Chapter 437 Hong Kong Telecom
Branson's plan is specifically divided into three parts. First, Virgin Film and Television, a subsidiary of Virgin Group, cooperates with Virgin Records and Starlight Entertainment to establish a joint venture to exchange and package artists under both parties and assist in entering the regional entertainment market where both parties have the advantage.
Second, Virgin Group's newly established network department is very interested in the online transaction model of Xingdong Network. Now, Xingdong Network's web page has been very distinctive after several major revisions. Xinghuo search web pages with minimalist style as the tone, the magazine cover version has a brilliant portal page, and the fresh and timeless app Xingbao online store Xingbao interface. Although the online store was only reprinted last year, the number of visitors was almost explosive.
Because it provides trial and download of many free or paid music, videos and software, the Xingbao trading platform can also provide cross-border payments for online transactions in dozens of countries around the world. Xingdong Network is now negotiating with several major record companies in the world to all charge downloads of all the paid music provided by Xingbao online stores at a fee of US$0.99 per song. Branson keenly realized that this will be a major earthquake that will change the future of the entire record industry. Not only did he want to invest in Xingdong Network, he also proposed to merge his e-commerce platform and Xingbao online store to create a larger e-commerce platform.
The third is the highlight of the plan. Virgin Telecom, founded by Branson last year, entered the most competitive European region in the world with telecommunications companies. At that time, many insiders were not optimistic. However, Virgin Telecom held high the banner of cheap and provided high-quality calls and thoughtful services, and achieved a good start. It won a considerable share of the British Telecom market and was rated as the most satisfactory telecom service provider in 1999.
However, the competition in the European telecommunications industry is extremely fierce. With the next generation of communication technology 3g coming, a new round of reshuffle in the communication market is inevitable. New and old telecom forces are eyeing this piece of fat. Branson's Virgin Telecom wants to be invincible in the competition, and it is urgent to take the lead in mobile terminals. Many mobile phones produced by Stardust Communications have shined in recent years at the international communication exhibitions. Many smartphones with novel styles and good performance are even hot-selling in the North American market, which made Branson strengthen his willingness to cooperate with Yang Xing. In his plan, he specifically mentioned that he cooperated with Stardust Communications to customize a large number of Stardust Communications mobile phones for Virgin Telecom networks, and jointly developed and promoted 3g mobile phones.
Yang Xing understood Branson's intention, but he had his own ideas about it. Although Zhongxing International is now inferior to Virgin Group, it does not mean that Virgin Group can beat Zhongxing International. Seeing his frequent nodding to the plan, Branson felt confident that he was sure to win. The young man in front of him looked up at Branson and said, "The plan is good, but the timing is wrong. If you follow Mr. Branson's expectations, you will enter the telecommunications and network industry now, I am afraid that it will be dangerous for both of us." Branson was caught off guard by Yang Xing's words, but his business sensitivity immediately realized that Yang Xing had some market secrets. He put down his lazy and casual mask and put on an attitude of listening with concentration: "Mr. Yang has any good ideas, let me refer to it. There is a saying in China, "The opportunity is hidden in danger in crisis, and what I like the most is adventure."
Yang Xing smiled, "Don't tell lies in front of real people. Several big guys on Wall Street are shorting the Nasdaq index. You must have noticed the risks in the Nasdaq market. I think you like taking risks on the surface, but you are actually very cautious in your heart. Do you think it's a good time to make us take action? In addition, I'm also preparing a big case recently. Since Mr. Branson wants to enter the Asian market so much, there is a huge opportunity to enter the Asian communications market. Although the investment is huge, the returns are generous. I wonder if you are interested in listening?"
Branson did not agree immediately, but pondered. He did not lack the courage to make a big deal, but it did not mean that he liked to act recklessly. Yang Xing's suggestion almost completely overturned his plan. This could not be decided by just a few words. Unexpectedly, Yang Xing seemed to have prepared early and put forward his plan so quickly.
Yang Xing did not intend to add pressure to Branson again. Business negotiations have never been completed in one go. At this time, he also took out his plan and said: "Mr. Branson, as a guest, I also have expectations for your cooperation with you. But I hope the cooperation between the two companies can stand on an equal position. I will tell you responsibly that the collapse of the Nasdaq stock market is near, and I think it is better for us to set up a venture capital fund first and try the waters on Nasdaq. What do you think?"
Short selling of the Nasdaq index is a very risky business, and Yang Xing's appearance caused the butterfly effect to make it difficult for him to affirm the specific time and situation of the Nasdaq collapse, so he brought the American Wall Street tycoon to take risks together. He carefully studied Branson and felt that Branson was obsessed with high-tech venture capital funds. Recently, he was planning to establish a high-tech venture capital fund to invest in high-tech companies such as networks and biology. Yang Xing felt that using the Nasdaq futures contract to pull him in, in addition to sharing part of the risks as a strategic investor, it is not enough to strengthen cooperation with Branson without giving him some sweetness. And as long as Yang Xing proves his judgment on the collapse of the Nasdaq stock market, I believe that Branson will naturally be impressed by Yang Xing's ability, and the cooperation between the two parties can be truly equal.
