While Wu Jie is resting in China, he needs to sort out his investments and make long-term plans.

He currently invests in many industries, both at home and abroad.

In China, he is mainly responsible for establishing “UNIQLO” and “Foreign Trade Company”.

Uniqlo is a "clothing supermarket" he established to promote his own clothing brand and Chinese-style clothing.

He has now found many experienced people in the mainland and Hong Kong for management and operation. The first Uniqlo will open in Hong Kong in a few months.

When "UNIQLO" first opened, it certainly didn't have much supply for sales. Currently, it mainly sells its Chinese stand-up collars and embroidered Tang suits, as well as cheongsams and plagiarized Korean suits. Of course, they are now called Chinese suits.

To be honest, these four types of clothing are not too few, because each of them can create a high-end trend.

Wu Jie really wanted to turn these four types of clothing with Chinese labels into high-end series. At that time, domestic designers would be able to develop countless branches just by working hard in these four fields. At that time, his "UNIQLO" would be

Don’t worry about running out of supplies.

His foreign trade company has become semi-official. Many imported items are needed domestically. He uses his company in Hong Kong to purchase them. Li Xianru and several second-generation officials are mainly responsible for them. Recently, hundreds of vehicles have been imported.

car.

He actually doesn't want to do this kind of business, but there are many things he can't do without doing it. Otherwise, would he still want to go to Beidaihe to play cards?

But fortunately, international relations have eased now, and Wu Jie can also use this company to help people import various production lines and equipment, and even some high-precision equipment can be purchased. As a result, the United States has almost no blockade in the civilian field.

If they have the money to import these advanced production lines and equipment in the next six years, they can introduce technology by the way and manufacture fast-moving consumer goods and essential items such as knives, razor blades, screws, and batteries that are not far behind. They can also order

It has the same filling production line as Pepsi-Cola and Coca-Cola, and even a picture tube production line that is only one generation behind Sony.

These are the investments he is making or about to make in China.

He mainly invests in high-tech companies in Silicon Valley in the United States abroad!

This is not to say that he is more visionary than others, but that investing in high-tech companies is a hot topic in this era, and the world is throwing money at Silicon Valley.

Wu Jie has money in his hands and it is not very strange that he chose to invest in this industry. It can only be said that he threw his money in the right direction.

But if the direction is right, whether it can be hit accurately is another matter.

There are also a large number of high-tech companies that go bankrupt in Silicon Valley every year, and there are even more high-tech companies that defraud investors. Even many companies that will be successful in the future are deceived at the beginning.

At present, the companies with the largest investments in him are Activision and Oracle, in which he holds 35% and 30% of the shares respectively.

Wu Jie didn't just get a number after investing money. He put forward a lot of conditions for these two investments. The first was that Activision and Oracle must first set aside 15% of the shares as an option pool before investing 100%.

Ten thousand and two million U.S. dollars, occupying 30% and 25% of the shares respectively.

After these two investments are completed, Activision's equity ratio is: the five founders' shares add up to 50%, Wu Jie 35%, and the option pool 15%.

Oracle's equity ratio is: Larry Ellison 55%, Wu Jie 30%, and the option pool 15%.

At the same time, in order to prevent the equity from being diluted in the future, Wu Jie ordered his agent in the United States to propose several guarantee clauses, such as the "right of first refusal".

This clause requires that when the two companies conduct the next round of financing, investors in the previous round have the right to choose to continue investing and obtain at least a number of new shares corresponding to the current "equity ratio."

This means that even if Activision and Oracle find big investors in the next round, Wu Jie can still keep his shares unchanged as long as he wants to invest more.

In addition, these two investments are both angel rounds. Take Oracle as an example. Wu Jie evaluated Oracle's value at 10 million US dollars when investing, and Larry Ellison also agreed with this valuation.

After completing the investment, Oracle's equity structure will be 55% + 30% + 15%.

Of course, this is the current value of the company that both parties agree on, not the real value.

In this way, in the next round of Oracle financing, that is, the A round, if Oracle gives another 20% of its equity to new investors, regardless of the valuation at that time, Larison's equity will become 55

%x(1-20%)=44%, Wu Jie’s equity becomes 30%x(1-20%)=24%, and the option pool is 15%x(1-20%)=12%.

What is diluted is the part taken away by the A-round investors.

If in round B, 20% of the shares are still given to new investors, Wu Jie’s equity will become 19.2%.

In this way, until the final listing, Wu Jie's shareholding ratio is likely to drop below 10%, but the value of the stocks he holds is likely to have increased hundreds of times.

But these refer to situations where he will no longer invest additional money. If he feels that the company has good prospects, he can make additional investment in each round, so that the benefits obtained after listing will be greater.

In addition, in order to ensure that his own interests would not be harmed, he also proposed other protection clauses.

For example, "preferred stock conversion rights", this clause means that when the company undergoes stock bonuses, spin-offs, mergers, etc., the conversion price of the "preferred stock" in Wu Jie's hands can be adjusted accordingly.

For example, if Wu Jie currently invests at a price of 1 yuan per share, that means he has 3.5 million shares of Oracle in his hands.

