My Age of Investment

After sitting in Lou Wei's office for a long time, the tea was completely tasteless before Xia Jingxing said goodbye and left.

As he took the elevator downstairs, he began to review it silently in his mind.

I came to visit Lou Wei with a pile of materials, and received a big pie, a meal of criticism, some expectations, and a pile of materials.

Thinking of this, he looked down at the cowhide bag in his hand, which was what Lou Wei gave him in return.

Lou Wei didn't say clearly what was inside, but just asked him to go back and open it and study it slowly.

In addition, he also submitted the "Private Aerospace Industry Advocacy Proposal" through Lou Wei, which can be directly reached Tianting.

The big leader is not someone he can meet whenever he wants, and can only be handed over to him through Lou Wei's hands.

He was also a little unsure about whether he could pass it. .

He suddenly regretted why he forgot to write down the "Nantianmen Project", the Luanniao space carrier, the Xuannv aerial drone, the Chengying mecha...

Then I thought about it, if I really wrote it down, I am afraid that the old academicians of the Aerospace Science and Industry would look at me as a fool, because the War Bureau had actually tricked me into my home.

Play Zhanhu, they are the hardcore characters, and they have a lot of good things hidden.

Just like that, Xia Jingxing left worried about gain and loss.

When he went downstairs and got into the car, he curiously opened the cowhide bag given to him by Lou Wei.

Good guy!

There is also a stack of documents inside, with "Lehman China Heritage" written in large characters on the cover.

The word "heritage" is used.

It's not wrong, it's true that he can't die anymore.

Xia Jingxing began to look at these documents carefully.

In the years since Lehman entered China, in addition to its prosperous investment banking intermediary business, there has also been a lot of direct investment business, that is, the VC and PE sectors.

Approximately HK$132 million subscribed for 7.7% of Kingdee shares;

Invested US$10 million in Qunar.com;

Invested US$200 million in Sunac, accounting for 35% of the shares;

Established a joint venture with China Railway No. 2 Bureau in Chengdu, investing RMB 150 million and accounting for 49% of the shares;

Injected US$20 million into Jinlong Group;

It holds 2.2998 million shares of Ctrip, accounting for 3.46% of the total share capital, and is one of the top ten institutional shareholders;

Holds 597,900 shares of Baidu, accounting for 1.7% of the total share capital, and is one of the top ten institutional shareholders;

In addition, Lehman Brothers also holds shares in listed companies such as Conscience Company, Penguin, Kingsoft, China Telecom, China Netcom, China Mobile, and China Unicom.

The stocks currently held by China's major listed companies have been disposed of by the bankruptcy liquidation team appointed by Lehman's creditors, and the realized principal and income must be used to repay the creditors' losses.

Even if these stocks have not been disposed of, Xia Jingxing is not very interested because they can be bought at any time in the secondary market.

Among the many Chinese companies in which Lehman invested directly, he was only interested in equity interests in two unlisted companies.

Qunar.com and Sunac.

The founders of these two companies are old acquaintances with him. Vision Capital has been a shareholder of Qunar.com for a long time.

Sunac was started by Sun with the money he gave Sunchi for selling his body and some of the unsold assets.

It's just that Lao Sun is a little unreasonable, and he doesn't know how to go to him for financing. He has to go to the fourth largest investment bank on Wall Street.

Now it's good. Even if we don't get the glory, we might get a shareholder who is not easy to get along with.

Forget it, let's help Lao Sun. Who knows that I am always willing to help others.

Thinking of this, Xia Jingxing put the documents back, asked Liu Xiaoduo to call Rao Lei, and then ordered Zhang Chenguang to turn around the car and drive towards the Guomao International Trade Center.

As soon as the car reached Jianguomen, Xia Jingxing saw the China World Trade Center Phase 3 Tower towering high in the clouds through the glass window.

This building was capped last year and was completed just a few months ago. Its height of 330 meters is the highest among buildings in Beijing. It was not until the birth of China Zun that it was deprived of its title as the tallest building in Beijing.

Tall and new buildings naturally prompted Vision Capital to change its mind.

The Beijing office moved into the brand-new China World Trade Center Phase 3 from the somewhat dilapidated China Merchants Building some time ago and became the first batch of tenants to move into the building.

Shangri-La Group, owned by Robert Kuok, is the landlord of the building and specially sent a flower basket to congratulate him on his move.

The Beijing office currently only has two departments: VC Fund and Vision Venture Incubator (Seed Fund). There are not many employees, so we only rented the entire first-floor office of the building.

Although the building has a maximum of 80 floors, the boss only loves the 49th floor. This is no secret in the company and even the entire industry.

Therefore, the relocation of the Beijing office means that offices around the world have been unified. From New York to London, to Hong Kong Island and Shanghai, they are all on the 49th floor.

Xia Jingxing doesn’t know whether his obsession with the number 49 will lead to an increase in rents for office buildings around the world, especially those on the 49th floor of the financial district.

When Xia Jingxing took the elevator to the 49th floor of the building, Rao Lei, as the person in charge of the Beijing office, was already waiting at the door.

After seeing Xia Jingxing appear, he quickly greeted him with a smile on his face.

"Jing Xing, congratulations, you have once again topped the rich list! Now when everyone goes out to discuss business, as soon as they say that you are the boss, the customers will immediately look up at you."

Xia Jingxing did not expect that when they met again after several months, the first thing Rao Lei said would be this. A person who used to be very honest and responsible had now learned to flatter him.

As his position continued to advance, the relationship between Rao Lei and him became more and more distant, and there was always a sense of distance.

Rao Lei is the head of the Beijing office who was officially promoted a month ago, with the title of Director D.

