Note that this book is a slow-burn novel, and it will become increasingly exciting as the story progresses.
It starts from 2002, beginning at the Beijing Film Academy, and starting with the H...
After lunch, Pony Ma and Zeng Liqing slipped away, reclaiming their Tencent shares, finally able to stand up for themselves. Ding Lei was also preparing to return to NetEase to start showing off, or more accurately, to act like a swagger.
"Sister Xin, let's go meet your boss, Zhuang Sheng."
Xu Xin nodded upon hearing this: "After completing these two projects, I will be leaving Bullying Asia. I hope this is my last job, President Shen. If we still can't work together happily, I'll work for you for a maximum of 5 years."
Shen Fang put his arm around Xu Xin's shoulder: "Sister Xin, I'm Liu Xiu, not Liu Bang. Besides, I'm pretty lazy. My wish is to invest, make movies, and pick up a few girls when I have nothing else to do. Money is important to me, but friends are more important."
Xu Xin smiled: "I know you could have acquired Tencent and NetEase, but you didn't."
Shen Fang shrugged: "It's no use even if I take it. I don't understand these technologies, and I don't have the time. Brother Ma and President Ding are both experts in this field. With them around, I can just make a little money behind the scenes."
Xu Xin sighed, "I've been working for Zhuang Sheng for five years. I'm his number one employee, but unfortunately he won't let me become a senior partner. Otherwise, I really wouldn't want to work for you."
Shen Fang smiled and said, "That kind of boss is stingy. There's no future in following him. I'm different. I'll try my best to satisfy whatever you want. After these two transactions are completed, Sister Xin, you will help me control the capital and manage it entirely. You will be in charge of everything. In addition, I will give you 10% of the shares."
Xu Xin smiled: "President Shen is really generous. It's a pity that Zhuang Sheng was too hasty, and you got the benefit."
Shen Fang smiled and said, "Those who lack foresight do not deserve to eat the fattest meat."
Shen Fang, Shen Kun, and Xu Xin headed to the airport to fly to Hong Kong.
Xu Xin, the venture capital queen of the investment world.
In fact, Xu Xin's "miraculous operations" of making 8 times the return on her investment in NetEase and 10 times the profit on her investment in Zhonglian were all created when she worked under Zhuang Jiacheng.
To a certain extent, Zhuang Jiacheng's "Baring Asia" revival in Asia is also inseparable from Xu Xin's "divine assistance".
It can be said that thanks to the tacit cooperation between Zhuang Jiacheng and Xu Xin, Baring Asia has gained a firm foothold in the market.
Baring Asia was originally Baring Bank, founded in 1762, and its success continued until the end of the 20th century. In 1995, a shocking index futures trading scandal dealt a heavy blow to Baring Bank, ultimately leading to its collapse.
Subsequently, ING acquired it for a symbolic price of £1. In 1997, ING continued the Baring brand and established Baring Asia, a Hong Kong subsidiary, to conduct equity investments in Asia.
That year, Chuang Chia-cheng joined Baring Asia. Shortly afterward, Chuang led the management team to acquire all the shares of Baring Asia, making it an independent company. At that time, Chuang was extremely eager to recruit talent.
Coincidentally, in 1998, under the impact of the Asian financial crisis, Xu Xin's company, Peregrine, went bankrupt, forcing her to seek other employment. At this time, Xu Xin had just begun to make a name for herself in Hong Kong's venture capital circle by investing in Wahaha, and Zhuang Jiacheng quickly extended an olive branch to her.
Xu Xin and Zhuang Jiacheng hit it off immediately, and Xu Xin quickly became Baring Asia's "number one employee" in Hong Kong, serving as the Managing Director of Baring Investments China. During this period, Xu Xin created several "legends" in the venture capital world.
In 1999, Xu Xin approached Ding Lei, the founder of NetEase. At that time, Yahoo! Taiwan, ten times the size of NetEase, was extending an olive branch to Ding Lei. While Ding Lei was struggling with his decision, Xu Xin approached him and offered her assessment: the huge potential of the mainland market, persuading him not to sell his controlling stake.
Later, Ding Lei accepted Xu Xin's suggestion and reached a cooperation agreement with her, with Baring Asia's first fund investing $5 million in NetEase.
In 2000, after NetEase went public on NASDAQ, its stock price soared, raising a huge sum of $115 million in 18 months. Xu Xin's initial investment was $5 per share, and NetEase's stock price reached a peak of $30 per share, but Xu Xin did not cash out.
Unexpectedly, a global internet bubble crisis soon followed, causing a stock market crash. NetEase's stock price plummeted to less than $1 per share at its lowest point. By September 2001, NetEase was suspended from trading. During these extremely difficult two years, Xu Xin repeatedly called every shareholder, persuading them to weather the darkest hour.
Finally, in 2003, the online gaming industry experienced a boom, and NetEase's stock price soared, with its market value once exceeding $1 billion. In 2004, Xu Xin led Baring Asia to cash out, ultimately achieving an 8-fold return on investment.
Moreover, while working under Zhuang Jiacheng, Xu Xin had an investment experience with a 10-fold return.
Also in 1998, during the Asian financial crisis, under the policy of tight monetary policy, the Zoomlion system experienced cash flow difficulties, and Xu Xin led Baring to step in in time.
At that time, Zoomlion Systems had a promising market outlook and a high market share, but it suffered from a lack of funds. After receiving a $3.5 million investment from Baring Private Equity Asia, Zoomlion Systems successfully turned its fortunes around in less than two years. Ultimately, Baring Private Equity Asia sold its shares in Zoomlion for $35 million, making a tenfold profit.
Judging from Xu Xin's achievements, from joining Baring in 1998 to leaving in 2005, she achieved an average annual return on investment of over 100%, successfully managed nine investment projects, and helped five companies, including NetEase, to go public. As a result, three Chinese entrepreneurs, including Ding Sanshi, became top-tier billionaires in China.
This chapter is not finished, please click the next page to continue reading!