China Entertainment: I just want to give my child a home

Chapter 204 Financing JD.com again and Chen Dong’s future layout (please subscribe!)
This is a transoceanic call from JD.com Liu.

Affected by the subprime mortgage crisis in the United States, a financial crisis is currently breaking out around the world.

Among them, the Internet industry has been hardest hit.

What Liu Edong’s JD.com does is online.

Because it has been expanding in the past few years, it has not accumulated much funds to resist risks.

So we were caught off guard when this financial crisis hit us.

I saw that the Jingdong building that I had spent years and countless efforts to build was crumbling in the face of this crisis and was in danger of overturning at any time.

Liu Edong was naturally very anxious.

In the past, no matter how tired I was, I always ate everything and it tasted delicious.

Now I am so worried that I can't even sleep.

Even my hair turned gray.

There is really no choice but to take the last step - call investors for help.

He knew that Chen Dong was abroad, so he first contacted several domestic investors and leading companies.

The problem is that investors’ money does not come from strong winds. The Internet industry is currently in a depression, especially as dozens or hundreds of Internet companies disappear on Wall Street every day. In this environment, no one dares to take risks and everyone is hesitant. , all waiting and watching.

However, investors can wait, but Liu Edong cannot afford to wait, because his JD.com consumes a large amount of money from his account every day and cannot make ends meet.

Chen Dong listened to Liu Edong's almost pleading complaint and was silent for a while. When he could hear the other party's heavy breathing, he finally asked: "How much financing does JD.com need this time?"

"$500 million should get us through this."

Chen Dong calculated in his mind that if he raised another US$500 million, his stake in JD.com would exceed 30%.

Liu Edong didn't know that Chen Dong's silence was to calculate the shares. He thought he had overpaid, so he thought about it and gritted his teeth and said: "Director Chen, if you think 500 million is too risky, 400 million should be fine. "

'At worst, I'll sell the house! ' Liu Edong thought in his heart.

As for some pessimistic investors who hope that he will declare JD.com bankrupt so that he can do actuarial calculations of assets, Liu Edong only wants to send them four words: Don’t even think about it.

"Five million, just five million. Brother Liu, are you in a hurry to use it? I may not be able to return to China until August."

"To be fair to Director Chen, it is indeed urgently needed, but there is no need for Director Chen to return to China. I will go to the United States to find you."

"That's okay, I'm in Los Angeles..."

The subprime mortgage crisis caused housing prices in the United States to plummet. Chen Dong originally wanted to buy an estate in Los Angeles, but the plan could not keep up with the changes, so he had to give up temporarily.

Of course, it doesn’t mean that raising $5 million for JD.com will wipe out Chen Dong’s wealth. It’s the remaining money that Chen Dong will use to hoard Tengxun’s stocks.

Although Tengxun is listed in Hong Kong, as an Internet company, it cannot escape the financial turmoil sweeping the world.

In fact, Chen Dong has been thinking about Tengxun since the year it first went public.

But at that time, he had just come back from rebirth and couldn't even get the money to make a movie. Naturally, he could only watch Teng Xun's stock continue to rise.

Until it rose to HK$74.87 per share at the beginning of this year.

But now, affected by the global financial crisis, it has dropped to HK$50.

And it’s still falling.

Chen Dongshengsheng heard a discussion from a friend who likes stock trading before. This year, Tengxun's stock price dropped to as low as HK$29.75.

It's almost the same price as when it first came on the market.

Of course, Chen Dong doesn't necessarily have to wait until it reaches the lowest point before entering the market. What if it doesn't fall to thirty because of his butterfly, right?
Therefore, Chen Dong's expectation is that as long as the price drops by about HK$40, he can notify Dongfeng Angel Investment to take action.

In fact, if you just want to make money, you can buy some stocks of companies such as Alibaba, Moutai, Baidu... these are familiar to future generations.

And they can all make a lot of money. Obviously Chen Dong's main purpose is not just to make money.

Frankly speaking, he did it for the Tengxun Video platform.

In a few years, a group of Internet people will enter the entertainment industry while waving money and big sticks, and then bring disruptive changes to their traditional film and television industry.

By then, offline TV will gradually be replaced by online video software, and the right to speak will gradually be in the hands of other platforms.

In order to avoid being stuck in the future, Chen Dong naturally had to make plans in advance.

If you want to ask why not build your own video website?
It's not that Chen Dong doesn't want to.

That's still too expensive.

Last year, Chen Dong teamed up with Wanda's Ye Ning and Guangguang's Wang Changtian to reluctantly support Fang Xinguo in launching Weibo.

If we build another video website that costs more money than Weibo, Chen Dong alone will not be able to make one movie a year, or even two movies.

Unless he lets Dongcheng Pictures go public and use investors' money to support the huge initial investment in the video website.

The problem is that once Dongcheng Pictures goes public, it will be hard to say whether Chen Dong alone will have the final say in the future.

Back to the question itself, Chen Dong laid out the video website in order to have a certain say in the future.

But if he loses the right to speak in the basic market because of this, then why should he bother?

Therefore, it was the easiest and best choice for him to take advantage of this financial crisis and quietly climb onto Teng Xun's ship.

Chen Dong suspected that Liu Edong bought the plane ticket as soon as he ended the phone call with him.

Because early the next morning, others had already appeared at the hotel where Chen Dong and his family were staying.

"Brother Liu should pay attention to rest. A good entrepreneur must also have a healthy body."

Chen Dong noticed that the hair on Liu Edong's forehead was turning gray due to worry, so he couldn't help but give a reminder before getting into the topic.

"Well, after years of hard work, there is a risk of bankruptcy at any time. I can't help but worry."

Liu Edong smiled bitterly at Chen Dong, then changed the topic and added: "But don't worry, Director Chen, my health is not bad. I have had physical examinations every year. I have no disease and I will not fall down easily."

Although Liu Edong was answering Chen Dong's question, what they wanted to express was different.

Chen Dong nodded and did not continue the discussion on this topic. Since Liu Haodong flew here from his motherland in just one night, it meant that he was very impatient. Chen Dong did not delay deliberately and directly entered the process of reading and signing the contract. .

This financing was completed in almost one morning.

After calculation, Chen Dong’s shareholding in JD.com has increased to 33%.

Even if the latter data will be diluted, Chen Dong is still the second largest shareholder after Liu Haodong.

"Why does Chen Dongqian still invest in Internet companies?"

The American media are reporting on the global financial crisis caused by their subprime mortgage crisis every day. Not to mention Liu Xiaoli, even Teacher Yang, who does not understand English, knows that Internet companies have the most bankruptcies on Wall Street.

Therefore, the two elders do not understand Chen Dong's investment in an Internet company at this time, even a domestic Internet company.

Miss Liu had already asked him the same question last night, and Chen Dong didn't even need to formulate words, he just blurted out his own explanation.

"Mom, this crisis is only temporary. Although Internet companies have been hardest hit, as long as they survive, they will soon usher in their dividend period."

"Son, how do you know what's going to happen in the future?" Although Chen Dong was very confident in what he said, Teacher Yang was still a little worried.

'Can I tell you that I am born again? 'Chen Dong and his wife exchanged a look, and the latter stood up and explained for him: "Mom, Chen Dong analyzed with me that the Internet company he invested in is really promising, and the other party's boss is still A top student of the National People’s Congress.”

Obviously Liu Yifei's words are more effective than Chen Dong's ten words.

(End of this chapter)