four giants, the highest output in China, except for a few high-end brands, the rest are basically produced in China.

In the field of cemented carbide, Southern Tungsten Group, a subsidiary of Huayin Consortium, has acquired a complete supply chain of tungsten-nickel and rare earth ore mining and processing, metallurgical powder and hard alloy through the merger of Winchester Metal's cemented carbide business.

On the other hand, there is another small giant with complete tool products and brands under the Huayin Consortium - Worrick Mountain High Group.

Blind people can see that Xu Teng's next strategy is for Leitz to acquire Seco Tools to further catch up with the other three giants, while Warrick continues to maintain its position as an independent supplier of mid-to-high-end machine tool parts.

All this will mean that the only collaborators in this field of the Huayin consortium and the Huateng industrial complex, the Swedish consortium, Hathaway and the ISCAR group, will sooner or later be out of the picture.

As the former richest man in the world and a veteran giant in the global high-tech field, Bill Gates and Xu Teng have too many interest agreements and too many new areas of cooperation, and as a director of Hathaway, they must mediate to help Buffett win a game.

This is an industrial business with an annual output value of tens of billions of dollars.

However, the three tycoons were still able to talk easily, and they all told each other a few interesting things they encountered yesterday, and they were all laughing happily.

This is Xu Teng's advantage, compared with the leaders of the Japanese chaebol and the Korean chaebol, he is more modest to learn American culture, take the initiative to integrate into the American business community and financial circles, and is very careful to choose Cambridge English, and is not affected by American English in pronunciation.

This is a little trick of a scheming man.

In the UK, in Europe, in the US, every word he utters, every Cambridge note reminds collaborators that his background in the City of London is accustomed to ignoring his background in a Chinese-funded consortium.

Neither American politics, business, nor Wall Street will forget that he is a foreign banker, but they will always habitually include him and his family in the ranks of the British.

He put a lot of effort into this, including insisting on using Cambridge English even in his conversations with Dr. Lu.

His children spend their winter and summer holidays in London's Regent's Park every year, spending time with their grandparents and learning British English.

Don't say what Chinese should speak Chinese.

He is a businessman and exists for business, which is the value of his life.

"I know you want to invest in a Chinese car company, BYD is a very good choice, but you can also take a stake in my car company!" Xu Teng knew that Iscar's matter made Buffett very angry, it was his fault, he defaulted.

But that's business, Buffett could have given him a controlling stake in Iskar, and the preferential financing he has provided to Iskar over the years is no less, and at the same time, he can take advantage of the expanding market share of the Iskar Group, knock the Swedes again and again, knock the Germans, and force the other party to agree to his price again and again.

"If you can give us a stake in it, then let's forget about other car companies and you can make an offer now. "Warren Buffett is a very shrewd old businessman, although Xu Teng's breach of contract makes him angry, he will not tear his face with Xu Teng and become an enemy, which is the most unwise choice.

"With a 4.5% stake and 122% of the market capitalization, the stock price is already very high, but I promise that the next three years will be a period where the share price of the automotive industry will continue to soar, I know, you know. Xu Teng's decision was not easy, because the shares of Huateng Automobile Group are very complicated, BMW and Ford both hold shares of Huateng Automobile, so this time he took the means of directional capital increase to make Hathaway the fourth largest shareholder of Huateng Automobile Group.

This is not a small business.

The market value of Huateng Automobile Group has reached 78 billion US dollars, ranking fourth in the world, second only to Toyota, Volkswagen, General Motors, and even higher than Ford.

Even for a 4.5% stake, Hathaway would have to pay $4.28 billion in cash.

"Alright, we're done, Bill, if you're going to persuade me, hurry up, I can't wait to pull out my checkbook. Buffett and Bilgates joked, in fact, they also wanted to ask Bilgates' opinion, after all, it is not a small business.

