Chapter 664 [The Importance of Cycles]
Lin Zuhui began to gradually dissolve the investment managers and staff of Matrix Capital, leaving only some necessary positions, because he found that being a venture capitalist was a bit too ostentatious, and it was quite troublesome to apply for cash-out.
Of course, the most important thing is that he doesn't need to make such a high-profile amount of money now.
For example, now Netflix, Jingwei Capital can indeed get venture capital, but in Lin Zuhui's view, if he invests in too many successful examples, it is easy to be suspicious.
Even if he doesn't venture into Netflix, he can still make a lot of money from Netflix, because after Netflix went public, for a long time, the market value was only about one billion US dollars, and there was still a big gap from the market value of 200 billion. He only needs to buy about 4% of the shares in a diversified manner, and he can make a lot of money.
Similarly, the same is true for Google, buying shares from the secondary market, which is more in line with the principle of low profile, can also make a hundred times more profits.
After the downsizing, Jingwei Capital has shifted its direction to the mainland, and Lin Zuhui is also ready to focus on investing in Penguin and Alibaba.
ICQ, U.S. Headquarters.
Lin Zuhui listened to President George's report and thought about the next function and direction of ICQ.
This year, the embarrassed Microsoft and AOL have released instant messaging, but whether it is Microsoft's MSN or AOL's AIM, it is not a threat at all.
Because the function of ICQ is too perfect, and the version is relatively simple and convenient, it has completely become the first social software in English-speaking countries and regions.
Free mailbox, offline messaging, avatar, emoji, notes, voice, chat room, ICQ group...... One by one, the functions are gradually improved, and every time ICQ is updated, it is eye-catching.
When MSN and AIM were launched one after another this year, ICQ immediately updated the version, adding chat rooms, ICQ groups and other functions, which frustrated the idea of Microsoft and AOL in vain trying to seize the social software market.
"Can ICQ go public?"
"Boss, ICQ can't go public because it doesn't have a way to make a profit. Of course, if the boss wants to list ICQ, we have to think about the way to make a profit, that is, to add advertising and other solutions. ”
George respectfully reported that although he was a professional manager and was in charge of ICQ's global operations, the person in front of him could fire him at any time, which was nothing more than losing some money.
Lin Zuhui nodded, but he said: "Advertising affects the user experience too much, and I think we should develop a membership system." ”
Puzzled, George asked, "What are the privileges of a member?" ”
Lin Zuhui said with a smile: "There are many, in short, membership is a kind of respectful identification." As for privileges, such as giving ICQ an upgrade system...... Member's identity plate...... Red Honorable Nickname Display...... Top ..... Friends Panel"
George listened to it like thunder, it turned out that he could still play like this!
Lin Zuhui sneered in his heart, Brother Xiao Ma has been a social software that has dominated a population of 1.4 billion for many years, and you Americans are not other people's opponents at all.
"Boss, you're so creative!"
"Where I came up with it, it was the developers over there who came up with it."
George has no doubt that ICQ is headquartered in the United States, and he is the president of ICQ, while Xiangjiang ICQ is more of an 'outsourcing'.
"Hmm. In this way, then there is no longer any problem with ICQ's listing, after all, we still have advertising revenue, but we do not insert ads at present, but it does not mean that we will have no advertising revenue in the future, so there is no problem with listing. ”
If an Internet company can't explain the direction of your profits, it can't go public.
Lin Zuhui said: "The next version is the main membership function and ICQ games, and ICQ games are also a profit channel in the future, although the current development is casual games. ”
"Yes."
"Alright then, ICQ will be released next year, and we will continue to make it more perfect this year!"
"Yes, boss"
At present, Lin Zuhui has not considered when to sell ICQ, and he does not even want to consider selling it without even $10 billion.
But in Lin Zuhui's view, this price will definitely be realized around 2004.
Why did Lin Zuhui have to sell it, because he was a businessman, and he would sell it if he had a profit. The important thing is that he doesn't want to be too high-profile and has American socialization in his hands.
When the time comes, an antitrust investigation by the U.S. government will be enough for him to drink a pot.
