Reinventing the Millennium

The divestiture of APEX's business is an important step in supporting the head of Changhong.

Because this company also sells various color TV products from Changhong.

As for the money that should be returned to Changhong, Fang Zhuo is not going to try hard. The assets of the two companies under Mr. Ji's name and the listed companies on the Xiangjiang Growth Enterprise Market have become litigation-ridden garbage. APEX company is notorious in the industry, except for other things. It is difficult for the head of Changhong who plans to find other suppliers.

Even Mr. Ji himself sold his property and kept changing apartments to rent not only to avoid Mr. Ni, but also to avoid other creditors.

I'm afraid Changhong's money will never be recovered even if it's pursued.

Now, the best way for Changhong to stop losses overseas is to continue selling its products through Wal-Mart's channels. Even if it is lower than the cost price, it is better than getting nothing at all.

Of course, with Fang Zhuo's reputation and net worth, he could set up a brand new company to connect with Changhong and become an overseas partner, but he still felt that it would be better to cover and solve the problem based on the original level.

There is also a very important factor that Lao Ni, who has returned to China, has not yet reached the last step of his life.

If Fang Zhuo wants to be a white knight, he must let everyone know at the most critical moment that this old entrepreneur is supported by himself and his goals are not big, as long as Lao Ni can persist in Changhong for two or three years.

Regarding this, he is quite confident.

On January 17, Yike's stock price basically fluctuated around US$24, slightly lower than the issue price, but even so, Yike's market value stabilized at around US$6.7 billion, far exceeding all currently listed Internet companies in China, almost The combined market value of the three portal websites Sina, NetEase, and Sohu.

Under this circumstance, Xiong Xiaoge, the president of IDG China, came to Fang Zhuo to say goodbye and prepare to return to China.

He called in advance and made an appointment to come to the Mandarin Oriental Hotel.

As soon as he entered the suite, Xiong Xiaoge heard hearty laughter in the living room, and soon saw Fang Zhuo and lawyer Martin.

"Hello Mr. Xiong, have you eaten? I have to rush back for a work lunch."

When Martin saw Xiong Xiaoge coming, he said hello and left.

"Mr. Fang, this Martin is really funny." Xiong Xiaoge waited until Fang Zhuo came back from sending the lawyer out and asked, "What were we talking about just now? You are smiling so happily."

Fang Zhuo waved his hand and said, "Martin is indeed interesting. Oh yes, he will become my personal lawyer now."

He peeled an orange casually: "He was chatting with me just now, talking about a person he had sued before. That person not only hoped that the lengthy legal process would protect his fraud, but also relied on the law to protect the rich. Do you think it’s fun to oppress him?”

Xiong Xiaoge thought about the information in these words and replied: "It is normal to use whatever means can protect personal interests. Such people do not believe in the fairness of the law, they just use it as a tool."

Fang Zhuo nodded: "Qingshi, Martin also said that that person wanted to use media exposure to shake the stock price of listed companies. What do you think Martin told that person?"

Xiong Xiaoge guessed: "If you have money, you can do whatever you want?"

"Martin said, you believe in the media, but I believe in the media more than you do." Fang Zhuo smiled.

Xiong Xiaoge nodded and suddenly asked: "What kind of conflict does that person have? What has he exposed to the media?"

"Fighting? Watching the fight?" Fang Zhuo shook his head, "Martin didn't go into details, it was just chatting. It's not a big deal anyway."

Xiong Xiaoge wondered: "Exposing a fight between rich people to the media to shake the company's stock price? This is too naive. This is New York."

Fang Zhuo shrugged: "Who says it's not? This is a paradise for rich people."

"I remembered the TV series "Beijing in New York" that I had watched before, and now that I think about it, I watched it almost ten years ago." Xiong Xiaoge said with emotion, "If you love someone, send him to New York. Because it’s heaven, and vice versa, because New York is hell.”

"I've heard of this line, it's quite famous, but I've never seen it." Fang Zhuo nodded.

Xiong Xiaoge saw that Mr. Fang had finished eating the oranges and asked with a smile: "By the way, the rich man you are talking about is not you, right? What are you doing again?"

Fang Zhuo shook his head: "I worry about the company's market value every day, and with this kind of leisurely attitude, the fluctuations in market value almost annoy me to death."

Xiong Xiaoge also thought this was the case, and comforted: "The company's market value is just a number, you just... wait!"

He remembered what he was doing here.

"Mr. Fang, are you secretly communicating with IDG about the music?"

Fang Zhuo frowned when he heard this description: "What do you mean?"

"I heard that the relevant institutions affected by IDG seem to have some unusual news." Xiong Xiaoge said what he heard about the trend.

