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Text Chapter 1756: Purchasing in person!

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    Just as life must go on despite any disaster, American companies have had a difficult time in recent months, but they are not without bright spots.

    For example, the company airbnb, which provides accommodation in the air, has been the brightest star in the past month or so!

    The airbnb website, which was officially launched in early March, has quickly won the favor of countless people with its most novel "person-to-person" short-term rental travel market concept from the beginning.

    After all, most Europeans and Americans actually don¡¯t have much money, and their burdens are no lighter than those of the Chinese. It¡¯s just because the welfare measures in most of their countries are very good, giving them no worries, so they dare to spend all their salary.  Even loan consumption is the most normal thing.

    For example, foreigners are keen on using credit cards to get loans for travel. In China, even the youngest and most fashionable people would never accept such a thing. It can even be exaggerated to say that basically 10,000  Only one in 100 people can do this.

    Although it is very common in foreign countries to swipe a credit card and talk about it after playing, but when they go out to play, if they can save a little, they will still try to save as much as possible.

    After all, borrowing money to spend in advance is one thing, but borrowing money always has to be repaid.

    Under this circumstance, airbnb, an intermediary service that provides short-term rental of personal housing, food and accommodation, has naturally received a lot of praise.

    Everyone knows that those hotels have to pay business tax, hire personnel, advertise, etc. These are a lot of value-added expenses.

    But personal houses don¡¯t have this kind of trouble at all, the price is easier to negotiate, and the location of the scenic spot you want to go can be more convenient. If the negotiation is done, you can eat authentic local delicacies at the owner¡¯s house.  Even if you have a pleasant chat, your host may treat you to a meal.

    ??????????????????????????????????????????????????????????????  Although this caused a delay in the opening time, once I tried it, I felt that the effect was very good and it was easily accepted by everyone.

    By comparison, the price is at least half cheaper, the convenience it brings is immeasurable, and safety is guaranteed. Many young people immediately defected to airbnb.

    ?? In this life, the two electronic companies with the best user experience.  It¡¯s Apple and Fairy Company, it¡¯s no longer the one-and-done Apple in the previous life.

    Xiao Qi has transplanted all the user experiences he values ??most to his other companies, and airbnb is certainly no exception.

    In addition to its functions that are very popular, the experience of all users on the airbnb website is also very good: website login and browsing are very fast, the page is very friendly, the information is large and not complicated, and the interactive information is very fast and accurate.  The payment system is very convenient, the customer service handles the problem very quickly etc., it is completely comparable to the service of the world's first-class hotels.

    Coupled with Xiao Qi¡¯s various promotions that started half a month in advance, and after preparing hundreds of millions of dollars in advertising expenses, airbnb¡¯s popularity has become very high.

    Of course.  Such large-scale publicity, various preparations, etc. all cost a lot of money.  Most of the US$1 billion Xiao Qi invested has been spent.

    Because of this, airbnb has gained a lot of attention and popularity from the beginning.

    In more than a month, airbnb has more than 4 million registered users, more than 800,000 personal house rental information, and more than 300,000 successful records.  Considering that the area is currently limited to North America and Western Europe, this number is quite astonishing.

    Wall Street¡¯s Merrill Lynch has given Airbnb a valuation of US$5 billion and believes that if it continues to develop at this rate, Airbnb will build the world¡¯s largest online personal short-term rental network.  In the future, it may surpass the Hilton hotel chain group and become the largest giant in the hotel industry.

    Although Merrill Lynch has been having a hard time recently due to many subprime debt problems, their professionalism is still trustworthy in the entire industry.

    It's not just Merrill Lynch that is exaggerating. There are also many investment banks and funds that hope to get a share of Airbnb. However, due to Xiao Qi's "Oriental stinginess" and his illustrious reputation, they have not joined.  Come, just reach out through other channels and see if there are any opportunities.

    "When Xiao Qi is said to be stingy, it does not actually refer to his conduct as a person, but because Wall Street believes that Xiao Qi has little interest in sharing wealth and working together in large companies.

    Almost all Xiao Qi¡¯s companies are controlled by him absolutely, and basicallyI have never thought about going public, so people on Wall Street will naturally not be able to make a lot of money from going public.

    The same is true for airbnb. According to published data, the two major companies owned by Xiao Qi, Mingxiang Holdings and Qicai Investment, each hold 45% of airbnb's shares. The remaining 7% is owned by the management and founding team, and 3% is owned by the company.  Hoffman holds.

