Reborn Entrepreneurial Giant

The private equity investment cycle is generally 3 to 5 years, and it can even be as long as 10 years. Qu Li’s capital in Xiangjiang Investment was initially 150 million US dollars through mortgage loans, and he earned 600 million US dollars when he was long international crude oil, a total of 750 million US dollars. .

Among them, 60 million was bought short-term options on crude oil and transferred to the Vision Fund, another 690 million US dollars was invested in Xiangjiang Company in Xiangjiang, and 500 million Ruanmei coins were invested in domestic companies. Due to compliance issues, these funds will be withdrawn in the short term. Can't come out unless the shares are transferred to others.

So how much money does Qu Li still have? $5,000 short options on the three major stock indexes and U.S. stocks, $60 million short options on crude oil, $350 million in yen and euro deposits, and $150 million in loans. Sun Jianhe acquired 15 million shares of Spreadtrum Communications for US$57 million, invested US$10 million in Riot Games, and US$200 million plus leverage to short US stocks (Lehman Brothers, etc.).

3.05 billion soft sister coins in China. In June, BYD added 50 million shares and locked them for 18 months. It took 440 million. When the stock price fell in August, it bought 50 million shares at a price of 8 Hong Kong dollars through a block transaction, which cost 400 million Hong Kong dollars. The sister coin is 350 million soft sister coins but there is no lock-up period. The acquisition of Jumei shares cost 1.17 billion yuan, leaving 600 million yuan after including interest income.

According to the final statistics, Vision has a total of US$5.5 in cash plus US$150 million in debt, and about 600 million soft sister coins, plus US$60 million in international crude oil put options, and US$5,000 in the three major stock indexes and the bearish positions of Liangfang, AIG, and Citigroup. options. Other assets include about 1% of Facebook, 15% of Twitter, 35% of Riot Games, 1.5 million US dollars of investment in Youku, and 15% of Xiangcai Securities.

"Do you want to buy Xiangcai Securities?"

"I have won 20% of the shares of Xiangcai Securities, and the price is 650 million." Sun Jianhe reported to Qu Li that although there was obstruction from Huxiang executives, the panic caused by the financial crisis and the lack of money could not be stopped. Someone is always willing to cash out. "If the Huxiang government is ignored, we can increase our shareholding to 60%."

"Don't provoke them. After all, we need long-term cooperation." Qu Li interrupted Sun Jianhe. A few years ago, the court was short of money. Super rich people like Li Bancheng could dictate their actions in the country, and millionaires could come and go in the city. Now the situation Reversal, the corrupt officials in the cell with tens of millions of assets are considered poor.

"A securities company is a large financial operation platform." Sun Jianhe seemed to hear that Qu Li did not want to acquire Xiangcai Securities.

"I~~" Qu Li wants to find a partner, but he is an Internet high-tech person, and the glory of gathering beauty is not considered a real success. At this time, he switched to finance, what would others think? Hunan Province's obstruction of Qu Li's acquisition of Xiangcai Securities may not be due to concerns about his ability and energy.

"What's the purpose of acquiring Xiangcai?" Qu Li's previous intention to acquire Xiangcai was partly because of Zhang Yiwen's consideration and Jupay's future needs. Now that something happened to Zhang Yiwen, he couldn't grasp it, and things naturally became complicated.

"Forget it, let's continue the acquisition, but after the acquisition, we must insist on digital transformation and wealth management, and I will help..." Qu Li thought that Jumei's third-party sellers now have supply chain finance needs

"Then we can only wait for the matter of Lehman to come to an end..."

"Then just wait, we still have a lot of things to do, and Spreadtrum is also very important."

"The price from Texas Instruments is too high..."

"Then wait a little longer, Lehman goes bankrupt or is acquired, AIG, Citigroup, Liangfang and General Motors, there will always be a result..." Qu Li thought, very sure of this: "Power batteries and nickel-cobalt Lithium has an idea?"