And going public next year, I also hope to divide some of the cake, and I can also raise funds to develop and expand ICQ.
......
Back in Xiangjiang, Lin Zuhui held another high-level meeting of Times Shipping.
Looking at most of the foreign faces, Lin Zuhui has already adapted to the high-level management of many of his group subsidiaries, and foreigners have an advantage, such as Langham Hotel Group. For example, although Amazon Shopping Center is a grandson company, it is actually the treatment of a subsidiary, and the president and other senior executives can report directly to the group and Lin Zuhui.
"How is the acquisition of the international container business of South African shipping Safmarine, sea and land services, progressing?"
South African Shipping operates about 50 liners and about 80,000 container ships with its container shipping fleet, which covers a total of 10 industries and costs about 600 million US dollars;
The sea and land services include 70 vessels, nearly 200,000 containers, and 16 terminals (partial equity or operating rights), offices and institutions around the world, with a price of about 800 million US dollars;
The two purchase prices are around US$1.4 billion, equivalent to more than HK$11 billion in expenditures.
Of course, once the acquisition is completed, Times Shipping will officially become a world-class shipping giant, and its business will soon be in Asia, Africa, Europe and the United States.
After years of development, the strength of the predecessor of Times Shipping itself, Xiangjiang Shipping, is the first of the three major shipping in Xiangjiang, so it has the foundation of operation.
Morris said confidently: "It's underway, it's going well at the moment, and an agreement is expected to be reached soon." ”
His self-confidence comes from the fact that the group has fully delegated power to him, and the price is more relaxed, and there is room for negotiation.
Of course, Times shipping also has weaknesses, that is, globalization and digitalization have just begun to develop, in fact, if these two shipping companies are acquired, I am afraid that they will not be able to digest it for a while.
Fortunately, SAFMARINE in South Africa itself is acquired together with brand rights, trademark rights, etc., and can operate independently.
The container business of sea and land services is itself the advantage of Times Shipping, and it is not difficult to accept.
Lin Zuhui nodded and said, "Okay, I believe that you can successfully complete the task, and I will give you the greatest support." However, I would like to emphasize that surpassing Maersk is our biggest goal, so we must strive to fully demonstrate the globalization and figures of the shipping of the times, and the management of the group should be world-leading. ”
"Yes, boss!" Everyone said excitedly.
Everyone understands that the core of Times Shipping is still this boss, after all, what is the most important thing to do shipping?
It's stepping on the 'cycle'!
If you can't step on the 'cycle', not only will it be difficult to make money, but it will also be easy to go bankrupt!
In the 90s, shipping stocks and bonds were feared by investors, saying that shipping was sluggish throughout the 90s; And now the financial crisis in Asia has made shipping even more sluggish.
The boss is strongly involved in shipping at this time, and with the legendary experience of the world's richest man, they know that the boss is betting that the shipping cycle is coming.
In fact, Lin Zuhui is also thinking about the acquisition of South Africa's safmarine, sea and land service container business, etc., which does not need to consider the cycle, because the business in Europe and the United States does not have much impact (there is only a little); What's more, it's mainly the business that is acquired, that is, the customer.
So don't think about these things, anyway, it's just buying, buying, buying.
Even if it is actually mature, it can also directly acquire the world's third shipping company Tiexing Zhahua, after all, this company was sold to Maersk in the previous life.
What he needs to consider is the bottom-buying ships, which are of various types, and the proportion of container ships is not even large, such as natural gas ships, iron ore ships, oil tankers, etc.
In the first half of this year, Times Shipping took advantage of the depreciation of the Korean won and the Asian financial crisis to order 2.1 million tons of various ships in South Korea, at a cost of about 1.7 billion US dollars (US dollars delivered, but the price of the ship fell by nearly 4% with the depreciation of the Korean won), and also spent 100 million US dollars to buy several second-hand ships (continuous purchase).
Once these vessels are delivered, they must have a business, or be leased out, otherwise they are wasted.
As far as Lin Zuhui knows, since 2003~2008, the shipping price has increased several times, which is very profitable, and the shipping stock is the favorite of investors.
