2003: Starting with Foreign Trade

Chapter 475 The Fission of Massive Engine Cash Flow (Seeking Monthly Tickets)

Tan Jincheng had relatively strict requirements for the target company for Flash Technology's backdoor listing.

First and foremost, the market capitalization cannot be too high. Generally speaking, the market capitalization of a company seeking a backdoor listing is around 20 billion, which is the most suitable.

Of course, this is the A-share market, which has just experienced a top bull market of 6000 points. At this moment, the stock index is still around 5000 points, and there are no stocks with a market value of 20 billion yuan in the entire market. However, this does not affect the ability to look for targets in advance.

Going public is a complex process that can take several years from preparation to the IPO, and there is always the possibility of failure. The preparation period for a backdoor listing is shorter, but it is still not as simple.

2008 was a year of declining stock prices, with most companies' market capitalization falling to historic lows. The financial crisis caused many companies to face operational difficulties, and Flashlink, which wanted to go public through a backdoor listing, had absolutely no need to choose those completely worthless shell companies.

The owner of a completely worthless company is eager to cash out by using it as a shell company, and only wants to get rid of the company as soon as possible. However, due to the shortage of resources, this thing is destined not to be cheap.

Ideally, they should find a company related to the automotive industry. This way, the existing business can be spun off to supplement Flash Motors' automotive business, allowing them to enter the fast lane of car manufacturing as quickly as possible.

Yes, our boss Tan has big ambitions. In this round of financial crisis, he wants to give FlashTech a shell company and also wants to acquire a car company!
This requirement was very difficult for Huang Ming and Cheng Linfeng. Since Huang Ming took office, ByteDance's advertising platform has not made any major moves. Apart from helping to launch Orange Products, its most important task is to cooperate with Cheng Linfeng to find shell companies.

Cheng Linfeng was looking for target companies in the secondary market, while Huang Ming was conducting research offline. As someone who had started several businesses and had rich experience in the internet industry, although he didn't understand the automotive business.

However, conducting on-site research, checking the production status, and understanding the financial situation are still basic qualities for such high-level talents, not to mention that Huang Ming did not take office alone.

Even when Cheng Hao came to work at Orange Technology, he brought a whole group of people with him. Huang Ming's status in the internet industry is much higher than Cheng Hao's, so his arrival was basically a whole team.

This is the advantage of recruiting top talent. They bring a group of top talents with them, which greatly enriches the company's talent structure and is much faster than recruiting and training them one by one.

The same applies to poaching Sun Tongyu. As the CEO of Taobao, Sun Tongyu must have his own loyal followers within Alibaba. With his recent purge, his followers were naturally affected, and it was only natural that they would follow their boss.

If you were an Ali employee 10 years from now, especially a senior executive, you wouldn't even bother working for Tan Jincheng for free. He's too much of a PUA (Pick-Up Artist) type, he's got a whole set of slang terms for people in the internet industry, and he'd cause internal strife at almost every company he joined, with many of his employees ruining their new employers.

Such so-called talents are actually quite terrifying. They have been engaged in internal strife for a long time, and their PUA techniques have reached a level of perfection. Small business owners definitely can't beat them.

In 2007, the employees of Ali, especially those working at Taobao, had not yet undergone this qualitative change. Their ability to make Ali bigger and stronger in a short period of time, and to maximize Taobao's market share in competition with foreign online shopping sites and established players like Conghui.com, is enough to demonstrate their capabilities.

Furthermore, those who were personally removed by Jack Ma are not compatible with the later Ahri character from any perspective, so you can use them with confidence.

After resting with Gu Qingqing for a while, Tan Jincheng returned to his office on the top floor of the Flash Drive Building around 1 p.m. Cheng Linfeng had already arrived at the agreed time and was waiting in the conference room.

"I even called you over on the weekend, did I disturb your rest?" Tan Jincheng said casually with a yawn, having just woken up.

The investment department of ByteDance Securities, which was enjoying great success some time ago, has been cooling down in the market for almost a month. The traders have started taking turns to take long holidays to rest, which is a reward for their hard work during this period.

However, Cheng Linfeng was not so lucky. In fact, after several months of bottom-fishing and buying, ByteDance's stock trading platform not only gained fame but also made a lot of money. Currently, the company's securities account holds less than 0.5% of the stocks, with only a small core position remaining.

All the gains were converted into cash. Even Tan Jincheng's Moutai shares were sold. He cleared out all 10 shares of Moutai at an average price of around 180 yuan, bringing back 1800 million yuan in cash.

Including dividends and other gains, Tan Jincheng has made nearly 1500 million yuan from this intermittent investment in Moutai. A return of 4.6 times is not particularly outstanding among most long-term held stocks.

But as someone who was once a retail investor, this is the first time I've ever truly made money in the A-share market, and by such a large amount. It's incredibly difficult.

The saying "Don't speculate in stocks, it's harmful" is not just a casual remark.

However, Tan Jincheng hasn't really figured out how to spend the 1800 million yuan yet. His current expenses are all with the company, and he doesn't have any personal expenses to spend.

Buying a house? No need. Buying a car? I don't need to buy it with my own money.

