Chapter 1138: Surging Danger

The giant glass-steel-shaped sailboat logo in front of Dingda Building has become a distinctive feature of the building. This is not only the location of the North Company, but also the headquarters of the world's No. 1 Chinese portal website. The corporate logo of Quantum Online directly uses blue The icon in the shape of a colored sail symbolizes sailing.

The news department produced a news feature titled "Internet stock market crash, crisis is coming" overnight, such as Xiao Ma Xiangdong, Liang Wenjiang and other senior executives of Quantum Online looked solemn and couldn't relax. They were teenage wunderkinds and started websites when they were young. With the support of Kumho, the website has been gradually developed into Quantum Online, the world's first Chinese portal. And successfully listed on NASDAQ. At the peak of their careers, the total market value of the company's stocks held by the entire management was as high as 600 million U.S. dollars, which became a sensational wealth myth. Novel chapters are updated the fastest

They have gone through the hardships and persistence of starting a business, enjoyed the joy of success and failures, and have not experienced the hardships of setbacks. Quantum Online dropped its market value in two days. Somewhat unprepared. Some hesitation about the future.

"It's so fast, I don't know if we can stop the decline tonight..." Ma Xiangdong patted Liang Wenjiang on the shoulder.

"The company's operations are as usual. In two nights, eight billionaires have shrunk. I really didn't expect it before." Liang Wenjiang said. "Fiction" novel chapters are updated the fastest

"We didn't expect to get so much before!" Ma Xianglong laughed.

"Remember when I mentioned my life plan when I was showing a movie in the school auditorium? At that time, I only planned to get my first pot of gold before I was thirty. Becoming a millionaire is very satisfying."

Even if the market value shrinks. The total market value of the company's management shares still exceeds $400 million.

For those who were brats a few years ago. It is simply a wealth that one dare not expect.

Instead of worrying about the shrinking of personal wealth, it is better to worry about the imminent Internet stock market crash and how Quantum Online will deal with it.

"The video conference is connected!" the administrative secretary said. Ma walks in and tells them the video conference is ready. Ma Xiangdong and Liang Wendong walked into the meeting room, and all the senior executives of Quantum Online in Beijing were sitting in the meeting room. Everyone is very familiar with each other. To start a business together, there is no division between each other.

Meetings are never dull. Even in this situation, everyone is whispering and chatting. joke with each other. It is still difficult to hide my inner worries: if the collapse of the Nasdaq index cannot be stopped, it will cause a rare stock market disaster. What are they going to do?

The picture on the wide-screen plasma display hanging on the wall of the meeting room is a slightly messy study room, and there is no one in the study room. The study is lined with bookshelves filled with fine china against the wall.

In front of the bookshelf is a red maple desk. Notes, mobile phones, ceramic pen holders filled with various pens and a wallet are placed on the desktop. Apart from a few cards with gold or black edges exposed, it can be seen from the display that there is only a ten-yuan bill in the wallet and a copy of The Golden Pavilion by Yukio Mishima.

"If Zhang Ke and I were left alone in a remote town without a cash machine, maybe I would be richer than him." Ma Xiangdong pulled a chair and joked with Liang Wenjiang, waiting for Zhang Ke to appear on the screen. Today's meeting is to discuss the current crisis that Quantum Online is facing and the strategies to be chosen to deal with it. Zhao Zhanglin, president of Oak Country Venture Capital Fund, did not participate, but Zhang Ke personally participated. After all, it is not a formal board meeting. Nor did it notify other shareholders to participate on behalf of Jiang.

"It turns out that he can also read Yukio Mishima's novels, isn't he a little xenophobia?"

Yuan Pu, the chief financial officer, has never had the opportunity to meet Zhang Yan. However, as a senior manager of Quantum Online, many things are clear. The person who built the Kumho Economic Empire with one hand is full of mystery in front of her eyes. She did not expect that there would be a Japanese book randomly placed on his case.

The picture shook, and a giant hand appeared on the screen. Then there is a straight nose bridge, when the nose bridge takes up one-third of the 46-inch wide screen. No matter how straight the bridge of the nose is, it is very limited.

Everyone in the meeting room was startled, watching the face occupying the monitor gradually move away from the camera. The whole thing is displayed on the screen before getting used to it.

