Chapter 391 LeEco's stock price crashes

In the early morning, a few yellow leaves fell from the green belts beside the street, setting off the autumn atmosphere of the capital.

The young man had messy hair and a computer bag on his thin shoulders. He pinched the legs of his glasses with his fingertips and rubbed his eye sockets with heavy dark circles with his palms.

He wiped away the eye boogers, yawned, and put his glasses back on.

Last night, I worked overtime due to a product bug and only slept for five hours. I won’t go to the cafeteria to queue up for lunch. I’ll order a takeout in advance so that I can sleep ten more minutes during my lunch break.

The young man thought about it, untied the plastic bag in his hand, stuffed the buns and soy milk into his mouth, and kept walking forward following the long line of people.

In fact, it is cheaper to buy a few more buns and eat them at noon than to order takeout, but this is Beijing, a city where you have to queue up on the street outside the subway station to squeeze into the subway during rush hour.

Tiantongyuan is a matter of life and death, and Xi'erqi is the decisive battle. The former is the largest residential area in Asia, and the latter is where major Internet companies such as Baidu gather.

The jokes about these two subway stations sound like the iron-blooded spirit of the turning point of World War II, with hundreds of thousands of people launching army charges every day.

The soy milk buns will be squeezed into a polymer of dough, stuffing and water in the backpack, commonly known as - a pile of feces.

"belch."

The young man swallowed the last bite of his bun, felt sleepy, and put his hands into his coat pockets, tightening them.

The weather in Beijing comes into autumn earlier than in my hometown, and it is colder and drier.

He has been here for five years but still feels a little uncomfortable. He wanted to escape several times, but finally stayed.

Perhaps it's because the word 'escape' is too bad. If it were a return home in glory, his body would head south as fast as possible to find the soul that stayed in his hometown.

[My mom sent me mooncakes. Come over to my place tonight.] My phone vibrated to show a message from my girlfriend.

The young man tapped the screen of his mobile phone and deleted and revised for a long time, and replied: [The agent said that the price of that house can be bargained for. Let's go and take a look tomorrow when we have a holiday. If it's okay, we'll sign the contract. ]

【it is good! 】

The girlfriend replied with one word in seconds, and the young man felt helpless but relieved.

He and his girlfriend both work in a large Internet company near Zhongguancun. Their companies are two or three kilometers apart, but they are like a long-distance couple and only see each other a few times a month.

One is a single room that can only accommodate a single bed and has a modified bathroom layout; the other is a room shared with a college roommate, which is not convenient for men to enter.

The Internet industry is getting better and better. Normally, their salary should be enough to rent a one-bedroom apartment, but they have to live so frugally in order to buy a house to stay in Beijing in the future.

Until the beginning of the year, my girlfriend, who was full of hope, broke down. It was really tiring to think about the future. She just wanted to be with him in the present and rent a house together.

At that time, he used all his money to buy the company's stock, which increased fivefold in half a year. He barely persuaded his girlfriend to insist on buying a house directly.

In the summer, the company boss cashed out billions when the stock price was high, and then the stock market crash hit suddenly.

The company's stock price has fallen a lot in the past few months, and his stock returns have retreated. His girlfriend asked him to sell all his shares and take out the money. Together with the money they have saved, his girlfriend's family is willing to sponsor him some money.

By pooling together their money for a down payment on a small apartment, the two of them can have a home in Beijing!

The young man was naturally very willing to do so, but no matter how outsiders slandered him, he firmly believed that the boss of his company, Mr. Jia, was a man with ideals.

Mobile phones, new energy vehicles, sports and culture, the company has entered into various businesses this year and the development will definitely get better and better.

If he holds on to the stocks until next year, he can give his girlfriend a big house without any help from her parents!

Because of their different ideas, the two have been in a cold war recently.

The day after tomorrow is the Mid-Autumn Festival again... Forget it, it doesn’t matter if the house is smaller, as long as we can be reunited.

