King of Capital

When Xie Jingxing arrived in Beijing and got off the plane, he felt hot and windless, and the sky was gray and looked like it was going to rain.

As a result, it was cloudy for several days in a row until the last day of May when heavy rain fell, sweeping across the entire city and washing away the dullness and heat.

After the rain, the sky cleared up and Sodagreen's love song was playing in the shops along the street. The lyrics sang about how the heavy rain turned the whole city upside down. The puddles on the roadside reflected the landmark office building with a curved facade.

In Wangjing SOHO, Xie Jingxing walked briskly across the reflection of the stagnant water, raised his hand to lower the brim of his baseball cap, and walked slowly to observe the design features of the surrounding buildings.

Momo's headquarters is here. When it went to Nasdaq to ring the bell for its IPO two years ago, Pan Shiyi, as the landlord, said that the feng shui of his office building was good and suitable for the development of Internet companies. Then some real charlatans interpreted the feng shui here.

Master Pan immediately jumped up and sued the other party for defamation, and easily won the case with a set of military boxing small grappling...

The trivial matters are absurd and bizarre, but this is the usual behavior of this one of the "Six Gentlemen of Wantong". Recently, he has been mourning for Wang Shi.

I privately feel that Lao Wang is still young and the Chinese real estate industry will suffer a heavy loss without him. It sounds awkward no matter how I listen to it, as if the young Lao Wang has passed away and will live forever in people's hearts.

Xie Jingxing didn't know what Wang Shi felt. He must have felt disgusted, but on the surface he had to thank him for his support. For him, every bit of public support was precious.

Vanke needs to hold a routine shareholders' meeting next month. It failed to win the support of Jingxing Group. The proposal to vote on major matters regarding Shenzhen Metro Group's investment will almost certainly be rejected by Baoneng and China Resources.

On the other hand, the securities regulatory authorities are so ashamed and intolerable facing Wang Shi's blatant delay of the stock suspension period and his hooligan behavior of damaging the legitimate trading rights of retail shareholders that they will inevitably require Vanke to resume trading in July at the latest.

After the stock resumed trading, Baoneng continued to buy it. It only needed to buy another 7% of the shares. At the end of the war, Yao Zhenhua won a great victory.

In short, the most desperate moment of the entire Vanke-Baoneng dispute took place during this period - after Vanke resumed trading in July.

Wang Shi made a last-ditch effort to recruit Blackstone to defend himself, Yao Zhenhua used leveraged funds to attack and acquired 7% of the shares, other potential hungry wolves appeared on the scene to disrupt the situation, and uncontrollable factors soared and the chaos reached its peak.

Just as Xie Jingxing analyzed, regulators are unable to dismantle this bomb that may trigger systemic risks through existing market laws and regulations, and can only use administrative power outside the rules to resolve it.

Therefore, Xie Jingxing held an online meeting to formulate an investment plan, and particularly emphasized two key points: the situation was completely out of control and administrative power was forcibly intervened.

One is a personal emotion that is a mixture of rationality and sensibility. He hopes to clean up the mess of Vanke according to normal business investment perspective within the rules before administrative power intervenes.

In order to maintain the stability and credibility of regulatory rules, although there are not many of these things, patching up the gaps can always scare away fewer capital players...

Since you are standing at the top of this ship and have no intention of jumping off the ship, you should do your best to make the ship better. This is what a tinker does.

Secondly, Xie Jingxing could not predict to what extent Vanke would get out of control. It was possible that what he was thinking now was wishful thinking. Supervision did not require him to be conspicuous at all. He just had to defuse the bomb to ensure 100% safety.

They even treated the Jingxing Group as a troublemaker, telling it to go wherever it wanted and not to get involved and talk nonsense.

Xie Jingxing had no intention of doing such a bad business with good intentions. He would wait and see what would happen in July. How this drama would play out would depend on the interaction between the main characters and supporting actors.

Anyway, it will take some time for the group's own financing and the Grapefruit Fund's fundraising, totaling nearly 100 billion yuan, to arrive. According to the efficiency of state-owned enterprise shareholders, it would be a blessing if they pay the full amount in batches before the end of the year.

He still has half a year to think about the problem of having too much money. The time is neither long nor short, and the anxiety in his heart will help him become motivated.

Regardless of whether the acquisition of Vanke project is successful or not, it is necessary to catch up and learn about the real estate industry in advance.

After all, it is a leading real estate company with 6000 billion yuan in assets on paper. As an investment target, it cannot make big money in the secondary market, but if its physical assets are reorganized and dismantled and sold on the primary market, how much difference can be made depends entirely on the details.

Superficial industry research alone is definitely not enough to support the business. You need to really understand the industry, or at least have a superficial understanding so as not to be easily fooled by buyers.

Furthermore, since Wanda invested in Lao Wang secretly, it would not be easy to cheat Wanda Cinema Line.

"Have you informed Zhang Zhao?"

Xie Jingxing observed the layout of the functional areas in the office building lobby all the way, and walked into the elevator while pressing the floor button to confirm.

