<h4>Chapter 1018 – The frustrated Sun Zhengyi</h4>


    Feng Yu knew which industry to invest in is not because he is good at investing. It is because of his memories from his previous life.


    Even when during business negotiations, many people in Feng Yu’spanies are better than him. But if the investment is sessful, Feng Yu will get extremely high profits.


    In Feng Yu’s previous life, Japanese Softbank’s Sun Zhengyi is a famous Venture Capital investor. His investments in tech firms helped him get returns up to hundreds of folds, and also let him be Asia’s wealthiest man.


    But that was in Feng Yu’s previous life. In this life, Sun Zhengyi’s investments will not be so sessful.


    Two years ago, Sun Zhengyi started to invest inwork technology firms. He had invested 100 million USD in Yahoo, and this is his most sessful investment these few years. The return of this investment is more than 70 times and is worth almost 8 billion USD now!


    Sun Zhengyi’s investment in Yahoo showed him the benefits of investing in such firms, and he started looking around for newwork technology firms to invest.


    Sun Zhengyi’s venture capital investing’s strategy is the same as other venture capital. After investing in apany, he will push for thepany to get listed and then make money from selling thepany’s shares.


    Of course. If Sun Zhengyi had invested in apany like Yahoo, he would continue to hold the shares and collect dividends. As a venture investor, he is not afraid of failed investments. Even if his investments failed fifty times, and he found apany like Yahoo, he will recover his losses and get high returns.


    After some research, Sun Zhengyi felt the Chinese and South Korean technology markets would be the next up anding markets. He started to look for firms to invest in these two countries.


    In South Korea, Sun Zhengyi encountered some problems. Hong Kong’s Fu Family had entered South Korea’s market. They acquired, merged, and invested in manypanies. Thepanies he targeted were all invested by the Fu Family before he could act.


    Sun Zhengyi was fine with it, as the South Korean market is much smallerpared to the Chinese market. Network technologypanies still needed the support of users.


    The Chinese market is massive because of the poption. Although China’s economy is not as developed, the economic growth in the past few years is very fast. The PC industry in China is also developing very fast. Lenovo Group’s sales had been increasing every year and are much higher than many Japanese PC brands!


    The more PCs are sold, the more inte users there will be, andwork technology firms will rise!


    Sun Zhengyi noticed China likes to copy other countries’ development strategies. The US’s tech firms had created high returns fromwork technologies, and this year, China started to speed up inte development.


    Sun Zhengyi felt manywork tech firms would appear in China, and these firms willck funds. This is the best opportunity for him, as a venture investor, to invest in thesepanies and make profits from them.


    So, Sun Zhengyie to China with a team of negotiators confidently. Softbank will invest at least a few hundred million USD in China. If one of thepanies can reach half or even a third of Yahoo’s sess, he will have made profits.


    But after Sun Zhengyi arrived in China and started some promotions, no one approached him for investment.


    Sun Zhengyi sends his men out to investigate. He wonders if the Chinesepanies knew what venture capital is.


    When Sun Zhengyi’s men came back to him with news of a venture capital investment firm in China, thispany had used aggressive marketing, and thepanies, Sun Zhengyi targeted, were all invested by this investment firm. None of them went to Softbank.


    An investmentpany that focuses solely on venture capital investment and spending arge amount on advertising is ridiculous!


    Also, thispany ims that they have 1 billion USD to invest. Sun Zhengyi wonders which tycoon owns thispany.


    Sun Zhengyi thought hard about it and felt thispany must be owned by that Chinese super tycoon, Feng Yu.


    This is because Sun Zhengyi felt other than Feng Yu, no one in China can fork out 1 billion USD to invest!


    Sun Zhengyi realized that he met a formidable opponent. This man has more money than Softbank. Softbank’s current market value is over 20 billion USD, but it is still lesser than Feng Yu.


    All venture capital investmentpanies will have an industry they will focus on, and Sun Zhengyi thought Feng Yu is only targetingwork tech firms. He can invest in other technologypanies.


    But Sun Zhengyi was frustrated to know that Feng Yu’s Tai Hua Consultancy is investing in everything. All thepanies Sun Zhengyi targeted were all invested by Tai Hua consultancy.


    Sun Zhengyi had even approached some of thesepanies and offered lucrative terms. Still, thosepanies used his offers to negotiate with Tai Hua Consultancy.


    Sun Zhengyi does not know many Chinese dislike Japanese. Although this is a business transaction, most Chinesepanies would prefer to work with another Chinesepanypared to a Japanesepany.


    Sun Zhengyi had been in talks with Netease for a long time, and he thought Netease would ept his investment. But he was informed Netease had epted Tai Hua Consultancy’s investment.


    This is anotherpany Sun Zhengyi loses to Tai Hua Consultancy. Sun Zhengyi had made a great offer to Netease, and even the other directorsin about it. Why did Netease pick Tai Hua Consultancy instead of him?


    Tai Hua Consultancy’s offer is better than them? No other venture capital investmentpanies should be offering a better deal than Sun Zhengyi!


    But Sun Zhengyi does not know Tai Hua Consultancy is not like other investmentpanies. Feng Yu had a list of ‘must invest’panies, and Tai Hua Consultancy had been monitoring Softbank. Most of thepanies Softbank target and want to invest had gone to Tai Hua Consultancy!


    Sun Lijie rejected the few remainingpanies because they were asking for too much, and Softbank also did not ept thosepanies’ harsh demands. Sun Zhengyi might be a venture capital investor, but he will not ept any risky investments.


    Softbank’s trip to China had failed. Sun Zhengyi had no choice but to leave China with his team for Europe.


    Sun Zhengyi has money, but nowhere to invest. This is the first time he felt so frustrating after he bes a billionaire!