Chapter 406 Goodbye Charlie Li

Author: Banlou Yaofeng

Chapter 406 Goodbye Charlie Li

After staying on Wall Street for a few days, Qu Li met Charlie Li, which was a bit unexpected.

"Didn't you just acquire TVB?" Qu Li asked curiously. In September last year, Li Jiajie, the son of another wealthy man in Hong Kong, wanted to acquire 26% of the equity from the Shao Yifu family, the controlling shareholder of TVB, for HK$9.2 billion, but the actual controller Fang Xuehong did not agree.

In January this year, when Qu Li was still in Davos, Charlie Li announced the acquisition of all the assets of the Shao Brothers. This company holds 26% of TVB shares and real estate worth billions of Hong Kong dollars. The actual amount of this acquisition

It should not be higher than HK$10 billion.

"I'm not like you who can mobilize tens of billions at any time. This time I went to Wall Street to raise money, but since we met, we might be able to negotiate a business." Charlie Li

"Nonsense, how can I have so much money, what kind of business can I talk about?" Qu Lizhen didn't think it was necessary for Charlie Li to cooperate. He also had the richest father, so it was strange that the Li family had less money than him.

Charlie Li did not bother with Qu Li about whether he had money. Not to mention Vision Investment, Jumei’s cash flow made him very envious. For example, Jumei’s self-operated business initially required money to purchase goods, but now many products require signed contracts.

The goods will be shipped here, and payment will be made 60 days after the sale. This 60-day account period can be used for investment, such as buying Yu'E Bao, or building logistics and doing cloud computing.

These ideas are somewhat traditional. As a start-up company, when the operation is not stable enough, in order to avoid the risk of runs, Qu Li dares to buy Yu'e Bao at most, so long-term investment relies heavily on profit expectations. For example, when he went to Wall Street this time, Jumei CFO Bian Liang

Already come here to issue $1 billion in corporate bonds.

Shopee's performance exploded in the last fiscal year, but profit margins plummeted in the second half of the year, requiring a large amount of additional funds to maintain overseas expansion. You must know that Amazon is hindering this, and it is more troublesome to negotiate with overseas brands. Many of them need to spend money in advance to purchase goods. Including Li & Fung.

The cooperation with this traditional supply chain enterprise also had many difficulties. After Sun and Moon Fenghua sold the "Danlin" brand, it increased its investment in supply chain management and began to partially replace Li & Fung's functions.

None of this has anything to do with Charlie Li. He has no share in the family business anyway. Before Li Bancheng split up the family, it seemed that Charlie Li really didn’t have much money. Ahem, having no money is relative.

Charlie Li's so-called cooperation is to let TVB enter the country. This is something that even Rupert Murdoch can't do. He wants Qu Li to do useless work. He looks down upon him too much.

"How about you buy the land in Clear Water Bay and sell it to you at the original price of 2.5 billion." Charlie Li

Is this really his purpose? It turns out that Charlie Li acquired 26% of TVB's shares for 6.3 billion and acquired the land for 2.5 billion. There should be a premium, right? Fortunately, Charlie Li signed a contract with Shaojia but did not deliver it. If Qu Li wanted to buy it, he wouldn't have to

Pay the deed tax once more if you transfer the property through him.

Qu Li thought that he should have taken advantage of PCCW's acquisition, so he thought of returning the favor this time and agreed to Charlie Li.

Charlie Li is naturally happy, as his financial pressure is suddenly reduced a lot. Although Pinebridge Capital, a New York asset management company, manages US$80 billion in assets, it is not under his control after all.

After talking about business, we started chatting about gossip. Qu Li’s achievements will naturally not be ignored by the Hong Kong media. He is the third man to be named Time Magazine’s Person of the Year. He was born as an orphan. No matter how you look at it, there is a sense of legend flowing through him.

.

"It is said that some people are worshiping you, saying that you are the God of Wealth, and want you to bless them with wealth..."

"..." Qu Li looked embarrassed. He still killed Mat Ya's father, and now he has become the God of Wealth. He won't transform into a cultivator in the future, right?

"Are you really going to donate 5 billion US dollars?" A child from a traditional wealthy businessman family like Charlie Li has no feelings for a big country, and he doesn't know how to show off his wealth except to show off his wealth.

"Of course, words spoken in public are like water thrown out. I dare not take them back."

"Why did you just..."

"Is that so hard to think about?" Can Qu Li say that in order to cater to readers, he doesn't dare to let venture capital investors get too many shares? Can't he? He has no choice but to do charity, which can also enhance the brand and quality of the company.

"What projects are you going to invest in?" Charlie Li asked from a different angle.

"I haven't thought about it yet. If it weren't for promoting Honor to be listed on Nasdaq, I wouldn't have made it public at this time. Nothing is ready." Qu Li and Charlie Li are not friends, so naturally they can only say part of it.

The truth”.

The two chatted, and Qu Li learned that the land was in Clear Water Bay, which was close to the sea. It could be used to develop a data center.

“The price is a bit high,” complained Peng Haichao, CEO of Yingda Real Estate.

"House prices in Xiangjiang are still rising, and acquisitions at a premium are normal..." Qu Li didn't believe it. He found out that in 2009, when Shao's was privatized, the total price of three pieces of land in Clear Water Bay was 2.75 billion, and a small piece of land was sold at a low price of more than 100 million.

Give it to your own people and sell the rest for 2.5 billion. There is really no premium, but this land may have restricted uses.

"We invested our funds in Chengdu, but now we don't have so much money."

"So you can't do it?" Qu Li suddenly realized that he was stupid. He was about to hang up the phone when he was commanding a Sun Company through several layers of relationships.

"Yes!" The person on the phone shouted quickly: "The shareholders of Yingda Real Estate are too single. The current market value is less than 5 billion Hong Kong dollars, and the current cash equivalents are more than 2 billion. What I mean is that if we want to acquire the Clearwater Bay land

If you have enough money, you can increase capital and buy shares. Last year, the revenue and profit of Yingda Real Estate both dropped, so the stock price is very low, but when the Yinghe Center in Chengdu opens..."

After a long explanation on the phone, Qu Liming understood. If they bought Yingda Real Estate at the current market value and sold the company's assets, they should be able to make more than double the profit. As long as their commercial real estate project "Yinghe Center" succeeds

, it is easy to double the market value.

Of course, Qu Li is not so easy to fool. After looking at Yingda Real Estate's total liabilities, it is close to 6 billion Hong Kong dollars, which is similar to the cash flow at the beginning of last year. Yingda Real Estate did not open many new projects last year. In China, there is Yingke Center in Beijin.

Projects such as Cyberport also have properties. The fixed assets are about 6 billion. The market value of HK$5 billion is not high. If you really want a premium, you have to consider whether the team can bring sustained profitability.

Commercial properties like China Resources Vientiane City are definitely profitable. The question is whether the current team has the operational capabilities and whether they can generate value with so much money handed over to them.

"You prepare a plan first, Sun Jianhe and I will discuss it." Qu Li said a few words briefly and hung up Peng Haichao's call.

After leaving New York and flying to Silicon Valley, Shopee President Wang Yunliang is in Silicon Valley at this time. It is not easy for anyone who has started a family to work abroad. Fortunately, under the rotation system, Jumei, Juhuasuan, and Jumei Logistics

The four departments are adjusted every three years, and he can only work in Silicon Valley in the United States for three years at most.

After chatting with Wang Yunliang, Qu Li, who was about to return to China, suddenly received an invitation from Qiaobusi and stepped into Apple again.
Chapter completed!