Rebirth Of The Entrepreneurship Era

Chapter 385: Exchange in Hong Kong

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Saturday, February 26th.

Xu Yiyang dragged his suitcase out of the dormitory early in the morning. Together with Shen Lele, accompanied by his roommates, they arrived in front of the political and education building, where the bus prepared by the school was already waiting.

Before getting on the bus, Xu Yiyang and Shen Lele checked their IDs and cash.

According to the country's foreign exchange regulations, a short-term trip to Hong Kong can be exchanged for Hong Kong dollars worth US$1,000, so both of them used more than 8,200 yuan to exchange for 7,780 Hong Kong dollars in cash according to the highest standards.

Check that everything is correct and get in the car.

There were already more than a dozen students and teachers sitting in the car.

The people leading the team this time were Mr. Hu and Li Yunhui, the director of the Academic Affairs Office. In addition to them, there were also several younger professors.

As for the students, there are twelve in total, three from each freshman to senior year.

After the two got on the bus, Mr. Hu hurriedly introduced him to the other teachers and students accompanying him.

However, among the nine sophomores, juniors, and seniors, Xu Yiyang only knew Xu Yanan, the president of the student union, and had never even heard of the others.

At this time, Ning Ruolin came up with her suitcase. Seeing that everyone had arrived, she said apologetically: "I'm so sorry, I'm the last one to arrive."

Mr. Hu smiled and said, "It's not considered late if it's not the departure time yet, so don't be embarrassed."

Immediately afterwards, he added: "Hurry and find an empty seat and sit down. Now that everyone is here, let's leave for the airport."

Ning Ruolin saw Xu Yiyang and Shen Lele sitting together, so she waved hello to them, and then sat in an empty seat on the other side of the aisle.

As the bus left the school, Mr. Hu introduced the general arrangement of the exchange on the road.

The reason why this exchange took so long is mainly because we hope to promote long-term exchanges and cooperation between the two schools through this exchange activity.

After all, we have entered a new century, and the school leaders of China Overseas College hope that our students will have more opportunities to go out.

So this time, they will not only have academic exchanges with the English major of the University of Hong Kong, but also conduct some exchange activities with other majors. However, the specific schedule and plan will depend on the arrangements of the University of Hong Kong.

The group arrived at the airport and, after passing through security and customs, went directly to the waiting area near the boarding gate.

Among the whole team, only Xu Yiyang and Ning Ruolin seemed a little uninterested. The other teachers and classmates were all excited.

After all, it was 2000, and less than half of us had flown on a plane, let alone those who had been to Hong Kong.

Xu Yiyang speculated that, excluding himself as a reborn person, Ning Ruolin may be the only one among these students who has been to Hong Kong.

But Ning Ruolin doesn't seem to have any feelings about Hong Kong.

In fact, so does he.

About twenty minutes before boarding the plane, Xu Yiyang received a call from Mr. Ma of Tencent.

He stood up hurriedly, went to a deserted corner and answered the phone.

"Hey, Mr. Ma."

Mr. Ma's voice came: "Hello, Mr. Xu, your school should have started, right?"

"Yes." Xu Yiyang said, "School has started."

After saying that, he asked again: "Mr. Ma, what can I do for you?"

Mr. Ma said: "Mr. Xu, it's like this. Tencent's business and revenue have grown rapidly recently, which has attracted a lot of attention. In the past two days, a very famous Hong Kong businessman contacted me and said that he hoped to invest in Tencent and provide The valuation conditions offered are very favorable, and I plan to consider it.”

Xu Yiyang couldn't help but frown: "Hong Kong businessman? Could you please tell me who he is?"

Mr. Ma hurriedly said: "It's Li Zekai, the second son of the Li family in Hong Kong."

Xu Yiyang frowned even more tightly.

The second son of the Li family invested in Tencent last year in history, but it may be because Tencent took 6 million from him first, so it didn't get involved with him again.

Now that he has found Tencent again, it seems that he is destined to be entangled with Tencent.

However, Xu Yiyang didn't have a high opinion of the second son of the Li family, or even the entire Li family.

The Li family's strategy for making a fortune is simple and crude. The most direct method is to drive up property prices, sell high and buy low. On the surface, it looks promising, but in fact it sucks blood from the entire Hong Kong.

Property prices in Hong Kong are unattainable, and shop rents are also astonishingly expensive. Many people work hard all their lives just for a so-called luxury house that is a few tens of square meters smaller. The reason is simply that several large families headed by the Li family have reduced the property prices. The more you fry, the higher it gets.

Even the methods of selling off-plan houses and calculating public shares were created by them.

Xu Yiyang saw the glory of the Li family, but rarely saw the progress the Li family could bring to society.

It is said that when the mainland invited them to come to the mainland to promote urban real estate development, they instead used the favorable policies provided by the government to acquire the best land at low prices, and then threw it away for several years or more than ten years.

Throw the best land there without construction or development. Instead, wait for the land price to skyrocket, then sell it, cash out and leave.

Such an operation mode is not to promote the development of mainland cities. It is to parasitize the mainland and nourish itself. After absorbing the nutrients, it will leave the host without hesitation.

As for the playboy image and style of the second son of the Li family, I will not comment. After all, there are many rich second generations in mainland China who are entangled with Internet celebrities and celebrities every day.

