Reinventing the Millennium

Fang Zhuo will stay in the capital for a few more days, mainly to wait for feedback from the ministry.

When I met with the leader earlier, he emphasized that time cannot wait for the project and described the investment considerations of international capital. The purpose was to do something special and get benefits quickly to stimulate capital investment.

The leader did not give an accurate answer, but Fang Zhuo received a call from his secretary the day after he had a drinking conversation with Xiong Xiaoge, and heard a tendentious opinion - the department should probably give an answer within a few days. Plan to list ice core as a key project of the Ministry of Education.

In addition, the secretary vaguely said that depending on the development of ice cores in the future, we might be able to apply for higher-level project support.

The state has always supported the development of the semiconductor industry. Whether it is the Huajing and Huahong companies attempted by the "908 Project" and the "909 Project", or the "Tenth Five-Year Plan" special plan for integrated circuits, this comes from the will of the top.

However, Huajing Company failed so much that it was classified as one of the 601 debt-for-equity swap companies, and has now been acquired by China Resources. Huajing Group is also struggling, and its cooperation with Japanese companies increasingly proves that this road is unworkable.

How should we move forward and develop the semiconductor industry? This is not only something that the industry is pondering, but also something that senior leaders have been thinking about.

In the past two years, SMIC established by Zhang Rujing has developed vigorously, which is a positive trend since the strategic planning of related domestic industries.

Now, the senior vice president from SMIC and representatives of the domestic Internet industry are willing to work together to create new projects in Luzhou, and a rough framework has been knitted together, which the leaders are happy to see.

Even if you can try more and make more mistakes, it would be better.

Therefore, based on this main factor, coupled with the good impression Fangzhuo has made on the leadership this year, the Ministry of Industry and Information Technology decided to provide certain support to Bingxin CSMC.

The first thing to do is to give it a name.

This point can be easily determined after discussion and does not take much time. It is the direction of the integrated circuit industry at the administrative level.

Secondly, substantive support including export subsidies will take some time to study.

Fang Zhuo learned about the situation from his secretary and didn't care about things that took time. He just wanted to implement the former quickly, but he couldn't say this and had to wait silently.

Fortunately, there are things to do in the capital.

Fang Zhuo called Ni Runfeng from Changhong and planned to meet to discuss whether there was room for cooperation.

Ni Runfeng said on the phone that he had something to do these two days and arranged the dinner date in three days.

On the one hand, Fang Zhuo asked people from different fields to continue collecting Changhong, Apex, and color TV chip solutions. On the other hand, he went to Sina to inspect the work of President Wang Yan.

Everyone at Sina extended a warm welcome to the chairman.

When Fang Zhuo showed up at Sina headquarters, he immediately saw surprised looks and heard excited greetings.

"President Fang is here, President Fang is here!"

"Look, it's Mr. Fang!"

"President Fang, President Fang, when will Sina move to Shanghai?"

Distance creates beauty.

Although Sina proposed KPI for the first time, the subsequent implementation was not done by the chairman. Instead, it was Fang Zhuo who increased the salary and bonus.

When a chairman like him can bring Sina's stock price to the sky, everyone is filled with joy for him. Perhaps because of his age, many employees speak quite boldly.

Fang Zhuo greeted him cheerfully, and even chatted with his familiar subordinate who worked on Sina hotline before finally walking into the chairman's office.

Sina President Wang Yan is already waiting.

"Welcome to the chairman to inspect the work." Wang Yan said solemnly.

Fang Zhuo laughed: "Brother Wang, even if you are pretending, you won't be standing in front of the desk like this, right?"

"Welcome, I'm afraid I might accidentally offend the richest man in Shanghai and make him sell all his Sina stocks." Wang Yan was half-joking.

At present, all the stocks held by Fang Zhuo have passed the lock-up period. As long as he wants to sell them, according to Sina's current stock price, it will immediately become another Buffett-style investment operation.

I had seen media reports that Mr. Fang was selling NetEase and Sohu stocks. Even though Wang Yan believed that Sina stocks were relatively safe, Mr. Fang couldn't bear it now and wanted to make another big investment.

The tens of billions of investments in semiconductors are surprising and curious to others, but a bit worrying to Sina's management. If the chairman sells shares, Sina will immediately fall into shock.

As for Wang Yan personally, ever since he took over as president, he has been completely grateful for his decision to side with Mr. Fang.

Fang Zhuo heard something in Wang Yan's words and said with a smile: "I won't sell Sina shares for quite a long time. Don't worry about that. The ice core I want to make must also involve international capital."

