My 1999

Participated in the restructuring of nearly US$6 billion in debt, involving more than 500 companies, more than 200 creditor banks, and more than 1,000 trade creditors, attracting attention from the global capital market.

In December 2000, "Guangdong" successfully realized debt restructuring, with an average debt reduction rate of 42.78%.

After the restructuring, the total assets are approximately HK$48.3 billion, the total liabilities are approximately HK$33.9 billion, and the asset-liability ratio is 67%. It was rated as the "Best Restructuring Transaction in Asia" in 2001 by the International Financial Review, and is considered to be the largest ever in Asia. The most complex debt restructuring.

"At that time, Goldman Sachs was also the main party responsible for the restructuring, and one of the main persons in charge of Goldman Sachs was Liu Zhiping. Being able to participate in such a complex and lengthy restructuring case can greatly enhance its capabilities in corporate investment, mergers and acquisitions, and restructuring. "Jiang Xiaoyang said.

Xu Liang responded with approval, "It is indeed good to let Liu Zhiping serve as the person in charge of the Jupiter 2 Fund, but if we want to attract outstanding people to join, we must also provide very favorable conditions, even shares."

"I know this. I plan to get in touch with him first. If he is really good, I will recruit him. The conditions will be similar to Sister Xu." Jiang Xiaoyang said.

Xu Liang responded.

Hanhua Capital currently has two recruitment methods.

One type is Xu Xin and Liu Zhiping, who can handle both fundraising and investment, and are commonly known as partners.

The other is an ordinary manager. You don’t have to worry about fundraising or investment. You are only responsible for post-investment management.

The former has shares and a 20% dividend after the fund makes profits; the latter has very little dividends except salary.

Xu Liang continued: "By the way, when the Phoenix Fund's fundraising is completed, I will withdraw the US$300 million in it."

"Take it away, why?"

"Of course it is to clarify the rights and responsibilities. Hanhua Capital is not just my company. You and Sister Xu both have shares. Although it is not much, the capital transactions must be clear, otherwise it will infringe on the interests of others.

You may not care, but Sister Xu is different, and if we can recruit Liu Zhiping, we must also consider the other party's ideas.

Therefore, management, especially fund management, must be formal.

But you don’t have to worry, I won’t take out the US$300 million from Hanhua Capital, but put it into the Jupiter 1 Fund. It is still placed in Hanhua's name, and it is regarded as the money invested by Hongyan Fund in Hanhua. "

Jiang Xiaoyang did not refute.

When an enterprise develops to a certain level, unclear rights and responsibilities are a big taboo.

This is also the reason why many family-owned businesses fail to grow or even go bankrupt.

"If you want Hanhua's management to be formalized, I won't stop you. But your previous investment of US$100 million in Hanhua must also be reflected in the equity."

Jiang Xiaoyang's meaning is very clear.

Xu Liang invested US$100 million and Hanhua's total assets increased, so her equity and Xu Xin's equity would be reduced accordingly.

"I have no objection. You can discuss it with Xu Xin and the others and decide on the equity share."

"good."

"One more thing. Let Zhao Xun be responsible for the management of Jupiter 1 Fund and the acquisition of the NBA Rockets. From now on, Jupiter 1 Fund will be under my direct jurisdiction, and Zhao Xun will be responsible for daily management."

"no problem."

After chatting about work and talking about personal matters with Jiang Xiaoyang, Xu Liang hung up the phone.

At the same time, I called Zhao Xun and told him about the job change, and asked him to bring people to Silicon Valley to complete Netflix's due diligence and allocate investment.

Count Netflix.

Jupiter 1 Fund already has three shares.

Penguin 32%, Alibaba 10%, and Netflix 10%.

"Mr. Xu, I heard from the real estate company that the office building you are interested in has a usable area of ​​4,500 square meters and is priced at US$5 million. If you rent it, it will be US$32,000 per month."

"It's not expensive."

The cold winter of Nasdaq not only brought down many Internet companies, but also many venture capital institutions.

Housing prices throughout Silicon Valley have also fallen.

"Contact the other party and ask Hanhua to allocate money to buy the house."

"yes."

Both Hanhua Capital and Red Rock Fund need a foothold in the United States.

The next day, Zhao Xun came to San Francisco with his secretary and an investment team from the company.

Looking at Xu Liang who personally greeted him at the airport, Zhao Xun hurriedly greeted him.

"Mr. Xu."

After stepping forward and patting his shoulder, he said comfortingly: "Are you tired?"

"fine."

After all, Zhao Xun still couldn't hide his fatigue on his face.

Not everyone has a naturally strong physical fitness like Xu Liang and can resist jet lag.

"Let's go, get in the car."

After everyone got into the car one by one, they drove towards the hotel.

"Did Xiaoyang tell you about the work adjustment?"

"said."

"What's your personal opinion?"

"I listen to Mr. Xu." Zhao Xun said immediately.

Xu Liang nodded slightly, "Jupiter No. 1 Fund is my most important business. I don't trust it if it is handed over to others. I can only let you work harder."

