0387 Meeting (2)
Genius remembers in a second [Aishang Novel Network biquge.info] to provide you with wonderful novels to read.
"Of course, that's not the point of my words!" Song Chen raised a finger and said, "The point is that at the beginning of the business, I planned today's step early, and Son's funds made me have the strength to ensure that my 'pace' is calm and rhythmic when I run forward!" β
"Hiss" everyone gasped!
Originally, everyone vaguely thought that Song Chen only realized the danger of the bubble in the capital market at the end of the middle of last year, but who would have thought that when Song Chen was just a college student, he had already calculated today's scene!
"It's not hard to recognize this, we can prove it with the example of Cisco!" Song Chen raised his head. The radiant self-confidence made Zhai Yan, who was staring at him closely, feel sincerely happy and proud: This is my man!
"Cisco went public in January 1995 at a price of $1.85, and it took just over five years for Cisco's stock to rise from $1.85 to $77.31, a 42-fold increase, with a triple-digit price-to-earnings ratio and a total market capitalization of nearly $6ooo dollars. What would happen if we assumed that Cisco would grow at 15 per year for the next 25 years, while the U.S. economy would grow by 6? Cisco will be bigger than the entire U.S. economy! The bubble is obvious, there is not the slightest connection between the stock price and the company's growth expectations! So, when the bubble burst, even blue-chip stocks like Cisco were ruthlessly abandoned! β
"Of course, the best example is not Cisco, as long as the 8848 is taken out, the highest price of 88 US dollars 8848 is not inferior to Cisco in stock price, however, 8848's total revenue last year was less than a fraction of Cisco! So why is 8848 so popular among people? Song Chen didn't wait for a high-level answer before answering himself, "Because the domain name of 8848 is ., and it 'monopolizes' the Chinese B2c market, that's all!" Observing the stock price and performance of listed companies only confirmed my suspicions at the beginning, and it turned out to be so! It's just that the forecast of the date is a little different, I always thought that the bubble would be crushed at the end of last year, and I didn't expect the bubble in tech stocks to last until April this year! β
Song Chen's "plausible" and "half-true" explanations somewhat dispelled the mysterious aura that shrouded him, and the smart brains of the people present also automatically made up for the plot of the next life: because of the wrong prediction period, China Chenxing Holdings suffered as much as hundreds of millions of interest losses in less than half a year, although the dividends of American Chenxing Holdings can hedge this loss, but before the consolidated financial report of Sino-US Chenxing Holdings, the loss of China Chenxing Holdings will naturally be reflected in the ** financial report!
However, compared with the loss, it is indescribable and fruitful: the total loan of 1oo00 million yuan can leverage tens of billions of financial assets, whether it is capital mergers and acquisitions, or increase capital investment in subsidiaries, or squeeze the living space of competitors, it has a very powerful effect!
"It takes a process to reflect on the economy, correct mistakes, and suppress bubbles, and it remains to wait and see in the coming months! But, I'm pretty much done! Song Chen raised his hand again, then looked down at his subordinates, "Next, it's your stage!" The plans that have been interrupted since last year are now ready to be implemented! β
Although all the people present were elites and had good self-cultivation, after listening to Song Chen's last words, everyone still couldn't help but clench their fists and roar excitedly.
Yes, although Song Chen's eyes are like torches, and the market intuition is surprisingly accurate, but he does not have the experience and knowledge of capital operation, nor has he learned any management skills.
Song Chen raised his head, glanced at the excited subordinates, and finally looked at the man in his thirties who was sitting not far from the left hand position, and said with a smile: "Mr. Wu, there must be complaints about your acquisition plan last year!" β
Wu Jiong's face turned red, and he said ashamedly: "I didn't expect you to calculate the Internet bubble, chairman!" According to my original plan, once the acquisition of Kompass Ventures, the company will lose at least $8ooo! And according to the current downward trend, every day that passes, the losses will become stricter! β
Wu Jiong is the president of Alibaba E-commerce Company, a subsidiary of Alibaba Group, last year, in order to enter the international market, and at the same time get the credit number and management experience of 2oo small and medium-sized enterprises around the world, so Wu Jiong plans to acquire the French Compass company, this acquisition has received a positive response from the Compass company, Zhai Yan was also willing to consider it, but the plan was put on hold when it came to Song Chen's hands!
The reason is that Kompass is too expensive! And now, Wu Jiong is convinced!
