Open business day-to-day

Chapter 416 The Richest Man in China
After a long discussion by the world's major financial media, everyone gave a fair assessment. Since Weiyang Technology is not listed, 400 billion US dollars is just a valuation. The actual valuation of Lin Rui's equity in Weiyang Technology is 450 billion to [-] billion US dollars between

Coupled with the Xingkong Technology Group under his name, Lin Rui's specific net worth is about 450 billion to 520 billion US dollars.

It directly surpasses Warren Buffett's net worth of US$440 billion, ranking third in the world.

The news spread to the country and caused a great shock. The title of the third richest man in the world is still very valuable.

This is the first time that there are rich people in China, and they have reached this level in the ranking of the world's richest people.

The major media in the country have reported repeatedly, and the Internet is also full of uproar.

Not only at home, Lin Rui's popularity also began to skyrocket abroad.

He has just graduated from university and is only 22 years old. He has become the third richest man in the world by virtue of his entrepreneurship. It is so legendary.

Once his age and experience were reported by foreign media, it immediately attracted the attention and curiosity of countless people. Information and photos about Lin Rui began to spread rapidly around the world.

Popularity has spread from domestic to global.

Even the various products under Weiyang Technology have been dipped in the light, and various users have increased rapidly in the recent period.According to Lin Rui's estimate, in August, the number of new WeChat users worldwide exceeded 8 million.

With the results of the media's assessment of his net worth, he has not only been crowned the third richest man in the world.

The position of the richest man in China is even more firmly secured by him.The current richest man, Zong Qinghou, has a net worth of more than 120 billion US dollars, which is indeed incomparable with him.

Not only the seat of the richest man in China, but his wealth surpassed the richest men in Asia and became the richest man in Asia.

It also overwhelmed Li Ka-shing and became the richest Chinese in the world.

The third richest man in the world, the richest man in China, the richest man in Asia, the richest man in Chinese... All kinds of labels were attached to Lin Rui in an instant.

It made Lin Rui painful and happy for a moment.

Faced with all kinds of honors and praises from all sides, it is indeed very enjoyable, and it is easy to make people feel flustered.

Lin Rui also doesn't like the feeling of being held too high. After the press conference, he still maintains his previous habits, rarely appearing in public, and rarely accepting interviews from the media.

Unless it is CCTV or a large national media, or encounters other interviews, if you are interested, you may accept it, and if you are not interested, just reject it.

At his level, as long as he doesn't float up, he already has the qualifications to be willful.

Facing the turmoil from the outside world and the media pouring in from all over the world, Lin Rui no longer cared about it, and started to deal with another important matter.

After this financing, Weiyang Technology became rich and instantly became rich and powerful.

However, in comparison, Xingkong Technology Group is much poorer.

Although there are still billions in the account, there is a lot to spend.Regardless of the launch of Huizhong Mall, we need to continue to inject capital to improve the warehousing and logistics systems in various places.

It still invests huge sums of money to support Microchip's research and development of chips.

Or continue to invest in Blue Shield Security, increasing its size and professionalism.

Or it is a big investment in SMIC and BOE to support the development of the two companies.

Both require large sums of money.

The billions in the account are not many.

Before Weiyang Technology raised funds, Lin Rui hadn't thought of a suitable solution.With the financing of Weiyang Technology, the situation suddenly opened up.

Through the communication with Goldman Sachs, Lin Rui learned about something called corporate bonds, which can easily raise funds.

Interpreted by the standard:
Corporate bonds refer to securities issued by a company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time.

The advantage of corporate bonds is that they are cheaper than bank loans.Banks, especially domestic banks, have very high loan interest rates, and 10 points is just the beginning.

When issuing corporate bonds, the interest rate that needs to be paid is much lower, and the annualized rate is generally only 5 or 6 points.

However, the threshold for issuing corporate bonds is much higher than that of loans, and domestic supervision is also relatively chaotic. Many large companies issue corporate bonds in foreign markets.

For example, Baidu has issued more than 20 billion US dollars of corporate bonds, with an annualized rate of only [-]%, which is much lower than bank loans.

However, not all companies can issue bonds, and you need to ensure your repayment ability.

The higher the repayment ability, the higher the credit, the easier it is to issue bonds, and the lower the cost of using funds.

For example, U.S. treasury bonds, whose repayment ability is guaranteed by U.S. credit, have an annual rate of return of only one or two points, and sometimes no more than three or four points.

For example, Microsoft, a well-known company with reliable credit, just issued 40 billion US dollars of 3.75-year corporate bonds some time ago, with an annual yield of only [-]%, and there are still a large number of foreign funds rushing to buy them.