If Oracle raises money again in the future and doubles the shares issued, but the value of each share drops to 50 cents per share, then its preferred shares can be converted into 2 common shares.

This clause ensures his interests as an angel investor and also means that the preferred shares in Wu Jie's hands are very valuable.

If the company's performance is booming and the stock price of common stocks continues to increase, and he cashes out when Oracle goes public, each preferred stock in his hand can even be converted into thousands of common shares.

Finally, there is the "complete ratchet clause", which is designed to prevent the depreciation of the shares, because after multiple rounds of financing, no one can guarantee that the price of the shares issued will increase in each financing. Of course, Wu Jie will worry about the next round of price cuts.

Financing, which caused the value of his shares to depreciate, so he asked for protection clauses.

These terms can ensure that he enjoys the benefits of "Activision" and "Oracle" when they prosper in the future, just like SoftBank's investment in Alibaba in the original dimension. Although they were forced away by various forces in the end, they still used the initial two thousand

Ten thousand US dollars shared in Alibaba's subsequent success, and the profit when cashing out had already expanded countless times.

In addition to these two investments, which will definitely bring huge returns in the future, Wu Jie has also invested in dozens of high-tech companies this year in order to deceive others.

Most of these were angel investments, which totaled almost more than two million U.S. dollars. In the end, it was probably just water from a bamboo basket.

These gamble-like venture capital investments are a small part of his investment. Most of his net worth is still made in reliable long-term investments, such as long-term purchases of stocks in Apple, Coca-Cola, Wal-Mart, and Home Depot.

These are all his current business activities, basically making money from endorsements and salary, and then using most of it to invest in Silicon Valley + buy stocks.

It’s unclear whether he will make a profit or lose money in the short term, but in less than ten years, in five or six years, his net worth will be hundreds of millions of dollars.

Wu Jie not only invests in Silicon Valley, he also invests in these tool people in China.

Shen Lang had already gone to Ecuador with the Chinese swimming team to prepare for the World Swimming Championships at the end of the month.

The business route Wu Jie arranged for him was very simple, which was real estate + large supermarket + hotel, and then he would make money from real estate and then invest in industry.

The only problem now is that real estate could not be built before 1984. Shen Lang needs to first find a way to buy back the land that his family originally handed over at a low price, and then wait until after 1984 to build a hotel or an office building that can only be rented but not sold.

, anyway, with their connections, they will definitely make a lot of money in this industry in the future.

At this time, Ruda was in Beijing negotiating cooperation with a TV manufacturer that was suffering from serious losses and was on the verge of bankruptcy.

Of course he wanted to do the home appliance business. A month ago he had bought a washing machine factory that was also on the verge of bankruptcy.

Luda wanted to enter the field of white goods, which was naturally Wu Jie's request. In the next twenty years, the domestic demand for the three major appliances will increase like a snowball, and at this time, a large number of state-owned home appliance factories in the country will close down.

Starting this year, the state began to accelerate the expansion of the scope of private ownership.

At this time, it will only be a year or two before the opening of private electrical appliance factories. If there are connections and ways, we can make plans in advance now.

Ruda successfully obtained 50% of the shares of the washing machine factory with a capital injection of 200,000 yuan a month ago.

As for why it is 50%, it is naturally because 50% of the shares do not have absolute control and are still regarded as collectively owned enterprises, which can take advantage of loopholes.

However, the equity transfer agreements signed by Luda and the two electrical appliance manufacturers did not have the guarantee clauses that Wu Jie set when investing in the United States. He even set up many traps that could be followed up.

The simplest trap is that as long as you inject capital again in the future, you can dilute the other 50% of the shares and completely turn it into an absolutely controlled private enterprise.

This was also the most common method used by foreign capital in the early days of reform and opening up. How many companies with good operating conditions were simply swallowed up by foreign capital. Later, a large number of high-end and high-precision companies were frozen after 1989.

Already.

This time Ruda plans to use the same method to deal with the two electrical appliance factories, which can be regarded as a reminder to domestic enterprises that joint ventures can do too many tricks, and even the bones will be swallowed if they are not careful.

The TV factory he was interested in could produce semiconductor radios and had a production line for black and white TVs.

After he buys this TV factory, Wu Jie will start investing. At that time, as long as they introduce color TV production lines from Japan that are only one generation behind, they will be able to produce color TVs.

There is currently a huge gap in the domestic market for TVs. TVs imported from Japan are of good quality but too expensive; domestic TVs are of poor quality and not particularly cheap.

As long as they can find a balance point for the TVs they produce, and ensure that the performance and quality are only one generation behind Sony, and then set the price in the middle of the two, then relying on their advertising effect, they want to become a leader in the 1980s.

Being the boss of domestic TV is not a difficult task.

Of course, this kind of product that introduces Sony's production line and technology is their high-end product. While they introduce technology, they also need to conduct self-research on this basis, even if the digested product is one generation worse than Sony's previous generation product.

But as long as you continue to invest, you will catch up sooner or later.

In the early 1980s, Samsung was also far behind Japanese products in the field of home appliances, but it still caught up with the support of the domestic market.

Now using their idol effect, they can also get support from the domestic market, but this market is much larger than South Korea.
Chapter completed!