It is time for Xinghe Capital to officially develop with the help of external funds. Tianhe Group has also started its action according to Zhou Shi's idea, and he has also returned to specific industrial development.

Zhou Shi's current industry has five major parts: the most important one is the financial holding company with Xinghe Capital as the core, with four major funds including Qinglong (Valuation Investment), Baihu (M&A), Zhuque (Hedging), Xuanwu (Stock and Bonds), and a holding company holding Baidu, Alibaba, and Time Friends stocks. There are also various complex operations, and various operating modes of trust and charitable funds have made the equity structure of Xinghe Capital extremely complex. In addition, there are Sixiang Fund, which is responsible for domestic investment, and has invested in domestic Spreadtrum Communications (100%), SMIC (23%), SAIC (15%), Evergrande Real Estate (5%), DSI transmission, and Atl New Energy (not over yet).

Then there is Amazon, where Zhou Shi holds 12% of the shares, but this part of the assets will definitely be diluted. The development of Amazon and youtube requires a large amount of funds, and whether it is bonds or equity financing, Bezos will not be idle. For example, in August, Amazon issued a batch of bonds. As an investor, Bezos also saw the subprime mortgage crisis, not to mention that even if he couldn't see it, Zhou Shi would remind him. Amazon has developed to its current scale, and Zhou Shi does not have the ability to provide him with enough funds for development, and it is not worth doing so. If it affects Bezos' controlling position and causes civil strife in the company, it will be more than worth the loss.

Then there are Internet assets such as Time Friends. After a series of operations, Zhou Shi didn't know how many shares he directly held. Anyway, the controlling position of Xinghe Capital would not shake. Its Friends Network is divided into several parts. The equity controlled by Zhou Shi and Xinghe Capital is roughly like this. The mainland (90.1%), Japan and South Korea (80%, and once again raised US$100 million in early 2008), Europe and the United States (97.5%, Australia, India, South America and other places were assigned to European and American companies), Russia (50), Hong Kong, Macao, Taiwan, Southeast Asia, three major regions

Friends.com both hold shares (30% in Europe and the United States, 30% in Japan and South Korea, 40% in mainland China), and in the Middle East and Africa (30% in Europe and the United States, 30% in Russia, 40% in mainland China). Among them, the valuation of the last water content of European and American friends is US$10 billion. Because of the first-mover advantage, Japan and South Korea friends have a monopoly position in the two places, Facebook does not cause any impact on them, and its value is around US$1 billion. Because of its assets in various places and its advantages in China, the value is around US$5 billion.

Time Holdings includes assets such as Time Lab, Time Games, Time Browser, Time Music, Time Network, and some Guokel Co., Ltd. The Time Android system is independent, but due to the policy of not fragmentation, the cooperation between Android Systems and Samsung has been blown up. Zhou Shi did not make concessions and insisted on the path of differentiated development. Only hardware configurations that meet certain standards can be used. Android system is free of charge. However, its upgrades and transformations belong to Android Systems, and users need to pay a certain service fee to ensure user experience. After that, all the benefits generated by the Android system on the brand's mobile phone are equal to those of the brand's mobile phone manufacturers. For example, the revenue generated by the Android application store will be equal to that of the mobile phone manufacturers. Moreover, Time Games now has super profitability at home and abroad. Compared with domestic game companies, in total, Time Holdings' value exceeds 5 billion US dollars.

In terms of hardware, Guoke Group is located in Shenzhen, which has three brands of Guoke, Nut and Tomato, covering three levels of mobile phones in high, medium and low. The equity distribution belongs to Time Holdings, Xinghe Capital and Sixiang Fund. The initial Guoke mobile phone was equivalent to most of Apple phones. Unfortunately, with the improvement of Apple's iOS system, Guoke mobile phones equipped with Android system have gradually widened the gap with Apple. However, due to the support of three big cows, there has been no financing yet, and the specific valuation is difficult to calculate. At least one billion US dollars! However, Guoke Group invested in Android system and held 9.9% of the shares, which is also the largest share granted by the Android system company to a cooperative brand. By the time next year, Nortel Network went bankrupt and was acquired, Guoke Group will also acquire some patents from it. In fact, Guoke will now start entrusting professional institutions to acquire relevant patents in the international market in accordance with the direction designated by Zhou Shi.