Feeling the trust in the big boss's words, Zhao Xun couldn't help but be moved.

"Don't worry, I will do my best to live up to your trust."

Xu Liang nodded, "I believe you."

After a pause, he continued.

“There are three main things that bring you to the United States this time.

First, do Netflix’s due diligence. Just leave this matter to your team.

Second, set up the US team of Hanhua Capital. I have already found the place for you, and you can just be responsible for recruiting people.

Third, after so much research was done in the early stages of the Rockets' acquisition, it's time to make a move. "

"clear."

"Okay, when you get back to the hotel, you can rest first and then work again."

"yes."

After Zhao Xun arrived, Xu Liang gave him all the responsibility for the San Francisco branch of Hanhua.

He finally breathed a sigh of relief.

"It's time to pay him a visit."

Xu Liang said.

——

In Mountain View, Silicon Valley, there is a company that has made a name for itself.

Although it is still in its infancy, it has successfully turned a profit and achieved a net profit of US$8 million.

Looking at the huge Google logo on the wall, Xu Liangliang couldn't help but feel a little more nervous and expectant.

As a search engine, his biggest concern is Google.

Worry about not being able to beat the opponent.

As the saying goes, if you can't beat it, join it.

He would rather give it a try and buy it if he can't beat it.

Regardless of whether he could succeed or not, he wanted to try it.

Once successful, it will be able to unify the global search market. The temptation is too great.

Even though he knew it was unlikely, he still came.

The car stopped, and when Xu Liang got out, he immediately saw the people waiting in front of the office building.

The other person was wearing a crisp suit and gold-rimmed glasses.

Just by looking at this outfit, you can tell that it is neither Sergey Brin nor Larry Page. A man in science would never dress like this.

Xu Liang walked over.

The other party also took the initiative to greet him.

"Eric Schmidt, CEO of Google, welcomes Mr. Xu to visit us at Google."

"Thank you. ...By the way, Mr. Schmidt. Are Mr. Brin and Mr. Page not here?"

"I'm very sorry. Brin and Page were temporarily busy and couldn't come over."

Eric Schmidt sounded helpless.

These two new bosses are very capable, but they also have frustrating quirks.

What surprised him the most was that the two refused to be assigned assistants or secretaries by the company.

The reason is that they don’t want to be puppets of work and be dictated by work plans, they want freedom.

So I often miss the company's internal meetings.

Later, in order to improve this problem, Google developed Google Calendar, and the two would write down the things to be done on the calendar.

Because Google Calendar is shared by all company executives, they can also see the work schedules of two people, and then arrange work according to their time.

But two turbulent souls played a hide-and-seek game with Google executives again.

Everyone arrived at the scheduled work, but after waiting all morning, the two founders were nowhere to be seen, which made people confused and affected Google's work efficiency.

If it weren't for their excellent technology and their ability to seize Yahoo's ladder, whether Google would be able to achieve its later status is another matter.

However, Xu Liang didn't understand the quirks of the two people, thought he had been neglected, and gave up hope in this negotiation.

"Mr. Lauschmidt, please give me a tour of your company."

"Of course, please come in."

"please."

Under the leadership of the other party, Xu Liang walked into Google.

After taking a quick look around, it turns out that the working atmosphere at Google is indeed as rumored, and the working atmosphere at Google is very free.

The number of people is about three hundred.

Taking into account the branches, Google's current total number of employees should be between five and six hundred.

After knowing what was going on, he came to the reception room.

"Mr. Xu, how does Google compare to your Hongmeng?"

Eric Schmidt smiled.

"It's a lot worse." Xu Liang said directly, looking at the frowning Eric Schmidt, "We have many businesses at Hongmeng, and the search business is just one of them, so Mr. Schmidt should compare Google with Bing. It’s fairer to you.”

Schmidt nodded slightly.

He admitted that what Xu Liang said made sense.

Hongmeng is one of the companies that Google is currently paying most attention to.

Because their Internet search business is a replica of Google.

More importantly, they relied on their strong technical capabilities to break into the Japanese market, and when they wanted to sweep the world, they discovered that Bing was really deeply rooted in Japan.

More than 90% of Japanese websites, large and small, use the search services provided by Bing.

And in order to deter latecomers, high liquidated damages were set in the contract.

Google has no choice but to spend money to advertise on major websites.

But the damn Japanese seem to have identified Bing. No matter how hard Google works, the user growth rate is simply not worth the advertising investment.

That's not all.

Well-funded, Bing spread like wildfire across Europe.

And it's growing very fast.

Google also had to brace itself to compete with each other.

However, Google is just a search engine, and the other party is fighting in a group.

The revenue from games can be used to balance the losses caused by Bing's money burning.

But Google can't keep up with this.

However, Google already has the English market in its hands. With the revenue from the Five Eyes Alliance, it is enough to support a world search giant. The turnaround in 2001 is evidence of this.

So it has gradually gained the ability to spend money and fight hard.

This is also the reason why Xu Liang wants to come over and try to acquire it.

This is the last chance.

If it doesn't work this time, we will be a relentless enemy from now on.