My Age of Investment

"By the way, how many WeChat users have accumulated in Singapore?"

Xia Jingxing began to set his sights on overseas markets. He still attached great importance to the WeChat product. If it were not for the early opportunity to seize overseas markets, he might have delayed the release of WeChat mobile version for half a year.

However, there are advantages and disadvantages. The disadvantage of seizing opportunities in overseas markets is that Penguin felt a sense of crisis too early. Especially in 2010, the smartphone coverage rate was not a very satisfactory figure. The development of WeChat Speed ​​is greatly restricted.

"It has reached 100,000 users!"

After reporting this number, Zhang Yong saw that Xia Jingxing's face showed no signs of change, and explained specifically: "This number is actually not low! Although Singapore has the highest smartphone coverage in the world, its population is too small. The current There are probably just over a million smartphone users.

In addition, Smart Fruit sells very well in Singapore, and its market share is slightly higher than that of Fuxing Mobile.

Since WeChat is not listed on the App Store, the user growth rate has also been affected to a certain extent. "

Xia Jingxing's ancient and calm face finally showed some emotion. He smiled and said, "If you didn't say it, I almost forgot about this matter. The market share of wisdom fruit in the international market is not as high as that in mainland China." A tiny bit of market share.

We have offended this behemoth, and we can foresee that the road to marketing WeChat in Southeast Asia, Japan and South Korea will be difficult. "

After a pause, Xia Jingxing sighed, "It seems that we need to reconcile with Wisdom Fruit! If we don't reconcile, this business will not be able to continue."

Zhang Yong smiled and said nothing. He had now made up his mind and would not express his opinions on the wisdom fruit easily, so as not to make Mr. Xia unhappy. Mr. Then and.

Xia Jingxing said solemnly: "If the reconciliation with Zhiguo goes smoothly, WeChat will be put on the Zhiguo App Store as soon as possible, and then it will have one million users before the end of the year.

With these one million users, it is almost equivalent to winning the Singapore market.

Next year, Wechat will use Singapore as a springboard to continue to spread to other Southeast Asian countries. "

Zhang Yong nodded and said "Okay", and then continued to listen to Xia Jingxing's instructions.

"How is the progress of the Japanese market?"

As soon as Xia Jingxing finished speaking, Zhang Yong quickly replied: "We have thoroughly negotiated with Mr. Sun Zhengyi. The overseas investment entity established by the domestic holding group in the Cayman Islands holds 51% of the shares, and SoftBank holds 49%. Both parties will jointly contribute. US$200 million to establish an independent Japanese Internet company to operate Japanese WeChat.

Taking into account Japan's closed national conditions and xenophobic sentiments, WeChat Japan will promote itself as a local Japanese company. "

Xia Jingxing sneered. If you want to enter the Japanese market, you have to use this method. This is what Bangzi's company does. It is obvious that the parent company behind it is a Bangzi state-owned enterprise. It must say that it is an authentic Japanese enterprise and it cannot be an authentic Japanese enterprise. The achievements made in other countries' markets are all attributed to Japanese companies. Uninformed people really think that the instant messaging application launched by Japan has swept Bangkok, Thailand and Yizhou Island, and it is a sense of national pride. Bursting.

"Okay, let's arrange it this way for the Japanese market!"

Xia Jingxing looked at Zhang Yong and said, "Are Bang Country, Yizhou Island, and Hong Kong and Macao doing things in accordance with the law?"

Zhang Yong said slowly: "Hong Kong and Macao must be listed as a separate market, which can be captured and operated by the subsidiary registered in Singapore.

As for Yizhou Island, the situation is much more complicated. Even if you wear a vest, it's hard to get away! They are wary of everything on our side.

As for the Korean market, isn’t it planned to cooperate with Samsung to develop it? "

Xia Jingxing frowned slightly. The country's prestige was still weak. Several countries and regions on the doorstep could only use this fragmented method to sneak in. One day, they would be able to fly in like a bald eagle.

"In this way, the market in Hong Kong and Macao will do what you said. For Yizhou Island, register a US company, and then introduce the US venture capital of Andrew and Vision Capital to enter the local market as US capital."

