Rebirth of the Age of Wealth

Chapter 524 Starting from the actual situation

Zhang Dongshuo was ordered to send several people from McKinsey Consulting Company out of the company and shook hands with them warmly to say goodbye. Zhang Dongshuo still admires these consultants. They are professional and dedicated. Using them will always have unexpected results, and they can always come up with something that makes you feel that the money is worth it.

The question of value for money.

Of course, this is just his idea. Zhang Dongshuo doesn't know whether it is Li Weidong's, and he doesn't dare to guess. The boss's ideas are becoming more and more profound and difficult to guess.

Zhang Dongshuo returned upstairs and found that Li Weidong was no longer in the conference room where the meeting had just been held, and secretly cursed himself for being stupid.

Although this office building is not small, there are as many as five to six hundred people working in it, and the average area per person is only a few square meters, which is not very generous.

Li Weidong has no intention of joining in the fun, let alone occupying this precious resource, so there is no office for him here.

Even if I come here once in a while, I just have a meeting in the conference room, sit in the offices of several vice presidents, chat for a few words and then leave.

And Li Weidong doesn't like it here either. He always feels like he's being watched. After all, this is not his territory.

He wanted to buy it and make it his own property, but the process failed in the end.

I don’t know which leader said it. Although I don’t know why Li Weidong bought this building, I can be sure that he has a good vision. This place will definitely be more valuable in the future and cannot be sold!

This is also the first time that Li Weidong feels that things are not so easy to handle now that he is famous.

Think about it this way, if the world's richest man takes a fancy to your house, what price will you ask? If you sell a second-hand house for one million, selling it to the world's richest man, asking for two million would be considered a mercy.

What’s the point of this? I think people don’t care if they have money!

Even if they really offer two million, you will still feel that the sale is cheap, and you will definitely think in your heart that if they are willing to pay so much, you will definitely earn more.

I guess this leader also had this idea, but this confused leader actually did a good thing. The money from selling the office building will probably be gone in a few months, but the office building will only appreciate in value in the future if it is here.

Zhang Dongshuo went directly to Xu Dehai's office without hesitation, and saw Li Weidong sitting in Xu Dehai's seat, leaning on the backrest, holding a teacup in his hand, and looking at the work progress plan board in front of him.

Xu Dehai and Zou Yi sat respectfully on the chairs opposite Li Weidong, looking like they were reporting on their work. This situation was not common for Li Weidong.

Li Weidong rarely communicates with his subordinates about work like this. He is usually more easy-going and willing to sit on the sofa and discuss communication issues with his subordinates on an equal footing. This kind of Li Weidong will appear to be a polite and virtuous corporal.

Zhang Dongshuo didn't know whether to go in or not, so he hesitated and walked in. He should report after completing what his boss told him to do, and according to Li Weidong's request, company reform was also one of his tasks.

Li Weidong just glanced at Zhang Dongshuo, and then asked Xu Dehai: "The current work progress is quite different from the previous plan. What is the reason? Wait for their report?"

Xu Dehai quickly denied: "No, no!"

Xu Dehai's denial did not make Li Weidong stop, but continued: "I said that the suggestions of these consulting companies are only for reference. They found problems. As for how to solve the problems, the main force is ourselves!"

Xu Dehai suddenly became serious towards Li Weidong and was a little uncomfortable, but he still said: "Yes, yes!"

Li Weidong is very concerned about this work. According to his original plan, it was to be completed by the middle of the year. Now it has entered April and has been working on it for more than two months, and there is still no basic framework.

The progress of the process on the wall has not made much progress. It is obvious that the work has encountered resistance, but Li Weidong's plan cannot be changed, so some pressure must be put on them.

After Li Weidong finished exerting pressure, he paused and asked: "Tell me, what is the main difficulty now?"

Xu Dehai looked a little embarrassed when he was criticized like this by Li Weidong, but he was responsible for his job, and in general, Li Weidong was really good to them.

Xu Dehai said: "At present, our main work is to conduct a thorough review of all companies. This work has been basically completed. The difficulty and focus of the next work is still human issues!"

“In order to allow each business division to operate smoothly, we plan to set up corresponding preparatory groups before they are officially established, but the members of the preparatory groups are a big problem!”

"Also, when we establish the scope of jurisdiction for this business, which level of company should it be governed, or should it be governed by all subsidiaries or subsidiary companies? How should we manage it?"

