Rebirth of the Financial Crisis Sweeping the World

Time passed slowly. Ding Yi, Chairman of Zero2IPO Group, finished his speech, followed by Ni Zhengdong, President of Zero2IPO Group.

Wang Guanxi was drinking tea while chatting with Ma Tianteng, Liu Chuanzhi, Liu Jingdong, Li Tianfu, Lei Xiaomi and others around him.

Li Tianfu and Lei Xiaomi, both of whom had just arrived, went to find Wang Guanxi.

Li Tianfu sighed: "Today is really a grand event. Investors and entrepreneurs are all crowded here."

Nowadays, the venue is crowded with people. There are so many entrepreneurs and investors here. It is not easy to choose a suitable startup company to invest in.

Lei Xiaomi also said: "There are entrepreneurs in all walks of life. I don't know what to invest in. They all feel good. Mr. Wang, which industries do you think are more suitable for investment?"

Li Tianfu also looked at Wang Guanxi expectantly.

Wang Guanxi smiled and said: "Mr. Li, Mr. Lei, Internet technology is still the main direction of investment. I will invest in the high-tech industry for the time being. This time I will invest in semiconductor companies."

Li Tianfu: “I will invest in Internet companies”

Lei Xiaomi: "I will invest in a software company"

Ma Tianteng smiled and said: "I have taken a fancy to two Internet companies."

Liu Chuanzhi also said: "Wait until I finish my speech and see what I invest in. I am still looking forward to companies in the electric vehicle industry."

Liu Jingdong listened on the side without saying much. He came here to find partners or make friends with entrepreneurs who could cooperate with him in the future, such as Ma Tianteng's QQ platform and Liu Chuanzhi's Lenovo mobile phone.

At this time, Liu Jingdong suddenly asked: "Mr. Wang, do you want to give a speech?"

Wang Guanxi smiled and said: "No, I don't have anything to say."

On the stage, Shen Nanpeng of Sequoia Capital, Dong Jinfei of Lianda Investment, Ratan Tata of Tata Technologies, Xiong Xiaoge of IDG, Zhang Lei of Hillhouse Capital, Liu Tianmin of SoftBank Group, Zheng Jiansui of Blackstone Group and others One after another spoke, expressing their views on the current industry, including the economic situation.

Dong Jinfei: RMB financing is not easy

Ratan Tata: Not a good time to raise dollar funds

Xiong Xiaoge: There are still many opportunities in the Internet

Zhang Lei: Operational capabilities are more important

Liu Tianmin: Entrepreneurs need business integrity

Zheng Jianxun: PE and VC are not corporate parasites

··

Dong Jinfei, Ratan Tata, Xiong Xiaoge, Zhang Lei, Liu Tianmin, Zheng Jianxuan and others showed great pretense on the stage, and their speeches were clear and logical.

There was a round of applause.

Then Ma Tianteng, Wang Wanke, Liu Chuanzhi and others also took the stage to give speeches.

Li Tianfu, Lei Xiaomi, Qin Congfei, Li Mingbin, Feng Shaokun, Xu Caixing, Zhuang Anyong and others around Wang Guanxi also went to find people to talk to or entrepreneurs.

Dai Baojia, Song Yonghao, Yang Xingxin, Yang Chonghe, Liu Jingdong and others are looking for partners.

Luo Baowen and Xue Fengyan accompanied Wang Guanxi.

"BOSS, aren't you looking for some start-up companies?"

Wang Guanxi smiled and said: "There is no rush at the moment."

"There are so many people here, I can't handle them"

Xue Fengyan said: "It feels like there are a lot of things to invest in. Xiaoxi, don't you still have a lot of money in your venture capital fund? Invest in 10 companies at once.

As long as one company is successfully listed, you will definitely make money.”

Wang Guanxi said with a smile: "Sister Xue, I invest accurately. I don't want to invest without a return of hundreds of times."

At this time, Baofeng Video received US$15 million in financing on the spot.

Baofeng Video raised US$3 million and US$6 million in 2006 and 2007 respectively.

Including this US$15 million, the company has raised US$24 million.

Qin Congfei, Li Mingbin, Feng Shaokun, Xu Caixing, Zhuang Anyong and others all participated in the financing.

"Wow, so fast." Xue Fengyan was surprised.

Wang Guanxi smiled and said: "They will definitely make a lot of money this time."