Zhang Yong said with a smile: "This is a good move. Yizhou Island will definitely not dare to do anything to American companies."

Xia Jingxing smiled slightly, "Okay, let's discuss the market in Bangkok. Send a formal invitation to Li Zairong and ask him to come to the capital to discuss cooperation...

Oh, forget it, you should go to Bang Country in person on my behalf. People in Bang Country have always been narrow-minded, and we can’t afford to offend Samsung for the time being. "

Speaking of this, Xia Jingxing sighed slightly in his heart. In fact, he had planned to fall out with Samsung a long time ago. However, after so long, not only did he and Samsung not fall out, but they cooperated more and more closely.

The Android system needs Samsung to join in to strengthen the camp. Samsung is also supplying Fuxing mobile phones with Suanni chips manufactured by them. In addition, every Android phone sold by Samsung in China has the WeChat application pre-installed. Now it is even more important Partnering with Samsung to operate Bangguo WeChat is such a fickle thing!

But it is impossible and unrealistic to remain friends forever.

As time goes by, the wave of replacements caused by smartphones will gradually end, and market competition will become increasingly fierce. Renaissance mobile phones and Samsung mobile phones will not be as harmonious as they are now in the high-end mobile phone market. Sooner or later, they will see the bayonet.

BOE is building large-scale high-generation panel production lines across the country. Once the construction work is completed and mass production of panels of various specifications and sizes begins, it will begin to squeeze the market share of Korean and Taiwanese panel manufacturers. Samsung, as the Korean panel duo First, in order to maintain market share, we can only fight.

Xinxin Group is also working hard to integrate all its storage chip design and manufacturing resources, targeting Samsung's lifeblood.

Because Fuxing Semiconductor's process technology is relatively backward, it is not a threat to Samsung for the time being. In other words, Samsung is currently struggling to catch up with Gulf Power. The two companies cannot be called enemies yet. However, given time, Fuxing Semiconductor will gradually develop and become Samsung. opponent's.

In addition, Fuxing Zhijia’s intelligent upgrade is about to officially come to an end. Soon it will set off to sell high-end smart home appliances overseas. It is no exaggeration to say that this is a dimensionality reduction blow achieved by using new technologies, which is bound to have a huge impact on Samsung. It has had a huge impact on the international high-end home appliance market that it dominates.

Lin Lin has finally figured it out. At present, cooperation between his industry and Samsung is greater than competition. In a few years, it will be completely reversed, and competition will become greater than cooperation.

In order to win over Samsung, or to paralyze Samsung, he decided to give half of WeChat's interests in the Chinese market to Samsung, so that everyone could happily cooperate for another year or two.

Even if they fall out in the future, WeChat Bangguo's shares can still be disposed of well, such as selling to SoftBank, or several Korean, Japanese and Taiwanese companies exchanging shares and merging, or even a major merger in the entire East and Southeast Asia markets to reorganize into a company It is a new company with a rich shareholder base, and markets in various countries and regions are afraid to take advantage of it easily.

After making up his mind, Xia Jingxing gave Zhang Yong some instructions, asking him to pay more attention to the Li family's views and attitudes towards the Chinese market and themselves.

Xia Jingxing is currently a little unsure about how Li and his son view him and how they plan to deal with the relationship with their own industries. His series of investments and mergers and acquisitions in recent years must have come into the sight of the father and son, and they still have in their hands. There is a Samsung Secretariat, which is a well-known business intelligence collection agency. He wants to use and paralyze Samsung, and others may be using the same tactics to deal with him.

Of course, at present, Fuxing Industrial, New Core Group, BOE and other companies do not pose a big threat to Samsung. People may not take these companies seriously and do not think that these small fish are qualified to be their opponents.

But it does not rule out the possibility that Samsung has begun to be on guard. Even more serious, Samsung has begun to plan to completely decouple from its industry.

Once the cooperation is completely terminated, if Samsung cuts off the supply of chips, the production plan of Fuxing Mobile will be completely disrupted. If it is more serious, it may even lead to Wisdom Fruit and Samsung taking advantage of it and dividing the market together. Revitalize the blank market left by the absence of mobile phones.

