Chapter 604

However, after careful consideration, it is inevitable that those bike sharing and car sharing projects have not been completed. The problem mentioned by President Guo is one of the important reasons.

The business model of heavy asset operation has extremely high requirements for enterprise management and cost control. Otherwise, it will become a loss making business if you are not careful. It is obvious that in previous lives, whether ofo, moBay or other shared projects, you have no such ability.

When President Guo saw Fang zhe nodding, he was delighted. It seems that his intuition is not wrong. These so-called sharing economies are really unreliable.

"Well, it seems that president Fang, you don't have and don't intend to invest in such projects?" President Guo asked again.

Fang zhe shook his head and said, "whether to invest in such projects or not is decided by the people in the investment department below. I believe in their ability and vision."

Fang Zhe's answer was somewhat ambiguous. He didn't say whether to vote or not. President Guo didn't get the exact answer and didn't ask again. Anyway, his main purpose of making an appointment with Fang zhe today is to get to know Fang Zhe and pave the way for more cooperation between Fosun and Huizhong in the future.

The two people talked about sharing economy from Internet plus chat to new energy vehicles with more and more voice in recent years and foreign investment experience. When talking, Guo always admires Fang zhe for his heart. He has never seen a man who is so capable of being more than 20 years old as Fang Zhe.

Even among his peers in history, Fang Zhe's achievements are second only to some princes and generals who opened up new territories and great scientists who have made outstanding inventions. At least in modern business circles, Fang Zhe's achievements at this age are unprecedented or even unparalleled.

On the plane back to Yanjing, Fang zhe recalled the sharing economy he talked about with Fosun president Guo. Although he didn't clearly tell him whether to invest or not, Fang zhe actually knew that Zhongying capital had invested in ofo last winter, and Huizhong would also participate in the financing behind ofo.

If Fang zhe had known that sharing projects such as ofo in his previous life would eventually become a mess of making money at a loss, he would not have chosen to invest in these projects. But now, sitting in Fang Zhe's position and considering things, he has not only started from the quality of the project and whether it can be profitable.

Fang zhe knows that the sharing economy will become one of the hottest topics and outlets in the next two to three years, and there will be countless "successful cases" hyped by capital.

But in fact, venture capital has always been played in two ways, one is value investment, the other is beating the drum to pass flowers.

The former is a friend who is optimistic about a project and grows up with it and makes time investment, such as Softbank's investment in Alibaba, Apple's investment in Huizhong, etc.

The latter belongs to the heat of chasing the tuyere. As long as you can find the receiver to cash out smoothly, it doesn't matter the flood after he leaves.

Although ofo in the previous life has become a mess, there are not a few investors who make money from it. For example, Zhu Xiaohu, the angel investor of ofo and the founder of Jinshajiang venture capital fund, still made a lot of money when he took over from bat because he invested early enough.

Of course, it's not realistic for Fang Zhe and Huizhong to play the game of beating drums and passing flowers, because other investors and venture funds are not fools. Even Huizhong will cash out and leave. Who will pick up the plate and who can pick up Huizhong's plate?

Fang zhe did not object to Huizhong and Zhongying capital investment ofo and other shared economic projects. He mainly considered two points. First, these projects are still in the early stage, and the admission fee is very cheap. If you invest millions or tens of millions, you can get a lot of original shares. In the future, these projects will make a steady profit even if they are rotten.

Second, the sharing economy is actually an extension of the o2o economy. Its number, scale and frequency of users are very high. The total number of users of ofo, moBay and other large and small shared bicycles in the previous life is also two or three billion. During the peak period, the daily order volume exceeds tens of millions.

The sun sinks in the West. The amount of such orders and user days are not much to pay for the existing transaction size and data volume of WeChat and WeChat. But it is not what Fang zhe would like to see if he gave them to the Tencent, fortune paid and Alipay of sunset.

In Fang Zhe's own words, even if ofo such sharing economic projects lose money, we should take this pit!

The morning after Fang zhe returned to Yanjing, he asked his secretary Li Wen to inform Fu Xinming, the person in charge of Zhongying capital, and Huang Siyi, the person in charge of Huizhong investment department, and successively went to his office to report on his recent work.

Zhongying capital basically belongs to Fang Zhe's own private fund. Therefore, in terms of investment direction and investment logic, most of the time, it invests according to Fang Zhe's meaning.

Moreover, Zhongying capital basically only invests in the early stage of the project, with small investment and large return. Coupled with Fang Zhe's foresight, the disadvantages of high risk in the early stage of traditional venture capital projects almost do not exist. Therefore, Zhongying capital has achieved remarkable results in recent years, with byte beating 10%, hungry 12.5%, JD 3.2%, meituan 4.3%, etc?

According to Fang Zhe's estimation, the book profit of Zhongying capital from its investment since its establishment has exceeded US $34 billion. If these projects appreciate in a few years, the book profit of Zhongying capital will exceed US $100 billion!

"Mr. Fang, as expected, since the end of last year, there seems to be a lot of money in the investment circle. Anyone who writes a PPT can get the investment.

The development achievements of Huizhong in just a few years and the o2o outlet you proposed in the past two years have not only made many entrepreneurs crazy, but also made many investors crazy. Every fund wants to invest in the next Huizhong. If it's bad, it also wants to invest in the next meituan and take a taxi. "Fu Xinming reports to Fang zhe with a smile, Since joining crowwin capital and becoming the head of crowwin capital in China, he has witnessed and handled the investment achievements of crowwin capital.

If he was a little confused a few years ago and couldn't fully understand Fang Zhe's investment logic, he has gradually become familiar with Fang Zhe's investment logic in recent years and deeply admired it.

Under the influence of Fang Zhe, his sensitivity to tuyeres and projects has grown into the top group of people in China and even in the world.

Fang zhe himself added a cup of tea for him and asked, "what's up? Have you found any good projects recently?"

Fu Xinming's eyes lit up. President Fang is checking his homework.

"President Fang, what are the criteria for good projects? There are really many profitable projects. If you want to say that they have long-term investment value, tell the truth..." Fu Xinming paused and continued, "there is none."