"Gu Cheng, this kid is really temperamental, he is so capricious. How can a person who treats money like dung become the richest man in Asia?"

That evening, in the high-tech investment circle of Beijing, there was an endless stream of emotion.

Gu Cheng would rather let the state-backed capital with high-tech resources cover the skin and invest in YY Electronics, in exchange for the Information Office of the National Academy of Sciences to add material to the "Report", and also beat Jobs, a cheap old dog, to the death, The determination to shock the entire circle.

Liu Qian let out a rumor, saying that YY Electronics is currently worth at least $24 billion - three times more than the $8 billion in March. This price is definitely worth it, even if Gu Cheng is now broken in the capital chain, and immediately finds someone to invest in convertible bonds or equity mortgage bonds according to this valuation, he can get money.

What's more, Gu Cheng is not short of money now, according to his current high-speed growth momentum, next year will not say double compared to now, there will definitely be an increase of half to two-thirds, and it is estimated that it will be so fast the year after next......"

These evaluations naturally cannot be simple mathematical accumulation, and all parties have think tanks to carry out precise deductions. But no matter how you push it, everyone almost agrees: by the end of 2008, YY Electronics' market value of $35 billion must be very easy. At the end of 09, 500~55 billion is also possible. At the end of 10 years, maybe 80 billion ......

At present, it seems that if Gu Cheng can't come up with a new epoch-making high-tech growth point, the follow-up development will definitely slow down, reducing to 20%~30% per year, and the market will not be able to spend a lot of money on gambling that is so far away and does not see any signs of it.

Now it depends on how determined the capital is and at what point in time it is willing to discount the capital that is trying to compete for the opportunity to enter the market - if only two or three related industry giants want to buy shares, the competition is not fierce enough, and the price will naturally not be speculated. If Gu Cheng's reputation is loud enough, everyone thinks that there must be a way out for Gu Cheng, and it is not impossible to be hyped to sky-high prices.

At the same time, we also have to consider Gu Cheng's energy and determination to invest in YY Electronics, and whether he is willing to promote YY Electronics and develop this business as the core.

After all, Gu Cheng had a "criminal record" of dumping "Legendary Entertainment" to Sun Zhengyi and the stock price of Legendary Entertainment plummeted, and others would also weigh it, afraid that after investing in Gu Cheng's business, Gu Cheng would continue to slowly divest out the core business......

Fortunately, Gu Cheng gave everyone a reassurance this time: he and Pan Jieying combined, originally only had 42% of the equity in YY Electronics. And this time, he is willing to sell old shares instead of issuing new shares for part of the financing, which is to further reduce his control over YY Electronics.

In this way, small shareholders outside the OTC can worry less about some problems such as "Gu Cheng controls the company, the transfer of interests in related party transactions, and uses the unprofitable model of YY electronic hardware to support YY network technology".

The eyes of all high-tech investment circles have been mobilized.

……

"The change of YY electronic equity intends to issue 10% more cash new shares, that is, to dilute the equity of all existing shareholders by 10%, and this part intends to raise cash capital of 8 billion US dollars. After the cash capital increase, Gu Cheng/Pan Jieying's shareholding in YY Electronics was reduced to 38%.

In addition: Gu Cheng is willing to sell the diluted 15% of the company's equity and replace it with related investment companies: it is currently planned to replace 10% of the equity of Beidou Technology Company (replaced by 6% equity of YY Electronics), 17% of iFLYTEK (replaced by 4% equity of YY Electronics), and 4% of Lenovo Group (replaced by 5% equity of YY Electronics).

After the completion of the replacement, Gu Cheng will hold the above-mentioned shares of Beidou Technology, iFLYTEK and Lenovo Group, while his shareholding in YY Electronics will be reduced to 23%. ”

This price was finalized before the National Day after months of negotiations. According to this plan, the valuation of YY Electronics' current share capital is set at $72 billion, and it will reach $80 billion after a 10% cash increase - about twice the price of Liu Qian's previous real estimate. It can be seen that all insiders recognize that YY Electronics can skyrocket to at least three times the current market share and profits in just two or three years.

The market value of Lenovo Group in Hong Kong is very miserable, mainly because the company has failed too much in the field of smart phone business, and can only hold the PC computer market and take the global shipment of 50 or 60 million units a year.

By 2017, the market capitalization of the Hong Kong stock market was only about 60 billion Hong Kong dollars - however, in 2015, the company had not fallen below 100 billion Hong Kong dollars, and in 10 years it was more than 200 billion Hong Kong dollars.

It can be seen that this is a real "sunset industry", and it has lost three-quarters of its market value in seven or eight years.

At this point in time, Lenovo's market value is still higher than that of YY Electronics at the time of equity replacement. If it weren't for the fact that the other party has a certain amount of technical accumulation in the hardware field of smart phones, which can be used for his own use and help YY Electronics make up for some hard shortcomings, Gu Cheng would not have planned to ask for Lenovo shares.

