The Situation of Merchant Killing

Chapter 413 Preparation
Pang Pian, the founder of Xingcheng.com, asked Long Mingyi to meet at a high-end hotel.It's not a formal talk about cooperation between the two parties, the two chose to talk while eating.

After the fried lobster with three green onions came up, the two of them took a few bites.Pang Pian wiped her mouth and got to the point.

"Mr. Long, the "Fortune Compass" program is the fate of our acquaintance. I have to thank this program."

"I think so too." Long Mingyi said naturally.

"Star City.com wants to come back, but does not want to use CDRs (referring to securities issued by depositors, issued domestically on the basis of overseas securities, and representing the rights and interests of overseas underlying securities.), I think everyone knows. The process of returning, I think Long He knows better than me." Pang Pian said, "I don't know if Mr. Long is interested?"

"The market value of Xingcheng.com is US$12 billion. It has 45% of the outstanding shares traded on Nasdaq." Long Mingyi said, "It's really a huge sum of money. And you're still playing AB shares."

AB shares have different rights for the same share.The stock is divided into two levels: A shares and B shares. The A shares issued by external investors have only 1 voting right, while the B shares held by the management have N voting rights for each share.

"Yes." Pang Pian said, "Boss Long is right."

"So what kind of game is Mr. Pang thinking about? Privatization, and then return to China for IPO?"

"Set up a private equity fund, and then accept the outstanding shares." Pian Pian said: "This completes the privatization."

Long Ming smiled and said, "That means these stocks can't shake your controlling position."

"Mr. Long is right." Pang Pian said, "I need Mr. Long's help. You have a good relationship with many people."

"I also don't have a good relationship with many people." Long Mingyi said, "But I will think about it carefully. Including the return time and pricing."

"You come up with a plan, I'll wait." Pang Pian said: "After all, I'm an amateur, you will give me a satisfactory plan."

The wave of the return of Chinese concept stocks has been talked about for several years, and it is said every year, and there are expectations every year.It's not that Long Mingyi hasn't thought about it, it's just that most technology stocks are still in a state of loss. As for where they can be listed on the market, they are not sure. If they are not careful, they may lose everything.

After dinner, Long Ming returned to Zhan Dao Capital, and he found Mi Ming, Xu Chen, Qi Xin and Wang Qiwen.

"Xingcheng.com wants to go back to China for an IPO." Long Mingyi told them about the situation. "There are risks, but there are also opportunities."

This morning, Long Mingyi asked Xu Chen and Wang Qiwen to carefully review the situation of Xingcheng.com.Xu Chen raised a question, "Da Wenwen and I looked at it. There is a problem, the profit model. Up to now, Xingcheng.com is still 'burning money'. It's not that there is no market for the concept of big entertainment, but it's just that we don't know when to make a profit, and how to make a profit. I don’t know. There are rumors about the A-share registration system, but it has not been implemented. No matter how many of us participate in this fund, we must be prepared to queue up for IPO for several years. Therefore, when the IPO cannot be listed on the agreed time, then the The terms of the repurchase must be very strict for Xingcheng.com. After that, there will be the establishment of SPV (special purpose vehicle), fund priority and so on.”

"It seems that we need to design such a fund." Long Mingyi said: "Take this for practice. It is estimated that the acquisition will require more money than the current value. I guess it will cost about [-] million US dollars. If Not enough, let Pang Pian find a syndicated loan."

"[-] million U.S. dollars." Mi Ming said, "more than [-]% of our total funds. Boss, the horse racing town, because the current situation has not been announced, our funds are actually quite tight."

"I'm not crazy." Long Mingyi said: "We won't subscribe for all of them. We can pay 1 million, inferior. Like Linghai, Wang Canhui, Zheng Zhiqiu and Zhang Lu, and Xiao Qianqian, how much are they? Everyone wants to order it. When going abroad, you also need a Mo Qi.”

Wang Qiwen smiled, "It's different to have friends."

"Of course." Long Mingyi said: "Now I have discovered the benefits of having friends. Or Zhou Hao and Yue Zhihui, they also want some."

Long Ming clapped his hands, "Everyone use your brains and calculate carefully. Demonstrate the feasibility from the root. Go through their books and find out whether we can recover the cost. Think about it in a week. This work is led by Mi Ming. Morning audit. Qi Xin and Da Wenwen, you two are involved. It is a good thing that you have a big job just after work. Maybe, you can make a lot of money."

After everyone left, Long Mingyi left Mi Ming behind.

"How about Baixing and Fu Jinhui?"

"Still investigating." Mi Ming said: "The construction site is basically closed now. It is not easy to investigate the misappropriation of funds."

Long Ming nodded. "Okay. Let him live a few more days."

If the construction site starts and the real estate in the new area is still swaying like that, then it can be a fuss, but the current state is hard to say.

In the evening, Long Mingyi participated in a "cloud forum" at home.In the first quarter, cloud video, cloud conferencing, etc. were really popular.Especially "Cloud Bundi".Shen Yixin and the others actually held a cloud meeting with 20 people one day, and everyone danced together.

The forum that Long Mingyi participated in had been established for a long time.Some economists, fund managers, etc. have formed a communication platform, which is actually a think tank that provides an opinion.The requirements for its members are very high, scholars must be knowledgeable, and fund managers must be capable.

There are twelve people online in this forum today, and everyone is discussing their views on economic trends.

One of them said: "Economic development tends to stagnate. Although the economic development of our first-tier cities is stable, there is some vitality. Third- and fourth-tier cities, especially fourth-tier cities, some places have experienced a wave of closures. All the shops on a street are written with 'out Dui'." After speaking, he also posted the photos he took.

"This is a reminder." Another person said: "In the short term, should we pay close attention to 'consumption downgrade' and 'consumption stagnation'. E-commerce platforms sink to third- and fourth-tier cities. If the purchasing power of third- and fourth-tier cities Attenuation, I think it is not just the loss of the e-commerce platform, but the upward impact. It will affect the providers of these products and services. At that time, the impact will be great.”

A woman said: "Then, we should pay attention to the 'Engel's coefficient' (the ratio of total food expenditure to total personal consumption expenditure). In the first quarter, because of festivals, food expenditure may be higher. But people's life is better, not The changes will be particularly large. What we should be concerned about is whether the proportion of other expenditures continues to decline."

"That's right." Everyone agreed.

Long Ming said, "That's it, I think everyone should look at it dialectically. First of all, due to special reasons, the demand must have declined in the first quarter. For example, the demand for staying at home is definitely different from the demand for going to work and going out. Food Expenditures are definitely going to rise. People who were not at home are now eating at home. Secondly, because they don’t go out, consumption will definitely drop. Clothes, cosmetics, etc. will save a lot. I have detailed data here, the data comes from It is based on big data. You can take a look. Again, the entertainment market is developing rapidly. Everyone must have reached a consensus on this.”

Everyone nodded.

"I believe our economy is improving." Long Mingyi said: "Of course, we need to pay attention to the data like Mr. Wang. These data will reflect the economic situation. We also need some forward-looking. After the first- and second-tier economies start to recover, The third and fourth lines will also keep up. The policy will be favorable. I believe our country will be the country with the shortest impact and the fastest recovery.”

"Yes." The others agreed.

(End of this chapter)