Xiao Qi doesn’t feel any uneasiness about the historical deviation of sharing beautiful pictures replacing Instagram.**
He has changed too much history, and he is no less likely to change this one.
If Feng Kelun hadn't come up with this idea himself, Xiao Qi would have asked Hoffman to set up an Instagram company in Silicon Valley before long to bring it to the market.
no way.
The United States has always been the best place in the world for network technology incubation, and only in the United States can these extremely creative ideas be transformed into a large amount of wealth and honor.
In Europe, we can only entertain ourselves and cannot expand to the world.
If it were in China, it would only be piracy. Copying is rampant, and its influence is not even as good as in Europe.
Now that the founding location is Hong Kong, it’s not a big problem.
Because the Hong Kong market itself is very small, Hong Kong's electronics industry targeted the European and American markets from the beginning... Ahem, although they have no successful cases, this goal is very clear.
In addition, Hong Kong's culture is more Western-oriented, so when they create this photo-sharing app, they won't have any English language barriers, let alone any awkward conversion problems between Chinese and English.
Yes.
Feng Kelun plans to focus on the European and American markets. The second choice is the Japanese and Korean markets. The third level is the cross-strait and three places in China. Although this development goal is a bit too realistic, it is still the best development choice at the current stage.
Whenever something is popular abroad, when it returns to the Chinese market, the various phenomena it triggers will become even more enthusiastic. This is a relatively helpless reality, but you have to admit that its existence has practical significance.
.
Historically, Instagram did not expect that it would be so successful at the beginning, so there was some lack of preparation. In addition, it was somewhat conservative and sought stability later on, so it was taken advantage of by Facebook.
Now that Xiao Qi is behind the sharing of beautiful pictures, there is no need to worry about financial issues. Unless it reaches a certain stage, Xiao Qi will not consider going public or selling shares.
There are so many good companies in the world, and of course Xiao Qi will not dominate them all by himself. In fact, he has already made plans. Except for the main industries of the Fairy Series and Xiaoyao Series, which are to be tightly held in his hands, the rest
Companies can use it to exchange interests with others and hold shares with each other to increase the influence of Fairy Company and expand the chain of interests.
Taizu said that only by uniting the majority of people and isolating a small number of enemies can we achieve final victory.
Xiao Qi doesn't need to unite too many people. As long as he has good relationships with some giants in the electronics industry, he will be invincible.
Although Xiao Qi is making a lot of money now and is the richest man in the world, there are many profitable businesses in the world, such as oil, banking, arms, mining, food, medical, electrical appliances...etc.
Therefore, if you are not in your field, others really don’t have the intention to try to knock you down.
Unless you want to seek death yourself and offend most people, your industry will not kill you.
Okay. The topic has gone too far.
Listening to Feng Kexin's reaction when talking about his younger brother in a soft voice, Xiao Qi also heard the deep joy of his elegant and peaceful wife.
When he hung up the phone, Xiao Qi walked back from the terrace and said sorry to a middle-aged man sitting on the chair.
"It doesn't matter, Mr. Qi, you are also busy with many things." The middle-aged man said with a smile.
This middle-aged man is no ordinary man. He is Zhou Wuyiu, the CEO of Hong Kong Exchanges and Clearing.
You may not know much about Hong Kong Exchanges and Clearing, but you will understand it as soon as its abbreviation is mentioned - Hong Kong Exchanges and Clearing!
The Hong Kong Stock Exchange is the only institution for trading stock securities and futures in Hong Kong and is by far one of the most profitable exchanges in the world.
For mainland companies that are interested in listing in Hong Kong, Zhou Wuyao is the most critical figure. PetroChina, CNOOC, CLP, Lianhui, China Merchants, Everbright, China Resources... and a series of names of giants listed in Hong Kong are all
Got involved with him.
But for people like Xiao Qi who look down on the Hong Kong Stock Exchange, Zhou Wuyao is nothing.
In turn, it was Zhou Wuyao who wanted something from Xiao Qi, so he put all his effort into meeting and talking to Xiao Qi.
What to talk about?
Naturally, we are talking about Fairy Company’s listing in Hong Kong.
To be honest, Xiao Qi was shocked when he heard Zhou Wuyao talk about this.
