When John Paulson announced that he would join the short-selling army, Aribaba’s stock price fell immediately. A total of 12.1 million shares were short-sold, with the short-selling ratio as high as 5.1%. The stock price per share fell from 38.6 Hong Kong dollars for three consecutive days and continued to fall. to HKD 30.9.
If it hadn't been for the market break, it would have fallen below 30 Hong Kong dollars.
Even so, the market value has evaporated by nearly 3 billion US dollars!
Ahli Baba had to issue an announcement:
“Don’t try to short Ahri Papa, Ahri Papa’s story has just begun!”
But they avoid talking about fakes and their attitude is ambiguous.
Wei Zhe even said at the press conference that Taoduoduo does sell fakes, but today’s fake manufacturers make products with better quality and more affordable prices than the real ones.
What defeated these brands was not fakes, but a new business model, the same factory, the same raw materials, but they did not use their own brands.
However, no one bought it.
Especially when comparing the results of Feigou and Ali’s Double Eleven Shopping Festival, we are not afraid of not knowing the goods, but we are afraid of comparing goods. Feigou bullied Ali before it was launched, and Feigou intensified its bullying of Ali after it was launched, so what? Isn’t Ahli on the market for nothing?
The elders in Xiangjiang all hope that Lu Yun can vent his bad anger!
The result was good, Mr. Lu had all the tricks.
November 19th is undoubtedly Black Monday.
Along with the avalanche of PetroChina's A-share market, the stock price of Hong Kong stocks plummeted, and the entire Hong Kong Stock Exchange was flooded with disasters. Ali was not immune to the disaster, and finally couldn't withstand it and fell to HK$29.8 per share.
When Lu Yun was losing money, Lu Fei was already winning money.
"After deducting the 0.5% interest on stock borrowing, if we stop selling now, we will make a net profit of US$28.47 million, which is a small profit. John asked us if we want to continue pursuing the pursuit. He thinks there is a possibility of falling below 20 Hong Kong dollars, and Interest rates on stock borrowings are also falling."
On the phone, Xu Xin kept laughing.
"Forget it, Sister Xin, no matter how much you squeeze, you can't squeeze much oil out of Ah Li." Lu Fei heard a knock on the door and asked Tao Yao to come in and sit down, waiting for a while.
"Also, the risks of short selling are not equal to the benefits."
Xu Xin said: "Thankfully Ali is listed on the Hong Kong stock market. If it were on the US stock market, it would not be as simple as it is now. In addition to the hungry wolves on Wall Street, the stock market vultures will also be eyeing it."
"So Feigou will never be listed on the US stock market."
Lu Fei is very familiar with the vicious attacks that China Concept Stocks have suffered overtly and covertly.
Let’s talk about stock market vultures. They are a group of “robber law firms” in the United States that focus exclusively on listed companies. As soon as there is any infringement or violation of law, they will immediately initiate a class action lawsuit for consumers and investors. If they win, they will receive compensation. High commission.
It seems that an industrial chain has been formed.
"Smart move!"
Xu Xin ended the topic of shorting Ali and turned to subprime mortgages. Just yesterday, Bear Stearns announced the collapse of two of its hedge funds, exposing huge losses. Subsequently, Citigroup, Merrill Lynch, JPMorgan Chase, UBS, etc. were also Revealing finances is pretty unhealthy.
Vaguely, we have entered the stage of subprime mortgage explosion.
"It's not yet time."
Lu Fei calmly analyzed that the real trigger of the outbreak would be the bankruptcy or acquisition of Bear Stearns, which is equivalent to sending a signal to the outside world that even Wall Street giants cannot survive in subprime mortgages.
The foundation of the entire subprime mortgage building collapsed completely.
Incidentally, it will also detonate the P2P that has been buried for a long time.
"We may not see it this year. We have to wait until next year. Bear Stearns is still struggling and is fighting a long-short battle with us."
There was a trace of displeasure in Xu Xin's tone of voice.
