My Age of Investment

Taking the asset report handed over by Liu Hai with one hand, Xia Jingxing glanced at it casually for a few times, Xia Jingxing's eyebrows gradually knitted into a ball, but soon they relaxed again. He gently put down the document in his hand, cursed with a smile, and said, "Yeah. Okay, the drop is not too exaggerated, at least it’s better than I expected. This amount of cash alone is enough to make me the richest man in mainland China.”

Liu Hai was not in the mood to joke. He shrugged and said, "But your main enemy is not in mainland China."

The corner of Xia Jingxing's mouth curled up slightly, yes, the enemy is either a chaebol or a multinational company, and it is indeed not that easy to deal with.

Liu Hai picked up the document, pointed with his finger, and introduced it to Xia Jingxing column by column: "Look, the total cash reserves and short-term investments of Daxia Capital the year before last were as high as 31.4 billion US dollars, but you quickly decided to invest in BOE 50 It spent another US$4 billion to acquire Pengcheng Development Bank, and then injected a total of US$6 billion into Xinxin Group in two installments last year and this year...

Previously, I spent nearly 1.3 billion U.S. dollars in participating in the D round of financing of Domestic Holdings, spent 500 million U.S. dollars on buying a yacht for decoration, and invested 500 million U.S. dollars in the Chamas boy...

There is also investment in the sports industry, including the acquisition of Liverpool, the Warriors and the Rams, and the construction of new stadiums and arenas for them. Excluding debt, it cost almost more than 4 billion US dollars.

In addition, Suiren Lithography spent a total of 6 billion US dollars just to acquire the backward technologies of Nikon and Canon. Later, it will have to continue to invest heavily in research and development to close the technology gap with ASML, and toss in some domestic supply chain support plans. Everything costs money, and it is a long-term, bottomless investment. "

Xia Jingxing smiled as Liu Hai pointed out the "big money" he had spent in the past two years, without making any response.

Liu Hai chattered for a while, and his mouth was dry. He grabbed the mineral water on the table, opened it and took a big sip. He softened his tone a little and continued to advise earnestly: "You spend money too fast. Sufficient reserve funds must be left to deal with one, two or even countless major wars and fierce battles that may occur next.”

"Okay, I understand all this."

Xia Jingxing waved his hand, pointed at the document and said, "Isn't there still 14.5 billion US dollars? Why are you so anxious?"

Liu Haixian glanced at the document and sighed: "The only major income in the past two years is the US$10 billion you earned from transferring 10% of Facebook's equity to Kristina, and the US$1.584 billion you earned from participating in Facebook's long-short war. I don’t have any other cash in my pocket, I’m worried…”

"There will be new input soon."

"What?"

Xia Jingxing smiled and said, "Have you forgotten? The Android matter should be officially put on the agenda."

Liu Hai showed an expression of sudden realization, and then asked seriously: "Is it all cash? It doesn't feel like a good deal. It's best to exchange shares."

"Let's see how we talk about it."

Xia Jingxing was not very interested in talking about things that were still being planned, so he took the initiative to skip the topic and asked about BOE.

"I was about to report this to you. BOE's 100 billion investment plan is a bit pessimistic."

Liu Hai frowned and said: "The panel market is in turmoil. Yizhou, Bangzi and even Japan will not sit back and watch BOE's peaceful rise."

Xia Jingxing's reaction was normal, "I know, that's why we launched the second 100-billion factory building plan. The purpose is to crush all... well... other players except Samsung and LG in one fell swoop."

"But the local cities we work with don't see it that way. They have concerns and want to wait and see."

Hearing this, Xia Jingxing got angry immediately, raised his eyebrows and said, "What do they still worry about? I'm willing to take the big lead, and they still choose to wait and see? Do they expect me to give out all the money alone?"

Looking at Xia Jingxing whose face was full of anger, Liu Hai sighed helplessly. There were some things he couldn't say out loud, so as not to hurt his boss.

In fact, even if he didn't say it, Xia Jingxing also understood that BOE's development had entered a critical period, and it would be a smooth road to get through it. But if it couldn't get through it, who would bear the responsibility for hundreds of billions of losses?

It’s also possible that some partner cities are already satisfied with BOE’s current situation and don’t want to take any more risks, or they want to sit back and enjoy the gains, letting him, the richest man, lead the charge.

The richest man is considered the richest man after a loss, and everyone is reckoned with.

After thinking silently for a few minutes, Xia Jingxing felt his anger subside a little, and said, "I understand their approach, but I will never support this approach, which is not advisable to chase after the poor."

Yizhou and Japan's panel industry has only its last breath left, and we must work harder. "

"What do you mean?" Liu Hai asked in astonishment, "Is it really going to be all of us?"

Under Liu Hai's disbelieving gaze, Xia Jingxing nodded gently.

Liu Hai silently covered his forehead, with a look of despair on his face. After a while, he persuaded: "Panels, storage chips, chip foundry, photolithography machines, Daxia Capital still has more than 100 left." US$100 million is simply not enough to support so many fronts being launched at the same time, and it may not even be able to support this year.”

