Extraordinary Genius Chapter 1018 – The frustrated Sun Zhengyi

Chapter 1018 – The frustrated Sun Zhengyi

Feng Yu knew which industry to invest in is not because he is good at investing. It is because of his memories from his previous life.

Even when during business negotiations, many people in Feng Yu’s companies are better than him. But if the investment is successful, Feng Yu will get extremely high profits.

In Feng Yu’s previous life, j.a.panese Softbank’s Sun Zhengyi is a famous Venture Capital investor. His investments in tech firms helped him get returns up to hundreds of folds, and also let him become Asia’s wealthiest man.

But that was in Feng Yu’s previous life. In this life, Sun Zhengyi’s investments will not be so successful.

Two years ago, Sun Zhengyi started to invest in network technology firms. He had invested 100 million USD in Yahoo, and this is his most successful investment these few years. The return of this investment is more than 70 times and is worth almost 8 billion USD now!

Sun Zhengyi’s investment in Yahoo showed him the benefits of investing in such firms, and he started looking around for new network technology firms to invest.

Sun Zhengyi’s venture capital investing’s strategy is the same as other venture capital. After investing in a company, he will push for the company to get listed and then make money from selling the company’s shares.

Of course. If Sun Zhengyi had invested in a company like Yahoo, he would continue to hold the shares and collect dividends. As a venture investor, he is not afraid of failed investments. Even if his investments failed fifty times, and he found a company like Yahoo, he will recover his losses and get high returns.

After some research, Sun Zhengyi felt the Chinese and South Korean technology markets would be the next up and coming markets. He started to look for firms to invest in these two countries.

In South Korea, Sun Zhengyi encountered some problems. Hong Kong’s Fu Family had entered South Korea’s market. They acquired, merged, and invested in many companies. The companies he targeted were all invested by the Fu Family before he could act.

Sun Zhengyi was fine with it, as the South Korean market is much smaller compared to the Chinese market. Network technology companies still needed the support of users.

The Chinese market is ma.s.sive because of the population. Although China’s economy is not as developed, the economic growth in the past few years is very fast. The PC industry in China is also developing very fast. Lenovo Group’s sales had been increasing every year and are much higher than many j.a.panese PC brands!

The more PCs are sold, the more internet users there will be, and network technology firms will rise!

Sun Zhengyi noticed China likes to copy other countries’ development strategies. The US’s tech firms had created high returns from network technologies, and this year, China started to speed up internet development.

Sun Zhengyi felt many network tech firms would appear in China, and these firms will lack funds. This is the best opportunity for him, as a venture investor, to invest in these companies and make profits from them.

So, Sun Zhengyi come to China with a team of negotiators confidently. Softbank will invest at least a few hundred million USD in China. If one of the companies can reach half or even a third of Yahoo’s success, he will have made profits.

But after Sun Zhengyi arrived in China and started some promotions, no one approached him for investment.

Sun Zhengyi sends his men out to investigate. He wonders if the Chinese companies knew what venture capital is.

When Sun Zhengyi’s men came back to him with news of a venture capital investment firm in China, this company had used aggressive marketing, and the companies, Sun Zhengyi targeted, were all invested by this investment firm. None of them went to Softbank.

An investment company that focuses solely on venture capital investment and spending a large amount on advertising is ridiculous!

Also, this company claims that they have 1 billion USD to invest. Sun Zhengyi wonders which tyc.o.o.n owns this company.

Sun Zhengyi thought hard about it and felt this company must be owned by that Chinese super tyc.o.o.n, Feng Yu.

This is because Sun Zhengyi felt other than Feng Yu, no one in China can fork out 1 billion USD to invest!

Sun Zhengyi realized that he met a formidable opponent. This man has more money than Softbank. Softbank’s current market value is over 20 billion USD, but it is still lesser than Feng Yu.

All venture capital investment companies will have an industry they will focus on, and Sun Zhengyi thought Feng Yu is only targeting network tech firms. He can invest in other technology companies.

But Sun Zhengyi was frustrated to know that Feng Yu’s Tai Hua Consultancy is investing in everything. All the companies Sun Zhengyi targeted were all invested by Tai Hua consultancy.

Sun Zhengyi had even approached some of these companies and offered lucrative terms. Still, those companies used his offers to negotiate with Tai Hua Consultancy.

Sun Zhengyi does not know many Chinese dislike j.a.panese. Although this is a business transaction, most Chinese companies would prefer to work with another Chinese company compared to a j.a.panese company.

Sun Zhengyi had been in talks with Netease for a long time, and he thought Netease would accept his investment. But he was informed Netease had accepted Tai Hua Consultancy’s investment.

This is another company Sun Zhengyi loses to Tai Hua Consultancy. Sun Zhengyi had made a great offer to Netease, and even the other directors complain about it. Why did Netease pick Tai Hua Consultancy instead of him?

Tai Hua Consultancy’s offer is better than them? No other venture capital investment companies should be offering a better deal than Sun Zhengyi!

But Sun Zhengyi does not know Tai Hua Consultancy is not like other investment companies. Feng Yu had a list of ‘must invest’ companies, and Tai Hua Consultancy had been monitoring Softbank. Most of the companies Softbank target and want to invest had gone to Tai Hua Consultancy!

Sun Lijie rejected the few remaining companies because they were asking for too much, and Softbank also did not accept those companies’ harsh demands. Sun Zhengyi might be a venture capital investor, but he will not accept any risky investments.

Softbank’s trip to China had failed. Sun Zhengyi had no choice but to leave China with his team for Europe.

Sun Zhengyi has money, but nowhere to invest. This is the first time he felt so frustrating after he becomes a billionaire!