    With such a disparity in ratio, even if you want to acquire it, you can only find a way in Xiao Qi's hands.

    Others were just thinking about whether to buy shares and how much to buy, but the president of a giant company came to Chengdu in person and asked to see Xiao Qi.

    Stephen Schwartzman, Executive Chairman of Blackstone Group, is also the most trusted student, partner and friend of Peter Peterson, Chairman of Blackstone Group.

    Compared to his 82-year-old teacher Peterson, the 61-year-old Swartzman is still very young and powerful, so he is usually the one who does this kind of overseas travel.

    But as long as Swartzman takes action personally, it will not be simple.

    After arriving in Chengdu, Swartzman requested a meeting with Xiao Qi through his old friend Larry Ellison, the chairman of Oracle.

    Ellison is Xiao Qi's friend, and he is the kind of person who has a good relationship. He often calls and doesn't tell where Ellison is going on vacation. There must be a gift for Xiao Qi - he is a person who respects the friends he respects.  , has always been generous and generous, similar to Branson in the UK.

    Therefore, Xiao Qi wants to give Ellison this face.

    Arriving at the high-end conference room of the Hilton Hotel across Laoba Road, Swartzman, with a thick smile, shook hands with Xiao Qi and sat on both sides.

    Chengcheng is Xiao Qi¡¯s home court, but Hilton Hotel is Swartzman¡¯s home court.

    In July last year, the Blackstone Group invested US$26 billion to fully acquire the Hilton Hotel Group, and combined with its previous hotel industry to form a new hotel group, thus becoming the world's largest Blackstone Hotel Group with a market value  More than 40 billion US dollars.

    Xiao Qi thought that Swartzman came here for the acquisition of coolgame, but he didn't expect that when he opened his mouth, he said something else.

    "Mr. Xiao, our Blackstone Group is willing to form a deep alliance with you." After a few pleasantries, Swartzman said, "Do you think that 50% of Airbnb's shares will be invested in our hotel group, and a total of 10% of Blackstone Hotels will be owned?"  What is the replacement ratio for the group¡¯s shares?¡±

    Xiao Qi pondered for a while and did not speak.

    Based on Blackstone Hotel Group¡¯s market value of 40 billion, Airbnb¡¯s share price is estimated to be 8 billion US dollars, which is a whopping 60% increase from Merrill Lynch¡¯s valuation of 5 billion US dollars!

    Although airbnb will continue to develop in the future and its value will continue to rise, the Blackstone Hotel Group will also continue to make money and its market value will continue to rise.

    If the share exchange is really carried out, it will be a good investment for both parties, at least for now.

    Xiao Qi¡¯s plan for airbnb is between US$10 billion and US$15 billion. It may be a little more if it goes public, but listing is not among Xiao Qi¡¯s considerations.

    " However, the valuation of 10-15 billion US dollars takes two or three years to develop. Now that it has obtained 8 billion US dollars, Xiao Qi must have taken advantage.

    But think about it again. Although Blackstone Group paid 10% of the shares of Blackstone Hotel Group, they have become a real online and offline giant by integrating airbnb, the largest online short-term rental personal accommodation platform now and in the future.  , it will definitely be of great help to the development in the next twenty or thirty years.

    Comparatively speaking, in the long run, Blackstone Group is more cost-effective.

    "I don't have much interest in the traditional hotel industry." After a moment, Xiao Qi gave his answer: "Besides, I have always had an idea to see how far Airbnb can go. Look at the online  And the offline tourism and hotel market, which one will be more prosperous in the future? So if Mr. Swartzman wants to talk about share swap, we might as well wait ten years before we talk."

    Swartzman sighed and recalled that his previous acquisition of coolgame failed. Swartzman thought that Xiao Qi was indeed as stubborn as the legend said.

    ¡° However, from this, Swartzman also heard Xiao Qi¡¯s ambition. He actually wanted to compete with the hotel industry that has been traditional for hundreds of years with a short-term rental website.

    Although Swartzman is very optimistic about Airbnb, he only regards it as a supplement to the traditional hotel industry and is not the kind of partner who can sit on an equal footing.

    Then we just have to wait and see, and see which of us has a better vision!

    The president of Blackstone Group, who has always been unlucky, looked down with a little regret.?Decision.  (To be continued)
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