Wang Yan breathed a sigh of relief and said seriously: "Sina must continue to move forward under the leadership of Mr. Fang."

This may sound a bit flattering, but judging from the company's actual development, it's not bad at all. Without Fang Zhuo, Sina would immediately have to fight for control again, and the company's current strategic development was also determined by Fang Zhuo.

Fang Zhuo laughed loudly and said modestly: "We can only move forward if we all work together. Today I came here to listen to three pieces of content, Sina's media strategy, wireless value-added market, and game introduction department."

Wang Yan nodded and explained Sina's situation.

As of today, Sina's share price is US$52.30, while NetEase, another company in the industry, has surpassed its share price in an astonishing manner recently and has climbed to US$54.74.

Sohu is more than a step behind, now only $37.

What supports Sina's current stock price is the growth in clicks and the dividends from the wireless value-added market. Sohu is similar in this regard, but NetEase's soaring rise with "Westward Journey 2" is too enviable.

"The wireless value-added market has brought about almost the same imagination." Fang Zhuo commented while reading the report, "There is definitely growth in this market, but now the stock price is a little too enthusiastic. If I were an institution, I could consider leaving the market. .”

Wang Yan thought to himself, Mr. Fang is an organization, and MIGA Fund still has a seat on the board of directors...

"NetEase's games still have room for imagination, and they are really good." Fang Zhuo continued, "This kind of business has a direct stimulus to the stock price, and Ding Lei is very powerful."

Wang Yan sighed: "No one expected that "Westward Journey 2" would be so popular!"

"What about exposure to Blizzard?" Fang Zhuo asked.

"We contacted Blizzard. They have a game that has not been completed yet, and they currently have no plans to sell the agency rights." Wang Yan said cautiously, "The game department made an evaluation based on the information given by the other party and felt that it is not suitable for domestic use." Very accepting of that style of game.”

Fang Zhuo said noncommittally: "It's not urgent to contact other manufacturers."

Wang Yan thinks this is what it should be. Considering the stock price, it is obviously too late for Sina to develop its own games now, and it is difficult to compare with the NetEase team. It is better to introduce excellent foreign games.

He continued to report on Sina's work, but also mentioned some lingering considerations, especially email.

…

While Sina's chairman and president were discussing the company's development, news about the Ministry of Industry and Information Technology's plan to make ice cores a key project spread in a small area from different channels.

Xu Xiaoping, vice president of New Oriental, was attending a meeting of the education department in Beijing and overheard people talking about the recent tens of billions of investments. He said that this project would be listed as a key project of the ministry and commission, and it would develop well in the future.

Xu Xiaoping is the vice president and director of New Oriental Education Technology Group. He has been in the education industry for seven years, but he is also interested in investment privately.

When I heard such news this time, my heart was moved. When I confirmed the source of the news after the meeting, I felt even more itchy.

Xu Xiaoping went home at night and collected some information about the ice core project. He studied it repeatedly. Then he looked through the address book on his phone, looking for reliable friends to give reference opinions.

Finally, Xu Xiaoping called Shen Nanpeng, chairman of Ctrip.com.

He saw Deutsche Bank, an international investment bank, in the information about ice cores. He also knew that Shen Nanpeng worked at Deutsche Bank from 1996 to 1999 as the director of China Capital Markets, so he wanted to find out the authenticity of the information. .

Shen Nanpeng was surprised to receive a call from Xu Xiaoping, and even more surprised after understanding his intentions. However, he did not refuse to help. He contacted his old colleagues at Deutsche Bank and learned that Deutsche Bank was optimistic about the ice core project.

"Mr. Xu, Deutsche Bank should be investing in this project. Why are you suddenly paying attention to semiconductors?" Shen Nanpeng gave the information in the call back and asked Xu Xiaoping's motives.

Xu Xiaoping didn't hide anything and told him about the key project news he learned.

Shen Nanpeng was surprised: "I heard that SMIC is about to go public. The semiconductor industry is indeed likely to gain momentum. Bingxin wants to capitalize on this shareholder momentum."

Xu Xiaoping said seriously: "I think Fang Zhuo is a very powerful person and is very good at doing projects. I plan to invest in some projects to try. I asked someone for his number just now. I will give him a call later and make an appointment for a dinner."

Shen Nanpeng thought about it and was quite interested: "Mr. Xu, if you make an agreement with Fang Zhuo, you can count me in."

Xu Xiaoping said confidently: "Okay, I heard that Fang Zhuo is a very kind person."

An educator and a traveler ended the call. Both of them had some amateur interest in investment.

Xu Xiaoping read the ice core information again, then organized a conversation and dialed Fang Zhuo's number.