Just when Xia Jing was having a headache as his potential enemy Samsung, Domestic Game CEO Ling Hai, who had been attending the meeting without interrupting, suddenly reminded him: “Mr. Two game production companies were acquired together?”

After being reminded by Ling Hai, Xia Jingxing suddenly remembered the matter and immediately replied: "Yes, yes, I almost forgot. In the past few years, shareholders have continuously proposed that Domestic Games merge Silegate and Neople.

I have communicated with Mr. Chen a few days ago, and we both agreed to sell these two game production companies to overseas games to complete the missing game territory.

There is no need to pay any cash, and both transactions are mergers and acquisitions in the form of additional issuance of domestic holding shares.

After the two game production companies are integrated into the domestic game system, they can save a large amount of agency and sharing fees every year.

As for the money saved, it can be used to support the development of some new businesses, such as WeChat and domestic literature. "

Zhang Yong nodded, indicating that he had no opinion on the matter.

These two game production companies, which were acquired by Xia Jingxing and Chen Hong with their own funds in the early years, have long since become a cornucopia. Since being acquired by the two, they have successively taken away two to three billion in agency fees from the Chinese market. Sharing a share with the game not only helped the two repay the US$200 million in debt and interest owed due to the leveraged acquisition, but also made a surplus of more than US$100 million, which was equivalent to earning back the actual US$100 million acquisition cost at the time. .

Now when two game production companies are sold to domestic games, no matter how much they sell, all of them will be net investment profits.

Envision Securities and Hanergy Capital have already made preliminary evaluations, with the two targets valued at US$4 billion in total.

This valuation is neither high nor low, taking into account various factors such as the future agency share income, game lifespan, and mobile game adaptation rights for the two games DNF and CF.

To be honest, Xia Jingxing is confident that he will earn US$4 billion in agency sharing fees through two enduring games in the next ten years. The average share of one game per year is only US$200 million. This number is not too big. challenges.

However, considering the future growth of overseas holdings, share exchange mergers and acquisitions are also acceptable.

It's just that shareholders like Xu Xin who initially opposed the acquisition of two game production companies in the name of a domestic holding group may regret it. Because of their short-sightedness, the shares they hold will be diluted a lot, and Xia Jingxing He and Chen Hong's shareholdings will increase a lot.

An increase and a decrease are all due to trust and distrust.

Chen Hong trusted Xia Jingxing unconditionally. He fully supported Xia Jingxing in building mobile phones, acquiring game companies, and acquiring banks. He also helped with operations and management with all his heart. Naturally, he could drink soup along with him.

Xu Xin and the others were a bit off guard, so they could only stare from the sidelines.

Originally, some shareholders were opposed to issuing additional shares to acquire two gaming companies, but Xia Jingxing silenced them with just one sentence.

Penguin is preparing for financing, and overseas holdings will naturally increase the cash reserves on their books, either starting a new round of financing or acquiring two cash cows. In short, they will dilute their shares and have no other choice.

Ling Hai then reported on the progress of introducing "League of Legends" into the Chinese market.

This oba competitive online game developed by Riot Games was launched in the United States as early as last year. Since Domestic Games acquired Riot Games, it became logical to introduce "League of Legends".

The reason why it has been suppressed to be launched in the Chinese market is entirely because Xia Jingxing is worried about having a huge impact on F, which is currently operating. However, the game will still be tested in China next year at the latest.

By then, the game agency empire of Overseas Holdings will be completely formed. Relying on these three online games, in the next few years, Domestic Games will be able to capture tens of billions or even tens of billions of RMB in net profits from the market every year, which is completely worthy of Penguin Proceeds from a round of allotment of additional shares.

However, one was internal hematopoiesis and the other was external blood transfusion. There was no comparison at all. Xia Jingxing wanted to see how much blood Li Yikai could give to Penguin.

After Ling Hai finished reporting his work, Haipay CEO Liu Yingqi started reporting again and brought Xia Jingxing a piece of news.

“The country is ready to issue online payment licenses!”

