May 18th.
Just one hour before the financing of distant PP related industries, the financial report of the divestiture industry was announced.
PP and its related industries, in the first quarter of 2009, the total revenue was RMB 3 billion, and the profit during the period was RMB 1.4 billion.
The Internet industry, especially the profitable Internet industry, once it is profitable, the profit margin will be very high, which is almost the norm in the industry.
As long as the enterprise is on the right track and begins to make profits, the proportion of expenditure relative to income is very low.
This is also one of the reasons why the market value of Internet enterprises remains high. It is almost certain to make money if it burns money in the early stage, but only if it is bigger in the future.
This is the financial report of the first quarter of the remote divestiture industry, and Teng Xun's first quarter financial report, in fact, has been published for a long time.
At that time, the distance has not yet started to Teng Xun, affected by the overall expansion of the market, Teng Xun's first quarter report is actually very good-looking.
In the first quarter, Teng Xun's total revenue was 2.5 billion yuan, with a profit of 1 billion yuan during the period.
From the perspective of the first quarter, in fact, the revenue and profits of the remote game industry have surpassed Teng Xun. It is not at that time that Teng Xun was weaker than that of distant. The key is that the profit of the game industry in the distance is much higher than that of Teng Xun.
In other words, after Teng Xun makes a profit, it will also give half to the distance, which is the main reason for the gap between the two revenue and profits.
The first quarter financial report of the two companies announced that, if combined, according to the financial report, the total revenue in the first quarter was 5.5 billion yuan, and the profit was 2.4 billion yuan.
In fact, we can't simply add the data.
Because Teng Xun was defeated in the second quarter from afar, we can't think that the revenue will drop and the profit will drop.
In fact, with the integration and reorganization of the two, there has been a monopoly in the field of instant messaging. The game business, remote and Teng Xun have become the first in the industry, including some related fields. After the integration of the two, the market share will be greatly increased.
It is obvious to all that the bigger the industry is, the wider the development prospect will be.
It may take a little time to complete the resource integration after the reorganization of Yuanyuan and Teng Xun. In the fourth quarter, it was almost unanimously felt that Teng Xun's revenue and profits would make a big breakthrough.
At that time, the total revenue of the first quarter will not be comparable to 5.5 billion.
According to the evaluation of professional institutions and the growth rate in the past, it is not surprising that Teng Xun's revenue reached 10 billion yuan in the fourth quarter of 2009 if the resource integration is smooth.
But profit, the profit margin of monopoly enterprises will only increase, but not decrease.
Even according to the previous proportion, the profit of the fourth quarter will not be less than 4 billion yuan. In the whole year, if the profit of new Tencent group reaches the expectation, it will break through the 12 billion mark.
If we only calculate from the static P / E ratio, according to Teng Xun's proportion, the total profit of last year was only about 2 billion yuan. Before this year's defeat, the market value had exceeded the HK $150 billion mark.
Don't calculate too much, just look at this data and compare it with the static P / E ratio. In 10 years, the market value of new Tencent group can reach HK $900 billion!
In US dollars, there is also a market value of 120 billion US dollars.
……
These data are widely spread on the Internet.
How did it spread?
Who helped?
All the investors in the banquet hall, all the investment banks, are staring at the shameless guy on the stage. Who can say anything except his own boasting!
Who's enterprise to this size, can still maintain this p / E ratio?
What's more, who said the profit will exceed 12 billion this year?
You said a breakthrough was a breakthrough?
One plus one is not necessarily greater than two. The whole market scale is here. Do you think that greater than two is greater than two?
Many executives of investment banks are covered with black lines. They stand under the stage without saying a word and watch Li Dong speak with passion on the stage.
On stage.
Li Dong danced and said: "the next few years will be the golden age of the Internet industry!
No, some people said the golden age of the Internet a few years ago, and the next few years will be the diamond age!
In particular, with the advent of the mobile Internet era, not to mention a wechat, it can not be reflected in tens of billions of dollars.