The Wall Street bulls fought stubbornly and joined forces to support the market, allowing the ABX index to rebound. Bear Stearns was secretly countering, and Lehman even stepped in to acquire funds for problem assets to maintain normal ratings and prices for CDOs. Similar black-box operations, JPMorgan Chase, Merrill Lynch, Citigroup, etc. are all doing it just to--
Control the price of CDS and prevent it from rising again.
"What's your opinion John?"
Lu Fei curled his lips. Fortunately, he brought Goldman Sachs and a bunch of old money and new money into his camp. Otherwise, he might even have overturned the chessboard. After all, Yingjiang's morality cannot be overestimated.
"He has joined forces with hedge funds such as Greenlight and Quantum, which are also short sellers, to report market manipulation by Lehman and Bear Stearns to the Securities and Exchange Commission (SEC), and also filed a lawsuit in court."
"It's going to be a tug of war."
"Isn't that right? The cruelest thing about short selling is that if you press the direction of the tide, it may not make you as rich as the enemy. If this stalemate continues, we will make billions of dollars less."
"Sister Xin, I think it's time for my book "The Big Short" to be published. Can you ask the New York Times if it can be published in January?" Lu Fei touched his chin.
"Oh, I understand. I'll ask you right away."
Xu Xin immediately hung up the phone. Lu Fei took the receiver and scratched his face again and again, falling into thoughts again and again.
"Mr. Lu?"
Tao Yao waited for a long time and then spoke softly.
Lu Fei came back to his senses and listened to her report on this week's itinerary. Since Feigou.com has stepped up to the next level during Double Eleven, there have been countless inspections, interviews, meetings, and speeches.
However, it is worth the effort. The pilot program of "Home Appliances to the Rural Areas" was set in southern Henan, eastern Shandong, and Sichuan. Logic and Shenzhou were successfully included in the list of cooperative manufacturers and enjoyed tax incentives and other policies.
As for Lian Xiang, it was rare to lose.
Shenzhou is the only computer manufacturer that "brings home appliances to the countryside".
It seems that Lianxiang is falling out of favor...
"Mr. Lu, you have an award invitation the day after tomorrow."
Tao Yao reported: "It is the '2007 China's Best Business Leader Award' organized by Shanghai SMG Group. You are one of the nominees. Our Mr. Liu has also been nominated for the best CEO of the year in the public's mind. Listen to that I mean, I very much hope that you two can come to the event and you will most likely win an award."
Not possible, but certain!
Lu Fei smiled and said, "Have you asked who else is going?"
"There are your brothers, President Continental, Lu Huateng from Penguin, Zhu Yiming from Yangtze River Storage, Shi Zhengrong from Suntech Solar..."
Tao Yao counted them one by one, "Oh, there's also Ahli Papa's Lu Yun. It seems that he has also been shortlisted for an award."
"Um!!"
Lu Fei raised his eyebrows and booked a ticket immediately. I want a flying dragon to ride on my face.
………………
China's Best Business Leader Award was launched in 2005.
It is co-sponsored by China Business News, a subsidiary of Shanghai Municipal News and Media Group, and CNBC, a world-renowned financial media. The awards venue is at the Shanghai Science and Technology Museum.
In the traveling convoy, Liu Edong and Lu Huateng were riding in one car.
Lu Fei and Lu Yun were sitting in one car.
"Second brother, where are you going to celebrate the New Year this year?"
Lu Yun asked: "Domestic or foreign?"
"Maybe I'm going on a business trip to New York."
Lu Fei did not reunite with Zeng Li's mother and daughter out of pure selfishness. The key is that next year will be the most critical moment of the financial crisis.
Lu Yun stared at his younger brother's face, "It's okay, we can't leave orphans and widows in the United States. Your sister-in-law also mentioned to me whether this year would be special and the whole family would go abroad to celebrate the New Year."