"Everyone hasn't slept in the past two days, okay? Everyone is listless?" Zhang Ke sat down behind his desk honestly and talked to the camera, and the picture and sound were clearly transmitted to the display here. screen. But Zhang Ke still held a mobile phone in his hand.

Ma Xiangdong exchanged glances with Liang Wenjiang. They knew that Zhang Bang had a spare cell phone. However, the backup mobile phone is always in the hands of the assistant. He has only one mobile phone in his hand. If it is his in his hand, what about the mobile phone on the desk? No wonder the phone was an eyesore. It turned out to be too delicate.

Ma Xiangdong said jokingly: "Young Master Ke didn't sleep well either?"

At this time, a slender and green finger appeared on the screen. That finger pointed to the phone on the table. Zhang Ke picked up the mobile phone on the table and handed out the picture, which really made people wonder: Who is the owner of the finger? Seeing the whole leopard at a glance, seeing this green jade finger, I subconsciously thought that the owner of the finger should be a stunning beauty.

Obviously, it is impossible for ordinary female staff to put their mobile phones on Zhang Ke's desk casually.

"You cousin. In your next life, let's chase after you." Wang Cailing leaned over and whispered to Liang Wenjiang. "I remember that Tang Qing has always been in Hong Kong, and his two little secretaries have also been interns at the headquarters." Liang Wenjiang smiled helplessly. He Xiaoxu also often complained that the girls around Zhang Ke are too beautiful, which may not be a good thing and so on. He can't gossip about who the woman outside the camera is.

Zhang Ke's eyes looked at the camera again. He seemed to be aware that the female finger that suddenly appeared on the screen just now would cause some discussion, so he went straight to the topic: "The situation is not very optimistic. The sharp drop in the past two days is probably just the beginning. You have to be prepared for this, the stock price of Quantum Online is likely to fall to the line of ten dollars per share for a period of time in the future.”

Zhang Ke's words surprised everyone present. It was listed on Nasdaq a year ago at an opening price of close to US$10 per share. Driven by the wave of the new economy and the frenzy of bilateral agreements between China and the United States, it has risen nearly five times. Back to the original shape, let everyone here if you're a little cool? No one has the mind to pay attention to Zhang Ke's romantic affairs. Ma Xiangdong Junwan: "Is the crisis really that serious?"

"We can communicate thousands of miles away without barriers. It's all thanks to the development of telecommunications technology and large-scale telecommunications investment. It's just that there are very few communication needs at this level. It highlights the excessive investment," Zhang Ke said. "The vast majority of Internet companies are now developed in the mode of capital operation, and most of the operating capital is provided by venture capitalists. All of us who understand the nature of venture capital know it. How can it be suppressed in this process? What about the generation of the bubble? Well-designed lies, gorgeous and bright packaging, repeated again and again, blowing the bubble to an incomparably huge size, venture capitalists desperately promote the number of clicks on the website or the degree of attention they attract, so Investors ignore that what they really should care about is the feasible business model and future profitability. Once there is a turning point, these venture capitalists will slip faster than rabbits. The situation must be contained unless these venture capitalists and those speculators are not allowed Stand your ground."

"Is there not?" Liang Wenjiang couldn't help interjecting.

"The crisis is only at the level of the capital market. The excessive hype of the concept has brewed a huge bubble, but the actual application demand has continued to increase over the years and will continue to increase. After all, we are still on the right path. It's just that It’s a bit of a struggle. The turning point will come back sooner or later, maybe two years or three to five years. The capital market is extremely dangerous, and it will not just slip. Overly detailed forecasts are not a task that economic analysis agencies can complete. Ma Xiangdong put his hand on his lips This is his usual action when thinking. Zhang Ke’s prediction is specific enough. Quantum Online is still far from being able to achieve profitability. The capital market is in crisis, and the door to refinancing will be closed. Quantum Online We can only rely on existing funds to support until the moment of profitability or wait for a turnaround.

Ma Xiangdong put down his hands. smiled. Said: "It's time to tighten your belt now"

In Kumho's. After Quantum Online was successfully listed on NASDAQ. Still haven't turned to the direction of radical investment. The largest investment is the injection of funds into the e-commerce website Zhuoyu. It's only two to three million US dollars, and the financial situation at this time is still quite ample. Although the advertising business income cannot fully cover the expenditure, it is also growing steadily. The key is to tighten the mouth at this time and prepare for a protracted war.

