My Age of Investment

  Chapter 855 Leveraged Buyout

  "Go to South Korea to buy a game company? Two acquisitions?"

  Hinainet meeting room, Xu Xin was surprised when she heard this very sudden decision.

  Lin Xinhe, Zhu Min, Chen Hong, and Deng Feng were also very puzzled, but they did not rush to express their opinions, and they were ready to listen to Xia Jingxing’s explanation.

Xia Jingxing did not say a word, looked up at the electronic screen on the wall, and asked: "Shirley, can you hear our conversation clearly?"

  Shirley Sandberg on the screen is sitting at home, smiling and waving to the camera: "No problem, I heard it clearly."

  Facebook holds 15.71% of the shares in Hainei.com, and is the second largest shareholder after Envision Capital, so it will attend every board meeting.

  Kristina is pregnant and is already cutting her workload, so Shirley represented her at this meeting as Facebook COO.

   "I should have told you before that if the huge user base of Hainei.com is to be transformed into real profits, it is necessary to deepen its efforts in advertising and games.

  The open platform can be regarded as our advertising business. In addition, we are also setting up an advertising sales team. We plan to undertake some brand advertising starting this year and officially start the road to commercial realization.

  Game business, I believe the results of "Happy Farm" have proved everything. The huge user base as game traffic will bring explosive results to the game.

  Penguin has set a good example for us, we only need to follow the road of "social + gaming". "

   "Mr. Xia, I am not opposed to playing games on Hainet."

  Speaking of this, Xu Xin paused, and tried to calm down and said: "Games are a promising business, there is no doubt! But are our steps too fast and too big?"

  "At present, the domestic game market is showing a trend of "one super, many strong", but the pattern has not been completely formed, and all peers are striving for the upper reaches.

  We are not marching at this time, when will we have to wait? "

  Xia Jingxing frowned and said, “Everyone has been asking me about the listing plan of Hainei.com. Now I can tell you clearly that when the profits generated by the game business can turn Hainei.com back into profit, the time to go public is ripe.”

  Xu Xin shook her head lightly, and did not speak any more. She felt that Xia Jingxing was too aggressive and did not consider the actual situation of the domestic network at all. She took too much steps.

  No one spoke, the room instantly became quiet, and the atmosphere became awkward for a while.

   Seeing this, Lin Xinhe smiled and came out to complete the battle: "Mr. Xia, don't be angry, Mr. Xu is actually considering the stability of the company.

  As a shareholder, who wouldn’t want to ring the bell for an early listing on Hainet?

   But having said that, this year, the domestic network has indeed gone too fast, and there is no time to consolidate the market soon.

  Penguin is eagerly watching Hainet.com, Qianxiang is unwilling to fail and hung in the dark. As long as the Haiainet is slightly frustrated, the two companies will definitely pounce fiercely.

  My opinion is that we have to do the game, but we have to do it step by step, every step is steady.

  In addition, the basic business of SNS should be paid more attention to. This is our basic disk and the foundation of everything. "

  Xia Jingxing shook his head and said loudly: "There is no contradiction between doing games and SNS business, we can catch it with both hands."

   "I know I know, President Xia, don't get excited."

  Lin Xinhe waved his hand quickly, smiled and said, “But there is a priority in doing things, and you can’t have both fish and bear paws.

  Mr. Xia, how about we act for a game first? Practice your hands first. If the effect is satisfactory, we will increase our efforts immediately.

  During this period, we can also mature our open platforms, advertising sales, and social games.

  At that time, the domestic network market will be stable, and we have sufficient funds. We will fully enter the game market, whether it is Shanda or Ninetowns, we will not be intimidated when we encounter them, let's face them head-on! "

  Zhu Min, Deng Feng, and Chen Hong all nod their heads. These remarks are words of the old and serious, and they are developing steadily and not giving their opponents a chance at all.

  Xia Jingxing sighed: “Hainai.com has fought so many tough battles in the past year, and it’s okay to advance several sectors at the same time.”

  Lin Xinhe smiled without talking.

  Xu Xin sighed in her heart. She felt that the current Xia Jingxing was a little erratic, and she was too anxious to get it done, and the team under her hand was regarded as an iron man.

  However, there are some words that are not suitable for her. After all, the relationship is far and away, and she doesn't have much weight, Xia Jingxing can't listen to it.

  Zhu Min coughed: "Jingxing, as an old school elder and big brother, I have to say a few words. The words may not sound so nice. Don't be angry."

  Xia Jingxing smiled bitterly: "Big Brother, who do you think of me, I'm not that stingy."

