Chapter 982 Capital Direction
"I never thought that Zhang Hao would cause such a big trouble. I heard that Netscape's stock price rose again today?" In a villa halfway up the mountain in Hong Kong, Song Chaoyuan, Luo Yang, Li Daqi, and Qin Zhengguo, the four of them were sitting in the garden drinking afternoon tea and gazing at the sea view in the distance.
Luo Yang couldn't help but sigh, and so did Li Daqi and Qin Zhengguo. The three of them had complicated feelings about Zhang Hao, who suddenly emerged and achieved great success. You know, they were all familiar with Zhang Hao, especially when Li Daqi and Qin Zhengguo knew Zhang Hao, this kid was still a naughty little guy. So many years have passed in a flash, who would have thought that Zhang Hao would have what he has today?
Although the media are reporting that Zhang Hao is now the richest man in China with a net worth of nearly US$800 million, personal assets are actually not calculated in that way. Zhang Hao's wealth is basically in the Netscape shares , and the conversion of these assets is only calculated according to the current stock price, not the actual wealth he actually owns.
Moreover, Zhang Hao is now preparing to transfer the stocks he has. Even if it is transferred at a premium, it will take a long time to realize the cash. Moreover, stocks are always unstable with the changes in the stock market. It is still uncertain how much Zhang Hao can finally realize.
Besides, even if all of Zhang Hao's assets were calculated based on the current stock conversion, he would definitely not be the richest man in the country. Because among the people present, whether it was Li Daqi, Luo Yang or Qin Zhengguo, their actual wealth was not much less than Zhang Hao's, not to mention Song Yuanchao.
In recent years, Shenghua has developed rapidly. In addition to Shenghua's main enterprises, it also has two fast-moving consumer goods industries, namely, Si Te and Nandu. In particular, Shenghua's switch market, pager market, PHS market and other communication industries are all very profitable businesses.
Although the switch market has gradually become saturated with the coverage of domestic telecommunications, Shenghua has already made adjustments to this industry, shifting from the initial production of switches to subsequent service transformation. In addition, with the establishment of some large databases and the server projects that have just begun, and after the reorganization of Shenghua Computer Company, the future prospects in this area are still broad.
As for the pager project, Shenghua has gradually given up on it. The pager project seems to be doing well . Although the monthly income is not as rapid as in the past two years, it is still relatively stable. However, Song Chaoyuan has seen the end of the pager market. In a few years, the pager market will inevitably decline, gradually losing its advantages and vitality.
Therefore, Shenghua set a goal to transfer this part of the business in advance at the end of the previous year. Especially after the promotion of the PHS project, Shenghua accelerated the progress. At present, Shenghua has gradually transferred most of the equity of the pager project, and the operating rights have also been transferred from Shenghua to others. If there are no accidents, the remaining equity will be completely sold in a few months.
The Xiaolingtong project can now be said to be one of Shenghua's most profitable projects. With the launch of Xiaolingtong, the sales and usage of Xiaolingtong in China are constantly increasing. Moreover, with the continuous coverage of Shenghua's base stations, Xiaolingtong has developed from major urban areas to towns and rural areas.
Shenghua's revenue from Xiaolingtong products is astonishingly large, and this does not include the stable monthly fee income from Xiaolingtong. Currently, the Xiaolingtong industry is Shenghua's new pillar industry. In addition to the Xiaolingtong market, Shenghua has also begun to prepare to enter the mobile phone market. However, compared with the Xiaolingtong market, the mobile phone market is much more difficult. This is not only due to technical reasons, but also includes other issues.
When Shenghua launched PHS, the post and telecommunications had not yet been separated. Although the post and telecommunications are still integrated, there are already signs of the separation of postal services from telecommunications and mobile services. With the division of management by several leaders, the actual operation has become independent. Especially this year, the establishment of China Unicom has become a foregone conclusion. Although the official establishment will be in June, Unicom's mobile phone business has already begun. Coupled with the competition from mobile and telecommunications, the threshold for mobile communications will become higher and higher in the future.
Although Shenghua has had good relations with the Post and Telecommunications Department due to its cooperation with the Post and Telecommunications Department for many years, as these operators have been separated from the Post and Telecommunications Department, many rights no longer belong to the Post and Telecommunications Department. For their own reasons, each operator is no longer restricted by the Post and Telecommunications Department. In addition, for some other reasons, it is not easy to open up the mobile phone business, which is completely different from the PHS.
The most important issue is the network access license. Shenghua is already negotiating with the operator, but the progress is not optimistic. For this reason, Song Chaoyuan rushed from Shanghai to Hong Kong to discuss this aspect, intending to open up the link through HKT's channels.
