The next day, Wednesday, September 29.

Today is the penultimate trading day before the A-share market, and tomorrow the market will open one day before the National Day, and the market will be closed for seven days during the holiday, and the market will not open until Friday, October 8.

At the opening of the morning session, Weibo opened -5.73% lower at the opening price of 76.32 yuan in the call auction, and the stock price plunged to 7 percentage points after the opening, and the funds fled in panic, but twenty minutes after the opening, Weibo's stock price stopped falling and rebounded.

At around 10:05, the stock price rebounded above the opening price, and after another 10 minutes, the stock price rebounded all the way to today's intraday high price of 77.99 yuan and then began to fall.

This wave of rebound is due to the fact that the market index is rushing upward, but in the afternoon, the index also pulled its hips, rising more than 0.8 percentage points in the morning, and the decline expanded to -0.28 percentage points at about half past two in the afternoon, setting a new intraday low, and 2600 points almost fell below.

Weibo's share price also fell sharply in the afternoon, and at about 14:37 at the end of the session, the stock price fell to 72.87 yuan.

As of the close, Weibo fell -9.99% to close at 72.87 yuan, with a full-day trading volume of 3.182 billion yuan, which was nearly 2 billion yuan compared with yesterday's volume, and the market value also shrank to 38.5 billion.

Today, the fall limit was pressed, and Weibo's stock price has fallen by -50.46% from the highest point, halved!

The comment section of the unit was filled with scolding and wailing.

[The increase in Weibo users is obviously so strong, the existence of the first in the industry, and the stock price is out of this bird, I am really convinced.] ]

[Walking like this, it is really a thunderstorm, the founders are piling up and leaving, the company must have a major sudden change, today's dragon and tiger list data, the institutions have run away, and tomorrow the word will fall to the limit. ]

[Don't mythologize institutions, don't institutions have leeks that lose money?] ]

[Hehe, at least the agency's news channels are not comparable to retail investors.] ]

[Crying while moving bricks while replenishing the stock.] ]

[Don't go against the strength of the trend, there is no bottom when it falls.] ]

[There are no stocks that only go up and don't go down, the previous wave has risen so much, and now it is the mean reversion stage, although it has been cut in half, the valuation is still very high, and the bubble is very large. ]

[I cut it today, but it was good to come out, I can only cut it with tears, and I will definitely have to stop tomorrow, see 50 yuan, and then intervene.] ]

[It can only be said that stay away from the thunder stocks.] ]

[It's too, speechless, just backdoor listing, and the name change has just been a month before the thunder, it's really a pit. ]

[Reasonable, isn't that normal?] Many Internet companies abound before they even survive for a few months, and Weibo is already very good, and it is still the number one leader in the industry, and it is normal for this kind of stock to fluctuate greatly. ]

[Others fear my greed, stud!] ]

……

At about 17 o'clock in the afternoon, the headquarters of quantum beating.

At this moment, Liu Qizheng, the leader of Zhongtai Capital, Xiao Quan, the leader of Pengrui Capital, and four other capital institutions sent several vice presidents were in a reception room of Quantum Beat Company, and Xu Jingren was receiving them.

These six capital institutions have a common identity in Quantum Beat, that is, the shareholders of Weibo, a subsidiary of the company, and they are also managing the market maker or market value of Weibo.

Today they came at the invitation of Xu Jingren, in fact, they had plans to come, because yesterday's announcement was also coming, so they flew over directly.

"Mr. Xu, what are you doing? The four main founders stepped down from their positions on Weibo, and the market was stunned. Liu Qi said, to be honest, they are also a little panicked, the Weibo stocks they hold are still in the lock-up period, and they are far from the time when the ban is lifted, and there is still the cost of capital for market makers.

"Don't worry, everyone, Weibo's operation is normal, and several of them left because the parent company Quantum Beat has four new projects to be launched, and they are just the normal transfer of their positions to be responsible for carrying out new business." Xu Jingren smiled slightly.

