My 1999

"Hello, viewers, welcome to this episode of "A Date with Luyu". Today we have invited Mr. Sha Zhengzhi, a master of electrical engineering from the University of California, Berkeley, a partner at Netscape, and a Silicon Valley investor."

A middle-aged man wearing a light blue shirt, glasses, and a slightly fat figure appeared on the TV screen.

"Hello, viewers, my name is Sha Zhengzhi."

"Mr. Sha, we all know that you were the CEO of Sina in 1999?"

"Yes. In March 1999, at the invitation of Wang Zhidong and Jiang Fengnian, I came to Sina as CEO. At that time, Sina was just a small company in Zhongguancun."

"As a result, under your leadership, it became the number one portal in China, with a peak valuation of US$770 million." Chen Luyu smiled and praised him.

Sha Zhengzhi showed a hint of joy on his face.

As a top talent in Silicon Valley, he brought huge attention to Sina after arriving at Sina, and also made this small company truly enter the eyes of investment banks.

This was the great development that followed.

Chen Luyu wisely did not ask the other party why he left Sina after only working for half a year.

"What do you think of Hongmeng's acquisition of Sina?"

"I just learned about this not long ago, and I don't know much about it. But Xu Liang, a young man, is indeed very powerful. Looking at the top business geniuses in the world who can compare with him, there are only a few people such as Bill Gates and Steve Jobs. "

"It seems that you admire him very much?" Chen Luyu said.

"Yes. There are always some amazing and talented people in the world that you can't help but respect. Especially his ability to acquire Sina in one fell swoop surprised me even more."

"Why?"

"Because I know Duan Yongji. He is a veteran who is good at maneuvering and capital operations."

"Can you tell me more specifically?"

Sha Zhengzhi nodded, "In 1989, Stone Group was in turmoil. Duan Yongji and Shen Guojun, then president, fought openly and secretly. In the end, Duan Yongji became the president in 1991 and has been in control of Stone Group for eleven years.

If Sitong Group makes Duan Yongji gradually become proficient in political tactics, then Zhongguancun Technology's CDMA project will be a gambling-style harvest of his capital operation.

To this day, there are still unsolved mysteries about Duan Yongji's use of Zhongguancun Technology to promote CDMA and its illegal guarantee financing, but he himself has undoubtedly reaped dazzling benefits.

Then there is the story that everyone knows, that he teamed up with Wang Yan and Mao Daolin to drive Wang Zhidong out of Sina. "After a pause, Sha Zhengzhi continued with a smile.

"I think everyone must be curious. Since Duan Yongji was the mastermind behind Wang Zhidong's ouster, why didn't he take the position of CEO of Sina himself instead of hiding behind the scenes?

In fact, this is where he is brilliant.

The CEO is fully responsible for the company's business. If you succeed, you will have achievements. If you fail, you must take responsibility. You cannot hide from it.

You can always push him out as a scapegoat.

I am sure that if Hongmeng had not intervened and the cooperation between Sina and Sun TV could not completely improve Sina's revenue dilemma, Mao Daolin would have been the next Wang Zhidong.

As the co-chairman of Sina, Duan Yongji, because he is not the top leader of the company, does not need to bear operational responsibilities, but he can sit firmly on Diaoyutai. No matter who you are as CEO, you must listen to me.

Unsurprisingly, Sina shares a similar fate with Sitong Lifang and Zhongguancun Technology controlled by Duan Yongji. But maybe God has become disgusted with this guy who likes to play politics and stir up trouble, and found him a younger and smarter opponent. This time he failed. "

There was a sense of schadenfreude in Sha Zhengzhi's words.

"Looking at it this way, Mr. Xu Liang is indeed very powerful." Chen Luyu agreed.

"If I just look at the various methods used by Mr. Xu to plan for control of Sina, I will never believe that he is only 19 years old. He is like an experienced hunter, hunting his favorite prey very patiently.

His first move against Sina was his cooperation with SoftBank last year. He obtained 8.7% of Sina's equity from the other party and became Sina's third largest institutional shareholder.

After getting the equity, he didn't make any more moves. After two or three months passed and Sina relaxed its vigilance against him, he started his second offensive.

With the website encyclopedia, this looks very tempting fruit, and Sina has been hooked.

Website Daquan is worth US$120 million, while Sina's cash reserves are only about US$100 million. If Sina wants to acquire Website Daquan, it will definitely have to pay part of its equity.

In this way, Hongmeng’s shareholding in Sina will definitely exceed 20%.

Even if you don't get the 34% equity required for a veto, it won't be too far off.

But at the last moment, he was defeated by Duan Yongji's greed and Microsoft's generosity.

Although he failed, Xu Liang did not give up.

When he couldn't solve the problem internally, he turned his attention to the outside.

First let Morgan Stanley acquire Sina's equity from institutional shareholders. When everyone's attention was attracted by Morgan Stanley, Hongyan Fund began to acquire from the secondary market.

At this time, due to Morgan Stanley's acquisition of the stock price, there were a lot of selling orders in the market, so Hongyan could easily buy enough shares.

By the time Duan Yongji and Sina reacted, they were already helpless.

