Rebirth of the Official Business Route

The glass-steel-shaped giant sailing building logo in front of the Dingda Building has become the building’s distinctive “shy”. This is not only the location of the Northern Company, but also the headquarters of the world’s first Chinese portal website, Quantum Online’s corporate logo. Blue is used directly. The sail-shaped icon is a symbol of sailing.

The news department produced the news feature "Internet stock market crash, crisis is coming" overnight, and the high-level officials of Quantum Online, such as Xiao Ma Xiangdong and Liang Wenjiang, looked solemn and couldn't relax. They got their ambitions when they were young and started a website when they were in college. With the support of Kumho, the website will gradually become the world's first Chinese portal, Quantum Online. And successfully listed on NASDAQ. At the peak of their career, the total market value of the company's stock held by the entire management was as high as $600 million, which became a sensational wealth myth. Fastest update of novel chapters

They have gone through the hardships and persistence of starting a business, have enjoyed the joy and missed points of success, and have not experienced the ordeal of setbacks. Quantum Online has lost its market value in two days. Somewhat caught off guard. Some hesitation about the future.

"It's so thunderous, I don't know if I can stop the decline tonight..." Ma Xiangdong patted Liang Wenjiang on the shoulder.

"The company's operations are business as usual. Two nights. The eight billionaires have shrunk. I couldn't think of it before." Liang Wenjiang said. "Fiction" novel chapters are updated fastest

"We didn't think we could get so much before!" Ma Xianglong laughed.

"Remember when I mentioned my life plan when I was showing a movie in the school's small auditorium? I was only planning to get the first pot of gold in my life before I was thirty. It's content to be a millionaire."

Even if the market value shrinks. The total market value of the stocks held by the company's management still exceeds $400 million.

For them who were still brats a few years ago. It's just wealth that you can't expect.

Rather than worrying about the shrinking of personal wealth, it is better to worry about the imminent Internet stock market crash and how Quantum Online will respond.

"The video conference is connected!" The administrative secretary is small. Ma walked in and told them that the video conference was ready. Ma Xiangdong and Liang Wendong walked into the meeting room, and all of Quantum Online's top executives in Beijing sat in the meeting room. Everyone is very familiar with each other. If you start a business together, you don't have a share of each other.

The meeting will not be very dull. Even in this situation, everyone is whispering to the sky. Joking with each other. It is still difficult to conceal the inner worries: if the Nasdaq index collapses, it will not be able to contain a rare stock market crash. What are they going to do?

The picture on the wide-screen plasma screen hung on the wall of the conference room is a slightly messy study room with no one in it. In the study, there are bookshelves full of exquisite porcelain against the wall. In front of the bookshelf is a red maple desk. The desk is filled with various pens and a wallet in a notebook, mobile phone, and a pottery pen holder. In addition to a few cards with exposed or golden or black edges, you can see from the display that there is only a ten-yuan banknote in the wallet, and a copy of "Golden Pavilion Temple" by Yukio Mishima.

"If Zhang Ke and I were left alone in a remote town without an ATM, I might be richer than him," Ma Xiangdong joked with Liang Wenjiang while pulling a chair, waiting for Zhang Ke to appear on the display. Today's meeting is to discuss the current crisis that Quantum Online is facing and the strategies to choose to deal with. Zhao Zhanglin, president of Oakland Venture Capital Fund, did not participate, but Zhang Ke personally participated. After all, it is not a formal board meeting. Nor did it notify other shareholders to participate on behalf of Jiang.

"It turns out that he also reads Mishima Yukio's novels. Isn't he a little fond of foreigners?"

Chief Financial Officer Yuan Pu has never had a chance to talk to Zhang Wei. However, as a senior manager of Quantum Online, many things are clear. The figure who built the Kumho economic empire in one hand is full of mystery before her eyes. She did not expect that his case would be randomly placed all day.

The picture shook, and a giant hand appeared on the screen. Then there is a pretty nose bridge, when the nose bridge occupies one-third of the picture on the forty-six-inch wide screen. No matter how beautiful the bridge of the nose is, it is very limited.

Everyone in the conference room was taken aback, watching the face occupying the display gradually move away from the camera. The whole display is on the screen before it adapts.

