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Text Chapter 729: Buying bargains abroad is seeking death

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    After eating the staple food and drinking two sips of red wine, Lu Huan apologized and went to the bathroom.

    As soon as he left, Tong Wencong, who had been chatting with Xiao Qi about food, pretended to be careless and said: "Qi Shao, with all due respect, although your Fairy Company has prospered because of Dream Pad, isn't it too monotonous?  ?¡±

    The drama is here.

    Xiao Qi knew that it was not as simple as thanking him for them.

    Even if these old foxes fart, they have a purpose.

    "What do you mean, Mr. Tong?" Xiao Qi said with a boyish expression.

    "Any large company must be diversified." Tong Wencong said loudly: "For example, the Louis Vuitton Group, which has a history of more than 100 years, has holdings and shares in one or two hundred companies; and other examples are Merrill Lynch, Goldman Sachs, etc.  A century-old investment bank, they have invested in companies in all walks of life. Not only have they spread their tentacles, but when the subsidiaries develop, they can also give back to the parent company, making the parent company stronger and stronger!

    In addition, your close neighbors Japan and South Korea are the beneficiaries of this large group. Look at their achievements in Asia and the world over the years, it is simply shocking!  This century cannot be said to belong to them!  "

    Xiao Qi smiled and raised his head, but in his heart he was very disdainful.

    Tong Wencong¡¯s statement has occupied a huge market in the Chinese business community for a long time.

    The reason is very simple. It seems that only by becoming bigger, stronger and stronger can a person's abilities be reflected.

    As everyone knows, a person¡¯s ability is limited, and his expertise is also different.

    If you ask Ma Yun to make a mobile phone, he will definitely die miserably.

    If you ask Liu Chuanzhi to build a commercial website, he will probably lose his pants.

    So after the financial crisis in 2008, Chinese entrepreneurs learned from the experience and concluded a truth: only companies like HTC and Gree Air Conditioning that focus on one industry wholeheartedly.  Only by having great risk resistance can we avoid dominoes in previous financial crises. If one subsidiary fails, all the group companies will be affected.

    ¡°If Xiao Qi had not had the memory of later generations, it would have been impossible for him to create the four major companies of video websites, Weibo, logistics and group buying websites.

    If ordinary people try to develop these companies together, they will probably collapse in a few years and their hard work will be in vain.

    Even Xiao Qi has various experiences and lessons from later generations.  It can avoid detours, but he is also very careful and develops slowly, for fear that if he doesn't make a mistake, he will be finished.

    Only those who have experienced risks will know that the development of a company is no different from walking on a cliff. Without hard work, how can a good career be achieved?

    When his thoughts returned to his eyes, Tong Wencong was still boasting.

    "So, I think Qi Shao, if you have spare funds, you should invest in another field under the guidance of professionals!" Tong Wencong said confidently: "Nowadays, many companies in Europe and the United States have lost money due to various reasons.  For this reason, we are in trouble! If we can successfully buy it at the bottom, we may make hundreds of millions of profits by changing hands!¡±

    Xiao Qi unconsciously laughed again.

    Beginning in 2007, Chinese enterprises suddenly experienced a wave of "foreign bargain hunting". This blind situation reached its extreme during the financial crisis.

    ?Almost every month, a large M&A deal appears.  Then when news spread back to China, everyone was filled with joy because we had entered the den of imperialism.  Good company to buy from them!

    result¡­¡­

    ¡°As a result, behind all the joy, what remains is that 98% of acquisitions fail!

    By statistics in 2012, among the fifty large-scale mergers and acquisitions worth more than US$1 billion, only one was barely able to maintain its capital, and the rest either suffered huge losses or huge losses, and in the end had to sell the acquired companies at cabbage prices.  Returned home in despair.

    I really don¡¯t know how these entrepreneurs can be so naive.

    Is it really a good company with potential? Can someone sell it to you at a low price?

    ?? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ing those big consortiums and big companies in their country, are they stupid, leaving the gold mines alone and not buying it?  Are you eager to give it to you?

    "It must be a hopeless mess, and they will really call you to buy it with the enthusiasm of international friends!"

    Seeing that Tong Wencong had the urge to give an impromptu speech again, Xiao Qi, who already understood what he meant, waved his hand to interrupt his instigation.

    "Mr. Tong, can your fund accept entrustment from others?"

    "able!"

    Tong Wencong became excited, raised his chest and said: "In fact, we have selected several investments for you."??Project, please allow me"

    "No need." Xiao Qi shook his head, "I have a plan in hand and I need a trustworthy person to complete it. I wonder if you are worthy of my trust, Mr. Tong?"

    "Of course it is trustworthy!" Tong Wencong said solemnly: "Both our CFP and I, Tong Wencong, have a very good reputation in the industry. Otherwise, Qi Shao, do you think this group of elites in the Macau casino will agree to cooperate with us?  ?¡±

    Xiao Qi smiled slightly, it was really like this.

    Casinos and funds are both organizations that eat people but don¡¯t spit out bones. If they can cooperate together, there should be no big problem in terms of credibility.

    Moreover, he doesn't care about trust or distrust. Europe and the United States are most particular about the spirit of law. As long as he clearly stipulates in the entrustment contract and does not want them to reveal his secrets, then CFP will not dare to risk sky-high liquidated damages to expose it, let alone  What's more, if they were involved in this matter, they would not dare to take action.

    Xiao Qi asked slowly: "In recent years, there have been a lot of real estate junk bonds in the United States, right?"

    "Yes." Tong Wencong said unabashedly: "The real estate bubble in the United States is not small now, and there are a lot of junk bonds. But as long as the U.S. economy is improving, everything will be fine."

    "Well, I need you to help me lay out the layout, find others to cooperate, and sell a combination of junk debt products As for the specifics, we need to sign an agreement first and then talk." Xiao Qi said lightly: "It needs to be pointed out.  The thing is, the amount I will invest this time will exceed 5 billion US dollars. If I do it well, your commissions will be huge!"

    "good!"

    Tong Wencong agreed simply and neatly.

    Their CFP strength is not too great, but they have always had an adventurous spirit.

    He had an intuition that maybe this time was his chance!

    However, Tong Wencong never imagined that this time was indeed a huge opportunity to make a fortune.

    But, it is also a fortune that will make him infamous!

    Because what Xiao Qi is going to do is really wicked!  (To be continued, please search Piaotian Literature. The novels will be better and updated faster!

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