I finished my business with Sun Company, and before I knew it, September was almost over.
The situation in the United States is very bad now. The financial crisis has completely swept every corner of the United States. Even companies that have nothing to do with finance, such as Wal-Mart and Home Depot, have fallen under the explosion of subprime debt and other bonds.
Let alone Wall Street.
The economic depression seems to be a foregone conclusion, and no one knows when it will end.
The only thing we can do now is to tighten monetary policy and hold as much cash as possible in order to survive the crisis smoothly.
Money tightening by large companies usually means one thing, which is layoffs.
In just half a month, Wall Street laid off more than 5,700 people, setting a record since the Great Depression of the 1930s.
The Washington Post also published survey data showing that among U.S. companies with more than 1,000 employees, 86% have laid off employees or have plans to lay off employees. In the next three years, the unemployment rate among Americans will reach a new high.
Everyone knows that side effects affect each other.
The layoffs were in response to the financial crisis, but the panic caused by the layoffs exacerbated the financial crisis.
The three major U.S. stock indexes fell continuously, and bad news came one after another, which directly affected companies in the electronic network world as far away as Silicon Valley in the western United States.
The Internet has always been considered a rootless duckweed. Every time it encounters any disturbance, it will be unlucky.
This time it was a little better. After all, it was not like the Internet crisis around 2000, which itself was caused by the Internet bubble. It was a financial tsunami caused by finance, and the Internet was only affected.
But the problem is that after it is affected, the Internet will continue to fall according to the nature of the Internet which is not very resistant to suppression.
Whether it is giants such as Apple, Microsoft, Oracle, Amazon, etc., or small start-up companies, they will inevitably fall into a circle of falling stock prices.
Especially Apple, which has attracted the most attention recently. I don’t know if it’s due to lack of luck, or it’s the same as in the previous life. It plummeted by 20% in three weeks. Seeing this, Gang Leader Qiao felt that he was very angry.
But Xiao Qi took advantage again.
At the end of August, he signed a coolgame sales agreement with Bayeux Venture Capital.
Bayeux Venture Capital acquired 40% of Coolgame's shares in exchange for 10% of Cho Girl's shares in its hands and 10% of Cho Girl's shares in Amazon's hands, plus an additional $2 billion.
Then, thinking that the financial crisis was coming, Xiao Qi simply launched a complete sell-off in Silicon Valley.
He owns a total of 84% of the shares of Coolgame. Today, Coolgame’s games are top sellers both on Facebook and in the App Store. They have long been coveted by major venture capital companies.
In August, although the economic crisis was imminent, people in venture capital firms were not just thinking about the people in front of them.
In their opinion, although this financial crisis will have a negative impact on Internet companies, the root of the problem does not lie with Internet companies. Therefore, if they acquire shares of Coolgame, they will only survive a few months or a year at most.
The period of labor pains will lead to long-lasting gains.
In fact, the original version of coolgame survived like this in its previous life. Then it quickly entered a period of rapid development for several years before gradually declining due to inability to follow up.
I have to say that this long-term mentality of Americans is not unique to Buffett. In fact, everyone is not short-sighted.
Therefore, after Hoffman released the news, Xiao Qi's remaining 44% of Coolgame's shares were quickly snapped up by seven or eight venture capital companies.
Of course, Xiao Qi’s valuation of Coolgame is not cheap. He still valued it based on the total market value of US$18 billion given to Bayeux Venture Capital.
But a good company is not afraid of high prices. In everyone's eyes, Coolgame has many advantages. In addition, it is about to merge with Electronic Arts, and its future prospects are even brighter. Even if the price is higher, the future income will be very high.
considerable.
So almost all of them signed the purchase agreement before August 31st. Now the shares have been transferred and the first down payment has been paid. The total amount is about 3 billion US dollars, and the rest will be paid in
All must be paid within one year.
Okay.
As a result, the shares were transferred and as soon as they received the first down payment, Fannie Mae and Freddie Mac over there were completely in a deadlock. What followed was the collapse of Lehman Brothers, the acquisition of Merrill Lynch... a series of
After the incident broke out, the coolgame in their hands shrank by at least 10%.
Even if everyone was prepared, the loss would exceed 100 million US dollars in a short period of time, and they couldn't help grinning at this time.
