18th of May.
An hour before the financing of Far away PP and its related industries, Far Away announced the financial report of the spin-off industries.
PP and its related industries, in the first quarter of 2009, had a total revenue of 3 billion RMB and a profit of 1.4 billion RMB during that period.
The internet industry, especially the profitable internet industry, would definitely have a high profit margin once it was profitable. This was almost the norm in the industry.
As long as the company was on the right track and started to make profits, the ratio of expenditure to income would be very low.
This was also one of the reasons why the market value of internet companies was so high. They burned money in the early stages and as long as they grew bigger, they were almost guaranteed to make money.
This was the financial report of the first quarter of the spin-off industries Far Away. Tencent's financial report for the first quarter had actually been released a long time ago.
At that time, Far Away had not made a move against Tencent. Due to the overall expansion of the market, Tencent's financial report for the first quarter was actually very good.
In the first quarter, Tencent had a total revenue of 2.5 billion RMB and a profit of 1 billion RMB during that period.
Looking at the first quarter, Far Away's revenue and profits had actually exceeded Tencent. It was not that Tencent was weaker than Far Away at that time. The key was that Far Away's gaming industry's profits were much higher than Tencent's.
Take CF for example. After Tencent's profits, they still had to give half of it to Far Away. This was the main reason for the difference in revenue and profits between the two.
If the first quarter's financial report was released after the merger, according to the financial report, the first quarter's revenue would be 5.5 billion RMB and the profit would be 2.4 billion RMB.
But in reality, one could not simply add the data together.
One could not assume that Tencent's revenue and profits would decrease just because Far Away was defeated in the second quarter.
In reality, with the merger and reorganization of the two, there was a monopoly in the instant messaging industry. In the gaming industry, Far Away and Tencent had truly become the industry's number one. After the merger of the two, their market share would greatly increase.
The bigger the industry, the wider the prospects for development. This was obvious to all.
Far Away and Tencent's reorganization might require some time to complete the integration of resources. After the end of the second and third quarters, in the fourth quarter, almost everyone in the industry felt that Tencent's revenue and profits would achieve a big breakthrough.
At that time, the total revenue of 5.5 billion in the first quarter would not be comparable to it.
According to the evaluation of professional organizations and the previous growth rate, if the integration of resources went smoothly, it would not be surprising for Tencent's revenue to reach 10 billion RMB in the fourth quarter of 2009.
As for profits, the profits of monopolies would only increase and not decrease.
Based on the previous ratio, the fourth quarter's profit will not be less than 4 billion. For the whole year, New Tencent Group's profit will exceed the 12 billion mark.
Based on the static P/E ratio, according to the Tencent ratio, last year's total profit was only about 2 billion RMB. This year, before the crash Far Away, the market value had already exceeded the 150 billion HKD mark.
Don't calculate too much. Just look at the data and use the static P/E ratio to make a comparison. In 10 years, the market value of New Tencent Group will reach 900 billion HKD!
If converted to USD, it would be worth 120 billion USD.
…
This data was widely circulated on the Internet.
How did it spread?
Who helped him calculate it?
All the investors in the banquet hall and all the investment banks were staring at that shameless guy on the stage. Other than him, who else could have said it?!
Which company can maintain this P/E ratio after reaching this scale?
Also, who said that this year's profit will exceed 12 billion RMB?
Do you think it will break through just because you say so?
One plus one is not necessarily greater than two. The scale of the entire market is here. Do you think it will be greater than two just because you say so?
Many of the heads of investment banks were speechless. They stood silently below the stage and watched Li Dong's passionate speech on the stage.
On the stage.
Li Dong danced with joy and said bitterly: "The next few years will be the golden age of the Internet industry!
No, a few years ago, someone said that the Internet is the golden age. Then the next few years will be the diamond age!
Especially with the arrival of the mobile Internet era, just a WeChat is not something that can be reflected in tens of billions of USD.
In 10 years, Far away, Tencent will bring unimaginable wealth to everyone!
