My Age of Investment

Chen Liwu of Walden International did not come to the meeting because of something else. After the meeting, he specifically called Xia Jingxing to apologize.

After learning that the Renaissance Industrial Fund had received an investment commitment of 100 billion yuan, and the actual amount was 8.2 billion yuan, the man immediately made a decision and said that Walden International was willing to invest 800 million yuan to round up the figure.

Xia Jingxing also didn't expect Chen Liwu to be so courageous, so he happily accepted the other party's investment commitment.

In the past, he and Chen Liwu had some feuds, but now they all disappeared.

Anyway, I didn’t suffer any loss, so let’s just move on.

After hanging up the phone from Chen Liwu, Xia Jingxing began to settle accounts.

Manzhong Fund made more than 10 billion by investing in A-shares, and he took away 10 billion of it, 5 billion was injected into Fuxing Industrial Holding Group, and the other 5 billion was invested in Fuxing Industrial Fund, which was just spent.

Fuxing Industrial Holding Group’s other $1 billion financing was transferred from Vision Capital America, which used the ballast funds for the second wave of short-selling operations.

However, the ballast funds increased instead of falling, because Goldman Sachs and Morgan Stanley took the lead in giving him another one-year equity pledge loan of up to US$5 billion, including the remaining US$400 million in debt. There is still a total of $5.4 billion in liabilities.

In addition, he still owes Friedrich US$720 million in property purchase money. The agreement stipulates that a one-time payment will be made after three years. It is still early and will not expire until the second half of next year.

Friedrich went to No. 40 Wall Street Building every three days. It was called a drop-in visit, but it was actually to collect debts and see if Envision Capital had escaped.

Seeing that the Golden Retriever Lion King is so stingy and has no spirit of contract, even if he has money, he does not intend to pay it back in advance. He must delay it until the contract expires.

Ling Ling Zongzong, in addition to the operating liabilities of his affiliated companies, he only has two personal loans and arrears, totaling more than 6 billion US dollars.

After deducting the US$1 billion injected into Fuxing Industrial Group, Vision Capital America originally had US$8 billion in cash on its books, plus US$5 billion in loans.

However, these days, the U.S. and European stock markets have rebounded a lot in retaliation. The funds operated by Liu Hai, Jiang Ping, and Li Yaozu have suffered large floating losses on their books. They have successively added more than 3 billion US dollars in margin, and they are gritting their teeth and carrying on. Don’t lighten up your position and stop losing money.

Therefore, the total cash reserves on Envision Capital’s books are less than 10 billion US dollars.

He has no intention of using the money for other purposes.

Even if you are lying on your back to sleep, and at the same time you have to pay a lot of interest to the major lending banks led by the two major investment banks, you cannot use it easily. Investment safety is the most important, and you must be alert to any unexpected situations that may occur.

Therefore, the matter of the two semiconductor industry funds can only be slowed down for now.

In fact, it didn't delay much. The domestic semiconductor industry fund has invested 9 billion yuan and is fully operational. It won't be possible to invest all the money without time.

Xia Jingxing was immersed in writing and drawing on the table when Rao Lei knocked on the door and walked in. Behind him was a round-faced middle-aged man wearing glasses.

Rao Lei introduced: “Mr.

Seeing Xia Jingxing standing up and walking toward him with his hands raised, Gong Hongjia quickly stretched out his hands and walked forward quickly, "Hello, Mr. Xia, sorry to bother you."

Although Gong Hongjia is nearly two rounds older than Xia Jingxing, he respects Xia Jingxing very much, not only for his power, but also for his investment vision.

Skype is still the investment case ceiling for Chinese angel investors. Gong Hongjia himself also makes personal angel investments, so he naturally knows how rare it is.

After exchanging a few words, Xia Jingxing invited Gong Hongjia to sit down on the sofa, while Rao Lei stood beside him and said a few words from time to time.

Xia Jingxing quickly figured out that just now, Gong Hongjia had transferred 10% of Hikvision shares to Vision Capital based on a valuation of 1 billion yuan.

"I heard that Mr. Gong transferred 15% of the shares to Hikvision's management and technical staff at a price of 750,000 yuan, and the second shareholder replaced the major shareholder for equity incentives! This is really well-thought-out and rare in the industry .”

Gong Hongjia laughed heartily, “Mr.

Now that I have transferred 10% of my shares to Vision Capital and introduced a powerful shareholder, I believe that Hikvision’s future development will be more secure.

Now I still have 24% of the shares in my hand, which is a relatively reasonable ratio. When the company goes public this year or next year, I can also experience financial freedom. "

Xia Jingxing had a smile on his lips. He was such a genius. Before he even opened his mouth, he blocked his words.

Rao Lei also valued Hikvision, but not to the same extent as Xia Jingxing. Xia Jingxing asked him to acquire as many shares of the company as possible, and he could accept a premium of one or two times.

He spent a lot of effort and paid a price that was double Hikvision's valuation of 500 million yuan to get 10% of the equity from Gong Hongjia.

