My Age of Investment

"Is the person gone?"

As soon as Blankfein and Mack left, Liu Hai knocked on the door and walked in.

Xia Jingxing pointed to the seat next to him, motioned Liu Hai to sit down and said.

"Abel has already contacted the LPs on the S Fund. The listing of Facebook is just the beginning. Next, there are a lot of high-quality assets such as YouTube, Ali, and Overseas Holdings waiting to be listed. By then, the returns of the S Fund will be The rate will reach an astronomical figure.

Whether it is the Jewish Capital Group or anyone else who steps out to stop everyone from getting rich, they will become the public enemy of everyone. "

Xia Jingxing said "Yeah" and said nothing more.

Facebook's listing is a litmus test, just in time to test the energy and true attitude of its American partners.

At present, the national policy has not fully shifted to the Asia-Pacific region. If even a small matter cannot be settled, then he will no longer be taken advantage of.

In the final analysis, his current industrial focus has completely shifted to China. After Facebook cut off its shares and went public, the only sensitive industries in the United States are Android and Tesla.

Among them, Android involves competition with Wisdom Fruit and Google, and is more likely to be attacked by relevant interest groups.

Tesla's development momentum is not huge yet, and it can take another two or three years to develop.

Liu Hai asked with concern: "What do Goldman Sachs and Morgan Stanley say?"

“Both of their companies and their senior executives are vested interests in Facebook’s listing, so they naturally want to ensure Facebook’s smooth listing.”

Liu Hai nodded, his expression instantly relaxed, and asked again: "They didn't put any excessive conditions, right?"

"On the basis of ensuring the existing cooperation, we gave them a few more businesses."

Liu Hai glanced at Xia Jingxing and knew that the other person had a sense of discretion, so he didn't ask any more questions.

Xia Jingxing said in an emotional tone: "I have a very bad premonition. I feel like there is an invisible net stretching towards me from all directions."

Liu Hai frowned, "It's not easy to develop in this land full of hostility to the Chinese. Fortunately, the enemies are never of the same mind, and they value interests more.

In the past, your differentiation, disintegration and bribery were all effective.

Now that Facebook is ripe and attractive, smart people will make the right choice.

I'm a little worried now. Those hostile eyes saw your defensive posture and simply chose to retract their claws and lie dormant.

The enemy hiding in the dark is far more threatening than the enemy jumping out uncontrollably. "

Xia Jingxing smiled and rubbed the coffee cup in his hand, "You're right. Now I hope they can bravely stand up. It's hard to catch mice that hide their heads and tails."

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In the next few days, Vision Capital, Daxia Capital, the Christina Walsh Foundation, the Enoch Walsh Trust Fund, and the Rockefeller United Family Office, which were registered two years ago, started a series of orders in full swing. Dazzling equity transfer.

According to the plan, Xia Jingxing cut the 35.17% Facebook equity held by himself, Vision Capital, and Daxia Capital into numerous pieces.

First, 10% of the equity was transferred to the foundation registered by Kristina at a price of US$10 billion.

Since Christina did not have that much cash, Goldman Sachs and Morgan Stanley could only provide an equity pledge loan of US$5 billion with a term of 5 years and an annual interest rate of 4%.

The 5-year loan term is not dead, and the loan can be renewed when it expires.

After completing this loan, the Christina Foundation's liabilities will reach an unprecedented $11.2 billion, and it will also need to provide the 18.6% Facebook equity held by the foundation to two investment banks as collateral.

However, the original loan with a principal amount of US$1.025 billion can be released as collateral, including about 10% of Facebook equity and YouTube equity.

The business listed this time does not include YouTube. This online video company has been separated from the Facebook system in order to avoid infringement lawsuits and commercial extortion in the past few years. Currently, the equity is jointly held by Facebook shareholders and investor SoftBank. .

In addition, Xia Jingxing will also inject 5% of Facebook equity into his son's trust fund and the Rockefeller Family Office respectively.

The former is a gift, and the latter is an investment.

The Rockefeller family will unite dozens of families to jointly invest US$5 billion in cash, and together with the US$5 billion worth of Facebook equity assets injected by Xia Jingxing, they will jointly establish a multi-family office with an initial asset management scale of US$10 billion.

After completing the above operations, Xia Jingxing’s shareholding in Facebook was only 15.17%.

They are the 6.29% stake in Facebook directly held by Daxia Capital and the 8.88% stake indirectly held by Vision Capital Liqiu No. 2 Fund.

Liqiu No. 2 Fund currently holds 17.77% of Facebook shares. Xia Jingxing is one of the LPs and holds half of the fund shares.

Xia Jingxing didn't really want to keep the 6.29% equity directly held by Daxia Capital. After some consideration, he decided to get rid of it.

