Almighty crossover king

Chapter 936 Privatization of Baili

"Baili Group announced its financial statements for the first quarter, and its profits have fallen sharply..."

"The Internet industry bubble burst, and Baili Group was not spared..."

"Longteng's e-commerce system has been upgraded, and Baili Group has encountered an unprecedented crisis..."

Whether it is domestic or foreign media, there have been a lot of negative news about Baili Group.

Moreover, these news are analyzed from a professional point of view, analyzing the current crisis facing the Baili Group.

Not optimistic, everyone is not optimistic.Especially after the upgrade of Longteng's e-commerce system, everyone is even less optimistic.And Longteng Group also announced a series of policies, especially for the layout of overseas markets. Some overseas markets of Baili Group have also become the focus of Longteng Group to open up new markets.

Fangs, in the eyes of outsiders, Longteng Group showed its fangs to Baili Group again.Everyone is not surprised by this, after all, one mountain cannot accommodate two tigers.

At present, in the domestic retail industry, Longteng, Baili, and Xunfei are the three giants.But in the past few years, one has ebbed and flowed, and the market share of Longteng Group has continued to expand.

No matter online or offline, Longteng Group is expanding.On the contrary, the market of Baili Group and Xunfei Group is being swallowed up by Longteng Group little by little.

Facing the giant of Longteng Group, Baili Group and Xunfei Group were really overwhelmed.There's no way, Longteng Group's benefits to employees are too good.

As a result, Longteng Group's service is particularly good, especially in offline retail stores, and everyone has a deeper understanding.The offline retail stores of Baili and Xunfei have much worse service.

So in a head-on competition, Baili and Xunfei can't compete at all.They are even more afraid to fight price wars, so now they can only avoid Longteng Group.

Such a situation naturally makes investors not optimistic about Baili and Xunfei.After the upgrade of the Longteng e-commerce system this time, the stocks of Baili and Xunfei once again experienced major turmoil.

Baili Group and Xunfei Group have been meeting continuously these days.The purpose is to discuss countermeasures, how to face the future, and at the same time discuss how to transform.

Secretly, Zhang Fan and Ma Baili continued to repurchase shares through capital operation.In order not to attract attention, the two even used their relationship network to let some other companies enter to help them repurchase.

Those people are naturally willing to do such a favor. After all, Zhang Fan and Ma Baili paid the money, and I am just doing a favor and passing it on.

The funds mobilized this time were very large, and Zhang Fan also mobilized the funds he could mobilize.These funds did not pose much pressure on Zhang Fan.

The current liquidity in Zhang Fan's hands is very huge.Zhang Fan's hands and feet were weak after the stock market crash. Coupled with the company's liquidity, Zhang Fan can mobilize more than 5000 billion US dollars of liquidity.

So repurchasing these stocks is still very easy.However, the funds that Ma Baili can use are not too much.I can only borrow money from Zhang Fan, and use the company's shares as collateral, and use the company's dividends to repay the money in the future.

This time, Ma Baili owed Zhang Fan a huge favor.It would be impossible for someone else to do this, after all, the amount of money is too large.

Through this incident, Ma Baili also saw Zhang Fan's courage.Most people don't have such courage, and they can't afford it.

But Zhang Fan dared to play, for Zhang Fan, the money was worth losing.However, the money also returned some benefits, which were the shares in Zhang Fan's hands.

40.00% of Nine shares, which will be non-dilutable shares in the future.Even if Baili Group goes public again in the future, Zhang Fan still has so many shares, and the dilution will only dilute the shares held by Ma Baili.

Time passed quickly, and it was mid-May in a blink of an eye.For many people, these two months are like a dream.

Especially for the Internet industry, it has experienced an unprecedented cold winter.In just two months, the market value of the global Internet industry has evaporated by nearly US$[-] trillion.

The global stock market is also not doing well, and the stock markets of many countries almost collapsed.Even the U.S. stocks suffered heavy losses, and some countries were almost bankrupted by financial predators.

The global economy has been looted by some people. According to preliminary estimates, within two months, nearly ten trillion dollars were looted around the world.

This caused the already sluggish global economy to experience another catastrophe.At present, countries are also trying to find new ways to revitalize the economy.

In this stock market crash, China became the biggest winner.As for how much they won, only insiders know, but judging from the attitudes of various countries towards China during this period, we know how much China has won.

In two months, Longteng Group experienced crazy expansion.Especially in social systems.At present, QQ has become the world's largest social media.

Global QQ downloads have exceeded 20 billion.This number is very scary.This means that one out of every three people uses QQ.

Especially among young people, QQ has become the social software of choice.With the expansion of QQ, the huge support base has transformed into a strong consumer group.

The sales of many products under the Longteng Group have skyrocketed, and the surge in profits has made many companies jealous.

Compared with the high spirits of Longteng Group, other Internet industries are not in a good mood.Twitter is basically finished. After being shorted by capital, Twitter is currently preparing to file for bankruptcy.

Amazon in the US has also been hit hard.In just two months, the market value plummeted by 40.00%, and the stock evaporated nearly 4000 billion.

Once Amazon's market value exceeded one trillion US dollars, but now it is only 6000 billion US dollars.Two months also brought Amazon from heaven to earth.

The shares of Baili Group evaporated again, falling from 2000 billion to 1750 billion US dollars.The market value of Xunfei Group has fallen even more, it has fallen to 1000 billion U.S. dollars, and it will fall below [-] billion U.S. dollars.

Other Internet companies are similar, and they all fell sharply.The net worth of many rich people has shrunk dramatically.There are also some super rich who go bankrupt directly.

When the tide goes out, you can directly see who is naked.And it's not just the internet industry that's lost, even the global real estate industry has suffered a lot.

The severe economic situation makes countries looking for a new way out.

May NO.17, Baili Group held a press conference at its headquarters in Hangzhou.Many media reporters have been notified, and everyone is very curious about this press conference.

At eight o'clock in the evening, Ma Baili appeared at the press conference.With a smile on his face, he couldn't see any loss.His worth has shrunk a lot in the past two months, but Ma Baili doesn't care.

Because in these two months, he and Zhang Fan completed their tasks.Through the hard work during this period, all the shares of Baili Group have been returned, and the privatization of Baili Group has been completed. This is another new starting point for Baili Group.

(End of this chapter)