Chapter 2003 Good Luck

I was busy with the business of Sun Company, and before I knew it, September was almost over.

The situation in the United States is very bad now. The financial turmoil has completely swept every corner of the United States. Even companies such as Wal-Mart and Home Depot, which have nothing to do with finance, have fallen under the outbreak of various bonds such as subprime debt. Let alone Wall Street.

The economic depression seems to be a foregone conclusion, and no one knows when it will end.

The only thing we can do now is to tighten our monetary policy and hold as much cash as possible in order to survive the crisis smoothly.

A big company's tightening of money usually means one thing, that is, layoffs.

In just half a month, Wall Street laid off a total of more than 5,700 people, setting a record after the Great Depression in the 1930s.

The Washington Post also published survey data showing that 86% of companies with more than 1,000 employees in the United States have laid off employees or intend to lay off employees. In the next three years, the unemployment rate of Americans will reach a new high.

We all know that side effects affect each other.

The layoffs were in response to the financial crisis, but the panic caused by the layoffs exacerbated the financial crisis.

The three major stock indexes in the United States fell continuously, and the bad news one after another directly affected companies in the electronic network world of Silicon Valley in the western United States.

The Internet has always been regarded as a rootless duckweed, and every time it encounters any trouble, it will be bad luck.

This time is a little bit better. After all, unlike the Internet crisis around 2000, which itself was caused by the Internet bubble, it was a financial tsunami caused by finance, and the Internet was only affected.

But the problem is, after it has been affected, according to the fact that the Internet has always been less resistant to suppression, it will continue to fall.

Whether it is giants such as Apple, Microsoft, Oracle, Amazon, etc., or those small start-up companies, they will inevitably fall into the circle of falling stock prices.

Especially Apple, which has attracted the most attention recently, I don’t know if it is not lucky enough. Still the same as in the previous life, it plummeted by 20% in three weeks. Seeing that Qiao Gangzhu felt that he was very angry.

But Xiao Qi took advantage again.

At the end of August, he signed a sale and purchase agreement for Cool Game with Bayeux Ventures.

Bayeux Ventures acquired 40% of Cool Game’s shares in exchange for 10% of Chose girl’s shares in its own hands, 10% of Chose girl’s shares in Amazon’s hands, and an additional $2 billion.

Then, thinking that the financial crisis was coming, Xiao Qi simply launched a complete sell-off in Silicon Valley.

He owns a total of 84% of Cool Game's shares, and now Cool Game's games are top-selling super-best sellers both on Facebook and APP STORE. It has long been the fat meat of major venture capital companies.

In August, although the economic crisis was looming, people in venture capital companies were not only thinking about the people in front of them.

In their thinking, the financial turmoil this time will certainly have a negative impact on Internet companies, but the root cause of the problem is not on Internet companies, so if they acquire the shares of Cool Game, it will only last a few months or a year at most The painful period will enter the long-term harvest in the future.

In fact, the original version of Cool Game. In the previous life, he survived like this, and then quickly entered a period of rapid development for several years, and then gradually weakened due to the lack of follow-up.

have to say. This long-held mentality of Americans is not unique to Buffett. In fact, everyone is not short-sighted.

Therefore, after Hoffman released the news, Xiao Qi's remaining 44% of Cool Game's shares were quickly snapped up by seven or eight venture capital firms.

Of course, Xiao Qi’s valuation of Cool Game is not cheap. He still evaluates it according to the total market value of 18 billion US dollars for Bayeux Ventures.

But a good company is not afraid of high prices. In everyone's eyes, Cool Game has many advantages. In addition, it will soon merge with Electronic Arts, and its future prospects will be even brighter. Even if the price is a little higher, the future earnings are considerable.

So they are almost all before August 31st. All the purchase agreements have been signed, and now the shares have been transferred, and the down payment of the first installment has been paid, which is about 3 billion US dollars in total, and the rest will be paid in full within one year.

okay.

As a result, the shares were transferred, and as soon as they got the first batch of down payment, Fannie Mae and Freddie Mac over there were completely deadlocked, followed by the collapse of Lehman Brothers and the acquisition of Merrill Lynch... a series of After the incident broke out, the Cool Game in their hands has shrunk by at least 10%.