If you want to cut it, cut it cleanly. In the future, you will no longer directly hold shares in Facebook.

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After receiving Xia Jingxing's call, a large number of hedge fund managers flocked to New York from all over the world like pilgrims.

Ma Ziming and Zhang Sanshi, who flew from Hong Kong and Beijing, were the first to visit Xia Jingxing.

When they heard that Xia Jingxing said that he would inject a large amount of assets into their fund, both of them were in a state of confusion.

"Mr. Xia, you said... you want... to transfer Facebook equity to us? As an investment in a new fund?"

Ma Ziming looked at Xia Jingxing in disbelief and almost stuttered when speaking.

Compared to Ma Ziming, who had just turned thirty and was just starting out, Zhang Sanshi, who was nearly forty years old, was much calmer and more mature. After being surprised for a few seconds, he quickly began to calmly think and analyze the real reason why Xia Jingxing did this. intention.

Xia Jingxing looked at the astonished Ma Ziming and said bluntly: "Yes, I need you to set up a special investment fund for me that will obey my command.

What does that mean?

That is, I will hand over the Facebook equity to you to hold on your behalf, and you will follow my instructions whether you sell it or buy it again. "

Xia Jingxing stated his intention very succinctly. He did not want to give the two of them a big gift package, but to find the two of them to be his white gloves, or vest.

This is not the first time Xia Jingxing has done this kind of thing. He has had pleasant cooperation with Peter Thiel and David Einhorn in the past few years.

Ma Ziming was a little hesitant, wondering if Xia Jingxing wanted to recruit him.

As if he had directly seen through the doubts in his heart, Xia Jingxing explained very freely: "Facebook's global users are about to exceed 1 billion, accounting for more than one-seventh of the world's total population.

Such an important social network platform, as a Chinese, I am guilty of cherishing it!

Google has been clamoring to remove servers from mainland China since the end of last year, but I, a Chinese, have been doing a prosperous business in the United States.

We are afraid of comparison in everything. If public opinion is further induced and exploited by those who are interested, there will definitely be a lot of trouble. "

Ma Ziming said angrily: "This is completely a double standard. It was Google that did not abide by the rules of the game, and it took the initiative to withdraw.

Facebook's situation is different. It fully complies with US laws and regulations. "

Xia Jingxing waved his hand, "It's useless to say this, people have to lower their heads when they are under the eaves.

Let alone us entrepreneurs, the country is still hiding its capabilities and biding its time. "

Ma Ziming looked at Xia Jingxing, who was four or five years younger than him, with complicated eyes. He had always thought that Xia Jingxing was a fairy-like figure who dominated Wall Street in the United States and the global technology industry, and his achievements far surpassed those of the world's richest Chinese man in Hong Kong. Unexpectedly, Such a big man also has so much helplessness.

It seems that once business reaches a certain level, politics cannot be avoided.

Although he understood Xia Jingxing's difficulties, Ma Ziming still did not give a hasty reply. Instead, he turned his attention to his mentor Zhang Sanshi who was sitting next to him without saying a word.

Zhang Sanshi had been a mentor to him, and it was this mentor who introduced him to Xia Jingxing, which led to the small-scale Xuehu Capital now. So although he wanted to agree readily and repay Xia Jingxing's kindness, he considered Again, I decided to seek Zhang Sanshi’s opinion.

"No problem. On behalf of Gao Ling Capital, I agreed to set up a special investment fund for Mr. Xia."

Zhang Sanshi didn't hesitate at all. When Xia Jingxing glanced over at him, he immediately agreed to help.

Upon hearing this, the smile on Xia Jingxing's face grew stronger and he said, "I haven't introduced the fund rates yet, so don't rush to answer me."

"There's no need to talk about the rates, Gao Ling Capital won't charge any fees."

Xia Jingxing smiled, "What if I'm not Huang Shiren? If that doesn't work, just follow the market rules."

“Mr.

With a bright smile on his face, Zhang Sanshi added: "Actually, we are not Yang Bailao, and Facebook's equity cannot be obtained by just any person or company.

If you don't mind, I'd like to add Facebook to the list of excellent return-on-investment examples from Sky Capital. "

Xia Jingxing understood that Zhang Sanshi only wanted to gain a good reputation by "investing in Facebook", and he valued fame over profits.

A truly smart man!

There are actually many benefits to doing this. At least it can deceive a lot of people when raising funds. At the same time, Xia Jingxing has to remember Gao Ling Capital.

"Okay, I'll do as you say!"

Everyone was talking about this, so Xia Jingxing naturally had no reason to refuse, it was mutual benefit and win-win cooperation!