  Zhu Min smiled, "Then I can talk!"

   "Say it!"

   "I really said it."

  Xia Jingxing was so tempered that he nodded repeatedly.

  "The data of farm games is rising rapidly, far from reaching the peak. Later, orchard and ranch games are waiting to be launched. These are the casual games and social games you mentioned. They are the foundation of a stable domestic network and can increase user stickiness.

  Currently, these games have not been monetized. When the virtual currency is online, can I start selling game items? "

  Xia Jingxing nodded.

  Zhu Min spread his hands and said, "This is not the end, the games we develop ourselves can also make money, and they can also exercise the game team.

  In addition, developer sharing, advertising sales, which can not make money?

  We already have a few good cards in our hands.

  Think about it, how much has the team size increased in the past year on Hainet? Can you behave like before? "

  Xia Jingxing opened her mouth slightly and was about to speak, but Zhu Min waved her hand to stop her: "You listen to me first! I know you want to attack quickly, occupy market share in several sub-sectors at the same time, and gain a strategic advantage.

  But if you open your mouth, the people below will break their legs! Can management keep up? Will there be any deviations in the execution process?

  Ten birds in the forest, it is better to have one bird in your hand!

  I have studied Penguin recently. They launched the QQ game in 2003 and mainly promoted casual games such as chess and cards, and then acted as the agent of the first online game "Triumph"...

  Developed for more than three years and nearly four years, Penguin can barely squeeze into the second echelon of the game. Compared with the large-scale online games of NetEase and Ninetowns, Penguin's online games are simply not available, and the advantage lies in the casual game.

  The water for large-scale online games is very deep. Penguin has been developing for so many years and hasn't been in the room. We have only launched casual games for a few months, completely new to the game.

  Hainai.com is like a recruit who just entered the battlefield. Because he killed an enemy, he was immediately appointed to command a regiment by his superiors. On the surface, this is not a problem, but in fact there are many problems. The combat and command modes are completely different. "

Except for Xia Jingxing, the people present were nodding their heads. Zhu Min’s remarks clearly analyzed the domestic network at this time. On the surface, playing the triumphant song is actually almost beyond the level. It’s time to slow down and practice internal skills. It's time.

  Xia Jingxing pursed his lips and did not speak, he was actually thinking hard, and Zhu Min's remarks woke him a lot.

  In terms of the pace of development, Hainei.com is even faster than Facebook. As soon as it develops, many of the company’s problems will be hidden under the beautiful report card.

  Especially when he runs around from time to time, the Kangaroo King is taking care of him inside and outside the company alone.

  It is not that he underestimated Huang Xin. Huang Xin at this time was far from being the kangaroo king with a million knights in the future. The company's scale is rapidly expanding, and the management problems that follow are a big problem that plagues every manager.

  Have a good product and promotion plan, whether the implementation is in place will determine the ultimate success or failure.

  Next, there will be more heavy blame on Huang Xin's shoulders, can he resist it? this is a problem.

  However, the two games are not going to be launched soon. There is a certain buffer period during which the team can be reorganized.

  President Xia Jing exhaled, “Brother Zhu Min, you are right, I am too optimistic.”

  Seeing that Xia Jingxing finally bowed his head, the shareholders present were relieved.

   But Xia Jingxing's next sentence made them think again.

   "But I still want to acquire two game companies."

"why?"

  Deng Feng stared at Xia Jingxing, frowned and said, "Can't it be later?"

  Chen Hong nodded: "That's right, Jingxing, we didn't let you do it. The current Hainet.com has no money to support overseas acquisitions.

  Wait for the development of the domestic network to a higher level, let's talk about it! it's OK? "

  Xia Jingxing sighed: "Hey, then I will let Envision Capital come forward to buy it!"

  Chen Hong thought that Xia Jingxing was talking angry, so he quickly calmed and said: "Oh, don't breathe, it hurts your body!"

   Then Chen Hong looked at the other shareholders and said: “It’s really not possible. Just buy a company. I think that Shimankai is smaller in scale. Take this one. Let’s try the water.”

  The other shareholders all heard that Chen Hong was in a relationship with Xia Jingxing, but no one wanted to make the relationship with Xia Jingxing stiff, and they all agreed.

  Even Xu Xin, who has the strongest opposition, expressed his stance: “Then buy one. Let’s run it for a year. If the effect is satisfactory, then we can take another one.”

After listening to the translation, Shirley on the screen said: "This plan is relatively safe, and from a financial point of view, it is also the most suitable plan for domestic networks."

