Chapter 284: Digging People

Warren Buffett has a special habit of not just wanting to invest in a manager or company he likes, but to buy it directly.

Chu Qing undoubtedly belongs to the kind of people he is very optimistic about. Therefore, for Chu Qing's new project, he is willing to ask for a controlling stake of 25% as soon as he opens his mouth.

It can also be seen that he trusts Chu Qing.

Of course, for his request, Chu Qing naturally couldn't really agree.

If you change to someone else, in the early days of the emerging industry, you can get so much attention from Buffett, which is undoubtedly very good news.

But here in Chu Qing, he didn't want to give him so much, because no one knew better than him the future of new energy vehicles.

Although he hopes that the new energy vehicle project can take Buffett's money, and through him to achieve the goal of going to the rice stock market.

But everyone knows that Warren Buffett is a stock investor, not a real industrialist.

He is used to starting at the low point of the industry and then selling at the high.

If he was given such a high controlling stake at the beginning, it would not be of much benefit to Chu Qing to completely control the company in the future.

So in the end, after some tugging, Buffett won 18% of the shares of Tesla and BYD, a new cooperative new energy vehicle company, at a price of 30 million US dollars.

That is to say, there is no new car company that has not yet appeared in any finished products.

In the early days of the business, the valuation reached $150 million.

Although this is nothing in the automotive industry, it is important to know that today's new energy electric vehicles have not yet made any gains in the market.

Whether it is Tesla or BYD, they are only small enterprises in Huaguo, and they have no experience in building cars at all.

However, Buffett still voted.

"Brother Qing, how do you know that he will definitely vote for our project?"

After the dinner, Duan Guohong looked at the back of Buffett leaving, and asked the doubts in his heart very puzzled.

"Thirty million dollars is indeed a lot for ordinary people, but for Berkshire Hathaway, who has tens of billions of funds, it is just a drop in the bucket."

The reason why Warren Buffett's investment company has been able to maintain a high growth rate of more than 20% is that he can always find a unicorn at the end of the day and hold it for a long time.

Whether it's Coca-Cola or BYD.

As Chu Qing said at the beginning, the US government invested $1.5 billion in the research and development of new energy, which is a signal.

Nowadays, global car companies are beginning to look for new entry points.

Although neither BBK nor BYD has any experience in manufacturing cars.

But this is not a problem at all in the early days of the development of the new industry.

And often many times the game-breakers are those laymen who don't understand anything.

They have no baggage and can travel lightly without any scruples.

Compared with large companies such as General Motors, Toyota, and Renault, they may be able to succeed more easily without internal constraints.

So for Warren Buffett, it is completely worth spending 30 million to invest in an emerging traditional industry.

Since he is willing to fly all the way from the United States to Asia, he naturally doesn't care about the small amount of 30 million.

It is a very good choice to gamble on an industry with this little money.

Moreover, he is not blindly investing, he has both trust in Chu Qing's past successful experience, and also has their technological breakthroughs to support.

"It costs $30 million for a meal, maybe this is the world's richest man."

Regarding what Chu Qing said, Duan Guohong still didn't dare to imagine it.

But how did he know, this is the way that?

This is still Buffett took the initiative to send money to himself, and the last auction of Buffett's lunch in the future sold for $19 million just for this qualification to eat with him.

Thinking that Lao Duan also spent more than 600,000 yuan and had a meal with Buffett, he should have called Lao Duan today and asked him to come to the scene to pay for it.

Thinking of the praise of those people in later generations, Chu Qing felt that he had nothing to pursue that day, and he could also come to do such an event.

Just like Warren Buffett, it's not to make money, it's just to pretend.

When it comes to marketing operations, it has to be him.

Isn't Buffett relying on auction lunches again and again to make him more and more fans all over the world.

You must know that before he did the Internet auction lunch, the highest bidder only bid less than $50,000.

Since the start of the auction through eBay, the bidding prices have been getting higher and higher.

If you want to say that pretending to be forced has to look at the old man, Huang Qiuwang probably can't catch up with this point.

"Is anyone coming?"

Without too much emotion about Buffett's marketing methods, Chu Qing turned to ask about another person he had come to Xiangjiang to meet this time.

"The person has already come, and he knows that you have an appointment with Mr. Buffett, so he went to the suite in advance and waited."

……

Looking out from the 27th floor of The Peninsula Hotel, you can see Victoria's ever-changing night view below.

In the neon flashes, the reflection is the drunken gold fans of Xiangjiang.

Zheng Donghan, who entered Xiangjiang Polygram at the age of 24, has also been in the entertainment industry in Xiangjiang for 20 years, and has broken out of the title of entertainment trader.

single-handedly became popular Teresa Teng, Xu Guanjie, and Alan Tam, and made him the only president of the Far East region of an international record company.

It's just that in recent years, global music has suffered from the impact of piracy, and even if he can push people, he still has to face the reality that it is becoming more and more difficult to sell records.

In particular, the various labels under the parent company Polygram are operating chaotically and have been in constant disputes. In the past year, if it were not for the help of the new VCD business, it is estimated that the financial problems of the parent company would have been thunderous.

The Xiangjiang branch seems to be slightly better at present, but as big-name singers continue to be poached by competitors such as Warner. If it is dragged down by the parent company again, it may not be long before Polygram will no longer be the No. 1 record company that once dominated the Hong Kong music scene.

Thinking about the recent bad news from the head office, Zheng Donghan could only sigh helplessly.

He had worked for PolyGram for almost two decades, and he didn't want to leave if he wasn't forced to do so.

Not long ago, because mp3 and digital music brought a new trend in the United States.

Philips and Siemens, the holding companies of PolyGram, agreed that digital music would replace traditional records.

Then there are the financial problems caused by the Mi Guo branch, so Polygram has decided to put the Polygram brand on the shelves in the near future.