This strategy of building a plank road to seduce Chen Cang secretly is very clever.

What's even more rare is that Mr. Xu is neither arrogant nor impetuous, calm and calm. He spent nearly a year planning Sina's equity. It is hard to believe that he is only 19 years old. He is so powerful.

Therefore, Duan Yongji’s defeat was not unjust at all.

He met a more sophisticated opponent with international vision. "

——Phoenix TV's "A Date with Luyu: Duan Yongji's defeat was not unfair at all".

——

In the cold and windy November, an eye-catching event in China's Internet industry came to an end. Sina, the leader of the three major portals, was named Xu.

Long-term publicity, exciting duels, and overwhelming coverage.

Let Xu Liang, the founder of Hongmeng Company, completely enter the eyes of everyone in the business world.

The legendary story of starting a business at the age of eighteen and becoming the richest man at the age of nineteen has completely made him an entrepreneurial idol worshiped by all young people in China.

"How does it feel to be an idol?"

Jiang Xiaoyang looked at the man in front of him with a mixture of love and admiration in his eyes.

"It's not that great. Rather than being famous, I still prefer to stay behind and plot against others." Xu Liang said with a smile.

She rolled her eyes at him.

Jiang Xiaoyang handed over the document in his hand.

"Let's see."

"What?"

“Hanhua’s Fundraising Status.”

Xu Liang took the document over.

Currently, Hanhua has four major funds: Mars, Venus, Jupiter, and Saturn.

Mars Fund is a VC fund and currently has four sub-funds No. 1, No. 2, No. 3 and No. 4.

The Mars 1 Fund has raised 15 million Chinese coins and has a two-year lockout period. It currently invests in two companies.

Doctor Eyewear holds 30% of the shares, and Guangming Glasses holds 25% of the shares.

The Mars 2 Fund raised 50 million Huaxia coins, with a two-year lockout period. It currently invests in six companies.

It holds 15% of Yongkang Dental, 10% of Chaoju Ophthalmology, 14% of Jiamei Dental, 20% of Dental Doctor, 12% of My Lai Medical Cosmetology Group, and 18% of Aste Medical Cosmetology Hospital.

Mars 3 Fund.

At the time of fundraising, Xu Liang was already known as the richest man, so it was easier to raise funds, and the amount of funds also reached a big level.

Plus Xu Xin’s name.

In just three months, 1.2 billion Huaxia coins were raised.

Currently negotiating with Zhen Kung Fu and Haidilao.

The Mars 4 Fund has currently raised 1 billion Chinese coins. Liang Si, the head of Pengcheng Branch, is the fund manager and is looking for investment targets.

Then there is the Venus Fund, which also has two sub-funds.

Venus No. 1 Fund is a precious metal investment fund.

Venus No. 2 Fund is a jewelry investment fund.

The two sub-funds each raised 500 million Chinese coins.

Next is the Saturn Fund, an investment fund for art.

Currently, 600 million Huaxia coins have been raised.

Finally, there is Jupiter Fund, which is Xu Liang’s private land and holds 32% of Tencent’s shares.

"Are you ready to close the fund and start investing?"

Xu Liangdao.

Jiang Xiaoyang nodded, "Although it is easy to raise funds with your name as the richest man, our current size at Hanhua can only handle so much money. We won't be able to invest it for a while and a half longer. We might as well give up." This will keep the market hungry and make it easier for us to refinance next time.”

Xu Liang nodded, "What about Venus Fund and Saturn Fund? Don't you say the more the better?"

“As I said before, invest first, otherwise the money left in our hands will not generate much benefit and will waste our reputation.

Once the money is invested, it will not be too late to raise money again. "

"It seems you are still awake." Xu Liang smiled.

"Although I admit that I am not as good as you in terms of business and financial talents, I am still a professional and know when enough is enough."

"Has the place where the art and precious metals been stored been found?"

"certainly."

"where?"

"You know that place too."

"Don't be pretentious."

Jiang Xiaoyang smiled and said, "Factory Building No. 3 in Area 798B is currently installing a monitoring system and a constant temperature system, and reinforcing the interior. If everything goes well, it will be ready for use in a month."

"Why did you go to 798?" Xu Liang asked.

“After searching around, this is the most suitable place. The space is large, the rent is low, the factory building is relatively sturdy, and it is easier to renovate.

Moreover, your new dream is also nearby, and we can visit each other regularly, so I chose this place. "

Xu Liang smiled and said: "I'm afraid I'm going to disappoint you. Now I may not be able to go to New Dream once a month. If you go to visit, there is a high probability that you won't meet me."

"Forget it if you can't touch it. By the way, I heard that you planned to buy the factory building in District 798A, but it was rejected by Qixing Huadian?"

"It's not that they refused, it's that they asked for too much."

"How much do they want?"

"Three thousand and one square meters."

"It's indeed a bit expensive." Jiang Xiaoyang smiled, "How about I help you find someone?"

Xu Liang didn't refuse even after thinking about it.

The 798 Art District is already showing signs of development and is very suitable for the development of new dreams. If he can stay here, he will naturally not choose to leave.