Almighty crossover king

Chapter 478 The Crisis of Xunfei

"PUBG Mobile" became very popular, and the entire game swept the world.Set off a wave of terror on a global scale.And playing with friends has also become a trend.

This time, the support for using QQ began to soar like a rocket.Once using QQ, and then only using Alipay, Longteng Mall gradually became natural.

As QQ users increase, Xunfei users will naturally decrease.Coupled with the failure of "Total War", starting from September NO.15, Xunfei's stock began to fall sharply, and many people began to sell Xunfei Group's stock.

On the Internet, Longteng Group's publicity department is not idle either.A large number of critics began to bad-mouth Xunfei Group, and at the same time listed various data, which made investors doubt Xunfei Group.

"Xunfei users are losing on a large scale, and Xunfei Group has encountered the biggest crisis..."

"Instant Messenger encounters challenges, QQ market share expands..."

"Longteng Group has risen in an all-round way, and Xunfei has become the biggest victim..."

"Xunfei was abandoned, and Longteng QQ rose..."

"Xunfei executives are suspected of selling stocks on a large scale to cash out..."

News one after another, not only in China, but also in foreign countries.Especially in the United States, Xunfei Group was listed in the United States, and its market value was once as high as 3000 billion U.S. dollars, which was very popular among American investors.

Now, the popularity of "PUBG Mobile" has caused a series of chain reactions.The first to bear the brunt is Xunfei Group. Every day when the market opens, the shares of Xunfei Group are falling.

The market value is constantly evaporating, and this situation has caused panic among retail investors, resulting in a large-scale sell-off.Although Xunfei Group mobilized funds to stabilize the stock price, but in this case, how can the stock price be so stable.

In particular, the instant messaging software market is gradually shrinking, which makes investors even less optimistic about Xunfei Group.In just one week, the stock of Xunfei Group fell by 20.00%, and the market value evaporated more than 500 billion U.S. dollars.

This result scared the big domestic companies, especially Internet companies.The stock bubbles of Internet companies are very large, and some data may look beautiful, but once something goes wrong, the stock will fall very quickly.

Such examples abound, and now stocks have fallen by such a magnitude.Many major shareholders have also been shaken in their hearts.Some major shareholders have even begun to sell their shares.

In Shencheng, Ma Xunfei didn't get a good night's sleep this week.I couldn't sleep at all, and I tried a lot of solutions to no avail.He even used his domestic connections to suppress Longteng Group administratively.

But the result was very pessimistic. Longteng Group seemed to be a taboo, and no one dared to touch it casually.It can't be touched, and things can't turn around. Ma Xunfei naturally wants to find a new direction.

"Chairman, we have taken down Xinhe Department Store..."

Ma Xunfei's office received a call.After hearing the message on the phone, Ma Xunfei took a deep breath.

"Okay, let's hold a press conference according to the plan."

Ma Xunfei said in a low voice, Ma Xunfei was naturally not idle during this time.The acquisition of Xinhe Department Store was a risky move by Xunfei Ma.

Xinhe Department Store, a well-known department store chain in China, has thousands of stores throughout China.It used to be a smash hit, but since the popularity of online shopping, the performance of Xinhe Department Store has been declining year by year, and the profit has also dropped significantly.

This time, Ma Xunfei bought Xinhe Department Store at a relatively high price, which is also a good thing for Xinhe Department Store.

"Xunfei Group held a press conference and announced major news..."

"Xunfei Group's strategic adjustment, what is the goal..."

"Xunfei Group..."

The news of Xunfei Group's conference was announced, and many people also paid attention to this conference.The same is true for Zhang Fan, who is paying attention to this press conference.

As night fell, the press conference was broadcast live globally on many live broadcast platforms.The press conference began, and Ma Xunfei walked onto the stage.

"Good evening, everyone. Thank you for coming to Xunfei Group's press conference in spite of your busy schedule. The reason why I am standing here today is that our Xunfei Group will usher in another inflection point tonight. This morning, We successfully acquired Xinhe Department Store at a price of 236 billion yuan. This is the beginning of our iFlytek Group’s creation of new retail..."

Ma Xunfei said with a smile, when the news was announced.Many people were shocked.Who doesn't know about Xinhe Department Store, a well-known department store group in China.

There are still many Xinhe Department Stores across the country.Now that Xunfei Group has acquired Xinhe Department Store, what exactly does Xunfei Group want to do.

"New retail, this is the term I want to talk about today. In this Internet age, the retail industry has undergone tremendous changes. Everyone is used to online shopping, but it is undeniable that the retail industry is still an essential industry. How to put The organic combination of the Internet and the retail industry is the next step for our iFlytek Group.”

Xunfei Ma said with a smile that an ecological circle appeared on the big screen.

"In the future, we will organically combine iFLYTEK's self-operated operation, iFLYTEK's logistics and warehousing, and Xinhe Department Store. We will implement online and offline unification. You can place orders online and pick up the goods offline. You can also view the goods offline. Place an order. In any city with Xinhe Department Store, if you shop at Xunfei’s self-operated store, we will pick up your products from Xinhe Department Store as soon as possible and deliver them to your door in the shortest possible time. At the same time, we provide 24-hour delivery Services, for example, you run out of paper at home at night. You place an order, as long as there is a Xinhe Department Store in the city you are sitting in, we can deliver the goods to your home in the shortest time..."

Ma Xunfei began to explain the meaning of Xunfei New Retail.After hearing the new retail of Xunfei Group, many people took a breath.This mode is more convenient than the warehouse logistics warehouse.

The speed of Longteng Mall is already very fast, and most cities can receive things the next day.But now Xunfei Group is playing more aggressively.The delivery time has been reduced from days to hours, or even minutes.

If the goods are not urgent, they will be delivered within six hours.If expedited, the item can be delivered to your home within an hour.In other words, all Xinhe department stores are logistics warehouses of Xunfei.

This is similar to the all-round logistics and warehousing that Longteng Group is building.However, Longteng Group chose to build it by itself, while Xunfei Group chose a more convenient method to directly acquire a supermarket chain.

"In the future, we will increase the number of Xinhe department stores across the country. In the future, Xinhe department stores will enter county-level, even town-level, and village-level administrative units. Let everyone enjoy better retail services... ..."

After Ma Xunfei finished speaking, there was applause at the scene.In this move, Xunfei Group took a relatively risky move, but it is undeniable that the future described by Ma Xunfei is indeed more attractive.

(End of this chapter)