In 10 years, Teng Xun will surely bring you an unimaginable wealth!
Next year, even if Teng Xun does not break through any more and grows naturally, its market value will exceed 120 billion US dollars, even 200 billion US dollars!
Now, with 300 million shares and 2 billion US dollars raised, there are still some people who are hesitant and think the price is too high?
Everybody, everyone wants to make money, but you can't be too greedy!
The investment institutions that I followed Li Dong all the way down the road, who didn't make a large amount of money, said that those institutions of microblog round a financing, which had not yet been listed, have made a profit.
How long has this been?
Just a year!And Teng Xun this time is recombined, from suspension to resumption, long half a year, short is three months!
In less than a year, you have achieved 300% or even 400% and more than ten times the rate of return. Is there anyone who is not satisfied with such a return?
Don't say what I boast, I boast, now I step on my feet!
What I said will come true!
At the beginning, I said that the mall would become the world's first e-commerce platform, but now it's fast. Although the second quarter is not over yet, according to the performance statistics in April and the first half of May, we have surpassed Amazon!
I said that microblog should be the world's first social platform. Now it has reached the goal. We have surpassed the social networking sites such as Facebook.
You say, is this a boast?
I said Teng Xun's market value will exceed 120 billion US dollars next year. Who doesn't believe it!
All the cameras on the scene are facing him. This year, you stand here and say a word. Li Dong is bullshit!
Don't worry, I won't trouble you. Next year, I will open the video and make you feel ashamed!
It's only two billion dollars. It's not a family. There are people questioning me, Li Dong!
For so many years, those who question me will not be able to get along, or they will regret that they didn't believe me Li Dong and didn't follow me. Otherwise, who won't make a lot of money now? "
Li Dong said that his spitting was flying, and then he said: "today's on-site subscription, 300 million shares, 2 billion US dollars, you can do it yourself.
It's ugly to say that some people rush to invest in me, and even many people call me to tell me not to raise funds publicly, but to allocate them directly.
Two billion dollars is nothing. There are more rich people.
If it wasn't for the realization of my promise, this year's theme is sharing. Do you think you still have a chance to bargain with me here?
In addition, because this is the resumption of trading in Xiangjiang, the mainland of China and Xiangjiang institutions are slightly biased. I will give you 180 million shares and 120 million foreign shares.
Quick hands, slow hands.
I like people who talk about efficiency. They can register now. Other people don't have to ask. If they want to check the information, we have the information for you to check. We can look back slowly.
Today's subscription, the money will arrive in three days, the contract will be signed, and then you will wait for the amount of money, and nothing else will matter.
Don't talk to me about voting rights, management rights, the old rules. They are all common stocks.
When you make money, you don't talk about efficiency. What do you do about efficiency?
Quick decision, the faster the deal is done, the faster the deal is resumed. You can handle it within three days, and we will resume trading in three months.
Well, that's all
By the way, I forgot to say that there are limits. According to the strength of each company, the quota is different, and we don't hide it. If the strength is strong, we will welcome it more and have greater influence.
As for the weaker ones, there's nothing to say. Some people say that I don't need money, it's useless, and I have to influence.
When you are listed, you can't help, you can't speak, and it's useless to have money. If you have money, I don't have money?
If I really want to simply for money, why do I look for you? I can go to the bank to borrow ten billion yuan, and the bank will not lend it to me?
Two billion dollars, you don't have to be too complicated.
If someone is here, there is no need for the financing meeting to be held. Is it necessary to make such a big fuss? "
With a scornful attitude, Li Dong walked down the steps and said to Liu Hong on the side, "you don't have to make any speeches. It's unnecessary. It's a waste of time.
In this way, we can start to register for subscription now. If we can't save face, we can contact in private after the end of the meeting. However, it's hard to say whether there is any residual equity at that time. "
This said, everyone fell into a state of silence.
Special? I have never seen such financing!
You didn't even show us the information, and you didn't talk about the future. You just started to subscribe on the spot. Do you really think that $2 billion is not money?