Chen Xi accompanied him alone and reported: "He greeted me this morning, but he didn't say when he would come. Should I notify him now?"

"never mind."

Xie Jingxing raised his head and tipped the brim of his baseball cap with interest. They were already at the door, so there was no need to do a solemn surprise inspection.

After LeTV Pictures re-determined its external financing route to pursue an independent listing, it moved from its headquarters office building to Wangjing SOHO to demonstrate its independent development and cut off the huge debt owed to its parent company.

It was his first time here and he just came for a quick visit.

Chen Xi followed behind him with a serious face and eyes scanning like a radar. If any of the film industry managers really want to be the big boss, just take a look and go to the toilet to report to the cleaning lady tomorrow.

"Don't disturb your colleagues at work. If your eyes are dry, go buy a bottle of eye drops and issue an invoice to the company for reimbursement."

"Is this milk tea treated by your boss? Go ahead and drink yours. If you don't have work to do, take a rest. The company encourages efficient work and less overtime."

"The flowers are nice, with water droplets on them. I bought them today. Next month, lisianthus will be in season, so ask the florist to send more."

Xie Jingxing was running around the company, talking to ordinary employees in a friendly manner, and throwing a few words to the heads of various departments.

The head of the HR department was caught in the act of secretly looking around and retreated in embarrassment. The director of the IP market operations group gritted his teeth and made a deep self-examination. The workload was not saturated enough and it should be adjusted immediately!
The boss of the finance department was well-informed and had done a thorough cleaning in advance to make the office area spotless. He was really smart and considerate. He came to the company specifically because he knew that the boss had no flowers at home.

After a quick look, they were all talented and spoke well, so Xie Jingxing was quite satisfied.

I visited various departments of LeTV these days and found them to be basically the same. Minor problems are inevitable but there are no major issues.

Leaving the middle-level managers sweating and guessing his true intentions, he sipped a cup of mixed milk tea, pushed the door open and walked into the chairman's office with swaying shoulders.

"Mr. Xie, you are here."

Zhang Zhao is having dinner with his wife Huang Ziyan, who should be called by her title in the company. The latter is the president of LeTV Pictures and is in charge of publicity and promotion operations. The publicity and promotion of the two major IPs, "Tiny Times" and "Boonie Bears", were done by her.

The couple sat in front of the sofa, with folders scattered on the coffee table and several open lunch boxes next to them.

"Just had lunch? No matter how busy you are, you have to take care of your health." Xie Jingxing raised his wrist to check the time. It was past two in the afternoon. Zhang Zhao put down his chopsticks and lit a cigarette: "I don't feel hungry when I'm busy. Have you eaten?"

“I ate it, and I feel like I can eat a little more.” Xie Jingxing smacked his lips.

Huang Ziyan has neat short hair and her speech and behavior are consistent with her image. She quickly got up and went outside to get two pairs of disposable chopsticks, and gave one pair to Chen Xi.

She made her own Beijing home-cooked staple food "Hu Bing", a cornmeal pancake topped with leeks, eggs and shrimps, which looked no different from a thin pizza.

The taste is similar and a bit like a burrito. The bottom of the cake is crispy and the filling is salty and fresh. It tastes really good.

Xie Jingxing rolled up his sleeves and ate a whole pancake, burping and smelling like leeks. Huang Ziyan was quite happy. She pulled Chen Xi, who was not convenient to use chopsticks, to clean up the leftovers and went outside the office to eat a few bites.

"Please ask Mr. Huang to write a recipe so I can learn it." He crossed his legs and touched his belly like a lazy man.

Zhang Zhao said it was no problem, picked up the cigarette butt in the ashtray slot with his right hand, picked up the cigarette box on the coffee table with his left hand, shook out two cigarettes, put one in his mouth, aimed at the butt and lit it, and handed over the cigarette box to disperse the cigarettes.

His nickname is "a fire". He can light a cigarette in the morning and never touch the lighter again in the evening. A cigarette after dinner is as good as a living god, and is no less than a lazy man rubbing his belly.

"The company has basically reached a consensus on lowering its valuation." Zhang Zhao took the initiative to get to the point.

Xie Jingxing always knew the work that had been reported on paper: "Zhang Yimou and Guo Jingming have no ideas?"

"The current situation of the company is clear to us. I may have had some emotions at first, but now I have given up the unrealistic thoughts. Valuation is for outsiders to see. Doing things well is our own business."

Zhang Zhao paused for a moment, smiled and said with emotion: "In fact, I found that in a situation like ours, communicating with partners in the end is just a matter of sincerity."

"Sincerely, everyone is willing to recognize it." His words were full of sadness.

Last year, Xie Jingxing agreed to give up merging the film industry into LeTV's parent company and seek independent development and listing opportunities.

The mini-shareholder group of production materials, consisting of directors and stars headed by Zhang Yimou, did not understand the situation and thought that this move was a gesture of not wanting to make money with them.

