Entrepreneurs need investors, investors need to find high-quality entrepreneurs, and the combination of the two is possible to make a career.
Son Zhengyi, as a legendary world-class investor, has caught up with every wave: PC Internet, mobile Internet, IOT (Internet of Things).
Of course, Sun Zhengyi is most well known because he invested in Jack Ma's Alibaba. Sun Zhengyi spent $20 million to invest in Ali that year, and obtained thousands of times the return on Ali.
Son Zhengyi's investment in Ali has not only achieved a big increase in wealth, but also made Son Zhengyi's reputation in the global investment circle soar!
Before Sun Zhengyi and others negotiate cooperation, they must first fully discuss with the company's insiders and formulate a win-win plan. Otherwise, blindly pursuing one's own interests and lacking a reason to convince the other party will only make oneself weak and the other party wary.
For how to do a good job in investment, Son Zhengyi also has his own views. Sun Zhengyi believes that investment is mainly to see the general trend, if you look at the development of an industry, then you must take the year as a unit, to put it bluntly, do not care about short-term fluctuations, but always pay attention to the development of industry trends. This is the concept of "flying over management" proposed by Sun Zhengyi!
This investment method of investment industry has also been recognized by Hillhouse Capital and Sequoia Capital. For so many years, Hillhouse Capital and Sequoia Capital are optimistic about one industry, and then invest in most of the companies in the industry.
Although Son zhengyi has a unique insight into the way to invest, there is only one Jack Ma and only one Alibaba in China.
In the past few years, Son Zhengyi has invested in many Chinese companies, such as the well-known Didi Chuxing, which Son zhengyi invested.
According to data, Didi has raised 20 rounds of financing before and after, with a financing amount of more than 24 billion US dollars, and Sun Zhengyi alone has invested more than 12 billion US dollars in Didi, and Japan's SoftBank is the largest institutional shareholder of Didi Chuxing.
But perhaps what Sun Zhengyi did not expect was that even if there was a certain gap between Didi founder Cheng Wei and Ma Yun, he did not expect that the gap was so large?
Although Didi Chuxing is still the largest Internet travel platform in China, the Didi APP has not been restarted so far.
This has made the online ride-hailing industry change again, such as Meituan Taxi, Caocao Travel, T3 Travel and other players began to carry out crazy subsidies in the market. The intention of these companies is obvious, that is, to quickly expand their market share when the Didi APP is removed.
Under multiple pressures, Didi Chuxing's current market value is only $17 billion. You know, the highest market value of Didi Chuxing was close to $80 billion.
Japan's SoftBank holds more than 20% of Didi Chuxing's shares, and Son Zhengyi alone invested $12 billion in Didi, which means that Sun Zhengyi has made a huge loss in Didi's investment.
How to say it? Didi Chuxing's debt ratio of 20 to 30%, holding more than 10 billion US dollars, Didi also has a monopoly position in the market, the price-to-book ratio is less than 117 billion US dollars market value, it is such an asset-light platform company. Dear old iron, can you tell me that the current market value of Didi Chuxing is undervalued?