The main reason is that foreign bank interest rates are too low, and it is not cost-effective to deposit money in banks.Like some private banks in Switzerland, there is no interest on the money stored in it, and a certain management fee is charged every year.

If you can't beat inflation, it means that your money is depreciating every year.

Therefore, although the annual yield of U.S. Treasury bonds or bonds issued by Microsoft is low, it is much higher than bank interest rates.

Moreover, it is relatively safe and reliable, and is favored by large foreign funds.

After this round of financing for Weiyang Technology, Lin Rui suddenly discovered that Xingkong Technology Group has met all the conditions for issuing corporate bonds, and they are also very high-quality.

First of all, Xingkong Technology Group holds 51.2% of the shares of Weiyang Technology. According to the valuation of Weiyang Technology of 980 billion US dollars, this part of the shares is theoretically worth 500 billion US dollars.

In addition to other industries under the name of Xingkong Technology Group, not to mention e-commerce, security, and chip companies... the Alibaba shares held, Meituan shares, Xiaomi shares, DJI shares, etc. The total value is impossible to estimate for a while .

For Xingkong Technology Group, a company that is extremely high-quality in every respect, it is actually very simple to issue corporate bonds, and investors also recognize it.

……

After many communications with Goldman Sachs, the issue of corporate bonds was finally finalized.This matter is Goldman Sachs' own job, and they couldn't wish for it, so they directly entrusted Goldman Sachs to sell it in foreign markets.

Afterwards, Lin Rui convened several meetings with the company's executives, roughly estimated the capital shortfall of Xingkong Technology Group, and consulted Goldman Sachs for advice.

The final decision was to issue 55 billion US dollars of 5-year corporate bonds.After negotiation, the annual rate of return is set at 5.8%, which is not enough for the top and more than the bottom, which is a relatively common interest rate in foreign bond markets.

This matter went very smoothly. Due to Weiyang Technology's recent global reputation, the value and credit of Xingkong Technology Group have also been recognized by many foreign investors.

Not to mention other things, based on the 51.2% stake in Weiyang Technology alone, according to the valuation, this part of the stake is worth 500 billion US dollars.

With these assets in hand, Xingkong Technology Group only issued 55 billion US dollars of corporate bonds. Naturally, there is no problem, and the company's credit and repayment ability have been greatly guaranteed.

Zhao Yan and Goldman Sachs were in touch with each other to promote this matter, and Lin Rui was relieved.Turn your attention away from that and start thinking about spending money.

……

Weiyang Technology has raised so much money, it must be spent.

The first thing he cared about was Ali's equity. With this financing, Lin Rui became more optimistic about the future of the Internet, and his expectations for Ali also began to increase.

Although, he also intends to enter the e-commerce industry.

However, Huizhong Mall's business model is mainly rivaled by JD.com, and currently it has little competition with Ali, so there is no need to worry about this.

Of course, even if it is a shareholder, he will not be soft on Ali when it comes to competition.

Since Xingkong Technology Group already holds a part of Ali's equity, there is nothing wrong with letting Weiyang Technology hold a part of Ali's equity.

In this regard, you can even ignore Ali and contact Softbank and Yahoo directly to buy the shares in Ali held by them.

It is a bit difficult to buy from Softbank. Judging from their attitude, they should be quite optimistic about Ali's future.

It’s much easier for Yahoo. They didn’t deal with Ali in the first place, and they are not optimistic about Ali’s future. In June, Ali spent US$6 billion to repurchase 71% of its shares, and now it still holds 23% of Ali’s shares.

According to the communication between Lin Rui and Lao Ma some time ago, Yahoo was very active in Ali's repurchase of shares from Yahoo last time.If the funds in hand are sufficient, even 40% can be repurchased at one time.

It's a pity they don't have the capital.

Yahoo's deteriorating predicament over the years also made him very happy to sell Ali's equity to supplement Yahoo's cash flow.

Since Weiyang Technology now has so much cash in hand, it shouldn't be too difficult to contact Yahoo, offer some premium, and buy some more shares in Ali from them.

However, this matter should not be rushed, it is easy for the other party to sit on the ground and raise the price.Get in touch first, test the attitude of the other party, and then decide how to act.

After finalizing this matter and arranging for people to contact Yahoo, Lin Rui still thought about spending money.

Even if buying Alibaba shares from Yahoo, in order to maximize profits, leverage will definitely be adopted. Weiyang Technology's principal of 10 billion US dollars is enough.

There is still so much cash in the account, it cannot be left idle here.

Lin Rui thought for a long time, and then thought of another way to spend money, "Repay the loan."

You heard that right, it's "repaying the loan..."

