My Age of Investment Chapter 1267

Chapter 1267 Be ruthless and even sell yourself

Ignoring the long list of numbers, Xia Jingxing continued to look down.

Facebook, valued at US$60 billion, he holds a total of 35.17% of the shares through his personal and multiple funds under Vision Capital.

Youtube, valued at US$15 billion, with a total of 29.18% held by individuals and funds.

Android, after obtaining Xia Jingxing's latest round of capital increase of 1 billion US dollars, its valuation has increased to 2.5 billion US dollars. Xia Jingxing's total shareholding ratio in the company has also increased from the original 90% to 94%, and the option pool is correspondingly diluted from 10% to 6%.

When Xia Jingxing acquired Android a few years ago, in order to retain the founding team, he promised them that they would not dilute the shares of their entire team until the cumulative capital injection reached hundreds of millions of dollars.

After several years of development, Xia Jingxing has invested in Android for several rounds, and the promise has been fulfilled.

Therefore, after the completion of the latest round of financing, Android's shareholding ratio has changed.

It is worth mentioning that the valuation of Android, Gates once offered 1 billion US dollars to buy, and Xia Jingxing counter-offered 5 billion US dollars.

The reason why Xia Jingxing spoke so loudly was to force Gates to give up the idea of acquiring Android. In fact, Android could not reach a valuation of US$5 billion.

In particular, Android has not yet achieved any revenue, let alone net profit. Even the mobile phone manufacturers equipped with the Android system are only Fuxing and Meizu. Their commercial value has not been fully highlighted, and there is still a long way to go before they become kings. way to go.

Tesla, valued at US$1 billion, Vision Capital holds 45.02% of the shares, 17.78% of the individual shares, and a total of 62.8% of the shares.

Fuxing Industrial Holding Group, after accepting Xia Jingxing's capital injection of up to 10 billion US dollars, the post-investment valuation reached 40 billion US dollars, Xia Jingxing's shareholding ratio increased from 96.85% to 97.64%, and the shareholding ratios of Chen Hong and Huang Hongsheng's families decreased respectively. to 0.58% and 1.78%.

The valuation of Fuxing Industrial Holdings Group last year was only 10 billion US dollars. The reason why it rose to 30 billion US dollars before the investment was mainly because of the huge sales of Fuxing mobile phones.

Fuxing mobile phone achieved more than 50 billion yuan in revenue last year and more than 20 billion yuan in gross profit, so its valuation rose to 25 billion US dollars.

This valuation ratio accounts for more than 60% of the entire group of Fuxing Industry.

Xia Jingxing's idea of developing side by side has completely failed.

In the past, he called on various business groups to work hard to catch up with the consumer electronics business group, but the result not only failed to catch up, but the gap widened.

The current Fuxing mobile phone has completely embarked on the fast track of development, which can be called a thousand miles. The sales volume, revenue and net profit of mobile phones have maintained an annual growth rate of several hundred percent.

And almost all other business groups are still investing in the research and development of new technologies and new products. For the time being, no relatively mature and innovative products have been introduced to the market, so their valuations have risen slowly.

Xia Jingxing pinched his eyebrows, feeling that he should be patient.

The mobile phone business is stepping on the wind and riding the wind.

And other innovative industries such as cloud computing, new energy, artificial intelligence, etc., are still in the initial stage of development, and they need to maintain long-term R&D investment before they can harvest slowly.

The 10 billion US dollars he injected some time ago will also be mainly used for the research and development and pre-market promotion of these innovative industries.

With his current financial resources, it is enough to support the development of multiple business lines.

Whether it is cloud computing or artificial intelligence, the investment in these cutting-edge technologies of the Renaissance industry will not be weaker than that of the world's top technology companies such as Google and Microsoft.

Compared to the United States, China's technological foundation is relatively weak, and it has always been in a state of lack of money, talents, and environment.

In order for China to blossom into a splendid technological flower, changes must be made in many aspects.

The only thing he can change at the moment is money. He can enhance the scientific research strength of Fuxing Industry by increasing investment in research and development, improving the treatment of scientific researchers, cooperating with universities, and digging talents abroad.

When the revival industry develops, it will cultivate countless talents, drive the development of multiple industrial chains, and improve the scientific research environment.

Rejuvenation Industry, as a super complex of "hard technology, industry, industry, industry leader, and cutting-edge technology laboratory", can be said to have placed countless expectations on him.

If the renaissance industry can break the foreign technological monopoly in many fields in the future, it can undoubtedly make up the most important shortcoming for the country, and there is no need to be afraid of threats from others in the game between countries.

This is the new goal and new ideal that he found for himself after he became financially free.

As an ideal person, he did not fall into the confusion of the future, nor lost in the desire for money. Instead, he was gearing up and preparing for a great career with great ambitions!

Although he can predict the difficulties ahead, he will never back down, because a person as good as him should have lived a brilliant life, instead of dying on the bed and bringing money into the grave.

Thinking of this, Xia Jingxing glanced out the window. The bustling Wall Street and Manhattan neighborhoods were all in front of his eyes. He was at an altitude of more than 200 meters, and he could smell the money flowing through the window glass.

But so what?

Although this place is good, it is not my hometown!

Dispelling the thoughts in his mind, Xia Jingxing continued to check the documents in his hand.

