My Age of Investment

Before Xia Jingxing took the initiative to contact Lou Wei, the latter called and invited him to visit CIC.

For CIC, the largest single external LP of Envision Capital, Xia Jingxing attached great importance to it, and rushed over after receiving the call.

After arriving at the place, Xia Jingxing exchanged pleasantries with Lou Wei for a while, and then chatted about the profit and loss of the 4.5 billion US dollars that CIC invested in Vision Capital.

"In the US$1.5 billion S Fund portfolio, Facebook is already preparing for an IPO, and Ahri will split off its B2B business and list in Hong Kong in November..."

"A credit fund of US$1.5 billion issued a structured guaranteed loan of US$430 million to Hengtai Group, with an agreed annualized interest rate of 18%."

Hearing this, Lou Wei couldn't help but interrupted: "Such a high interest rate?"

Xia Jingxing patiently explained: "It is already the interest rate after the discount. The annualized interest rate given by foreign banks is 19.5%."

Lou Wei nodded lightly, "Since the introduction of property market regulation policies, the financing environment facing real estate companies is indeed not very good."

Xia Jingxing ignored such sensitive topics, and continued to report on the situation of the third fund.

“CIC’s $1.5 billion special-purpose hedge fund made a 10% profit some time ago by being long on Chinese concept stocks and U.S. Internet-listed stocks. At present, U.S. stocks are volatile. Our team is adjusting positions to keep profits. At the same time, we are looking for new market opportunities.”

Lou Wei nodded in satisfaction. He really did not misunderstand the person. He has achieved such excellent results in less than half a year after investing in Vision Capital.

Do you want to invest some more money?

Lou Wei stopped the impulse in his heart and decided to take another look, because the impulse of their company some time ago has already caused a lot of criticism.

The most embarrassing thing is that some time ago, I met Tie Xiang at Tsinghua School of Economics and Management, and the other party reminded him to take some time to invest in Blackstone.

"Xiao Xia, Ahri's split and listing this year has been confirmed. With a clear timetable, will Facebook be able to go public next year?"

Xia Jingxing smiled wryly in his heart, and Christina set off a smoke bomb, but the outside world didn't see it that way, they all thought that Facebook, which had turned profitable, was going to go public.

He didn't dare to fool Lou Wei, but Xia Jingxing didn't want to tell the truth, so he said vaguely: "It depends on how big the impact of the US subprime mortgage risk is and how widespread it is."

Lou Wei heard the voice, "Do you think the risk of subprime mortgages in the United States will cause major fluctuations in the stock market, which will affect Facebook's listing?"

Xia Jingxing nodded heavily: "There is such a possibility, and the possibility is very high."

"I have read Jiang Ping's speech at the annual meeting of the National Chinese Financial Association, and it is very insightful."

Lou Wei looked into Xia Jingxing's eyes, and said in a calm tone, "You think the subprime mortgage risk will affect financial institutions, and even affect the real economy, right?"

Xia Jingxing nodded: "Yes!"

Lou Wei asked some more basis for Xia Jingxing's judgment, and then said solemnly: "These reports of yours are very important to us. Recently, some Wall Street organizations came to lobby for us to buy shares."

Xia Jingxing didn't ask around, but he already guessed who it was, it should be Morgan Stanley.

Blankfein can play the trick of transferring damage, while Mack is a little slower to react, but he also knows to look for external forces to strengthen the cash reserves of Morgan Stanley and resist risks.

After expressing his gratitude for a while, Lou Wei didn't say anything further, it was a company secret after all.

He changed the subject and asked, "Xiao Xia, what do you think of Blackstone's investment this time?"

"Blackstone, they have done well in PE investment and real estate investment, and Vision Capital has been learning from them."

Seeing Xia Jingxing's serious attitude, Lou Wei didn't know what to say, he was so mature at such a young age.

Because Blackstone invested a lot of real estate, before the financial crisis spread, it was already burnt on the outside and tender on the inside.

On the contrary, Vision Capital went up against the trend and achieved very good results.

Comparing the two investments at present, it is undoubtedly that Vision Capital has the upper hand.

Lou Wei didn't bother to ask anymore, because even if Xia Jingxing told him: the price will still fall, sell it quickly! It didn't help either.