The news that Nasdaq was about to collapse released by Yang Xing really attracted Branson. Yang Xing and his girls were warmly received on Nick Island. It was only after two days that he was satisfied and returned to "Gemini" with fruitful results. However, when Yang Xing saw that he was greeted by an old acquaintance, Shen Changzheng, he knew that his vacation was over.
As the former head of security at Zhongxing International, Shen Changzheng actually had another identity - a senior agent of the State Secret Service. He once completely controlled Zhongxing International's internal monitoring and security tasks. It was not until Yang Xing brought back the Soviet secret files and the central government allowed Yang Xing to set up another mountain within the company to establish an intelligence and security department directly affiliated with Yang Xing, and the close cooperation between domestic intelligence agencies and Yang Xing came to an end. Now, in addition to some internal departments of the company that have special relationships with the military, Zhongxing International's intelligence and security work has basically been taken over by Xingdun Security and the Dark Star Organization, but some "friendly cooperation" tasks arranged by the two sides are still in progress.
As an old friend of Yang Xing, Shen Changzheng's identity as the contact person for the exchange of information between the Central Committee and Yang Xing has not changed. He suddenly appeared here at this time, which only means that his superiors have new instructions. So after Shen Changzheng and Yang Xing finished their talks, Yang Xing announced that except for him and his secretary, other company members could wait until the Spring Festival holiday and return to China on the "Princess of Stars". With the warm delivery of employees of the company who had already shown their bronze skin, Yang Xing and his party took a plane and embarked on the return journey with the smell of tropical ocean.
On the plane, Chen Changzheng gave him a file bag and told him what he wanted, "The superiors don't want Hong Kong Telecom to fall into the hands of outsiders and ask you to come forward to resolve it. In addition, have you heard of the Xia Men Yuanhua case? The main figure in this big case has come to Changxin. Now that people are in Canada, the central government is very passive. Is there any way to get him back?" His words immediately threw all the good moods that Yang Xing had established due to vacation and talks with Branson to the sky.
The Hong Kong Telecommunications issue that Chen Changzheng said was a hot topic. The case of Hong Kong Telecom being acquired by Singapore Telecom was also a bait thrown out by Yang Xing and Branson during the negotiations. Hong Kong Telecom is the oldest telecommunications company in Hong Kong. In 1877, just one year after Bell applied for a telephone patent, Hong Kong had its own telephone business. In 1882, the predecessor of Hong Kong Telecommunications, Oriental Telecommunications Company, was established, and it monopolized the telephone and telecommunications business in Hong Kong. After a hundred years of development, it has become a communications operator that has dominated the Hong Kong television, landline, mobile communications and the Internet industries.
After the Hong Kong Stock Exchange was listed in 1988, it became a component of the Hang Seng Index (blue chip stock) in the Hong Kong stock market. Many Hong Kong people regard the purchase of Hong Kong Telecom's stock as a pension investment, and can enjoy food and clothing if you spend a single stock dividend every year. It can be said that Hong Kong Telecom has a special status in the hearts of Hong Kong people.
Hong Kong Telecom was controlled by British-funded groups for a long time before the 1980s. At that time, British people in the water, electricity, telecommunications and other industries that controlled the lifeline of Hong Kong did not allow others to intervene. Therefore, Hong Kong Telecom is actually equivalent to a British state-owned enterprise, and it has also been infected with a common problem of state-owned enterprises with bloated institutions and low returns. As the Sino-British negotiations proceeded, the British realized that the general trend was hopeless and gradually relaxed their control over these monopoly industries. In addition to the Dadong Telecom Corporation, which is a major shareholder, Hong Kong Telecom, allowed Chinese telecommunications companies to participate in Hong Kong Telecom for the first time.
However, this did not change the profits of Hong Kong Telecommunications year by year. In the 1990s, the booming development of mobile communications and the Internet. As the world's most free economic port, competition in the Hong Kong Telecom industry became extremely fierce. The transformation of Hong Kong Telecom, a giant, lagged significantly behind. In 1990, Hong Kong Telecom's business was reorganized and the former president of Cathay Pacific Airways was hired to serve as the head of the company, but all kinds of measures did not improve much. As the major shareholder of Hong Kong Telecom, British East Company, had the idea of selling Hong Kong Telecom shares, so that it could cash out and leave.
Singapore Telecom, which attempts to acquire Hong Kong Telecom, is the most expanding company among Singaporean companies. Its wireless network is now known as the second in Asia, second only to Japan's NTT company. With the support of the Singapore government, it has actively expanded in Asian countries over the years and has communications business in more than 20 countries. This time, it launched a $10 billion acquisition of Hong Kong Telecom, saying that this is a key move for them to fully explore the Asian market. Of course, it is determined to win. At the end of January, Singapore Telecom had basically agreed on the conditions with Dadong Company, but it was only a short time to make public announcement.
Chapter completed!