Music Online, which aims to develop the world's largest online music store, is supported by the sales of IPlayer hardware, and Toshiba accounts for more than 40% of the global market's monthly shipments of IPlayers at this time; on the other hand, the website's revenue at this time is far from being able to cover the huge costs of continuous expansion and daily operations. Xiao Jincheng has a report on the expansion and operation of major Internet countries and places around the world in the next two years, and at least $60 million is required in the next two years - these determine that Kumho will transfer the equity of the global music online website to Toshiba to obtain funds for the sustainable development of the website.

As for how much capital Toshiba invests, how much equity it obtains, and how to limit its management authority, these all need to sit down and negotiate slowly. By the end of 1998, the craze for Internet investment gradually surged, and the market value of websites that occupy an absolute monopoly position in the segmented market will never be underestimated.

This is also part of the adjustment that Toshiba asked to make in the future distribution of interests in the IPlayer field. In short, Kazumura Ki and his assistant Moriyama No had no unpleasant experience when they came to visit. The requests they made were all positively responded by Zhang Ke.

After chatting for a long time, Zhang Ke stood up from the sofa, looked through the floor-to-ceiling glass curtain wall, and watched the sunset shine in the sea water of Victoria Harbor, as if there were 100 million gold coins hidden under the blue sea.

Kimura, who is only in his early forties, is regarded as a representative of the young and strong school in Toshiba. However, compared to the young man in front of him, he is really a bad old man. He doesn't know how he effectively restrains his elite management team composed of Chen Xinsheng, Su Jindong, Ding Huai and others. When he saw Zhang Ke standing up, he thought it was also time to say goodbye. He stood up with his assistant Moriyamano and was about to say goodbye, Zhang Ke turned around and asked him: "I heard that Mitsui Products' general representative in China, Chi Sashuzo, would organize its member companies to carry out large-scale strategic cooperation with Huaxia Electronics. I wonder if Toshiba is within Chi Sashuzo's plan?"

"..." When asked this question directly, Kazumura Ki felt a little sudden. He hesitated a little before saying, "Toshiba cannot be considered a member of Mitsui, but if Hirozo Ikesa's plan is conducive to Toshiba's development, Toshiba will not refuse - but if there are any interests, I am afraid that companies such as NEC, Sony, Panasonic, and Sharp will compete for it first..."

The implication of Gangmura Kiki's words was very clear, and Zhang Ke smiled slightly: Gangmura Kiki's words cannot be taken seriously. Although Toshiba has long been excluded from the series of Mitsui's core member companies, the close connection between Japanese companies is hard for outsiders to imagine.

Samsung learns from Mitsui well at this point. The Lee Kun-hee family even holds less than 4% of the shares in Samsung Group on the surface, but Lee Kun-hee is affected by the bribery case. After resigning from his major positions in Samsung Group, she still firmly controls the operations of the entire Samsung Group - the development of the contemporary financial system and the implementation of the cross-holding plan can completely conceal the real controlling rights of the company.

Zhang Ke has also gradually implemented a cross-holding plan within the Kumho system to avoid the wealth directly exposed to the public in the future will be too horrifying.

Due to the entry of overseas business, Aida Group will become the nominal largest shareholder of Kumho Commercial, with direct holdings of more than 40% of the shares. Zhang Ke and Xie Wanqing, Sun Shangyi, Ge Mingde, Ye Jianbin and others hold nearly 60% of the remaining shares of Kumho Commercial either in private companies or in holding companies or in subsidiaries.

In mid-September, Zhang Ke and Xie Wanqing jointly transferred part of the equity of Aida Group to the Guo family, Ma family, Chen family, He family and other Southeast Asian Chinese merchant families. Aida and Yuexiu controlled the best businesses and assets under Jinhu, allowing Guo, Ma, Chen, and He family to share the core interests of Kumho, and also wanted to further win them over to Kumho.

In addition, Zhang Ke has also been actively increasing the shareholding ratio of management and core employees in its member companies.

The shareholding ratio of senior executives such as Chen Xinsheng, Su Jindong, Ding Huai, Chen Hanzhang, Xiao Jincheng and other core members in Aida Group has increased to 18%.

In the past few months, Zhang Ke has initially completed cross-holdings between Kumho Commercial and Yuexiu Holdings, Aida Group, Xinguang Paper and other Kumho member companies. The Kumho system has initially formed a complex system with Aida Group and Kumho Commercial as the core in terms of financial structure.

Although there has been no change in the total rights, in the new system, Zhang Ke's direct shareholding in the member companies of Kumho in private name has been reduced to a very low proportion. At least when the British Hurun comes to China next year to raise the Hurun wealth list for the ranking of Chinese rich people, even if the confidentiality measures of the relevant parties are not in place, the private wealth that Zhang Ke can directly calculate will not allow him to occupy a very conspicuous position. Of course, if a young man in his early twenties owns even hundreds of millions of wealth in 1998, it will shock the attention of most people.

