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MusicOnline, which aims to develop the world's largest online music store, is supported by iPlayer hardware sales, and Toshiba accounts for more than 40% of the global market's monthly iPlayer shipments. On the other hand, the website's revenue at this time is far from being able to cover the huge costs of continuous expansion and daily operation, Xiao Jincheng has a report on the expansion and operation of the website in the world's major Internet countries and places in the next two years, and at least 60 million US dollars will be invested in the next two years - these have decided that Kumho will transfer the equity of the global music online website to Toshiba to obtain funds for the continuous development of the website. Pen, fun, pavilion www. biquge。 info

As for how much Toshiba injects, what proportion of equity it will obtain, and how to limit the management authority of the website, these are all things that need to be quietly sat down and negotiated slowly; by the end of '98, the upsurge of Internet investment was gradually surging, and the market value of the website that occupies an absolute monopoly position in the market segment will definitely not be underestimated.

This is also part of Toshiba's request to make adjustments in the distribution of interests in the future iplayer field - in short, Gangmura Mu and his assistant Moriyamano came to visit without the slightest unpleasant experience, and their requests were all positively responded to by Zhang Ke.

After chatting for a long time, Zhang Ke got up from the sofa and looked through the floor-to-ceiling glass curtain wall to see the sunset shining in the sea water of Victoria Harbour, like 100 million gold coins hidden under the clear blue water.

Gangmura Mu, who is only in his early forties this year, is regarded as a representative of the Young Zhuang faction within Toshiba, but compared to the young man in front of him, he is really a bad old man, and it is not clear how he effectively restrains the elite management team composed of Chen Xinsheng, Su Jindong, Ding Huai and others. I heard that Mitsui & Co.'s general representative in China, Hidezo Ikesa wants to organize its member companies to carry out large-scale strategic cooperation with Huaxia Electronics, but I wonder if Toshiba is not in Hidezo Ikesa's plan? ”

"......" asked this question directly, Gangmura felt a little sudden, he hesitated a little, and then said, "Toshiba cannot be regarded as a member company of Mitsui, but if Ikesa Hidezo's plan is conducive to the development of Toshiba, Toshiba will not refuse - but if there are interests, I am afraid that companies such as NEC, Sony, Panasonic, and Sharp will fight for the past first......"

The meaning of Gangmura Mu's words is very clear, Zhang Ke smiled slightly: Gangmura Mu's words can't be completely taken seriously, although Toshiba has long been excluded from the series of Mitsui's core member companies, but the close connection between Japanese companies is difficult for outsiders to imagine.

The Lee Kun-hee family ostensibly holds less than 4% of the shares of the Samsung Group, but Lee Kun-hee is involved in the bribery case and resigns from his various major positions in the Samsung Group, but he still firmly controls the operations of the entire Samsung Group -- the development of the contemporary financial system and the implementation of the cross-shareholding plan can completely disguise the real controlling stake of the company.

Zhang Ke had already gradually implemented a cross-shareholding plan within the Kumho system, so as not to expose his wealth directly to the public in the future would be too appalling.

As a result of the overseas business, AIDA Group will become the nominal largest shareholder of Kumho Corporation, holding more than 40% of the shares, and Zhang Ke, together with Xie Wanqing, Sun Shangyi, Ge Mingde, Ye Jianbin and others, will hold nearly 60% of Kumho Sho's equity in the name of a private company, a holding company or a subsidiary.

In mid-September, Zhang Ke and Xie Wanqing jointly transferred part of the shares of Aida Group and Yuexiu Holdings to the Guo family, Ma family, Chen family, He family and other Southeast Asian Chinese business families, and Aida and Yuexiu controlled Kumho's best quality business and assets, allowing Guo, Ma, Chen, and He families to share Kumho's core interests, and also wanted to further draw them under Kumho's banner.

In addition, Zhang Ke has also been actively increasing the shareholding ratio of management and core employees in its member companies.

Chen Xinsheng, Su Jindong, Ding Huai, Chen Hanzhang, Xiao Jincheng and other senior executives and core employees have increased their shareholding in Aida Group to 18%.

In the past few months, Zhang Ke has preliminarily completed the cross-shareholding between Kumho Corporation and Kumho member companies such as Yuexiu Holdings, Aida, and Shin Kong Paper, and the Kumho System has initially formed a complex system with AidaGroup and Kumho Corporation as the core in terms of financial structure.

Although there is no change in the total equity held indirectly or directly, under the new system, Zhang Ke's direct shareholding in Kumho's subsidiaries in his private name has been reduced to a fairly low percentage, at least until next year, when the British Hurun comes to China to rank China's richest people to raise the Hurun Rich List, even if the relevant parties' confidentiality measures are not in place, Zhang Ke's private wealth that can be directly calculated will not allow him to occupy too prominent positions - of course, If a young man in his early twenties owned even hundreds of millions of dollars of wealth privately in '98, it would have shocked the vast majority of people's attention in China.