It's hard to persuade the damned ghosts with kind words. One can imagine how much Zhang Zhao suffered being caught in the middle and how much effort he had to put in to persuade these damned ghosts to agree to lower the company's valuation and start financing.

Introduce external investors such as Nanke Group and Tianan Investment to acquire shares in the company to obtain cash flow to maintain normal operations.

The vast majority of partners have the same reason: Lao Zhang, I trust you and there is absolutely no problem with our cooperation, but can you please let your parent company pay off the debt owed to us?

It's been delayed for a long time, so it can't be that they can't come up with tens of millions, right?
We also have a sum of money between us. Do you think you can give me some money, even if it's just 500,000 first, so that I can explain to the company.

Zhang Zhao had been facing all these things for the past six months, until the situation eased slightly in March when Xie Jingxing shed tears at the press conference.

——The super rich second generation with billions of assets have turned into big victims and been cheated into idiots. The LeTV ship is really going to be finished.

Hold on, you must hold on. If you hold on, there is hope for cooperation.

Old Zhang, please don't just walk away. That bastard named Jia doesn't care about the kindness he has shown you. Xiao Xie is so young and crying when he takes over. He's still a child himself. You have to take care of this family.

If you need any help, just ask. We will never refuse to help if we can. I swear to the lamp that if I lie, I will be struck by lightning!

It's not that the sincerity is there, but if you want to collect debts, you can only choose to believe in the illusory word sincerity.

Zhang Yimou and other shareholders have calmed down and their partners have remained calm. Zhang Zhaoding has been at the forefront and has experienced all the twists and turns and contrasts, which has smoothed his character a lot.

If it was when Xie Jingxing met him for the first time, he would never hear words like "I'm still willing to admit it".

"I thought about lowering the valuation a bit in the second half of the year to raise another round of money. Both The Great Wall and Jue Ji are scheduled to be released in the second half of the year, so the publicity and promotion costs are high."

Zhang Zhao explained the details in a soft voice: "Now the Internet has a good publicity effect. Foreign films tend to cooperate with Weying Times and Maoyan for distribution. Xiaoma Pentium was the first to try it with "Lost in Thailand". President Zhong Lifang is very knowledgeable in this area."

"We will move towards this direction in the future, jumping out of the scope of film and television works and treating the Boonie Bears IP as an Internet cultural product, so that the premium can be realized quickly and steadily."

He thought about giving an example: "I have done some field research and found that pencil cases sold in supermarkets outside most primary schools in Beijing are a few yuan more expensive than ordinary pencil cases with Boonie Bears on them."

Xie Jingxing listened carefully and occasionally asked a few questions. During the several interviews a few years ago, Zhang Zhaotian was a little seriously ill and rarely explained anything, but kept talking nonstop.

Thousands of words can be combined into two sentences: no one understands the film and television industry better than me; don’t you understand this? Why don’t you understand anything?

This time it was completely the opposite. The atmosphere was peaceful and they discussed every detail. Except for the fire, his behavior remained unchanged. He was like two different people compared to before.

"You may not have heard of Xu Jinglei. She used to be an actress and later switched to being a producer. She has quite a bit of experience in the industry. According to what people outside say, she is a small boss in the Beijing circle," Zhang Zhao introduced.

Xie Jingxing couldn't help but smile: "Boss, he's from a gang."

"Hey, actually, in my early years, I just hung out with the kids from the Beijing circle, and messed around with the rock music guys. Feng Xiaogang and the like are all familiar faces. Now that I'm older and more experienced, I opened an artist management company to put together a play to promote my own people, and give them face in every way."

Zhang Zhao deliberately downplayed the issue and concluded, "Give her the female lead role. If she can pay more attention and bring in resources, we won't lose out."

Xu Jinglei has a youth campus drama web drama project on hand, and LeTV feels that it is worth investing in it, but the former requires the female lead to promote one of its own artists.

Shang Na, the content editor-in-chief who reports to Cao Yong, is in charge of this business. She has just arrived and is busy building her own team. The leading lady is not a small resource, and the effect of using her to win favors or cultivate confidants is visible to the naked eye.

There is no reason to give Xu Jinglei an advantage, both publicly and privately. After all, times have changed and the platform's financial backers are in control.

Zhang Yimou has to make a profitable commercial film for LeTV Pictures before he can make a film he wants to make. What's so special about you, a veteran in the circle?
Xu Jinglei couldn't handle Shang Na, so she found Zhang Zhao, who is also a senior boss in the Beijing circle, for help. She said that if it really didn't work, she would get investment from iQiyi, Youku and Tencent Video to continue filming.

He took the opportunity to mention that he was embarrassed to say to Xie Jingxing that "Xu Jinglei is the eldest princess of the Beijing circle", but Old Xu did have connections and resources, and he thought the script was okay after reading it.

"It sounds like we're taking advantage. Give her the heroine and have a good shoot."

Xie Jingxing is not Pan Shiyi. He doesn't have time to care about such things even when he is using his shadow clone. Zhang Zhaodong just talked about it once. There is no need to dwell on it. (End of this chapter)