In 200 1 year, a foreigner named "David Wallerstein" came to Tencent's headquarters, put forward the idea of being a receiver, and bought 20% of Tencent's shares held by Li Zekai, who is the vice president of MIH China business under the South African newspaper group. During the Internet bubble, David Wallerstein was also very optimistic about the Internet. From his Chinese name, we can see his inner thoughts, and the Internet is promising. QQ has such a large user base, why are you worried about not making money in the future? As a result, David Wallerstein offered a high price of 1 1 times higher than the $2 million invested by Li Zekai three years ago, totaling $22 million. Li Zekai's sale of shares also led another Tencent investor, IDG, to follow suit and sell some shares to MIH. MIH finally spent 260 million RMB to hold 365,438+0% shares in Tencent. Today, Tencent's market value is as high as HK$ 6 trillion. Based on MIH's shareholding ratio of nearly 3 1%, the value is nearly10.6 trillion RMB, and the return on investment reaches 6 150 times.