On July 5, 2009, Huateng Company officially disclosed the company's list of shareholders and its assets to the whole society, in order to achieve this, as early as April, after the report of "South China Weekly" was issued, Xu Teng held an urgent telephone meeting of all joint partners, spent a whole day to discuss the problem, and finally got the recognition and authorization of all joint partners. Pen Fun Pavilion wWw. ｂiquge。 ｉｎfo

The reason why it took three months to finally announce it was only because Xu Teng still needed to deal with some very sensitive information before the announcement.

Huateng Company is not a listed company, but an unlisted joint-stock company jointly held by all joint partners and some senior partners, with a total of 37 natural person shareholders and 9 institutional shareholders.

Xu Teng personally holds 15% of the equity, the other two institutions under his name - Huateng Science Development Foundation and Huateng Education Foundation hold a total of 27% of the equity, the Xu family's family trust fund holds 18.5% of the equity, other natural person shareholders hold a total of about 35% of the equity, and the other four institutions, including the employee welfare fund of Huateng Company, hold about 4.5% of the shares.

This is the shareholding structure of Huateng Company.

Very beautiful equity structure, there is no problem, overseas registration and international capital equity accounted for 1/3, 2/3 of the equity is registered in the mainland, the vast majority of it is registered in Jiangzhou, so, strictly speaking, Huateng company is a Jiangzhou enterprise.

The name of the enterprise has never been changed, Jiangzhou Huateng Industrial Holding Company.

This point, no one can criticize, very beautiful shareholding structure, modern, clear, social public welfare fund holds 30% of the shares.

The assets of Huateng Company are mainly stocks, and the total market value of stocks held by Huaxia Financial Group, PN Financial Group, Yangtze River Bank, Minsheng Bank, Huatai Insurance, Sunshine Insurance, and Jianghuai Rural Commercial Bank is equivalent to the total market value of the first of the four major banks, "Industrial and Commercial Bank of China".

In addition to the seven financial sisters, Huateng Company is also the direct parent company of Tencent Group, Zhongqu Group, Huateng Automobile, Huateng Heavy Industry, Huateng Land, Huateng Electronics, Huateng Hi-Tech, and Boan Group, with more than half of the controlling stakes.

Huateng holds the largest shareholder in 17 industrial group companies, including Shenzhou Media Group, Shenzhou Electric Appliance Group, Macau Fuxin Group, Jiangtai Group, Wanbo Group, Sino Soar Group, Yongtai Chemical Group, Yongle Group and Sunshine Group, as well as seven major domestic financial enterprises.

Huateng also holds a certain amount of equity in BMW, Ford, AIG and other foreign-funded enterprises, ranking second or third largest shareholder.

In addition, Huateng also holds shares in Bank of China and China Construction Bank, and both are long-term financial investments of more than 15%.

The key point is that there is another company on the periphery of the Huateng system -- the Macau Galaxy Capital Trust and Investment Company, which has extensive stakes in most of the enterprises under the Huateng family.

Huateng and Yinhe, the combination of the two has built a Huayin consortium.

For example, in the most critical Huaxia Financial Group, Huateng Company is the largest shareholder, Galaxy Capital happens to be the second largest shareholder, and in PN Financial Group, a subsidiary of Galaxy Capital, it is the second largest shareholder of PN Finance.

Xu Teng only publishes the financial and asset reports of Huateng Company, and does not disclose the situation of Galaxy Capital, of course, it is a hooliganism, but this is enough.

During this time, the entire Huayin consortium finally opened up its firepower and devoted all its efforts to public relations, including Xu Teng, all the joint partners were interviewed by various media, and various big Vs and experts from various financial departments were helping Huateng Company say a few "fair words".

The views of all parties are basically unanimous.

First of all, Huateng company is one of the few good companies in China, high-quality companies, high-quality assets, high-quality management, high-quality ideas, representing the general direction of human social progress, not only actively promoting the progress of human science and technology, but also actively promoting China's public welfare.

Secondly, Xu Teng, as the richest man, has donated most of the assets under his name to promote the progress of China's basic science and education, who is qualified to ask more for him?