He did not expect that Qin Congfei, Li Mingbin, Feng Shaokun, Xu Caixing, and Zhuang Anyong would actually finance Baofeng Video.

The market value of Future Storm Video was ridiculously high, but after reaching its highest point, it kept falling, and eventually fell to shit.

The market value dropped from 40 billion to 500 million, and it was eventually delisted. I don’t know how many investors were deceived.

I hope they can cash out and ship the product as soon as possible after it goes public.

At this time, the award ceremony was held, and the conference announced that Dong Jinfei, Xiong Xiaoge, and Zhang Lei were among the top ten venture capitalists in China in 2008.

China's top ten private equity investors in 2008 (focusing on mainland China)

Top 50 Chinese Venture Capital Institutions in 2008

Top 30 Chinese Private Equity Investment Institutions in 2008

2008 (VCPE supported the top three lead underwriters of Chinese enterprises’ overseas listings

In 2008 (supported by VCPE), Huaxia Enterprises was awarded the top three domestic listed lead underwriters and other awards.

"Dong Jinfei, Xiong Xiaoge, and Zhang Lei have become the top ten venture capitalists!"

Wang Guanxi did not expect that these three people would become the top ten venture capitalists.

At this moment, Dong Jinfei, Xiong Xiaoge, Zhang Lei and others are surrounded by a group of entrepreneurs, and everyone is paying attention!

Wang Guanxi murmured: "I didn't expect this Dong Bapi to be very capable."

Dong Jinfei was born into a wealthy family with a good family background, but he did not choose to inherit the family business and work in the family business. Instead, he started his own business and became an angel investor. He is also famous in the venture capital industry for being harsh and strict, and is nicknamed Dong Papi. .

Xiong Xiaoge is a partner of IDG, not to mention a top student at Harvard University.

Zhang Lei is the founder of Hillhouse Capital, a top student at Yale University, and has a rich resume in major international financial institutions.

Xue Fengyan said: "Xiao Xi, you are much better than him. Next year you will be the number one venture capital investor."

Luo Baowen also said: "BOSS, Dong Jinfei's vision in the venture capital industry is definitely far inferior to yours."

Wang Guanxi smiled and said: "I'm actually not interested in who is the first venture capital investor. Building an industrial chain is the key. Dong Jinfei and the others invest in each enterprise. As long as it is beneficial to my industrial chain and the advancement of national science and technology, I will still Support them to continue to be the number one in venture capital.”

Xue Fengyan and Luo Baowen were surprised in their hearts, their beautiful eyes widened, and they felt Wang Guanxi's level and realm.

They worshiped strong men like Wang Guanxi even more.

At this time, Dong Jinfei, Ratan Tata, Xiong Xiaoge, Zhang Lei, Liu Tianmin, Zheng Jianxuan and others had just finished negotiating financing with the entrepreneurs.

Seeing Wang Guanxi drinking tea with the two beauties alone and not talking to the entrepreneurs, everyone came over one after another, bringing a group of entrepreneurs with them.

These entrepreneurs can't help but lick their knees.

"Mr. Dong, do I want to talk to you?"

"Mr. Dong, please wait. I am Shu Qingming from GigaDevice Innovation Technology Company. I want to talk to you."

"Hello, Mr. Tata, I am Wang Song from Vail Holdings, can we have a chat?"

"Mr. Xiong, Mr. Xiong, I am the president of Feiyu Technology Company..."

"Mr. Zhang, can we have a chat?"

"Mr. Liu, please wait a moment, I want to talk to you in detail."

However, the five people became extremely aloof. They did not invest and looked down on these start-up companies. They could let Wang Guanxi invest.

Anyway, companies they think are rubbish can be promoted to Wang Guanxi.

"Mr. Dong, nice to meet you!" Wang Guanxi greeted them.

After taking their seats, Ratan Tata, Xiong Xiaoge, Zhang Lei, Liu Tianmin, and Zheng Jiansui surrounded the entrepreneurs.

Dong Jinfei asked Wang Guanxi: "Mr. Wang, don't you plan to take a shot today?"

His Lushi Lianda Investment Company had previously snatched the Zhixin Technology Company that Wang Guanxi was interested in. This company mainly provides competitive IC design service solutions to global customers, which is very beneficial to his future industrial kingdom. So I took the shot.