"No, brother, I have already thought about it. I will take advantage of Zeng Li's sister's opportunity to go to the United States to study in the United States next spring and invite her mother to come as well, and then we will take the initiative to show off." Lu Fei clapped his hands.
"You've already thought about it, then you can figure it out yourself."
Lu Yun nodded, "But before I go there, I'd like to meet Yuanyuan and her family first, okay?"
"Okay."
The two brothers chatted for a while, and the car arrived at the destination.
The door was already crowded with media. Anyone who got out of the car was immediately surrounded and questioned by reporters.
When Zhou Hongyi was facing the camera and advertising his 360 Security Butler, a voice suddenly came out from the crowd, "Here comes Lu Fei." The media immediately swarmed over.
The number of reporters interviewing him visibly decreased, and in the end he was left alone on the red carpet, with no one paying attention.
"Lu Fei."
Zhou Hongyi gritted his teeth and looked over.
Lu Fei was surrounded. Even with the cover of bodyguards and security guards, he could not advance much. Reporters everywhere asked questions:
"Mr. Lu, what do you think of Ahri's counterfeit problem?"
"What do you think of Ali's fake products? Does Feigou have similar problems?"
"..."
"Mr. Lu, how much are your clothes worth?"
Looking at the reporter with the Sohu sign hanging around his neck, Lu Fei narrowed his eyes. This reporter was definitely here to cause trouble.
If you answer too high, it will inevitably be misunderstood as showing off your wealth.
If you answer too low, you will be questioned as hypocritical.
The corners of his mouth curled up slightly, and he pulled off his suit:
"I bought it on Feigou.com."
In an instant, a burst of laughter erupted from the crowd.
Mr. Lu is indeed the most eloquent. Not only did he answer humorously, he also ran a wave of advertisements for his Feigou.com.
Maybe it won't be long before "Yang Mi's same style" and "Liu Shishi's same style" will be followed by "Lu Fei's same style".
Even the richest man wears it, but sales haven’t even taken off yet!
Seeing that he couldn't get any advantage, a reporter from Sohu appeared and said aggressively: "Mr. Lu, regarding the issue of counterfeit goods in e-commerce, Mr. Lu from Ali Baba said that counterfeit goods have existed since the birth of human beings. , from the beginning of mankind to the demise of mankind, fakes will never be eliminated, because this is human nature, human nature wants to be greedy, human nature wants to take advantage...
It is impossible for e-commerce to be free of fake products. What do you think? "
"Ouch!"
As soon as these words came out, the whole audience listened attentively.
Because Luyun was so thief that the problem of counterfeit goods on the Ali Baba platform was raised to the entire Chinese e-commerce market, to the environment and system, and Feigou.com was also dragged into the water. We do sell fakes, but Feigou More are sold online.
Use the support of your peers to whiten yourself.
Liu Edong became angry instantly and smiled coldly:
"Does Feigou.com sell more? We will verify whether it is Ali Baba who said it. If it is true, we will definitely sue Ali Papa for maliciously spreading rumors and defamation. We will see you in court then."
"If not, then we will sue your company!"
The reporter was glared at and winced.
"Ahem."
Lu Fei cleared his throat, "E-commerce has indeed always had problems with counterfeit goods, infringement, etc., but counterfeiting occurs not only online, but also offline. It's just that these contradictions and problems are more focused on e-commerce. This is a chronic disease in society. But it doesn’t mean we should be indifferent to stubborn problems. Over the years, Feigou.com has been cracking down on counterfeit goods just like it is cracking down on drunk driving, resolutely and without mercy.”
The more he spoke, the more excited he became.
Counterfeit products must be suppressed at any time, no matter how hard they are!
Think about it, you spent a lot of money, came up with ideas, established a brand and still made money, but suddenly you turned out to be a counterfeiter!
Therefore, a day without fakes is a good day!
"As long as Feigou.com is willing to make money, it can completely turn a blind eye and allow merchants selling parallel imports and fake goods to enter Feigou.com in large numbers, but we will never, never be like Tao..."