Domestic Holding Group, after accepting his $1 billion capital increase, is equivalent to completing the C round of financing. The post-investment valuation has reached $5 billion, and the shareholding ratio of Vision Capital has increased to 70.29%. Facebook's shareholding in the company The proportion dropped to 12.57%.

Since Lixia No. 2 Fund holds 16% (20% before dilution) of domestic holdings, and external LP holds 50% of Lixia No. 2, 8% needs to be subtracted, and his real shareholding ratio in domestic holdings is 62.29%.

He holds 100% of the US$10 billion semiconductor industry investment fund established in Singapore.

In the 100 billion RMB semiconductor industry investment fund established in China, he personally holds 95% of the fund share, and Fuxing Industry holds 2% of the fund share.

Envision Financial Holding Group plans to absorb and merge AIA and East West Bank on the basis of Envision Securities. After the asset integration is completed, the company's valuation will reach about 32 billion US dollars, and its liabilities will exceed 20 billion US dollars.

Hanergy invested US$22.5 million in the acquisition of Lehman Asia, and Xia Jingxing contracted the rest of the investment, which is about US$11.5 billion, including AIA US$10.3 billion, Lehman Asia US$202.5 million, and East West Bank 1 billion US dollars. Dollar.

The matter of East West Bank has basically been negotiated, and it will probably spend 1 billion US dollars to privatize this largest bank serving Chinese and Chinese Americans in the United States.

Therefore, the equity structure of Envision Financial Holding Group has been preliminarily divided, Xia Jingxing holds 99.8% of the shares, and Hanergy Investment holds 0.2% of the shares.

Xia Jingxing's corresponding shareholding value is only over 11 billion US dollars for the time being, because the factor of 20 billion US dollars of loans has to be considered.

Ali Group, valued at US$13 billion, Facebook holds 11%, and Vision Capital holds 33%.

Among these 33% shares, Liqiu No. 2 Fund holds 20%, Xia Jingxing holds 50% of the fund, and 10% after penetration.

In addition to another 13% stake, Xia Jingxing holds a total of 23% of Ari's shares.

Last year, Vision Capital, Jack Ma and Facebook acquired the shares of Ali held by Yahoo.

Xia Jingxing had no cash at the time, so he pledged all the shares of Ahri he held to Goldman Sachs and Da Mo (the writing was omitted, make a patch).

As the valuation of Ali continues to decline, there is a problem of insufficient collateral.

Therefore, Xia Jingxing repaid the US$2.5 billion in loans and interest borrowed from Goldman Sachs and Morgan Stanley some time ago, totaling approximately US$2.6 billion.

This led to the shrinking of Xia Jingxing's personal treasury from $35 billion to $32.4 billion.

After reading Ali's data, Xia Jingxing accelerated his reading speed, and quickly scanned the companies invested by VC funds such as Jingxi, LinkedIn and Gaopeng.

After five or six years of development, the VC funds established by Envision Capital in China and the United States have invested in 112 companies.

The combined valuation of these companies is about $35 billion, and Vision Capital holds an average stake of about 20%, which corresponds to a value of $7 billion.

The real estate fund is 2 billion US dollars, the two newly established VC funds in China and the United States are 2 billion US dollars, and the 3.5 billion RMB securities investment fund managed by Deng Fenghua is all his own funds.

In the end, his assets are mainly divided into three major sectors.

A major sector is the equity assets of eight important companies including Facebook, YouTube, Tesla, Android, Fuxing Industry, Domestic Holdings, Envision Financial Holdings, and Ali, with a combined value of $85.12 billion.

A major sector is Envision Capital's VC funds, real estate funds and mainland securities investment funds, which are all self-owned funds and are worth a combined US$11.5 billion.

The last big sector is cash, with $32.4 billion left.

The assets of the three major sectors add up to a total of 129.02 billion US dollars.

If you take into account the miscellaneous assets such as houses, airplanes, orange film industry, copyright funds, and empty cooking pots, the net worth can reach 130 billion US dollars, which is equal to 3.25 Bill Gates.

It is worth mentioning that this statistical statement does not count the valuation of Vision Capital.

What is the valuation of Vision Capital?

is probably a priceless treasure.

If Envision Capital learns from Blackstone, it is more than enough to take the company to the market, securitize its earning power, and mix it with a market value of tens of billions or even hundreds of billions of dollars.

But Xia Jingxing obviously wouldn't do that.

First of all, listed companies need to disclose a lot of information to the public, which is not conducive to Envision Capital's secret work.

Secondly, listing requires a shareholding restructuring, changing Envision Capital from a partnership system to a company system, and the need to release equity to the outside world. Wouldn't it be a part-time job for shareholders?

Finally, the most profitable and core asset of Vision Capital is him.

Securitize your own assets and sell them for hundreds of billions of dollars?

Fire sale! This is definitely a bargain!

He earned a fortune of $130 billion in seven years!

In the next ten years, he can create a second and third $130 billion.

So, it can be quickly concluded that it is not cost-effective to sell yourself now.

By 2020, all the foresight has been gradually lost. Xia Jingxing felt that he could put Vision Capital on the capital market. By the way, he could sell himself at a good price and make a perfect cash out.

As a qualified capitalist, you must be ruthless and even sell yourself!

I have to read too much data in the front. I wrote this chapter for five or six hours, and the update is a bit late, everyone forgive me.

I'll see who guesses right, hee hee

(end of this chapter)

Chapter end

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