Chapter 390 Deliberate Planning (Two in One)

Hang Lung 23, reminiscing with old friends.

Xiong Xiaoge came to Shanghai this time not only to help handle the affairs of the China Entrepreneur Industrial Investment Foundation, but also to understand the listing progress of Yike.

As Yike hired Derek, the chief financial officer recommended by Goldman Sachs, the company's listing is no longer just a wish, but also requires substantive actions.

Yike's listing location was quickly determined, and Fang Zhuo decided to list it on NASDAQ in the United States without any hesitation. First, because overseas markets have better development, it is difficult for the mainland and Hong Kong to confirm Yike's music payment business; second, It is because it is convenient for Yike to benchmark the stock price of its competitor Apple.

When a company reaches this stage, it must describe what kind of company it is to securities firms, the secondary market, and shareholders.

Obviously, this is easier for Yike. It can directly benchmark Apple's business. This is a shortcut for the company's listing.

Although Apple is not just a music player business, it has received enthusiastic response from the stock market since it announced that the Ipod is compatible with Windows systems and has created a closed-loop music system.

Compared with the US$6 billion before the release of the Ipod, Apple's current market value has stabilized at US$20 billion.

$20 billion.

1600+ billion Chinese coins.

Such a market value gives Yike's institutional shareholders a wonderful space for imagination.

Not to mention matching half of the target, even if it matches 1/3, it will still be 6 billion US dollars.

No matter how bad it is, compared to a target of 1/5, the market value of 4 billion US dollars is still 2.5 Sina.

Market, market, meat, meat.

Xiong Xiaoge listened to Fang Zhuo talking about the listing today, and felt extremely emotional in his heart. He could finally see the return on investment.

However, Fang Zhuo finished roughly explaining the situation of the listing, and finally said it lightly.

"The company will raise money again before going public, this time from Goldman Sachs."

Xiong Xiaoge: "?"

So far, Yike has raised a total of four rounds of financing, including angel round start-up capital, PreA’s targeted follow-up investment for overseas development, the valuation of Series A soaring, and PreB’s introduction of Sony Music.

The first three financings were for financial needs, and the fourth was for the copyright of Sony Music.

Fang Zhuo made it clear in Yike's previous conference call that he would basically not consider the fifth round of financing because Yike has good cash flow and the sales of its products overseas are also very good.

Now, this sudden announcement that Goldman Sachs is taking a stake...

Xiong Xiaoge looked at the young president in confusion and said, "You have to sell your own son for this semiconductor?"

"Mr. Xiong, please pay attention to your words. Goldman Sachs is an internationally renowned investment institution. What do you mean by selling?" Fang Zhuo was very dissatisfied.

Xiong Xiaoge was silent for a while: "Allowing Goldman Sachs to invest in Series B will harm the interests of other shareholders."

"The benefits are huge. If we share a small share, we can tolerate it for a while." Fang Zhuo said nonchalantly, "Other shareholders will understand. It is also a matter of mutual benefit. Yike can have more funds to carry out market operations. layout."

He continued: "If any shareholder is dissatisfied, just come and tell me. If it doesn't work, there is no problem in meeting the shareholders."

Anger was slowly building up in Xiong Xiaoge's heart.

Then, he poked himself and slowly endured it.

The reason why I endured it so quickly is that firstly, Yike was originally a company founded by Fang Zhuo. It cannot develop to this day without this founder, and it will also need him to continue moving forward in the future. Secondly, it is because of Yike's equity distribution.

Fang Zhuo's shareholding jointly and severally held by the option pool is 44.1% + 2.7% = 46.8%. Coupled with Shenxin Kechuang's concerted action agreement, he can do whatever he wants. It's just a matter of dissent at the shareholders' meeting. It's just humiliating yourself.

Xiong Xiaoge has long experienced Fang Zhuo's toughness in ordinary situations. Today, this person is informing rather than discussing.

He sighed and called him by his name: "Fang Zhuo, why don't you just stop telling me and make me feel good for a few days?"

"Don't be so greedy. You investors will die because of greed." Fang Zhuo said with a smile, "Yike is not short of funds, but with cash, we can do more. I think Yike's upside is more than Goldman Sachs thinks it’s more, and it may not make much money.”

Xiong Xiaoge frowned and said, "How did you discuss it with Goldman Sachs?"

He was suddenly stunned: "Wait a minute, you have a relationship and cooperation with Goldman Sachs in this area, and Zhang Hongli from Deutsche Bank has a tacit understanding with you. So when you are here today... did you also negotiate with Connor from DCM?"

Fang Zhuo said calmly: "No, Mr. Connor is a respectable investor. I'm afraid he is still a little hesitant about our project."

Xiong Xiaoge: "..."