Next year, even if Tencent does not achieve a breakthrough, the market value will exceed 120 billion USD or even 200 billion USD!
But now, there are still people who are hesitating and think that the price is too high?
Everyone, everyone wants to make money, but we should not be too greedy!
All the investment companies that had followed me, Li Dong, had made lots of money. Just look at those Series A funding companies on Weibo. They are not even listed yet, and they had made lots of money.
How long has it been?
Only one year!
Tencent will be reorganizing and resuming trading, and it will take at least 6 months to 3 months!
In less than a year, you all will get 300% or even 400% returns. Who is not satisfied with such returns?
Don't say that I, Li Dong, am bragging. Those who say I am bragging are all under my feet now!
Whatever I say, there's nothing I can't do!
I had said that Shopping Mall will be the world's number one e-commerce platform, and it will happen soon. Although the second quarter is not over yet, based on April and the first half of May, we had surpassed Amazon!
I had said that Weibo will be the world's number one social media platform, and we have achieved it. We have surpassed Facebook and other social media platforms.
Do you all think that I am bragging?
I had said that Tencent will be worth more than 120 billion USD next year. Who doesn't believe me? Step forward now!
All the cameras are pointed at him. This year, you all can stand here and say that Li Dong is bullsh * t!
Don't worry. I will not look for trouble with you. Next year, I will make the video public, and you will be ashamed!
It is only 2 billion USD, and it is not just one company. How dare you doubt me, Li Dong!
For so many years, those who doubted me have either lost their jobs or are filled with regret. They regret that they didn't believe in me and didn't follow me. Otherwise, who wouldn't be making a fortune now? "
Li Dong continued. "Today, I will buy 300 million shares and 2 billion USD. You all can decide for yourselves.
To put it bluntly, many people are fighting to invest in me. Many people even called me to ask me not to make the video public and just distribute the shares.
2 billion USD is nothing. There are many rich people out there.
If it wasn't for my promise of sharing this year, do you all think you all still have the chance to bargain with me?
Also, as we will be resuming trading in Hong Kong, I will be biased towards Hua Xia's branches in China and Hong Kong. I will give you 180 million shares and 120 million shares for foreign investors.
If you are fast, you will get it.
I like people who are efficient. You all can go and register now. You all don't need to ask about anything else. If you all want to check the information, we have the information for you.
You can buy the shares today, and the money will be in your account within 3 days. The contract will be signed, and you all just need to count the money.
Don't talk to me about voting rights and management rights. Same old rules. They are all ordinary shares.
If you don't care about efficiency when making money, then why do you care about efficiency?
Make it quick. The faster you settle it, the sooner you can resume trading. If you can settle it in 3 days, we will resume trading in 3 months.
Well, that's all for now …
By the way, I forgot to say that there is a limit. The limit is different according to the strength of each company. We will not hide it. We will definitely welcome those who are strong and have a greater influence.
As for those who are weak, there is nothing to say. Some people say that I don't lack money, but it's useless to have influence.
When we go public, you can't help or say anything. It's useless to have money. You have money, but I, Li Dong, don't have money?
If it's just for money, why would I come to you? I can just go to the bank to borrow 10 billion yuan, and the bank won't lend it to me.
Don't make it too complicated for 2 billion USD.
If you are not here, there is no need to hold this financing meeting. Is it necessary to make it so grand? "
Li Dong said disdainfully and walked down the stairs. He said to Liu Hong, "No need to make a speech. It's a waste of time. That's all. Start registering now. Those who can't put down their pride can contact us privately after the meeting. But it's hard to say if there will be any shares left. "
Hearing this, everyone fell into a state of silence.
Damn it. I have never seen such a financing method!
You don't even show us the information or talk about the future prospects. You just start to subscribe on the spot. Do you think 2 billion USD is not money?
No one refuted Feng Yu's words.
There were some things that everyone knew whether or not they should be said.
If you think that everyone will spend money just because you boast on stage, then you are the one who underestimated your own business.
As for Li Dong, he had already finished boasting about what he should have done.
