Pioneer of the Rebirth Era

Yang Dongxu holds shares in many well-known venture capital companies of later generations, such as Goldman Sachs, Citigroup and Sequoia. But the shares are just shares. He has never thought about controlling a venture capital company now. Investing in these companies is just for

It will facilitate future business layout and at the same time obtain substantial share dividends.

But when he learned about SoftBank, a venture capital company whose name he had heard in his previous life but did not know its specific content, he changed his herding-style investment and chose to invest in the company. And he suppressed Son Masayoshi's plan to go public today.

Require.

Although listing can solve the financial pressure, it will disperse the shares. Yang Dongxu knows that sharing will make the cake bigger. This does not mean that he will share everything. He will not let go of the opportunity to eat alone.

So SoftBank was directly taken over by him, but Zhou Ya was responsible for these things before. Today, Sun Zhengyi only came all the way from Japan to Hangzhou, naturally because Yang Dongxu had specific things he wanted to discuss with him.

talk.

"I will invest another US$100 million in the company." Yang Dongxu brought a cup of brewed tea to Sun Zhengyi.

Son Zhengyi bent down to express his gratitude. Although the future richest man in Japan has shown his prowess in recent years, the capital currently controlled by Yang Dongxu is far inferior. Especially the shares of his company are controlled by a beautiful and outrageous woman, and the person in front of him is

The young man was not as old as his own son, and many speculations flashed through his mind.

The Chinese are very rich. This is a fact recognized by the world, even if China is still very poor. So Masayoshi Son has no objection to the company being acquired by a Chinese. The influence of the Chinese in the world economy is not small, especially in Malaysia.

and in countries like Singapore.

But the big boss behind his company turned out to be Chinese, which made him think more and was surprised. But no matter how much he thought about it, he couldn't figure out how such a big capital suddenly appeared in poor China.

But instead of thinking too much about these moments, Sun Zhengyi's eyes lit up when he heard that Yang Dongxu would inject another 100 million US dollars into the company. But there was a vague fluctuation in his eyes, as if he thought of something.

"Don't worry, I'm not investing again to dilute your shares. Otherwise, I would have directly controlled 100% of the shares during the acquisition. You can deduct the part of the funds that belong to you from the annual share dividends. So if there are no share dividends for many years to come,

Don't blame me." Yang Dongxu said with a smile.

"Young Master Yang is joking." An unnatural look flashed across Sun Zhengyi's face, but he quickly regained his composure and said, "Did Young Master Yang fancy another investment project?"

Son Zhengyi had studied in the United States before, so the two of them could converse very smoothly in English.

For venture capital companies, the more funds they have, the better, but more is not better. After all, the funds in venture capital companies are to create benefits, so funds are more important and good projects are more important, otherwise there will be no money.

For good venture capital projects, there is no way for venture capital companies to survive.

"First tell me what projects you are optimistic about?" Yang Dongxu kicked the ball back.

"The electronics industry, especially the telecommunications and computer industries." Son Zhengyi spoke concisely and concisely, without using his usual eloquence to "fool" investments, because there is no need. The person in front of him is the boss, and all he has to do is to be efficient and save money.

The current work is not about asking the other party to invest in a big way.

"Oh? Isn't the mobile phone industry good?" Hearing Sun Zhengyi's words, Yang Dongxu had to nod silently in his heart. A good person is a good person. I can't be more precise about the development trend of the industry. It's not impossible for other venture capital companies to ride the world.

Reasonable.

"The mobile phone industry is indeed a good investment choice, especially after years of technology accumulation, the mobile phone industry will usher in a wave of explosive growth." Son Zhengyi said.

Yang Dongxu took another high look at him. There may be many people who can see the future of an industry, but there are very few people who can accurately grasp the pulse of the industry as it develops.

"Then why are you unwilling to invest in the mobile phone industry?"

"There are benefits, but the benefits are limited, because many companies and venture capital are now optimistic about the mobile phone industry. The threshold for investing in this industry is constantly rising. Although high capital investment can obtain high returns, the return ratio is not as good as that of the computer and telecommunications industries.

However, it may take some time for the two to incubate, but once the incubation is successful, its profits will definitely surpass the mobile phone industry, or even be several times that of the mobile phone industry."

"Which telecommunications business do you like?" Yang Dongxu rubbed his chin a few times and asked.

At this time, he felt a little relieved. Although the talented people are talented, they are not reborn. Although he accurately grasped that the mobile phone industry will usher in a wave of explosion, his estimate of the extent of the outbreak was low.

If his memory is correct, it is true that the cost of investing in the mobile phone industry is too high now, but as long as you can get on the car, you will make money, and you can still make money by counting money until your hands cramp. This makes Yang Dongxu, who has the feeling of being crushed by the wisdom of an outstanding person, a little bit

I regained a little confidence.