However, the ways in which the second son of the Li family made money really made Xu Yiyang despise him.

He has done a lot of big business without any hesitation, and is even called Superman. The most famous ones are Cyberport and PCCW.

Cyberport is a huge investment by the Hong Kong government for the future of Hong Kong. They hope that through the construction of Cyberport, they can attract a large number of high-end Internet companies and transform Hong Kong's future closer to Silicon Valley and become the IT center of Asia.

And after this project was obtained by Superboy, it was transformed into a commercial real estate project. He made a lot of money, but ruined the entire IT dream of Hong Kong;

PCCW is another classic case of Superman being devoured.

He used a shell company to make crazy money for Hong Kong Telecom, and on the other hand, he used banking relationships to obtain credit loans of up to 13 billion US dollars from banks.

Without spending almost any money, in less than 20 days, he defeated Singapore Telecom and acquired the century-old Hong Kong Telecom.

Then what? PCCW's market value has dropped from more than 500 billion Hong Kong dollars to more than 20 billion at a speed that can be seen with the naked eye. I don't know how many Hong Kong investors have been trapped.

As for Superboy himself, he has already made large profits from various reductions and cash-outs.

In addition to the empty-handed white wolf, Superman also has a classic negative case, which is to sell Tencent shares.

At that time, he invested US$1.1 million in Tencent, holding 20% of the shares, and sold it for US$12.6 million a year later. If you only look at the 11 times profit in one year, it is indeed a very powerful short-term operation. Superboy himself also feels that this wave of The pocket money is earned very easily.

But he never dreamed that Tencent's market value would later reach more than 400 billion US dollars...

As a result, his short-term operation, which he thought was slippery, became the most classic case of "short-sightedness" in the history of the Internet.

Now that he is eyeing Tencent again, does he still want to play a wave of short-term tricks

Thinking of this, Xu Yiyang asked him with a smile: "Mr. Ma, how did you get in touch with the second young master of the Li family?"

Mr. Ma said seriously: "Actually, their family has been investing in the Shenzhen market recently. Tencent's revenue exceeded 10 million last month, attracting the attention of many capital investors, and Mr. Li is one of them."

Xu Yiyang hummed and asked again: "What do you think of this matter?"

Mr. Ma said: "I think this is a good opportunity. Mr. Li's resources are still very strong, and his influence in Hong Kong's financial field is also great. If we take his investment, Mr. Li will be behind our listing in Hong Kong in the future." It will definitely be a lot easier with help.”

Xu Yiyang said: "But we are not short of money now. Mobile QQ's profit in the first month has exceeded 10 million, and in February it will even exceed 15 million. By the end of the year, it will even be tens of millions a month, and a year It’s easy to make hundreds of millions and there’s no shortage of money, so why do you need to raise funds?”

Saying that, Xu Yiyang added: "The two most feared things in financing are spending money and raising money without spending it. Blindly raising money when there is no shortage of money is a bit irrational in my personal opinion."

Mr. Ma hurriedly explained: "Mr. Xu, the valuation given by Mr. Li is indeed very generous. He also recognizes our development prospects this year and believes that our net profit this year is expected to be close to 200 million yuan, so he is willing to Investing in us at a valuation of 10 times net profit is 2 billion yuan, and Mr. Li’s investment is in US dollars, which will give us a valuation of 240 million US dollars. He intends to hold 20% of the shares, which is Investing us $48 million in cash.”

After saying that, Mr. Ma said again: "Look, Mr. Xu, we want to make a net profit of 100 million or 200 million, but we have to wait until the end of the year. There are still more than ten months in this cycle. No one knows what will happen in these more than ten months. If something unexpected happens, we may not be able to achieve such a high profit, but if we agree to Mr. Li's financing now, we will have an extra US$48 million in cash on our account, which is equivalent to 400 million yuan!"

Xu Yiyang sighed and said, "Mr. Ma, what do you want these 400 million yuan for?"

Mr. Ma said: "The Internet industry is developing very fast now. Mr. Li believes that with the global Internet boom, a large number of Internet companies will soon rise. However, most Internet companies are still losing money and burning money. There are very few Internet companies like ours that can make money. In comparison, we are a high-quality project in the Internet industry, so this is one of the reasons why he is very optimistic about us."

Xu Yiyang sneered in his heart.

Now think that a large number of Internet will usher in the rise? Anyone who holds this view will be slapped in the face by the Internet crash in a month.

However, the view of the second son of the Li family is indeed the mainstream thinking. Now is the last carnival before the Internet bubble bursts. The stock prices of US stocks such as Cisco and Amazon will reach their peak in the next month, and then plummet.

The second son of the Li family wants to invest in Tencent so much now, simply because he is optimistic about the short-term prospects of the Internet and Tencent's profitability, and wants to seize the opportunity to enter the market early and make a wave of money.

A month later, the Internet bubble burst. Even if Mr. Ma knelt down and begged him to invest, he would never invest.

However, Mr. Ma cannot see this layer yet.

So, he asked Mr. Ma: "They saw that our business was developing rapidly, so they wanted to come in and get a share of the pie. No matter how you look at it, it's something they can do cheaply. Why should we do it?"

(End of chapter)