When Tencent first went public, Xu Xin bought 5 million shares, and now she has earned several billion yuan

Tech 2023-05-23 09:04:07 Source: Network

When it comes to venture capital queen Xu Xin, many people are not unfamiliar. Back then, she became famous by investing in JD

When it comes to venture capital queen Xu Xin, many people are not unfamiliar. Back then, she became famous by investing in JD.com. Xu Xin's investment in JD is like Sun Zhengyi's investment in Alibaba, both of which have achieved great success.

But Xu Xin's most successful investment in life was not in JD.com, but in Tencent. Xu Xin is the boss of Today's Capital, and investing in JD is a company investment, not a personal investment. Because the funds of the investment company do not come from the boss alone, but also from the funding side, although investing in JD has been successful, the main income is from today's capital. Xu Xin's most successful personal investment was in Tencent.

Years ago, Xu Xin once said that she had invested 5 million yuan in Tencent herself, when Tencent had just gone public. In 1998, Ma Huateng founded Tencent with several of his college classmates and launched QQ.

In fact, initially Tencent made a profit by selling software. After developing QQ, they also planned to sell it to make money. However, at that time, Telecom offered a price of 500000 yuan, and they hoped to sell it for 700000 yuan. However, the two parties did not reach an agreement, so Ma Huateng and others were unable to sell it and had to operate the project themselves.

However, Ma Huateng and others did not expect that Tencent's development was very fast, becoming the largest social tool in China in just a few years, accumulating astonishing users, and Tencent also successfully achieved profitability. Therefore, Tencent went public in Hong Kong. That year was 2004, 19 years ago.

When Tencent went public, Xu Xin was still working at Baring Investment and had not yet started his own business. Xu Xin worked at a bank in her early years. Later, she was successfully recommended by the bank to study in the UK and obtained a Certified Public Accountant certificate. Afterwards, she entered the investment banking industry.

Early on, Xu Xin represented the company in investing in a series of excellent companies such as Wahaha and NetEase, achieving great success. Just by investing in NetEase, he has achieved a return of 800% for shareholders.

In 2004, Xu Xin was personally optimistic about Tencent, so he took out 5 million cash from his own pocket and bought a large amount of Tencent stocks. When Tencent first went public, its market value was still less than 10 billion yuan. But many people cannot imagine that Tencent began to run wild, with a market value exceeding 100 billion yuan, followed by 1 trillion yuan, and by 2021, the highest even exceeded 7 trillion yuan.

Xu Xin later stated at an event that he had never cashed out after buying Tencent's stocks, so he had always held Tencent's stocks. Now, the market value of these stocks is already several billion. Because Tencent's market value has increased by over 800 times since its listing.

You should know that Tencent still has great potential in the future, and it can be said that its market value can continue to rise. Tencent is still the leader in the social media industry, and its advantages in the gaming industry are also very obvious. In addition, Tencent's revenue in finance and advertising is constantly rising.

So Tencent's market value may continue to rise, and Xu Xin's investment may also continue to appreciate. Xu Xin officially founded Today Capital in 2005, and in the first round, she invested 8 million yuan in JD.com. Back then, Liu Qiangdong only wanted to get 2 million yuan, but Xu Xin gave 8 million yuan.

At that time, Xu Xin had a crush on Liu Qiangdong's ruthlessness. This is something that many entrepreneurs cannot see. In 2014, when JD went public, Xu Xin's investment also received huge returns. Afterwards, she gradually reduced her holdings in JD's stocks and invested the cash into other fields. Now Xu Xin is the richest woman in China's venture capital industry. The market for venture capital is actually mostly male. But Xu Xin can make a breakthrough in this market, relying on her personal vision, which is her strongest point.

Actually, many people don't know that Xu Xin's husband Li Song is the founder of Zhenai.com. Ten years ago, similar dating websites were once very popular, with Zhenai.com, Century Jiayuan, and Baihe.com collectively known as the three major dating websites. Xu Xin and his wife are also considered very successful in their careers.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Mobile advertising space rental

Tag: When Tencent first went public Xu Xin bought million