I've seen some of the operating data for Tianpu Education, which Cheng Gang runs; it's a pretty good company.
After finishing her workday, Li Miaomiao returned home and shared some things she could reveal from her work with Li Shuyao.
After hearing this, Li Shuyao felt it was unreasonable for Kechuang Bio not to invest in Tianpu Education.
"Because Tianpu Education is not our main business, and the Science and Technology Innovation Department has no intention of expanding in this direction."
"Doing well in VR and biomedicine is enough for us."
Li Shuyao's face was filled with disbelief: "Who said investors have to get involved in operations?"
You can absolutely engage in pure capital operations.
Kechuang Future can be considered one of the best private enterprises in China, but its investment is far inferior to that of other giants.
Leaving aside Tencent, which is great at investing, you guys can't even compare to Ali in terms of investment.
Take Tianpu Education as an example. It's currently in its Series A funding round. You could definitely get involved and then sell your shares to others once the price goes up.
The earlier the financing, the lower the price. The company gradually sells off its shares, leaving most to later investors, and the remaining shares are sold to the secondary market when the company goes public.
Li Miaomiao shook her head and said, "Going public isn't that easy."
Li Shuyao was speechless at Li Miaomiao's naivety: "If you participate in the financing of Tianpu Education, then they will definitely be able to go public."
The most important factor in going public is the company's shareholders, not the company itself.
With your funding, Tianpu Education can seek the best angel investment institutions and securities firms both domestically and internationally for their Series B and Series C funding rounds.
This company is a complete idiot, yet they managed to get it listed on the stock exchange.
Why is a company listing called capital operation instead of corporate operation? Because the underlying capital is the most important factor.
Whether a company has a promising future or how well it operates is completely unimportant.
"By packaging the company up and listing it on the stock exchange, then selling it on the secondary market, you can make a fortune."
Although Li Miaomiao has an economics background and an MBA, she still lacks understanding of specific capital operations.
Kechuang Bio itself has not been deeply involved in similar capital operations.
Li Miaomiao was somewhat surprised: "I roughly understand."
These investors often package and promote companies in order to go public.
With the backing of a scientific and technological innovation company, it can attract a large number of top-tier investors, who will naturally be willing to take the project public.
Li Shuyao nodded and said, "That's right."
You can see that the listing rate of these top-tier capital operation projects over the years is very high.
Aside from those sectors that are obviously doomed and impossible to list, they have all sorts of ways to get projects listed.
The projects mentioned here are so bad that they're unlikely to find many investors willing to take over in the secondary market, like bike-sharing and P2P lending.
For a project to go public, it needs retail investors in the secondary market to buy in.
Even so, for bike-sharing companies, these investors were still able to find companies like Meituan and Ali to take over.
Therefore, the better the securities firm or investment bank, the better projects they can get; this is the logic of the strong getting stronger.
"If Kechuang Bio establishes an investment company, it will definitely be able to secure the best projects in your relevant fields."
In the bike-sharing sector, ofo has over ten million users waiting in line to get their deposits back, and Mobike, also in this sector, is feeling the chill of competition.
At that time, Mobike had already submitted its prospectus to the American Securities and Exchange Commission (SEC), hoping to list on Nasdaq in order to raise more than 100 million US dollars.
It's worth noting that Mobike's Series C funding round exceeded 100 million yuan.
If it weren't for the industry downturn, Mobike wouldn't have even considered this paltry 100 million yuan.
However, even though they only wanted to raise a little over 100 million US dollars, they were still rejected by Nasdaq.
In the end, Mobike was sold as a whole to Meituan for 2.7 billion US dollars, and the capital behind it still made a fortune.
Therefore, no matter how bad a project is, even if the industry is in crisis and there is no hope of going public, capital still has ways to cash out and exit.
After listening, Li Miaomiao said, "I roughly understand. We are indeed very weak in this area of investment."
Most of the cash held by science and technology innovation companies is used to buy principal-protected wealth management products.
Many projects have approached us through various means, but we haven't accepted any of them.
Unless it's a very promising biopharmaceutical company.
For similar biopharmaceutical companies, Kechuang Bio primarily acquires them through full acquisition, rather than investing in and listing them on the stock exchange.
Li Shuyao: "So this is your attitude towards doing real business, not your attitude towards capital operation."
Fosun Pharma's large-scale investments and acquisitions both domestically and internationally have, however, gone a bit too far.
But you are too slow to react in this regard.
In fact, I have always believed that the future of science and technology innovation can be fully invested in suppliers of brain-computer interface VR.
We will deeply integrate with your core suppliers.
The main reason is that I recently saw news online that Kechuang Future plans to license its brain-computer interface VR technology to external parties.
If you really intend to do this, my suggestion is to form a deep partnership with a strong supplier through equity investment to prepare for the future.
Kechuang Future has the capability; you are different from Google.
Google acquired the Android operating system before starting to make phones, which resulted in poor performance in supply chain integration.
They also cannot access the most advanced supplier technology.
However, the situation is different for Kechuang Future. Kechuang Future is already a leader in the VR field, and you currently hold a lot of bargaining power.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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