I think so, but no one refuted.
There are some things that we all know, whether we say it or not.
If you brag a few words on the stage, you will be foolishly throwing money. It must be you who underestimate your own industry.
And what Li Dong should blow has been finished by him.
A few days ago, I told the MIH companies that the market value of US $50 billion next year will be fine. Today, Li Dong has blown more than $120 billion in his efforts to turn his head. How can he still boast?
Liu Hong, they dare not say that the market value will reach 120 billion US dollars next year.
Don't mention Liu Hong. Looking around the world, the real business tycoons almost dare not say this.
Today, Google ranks first on the Internet in the world, with a market value of more than 140 billion US dollars.
According to Li Dong's words, Teng Xun may surpass Google and become the first in the world next year.
When is the world number one so cheap?……
The managers of investment banks are talking in a low voice.
But Li Dong didn't care about them. He walked up to Ma Yun and said with a smile in his glass: "let's see you. It's such a small matter that some of you have come in person.
I don't know. I thought you were going to smash it. "
Ma Yun sneered: "I am not like some people!"
At the beginning, Li Dong broke the market in the past, and it was a very serious behavior.
At that time, it almost destroyed the financing, and even nearly let Ali fall into the situation of internal and external attack.
Fortunately, Ma Yun carried on that time, and even accelerated the financing speed.
This time, Li Dong financing, to say that Ma Yun has no idea of revenge, it certainly does not exist.
But how did Li Dong raise money?
There's no chance of hitting the field!
Shortly after they came in, Li Dong began to blow on the stage. It was not easy for everyone to interrupt.
What else can they say when Li Dong is finished?
Although the people of these investment banks are still talking and hesitant, Ma Yun and they are all old people in the world, which can't be seen.
If they are not interested or satisfied, they have to leave on the spot according to Li Dong's words.
Now it's better. Everyone says that Li Dong is too good at blowing and pulling. Money is not money in his mouth
But if you are so dissatisfied, why don't you go!
One by one, they still go to Liu Hong and they squeeze, squeeze a hair!
Ma Yun was jealous and envious in his heart, and he had to keep an indifferent attitude on his face.
Li Dong doesn't care about his attitude. Does it matter whether he has a $2 billion attitude? If they care more than Li Dong, isn't it too much?
Ma Yun and Li Yanhong held on. Liu Qing was a junior, but she didn't care about it. At this time, she couldn't care much. She said with a smile: "Mr. Li, two billion dollars is nothing to you, but to us, it's an astronomical figure..."
Before she finished speaking, Li Dong was not willing to say, "return to Mr. Li, general manager Li? As I said, don't be too polite with me.
Forget it. Don't worry about it.
Two billion dollars is too much for you, and I didn't let you.
I don't know if Goldman Sachs can take out so much money now. If it can, I didn't tell you?
You big investment banks, we have relaxed the quota to 30 million shares.
For 200 million dollars, if you have the ability, you can subscribe more, if you can't, you can buy less. I didn't force you.
Don't bargain. It's pointless.
And to tell you the truth, big niece, it's not your money. Why do you care so much every time?
Liu old mostly did not bargain, or his own business, you help outsiders bargain, why.
If not for the investment banks like Goldman Sachs, which also have some influence in the Xiangjiang financial market, none of them would like to enter this time.
There's no need to talk about the price. You should be really interested in it. I'll float you a few million shares. I don't need to say anything else. "
Liu Qing's face is helpless. Li Dong is the only one who hates to deal with in the current financial institutions.
Who hate financing the most enterprises, Li Dong is the only one!
But Li Dong is my favorite.
Because Li Dong can take them to make money, but his mouth is too poisonous, and his personality is also overbearing.
Of course, hegemony is also built on a certain basis.
When Li Dong didn't rise up, he dared to be so overbearing. Even if his company was listed, even if its revenue and profits passed the standard, these investment banks could make him suffer.
But now it's different. As Li Dong said, his fame and status are here. You don't invest, others invest.