The young man was in mixed emotions as he squeezed into the long, slow-moving queue and finally made it into the subway station entrance.

【LeTV: 35.8 yuan, up 2.5%. 】

He opened the stock trading software on his phone and checked the K-line chart of yesterday's closing trend, and couldn't help but feel a pang of pain in his teeth.

When I bought it at the end of last year, the stock price was around 30 yuan. In May of this year, the stock price rose to 179 yuan. When the stock market crashed in June, I was scared and sold half of my holdings to realize profits.

Now it has fallen all the way to 35 yuan and there is still profit, and there is already a rebound trend. I missed a big wave of market and didn’t sell it. I really don’t want to sell it now.

The ups and downs of the market are disgusting. There is no stock market like this in the world. It either goes up to the sky or falls through the floor, completely disregarding the business fundamentals of the companies.

"Clear the inventory next week...or we'll see what happens when we get back in October?"

The young man was full of complaints and hesitancy. He swiped the screen of his mobile phone to open Weibo and check the trending news to see if there was any news that could boost confidence in the stock market.

In July, the media was hyping up the end of the stock market crash, especially the rich second-generation man Xie Jingxing, who was almost becoming a savior hero.

As a result, the stock market continued to fall in August, and in September, someone came up with the idea of ​​introducing a circuit breaker mechanism, and thousands of stocks hit the daily limit again.

Like a soft knife cutting flesh, the market index fell below 3,000 points.

There is still no explanation until now. The national team has launched another wave of rescue operations. Isn’t Xie Jingxing optimistic about the stock market...

"Xie Jingxing?"

The young man suddenly frowned and opened a hot search term to check.

Jia Yueting claimed that his continuous cashing out of tens of billions of yuan was different from others and was an unprecedented innovation in the world. This was because he wanted to sell tens of billions of his own stocks and lend them to LeTV for a long term of five years without interest.

So, is Mr. Jia willing to disclose the financial information of the money you lent to LeTV to enhance investor confidence? If you really lent LeTV 10 billion yuan "interest-free for a long time", I will use my personality and the goodwill of Grapefruit Capital to publicly promise to provide LeTV with a 10 billion yuan interest-free loan for five years.

Therefore, I seriously suspect that LeTV has committed financial fraud, its capital chain is about to break, and the founder wants to cash out and run away. If Mr. Liu is interested in further cracking down on LeTV, I am willing to provide all support. 】

The yellow V certification of Xie Jingxing’s Weibo account real-name authentication above the long article is particularly eye-catching, and below the long article are two screenshots with the official seals of Xiyou Capital and Taihe Capital respectively.

The content is an official corporate letter, reminding all invested projects and partners that LeTV.com faces serious operating risks and asks all units to carefully review their business dealings with it.

"My grass!"

The young man opened his mouth stupidly and was about to click on the comment section on Weibo when his whole body was pushed into the subway car like cement, solidifying and unable to move.

He subconsciously grabbed the phone that was about to fly out, the legs of his glasses were bent and hung on his nose, his face was red, veins appeared on his forehead, and his mouth was wide open and difficult to close.

【Maggots, thank you maggots! 】

[As expected, you and Xiao Wang have similar tastes. He bites the entertainment industry like a mad dog. Have you been assimilated and are now biting entrepreneurs? ]

[Where the maggot goes, it wriggles like a blood-sucking worm, and it won't be done until it has sucked the blood out of a company from the inside.]

[Young Marshal Dayi had long felt that something was wrong with LeEco and was very disappointed with Jia Yueting, so he sold all his LeEco shares as soon as the market opened! ]

[I have always supported you, but it is really bad that you have randomly criticized Boss Jia this time. You are the best investor in China. Even if you don’t have a mutual understanding with Jia Yueting, you should not suppress such an excellent entrepreneur.]

The young man endured the suffocating subway and rushed into the company. He threw down his computer bag and opened his phone to see the comments on Xie Jingxing's Weibo. And the corresponding entry was listed at the top of the hot search list, the dark red word "explosion".

