this man is not calm

Chapter 385 Crouching Dragon and Phoenix Chick
The biggest difference between venture capitalists and strategic investors is that the former basically do not care about the company's and team's ability to make money, and the ability to spend the money raised in the right place is more important; the latter are different, they either value long-term returns or significant significance to their own business map, rather than caring about the appreciation of the assets themselves.

Ice River Trading, led by my second uncle Zhang Hua, is the only strategic investor of Jinxi Mall. The former provides a stable supply of goods for the latter, and the latter makes up for the former's poor sales channels, increases bargaining power, and can even suppress traditional channel merchants in turn.

Many farmers and ranchers were stuck at this step and could not make any progress. After the Glacier Trade crossed this hurdle, it ushered in great development. It leapt from being small-time rural tycoons to grain giants that influenced the agricultural and commercial order in a region. It expanded its foundation by grabbing land, and its upstream and downstream industrial chains continued to expand.

At the end of last month, Zhang Yunying happily told Jin Shang that his family had acquired a large piece of arable land between Lake Khanka and the Jingqilijiang Reservoir.

That place is a plain along the lake and has great agricultural potential, but it is limited by climate issues and it is difficult to fully develop it without the support of modern agricultural machinery.

In the past, a farmer as powerful as my second uncle Zhang Hua was not qualified to get involved in such a big business, but now he has a say.

In the past, it was only developed near Hulun Lake and Beiler Lake, but now it can be deployed thousands of miles away.

If there was no stable supply of goods to guarantee cash flow, my second uncle-in-law Zhang Hua probably wouldn't have dared to leverage to acquire land, let alone make it so big.

In a few years, we will probably go to Beihai to develop. The mineral water "Binglu" factory is already under construction. This kind of factory does not have very high technical content, and the difficulty lies in the establishment of marketing channels. After gaining a firm foothold, we will probably go to the north to open up more large farms.

When the domestic economy and trade are about to take off, large-scale counter-cyclical investments will probably make you a fortune in a few years.

As for making money, there is more than just the Internet IT route. At least for now, the scale of the digital economy is completely not on the same level as the real economy, so Jin Shang has to sell game consoles, mobile phones, learning machines and MP3s to make money. The market for white goods is even hotter. With the help of door-to-door after-sales services built online and offline, it can bite off a piece of fat from the traditional electrical appliance malls. Even with just a little bit, it can already make a lot of money.

"Either you raise funds at a high premium, or you can provide core resources other than money. Otherwise, ordinary capital partners can no longer bring much help to Jinxi Mall."

Before leaving get off work, Wei Shuangping called Jin Shang and talked about the progress of recent negotiations. After returning home, she flipped through the documents that she had not had time to read, and then quickly ruled out the potential investors mentioned in them.

"Neither of them is a reliable choice!"

Wei Shuangping pondered for a long time after picking out a few acceptable ones.

There were five investment intentions, one from a large foreign investment bank, two from private equity funds, and one from a municipal investment company.

The last one is quite special. It is a trust account set up for the universal insurance of a large insurance company. It is a relatively high-risk financial product. It is not very clear whether it can be invested in the primary market. However, since the other party can send a request for cooperation, it is probably possible. If there are any problems, they can be avoided through a series of operational means.

After thinking for a long time, Wei Shuangping gave up these five letters of intent.

"Instead of doing this, it is better to entrust Minxing Bank to issue a trust. Although self-financing is not in compliance with regulations, there are still solutions."

The current financing situation of Jinxi Mall is so complicated. Those who come to the door are not very good investors. If there is no other choice, they can only implement employee stock ownership. However, the financing amount of tens of billions is often spread out to each person, which is also a lot. Basically, few people can come up with it.

The reason for such a dilemma is that the valuation has risen too quickly and the asking price is too high.

It's not that no one can afford it, but looking at the source of the funds which is impossible to trace, even Jin Shang, who is so brave, doesn't dare to take it.

After careful consideration, Wei Shuangping had to come to a conclusion that was not surprising.

"Issue bonds first, with the parent company as guarantee, and wait until this period has passed. Countercyclical investment cannot be stopped. If you can't get the money for a while, you have no choice but to go to the bank."

If you can get a loan, then get a loan. If you can't get a loan, then support it with bonds, financial management, internal trusts, etc. As long as Jinxi Mall does not expand warehousing and logistics construction on a large scale, it is actually not very expensive.

However, considering the issue of capital utilization, it is better to have more working capital.

The scale of the company's self-operated business is extremely large, and the profits are quite considerable, but relatively little of it remains in Jinxi Mall's account. The parent company has the strength to support it, but there is no need to force it. This is the reason why Jinxi Mall is somewhat stretched.