If everyone was prepared, the short-term loss exceeded 100 million U.S. dollars, and at this time, they couldn't help grinning.

But after all, it was Bayeux Ventures who came to the door first, and it wasn't Xiao Qi who wanted to sell it on his own initiative, so everyone can only lament Xiao Qi's luck.

The boy's luck is of course very good. Not only will he get 9.92 billion US dollars in cash, but he will also directly get back 20% of Chose girl's shares.

As a result, Tang Mingxiang finally mastered Chose girl once again, which made the pregnant little Meiji feel as happy as a little girl, and even kissed Xiao Qi several times on the phone.

Xiao Qi is also very happy, after all, he has finally fulfilled his promise to his wife, and handed over all the Chose girl she worked so hard to create into her hands.

Tang Mingxiang's team also breathed a sigh of relief. The return of 100% of the stocks shows that they have no more constraints and can do a lot of work freely.

Thinking about it, they have worked hard enough. In the past year or so after Tang Mingxiang left, they were dealing with Tang Mingxiang's various investments on the one hand, and on the other hand, they were also watching the development of Chose girl as a bystander. gains and losses.

So they also hold regular meetings to discuss how to do better than others, so as to push Chose girl to the top again.

In fact, the current situation of Chose girl is not very good.

Most of the shares were recovered. Since July, the management team began to manage Chose girl again, but the losses are still serious, with a monthly loss of up to 500 million US dollars.

The main reason is that before selling the shares, Tang Mingxiang took too big a step, laying out channels in Europe and South America, and these places are not so adaptable to Chose girl's group buying model, and this year there are many emergencies Neither is good, so it caused a big loss.

The loss mainly comes from the wages of more than 50,000 employees around the world, as well as from server operating costs.

But Tang Mingxiang didn't think the situation was serious.

Although the losses were severe, it is undeniable that the middle and high-level people who stayed in Chose girl are still left by Tang Mingxiang's previous business. They have been implementing Tang Mingxiang's policy of laying outlets. Both Europe and the United States have a strong popularity, but the popularity cannot be converted into profits for a while.

What she has to do now is to take advantage of the financial crisis to recommend all kinds of cheap and high-quality group buying to housewives!

yes!

It's the housewives!

Whether it is in ancient or modern China and abroad, the right to family expenses is in the hands of housewives!

You said that the super rich with tens of billions of assets, although they are very cautious about family property, but the daily expenses, family expenses, these trivial matters, should the rich personally take care of them?

Not to mention ordinary people's families, you try not to show the family expenses to your wife? Make sure you don't even get out of bed at night!

And women are careful, frugal, and like to calculate, which is just suitable for taking charge of family expenses, and is usually the most suitable candidate.

In the case of a generally bad environment, needless to say the rich, women in Europe and the United States who are used to shopping with credit cards will naturally live frugally.

They will walk a few more streets, try to find a cheaper market, go to a few more stores, buy cheap clothes as much as possible, and even cancel family dinners as much as possible. .

And these things happen to be the advantages of group buying.

In the previous group buying policy, most of them belonged to well-known and good restaurants, which were actually not very cheap.

So this time, starting from mid-August, after straightening out the company's relationship and context, she asked tens of thousands of tasters to go to restaurants, shopping malls, grocery stores in the city, and even directly find factories, etc. , to discuss the group purchase of various daily necessities for food, clothing and housing.

Tang Mingxiang asked these shops and factories to try their best to make cheap and high-quality group purchases, not so many fancy and so-called well-selected materials, solid and easy-to-use items, sufficient food portions and decent taste, that's enough.

The key is that the price must be lowered and lowered again, and the group purchases should be made at a gross profit rate of 3%-5%, so as to achieve small profits but quick turnover.

Although the profit of each group buying is very small, if the quantity increases, the profit will naturally increase.

As for factories, restaurants and other places, life is not easy at this time. If there is this opportunity of small profits but high sales, and can make small profits, and can maintain their own industries and survive this financial winter, it is really wishful.

It has to be said that Tang Mingxiang's strategy is very powerful.

When Xiao Qi heard it, he gave her a thumbs up.

Isn't that how group buying in Europe, America and China became popular in the previous life? (to be continued ~^~)