rebirth from small pockets

Chapter 577 Goldman Sachs Liu Zhiping

Chen Li met Liu Zhiping at the hotel where he was staying.

As one of the leaders of the Tengxun Empire in his previous life, Liu Zhiping had an almost perfect resume.

Liu Zhiping was born in Yanjing, but his family are actually from Hong Kong.

Liu Zhiping studied very hard. At the age of 25, he already had a bachelor's degree in electrical engineering from the University of Michigan, and later obtained two master's degrees from Stanford University and Northwestern University.

After graduation, Liu Zhiping entered the famous McKinsey consulting firm as a consultant, which was the beginning of his career.

However, McKinsey is just a springboard for Liu Zhiping. After all, this consulting company has thousands of consultants around the world, and Liu Zhiping is naturally not willing to do just one thousandth of this.

It didn't take long for Liu Zhiping to work at the famous Goldman Sachs, and not long after joining Goldman Sachs, he came into contact with a project that almost changed his life.

Guangdong Group Reorganization Project!

Even the famous Goldman Sachs took two years to implement this restructuring project.

People who want to eat alone often end up choking on eating alone. Chen Li really didn't understand this truth before.

For investors, the listing of a company is just a way for investors to cash out and leave the market.

This time, Chen Li didn't deceive Xu Xing because he really couldn't be deceived.

In addition, Tengxun has been developing for a period of time. Although the last commercial operation was considered a bad move, the OICQ valuation at that time must have exceeded the last transaction price of two million US dollars.

You must know that the purchase price of Panda QQ alone reached almost two million U.S. dollars, not counting the full three million U.S. dollars that Chen Li later invested in it.

It's just that Chen Li played a trick at that time. He did agree to Xu Xing's request and gave the other party the first round of financing rights for the new OICQ, which is now Panda QQ.

To put it simply, OICQ had previously reached a cooperation with a domestic communications giant, but after OICQ was sold to Chen Li and became Panda QQ, this cooperation has now encountered changes.

Chen Li's original idea was to pay as much as he should according to industry rules.

Yes~ Chen Li did agree to let the capital behind her qualify to participate in Panda QQ’s first round of financing.

In the past two years, Liu Zhiping has barely had a good rest. Although he was very tired, after the final completion, Liu Zhiping relied on the experience of this restructuring project to have a very deep understanding of the company's management, operation and execution and other processes.

understanding.

You know, at that time, Liu Zhiping had already taken the position of chief operating officer of the telecommunications, media and technology industry group of Goldman Sachs' Asian investment banking department.

But who is Xu Xing? This woman's business acumen is absolutely impeccable. When she saw how much Chen Li cared about OICQ, she instantly understood how much Chen Li valued OICQ.

Faced with a Panda QQ that will not choose to go public, will Xu Xing choose to invest or not?

After all, in Chen Li's opinion, OICQ must be won no matter what.

But if he knows that there is little risk in running a company and the returns are extremely generous, and he even has enough funds to operate it, can he live alone?

In the past, Chen Li thought it was okay, but now, reality has educated him and made him understand that the truth summed up by his predecessors is definitely not just a casual talk.

At that time, Liu Zhiping's annual salary had exceeded tens of millions, which even if converted into US dollars, was more than one million US dollars.

She had been worried that Chen Li's Panda QQ would not raise funds before. The more Chen Li cared about Panda QQ, the more she wanted to invest in Panda QQ.

Although Chen Li has changed his mind, this must be based on fair cooperation.

Moreover, after entering Goldman Sachs, Liu Zhiping also experienced such a complex and very long-lasting restructuring project. This was definitely a rare learning opportunity for Liu Zhiping, who had just graduated with a master's degree.

Speaking of which, Sister Xu's relationship with Chen Li has been very close recently.

Although there is a lot of water in this so-called 10 million investment, the other party did invest a lot of money in it. A conservative estimate is that it must be 4 to 5 million.

So in this way, Xu Xing has spent almost all his time and energy on Panda QQ in the past few months.

However, because it owes Xu Xing a favor and considering the future development of Panda QQ, Panda QQ will still raise funds, maybe even more than one round.

But it was because of this incident that Chen Li deeply realized his limitations.

Of course, when capital invests in a company, it is definitely not based solely on whether the company will be listed on the stock market.

At that time, the total market value of Tencent was only a few hundred million.