You don't want to, someone does.
You think it's expensive. Some people think it's OK to make money.
If you want to sabotage, the first thing you will face is not Li Dong, but your peers who have invested in him.
Although Teng Xun has nothing to do with Weibo, but if someone sabotages Teng Xun, those investment banks that have invested in Weibo can't agree, because this is related to the whole remote industrial chain.
In this case, Li Dong naturally has a strong capital.
Liu Qing here, we did not say too much, Ma Yun several people see no way to destroy financing, also put down this mind.
Ma Yun was drinking wine with a cup of wine, and said with a little curiosity: "30 million shares, financing alone is 200 million US dollars. How much capital stock does Li Dong and Ma Huateng have now?"
As soon as this was said, many people came to take an interest in it.
Ma Huateng previously held 14% of Teng Xun's shares and held nearly 240 million shares. If this share is still maintained, the value will reach 1.6 billion US dollars.
Before that, Ma Huateng held about 220 million shares, and the remaining 20 million shares were bought back later.When Teng Xun reached the peak of HK $82 per share, Ma Huateng's fortune also reached its peak. With his own funds, it was about $2.4 billion.
If we can still keep the 240 million shares unchanged, Teng Xun resumed trading, Ma Huateng from the perspective of money, should not appear too much loss.
What Ma Yun and they actually asked was not money, but Ma Huateng's influence in Teng Xun, and even the direction of the next step.
If Ma Huateng still holds so many shares, the influence in Teng Xun will not be too weak, which also shows that Ma Huateng may not give up and continue to fight.
Once they have a chance, they fight.
Sometimes, seemingly unrelated topics are very important to them, and they can even make some prediction and layout in advance.
However, Li Dong is not an idiot who doesn't know anything. Hearing this, he said with a smile: "brother Ma is righteous. This time we acquired Tengxun shares, he said that he would not compete with shareholders and employees for profits, so he gave up a large part of himself.
Now, we will hold 100 million shares and we will pay him HK $3.2 billion. "
"100 million shares..."
People slightly coagulate eyebrow, it seems that Ma Huateng really gave up Teng Xun.
At present, the company holds 200 million shares.
Teng Xun's management and employees have also experienced a reduction in their holdings this time. At present, their shares are about 100 million shares, or 2%.
MIH and ABSA hold 500 million shares, accounting for 10% of the total share capital.
There are about 300 million shares in the secondary market, accounting for 6%.
This time, the new investment institutions hold 300 million shares, accounting for 6%.
After the buyback, 7.7 billion shares were held in the distance, accounting for 7.4 billion shares!
Of course, this is the proportion after the restructuring. If the trading is resumed, it is necessary to issue new shares. It depends on the amount of financing prepared for listing in the distance.
But in any case, Ma Huateng and Teng Xun's management, the total shareholding is only 4%, far away 74%, these two are not comparable, Ma Huateng is completely abandoned.
If he doesn't give up, it won't be him who will reduce his holdings at this time.
In order to win Teng Xun, Li Dong will not force him to reduce his holding, and even Ma Huateng may ask for an increase in his share capital.
It can be seen that Ma Huateng has made a decision.
thought of this, many people sigh, the pony does not give strength, this time failed in business, can suck the power from the administrative means.
Stay in Teng Xun, increase the shares in hand, get the management right, it is uncertain that Li Dong will be taken away one day.
It's a good thing to fight with Li Dong for several years. I have to go.
They were sorry, but Li Dong sighed: "brother Ma said that his share capital might be released when it was listed.
However, in the end, with the 3.2 billion Hong Kong dollars now in hand, little brother Ma has nearly 10 billion Hong Kong dollars in his hands.
With so much money, you can do anything.
I heard that, brother Ma may want to do the game platform alone this time, Teng Xun's game business is still good, he has experience.
If you don't play games, you should do search business, or else it will be portal network... "
Li Yanhong, Chen Tianqiao, Ding Lei and Cao Guowei look at him at the same time, and then they turn their heads and stop looking at him.
