Chapter 552 Start to expand outward(2/2)
It is obvious that the shares of Meigo.com that seemed to have spent a lot of money at the beginning now seem to be too high!
At that time, Li Guanghua pushed his future on the Temasek board of directors and used a super high valuation of US$35 billion to get a huge amount of US$3.5 billion from the board of directors to acquire 100 million shares of Wang Ye.
At that time, when news came out, people in the investment industry said that Li Guanghua was crazy.
It’s just a cosmetics website, even if it has already become the first in the Chinese market, so what?
After listing, it is estimated that it will only have a market value of 30 to 40 billion yuan, so Temasek will be very embarrassed.
If you cash out and leave the market, it means you have not made money. In the investment world, if you invest huge amounts of money, you will lose money if you don’t make money.
If you don’t cash out and leave the market, if there is another strong competitor on Mego.com in the future, or if there is a problem with its own business, resulting in a sharp drop in market value, you will lose a lot.
Li Guanghua ignored the rumors outside. He firmly believed in his own judgment and had his own investment philosophy.
Investing is not only about investing in companies, but also about investors!
Before investing in the US Shopping Network, Li Guanghua studied all the information Wang Ye could collect in-depth, and he pondered every step he took in starting his career.
After reading the information, Li Guanghua closed the book and sighed, and admired it very much.
He is a very conceited person, born in a wealthy family, received the best education, and thinks that few of his peers can compare with him.
But Li Guanghua admitted that if he was in the environment of Wang Ye and had the same conditions as Wang Ye, he would definitely not be able to do Wang Ye’s current career.
This person takes the most accurate every step and is also the most beneficial choice.
And he did not take any detours, so he started from scratch and achieved that level in just two or three years.
How could an investing person like this fail?
So Li Guanghua recognized that Wang Ye would not let everyone who cooperated with him suffer losses. Even if Meigou.com had not been listed at that time, everyone thought that the company was not worth so much money. Li Guanghua also accepted it, gave a super high valuation, and won the last financing ticket for Meigou.com before it went public!
What about the person who laughed at him now?
How long has it been, in less than a year, the return of the investment of 3.5 billion US dollars has reached 350%!
However, Li Guanghua never thought of cashing out and leaving the scene. Since investing, he has lived in Pengcheng for many years and has held certain positions on the American Shopping Network.
The investment was too huge, and Temasek certainly had to send permanent personnel, so Li Guanghua volunteered.
After more than a year of in-depth understanding, he increasingly felt that the current market value of Meigou.com is still seriously underestimated!
Because of the series of acquisitions after the listing of Meigou.com, those assets are so excellent!
In the past two years, the whole of Asia and even the whole world has a bit of a "Korean wave" meaning, which has led to the best-selling of Korean cosmetics.
When Wang Ye acquired shares of AmorePacific, Li Guanghua was a little confused. Why did he go there to buy shares of a cosmetics company? Is it not good to have the money to expand Meigou's own business?
However, Li Guanghua did not object at the board of directors at that time, because he knew that Wang Ye would definitely not be doing things randomly, and he must have considered it, but he just didn't understand it yet.
Now, Li Guanghua finally saw the intention of those investments.
The investments in cosmetics companies have two meanings. On the surface, they are investing in high-quality companies. The business of these companies is getting better and better. Just dividends, Meigou.com can get a lot every year.
On another level, it is equivalent to stifling the emergence of competitors in disguise!
The largest and most influential e-commerce platform in China is actually not Meigou.com, but Taobao and Tmall.
However, when Tmall wanted to do cosmetics business with Meigou.com, it was found that it could not find a good cosmetics brand to do, because the best brands were all in the hands of Wang Ye!
Chapter completed!