Reborn since 1993

Chapter 1246 This is not a retreat, but a strategic shift

"Disney's acquisition of Soxin and the creation of its portal website signifies that traditional American media giants are also beginning to embrace the internet!"

"The internet trend has begun, and the media in the port city will inevitably be affected!"

"The Zhixing Foundation achieved a 562-fold return on a single investment, turning a mere $320 million into a staggering $12.98 billion, creating a legend in investment history!"

"But don't forget, the Zhi Xing Foundation's legendary investment was in Yahoo! Now Yahoo!'s market value has exceeded $450 billion, and according to Yahoo!'s public information, the Zhi Xing Foundation still holds 5% of Yahoo!'s shares, which are now worth more than $22.5 billion!"

"Li Dongling, the major shareholder of the Zhixing Foundation, can be said to be an investor in the Asian internet sector who is on par with Masayoshi Son of SoftBank..."

Seeing the praise for Li Dashan on Hong Kong TV, Li Zekai, president of Yingke Power, couldn't help but clench his fist.

He never expected that even after Li Dashan had left Hong Kong, the Hong Kong media would still be reporting on him extensively, and the praise was becoming increasingly deafening.

Cashing out $12.98 billion in one go is a legendary move, not only in Hong Kong, but also in the history of global investment!
Watching the news on TV, Li Zekai felt somewhat powerless in the face of Li the Great Philanthropist. What Li Zekai was most proud of was his investment acumen; his cashing out of Phoenix TV was still considered a classic example.

While he could manage Phoenix TV, his investments paled in comparison to Li Dashan's seemingly effortless forays into the internet, and the returns were worlds apart.

Li Zekai invested over 100 million US dollars in Phoenix TV, while Li the Great Philanthropist's investments, each in the millions of US dollars, yielded returns of billions of US dollars. Is there any need to say which is stronger?

"Currently, the Zhixing Foundation also has investments in ASK and GeoCities websites, which are performing very well in America."

Several internet companies have shown considerable interest in GeoCities.

If these internet companies also complete their acquisitions, the Zhixing Foundation could receive returns far exceeding external expectations!

Seeing the TV program digging deep into the background of the Zhixing Foundation, Li Zekai felt a bit numb.

It's one thing for Li Dashan to have established Himalaya FM and China.com, but he has also invested in more than one internet company like Yahoo and Souxin.
Li Zekai couldn't imagine how many US dollars the Zhixing Foundation could cash out if it sold all the internet companies it held.
At this moment, Li Zekai's desire to get Yingke Power to increase its investment in the Internet industry was almost uncontrollable!

"The Silicon Harbor project has truly become a reality!"

Yuan Tianfan, the strategist who noticed Li Zekai's expression, couldn't help but sigh. Even Li Zekai reacted this way when he saw the news about the Zhixing Foundation, let alone others.

If some people didn't believe in Cyberport's Silicon Harbor plan before, now, the Zhixing Foundation's 562-fold return proves that the internet offers the opportunity to get rich overnight!
From today onwards, no one in the port city can stop the Silicon Harbor Project.

"Yingke Power needs to increase its investment in Zhongguancun!"

Li Zekai said to Yuan Tianfan that he didn't care whether or not he was promoting the Silicon Harbor project.

He wasn't familiar with Silicon Valley, but Li Zekai could still get into the inland internet industry. He wanted Yingke Power Ventures to create several companies like China.com, Souxin, and GeoCities to prove his vision!

The news that Zhixing Foundation cashed out over a billion US dollars from Souxin has really spurred investment companies, trusts, foundations, and giant corporations in Hong Kong.

Such a vivid example happening right in front of the people of the port city is truly too shocking.

Immediately after the news broke, many securities firms, investment institutions, banks, foundations, and even insurance companies in Hong Kong launched internet investment projects, promoting themselves as helping ordinary investors make money through internet investments!

Some of the money inevitably flowed to the booming Nasdaq, but a considerable number of institutions chose to cooperate with Cyberport and join the Cyberport Future Industry Fund to start investing in internet companies in Zhongguancun.

When the news that the Zhixing Foundation had sold Souxin to Disney reached the mainland, it not only caused a huge shock throughout Zhongguancun, but also attracted widespread media coverage.

This news is truly astonishing in mainland China. America is experiencing the internet boom, and mainland media have reported on it countless times in recent years.

But news is news; people inland never really visualize this kind of news, they only have a general impression of it.

Now, all of this has come to fruition. Selling an internet company can bring in $12.98 billion, which is equivalent to RMB 103.84 billion. The Zhixing Foundation's enormous profits have shocked the entire mainland media. For the first time, the concept that the internet equals money has appeared in the minds of countless people in the mainland.

