I have a thousand suites in Shenzhen

Chapter 165 Earn another $200 million

The Point Company is in a dilemma. If you don't change, you will die. If you change, you don't have the funds.

While Groupon's initial model was quite simple, it only initiated one transaction per day, providing a coupon from a local merchant, usually as low as 2-3% of the original price of the product or service. Once the number of people purchasing the coupon reached the expected number, the transaction will take effect.When company executives such as Lefkovsky and Mason were looking sad, the emergence of Chen Xuejiao and Hualong Investment Company undoubtedly became their savior.

After some conversation, Chen Xuejiao left $600 million, which was $200 million more than Yi Anguo planned, but her shareholding increased from 20.00% to 30.00%.

Yi Anguo gave Chen Xuejiao a lot of authority, so she could make the decision, increase investment appropriately, and take more shares.

With $600 million in funding, Lefkofsky and Mason began working on the group buying website project.

Groupon's initial model is quite simple. It only initiates one transaction every day, providing a coupon for a local merchant, usually as low as 2-3% of the original price of the product or service. Once the number of people who buy the coupon reaches the expected number, the transaction will be will take effect.

This model is actually quite effective because it is very light and does not require handling logistics and transportation, establishing warehousing, and investing excessive funds and personnel like e-commerce platforms.

In terms of promotion, they also adopted the most cost-effective mode, using word of mouth and sending emails in batches to attract consumers who want to get discounts.

For consumers, due to the subprime mortgage crisis and consumption downgrade, they can buy the goods they want at lower prices, which is very cost-effective and attractive.

For merchants participating in group buying, when bank loans tighten, even if profits are lower, it is good to have a large influx of cash flow.

Now it seems that this model is unremarkable, but at the time it was sought after by the media. They reported this model on a large scale, making Groupon's popularity instantly take off.

After that, whether it was recruiting people to participate in group buying or looking for franchise merchants, Groupon's work became much smoother.

The smooth development of Groupon's business gave Lefkofsky and Andrew Mason a taste of the benefits, and they focused on group buying.

Later, the business of The Point was even shut down.They also began to build a team of senior executives.

At this time in the United States, many companies lack funds for continued development. Many companies also lack funds for technology research and development. Under the financial crisis caused by the subprime mortgage crisis, the economic depression in the United States is inevitable. Everyone is short of money. Many companies are also short of money.

In the office of a car company called Tesla, the company's chairman Musk is giving a speech to everyone in the company.

“Either everyone invests and saves the company, or the company goes bankrupt and everyone goes home without a job.”

After speaking, Musk took out a check for US$300 million and placed it on the table. This was his last personal asset.

Prior to this, Musk sold all his properties and now can only rent a house. He also persuaded his brother, all relatives and friends to spend money to invest in Tesla.

After that, Musk has to consider who else he can borrow money to invest in and pay rent.

In 2008, the financial crisis broke out, and Musk also reached a low point in his life.

His rocket failed to launch three times, and tens of millions of dollars of investment turned into a big fireball after the explosion. Because of the high research and development costs, Tesla was also on the verge of bankruptcy.

Musk is now penniless, which is not an exaggeration at all. He has invested all his money.

On this day, a Chinese woman named Chen Xuejiao appeared in front of Musk.

"Ms. Chen! Why is Hong Kong Hualong Investment Company so interested in an American automobile company?"

Musk asked curiously when faced with the sudden appearance of investors, who were also from a faraway eastern country.

"The reason why our Hualong Investment Company is willing to invest in Tesla is not because we are interested in Tesla, but because we are interested in you, Mr. Musk." Chen Xuejiao said with a smile.

"Oh! Really? Then I feel honored. I wonder how much money Ms. Chen plans to invest in Tesla on behalf of Hualong Investment Company?" Musk asked directly.

"How much does Mr. Musk think Tesla is worth now? How many shares of the company is Mr. Musk willing to sell?" Chen Xuejiao asked.

"I really can't answer this question for you. How much is a Tesla worth? It varies from person to person. Everyone doesn't have an absolutely accurate figure for its value. It's useless for me to say how much it's worth, because you and Your company may not be able to accept it, and it’s useless to say how much it’s worth, because my Tesla and I may not agree.” Musk shook his head and said.

"You represent the investor, why don't you give us a number and see if we can accept it."

"Mr. Musk, no one knows the value of Tesla better than you. If you are unwilling to say it, I will think that you do not need our investment." Chen Xuejiao said.

"But Mr. Musk, we naturally have our own evaluation criteria for the value of Tesla, so we will only use the valuation you quoted as a reference. Do you want to invest in the end? We will also have one Very complete evaluation process.”

This last paragraph is undoubtedly a reminder to Musk not to make random quotes.

After all, you only have one chance. If Musk is unwilling to cherish it, there is nothing he can do.

No matter how good Tesla’s investment project is?Then we can only give up.

