Pioneer of the Rebirth Era

He started visiting relatives on the second day of the Lunar New Year and continued until the seventh day of the Lunar New Year when Yang Dongxu left his hometown and went to Hangzhou.

Zhou Ya and her son Wen Chen did not come with them. They would not return to the Magic City until the fifteenth day at home. It happened that Wenchen did not start school until the fifteenth day.

Hangzhou has developed rapidly in the past few years, especially with the emergence of two star Internet companies. The housing prices in Hangzhou are much higher than those in other time and space at the same time.

Of these two star mobile phone companies, one is of course Ahri, and the other is Xuri Technology.

Especially Xuri Technology. On the surface, Xuri Technology is just an Internet company that focuses on YY dating and makes a lot of profits from games. It looks very much like Tencent in another time and space.

But in fact, if you can take a clear inventory of the other departments of Xuri Technology, you will find that this is a business empire disguised as game technology and dating software.

First of all, not to mention the 361 series of products that everyone is using now, the investment department alone is a hidden predator.

Yang Dongxu obviously had high hopes for YY, so before YY came out and Xuri Technology was still making games, he asked Chen Xin to take control of the investment department and start attacking everywhere.

For example, Campus Network, a popular website in the past, had Xuri Technology as an angel investor from the beginning, and it grew in scale after several rounds of financing.

I felt that there was a certain threat to YY, so I directly used my status as a major shareholder to merge him into YY. Now YY has an additional campus dating function. You can enter by nodding at the green grass under the picture.

Another example is the currently very popular Dianping.com, Ganji.com, Wuba.com, Tongcheng.com, Ctrip.com, and many other popular websites, all of which have Xuri Technology Investments behind them.

In short, as long as there is a promising industry, Rising Sun Technology will invest in it. Those that are helpful to the growth of YY will be attracted, and those that threaten YY will be acquired first. Mergers and acquisitions cannot be directly suppressed.

If there is no threat to YY's growth and can make money, not only should you become an angel investor, but you should also continue to follow the investment in subsequent refinancings until you feel satisfied with the rate of return, then quit and leave with full harvest.

So regardless of the fact that Xuri Technology has made a lot of money from YY and games in recent years, which is enviable. If the investment department calculates the various incomes, the rate of return is also frighteningly high.

At present, in the circle, the reputation of Xuri Technology Venture Capital is also well-known. Chen Xin has already earned the title of the Goddess of Wealth.

So looking at the entire Internet market, although Xuri Technology does not occupy half of the market on the surface, the secret investment department actually almost covers the entire industry.

For example, in online shopping, which is quite popular now, Yang Dongxu invested in Ahri, and also invested in Jingdong. Even hidden giants like Huawei who are engaged in real technology have contacts and cooperation.

Except for companies that have already started up before, such as Baidu, the four major portals, and Lenovo, etc., Yang Dongxu has not taken action. Other emerging Internet companies seem to have his shadow behind them.

Even among these companies that he has not invested in, NetEase, one of the four major portals, was plundered by him, and he bought hundreds of stocks. Even the richest man in Shengda, Chen, made a huge profit from him.

Basically all the cakes that can be seen have been taken a bite by him.

In the office of the chairman of Xuri Technology, after reading the summary of last year's investment report and the selection of this year's investment projects in his hand, Yang Dongxu said.

“After Dangdang.com is listed, let’s gradually start reducing our holdings.”

When the investment department was established, Yang Dongxu worked with the investment team formed by Chen Xin for a period of time.

Just like when Dongxu Technology's game department was first established, he led the legendary game team to first figure out the company structure, then set up an orderly server, and made various suggestions for game promotion. He did many things himself.

However, after becoming familiar with the business of the investment department and the game department, he now only controls the general direction and rarely attends meetings with the various department managers of the investment department.

If there are no major changes in a year, he rarely convenes the game department and holds meetings with the 361 department.

This kind of decentralization only controls the general direction, frees up people under their control, and consolidates the authority of managers in each department.

Just show up occasionally and tell the people below that there is a real boss chairman above the majestic manager. This is conducive to the overall control of the company. The best way to operate is to perform their duties at other times.

"Are you not optimistic about Dangdang? Now many people feel that after Dangdang goes public and raises funds, it might be able to catch up with Alibaba and Jingdong." Chen Xin said.

"On the surface it seems like this, but Dangdang has irreparable shortcomings. To be precise, he has the same disease as Amazon, but he does not have the same fate as Amazon.

Dangdang copied Amazon from the beginning, and Amazon has been reforming in the past few years, but Dangdang is still running on Amazon's original path.

More importantly, Amazon has time to reform and cure its problems, while in China, both Alibaba and Jingdong are fixated on Dangdang.

Now the three companies are balancing each other and getting along well, but after the listing and financing, no matter what Dangdang wants to do, these two will definitely cause trouble. Coupled with Dangdang's own problems, it will be difficult for him to think about it."

In fact, it is not surprising that Chen Xin did not see the trend that Dangdang was about to prosper and then decline. Yang Dongxu, who had not been there, would not have been able to see this either.

After all, taking advantage of the fact that the Internet has developed more rapidly than other out-of-control companies, Dangdang is also poised to take off.

In another time and space, in 2004, Amazon made a proposal to acquire 70% of Dangdang shares for US$150 million.