Are we idiots?
It scares us!
Although on the face is this pair of does not care about the expression, several people actually in the heart had the waves.
What's more, Ma Huateng's cash flow is more than 3 billion Hong Kong dollars. After the resumption of trading, Ma Huateng will continue to cash in
Li Dong's shares can not be fully cashed out, there is a sales restriction period, but now Ma Huateng does not have this restriction.
Once cashed out, it may be more than 10 billion Hong Kong dollars!
Such a lot of money, whether into the game industry, or into other areas, will have a great impact.
In particular, the other side is one of the industry's giants before. To say that there is no pressure, it is deceptive.
Portal is OK to say, Ma Huateng enters game domain, specialize in game business still possible.
And Shanda and Netease, now do, Li Dong and they have opened the gap, in fact, and their competitiveness is not too big.
Ma Huateng is different. Once he starts up again, he will soon become their biggest potential opponent.
……
Ma Yun saw that Ding Lei's faces were slightly up and down. He sighed and went to Li Dong and said in a low voice, "seriously, who did you learn from your mouth?"?
You're not old, and you don't have much experience, but you can't even compare these guys with you
Li Dong sneered: "a group of technical houses, what are they fighting about?
But then again, you are the only one in the industry. You are a technical idiot. If you don't even know how to shoot, you are really an idiot. "Ma Yun said sarcastically: "I can't do it any more. I should be better than you."
"Joke!"
Li Dong was just ready to refute. Zhao Ting, President of the communication company, came over and reported in a low voice: "general manager Li, the financing is over."
"What?"
Li Dong looks surprised, Ma Yun is also in a hurry to come over.
Seeing that Li Dong didn't catch up with others, Zhao Ting knew that Li Dong didn't mind. He repeated, "300 million shares have been subscribed, which is the price of 2 billion US dollars. CICC, BOC, ICBC, CITIC, Goldman Sachs, and Morgan Stanley These companies almost took more than 80% of the shares, and the rest were divided by some small and medium-sized investment banks and securities companies... "
Before he finished speaking, Li Dong burst out laughing.
In the banquet hall, people turned their eyes.
Li Dong laughed as if no one else was there. After a while, Li Dongcai said in a loud voice: "today, everyone has a good meal and drink. There is no need to talk about the rest. 300 million shares of equity have been taken down. Others are waiting for the next opportunity."
"What?"
"All taken down?"
"Damn it! How long is that? Asshole, didn't they say that the price is high and should be considered? "
"You're stupid. You're serious. Originally, the capital stock raised was not much. 300 million shares were more than meat. Fortunately, I just got 5 million shares..."
The whole banquet hall was in a hurry, and some investors were not angry. Can't he spend so much money these years?
Two billion dollars. It's over in half an hour!
Don't say they are not angry. Ma Yun almost died.
Is there such a big gap between people?
Before taking out treasure financing, the amount of financing was only half of that in the distance, and there was almost no big problem.
It's good to take out the treasure. Other Internet enterprises, not to mention 2 billion US dollars, have to spend three or five months on the financing of 200 million US dollars.
It'll be over in half an hour!
There is no comparison, there is no harm, at this time, Ding Lei a few people some regret, early know not to come.
What are you doing here?
Their own things delayed not to say, but also witnessed Li Dong's strong and domineering, as well as unparalleled momentum!
What is tough? This is tough!
When people raise 2 billion US dollars, the price is not low, and the result is simpler than their financing of 2 million dollars. Does he have the face to wait?
If it's not more humiliating to run now, many people really want to run away. It's a shame!
Many people can't help but look at Ma Yun. We're OK. We haven't raised funds recently, and there's no comparison. But you've only just raised funds. Don't you feel inferior to seeing this scene?
However, after seeing Ma Yun's reaction, many people sigh again that they are still cheeky and eat delicious these days.
The old horse, regardless of whether he was really or not, was smiling and congratulating Li Dong.
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