Rebirth 2004: I can make money by writing.
Chapter 481 Liu Qiangdong comes to ask for financing
The media has always maintained a keen interest in the welfare benefits of Future Technology Group, and also likes to report on Hao Qiang's lifestyle, frequently reporting on his food, clothing, housing and transportation.
However, the real Hao Qiang is somewhat different from the image of a wealthy man that people imagine.
Although Hao Qiang is particular about food, he does not pursue luxury.
He has never tasted most of the island Wagyu beef, wild matsutake mushrooms, Alba white truffles, Emmaus caviar or Romanee-Conti red wine, which are considered top luxury ingredients.
He focuses more on the quality and nutritional value of food rather than its price tag.
When it comes to clothing, Hao Qiang does prefer custom-made clothing, but he doesn't pursue luxury brands.
Although his suits are tailor-made, the price of each suit is only tens of thousands of yuan.
This can be said to be quite restrained in the circle of wealthy people.
Interestingly, as the head of a technology company, Hao Qiang is not keen on wearing expensive mechanical watches. The Patek Philippe he bought a few years ago has not been used for a long time.
He himself believed that these jewelries would actually cause inconvenience during his frequent experiments and work.
Instead, he prefers to wear an electronic sports watch, which is more practical.
In terms of living, Hao Qiang indeed displayed a luxury that matched his status.
The large villas and imperial courtyards he purchased in many cities are already enviable enough, but they are nothing compared to his 2,000-square-meter super flat on the 38th floor of the company's headquarters.
What is even more jaw-dropping is the "Hao Mansion" covering an area of 150 acres. It is said that the investment is more than 5 million yuan and can withstand general missile bombing.
After long-term observation, the media finally made a relatively comprehensive summary of Hao Qiang's lifestyle: except for his extremely high requirements for living, his other living habits are not much different from those of ordinary entrepreneurs.
It is worth mentioning that Hao Qiang does not like flying, which is quite special and I don’t understand the reason.
However, given Hao Qiang's level of wealth, no matter how he spends, it seems difficult to be defined as "luxury".
As his wealth continued to accumulate, even the most lavish personal consumption could hardly keep up with the speed at which he made money.
Damn, I need to have at least a small goal of net profit per day!
In comparison, Hao Qiang's parents appear to be quite frugal in their spending.
When they travel, they use cars produced by their own company, and their daily wear is just some mid-range brand clothing.
But even so, the media praised Hao Qiang and his family for their frugal lifestyle.
"Even though he's so rich, he doesn't frequently buy luxury goods or spend lavishly. He can't even compare to the spending levels of some celebrities."
"If it were me, I would definitely live like some wealthy man, with a 6,000 to 7,000 square meter villa and a dozen beautiful young maids."
"You have to buy at least two planes. Planes are the standard for the super-rich."
……
Two days later,
On a sunny afternoon,
Liu Qiangdong came to Hao Qiang's office.
In the office, a set of exquisite tea sets is placed on the quaint coffee table, exuding a faint tea fragrance.
Hao Qiang and Liu Qiangdong sat opposite each other and talked about business matters.
"Mr. Hao," Liu Qiangdong said sincerely, "Every time I see you, I feel like I'm back in college.
You seem to be getting younger and younger, and your temperament is becoming more and more like a god."
Hao Qiang smiled and responded: "You are very young too."
In the past two years, Liu Qiangdong has been successful in his career. He behaves more like a successful businessman, is more confident, and even a little arrogant.
However, in front of Hao Qiang, he still kept a low profile and showed great respect.
Hao Qiang was a little gossipy and wondered whether he and that female internet celebrity would continue on their life journey together.
"Alas, compared to you, I'm far behind," Liu Qiangdong said frankly. "I'm 13 years older than you, but mentally, I feel like I've aged two generations. Especially the recent financing, it kept me awake at night."
Hao Qiang keenly grasped the key point: "How is the financing situation?"