Here today, he has invested in some more companies, and the financing conditions have been negotiated. He feels that he is now a safe winner and is waiting for huge returns in the future.

But seeing that Wang Guanxi was actually making soy sauce here, he felt that he needed to promote some companies that he disdained to Wang Guanxi.

Usually the companies he looks down on are basically very bad, and the probability of going public in the future is low. We are currently in a period of financial crisis, and even if he invests money, the probability of surviving in the future is small.

He wanted to sell it to Wang Guanxi.

This kid always snatched his prey, so this time he gave some rotten meat to Wang Guanxi.

Thinking of this, he continued: "Many good companies have approached me and asked me to invest money. I don't have much money now. Aren't you planning to build a high-tech industrial chain? You need more support."

Wang Guanxi smiled and said: "Mr. Dong, I haven't found a suitable company yet."

Dong Jinfei added: "I can give you a recommendation. After everyone heard that you planned to invest huge sums of money to build a global supply chain, everyone yearned for you. You are now the savior in the eyes of many entrepreneurs in the technology industry."

Wang Guanxi looked at Dong Jinfei with a smile. This guy clearly wanted to trick him, and he was trying to put a high hat on himself, so he asked: "Mr. Dong, are you so kind?"

Dong Jinfei said: "I heard before that your Wang Venture Capital Foundation planned to invest in Zhixin Technology Company. I didn't expect that the boss of Zhixin Technology Company came to me and said that I could bring more benefits to his company. If he has too many orders, he must ask me to provide him with financing!”

"Now as compensation, no, I can recommend a few good companies."

"Shu Qingming from GigaDevice Innovation Technology Company is good, but he has a lot of debt. I thought about it, you are so rich and plan to invest huge sums of money to build an Asian supply chain. That is just right for you."

Shu Qingming from GigaDevice Innovation Technology Company has been looking for him for financing. First, the industrial chain he invested in is helpful to him. Second, he has money.

However, GigaDevice has too much debt and due to the financial tsunami, Dong Jinfei did not dare to invest because the risk was too high. GigaDevice was very likely to go bankrupt.

Although Zhaoyi Innovation Technology Company has very good technical advantages, Dong Jinfei does not dare to take such ultra-high risks.

It would be good to recommend these Huorei to Wang Guanxi. Wang Guanxi may lose all his investment, and even if he does not lose all his money, it is very likely that he will not be able to recover the cost.

Wang Guanxi didn't expect Dong Jinfei to be so hypocritical and shameless, but GigaDevice Innovation Technology Company is indeed a treasure and will be an industry giant in the future.

Dong Jinfei did not dare to invest because the debt was too high and the risk was high, so he recommended it to himself.

He invested in GigaDevice Innovation Technology Company, something Dong Jinfei would regret in the future.

Then Wang Guanxi smiled and said: "Okay, Mr. Dong, thank you very much."

Then Dong Jinfei called Shu Qingming, the founder of Zhaoyi Innovation Technology Company, a man with long hair, a Chinese character face, and big eyebrows.

"Mr. Wang, this is Mr. Shu Qingming"

"Mr. Shu Qingming, this is Mr. Wang, a person who plans to invest huge sums of money to build a global supply chain, someone who invests more than a billion casually."

Dong Jinfei is promoting Wang Guanxi now because he wants Wang Guanxi to invest money and pretend to be a boss, and then be cheated by GigaDevice Innovation Technology Company.

If Wang Guanxi does not invest, it will be a loss of face.

At this time, Shu Qingming, the founder of Zhaoyi Innovation Technology Company, said quickly: "Hello, Mr. Wang."

He was shocked inwardly that this gentleman was so young.

There were too many people at today's venue. He had been paying attention to Shen Nanpeng and others from Sequoia Capital and did not notice that there were big bosses here.

He is still a big boss who invests over 1 billion casually!

Even Dong Jinfei admired him so much, so one can imagine his strength.

Wang Guanxi said with a smile: "Hello, Mr. Shu Qingming, please tell me about your company."

"Speak carefully and let me see if it's appropriate."

Shu Qingming immediately said: "Mr. Wang, we are GigaDevice..."

Shu Qingming is personally a doctoral candidate at Tsinghua University, a senior circuit design engineer, senior design engineer and project manager, and has been working in large American companies.