Fortunately, the third-party payment license has been obtained, and the amount of deposited prepayments is not small. With some leverage, it can be loaned to the parent company and a lot of profit can be made through operations in the bond market.

"Financial operations, leverage? It seems that if you want to make quick money, the fastest way is to make money from money."

It just so happened that as the scale of Jinxi Mall expanded, there was too much cash passing through. By slightly delaying the payment period and letting Jin Shang do some operations, a lot of money could be made.

"In the final analysis, it still depends on Mr. Jin's personal ability!"

In contrast, Wei Shuangping felt that she had managed Jinxi Mall in an orderly manner, but she did not make much progress in solving problems. She acted like an excellent professional manager, but not a CEO who could create a great company.

"It's a long and arduous journey!"

While she was thinking about a lot of things, there was a noise outside. Wei Shuangping turned off the computer and walked out of the room. She saw Wei's mother holding her grandson's hand and entering the house.

The reason we came back so late today was that the school organized a spring outing to the outskirts of the city. There was a traffic jam on the way back, so we arrived a little late. So Wei's mother took her grandson out to eat and went for a walk before coming back.

"Hey, you got off work early today?"

"I don't have to work overtime every day. There were a lot of problems during the Spring Festival and Lantern Festival holidays some time ago, but now everything is fine."

"Then why did you come back? You might as well go out and get together with your colleagues and socialize. It's either work or rest. Your social circle is too narrow."

"No way!"

After the age of 27, some things became more urgent, and Wei's mother's urging became more and more obvious. It is indeed difficult for an older woman with a burden to get married, but she can make money. If her standards are not so high, it is not difficult to find a decent man.

"Doesn't your company often hold social gatherings? I see you've never been there."

Wei Shuangping didn't want to argue, so she took off her younger son's hat and clothes and hung them up, then picked him up and asked him about his well-being.

"I've eaten. You don't need to worry about it. Just take care of yourself."

Mother Wei said unhappily,

"I don't want to nag you either, you need to pay more attention..."

"Don't say that in front of the kids..."

"You think I do?"

Seeing the child go to the bathroom, Wei's mother glared at her daughter.
"All the children in kindergarten have parents, but my grandson is missing half. Don't think that he doesn't have his own ideas just because he is young. Just because he is well-behaved and doesn't ask questions doesn't mean he doesn't understand. I have seen many bad brats who are so bad that they make me want to bite them..."

"Someone bullied him?"

"I haven't heard of that. After all, it's a kindergarten that costs several thousand yuan a season, so the management is quite strict, but you can't expect the teachers to keep an eye on everything."

Speaking of this, both mother and daughter are at a loss. The child is grown up and cannot be locked up at home all the time. Children also have social needs. Because of their poor emotional management skills, their emotions are very obvious and they can easily say hurtful words.

Originally she was in a good mood, but now she is very conflicted. Thinking of this, Wei Shuangping remembered the social networking blog that the company had just launched and had relatively few users. In order to attract users, a series of activities were carried out, one of which was a hot topic - the Marriage Wall. Unlike the blind date group in Jinxi Chat, where a lot of people gathered together noisily, the Marriage Wall activity was more like a dating community.

It not only ensures sufficient exposure, but also protects privacy through the private message mode, so that it doesn't get hung up like selling pork for people to pick and choose.

"Go ahead and give it a try. Maybe you'll find someone you can talk to."
-
Monday afternoons are always extra relaxing. I finish the work accumulated over the weekend in the morning, hold a regular meeting, and ask about the advertising placement in TV series and movies. There is nothing else that must be done urgently.

After lunch, Jin Shang picked up the newspaper brought in by his secretary, made some hot tea, and read it quietly.

"The central bank announced a rate cut, with the benchmark rate falling from 9% to 8.5%! It was just lowered at the end of last year, and now it's happening again? It seems that the market is becoming more and more short of money."

Foreign trade is booming and the trend of economic improvement has become very obvious.

The continuous expansion of the trade surplus has led to a steady increase in foreign exchange deposits and increasing enthusiasm for private investment. The "asset shortage" has occurred under such circumstances, which is almost inevitable in the short term, and all kinds of valuations have also risen.

The principle of buying when prices are high and not buying when prices are low is never out of date. When asset prices rise, people with money or without money all want to buy, for fear of missing out on the opportunity.

can not afford?
Take a loan!
Thus, the money shortage was born.

The simultaneous existence of asset shortage and money shortage is a special product of special times.

When the country's power is on the rise, everything really goes smoothly.

The first interest rate cut this year was by 0.5 percent, which is a large amount.