Since the establishment of Weiyang Technology, from the end of 10, Lin Rui began to use loans and leverage on a large scale for investment and development needs.

Not only relying on its own credit and cooperation with ICBC, Weiyang Technology Investment Fund was established, and financing loans were used for various projects.

Moreover, the cost of capital use is very high, and most of the annual interest rates are above 10%.

Now, since the company has money in its account, let's pay it back.

Next, Lin Rui began to clear the loan.

The first loan to be repaid will be in January 11.

At that time, Weiyang Technology cooperated with ICBC to set up an investment fund with a total amount of 3 million yuan, of which Weiyang Technology contributed 6000 million yuan and ICBC granted 2.4 million yuan in credit.

Until now, interest has been paid monthly.

Lin Rui waved his hand, "Repay it!"
If the loan is not repaid, why keep it!
The second loan occurred in March 11, when Weiyang Technology acquired the entire property rights of Lanhai Building from Jincheng Real Estate at a price of 3 million.

For this acquisition, Weiyang Technology invested 7 million yuan, mortgaged the property rights of Lanhai Building, borrowed 000 million yuan from the bank, and took over the entire building.

Now that the company has money, there is nothing else to say, 2.5 million will be paid back, and the property rights will be redeemed from the bank.

The third loan took place in April 11. At that time, in order to get rid of the dependence on Alibaba Cloud, we built our own data center.

Weiyang Technology invested 7 million yuan to build the first data center in Los Angeles.

At that time, Weiyang Technology naturally couldn't come up with so much cash, and actually invested 2 million yuan, and the other 5 million yuan was a loan from the bank with the data center as collateral.

It’s not too late to earn some money now, and directly return the 5 million to release the pledge status of the data center.

The fourth loan occurred in June 11. After half a year of operation, all the 6 million funds in the Weiyang Technology Investment Fund were invested.

So it cooperated with ICBC again, Weiyang Technology invested 2 million yuan, ICBC gave 8 million yuan, and established Weiyang Technology Investment Fund with a total of 10 billion yuan.

This amount of money is not too much for Weiyang Technology, so it will be paid back directly.

The fifth loan occurred in July 11.

At that time, Zhongyuan Bank was restructured and private enterprises were introduced to take shares.

Weiyang Technology also got an opportunity, with a total investment of 36 billion, a 12% stake in Zhongyuan Bank, and two board seats.

Of course, it is difficult to take out such a large sum of money at once. Fortunately, the shares of Zhongyuan Bank have a high gold content.So we cooperated with ICBC and used leveraged investment to complete this shareholding.

Weiyang Technology took out 8 million yuan as the principal, pledged the shares of Zhongyuan Bank, and borrowed 28 billion yuan from ICBC to complete the investment.

Although 28 billion is a lot of money, it is a huge sum of money for many companies and individuals.

However, for Weiyang Technology, which holds more than 600 billion in cash, this amount of money is not much.

What's more, the annual interest rate of these 28 billion loans exceeds 10%, and the cost of using funds is too high, so it is better to pay it back sooner.

So with a wave of his hand, the loan was repaid.

The sixth loan occurred in August 11.

Weiyang Technology cooperated with Zhongyuan Bank and invested 48 billion to build 5 large-scale data centers in Imperial Capital, Shangzhou, Guangzhou, Rongcheng, and Xi'an.

Among them, Weiyang Technology invested 8 million yuan, and the remaining 40 billion yuan was provided by Zhongyuan Bank.

For such a large loan, Lin Rui hesitated to repay it, but finally decided to repay it.

Why put so much cash in the account.

You can get a loan from the bank whenever you need it in the future.

The seventh loan occurred in 11 years in September.

In order to maintain the leading position of the Shangdong music platform, coupled with the sluggish copyright market, it is suitable to take the opportunity to buy various music copyrights.

After several months of negotiations, Weiyang Technology reached an agreement with more than 20 record companies in China, Hong Kong, Macao and Taiwan to acquire the copyrights of 21 songs held by them at a price of 7.8 billion.

Recently, as the domestic copyright market has improved, the acquisition has made several times.

If the copyrights of so many songs are brought to the market, the value has risen to 70 billion.

In the future, with the further formalization of the domestic copyright market, the value of song copyright will rise rapidly, which is a very cost-effective investment.

Not only has it achieved extremely rich returns, but also let Shangdong Music Platform, with these copyrights, firmly sit on the first transaction of domestic music platforms.

For this acquisition, Weiyang Technology invested 5 million, and the remaining 16 billion in cash was provided by Zhongyuan Bank.

16 billion is not too much, Lin Rui waved his hand and paid it back directly.

(End of this chapter)