Soon, the call was connected.

Fang Zhuo received the unfamiliar number in the hotel suite. After the call was connected, he heard the other party's self-introduction and knew the intention. It felt quite... ridiculous.

It's not that he doesn't know Xu Xiaoping, the question is, isn't he still engaged in education at New Oriental? Have you not yet embarked on the path of angel investors?

"Mr. Xu, you may not know much about the semiconductor industry. You are in the education industry, and there is a lot of overlap between the two sides." Fang Zhuo said tactfully.

Xu Xiaoping said enthusiastically: "Although we have never met, I believe in Mr. Fang's ability! Isn't Mr. Fang also engaged in semiconductors across industries?"

Fang Zhuo didn't know whether to laugh or cry. This was even delivered to his door. It would be great if Old Xiong could be as straightforward as Xu Xiaoping.

He declined again and said: "Mr. Xu, you have never even met me. I deserve this kind of trust."

Xu Xiaoping insisted: "Mr. Fang, I heard that you are in the capital. Whenever you have time, let's go out for a meal and meet. Don't we know each other now? I believe you."

Euphemisms come and go, but this guy still wants to invest money.

Fang Zhuo had no choice but to tell the truth: "Mr. Xu, you work for New Oriental, right? Is this your first time investing?"

"Yes, Mr. Fang, but I have studied investment for a long time. Buffett said that investing is investing in people." Xu Xiaoping was very interested.

"Not everything Buffett said is right, it depends on the situation." Fang Zhuo said calmly, "Actually, Mr. Xu, with all due respect, I don't recommend that a person with your wealth directly invests."

"I can tell you responsibly that it is not easy for you to bear investment risks."

"New Oriental has not been listed yet? In the current situation, it is best for you to make the first pot of gold in your job as soon as possible."

"Mr. Xu, do you understand?"

Fang Zhuo was a bit rude. Underage investors should not come in front of him.

Xu Xiaoping was stunned. He didn’t even want investment coming to his door?

He was silent for a while and then asked: "Mr. Fang, do you think you don't have enough money?"

"Mr. Xu, five million Huaxia coins... is indeed a bit small." Fang Zhuo said helplessly, "Since you said you want to invest, you should also understand the scale of the ice core project..."

"No matter how small a mosquito is, it's still meat." Xu Xiaoping thought so.

"Later, Mr. Xu, there will be opportunities in the future." Fang Zhuo still refused.

Xu Xiaoping ended the call in frustration.

Fang Zhuo didn't pay much attention to this matter, he just thought it was a bit funny and bizarre.

Unexpectedly, he received a call from Xiong Xiaoge the next afternoon.

"What kind of ecstasy did you give Xu Xiaoping?"

"I received a call from this guy last night for the first time. Old Xiong, do you know him too?" Fang Zhuo was surprised.

"We considered investing in New Oriental before, but the investment failed later, and we are both in Beijing. Isn't it normal for us to know each other?" Xiong Xiaoge asked, "He called me at noon and said that we would use IDG to invest in ice cores together. I met Shen Nanpeng, the CEO of Ctrip.”

Fang Zhuo asked: "How much to invest?"

"The two of them invested US$3 million together." Xiong Xiaoge replied.

"Old Xiong, look at it. People have better vision in education and tourism than you. I don't know what's going on. If you are willing to take over, take over." Fang Zhuo said nonchalantly, "Anyway, I'm here to watch. IDG.”

Xiong Xiaoge was confused. Wasn't it Fang Zhuo who gave people ecstasy? Now even outsiders want to come and get involved?

He thought again and again and said: "That's okay, 3 million US dollars in the name of our IDG. I think Xu Xiaoping is quite persistent and stubborn. There may be some additional judgment information. In this case, let President Fangda use a Ten billion projects bring people into the industry.”

Fang Zhuo originally agreed, but when he heard this, he said, "Hey, Old Xiong, I don't like hearing what you say. Why are you so arrogant? This has nothing to do with me. Whether you lead people into the industry or not is up to you IDG."

Xiong Xiaoge said with a sigh: "Okay, this time I will take these two people who are engaged in education and tourism to experience Mr. Fang's project, and teach them the first lesson - investment is risky, and you need to be cautious when entering the industry."

"You're not good at investing. You're number one in yin and yang, old bear. If you want to lose people's money, just wait for gasoline to be poured on you." Fang Zhuo mocked.

"At that time, we will have to ask Mr. Fang for his experience in hiding gasoline." Xiong Xiaoge said lightly.

Fang Zhuo Ran, okay, okay, come, come, come, come, come, come, insist on investing money, what else can you do?