As for the control of the Huateng Science Development Foundation and the Huateng Education Foundation, as well as the internal constitution of the foundation, no one will notice it for the time being...... The two foundations established by Xu Teng have very simple charters - Xu Jiayong has passed on the chairmanship of the two foundations, and his children and direct descendants must serve as the chairmen.

A lot of things, to put it all in one sentence.

Before the 2007 stock market crash, Xu Teng's Huateng company had a total of more than 400 billion corporate debts, and after the stock market crash, the total assets of the company increased by more than 150% throughout the year, but the liabilities fell to 130 billion.

This is the first statistics of "South China Weekly", accusing Xu Teng of making a fortune in the country and making the most profit in the stock market crash, and can be said to be the only person in China who profited from the 2007 stock market crash, and even became the richest man in the world.

This data really illustrates the fact that Xu Teng and Huateng Company have indeed made a lot of money from hundreds of millions of shareholders across the country.

Xu Teng was also a light enemy, but he didn't expect that there were still masters within the Fubon department, and he could actually dig out these data and provide them to "South China Weekly".

In fact, Xu Teng really didn't care about these things, and he really took over the Huayin Consortium in 2008 with full authority to carry out comprehensive reforms, forming a new consortium structure dominated by Huateng Company and supplemented by Galaxy Capital.

Year 2009.

If you want to pick out a hot word in China this year, this word is definitely "Huateng Company".

Xu Teng has given a death order to make every effort to tackle key problems, so that all media avoid talking about the "Huayin Consortium" and talk more about the "Huateng Company", even if it is a negative report, please focus on the "Huateng Company", and even, a number of public relations teams have concocted a lot of negative news on the Internet that cannot withstand any scrutiny.

This trick is called wanting to cover up.

Xu Teng's goal is very clear, and he repeatedly emphasizes the corporate image of "Jiangzhou Huateng Industrial Holding Company" as China's largest private capital investment company, so as to cover up the truth about the existence of the "Huayin Consortium".

To put it simply, there is only one Huateng company now, which holds a large number of share assets, but this company itself is a very high-quality investment company, and it can even be said that this is the best investment company in China, the most ideal investment company, and there is no one.

It was not until July 2009 that such a wave of public opinion finally subsided.

In fact, after Xu Teng announced the equity structure and asset statements of Huateng Company, although everyone was surprised by the unprecedented scale of Huateng Company's assets and could not understand how Huateng Company developed to this point, they still slowly accepted the reality.

The reality is brutal.

Huateng Company is indeed one of the best quality investment companies in China.

In mid-July, Xu Teng made one last counterattack.

This is the third time he has appeared on the "Dialogue" column of CCTV Financial Channel, at a critical moment, there are many friends, it is always useful, the column team from the director to the host knows Xu Teng's intentions, but he is still very cooperative.

The recording location of the program is still chosen in the film and television center of Yangtze University, and both sides are familiar with each other.

Xu Teng had a meeting in the company in the morning, and just after the meeting, he received a text message from the column group to confirm that everything was ready, so he changed into a dark blue double-row Italian suit and hurried to the studio.

Han Dai and Yu Suyun are all busy here, and the questions of the interview with the host Chen Hong seem to go through the 40 questions, and Chen Hong will randomly ask 10 to 15 questions according to the on-site feedback of the show.

The audience at the scene was mainly students from the five major universities in Jiangzhou, most of them were members of various student unions, and the tickets were sent to the student union, 80% of which were scraped inside.

Han Dai personally communicated with the presidents of the five student unions and the main cadres, and in general, she would not ask very embarrassing questions, even if there were some embarrassment, it was a must for this program, giving Xu Teng a chance to further interpret the quality of Huateng Company.

According to the previous sample survey, among the college students, Xu Teng and Huateng still maintain a very high positive image, and in the five major universities in Jiangzhou, Xu Teng's support is even higher.

The theme of today's program is, of course, not "Xu Teng and Huateng's counterattack", but college students' entrepreneurship and high-quality corporate architecture and concepts.

Xu Teng's task is not to prove how high-quality Huateng company is, but to teach the students the experience of entrepreneurship and business management, and how to build a better corporate structure and a better corporate philosophy.

To tell the truth, these things are very vain, but when human civilization has evolved to this point, it must be such vain.