This ranks sixth among the nine ranks from analysts to partners within Envision Capital, from low to high, which is equivalent to P6 in Internet companies.

Gu\u0026lt;/span\u0026gt;At the same time, this is one level lower than Liu Hai and Jiang Ping.

There is nothing we can do about this. Who can make hedge funds perform faster?

The VC fund in Beijing has been operating for more than three years, and even a listed company has not yet been born. There is no suitable reason to promote Rao Lei.

However, as long as the first batch of students from Vision Vision graduate, Rao Lei still has a good chance of catching up with the promotion pace of several colleagues in other fund departments.

In addition, the previous head of the Beijing office, Rao Lei's old leader Fu Jixun, has now been promoted and raised his salary, and is officially sent to Singapore to establish an international semiconductor industry fund and open a Singapore office.

Rao Lei welcomed Xia Jingxing into the company, and then took the latter to the chairman's office that was specially reserved and decorated for him.

The entire office has good orientation and lighting, and the decoration style is simple yet grand.

Although his boss doesn't come often, no one dares to be careless about it.

After casually glancing around the office, Xia Jingxing lost interest and sat down to talk to Rao Lei about Qunar.com and Sunac.

"There is no problem with Qunar. A few days after Lehman collapsed, they talked to us and hoped that old shareholders would take over Lehman's equity.

I consider that our shareholding ratio is too high, and if we want to go public next, it may cause some inconvenience, so I have not agreed to them for the time being. "

"Going public?"

Xia Jingxing shook his head and laughed, "It's a hell of a market. The U.S. stock market has plummeted like this. Even Facebook has not dared to mention the word "IPO" in the past year.

Don't worry, if they are willing to sell it, just take it over.

On the eve of the listing, let Lehman Asia... no, let Envision Securities help sell it out. "

Rao Lei said with a smile: "If you didn't tell me, I would have forgotten that we now have our own investment bank fund and can provide one-stop services!"

Xia Jingxing smiled, what a one-stop service, they are doing serious financial business.

"Over at Sunac, please pay more attention. If the price is right, just take it.

I didn’t want to get involved in the muddy waters of real estate, but the price was so cheap. If I didn’t get involved, I would always feel like I was losing money! "

Rao Lei secretly smacked his tongue, too cheap? This is what I said...

He felt that Xia Jingxing had misunderstood the word cheap.

Hengtai is valued at US$4 to 5 billion and Sunac is valued at nearly US$1 billion. Is this still cheap?

But having said that, the Xia Jingxing now is no longer the Xia Jingxing who just returned to China more than three years ago.

At that time, he was just an empty rich man with the false reputation of being the founder of a company valued at tens of billions of dollars, and he really couldn't afford much money in his pocket.

But now, his net worth and the funds he can control have all increased exponentially to a terrifying height.

When global executives held a video conference together, Rao Lei actually heard bits and pieces of news from other offices and other departments.

Vision Capital has transformed from a pheasant into a phoenix, becoming a giant that attracts attention in the global financial market.

Strictly speaking, offices in mainland China are the most developed. Compared with hedge fund tycoons in New York, London, and Hong Kong who spend hundreds of billions of Hong Kong dollars and make tens of billions of dollars and pounds, they are completely younger.

In terms of comparison in mainland China, the Beijing office cannot even compare to the securities investment fund in Shanghai.

After all, they still left behind the myth of making tens of billions of yuan in Modutan and reducing their holdings at a high of 6,000 points, which is still talked about by big A stockholders.

The Beijing office, which is quite prestigious in the mainland VC industry, has become the most unsatisfactory and least profitable department within Envision Capital.

It’s a bit sad!

When will there be a VC investment myth that makes a hundred times or a thousand times of profit? It will save some face.

By the way, the office in San Francisco and Silicon Valley is also in the same boat as them, and it hasn’t rung the bell even once.

The situation of various offices and various funds within Vision Capital is roughly like this. Hedge funds stand out, leaving PE and VC funds far behind.

Thinking of this, Rao Lei felt that he had to work hard and leave the position at the end of the crane to Ricky Milner of Silicon Valley.

"Jing Xing, if we want to make large-scale investments of hundreds of millions of dollars, we need to raise and establish a new fund. The funds in the current fund are not enough."

Xia Jingxing nodded, "I know that. The previous VC funds and PE funds were too small. We will soon carry out a new round of expansion."

Speaking of this, Xia Jingxing is also thinking about the return of funds to the country.

At present, most of the battles in the financial crisis have been fought, and Liu Hai, Jiang Ping, and Li Yaozu are just waiting for the final finish.

After so much profit is delivered, it needs to be distributed reasonably. Part of it will be invested in two semiconductor industry funds, and part of it will be used to feed back the industrial assets of Fuxing Industry.

Envision Capital’s brother departments should also take care of it.

Anyway, we need to get even rain and dew, and all industries should be collectively watered once.

Now that the whole world is going crazy, he will naturally do the same.

Whether it was the messages from Lou Wei and the leaders behind him, the upcoming end of the Yingjiang election, or the thriving growth of giants such as Wisdom Fruit, Google, Microsoft, and Gulf Power, they all gave him a sense of urgency.

Only by growing up quickly and becoming stronger can we face the next forest of powerful enemies!

Money is sometimes the most useless thing.

Only by spending it can it bring value.

And the most annoying thing is that sometimes you can’t even buy some technology and equipment even if you have money.

While Xia Jingxing was deep in thought, his personal phone beeped.

After the call was connected, a frustrated voice came from the other end: "Darren, where are you? For the sake of our long-term friendship, I must help my brother this time!"