"Everyone hasn't slept in these two days, okay? See if everyone is slouched?" Zhang Ke sat down here honestly behind his desk and spoke to the camera. The picture and sound were all clearly transmitted to the display here. On the screen. However, Zhang Ke still held a mobile phone in his hand.

Ma Xiangdong exchanged glances with Liang Wenjiang. They knew that Zhang Ben had a spare cell phone. But the spare cell phone will always be in the assistant's hands. He has only one cell phone in his hand. If it is his one, which cell phone is on the desk? No wonder that phone is an eyesore. It turned out to be too delicate.

Ma Xiangdong said jokingly: "Ke Shao didn't sleep, right?"

At this time, a slender finger appeared on the screen. The finger pointed to the phone on the table. Zhang Ke picked up the phone on the table and handed out the picture, which is really a reverie: Who is the owner of the finger? I took a glimpse and saw the whole leopard. When I saw this tender jade finger, I subconsciously thought that the owner of the finger should be a stunning beauty.

Obviously, it is impossible for ordinary female staff to put their mobile phones on Zhang Ke's desk casually.

"You cousin. In your next life, let's pat on horseback." Wang Cailing leaned over and whispered to Liang Wenjiang. "I can remember that Tang Qing has always been in Hong Kong, and his two secretaries have also practiced in the headquarters." Liang Wenjiang smiled helplessly. He Xiaoxu often complains that the girls around Zhang Ke are too beautiful, which may not be a good thing, and so on. He can't gossiping to find out who the woman outside the camera is.

Zhang Ke's eyes saw the lens again. He seemed to realize that the female finger that suddenly appeared on the screen just now would cause some discussion, and he went directly to the topic: "The situation is not very optimistic. The plunge in these two days is likely to be just the beginning. Quantum Online's stock price is pressing every day. It’s 30 dollars per share. You have to be prepared for this. Quantum Online’s share price is likely to push the ten dollars per share line for some time in the future."

Zhang Ke's words shocked everyone present. A year ago, the opening price of listing on the Nasdaq was close to US$10 per share. It has risen nearly five times due to the new economic wave and the enthusiasm of bilateral agreements between China and the United States. Zhang Ke predicts that Quantum Online’s share price will soon hit. Back to the original shape, let everyone in this room if you're a little cool? No one has the mind to pay attention to Zhang Ke's romantic affairs. Ma Xiangdong Zhuan Wan "Is the crisis really so serious?"

"We can communicate without obstacles over thousands of miles away. It is all thanks to the telecom technology exhibition and large-scale telecom investment. It's just that the demand for communication at this level is still very small. It highlights the excessive investment," said Zhang Ke. "The vast majority of Internet companies are now developed in the mode of capital operation, and most of the operating capital is provided by venture capitalists. All of us who have a good understanding of the nature of venture capital know. How can this process be inhibited? What about the creation of bubbles? Well-designed lies, gorgeous packaging, repetitive and repetitive, blowing the bubbles incomparably huge, venture capitalists desperately promote the number of clicks on websites or the level of attention they attract. Investors ignore that what really should be concerned about is that there is a transition between a feasible business model and future profitability. These venture capitalists will slip faster than rabbits. The situation must be contained, unless these venture capitalists and those speculators do not Hold your ground."

"Isn't there?" Liang Wenjiang couldn't help but interject.

"The crisis is only at the level of the capital market. The excessive hype of the concept has created a huge bubble, but the actual application demand has continued to increase over the years, and it will continue to increase. After all. We are still on the right path. It is just that. Some struggles. Sooner or later, the turning point will come back, maybe two years or three to five years. The capital market is extremely dangerous, and it will not slip blindly. Too detailed forecasts are not a task that economic analysis agencies can complete. Ma Xiangdong puts his hand to his lips. This is his usual action when thinking. Zhang Ke’s prediction is sufficiently specific. Quantum Online is far from achieving profitability. The capital market is in crisis, and the door to refinancing will be closed. Quantum Online Can only rely on the existing financial support to the moment of profitability or wait for a turnaround.