After the show officially started recording, Xu Teng entered the venue and greeted the host and classmates, very decent, and also very friendly, there was no shelf, his personal image was so clean and refreshing.

The scene was lively for a while, and soon it quieted down.

Xu Teng has 5 minutes to lecture.

This is the flow of the show, which is a little different from before.

"First of all, I would like to thank the program team and the students here for inviting me to participate in this program, you invited me to share my entrepreneurial and management experience in enterprises, in fact, my experience in this area may not be as much as you expected. Think about it, I started my college business in 2001, and it has been 8 years so far, not to mention, my entrepreneurship is quite a funny thing. To be precise, for reasons that are well known, my entrepreneurial success in college was not broadly represented. ”

Xu Teng's opening remarks were simple and somewhat surprising, and he was not going to deny that the family business had played a key role in his success.

"Of course, the financial support I received was limited, which made me and my classmates have to use our brains and come up with a lot of bizarre competitive methods, and finally there is a Tiantian Internet company that completely exceeds our expectations and exceeds the expectations of our opponents. ”

"This experience has taught me that being in a weak position in the competition is not a bad thing, because you have to innovate to beat the competition, so innovation is always the most urgent thing in the market. ”

"From 2001 to 2009, my team and I actually innovated a lot, and sometimes, even when we had the financial resources to beat our opponents head-on, we put a lot of emphasis on innovation. This allows us to defeat stronger opponents with less force. ”

"I'll give you two recent examples, the first example is the melamine milk powder incident in 2008, as we all know, the Boan Group, which Huateng invested in, may be the only beneficiary of this tragic incident, because all the dairy companies under the Boan Group, especially the three domestic dairy companies, have not detected melamine in all product lines. Why?"

"When my team and I decided to invest in the dairy industry, the major domestic dairy companies have ushered in the peak stage of development, and the major dairy companies are basically competing for dairy farmer resources in large animal husbandry counties everywhere, many dairy companies, especially local enterprises, and even have county and city administrative support, it is difficult for us to intervene, and the high-price competition for the purchase of milk sources will definitely disrupt the market, causing more chaos, as well as the dependence and indulgence of dairy farmers. ”

"Do you think, if I finally snatch the supply and marketing contract of a dairy farmer in a village or a township from the hands of my opponent, will I really strictly enforce the standard inspection for these hundreds of dairy farmers? If my standards are very strict and other people's standards are very relaxed, who will the dairy farmers sell the fresh milk to?"

"Actually, we have no way to intervene, we can only engage in innovation, use innovation to compete with the strong domestic dairy triumvirate, we do not compete with them for dairy resources, do not compete for the bottom of the dairy farmer acquisition agreement. We have chosen a new road that is different from the traditional domestic one, with more funds, more advanced science and technology animal husbandry model, the production of milk sources that meet the highest standards, because we are making food, and it is particularly important maternal and infant food, so I not only have to use the innovative model of competition, but also to seize a key point and compete with opponents, I don't care how much investment to pay, I don't care how many years to recover the investment, I just need the safest, the most reliable milk source. ”

"Because I am Huateng Company, the industry I invest in is the dairy industry, even if it is a hundred years from now, this industry will inevitably exist, so from the first day I decided to invest, I was ready to use 20 or 30 years of determination and patience to participate in the competition. ”

"I am a competitor, so I want to provide better quality, more cost-effective, and more secure products. ”

"I use this example to tell you a very simple truth, to do business, always have innovation, always adhere to your concept, adhere to your original intention. My philosophy, my original intention is very simple, we want to be a good enterprise, first of all, we must be a good person, because only good people can have a safe life and have good rewards. ”

Well, it's all spoken by people.

Xu Teng doesn't care whether others believe it or not, he still has to try his best to make others believe his words, of course, he does think so, because he is not short of money, and many things can be done without caring too much about profits, but more about word of mouth.

Because the absolute controlling stake of Huateng Company is in the hands of the Xu family, and the words of other shareholders do not count, even if other shareholders unite and ask Xu Teng to increase the profit margin of Huateng Company, Xu Teng can ignore them and veto their proposal.

It's not like BAT, BAT does everything for profit, and none of them are clean, because all shareholders are greedy. As a listed company, BAT must curry favor with shareholders and maintain a high stock price, so that it can maintain competitiveness and compete with other competitors.