These problems boil down to the issue of people and rights, which is the most critical issue and cannot be dealt with except by Li Weidong. Xu Dehai obviously does not have the ability to allocate this, so now he can only hand over the issue of bachelors.

Although Li Weidong mentioned these issues before, he did not clearly explain them. Xu Dehai and others did not dare to speculate on such matters. This is human nature and has nothing to do with responsibility. The responsibility lies with him.

Of course, Li Weidong approved and was very satisfied with the preparatory group set up by Xu Dehai and others. They could attack when advancing and defend when retreating.

First exist as a member of the preparatory team. If it is suitable, he will be directly promoted to the head of the business department. If not suitable, it will naturally disappear with the disappearance of the preparatory team.

If you are directly appointed and later find out that it is not suitable, it will be a big trouble, which will not be a good thing for the company or the individual.

Li Weidong pondered for a moment and said softly: "I am responsible for this matter, let me make it clear now!"

As soon as Li Weidong finished speaking, Xu Dehai and Zou Yi immediately took out their notebooks to prepare notes. The boss's requirements must be written down word for word, and then they should be carefully considered and implemented.

"The candidates are recommended by you. If there are suitable candidates within the group, they will be selected from within the group. If there are no suitable candidates, we will recruit from the public!"

"The work of the business department is mainly business guidance, supervision and assessment. In theory, it is an assistant to the executive committee in the work, and even acts as a military advisor!"

"So when recruiting, you must have strict requirements. You must be cautious in selecting candidates. They must have upright character, a strong sense of professionalism, a sense of responsibility, and no violation of laws and disciplines. These basic things must be met!"

"You also need to have rich interpersonal skills, be familiar with the management of business divisions, and at best have senior management experience in these industries, with professional knowledge and practical experience, and oh, you also need to have relevant knowledge of laws and regulations!"

"Last point, it is best to have a good relationship with the competent authorities of relevant domestic industries. Although this is a bit harsh, it is very important, especially in China!"

Everything else Li Weidong said is false. The last thing he wants to say the most is actually the last one. This one has Chinese characteristics and is a necessary skill for doing business in China.

Seventy years ago, our ancestors proved that if you don’t understand the actual situation in China and don’t start from the actual situation in the country, everything you do will be nonsense and will end up being nonsense.

Xu Dehai drew various wavy lines under this line in his notebook, and Zou Yi also drew a circle on this line with a pen.

"As for the scope of responsibilities of the business department, it does not need to be strictly limited to direct holding or indirect holding. It must be based on the size of the company or whether it meets the company's strategic development needs!"

"The same applies to companies that have equity participation. If it is not strategically important, such a company can exit slowly. If it is in line with the company's strategy, it should increase its equity until it reaches the need for controlling shares!"

"Let Lao Zheng pay more attention to this matter. Many of the companies he invested in in the early stage are not profitable yet and are not in line with emerging industries. Just clear them out!"

The two of them made various marks on this line. A lot of things will definitely go wrong in this matter. I don’t know how many companies have problems, but it must be Zheng Sijing.

"By the way, didn't Lao Zheng say he was coming over today? When will he arrive?" Li Weidong asked suddenly when he mentioned Zheng Sijing.

Zheng Sijing held a meeting in Beijing, the "International Seminar on Venture Capital and the Internet," which concluded successfully last night. Whether the seminar was a success or not, only those who attended the meeting probably know.

The seminar lasted for two days. Jingwei Investment was the organizer, and Zheng Sijing had to be present throughout the entire process. In order to show their broad mind (accurate control of the situation) towards their domestic and foreign counterparts, Zheng Sijing personally served as the host of the seminar and gave a keynote speech.

Zheng Sijing has been engaged in venture capital business in China for a long time. He is very proficient in this field and has quick thinking. He also has the experience of hosting such conferences. Controlling the market is easy for him.

Therefore, throughout the entire conference, Zheng Sijing's limelight was unparalleled. Major media outlets rushed to report on it, and several major portals even broadcast live text and pictures of his speech.

However, the climax of the meeting was when Peking Capital took advantage of this meeting to announce its entry into the domestic market, and Zou Yi came to the mainland just for this purpose.

Jingwei Investment was the organizer. Even though Zheng Sijing knew that Peking Capital was coming to China to compete with them, he had to arrange a prime time for Fu Xiaomin, the representative of Peking Capital, to speak. Who asked the boss to ask for this?

And in fact, Zheng Sijing did much more than that. The day before the seminar, Zheng Sijing had already brought several people from Peking University Capital to meet with influential high-level officials in the domestic venture capital industry.

