Chapter 14741476【Internet Bubble】
?In 2000, Kunpeng Real Estate continued to develop strongly, and its influence has expanded from Yanjing to Shanghai, Jiangsu, Suzhou, Hangzhou, Jinling, Zhuhai and other places.
Generally speaking, it is developing towards the south.
Firstly, the economic development in the south is more rapid; secondly, the real estate policies in the south are more favorable.
The development strategy is still three quick: acquire land quickly, develop quickly, and get money back quickly. This development strategy has also enabled Kunpeng Real Estate to develop rapidly, with sales and profit margins maintaining rapid growth of more than 30% for many years.
?This has also enabled Kunpeng Real Estate’s stock price to remain strong after the Asian financial crisis, and its market value has risen to about 20 billion.
Compared to the time when it was listed in 1996, it has nearly tripled. Xiang Nan''s net worth has increased by tens of billions as a result, making many colleagues envious.
??However, it is difficult for them to copy Xiang Nan''s approach.
On the one hand, they don’t have as good connections as Xiang Nan. Although since 1998, the government has classified real estate as a pillar industry and has provided preferential treatment and support in various aspects.
But it is still not easy for real estate companies to get loans. This is in stark contrast to the situation before the real estate bubble in Hainan in 1993. At that time, bank loan approval was very easy, and tens of millions of loans could be obtained with just one phone call.
? And without such abundant funds, they still want to achieve high turnover. Even if a clever woman cannot make a meal without rice, it will naturally not work.
On the one hand, they do not have as good a vision as Xiang Nan. Xiang Nan knows a lot about real estate, and he basically knows how each area will develop.
So he bought the land in advance, and when the government went to develop it, he would just go and develop the property. In this way, when the government supporting facilities are built and Xiang Nan''s building is just completed, there will be no need to worry about selling it.
Other companies do not have such foresight as him. The real estate development is either too early and the supporting facilities cannot keep up, resulting in failure to sell. Either the property was developed too late and the funds were **** on the land, so high turnover would naturally not be achieved.
So they could only watch Xiang Nan get rich.
…
In March 2000, the Nasdaq Index in the United States soared to its highest point, 5,048 points.
In 1994, the highest index of the Nasdaq was only 892 points. In six years, it has increased nearly five times, which shows how popular the Internet is.
?However, there is an old Chinese saying that when the moon waxes, it will wax and wane. After climbing to 5,048 points, the Nasdaq began a slow decline.
On the one hand, it is affected by the Federal Reserve’s interest rate hike. The Federal Reserve believes that the price-earning ratio of listed Internet companies is often more than 200 times, which is very unhealthy, so it raises interest rates to curb the Internet bubble.
On the one hand, the Japanese economy has entered a recession again, causing panic in the market. Capital has sold stocks one after another, which has also led to a rapid decline in stock prices.
Coupled with the media’s panic rendering, and the fact that there is indeed a big bubble in the Internet. As a result, by April, the Nasdaq had lost a quarter of its value.
?In 2001, the September 11 Incident occurred again, further causing market panic. Therefore, it was not until 2002 that Nasdaq stopped its decline and began to rise slowly.
By then, the Nasdaq index had fallen to less than 1,500 points, down nearly three-quarters from its highest point.
The share prices of most listed Internet companies have plummeted, with NetEase and Souhu even falling to less than one dollar. Compared to the price when it first came on the market, it’s almost as low as grandma’s house. What''s even worse is that because stock prices have plummeted, capital is no longer optimistic about the Internet industry. This has caused a large number of Internet companies to have difficulty in financing, and they don''t even have enough money to operate.
Under such circumstances, a large number of companies are naturally forced to close their doors. The rest, even if they survive, are just hanging on. According to statistics, during this Internet bubble, a total of five trillion US dollars was wiped out, and countless investors lost all their money.
In contrast, Xiang Nan jumped out of the car in advance to survive before the bubble burst, and was safe in pocket. That''s really smart.
?Furthermore, he also took advantage of other capital to withdraw from the Internet industry, and so many Internet companies lost investment and were waiting for opportunities to come back again and obtain a lot of shares.
For example, in the previous companies such as NetEase, Souhu, and Xinxang, he only received half of the shares. If there are more, either the price is too high or they won''t sell it. Now that the stock price has dropped to the point of being worthless, he has easily obtained 30% of the shares.
…
Selling stocks in advance and taking a safe pocket allowed Xiang Nan to avoid billions of dollars in losses, and also allowed him to successfully cash out nearly five billion U.S. dollars. Compared with his investment a few years ago, he made dozens of times the money, which can be said to be a huge fortune.
?In addition to this income, the film and television adaptation rights of Xiang Nan''s novels "The Matrix" and "Harry Potter" were finally sold.
In the past few years, the scripts produced by Xiang Nan have always achieved good box office success in Hollywood. For example, "Detective Plane Head", "Unforgettable Catastrophe", "Bravely Attack the Death Island", "Air Prison", "Game of the Brave" and so on.
Therefore, although "Harry Potter" and "The Matrix" have been released for several years and their popularity has declined, Hollywood companies still love them.
?Now that Xiang Nan has finally relented, major film companies are naturally snapping up the film.
In the end, Xiang Nan chose to cooperate with Disney Pictures.
Because Disney offers the best conditions.
In the late 1990s, since Pixar launched the 3D animation "Toy Story", Disney''s traditional animation market has been greatly impacted.
The outside world believes that Disney is likely to be doomed. This made its life very difficult, and even the stock price fell sharply. Precisely because of this, it urgently needs a new story to maintain the company''s stock price.
Xiang Nan’s “Harry Potter” series targets the teenagers Disney most wants.
??If it can get the "Harry Potter" series, it will not only be able to make movies, but also build Hogwarts in Disneyland, allowing tourists to experience the magic of the wizarding world.
As soon as the tourists come, money for tickets, meals, and shopping will follow in droves. Therefore, for Disney, "Harry Potter" is really a once-in-a-lifetime IP, precisely because it did not hesitate to sign very harsh and generous cooperation terms with Xiang Nan.
Xiang Nan cannot help but have the right to directly participate in box office sharing, and can also participate in ticket sharing and peripheral product sharing.
In other words, if Disney builds Hogwarts Castle in the park, Xiang Nan can take a commission from the tickets. Moreover, every time a tourist buys a Harry Potter peripheral product, such as a wand, Hogwarts uniform, candy, etc., Xiang Nan can get a share of the money.
?Although the proportion is not high, Disney receives hundreds of millions of tourists a year, which is very impressive. It is no exaggeration to say that making 100 million a year is not an exaggeration.
(End of this chapter)