Chapter 474: The stock price plummeted

"I haven't looked at the stock market for a while, and I don't know if Alibaba's stock price continues to fall?" Thinking of Alibaba's stock price, Lin Yuquan, who had just become in a good mood because of the appearance of the two scripts, suddenly shook his head, and then just entered Alibaba's market value on Baidu, and in an instant, a series of news reports about Alibaba's stock price and market value jumped into his eyes.

"The market value of the global stock market is volatile, and Alibaba's market value has shrunk by HK$160 billion."

"Alibaba's share price has fallen again and again, and it has fallen below the issue price."

"Alibaba's market value has evaporated by seventy, and Lin Yuquan's net worth has shrunk sharply."

"Oh, did it fall again?" Liu Yifei said with a puffed face.

"If you fall, you will fall! The fluctuation of market value is already difficult to control, like Apple, in 03, its market value fell to only five or six billion US dollars, but now Apple. Lin Yuquan smiled and shook his head, as early as the beginning of the year after reading Alibaba's internal analysis, he was ready for Alibaba's stock price to plummet, this is not surprising, only one point, the only thing he didn't expect was that Alibaba's decline would reach such a degree, while speaking, he quickly found Apple's market value: "The market value is as high as 150.7 billion US dollars, the market value is more than 20 times, this is the stock market, the external assessment is changing at any time, the best way to deal with it is always the development of the enterprise itself, As long as the development of the enterprise is going well, the evaporated market value will naturally rise back, or even more. ”

Liu Yifei had a smile on her face, although she was not very happy about the continuous decline in Alibaba's market value. But she wasn't worried, Lin Yuquan had already said this topic several times before, and as Brother Yuquan often said. Even if Alibaba goes bankrupt, although he will have a lot less wealth, he will still have a lot of wealth, and he doesn't have to worry too much about it.

There is a lot of talk on the Internet about Alibaba's stock price plummeting, and a large part of it has something to do with Lin Yuquan, Alibaba's market value was as high as 220 billion Hong Kong dollars at its peak. Now that he has fallen all the way to only 52.6 billion Hong Kong dollars, Lin Yuquan's net worth has shrunk by as much as 76%. In less than a year, more than 38 billion yuan has evaporated, which is really shocking.

Although due to the impact of the economic crisis, many domestic listed companies have seen a sharp drop in stock prices. But no matter from the fall. is still an absolute number, Lin Yuquan ranks among the top in China in this item, which makes it difficult not to sigh.

In this regard, Lin Yuquan just looked at it and stopped paying attention, well, although the fall is inevitably heart-wrenching, but he has confidence in Alibaba and more confidence in himself. It's not so restless that I don't think about tea and dinner.

After that, Lin Yuquan only looked at the state of the economic crisis. Although the U.S. government and U.S. capital groups have made a lot of efforts in the past period, and a few days ago the U.S. Treasury Department and the Federal Reserve even announced that they would take over Fannie Mae and Freddie Mac, two U.S. mortgage giants, to show the government's determination to deal with the economic crisis, the situation of the economic crisis has not improved, and it is still deteriorating.

"Yifei, you can practice first, and when I plan tomorrow's shooting mission, we will rest." Closing the webpage, Lin Yuquan said with a smile.

"Okay, Brother Yuquan." Liu Yifei smiled sweetly

The north has become a ruin. On the set of "Immediate Rescue" in Sichuan County, nearly 100 staff members are concentrating on filming, and Lin Yuquan can be seen squatting in front of a ruin, looking almost crazy about excavation.

"Cut, very good, let's take a break." Assistant director Cheng Wenhui's voice sounded through the loudspeaker on the set.

Lin Yuquan got up, came to the water basin that the staff had already prepared, washed his hands, and then walked to the monitor screen.

"Director Lin, your performance just now is fantastic, it is completely an actor-level performance." Zheng Wenhui said with a smile.

"Don't put a high hat on me, what kind of actor-level performance, I didn't act well or not at all, I just played my true colors, just like the rescue work I did after the earthquake." Lin Yuquan smiled and began to check the shooting that had just begun.

"Heh, this is even more remarkable, acting comes from life, Director Lin, you have personal experience, I think there is no actor in this role who can play better than you." Zheng Wenhui exclaimed.

Lin Yuquan smiled, noncommittal, of course he is confident in his performance in "Immediate Rescue", this is the role he specially designed for himself, and then created a script, in this case, if anyone can play better than him, then he should be honest as a director and make movies!