"This is luck! When luck comes, nothing can stop it." Qin Zhengguo said this. He really envied Zhang Hao's opportunity. To get such a generous reward at such a small cost, Zhang Hao was probably the only one in the world who could do that.
"Haha, you can't say that. Luck also depends on the person. If you don't understand these things and don't have the ability and technology to develop a browser, do you think you will be so successful?" Li Daqi said something pertinent, and Qin Zhengguo nodded silently after listening.
"By the way, Yuan Chao, this Internet investment looks good. It's really exciting to make a small investment for a big one. I think our Shenghua Capital's future investment direction can be considered in this direction?"
Qin Zhengguo suddenly said this, and Luo Yang and Li Daqi immediately agreed. This time Netscape's listing made huge profits for all parties. Shenghua intervened because Netscape had previously sought an opportunity to inject capital. Although Shenghua did not get many shares due to the reasons of American capital, when Netscape went public, the return on investment reached a quite amazing level, which made everyone extremely happy.
In just half a year, such a proportional return on investment has never been seen before in the world. In recent years, Shenghua Capital, including its affiliated investment companies, has developed rapidly and has made a lot of investments in various industries. Most of them are industrial investments, such as Guo Tao's hardware company, Snow Leopard Leather, Zhang Jian's medical company and investments in other industries.
Many of these investments have yielded considerable returns, and even if some have failed, they account for a small proportion compared to the overall situation. Shenghua has not only expanded its industry scope through these investments, but also made huge profits from them.
But all the investment returns added together could not compare to Shenghua's profit from Netscape this time. The dazzling performance of Netscape after its listing stunned everyone in Shenghua. At the same time, they were also extremely impressed by Song Chaoyuan's foresight to obtain shares in advance when Netscape was raising funds through a series of operations.
The success of Netscape shocked Qin Zhengguo and his team, and they were also very excited. In their opinion, such a generous return was much better than investing in ordinary industries. If they could find a second or third Netscape, even if the return was not as generous as Netscape, as long as it was half of Netscape... no, half of half would be fine!
Listening to their heated discussions, their excited expressions seemed as if they had discovered a huge gold mine.
Song Yuanchao felt a little emotional. The temptation of the Internet to capital was really great! But then again, wasn't it the same for him?
But Song Chaoyuan was more aware than Qin Zhengguo and others of the changes that would come after the advent of the Internet era. Netscape 's listing was only the prelude to the Internet era. With Netscape's great success, countless capitals shifted their focus from traditional industries to emerging Internet-related companies, dreaming of emulating Netscape's success and getting a piece of the pie in this feast.
It is precisely because of this that capital has started a wave of Internet investment since the beginning of this year. It is also because of the capital's surging enthusiasm for the Internet industry that it has promoted the rapid development of the Internet.
From now until 2001, in just less than six years, the development of technology and the emerging Internet industry driven by capital can be said to be changing with each passing day. Related stocks have soared, profits have continued to rise at a geometric rate, and wealth myths have been born, attracting countless people from traditional industries to participate in this emerging industry.
Unfortunately, the Internet is a new industry after all. Due to many existing reasons and the failure to break through the business model, the most important thing is the inability to transfer user ownership to real benefits. In addition, the continuous capital investment has led to serious "burning of money", and the actual returns are only reflected in the stock market. Ultimately, after 2001, it caused the bursting of the Internet bubble.
The bursting of the Internet bubble was almost the same as the previous Qiongdao real estate bubble. After the Internet bubble suddenly burst, countless Internet companies that were once popular and sought after by capital and investors collapsed, and countless investments and wealth that were originally on the books also disappeared with the bursting of the bubble, thus plunging the Internet industry into a severe winter.
Qin Zhengguo and his friends didn't know about this, but Song Yuanchao knew it clearly. There were many opportunities in Internet investment, but there were also many risks. But overall, before 2001, Internet investment was still very good in the next few years. As long as Shenghua could withdraw in time before the bubble came, it would definitely gain huge benefits.
Song Chaoyuan did not reject Qin Zhengguo's suggestion. After thinking about it, he agreed with Qin Zhengguo's suggestion to set up a professional team for Internet investment projects for Shenghua Capital. This team would be based on the temporary team that had previously assisted Netscape in financing negotiations. After all, these people already had experience.
Then, based on the previous foundation, it will be strengthened to become an independent department, which will be responsible to Shenghua Capital headquarters. The intention of doing so is also for Song Yuanchao to avoid out-of-control of future investments in the Internet market, thus falling into the crisis of the bursting of the Internet bubble in a few years. With Song Yuanchao watching over it, this possible risk will be much smaller.