There are six companies in total today. Five of these co-authors are from Fang Zhuo? ? ?

Is just one DCM the target? ? ?

There is no need to strictly check who is who, just tie the DCM and have their fingerprints printed!

"It's not what you think. Regardless of Goldman Sachs or Deutsche Bank, they still need to evaluate, but the tendency will be greater." Fang Zhuo comforted, "How could I just play with venture capital so casually? Above."

Xiong Xiaoge looked at Fang Zhuo intently. For the first time, really, for the first time, he felt that Fang Zhuo's understanding in the industry was correct.

There are only wrong names, not wrong nicknames.

What is a VC hunter?

Xiong Xiaoge only smiled at this nickname before, but after watching Fang Zhuo's operation this time, he suddenly felt a sense of grief for Connor of DCM China.

Who knows how Fang Zhuo treated him before!

You don't know the true face of Mount Lu, just because you are in the mountain!

I used to deal with Fang Zhuo head-on, but today I can see what kind of person this guy is from the side!

Xiong Xiaoge murmured, "Fang Zhuo, you... are a bit too much. How did you negotiate with Goldman Sachs?"

"Goldman Sachs is indeed an international investment bank. They don't just focus on one business. In fact, we didn't talk about it in detail. Goldman Sachs just thinks that there are uncontrollable risks in Bingxin's equipment purchase." Fang Zhuo said lightly, "SMIC can buy the most advanced equipment on the market. The Bush administration is relaxing restrictions, but who can guarantee that Bingxin will definitely be able to buy it?"

"I can't say with confidence that Bingxin is a wafer factory that can bypass US policy restrictions."

"Goldman Sachs is willing to help reduce this procurement risk and make it as controllable as possible."

"Some things are difficult for us to do, but they may be easier to do."

Xiong Xiaoge listened to Fang Zhuo's painstaking efforts and asked a question without knowing what to say: "What if Goldman Sachs regrets after entering the B round? What if they don't help buy equipment?"

He knew he was stupid as soon as he asked.

"Goldman Sachs will also be a shareholder of Bingxin. What good will it do for Bingxin if it can't purchase equipment?" Fang Zhuo said, "If Goldman Sachs wants to invest, it will invest in two companies, otherwise it will invest in none."

Xiong Xiaoge listened to these insider actions and felt angry.

He turned this anger into ridicule: "Mr. Fang, what a venture capitalist hunter! Connor doesn't know your reputation!"

Fang Zhuo shook his head repeatedly: "No, no, he has heard of it, but he is very confident."

"I admire Connor's confidence. What hunter or not hunter, just want to dispel rumors and bravely challenge."

Xiong Xiaoge was speechless.

"Let's go, Lao Xiong, I'll treat you to a good meal in the evening, as a welcome, and by the way, you can do me a small favor." Fang Zhuo stood up and finished a day's work.

"Bah, no help!" Xiong Xiaoge saw his peers fall, and he was angry.

"Help me build momentum in public opinion, let your IDG also express investment interest, I want Bingxin's funds to be implemented before SMIC goes public." Fang Zhuo directly stated the request.

Xiong Xiaoge emphasized: "I said I won't help."

"When you leave Shanghai, I'll give you two more bottles of good wine, Maotai aged wine, which I treasure." Fang Zhuo thanked him in advance.

Xiong Xiaoge shook his head: "Ten bottles!"

"You are asking for a bribe..." Fang Zhuo smiled, "No problem, everything is easy to talk about."

Xiong Xiaoge took two steps and suddenly felt shocked: "Wait, you don't think SMIC's listing performance is good?"

Otherwise, why must it be implemented before SMIC's listing!

"I don't know what SMIC's listing will be like. In order to avoid bad things, of course it must be implemented quickly." Fang Zhuo said naturally.

"Twenty bottles." Xiong Xiaoge spit out three words, and added ten more bottles of hush money.

"Okay, my respect for Mr. Xiong is in the wine." Fang Zhuo followed suit.

Xiong Xiaoge's judgment was further verified in this joke. Fang Zhuo really didn't think SMIC's listing performance was good.

He didn't continue to expand on this issue, but began to think about SMIC's situation out of professional instinct.

"Oh, yes, you have other cooperation with Goldman Sachs, but what about Deutsche Bank? How did you talk with Zhang Hongli?" Xiong Xiaoge remembered something again.

"I told you, Zhang Hongli and I hit it off right away." Fang Zhuo said innocently, why is the truth always ignored?

Xiong Xiaoge asked, "How did we hit it off right away?"

"He said he admired my operation on Sina, and we hit it off right away." Fang Zhuo briefly explained.

Xiong Xiaoge held back for a few seconds and commented, "Birds of a feather flock together."

Fang Zhuo smiled but said nothing.

