My Age of Investment

Xia Jingxing intends to use the last 40 million US dollars of working capital of the Chushu Fund to invest in car power batteries.

To this end, he made a phone call with Abel in Hong Kong.

"Duck neck, hurry up and prepare 40 million US dollars for me, and I will use it within a month..."

Abel, who was far away from the boss and was domineering in Hong Kong, when he heard the request, he gave a jolt and began to complain on the other end of the phone.

"Boss, have you forgotten? Among the 1.746 billion US dollars of managed assets of the Zhishu Fund, there are some eBay restricted stocks and Focus Media restricted stocks.

Although our assets on the surface are as high as 1.746 billion US dollars, the actual funds that can be used are not so much for the time being.

After allocating USD 20 million to Gao Ling Capital some time ago, the cash was completely exhausted.

We will have to wait a few more months until the ban on stocks is lifted before we can sell them in the market and get cash back..."

Xia Jingxing realized that the shares of eBay and Focus Media were pledged by the Chushu Fund to financial institutions at a discount.

Because the pledge ratio is not 100%, there is a certain gap between the actual assets managed by the Chushu Fund and the cash assets.

This difference will not be filled until the stock is lifted from the market and sold off the market, and it will become a real cash asset of 1.746 billion U.S. dollars (calculated based on the initial capital contribution).

"Fuck, what's the matter?"

Xia Jingxing was instantly annoyed. He had always thought that he was rich, and among the ostentatious rich men in China, he couldn't find a few who were richer than him.

But the duck neck told him that he had no money at this time, which really made him feel ashamed for the first time.

The duck neck heard the boss' anger, hurriedly put out the fire, and reported the good news: "Boss, don't worry, I recently analyzed the asset portfolio of the Chushu Fund.

I found that eBay's stock price has risen relatively little in the past few months, but Focus Media's stock price has risen a lot, and I also read the financial statements of Frame Media, and there is great hope of completing the bet.

Wait a few more months, we may be able to account for tens of millions of dollars, or even more than 100 million dollars. "

Duck neck financial experience more than ten years,

I still have my eyesight, and I can see at a glance that Focus Media and Frame Media are experiencing explosive performance, and the stock price and VB will change accordingly.

This reminded Xia Jingxing that Chen Hong had told him some time ago that Focus Media had already started discussing the merger plan with Juzhong Media.

Frame Media sells its identity to Focus Media, but it has actually tilted the balance of victory to Focus Media.

If Juzhong Media acquired Frame Media first, the battle might still be fought.

However, it was too late for Juzhong to go public, and there was no money or capital to acquire framework media, so it fell behind step by step.

If you don't merge, just wait for Focus Media to kill you slowly!

In any case, this is great news for Focus Media. It will dominate the domestic elevator building advertisements, and the stock price will skyrocket.

For Vision Capital, it is also good news.

Because they have a lot of shares in Focus Media, and when Frame Media completes the bet, Focus Media will issue some additional shares to the shareholders of Frame Media headed by Vision Capital to completely complete the M\u0026A transaction.

"Okay, I see, I'll think of another way."

Xia Jingxing was about to hang up the phone when he suddenly remembered Zhang Sanshi and asked a few more casual questions.

As the manager of the Chushu Fund, Yabo is very clear about the movements of its sub-funds, so he briefly reported Zhang Sanshi's situation to Xia Jingxing.

"We invested 20 million US dollars, and Zhang Sanshi approached the Yale University Foundation to raise 10 million US dollars, launched the second fund with a management scale of 30 million US dollars, and still focused on the secondary market, building positions in Baidu, Google, Amazon, Apple Wait for a few Chinese and American technology companies..."

Xia Jingxing listened carefully. As expected of Zhang Sanshi, he still has a way of picking stocks.

"Okay, I get it, that's it!"

After hanging up Yaneck's phone, Xia Jingxing called Chen Hong again.

"Brother, help the world!"

As soon as the call was connected, Xia Jingxing became very skinny as if he was a different person.

Now that they are so familiar, Chen Hong knows Xia Jingxing's routine very well, so he quickly interrupted, "Okay, don't keep suppressing and then raising, what's the matter, just say it!"

Xia Jingxing laughed "hahaha", "Didn't I invest in a lot of projects recently, and my money is tight."

"You know it too!"

Chen Hong could be considered to have caught Xia Jingxing's "weakness", and began to tease, "Do you know how the investment circle evaluates you now?"

"Let's hear it, are you praising my vision? I'm tired of hearing all of this."

Chen Hong choked half to death on the other end of the phone, I have never seen such a brazen person!

After taking a deep breath and calming down his breath, Chen Hongcai slowly said: "They said that you have no rules in your investment, and it was fine to invest in the Internet in large areas before, and it still belongs to the TMT field.

Now even manufacturing mobile phone glass factories, OEM factories, and mold factories are not spared. In the future, they will surely become "a generation of industrialists." "

"Industrialist, are you complimenting me? I like this title. After all, only industry can rejuvenate the country!"

Chen Hong said unhappily, "Are you really ignorant, or are you pretending to be ignorant? They are sarcasm at you. They invest in industries with no potential and slow growth.

I know that industry can rejuvenate the country, but the technical strength of these domestic factories is really not flattering.

They say that if you become an industrialist, it is no different from speculating in stocks and becoming a shareholder, which is also called "deep lock-up". "

Xia Jingxing is not angry, does he need others to comment on his investment philosophy?

"Yeah, that's the same sentence, let's wait and see."

Chen Hong said with a smile, "Hey, you have such a temper, but that's okay, stick to your own path!

But to be honest, you'd better control the investment pace of the factory.

Some good people have made statistics, saying that you recently invested and acquired ten factories, costing 402 million yuan, plus 111 million US dollars, all converted into US dollars, which is 160.81 million US dollars.