It is definitely necessary to avoid the public and media attention as much as possible. Implement an extremely complex cross-stock holding plan and intertwin the rights and interests of domestic companies and overseas companies. In fact, it is necessary to prepare for the future, avoid people or institutions from coveting Kumho, and also prevent the wealth directly owned by Zhang Ke in his personal name from being too dazzling in the eyes of senior management.

The late 1990s was a critical period for the great development of domestic private economy. Private entrepreneurs with a net worth of billions, billions or even hundreds of billions of dollars were no longer a day of talk. However, in this country where private property rights have not been completely confirmed, is there a limit on the accumulation of private wealth? Zhang Ke is hard to say. Looking up at the sky, there seems to be no obstacle above the head, but there is a kind of ceiling like transparent glass. Before you bump into it with blood and flesh, you cannot feel its existence.

This also has disadvantages. For example, the two core Ida Group and Kumho Commercial will inevitably be unable to go public to the public securities market for financing due to their overly complex financial relationships.

Sending Gangmuraki and his assistant Moriyamano to leave, Zhang Ke and others walked back to the living room.

Chen Xinsheng asked: "Will Toshiba agree to this condition by exchanging 30% of the equity of the global music online website for a capital injection of 60 million US dollars?"

"The Economic Research Institute is quite optimistic about the development trend of the global Internet economy in the next two years," Zhang Ke smiled. "At first, they would not agree, but the longer they drag, the more beneficial it will be for us, and the greater the pressure on them... The worst thing is that it will be to drag it up. Besides, Toshiba will not commit it, and Scooper will be there."

Injecting $60 million in exchange for 30% of equity means that the remaining 70% equity in Kumho is worth $140 million. In the past year, Kumho's total investment in acquisitions and reinvestment of global music online websites has not exceeded $30 million. Kimi Kamura agreed to such conditions casually, which is what it means to meet a ghost.

Zhang Ke rushed to Hong Kong and no one was allowed to stop. As soon as he sent Gangcunmu and Morishanye away, Scoop's executive president Emmo called in. Zhang Ke smiled and said to Chen Xinsheng: "Look, Scoop's movements will not be much slower." At this time, Fu Jun came over and told him that the car sent to pick up Tang Jing had already reached the hotel downstairs.

Putting aside the seriousness and seriousness in public affairs, Emer, who is humorous and gentle in conversation, is a friend worth dating. Zhang Ke did not let Chen Xinsheng or Su Jindong deal with Emer, but instead invited Emer to dinner together.

The tourist restaurant is located on the top floor of Renaissance Seaview Hotel. Tomorrow is the day when the Hong Kong Electronics Fair is officially launched. People who come to this tourist restaurant are dressed in fine clothes. Many people are big names who can cause uproar if they drop down in the industry. Zhang Ke and the others chose a seat next to the window. Emer was quite eager to meet the big names Zhang Ke he recognized.

Zhang Ke also recognized some acquaintances, and Lee Jae-soo, a specialist in HG Samsung China Investment Company, sat together and Keiichi Watanabe of Sony.

"What a big shot," Tang Jing held her chin with her hands and observed these big shots with interest. "See they are not much different from you. Some people are so ugly."

Zhang Ke pressed her bright and bright forehead with his hand and said with a smile: "The same is true for ordinary people. One nose and two eyes. If it is different from ordinary people, only the degree of dirtyness in his heart is beyond the reach of ordinary people..."

"What about you?" Tang Jing asked Zhang Ke playfully.

"It's almost the same, he's the same," Zhang Ke pointed to Emmer, who was sitting opposite him, "I kindly invited him to come and have a meal together. His eyes were flashing so hard that he might be thinking about how to make Kumho give more benefits to Scoub..."

"Cough..." Emme was drinking French soup with spoons. When he heard Zhang Ke's words, he almost sprayed the soup out, wiped the residue from the corner of his mouth with a napkin, and complained to Zhang Ke with his weird Mandarin with laughter and cry, "I'm just thinking about how we can go a long way in the road of cooperation..."

"Okay, let me tell you how the two companies can go longer on the road of cooperation..." Zhang Ke said with a smile, grabbed Tang Jing's soft and tender hand and placed it in the palm of his hand and slowly rubbed it, leaning comfortably on the back of the chair and listening to Emmo's argument.

"The market for the next few years is in Europe and North America. Global Music Online should also mainly develop business in these regions. Don't you think that letting Scooper participate in Global Music Online will also be beneficial to the business development of the website in the above regions?" Emer said, not concealing Scooper's covetousness for global music online interests.
Chapter completed!