King of Capital

After the Lantern Festival, Xie Jingxing returned to work, sitting in the office of Grapefruit Capital every day, paying attention to market trends while busying himself at his desk.

Ofo lived up to his expectations. In early February, Didi was willing to acquire it for $15 billion, while the former asked for $20 billion.

In the middle of the month, the buyer's offer dropped to US$10 billion, the seller asked for US$15 billion, and at the end of the month, the buyer's last offer was US$8 million.

The seller directly overturned the negotiation table and asked, "Do you fucking think I'm an old farmer selling seasonal cabbage?"
——The whole market knows that ofo is far worse than Laonong, and that Wang Xiaoer’s life is getting worse day by day. However, Mr. Dai himself feels insulted.

Generous contribution to the venture capital industry. A classic example of how timing is more valuable than gold during acquisitions.

It was not until early March that, under Zhu Xiaohu's furious request, Dai Wei returned to the negotiation table and tried to negotiate a price of $10 billion. Didi expressed regret for this, saying that the situation was hopeless and that no god could save it...

On the second day of March, there were sporadic reports on the Internet that the ofo software was unable to log in and that it owed the platform millions of dollars in server fees.

At the same time, Xie Jingxing arrived in Beijing with a folder that took him more than a month to write, and a two-inch photo with a blue background on his chest.

"Mr. Xie, as the youngest delegate of this session, how do you feel about attending the conference for the first time?"

“It feels good, it’s an honor.”

"I heard that you have prepared several proposals this time. What are the key points of your proposals? What pressure do you feel in speaking on this occasion today?"

"Pressure? No pressure. I am just offering some small suggestions for the development of the financial industry."

"Mr. Xie, we all know that you have close relationships with many representatives from the Internet industry. They have already arrived. Will you communicate with them during this meeting?"

"Of course, we'll definitely chat if we get a chance. I'll go in and say hello to them first."

Xie Jingxing broke out of the circle of reporters with a smile on his face, walked briskly up the steps, and approached the solemn and dignified main entrance.

He said he was saying hello to old friends but there were so many people at the scene that before he could get close to Pony Ma and his group of familiar internet faces, he was blocked by many of his colleagues.

Originally, Shen Nanpeng was the only leader in the venture capital industry, and he still is today.

Because it is difficult for everyone to define Xie Jingxing to belong to a certain sub-sector, it is beyond doubt that he cannot be categorized, which means he represents the entire financial industry, which is very reasonable...

"You guys at the securities firm have so many people and are working together, so I can't take your job." Xie Jingxing was surrounded by people and joked with the new boss of CITIC Securities next to him.

The former boss who cooperated remotely in rescuing the market during the stock market crash and used the most ruthless means officially retired last year and returned to his hometown. Several of his trusted middle-level managers went in to accompany Xu Xiang on the sewing machine.

The 'No. 1 private equity boss' who was only interested in making money and had no intention of taking equivalent responsibilities has passed away. Although Xie Shaoshuai never claimed to be a private equity leader, and he didn't even attend the industry's year-end award ceremony, it seems that no one can surpass him to inherit Xu's title of chief leader.

"I do have a few words to say to you today. Please forgive me if I said anything wrong." Xie Jingxing turned his head and looked to the other side.

Several representatives from the banking industry said nothing but nodded and smiled. Jichun Bank was far from being able to represent the industry, but it was a pity that the guy in front of them didn't want to hang out with them at all, and they couldn't stop him from saying a few words today.

The smell of gunpowder and embers from the Wanbao dispute lingers, and everyone has more or less sensed a change in the wind direction in advance. Since he has taken the lead, all we can do is wait and see.

Xie Jingxing finally looked around and said, "There are both in-depth interactive cooperation and barriers in various sub-sectors of our financial industry. It's rare for us to get together. I have reserved a seat at the Four Seasons Hotel tonight. Everyone can come if you have time."

There are more than a dozen representatives in total, including the three traditional financial pillars of securities, banking, and insurance, as well as many emerging financial fields such as VC/PE, asset management, and Internet finance.

There is importance in matters of importance, and closeness in matters of distance. How can we talk about drinking and laughing happily?

This statement was a bit too broad-minded, and everyone felt disgusted and resisted, but no one wanted to be the first to do so.

He was young and full of vigor and vitality, and he was the one who performed. He danced so happily, but he died miserably on the day he fell down.

As for standing forever?
Then he is really awesome, everyone admits it, and there is nothing wrong with shouting three times that the young marshal is the best of his time.

Xie Jing Xing seemed to be unaware of everyone's mentality. He adjusted the badge on his chest and was the first to step onto the red carpet and walk into the center of the venue.

…………

【Xie Jingxing, founder of Jingxing Investment Group, spoke on behalf of the financial industry at the meeting and talked about the proposal of "Building an International Financial Center and Creating a Business Environment with Chinese Characteristics". The proposal specifically suggested: 1. Continue to optimize the source of funds in the private equity market and promote the sustainable and high-quality development of science and technology innovation investment projects.