In 2004, he returned to China and founded GigaDevice Innovation Technology Co., Ltd., whose main business is the research and development, sales and technical support of integrated circuit memory chips.

It is also the first domestic integrated circuit design company specializing in memory and related chip design.

The company has passed SGS ISO9001 and ISO and other management system certifications.

It has applied for more than 180 invention patents and obtained 73 authorized patents. The proportion of R\u0026D personnel accounts for 70% of the total number of employees.

The company's core management team has worked for many years in well-known memory companies in Silicon Valley, South Korea and other places. They have rich R\u0026D and management experience and led the team to develop the first static memory and IP technology in China.

In early 2008, the first SerialFlash product and the first GigaROM product broke the foreign monopoly and filled the domestic gap.

However, due to blind expansion and a sharp decline in orders, products were piled up and debts were accumulated.

Then Shu Qingming said truthfully: "Mr. Wang, the company's current net debt is 60 million yuan, and the company's capital flow is on the verge of rupture."

When Wang Guanxi heard this, he couldn't help but take a deep breath.

This GigaDevice Innovation Technology Company is indeed awesome, and its technology is definitely good and very powerful, but its current net debt is 60 million yuan.

This is a business that is going bankrupt.

No wonder Dong Jinfei and others did not dare to invest, and then pushed themselves to invest.

Now is the moment on the verge of life and death for GigaDevice Innovation Technology Company. Wang Guanxi thought for a while and said: "Mr. Shu Qingming, think about it, how much is the company still worth now?"

Shu Qingming was stunned for a moment, and then fell into extreme tangles. His company's patents were very powerful and irreplaceable, but now they have encountered a financial tsunami. Orders from American customers have been canceled directly, and some customers have even gone bankrupt.

GigaDevice Innovation Technology Company now has a debt of 60 million, and its value is already very low.

Dong Jinfei could see that Wang Guanxi was planning to invest in GigaDevice Innovation Technology Company, so he said: "Mr. Shu Qingming, Mr. Wang has already planned to invest in your company."

"If you are more confident, if you are not confident, how dare investors give you money?"

"There are only a handful of such awesome patents in the world. I think it should cost 400 million anyway!"

Shu Qingming was embarrassed. At this time, Wang Guanxi smiled and said: "Shu Qingming, you can take your time and think about it without being hasty."

"Okay, Mr. Wang, let me think about it carefully." Shu Qingming fell into deep thought. He wanted to think about it carefully and come up with a price that Wang Guanxi could accept.

He didn't dare to quote the 400 million valuation Dong Jinfei mentioned.

Because he felt that Wang Guanxi would definitely not accept it, and GigaDevice Innovation Technology Company was really not worth 400 million yuan.

There was nothing to say for a while, then Ratan Tata jumped out and said: "Mr. Wang, Mr. Dong recommended a company to you, let me recommend one to you too."

Wang Guanxi looked at Ratan Tata curiously and asked with a smile: "Mr. Ratan Tata, are you also going to recommend companies to me and let me invest? Are you right?"

Previously, Wang Guanxi’s Ma Zai invested in a semiconductor company called Geke Microelectronics, and was robbed by Tata Technologies.

This Ratan Tata is so fucking hypocritical.

Ratan Tata smiled and said: "I robbed your Gekko Microelectronics Company before, but now I think I should make up for it, so I have a good company, but I have no money to invest. Now I will introduce it to you, and that's it."

Geco Microelectronics is an image sensor chip developer. It also develops LCD driver chips. This product can drive the LCD panel to display image data on the screen. This is exactly what Tata Technologies needs, so it immediately grabbed Wang's The prey of venture capital funds.

And now he has also found a company that is heavily in debt. He wants to invest, but after weighing it, he feels that the risk is too high and the probability of losing all his money is more than 70%. It is better to let Wang Guanxi invest and let Wang Guanxi lose all his money. .

Thinking of this, he continued: "Mr. Wang, aren't you planning to build a global supply chain? Now that the opportunity has come, I will give it to you, but you have to bear the risk."

Wang Guanxi likes to pretend, and every time he pretends to be in front of him, Ratan Tata feels unhappy.

Now is the time to trick Wang Guanxi.

Then he continued: "This technology company is called Weir, which is similar to GigaDevice. It also has a debt of 60 million."