Domestically, on July 3, Apple's 4399G mobile phone was launched, with a retail price of 3 yuan, triggering countless Chinese people to queue up to buy it.Yi Anguo discovered that history has changed. The original retail price of Apple 4699G was 4399 yuan, but now it has become [-] yuan. It is probably due to the influence of China Star smartphones.

However, although China Star mobile phone sales are very good, supply exceeds demand, and has received support from many Chinese people, the iPhone 4 mobile phone has also been selling well after it was launched, attracting the attention of many Chinese people.

On the Internet, many netizens are comparing Huaxing smartphones with Apple 3G phones, triggering a heated debate between Star fans and Apple fans.

Both sides insist on their own opinions and refuse to give in to each other. Apple fans firmly believe that Apple's 3G mobile phones are better than CSOT phones in all aspects, especially Apple's operating system, which is better than CSOT's self-developed system.

Apple fans are proud to support domestic mobile phones and national brands. They believe that the system of Huaxing smartphones is no worse than that of Apple phones. Even if it is slightly worse, it will not matter. Moreover, Huaxing phones also have their own advantages that Apple phones do not have.

For example, the Huaxing mobile phone has a large screen, a full screen, and a hidden camera.

The screen of Apple mobile phone 3G is relatively much smaller.

No matter what, we should support domestic brands. Only in this way can domestic brand mobile phones develop better.

Star fans on mobile phones accuse Apple fans of being idiotic and unpatriotic, while Apple fans accuse Star fans of moral kidnapping. Although they are Apple fans, it does not mean that they are not patriotic and have the ability to prevent the country from importing products from any country.

Yi Anguo actually knows very well that Huaxing mobile phones may be the best among domestic mobile phone brands, but compared with Apple 3G mobile phones, there is still a technical gap.

The reason why many consumers support Huaxing smartphones is more or less paying for their patriotism.

However, don’t domestic technology companies and national brands need the support of countless Chinese people?

Only with the support of countless Chinese people can companies make profits?Only when a company makes a profit can it continue to develop new technologies.

On the other hand, if Chinese consumers do not support their country’s national brands, how can we talk about revitalizing our national brands?
The products produced cannot even be sold, and where will the money come from for technology research and development? It will be very difficult to even survive.

On July 2008, 7, the Apple mobile phone 11G was launched in China. On the same day, the international crude oil futures price exceeded US$3 a barrel, reaching a record high.

Yi Anguo decisively cleared all his long positions in international crude oil futures and changed hands to short 20 lots of short positions.

From May 5st to July 21th, for a total of 7 days, the international crude oil futures prices experienced ups and downs, huge fluctuations, and huge rises and falls.

5月21日，国际原油期货价格达到132.7美元一桶，但到了6月4日，国际原油期货价格跌落到了122.10美元一桶。

但是到了6月7日这一天，国际原油期货价格又飙升到了137.9美元一桶，6月10日这一天则又跌回了131.02美元一桶。

On June 6, the price immediately soared to $12 per barrel.After that, it went up and down, with repeated sideways jumps. The long and short sides fought fiercely. It was normal for the price to rise and fall by more than five dollars a barrel every day.

Moreover, the daily trading volume is very huge, hundreds of thousands of hands can be traded every minute, and some people hold positions of hundreds of thousands, or even millions of hands.

Speculators engaged in international crude oil futures trading, some became rich overnight, some returned to before liberation overnight, some made big money and laughed crazily every day, and some went bankrupt helplessly, choosing to jump off the roof of the building, and everything was over.

Countless capital, banks and international hedge funds have also entered the international crude oil futures market, filling the international crude oil futures market with smoke.

In just 51 days, after completing all the transactions, Yi Anguo made another $200 billion. So far, in just over half a year, he has made a huge fortune of $500 billion in the international crude oil futures market.

Next, we just waited quietly. International crude oil futures fell from US$147 to US$46.

It will be much easier next time. Basically, you don’t have to do any operations anymore. You can just add some short positions every once in a while.

It doesn’t take much. Every time the price of crude oil futures drops by ten dollars, add [-] short positions and let it continue to fall!

After Yi Anguo took a break from trading in the international crude oil futures market, he planned to go to Silicon Valley in the United States for an investment inspection.

Just when everything was going smoothly, Ding Jing's mother's condition suddenly worsened.

Although Ding Jing's mother's kidney transplant operation was very successful, everyone knew very well that there are many uncertainties for people who have had a kidney transplant.

Theoretically, after a successful kidney transplant, 60.00% of people can survive five years, but only [-]% of people can survive ten years.

As for Ding Jing's mother, her life span has exceeded five years after kidney transplantation. It is actually normal for something to happen and her condition to relapse at this time.

But now Yi Anguo is not short of money, and Ding Jing has also made a lot of money. Ding Jing helps Yi Anguo do things, so of course Yi Anguo cannot not give her money!
Although there is no rule saying how much money must be given to her, Yi Anguo did not give less money to Ding Jing. Ding Jing is his woman, and it is impossible for him to treat his woman badly.

With money, people like Ding Jing's mother can undergo a second kidney transplant.

(End of this chapter)