After some rain and rain, Xu Jing introduced the latest development of Jumei Company to him. Jumei Company was founded, Xu Jing strictly followed the strategy formulated by Ding Le, and the progress of product channels and website construction exceeded Ding Le's expectations.

After preliminary negotiations with the purchasing team, Jumei's products stored in the warehouse in Haizhou cover mainstream brands such as Shiseido, Lancôme, Estee Lauder, L'Oreal, Olay, Maybelline, etc., including makeup, perfume, skin care and many other products. Logistics warehouses in several first-tier cities are also in the process of preparation.

For the company's website, in order to improve the user experience and allow users in various regions to access the website quickly, Jumei has adopted the solution of distributed deployment of data centers, and the IT department has sent teams to build data centers in node cities in several major regions of the country, and deployed servers to provide technical support for the continuous expansion of the national business in the later stage.

Jumei company start-up, Ding Le learn from the development model of Jingdong and Dangdang, take the route of heavy asset investment, the rapid expansion of the company in the early stage needs a large amount of capital as a guarantee, the company's website has not been officially launched, and the registered capital of 5 million US dollars invested in the early stage has little left.

Talking about the problem of funding, Xu Jing said worriedly: "According to the current expansion progress, the remaining funds in the company's account can only last for a month. ”

Regarding her worries, Ding Le waved his hand and said confidently: "I will solve the problem of money, you will let the finance formulate a detailed use plan tomorrow, and accurately count how long the funds in the account can be maintained. ”

Ding Le thought that the time had entered March, Bear Stearns fell from the altar and went to destruction in just a few days, after the short position of the Black Panther Fund was closed, even if their profit was only 10%, it would be able to squander Jumei for a while.

As long as Jumei.com is online, Jumei has the function of self-hematopoiesis and forms its own cash flow, considering the vigorous development of e-commerce in the next few years, the company's survival is worry-free. So Xu Jing's worries are stressful for him.

After talking about work, at eleven o'clock in the evening, Ding Le was kicked out of the house by Xu Jing again, even if he worked hard in the bath, he still failed to get the approval of the hostess.

On the night of March, the spring is cold, and the moon is in the middle of the sky, and the bright moonlight shines through the trees, falling mottled black shadows. Ding Le rubbed his hands in the cold.

Ding Le returned home, no sleep, thinking of promising Xu Jing to raise funds as soon as possible, he simply made coffee, turned on the computer, and began to pay attention to Bear Stearns' stock price

He opened his mailbox, and there were more than 10 unread emails from Xia Xiao, all of which were feedback from the Wall Street market to Bear Stearns.

After reading it, Ding Le was more sure of his judgment, Bear Stearns will fall off the altar in the coming week, and the early layout of the Black Panther Fund can be closed.

Thinking of this, Ding Le picked up the phone and called Ding Jianye, he must be watching the market at this time.

"Ah Le, is Bear Stearns going to be finished? In the past few days, the number of short orders in the market has skyrocketed, which is unbelievable!"

Ding Jian said in a high-pitched voice, the market in the past few days has kept him in a state of excitement.

"In my judgment, next week will be the fateful week of Bear Stearns, and even if he doesn't go bankrupt, the stock price will collapse to unbelievable proportions, and you must be prepared to liquidate at any time. ”

"Don't worry, now we only squint for a while during the day, and the rest of the time is staring at the plate, just waiting for your signal!"

In his previous life, Bear Stearns' stock price once fell below $5, and now he needs to wait patiently for a few more days.

On Monday, March 10, before morning trading, Wall Street rumours about Bear Stearns were no longer hiding in a dark corner, but leaping to the surface. Rumors in the market that "Bear Stearns may have a liquidity crisis and creditors will be forced to liquidate the company's investment assets" have quickly become a topic of discussion in the Wall Street Journal and other American media.

On Wednesday, March 12, Bear Stearns' CEO Alan Schwartz spoke on CNBC to reassure investors, saying that the company is currently liquid and expects the company to be profitable in the first fiscal quarter.

Schwartz's speech didn't have any effect, and more lenders and asset management clients began to withdraw their money from Bear Stearns, and Bear Stearns' stocks and bonds were heavily depreciated in the market.

On Thursday, March 13, Bear Stearns saw a run on customers, with more than $17 billion of entrusted assets redeemed by customers, and a large number of institutions with huge redemption orders, and Bear Stearns' excess liquidity quickly dropped from more than $20 billion to about $3 billion. Dominated by market panic, Bear Stearns' liquidity was quickly depleted.

In the most recent period, Bear Stearns borrowed $10 billion to $20 billion a day, but the market has taken a sharp turn for the past two days, and tomorrow the company will have to borrow $14 billion to stay afloat. In addition, more than $10 billion of debt must be rolled over, or a revolving loan.

On Friday, March 14, Wall Street was shocked by the news that Bear Stearns needed rescue financing, and the Dow fell more than 300 points at one point during the session.

In the last hour of trading, Bear Stearns' bonds fell 60 cents from 70 cents, while Bear Stearns' stock fell $27, or 47%, to $30 from $34 before the close.

Bear Stearns became the protagonist of the most shocking negative news in the year since the credit crisis, causing the biggest one-day gain in US stocks in five years this week.

At an emergency meeting held on the same day, the Federal Reserve Board of the United States decided to let the Federal Reserve Bank of New York provide emergency funds to Bear Stearns, the fifth largest investment bank in the United States, through **** bank, in order to alleviate the company's shortage crisis. This is also the first time since the Great Depression in the United States in 1929 that the Fed has provided emergency funds to non-commercial banks.

On Saturday, March 16, after the U.S. Federal Reserve (Fed) made an emergency move and agreed to "wrap up" $30 billion to support the U.S. **** company, **** company immediately announced that it would acquire Bear Stearns, which was on the verge of bankruptcy in the subprime mortgage storm, with a total value of about $236 million (initial proposed price of $2 per share).

The purchase price was one-third of Bear Stearns' share price when it went public in 1985, a far cry from its peak of $159 in 2007.

U.S. Treasury Secretary Paulson said in a television interview on the same day that the Fed has taken appropriate action to work with market participants to minimize the impact of the financial crisis. The Federal Reserve bailed out Bear Stearns, thus avoiding possible greater damage to other financial firms and the U.S. financial system.

On Sunday, March 17, after a meeting with President George W. Bush and his economic advisers at the White House, US Treasury Secretary Paulson told the media that ensuring the orderly operation of the US financial market is the top priority at present, and that it is better to arrange for Bear Stearns, the fifth-largest investment bank in the United States, to file for bankruptcy. To facilitate the deal, the U.S. Federal Reserve pledged to fund Bear Stearns' "illiquid assets" with no more than $30 billion.

This week, Ding Le focused most of his energy on Bear Stearns, so much so that he didn't bother to ask Fei Yang to report that he had preliminary contacts with several real estate developers. He always pays close attention to Bear Stearns' progress, and the domestic news media's reports on Bear Stearns are also full of eyeballs and dizzying.

Over the weekend, after seeing the U.S. Treasury Secretary shouting through the news media for two days in a row, Ding Le felt that the time was ripe, so he contacted Ding Jianye in Hong Kong and asked him to close the trade on Monday.