Liang Wenjiang asked again: "When can I choose to increase my holdings?"

"It's too early to discuss this at this time." Zhang Ke said. "What I can say clearly here is that the venture capital fund's shareholding lock-up period for Quantum Online will be extended for another two years. I will send you a fax. Announce this news in due course. It can restore the momentum a little bit. As for When to increase holdings, let’s wait and see the exhibition.”

Compared with institutional investors, management is more constrained in reducing holdings. People like Ma Xiangdong and Liang Wenjiang can only reduce a very small percentage of stocks each year. The reduction quota was used up long before the crisis broke out. Want to reduce all holdings. Then he can only resign from all positions at Quantum Online, and wait for six months to pass. You can reduce all holdings without restriction-this is obviously not a feasible solution. They can only sit back and watch their personal wealth shrink severely with the deep drop in stock prices. Due to the reduction of a certain percentage of individual holdings at a high level, Ma Xiangdong, Liang Wendong and other high-level individuals are still quite affluent, with a total of almost 40 million US dollars. Compared with other investment fields, they are more focused on their own business development. Moderately choose holdings. It can also enhance management's control over the company. However, it is also necessary to choose the time to increase holdings.

Oak Park Venture Capital Fund is only an institutional investor for Quantum Online, and it can immediately reduce its holdings with a single announcement. The only restriction is that reverse operations are prohibited within six simultaneous periods. Because e-girl is associated with Oak Park Venture Capital Fund. Since the stocks in Quantum Online were completely emptied at the beginning of April, the Oak Park Venture Capital Fund had to wait until the beginning of October to increase its holdings.

Oak Park Venture Capital Fund gave up reducing its holdings. Although there will be some economic losses. But to ensure the relative control of Quantum Online, the stability of Quantum Online's management team, and the ability to guide Quantum Online in the correct development direction. It is necessary to do so.

Shanghai Securities News and other major domestic financial media reported on the Internet stock market crash that occurred outside the country. Internet concept stocks in the Shanghai and Shenzhen stock markets were in mourning.

"Financial New Weekly" published a report. Directly pointed out that Fanglu, China's No. 1 e-commerce website company that has been piling up a lot of funds, is the largest Internet bubble in China, and Haisu Technology has a stake in attracting talents. The market value has been fired to 167 billion, which is a bubble among bubbles.

"Financial New Weekly" publishes four lines a week. After checking by phone, the report had been finalized a week ago. Give Haisu Technology a sap just in time for the stock market crash. It's just their bad luck.

since the beginning of the year. There is a lot of debate about bubbles! It's just that the stock market has been soaring. Those voices who claim that there is a bubble in the Internet have never been loud and have little influence, but such a report at this time. After passing through many portals, the influence suddenly became larger.

As soon as the Shanghai stock market opened, Haisu Technology poured out a large number of selling orders, and the stock price hit the limit within a few minutes. There was a backlog of a large number of selling orders. Out of scale.

"It won't be a big problem!" Hu Jinxing sat on the semi-curved light brown swivel chair and turned around restlessly. His eyes seemed to be staring at the LCD screen. He and Chen Yong were looking at stocks in the manager's office of Chuangyu Internet Cafe, although he said it lightly. But the huge selling order still weighed on his heart, and he felt a little out of breath. It was fine yesterday. They raised 30 million yuan from Yunlin Securities to invest in Haisu Technology. Yesterday, the cumulative profit was more than 2 million yuan, and I vomited it within a few minutes of opening today. I also lost several tens of thousands. Even knowing that Horizon and Jingdian have been planning for nearly a year to make big moves in Haisu Technology. Never giving up easily, Hu Jinxing always has some worries in his heart.

Don't you ask Wang Haisu out for dinner? "Chen Yong was even more uneasy. Mu Zhigong had a closer relationship with that side. He got in touch with Hu Jinxing because he was hanging around all day long. He didn't expect Haisu Technology It rose thirty times in a row in a month, but when they were determined to make a fortune, the global new economic stock market crashed. Although it was still too early to say that it was a stock market crash at this time, the aggressive media reports were shocking.