Even giants such as Goldman Sachs, Merrill Lynch, JPMorgan Chase, Morgan Stanley, Citigroup, UBS, etc. now dare not persuade Xiao Qi to list Fairy Company, because there is no exchange in the world that has such a
Throughput.
Without counting other things, the Fairy Company, which owns 80% of Dreampad and all shares of Dreamstars, has a valuation of at least US$500 billion.
Calculating that the number of ordinary IPOs raised accounts for 10%-15% of the total share capital, Fairy Company’s IPO raised funds between 50 billion and 75 billion US dollars, setting a record for the world’s largest IPO.
Such a large amount of funds is definitely not something that a small company like Hong Kong can afford. Considering that it mainly faces Asian investors, it is very likely to lead to a pitiful situation of bankruptcy after listing.
However, after talking for a few more words, Xiao Qi discovered that Zhou Wuyao, who was able to become the CEO of the Hong Kong Stock Exchange, was definitely not a fool. His purpose was actually Xiaoniao.com, a subsidiary of Fairy Company!
First choose an impossible goal, and then retreat to a more realistic goal. Isn't this a method often used in negotiations?
However, even if he knew what Zhou Wuyao was thinking, Xiao Qi was not angry at all. Zhou Wuyao now sits in the position of CEO of the Hong Kong Stock Exchange, so he must have his own interests in mind.
But understanding is understanding, Xiao Qi had no intention of giving him any face.
First of all, it is impossible for Fairy Company's core assets to be listed on the market. This is what Xiao Qi is doing now, and it is also a necessary requirement that will be written into the family regulations in the future.
This is not Xiao Qi's idea alone, this is what Mr. Huo's Huo Xingye Hall does.
The practice of paying the house payment before seeing the house, which is deeply disgusted by ordinary people, is called "selling off-plan properties". This was pioneered by Mr. Huo. With this, he became the first generation real estate tycoon in Hong Kong. He also monopolized 70
% of Hong Kong’s real estate construction projects, 90% of river sand supply, etc., developed 20 years earlier than Li Chaoren!
But Mr. Huo insisted that his Huo Xingyetang not be listed, so that the companies, properties, etc. in his hands did not need to be reported to the stock market regulators. As a result, others thought that his family property was only more than 30 billion Hong Kong dollars. But later, his sons
It was only after the lawsuit that it came out that they had at least more than 60 billion - even this is not the final figure.
A well-run unlisted company can make its own decisions without many restrictions, so it is very convenient.
Moreover, companies that are not listed on the stock market do not have to worry about the violent fluctuations of the stock market, nor do they have to worry about their family's core property being maliciously acquired. This is also the best way to develop in the long term.
Of course, Mr. Huo's other approach, which is that the descendants only receive dividends without dividing the family property, is exactly what Xiao Qi admires.
In fact, Xiao Qi also learned a lot from this wise old man's practices in the distribution of family property.
Then the second point is that although Xiaoniao.com is not the core asset of Fairy Company, it is the private property of Xiao Qi and Shen Wuyan's children. Based on Xiao Qi's understanding of Shen Wuyan, it is even more impossible for her to transfer her It is even more impossible for the company to go public, especially now that Xiaoniao.com has achieved profitability with the support of various programs and various advertising revenue.
However, Xiao Qi's Fairy Guard anti-virus software company has already decided to try it in Hong Kong, so Xiao Qi can also try to negotiate with him.
"In my opinion, the biggest shortcoming of Hong Kong's Hong Kong Stock Exchange is the 'same shares, same rights' policy. This is what hurts the founder team the most." Sitting down, Xiao Qi talked eloquently: "In 2004, Google When Google's IPO went public, it adopted a dual-voting structure. This system has ensured Google's rapid development over the years. And try to think about it, if Google was directed by laymen who knew nothing, how could it still develop today? So good?
For example, Mr. Zhou just now, you talked about my Xiaoniao.com. I worked hard to start a business, but I was deprived of my power within two years of listing, and then I watched them mess with my hard work... I will definitely not agree to this. If I come to Hong Kong to list, even if there are language and cultural differences, I will still choose the United States!"
