My Age of Investment

"Go to South Korea to acquire a game company? Or buy two?"

In the conference room of Hainei.com, Xu Xin was very surprised to hear this sudden decision.

Lin Xinhe, Zhu Min, Chen Hong, and Deng Feng were also very puzzled, but they didn't express their opinions hastily, they were going to listen to Xia Jingxing's explanation.

Xia Jingxing didn't say anything, but looked up at the electronic screen hanging on the wall, and asked, "Xue Li, can you hear our conversation clearly?"

On the screen, Sheryl Sandberg is sitting at home, smiling and waving to the camera: "No problem, I can hear you clearly."

Facebook holds 15.71% of the shares of Hainei.com, and is the second largest shareholder after Vision Capital, so it will attend every meeting of the board of directors.

Kristina was pregnant and was already cutting back on her workload, so Shirley represented her at the meeting as Facebook COO.

"I should have told everyone before that if the huge user base of Hainei.com is to be converted into real profits, it must be deeply cultivated in advertising and games.

The open platform can be regarded as our advertising business. In addition, we are also building an advertising sales team. We plan to undertake some brand advertising this year and officially start the road to commercial realization.

For the game business, I believe that the results of "Happy Farm" have proved everything. The huge user base will serve as game traffic, which will bring explosive results to the game.

Penguin has set a good example for us, we just need to follow the path of "social + game". "

"Mr. Xia, I am not opposed to making games on Haineiwang."

Speaking of this, Xu Xin paused, and tried his best to soften his tone and said: "Games are a promising business, there is no doubt about it! But are our steps too fast and too big?"

"At present, the domestic game market is showing a trend of "one super, many strong", but the pattern has not been fully formed, and all peers are fighting for the top.

If we don't march at this time, when will we have to wait? "

Xia Jingxing frowned and said, "Before, everyone kept asking me about the listing plan of Hainei.com. Now I can tell you clearly that when the profits generated by the game business can turn Hainei.com into profit, the time for listing is ripe."

Xu Xin shook her head lightly, and didn't speak again. She felt that Xia Jingxing was too radical, and didn't consider the actual situation of Haineiwang at all, and took too big a step.

No one spoke, the room fell silent instantly, and the atmosphere became awkward for a while.

Seeing this, Lin Xinhe smiled and came out to smooth things over: "Mr. Xia, don't be angry, Mr. Xu is actually thinking about the stability of the company.

As a shareholder, who doesn't want Hainei.com to go public as soon as possible?

But having said that, in the past year, Hainei.com has indeed gone too fast, and there is no time to consolidate the market.

Penguin is staring at Hainei.com, and Thousand Oaks is not willing to fail, hiding in the dark. As long as Hainei.com suffers a little setback, these two companies will definitely pounce fiercely.

My opinion is that we have to do the game, but we have to do it step by step, and take each step steadily.

In addition, more attention should be paid to the basic SNS business, which is our basic disk and the foundation of everything. "

Xia Jingxing shook his head, and said loudly: "Making games and SNS business are not contradictory, we can do both."

"I know, I know, Mr. Xia, don't get excited."

Lin Xinhe waved his hands quickly, and said with a smile on his face: "But there is a priority in everything you do, you can't have it both ways.

Mr. Xia, how about we represent a game first? Practice your hands first, and if the effect is satisfactory, we will increase our strength immediately.

During this period, we can also mature our open platform, advertising sales, and social games.

At that time, the overseas online market will be stable, and there will be sufficient funds. We will enter the game market in an all-round way, be it Shanda or Ninetowns. "

Zhu Min, Deng Feng, and Chen Hong all nodded. These words are mature and prudent words. They will develop steadily and never give their opponents a chance.

Xia Jingxing sighed: "The team of Hainei.com has fought so many tough battles in the past year. It is absolutely no problem for several sections to advance at the same time."

Lin Xinhe smiled and said nothing.

Xu Xin sighed in her heart. She felt that Xia Jingxing was a little drifting now, and she was too eager for success, so she regarded the team under her as iron men.

However, some things were not suitable for her to say. After all, the relationship was divided into close and distant, and her words had no weight, so Xia Jingxing couldn't listen to them.

Zhu Min coughed: "Jing Xing, as an old senior and big brother, I have to say a few words, my words may not be very nice, so don't be angry."

Xia Jingxing smiled wryly: "Big brother, what do you think of me, I'm not that stingy."

Zhu Min chuckled, "Then I can say it!"

