Chapter 424 [Times Have Changed]
Facing Lu Ming's question, Huang Zhengfa was stunned for a long time before he regained his senses, with surprise and suspicion in his eyes.
Lu Ming saw the meaning of Lao Huang's unexpected eyes, do you have the energy to make Big A change like this?
After a while, Huang Zheng said: "To be honest, Mr. Lu, your words were so sudden that I was unprepared."
This is indeed the case, because he basically did not consider the choice at this level, and almost all the Internet companies that can be counted in China are listed in North America.
Lu Ming said with a smile, "It's a little sudden, but I'm not in a hurry. You can think about it."
After thinking about it, Huang Zheng couldn't help but look at Lu Ming and asked curiously, "Mr. Lu, what do you mean... is the financial market going to change in the future?"
The same thing is said, it depends on the person. When Lu Ming said this, the weight is completely different, so it's no wonder he thinks so much.
Hearing this, Lu Ming thought for a moment and looked at him: "Old Huang, I don't know what will change, but change will definitely change, the times have changed, and the trend of the whole world has shifted from west to east. The general trend of the trend is also an era of great changes unseen in a century. The so-called approach to both sides is just opportunism. If you want to please both sides, you may end up with neither. So down."
As soon as these words came out, Huang Zheng was thoughtful on the surface, but his heart was quite shaken. Lu Ming's words were very clear.
Lu Ming smiled again and said: "East and west are facing each other, and when you approach this side, you must stay away from that side. Wouldn't it be more uncomfortable to be caught between the inside and the outside? You have to choose the side. The Chinese believe in the middle way, but there are some things. It's not mediocre."
Huang Zheng continued to remain silent.
The implication is that the choice of this side will affect the future of Duo Duo. After a while, Huang Zheng said with a serious expression: "What advice does Mr. Lu have?"
Hearing this, Lu Ming said in an orderly manner with a smile: "No matter which aspect you consider, I strongly recommend Pinduoduo to be listed in China. This is a butt problem, but then again, Pinduoduo is the foundation of survival. , its root is in the Greater China market, without this, it would be an overnight thing.”
Huang Zheng nodded and fell back into thought.
He couldn't refute this. The rise of Pinduoduo was created by the Greater China market. Without this market, it would not have been born anywhere in the world.
Lu Ming added with a smile: "If you plan to go public in China, I will do my best to help you, it is impossible to go public so quickly in the A-share market, and you will have to wait another year at the earliest. If it is a matter of money, it is not a problem at all, I will provide you with funds, instead of obtaining more shares through financing, I will be the pledgee for you.”
In other words, Tiansheng Capital does not want to fight for Duoduo's equity, but only maintains the current 30% ratio of the total share capital. Huang Zheng can pledge the equity to Tiansheng Capital, and then get the money for enterprise development. .
This is equivalent to lending money to Pinduoduohua in vain.
At the end, Huang Zheng looked at Lu Ming and said, "Mr. Lu, I will give you an answer on this matter in two days. You need to think about it carefully."
Lu Ming nodded happily: "No problem, no problem for two days and one week. But I still say that, don't look at those domestic unicorn companies going public in the United States this year, but after a few years of viewing, you will We will see the return of Zhonggai's large-scale abandonment of the United States... The general trend is irreversible."
The implication is to tell Huang Zheng that it is better for the stupid bird to fly first and set an example. The first one to eat crabs and the second to follow suit are completely different. Of course, the first one to eat crabs is more risky.
Choosing the right side is ten times as important as working hard. This is an era when choices are greater than efforts. If you choose the right direction, you will never lose, and if you choose the wrong direction, no matter how hard you work, it will be in vain.
After a few chats between the two sides, Huang Zheng also said goodbye and left. This matter certainly cannot be answered immediately to Lu Ming.
In the first half of 2015, Lao Huang's Pinduoduo received angel round financing from several of his friends and the noble man in his life, Lao Duan, and in the second half of the year, he received US$100 million in Series A financing from Tiansheng Capital.