"Broadband and cable TV." Masayoshi Son said concisely.

"What do you think of mobile communications?"

"It's a good industry that can be invested in, but with the company's current capital flow, if we invest in telecommunications and computers, there won't be too much money diverted to mobile communications."

"Tell me your specific thoughts." Yang Dongxu said.

"Invest in telecommunications first, followed by computers. We can invest in some computer companies with development potential and take shares instead of controlling shares, allowing them to develop on their own. Then come mobile communications."

"Okay." Yang Dongxu nodded. Although he knew that both computers and mobile communications were good things, as Son Zhengyi said, he really didn't have much money to bet on these two industries.

Moreover, if SoftBank continues to invest heavily in the computer industry, it will overlap with Dongxu Technology's future plans, so it will be okay to invest less. As for mobile communications, it can only be put back a little bit, and the landlords really have no surplus.

Sun Zhengyi breathed a sigh of relief when he heard that Yang Dongxu fully accepted his general investment direction. The biggest taboo of venture capital companies is that investors and bosses are always at odds with each other, and then continue to argue.

But the next moment his nerves became tense again because Yang Dongxu uttered two more words.

"However, in addition to the current investment in the Japanese telecommunications market, I hope you will guide the investment companies to develop inland China."

"Inland China?" Sun Zhengyi frowned, "There is nothing wrong with the investment direction, but isn't it a little too early?"

As a relatively successful businessman in Japan, no one will ignore the huge market around them. Moreover, with the economic development of the inland in the past two years, the proportion of Japanese capital has been increasing.

But in the electronics industry, especially the telecommunications industry, although Son is optimistic about the mainland market, he does not think now is a good time to invest.

The reason why I think so is naturally because the mainland is constantly developing, but the telecommunications infrastructure is really lackluster. This year, the United States proposed the information highway plan, but in mainland China, even in cities, not every household can have a wired phone.

At this time, when investing in the mainland telecom market, the return date feels far away.

"I also mean to try our best to promote the development of the inland telecommunications market. As long as it does not involve sensitive technologies, we will give them whatever they ask for. Although the development of telecommunications in mainland China is slow at present, several major cities have already developed, especially those like Shenzhen and Shanghai.

City.

The demand for informatization will become more and more urgent. Therefore, although China does not have the capital to build an information highway like the United States, the development of telecommunications in large cities will definitely accelerate.

By winning the telecommunications market in first-tier cities, we will have a fulcrum. Then with this fulcrum as the center, we can slowly expand to the surrounding areas and slowly occupy the market."

Yang Dongxu sighed after hearing what Sun Zhengyi said. He naturally knew that it was a little too early to invest in the mainland's telecom market at this time. But if foreign capital was not introduced, the development of China's telecom would still be wasted for several years even in first-tier cities. And even if it develops later

There is always an era difference with foreign telecommunications technology.

Therefore, he wants to take advantage of the current blockade of Chinese technology by Europe and the United States, which is still focused on some heavy industries, such as steel, engines, etc.

Introduce the newly emerging telecommunications civilian technologies into the country as soon as possible, otherwise it will be troublesome when the technology blockade starts from heavy industry and spreads to other technical fields. You must know that Maserati is currently under a lot of pressure internationally.

"This is an investment direction. Currently, SoftBank is the major shareholder of several Japanese broadband and cable TV companies. However, investment in the telecommunications industry in mainland China does not seem to be very popular at present." If it only invests in the current first-tier cities in mainland China, Masayoshi Son would support it.

Although China's telecom users account for less than one percent of the population, they cannot cope with the large population base of China. In particular, even if the base of first-tier users is not as good as Japan's, it is still a large market. And in his view, in the future, mainland China

The development of telecommunications will definitely exceed that of Japan.

After all, no matter how developed Japan's economy is, its land area and population base will always be the biggest problems that constrain it. But the mainland does not have this problem. The future will definitely be a vast market, and he has no problem with occupying a niche in advance.

However, compared with the demand for foreign investment in other aspects, the government obviously does not pay much attention to the telecommunications industry. Therefore, investing in the mainland telecommunications industry at this time will not get very good policy preferences and benefits.

"As long as it is foreign investment, basically there won't be much of a problem. As for investment implementation and technology implementation, there will be other inland companies that can connect with you without any problem."

"I'm different on this point." Son Zhengyi smiled.

He naturally understood what Yang Dongxu meant. Now, as long as foreign exchange is invested in any mainland, it is extremely welcome. What he struggled with before was that if the funds he invested were implemented in special projects, the government would be a bit repulsive if they didn't like the project.

.

But he forgot that as long as the foreign exchange funds he invested can enter the mainland government's account, he can get the treatment that foreign investors deserve. As for whether the investment project is liked by the local government, it doesn't seem to be too important. Now there are local companies doing it.

If you connect it, there will be no problem.