"We're almost done with the discussion. I just came here to ask for your opinion," Liu Qiangdong said frankly. "We've raised $300 billion in Series E funding, accounting for 10% of the funding. The valuation is approximately $30 billion. The investors include Tiger Global, Bear Digital Sky Technologies, Ontario Teachers' Pension Plan, Google, and Walmart."
As he said that, he handed the investment plan to Hao Qiang.
Hao Qiang took it, took a quick look, and found no major problems.
After this round of financing, his shareholding ratio will be diluted to 35.721%, which is almost the same as Liu Qiangdong's shareholding ratio.
Now, he has a concern. If the company is listed on NASDAQ, his shareholding is a bit too high, and he may be targeted by the United States, such as fining Jingdong, so that they can control Hao Qiang's assets in the Jingdong stock market.
He has thought about listing in the country, but the strict listing requirements of the domestic capital market have become a real obstacle.
Three consecutive years of profitability and meeting the target net profit level are simply not in line with the requirements for Jingdong, which is in a period of rapid expansion.
Jingdong needs a large amount of funds to support its strategic layout in purchasing land to build logistics, technology research and development, and finance. It has been expanding and is in a loss-making state on the books.
In comparison, the US capital market undoubtedly provides broader financing channels and higher valuation space.
As the preferred listing platform for technology companies, Nasdaq has active trading and strong stock liquidity, which perfectly meets the monetization needs of investors. The operation difficulty in China is significantly higher.
Of course, if a company is listed on the Nasdaq in the United States, it can also be listed on the Hong Kong stock market. There is no conflict.
For example, if a company wants to raise $300 billion through Nasdaq, how many shares will it need to release? Based on the stock price in the secondary market, the market value may be $30 billion.
If it wants to raise another HK$100 billion in Hong Kong, it will have to release a corresponding number of shares. The market value may be HK$2500 billion, which is slightly different from the market value of Nasdaq, but not too different.
In fact, the United States has no way to deal with Hao Qiang, so it can only vent its anger on Jingdong, which will then affect the value of Hao Qiang's shares.
After listening to Liu Qiangdong's financing plan, Hao Qiang remained calm and nodded slowly, saying, "These investors are well chosen. They will be very beneficial for promoting the Nasdaq listing."
"By the way," Hao Qiang changed the subject, "how many registered users are there currently?"
A hint of pride flashed in Liu Qiangdong's eyes: "It has exceeded 40 million, and it is still growing rapidly. The number of users has already surpassed Taobao."
"Well, not bad." Hao Qiang nodded slightly.
Liu Qiangdong attaches great importance to Hao Qiang's opinions.
In the past few years, Hao Qiang has provided many valuable suggestions for the development of Jingdong. These suggestions often hit the mark and have had a profound impact on the company's strategic development.
At this moment, he asked sincerely: "Mr. Hao, do you have any suggestions for the development of the company?"
Hao Qiang fell into a brief contemplation. After a moment, he slowly spoke:
“The core of e-commerce lies in building a healthy ecosystem.
First of all, merchants must be given enough profit margins.
Only when merchants can obtain reasonable profits can Jingdong maintain a rich and diverse supply of goods and thus attract more consumers."
He paused and continued, "Quality and reputation are the lifeblood of e-commerce platforms.
The current e-commerce market is full of mixed bag and fierce competition. To fundamentally solve the quality and trust issues, more proactive measures must be taken.
There are a large number of middlemen in the market. One source of goods involves countless middlemen and terminal merchants, which leads to inflated commodity prices and damages the interests of consumers.
Jingdong should strive to reduce the number of intermediate links and support more manufacturers with good product quality.
By supporting direct sales from manufacturers, we can not only lower product prices but also ensure the original quality of the products.”
Liu Qiangdong listened attentively and thought seriously about these suggestions.
Then, Hao Qiang reminded some things.
After he finished speaking, Liu Qiangdong said respectfully:
"Okay, I understand. Thank you Mr. Hao for your valuable advice."
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