It is certain that the implementation of an extremely complex cross-shareholding plan to entangle the rights and interests of domestic and overseas companies is essentially to take precautions to avoid people or institutions coveting Kumho, and also to avoid the wealth directly owned by Zhang Ke's private name from being too dazzling in the eyes of the top management.

The end of the 90s was a critical period for the great development of the domestic private economy, and private entrepreneurs with a net worth of billions, billions, or even tens of billions were no longer a fantasy, but in this country where private property rights have not been thoroughly recognized, is there an upper limit to the accumulation of private wealth? Zhang Ke is hard to say. Looking up at the sky, there seems to be no obstacle above your head, but there is a ceiling like transparent glass, and you can't feel it until you don't hit it with flesh and blood.

There are also disadvantages to this, such as the fact that the two core companies of the Kumho system, Aida Group and Kumho Corporation, will inevitably be unable to go public on the securities market due to their overly complex financial relationships.

Sending Gang Muraki and his assistant Mori Yamano away, Zhang Ke and the others walked back to the living room.

Chen Xinsheng asked: "Will Toshiba agree to a 30% stake in the global music online website in exchange for a capital injection of 60 million US dollars?" ”

"The institute is quite optimistic about the development trend of the global Internet economy in the next two years," Zhang Ke smiled, "At first, they would not agree, but the longer it drags on, the more beneficial it will be for us, and the greater the pressure on them...... It's a big deal to drag it out again, and then Toshiba refuses to commit it, and Scooper. ”

The injection of 60 million US dollars in exchange for a 30% interest means that the remaining 70% of Kumho's equity is worth 140 million US dollars, and Kumho's total investment in the past year, including the acquisition and re-injection of global music online websites, has not exceeded 30 million US dollars.

Zhang Ke rushed to Hong Kong, people had to stop for a while, just sent Gangmura Mu and Mori Shan Ye away, the phone call of Scooper's executive president Aimer came in, Zhang Ke smiled and said to Chen Xinsheng: "Look, Scober's movements will not be much slower." At this time, Fu Jun ran over and told him that the car sent to pick up Tang Jing had arrived downstairs at the hotel.

Putting aside the seriousness and seriousness in business, Aimer, who is witty and mild-mannered, is a friend worth dating, and Zhang Ke did not let Chen Xinsheng or Su Jindong deal with Aimer, but invited Aimer to have dinner together.

The tourist restaurant is located on the top floor of the Renaissance Seaview Hotel, tomorrow is the official opening day of the Hong Kong Electronics Fair, the people who come to dine in this tourist restaurant are well-dressed, many people are in the industry to drop downstairs can cause an uproar of the big people, Zhang Ke They chose a window seat, Aimer is also quite eager to talk to Zhang Ke he recognizes the big man. 、

Zhang Ke also recognized some acquaintances, and Lee Jae-so, a special manager of HG Samsung China Investment Company, sat down with Sony's Watanabe Keiichi to talk.

"It's really big shots," Tang Jing held her chin and observed these big guys with interest, "I see that they are not much different from you, some people are so ugly." ”

Zhang Ke pressed his hand on her smooth and bright forehead, and said with a smile: "Ordinary people are like this, one nose and two eyes, if you want to say that there is a difference from ordinary people, only the degree of filth in your heart is not comparable to ordinary people......

"What about yourself?" Tang Jing playfully questioned Zhang Ke.

"It's pretty much the same, he's the same," Zhang Ke pointed to Emmer, who was sitting opposite, "I kindly invited him over for dinner, his eyes flickered, and he couldn't think about how to get Kumho to give up more benefits to Scottber......"

"Ahem......" Aimer was drinking French soup with a spoon, and when he heard Zhang Ke's words, he almost squirted out the soup, wiped the residual liquid from the corner of his mouth with a napkin, and complained to Zhang Ke with his strange Mandarin with a smile, "I'm just thinking about how we can go further on the road of cooperation......

"Okay, let's just listen to you and talk about how the two companies can go further on the road of cooperation......," Zhang Ke said with a smile, grabbing Tang Jing's soft and tender hand and putting it in his palm, slowly rubbing it, leaning comfortably on the back of the chair and listening to Aimer's argument.

"iPlayer's market in Europe and North America in the next few years, Global Music Online should also mainly develop its business in these regions, don't you think that allowing Scober to participate in Global Music Online will also be beneficial to the business development of the website in these regions?" Aimer said, but he did not hide Scober's covetousness for the online interests of global music.