Later, Dangdang refused and offered an increase that could be negotiated between 100 million US dollars. And what was Ma Fengyun doing in the same year?

In 2004, Ma Fengyun had just launched the payment platform. Although the company's valuation was high and promising, it was a fact that Dangdang was stronger.

This chapter is not finished yet, please click on the next page to continue reading the exciting content! In this time and space in 2004, Amazon wanted to acquire % of Dangdang's shares, and the price offered was between US$2 billion and US$3 billion, which was negotiable.

Because of the booming development of China's Internet market under the influence of his butterfly wings, this valuation is two or three times higher than in another time and space, and Dangdang has not stopped in the past few years. Now the company's valuation has reached 4.5-5 billion US dollars.

about.

And the valuation of the stock price when preparing to go public is planned to be US$5 billion.

Calculated based on the valuation that the company's market value will at least double after it goes public, a proper tens of billions of companies are not gone, and they are still tens of billions of dollars.

Converted into RMB, this is all going to a large enterprise worth hundreds of billions. And Another Time and Space Dangdang was only listed at the end of 2010.

This time and space is only at the beginning of 2008, and the listing time is almost three years earlier. With such a scale and strength, it is natural that all venture capital investors are optimistic that Dangdang can take off.

Only Yang Dongxu, a loser, knew that Dangdang did have its highlight moment after its listing, and then... and then just like Yahu.

A variety of magical operations began to pave the way, reaching a peak after being listed for a period of time, and then never returned to the peak, let alone surpassed the peak.

Although she was still optimistic about Dangdang in her heart, Chen Xin still chose to obey the undefeated myth that Yang Dongxu had created in her heart over the years.

What's more, even without this undefeated myth, Chen Xin would respect Yang Dongxu's opinion, so she pondered for a moment and said, "Then I will cash out after the listing. I have made some actions before to make the outside world feel that the funds in the Rising Sun Technology Investment Department are somewhat tight."

.

Then after the company is listed, it is also routine to carry out a wave of cash out and deal with the capital crisis, and it should not cause any unnecessary trouble."

"Look at the arrangement. It's best to clear out all the shares and leave the market within a year." Yang Dongxu said.

It is a common practice that after a company is listed, the entire company will rejoice, discuss merits and rewards, and then make big moves like I want to be number one in the world.

So when the time came to cash out, both Dangdang executives and investors were the least vigilant, but they repurchased Chen Xin's shares and felt like they had made a profit.

After the listing and financing, Dangdang's stock price is expected to rise slightly, and profits can be maximized by cashing out within a year.

Even if it is not cashed out at the highest level, based on Chen Xin's current % stake in Dangdang, which is estimated to have a market value of US$10 billion, it can be cashed out at a minimum of US$100 million.

How much does it cost to invest in Dangdang.com?

The angel invested US$500,000, then the Series A financing followed the investment of US$1.5 million, the Series B financing followed the investment of US$5 million, and the Series C financing involved more co-investors from Amazon, so they invested US$1,200 to ensure that their shares would not be diluted.

A total of 19 million US dollars was invested before and after, and in exchange for a report of 100 million US dollars, the return rate was more than ten times, which is not very satisfying.

So even if he doesn't cash out when the stock price reaches its peak, Yang Dongxu is content.

"How will you use the funds after cashing out? I will keep them for you?" Chen Xin knew that Yang Dongxu was planning to take advantage of the subprime mortgage crisis to take advantage of the American consortium. She began to mobilize funds since last year, and many of them were handled by her.

"Isn't Dangdang preparing to go public in April? If you cash out gradually, you may not be able to catch up with the funds. It will only be in July and August at most. Lehman Group will be overwhelmed and the subprime mortgage crisis will begin to be complete.

broke out.

So for this money, you can follow the steps to cash out and make subsequent plans. If there is a shortage of funds here at that time, I will go to the bank to borrow money, so you don’t have to disrupt your investment plan."

"I know." Chen Xin nodded.

"Then things will be arranged like this, and other investments will be carried out according to the plan you made. I will fly to Shenzhen in the afternoon, do you want to go with me?" Yang Dongxu asked.

"Did Dongxu Technology encounter any problems?"

"It's not like we've encountered a problem. This is because William's chip production technology is gradually maturing. Except for mobile phone chips and the car chips we tried before.

Dongxu Technology is planning to join forces with chip companies to bring computer chip technology to the next level. After all, there are a lot of chips in computer hardware.

The black pieces on the memory stick are chips. There are many chips on the motherboard, hard disk, graphics card, etc., plus the computer's CPU. This is a big project, and we need to go over to have a meeting to plan it carefully."

Dongxu Technology has actually been at the forefront of the world's chips in terms of chip design and application, ranking at least among the top three in all aspects.

But in terms of chip production, we have always found people to do it. Now that we have our own chips, and the chip factory has passed the early adaptation period, it is natural to arrange everything that can be arranged as soon as possible. Time waits for no one.

Don’t take advantage of the fact that the old American consortium is now focusing on the Lehman Group and the rapid rise in other fields.

I don’t know how my neck got stuck later.

"Then go ahead. I'll break down the investment plan. It's just the beginning of the year and I'm quite busy with a lot of new projects."