Looking at the shooting just now, Lin Yuquan showed a satisfied look on his face, and at this moment, his mobile phone suddenly vibrate.

took out his mobile phone, when he saw the caller ID, Lin Yuquan looked a little surprised, it was Ma Yun calling, although he is the major shareholder of Alibaba, but in addition to regularly learning about Alibaba's operation every quarter, he is usually busy with movie shooting or enjoying his private life, he does not pay much attention to Alibaba's affairs, and the contact with Ma Yun is limited to the company's official business, and there are few private exchanges, and at the beginning of the month, he just checked Alibaba's revenue development in the third quarter of this year, Thinking that the situation did not improve at all, he suddenly had a guess in his heart, Ma Yun called at this time, it was because Alibaba suddenly had a big problem, and he needed to participate in decision-making, with such a question, he immediately connected Ma Yun's phone.

"Yuquan, I didn't bother you with the filming, and I didn't want to bother you, but the situation is serious, so I have to do it." Ma Yun's slightly deep voice came from the phone, and it seemed that the situation was really not good.

"What's wrong, you can't sit still, it seems that the seriousness of the situation is indeed extraordinary!" Lin Yuquan said unhurriedly, the more critical the moment, the more you need to stay calm.

"Lehman Brothers and Merrill Lynch are two investment banks, you should know Yuquan, I won't say more, I just received news that Lehman Brothers officially announced that it will file for bankruptcy protection, and Merrill Lynch will be acquired by Bank of America for nearly $44 billion." Ma Yun said in a deep voice.

"Has the situation become so serious?" Lin Yuquan's face sank, of course he knew about Lehman Brothers and Merrill Lynch Securities. These two investment banks, along with Goldman Sachs and Morgan Stanley, are known as the four major investment banks in the United States, of which Goldman Sachs ranks first, followed by Morgan Stanley. Merrill Lynch ranks third, Lehman Brothers ranks fourth, these four major investment banks can be said to be the financial dominators of Wall Street, if you add Citigroup, JPMorgan Chase, Bank of America, the three major banks, the four major investment banks, together dominate the financial order of the United States. and have a significant impact on the world's finances.

"Yes, the situation is extremely serious, and I am afraid that this winter will be difficult. We must prepare for the worst, in a short period of time, the company will face a serious crisis, whether it is foreign trade revenue or stock price market value is difficult to improve. You need to be prepared to fight a protracted war. Ma Yun said in a deep voice.

"Hmm. I know that, and I'm prepared. Lin Yuquan nodded.

"How do I feel that you, as a major shareholder, are not in a hurry at all, the company's management and employees are anxious like ants in a hot pot, too, even if Alibaba goes bankrupt, the impact on you is not as big as imagined, the whole world knows the horror of your movie's ability to attract money, and you don't have to worry about your future life at all. I'll be miserable, if Alibaba goes bankrupt and goes bankrupt. Gotta go out and beg for food! Ma Yun teased.

"Where is it so exaggerated as you say, how can it not have an impact, it is tens of billions of losses, all gone, who is not heartbroken, the reason why I am not worried is that I believe that with such an outstanding management leader as Lao Ma, the company will be able to get out of the predicament sooner or later." Lin Yuquan said with a smile.

"Don't believe me so much, I don't have such a big ability to lead Alibaba out of the predicament." Ma Yun shook his head.

"Ahem, old horse, this is your fault, how can you be so unconfident in yourself? As a core leader of Alibaba, your words and actions will have an immeasurable impact on the company, and if employees know that even you don't have confidence, then it's worth it. Lin Yuquan quipped with a smile in his eyes.

"So you can't let them know!" Ma Yun smiled, and then said seriously: "Later, I, you, and Son Masayoshi will jointly send an email to the employees within the company. ”

"Okay, once the email is written, send it to me to read." Lin Yuquan strongly agrees with this.

Although the situation has become severe enough to endanger Alibaba's operations, after ending the call with Ma Yun, Lin Yuquan's filming has not been affected at all, Alibaba has Ma Yun, Son Masayoshi and a group of management to deal with the crisis, he only needs to participate in the final decision-making, for him now, the most important thing is to shoot "Immediate Rescue".

In fact, as early as March this year, Bear Stearns, the fifth largest investment bank in the United States, was acquired by JPMorgan Chase because it was on the verge of bankruptcy and had a huge impact on Wall Street, especially after the collapse of Bear Stearns' two hedge funds this summer, which suddenly made the traders of the big Wall Street banks shrouded in gloom and misery, lest they fall into the nightmare of their peers who had collapsed in the liquidity crisis. Still, who would have thought that in just half a year, three of Wall Street's top five investment banks would collapse.

