During the fierce period of the development of the Internet, the Zion Presbyterian Church invested nearly 100 billion US dollars in this industry. At its peak, the assets in their hands were worth up to 300 billion US dollars.

Now with the collapse of the Internet bubble, the value of these assets has rapidly shrunk. Not to mention 300 billion US dollars, it is already a burning fragrance to sell it.

"Xia, do you really not think about it anymore? These are all high-quality assets and have great potential for appreciation in the future." Stan Olind persuaded Xia Tian.

If these assets are sold now, the Zion Presbyterian Church can still stop the loss in time. Otherwise, the longer they delay, the greater their losses will be.

"Stan, there is no need to say anything like coaxing children. I had proposed a purchase before, just to help you, but you rejected me, Yu Qianli, thinking that I was taking advantage of you, which has greatly hurt my heart. Now you come to me and ask me to make another acquisition. To be honest, I am no longer interested." Xia Tian curled his lips.

"Xia, don't be emotional. We are all businessmen and should be doing business. These assets are indeed very valuable and have great appreciation potential. Don't damage your interests because of temporary unhappiness." Stan Olind said quickly.

Although Xia Tian was very dissatisfied with them and slapped every word he said, as Wall Street tycoons, their faces had long been tempered and thicker than the city walls, so how could they retreat when they encountered this setback?

"Okay, since I'm doing business, I'll tell you clearly. It's the Internet winter now, and all industries related to it are extremely cold. If you want to recover, you don't know when it will be possible.

I have paid for them now, and I may not be able to pay back the money for a few years. This will not only occupy a large amount of my funds, but also have no profit for a few years." Xia Tian said coldly, "On the contrary, I have countless opportunities to make money now, and each one can bring me a generous reward. Tell me, why do I have to spend money to suffer?"

"This..." Stan Olind was speechless by Xia Tian's question.

Indeed, Xia Tian is famous for his accurate vision. Over the years, he has almost lost all his investments, but on the contrary, he has made a lot of money.

For example, during the Asian financial crisis, summer snipers were carried out on the one hand, and on the other hand, it carried out large-scale bottom-buying acquisitions. By the time the financial crisis ended, he had already acquired a large number of high-quality assets in East Asia. Once the financial crisis passed and the economy recovered, the value of those assets increased several times.

In this Internet bubble, he pushed several of his Internet companies to the market at the peak of the Nasdaq stock index and successfully cashed out. He also sold the world production at a sky-high price. The timing was accurate, and even speculative experts like him admired it very much.

So Xia Tian made a lot of sense. People have so many profitable projects, so why do they have to buy these Internet companies?

The Nasdaq index is still falling, and the impact of the stock market crash continues, and I don’t know how long it will last. In this case, anyone with a brain will not invest in the Internet industry.

"Okay, I don't want to say too much bad words, so as not to hurt your and my relationship." After Xia Tian grabbed Bai Stein Olind, he said with a slow cheek, "I'm still saying that, you sell it first. If you really can't sell it, I will take over it then so that you will misunderstand me again, and I will take advantage of it."

"This... OK." After hearing what Xia Tian said, Stan Olind knew that the other person's idea had been decided and would not change it, so he no longer wasted words.

But to whom should this Internet company worth tens of billions of dollars be sold to? This is really a huge problem.

"Okay, he said that as long as he couldn't sell it, he would take over. Then, I'd better sell it to him." Stan Olind thought secretly.

...

After hanging up the phone, Xia Tian sneered, knowing that the Zion Presbyterian Church must have seen the current Nasdaq index still falling, so he completely lost confidence in the Internet industry and wanted to completely get rid of it.

But in this situation, except for a fool, who would spend tens of billions of dollars to help them take over the market? So they remembered that he had proposed a acquisition and was willing to break his promise and bet on his side, which was really shameless.

Although he does need these assets, there is no need to rush to acquire them at this stage.

On the one hand, the Internet bubble collapse continues, and these assets will continue to depreciate within the next year. At that time, it will be cheaper to acquire; on the other hand, summer funds have other uses and do not want to waste them on these assets.

Hongkong.

Since the collapse of the Internet bubble, Hong Kong Telecom's stock price has plummeted, causing another investment from the British consortium to be ruined.

Adding to the previous Enron acquisition case, their losses were as high as more than 300 billion Hong Kong dollars. This is not a small amount.

Because they acquired Enron and Hong Kong Telecom, they used bank loans, and bank loans mainly came from three banks, including Huizhou, Standard Chartered and Baotong. Therefore, not only are they carrying huge debts, causing the company's stock price to plummet, but even the three major banks are also affected by the stock price to plummet.

The 300 billion Hong Kong dollar loan was jointly borne by several British consortiums. A top consortium like Li Jiacheng, Guo Desheng, Kessek, Shi Huaiya and Wu Zheng, who are responsible for debts of hundreds of billions of Hong Kong dollars, can also avoid strong support.

But the Jiadaoli family is powerless to continue. The Jiadaoli family is an old wealthy family. They came to the Far East to make gold in the late Qing Dynasty. They had just opened a port in the 19th century and they had already developed here, which has been more than a hundred years since then.

The Kadoli family is engaged in real estate, trade, hotels, energy and other industries in Hong Kong. The famous Zhong Electric Power and Peninsula Hotel are controlled by their family and can be said to be a powerful and powerful person.

However, although the Jiadaoli family is an old wealthy family, it also has one disadvantage, that is, it has more than enough success and lacks exploration. It is not as good as emerging wealthy people such as Li Jiacheng, Guo Desheng, and Bao Yugang.

Therefore, in the past twenty years, not many of the Jiadaoli family's assets have increased, and they are basically still relying on old capital. They mainly make money by China Electric Power, Peninsula Hotels, and rental properties, which makes its assets not accumulate rapidly enough.

By the 1990s, its assets ranked relatively low among British consortiums, with less than 100 billion Hong Kong dollars. In recent years, suppressed by the Tianxia Group, the assets of the Jiadaoli family have decreased instead of increasing.

Especially after Tianxia Electric Power entered Hong Kong, China Electric Power's market share shrank significantly, causing the Jiadaoli family to lose a big chicken that can lay golden eggs.

Coupled with the impact of the Asian financial crisis and the failure of two acquisitions, the Jiadaoli family has now been heavily in debt and has reached a state of insolvency, so they are forced to sell their assets and cash out to repay their debts.

Xia Tian was preparing to transfer the money to Hong Kong to acquire the assets sold by the Kadoli family.
Chapter completed!