It was regarded as a warm-up for Peking Capital's performance, which surprised some people who didn't know the truth. They were still human beings when they could treat their future competitors so generously!

Fu Xiaomin's speech was carefully prepared to make her debut in China stunning. However, no matter how good the speech was, it seemed to be no surprise to the guests attending the conference. It's easy to say that everyone can do it!

Fu Xiaomin is a woman who looks weak and weak, but when the company's goals are told from this weak woman's mouth, everyone below is shocked.

Fu Xiaomin finally said: "The company's research has determined that in the next three years, the investment scale of Peking Capital in high-tech enterprises such as the Internet in mainland China will be no less than US$2 billion!"

This sentence suddenly put the pop-up news on various websites at Peking Capital. At this moment, as long as the computer connected to the Internet has opened the major portal websites, it can receive the pop-up window of this news.

And the people at the scene were already going crazy. After all, many of the people who came to this meeting came with projects. This was their opportunity. Can these dollars not make people excited?

This even discourages many international venture capital companies that want to set foot in China. Facing such funds, the market will be very competitive, and it may be difficult to find bargains.

At the end of the seminar that day, Fu Xiaomin was surrounded by these entrepreneurs, who wanted to introduce their projects. In their view, the two billion US dollars was a big cake, and they all wanted to come and get a piece of it.

This straight-to-the-point approach by Peking Capital has completely made itself famous. You don’t need to think about it to know that this is the headline of all major official media.

Zou Yi returned to Qizhou after Fu Xiaomin's speech. After all, judging from Fu Xiaomin's enthusiasm after his speech, it was only a matter of time before Fengxing Capital established a foothold in the country, and there was no need for her to continue to sit in the capital.

Zou Yi glanced at his watch and said, "Mr. Zheng and Xiaomin's plane should have landed, and the company has arranged for someone to pick them up!"

Li Weidong nodded and said: "When he comes, tell him about this. Didn't they have a lively discussion on "capital appearance" at the seminar? Let's start with him!"

Generally speaking, venture capital has a "three successes and seven failures", that is, almost 30% success, but 70% failure does not mean it is worthless.

Especially those state-owned enterprises or collective companies that Li Weidong invested in before. Although these companies have no development potential and no ability to make profits, they still have the title of state-owned enterprises or collective companies.

Being unprofitable does not mean that there are no assets. For example, the land under the company would be more valuable if it was located in an urban area.

This is also the purpose for many companies to survive, just waiting for the land to be spotted by developers, and then get a share of the land transfer payment, so as to earn a pension fund.

But in China's environment, employees will definitely not be treated badly, but it is hard to say whether the company's shareholders can get this part of the money. After all, many companies' land sources are allocated free of charge, and they still want compensation. What a dream?

For such a company, according to Li Weidong's idea, he would either acquire it wholly and completely change the nature of the land into the company's assets, or simply not take advantage of it, make trouble and quit directly.

In fact, in China, exit channels for venture capital have always been a big problem. After all, going public is very difficult. If there is no profit, it is impossible to go public.

According to Li Weidong's memory in his previous life, the "second board market" that is now very popular is a protracted and repeated thing.

The voice is very high now, and there are even rumors that it will be established soon. After all, similar "GEMs" have been established in the surrounding areas, and they look pretty good.

When China made up its mind and wanted to do it, it even stopped the issuance of new shares on the Shenzhen Stock Exchange. As a result, it happened to encounter the Nasdaq crash.

The world's largest "GEM" collapsed, and the domestic main board market was also plagued by scandals. The country finally decided to suspend the establishment of China's "GEM".

Just like this, it was not until ten years later that the "GEM" was officially established.

Li Weidong obviously can't wait until that time, and many of the companies he invested in in the early years were at a time when they could make a fortune doing anything they did. That era has passed now.

Those that have succeeded have succeeded, and those that have failed have already had many companies on the verge of losing money, and many have even gone bankrupt.

Li Weidong also wanted to help them get out of trouble, but his strength did not allow it. It is impossible for every company in this society to develop. He always firmly believed that success was a low-probability event.

Letting Zheng Sijing be responsible for this matter is the same as Li Weidong putting him in charge of finding problems and treating diseases for various companies. If the treatment cannot be cured, there will be no need to waste precious medicines.

Seeing that the matter had been resolved, Zou Yi began to report, "Chairman, according to the news received today, all liquidation operations of Pingying Capital in the United States have ended!"

(End of chapter)