Fang Zhuo said unceremoniously: "Okay, Old Xiong, why are you here today to punish me? I haven't said that you organizations are causing trouble, so why are you trying to make something out of nothing? You are a senior executive of IDG. , you come to ask me? If you want to know anything, just ask Francis."

Xiong Xiaoge was speechless.

In fact, he just heard some uncertain gossip, but he couldn't ask the person involved there.

Institutions have a lot of responsibility for the unstable market value of Yike. There are many factors involved in cutting leeks in the stock market, and it does not entirely lie with the company. The securities laws in the United States have repeatedly emphasized transparency. In fact, opaque information transmission can produce There are too many benefits.

It seems that several institutions such as Deutsche Bank and IDG have made money, and many institutions that have taken advantage of the situation but have nothing to do with the president or vice president have done nothing less.

Fang Zhuo raised his eyebrows and became angrier as he spoke. He stood up and scolded: "How much money did your family make in these two waves?! Just a casual estimate, at least 200 million US dollars in profits were harvested lightly, right? Whose hand is it? Is it in my hand?"

"You actually came to question me? That's ridiculous!"

"The ones who came to my company last time and asked me to release good news are even more ridiculous!"

Yike's stock price reached a maximum of 41 US dollars. Not counting the post-market price, the lowest price manipulated was 28 US dollars.

Several large institutions and the small and medium-sized institutions they influence hold at least millions of shares. The profits generated by this wave of harvesting are tens of millions of dollars. The profits from the two waves far exceed the underwriting fees paid for a company's listing.

The basis for such harvesting is that Yike's performance and imagination do exist, so there are short-term market value fluctuations.

That money is nothing to a big investment bank like Goldman Sachs, but it is not a general interest when it comes to people.

Xiong Xiaoge was slapped in the face and scolded, and she was speechless.

He was in charge of the investment business. He really didn't expect that Yike's stocks would be used in this way, but then he thought about it. Fang Zhuo had invited these companies himself... He must bear some responsibility for such a situation...

Xiong Xiaoge didn't say anything about sharing the pot, and waited until Mr. Fang's anger subsided before saying, "No matter what, Yike's current market value is pretty good."

Fang Zhuo remained angry: "It could have been better!"

"Mr. Fang, it's almost done, otherwise I would really go ask Francis." Xiong Xiaoge put down the tea cup and said this.

Fang Zhuo refused to accept this temptation and said angrily: "Call and ask, right now, I also want to know what's going on!"

Xiong Xiaoge was suspicious, shook his head slightly and said, "Forget it, it's all my unnecessary curiosity."

Since I met Fang Zhuo, he has often introspected and has doubts about many things. The gossip I heard about the market crash this time is just to confirm. After all, several market-making institutions are not working together. Yike's stock is now considered is in a relatively reasonable and stable range.

$6.7 billion!

This is already a bumper investment that investors are ecstatic about!

"I hope Yike can lead the development of this industry under the leadership of Mr. Fang." Xiong Xiaoge said sincerely, "It is not easy to build an overseas brand."

Fang Zhuo used his magical power and said, "I guess you, old bear, said something human today."

"I have been in New York for more than half a month, and I will go back to China tomorrow." Xiong Xiaoge lit a cigarette, "When will you go back? Are you going to spend the New Year in New York?"

"Of course I went home. Although New York is paradise, my hometown is in the East." Fang Zhuo stood up and cut two cigars. "Smoking is harmful to your health. Smoking this."

Xiong Xiaoge put out the cigarette, took the cigar, and gave a question mark expression: "Are you sure?"

"I'm not sure. I plan to quit. This is the last one." Fang Zhuo sat down and said confidently.

Xiong Xiaoge looked at President Yike with contempt: "Then when will you return to China?"

"It will take a while." Fang Zhuo has not yet determined his itinerary.

Xiong Xiaoge said very understandingly: "You really have a lot to do."

"That's not the case. I'll wait until the Forbes rich list in China is announced before going back." Fang Zhuo said calmly.

Xiong Xiaoge: "..."

As expected of you.

Well, real, respect.

The two of them smoked cigars quietly for a while.

After a long time, Xiong Xiaoge asked quietly: "Is there really hope for ice cores?"

"Just this time when Yike goes public, isn't that enough for you, Xiong Xiaoge, to fully support me?" Fang Zhuo didn't look at the old Xiong, whom he had known for a long time, and there was some false anger in his tone.

Xiong Xiaoge was silent, anger was fake, this truth was very true.

He then replied: "That's enough."