Xiong Xiaoge looked at his expression and suddenly realized that he had scolded himself.

Forget it, maybe this is how venture capitalists perform in front of hunters, always inferior.

Only because they do not fight, no one in the world can fight with them.

Xiong Xiaoge silently recited the Tao Te Ching, and his mentality suddenly calmed down: "You went through so much trouble, painstaking efforts, and deliberate planning this time. Are you really determined to do semiconductors? I always feel that you have the energy to do other things that will produce more results."

"What is a result? People always have to have some challenges, and always have to face the problem of looking forward many years later. At that time, I will definitely not regret looking forward." Fang Zhuo smiled, "I am so deliberate now because I want the people who follow me to not regret it."

Xiong Xiaoge nodded and asked: "I still regret your investment in the registration website. Can you withdraw my shares?"

Fang Zhuo also nodded and replied: "If the people who follow me regret it, it must be his own problem."

Xiong Xiaoge was numb.

This kind of numbness can only be resolved with good wine.

...

At the end of July, Xiong Xiaoge, the president of IDG Huaxia, accidentally revealed IDG's recent investment projects at an industry conference, including the consideration of a wafer foundry project.

The guests asked curiously, and Xiong Xiaoge just chatted briefly.

However, the scale of the project was revealed during this conversation.

Fang Zhuo, a prominent figure in the Internet industry, is going to invest 10 billion to build an advanced semiconductor production line!

Previously, whether it was poaching or investigating cities, it was either limited to a small circle of the industry, or both parties kept a low profile. Only the matter of Huahong's vice president made some noise, but the friction between Fang Zhuo and Huahong was brief, and it was calm.

Xiong Xiaoge's revelation immediately caused public opinion to explode.

Semiconductor industry?

Hundreds of billions of investment? !

What a big deal!

Then there was a wave of doubts. Why did Fang Zhuo enter this industry? It seemed to be far from his previous projects.

Moreover, where did Fang Zhuo get the money to invest?

This is a huge amount of money!

Media interview requests were sent to Yike, but before the reporter could interview the person involved, Fang Zhuo had been followed up by enthusiastic local governments.

What era is it now?

It is an era where everything is based on GDP!

No matter how the 10 billion investment came from, just because of the other party's title as the richest man in Shanghai, contact and invite him first!

Unlike the media's reaction, Fang Zhuo received almost all provincial capitals for investigation.

Of course, several provincial capitals that are too remote, such as Riguang City and Wushi, remain indifferent.

As for the local government, apart from other things, it is no problem to find contact information and middlemen. Fang Zhuo's mobile phone receives calls from unfamiliar numbers every day. In addition to stating their identities, the other party can also talk about acquaintances.

Whether shareholders or executives, even their own parents can be middlemen.

One night when Fang Zhuo got home, he heard his father talking about something after a long pause - "Our hometown is actually in the Northeast. Your grandfather came to Anhui Province to settle down at that time, and has been in Anhui Province ever since."

Fang Zhuo estimated that if this continued, the ancestral graves in the hometown could be found.

It was related to DGP, so it was a bit attentive.

However, what is the power of a 10 billion investment?

Even if it was made, the ancestral graves could be made.

Fang Zhuo estimated the enthusiasm of different cities, but did not fully estimate the degree of enthusiasm. Moreover, due to administrative factors, he was a bit overwhelmed in dealing with it.

However, he also identified several cities for the second round of city inspections, such as Chengdu, Chang'an, Haikou, and Tianjin.

This time, Fang Zhuo will not follow the group in person, he just needs to see the final conditions.

Just like SMIC, it does not only put all its production lines in Shanghai, but also has factories in other cities, making full use of the funds and policy support of the local government. This is worth learning from Fang Zhuo.

Even if it is not selected this time, there is still the next time. If everyone keeps in touch and communicate, there will always be a chance to make a fortune together.

The second round of city inspections was much more exciting than the first round, but this made Luzhou nervous.

The person in charge of investment negotiations at Luzhou Guotou has been on a business trip in Shanghai for more than a week. He has attended two meetings, but the substantive investment has not been negotiated. Seeing that the "Ice Drink Plan" has started the city inspection again...

Don't inspect and inspect yourself!

It's like when Luzhou heard the news of the project in Lin'an, it turned around and pulled the project team with sincerity and actions. Who knows if other cities will do the same this time!

Fang Zhuo was in charge of Yike and received a call from Wang Shushan, a leader of Anhui Province. Wang Shushan greeted him cordially during the call and mentioned one thing by the way. The advancing USTC was trying to promote the establishment of the School of Microelectronics to give Hu Zhengming, who was engaged in academic exchanges, a better space for communication.

This was good news.

Fang Zhuo understood.

He immediately said that he would go to Luzhou again soon, and this time he would go directly to USTC.