CIC made a surprise investment in Blackstone before its IPO. According to the agreement, the 9.9% stake will be locked for four years, and only one-third of it can be sold each year after the ban is lifted.

In other words, it has been locked up, and it can only be untied after seven years.

After the two chatted for a while, Lou Wei smiled and said, "That's all for today, keep working hard, CIC is very optimistic about the development of Envision Capital."

Xia Jingxing understood the hint, it was telling himself that if Vision Capital performed well, CIC would add more funds.

Xia Jingxing was a little happy in his heart, a total of 200 billion US dollars, this is a golden mountain, but also a talisman.

Thinking of this, he hurriedly said, "Dong Lou..."

Under Lou Wei's surprised gaze, Xia Jingxing quickly changed his name to "Old Lou".

This title was a request made by Lao Lou himself, and Xia Jingxing didn't dare to use it casually.

Lao Lou said that CIC should be market-oriented and corporate-oriented, and not to introduce those bureaucratic styles, so Xia Jingxing followed his instructions.

But when they really got along, Xia Jingxing still felt unnatural.

"Overseas Holdings may have to raise funds next, which should be the last round of financing before going public. We would like to invite CIC to join."

Lou Wei wondered: "Isn't there a Hainei website in the investment portfolio of the S Fund of China Investment Corporation?"

Everyone likes to call Hai Nei Holdings Hai Nei Wang, and Xia Jingxing doesn't bother to correct this.

It's not good to play tricks with these people, Xia Jingxing pointedly said: "After all, Hainei.com is a social platform, and our team is relatively young. There may be some inadequacies in the grasp of social speech, so an old Comrade to help check."

Lou Wei immediately heard the implication, and said with a smile: "Don't worry about doing it, if you need any support, CIC will help you."

This was what Xia Jingxing was waiting for, and he thanked him excitedly.

…………

…………

"Mr. Xia, I'm taking the liberty to visit. I hope you won't be offended!"

In the Beijing office of Vision Capital, Lei Jun smiled and shook hands with Xia Jingxing, looking very polite.

After returning to China for more than two years, Xia Jingxing and Lei Jun had met a few times, but they were all in some forums and official meetings, and they had no contact in private, they could be regarded as nodding acquaintances.

Xia Jingxing was very curious about the reason for this Zhongguancun model worker's sudden visit.

Repressing the question in his heart, Xia Jingxing asked Lei Jun to sit down, and then ordered the secretary to make a cup of tea.

"Mr. Lei, congratulations, I heard that Jinshan will be listed in Hong Kong soon!"

"Mr. Xia, I'm happy with you. I heard that three companies, Ari, Facebook, and Hengtai, are going to go public. It can be called three happy times!"

Lei Jun looked at Xia Jingxing with admiration. At this age, he would soon be a shareholder of three large listed companies, especially Facebook and Ari, which could be regarded as the top Internet companies in China and the United States.

After exchanging pleasantries for a while, Lei Jun got straight to the point: "Mr. Xia, I came here specially to ask you for advice."

Xia Jingxing shook his head and laughed, "Don't dare to ask for advice, let's communicate with each other."

Lei Jun smiled, "Then I'll just say it straight, after Jinshan goes public, I want to retire and find something to do, such as doing angel investment.

Vision Capital is the top investment institution in China, and I made a special trip here to learn from it. "

"Mr. Lei, you are being humble. The Lakala, Duowan, and UC Youshi you invested in are all excellent start-up companies, and the Joyo event is a classic exit case."

Lei Jun felt that Mr. Xia was too polite, far less domineering than the rumors said.

He was very familiar with Mu Zhixin's group, and he often heard these people complain about Xia Jingxing.

But after really getting in touch with Xia Jingxing, he felt that others' evaluations were mixed with too much personal grievances and not objective enough.

"Oh, Mr. Xia, I'm still a loyal fan of your Fuxing mobile phone."

Lei Jun suddenly took out his mobile phone from his pocket, and waved it in front of Xia Jingxing as if offering a treasure.

Seeing this scene, Xia Jingxing felt that Lei Jun was quite down-to-earth, and quietly diluted some of the strangeness in his heart.

"I bought a total of 20 Fuxing FX1s and gave them to relatives and friends around me. They all praised this phone."