A few days ago, he told MIH that the market value of 50 billion USD next year would not be a problem. Today, Li Dong boasted that the market value was more than 120 billion USD. How else could he boast?
No matter how much Liu Hong said, they did not dare to say that the market value of 120 billion USD next year.
Not to mention Liu Hong, even the real business tycoons in the world did not dare to say this.
Now, Google was the world's number one internet company with a market value of more than 140 billion USD.
According to Li Dong, Tencent might surpass Google next year and become the world's number one.
Since when was the world's number one so cheap?
…
The managers of the investment banks were discussing in low voices.
As for Li Dong, he didn't care about them. He walked up to Ma Yun and the rest, holding a wine glass and said with a smile, "I've let you guys see a joke. It's such a small matter, yet you guys actually came personally. If I didn't know better, I would have thought that you were here to cause trouble. "
Ma Yun sneered, "I'm not like some people!"
When Taobao was financing, Li Dong had caused trouble, and it was a very serious act.
That time, the financing was almost ruined, and Ali was almost caught in a pincer attack.
Fortunately, Ma Yun was able to handle it and even sped up the financing.
This time, when Li Dong was financing, Ma Yun definitely did not have any thoughts of revenge.
But how the f * ck did Li Dong finance it?
He did not even have the chance to cause trouble!
Not long after they came in, Li Dong started boasting on stage, and no one dared to interrupt.
Now, Li Dong was done boasting. What else could they say?
Although the people in the investment bank were still discussing and had a hesitant attitude, Ma Yun and the others were all experienced people. How could they not see it?
If they were really not interested or satisfied, they would have to leave on the spot based on what Li Dong had said.
Now, everyone was saying that Li Dong was too good at bragging and bullsh * tting, and that money was no longer money when it came to him …
But since they were so dissatisfied, why didn't they leave?
All of them were still squeezing towards Liu Hong and the others. What the hell were they squeezing for?
Ma Yun and the others were jealous and envious, but they had to maintain a nonchalant attitude on their faces.
Li Dong had an indifferent attitude, as if it did not matter whether he had two billion USD or not. If outsiders like them cared more than Li Dong, wouldn't it be too embarrassing?
Ma Yun, Li Yanhong, and the others tried their best to hold on. Liu Qing was a junior anyway, so she didn't care about this. At this time, she couldn't care too much. She smiled and said, "Director Li, 2 billion USD is nothing to you, but for us, this is an astronomical figure …"
Before she finished, Li Dong said unhappily. "You are still calling me General Manager Li, General Manager Li? Never mind. Don't be so polite with me.
Never mind. Let's not talk about this.
You think two billion USD is too much? I did not ask you to pay.
Let's not talk about whether Goldman Sachs can take out so much money now. Even if they can, I did not ask you to pay.
We have relaxed the quota for big investment banks. 30 million shares is the maximum.
It's just 200 million USD. If you have the ability, buy more shares. If not, buy less. I did not force you.
Don't bargain. It's meaningless.
And to be honest, niece, it's not your money. Why are you so concerned about it every time?
Boss Liu did not bargain. It's his own business. Why are you haggling for outsiders?
If it were not for Goldman Sachs, which has some influence in Hong Kong's financial market, none of them would have been able to enter this time.
The price is not negotiable. As for the quota, if you are really interested, I can float a few million shares for you. You don't have to say anything else. "
Liu Qing looked helpless. If there was one person that financial institutions hated to deal with the most, it would be Li Dong.
Li Dong was the company that she hated to finance the most!
But the one she liked the most was Li Dong.
Because Li Dong could bring them to make money, but his mouth was too sharp and his personality was overbearing.
Of course, overbearing was also based on a certain foundation.
If Li Dong dared to be so overbearing before his rise, even if his company went public, even if its revenue and profits were up to standard, these investment banks would have ways to make him suffer.
But it was different now. As Li Dong said, with his fame and status, others would invest in him even if they did not invest in him.
If they did not want to invest in him, others would.
As long as he thought it was expensive, others would think that there was money to be made.