"I thought China.com was crazy enough before, but now I feel like the American internet has gone completely mad!"

"I just checked the news in America. Disney's stock price has risen by more than 15% in the past two days. American media believe that Disney's acquisition of Soxin for more than two billion dollars seems to be a bargain. If the acquisition is postponed to next year, Soxin's valuation may increase even further!" "American internet companies have indeed gone crazy. If you had bought Yahoo stock at the beginning of the year, it would have risen by 584% by now!"

"So, if I buy Nasdaq stock now, will I get rich?"

"Wake up, upstairs! Internet stocks are already so expensive, how could they possibly keep going up? They're definitely going to fall. Going in now is just suicide!"

On Tianya Forum, the news of Disney's acquisition of Souxin has also sparked a lot of discussion.

Seeing how hot Nasdaq is, it has naturally attracted a lot of attention. At this time, many people in China also began to get tempted, after all, the Internet is a very quick way to make money.

Whether it's investing in venture capital internet companies or buying internet stocks, you can get returns of tens or even hundreds of times your initial investment. It's like counting money with your eyes closed, and financial freedom is just around the corner.

Money is a powerful motivator, and naturally, countless people are envious of the returns on NASDAQ, wanting to invest money and earn huge returns in return.

However, at this time, many people remained "sober-minded" and thought that Nasdaq internet stocks were too expensive. They believed that buying in now would be like taking over someone else's losses and ending up with nothing.

Wall Street knows the psychology of retail investors all too well, and their response is simple: keep pushing up the prices of internet stocks until they explode!

When internet stocks rise by 10%, retail investors can still hold back, only feeling that they were too late. But when they rise by 20%, some regret it and slap their thighs in despair.

But when the price rises by 30% or 50%, retail investors feel that they have been tricked by capital and believe that buying in at this point is chasing the high price.

But when you watch helplessly as internet stocks that you've been hesitant to buy in rise one, two, three, or even ten times in value, can retail investors still resist?
When desire and greed ultimately overcome reason, retail investors can't resist the temptation and start entering the market, which is when they take over the losses from Wall Street institutions!
The sale of Souxin by the Zhixing Foundation to Disney has caused quite a stir in the global internet industry and has also thoroughly stimulated places like Hong Kong, Zhongguancun, Singapore, and Japan.

However, as the flames of the internet ignited around the world, the Zhi Xing Foundation was preparing for a victorious escape!
Why not cash out during the peak of the internet frenzy? Are we just waiting for the dot-com bubble to burst?

……

"The Zhixing Foundation has completed the sale of its shares in Souxin, and all shares have been divested!"

Inside the headquarters office of Dongling High-Tech, Li Dongling listened to Lü Wenhua's voice coming from the other end of the phone.

Listening to Lü Wenhua's words, Li Dongling asked, "Have Silicon Valley and Wall Street questioned why the Zhixing Foundation cashed out its shares in internet companies like Souxin?"

"The American internet industry has gone mad!"

This is Lu Wenhua's assessment of the American internet industry: "Wall Street media only care about how much the Nasdaq index has risen and what big internet deals have taken place. As for why acquisitions are made, no media cares at all."

"Of course, the official reason given by the Zhixing Foundation is to raise cash for Dongling High-Tech's car manufacturing!"

Let alone the fact that the American media doesn't care why the Zhi Xing Foundation "withdrew from the internet," even if you were to ask further, the reason is just too damn reasonable.

Although Dongling High-Tech spent $330 million to build an automobile production base, the Zhixing Foundation cashed out $12.98 billion in the process, a slightly larger amount of $100 million.

Li Dongling nodded after hearing this. Nasdaq can't collapse now, as the Zhixing Foundation hasn't finished cashing out yet.

Moreover, Feiyan Technology has not yet reduced its stock holdings on a large scale, so Li Dashan really hopes that Nasdaq can remain strong for another year or two.

"The Zhixing Foundation needs to continue building momentum and finding buyers for ASK and GeoCities websites."

On my side, I will also use Feiyan Technology to influence Yahoo, so that Yahoo will submit a quote to GeoCities.

Li Dongling said, "We shouldn't let the good stuff go to outsiders. Websites like GeoCities, which are highly sought after, will definitely be sold to 'our own people,' Yahoo, first."

By leveraging Yahoo's influence, even if Yahoo ultimately doesn't acquire GeoCities, the price can still be raised by Yahoo's involvement, allowing them to sell the site for a high price.

"President Li," Lu Wenhua couldn't help but ask Li Dongling a question that had puzzled him for a long time, "Is the Zhixing Foundation really going to sell all of its shares in the internet companies?"

Lu Wenhua wasn't asking whether or not to sell those shares, but rather wondering if the Nasdaq, which was currently booming, would really crash.
(End of this chapter)