Ace Hollywood

The news of Daniel and China goes far beyond the establishment of DD China.

DD Pictures' entry into China and the establishment of a joint venture company is only a test of the waters of Hollywood movies, and in the overall environment, it is not a big move. However, Plutos Investment Company spent 1.3 billion US dollars to acquire 15% of Tencent's shares from Nasbe's subsidiary from South Africa's Nasbee and other major shareholders of Tencent. In addition, Plutos also invested in 40 million US dollars to cooperate with New to launch the Chinese version of MB. Of course, Plutos does not have a controlling stake. Today, when MB has extensive influence, it is impossible for the Chinese government to allow an American company to control a Chinese social network. Moreover, For Plutos, excessive participation in the closed Chinese Internet will also be criticized in the US market. Because, some people will think that this behavior is contributing to China's control of the Internet.

This series of big and small actions in China is very eye-catching, and it happened intensively before and after Daniel was crowned emperor again at Oscar.

Even Wall Street and Washington are inevitably distracted by the Hollywood fad.

The Wall Street Journal published an observational commentary on Daniel within two days of completing his information gathering on James Cameron.

Daniel is a frequent visitor to the financial sector. Whether he is revealed to be the boss after MB and F2F, or DD Pictures acquired MGM, these things are big events in the financial world. So he landed in the "Wall Street Journal", and the headlines of the "Financial Times" are not new.

But this time is different.

Instead of focusing on Daniel's China actions, The Wall Street Journal focused on the work that Raymond has been doing for a long time.

"Today, we're talking about Daniel **** - yes yes, this is the financial section, not the entertainment section. We shouldn't be surprised, Daniel is already a big man in business. But this The actions of the big men in the recent period are quite puzzling, and if we try to analyze it in depth, you will feel somewhat stunned.

the past month. Plutos has made a big investment in China's Internet, a closed world that is very different from the United States, but Daniel doesn't seem to be afraid. He has invested billions in a Chinese Internet company - a Hong Kong-listed company. Tencent. It owns the most popular instant chat tool in China, like MSN in the US, and Plutos has a 15% stake in the company, which is pretty much the second largest shareholder, of course. He doesn't have control over the company, in China, the founders of these businesses are always trying to control the company, so does the Tencent team, basically, for Plutos, this may be included in their global Internet In the industrial layout, it is not a specific intervention in a certain industry. What they can get, or try to get paid, should be a return on investment as Tencent's stock price rises -- if that's what Daniel thinks.

Besides. Daniel also invested in a Chinese internet portal and co-founded a Chinese MB with them, seemingly to avoid moral pressure at home, so Daniel calmly gave up control in the new company. Of course, according to China's complicated legal provisions, foreign capital is not allowed to directly enter network service companies. Therefore, the cooperation between New Wave and Plutos is a complicated work that lasted for nearly 8 months, and the cooperation method is not direct capital injection. take stock. But even so. Plutos's "resignation" is still surprising, if they wanted, they could have done more, the NEW wave listed on the Nasdaq. Its largest shareholder is the American BlackRock Group, of course, in terms of capital. So Plutos is not without ideas.

But under the cover of this series of actions is the rapid shrinkage of Plutos in developed markets. According to the research of the experts of this newspaper, this action of Plutos may have been going on for several months. Even for more than a year. Different from the previous large-scale investments in LinkedIn, , and other Internet companies, Plutos has recently disposed of a considerable number of assets in various fields. As an investment company, Plutos has strong strength. In the real economy field, there are a lot of shots. The recent actions have allowed them to quickly withdraw a large amount of funds, while at the same time, Plutos' loan debt ratio remains high.

To put it simply, Plutos is collecting money from home, and then saving it without investing, even at the risk of the bank's loan interest rate - this is indeed an unusual decision for an investment company.

The maintenance of cash flow is either for large-scale acquisitions or to hedge against risks. As a private company, Plutos did not disclose its purpose. But judging from various sources, Plutos has no significant investment behavior recently, so it can be speculated that it should be the second reason.

The default risk in the subprime mortgage market has recently attracted considerable attention. Lehman Brothers and Merrill Lynch, as well as the two houses, have been under considerable pressure - but it does not seem to be serious enough to require Plutos to take such drastic and high costs. degree of action.

 …”

This Wall Street Journal report brings to light the work that Plutos has been working on in a low profile~www.wuxiamtl.com~ The winds of the subprime mortgage crisis are blowing, but it is recognized that it will develop into a global There are not many people in the financial crisis.

Plutos' actions are somewhat incomprehensible.

After this report, Plutos took a more drastic move. It transferred its shares in MB, its only listed company, to Blackstone Investments and BlackRock, thereby transferring its controlling position in MB. Hands over for nearly $4 billion -- Plutos has benefited a lot from selling shares at MB's record high. It still holds a 30% stake in MB, in line with its stake in some other social media companies.

In addition to F2F's wholly-owned holdings, Plutos has completely positioned itself as an investment, rather than an operating company, after this battle.

But this is not the point of attention, the point is that, after this series of agreements, before the end of this year, after the funds are in place, Plutos will gather tens of billions of dollars in cash flow - it will bring Plutos The burden is terrible.

"What is Plutos thinking? Or, what is the young man who just won the Oscar, thinking?" (To be continued.)