"It's undoubtedly good business, especially when we consider the long-term growth over the next 10 or even 20 years, and the strength of the Huayin consortium in the high-tech and electronics sectors, which will inevitably be passed on to the automotive industry even more in the end. Bilgates thought very seriously and replied very seriously, signaling Buffy to hesitate, this is indeed Xu Teng apologizing.

"Now, let's talk about the tool industry, the strategic goal I have set for my company is very clear, and I have never hidden it from you, I need to integrate with the European industry on a larger scale to realize the integration of Huateng Industrial Consortium in Central Europe. This is the simplest strategy in traditional Chinese strategy, with a history of at least 2,000 years, we call it long-distance friendship and close attack, and distant countries and enterprises to be friends, and close enterprises to be enemies. In business, the essence is that Japanese and Korean companies are more responsive in China, because they are as closely dependent on the end market as we are, while European companies are slower. ”

"This basic business principle dictates that we can compensate for the lack of European companies away from the end of the market by taking shares, holdings, acquiring European companies, as well as cross-shareholdings, or entering into broader technology alliances, and at the same time, the disadvantages of cost and transportation will also force our European partners to produce locally in China. ”

Xu Teng's long-distance and close-range attack strategy has been basically formed long before the implementation of the Yinmei plan, and it was not until these two years that he had a brief explanation with Bill Gates and Buffett, which was to dissuade Buffett from supporting ISCAR Group's acquisition of the South Korean tool giant Taguk, and targeting the American tool company Milling Star and the German automotive tool giant Gaomet.

Warren Buffett was eager to acquire Taguck to increase sales in the Asia-Pacific market, and Xu Teng suggested against doing so in the long run.

Of course, Buffett finally decided to buy Taguk, but also acquired Milling Star, which is actually the reason why Xu Teng gave up ISCAR and turned to fully support Leitz, and finally Lantz acquired Gaomaite, because Xu Teng was convinced that the demand for special tools in China's automotive industry would far exceed Buffett's expectations.

It was also this incident that made Xu Teng realize more clearly that the world stock god is just like this, don't take the legend too seriously, if you are old, you will be old.

"When you buy Teguk despite my objections, I switch to Leitz for the acquisition of Komet, that changes a lot of things, of course, the problem is with me, I should stick to my opinion. Xu Teng took the initiative to take the mistake on himself.

"No, the market proved you right, the acquisition of Teguk was a very bad decision, the Koreans have a very strong rejection of non-Korean products, they have a whole industrial chain, and they buy each other's products from the consortium, which is basically a model unique to the entire East Asian economic circle. "Warren Buffett can only eat a little, grow wise, and do business with the East Asian economic circle, you must be more cautious.

"We are okay in China, the only Chinese consortium you can see is my Huayin consortium, and I will never monopolize business, history is the best teacher of businessmen. There is a famous war in Chinese history that happened 1800 years ago, we call it the Chibi War, because the soldiers in the north were seasick, Cao Cao, the king of Wei, chose to lock all the ships together with iron chains, and as a result, the governor of Wu in the south burned them cleanly with a fire, so that the king of Wei lost 800,000 troops. ”

"That's how to do business, don't tie up all the subordinate companies, give them enough flexibility to allow them to buy freely, each responsible for their own business, at least not together. Because I am sure that the era of China's rapid economic growth will eventually come to an end, and at that time, I will transfer the controlling stakes of many enterprises in advance and cash them out. You can buy a business, you can sell it, and the eternal goal is not to make a profit, but to survive. ”

"Survival, this is the number one goal of all businesses. Xu Teng's level of doing business is this realm, he has reached this level, he can discuss the way of business with Buffett, and he is better at it than the other party, because the frequency and scale of the business he handles every year far exceed that of Buffett.

Truth comes from practice.

"That's your biggest advantage, and if Steve Ashley had understood this, he might have been able to avoid Fannie Mae going bankrupt, and of course, if he had understood that, we would have made a lot less money. Buffett must also praise Xu Teng, for him, it is not a shame to admit that Xu Teng is a more powerful investment king.

