Chapter 819 Ignition
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The Star Will Foundation has invested in many projects and industries. Zhang Chaoyang and the others are aware of this. Whether it is the Internet or traditional industries, the Star Will Foundation is not only focused on technology companies investing as the outside world imagines.
The current understanding of the Star Wish Foundation is still a few years ago. Song Yang’s trip to Asia was shaped. At that time, the Star Wish Foundation and its family took on the banner of domestic Internet venture capital, making the Internet begin to be ignited in China!
After that, countless Internet and technology companies in China wanted venture capital, the first one to come to the door was the Star Wish Foundation. In the eyes of some people, the Star Wish Foundation is the image of a big dog...
But in fact, the Star Yuan Foundation has never invested in the Internet industry, including real estate, electrical appliances, liquor, medicine and other industries, such as Vanke, Gree, Moutai, Changchun Hi-Tech, etc., and the Star Yuan Foundation has been buying and buying all the way, and has raised its signs for several consecutive years.
Zhang Chaoyang, Wang Juntao and others didn’t know how many companies the Star Wish Foundation has invested in now. Now they heard that in the first half of this year alone, the Star Wish Foundation received a return rate of more than 60%, which still surprised them.
Song Yang was not much surprised when he heard Fang Qiuyu's words. There is no need to mention the companies invested by the Star Vow Foundation, and Internet companies such as Sohu. Now it is the hottest period of the Internet, with a valuation of one price per day.
Sohu's valuation has reached 500 million US dollars. In Silicon Valley, such a valuation is nothing. Look at Yahoo's market value of 500 billion US dollars and Lycos' market value of 200 billion US dollars. Sohu, as their peers, is really inconspicuous.
Of course, if it is in China, Sohu's valuation is not cheap. Think about how many time-honored brands and factories in traditional industries with tens of thousands of employees, it is estimated that they are not as valuable as Sohu!
"Starting this year, most of the companies that the Star Vow Foundation has invested in a few years ago have begun to stabilize. For example, Internet companies have begun to rise significantly, and the revenue of traditional industries has also grown rapidly!"
When Fang Qiuyu was talking, he glanced at Zhang Chaoyang and the others. The meaning was very clear. After spending so much money, he has turned around now. Even traditional companies such as Vanke, Gree, and Moutai are living a very comfortable life now.
They are not as popular as Sohu, but they make more money every day. The Star Wish Foundation has raised bids on these companies many times, and now many of these companies have entered the board of directors!
Song Yang nodded, looking at Fang Qiuyu, Pan Jianghong and the others, "Star Wish Foundation, in the future, we will continue our previous business, whether it is investment or public welfare and charity business, the companies we invested in will continue to stay!"
When Fang Qiuyu heard that Song Yang had to keep holding on to the equity of Vanke and Moutai, he wanted to stop talking. According to normal logic, he must have bought the money he had. After making money, he had to take action and continue to do it again and again.
But now, Fang Qiuyu feels that Song Yang seems to be trying to hold on to the equity of Moutai. Anyway, if you don’t sell the high and low, you will keep winning. This is a bet. The companies invested by the Star Vow Foundation can keep rising!
Fang Qiuyu felt that this requirement was too difficult, but Ameriga's colleagues had already verified it for Fang Qiuyu about Song Yang's investment vision.
In comparison, Song Yang is a world of difference here. He basically never interferes with Sohu's management. The Star Vow Foundation rarely pointed at Sohu, and would not let Sohu do anything. He could not get along with the Ministry of Electronics Industry. Otherwise, with Lao Zhang's personality, he would have been furious for many times.
When Song Yang agreed to let the North American Investment Foundation, ICQ, Double Click and other companies guarantee the fundraising stocks worth $60 million, Lao Zhang, who had not had a few sips of wine, had his face flushed as if he was drunk.
With Song Yang's support, Sohu doesn't have to worry. The stocks that issue stocks will not be sold and the funds will fail will happen. Sohu will become the first company in the domestic Internet industry to join Nasdaq!
Song Yang talked with Fang Qiuyu, Zhang Chaoyang and others for a while, and arranged for the legal and financial departments of the North American Global Investment Foundation to help Sohu discuss with Goldman Sachs and other investment banks. Song Yang didn't want Sohu to be overturned in the gutter.
The originally calm Internet industry in China was in a frustration after a news from a central media international channel came out.
"According to the latest news from IC TV, a delegation of a domestic Internet company has begun negotiations with investment banks such as Goldman Sachs, Deutsche Bank, and agreed to list. It is expected that the market value is between US$500 million and US$800 million, and it will raise more than US$60 million. Several Wall Street institutions have promised to subscribe to the company's shares issued.
Chapter completed!