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Chapter 276 Short-term Speculators

"Hello, I'm looking for your boss, Mr. John."

In the Rockefeller Center Building, Chen Weidong stood at the front desk, raised his hand and pointed upward, indicating that he was looking for the top talker.

Before coming, he roughly estimated that John Rockefeller Jr. should be here. It was rumored that he didn't like to move around.

"I'm sorry, sir, do you have an appointment?" A blond female employee wearing black business attire and smiling faintly asked politely.

"No, I'll make an appointment now."

Chen Weidong and the others had just arrived in the United States a few days ago and were unfamiliar with the place. How could they contact Rockefeller? Naturally, they did not make an appointment.

"If you don't have an appointment, please fill out the form here. If Mr. John has time, we will notify you again..."

"Thank you. There is no need to fill out the form. I will be staying in New York in the past few days. Can you convey a message to me?"

"Of course, please tell me."

"Beautiful lady, please convey to me that there is a short-term speculator from China who wants to visit him." Chen Weidong showed a faint smile and explained his request to the female staff.

"Okay, but I can't guarantee whether Mr. John will see you." The female staff member nodded very seriously and recorded the matter in her notebook.

The Western woman who was in charge of the front desk was very polite. After she finished recording, she smiled and said: "If you stay in New York during this time, maybe you can go to the trading floor next to it."

"Thanks."

Chen Weidong smiled at her, and then wandered with Li Yun and others on the first floor of the Rockefeller Building. As the headquarters of the Rockefeller Foundation, the decoration here is very luxurious and the space is huge.

As we continue to delve deeper, we can already see that some scattered investors are analyzing and operating various financial products.

It looks like a stock exchange.

In fact, the Rockefeller Group is involved in a wide range of industries and is also engaged in brokerage work, which can help some companies go public and raise funds.

The financial industry in the United States is highly developed, and financial-related things can be seen everywhere. Large-size display screens are installed on the surrounding walls, which display stocks listed on Dow Jones and Nasdaq.

Chen Weidong looked up and saw the stocks of NetEase, Sina, and other Chinese Internet companies.

These companies have been on the market for about a year and are relatively new companies.

The reason why it is not listed on A-shares is because the threshold for listing on A-shares is relatively strict, and it will take at least 1-3 years, and you have to queue up and go through various audits.

But on Nasdaq, it only takes 6-9 months to complete the listing.

In addition, the capital capacity of the U.S. stock market is several times that of Huaxia and Xiangjiang. It can not only increase the visibility of the company, but also obtain more financing.

In the early 1990s, China's capital market was just getting started, while the United States, on the other side of the ocean, had been playing for more than a hundred years.

Many people would never imagine that the money that attracts global investors to the United States starts from state-owned enterprises.

For example, Brilliance Automobile is the first Chinese company to be listed in the United States.

….

Later, Tsingtao Beer, Donghai Petrochemical, and other state-owned enterprises began to go overseas one after another.

At that time, the China Securities Regulatory Commission had just been established. Taking advantage of the accelerated restructuring and listing of state-owned enterprises, it approved a number of large companies to list overseas.

Since then, large state-owned enterprises in various infrastructure and public utility fields have also begun to list in the United States, gaining capital from the United States and even the world.

Among them is PetroChina, which everyone is familiar with.

But it is China’s Internet companies that have truly earned their reputation as “Chinese concept stocks.”

Around 2000, Chinese Internet companies were ready to take off.

But everyone on the Internet knows that the characteristic of this industry is that there is no traffic, and it is difficult to make a profit in the early stage. It even requires a large amount of money.

amount of capital investment.

Funding is particularly important for Internet companies.

Financing is like two armies seizing the top of a hill. Whoever climbs up first can set up machine guns and sweep across the other side.

But when Sina Company found a bank and wanted to borrow money, the bank came up and asked: Is there anything that can be pledged?

Apparently not.

As a news portal, banks do not recognize your number of users/traffic, they prefer items with physical value, mortgage loans.

What should we do? Find venture capital?

At this time, there were not many institutions engaged in venture capital in China, and they were far less courageous than foreign capital institutions.

Going public?

They simply do not meet the listing requirements for A-shares.

Because in order to be listed on the A-share market, a company must make profits for three consecutive years.

At this time, in 1999, the New York Stock Exchange lowered the listing threshold and allowed unprofitable companies to go public.

This has led many Chinese Internet companies to choose to go public in the United States.

In April 2000, Sina was successfully listed on Nasdaq in the United States. At that time, Nasdaq was in the midst of a huge turmoil. The stock prices of Internet companies such as Intel and Microsoft fell again and again, and their market value was almost cut in half.

However, this stock from China soared all the way up, once reaching US$50 per share!

The door for Chinese Internet companies to go global was suddenly opened.

Soon, NetEase and Sohu were listed in the United States one after another, and China's three major portals gathered in the American capital market.

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The large-screen advertisement in Times Square in New York has been occupied by Chinese companies, and even the price of advertising has increased several times.

However, for some reason at this time, these Chinese concept stocks are constantly falling, and the trading volume continues to increase.

Anyone with trading experience knows that this is a sign that intraday funds are fleeing.

"Shit!"

One of the investors who held NetEase stocks cursed loudly in the face of the upcoming sharp drop and immediately wanted to cut off his stock and flee.

At this moment, Chen Weidong and his group happened to come over.

Just taking a look at the trend of the K-line chart, Chen Weidong said: "Hey, I think you can take advantage of the big drop now to buy more chips."

Since his rebirth, in addition to some original memories, Chen Weidong's mind has become more and more sensitive to trend operations.

Usually when his brain is not functioning, he doesn't feel anything, but as soon as he sees the K-line chart, he can quickly make accurate judgments.

It is now September 2001.

The Internet bubble crisis has gradually passed, and the Nasdaq index has almost fallen.

Many stocks, such as Microsoft and Internet companies, have begun to fluctuate and bottom out. Logically speaking, there is not much room for decline.

But today, NetEase's stock took an uncharacteristic plunge and continued to plummet.

Many investors who bought NetEase's shares were frightened and confused, thinking that there was something abnormal in the company's business or finance, and they chose to leave the market.

"Hey, who are you?"

The young man with brown hair had suffered heavy losses when he bought the shares of Huaxia Company, and he was already feeling angry.

Now he turned around and saw several yellow-skinned people standing behind him, and their expressions suddenly became a little fierce.

A reborn god-level trader.
Chapter completed!
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