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Chapter 389 The 51st Preferred A Shares

Xu Xin asked curiously, "Gao Yang, if you want to set up such a venture capital fund, how big is the capital scale?"

Gao Yang smiled and said, "Sister Xin, Brother Lei and Brother Yan, I, and I are just making a preliminary proposal on this matter, and we haven't talked about the specific scale of investment yet.

This venture capital fund, my personal plan, is not to start this year, but will consider next year.

The size of the capital will definitely be larger than Sister Xin’s venture capital today, and it will be much larger..."

Xu Xin was stunned for a moment: "Gao Yang, does Group 51 have such strong financial resources?"

Gu Yawen smiled and said: "Sister Xin, Gao Yang has always been serious about work, and he has a way to solve the funds."

Ding Lei also said: "Sister Xin, Gao Yang never reveals the channel of capital operation, but in the past two years, 51 Group's project investment, as well as external investment, add up to more than a billion.

In order to make the payment project 51pay, he directly used 2.4 million yuan to invest in a financial IT company with A shares. Now, this equity investment has almost doubled the floating profit, right, Gao Yang? "

Gao Yang smiled and said: "Yes, based on the stock price of the previous two days, the floating profit is about 80%. However, we are a strategic investment, and the equity income is only a floating profit on the book."

Because of the blessing of 51 Group and the start of the bull market, the current share price of Hengsheng Electronics has risen to 13 yuan, and it even broke through 15 yuan in the early stage.

At the beginning of June this year, Hengsheng Electronics' annual report dividends, 6 to 10 shares, and cash dividends of 4 cents per share.

The number of shares held by 51 Group has already reached 3360 million shares, and there are more than 200 million cash dividends.

At the beginning, 51 Group bought 10 million shares at a supermarket premium of 2400 yuan per share. Now, based on the restoration price, the stock price has risen to around 18 yuan.

The stock price trend of this company is completely different from the trend in Gao Yang's memory.

Since the announcement of 9 Group's shareholding in mid-September last year, the stock price of Hengsheng Electronics has increased by more than 51 times in the range, and has become one of the hot bull stocks.

Xu Xin didn't understand these things yet, but when she heard that the 51 Group had invested more than a billion yuan in the past two years, she suddenly felt that Gao Yang was even more mysterious.

Xu Xin smiled and said, "Gao Yang, thank you for being so respectful of Sister Xin. Your proposal just now, when the time is right, I can consider cooperating..."

Xu Xin is 38 years old this year and has nearly ten years of VC investment experience. The Jingdong e-commerce project has only been established for two and a half years. Gao Yang and Liu Dong negotiated a valuation of 2 million US dollars, which is indeed very expensive.

However, after hearing Gao Yang's plan tonight, Xu Xin also understands that Jingdong, which is currently valued at 2 million US dollars, still has a very good investment value.

Doing e-commerce in China, there is really too much room for imagination.

In 2004, the total population of mainland China reached 13 billion, and in 2005 it was close to 13.1 billion. The economic scale maintained a growth rate of about 10%.

In such an economy, the growth space of excellent Internet entrepreneurial projects cannot be ignored by global venture capital.

Sohu, Yiwang, Goose Factory and Baidu went public, and the venture capital capital invested in the beginning made a huge profit, and the wealth effect was extremely attractive.

Xu Xin felt that the most rewarding thing about this dinner tonight was that Gao Yang was Gu Yawen's husband.

For Gao Yang, Ding Lei has always been full of praise. When talking about 51 Group and Gao Yang with Xu Xin, Ding Lei gave Gao Yang a very high evaluation: a genius entrepreneur and a future Internet giant!

After the dinner, Gu Yawen invited Xu Xin to be a guest at home, and Xu Xin naturally accepted happily.

The next morning, Xu Xin came to Wanliuhua Mansion to be a guest with gifts.

Gao Yang's family now lives in Wanliu Hua Mansion. There are 7 villas under Wu Ruohan's name, and 5 villas under Wu Lan's name. The two villas face each other, and the straight line distance is less than 30 meters.

Wu Lan was also very happy when Xu Xin came to the house. Wu Lan and Xu Xin's mother were good friends in the early years, and later started a business in Yuzhou, and the two families also had many contacts.

Xu Xin came to visit as a friend today, and exchanged a lot with Gao Yang about the future development trend of China's Internet industry, and agreed with many of Gao Yang's views.

In the tea room, Xu Xin asked, "Gao Yang, among the Internet projects incubated by 51 Group, which company may be the first to IPO?"

Gao Yang said: "51 Tongcheng and 51 Wealth are both possible."

Xu Xin asked again: "What's the approximate time?"

Gao Yang thought about it: "Maybe in about four years, by then, these two companies should be able to meet the IPO conditions."

Xu Xin was surprised and said: "According to the plan you mentioned, 51.com will cover the whole country in two years, and the revenue may be close to 10 billion. At that time, it is entirely possible to package it and go to the US stock market for listing."

Gao Yang shook his head and smiled: "Sister Xin, none of the Internet projects incubated by 51 Group have absorbed VC capital, nor have they established a VIE structure. Our preferred market for IPO is A-shares, followed by Hong Kong stocks. We will basically not consider listing on US stocks."

Xu Xin looked puzzled: "A-share IPOs are reviewed and have high requirements for performance. The first choice for Huaxia Internet companies' IPOs has always been Nasdaq.

The U.S. capital market is open to global development, the largest and most developed, and the valuation for Internet companies is quite high. This is the best shortcut to IPO. Why do you first consider closed A-shares?
In addition, although the Hong Kong stock market is relatively open, it is far less friendly to the IPO of Internet companies than Nasdaq, and the liquidity of the Hong Kong stock market is much worse..."

Gao Yang smiled and said, "Sister Xin, we are very confident that the two companies, 51.com and 51 Fortune, will meet the A-share IPO requirements in about four years.

That's right, since the day when China's Internet industry was born, Internet companies IPO, the favorite is to go to NASDAQ. The market and foundation of these companies are all in China, and they have grown faster after IPO.

However, ordinary domestic investors cannot enjoy the development results of these companies.

The choice of 51 Group is different. We hope to grow together with domestic users and investors. The choice of A-share IPO is to let ordinary people enjoy the development dividend of 51 Group.

This can be regarded as my ideal..."

Xu Xin was stunned: "I have been investing for so many years, and this is the first time I have seen an entrepreneur like you. IPO is easier than it is."

Gao Yang just smiled and didn't give any deeper explanation.

51 Group's Internet projects, choosing to go to NASDAQ for IPO is naturally the most convenient shortcut, but Gao Yang does not want to be stuck by Lao Mei in the future because of this, and let others harvest it at will.

In the Internet of the future, user data is the core, wealth, and also related to strategic security.

Naturally, these logics cannot be explained now, they are too advanced.

Gao Yang is also unwilling to open up to European and American capital, allowing them to make huge profits on the IPO of companies such as 51 Group.

If you want to invest in 51 Group's projects, it's very simple, just come to A shares to buy in the future.

(End of this chapter)