Liu Qiangdong: I don't see investors or analysts, I only answer analysts' questions during interviews.
Reporter asked: Why?
Dong Ge replied domineeringly: "They (investors, analysts?). The questions are sharp, and I don't want emotions to be swayed or driven by them and affect my judgment. ”
Liu Qiangdong, who claimed not to see investors, went to see his master brother Zhang Lei for $75 million.
Later, someone asked Zhang Lei who was looking for whom, Zhang Lei did not say clearly, only said that the two met at a forum meeting, and then Liu Qiangdong came to their office.
The reason why Liu Qiangdong came was for money, at that time, JD Logistics needed a lot of capital investment, and Dongge hoped that Zhang Lei could invest 75 million US dollars.
Zhang Lei listened and told Dongge that this money was not enough, and he wanted to give him 300 million US dollars.
Of course, Zhang Lei did not want to pull him on the face of the student, in fact, before Liu Qiangdong came to the door, he had already studied Jingdong thoroughly.
Zhang Lei found through in-depth research that the most important complaints of e-commerce are almost all from logistics problems, and Jingdong's self-built logistics warehouses, self-built logistics centers, and self-hired courier personnel can control all aspects of logistics and ensure user experience, which is the real long-term interest, which is in line with Zhang Lei's long-term value investment philosophy.
As a result, this brother "Lei Ge" calculated an account for the brother "Dong Ge", even if the layout of Jingdong Logistics was realized in the first-tier big cities in China, it would take at least 2.5 billion yuan, so Hillhouse insisted on giving Liu Qiangdong 300 million US dollars.
Under Zhang Lei's insistence of "either not investing, or investing 300 million", Liu Qiangdong accepted, which has today's Chinese version of UPS Jingdong Logistics.
After investing in JD Logistics, Zhang Lei then invested in JD Health, and now Zhang Lei's Hillhouse Capital holds 0.53% of jd.com's shares, and the market value has reached 6 billion US dollars.
In addition to JD.com, Zhang Lei has also successfully invested in hundreds of companies such as Tencent, Baidu, Ctrip, Meituan, Midea, and Gree. Today, hillhouse capital has grown from $20 million when it was founded in 2005 to $500 billion, making it The largest private equity firm in Asia.
Recently, Zhang Lei has compiled the investment experience and methods involved in hundreds of investment cases such as JD.com Group, Tencent, Gree and other investment cases in the past 15 years into a book, which is also Zhang Lei's only current book "Value".
In this book, there are no advanced concepts, obscure theories and complicated formulas, Zhang Lei uses 10 investment cases and 11 hand-drawn illustrations throughout the book, coupled with Zhang Lei's writing style, so that readers can read investment like a story, which is easy to understand.
If you are interested, you can click on the card below the picture at the end of the article and select Read.
