"Baili Group Announces First Quarter Financial Statements, Profits Fell Sharply......"

"The bubble of the Internet industry burst, and Baili Group was not spared ......"

"Longteng e-commerce system upgraded, Baili Group encountered an unprecedented crisis......"

Whether it is domestic or foreign media, there is a lot of negative news about Baili Group.

Moreover, these news are analyzed from a professional point of view, analyzing the crisis that Baili Group is currently facing.

Not optimistic, no one is optimistic. Especially after the upgrade of Longteng's e-commerce system, everyone is even more optimistic. Longteng Group has also announced a series of policies, especially for the layout of overseas markets, and some overseas markets of Baili Group have also become the focus of Longteng Group to open up new markets.

Fangs, in the eyes of outsiders, Longteng Group once again showed its fangs to Baili Group. This is not surprising to everyone, after all, one mountain cannot accommodate two tigers.

At present, the domestic retail industry, Longteng, Baili, and iFLYTEK are the three giants. However, in recent years, the market share of Longteng Group has been expanding.

Whether online or offline, Longteng Group is expanding. On the contrary, the market of Baili Group and iFLYTEK Group is being swallowed up by Longteng Group little by little.

In the face of the giant Longteng Group, Baili Group and Xunfei Group are really a little overwhelmed. No way, the benefits that Longteng Group gives to employees are too good.

As a result, the service of Longteng Group is particularly good, especially in offline retail stores, which everyone has a deeper understanding. And the offline retail stores of Baili and iFLYTEK have much worse service.

Therefore, in head-to-head competition, Baili and Xunfei can't compete at all. They don't dare to play a price war, so now they can only hide from the Longteng Group.

Such a situation naturally makes investors not optimistic about Baili and iFLYTEK. After the upgrade of Longteng's e-commerce system, the stocks of Baili and iFLYTEK once again had a big turmoil.

Baili Group and iFLYTEK Group have also been meeting continuously in the past few days. The purpose is to discuss how to face the future, and at the same time discuss how to transform.

Secretly, Zhang Fan and Ma Baili continued to repurchase shares through capital operation. In order not to attract attention, the two even used their network to let some other companies enter it to help them buy back.

For such a busy, those people are naturally willing, after all, the money is Zhang Fan and Ma Baili, and they are just doing a favor and changing hands.

The funds mobilized this time were very large, and Zhang Fan also mobilized the funds he could mobilize. These funds are not much pressure for Zhang Fan.

Now Zhang Fan's liquidity is very large. Zhang Fan's hands and feet were weak because of the stock market crash, and coupled with the company's liquidity, Zhang Fan can mobilize more than $500 billion in liquidity.

So it's still easy to buy back those shares. And the funds that Ma Baili can use are not much. can only borrow money from Zhang Fan, use the company's shares as collateral, and use the company's dividends to repay the money in the future.

This time, Ma Baili owed Zhang Fan a great favor. For anyone else, it would have been impossible to do so, after all, the funds were too large.

Through this incident, Ma Baili also saw Zhang Fan's courage. Ordinary people don't have such courage, and they can't afford to play it.

But Zhang Fan dared to play, for Zhang Fan, this money was lost. However, this money also returned some interests, which are the shares in Zhang Fan's hands.

Forty-nine percent of the shares, which are non-dilutable shares in the future. Even if Baili Group is listed again in the future, Zhang Fan still has so many shares in his hands, and dilution will only dilute the shares in Ma Baili's hands.

Time flies, and in the blink of an eye, it's mid-May. These two months have been like a dream for many people.

Especially for the Internet industry, it has experienced an unprecedented winter. The market value of the global Internet industry has evaporated nearly $5 trillion in just two months.

Global stock markets are not having a good time either, with many countries almost collapsing. Even U.S. stocks have suffered heavy losses, and some countries have been almost bankrupt by financial predators.

The global economy has been looted by some, with preliminary estimates suggesting that nearly $10 trillion has been looted in two months.

This has caused another catastrophe for the already sluggish global economy. Countries are also trying to find new ways to reinvigorate their economies.

In this stock market crash, Huaxia became the biggest winner. As for how much it won, only insiders know, but from the attitude of various countries towards China during this time, we can know how much China has won.

In two months, Longteng Group has experienced a crazy expansion. Especially when it comes to social systems. At present, QQ has become the world's largest social media.

The number of QQ downloads worldwide has exceeded 2 billion. This number is very scary. This means that one out of every three people is using QQ.

Especially among young people, QQ has become everyone's social software of choice. With the expansion of QQ, the huge support base has been transformed into a strong consumer group.

The sales of many products under the Longteng Group have skyrocketed, and the soaring profits have made many companies blush.

Compared with the high-spirited Longteng Group, other Internet industries are not very sluggish. Twitter is basically completely finished, and after being shorted by capital, Twitter is now preparing to file for bankruptcy.

Amazon in the United States has also been hit hard. In just two months, the market value plummeted by 40 percent, and the stock evaporated by nearly 400 billion.

Amazon's market capitalization once exceeded $1 trillion, but now it has only $600 billion left. Two months also took the Amazon from heaven to earth.

Baili Group's stock evaporated again, falling from $200 billion to $175 billion. The market value of iFLYTEK Group has fallen even more, it has fallen to $100 billion, and it will fall below $100 billion again.

Other Internet companies are similar, all falling sharply. The worth of many wealthy people has shrunk dramatically. There are also some super-rich who go bankrupt directly.

The tide receded, and it was directly visible who was naked. And it is not only the Internet industry that has suffered, but also the global real estate industry.

The dire economic situation has left countries looking for new ways out.

On May 17, Baili Group held a press conference at its headquarters in Hangzhou. Many media reporters have been informed, and everyone is also very curious about this press conference.

At eight o'clock in the evening, Ma Baili appeared at the press conference. With a smile on his face, he couldn't see any loss. In the past two months, his worth has shrunk a lot, but Ma Baili doesn't care.

Because in these two months, he and Zhang Fan have completed their tasks. Through the efforts of this time, all the shares of Baili Group have been returned, and Baili Group has completed privatization, which is a new starting point for Baili Group.