Reborn Entrepreneurial Giant

On September 15, Lehman’s stock price plummeted, and the Vision Fund’s US$200 million plus 2.5 times leverage shorted Freddie Mac, Fannie Mae, AIG, Citigroup and Lehman, and Citibank’s share price did not fall below US$1.

Taking advantage of Lehman's announcement of bankruptcy, the stock price plummeted and repurchased a large number of stocks. After the settlement, they returned 450 million US dollars in cash. This wave made 250 million US dollars, which is simply a money grab! The Vision Fund has grown to $800 million in cash.

Not only that, Qu Li has bought short-term options since last year, and this time all settlements have been settled, and he has an extra 500 million US dollars in cash in his HSBC account.

On September 16, when the international crude oil price fell to US$91, Xiangjiang Investment took the opportunity to liquidate 10,000 lots and earned US$490 million.

Quli’s properties have made a lot of money, but in order to acquire Xiangcai Securities, of course they have to conceal the income from the Xiangjiang investment. Although 20% of the dividend income will be reinvested repeatedly, what can be seen is only 2% of the management fee, but said If Xiangcai Securities is not allowed, some people will feel unwilling.

Zhang Yiwen is still willing to cooperate. With more than one billion U.S. dollars in cash, she has full confidence in the acquisition of the assets of ProLogis Asia Pacific, as well as the Motorola Building.

"Xiang Province took the initiative to contact us." Sun Jianhe excitedly called Qu Li

"Don't lower the price, make a quick decision!" Qu Li was worried that things would change later

"Okay! I'll ask them to help set up QDII." Sun Jianhe

When a whale falls, everything grows, and Yuanjing indirectly enjoys the dividends brought about by Lehman's bankruptcy. The global stock market and commodity futures market are almost falling. Domestic A-shares are all green, and the Shanghai Composite Index has fallen below the 2,000-point mark.

It is his luck to make money. Unfortunately, Jumei's stock is also among them, and it fell below $10 again. Fortunately, he has a large amount of cash and will not go bankrupt.

Originally, Qu Li wanted to arrange a place for the money he earned this time, but Hunan Province wanted him to go back, and made the final communication on the acquisition of Xiangcai Securities. At the same time, the leaders of Guangdong Province convened a discussion with foreign trade export units to help companies solve practical problems. Jumei was invited as one of the few Internet e-commerce companies that grew against the trend during the subprime mortgage crisis.

"We invite you here this time, and we mainly want to know a few questions. Where did you get the funds to buy Xiangcai Securities?" The industry is in a panic.

"We must ensure that Xiangcai Securities is not controlled by foreign capital..."

It is relatively simple to prove that the money belongs to Qu Li. Although the Vision Fund and the Vision Fund are in charge of a team, they have no affiliation. of.

As for how Qu Li earned his money, please submit some materials if necessary. Anyway, he had already prepared and kept the original receipts. Anyway, he did not break the law. Oh, you can't say that, there are many "pocket crimes" in the country, as long as the relevant departments want to arrest you, they can find a reason 100%.

A typical example is a third-party payment like Alipay, which was 100% non-compliant at the beginning; another example is Huawei, whose virtual stock model is 100% illegal fundraising. When ZTE reported Warwick, the father of CICC's current CEO came to investigate, and it seemed that it was specially approved in the end. Warwick was the only one in China.

"Will you participate in the management of Xiangcai Securities?"

"Not in the short term. There will be many opportunities for cooperation between Jumei and Xiangcai Securities in the future. Taobao has Alipay, and Jumei has Jupay. They are all related to finance. If the country relaxes restrictions on Internet finance, Alipay or Jupay With payment as a platform, online banks can even be established, and funds and insurance can also be sold on an agency basis..." Qu Li was bragging, explaining why Xiangcai Securities needs digital transformation and why it needs to transform like wealth management.

"It must be acquired, can't we inject capital?"

"Of course, but we want shareholders to be more concentrated. A company can only have one direction, and there can't be too much noise. I can sacrifice short-term financial indicators for long-term interests, including but not limited to long-term unprofitability..."

"If it is not profitable for a long time, can the enterprise still develop?"

"This requires the introduction of a financial indicator called free cash flow. The company maintains a high revenue growth rate, but maintains a low gross profit margin and reinvestment ratio for development."

"In that case, we can do it too!"

"Envision wants to hold a controlling stake!" Qu Li insisted

"certainly."

When Lehman went bankrupt, it cannot be said that Lehman Brothers was useless. How could it be worthless to be one of the top five investment banks in the global financial center? Xiangcai Securities is joined by talents from the Lehman family. It can introduce international advanced management systems and absorb the experience and lessons brought about by bankruptcy. It should and can strengthen the risk control of the enterprise.

Under the financial crisis, A-shares fell below 2000 points, and market transactions were sluggish. As an ordinary member of Xiangcai Securities, its performance will naturally decline. Even if there is Fei Liwen from Lehman in the executive team, it will not help. The conversation between Xiang Sheng and Qu Li was more like a final struggle.

At this time, Qu Li holds Jumei with a promising future in his hands, as well as the glory with a bright future, all of which are miracles created in an unfamiliar industry. Xiangxing does not doubt his ability, but where the money comes from is always a question. Just be legal.

The conversation went well, and Hunan Province cooperated surprisingly, but the investment plan became more complicated, with capital injection and equity acquisition carried out in stages: Yuanjing first injected 200 million US dollars into Xiangcai, plus 15% of the previous capital injection, Yuanjing increased its stake to 42%. In the end, it will cost about US$100 million for the acquisition, increasing the shareholding ratio to 57%.

After confirming the acquisition plan, Qu Li and Xiangcai executives met. Large-scale adjustments are certain. Whether the new CEO Sun Jianhe can choose to stay is the vision department, the Lehman department, and the Xiangcai department. Among them, part of the original executive team of the Xiangcai Department will be purged, and the new leader is still unknown. High-level executives who want to make trouble can take the early morning to see who kicked who out!

There is also Zhang Yiwen, after building momentum for her, she will become a senior executive of Xiangcai Securities. Yuanjing and Xiangcai hold 60% of the shares of Xiangjiang Investment. Andrew and others from Lehman joined Xiangjiang Investment. Zhang Yiwen will most likely become Lehman representative of the department.

Because Xiangcai Securities is not a listed company, the information that Qu Li is the actual controller behind the scenes does not need to be disclosed, and he handles various trivial matters in an orderly manner, but some media still found him and asked for an interview.

"What does melamine have to do with me?" Qu Li thought that the information about the acquisition of Xiangcai had been leaked, but he didn't expect that it had nothing to do with it.

"When you were recording the program at the central station, you said that there was a very serious quality problem in the Chinese women's milk industry, and now it has really exploded..." This reporter somehow found such an entry point. It seems that Qu Li didn't pay for it. This is for him. Send soft text?

It turned out that on September 5, after negotiating with Hebei Province to no avail, the New Zealand court directly notified the central court of the quality problem of a certain deer milk powder, which ignited the crisis in the milk industry at this time.

Very ironic, right? In fact, the problem of milk quality did not start in 2008, nor did it start in Hebei Province. It involved a large number of leading milk companies from north to south, such as the nationally well-known Molu, Mengniu, Yili, Guangming, Yashili...

"You know that some domestic milk powder such as Lu has quality problems, so Jumei has not sold any domestic milk powder?" The reporter murdered his heart