Merrill Lynch was fortunate that Paulson and the Fed's intervention prevented Lehman Brothers' doom, otherwise it would have been the next to go bankrupt, seeing Lehman Brothers in trouble, the 94-year-old it was quickly sold to Bank of America at a market value of $44 billion under pressure from the Fed.

Lehman Brothers, on the other hand, has a history of 158 years, and its stock price has fallen by nearly 95% in a year due to its heavy losses in subprime mortgages, including a 77% plunge in a short period of time last week, with its market value falling from more than $12 billion to more than $2 billion after the acquisition negotiations with the Development Bank of Korea failed and the company's third-quarter earnings report will show an asset loss of $5.6 billion.

Therefore, the giant company, which has dominated the US mortgage bond business for 40 consecutive years, was forced to find a buyer, but because the US government bailed out Bear Stearns has been criticized in Congress, this time there is nothing to do, and any guarantees and private transactions of Lehman Brothers have been rejected, which makes potential acquirers, including Bank of America and Barclays Bank of the United Kingdom, withdraw from the negotiations on the 14th local time.

In desperation, Lehman Brothers had no choice but to apply for bankruptcy protection, and according to the current situation, it could not escape the fate of bankruptcy liquidation.

As the fourth largest investment bank in the United States, Lehman Brothers' role on Wall Street and in the United States is undoubtedly important, and its bankruptcy is bound to hit the confidence of financial markets hard, and many financial companies will suffer huge losses because of the bankruptcy of Lehman Brothers.

Not only that, but Bear Stearns, one of the five largest investment banks in the United States, has gone bankrupt, Lehman Brothers is in danger of liquidation, and the 94-year-old Merrill Lynch has been acquired, and it is difficult not to worry about the fate of Goldman Sachs and Morgan Stanley.

And if Goldman Sachs and Morgan Stanley, the two largest investment banks, also fail, the impact would be devastating.

In addition to filming "Immediate Rescue", Lin Yuquan also paid close attention to this financial shock, and then almost every day there were major events, which shocked people again and again, on September 16, in order to keep the American insurance giant AIG running, the Federal Reserve provided a short-term emergency loan of 85 billion US dollars, which means that the US government stepped in to take over AIG.

On 20 September, the Bush administration formally submitted a bill to the US Congress to save the financial system, and the Treasury Department will be authorized to purchase up to $700 billion in nonperforming mortgage assets.

On September 21, the Federal Reserve announced that the two investment banks, Goldman Sachs Group and Morgan Stanley, were all changed to commercial banks.

With this series of events, a more severe economic crisis swept the world, and the global stock market was naturally affected.

However, in comparison, the people who have been seriously affected only account for a small minority of the entire population, and the domestic economic situation is far better than that of Europe and the United States, so in the wave of the global economic crisis, due to the upcoming release of the latest Hurun Rich List and Forbes China Rich List, the speculation of the richest man in the mainland has become a hot topic for countless people.

Lin Yuquan, who was seriously affected by the sharp drop in Alibaba's stock price, was naturally excluded from the range of choices by countless people, but for such a choice, many investors, fund managers, and securities analysts scoffed. Perhaps the only trouble is that Lin Yuquan's other industries are not listed, and it is difficult to estimate the value.

In fact, when the global economic crisis is intensifying, the Hurun Rich List and the Forbes China Rich List are busy with the wealth statistics of the rich, including Lin Yuquan, in the past, the two lists almost only calculated the book value of Lin Yuquan's unlisted industries, but as Lin Yuquan's industries become bigger and bigger, and then use the book value to measure Lin Yuquan's wealth, which undoubtedly greatly underestimates his net worth, but this also makes Lin Yuquan's net worth of statistics greatly increase and become extremely troublesome.

Lin Yuquan's life has not been greatly affected, during this period the filming of "Immediate Rescue" has been very smooth, and after another three weeks of release, the global box office of "Wild Wild: Rise of the Apes" has climbed to $1.941 billion, although the film is unlikely to break $2 billion at the box office, but this result can be called a success anyway.

At this time, the time also came to September 23rd, which is a very special day, because of its particularity, the crew of "Immediate Rescue" also ushered in a holiday. (To be continued......)

PS: Thank you—Blue Stone—, the expectation in my heart, and the monthly pass support of the three friends of Thousands of Cups.