Chapter 116: Hundred Wet Puzzles
In August, the U.S. government took over the "two houses" and failed to give Lehman Brothers a chance to breathe, and Lehman Brothers had to take more measures to save themselves.
Since the beginning of the month, Lehman Brothers has frequently sent messages to the market that it wants to sell the company's asset management division and the company's assets worth tens of billions of dollars, and they hope to improve their liquidity through this move.
As Lehman Brothers continued to sell assets, market confidence in Lehman Brothers' financial situation fell to the bottom, and some institutions predicted that Lehman Brothers' net loss in the third quarter would reach $2 billion. As soon as this news came out, research reports from major Wall Street brokerages downgraded Lehman Brothers.
With Lehman's frequent hydrangea in the capital market, it finally attracted big buyers. The Development Bank of Korea has opened talks with Lehman Brothers about a stake, while the US private equity fund KK has also expressed interest in acquiring Lehman Brothers' asset management business.
After releasing a lot of information, Lehman Brothers finally gave himself a respite. During this period, Lehman Brothers' stock price has been stable, fluctuating between $18 and $20, which is the first time in nearly eight years that Lehman Brothers' stock price has fallen below $20, and compared with the stock price in April, it has almost halved at this time.
The average cost of holding a short position in Lehman Brothers was $35 at the beginning, and then the cost was slightly reduced after a second rebalancing, and if the position was closed at the current market price, the Panther Fund would have made a lot of profits.
Let's switch our eyes to China, this August, the focus of the Chinese people is on the Olympic Games.
On the track and field field, in the eyes of billions of Chinese expectantly, the Chinese flyer left the field at the last moment due to injury before the start of the race, leaving the world with endless regrets.
After 16 days of fierce competition, the Chinese delegation topped the medal table, and this Olympic Games left many scenes that can be recorded in history......
Just when the whole country was focusing on the Olympics, the IT industry issued a thing that Ding Le took very seriously.
At the beginning of August, at the Baidu World Congress held at the Modu International Conference Center, Li Robin, chairman and CEO of the company, was suddenly encountered by unknown people when he was giving a speech, and splashed water on his head. Li Robin was stunned for a moment, and then asked in English, "What's your problem?".
The intruder was subdued by security guards and sent to the police, who found that the intruder had premeditated and made the harassment public on the Internet through his blog.
After this incident, before it could attract the attention of the public, it was overwhelmed by the good news of the successful convening of the Olympic Games.
Mr. Robin's accident made Ding Le deeply warned, what if the perpetrator used sulfuric acid, it is unimaginable, he felt that he needed to strengthen the security measures around him.
Moreover, with the improvement of the popularity of Jumei.com and Qiandai.com in the industry, the company's internal safety and security work should also be paid attention to.
Thinking of this, Ding Le picked up the phone and called Xu Jing, Jumei Technology and the Public Security Bureau of the High-tech Zone have formed a police-civilian cooperation unit, and now they can make full use of this channel.
And Xu Jing's driver Xu Rui was born in the army, although he himself is a car soldier, but his unit is the main field corps, and it is also a good choice to recruit some outstanding retired soldiers through him.
"You contact Team Wang to see if the police have any professionals in this area, we are looking for a high salary!"
"In addition, let Xu Rui take the lead in recruiting some outstanding retired soldiers in the army, you also have a security guard, and you also need the money bag net and my side!"
"I'll ask Xu Rui to hurry up and implement it and give you good news as soon as possible!" Xu Jing replied simply on the phone.
It is nothing new for well-known personalities to be attacked in public, and even US President George W. Bush has been attacked by flying shoes in Iraq. But it's clear that this time Lee Robin was far less fortunate than President George W. Bush.
"In my opinion, Baidu's things are both accidental and inevitable, the theme of their world conference this year is marketing, technology is no longer their belief, and the company's values have gone wrong!" Xu Jing said on the phone about her understanding of the matter.
Ding Le was very surprised that Xu Jing's views on this matter had risen to the level of corporate values. Indeed, values are the foundation of the survival and development of an enterprise, and when your direction and starting point deviate from the right track, no matter how good your performance is, it is impossible to win praise.
Advertising-oriented and marketing-oriented bring good profits to Baidu, and you can't say it doesn't make money. But through all this, who exactly is Baidu's technology for? I'm afraid no one can give an answer.
There is no doubt that making money is the purpose of the existence of a business, but it is not for the sake of profit that you can make money. Any great enterprise must have its own set of values and belief system, and every step of enterprise development is the practice of this belief.
If the values of a company are vague or absent, then no matter how it develops, the company will never be great, which is why Baidu's market value and reputation are not as good as Ahri and Penguin.
The two talked back to Jumei Technology itself from Baidu, although Jumei Technology was established not long ago, but in terms of corporate values, it has been unique.
At Ding Le's suggestion, Xu Jing took a series of measures against Lemad.com, which was in the initial stage of entrepreneurship, and the sales performance of the website began to stagnate.
In nature, the survival of the fittest, the victory and defeat on the battlefield, and the same is true of commercial competition. Xu Jing has run a restaurant for many years, and she is naturally no stranger to the business routine.
Xu Jing's decisiveness in business far exceeded Ding Le's expectations, and it was no accident that she independently supported her restaurant to become the leading restaurant in Taiping Town in those years.
Ding Le is very confident in Xu Jing's management ability, and in comparison, Fei Yang and Chang Dong still need more guidance and guidance from him.
After inviting Professor Lang to the platform, Qiandai.com ushered in a wave of blowout market, and the number of trading customer registrations reached a new high, crossing the level of 200,000 in just one month, and going straight to 500,000. The short-term investment targets listed on the website are always sold out.
Although the development of the website is gratifying, through the data, Ding Le still found some clues. In contrast, investments with a maturity of 1-4 months are more popular with investors, while those with a maturity of more than 12 months are less desirable. As a new thing, the public lacks enough trust in the money bag network.
In order to avoid asset mismatch, how to encourage and guide investors to buy medium and long-term targets?
At present, there is no clear launch mechanism for Qiandai.com, if investors want to withdraw before the underlying asset holdings expire, how to solve it?
The current product model of Qiandai.com is relatively single, and it is easy to be imitated and surpassed by latecomers, how to further enhance its competitiveness and maintain its industry-leading advantages?
Ding Le recorded all the problems found in detail and sent them to Fei Yang and Chang Dong, which required the two to come up with solutions as soon as possible. As early pioneers in the industry, they don't have more and better imitation objects to learn from, and everything can only be explored on their own.