Entertainment: I am the peak

Chapter 787 What is a God of Investment?

At the celebration banquet, others wanted to socialize with the Autumn Group, and the senior executives of the Autumn Group also wanted to socialize with others.

For the new LeEco platform to develop, it needs financing and to bring more strategic partners on board.

The film business is undergoing a strategic contraction, but existing projects still need to be done and funding needs to be raised. Meanwhile, the television drama business is expanding rapidly and requires even more money.

But Li Qiutang doesn't really need to drink for any of these things. The relevant people in charge will handle the talks. Li Qiutang only needs to listen to the final report. In fact, except for a few key projects, Li Qiutang doesn't need to listen to any other reports.

Besides her own directing projects, Li Qiutang is now gradually shifting her focus towards the company's strategic planning.

For example, the financing of new video platforms, and the strategic planning of venture capital firms for the future.

PanShi Capital originated from the strategic investment department of Autumn Pictures. Last year, it was spun off from the company to focus on investments outside the film and television industry—film and television investments are still handled by Autumn Pictures.

Mr. Li has no ambition in this regard. Li Qiutang did not intend to make Panshi Capital one of the top private equity and venture capital firms in China. Panshi Capital is positioned as the cash cow for Qiutian Film and Television's main business. In order to ensure his control over the cash cow, Panshi Capital does not accept external funds. The funds it manages all come from its own shareholders and the Qiutian Group.

Li Qiutang didn't have time to deal with those outside LPs.

However, the initial capital managed by PanShi Capital was as high as 20 billion yuan. There was no way around it; after all, Mr. Li and the Qiutian Group were rich, and the shareholders of the Qiutian Group were willing to give money to PanShi Capital.

In order to prepare for the impending global black swan event, Mr. Li is very willing to transfer his investment opportunities to the company.

After the celebration banquet for "The Wandering Earth", Li Qiutang held a small meeting with relevant personnel from PanShi Capital to discuss investment matters.

Fortunately, since Rock Capital originated from Qiutian Capital, Li Qiutang's authority remains, so Mr. Li doesn't need to go to great lengths to persuade them to follow his investment vision.

When PanShi Capital was founded, Mr. Li emphasized to the company that the new energy vehicle industry would see development. At that time, Li Qiutang only provided CATL as a company for them to consider for investment.

After several months of research, the company has gradually come to a clear conclusion: the new energy vehicle industry is indeed a worthwhile investment sector.

They also knew that Li Qiutang had bought a large number of Tesla shares in batches in the US stock market in 12 and had made a lot of money.

“You can’t just look at these things; you need to delve into the national strategic level,” Mr. Li began his lecture again.

"The sheer size of the automotive industry is enough to support hundreds of millions of jobs across its upstream and downstream sectors. Coupled with the fact that our traditional gasoline vehicles don't have much of an advantage, new energy vehicles present us with an excellent opportunity to leapfrog ahead. The country will definitely give strong support to the development of the new energy vehicle industry. When we make investments, we must follow the national strategy."

Li Qiutang suggested BYD as another investment target for the company: "In the domestic new energy vehicle industry, we'll invest in CATL and BYD, that's enough."

"We could invest in Tesla too, right?" a colleague asked.

“We can invest, these three companies are enough.” After all, Mr. Li himself has made a lot of money from Tesla. “Tesla said it was going to build a factory in Shanghai, and our domestic supply chain will save Tesla.”

Then a colleague suddenly asked, "Is Mr. Jia investing in Faraday Future?"

The question immediately filled the room with a cheerful atmosphere, and everyone laughed heartily.

Li Qiutang hadn't been paying attention to Boss Jia's car manufacturing project, but out of curiosity, she asked, "How's his car manufacturing going?"

"He actually managed to secure funding, built a prototype, and started production at the factory. They're working like crazy. This kind of person really knows how to get things done."

Few would deny Mr. Jia's ability to get things done. Even his former competitors had to admit that he had a keen eye, acted decisively, and had first-class work skills. However, his weakness was that he acted too decisively. He would go all in on a business he set his sights on, spreading himself too thin and failing to specialize in any one business. In the end, none of them had a good ending.

Everything Li Qiutang does revolves around his main business of film and television. All his personal and company cross-industry investments are also for the sake of this main business.

"Then let's wish him success." Li Qiutang didn't know if Boss Jia could succeed again this time, but no matter what, he wouldn't invest in Boss Jia. Because he didn't have the money. With the little money he had in the autumn, he couldn't afford to play around in the automotive industry. He could buy stocks on the secondary market, but investing in a car manufacturing company was beyond his capabilities and not his ambition.

If investing in the new energy industry was simply Li Qiutang's way of making money, then what Li Qiutang is going to invest in next will be closely related to the company's main film and television business.

"Invest in AI and the chip industry! The company will vigorously develop AI+film and television in the future, and I am also preparing to establish an AI technology company. You need to accumulate some industry experience."

As for investment advice, Li Qiutang simply said, "You all know my personal holdings. Just buy Nvidia, Oracle, and Amazon as you see fit."

Li Qiutang started making empty promises to the people at the investment company again, telling them to work hard to accumulate experience in the technology industry, and that doing investment definitely requires learning data and algorithms.

"Who says investors can't be CEOs? When we establish our own AI technology company in the future, I'll choose the CEO from among you first."

Mr. Li doesn't make empty promises lightly, but once he does, he truly delivers. Chen Zhixi has just been transferred from being the second-in-command at the film company to becoming the head of the new company. The new LeEco has no less development potential than Autumn Pictures.

The meeting went on very late before a colleague finally asked the question that had been lingering in their minds: "How do you know so much about these cross-industry developments?"

"I don't know anything about it," Li Qiutang laughed. "I don't know anything about car manufacturing, I don't know anything about chips, how would I know anything about that!"

"That……?"

"Read more news, learn more about international affairs, and then make investment decisions."

You're kidding me!
"We also read industry news and international current events."

“That’s it. I don’t have any secrets,” Li Qiutang said. “I also want to just make my own movies and not care about anything else, but I have thousands of people to support, so I can’t.”

Finally, he added, "My investment judgments aren't always accurate, and I've lost money before, but I'm too embarrassed to tell you about it."

"Alright, that's enough for today. We'll invest in these few companies. Like I said before, if we can't get large block trades, we'll break them down into smaller orders and buy them slowly on the secondary market. You guys are more professional at this than I am, so I won't presume to teach you."

Li Qiutang drove home by himself. When he got home, all the lights in front of and behind the house were off, and his mother-in-law and wife had gone back to their room.

Li Qiutang took a bottle of water from the refrigerator and went upstairs. As soon as she entered the room, she heard the sound of washing up in the bathroom.

"Husband." Liu Yifei inside heard Li Qiutang's voice as he returned.

"Yes," Li Qiutang replied.

Liu Yifei changed her clothes and came out. She took the water from Li Qiutang, took a sip, and said, "Go wash up and go to bed early."

She was the one who said to go to bed early, but it was also she who clung to Li Qiutang after he had showered and was ready to sleep.

"It's so late, don't bother."

"There's nothing to do tomorrow." Liu Yifei disagreed and slapped him. "We haven't spent much time together for a week."

Li Qiutang touched her face and pinched her ear. Liu Yifei smiled and said, "I knew my husband was the best."

Li Qiutang deeply regretted bringing a bottle of ice water; she couldn't stand it.

(End of this chapter)