"There's nothing to worry about. I'll see if he has time to come out for dinner." Hu Jinxing picked up his cell phone and tried to call Wang Haisu.

Wang Haisu ** was almost glued to the chair, unable to leave the headquarters building of Haisu Technology at all.

The total market value of Haisu Technology was once close to 17 billion. Among them, the stocks near the water are legal person shares and private placements with restricted listing and circulation, and the market value of unrestricted listed and circulated stocks is 5 billion. The circulating market value of Haisu Technology stocks held by a large number of related accounts held by Horizon Investment is almost one billion. In other words, there are still 4 billion shares in circulation with a market value scattered in the hands of other investment institutions and retail investors. The external situation is fierce, and funds cannot be used rashly to prop up the market. Always let the stress out first, but you just didn't expect it to be this intense. After the market opened in the morning, the price limit quickly accumulated a backlog of selling orders with a market value of more than 600 million. By three o'clock in the afternoon, the market value of selling orders had accumulated to one billion.

Even though it was predicted that there would be a lot of pressure before, it was not expected that the selling pressure would be so huge.

Three o'clock in the afternoon. The stock market ceased trading. Yan Wen, Lin Xue, Wang Haisu, Liu Qijun, Zhang Wenxin, and several managers from the investment department held a strategic response meeting in the meeting.

"In half an hour, the main European securities markets will start trading. After the main European securities markets close, it will be the turn of the North American securities markets to open. If there is no news of reversal in Europe and the United States tonight, tomorrow's selling will be even more turbulent." Liu Qijun analyzed , He has not closed his eyes for forty hours in a row, his eyes are bloodshot, and his voice is a little hoarse, "The funds we can use now are only 500 million, without the cooperation of the media and public opinion. I am afraid that it will be difficult to resolve the selling pressure Lose"

"Still standing still tomorrow?" Wang Haisu asked.

Lin Xue curled her lips in disgust, she could understand the truth, but Wang Haisu wanted to ask more questions, if the 500 million funds on hand were exhausted. In the future, I will fall into complete passiveness. Now several major financial media are reporting the stock market crash. Even if we want to create a favorable atmosphere of public opinion, it is impossible to be stubborn. If the sell-off is too fierce tomorrow, we can only let it go.

"Tomorrow is the May Day holiday, and the Shanghai and Shenzhen stock markets will be closed for a total of nine days. The European and American stock markets should breathe a sigh of relief no matter how turbulent the European and American stock markets are," Liu Qijun analyzed, ignoring Wang Haisu's question. "We should also make good use of these nine days"

"Well, I'll leave this to you. I'll go to Beijing at night." Yan Wenjie decided, "Even if we can't turn the tide of media opinion, we will muddy the water. Economists who have the ability to muddy the water mostly gather In Beijing. I have to hurry up and visit a few people. Of course. I don't want to see the situation continue to deteriorate, and it is by no means just our family.

Galaxy Securities here. It's about to be entrusted to Mr. Lin... "It's only been more than 20 days, and I just keep an eye on them every day." Lin Xue said.

Liu Qijun said to Yan Wenjie again: "Should I make more preparations in terms of funds?"

When Wang Haisu heard what Liu Qijun said, he also turned to look at Yan Wenjie's face. Seeing him rubbing his nose and thinking, he knew that he had no intention of getting better. Not to mention anything annoying.

Wang Haisu until the end of the meeting. Only then did I notice that several missed calls were from Hu Jinxing, waiting for Yan Wen and Lin Xue to leave the headquarters building. He just returned to the office to call Hu Jinxing back. Looking through the floor-to-ceiling windows, Yan Wen and Lin Xue's cars drove into the software industrial park. He just went downstairs and drove to Xuefu Lane to find Hu Jinxing.

After all, Wang Haisu is the president of Haisu Technology in name, so he can't go to Chuangyu Internet Cafe for nothing. Meet Hu Jinxing and Chen Yong in the coffee shop opposite Neixianghou. They sit on the second floor.

Through the glass window, you can see Chen on the opposite side of the alley. They hide in the shadows that the setting sun can't shine, but the doorway thrown by them is golden and red in the setting sun.