The subtext of this sentence is that if you want to invest in Panda QQ, you must first accept that Panda QQ will not be listed. In addition, you must prepare a large amount of funds!

At that time, Chen Li thought that this was a way to share risks. After all, the industry had risks and he still understood the need to be cautious when investing.

Therefore, she went directly to Chen Li and asked for a commitment, which was the opportunity to invest in the new OICQ.

After all, Panda QQ has moved its entirety from Shenzhen to Chengcheng, plus subsequent operating funds, etc., this is not a small sum.

But after Chen Li handed the choice back to Xu Xing, Xu Xing was suddenly stunned.

If it were in the past, Xu Xing would definitely not have thought about this. After all, the chance of any Internet company going forward without financing is basically 0!

If it were Chen Li who went to negotiate, he would most likely be cheated by the other party on the premise that he had sufficient funds.

After Tengxun was successfully listed, Ma Xiaoteng directly invited him to work at Tengxun.

If the company is really good, even if it is not listed, many investors will not even choose to leave the market to cash out.

Of course, Chen Li must be confident that he can solve this matter. If it doesn't work, just ask Ma Xiaoyun and Ma Xiaoteng to brush their faces and probably solve it.

This position is no smaller than the position given by Xiao Ma.

This hesitation does not mean that she is not optimistic about Panda QQ. In fact, the more Chen Li is like this, the more it means that he values ​​Panda QQ.

However, his work ability has been recognized by his boss, and promotion is basically a matter of time.

But Liu Zhiping is different. He really learned a lot from this reorganization project.

But even so, the other party still set the price of OICQ very high at the beginning.

But at this time, a woman found him. This woman was naturally Chen Li's close sister Xu Xing.

So~ Liu Zhiping also hesitated at the time, but after hesitating for a while, he still agreed to Xiao Ma's invitation to join Tengxun.

It's just that as the boss and founder, Xiao Ma is too famous, so Liu Zhiping is relatively low-key.

Although Xu Xing may not have that deep understanding of the Internet, she is still willing to believe in Chen Li's vision.

I just didn't expect Xu Xing to react so quickly. Before Chen Li took action, she had already reacted.

Of course ~ that was Liu Zhiping in his previous life.

It was precisely because of what he learned that when Goldman Sachs later helped Tengxun go public, Ma Xiaoteng fell in love with Liu Zhiping at a glance and had real talents.

Financing is naturally not for the money, but for the development of various industries more quickly and steadily.

In fact, many times, capital investors choose to cash out, mainly because they feel that the company is not optimistic, or that they are not optimistic about the company's upside potential.

At this time, Liu Zhiping was not the COO of the telecommunications, media and technology industry group of Goldman Sachs' Asian investment banking department, and his position was only that of a supervisor.

She helped Chen Li acquire OICQ before, which was a big favor to Chen Li.

And at this time, Chen Li suddenly realized a problem. Even if Panda QQ does not need to worry about funds in the future, this does not mean that Panda QQ does not need financing.

Almost all Internet companies are money-burning machines, and unlike traditional industries where the payment recovery time is fast, the payment recovery time in the Internet industry is often much slower than that in traditional industries.

But after she learned that Mu Xiaoqing, whom Chen Li had previously recruited, was killing people on Nasdaq in Hong Kong with the funds Chen Li had raised, Xu Xing suddenly realized that she had been fooled.

He had always been a bit confused in the past. Although many companies had enough funds to operate, why did they still need to find others to cooperate.

So Chen Li gave Xu Xing the choice of the issue.

Now Lao Zhang is solving this matter, but the problem is that Chen Li has no dealings with the communications giant at all, so they don't care about Chen Li's face at all.

You must know that although Tencent originally sold it to others for 8 million, the 8 million was the price that Xiao Ma and others finally received.

This is actually a relatively difficult choice process for Liu Zhiping.

So~Xu Xing immediately called Chen Li, and asked Chen Li almost in a questioning tone on the phone when Panda QQ planned to launch its first round of financing.

But there is a problem, that is, Panda QQ may not choose to go public in the future.

Perhaps Panda QQ was not valuable before, but when Panda QQ comes to Chen Li, Chen Li will bring the valuation of Panda QQ to a new level even if he spends money on it.

Because the ultimate purpose of listing is actually to obtain a large amount of funds, but the problem is that if Panda QQ does not lack these funds, the effect of listing on Panda QQ will not be that great.

