My capital is quite large.

Chapter 267 Weibo Goes Public

A few days later, several inconspicuous personnel change announcements were quietly posted on the internal network of Haofeng Group.

For ordinary employees at the bottom, this is just a routine job rotation.

Han Zongli was transferred to the newly established Hearthstone project team as its head, while Chen Jiahao was officially promoted to head of the animation department, fully responsible for the subsequent integration of Xuanji Technology and the follow-up of the Qin's Moon movie.

Inside the massive Haofeng Building, these few drops of water didn't even cause a ripple.

But among executives who know the inside story, this is nothing short of a silent convergence.

Privately, several directors who had close relationships with Lao Chen and Lao Han sent their veiled congratulations.

The two old men were very modest on the phone, but they couldn't hide the rosy glow on their faces.

They knew in their hearts that President Li was giving them face and making a statement through his actions—as long as the younger generation has real skills, the boss would not mind leaving a place for his own people behind closed doors on Haofeng's big ship.

This is tacit understanding, and it's also the dignity that belongs to the group's veterans.

Before Lao Chen and Lao Han could be happy for long, an even more important official document was issued directly from the General Office of the Liangjiang Provincial Party Committee to the President's Office of Haofeng Group.

The province has once again granted special approval, allocating an additional 30 billion RMB in industrial support funds to Huaxin Technology!

Standing in front of the floor-to-ceiling windows of Zijinshan Manor, watching the early winter snowflakes fluttering in the sky outside, Li Feng gently tapped his fingers on the window frame, and couldn't help but sigh in his heart.

"Having the national team as a partner definitely makes a difference."

He had previously felt a pang of regret over Huaxin's bottomless R&D costs, thinking that the 20 billion US dollars he had poured in wouldn't even make a ripple.

But now he understands. Huaxin Technology has been carrying the country's strategic mission, and Liangjiang Province holds a 30% stake. How could the province just stand by and watch Li Feng burn money alone in the snow?

With this injection of 30 billion yuan in supporting funds, Huaxin's second-phase production line and reverse engineering of lithography machines in Xuzhou quickly had a much wider financial chain.

However, with these transfers and loans involving hundreds of billions of yuan, Li Feng's total liabilities have quietly crossed the staggering threshold of over 100 billion yuan without anyone noticing!

"Debts exceeding hundreds of billions..."

Li Feng picked up the ginseng tea and took a sip. His eyes showed no panic, but rather a thoughtful expression.

He's getting better and better at using bank loans to run government affairs.

Sometimes he even thought absurdly that if it weren't for the impact of online public opinion and the country's strict control over the financial order, with the huge traffic pool of Haofeng's Weibo, iQiyi, and Bilibili, if he just started a micro-loan business similar to online lending on mobile devices, his ability to make money in a year would definitely leave the presidents of major banks dumbfounded.

But the thought only flashed through his mind before he ruthlessly suppressed it.

"Technology companies ultimately need to rely on core technologies to survive."

While online lending can generate massive cash flow in the short term, it is essentially a short-sighted approach.

Once the iron fist of regulation falls in the future, even the largest traffic empire will be smashed to pieces overnight.

Li Feng aspires to be a tycoon for centuries, and he doesn't want to cut off his own escape route for this quick money.

However, while he avoids online lending, he doesn't intend to continue playing the game of monopolizing the capital market.

In mid-December, an official announcement from Haofeng Group shook the entire Chinese internet and capital circles like a magnitude 12 earthquake!

Haofeng Group officially announced that it will initiate the spin-off and restructuring of its core business, "Haofeng Weibo," and aims to list on the Hong Kong Stock Exchange in the first half of next year!

The news sent Wall Street investment banks and domestic securities firms into a frenzy!

As the undisputed leader of public social networking platforms in China, Haofeng Weibo, with nearly 40 million daily active users and hundreds of millions of registered users, is already heading wildly toward the $20 billion valuation in the eyes of investors!

"Boss Li has finally come to his senses. That lone wolf that never went public or sought financing has actually started playing the spin-off listing game!"

"This shows that Li Feng's thinking has finally broken free from the miserly mentality he had in his early years."

In his office, Li Feng looked at the restructuring plan in his hand, a self-deprecating smile playing on his lips.

He was indeed a bit conservative before, always feeling that it was safer to have 100% control of the shares.

But after experiencing numerous power struggles, he finally understood: if he tried to monopolize everything, he would eventually attract the attention of those greedy giants and various forces.

Spinning off and listing its most profitable business, Weibo, would not only generate massive cash flow to fill the black hole in the semiconductor industry, but also dilute equity and tie all forces, including state-owned enterprises, to its own chariot!

Although the number of shares has decreased, Haofeng's foundation will become more solid as a result.

"The restructured equity structure should be done according to my opinion."

Li Feng looked at Zhang Yuxi, who was taking notes on a tablet beside him, and gave his final requirements:

"First, after listing, Haofeng Group must retain a 60% controlling stake and the excess voting rights of Class B shares! Not a single ounce of control over Weibo can be ceded to outsiders!"

"Secondly, before formally submitting the prospectus to the Hong Kong Stock Exchange, we will conduct a pre-IPO internal financing round!"

Li Feng's eyes flashed with consideration: "Have the legal department liaise with the provincial State-owned Assets Supervision and Administration Commission."