"Power batteries are more difficult. Nickel ore is mainly divided into nickel sulfide and laterite nickel. Nickel sulfide ore is expensive and is mainly distributed in South Africa, Canada and Russia; laterite nickel ore is mainly distributed in Indonesia, Australia and the Philippines..."

"Cobalt mines are mainly distributed in Congo, and 73% of lithium resources are distributed in North and South America. In terms of countries, there are mainly Bolivia, Chile and Argentina, the United States, Australia and China..."

"There is no leading enterprise in nickel mines. There is a company in Zhejiang Province called Huayou Cobalt Industry. Lithium mines include Ganfeng Lithium Industry. A lithium mine company in Australia called Talison has acquired the world's largest Greenbushes lithium concentrate..."

"We are now investing in Huayou Cobalt and Ganfeng Lithium to support their development, and we will cooperate with them after establishing a power battery company to ensure supply..."

"I think that even if the pure electric vehicle industry can develop, it will take more than ten years. We don't need to start the layout so early..." Sun Jianhe thinks that Qu Li's layout of the entire industry chain at this time is too much. In line with investment logic.

"This is the difference in our thinking. You use financial thinking, and I use industrial thinking. Assuming that pure electric vehicles can replace fossil fuel vehicles, is nickel, cobalt and lithium an oil resource in the new era? Is there any strategic value? We invest now , if you fail in the end, how much is the loss, and once you succeed, how much will you gain if you win the bet?" Qu Li was not angry

"I understand, and I will strictly implement it." Sun Jianhe took a deep breath. Is this the general pattern of entrepreneurs?

"The nickel mining industry still needs to find a partner. The development cost of laterite resources in Indonesia is the lowest; for lithium mining, Australia's market environment is better..."

"Australia?" Qu Li remembered that he invested in FMG, the world's fourth largest iron ore company, last year. He bought more than one yuan, and it rose to more than 11 yuan last month. If he was not worried about the depreciation of the Australian dollar, he really wanted to go short. Crude oil prices have collapsed, how can iron ore maintain high prices?

Of course, this is important. As one of the Five Eyes alliances, Australia has learned the strengths of Lafayette: to measure Australia's material resources and to win the favor of the United States. There will be many conflicts in the future. So if you can transport a little resources from Australia back to China, then try to transport as much as possible. Australian capital can flow freely, and it is enough to run away half a year in advance.

"Well, I also found out that there is a university in China that can become the Whampoa Military Academy of the lithium battery industry, and a large number of core teams of battery companies come from this university."

"Tsinghua University or Peking University?"

"No, it's Central South University in Hunan Province. BYD's President Wang graduated from this university. Professor Ouyang Gao, head of the National New Energy Vehicle Special Team..."

"Then what battery companies are there in Hunan Province?"

"...It seems that there is really no..."

Can Hunan Province fail to retain talents, or is there no environment for business growth?

If it is for making money, then investing in Ningde era is the best choice. For example, Pei Hua of Ningbo Lianchuang, their major shareholder, met Lihua who worked in Ningde era when he was studying at China Europe Business School in 2014.

Due to national policy restrictions, Ningde era will change from foreign capital to domestic capital, so Pei Hua has the opportunity to take over 15% of the shares transferred by ATL for 89 million yuan. A few years later, the listed market value of Ningde Times exceeded one trillion yuan, and his shareholding ratio dropped to 7.75%. The market value of this part of the stock was as high as 77.5 billion yuan.

If Qu Li was reborn a few years later, he might have seized this chance of Pei Hua. This is lying down, comrades! In case anyone is reborn, don't forget to participate in the EMBA training, and then take away the opportunity...

It's a pity that the way of doing business is different. Like Samsung Group and BYD, it can only maintain its own competitive advantage by integrating the upstream and downstream industrial chains. Therefore, it is imperative for Qu Li who wants to build a car to have his own power battery company.