Ma Xiangdong put down his hand. Smiled. Said: "Now I have to tighten my belt and live my life"

In Kumho's. After Quantum Online was successfully listed on NASDAQ. Still did not switch to the direction of radical investment. The biggest investment is to invest in the e-commerce website Zhuoyu. It was only two or three million dollars, and the financial situation at this time was still quite ample. Although the advertising business revenue cannot fully cover the expenditure, it is also in steady growth. The key is to tighten up at this time to prepare for a protracted battle.

Liang Wenjiang asked again: "When can I choose to increase my holdings?"

"It's too early to discuss this at this time." Zhang Ke said. "What I can say clearly here is that the venture capital fund’s lock-up period for Quantum Online’s shareholding will be extended for another two years. I will ask someone to fax it to you. I will announce the news in due course. It can be a little bit back. As for the situation. Whenever it is time to increase holdings, let’s watch the exhibition before discussing it."

Compared with institutional investors, management's reduction of holdings is more restricted. People like Ma Xiangdong and Liang Wenjiang can only reduce their holdings of a very small percentage of stocks each year. The reduction quota was used up long before the crisis broke. If you want to reduce all holdings. Then I can only resign all positions at Quantum Online and wait for six months or so. You can reduce all holdings without restriction-this is obviously not a feasible option. They can only sit back and watch their personal wealth shrink severely with the deep fall in stock prices. Due to the reduction of a certain percentage of individual shareholding at high positions, high-level private individuals such as Ma Xiangdong and Liang Wendong still have a lot of money, with a total of almost 40 million U.S. dollars. Compared with investments in other fields, they are more focused on their own ventures. Choose moderately to increase holdings. It can also enhance management's control over the company. However, it is also necessary to choose the right time to increase holdings.

The Oak Park Venture Capital Fund is only an institutional investor for Quantum Online, and it can immediately reduce its holdings with a single announcement. The only restriction is that the reverse operation is stopped within six simultaneous limits. Because the e-girls are related to the Oak Park Venture Capital Fund. Since Quantum Online's stocks were completely emptied in early April, the Oak Park Venture Capital Fund will increase its holdings and have to wait until the beginning of October.

Oak Park Venture Capital Fund abandoned its shareholding. Although the economy will suffer a certain loss. But to ensure the relative control of Quantum Online, ensure the stability of Quantum Online's management team, and ensure that Quantum Online is guided in the correct development direction. This is necessary.

The Shanghai Securities News and other major domestic financial media reported on the Internet stock market crash that was born outside the country. Internet concept stocks in the Shanghai and Shenzhen stock markets are full of grief.

"Finance New Weekly" published a report. It is pointed out directly that China's No. 1 e-commerce website enterprise defense partner, which has been piled up with a large amount of funds, is the largest Internet bubble in China, and Haisu Technology has an equity stake in Yincaihu. The market value was speculated to 167 billion, which is even more a bubble in a bubble.

"Finance New Weekly" runs every four days. The phone was traced and the report was finalized a week ago. Hurry to give Haisu Technology a sap during the stock market disaster. It is purely their bad luck.

Since the beginning of the year. There is a lot of debate about bubbles! It's just that the stock market has been advancing by leaps and bounds. Those voices claiming that there is a bubble in the Internet have always been small and have little influence, but at this time there is such a report. After passing through many portals, the impact suddenly increased.

As soon as the Shanghai stock market opened, Haisu Technology poured out a large number of sell orders, and the stock price hit the limit within a few minutes. There was a large backlog of selling orders. Not scaled.

"There won't be any big problems!" Hu Jinxing sat on the semi-arc light brown swivel chair and turned restlessly. The eyes seem to be staring at the LCD screen. He and Chen Yong were looking at the stocks in the manager's office of Chuangyu Internet Cafe, although he said lightly. But the huge deal still weighed on his heart, and he felt a little breathless. Yesterday was fine. They raised 30 million yuan from Yunlin Securities to invest in Haisu Technology. Yesterday, it also accumulated a profit of more than two million yuan, and it was vomited within a few minutes of opening today. Still lost tens of thousands. Even knowing that Horizon and Jingdian have planned for nearly a year in Haisu technology. Will never give up easily, Hu Jinxing always has some worries in his heart.