2. The banking industry should speed up the establishment of the enterprise loan support process and optimize the review mechanism for assessing the enterprise's guarantee repayment ability and risk resistance.

3. Improve laws and regulations, promote the standardization of the financial industry from separate supervision to mixed supervision as soon as possible, and guide the healthy development of the financial industry through the rule of law...】

"Boom."

The sound of the cup hitting the ground and breaking drowned out the twenty-second evening news commentary. Old Wang paced back and forth with his hands on his hips like an angry lion, wishing he could get into the TV and tear the young, deep-minded face into pieces.

He was absolutely certain that many people who were watching the news at this moment had the same impulse!

First, optimize the funding sources of the private equity market to promote high-quality development of the venture capital industry. On the one hand, it directly points out the funding source issues of Baoneng and Evergrande in the Wanbao dispute, and on the other hand, it pulls the trigger and shoots at low-quality garbage projects such as ofo bicycles that are recklessly hyped by capital.

Secondly, there is no need to talk much about banks tightening lending, as this is intended to kill all companies that are deeply involved in the capital operation game.

Finally, the financial industry supervision system was changed from the original separate supervision, with the banking, insurance and securities commissions each responsible for their own business, to a merger of the three to form a giant regulatory unit responsible for mixed supervision of all financial business categories...

Qu Dejun reported that the financial circle was in an uproar, with people stabbing Xie Jingxing in the back and cursing his ancestors. This kid was so crazy that he even chopped himself.

As an outsider, Lao Wang didn't know whether what the capable person in charge of Wanda's financial business said was true or false, but half an hour ago he personally called Xie Jingxing to make an appointment for dinner. As a result, he learned that this person was drinking at the Four Seasons Hotel and the leaders of the four major banks were there.

How does this look like he has offended everyone and his family's ancestral graves are going to be dug up?

"No matter what, we must meet him."

Lao Wang walked around until he felt dizzy. He finally managed to digest the anger in his heart and made a decision with gritted teeth: "As long as he can push for the A-share listing, the price can be negotiated!"

"Actually... after such a long time of contact, I can feel that he has ideas about our cinema business." Qu Dejun stood with his head bowed, his expression embarrassed and no longer as gentle and elegant as before.

Lao Wang's momentum stagnated, and a stomach full of curse words stuck in his throat, unable to utter them out loud.

From the era of Weying to the new Big Hunger, and the trivial scandal of Pony.com maliciously poaching employees, it was almost clear to Xie Jingxing that he coveted Wanda Cinemas.

On the contrary, Wanda does need the two platforms of online ticketing and local life to improve its industrial ecosystem and access the huge customer traffic on the Internet ports.

Furthermore, last year, when the company was privatized from the Hong Kong stock market, it generously allocated 50 billion shares to Grapefruit Capital. It was not just a name for itself, but it hoped to use the great power of Young Marshal Xie to pressure other investors to pay more.

Both parties knew that they were using each other. Lao Wang and Wanda's internal management were confident that the road to returning to the A-share market would be smooth. The successful listing and raising money would be a result of their superior skills. No matter how many ideas Xie Jingxing had, he would not know where to start.

What they never expected was that after completing the privatization plan and delisting from the Hong Kong stock market in August last year, the application materials submitted to the Shanghai Stock Exchange many times were all ignored, and a number of state-owned enterprise giants in the industry that were introduced as investors who said they would help disappeared inexplicably.

No progress has been made in returning to A-share market so far.

It may be because Rhein Sports’ acquisition of a Premier League team was singled out, affecting the direction of the overseas acquisition wave; or perhaps it was the fierce battle among Vanke, Baoneng and Evergrande that led to a negative regulatory view on the listing of real estate companies.

Amid the chaos among Wanda's internal executives who were blaming each other, Xie Jingxing suddenly threw a fatal nuclear bomb.

If the banking industry tightens its corporate guarantee loan business, and the nine investment entities and dozens of investors add up to a total of 350 billion yuan, the so-called investment is actually a gambling fund that needs to be repaid when it matures...

Maybe it’s because I’m getting older and my high blood pressure is making me feel more and more dizzy.

Lao Wang wiped the non-existent sweat from his forehead and said in a deep voice: "In the past few years since Wanda Pictures was independently listed on the A-share market, the capital has given us a very good evaluation. Unless it is absolutely necessary, we cannot let Xie Jingxing get away with it."

"..."

Qu Dejun nodded silently to show that he understood.

Counting on one's fingers, the huge debt of tens of billions is about to come out. If Xie Jingxing is not allowed to get what he wants, he will have to sell other assets to pay off the debt. The current situation is forced.

Wanda Cinema Line is about to put its products on the shelves. (End of this chapter)