Reborn since 1993

Chapter 438 He can take his place

Hong Kong is indeed not suitable for Internet technology development. If you want to develop the Internet industry, there are also requirements and demands. Technology, capital, market, culture, etc. are all indispensable!

This is why in the past, the global Internet industry seemed to be in full swing, but decades later, only two centers emerged in the world. One was Silicon Valley in America. Silicon Valley provided the technology and New York provided the money. The two sides formed the complete American Internet industry. It was based on the entire America and the entire English-speaking area including old Europe, and then radiated to other markets.

Apart from Silicon Valley, in the global Internet industry, only the domestic Internet industry led by Zhongguancun has developed, which relies on the Internet user market in China and some overseas Chinese-speaking regions.

Whether it is Silicon Valley or Zhongguancun, it has been shown that in addition to technology, the scale of users is also a prerequisite for the development of the Internet. Especially in the era of artificial intelligence and autonomous driving, a large number of users are needed to develop large data models. Generally, areas with few users cannot play at all.

In the past, Yingke Group turned the Cyberport project into real estate and shopping malls, and took advantage of the good Internet market to sell the houses at high prices to cash in. It was also a helpless measure.

The land in Hong Kong is too expensive, the labor cost is also high, and the user scale is only a few million at most. It is simply unrealistic to engage in Internet technology research and development.

Not only Hong Kong, but also New York, Singapore, London and other places, it is difficult to give birth to Internet technology giants. However, these cities also have their own advantages. Among them, there is a lot of money!

You may not be good at technology, but there are opportunities in investing in the Internet. The Wall Street investment banks in New York also don’t understand what the Internet is, but that doesn’t stop them from hyping up the Internet.

Hong Kong is now also the financial center of Asia. To a certain extent, its status is higher than that of Tokyo, not to mention being replaced by Singapore.

Similarly, it is not realistic to engage in Internet technology in Hong Kong, but there is an opportunity to invest in the Internet industry. As long as you find that investing in the Internet is more profitable than speculating in pre-sale properties and cashing out faster, there is no need to waste any more words!
For domestic Internet companies, they also need to spend money, especially in the early stages, which requires a lot of funds. After all, technology also needs to survive, and the Internet market also needs to be cultivated with money.

In the past, most of the money burned in the domestic Internet came from American venture capital companies, and even from companies in the Russians and South Africa, which invested in domestic Internet companies. Finally, after the domestic Internet companies grew up, they made huge profits and received returns of thousands of times!

It can be said that a considerable portion of the domestic Internet dividends in the past life were taken away by overseas investment companies.

The investors in Hong Kong and Asia, who were deeply hurt by Yingke's Cyberport plan, decided that the Internet industry was a scam, missed the entire Internet trend, and were isolated by the global investment industry. In the end, they became addicted to speculating in pre-sale properties and could not extricate themselves...

However, if Hongcheng changes its positioning in entering the Internet industry and stops playing with technology and starts playing with investment, there will be opportunities, after all, this is what Hongcheng is best at.

Similarly, domestic Internet companies will be able to obtain more funds. In the future, when domestic Internet and technology companies go overseas, they will first use Hong Kong as a bridgehead to radiate into the Southeast Asian and Asian markets, and then compete with American technology companies for the Internet markets in old Europe and America. They will not be suppressed by outsiders in the Chinese cultural circle!
There is Zhongguancun in the north and Cyberport in the south. Zhongguancun and Cyberport have joined forces to challenge Silicon Valley and Wall Street.

Hearing Li Dongling's proposal for the big cake of the century, the knowledgeable Liang Botao was shocked.

That being said, everyone knows that Zhongguancun plus Cyberport cannot compare to Silicon Valley plus Wall Street, but this ambition is really scary. Liang Botao feels that only the grassroots heroes and first-generation leaders who have fought their way out of the inland areas dare to come up with such a lofty concept. If it were the companies in Hong Kong, they would never dare to think about competing with America!

Cao Zongyan, who always had a smiling expression on his face like Maitreya Buddha, also looked at Li Dongling in surprise and doubt.

He didn't know whether the Internet plan of Cyberport was invented by Dongling Hi-Tech on its own or discussed with Yanjing Post and Telecommunications and other departments. If the concept of Cyberport's Internet investment center was implemented in Hong Kong, it would definitely be a major project that would cause a sensation in Hong Kong.

In fact, Hong Kong City has been looking for other ways out besides real estate in recent years, especially since the 1960s and 1970s, when manufacturing industries such as electronics, clothing, and home appliances began to move out of Hong Kong City one after another. Hong Kong City has also been looking for other projects.

Everyone knows that pre-sale properties cannot be hyped forever. Financial centers can also be transferred. In the past, the Internet projects represented by Cyberport and the subsequent Silicon Harbor chip project were all attempts made by Hong Kong City, but in the end they all failed...

The global Internet industry has not yet reached a frenzy period, so Liang Botao and Cao Zongyan feel that the Cyberport plan sounds impressive but not scary enough.

When the global Internet craze became popular, a company could go public and get a market value of billions of dollars just with a domain name. By that time, Cyberport would probably be hyped up to the sky.

