Chapter 1363 Impact Investing

   The headquarters of Fuxing Industrial Group, Xia Jingxing is receiving two unexpected guests.

   One is Jack Ma, and the other is Yu Feng, the founder of Juzhong Media.

   Jack Ma is an old acquaintance.

   Yu Feng and Xia Jingxing have met once or twice because of a series of acquisitions such as "Focus Media's acquisition of Frame Media and Juzhong Media", and they are not strangers to each other.

  Xia Jingxing greeted the two of them to sit down, then ordered two more cups of tea, and then chatted cordially with the two of them.

   "Daren, you and I are welcome, and straight to the point."

   Jack Ma quickly explained his intention. He came here specially to launch the Yunfeng Fund, hoping that this fund would be supported by Xia Jingxing.

After listening to   , Xia Jingxing did not directly answer yes or no, but praised the prospects of Yunfeng Fund with a smile.

   "Old Ma, you have attracted more than a dozen well-known entrepreneurs to form such a large-scale PE fund with great momentum.

   Don't say anyone else, just me, I'm all taken aback by your generosity.

  Half of China's business community has been drawn into the team by you, and the circle of terrifying human resources formed is not yet allowed to be in the investment world.

  If I were an entrepreneur and saw such a promising fund, I would have to pull in the shareholder team no matter what.

   There are also excellent fund managers, who would also be eager to join Yunfeng Fund. "

   Ma Yun looked at Xia Jingxing with a smile on his face, even the financial tycoon was optimistic about the development of Yunfeng Fund, which means that he made the right move. Who would think that money is hot!

   Yu Feng seldom interrupted, watching the conversation between the two quietly.

   He and Ma Yun met a few years ago, and they got to know each other very well after they met.

  Two months ago, on a cruise ship in the West Lake, he chatted with Ma Yun about investment topics that he often talked about, and then the conversation deepened, and finally he talked about the gap between personal investment and institutional investment.

  Ma Yun has also made some personal investments in recent years, such as investing in Zhongqing Film and Television founded by Huang Huazhong brothers.

  Yu Feng has also achieved personal financial freedom after selling Focus Media, and he also does angel investment when he has nothing to do.

   Both are envious of Envision Capital's organizational and systematic institutional investment, and feel that it is never up to personal angel investment.

  Angel investment can only invest in some early-stage startups. When entrepreneurs see the names of Ma Yun and Yu Feng, two successful entrepreneurs, 80% will not refuse investment.

   But some larger-scale startups that have passed the early stage of development may not buy it.

   In addition to money and so-called "experience guidance", successful entrepreneurs cannot bring some systematic help to the company, and these are precisely the advantages of professional investment institutions.

   Therefore, if you want to expand your investment business, even a successful entrepreneur should choose to build a professional investment institution.

   In this regard, Xia Jingxing has already made a way for countless people, just copy the answer.

   Ma Yun and Yu Feng are the kind of people who have ideas, so after some conversation, the idea of ​​cooperating to create a PE fund came up.

   In order to ensure the successful establishment of the fund, the two have been in constant contact with well-known entrepreneurs in China in the past two months.

   A large number of well-known entrepreneurs such as Mr. Liu, Mr. Shen of Yintai, Mr. Shi of Titan, and Mr. Wang of Wuxing Electric are very interested in Yunfeng Fund and expressed their willingness to participate in the previous share.

   Of course, the two did not forget Xia Jingxing, who is currently in charge of the domestic business circle.

   Ma Yun and Yu Feng had a certain disagreement on whether or not to bring Xia Jingxing to join the team.

  Yu Feng thought that Xia Jingxing's status and wealth had far surpassed that of ordinary rich people, and it would be easy to overwhelm the guest when he was brought in.

   And Ma Yun felt that Xia Jingxing’s pattern was very big, and he didn’t like Yunfeng Fund, a fund that had not been formally established, and naturally would not come to compete for the dominant position of the fund.

  The two were at a stalemate for a while, but in the end, Ma Yun's opinion prevailed, so there is today's scene.

  Xia Jingxing is no longer the Xia Jingxing he used to be. In recent years, he has climbed countless business peaks and seen countless scenes that ordinary rich people cannot see. He has little interest in participating in Yunfeng Fund, a top domestic PE fund in his previous life.

   After all, he is just an ordinary LP and cannot issue orders to the fund.

   But considering the size and influence of Yunfeng Fund after it has grown up, its existence cannot be completely ignored.

   If only this power could be used for oneself!

   is the worst, and we should lead the old horse into the right path and invest in semiconductors with ourselves.

   Thinking of this, Xia Jingxing decided to teach Lao Ma a lesson.

   "Old Ma, after the establishment of Yunfeng Fund, it will definitely not be a problem to make money.

   But apart from making money, have you ever thought about using funds to realize some personal ideals and achieve some family and country feelings? "

   Ma Yun scratched the back of his head and looked at Xia Jingxing with a puzzled expression, not knowing what the connection was.

  Yu Feng looked at Xia Jingxing in disbelief. Isn't the purpose of investment funds to make money?

  Xia Jingxing noticed the confusion on the faces of the two, and said to them: "There is a concept in the fund called "impact investment", I wonder if you have heard of it?"

   Ma Yun is confused. Although he claims to be talented, he really doesn't know the various aspects of the investment industry. After all, this is not his main business, and he has never studied finance.

  Yu Feng is not a professional investor, but after deciding to start a new business in the investment industry, he has accumulated a lot of knowledge in the past two months, and vaguely remembers a little explanation about impact investment.

   "Mr. Xia, is the impact investment you're talking about a venture philanthropy, or social investment?

  Like the Grameen Bank founded by Professor Yunus, it belongs to the nature of venture philanthropy. "

  Xia Jingxing glanced at Yu Feng with admiration, nodded and said, "Yes, that is a typical case, but it is not comprehensive!

   Last year, the Rockefeller Foundation first proposed the innovative investment concept of impact investment, advocating capital to do public welfare through economical investment.

   I had a conversation with Mr. David Rockefeller, the third-generation head of the Rockefeller family, and he told me that the Rockefeller Family Foundation was approaching JP Morgan to define impact investing as an asset class.

   In this respect, developed countries, which pay more attention to the return on capital, are ahead of developing countries. "

   Ma Yun had understood it at this time, and decided to give himself back a city, and said: "Is this equivalent to the ancient "righteousness and benefit"?"

  Xia Jingxing smiled and nodded, "You can also understand that! In modern language, it is to improve people's livelihood at the bottom of society in developing countries or to achieve positive social and environmental effects through investment behavior.

   In terms of specific investment industries and investment objects, it mainly focuses on the environment, housing, basic education and health industries that are closely related to people's livelihood. "

   (end of this chapter)