In July 2000, Liu Zhiping had just completed the Guangdong Reorganization Project, and even this project still had some finishing touches that had not yet been completely completed.

Therefore, not only Panda QQ will raise funds in the future, but also other industries under his name are expected to raise funds in the future.

But in this case, Xu Xing needs to make a complete assessment of Panda QQ in all aspects.

Speaking of which, Liu Zhiping is very lucky. Whether he enters McKinsey Consulting as a springboard or enters Goldman Sachs Group, this is a very rare job opportunity for many people.

Because the company is developing well, just paying dividends every year is probably a huge amount of wealth. As for whether it is listed on the stock market, it doesn't matter.

Of course, OICQ had already begun to decline at that time, otherwise the other party would not have thought of quickly finding a buyer for OICQ.

Of course, in fact, Chen Li didn't think so much about it at first. He originally wanted to delay it for a while, and then poach Xu Xing directly after Mu Xiaoqing made a lot of money from Nasdaq.

Because according to Chen Li's explanation, even if Panda QQ carries out its first round of financing, Xu Xing not only has to accept the idea that Panda QQ will not be listed in the future, but also needs to be prepared to spend a large amount of money.

Even in terms of salary and benefits, there is no comparison between the two.

Therefore, choosing to cash out at the right time is actually the best choice for capital.

Hmm~ Xu Xing did think so at the beginning. So she was really not in a hurry at first and just needed to wait for Panda QQ to start its first round of financing.

However, there is a question here: when will Panda QQ conduct its first round of financing?

Because this restructuring project involves more than 100 creditor banks and more than 400 companies, it is said that Liu Zhiping had to work until two or three in the morning almost every day.

It's just that Chen Li didn't pay the price for Xu Xing's help.

But the problem is that although she, Xu Xing, is the boss of Baring Capital's China District, she has always been just a migrant worker.

Although Panda QQ currently has some new projects, it is impossible to turn losses into profits in the short term. Even if it is three million US dollars, it will not last long.

What's more important is that if ordinary people participate in this reorganization project, they will probably only add a feather to their resume.

Of course, the return efficiency of the Internet industry is naturally far higher than that of traditional industries. Otherwise, investors would not be foolish enough to invest in the Internet.

But now Chen Li told her that Panda QQ did not plan to be listed in the future, but she hesitated again.

So Chen Li simply made the matter clear and admitted that his original idea was not to raise funds.

But the question is, what if Panda QQ doesn’t raise funds?

In business negotiations, once you have this understanding, if it is discovered by others during the negotiation process, then Chen Li can only wait to be tricked!

Therefore, at this time, the intervention of Xu Xing, a third party, is the best choice for Chen Li.

That’s the so-called eight million after tax!

Not only that, after acquiring Tengxun, the other party invested another sum of money in the company. According to the other party, the investment exceeded 10 million.

It’s still the same problem, financing. In fact, financing is not just money, but also connections, background, relationships, etc.

After all, Chen Li is not good at negotiating acquisitions with others, and he doesn't even have the talent in this field under his staff.

Of course, this doesn't mean that just anyone can come and take advantage of Chen Li based on his family background.

But when Xu Xing learned that Mu Xiaoqing had made at least hundreds of millions of dollars for Chen Li, she knew clearly that she had been deceived by Chen Li.

I just think that I don’t want to take advantage of others when I have it, but I ignore the saying that sometimes we can make money together. It is definitely not just a simple talk.

But if the company has been performing well, then the capital side is not a fool, and naturally the best choice is to continue to hold shares.

With Liu Zhiping, Tengxun was undoubtedly like giving wings to a tiger. In fact, the reason why Tengxun became the commercial overlord later was that Liu Zhiping was no less important than Tengxun's little brother.

She even went to Chengdu and had to deal with Lao Zhang, the current head of Panda QQ, almost every day in order to learn more about Panda QQ.

In the end, Xu Xing believes that Panda QQ has shown its potential for growth and is definitely a project worth investing in.

After confirming the investment in Panda QQ, Xu Xing contacted Chen Li immediately. After expressing his intention to invest, Xu Xing received another request for help from Chen Li.

Help Panda QQ find a suitable CEO candidate, but she was not asked to decide on this candidate by Xu Xing, but Chen Li directly selected the candidate.

That is. Liu Zhiping of Goldman Sachs!

(End of chapter)