Tao Liangchen
Chapter 968 Billions of Hong Kong Dollars
After lunch, Su Yehao took Zhao Yimeng to a café in Mountain View, Santa Clara County, to relax.
Zhao Yimeng rested her chin in her hand and said listlessly,
"No wonder you specifically arranged the company's new headquarters address here. The scenery is really great. Although it's not a majestic mountain, the flat and bland scenery has a unique beauty that makes people feel relaxed."
Su Yehao drank coffee to refresh himself, with a donut in front of him.
It was the kind of donut with sugar frosting, so sweet it was cloying. He only took one bite and gave up, explaining:
"I don't care about the scenery. The main thing is that the land price here is cheap enough, which can not only save the company money, but also allow employees to own their own properties. During the Internet winter, the local city council agreed to let me buy land to build houses, with a total plan to build twelve thousand houses. I remember it was around the beginning of 2002, and now the house prices have risen a lot."
Zhao Yimeng chuckled after hearing this, looked around, and whispered, "You're so bad. The employees are working for you, and you're still doing your old business of developing real estate, turning around and earning their wages."
Shrugging, Su Yehao said calmly:
"One thing is one thing. Even if I don't earn this money, other real estate developers will. My employees will only pay a higher price then. It's mainly a corporate benefit to attract talent to join."
Zhao Yimeng understood, of course, and continued, "Stanford University is holding a graduation recruitment fair recently. I went for a walk a few days ago and saw the Yanwenzi Group's booth."
"Yeah, the company is expanding relatively quickly and needs to hire a lot of people."
Scooping a piece of ice into his mouth, Su Yehao looked at Zhao Yimeng and asked curiously, "How's the situation with your family's business recently? I heard my old man mention that your family seems to have acquired a few pieces of land in Sijiu City."
"That's right. My dad thinks that taking advantage of the Olympics, there may be some new opportunities. I guess you don't usually pay attention. Donghuang Group is doing very well in the mainland, and its market value has exceeded its peak in 1997, reaching about 19 billion Hong Kong dollars. Now in the Hong Kong Stock Exchange, the northern real estate concept is very popular. With the size of your family's Sihai International, its market value is estimated to soar to 100 billion Hong Kong dollars."
Zhao Yimeng paused for a few seconds, and then said self-deprecatingly:
"As for myself, although I listened to your advice and invested in companies like Amazon, my principal was a bit small. Even if the increase is relatively high, I only earned two or three hundred million Hong Kong dollars, which can't compare with you."
"...You can't compare with me. A business genius like me may only appear once in a thousand years. Always staring at me will make you lose yourself in the dazzling light, and eventually turn into self-inflicted trouble. Isn't that how life is? A few decades of time pass in the blink of an eye. If you set your goals too high, you'll be very tired."
After hearing this.
Her eyes twitching, Zhao Yimeng said, "I feel like it makes a lot of sense, but I also want to beat you up. How thick does your skin have to be to say such things about a business genius who only appears once in a thousand years?"
"That's just the way it is. I still firmly believe that Amazon is a good stock, but it still has a long way to go before it becomes profitable. Next, it will be in a state of burning money to gain users and markets for a long time. This can force other competitors to flinch. Even if it can already achieve profitability, it will give up in order to avoid taxes. In fact, its revenue and total profits have been rising."
Su Yehao explained slowly, adding, "If you don't understand the underlying logic of the growth of Internet companies, you won't be able to pick good projects. If you want to make quick money, you can invest all your money in Yanwenzi's stocks, or participate in Google's financing. You have to wait patiently for a few more years before you can see the real returns from Amazon."
Previously, she always felt that the Internet market had reached its peak, which made Zhao Yimeng miss many opportunities.
In the past year or two.
She tried to invest according to Su Yehao's advice, and indeed earned a lot of money. Donghuang Group learned from Sihai International and developed northward, and also found a new profit growth point. It had long since escaped the predicament of almost going bankrupt a few years ago, and ushered in a second spring in its career.
Simply calculating Miss Zhao's family fortune, it is now about 10 billion Hong Kong dollars.
Although it can't compare with the Su family, Zhao's family's total assets have increased by almost two times in just a few years, which is actually quite considerable, after all, the base is relatively large.
Zhao Yimeng listened carefully and asked, "Then what do you think is the underlying logic?"
"It can be summarized into three points: traffic is king, economies of scale, and being one step ahead. That's also why if you want to pick out a hit from a bunch of start-up companies, the probability is very, very low. Luck may be more important than vision. And directly participating in A-round or even B-round financing, most of those companies have basically run through the model, and at least have a concept that can be sold. The chances of success will be slightly greater."
Su Yehao deals with these businesses all day long. Giving Miss Zhao a lesson is as simple as eating and drinking.
Don't look at Zhao Yimeng's poor vision, but her appetite is very big.
Most of the projects she focuses on are start-up companies. Some so-called Silicon Valley celebrities take away tens of thousands or millions of dollars in angel round financing from her with just a few words.
For example, a company that does car rental business may have a bit of a market in the mainland, but this is the United States.
Even many homeless people can easily own a car and use it as a mobile tent to shelter from the wind and rain. The sum of car ownership for decades has reached a terrifying number, with about 80% of the American population owning their own cars.
Promoting the Internet car rental business here is obviously a thankless task. It is estimated that people will only think of using the car rental website when they go to other places to do business and it is inconvenient. The operating cost is too high, and the model is difficult to maintain. Not to mention, it is also likely to face resistance from traditional car rental companies. This market is already saturated.
Advising Zhao Yimeng to follow A-round or even B-round investments, at least she will encounter projects that have already been screened by others, which is slightly more reliable than throwing money down the drain.
It's easy to be tired in the afternoon, and today's sleep was already insufficient. After drinking coffee, he was even more sleepy.
After yawning for a long time, Su Yehao thought that although Zhao Yimeng was smart, she was also defeated by thinking too much.
If she were as obedient as Jiang Yu and Nangong Tian, with Zhao Yimeng's super high starting line, her net worth should be at least 5 billion Hong Kong dollars now. She missed the soaring Yahoo in the early days, as well as the rising Yanwenzi Group, and so on.
Fortunately, it's not too late to turn back now. Silicon Valley was almost frozen a few years ago, and a new round of opportunities has emerged. Including Yanwenzi Group, a batch of technology stocks on NASDAQ have risen astonishingly...