"Okay, after returning to China to celebrate the New Year, the Medical Association will convene a board of directors. I will give the venture capital a redemption mechanism, and you will take the lead." Fang Zhuo looked at the president of IDG China with bright eyes.

Xiong Xiaoge: "...No, my attitude is to fully support you, but you have to give me a buffer. You can't say one sentence is that and the next sentence is this. Moreover, I have to be responsible for IDG."

"Old Xiong." Fang Zhuo put down his cigar, "If you can't do it, come to Yike. Although Yike Investment is small, I can give you full trust."

"I don't believe it." Xiong Xiaoge said simply, "I highly doubt that you can completely trust others."

Fang Zhuo took out his mobile phone and dialed Xiao Yu's number.

Soon, the call came through.

He said: "Xiao Yu, do I completely trust you?"

Yu Hong, the marketing director of Yike, replied easily: "No, what's wrong?"

Xiong Xiaoge almost stopped laughing.

Fang Zhuo said in surprise: "I don't completely trust you? How is that possible! Xiao Yu, it's me, I'm Fang Zhuo, wake up!"

"Can you completely trust others? I can't imagine it." Yu Hong gave a serious summary of what she had known her for so long, "You should only trust yourself."

"Let's have dinner together at noon tomorrow. Hang up." Fang Zhuo ended the call angrily.

Xiong Xiaoge gave a mocking look and then said: "Mr. Fang, why didn't you communicate in advance this time? I thought you were going to sing the double act for me again."

"Go on, I won't send you off. I'll send you out when I return home." Fang Zhuo's mood was waning.

Xiong Xiaoge, hey, with this attitude, if you're out, you're out!

He picked up his mobile phone and left the Mandarin Oriental Hotel with the blessings of China's richest man, preparing to board a flight back to China the next day.

…

The Lunar New Year in 2004 is on February 1st.

After Xiong Xiaoge, president of IDG China, led the team to leave New York, Fang Zhuo also arranged the affairs here and made preparations before returning to China.

On the official side, we will adjust our business strategy and make personnel changes. Whether it is the United States or Europe, we must expand more aggressively. Compared with last year, our goal this year is to at least triple sales.

The private matter is to purchase an NBA team. A financial team was formed on the recommendation of private lawyer Martin, who will seek better funding solutions and negotiate.

Fang Zhuo's Sina and Yike stocks have various financing methods. The financial team also suggested using pledges to obtain funds to purchase the team. However, after many considerations, he decided to sell 2% of Sina shares to fill the capital. part of the funds.

His holdings in Sina are divided into three parts, MIGA Fund, PL Fund, and Yike Investment, and the No. 1 financial product in the MIGA Fund is an investment in Sina.

Fang Zhuo decided to sell 2% to consider further promoting the MIGA fund to attract more asset management customers.

The MIGA Fund's holding cost of Sina is just over 1 US dollar, and now Sina's stock price has stabilized at 50 US dollars. This is an increase of nearly 50 times, and it is a highlight worthy of special mention.

The sale of 2% of the shares will be a fusion promotion of the MIGA fund based on product performance, purchase of NBA teams, and the net worth of the young president. It is necessary to let more middle-class Americans and wealthy people know that there is such a familiar Chinese concept stock. and private equity funds in the U.S. real estate sector.

With such fame and publicity, I believe that MIGA Fund will soon raise customer funds that far exceed 2% of the value of Sina shares, and will better share in the prosperity of the U.S. real estate market.

In addition to U.S. real estate-related stocks, MIGA and PL Fund are also cooperating with Washington Mutual Bank on subprime debt. This bank is the financial institution that accepts pledges of unlisted shares of Yike, so it currently maintains a good relationship.

All things were arranged one by one. After more than half a month of paradoxical changes in market value, the atmosphere on Yike America's side finally faded away. Everyone's focus was on the implementation of the annual plan.

In China, due to the announcement of the 2003 Forbes Rich List, Yike's listing, which has been widely reported, once again attracted widespread attention.

Around this time last year, Fang Zhuo, who was known as the "richest man in Shanghai", made great strides and jumped from ninth to first in the country. He is also the youngest richest person on this list.

Ding Lei ranks second, making the list for the first time, and is also the second youngest richest man.

——No.3 Rong Zhijian.

——No.2 Ding Lei.

——No.1 Fang Zhuo.

A year ago, Fang Zhuo published an open letter from the president within Sina, claiming that "the spring of the Internet is coming."

A year later, some media described the shock this ranking brought to people as "the spring of the Internet has really come":

The spring of the Internet has really come. It first gave wealth to the first person who blew the horn for it. Fangzhuo, who holds the wealth in his hands, is the most outstanding representative of the Internet industry.