  Hearing what Shirley said so directly, the shareholders present were a bit embarrassed.

  Money is not an absolute factor, but it also accounts for at least half.

  Several of their institutions are new funds, and each of them has staked tens of millions of dollars on Hainei.com, and their positions are very high.

  At the same time, the valuation of the equity investment is not cheap. If another round of capital injection, and the game business falls into a fight, it will be very passive.

  Thousand Oaks’ big pit has really made the domestic venture capital industry vigilant, blindfolded, and doomed to cry.

  Xia Jingxing actually expected that today’s meeting would have such a result, after all, no one was rich except him.

  And the acquisition itself is risky. No one can predict what kind of gold mine the two games and the development company behind them will be.

  Shareholders are conservative in their thinking, but they are actually quite normal.

  Xia Jingxing said lightly: “Let’s take the acquisition by Envision Capital, and then authorize the game to the agent of Hainet.”

   "How is this good?"

  Lin Xinhe waved his hand, “Mr. Xia, don’t we take the advantage of Vision Capital?”

  Xia Jingxing smiled and said, "The major shareholder, take more responsibility."

   "Mr. Xia, you don't have to be like this."

  Xu Xin felt that Xia Jingxing was outraged and protesting that they did not support the acquisition.

  She and Xia Jingxing looked at each other, and said with a serious expression: “No matter whether the game industry or other industries can be accomplished overnight, please think twice about it.”

  Xia Jingxing rubbed his eyebrows. I won’t let you do this, and I won’t let you do it. What do you want to do?

  He can actually guess some of Xu Xin’s thoughts. This eldest sister turned her anger on her after worrying about the failure of Envision Capital’s acquisition.

  Several high-quality companies invested by capital today are deeply affected by Vision Capital. If the cooperative relationship between the two parties deteriorates, it is not a good thing.

   "Yes, Jingxing, don't be impulsive!"

   "Think about it again. PE funds don't operate like this. It will be troublesome for you to withdraw in the future."

   "Why bother, step by step!"

  ……

  Zhu Min, Chen Hong, and Deng Feng all spoke kindly to persuade each other.

  Xia Jingxing waved his hand: "You don’t need to persuade me, I have decided, so I’ll do it!"

   "Oh, are you willing to participate? You can invest some money, and everyone will form a Chinese-funded consortium and go to Korea to buy together."

Xia Jingxing scanned the surroundings, no one said a word, and then he laughed: "I'm joking, everyone is waiting for my good news. The domestic network must be done well, and the game business must be operated. We must both grasp it. Both hands must be hard!"

  It's hard for everyone to object to Xia Jingxing.

  At the same time, they also understood Xia Jingxing's determination. In the final analysis, they have no right to intervene in the matter of Vision Capital.

  After the meeting, everyone left.

  Xia Jingxing sat alone in the conference room, silently thinking about the next solution.

  If the shareholders of Hainei.com are unwilling to contribute, then Envision Capital alone will have to bear all the funds required for the acquisition.

  However, Envision Capital is out of money.

  Of course, this refers to surplus funds. At a critical juncture, disrupting investment deployment can still extract part of the funds, such as the four billion securities assets held in A shares.

   However, he dared to boast that he went to Haikou, and naturally there was a solution.

  He has passed with Belanke Fan. Goldman Sachs will contact Envision Capital to match up several Korean banks to leverage the acquisition of Neople in the form of "a small amount of cash + equity pledged loans + issuance of high-interest bonds".

  While Shimankai is not good, it has no cash flow and profit, and cannot use leveraged buyouts. It must be purchased with real money.

  Use Korean bank money to purchase Korean assets, which is a necessary quality for a mature financial company.

   "Boom~"

  Xia Jingxing heard the knock on the door, looked up, and asked: "Why are you back?"

  Chen Hong smiled and said, “How much does it cost to acquire? If you get too much, you can’t get it, and it can support you with 20 million US dollars.”

  There were too many people present before, and Chen Hong was not good at expressing his attitude so as not to embarrass others.

  So, he sat in the car that went to the parking lot for a while, smoked a cigarette, and he came back.

"You have a good vision, you are going to make a lot of money!" Xia Jingxing said with a smile. Chen Hong was willing to place a heavy bet on him. Hainei.com and Fuxing Mobile invested money. Now he is going to South Korea to buy games. Keep following.

   "I don't know Korean game companies, but I believe you." Chen Hong stared at Xia Jingxing.

  Xia Jingxing smiled slightly, now it's good, even the start-up funds for leveraged buyouts are available.

  (End of this chapter)