Everything Liu Hai said was the truth. Xia Jingxing knew this very well, but he knew even more about the importance of time and industrial chain.

It's not that he is aggressive by nature, it's that he has no choice!

After lowering his head and thinking for a moment, Xia Jingxing suddenly raised his head and ordered with firm eyes: "Arrange Daxia Capital to pledge all Facebook shares, and also inform those Maji funds to pledge all the Facebook shares held on behalf of them. Pledge and then lend us the funds obtained.

Envision Capital also communicated with me and pledged the Facebook equity corresponding to my personal share of the fund, and then lent it to Daxia Capital.

I hold a total of more than 15% of Facebook equity, which corresponds to a market value of more than 30 billion US dollars. I should be able to obtain more than 100 or even 20 billion in available funds.

There is also Vision Capital's 100-billion-dollar hedge fund. If we liquidate it once in advance, we can get a profit share of 27 to 8 billion US dollars. "

Liu Hai quickly calculated, "One hundred and forty-five, plus two hundred, plus two hundred seventy and eighty, there will be more than 60 billion US dollars in available funds."

Xia Jingxing smiled and asked, "Is it enough?"

"It will definitely be enough this year, but in the long run, if you want to achieve a series of goals in your mind, the funding gap may be as high as hundreds of billions of dollars!"

Xia Jingxing kept tapping the table with his fingers, "I still have equity in Fuxing Industrial, Overseas Holdings, and Oil Pipeline that can be pledged."

"None of these companies are listed, so they are not easy to operate." Liu Hai poured cold water on them.

"Envision Financial Holdings?" Xia Jingxing asked again.

"They are saddled with more than $20 billion in merger and acquisition debt, and their valuation and net worth have not improved much."

"Android?"

"It's about to be sold."

"Tesla?"

"Its stock price has recently fallen below last year's listing price. It has a market value of just over ten to two billion US dollars, which is not of much help."

Xia Jingxing leaned back on the soft sofa, thought for a moment and said, "I still have a lot of money in Vision Capital's VC fund and S fund."

"Most of the investments those funds invest in are unlisted companies, and they will not be able to raise funds in the short term."

…

The two people answered each other's questions and quickly reviewed the current development status of Xia Jingxing's various industrial sectors.

In the short term, the funds that Xia Jingxing can quickly mobilize or the assets that can be quickly realized are really only more than 60 billion US dollars. Many other assets are the equity of unlisted companies or the equity of companies with huge debts, all of which cannot be squeezed out. Come out with two ounces of oil.

After carefully weighing it in his mind, Xia Jingxing quickly made the final decision: "Originally, we were going to liquidate a few hedge funds to scare the Americans, so we might as well do it for real and liquidate them all."

Liu Hai frowned and said, "Shouldn't we pledge Facebook equity first?"

"No, the movement of pledging equity is too big. Let's leave it later and liquidate the fund first."

Xia Jingxing took a deep look at Liu Hai and said, "Didn't you say that those Americans were doing something small?"

"Is there a big move to liquidate the fund?" Liu Hai asked.

Xia Jingxing smiled and said: "We just want to make a louder noise to give our American friends a warning and bring Mubadala and Temasek on board.

Don’t they dislike the decline in Envision’s capital gains rate and the fact that its fees are too high? Then give them a chance to get off. "

"Would it be self-defeating?"

Liu Hai was a little worried, fearing that Xia Jingxing's actions would become a provocation and demonstration in the eyes of some American dignitaries. After all, we still have to make money in the US market, so we shouldn't offend these local snakes too much.

Xia Jingxing waved his hand, "Don't worry, I know them very well after being in contact with them for so many years. Madoff promised an annual return of ten points, but a lot of people jumped into the trap.

How many times do we do it a year... Well, now that the fund's asset management scale is large, it still has an annual rate of return of more than 30%, which is by no means unattractive.

Moreover, Vision Capital has liquidated funds twice on a large scale in the past, and this is the third time. The principal and interest are quite guaranteed.

Such a good way to make a fortune, only a fool would jump out of it. "

"Hunger marketing?"

Xia Jingxing chuckled, "That's right. I'm not as obsessed with pursuing asset management scale as I used to be. Maintaining a fund scale of thirty to forty billion is not only convenient for operation, but also allows me to take out fund shares for trading. It's like killing two birds with one stone."

Liu Hai didn't say a word and was still thinking seriously, but Xia Jingxing seemed to be unable to wait any longer and directly ordered: "As soon as you get off the plane, inform Jiang Ping and the others. Next month I want to see the first share of the profit go into the Daxia Capital account." .

As you just said, we need large and safe cash reserves at the moment, and we cannot put ourselves in a dangerous situation. "

Xia Jingxing had already said this. If Liu Hai had anything else to say, he had no objection at all. He nodded and said he would implement it immediately.

The new crown pneumonia is finally gone. I will resume updating today and strive for two updates tomorrow. I would like to say sorry to the book friends who are still waiting. I wish everyone a happy and healthy new year!

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