Zhou Wuyao smiled bitterly when he heard this: "Many people have said this question about you, Qi Shao. But you only think about the founder team, don't you think about the investors who bought your stocks? Reasonably let every investor Everyone enjoys their own legal rights. This is something that we at the Hong Kong Stock Exchange firmly defend. If you want to change it... it is very difficult!"
"But it is always the founder team that I am talking about that decides where the company will be listed. The interests of the founders must be guaranteed first, and then later investors can share. If you don't even list on your company, what else can you share? What's the benefit?" Xiao Qi spread his hands and said, "So, we have different ways and we don't want to work together."
The policy of the Hong Kong Stock Exchange is that all stocks, regardless of type, are entitled to one share, one vote. If the share exceeds 51%, the chairman will be removed and he will take the top spot.
But the United States is different. Many companies, such as Google, Facebook, LinkedIn, etc., all adopt Class A and Class B stock structures.
Class A stocks are ordinary tradable stocks, with 1 share and 1 vote, but Class B stocks have 2 votes, 5 votes or even 10 votes per share. For example, what Tang Mingxiang promised Zuckerberg was to let him take Class B shares and buy them himself. The 40% stocks listed below are just ordinary Class A stocks.
The most exaggerated thing is zynga - the social game company that was replaced by Xiao Qi's coolgame. The founder Pincus used triple voting rights. One share of Class C stock in his hand is equal to 70 votes! And this guy actually controls all Class C stocks, Xiao Qi didn’t even know why Nasdaq and investment banks agreed to this voting rights structure.
Alibaba, which has always wanted to create an IPO miracle in Asia, originally wanted to cooperate with the Hong Kong Stock Exchange so much, but why was it not listed on the Hong Kong Stock Exchange in the end?
It is because the Hong Kong Stock Exchange rejected the dual voting rights structure proposed by Alibaba at the end of 2013 that Ma Yun could only go public in the United States. As a result, the Hong Kong Stock Exchange missed out on a super Internet giant with a market value of more than 200 billion US dollars!
Only then will the Hong Kong Stock Exchange learn from the experience and gradually change their rigid thinking.
Now...
There is no physical pain. It is really difficult for them to change!
Zhou Wuyao has a deep background in HSBC Holdings.
HSBC, a long-established super-large investment group in the UK, has always been known for being conservative, and Zhou Wuyao also has this habit.
Therefore, no matter how much he wanted Xiao Qi to list his company in Hong Kong, he never thought of changing the regulations for Xiao Qi.
But Xiao Qi doesn't care. Anyway, old-school managers like Zhou Wuyao will be announced to resign in 2009 and 2010 because of their ineffectiveness in the financial crisis in the past two years. He will be replaced by the Asia President of JPMorgan Chase. , then the person Xiao Qi will mainly want to negotiate with is that person, not him.
Xiao Qi is not in a hurry anyway.
Before Fairy Guardian occupied more than 50% of the share of smart electronic devices, Xiao Qi would not have been able to put it on the market.
Profit maximization is what a businessman should pursue.
Like Penguin, it was only a few hundred million when it was listed, but later it grew to hundreds of billions. Isn't this a clear advantage to others?
Moreover, another point is that Xiao Qi is also preparing to ask the Hong Kong Stock Exchange to change the regulation that the tradable shares must reach 25%.
Bloomberg is controlled by Mr. Bloomberg. He will hold more than 90% of the stocks in the future, and Bloomberg has not developed well!
Why is there such a rigid requirement that the outstanding shares must be more than 25%?
Everyone wants good stocks, but no one wants to sell them. This is normal!
Could it be that when someone else buys my stock, my major shareholder knows it is going to rise, but still has to use it without making any money to maintain 25% of the circulating share?
On the other hand, aren’t you going to take money out of my pocket and give it to others?
The founder is willing to share the wealth with investors.
But if it goes beyond the scope of reality, it is considered robbery and does not fall within the scope of normal cooperative transactions.
But that’s what I think, but the actual operation still requires strategy and patience.
The various stubborn habits of the Hong Kong Stock Exchange are just like the British who once influenced them. If you want to completely change their thinking, you still need to work hard and slowly. (To be continued...)
ps: Thanks to rotesen, shalex, tychu, Fengtian No. 7, Fouji Tianjun, Iron Man and other brothers for their recent rewards. Thank you to all the brothers who have subscribed and liked the monthly tickets!!