Therefore, in the process of replacement, Beidou, iFLYTEK and Lenovo, he took the lowest proportion of Lenovo's shares, only 4% of the meaning.

If it weren't for Liu Qian's face, and taking into account the fact that Lenovo has the greatest influence on national capital and public opinion, he wouldn't want it - Old Man Liu's influence is still extraordinary in today's domestic electronic IT circle.

Beidou System Gu Cheng will explore more application scenarios in the future, although there is no epoch-making imagination, it should be regarded as holding a cash flow and expressing a stance on the country. In addition, more security resources can be obtained upstream and downstream of the supply chain.

The career of iFLYTEK is the key to speech recognition and new intelligent input artificial intelligence in the future, and Gu Cheng is definitely earning this part of the replacement he is getting now.

And the $8 billion in cash that increased capital can also be used to invest in many new technologies and R&D projects. This money is purely invested by a few related "Zhao family".

All these deals will be negotiated in the next two or three months. But what Gu Cheng needs them to lobby for must be done immediately. The other party was quite refreshing, and after the initial intention was negotiated, he immediately began to lobby.

The "Mi Guo Ren - Rights Record" of the Information Office of the Huaxia National Academy is routinely released around September every year, and this year it was advanced to the end of August.

The "Record" solidly mentions several points that have been criticized over the years, especially after the file "The Actual Operation of Voter Rights in the United States", two additional points are added.

One is that Apple's flagrant infringement of consumers' right to dispose of property rights has risen to the level of "infringing on the basic democratic premise of free will".

The other is to condemn some mainstream media in the United States for "wantonly exaggerating and reporting on the behavior of some black voters who have not voted for decades, do not understand politics, and have no basic culture and political literacy, but this year they only vote directly based on skin color."

The "Record" of the Chinese side says: The free will of all voters should be absolutely free as long as it is a spontaneous and true expression of the will of the parties concerned, and they are not coerced, coerced or enticed by others. It doesn't matter what uncompelled motives voters make their choices.

In other words, even if those black voters don't understand anything, they just see that O'dark horse is black, so they vote for him regardless of everything, and that is also people's freedom, and some of the media in the United States are talking about it sourly!

The public opinion of the United States in 08 was not as "politically correct" as when the people were in power for eight years, so although there are not many media criticizing the random election of blacks, it is definitely relatively easy to find. After all, this year, the Republican file wants to turn around, and the only hope is to attack "black people are irrational and vote randomly".

After these two things were poked out by the "Record", they immediately caused a lot of international impact.

The little immortal president saw the "red neck and white right" temperament, and it is said that he scolded people in the White House.

Chief Justice Roberts, the Supreme Federal Officer, also saw it, and he was not in a position to comment on the ongoing case, but he also expressed his attitude towards the fundamental right of free will in a relatively private setting: it is the foundation of the rice nut and cannot be shaken.

In Sacramento, the Federal Court of Appeals Circuit, Judge Billy Wellington was under deep pressure.

The case he was trying was actually politically involved. It is said that there is a major resistance in his heart. It is necessary to show that "the independence of the judiciary" and "not being guided by public opinion, especially the public opinion of the enemy country."

However, he could not have a clear conscience. In particular, even if he had not been interfered with by any external force, he had already planned to defeat Apple and the EFF Foundation in this case. If it was just because "the Chinese people want us to judge like this, we just don't judge like this", wouldn't it be the Empress Dowager Cixi?

Only Cixi would think that "the foreigners want us to treat the people of the Qing Dynasty well, and they must want to harm the Qing Dynasty." Therefore, we are fighting the foreigners by doing the opposite and enslaving the Qing minions more ruthlessly."

While Judge Billy Wellington hesitated, two pieces of news came one after another, which finally strengthened his resolve.

One was Secretary of State Condoleezza Rice's personal phone call, asking him to "avoid causing adverse international repercussions" — of course, without the slightest indication of how the case should be decided. Rice is not stupid and would not make such a low-level mistake of falling into the driver's seat.

The second was that he heard Chief Justice Roberts speak from the Supreme Court of the United States.

Under the combination of pros and cons, Judge Billy Wellington can finally "stalk his neck and be Hai Jui".

The secretary of state wanted to suppress me, so I stiffened my neck and sentenced Apple for violating basic human rights!

"The private property of every consumer, every citizen, is sacrosanct.

Every consumer and every citizen has complete property rights to their property, and they absolutely enjoy the means of exercising such expressions as possession, use, income, and disposal, and no individual, government, or organization may interfere with it.

Based on the above principles, the court ruled that Apple's claim to prohibit consumers from 'jailbreaking' iPhones was unlawful. With immediate effect, Apple should end this ban. ”

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