"Some of our friends also protect businesses from operating without licenses, selling fake goods, and even selling fake goods as genuine goods to deceive consumers. We are more willing to help those merchants without brands to grow bigger and stronger bit by bit. Create your own brand.”
"I won't name who this friendly businessman is."
Lu Fei smiled and said, "I advise him to take care of himself."
"Whoa whoa whoa~"
The whole audience burst into thunderous applause.
The group of them walked into the hall of the Science and Technology Museum under the dazzling flash lights. Liu Edong immediately darkened his face and said angrily:
"Mr. Lu, the reporter's press card just now said Yahoo. It's definitely Lu Yun who wants to use public opinion to drag us down."
"Where are Lu Yun and others?"
Lu Fei's eyes sparkled.
But unexpectedly, among the more than 300 business celebrities present, there was no trace of Lu Yun, not even a high-level figure like Ali Baba.
When I asked, I found out that Ah Li Daba was absent!
"Bah, you have the guts to slander, but you don't have the guts to come here. I, Liu Edong, a good man, was nominated with someone like Lu Yun."
There was contempt and shame in Liu Edong's words.
"Forget it, don't be angry. The worst thing is that when you meet him later, let him sit at the children's table for dinner."
Lu Fei patted his shoulder.
Lu Yun didn't come, and neither did Leader Sha, but unexpectedly, the second-in-command Zheng Han came to the scene and sat at the same table as Lu Fei and the others, and the position was right next to him.
"He went to Yanjing."
Zheng Han wore glasses, was polite and polite, and always had a smile on his face: "Please tell me that I will personally give you the award."
"My pleasure, Leader Zheng!"
Lu Fei shook hands with him and realized that Leader Sha had come up and he would have to rely on this person in front of him in the Shanghai market from now on.
Fortunately, the friendship is not bad either.
After a while, the award ceremony officially opened.
At the grand ceremony, the stars were shining brightly,
Candidates, judges, and award-giving guests gathered at the table.
There are 6 awards in total. In addition to the most important "China's Best Business Leader Award", there are also the Annual Corporate Citizen Award, the Annual Best Talent Management Award, the Annual Innovative Person Award, and two awards voted by the public - —
"The Best CEO of the Year Award selected by CEOs".
"The CEO of the Year Award in the Public's Mind".
One after another, they were awarded to Lu Huateng and Liu Gaodong respectively.
Zhu Yiming, on behalf of Yangtze River Storage, won the "Innovator of the Year Award". After all, the gold content of 3D flash memory technology is not an exaggeration to deserve the first prize of the National Science and Technology Progress Award.
Products with backdoors like Micron say "No, qnmd!"
Although the award was fair and just, the whole hall was still in an uproar.
The final grand prize was even more unexpected and reasonable, falling on Mr. Lu's head without any suspense.
The host on the stage spoke the award speech enthusiastically:
"He is an entrepreneur, manager and pioneer at the same time. He has flourished in IT, IC, finance and other fields. His ideas, actions and contributions have surpassed many Chinese entrepreneurs of his generation. , using China’s technology and products to go global is a business card representing Chinese entrepreneurs and an example for all Chinese entrepreneurs to learn from!”
"Hiss~"
Including Zhou Hongyi, everyone present couldn't help but take a breath, and were shocked by the award speech full of appreciation.
Not all entrepreneurs can make this comment.
Thinking about the fact that four of the six prizes were won by Mr. Lu's direct descendants, the people all smelled something intriguing.
There is no doubt that this is a trend.
After Liu Chuanzhi, another business godfather appeared.
The key is, he is only 25 years old!
Seeing Lu Fei take the trophy from Zheng Han, Lu Yun clapped so hard that his palms were numb. A sense of pride that was beyond honor came to his heart. He looked left and right, as if to say——
Did you see it? This is my second brother!
My second brother is invincible in the world!
Thanks to Yuntang and Zhuiguang Life for the generous 100 starting coins.
(End of chapter)