At this time, He Yuntao, as the executive officer of Alibaba Group, asked with concern: "Last year, the valuation of Compass was 420 million US dollars, has Kompass lost 8ooo US dollars in such a short period of time?" β
Wu Jiong smiled: "Not bad! The capital crisis caused by the NASDAQ has not only affected the United States, but also has a great impact in Europe, according to the current news, the investment institutions of Compass have the possibility of seeking to sell Kompass as a whole! But ......"
"But what?" Song Chen asked.
"Compass has about 35 percent of the shares in SoftBank Group!" Wu Jiong said in a deep voice, "The NASDAQ collapsed, and the Nikkei index was greatly implicated, especially the SoftBank Group, which has a great influence in global technology stocks. But as far as I know, SoftBank Group holds a $200 million venture fund, and the debt repayment pressure in the next five years is not great, and Son ......"
Before Wu Jiong could finish speaking, he was interrupted by Song Chen, whose face changed slightly, raising his hand: "Wait...... You're saying that SoftBank Group has $2o billion in its hands? β
Wu Jiong nodded cautiously: "Not bad!" $2o billion, maybe a little less, but at least $1.8 billion! β
Zhai Yan knew Song Chen's plan, and seeing Song Chen's face change, she comforted: "Son Masayoshi is an investor who pays attention to the long-term value of the company, but he also needs to consider the construction of SoftBank Group's investors, and given the relationship between you and SoftBank Group, and the unknown of SoftBank Group in Chenxing Holdings, I believe he will carefully consider your request, don't forget, Son Masayoshi is still the second largest shareholder of Alibaba E-commerce Company!" β
Song Chen nodded silently, and then asked Wu Jiong: "Have you done a survey on the capital chain of Compass, and how long can it last?" β
"Compass's capital flow is relatively healthy compared to other Internet companies, but it can't resist the strong cash-out psychology of investors!" Wu Jiong replied, "I hope Alibaba Group will approve my acquisition of at least $150 million!" β
Everyone didn't expect Wu Jiongdu to be so fast, and he had to take a budget of nearly 150 million US dollars from the company's books with one mouth, and Wang Juntao, the executive officer of 8848 seats, smiled slightly: "Old Wu, I usually can't see that you are moving so fast!" β
Wu Jiong smiled and said: "No way, the cake is so big, there are so many brother companies to grab food, if you don't open your mouth, I'm afraid I won't have a chance!" β
"Haha!" Everyone laughed.
Now that Wu Jiong opened his mouth, Zhai Yan, who is the chairman of Alibaba Group, could not help but answer, she said to Song Chen: "Compass has a very rich marketing information resources, and it also has a dominant position in China equivalent to Ctrip in the world. Alibaba's e-commerce company will also become the second leader in the global B2B business after 8848, which is an acquisition worth looking forward to! β
Song Chen nodded, and then asked the others, "Is there anything else?" Chongxin, have you counted the plans I asked you to list? β
Cai Chongxin nodded, looked around at the person in charge of the subsidiary, he turned back to Song Chen and said: "At present, except for Chenxing Games, Chenxing Entertainment, and Alipay, each subsidiary has different big projects, including Baidu's digital jΓΉ center project, Ctrip's bottom-buying acquisition plan, and even Chenxing Software has a private cloud plan similar to Baidu!" β
"Cloud computing?" Many people have never heard of this plan, so they have turned their heads and ears, and their eyes have become inquiring when they look at Huang Ruhai, the executive officer of Chenxing Software, who has always been low-key.
This plan was originally given by Song Chen to Huang Ruhai's research, so he asked, "Ruhai, can it be implemented after research?" β
"You can try!" Huang Ruhai nodded very pragmatically, "I hope to use Baidu's server center project to open up a cloud computing research base with relatively first-class facilities to support the research work of our engineers!" β
Zhu Tiejun smiled dumbly: "Ruhai, if Mr. Cai doesn't say it today, I don't know that you hit me with your idea!" What about the rent that is good, do you want to give it? β
Huang Ruhai smiled slightly: "That's the work of the internal transaction management control department, and I will give you a lot of the 'rent' that should be paid!" In short, only temporarily! β
Cai Chongxin smiled at Huang Ruhai and said, "Whether it's temporary, I don't know!" Don't talk too busy, maybe your two companies will look up and see you in the same base, and you will merge your office! β
"If you don't consider the value of land, once the cloud computing industry is up, it is not impossible to merge the industry!" Song Chen smiled slightly, and asked Huang Ruhai again, "When can you get results?" β
"Before the end of this year, we have demonstrated it on a small scale, and we think that it is a very promising industry!" Huang Ruhai smiled, and then he said, "If we can get googLe's server and data jΓΉ library technology, it will be even more perfect!" This can save a lot of money! (To be continued...)