Reborn Entrepreneurial Giant.

Huang Zheng received more resources and support from Jumei in Singapore. He couldn't tell whether he was disappointed or relieved, but he was calm and didn't say anything.

Time’s corporate culture is different from Jumei’s. It adopts a decentralized office model and dilutes the concept of headquarters. For example, Instagram Xiaohongshu, the development team is distributed in Beijin, Yangcheng, Silicon Valley, Shanghai, and now Singapore. There are also Tokyo, Berlin and other places, which are similar to ByteDance's organizational form.

Instagram’s most critical personalized recommendation algorithm must be developed in China. Cloud computing is provided by Jumeiyun. Others are not important, at least not so important.

Qu Li and Lu Qi are busy making some fine-tuning of Time Company, increasing the overseas public relations department, especially in the US region. After all, the market potential determines the degree of effort of the company. It is also advertising, and the unit price and profit of Europe, America, Japan and South Korea are all higher. Higher, since you can make money, pay more attention to it.

Chen Danlin wanted to discuss the issue of profit and loss with Qu Li. Their business centers were not doing badly, and they were about to enter Yudu, Xingsha and Wuhan at the same time. But Qu Li was not interested in the profits brought by real estate at this time. Big, he has a lot to deal with.

"What about PCCW's acquisition of Xiangjiang CSLNW?" Chen Danlin
"What?" Qu Li didn't understand

"CSLNW is a joint venture company established by Telstra and New World Development. It provides mobile communication services and sells mobile communication products to Xiangjiang customers. It has 2, 3, and 4G network licenses..." Chen Danlin carried the information on her back. CSLNW is the largest mobile phone in Xiangjiang company.

"Are they willing to sell?" Qu Li was puzzled

"The telecommunications industry is not a good business, and it brings them about 15 billion in net profit a year."

"Isn't that nice?"

"But market competition is still intensifying, and continuous investment is required..."

"Oh, and then what?"

"If someone backs out, things will naturally get better."

The Hong Kong mobile telecommunications market includes Li Bancheng's Hutchison Telecom, China Mobile, SmarTone, PCCW and CSLNW.

"How much does it cost to buy?"

"More than 150 billion Hong Kong dollars, and it must be in cash."

"Then do you have so much money?"

"Someone sold the stock in exchange for cash." Chen Danlin
"It's better to borrow money."

"External comments have criticized our transformation a lot. PCCW and its transformation from a telecommunications company to an investment company is a retrogression, plus those few stocks..."

A stock like Nvidia that can rise fifty or sixty times is not good, what else is good?These people don't cherish the opportunity presented to them.

"As a result, our credit rating has dropped, and the cost of issuing corporate bonds..."

"Since this is the case, let us take over by ourselves, and hope that they will not regret it in the future."

"We take over, don't we just sell it?" Chen Danlin asked
"It's so hard to buy so many, it's a pity to sell them. We keep the U.S. stocks for ourselves and sell the rest to wealth funds." Qu Li made a decision. U.S. stocks such as Nvidia and Netflix have risen so much, as long as the spare money is not confiscated You can make a lot of money. Domestic stocks that compete with him cannot be bought directly, so there is no need to consider
Chen Danlin actually wanted to sell those stocks and concentrate on operating PCCW, but she didn't expect such a result. How could she object to what Qu Li decided?

"Increase the shareholding ratio of Netflix and Nvidia to about 5%."

"The stock price of Netflix has risen a lot." Chen Danlin hesitated

"That's not right. Many people want to bear the stock price drop. After the stock price rises and returns to their capital, many people will settle down. Who knows where it will go." Qu Li believes that it is easier to buy stocks when the stock price rises

"How much can Netflix stock go up?"

"Who knows, I don't care, they will disrupt an industry." Qu Li said
At the beginning of the year, the first season of Netflix’s classic “House of Cards” aired, which caused the stock price to soar. The payment habits of European and American consumers basically made their business model work.And everyone knows the Big Six in Hollywood, they control the film classification through the film association MPAA, including the quota for entering the Chinese market.New forces such as DreamWorks Lions Gate have made repeated efforts to no avail, and then Netflix successfully joined in.

It's a pity that Netflix's success did not stimulate Youku's stock price, and it should fall or fall.

It didn't take long to discuss, and things were quickly settled.

By the way, Qu Li held a meeting with the person in charge of Tianming Fund. The family fund is stable, and the risk of stock trading is already very small.As for Telecom Yinghe, Fenghua International, and Yinghe Real Estate, only some of them belong to Tianming Fund, and they are all managed by Chen Danlin.

You ask them why they report to Qu Li. Does it need an explanation?No matter how power is divided, what belongs to him is his. Human nature cannot be tested, and principles cannot be shaken.

While Qu Li was worrying about his own small money, Yu’e Bao users across the country were also enjoying the small money they earned. The highest rate of return on Yu’e Bao exceeded 10%, and often exceeded 7%, which is 1 yuan. The money earned 2~3 yuan a day.

Looking at the changes in the numbers on the account every day, the vast majority of Yu'ebao users have never known that managing money is such a simple and enjoyable thing.A large number of users shared their profits through Weibo, QQ, and WeChat, which attracted more people to register and use.

At this time Alipay launched its own wealth management product: current treasure.Formally intervene in this Internet financial battle.Time WeChat developed "Lingqianbao", and a large number of "baby" products began to appear on the Internet, becoming the most popular concept this summer.

However, a rate of return of around 10% is absolutely abnormal. There must be something wrong with the high rate of return. Qu Li soon had the answer. It turned out that there was a "money panic" in the domestic financial market.

The so-called money shortage is not the lack of money, but a structural shortage of funds caused by the mismatch of funds.On the one hand, banks and the stock market are short of money, but on the other hand, there is an abundant supply of money and excess hot money.

Under such circumstances, the yield of Yu'e Bao rose and the stock market went down. Throughout June, the big A shares were gloomy.The Shanghai Composite Index fell from about 2300 points to the lowest point of about 1850 points.The joy of the family and the sorrow of the family are vividly expressed at this time...

The "money shortage" stems from the illusion of misallocation of financial resources, and its deep-seated reason comes from the panic of collective "blood loss" in the real economy.To put it another way: Insufficient operating cash flow of real enterprises brought about by the deteriorating financing environment.

Quite a few companies hold orders, but cannot achieve performance due to "lack of money".

An investment institution invested 5000 million in a company to expand reproduction, and the chairman of the company reinvested this "special fund" in a "small loan company" and got an annualized rate of return of 30%, earning 1500 a year Ten thousand.But this company has worked hard for a year, and it can only earn 2000 million profits in honest production.

Seeing the big from the small shows how "high" the efficiency of the domestic financial system is and how dominant it is in the distribution of wealth. Ma Yun's subsequent criticism is not reliable.

Qu Li doesn't want to criticize anyone. What he can do is to set up his own microfinance company to do inclusive finance. (end of this chapter)