Can you invite Wang Haisu out for dinner? "Chen Yong's heart is even less at ease. Mu Zhigongchong has a closer relationship there. He still gets in touch with Hu Jinxing all day long. He didn't expect Haisu Technology to be involved in the past eleven. It has risen thirty times in a row during the month, and when they are determined to make a big deal, they have caused a global new economic stock market crash. Although it is too early to say that it is a stock market crash at this time, the aggressive media reports are shocking.

"There is nothing to worry about. I see if he has time to come out to eat together." Hu Jinxing picked up the phone and tried to call Wang Haisu.

Wang Haisu ** almost stuck to the chair, unable to leave the headquarters building of Haisu Technology at all.

The total market value of Haisu Technology was close to 17 billion at one time. Among them, the recent stocks are legal person shares with restricted listing and directional rights issue, and the market value of unrestricted stocks is 5 billion. The circulating market value of Haisu Technology stock held by a large number of linked accounts controlled by Horizon Investment is almost one billion. In other words, there are still 4 billion market capitalization stocks scattered in the hands of other investment institutions and retail investors. The external situation is fierce, and funds should not be used rashly to support the market. Always let the pressure vent off a bit before saying that it's just that I didn't expect the pressure to be so great. After the market opened in the morning, the limit-down quickly accumulated a backlog of selling orders with a market value of over 600 million. By three o'clock in the afternoon, the singles had accumulated a market value of one billion.

Even though it was predicted that there would be a lot of pressure before, I did not expect that the selling pressure would be so huge.

Three o'clock in the afternoon. The securities market ceased trading. Yan Wenge, Lin Xue, Xiao Wang Haisu, Liu Qijun, Zhang Wenxin, and several managers of the investment department held a strategy response meeting in the meeting.

"In another half an hour, the major European stock markets will start trading, and after the major European stock markets are closed. It will be the North American stock market's turn to open again. If there is no reversal news in Europe and the United States tonight, the order selling tomorrow will be even more turbulent." Liu Qijun analyzed. He hasn't closed his eyes for 40 hours in a row, his eyes are bloodshot, and his voice is a bit hoarse, "We now have only 500 million funds available, without the cooperation of media and public opinion. I am afraid it will be difficult to resolve the pressure. Lose"

"Tomorrow you still have to stand still?" Wang Haisu asked.

Lin Xue curled her lips in disgust. She could understand the truth, but Wang Haisu wanted to ask more if she used up her 500 million funds. In the future, it will fall into complete passivity. Now the major financial media are reporting the stock market crash. Even if it wants to create a favorable atmosphere of public opinion, it is impossible to be stubborn. If the pressure is too aggressive tomorrow, it can only be left alone.

"Tomorrow is the May Day holiday. The Shanghai and Shenzhen stock markets will be closed for nine days. Nine days have passed. No matter how turbulent the European and American securities markets are, they should take a sigh of relief." Liu Qijun ignored Wang Haisu's question and analyzed. "We should also make good use of these nine days"

"Well, I'll leave it to you here. I'll go to Beijing at night." Yan Wenjie decided. "Even if the media cannot be reversed, the water must be muddled. Most economists who are capable of muddling the water will gather. In Beijing. I have to hurry up and visit a few people. Of course. It’s not just our family who will see the situation continue to deteriorate.

Galaxy Securities is here. It's about to be entrusted to President Lin... "It's only more than 20 days, I just stare at them every day." Lin Xue said.

Liu Qijun said to Yan Wenjie: "Do you make more preparations for funds?"

When Wang Haisu heard Liu Qijun say this, he also turned to look at Yan Wenjie's face, and saw that he was touching his nose and thinking, knowing that he had no plans to meet. I won't say anything offensive.

Wang Haisu until the end of the meeting. I noticed that several missed calls were made by Hu Jinxing, waiting for Yan Wen and Lin Xue to leave the headquarters building. He only returned to the office to call Hu Jinxing. Through the floor-to-ceiling glass windows, Yan Wen and Lin Xue's cars drove into the software industry park. He went downstairs and drove to Xuefu Lane to find Hu Jinxing.

After all, Wang Haisu is the president of Haisu Technology in name. Meet Hu Jinxing and Chen Yong in the cafe opposite Neixianghou. They are sitting on the second floor.

Through the glass window, you can see the chen on the opposite side of the alley. The door hole they threw in the shadow that the setting sun can't shine is illuminated by the setting sun.