But after all, it was Bayeux Venture Capital that came to the door first, and it was not Xiao Qi who actively wanted to sell, so everyone could only lament Xiao Qi's good luck.
Of course the boy's luck was very good, and he also directly took back 20% of the shares of the sexy girl.
From this, Tang Mingxiang finally mastered all the erotic girls again, which made Little Meiji, who was already pregnant with the child, as happy as a little girl. She even kissed Xiao Qi several times on the phone.
Xiao Qi was also very happy. After all, he finally fulfilled his promise to his wife and returned all the erotic girls she had worked so hard to create into her hands.
Tang Mingxiang's team also breathed a sigh of relief. The return of 100% of the stocks showed that they no longer had any restrictions and could free their hands and feet to do something big.
Thinking about it, it was hard enough for them. During the more than a year after Tang Mingxiang left, they were dealing with Tang Mingxiang's various investments, and on the other hand, they were also bystanders, watching the erotic girl.
Development gains and losses.
So they also held frequent meetings to discuss what they should do better than others and push the erotic girl to the top again.
In fact, the current situation of erotic girls is not very good.
Most of the shares were recovered, and starting in July, the management team began to manage Cho Girl again, but the losses were still serious, with monthly losses of up to 500 million US dollars.
Mainly because before selling the shares, Tang Mingxiang had taken too big steps and established channels in Europe and South America. However, these places were not so adaptable to the group buying model of erotic girls, and there were emergencies everywhere this year.
The situation was not good, so huge losses were caused.
The losses mainly come from the wages of more than 50,000 employees around the world, as well as server operation and other costs.
But Tang Mingxiang did not think the situation was serious.
Although the losses were serious, it is undeniable that the group of middle and high-level people who stayed in Chose Girl were still left over from Tang Mingxiang’s previous business. They have been implementing Tang Mingxiang’s policy of laying out outlets, and now they have completed the layout, and
It has strong popularity in Europe and the United States, but the popularity cannot be converted into profits for a while.
What she has to do now is to take advantage of the financial crisis to recommend various cheap and high-quality group purchases to housewives!
Yes!
It’s the housewives!
Whether in ancient or modern times, at home and abroad, the right to family expenses is in the hands of housewives!
You said that those super rich people with tens of billions of assets, although they are very cautious about their family property, do they still need the rich people to personally manage their daily expenses, family expenses, and these trivial matters?
Let alone ordinary people’s families. How about you try not to show your wife the household expenses? I guarantee you won’t even be able to get out of bed at night!
Women are careful, thrifty, and like to calculate, which makes them suitable for taking charge of household expenses, and they are usually the most suitable candidates.
Under the generally bad environment, not to mention the rich, women in Europe and the United States who are accustomed to using credit cards to shop will naturally live frugally.
They will walk more streets, try to find cheaper markets, visit more stores, buy cheaper clothes as much as possible, and even try to cancel family dinners. At most, they will find a place where they can eat well and cheaply.
.
And these things happen to be the advantages of group buying.
In the past, most of the group buying policies were for famous and good restaurants, but they were not actually very cheap.
So this time, starting from mid-August, after straightening out the company's relationships and connections, she asked tens of thousands of tasting inspectors to go to restaurants, shopping malls, grocery stores, and even directly find factories in the city where she was located.
, discuss group purchases of various daily necessities for food, clothing and housing.
Tang Mingxiang asked these stores and factories to try their best to provide low-cost and high-quality group purchases. They did not require so many fancy and so-called well-chosen materials. The items were strong and easy to use, and the food was sufficient and tasted decent. That was enough.
The key is that the price must be lowered and lowered again, and group purchases should be made with a gross profit margin of 3%-5%, striving for small profits but quick turnover.
Although the profit for each group purchase is very small, as the quantity increases, the profit will naturally increase.
Factories, restaurants and other places are having a hard time at this time. If there is this opportunity to make small profits but quick turnover, and make a small profit, and be able to maintain their own industry and survive this financial winter, that is really a dream.
I have to say that Tang Mingxiang's strategy is very powerful.
Xiao Qi gave her a thumbs up when he heard it.
Isn’t this how group buying in Europe, America and China became so popular in the previous life? (To be continued, please search Piaotian Literature, the novel is better and updated faster!