Chapter 297: Iceland goes bankrupt

Time Company also has a not-so-well-known Time Wallet, whose market share is not the same as Alipay, but it still survives strongly. Due to the time friends and time games and the involvement in various trading platforms, it has become a third-party payment tool. The market share of Time Wallet still exceeds that of Penguin Tenpay. If you add the overseas market, the gap between Time Wallet and Alipay is not as big as imagined.

As an international high-tech company that is no stranger to finance, Time Wallet has played a key role in earning foreign exchange and withdrawing cash for domestic game developers and crowdsourcing platform workers. In particular, the open platform of Friends.com, due to the addition of overseas markets, the number and quality of developers far exceed that of Facebook and Penguin QQ. Moreover, with the promotion of the Time Games platform, the overseas market for stand-alone games has been opened again, and domestic developers have become more passionate. You must know that there is no shortage of talents in China, what is lacking is vision and opportunities. In the era of mobile Internet, a game company called Zhixingtong, which has just been established this year, seems to be "The Conflict of Nations?", and more than 70% of the company's future revenue comes from overseas, which shows that it is not unthinkable for Chinese people to develop a game with international influence.

Under the guidance of Zhou Shi, Rongcheng's Time Game is developing stand-alone games such as Plants vs. Zombies and Minecraft, and if it succeeds and is released exclusively on the game platform, it should attract a lot of new users, right? Time Games is also preparing to acquire Daewoo Consulting or Softstar Technology of the Fairy Sword series, but I don't know if it can succeed. This group of poor people made a good game (Sword and Fairy Online) half dead, and it's angry to think about it.

Having said that, Time Wallet is also connected to Excellent Amazon, and there is no cooperation with Dangdang, Time Youpin is only just developing, and JD.com's growth is good. With Liu Dong's ability to invest now, he will not suffer a loss.

JD.com, which was almost in a desperate situation, did not refuse Li Ying and Shishi's investment capital, and their conditions were not harsh, and the negotiations between the two sides went smoothly.

There is nothing Zhou Shi looked at all kinds of private jets, whether it is Boeing, Airbus or other regional aircraft manufacturers such as Bombardier, D, there are no decent private jet manufacturers in China, otherwise buy domestic goods!

Compared with the Gulfstream 550, Bombardier Global Express, Boeing 737, Airbus A319CJ, etc., it is the cheapest for Airbus, but Zhou Shi still chose the Gulfstream G550 business jet, which is one of the top international long-range jet business jet models, with a range of 11,686 kilometers and a maximum cruising altitude of 15,545 meters. The main reason is that there are many people who buy it, relatively speaking, the technology is very mature, Zhou Shi did not choose the latest model, for him, safety is the most important. What's more, there is no need to wait in line, you can also get discounts, the financial crisis is worthy of the golden age of luxury consumption, and even luxury car brands like Porsche are in danger of losing money. It's a pity that Zhou Shi has no love for luxury cars, so he will buy brands such as Rolls-Royce at will to fill the façade.

In addition to buying a car and a plane, Zhou Shi also has to buy houses around the world, buy jewelry, jade and antiques, and buy everything he can think of. Just as his plan was being implemented, the shocking news came that Iceland, a small Nordic country, had gone bankrupt!

"How did the country go bankrupt?" Zhou Shi looked for someone to solve his puzzles.

"Iceland's three largest banks now have more than $100 billion in external debt......"

MD, Zhou Shi only knew that Iceland has a population of only 320,000, but its per capita GDP is the fourth in the world, and it was rated as the "most livable country" by the United Nations in 2007, and even in the 2018 World Cup, an amateur national men's football team here also played in the World Cup in Russia, which is something that the Chinese men's football team with a population of more than one billion people cannot do. Even the professionalism is far inferior to the footballers of this amateur team.

Forget about the national football team, back to the topic of Iceland. In recent years, the Bank of Iceland has attracted a large amount of domestic and foreign capital, as well as a large number of overseas assets, which eventually led to a rapid expansion of debt. Iceland's GDP in 2007 was only $19.37 billion, but its external debt was more than $138.3 billion, which is equivalent to $370,000 per Icelandic citizen's debt of about 320,000 people, and the total debt is as high as 850% of GDP. A large number of Icelanders bought private jets and bought third homes in London and Copenhagen. For his birthday, an Icelander even invited Elton John, a famous British singer, songwriter, pianist, and actor, to sing two songs for him – for $1 million.

MD, compared to them, Zhou Shicai looks like the one who went bankrupt. There are not many happier places in the whole of China than them. Bankruptcy is a hundred times more comfortable than the life of the Chinese people, and Zhou Shi feels that he is really not qualified to sympathize with them.

In the next few days, the Icelandic government took over the second, third, and largest banks in the country. Lacking sufficient support in the market, the central bank of Iceland also abandoned the fixed exchange rate of 131:1 krona against the euro and allowed the krona to float freely, which immediately depreciated sharply. The Icelandic government was forced to pledge that all Icelandic residents' savings would be guaranteed by the government, making it the first country in Europe after Ireland, Germany, Austria, Greece and Denmark to guarantee their savings deposits.

Currency depreciation is always a good opportunity to buy assets, although Iceland doesn't have many resources, so it has advantages in fishing, iron ore and geothermal, and tourism is also a good option, maybe this is where the Lehman Brothers group can go to pan for gold?

Zhou Shi was busy divergent thinking and imagining the future, and before he knew it, the earthquake relief summary and commendation meeting was over, and the celestial gossip and time friends were all commended, but Zhou Shi did not have the opportunity to appear. I wanted to leave after the meeting, but I was left behind again.

"The big guy has something to look for me?" Zhou Shi asked humbly

"How much money do you have?" asked Big Guy Xi curiously

"It's not much, it's just one or two tens of billions, right?" I don't know the specifics!" Zhou Shi

"One or two tens of billions? Who are you fooling, there are 30 billion deposits in Huaxia's banks!" Boss Xi was very dissatisfied with Zhou Shi's perfunctory.

"I'm talking about dollars!" Zhou Shi replied casually.

"Dollars?150 billion soft girl coins!" "Big guy Xi, how can such a little kid make so much, God is really unfair. How can I ......

"It's nothing, it's not enough to want to do something. Zhou Shi said lonely

"What are you going to do? don't want to rebel, this money is not enough!"

"I want to immigrate to Mars!" Zhou Shi said unashamedly

...... Can you still talk well, Big Guy Xi thought depressedly.

(End of chapter)