"Wang Song, the founder of Weil Co., Ltd., is also a very outstanding entrepreneur."

GigaDevice Innovation Technology Company has a debt of 60 million, and Wang Guanxi is interested in financing. Weir Co., Ltd. will definitely be interested as well.

When Wang Guanxi heard this, he was immediately overjoyed. Weir Co., Ltd. will also be an industry giant in the future.

Ratan Tata didn't raise money, he was worried about the risks, and then recommended it to himself, but he didn't know that it was a good treasure.

Thinking about this, Wang Guanxi said calmly: "You ask Wang Song, the founder of Weir Co., Ltd., to come over and I will talk to him."

"Okay, right away." Ratan Tata immediately called Wang Song, the founder of Weir Co., Ltd. to come over.

This is a man in a suit, with a crew cut and a big beard.

Wang Song said hello quickly.

"Hello, Mr. Wang, I am Wang Song from Weir Co., Ltd."

Wang Guanxi nodded and said: "Mr. Wang Song, briefly tell us about your Weir Co., Ltd. and your own experience."

Wang Song quickly said it carefully.

Weir Co., Ltd. is mainly engaged in the R\u0026D and design of semiconductor products such as semiconductor discrete devices and power management ICs, as well as the distribution business of semiconductor products such as passive components, structural devices, discrete devices and ICs.

Wang Song, a master's student at Tsinghua University, worked as a marketing engineer at Toshiba Electronics and Panasonic before founding Weill Co., Ltd. in 2006.

The registered capital at that time was 90 million, and it also had irreplaceable patented technology. In just two years, it became an industry leader.

The company passed ISO9001:2000 certification

In 2007, the company developed the first generation TVS transient voltage suppressor product, which shocked the industry!

In 2008, the TVS transient voltage suppressor project passed the certification of Lu City High-tech Achievements Transformation Project, one of the few in the country.

We have placed a large number of orders at home and abroad, and our customers include major technology companies in the United States, South Korea, and Japan.

However, Weil suffered heavy losses in the financial tsunami and had a debt of 60 million.

Wang Guanxi said: "Mr. Wang Song, you can do the same as Shu Qingming of GigaDevice and think carefully about the current valuation of the company."

Before Wang Song could say anything, Ratan Tata said, "At least 500 million."

Wang Song saw that Wang Guanxi was silent and said confidently: "Mr. Wang, my valuation is 400 million and I need 100 million in financing."

Wang Guanxi nodded and said: "I will give you an estimate of 400 million, invest 100 million, and ask for 20% of the shares. If there is no problem, we will sign the agreement."

Wang Song said with great gratitude: "Mr. Wang, thank you very much."

At this time, Shu Qingming from GigaDevice Innovation Technology Company also said: "Mr. Wang, I estimate 300 million for my GigaDevice Innovation Technology Company. What do you think?"

"As long as you invest 80 million, I will soon be able to keep the company afloat and get out of trouble completely in the second year."

Wang Guanxi smiled and said: "Shu Qingming, then I will give you an estimate of 300 million, invest 100 million, and require 25% of the shares. After verification, sign the agreement, and the funds will be available immediately."

Shu Qingming said with great gratitude: "Thank you Mr. Wang, thank you Mr. Wang"

He almost bowed to Wang Guanxi.

That kind of gratitude is beyond words.

Then Wang Guanxi said to Luo Baowen: "Arrange the legal team to verify."

"Yes, BOSS" Luo Baowen went to make arrangements immediately.

Then Shu Qingming and Wang Song also left with Luo Baowen and others.

Dong Jinfei said in Wang Guanxi's ear: "Mr. Wang, in fact, I am not optimistic about GigaDevice Innovation Technology Company, which shows that the problem is huge. Haha, you actually invested 200 million in one investment. I hope you can recover the cost and avoid heavy losses." "

Ratan Tata said bluntly: "Mr. Wang, I hope you won't lose all your money. To be honest, Vail Co., Ltd. will most likely go bankrupt. Hey, what kind of global supply chain do you want to build with us?" The Tata consortium is against you, haha, I said that I, Ratan Tata, will deal with you sooner or later, but now that you have lost all your money, don’t have any daydreams about the global supply chain!"

Wang Guanxi smiled and said: "I found a treasure this time."

"Do you two know the market value of GigaDevice and Vail shares after they are listed in the future?"