Thursday, April

Lam Cho-fai came to the Hong Kong Telecom Tower in Quarry Bay, which is one of Swire Properties' old nests, Taikoo Place; Taikoo Place consists of eight towers, two of which were sold to Swire Properties by New Era Group.

The property rights and naming rights of HKT Tower, which were purchased by HKT from Swire Properties in 1994, is a modern 43-storey building completed in the 90s, with a property area of 600,000 square feet, and is currently worth about HK$2 billion.

Before the collapse of 97, the Hong Kong Telecommunications Building was worth at least 3.5 billion Hong Kong dollars, which is almost one-third of the price of Queen's Road in Central.

At its peak, HKT had 16,000 employees, and now it still has 12,000 employees, making it a huge machine, and in fact, HKT is the third largest listed company in Heung Kong by market capitalization, and before the rise of the New Era Group, it was second only to HSBC.

It's a pity that such a huge company, because it has exhausted its potential, is gradually going downhill.

Of course, now that Lin Zuhui has taken over, it is natural to give HKT more 'imagination' and 'potential'.

After two months of asset consolidation, HKT has now undergone some changes:

First, New Era Group injected 'Cyberport' and 'Times Telecom's Hong Kong business' into HKT, increasing the Group's shareholding to 60%;

Second, the new management has replaced the original management and has become stronger.

Under the leadership of an assistant, Lin Zuhui elegantly walked into the conference room, and a group of Hong Kong Telecom executives stood up one after another.

Among them, Yuan Tianfan is the director of Hong Kong Telecom dispatched by New Era Group, and he knew that he didn't need to stand up to welcome him, after all, the boss didn't like this; But when everyone got up, he naturally couldn't sit still.

"Boss"

"Sit down, my company is not interested in this!"

Everyone sat down one after another, and they even felt some pressure, which showed the influence of this new boss.

If Li Chaoren could still compete with Lin Zuhui in the past, but now it is obvious that Li Chaoren is not at the same level as Lin Zuhui at all, one can only be said to be a 'world businessman', and the other is a 'world's top business giant'.

After Lam sat down, he looked at the current senior management of 'Hong Kong Telecom', and he did not plan to privatize Hong Kong Telecom, but planned to develop Hong Kong Telecom into a 'giant' technology/telecommunications company.

Therefore, the top management of HKT are very powerful top talents:

Director and Chief Executive Officer of Hong Kong Telecom: Averon, well-known in Hong Kong's telecommunications industry, he graduated from the Department of Mechanical and Electrical Engineering of the University of New South Wales in Australia, and participated in the plan to open up the Australian telecommunications market in his early years, in 1993, he was employed by the Hong Kong government as the Secretary for the Telecommunications Authority, Hong Kong's telecommunications market can break the monopoly situation, he has made a lot of contributions, and has introduced new fixed-line network operators and PCS operators and other competitive mechanisms in the mainland. In the early years of the Information Technology and Broadcasting Bureau, he served as a Special Policy Adviser. Because he was quite familiar with Hong Kong's telecommunications regulations and industry development trends, and was well-known in the telecommunications industry in the Asia-Pacific region, he was immediately recruited by HKT.

Wu Qinghua, the managing director of Hong Kong Telecom, graduated from the Department of Business Administration of Hong Kong Chinese University, was the managing director of Hong Kong Telecom, and was later recruited by the New Era Group as the president of "Times Communications".

Chung Chuyi, Director and Vice President of Hong Kong Telecom, joined the corporate finance department of Standard Chartered Bank in 1988, became the director and general manager of Benda International in 1990, and in 1992, Huang Hongnian and Zhong Chuyi established Zhongce Group Co., Ltd., which has been managed by Zhong Chuyi. The reason why Zhong Chuyi joined Hong Kong Telecom was invited by Yuan Tianfan.

Yuan Tianfan, one of the most famous figures in Hong Kong's stock and financial circles, knew Chung Chuyi as an investment banker as early as his time, and after Yuan Tianfan joined Lin Zuhui's company, he introduced many talents to Lin Zuhui.

"Let's talk about the current situation of Hong Kong Telecom!" Lin Zuhui was the first to say in English.

Averon immediately said with confidence: "At present, we divide the business of Heung Kong Telecom into three parts:

First, the telecommunications business and Cyberport, which is the 'operational' part of HKT, because they can generate a steady stream of cash flow;

Second, PCC business (Internet Policy Control and Billing), broadband Internet services, Internet video, which are also the 'operational' part of Heung Kong Telecom, and we intend to cooperate with internationally renowned companies such as Intel.

Thirdly, HKT set up an Internet fund company, CWH, which specializes in venture capital, which is the 'M&A' part of the company.

Heung Kong Telecom will develop into a VOPERA, like CMGI in the United States, and mergers and acquisitions will be parallel to operation......."

After listening to this, Lin Zuhui's expression did not fluctuate much, these development models, Lin Zuhui probably told Yuan Tianfan, Averon and others just worked out the details, supplemented and implemented.

Of the three businesses, the PCC business is the most 'imaginative', but Lin Zuhui has to admit that this business is used to raise the stock price of 'Heung Kong Telecom'. As for how much success he can achieve, Lin Zuhui doesn't know, after all, he didn't hear how great Li Zekai made in this in his previous life.

And the PCC business has those that are not imaginative:

For example, PCC has partnered with limited TV network operators around the world to install a set-top box (set-top box) developed by PCC and Intel on the TVs of cable TV users, so that users can receive TV programs through satellite and cable fibre broadband systems in the future, and at the same time access broadband Internet access to various e-commerce activities, including online shopping, banking, stock trading, and business transactions between companies.

For example, we have changed the practice of broadcasting sports events on cable TV in the past, and switched to the Internet for broadcasting (when the network speed is enough in the future, we will intervene as soon as possible).

In short, the PCC has unlimited room for development, because according to statistics, most countries in the Asia-Pacific region have a slower economic development and the use of computers and mobile phones is not widely available. With only about 12 million Internet users in Asia (excluding Japan), Internet penetration is much lower than in Europe and the United States, with 70% of households owning TVs. In India, for example, there are currently only 15 million computers and 63.5 million televisions. China has more than 70 million cable subscribers, with a coverage rate higher than that of the United States. PCC plans to India. China. Japan is the key target to conquer.

After listening to all the reports, Lin Zuhui just advised: "Before the CWH fund invests in Internet companies, it can report to me, and invest in emerging Internet markets as much as possible, such as the mainland; As for the United States, although it is the year of the Internet explosion, the bubble is a bit serious, and the asking price of an Internet company is very high. ”

Zhong Chuyi, who was in charge of the investment business, immediately said: "Okay, boss! ”

Lin Zuhui nodded and said, "If there is an opportunity, if I personally invest in a good project in the company, I can also bring this fund." ”

For a while, everyone showed a look of surprise.

Who is this boss?

That is an Internet investment tycoon, there are too many examples of successful investment, and it has even been rated as a technology tycoon second only to Bill Gates by the American media, which shows its strong strength.

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