In July 2016, Pinduoduo received USD 110 million in Series B financing. The investors were IDG Capital, Teng Xun Investment, and High-Funding Capital.
In February 2017, Pinduoduo received US$213 million in Series C financing. The investors were Sequoia Capital, High Capital Capital, and Teng Xun Investment.
On April 11 this year, Pinduoduo received another $1.369 billion in Series D financing. The investors were Teng Xun Investment and Sequoia Capital.
Pinduoduo's current share capital structure is also complicated, and Huang Zheng also faces a very difficult choice. If he goes public in the United States, he will be kicked out of Tiansheng Capital. If he chooses to go public in China, he will be kicked out of Wall Street Capital.
This multiple-choice question is tricky for Lao Huang, and it is extremely unfriendly. They are forces that cannot be easily offended. The worst thing is that one must be offended.
If Huang Zheng chooses to list Pinduoduo on the A-share market, foreign capital will definitely be kicked out, because Lu Ming intends to get Pinduoduo on the Science and Technology Innovation Board. No permission to enter the Science and Technology Innovation Board.
...
After Huang Zheng left, Lu Ming returned to his office. At this moment, he was sitting on the sofa in the lounge area and thinking.
The incident of Pinduoduo gave him a bigger idea. Not only did he want to get Pinduoduo into the big A, but he also set his sights on another behemoth - Byte Provocation!
The resistance is indeed great, but this is the mission of Tiansheng Capital, to keep high-quality domestic assets in the domestic capital market.
If Tiansheng Holdings, Cosmic First Line, and Maotai are the three giants on the main board of the Shanghai Stock Exchange, and the future three giants on the ChiNext are Ningde Times, Mai Rui Medical, and Aier Ophthalmology, then the upcoming Kechuang The three giants in Banzhen Market are Tianyu Yunchi, Byte Challenge and Pinduoduo, which is perfect!
Tiansheng Capital continues to develop, and Lu Ming cannot remain the same. With the continuous expansion of the scale, it is necessary to participate in the construction of the capital securities market. It is not in line with Tiansheng Capital today. The pattern under the scale.
The big must have a big appearance, and the big must have a big pattern.
Lu Ming has high hopes for the Sci-tech Innovation Board. Only by getting these super-large-scale giants and high-quality assets into the Sci-tech Innovation Board will the Sci-tech Innovation Board have the strength and confidence to compete with Nasdaq, a beautiful country. .
...
The time entered the last month of the first half of this year. After entering June, Big A ushered in a brief rebound at the beginning of the month. After the 3,000-point breakdown of the Shanghai Index, it did not drop, but held it.
On May 30, Tiansheng Holdings flashed the limit, rebounded, walked out of the needle and bottomed out, and currently maintains the pattern of box shocks in the 25500~27500 range.
Wall Street questioned the cost of Tiansheng Capital, which was hotly discussed in the first few days, and then disappeared.
Tiansheng Capital doesn't care about Wall Street at all, and Lu Ming even made a mockery of Wall Street. It is really the rhythm of the unity of knowledge and action, and he is really willing to expand Tiansheng Capital's securities lending balance from the initial 1.875% to 3 %proportion.
It is clear that the market is welcome to sell Tiansheng Holdings, but there is no capital to short.
Wall Street didn't have a good way to take Lu Ming for a while. Tiansheng Holdings' current holdings did not have the advantage of foreign capital and could not make a huge hole, and most of the institutional investors who held it were with Lu Ming.
It would have been nice if it hadn't been washed out at first, but now I can only take a selfie of my thigh in secret.
With the passage of time, the arrival of Wednesday, June 13th has aroused the attention of various domestic investors. This morning, when Lu Ming arrived, the company also began to pay attention to the situation of Big A in the early trading, because this day was already suspended. The day when Zhongxing Communications resumed trading.
...