"State-owned assets of Liangjiang Province will invest in and acquire 20% of Weibo's shares after the restructuring!"

"Then... what about the remaining 20%?" Zhang Yuxi wrote down the data with a slight tremor.

"The remaining 20% ​​will be reserved for next year's Hong Kong IPO," Li Feng said calmly.

"Let those international investment banks and retail investors grab it."

......

One week later, Nanjing.

The State-owned Assets Supervision and Administration Commission of Liangjiang Province and Haofeng Group signed a pre-IPO strategic investment agreement.

A massive sum of RMB 20 billion was transferred cleanly and efficiently from a special account of the provincial state-owned capital operation platform to the restructured Haofeng Weibo corporate account.

This deal has sparked considerable discussion in the financial world.

As the year draws to a close, Haofeng Group's year-end financial forecasts have quietly been released. In this massive report, Haofeng Weibo alone boasts an astonishing annual net profit of 2.8 billion RMB.

With the upcoming "Weibo Night" year-end traffic extravaganza, this year's final profit is destined to exceed 3 billion yuan.

Logically speaking, if we only look at the dividends, the province takes 20 billion yuan for a 20% stake, which means they would only receive 600 million yuan in dividends throughout the year.

It would take more than thirty years just to recover the principal of this investment, which doesn't seem like a worthwhile investment at all.

However, the capital market clearly doesn't calculate it that way.

With Haofeng Weibo officially launching its listing process on the Hong Kong Stock Exchange, the initial valuation given by Wall Street and major investment banks in Hong Kong Island is aggressively heading towards the threshold of US$22 billion, equivalent to nearly RMB140 billion!

This means that the 20% stake held by the province will quickly swell to US$4.4 billion, or nearly RMB30 billion, after the listing bell rings in Hong Kong!

With this investment, the province essentially made a profit of 10 billion RMB out of thin air!

So, did Li Feng suffer a loss?

No, of course not.

In Li Feng's view, using this 10 billion yuan in paper profits to pay a protection fee is not only not a loss, but a huge profit.

With the prestigious name of Liangjiang Province, Weibo has been given an indestructible official title.

With the national team involved, he can avoid countless unnecessary troubles in the future when facing malicious lawsuits, anti-monopoly investigations, and various underhanded tactics from major giants.

In early December, the listing process for Haofeng Weibo was fully launched in Hong Kong.

His superiors had previously subtly advised him to consider listing Weibo on the mainland's A-share market, as this would greatly boost the local capital market.

But Li Feng isn't stupid.

The A-shares market? Forget about it.

……

At the same time, on the eleventh floor of The Grand Hyatt in Mid-Levels, Hong Kong.

Zhang Xinyu was rubbing her throbbing temples, looking somewhat tired.

The table was piled high with review materials for advanced mathematics and college English sent by Jinling University.

For a woman who didn't even get into a second-tier university back then, putting everything down and picking up textbooks again to memorize things by rote is more exhausting than serving the boss at the Zijinshan Manor until midnight.

Feeling a little dizzy from studying, she was just about to pick up the warm bird's nest soup and take a sip when her phone, which was next to her, suddenly rang.

It's a push notification for domestic news.

When Zhang Xinyu saw the bold black text on the screen—【Haofeng Weibo officially launches Hong Kong IPO, with an initial valuation approaching US$22 billion, equivalent to over RMB100 billion!】—she immediately snapped back to reality!

Her previous fatigue vanished, and a dazzling light flashed in her beautiful peach blossom eyes.

"Two hundred and twenty billion US dollars...more than one hundred billion RMB?!"

Zhang Xinyu stared at that number, her breath catching in her throat.

Having served as Li Feng's personal secretary for many years, she naturally knew the company's inner workings.

But this was the first time she had ever truly felt the suffocating pressure of wealth in the face of cold valuations!

The Weibo business alone is worth over 100 billion yuan!

What about Haofeng Group's real money-printing machine—the gaming division?

League of Legends, Hearthstone, and the upcoming Rise of Kingdoms and Clash Royale, which have been in development for several years... how much are they worth?

There's also iQiyi, Bilibili, and Huaxin Technology and Xiaomi Technology, which are frantically building factories and creating barriers in Xuzhou and Nanjing...

If the entire Haofeng Group were to be restructured, just how extravagant would its true wealth be?

As the person who knew Li Feng's assets best, Zhang Xinyu almost instinctively conjured up an answer in her mind that made her scalp tingle.

Richer than a country!

But this euphoria did not last long.

Looking at her son Li Maosong, who was sleeping soundly in the crib next to her, Zhang Xinyu's tenderness gradually turned into determination.

She thought of Liu Yifei and Yang Mi.

These two top actresses are giving up their promising acting careers to work tirelessly day and night in the economics and management schools of Tsinghua and Peking Universities, hoping to use their degrees to secure a legitimate position.

"I can't lose..."

Zhang Xinyu put down the empty bird's nest bowl and reopened the somewhat tedious review materials.

She had no way out and no time to overthink things.

She must obtain her bachelor's degree in the shortest possible time, and then pursue a master's and doctoral degree to equip herself as the most qualified and highly educated matriarch!

She needs to demonstrate her irreplaceable value to her boss!

She was determined to seize a huge family fortune for her Li Maosong!