"What will happen tomorrow? If there is another down limit, you will lose everything you lent us." Chen Yong said anxiously, "We can only go to the Jumping Association to pay you. "

Hu Jinxing calmed down a bit. To put it bluntly, he joined forces with Chen Yong to speculate in Haisu Technology's stocks outside to make some extra money. Even if there were some losses, he could bear them.

When Haisu Technology was first established to build a software industrial park, his uncle Hu Zongqing took a considerable proportion of shares in Haisu Technology in his name. Haipiao Technology backdoor listing. To avoid exposure. All the shares under his name were transferred to Hongxin Investment. In addition to the huge amount of funds in foreign exchange overseas accounts. Yan Wenjie also let him directly work in Haisu Technology. Promise to distribute his personal shares in the name of equity incentives.

Even if there are hundreds of millions of wealth available in the future. However, money is tight right now, so Hu Jinxing recruited Chen Yong to speculate in Haisu Technology's stocks outside to make some extra money. On the one hand, it was also because they didn't expect Haisu Technology to hype Hongxin so hot, and felt that the previous distribution was a bit of a disadvantage, so they wanted to get some compensation outside. Even if there is a loss now, it is just a little heartache. He doesn't think losing millions is a loss now.

Chen Yong pinned all his family's hopes of getting rich on this, and felt anxious. If there was another limit down tomorrow, they would not be able to cut off their wrists even if they wanted to be a strong man.

Tomorrow's operating tone has been set. Unless there is a reversal in European and American stock markets. Otherwise, they would still choose to continue releasing the pressure tomorrow, and Wang Haisu didn't know how to comfort Chen Yong. If it wasn't for the fact that Chen Yong's old man was still useful, he didn't bother to comfort him, saying: "The European market is about to start trading. Maybe there will be some good news Passed on. Nasdaq has fallen sharply for two consecutive days, and it should take a break; even if the situation tomorrow is not optimistic, and the domestic May 1st Labor Day will be closed for nine days, the situation will ease after nine days, " the mobile phone Didi It rang a few times, and a text message came in. It was a text message notification from the investment department. The major European stock markets started trading, and the new technology and economic sectors were gloomy. There is a tendency to fall into a vicious circle. The decline was even more violent than yesterday.

Wang Haisu stayed with Chen Yong and Hu Jinxing for a brief time in Xuefu Lane, and then went back to the Haisu Technology Headquarters Building to guard the place. North American stock market at night. From giving hope. The Nasdaq index showed no signs of recovery, and fell to rose again in the early hours of the morning.

Internet stocks have once again become the hardest-hit area, and there are many Internet stocks that have fallen more than Anhui.

Both the management of Quantum Online and the Oakland Venture Capital Fund announced that they will not reduce their holdings, which only makes it look better compared to other Internet stocks. After all, Goldman Sachs, Walden and other venture capital funds that jointly invested in Quantum Online At this time, we have to run for our lives. Everyone envies ex that in the past four, he resolutely emptied Xu Wan's shares in Kunteng Online, otherwise they will follow the road and run for their lives together this time. The stock price of Kunteng Online will fall even worse.

In three days, the Nasdaq, an indicator of the global new technology economy, fell to nothing. The wealth of more than 500 billion U.S. dollars evaporated in three days, which was as shocking as the Asian financial turmoil in 1997. The direct inducement of the Asian financial turmoil has been brewing for nearly half a year. The Nasdaq index collapsed almost overnight. The superficial incentive turned out to be federal judge Thomas Jackson's public remarks to the media that caused Microsoft's stock price to turn from bullish to bearish.

The major securities markets in the Asia-Pacific region, including Internet concept stocks in the domestic Shanghai and Shenzhen stock markets, continued to suffer heavy losses. Haisu Technology had placed a sell order with a market value of more than one billion yuan at the limit board.

"'"'"""'"'"'"'"'", ",",".".",,'""'Chen Yong wanted to cry but had no tears. From a profit of two million to a loss of four million, it was only two day time.

In the past eleven times at the same time. He used the inside information to speculate on the stocks of Haisu Technology, and the profit was not even one million, and he squandered almost all of it. This time I want to play a big game, even the deposit is borrowed. Because of his hype of Haisu Technology, he kept getting in the way. The principal doubled dozens of times.

