Reborn Entrepreneurial Giant
Chapter 193 The Acquisition of Kuxun Meets Barriers
Obviously, the market was in panic, the subprime mortgage crisis in the United States spread to the whole world, and the market demand was sluggish. The international oil price rose inexplicably, and the price of a barrel rose from 90 US dollars to 110 US dollars.
"One word, do it!" Qu Li returned to Xiangjiang again, and Zhang Yiwen returned to China at this time. With the bankruptcy of Lehman Brothers, Xie Hailiang became famous, and Xiangjiang Investment, where he worked, has attracted much attention.
Although domestically questioned the investment ability of Huatou, it will not question Huatou's funds. To be recognized by Huatou, needless to say, the background of the relationship, and having an excellent team, Xiangjiang Investment has received a lot of attention now that the A-share market is completely silent!
Zhang Yiwen has many things to deal with when he returns to China, such as integrating Andrew's team, holding meetings to raise funds for investment, and seems to be buying Motorola Building and Ark Building.
Qu Li, who sits at the Vision Fund and handles Mengniu shares, sees the opportunity brought about by the rise in international oil prices.
The value of 10,000 crude oil futures is 1.1 billion US dollars, and the actual investment is about 110 million US dollars under 10 times leverage. If you directly sell it to go short, how can you pay so much attention, and who else can go against the general trend? Qu Li invested US$500 million in the Vision Fund and signed a private equity contract. The annual management fee is US$1 million plus 10% of the income.
The Vision Fund bought 100 million shares of Mengniu at a cost of about US$90 million, shorted crude oil for US$1.1, and spent a total of US$200 million, leaving US$450 million plus a loan of US$150 million.
Shorting U.S. stocks and Hong Kong refers to shorting crude oil to make money. This is not making money but stealing money. However, the gold, crude oil and foreign exchange markets are large enough. Even WTi crude oil futures, which Envision mainly participates in, has a daily trading volume of nearly 300,000 lots, about 300,000 lots. 330 billion U.S. dollars, assuming a daily fluctuation of 5 U.S. dollars, will generate a profit and loss of about 15 billion U.S. dollars at most.
Although Qu Li believed that it was certain to make money by shorting this time, someone still had to watch him. As a result, the price of crude oil traded sideways between US$104 and US$109 for several days. It doesn't matter, Qu Li didn't come to Xiangjiang to watch the market.
The practice of domestic milk powder has become more and more serious. Qu Li, who had questioned the bulls for a long time, was actually affected. Some people said that since he knew there was a problem with milk, why didn't he expose it?
Of course there is no problem in saying that, Qu Li himself is a little guilty, the key is that the crabs and beasts appear and cannot change history, if he really wants to be exposed in advance, he will be a eunuch. Changing to a normal businessman's thinking, he would not do such a thankless thing.
Speak with facts: How long can a successful entrepreneur, or a wealthy businessman, donate 10 billion to "build a golden body" for himself?
For example, there are Bill Gates in foreign countries, not to mention in China, there are quite a lot of them, even if these people do not have clear and correct evidence to prove that an entrepreneur has done bad things, they just have the ability to do evil and add an "unnecessary" reason to make them The person knocks off the dust.
To be a company does not need a good reputation, but to be a brand. Entrepreneurs and companies are deeply bound together with advantages and disadvantages. At least in the early stage of enterprise development, if the founder’s popularity and topicality are high enough, unexpected surprises can be reaped, such as coarse grain mobile phones and special products. Tesla cars.
There are advantages to doing so, but the disadvantages are also obvious. Tesla has a problem, which occupies the headlines, and Volkswagen, Mercedes-Benz, BMW, and Toyota have problems, and no one looks at it. So why do Tesla cars always have problems, this horse is a "coffin car", but the truth...
Qu Li was not confused, he avoided this kind of inexplicable negative public opinion first, and let the news cool down by himself. If someone really wanted to manipulate the situation behind the scenes, he didn't have the means to fight back.
Jumei’s maternal and infant category has purchased more than 10,000 tons of imported milk powder from several major foreign brands since the news fermented, and will increase the purchase according to the sales volume, and the behavior of selling it by air to the country has further promoted some people's doubts.
Conspiracy theories have always been very popular. Last year, a financial novel called "Currency War" was published. This year, it was successfully released and became a social phenomenon. More than ten years later, Qu Li still remembered a Rothschild family who did not As far as I know, their family has a wealth of tens of trillions of dollars.
Fortunately, there is a well-known news: Qu Li is a junior high school student and a writer of pure love novels, which naturally suppressed the birth of many rumors.
Regardless of the cold treatment, it is impossible for the country to allow the crisis of trust in the milk industry to spread to all walks of life. It will naturally limit the spread of rumors, and it will naturally be self-defeating. Assuming that Qu Li should be questioned, should the CEO of Yili, a certain Lu Mengniu, be decisive?
Against the background of the financial crisis, Jumei is not always invincible. After officially launching the acquisition of Kuxun, Lianchuang Ceyuan, the main investor, paid more attention to Kuxun and called out a sky-high price of 50 million US dollars.
"Up to 20 million US dollars, if it's not enough, just poach people..." Qu Li doesn't think the current Kuxun has any value other than people.
You should know that Kuxun’s business is search, and the main traffic comes from train tickets and real estate. It does not directly sell air tickets and hotels. It directly competes with Qunar. It provides search services for air tickets, hotels and travel, and earns "advertising fees" through traffic imports. . Not to mention the slowdown in growth, there is no stable income yet.
"Their team members are excellent, but the business is hard to describe..." Wang Yunliang was also a little sad on the phone. Kuxun's two rounds of financing were 12 million U.S. dollars. They shouted that 50 million U.S. dollars might be just a return of capital, but they wouldn't make much money. What does Jumei have to do with you? You have no business model, no user scale, and you are doomed to be worthless.
The two discussed for a while. The main purpose of Jumei to acquire Kuxun is for their programmer team, and the business is second. If the two sides have too much disagreement, they can focus on talents and can directly poach people, especially It's Zhang Yiming with the same shoes!
"Should we also shrink the battle line and shrink the support for Xiangyun and other brands?"
"To be honest, I regret making Xiangyun bigger, and now I want to give up, but I am a little bit reluctant..."
"..." Wang Yunliang didn't expect Qu Li to be so talkative. The growth potential of the Xiangyun brand is really good, and he said that giving up is just a choice based on realistic conditions.
"Allocate the resources of the Danlin brand to Xiangyun, and sell him within two or three years."
"What did she say there?"
"Let me talk to her." Qu Li touched his head, feeling a little headache.
"Okay, when will you come back, there are many things to do in Jumei..."
The financial crisis has accelerated the transformation of physical enterprises to online. Being in Yangcheng, Guangdong Province, Jumei naturally has the upper hand. Serving physical enterprises sounds nice, but it is troublesome to do. The technical content is not high, and there is a lack of programmers. We had to arrange interns, but this year, besides the school recruitment, Jumei also has a management trainee plan, and there are a lot of troubles.
"I see, soon!" Qu Li had already returned to Pengcheng at this time, Brother Boatman had something important to announce.
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