Tan Jincheng seemed to have no idea about other expenses. Once one's economic foundation reaches a certain level, and one is usually very busy with work, the need for material things is indeed not that great.

In addition, since everything is always arranged perfectly when I go anywhere, I can't even think of any place where I'd spend money.

In the past, when the company was less regulated, some donations came from personal accounts. However, as the company has become more regulated, donations are now processed through the company's accounts, and Tan Jincheng rarely needs to donate money himself anymore.

Aside from sponsoring some impoverished students and supporting the construction of his hometown, there were almost no additional expenses, and these didn't cost much. Tan Jincheng's profits were just a small part of the story; the real impressive returns were from the secondary market investments in ByteDance's ByteDance platform. Leaving aside the returns from long-term investments like Moutai and SAIC, just considering the portion Tan Jincheng borrowed to increase his holdings last time, that portion alone yielded substantial profits.

Thanks to the example set by Xiao Liu, a master of speculative trading, he completed his task in less than a month. Subsequently, even some other traders who were not suitable for short-term trading all transferred some of their funds to follow Xiao Liu and try their luck.

By the time the funds were liquidated at the end of October, the initial 4000 million yuan had grown to over 1.2 million yuan. Most of the profits were earned by Xiao Liu, a big-time speculator; this guy is truly gifted.

Unfortunately, after generating substantial profits for the company and accumulating his first pot of gold, Xiao Liu unsurprisingly resigned. In addition to Xiao Liu, two other highly profitable traders also requested to leave.

The company lost two talented individuals. Although Tan Jincheng felt it was a pity, he could understand. In the secondary market, it is difficult to let capable people, especially those with short-term trading talent, work independently for a long time.

However, next year will be a major bear market. How many of those who made a lot of money in the stock market this year, including Xiao Liu, will survive the bear market depends on their individual fortunes.

Tan Jincheng understands their departure and has no intention of interfering with their future career plans. Being able to emerge from the bear market is a testament to their individual abilities and deserves our blessings. However, if they truly lose everything, Tan Jincheng welcomes them back.

Losing money doesn't mean you lack ability.

Excluding the share of the basic requirements, based on the cash of 1.2 million, the company's gross profit from this 4000 million yuan exceeded 6000 million yuan. In just a few months, this money was practically handed to them for free.

In addition to these, the overall return on the early investments exceeded 5 times, with the long-term investment returns exceeding 2 million yuan. Including the dividend income from corporate investments, the cash reserves in the ByteDance Engine account are currently as high as 3.16 million yuan!

Just as 100 million yuan in assets is not the same as 100 million yuan in cash, 3.16 million yuan in cash reserves can have a tremendous impact after being amplified.

For a 30 billion project, there's no need to prepare that much funding from the outset.

It is entirely feasible for FlashTech to secretly launch a backdoor listing plan at this time, leveraging the cash reserves of ByteDance.

But first, we need a target, and that target has already been identified.

After chatting with Cheng Linfeng for a while about the current financial situation of ByteDance's advertising platform and its future usage plans, it quickly came to 2 o'clock, at which point Huang Ming also came online.

Only Tan Jincheng and Cheng Linfeng were in Boss Tan's office on the top floor, and it was quiet.

Huang Ming logged into Dingding as soon as he returned to the hotel. Dingding had an online meeting selection feature, and the meeting room that Tan Jincheng entered belonged to the ByteDance Engine section, which had the highest level of access and could only be entered by the three of them.

"Good afternoon, Mr. Tan and Mr. Cheng. The Orange Products Club project has received a good response since its launch," Huang Ming greeted from the other end of the computer.

The resolution was low, and the hotel's network was a bit laggy, so Huang Ming's words came through the screen intermittently, resulting in a poor viewing experience. However, this was the best that Flashcore and even major manufacturers could achieve at the moment.

The video conferencing feature was a novel idea in the Dingding project team. Although the results were only so-so, it solved the problem of how senior executives could report on company work and hold meetings with their subordinates when they were on business trips.

In summary, although Flash Group and Orange Technology are newcomers to the internet industry, they still have some real strengths.

"Haha, that's really great. Thank you, Mr. Huang, for your selfless contributions over the past few days. Orange Products Club's success is largely due to your efforts."

"Oh, not at all. I saw the promotion this morning, and it was very effective. It's all thanks to you, boss."

Cheng Linfeng also offered his compliments, saying that today was a big day for Orange Technology, but the boss still scheduled the meeting for today, showing how much he valued this project.

"Alright, we're all old acquaintances, so let's skip the flattery. When Mr. Huang gets back, I'll invite you and Mr. Cheng to my home to try some Anhui cuisine. Now let's get down to business; Mr. Huang's time is also very valuable."

"Alright, let's get down to business. First, let me talk about the company I've researched. I think we have a real chance of winning them over!"

Huang Ming on the other end of the screen was a little excited. His first task after joining the company was to lead a company to go public through a reverse merger. This was an opportunity that not everyone had.

Cheng Linfeng, who was sitting next to Tan Jincheng, also looked excited after hearing that the plan was feasible.

Damn it, I'm no longer that incompetent fund manager!
(End of this chapter)