First of all, we should know that Gaoling Capital Group is an investment company focusing on long-term structural value investment. It was founded by Zhang Lei in 2005. Gaoling absorbed the value investment ideas of Benjamin Graham and the famous investment master Buffett. After 10 years of development, it has now become one of the largest investment funds in Asia. Companies with valuable investment ideas pay attention to two points:
1. Development trend of the industry
2. Grasp the high-speed development period of the head enterprises in this industry.
3 Long-term stable growth enterprises will even hold heavy positions.
Let's take a look at the time when Gaoling Capital cleared Alibaba, Weilai Automobile, Li and Xpeng Automobile. In the third quarter of 2020, on1October 24th, 2020, 10, Ma Yun's brave words at the Bund Financial Forum stirred up a thousand waves, and then the Ant IPO was postponed. Regulators have repeatedly interviewed Alipay executives such as Jing Xiandong. With the development of e-commerce, Alibaba's rapid growth period has a feeling of slowing down. Capital is profit-seeking, and it is understandable that it especially likes the high-speed growth period of enterprises. However, Pinduo has become a heavyweight, so the high-speed development period of Pinduo has not passed yet. Seize the opportunity, come on! Friends in front of the screen!
State subsidies for new energy vehicles are also cooling down. Unlike before, as long as it is new energy, whether it is hybrid or pure electric, subsidies have declined, and there are requirements for cruising range, and even some bad businesses that defraud the state's new energy subsidies have been punished. Therefore, it is understandable that new energy vehicles cool down at the tuyere.
Finally, in general, it is not that these enterprises are not good at lightening their positions. It's just that Gaoling considers that the high-speed development period of the enterprise has passed or there are better high-growth investment opportunities. For example, many products have not lightened their positions, and they are still holding positions. JD.COM, Ali and Pinduoduo are all shareholders, that is to say, although they didn't start a unicorn, they can be said to have made a lot of money on it. Don't put eggs in one basket. He invested in all diversified investments.
Gaoling is a venture capital enterprise. Many enterprises bought shares of related enterprises as venture capitalists before listing, and by providing funds for some companies with listing development potential, they can get opportunities to earn high returns in the future.
1. Almost all venture capitalists adopt this model. They don't want to control the actual management of a company. At most, they just put forward some development strategy suggestions and provide listed financing resources. The ultimate goal is to sell shares and cash out after the company goes public. Of course. If the company invested in the early stage does not go public in the end, it is a misjudgment and the investment fails.
2. The level of investment in Gao Ling is quite impressive. With his judgment and resources, he often enters enterprises with great development potential and earns a lot of money from venture capital. Among clearance enterprises, Weilai, Ideality and Tucki are all new domestic forces of new energy vehicles. These companies have made huge profits in 2020, and their market value and Tesla have exploded, surpassing some automobile manufacturers with decades or even hundreds of years of history. It can be said that the stock price premium is very high, which makes a lot of money for venture capitalists.
With Tesla's strategy of reducing prices and increasing production, several major domestic new energy manufacturers are also having a hard time. In the case of a sharp rise in stock prices, there are indeed certain risks. We can't say that the share prices of Tucki, Weilai and Ideal are bound to fall, but the risks are much greater. For those who have earned several times, there is no need to return to blog for riskier gains. For safety, leaving the bag is the right choice.
As for Ali, it is also true in the field of e-commerce. The domestic market is squeezed by JD.COM and Pinduoduo, and the foreign market is not as good as Amazon. There is still the risk of being sued for monopoly. At the same time, Ant Group, the largest Internet finance company in Ali, is regulated and its scale is limited. From the perspective of investors, Ali is already a very mature enterprise, and the return on investment will not be more than that of new small and medium-sized companies.
I don't own all of Gaoling's money, many of which belong to all kinds of investors, so it has the pressure to repay the principal and interest. For Gao Ling, investing in an enterprise will have an expected rate of return. Obviously, the goals of these companies have been achieved. Now is the season to share the harvest with investors. In order to maintain the capital flow, it is normal for Gaochun to cash out some projects. At the same time, after withdrawing funds, you can invest in some new unlisted companies, which are potential enterprises that will bring huge profits to Gao Yan in the future.
4. It is not a good thing for investors who hold related companies. Gao Ling will have a lot of stocks in his hand, and it is inevitable that the stock price will be under pressure after selling. At the same time, if investors are retail investors, they do not have the ability to raise stock prices as institutions do.
As a first-class investor in China and even the world, Gao Xian's actions are mostly of weathervane significance.
Alibaba is the cornerstone of e-commerce in China, but with the rise of social e-commerce and video e-commerce, the slow traffic acquisition will affect its growth rate. Its stock market value may also fall, and it is normal to adjust the position.
New energy vehicle companies such as Weilai, Ideality and Tucki have reached a high point after the skyrocketing in 2020, and it is safe to change positions!
Investment is risky, be careful!