Promising a high interest rate, and using the name of his father to deceive others, naturally many people dared to lend him the coffin book. It is also very convenient to raise money from Yunlin Securities with a margin. In the end, when the scale reached 30 million, they wanted to make enough 10 million and Hu Jinxing would add 50% to 10%. How could they think that the crisis would come as soon as it was said, and there would be no discussion at all.

The only thing that comforts him is that one billion selling orders are under pressure. Even if Yunlin Securities wanted to close their positions for them, it was impossible. As long as they raised a margin, they would have a chance to make money, and Horizon Investment would definitely take action. Chen Yong even wanted Hu Jinxing to ask Hu Zongqing, deputy secretary of the Municipal Party Committee, to intervene. Let Yunlin Securities not dare to forcibly close their positions. If they were to forcibly close their positions, they would have no chance to make money.

Such a large deposit, in addition to the tens of thousands that Wang Haisu lent them. Everything else was borrowed from him. At this time, Chen Yong was a little worried that Hu Jinxing would deny it, so he sat in the manager's office for a long time. I didn't see Hu Jinxing showing his face, so I don't know where he went.

The phone rang. It's an unfamiliar number. Chen Yong answered the phone:

"Chen Yong, you said that Haisu Technology would definitely go up sharply, why did it hit the limit twice in a row?

I know there is no rush for this matter, just talk. Also, Uncle Wang, my money is a little tight recently. Can you return the 50,000 yuan I lent you earlier, and I don't want the interest. "

"There are two stops, Uncle Wang, are you afraid? Don't wash out you unstable elements. Wait until the sharp rise. You will become dragging resistance. I can't say something too clearly x one money .I invested in everything, Uncle Wang, even if you don’t want interest. I can’t change the money to pay you back now. Believe me or not, you won’t see the result until Labor Day. What I can tell you now is that tonight There will be important people standing up to support Internet stocks!" Chen Yong hangs up the phone copiously. Seeing that the red line on the trend chart continued to pull a straight line at the limit, he picked up the teacup in his hand and smashed it on the computer screen angrily.

Hu Jinxing just opened the door and walked in, he was startled: "What are you doing?"

"It's nothing, it looks boring! It's been a long time. Where have you been?" Chen Yong asked angrily.

"What are you guilty of? What do you think I did? I was called to my uncle's office for a long time. At Yunlin Securities, my uncle greeted us and let us relax on the basis of the security deposit already paid. times, as long as Haisu Technology doesn't hit two lower limits, we won't forcefully liquidate the position." Hu Jinxing looked at Chen Yong coldly, annoyed that Chen Yong had a temper with him. Said coldly. "Wang Haisu just got the news that Wu Xiaobo, deputy director of the Financial and Economic Committee of the National People's Congress, will speak up tonight to support the domestic Internet industry. What do you think I am doing?"

%..." Chen Yong was also young and energetic. Dao Qian couldn't get rid of his face easily, mumbled a few words, and said: "I am also sitting here very anxious. Now that there is good news, I will calm down a little bit."

"That's all you have to do. Horizon and Jingdian don't have to worry about the hundreds of millions of transactions behind them, you are the only one who can't hold back here!" Hu Jinxing said with a suppressed voice. It's hard to get it right in my heart'"'""'"'"'""'"',"'",",",",'On the eve of Labor Day, Wu Xiaobo, deputy director of the Financial and Economic Committee of the National People's Congress, gave birth to a nation Internet economic awareness, catalyzing the upgrading of traditional industries through the Internet, urging the information industry to synchronize with the world, and promoting the entrepreneurial culture of the whole people—On the Positive Effects of the Internet Bubble" as the title, denying the fact that the bubble has caused the domestic Internet to expand too fast and be on the verge of crisis.

Quantum Online announced the financial tightening strategy on the page that night, announcing that it will implement a number of measures including reducing the salary of the management, abandoning the new recruitment plan, planning to reduce the core proportion of employees, and reducing administrative expenses, etc. to reduce the operating cost of the website . A clearer banner declared the advent of the Internet bubble crisis.

Quantum Online, as the No. 1 portal website in Chinese, is also the first Chinese Internet company listed on NASDAQ in China, and it can almost be said to be the vane of domestic Internet companies. Quantum Online's financial shrinkage measures attracted the attention of the media and the public, and quickly covered up Wu Xiaobo's influence. (To be continued