This is also a tragic thing in the modern business system.

Huateng Company is an exception, Xu Teng, as the only major shareholder, can ignore other shareholders, not to mention that the shareholders of Huateng Company are basically entrepreneurs with certain feelings, Zhang Liying, Chen Anbang, Chen Yongnian and other mercenary people, the number is not much.

Xu Teng said the first example, and all the students were applauding, applauding Huateng Company and Xu Teng from the bottom of their hearts, after all, this case is real and well-known.

"Now, I said the second case, as we all know, Tencent Group has not been very strong in the communications industry, after so many years of hard work, it can only be ranked third in China, and the gap with the second place is already very small, and the gap with the first place is still very large. ”

"Similarly, Tencent Group wants to make a breakthrough in the field of operating systems, but in the face of Microsoft's pressure and the entire ecological environment, if it is to compete from the perspective of traditional industries, we are completely powerless. Based on Intel's x86 system, we actually built a large team to work on a new system that could replace Microsoft Windows for free. We didn't tell you about this, because this thing failed, I invested more than 200 million, and finally gave up ......!"

Tencent Group's Huaxing system is responsible for the daily network security company, in fact, it has been developed, and it has been maintained, and the main customers are scientific research institutions and institutions in the military industry, for which a new vest company has been opened.

Intel knows about this, but like Huateng, they are silent about it, after all, with such a big market, Intel will not be stupid.

Generally speaking, this Huaxing system is very wasteful, and the overall performance is far inferior to Microsoft's XP, but it is safer, and there are more software systems that can adapt.

"In this case, we can only continue to consider innovation and break through in an innovative way, so when we launched the first smart phone PDA in 2003, we have already used smart phones as a breakthrough for Tencent Group, and we have accumulated a large number of patented technologies in the communications industry, as well as the technology we have accumulated in the field of operating systems, to form our advantageous projects, which is a new field that Microsoft, Ericsson, and Cisco cannot compete with us. We also work with Apple, Google, and RAM, each with a different technology, to unify the standards of components, reduce costs, and to invest in a new smartphone operating engine with Google. We're working with RAM to design better chips to replace Intel. ”

"Through this series of collaborations, six years, and a long-term investment of up to $2 billion, we now finally have a smart machine platform that doesn't have to rely on the alliance between Intel and Microsoft, and that's the smartphone. We didn't beat our opponents in the traditional PC market, because we knew it was hard, but we opened up new markets through innovation, and in this new market, we beat our opponents. ”

"This is the second case I want to talk about, through this case, I tell you a very simple truth, when you have funds, talents, ideas, innovation, what else do you have to be afraid of? Even the best enterprises, whether domestic or foreign, as long as you do not change your original intention, you will be able to defeat your opponents. If you want to ask me what my original intention is, I can tell you today, because in the past, I could only say it internally, and I didn't dare to come out and say it, for fear that you would laugh at me. ”

Xu Teng himself wanted to laugh when he said this, of course, this was a speech after repeated consideration, but it was indeed true, there were many things, he only dared to do it, but he didn't dare to say it.

"My original intention, since I took over the Tencent Group from my father, has not changed, since May 2003, after the merger of Tencent and Tiantian Company, I formed Huateng Company to hold the new Tencent Group, my original intention is in China, to establish a complete set of semiconductor and network industry, by no means weaker than Europe and the United States. My original intention is to establish a complete set of Industry 3.0 in China, which is by no means weaker than Japan and Germany, so I invest in machinery, automobiles, chemicals, automation program control, and energy power plants. After these two basic goals are achieved, I want to combine Industry 3.0 and the IT industry to form the world's best and probably only IoT system in our country, and create a new Industry 4.0 standard. ”

"My original intention is to use my own strength, as well as the strength of all Huateng colleagues, colleagues and allies, to surpass all countries and create a great era of Industry 4.0 for China. Xu Teng recounted this fact very simply, and then made a summary, "As I said before, I can only say it internally, and I dare not come out to say it, for fear that you will laugh at me." ”

At this moment, no one dared to laugh at Xu Teng.

Because, he is actually close to this goal, although there is still a long way to go, but it is really close. (To be continued.) )