No matter how he raised the price or made any extravagant remarks, Gong Hongjia would not sell more shares and his attitude was extremely determined.

Xia Jingxing also put away his petty thoughts. Gong Hongjia still has a good investment vision. Maybe the reason why the other party sold 10% of the shares to Vision Capital was to introduce a powerful shareholder so that the company can achieve better development, rather than simply Covet the premium of equity transfer.

Thinking of this, Xia Jingxing decided to call it a day.

“Mr.

Xia Jingxing glanced at Gong Hongjia, who smiled carefully.

"I'm not sure about this. I'll ask Deng Yuanjun another day. He has always been in charge of the investment work within the group."

Gong Hongjia waved his hand quickly, "It's okay, Mr. Xia, I'm just asking. In fact, when Fuxing Industrial contacted Hikvision before, I was very supportive of accepting investment, but the state-owned controlling shareholders did not agree. They wanted to go public directly. Financing.”

Xia Jingxing smiled, Fuxing Industrial actually wanted to invest in Hikvision the most, and it also wanted to include this company as an ecological partner.

Security is an indispensable part of various cloud and smart industries such as smart cities, smart transportation, and digital government. Fuxing Industrial Group does not make surveillance cameras and related equipment, but will develop related software in the future and integrate the services of various ecological partners. software and hardware.

However, Hikvision's attitude is ambiguous, and Fuxing Industrial has no choice but to contact Dahua shares.

If Hikvision ultimately does not accept Fuxing Industrial’s investment, it will have no choice but to invest in its competitors.

Xia Jingxing vaguely remembered that in his previous life, Hikvision also developed smart home platforms, IoT cloud platforms, and AI platforms after it developed. Maybe it would become a competitor with Fuxing Industrial in the future.

At present, the two companies still have two distinct development routes, but as new technologies mature and the era of industrial integration approaches, the two lines will cross and meet.

However, we can't think about that long term now. We can only invest in Hikvision first, or add Dahua shares as a backup, and then see which company to support depending on the situation.

He also had the idea of ​​​​starting or acquiring one of the two companies, but he was quickly rejected. There were already enough across fields, and if he added more, he would suffer from indigestion.

After sitting for a while and not getting any more information from Xia Jingxing that "Fuxing Industrial Group wanted to invest in Dahua shares", Gong Hongjia took the initiative to leave.

Rao Lei sent him out of the company, opened the door and came back within two minutes. As soon as he entered the room, he said: "Mr. Xia, you really tried your best, but you can only get 10% of the shares."

Xia Jingxing nodded, "10%, just 10%, the ratio is not too small."

"Brother Rao, Mr. Fu will return to Singapore to inspect the market in a while. He recommends you to take over his position as the temporary head of the Beijing office and take charge of the VC business department."

Rao Lei was startled for a moment, then realized, was he about to be promoted?

"You are still very suitable for the VC industry. After getting through the initial difficult period, you have discovered a large number of good and high-quality start-up companies such as Xueersi and Aier Ophthalmology."

Xia Jingxing looked at Rao Lei with a hint of admiration. He did not give any guidance. These two companies were investment targets that the other party led his team to find. Maybe they relied on the large platform of Vision Capital, but the investment vision and investment The sense of smell is still developed.

Fu Jixun will go to Singapore to explore the future in a while. If nothing goes wrong, he will become the head of the Singapore office of Vision Capital and be in charge of the US$10 billion semiconductor industry fund.

Xia Jingxing planned to let Rao Lei take over the vacant position of head of the Beijing office.

Half an hour later, the conversation ended and Rao Lei left Xia Jingxing's office in a daze.

After returning to his office, it took him a long time to come to his senses and know that he had finally established a firm foothold in the venture capital industry.

The idea of ​​continuing to start a business has completely faded away!

His partner and old friend Liu Jian has been tinkering with Chen Yizhou for several years. Now Renren’s voice has almost completely disappeared from the market, and Maopu’s traffic has continued to decline.

Liu Jian asked him to drink with him two days ago. The old brother's face was full of sorrow and regret.

The implication behind the words is that I want to ask him to be a lobbyist and put in a good word for Xia Jingxing. Vision Capital, Fuxing Industries, and Overseas Holdings can give him any middle management position. Anyway, I don’t want to stay in Thousand Oaks anymore. Life There is darkness and no future.

Liu Jian and Xia Jingxing have known each other for five or six years, but the other party joined Thousand Oaks due to the acquisition of Youyoumi, while Rao Lei chose to join Vision Capital, which had just launched in China.

Today, the two of them are developing day by day.

Liu Jian was having a very unsatisfactory life. He wanted to come to Xia Jingxing's company to work, but he was too embarrassed to contact Xia Jingxing himself, or he was afraid of being rejected and couldn't keep it off his face.

Liu Jian was such a high-spirited person at the beginning, but now he has fallen into such a predicament that he doesn't even have the confidence to apply for a mid-level position.

Looking at the busy streets outside the window, Rao Lei felt sad. Sometimes in life, choices really matter more than hard work.