The new ships ordered by Hyundai Shipping will be delivered in 2001.
Of course, as long as you understand the cycle of shipping, all planning is not a problem, and you can make several times more money than others.
For example, in the first ten months of 2008, users were encouraged to sign long-term contracts, tempted by discounts, and not to be fooled too much.
Another example is that before October 2008, some ships were sold at high prices, and major demand companies rushed to buy them.
Therefore, as long as you understand the cycle, Times Shipping can not only buy the bottom of the ship, but also buy a large number of cheap ships;
You can also make a big profit during the peak shipping period;
It is also possible to sell the vessel in advance or enter into a large number of long-term charter contracts.
Earn several times!
Finally, Lin Zuhui said: "Times Shipping also needs to develop a core business, that is, ship leasing services and aircraft leasing services, and I hope you will complete the establishment as soon as possible." In short, you are all top business elites from all over the world, and I don't want you to make the management system and operational efficiency of Times Shipping Group lower than that of Maersk and Mediterranean Shipping with the support of a large amount of funds from the group. ”
These people are all high-paying talents, and they are tempted by the investment scale of the New Era Group, so they have changed jobs. Times Shipping's initial plan is to invest more than $10 billion within three years.
"Yes, boos"
Next, Lin Zuhui became an audience, and a group of executives began to discuss specific work.
In fact, Times Shipping is profitable no matter what, relying only on the business of leasing services.
However, Lin Zuhui hopes that Times Shipping will be better than Maersk in the previous life and become a real world giant.
The other three major businesses: sea/air, port/tugboat, logistics/transportation
Among them, sea/air transportation requires excellent management system and company efficiency, so as to attract customers; In this regard, Maersk has a great advantage, because many large enterprises in Europe and the United States are loyal customers of Maersk, such as IKEA, a furniture giant, wherever it goes, it will take Maersk wherever it goes, this situation is the case in many giant enterprises, even if they enter the mainland, they are also with their own shipping companies, and some importers are named to a shipping company to serve, and mainland exporters can only do so.
Therefore, the business of shipping/air transportation is the shortcoming of Times Shipping, so Lin Zuhui took acquisition as a means to take down the original shipping company business; Of course, I also like these management to show results and attract more new customers; Finally, with Lin Zuhui's signboard, it can also attract a lot of customers.
Port/tugboat, this business is not said, stable and profitable, is also the core business of Hutchison Whampoa; In his previous life, it was common for Li Chaoren to buy and sell assets, but he did not sell the port, because he said that it was the core asset of Hutchison Whampoa.
Logistics/transportation, this is a business that has gradually become profitable since the turn of the millennium. In the previous life, after witnessing the collapse of many shipping companies, Maersk immediately made efforts to develop logistics/transportation, especially logistics, which is much more stable than sea transportation.
Therefore, the four core businesses formulated by Lin Zuhui are equivalent to the core key of 'making money'.
In a meeting with a group of high-level executives of Times Shipping, Lin Zuhui not only said a few words of outline in the front, but also took notes and listened carefully, which made the senior executives even more admired. This boss is not a layman in shipping, because the boss has been doing shipping for nearly ten years.
But others are very modest, and rarely express any other opinions except to tell everyone about the general direction; And once the opinions were expressed, it was obvious that the boss was very convincing and professional.
After a meeting, major high-level executives have gone to all over the world to build the giant ship of Times Shipping.
Lin Zuhui only needs to pay attention to their progress, in addition, the group's executives are also paying attention.
On the whole, the management of each subsidiary has a lot of power, but it is under the governance of Lin Zuhui's outline.
Such a large group organization has more advantages than any other large group in the world, at least it will not incur losses.
This is the case for real estate and shipping, which are very cyclical;
The hotel industry itself is an industry with small profits and quick turnover, but it is better to be stable, and it is rare to hear of the collapse of large hotel groups;
As for commercial real estate management, as long as the debt is low, you will not lose money in ten lifetimes.
Beverage and food, the future of the profiteering industry, brand is a long-term guarantee.
On the whole, New Era Group is not only stable, but also has great development.
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