"Xinzi, have you read Weibo?"

The colleague at the next workstation cursed angrily: "Xie Jingxing is such a piece of shit. He is jealous and can't stand seeing others doing better than him. Seeing that our chairman's reputation is higher than his, he just barks and insults people."

"The people who flatter him are also idiots. How can a financial parasite who does not produce anything compare with technology innovation entrepreneurs? Does he have any feelings?!"

A colleague excitedly held up his phone, pointing to a highly praised comment that suggested selling LeTV shares: "Let them sell. They will regret it later when they lose money."

He cursed while clicking the report button, then typed a comment, all smoothly and skillfully.

The young man politely declined the invitation from his colleague to report him, quickly turned on his office computer, stared at the time display out of the corner of his eye, and the stock market trend popped up on the screen.

The market opened at 9:30 and LeTV's stock price opened flat and fluctuated, with a normal trend.

The pounding heart gradually calmed down. The young man loosened his fist and wiped off the wetness on his palm. He tilted his head and asked, "What's going on? The boss hasn't offended Xie Jingxing, right?"

"Who knows, maybe Xie Jingxing is having a seizure, his Weibo account has been blocked."

My colleague looked disdainful and glanced at the computer: "Why, are you panicking?"

"No, you know, my girlfriend and I want to buy a house, and we don't have enough money, so we have to sell some stocks." The young man quickly closed the stock software.

My colleague smacked his lips with regret: "I'm not trying to sow discord between you and your partner. You're losing a lot of money by selling your stocks now. Even though I have two houses, the housing prices in Beijing are too high now, and the room for growth is definitely not as good as our company's stocks."

"There's nothing I can do about the housing I need. If I were a Beijing native like you, I wouldn't sell the company's stocks." The young man smiled bitterly.

My colleague seemed a little smug: "When I get married and start a family, I will leave our company's shares to my children and I will never sell them in my lifetime."

The young man sighed with emotion. Last year, the chairman went to the United States for medical treatment. The company's stock price was sluggish, and the outside public was predicting that LeEco was doomed.

Colleagues spontaneously bought the company's stocks. At the beginning of the year, the chairman made a comeback after recovering from his illness and led the company to innovation in automobiles and mobile phones. The stock price soared, surpassing Vanke and firmly sitting on the top of the GEM.

People like Xie Jingxing and Lei Jun are far inferior to Mr. Jia.

This is the unanimous opinion of all colleagues in the company. It not only allows everyone to make money, but also focuses on hard technological innovation.

But compared to feelings, what is more important now is bread and giving my girlfriend a home.

In any case, Xie Jingxing is the boss with the most exaggerated personal influence in the financial industry, no doubt about it.

Corporate official letters are no joke. Strictly speaking, they have corresponding legal effect based on the content written in them. There are hundreds or even thousands of companies that have investment cooperation relationships with Grapefruit Capital and Taihe Capital.

LeEco is very likely to have business dealings with some of these companies. In short, Xie Jingxing used real money to demonstrate his bearish stance on LeEco, which cannot be compared to Prince Wang biting entertainment stars.

The 'Teacher Liu' mentioned in his Weibo post is named Liu Shuwei, a female fighter against counterfeiting in the A-share market. In the millennium, she exposed the financial fraud and excessive loans of Lantian Co., Ltd., the first agricultural stock in China.

In the second year, he was named the Person Who Moved China and the Financial Person of the Year. He has scolded Baoneng and criticized Midea. He is truly a tough guy.

This tough guy publicly questioned Boss Jia's continued large cash-out this summer, saying that he was only making empty promises to investors instead of running the business properly. He was besieged by Boss Jia's followers, who mocked and ridiculed the old man for not understanding the business logic of Internet companies.

This is why Boss Jia responded that his cashing out is different from others, and that cashing out and reducing holdings is a genius reason for innovation.