Liu Yingqi said with some excitement: "In June, the central bank officially announced the "Measures for the Administration of Payment Services of Non-Financial Institutions". According to the regulations, non-financial institutions providing payment services must comply with regulations before September 1, 2011. Obtain a payment business license and become a licensed payment institution.

In other words, there will no longer be a gray area in the future. Once you obtain a payment license, you will become a regular soldier and accept the supervision of the People's Bank of China.

In response to this round of opening the floodgates, not only Haipay submitted application materials, but also a large number of Internet companies such as Ali, Penguin, and Shanda came to join in the fun.

However, it is expected that the first batch of payment licenses will not be issued too many, and priority will be given to state-owned enterprises and banks, leaving even fewer places for private enterprises, especially in the Internet industry. "

Xia Jingxing said with a smile on his face: "No matter how many places there are, this is always good news. Once we get the payment license, our Internet financial business will no longer have to be a small business. We can completely let go and move towards national-level applications." To develop, to build.”

Liu Yingqi nodded in agreement: "Yes, our QR code payment technology has been developed very maturely and is just waiting to be fully promoted."

Xia Jingxing smiled and said nothing. He was thinking about the future development direction of Haipay and the entire domestic holding group's financial business.

It seems that it is not necessary to separate Haipay to develop an independent application. WeChat + online payment + Internet finance seems to be the most correct way to open it.

If it develops in this direction, WeChat's functions will become richer and user stickiness will increase. However, Haipay will also lose the opportunity to become bigger and stronger, at least it will not be able to become an independent financial giant like Alipay. No tyrants.

But then again, it is not easy to be a financial giant, and the stick of supervision may hit you at any time.

Like Po Nima, who hid almost all of the company's financial business in WeChat, although he made less money, he made a fortune silently. Lei Quan let Lao Ma handle it alone - of course, this It's also my fault that Lao Ma loves to be pushy.

After Xia Jingxing analyzed the pros and cons in his mind, he said: "We are not in a hurry to develop the financial business for the time being. Let's get the payment license first. With the license in hand, even if it is high-profile, it will not be considered a violation, and others will not be able to catch it. Our pigtails.”

Liu Yingqi nodded slightly. He understood the boss's caution and caution very well. Because the financial business is no small matter, the pace of opening up and innovation has always been very slow. This is also determined by the national conditions, so you have to eat one bite at a time and do things step by step.

After talking about Haipay, Xia Jingxing turned his attention to Gao Lili, who was sitting next to Zhang Dalong, and said, "It's your turn, let's talk about Weibo."

Gao Lili reported meticulously: "It has been two years since Weibo was launched, and it has achieved more than 200 million registered users, of which nearly 150 million are active users, accounting for one-third of the total number of Internet users in the country. .

The growth rate of registered users has slowed down significantly, and we have spent more energy on promoting activation and consolidating our leading position in the industry.

Penguin Weibo has slightly stopped the decline in the number of active users because it introduced the message synchronization function of QQ.

However, in the eyes of industry insiders, the winner of this Weibo battle has basically been decided.

From the number of active users to social influence to brand, most netizens agree that domestic Weibo is the real number one Weibo in the country. "

Xia Jingxing nodded with a smile. He was basically satisfied and assured with the development achievements and speed of domestic Weibo. As long as this development momentum continued, in another year and a half, the final nail in the coffin of Penguin Weibo would be put in place. A nail.

In fact, Penguin itself has almost given up and no longer invests too much money and resources in Penguin Weibo.

Now that the instant messaging war is about to begin, Penguin no longer has the energy to manage a business that has failed to compete for hegemony.

Then, Xia Jingxing asked about the development of low-priority businesses such as Tudou Video and Kugou Music, and gave some work instructions.

At present, the three most important businesses of domestic holding groups are Weibo and games, which have basically secured the top spot in the industry, as well as the newly born WeChat. Businesses such as Tudou Video and Kugou Music have been temporarily relegated to the back of the priority list.

In view of this, in order to better achieve corporate development goals and embrace the various opportunities created by the explosion of mobile Internet, Xia Jingxing plans to adjust the organizational structure of the domestic holding group, sort out and integrate the existing product business lines, and upgrade them to several large business groups.