If you wanted to destroy it, the first person you would face was not Li Dong, but your peers who had invested in Li Dong.
Although Tencent had nothing to do with Weibo, if someone wanted to destroy Tencent, those investment banks who had invested in Weibo would not agree, because it was related to the entire industrial chain Far away.
In this case, Li Dong naturally had a strong capital.
No one said much to Liu Qing. Seeing that there was no way to destroy the financing, Ma Yun and the others gave up.
Ma Yun drank his wine and said with a little curiosity, "30 million shares. The financing alone is 200 million US dollars. Li Dong, how many shares does Ma Huateng have now?"
As soon as this was said, many people became interested.
Ma Huateng had owned 14% of Tencent's shares previously, and he had almost 240 million shares. If he maintained this share this time, the value of his shares would reach 1.6 billion US dollars.
Before this, Ma Huateng held about 220 million shares, and the remaining 20 million shares were bought back later.
When Tencent peaked at 82 HKD per share, Ma Huateng's net worth had also reached its peak. Including his own funds, Ma Huateng had about 2.4 billion US dollars.
If Tencent could still maintain the 240 million shares, and Tencent could resume trading, Ma Huateng should not suffer a big loss in terms of money.
Ma Yun and the rest were not asking about the amount of shares. They were asking about Ma Huateng's influence in Tencent, and even the direction of Ma Huateng's next move.
If Ma Huateng still holds so many shares, his influence in Tencent will not be too weak, and it also means that Ma Huateng will not give up fighting for Tencent.
Once they continue fighting for Tencent, they will have a chance.
Sometimes, seemingly irrelevant topics are very important to them, and they can even make some predictions and arrangements in advance.
But Li Dong is not an idiot. He smiled and said. "Brother Ma is a righteous man. This time, we acquired Tencent's shares, and he said he will not fight with the shareholders and employees. He gave up a large portion of the shares. Now, we will hold 100 million shares, and we will pay him 3.2 billion HKD. "
"100 million shares …"
Everyone frowned. It seems that Ma Huateng had given up on Tencent.
100 million shares, accounting for 2% of New Tencent's shares.
Tencent's management and employees had also reduced their holdings, and they currently hold about 100 million shares, or 2%.
MIH and ABSA held the most shares, accounting for a total of 500 million shares, accounting for 10% of Tencent's total shares.
The secondary market still has about 300 million shares, accounting for 6%.
This time, the new investment institutions hold a total of 300 million shares, accounting for 6%.
So far, after buying back 700 million shares, they hold a total of 3.7 billion shares, accounting for 74% of Tencent's total shares!
Of course, this is the proportion after the restructuring. If the company resumes trading, it must issue new shares, and it depends on how much funds So far is preparing to go public.
But no matter what, Ma Huateng and Tencent's management only hold 4% of Tencent's shares. So far is 74%. These two cannot be compared, and Ma Huateng has given up.
If he does not give up, he will not be the one to reduce his holdings.
He will not reduce his holdings as a condition, and in order to get Tencent, Li Dong will not force him to reduce his holdings. Ma Huateng might even request to increase his holdings.
This shows that Ma Huateng has made up his mind.
Many people sighed in their hearts. Young Ma is not doing well. He had failed in his business, and he can use administrative measures to seize power.
If he stays in Tencent, he can increase his shares and get the management rights. Maybe he can get rid of Li Dong someday.
It will be great if he can compete with Li Dong for a few years. Why must he leave?
They felt that it was a pity, but Li Dong sighed and said, "Brother Xiao Ma said that the shares in his hands might be released when the company goes public. But no matter what, with the 3.2 billion HKD in his hands, Brother Xiao Ma had nearly 10 billion HKD in his hands. With so much money, he can do anything he wants. I heard that Brother Ma might want to set up a gaming platform. Tencent's gaming business is doing well, and he has experience. If he does not want to set up a gaming platform, he will set up a search engine. If not, he will set up a web portal … … "
Li Yanhong, Chen Tianqiao, Ding Lei, and Cao Guowei looked at Ma Huateng, and then they look at him in disdain.