Then there is the semiconductor industry, which is fully controlled by Spreadtrum Communications. At this time, Spreadtrum has acquired four or five small companies, as well as the handheld device department from Amd, and more specifically, Qualcomm's future GPU processor department. Qualcomm caught off guard by Spreadtrum's early acquisition. You should know that they still have a lot of cooperation with this department. Zhou Shi's investment in it has exceeded US$600 million, and there is no results and no value has been improved.

As a major shareholder, SMIC has invested a lot of technology and financial strength to improve the product yield of the company. Especially Zhang Yujing, who surrendered, has begun to search for talents and patents in Silicon Valley, Japan, South Korea and Taiwan, or some small companies with leading technology. For example, the memory giant Chimmonda, which is about to go bankrupt in Germany, is one of his goals. The company's market value exceeds US$1.5 billion, and Zhou Shi plans to acquire equity to 25%, but the value is no more than US$500 million. As for the Singapore half of the license

Conductors, even negotiations have not even begun, so there is no need to say much. According to the results of the acquisition of Atic in previous life, the total value is US$3.91 billion, of which the acquisition amount is US$1.75 billion, and the debt and convertible preferred stock are US$2.16 billion. However, the spin-off of the Amd wafer manufacturing department (the new company is called Grofontein Semiconductor) is almost over. Xinghe Capital's $300 million bonds are converted into equity. Only when Xinghe Capital acquires Singapore's Chartered Semiconductor, this part of the stocks

Only then will the right be sold to the UAE Abu Dhabi Advanced Technology Investment Company (atic). As for the remaining US$1.2 billion bonds, they still need to be held. If Zhou Shi’s acquisition fails, the bonds worth US$200 million can continue to be converted into shares of Grofontein. In addition to some hidden expenses, the open payment is the US$1.5 billion amd debt. At that time, when Xinghe Capital purchased from Lehman, it only paid less than US$1.2 billion, and there was about 10% of the annual income.

There are also Nortel Networks patents and 3g. These two companies have not yet been obtained but have a high probability of success, worth more than US$2 billion.

Xingguang Film and Television Culture Group, such a company is really not worthy, but according to the previous life, Huayi Brothers' GEM listed market value was around one billion US dollars, with overseas resources and able to export and operate variety shows copyrights, it is also around one billion US dollars!

In the end, Zhou Shi personally owned 4.2% of Baidu, 10% of Alibaba and Taobao (not publicly available, and the equity was transferred to Xinghe Capital), 10% of European and American friends (not publicly available), and Tesla was once again in a financial crisis. After Zhou Shi raised two financings, he had 8% of the shares. The total amount was about 1.8 billion US dollars. Of course, no one knew Zhou Shi's shares in Time Holdings. Huatou still had 1.4 billion euros of cash that had not been received, and Zhou Shi's stock options worth 300 million euros were not sold, but it was soon. The expiration date of these options was October 10. Huatou would send 1.4 billion euros of funds to Zhou Shi before that, and he would definitely choose to trade the option.

After counting one by one, the industries directly controlled by Zhou Shi and Xinghe Capital are mainly Time Friends in the Internet field for 20 billion US dollars, Guoke Group for 1 billion US dollars, Semiconductor Group for 1 billion US dollars, Patent companies for 2 billion US dollars, and Film and Television companies for 1 billion US dollars. In other words, in addition to Xinghe Capital, the assets directly controlled by Sixiang Fund are worth 25 billion US dollars. Of course, if you count the assets that cannot be directly controlled by Baidu, Alibaba, Amazon, etc., that will be too many!

(End of this chapter)
Chapter completed!