Facts speak louder than words, and Xu Teng's wealth level is there.

"yes. Xu Teng could only sigh with emotion, Fannie Mae and Freddie Mac were too focused on profits back then, and completely lost their due sense of risk.

"Now, we have to deal with the problem of Leitz and Iscar, which are already very competitive in the global market, especially in China. Bilgates took the topic back and let the two generations of stock gods focus on solving this trouble.

"We can merge, but we don't know what the attitude of the Swedes is!" Buffett has been thinking about it for a long time and is not willing to give up the business easily.

"Just give up ISCAR and let Leitz buy some of the high-quality assets. Xu Teng's attitude is firmer, there is no perfect choice in this world, Huateng Industrial Complex already has a product line that can completely replace ISCAR and Sandvik, and 90% of the production capacity is concentrated in the Yangtze River Economic Belt.

Although he said that the Huayin Consortium and the Huateng Industrial Consortium should not adopt an overly rigid bundling strategy, it is also necessary to realize that internal enterprises have a stronger advantage in mutual cooperation.

The scope of cooperation between Huayin Consortium and Swedish Consortium is slowly expanding, especially in the field of cemented carbide, cutting tools, and machine tools, and the integration situation has been basically formed.

If Warren Buffett does not give up his controlling stake in ISCAR, in the next five years or so, ISCAR will gradually lose its advantage in the Chinese market, because in the ultra-high-end field, it is still not Sandvik's opponent, and in the mid-to-high-end field, it hedges against Lantz and Shangao.

Tools and machine tools, itself is a supporting project, a system engineering, generally speaking, the tool to adapt to the machine tool, which is also the reason why the global tool industry is very differentiated.

The current situation is that the tool industry of Sino-Swiss cooperation fully matches China's machine tool industry, and a comprehensive research and service supporting center is set up, and targeted research and development and adjustment.

This is the cooperation framework signed at the level of the Chinese and Swiss government, and under the promotion of the Chinese and Swiss industries, the Sino-Swiss mutual investment and free trade agreement will be quickly adopted by the end of this year, realizing the first step in deepening the cooperation between China and Sweden in the industry.

Xu Teng knows more and more about this information, so he suggested that Buffett transfer the controlling stake in ISCAR at a speed, and it is still too late to transfer, which is basically sold at a higher price.

The simplest strategy is to break up the ISCAR Group, sell them separately, and cash out quickly and make a profit.

"Okay, let's do it, survival is everything, we should toast to it. Buffett actually doesn't want to give up, but he believes that Xu Teng's judgment naturally has its reasons, but it may not be explained to him very thoroughly, he wants to find a way to keep ISKAR Group's core business in Israel, which is important for Israel's economic and scientific research system, and other things are not very important, just make money.

Xu Teng had to solve the matter quickly, because during the afternoon tea time, he had to negotiate with Mr. Peter Wallenberg, chairman of the Swedish Yinruida Foundation, to fulfill his promise to cancel the partnership with ISCAR Group as soon as possible and assist Sandvik and the Swedish tool industry in China.

For the development of China's industry, he must choose to cooperate with the strongest at this stage, and only in this way can he really defeat Japan's advantageous industrial projects one after another.

Machine tools, cutting tools, construction machinery, these are a few things that Xu Teng will solve this year, and the automobile industry will also form a new production capacity and new models that can compete with the Japanese.

Under the ten years of sparring in the Korean system, the Huateng industrial complex led by him, the most exquisite, the most refined, and the most sophisticated part of China's industry, has the conditions for war with the Japanese system, although the gap is not small, but the war has begun.

Time is important, speed is important.

In order to win the war, Xu Teng was willing to make more compromises.

Everything is for a new purpose in life, to defeat Japanese industry, step by step to defeat Japanese industry.