Do you think we are idiots?
How dare you try to scare us?!
Although Ma Huateng's face looks like he does not care, they are shocked in their hearts.
Ma Huateng has more than 3 billion HKD in his hands now. If Ma Huateng continues to sell his shares after the trading resumes … …
Li Dong's shares could not all be cashed out as there was a limited sale period. However, the current Ma Huateng did not have this restriction.
Once he sells his shares, he might have more than 10 billion HKD!
With so much money, it will have a huge impact on the gaming industry or other industries.
Especially when Ma Huateng is one of the industry's top players. It will be a lie to say he is not pressured.
Web portals are fine, and it is possible for Ma Huateng to enter the gaming industry and focus on the gaming business.
On the other hand, Shengda and NetEase were doing it. Li Dong had already pulled away from them. In fact, he wasn't that competitive with them.
Ma Huateng, on the other hand, was different. Once he made a comeback, it wouldn't be long before he became their greatest potential opponent.
… …
Ma Yun could not help but sigh when he saw Ding Lei and the rest's expressions fluctuating slightly. He walked to Li Dong and whispered, "Honestly, who did you learn your glib tongue from? You are still young, and you are not experienced. But when it comes to talking, even these guys can't compete with you. "
Li Dong laughed. "A bunch of geeks. What's there to fight with them? But then again, you are the only one in the industry who is good at talking. You are a technical idiot. If you don't even know how to talk, then you are a real idiot. "
Ma Yun sneered. "No matter how bad my skills are, I should still be better than you."
"What a joke!"
Li Dong was about to retort when the CEO of the telecommunications company, Zhao Ting, walked over and reported. "General Manager Li, the financing is over."
"What?"
Li Dong was shocked. Ma Yun also hurried over.
Zhao Ting saw that Li Dong did not chase him away and knew that Li Dong did not mind. He repeated. "The 300 million shares have been bought. That is 2 billion USD. CICC, Bank of China, ICBC, CITIC, Goldman Sachs, Xiaolongmo … these companies have bought more than 80% of the shares. The rest is divided by small and medium-sized investment banks and brokers …"
Before he could finish his words, Li Dong suddenly burst into laughter.
Everyone in the banquet hall turned to look at them.
Li Dong laughed as if no one was around. After a while, Li Dong said loudly. "Everyone, eat and drink well today. There is no need to talk about anything else. The 300 million shares have been bought. The rest of you can wait for the next opportunity!"
"What?"
"They have all been bought?"
"Damn it! How long has it been? Bastards, didn't they say that the price is too high and they will consider it? "
"Are you stupid? Did you take it seriously? The shares were not much to begin with. 300 million shares. Luckily, I just bought 5 million shares …"
The entire banquet hall was in an uproar. Some people from the investment institutions were angry. Do people have too much money to spend?
2 billion USD in half an hour!
Not only were they indignant, but Ma Yun and the others were also angered to death.
Is there such a big difference between people?
Taobao's previous financing was only half of Far away's, and there was almost a big problem.
Taobao's financing was considered good. Other Internet companies would need three to five months to raise 200 million USD, let alone 2 billion USD.
Far away's financing was good. It was done in half an hour!
There is no harm without comparison. At this moment, Ding Lei and the rest regretted coming.
Why did they come here?
Not only did they delay their own business, but they also witnessed Li Dong's domineering and unparalleled aura!
What is domineering? This is domineering!
Raising 2 billion USD was not a low price, but it was easier than raising 2 million USD. Do they still have the face to stay here?
If it was not for the fact that it was more embarrassing to run away now, many people would have run away. This is too embarrassing!
Many people could not help but look at Ma Yun. We have not raised funds recently, so there is no comparison. You have just raised funds. Don't you feel inferior seeing this?
But when they saw Ma Yun's reaction, many people sighed again. In this day and age, those who are thick-skinned are better off.
Whether Old Ma really did not care or not, he was congratulating Li Dong with a smile on his face.
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