"What will happen tomorrow? If there is another limit, you will have to pay for what you lent us"," Chen Yong said anxiously, "We can only go to the Association to pay you. "

Hu Jinxing calmed down a bit. To put it bluntly, he and Chen Yong fought in Haisu Technology's stock in the periphery because he wanted to make some extra money. Even if there were some losses, he could bear it.

When Haisu Technology was established to build a software industrial park, his uncle Hu Zongqing took a considerable proportion of the shares in Haisu Technology in his name. Haipiao Technology went public on the backdoor. To avoid exposure. All shares in his name were transferred to Horizon Investment. In addition to the huge amount of funds in foreign exchange accounts. Yan Wenjie also let him directly work in Haisu Technology. He promised to distribute his personal shares in the name of equity incentive.

Even if there are billions of fortunes available in the future. However, with tight hands at the moment, Hu Jinxing wooed Chen Yong to fetch Haisu Technology stocks in the periphery to make some extra money. On the one hand, I didn't expect that Haisu Technology would make Horizons a lot of hype before. I felt that the previous allocation was a bit disadvantaged, so I wanted to get some compensation outside. Now even if there is a loss, it is just a little heartache. He doesn't think that losing millions of dollars is a loss now.

However, Chen Yong is pinning all his hopes of getting rich on this, and he is anxious. If there is another down limit tomorrow, they just want the strong man to break his wrist.

Tomorrow's operating tone has been determined. Unless there is a reversal in European and American stock markets. Otherwise, they will choose to continue to vent their pressure tomorrow. Wang Haisu doesn’t know how to comfort Chen Yong. If Chen Yong’s Laozi is not useful, he is too lazy to comfort him, saying: “The European market will start trading. Maybe there will be some good news. Passed over. Nasdaq has plummeted for two consecutive days, and it should be slowed down; even if the situation tomorrow is not optimistic, the domestic May 1st Labor Day will be closed for nine days, and the situation will ease after nine days." After a few sounds, a text message came in. It was a text message from the Ministry of Investment. The major European securities markets started trading, and the new technology economic sector was gloomy. There is a tendency to fall into a vicious circle. The downtrend is even more fierce than yesterday.

Wang Haisu accompany Chen Yong and Hu Jinxing in Xuefu Alley and briefly spent night Bian, and then went back to the Haisu Technology Headquarters Building to guard. At night the North American stock market imperial. From giving hope. The Nasdaq index showed no signs of cheer, and in the early morning, it fell again.

Network stocks have once again become the hardest hit area, and network stocks that have fallen more than Anhui are everywhere.

Quantum Online’s management and Oaktree Venture Capital Fund both announced that they will not reduce their holdings. "It just makes it look better compared to other online stocks. After all, Goldman Sachs, Walden and other venture capital funds that participated in Quantum Online’s investment together. At this time, you have to flee for your life. Everyone envied the ex in the past four, and at the same time resolutely emptied the shares of Asahi Wan shares Quantum Online, otherwise this time they followed Seilu to escape. Quantum Online's stock price will fall even more miserably.

In three days, Nasdaq, an indicator of the global new technology economy, fell to the ground. The wealth of more than 500 billion US dollars was wiped out in three days, and it was shockingly comparable to the 1997 Asian financial turmoil. The direct inducement of the Asian financial turmoil has been brewing for nearly half a year. The Nasdaq index capsized almost overnight. The superficial incentive turned out to be the public remarks of Federal Judge Thomas Jackson to the media that caused Microsoft's stock price to turn from bull to bear.

The major stock markets in the Asia-Pacific region, including the domestic Shanghai and Shenzhen stock markets, continued to suffer heavy losses. As soon as the opening of the market, Haisu Technology sold a single billion in market value and hit the limit.

"'"'"""'"'"'"'"'",",",".",,'""'Chen Yong wanted to cry without tears, from a profit of two million to a loss of four million but only two Days.

In the past eleven at the same time. He used inside information to speculate on Haisu Technology's stock without making a profit of one million, and he almost squandered it. I want to play a big game this time, but the deposit is also borrowed. Because of his hype Haisu technology is getting in the way. The principal doubled dozens of times.