"Let's talk!"

"I really did."

Xia Jingxing lost his temper completely after being dealt with, and nodded repeatedly.

"The data of farm games is rising rapidly, far from reaching the peak, and then there are orchard and ranch games waiting to be launched. These are the casual games and social games you mentioned. They are the foundation of stabilizing the domestic network and can increase user stickiness.

At present, these games have not been monetized yet. When the virtual currency is launched, can they start selling game items? "

Xia Jingxing nodded.

Zhu Min spread his hands, "It's over, the games we develop ourselves can also make money, and we can also train the game team.

In addition, developer sharing, advertising sales, which one can't make money?

We already have a few good cards in our hands, and we can't chew more.

Think about it, how much has the team size of Hainei.com increased in the past year? Can you still be as commanding as before? "

Xia Jingxing opened his mouth slightly, and was about to speak, but Zhu Min waved his hand to stop him: "Listen to me first! I know you want to attack quickly, occupy market share in several sub-sectors at the same time, and gain a strategic advantage.

But if you open your mouth, the people below will lose their legs! Can management keep up? Will there be deviations during execution?

One bird in hand is worse than ten birds in the forest!

I have studied Penguin recently. They launched QQ games in 2003, mainly promoting casual games such as chess and cards, and then represented the first online game "Triumph"...

After more than three years and nearly four years of development, Penguin can barely squeeze into the second echelon of games. Compared with the large-scale online games of NetEase and Ninetowns, Penguin's online games can't stand out at all, and its advantage lies in casual games.

The water of large-scale online games is very deep. Penguin has been developing for so many years, but it has not entered the room. We have only launched casual games for a few months, and we are completely newcomers to games.

Haineiwang is like a recruit who has just entered the battlefield. Because he killed an enemy, he was immediately appointed by his superiors to command a regiment. On the surface, this seems to be no problem, but in fact there are many problems. The combat and command modes are completely different. "

Except for Xia Jingxing, everyone present was nodding. Zhu Min's words clearly dissected the current Hainei. it's time.

Xia Jingxing pursed his lips and said nothing, he was actually thinking seriously, Zhu Min's words made him wake up a lot.

In terms of development pace, Hainei.com is even faster than Facebook. Once it develops rapidly, many problems of the company will be covered up under the beautiful report card.

In particular, he still runs around from time to time, and the Kangaroo King is alone in the company inside and out.

It's not that he underestimated Huang Xin. At this time, Huang Xin was far from the kangaroo king with millions of knights in the future. The scale of the company is expanding rapidly, and the subsequent management problems are a big problem that plagues every manager.

With a good product and promotion plan, whether the implementation is in place will determine the ultimate success or failure.

Next, there will be even greater responsibilities on Huang Xin's shoulders. Can he bear it? this is a problem.

However, the two games will not be launched immediately, there is a certain buffer period, during which time the team can be reorganized.

President Xia Jing breathed out, "Brother Zhu Min, you are right, I am too optimistic."

Seeing that Xia Jingxing finally bowed his head, all the shareholders present were greatly relieved.

But Xia Jingxing's next sentence made them raise their hearts again.

"But I still want to acquire two game companies."

"Why?"

Deng Feng stared at Xia Jingxing, frowned and said, "Can't it be later?"

Chen Hong nodded: "That's right, Jing Xing, it's not that we won't let you do it, the current Hainei.com doesn't have the money to support overseas acquisitions at all.

Let's wait for the development of the domestic network to reach a new level! OK? "

Xia Jingxing sighed: "Hey, then I'll let Vision Capital come forward to buy it!"

Chen Hong thought Xia Jingxing was speaking in anger, so he quickly comforted him, "Oh, don't be angry, it will hurt you!"

Immediately, Chen Hong looked at the other shareholders and said, "It's really not possible, let's buy a company. I think the scale of Shimankai is smaller, let's take this one, it's all about testing the waters."

The rest of the shareholders could hear that Chen Hong was having an affair, but none of them wanted to make the relationship with Xia Jingxing deadlocked, so they all agreed.

Even Xu Xin, who had the strongest objection, expressed his attitude: "Then let's buy one. Let's run it for a year and see if the effect is satisfactory, and then we will win another one."

After listening to the translation, Shirley on the screen also expressed her opinion: "This plan is relatively safe, and from a financial point of view, it is also the most suitable plan for Haineiwang."

Hearing Shirley speak so directly, the shareholders present were a little embarrassed.