Lei Jun stroked the mobile phone in his hand, and sincerely praised: "Many designs of this mobile phone are really amazing, and it has a sense of sight of a sci-fi blockbuster!

After getting started, I felt that this must be the direction of mobile phones in the future, fast surfing the Internet, watching videos on the horizontal screen, and playing games by touching the screen with your fingers..."

Seeing Lei Jun's appearance as a mobile phone enthusiast, Xia Jingxing could feel that this was not an act, but that he was really conquered by Fuxing mobile phone.

Xia Jingxing suddenly had a feeling, would Rebus build mobile phones in advance?

As soon as he thought of this, Lei Jun asked: "I heard that Android is open source? And invited more than a dozen domestic mobile phone manufacturers to join the Android Alliance?"

Really came up with whatever he wanted, Xia Jingxing nodded and said, "Yes, we hope to use the strength of more peers to improve the Android system and create an ecology."

"Very bold!"

Lei Jun said with emotion: "If it were me, I would be reluctant to open up such an amazing mobile phone operating system."

Xia Jingxing did not pretend to be coercive, but told the truth: "There is no way, there are too many enemies around, and if you want to become bigger, you must unite more people."

Lei Jun smiled, and felt that Xia Jingxing was very frank and easy to get along with.

"Android is so sincere that I have the urge to start a mobile phone company!"

Xia Jingxing said calmly, "It's totally possible! If you want to make a mobile phone, I can support you."

"Really?" Lei Jun looked happy.

"As far as your title of Zhongguancun Model Worker is concerned, it is very valuable for investment."

Xia Jingxing made up his mind that if Mr. Lei made a mobile phone, he would support him. Anyway, Fuxing mobile phone would not enter the low-end market.

Rice mobile phone can fill this market and form a certain cooperation and synergy with Fuxing mobile phone.

Lei Jun smiled and shook his head: "I just think about it, I have worked in Jinshan for 16 years, I need to take a good rest and adjust, and I have no experience in hardware.

Interlacing is like a mountain. It is not advisable to blindly build mobile phones. You must have a basic awe of an industry. "

Xia Jingxing smiled, as expected of Rebus, he was in a stable group.

The current state of Lei Jun is indeed not suitable for making mobile phones. If he starts the project rashly, it may soon become obsolete.

Speaking of which, he had cut off five of the eight kings of rice, leaving only Lei Jun, Li Wanqiang, the general manager of Kingsoft PowerWord who was always with him, and Hong Feng, who worked at Google China.

When Fuxing Mobile was first established, Xia Jingxing didn’t know where Hong Feng was. Later, he found out that he was in the United States. He was the main person in charge of the Google Calendar and Google Maps 3D Street View projects. He returned to China last year to join Google China as a senior product manager.

Do you want to snatch Hong Feng from Rebus?

Xia Jingxing felt that he still had to be an individual.

In fact, it doesn't make much sense to invite Hong Feng again at this time.

Because of the successful rise of Fuxing Mobile, a large number of domestic and overseas talents are pouring into this top technology company in China, which overwhelms Zhizhiguo.

It is no exaggeration to say that Fuxing Mobile really represents the highest domestic level in the field of personal consumer electronics.

This position used to belong to a conscientious company, but now it has been squeezed out.

"If you want to make a mobile phone someday in the future, you can come to me."

Xia Jingxing felt that it was still necessary to pay Rebus a favor, not to mention that he was a potential stock.

"Sure!" Rebs nodded with a smile.

"When Jinshan goes public, why don't you come to Vision Capital to be an investment partner?" Xia Jingxing sent out an invitation tentatively.

Lei Jun was silent for a while, and asked, "The kind of Zhou Hongyi and IDG?"

Xia Jingxing nodded with a smile. Titles like "Operating Partner" and "Investment Partner" are usually part-time positions in big funds.

Some funds like to have such lofty titles in order to expand their network, expand their influence, and recruit successful entrepreneurs with certain specialties to join their companies.

In fact, it is not a simple employment relationship, but rather a cooperative relationship.

Lei Jun thought for a few seconds, then smiled and said, "I need to think about it."

Xia Jingxing said emotionally: "No problem, call me when you think it over, I'll wait for you!"

Lei Jun suddenly let out a long series of devilish laughter.

"Are you ok?"