This is the fifth rate cut in two years. With interest rates going down, a reduction in the reserve requirement ratio is probably a matter of time.

Finding money and buying undervalued high-quality assets is almost the main theme at the moment.

At the same time, the importance of establishing a "capital reservoir" has become increasingly apparent. If foreign exchange deposits have nowhere to go and flood into the market in large quantities, inflation will be uncontrollable.

"Real estate is about to take off, and so is the stock market!"

I casually flipped through the financial news and sure enough, the price had gone up again.

Since the Spring Festival, the stock index has continued to rise. Although the increase is not large, the trend has been established. People with a discerning eye can basically confirm that a bull market is coming.

"Jinxi Video and Minxing Bank chose to go public at this time, which is indeed a good time."

Colleagues in the company have some objections to the idea of ​​a valuation of 30 billion and financing of 5 billion or even more.

Too high!
The traditional videotape, book and CD-tape rental and sales business is already very mature and the valuation cannot be too high. Even if the fixed assets are abundant, it is difficult to conceal the drawback of limited development potential.

As for the boasted high-tech Internet, it has less than 200,000 users out of a hundred thousand, and only a few paying VIP users are converted from offline customers. As for the page advertising fees, they are not worth mentioning.

A large amount of financing, purchasing film and television copyrights, and then building large data centers are all great gimmicks, but no one knows whether it can make money, and most people are still skeptical.

When it comes to listing, many news reports boast about how much the stock price went up on the first day after the bell rings, and they think it is so awesome. But for listed companies, this just proves that the valuation is too low, financing is less, and the money has been earned by others.

The ideal situation should be ups and downs, with small rises or falls, and slow rises in the future. This can prove that the valuation is accurate, the market buys in, and the maximum amount of money to be raised is obtained.

The current situation is that some people think Jin Shang is being too idealistic.

However, the actual results of the roadshow were very encouraging. On the eve of this magnificent era of development, people of insight have extremely high valuations for high-quality assets.

The possibility of loss is extremely low, as there are a large amount of real estate to back it up. What's more, the financing money is used to purchase copyrights and build data centers. Even if it really doesn't make money, the things are always there, so it's not a waste of money.

Low risk, potential for high returns, high-tech industry, great potential for future development, and scarce market targets.

With multiple buffs superimposed, it is normal for the valuation to be high.

All aspects indicated that the situation was improving, and Jin Shang felt relieved.

As for the MP3 player's official launch and sale at the end of this month, it has already entered the implementation stage and Jin Shang does not need to be concerned with every detail.

"Whether we will have delicacies from land and sea or eat coarse food this year depends on the next one or two months."

After calming himself down, Jin Shang flipped through the general news section again, which contained everything.

For example, some smart people boast about diverting snow water from the plateau to flow northwards, cutting off the major rivers flowing to the South Asian subcontinent, and redirecting it to flow into water-scarce areas in the country. This is simply hilarious. The difficulty of this is probably even greater than blowing a hole in the Himalayas to divert water vapor to the north.

Another option is to build a canal to divert water from the North Sea and the rivers that flow into the Arctic Ocean to the northwest desert to recreate the beautiful scenery of Jiangnan in the Great Wall. This seems feasible, but the height difference is hundreds of meters, and the difficulty of building a canal is incredibly great. It would be better to divert the water eastward to the northeast, and then turn south to North China to improve the lack of industrial water in the capital area.

However, among these "Crouching Dragon and Phoenix Chick", Jin Shang also found one that was quite interesting.

"Water transfer from South to North? Does that mean the world has to start all over again? Even though it's many years too late!"

The biggest difference between this life and the previous life is that the highly water-consuming industries do not need to be concentrated in North China and Northeast China. There are sufficient resources in the Far East and the North Sea for diversion.

Even so, as the population in the Gyeonggi region grows, the problem of water shortage will become more and more serious sooner or later.

"Canal, water conservancy?"

With this thought in mind, Jin Shang looked back at those "smart guys" and the group of "dragons and phoenixes" in front of him, and they didn't seem so ridiculous anymore.

If we analyze its feasibility more carefully, we will find that some of it is not completely nonsense.

"It's quite impressive that my second uncle thought of going to the North Sea Ice Field to fetch water and sell it, and making use of some of the resources."

The gap in economic development between the north and the south is widening, which is closely related to the amount and utilization rate of water and soil resources.

The north is not bad, except that the water source is a bit far away.

"Either move the water-consuming and energy-consuming resources there, or bring the water here."

As Jin Shang's face became more and more serious, he immediately turned to the development of liquid-cooled server units and the plan for building a super-large data center...

(End of this chapter)