Money is not an absolute factor, but it accounts for at least half of it.

Several of their institutions are new funds, and each of them has bet tens of millions of dollars on the overseas website, and their positions are very high.

At the same time, the valuation of the shares is not cheap. If there is another round of capital injection and the game business fails, it will be very passive.

The big hole in Thousand Oaks has really alerted the domestic venture capital industry. Blindfolded blindfolded investors are destined to be unable to cry.

Xia Jingxing actually expected such a result in today's meeting, after all, except for him, everyone is not rich.

And the acquisition itself is risky. No one can predict what kind of gold mine the two games and the development company behind them will be.

It is normal for shareholders to be conservative in their thinking.

Xia Jingxing said indifferently: "It's better for Vision Capital to buy it, and then authorize the game to the agent of Haineiwang."

"How is this good?"

Lin Xinhe waved his hand, "Mr. Xia, aren't we taking too much advantage of Envision Capital?"

Xia Jingxing said with a smile: "The big shareholder, take more responsibility."

"President Xia, you don't have to be like this."

Xu Xin felt that Xia Jingxing was angry and was protesting that they did not support the acquisition.

She and Xia Jingxing looked at each other, and said with a serious expression: "Whether it's the game industry or other industries, it can't be achieved overnight. Please, Mr. Xia, think twice before acting."

Xia Jingxing rubbed the center of his brows, he was not allowed to do this, and he was not allowed to do that, what exactly do you want to do?

He could actually guess some of Xu Xin's thoughts. The eldest sister blamed her for worrying about the failure of Vision Capital's acquisition.

Several high-quality companies invested by Capital Today are deeply influenced by Envision Capital. If the cooperative relationship between the two parties deteriorates, it will not be a good thing.

"Yes, Jing Xing, don't be impulsive!"

"Think about it again. PE funds don't work like this. It will be very troublesome for you to withdraw in the future."

"Why bother, take it step by step!"

...

Zhu Min, Chen Hong, and Deng Feng were all on the sidelines trying to persuade them.

Xia Jingxing waved his hand: "You don't have to persuade me anymore, I've made up my mind, so I'll do it like this!"

"Oh, is there anyone willing to participate? You can invest some money, and everyone will form a Chinese-funded consortium and go to South Korea to purchase together."

Xia Jingxing scanned the surroundings, but no one said anything, and then he laughed loudly: "I'm just kidding, everyone just wait for my good news, the domestic network needs to be done well, and the game business needs to be run, we have to grasp it with both hands. Both hands must be hard!"

With Xia Jingxing making such a move, no one could object to it.

At the same time, they also understood Xia Jingxing's determination. In the final analysis, they had no right to interfere with the matter of Vision Capital.

After the meeting, everyone left.

Xia Jingxing sat alone in the conference room, silently thinking about the next solution.

If the shareholders of Hainei.com are unwilling to contribute, Envision Capital will have to bear all the funds required for the acquisition by itself.

However, Vision Capital has no money left.

Of course, this refers to the surplus funds. At a critical juncture, disrupting the investment deployment can still extract part of the funds, such as the 4 billion securities assets held in A shares.

However, if he dared to boast, there would naturally be a solution.

He has already communicated with Blankfein that Goldman Sachs will contact several South Korean banks for Vision Capital, and leverage the form of "a small amount of cash + equity pledge loans + issue of high-interest bonds" to acquire Neople.

However, Shimankai can't do it. There is no cash flow and profit, and it can't use leveraged buyouts. It has to spend real money on acquisitions.

Using money from the Bank of Korea to acquire Korean assets is a must for a mature financial company.

"Bang bang~"

Xia Jingxing heard the knock on the door, looked up and asked, "Why are you back?"

Chen Hong said with a smile: "How much does it cost for the acquisition? I can't afford too much, and I can support you with 20 million US dollars."

There were too many people present before, it was difficult for Chen Hong to express his opinion, so as not to embarrass others.

So, go sit in the car in the parking lot for a while, smoke a cigarette, and he's back.

"You have a good vision, and you are going to make a lot of money!" Xia Jingxing said with a smile. Chen Hong was willing to bet heavily on him. He invested money in Haineiwang and Fuxing Mobile. Now he is going to Korea to buy games. continue to follow.

"I don't know about Korean game companies, but I trust you." Chen Hong stared at Xia Jingxing.

Xia Jingxing smiled slightly, now it's all over, even the start-up funds for the leveraged buyout are available.