After several rounds of fighting, Liu Shuwei was completely overwhelmed by the eloquent Boss Jia and his followers, and finally had to give up.

Now that Xie Jingxing has brought up the old matter again, if he joins forces with the female fighter, I'm afraid no one can guarantee that they will not be able to shake LeTV.

The young man checked Xie Jingxing's public information, searched Liu Shuwei's performance, and then looked at the trend of LeTV's stock price.

"I have to sell it anyway. It doesn't matter if it's a day earlier or later, or a day later."

The young man was restless the whole morning, and at 2:, he took the opportunity to go to the toilet and sold his shares.

"You change your face faster than the weather. Why are you so active all of a sudden? Are you feeling guilty because you did something bad?"

"No way, I'm just afraid that if I don't buy a house my wife will leave me."

"You're so annoying, you're so slick. I'm your wife before you even proposed to me, so I'm really at a loss."

"Okay, okay, after we buy the house, I will prepare a proposal ceremony for you in the house. I love you."

Although nothing happened in the morning, the young man was not sleepy at all. He held the phone and chatted with his girlfriend until the afternoon when he was about to go to work. He then called the agent to confirm the details of the bargaining with the landlord before he was done.

When I returned to the office, my colleague at the next workstation was sipping coffee and typing away on his keyboard while engaging in a high-intensity online discussion on Tieba.

The blocking of Xie Jingxing’s Weibo account did not affect his strong personal influence.

Within a morning, various media outlets that smelled something fishy rushed out related press releases to get some attention, and the main arguments that ridiculed Liu Shuwei a few months ago were dug up one by one and criticized.

Using the logic of the industrial age to analyze LeEco, an Internet company, is it a remnant of the old era and a clown that only adds to the laughter?
Then what about Xie Jingxing, who has successively invested in Didi, New Dangsong, and Toutiao? How many people are qualified to claim that they know how to analyze an Internet company better than him?

Without considering what a company has created, what it pursues, or what difficulties it has overcome in a rigid system, how can we measure a company by talking big and using business laws?
Then what is Xie Jingxing, who created the live streaming and shared bicycle trends? How many people are qualified to understand market rules and business models better than him?

Who else is qualified to talk about the pursuit of value after he has brought out a group of new founders such as Cui Aliu and Mao Wenchao?

When Xie Jingxing leaned forward and faced the muzzle of the gun that was once pointed at Liu Shuwei, every bullet he fired returned to the original path and hit the shooter's forehead.

Immune to all evil, easily defeat thousands of enemies!
“Business is personified, business leaders are idolized, and there are too many mobs in this era of entertainment to death!”

The colleague slammed his coffee cup hard, and the desk made a dull sound. He racked his brains but couldn't understand why Xie Jingxing was barking like a dog and there were fans of girl groups in the entertainment industry.

His account was banned, and he could only stare at the hundreds of insults in the background without saying anything.

"No need to waste time with stupid fans. Pack up and get to work."

The young man couldn't tell what made him feel when he gave this reminder. Looking at his colleague's appearance at this moment, he suddenly felt that he was just like the mob that his colleague had cursed him to be.

It’s just that the individuals they worship are different…

"Indeed, if you don't compete with idiots, the facts will slap Xie Jingxing in the face sooner or later."

The colleagues were still chattering, and the young man stared at the time. It was one o'clock in the afternoon and the stock market opened.

Worried, he quietly took out his mobile phone and opened the stock trading software to check the market. It was green, down 3%, while the morning session closed up 4%!

"What's wrong with you? Hey, I'm talking to you." A colleague patted his shoulder.

The young man blinked blankly: "The stock price fell, a 7% flash crash."

"...bang."

The coffee cup fell over, and the brown coffee flowed onto the beige desk, leaving a large brown mass. My colleague opened the stock trading software without paying attention, staring blankly at LeTV's stock price struggling to fall, and his expression changed dramatically. (End of this chapter)