Promising high interest rates, and bluffing outside in the name of Lao Tzu, naturally many people dared to lend him the coffin. It is also very convenient to raise funds from Yunlin Securities with a margin. As a result, it rolled to the scale of 30 million, and I wanted to earn a full 10 million and Hu Jinxing would add a five-pointer to the two of them. It would come as soon as the crisis was thought of, without discussing it at all.

The only thing that comforted him was the one billion bill. Even if Yunlin Securities wants to liquidate their positions, it is impossible. As long as they raise a margin, they will have the opportunity to reverse their capital. Horizon Investment will definitely take action. Chen Yong even wanted Hu Jinxing to ask Hu Zongqing, deputy secretary of the Municipal Party Committee, to intervene. Let Yunlin Securities not dare to close the position forcibly.

So much security deposit, except for the tens of thousands lent to them by Wang Haisu. He borrowed the others. At this time, Chen Yong was a little worried that Hu Jinxing would refuse to admit it, and sat in the manager's office for a long time. I didn't see Hu Jinxing showing his face, and I didn't know where the others had gone.

The phone rang. It's an unfamiliar number. Chen Yong answered the phone:

"Chen Yong, you said that Haisu Technology will definitely rise sharply, why did it drop two lower limits in succession?

I know that this matter is in a hurry, just let it be. Also, Uncle Wang, I have been a little tight lately. Can the 50,000 yuan lent to you be returned to me in advance? I don’t want the interest. "

"There are two stops, and you are afraid of Uncle Wang? Don’t wash out you who are not determined. When it rises sharply. You will become dragging resistance. There are some things I can’t say too thoroughly. . I have invested in it, Uncle Wang, even if you don’t want interest. I don’t have any money to pay you back now. Believe me or not, I won’t be able to see the result after Labor Day, what I can tell you now is. Tonight There will be important people who will stand up and support the Internet stocks!" Chen Yong dealt with and hung up the phone. Seeing that the red line on the trend chart continued to pull in a straight line, I took up the teacup in my hand and smashed it on the computer screen in an annoyed manner.

Hu Jinxing just opened the door and came in and was taken aback: "What are you doing?"

"It's okay, it looks dull! Most of the day. Where have you been?" Chen Yong asked angrily.

"What is your guilty conscience! What do you think I did? I called to my uncle's office for a long time. At Yunlin Securities, my uncle greeted us for us, and let us relax on the basis of the deposit already paid. Bai, as long as Haisu Technology does not come to two limit, we will not force liquidation." Hu Jinxing looked at Chen Yong coldly, very annoyed that Chen Yong had a temper with him. Said coldly. "Wang Haisu just got news. Wu Xiaobo, deputy director of the Finance and Economics Committee of the National People's Congress, will speak to support the domestic Internet industry tonight. What did you say I did?"

%..." Chen Yong is also young and vigorous. UU reading www.uukanshu.com can't easily wipe his face, Dao Qian, murmured a few words, and said: "I am also sitting here very anxious. Now that there is good news, I will be a little settled. Some"

"You just point out. Horizon and Jingdian are not worried about the hundreds of millions of transactions behind them, but you can't hold back here!" Hu Jinxing said with a low voice. In my heart, it was hard to get along with """""""""""""","",",","On the eve of May 1st Labor Day, Wu Xiaobo, deputy director of the Finance and Economics Committee of the National People’s Congress Network economy awareness, catalyzing the upgrading of traditional industries through the Internet, urging the information industry to synchronize with the world, and catalysing the creation of a national entrepreneurial cultural atmosphere-the positive role of the Internet bubble, denying the fact that the bubble has caused the domestic Internet to expand too quickly and is on the verge of a crisis.

Quantum Online announced the financial tightening policy on the page that night, and announced that it will implement a number of measures including reducing management salaries, abandoning new recruitment plans, planning to reduce the proportion of employees, and reducing administrative expenses to reduce the operating cost of the website. . A more clear-cut announcement of the arrival of the dot-com bubble crisis.

Quantum Online, as the first Chinese portal website and the first Chinese Internet company listed on NASDAQ in China, can almost be said to be the vane of domestic Internet companies. Quantum Online's financial shrinking measures attracted the attention of the media and the public, and quickly concealed Wu Xiaobo's influence. (To be continued