This is all invested by the mobile phone industry merger and acquisition fund, right? Almost two-thirds of the asset management scale of 250 million US dollars has been invested. "

The mobile phone industry M\u0026A fund and the mobile phone company are financially independent. Although Hanergy Investment invested 10 million US dollars and is a minority shareholder of the mobile phone company, Chen Hong is not particularly clear about the mobile phone fund.

Originally, Hanergy Investment was going to be the financial advisor for the mobile phone industry M\u0026A fund, but the mobile phone fund moved too fast. Hanergy Investment was still helping to screen the targets, and more than half of the funds had already been invested here.

However, Chen Hong is a generous person, and he didn't come to Xingshi to inquire about the crime, but he really felt that the pace of investment was a bit too aggressive, and it was easy to step on a pit.

If he hadn't been able to get along well with Xia Jingxing, he wouldn't have bothered to say these "harsh words".

Xia Jingxing laughed dryly, "Brother Chen Hong, I asked Han Neng to prepare for it. I'm a little sorry for you."

"I'm sorry for what you're talking about, people in the company are idle too, going out to find projects, no matter whether they succeed or fail, is better than staying in the office.

Besides, we are not only cooperating with mobile phone industry M\u0026A funds, we are also helping to find projects needed by Bailu and Jingzhe Fund. "

Xia Jingxing said with a "hmm" and said with a smile, "We are a deep strategic partnership. As long as it is a good project, whether it is a traditional industry or a TMT field, early or mid-late stage, or even a listed project, Envision Capital will invest in it!"

"That's right, so don't be so polite, let's be honest! You said you want to borrow money, but what kind of money do you want to borrow? There are nearly 100 million US dollars in the mobile phone fund, 150 million US dollars in the Bailu fund, and nearly 140 million US dollars in the Jingzhe fund." U.S. dollars, will you be short of money?"

Xia Jingxing smiled, "Why do I feel that you know more about Vision Capital's family background than I do?"

Chen Hong coughed, "It's not a secret, if you use the fundraising scale of each of your funds and subtract the invested projects, wouldn't the result come out?

I will use the calculated results to educate our employees and urge them to be more active in their work.

Guarding such a big golden rice bowl, there is still not enough rice. "

The other end of the phone sighed, "Hey, not including Ahri's 700 million US dollars, you have already invested 572 million US dollars in the first six months since you returned to China, which is nearly 600 million US dollars.

This does not include your film and television copyright fund, business incubator, and the 500 million US dollars of mobile phone companies. "

Xia Jingxing just went downhill, "Yeah, that's why I feel that I'm short of money recently. All the funds are investing very quickly. If this goes on like this, I'll have to run out of food this year."

"Then you don't pay attention to it. If you run out of food, it means that you will fully switch to post-investment management. You will not be so active in the market, and everyone will forget you.

To be a venture capital investor, it is very necessary to maintain appropriate market activity.

Instead of shooting out all the bullets at once, in the next few years, just watching people shoot there, your impression in the minds of the media and entrepreneurs will be blurred at once, and you will lose the new good projects born in the next few years. "

Xia Jingxing knew that the other party was imparting experience, and said with a smile, "Okay, thank you for your guidance, brother, then I'll save some bullets."

"That's right, you should straighten out the projects you have recently invested in. In the first half of this year, the frequency of shots will be appropriately reduced. In the second half of the year, Envision Capital will be a vigorous man again!"

Xia Jingxing echoed: "That's right! But ATL plans to enter the field of automotive power batteries, and there is still a shortfall of 40 million US dollars.

You told me to save some bullets, so I can only have the cheek to borrow money. "

"How much to borrow?"

Chen Hong didn't hesitate much, his voice was very steady, and he was already mentally prepared to support him.

Xia Jingxing knew that the other party would be mistaken, and explained with a smile: "I'm not looking for you to borrow, I want the mobile phone company to lend 20 million US dollars to Vision Capital.

After a few months, the restricted shares of eBay and Focus held by Vision Capital will be lifted, and I will pay back the money after selling the shares. "

"Oh, this matter is simple. Don't say you borrowed 20 million U.S. dollars, even if you borrow 200 million U.S. dollars, I won't frown. You are the major shareholder, and we only hold 1.6% of the shares. Toss it."

As for the management of the mobile phone company, Chen Hong completely let go.

When Hanergy invested US$10 million and Envision Capital invested US$490 million to form a mobile phone company, Chen Hong made it clear that he would only participate in friendship and not in actual operation.

Later, the mobile phone company set up a 20% option pool, and the share of Hanergy Investment also dropped to 1.6%.

Xia Jingxing smiled and said, "Both big and small are also shareholders. This is collective funds. I have to tell you something."

"No problem, let's borrow it! In fact, I haven't really understood it. If you invest 500 million US dollars in a mobile phone company, you don't plan to refinance after that, right?"

Xia Jingxing replied: "Financing... I don't have any plans for this right now, let's wait until the mobile phone is officially on the market."

In fact, there is still something to say, Xia Jingxing didn't say it, didn't show his strong strength, how could he fool so many mobile phone talents to come here with their own food, and work so hard.

Of course, the mobile phone company has too much money left in its account.

Now that the strength has been demonstrated, it can also be "borrowed" for use.

Anyway, if the company spends money on a large scale, it will have to wait a few years.

Putting it in the bank to eat interest, or some short-term financial planning, is too bad.

The financial department of the mobile phone company made a fund plan before, and divided the large amount of surplus money lying on the account into several parts, and made some financial investment in the short and medium term.

The plan was directly rejected by Xia Jingxing, what a joke, it's not enough to pay the interest.

The 1.5 billion US dollars loan he bears is more than 40,000 yuan in interest per hour.

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