But now, Cao Zongyan feels that it is time for Bank of China Hong Kong City Company to invest in Cyberport Company first and try to seize the opportunity first.

“If Cyberport can acquire Hong Kong City Telecom in the future, it will promote Hong Kong City Telecom and become a broadband service provider in Southeast Asia. In addition, it will set up an Internet investment center to allow more investment companies and Internet companies to settle in Cyberport!”

"It is expected that Cyberport will formally apply to the Hong Kong Government Office in Hong Kong City next year to implement the Cyberport plan and seek to be listed in Hong Kong City!"

Li Dongling said that there are two ways to go public in Hong Kong. One is to queue up to apply for listing, and the other is to acquire a listed company with junk stocks, change its name and go public through a backdoor listing.

Li Dongling said this to tell Liang Botao that Peregrine was raising funds overseas for Cyberport, and Cyberport would have big projects in the future... "Of course, in the future, when Cyberport needs financing or loans, it will choose to cooperate with Bank of China Hong Kong City Company and Peregrine first. You will be Cyberport's eternal allies in Hong Kong City!"

After hearing Li Dongling's statement, Liang Botao finally smiled. This means that if Cyberport is listed in Hong Kong in the future, it will be operated by Peregrine. It is possible that this will become a trademark in Peregrine's investment banking career.

"Seventeen hundred million dollars is not a small amount. With only Ning's Trading Company and the unlisted Feiyan Technology Company as collateral, it would be difficult to directly borrow so many dollars.

Cyberport Company needs to use part of the acquired Cyberport shares as collateral!" Liang Botao said after thinking for a moment.

"However, the most important thing is Cyberport's Internet investment plan. If we want to acquire Hong Kong City Telecom, this project must be launched!"

Liang Botao looked at Li Dongling and said that he knew that Cyberport would definitely not stop at acquiring 13% of Hong Kong City Telecom’s shares.

If Cyberport wants to obtain a controlling stake in Hong Kong City Telecom, it must borrow more US dollars. At that time, Cyberport must prove its value to make this happen.

After Li Dongling finished talking with Liang Botao and Cao Zongyan, the matter was finalized. The specific details still need to be discussed, but those are things that the lawyers of several companies need to do.

For Cyberport, as soon as the money from Bank of China Hong Kong City arrives, it will start collecting chips of Hong Kong City Telecom from the market, and then join the board of directors of Hong Kong City Telecom to ensure that it can gain an advantage in the acquisition battle of Hong Kong City Telecom!
"Mr. Li!"

After signing the agreement, Cao Zongyan gestured to Li Dongling, and the two went to the deck of the yacht.

"I've heard about Mr. Li's generosity for a long time, and this time I finally got to see it for myself!"

Cao Zongyan laughed, then said seriously, "I don't know whether the Internet plan of Cyberport was proposed by Mr. Li or discussed with the Yanjing Post and Telecommunications Department..."

"Is there a difference?!"

The sea breeze blew. It was already evening. The sunset glow had appeared in the sky and the waves became bigger, blowing Li Dongling's hair up.

Li Dongling looked at the sea surface where the waves were rolled up, and looked at Cao Zongyan without changing his expression, "Whether it was proposed by Dongling Hi-Tech or someone else, the key is Hong Kong City. Does it need a Cyberport company?"

Cao Zongyan was stunned for a moment, then he reacted, shook his head and laughed, then said to Li Dongling, "BOC Hong Kong City Company is willing to support Cyberport Company, not just the loan support this time. I wonder what Mr. Li thinks?"

"Of course!"

Li Dongling spoke directly without hesitation. He certainly understood what Cao Zongyan meant. He wanted Bank of China Hong Kong City Company to take away part of Cyberport's shares and occupy a position first.

Li Dongling naturally had no objection to this. Bank of China Hong Kong City Company was one of the three largest banks in Hong Kong that had the right to issue banknotes. It was also one of the most influential giant Chinese companies in Hong Kong, Southeast Asia, and even overseas.

In other words, the inland foreign exchange situation is still a little tight now. If the foreign exchange situation becomes loose, the company that domestic companies will deal with the most in overseas acquisitions will probably be Bank of China Hong Kong City Company.

The investment of Bank of China Hong Kong City Company in Cyberport will be of great benefit to Cyberport, Dongling Hi-Tech, Feiyan Technology, etc. in the future.

When the yacht returned to Victoria Harbour, night had already fallen. At this moment, Victoria Harbour also showed the style of a world-famous port, with flashing neon lights and bright lights. The air seemed to be filled with the smell of US dollars. The most conspicuous buildings were the Hong Kong Convention and Exhibition Centre, the Hong Kong Bank of China Tower and other buildings, which is also the headquarters building of Bank of China Hong Kong City Company.

As for iconic buildings such as The Center and Hong Kong International Financial Center, they are still under construction or expansion and it will take several years for them to be completed.

“Maybe Dongling Hi-Tech Port City Company will have a headquarters here in the future!”

On the yacht, Li Dongling spoke to Lin Xianhui in a joking tone, and the latter was shocked. Ning Wenke, Liang Botao and Cao Zongyan, however, had strange looks on their faces.

(End of this chapter)