Starting a new business? Four at once? That is to say, Wang Ping, who left the company, is exactly one person in charge of one?

Liu Qizheng, Xiao Quan and others were surprised, and at the same time looked puzzled.

At this time, Xu Jingren added: "This invitation to come here is also related to these new businesses. ”

Hearing this, Xiao Quan couldn't help but move in his heart, and immediately asked, "Mr. Xu, do you want to raise funds for these businesses?" ”

If you ask these venture capital institutions to come over, they must be financing, otherwise why do you find them?

Quantum beat's new business, Xiao Quan and they are actually willing to invest money, after all, with Weibo Zhuyu in front, it is much more reliable than those pure newcomer entrepreneurial teams with no results.

Xu Jingren smiled: "That's right, but it's not financing, but borrowing money from you." ”

Not financing? Debt? It's debt.

Xiao Quan and Liu Qi looked at each other, and the latter looked at Xu Jingren and asked, "How much to borrow?" ”

Xu Jingren stretched out his right hand and spread five fingers, Xiao Quan was surprised: "500 million? ”

As soon as these words came out, Xu Jingren shook his head and said, "No, it's 50 billion!" ”

Boy!

The CEOs of several venture capital institutions were shocked on the spot, and Xiao Quan couldn't help but raise his voice: "What did you say?" 50 billion? ”

Liu Qizheng suddenly said: "Mr. Xu, with all due respect, I don't need to carry out due diligence to draw conclusions, quantum beating does not have sufficient collateral at all, and the credit cannot reach the 3A level, I am afraid that you can't give us 500 million, and even 500 million is enough." ”

Xu Jingren was very calm, and saw that he was not in a hurry and said: "Everyone, what if this debt is guaranteed by Qunxing Capital?" ”

Clams?

Xiao Quan, Liu Qizheng and other six major VC institutions were stunned, and the vice president of another institution hurriedly said: "Are you sure that Qunxing Capital guarantees your company?" ”

Xu Jingren nodded and smiled: "Not bad." ”

After a while, Liu Qizheng immediately looked at Xu Jingren and asked a question: "Mr. Xu, there is a question I don't understand, the biggest shareholder of quantum beating should be Qunxing, right?" Why don't you ignore your parent company, Qunxing, asking for money, and instead come to us for money? The recent actions of the stars seem to me to be poor and only money. ”

This was also the doubt in Xiao Quan's heart, and everyone nodded in agreement.

Xu Jingren glanced around at everyone and said calmly: "Actually, I was in charge of the stars to ask for money from the beginning, and the stars could afford it, but the parent company asked me to ask you for money." ”

Xiao Quan suddenly asked, "Why is this?" ”

Everyone was also curious.

Xu Jingren said with a smile: "I also asked, the parent company told me this, he said that some money can be earned but not earned, left for others to earn, left for partners to earn, money is endless." ”

Liu Qizheng and the others were quite surprised by these words, and several of them immediately looked at each other, estimating in their hearts that most of the stars on the side were quite satisfied with their market makers on Weibo, and they were really doing their jobs, so this is what it means to give a piece of the pie?

Xu Jingren opened his mouth to ask for 50 billion yuan of heavenly funds, and it is impossible to lend him money under normal circumstances, because the risk exposure is too large, and the product of Weibo, which can be used by quantum beating energy, has not yet made a profit, and it has not yet fought its way out of the encirclement in the field of microblogging, and everything in the future is unknown.

But with the guarantee of Qunxing Capital, it is completely different.

The original huge risk exposure has shrunk directly, and more directly, this is an almost guaranteed transaction, and there will be a large number of financial institutions in the market rushing to lend money to Quantum Beat.

At the end, Liu Qizheng said neatly: "Since the stars are the guarantee, then it's okay, I, Zhongtai Capital, eat 1.5 billion, and the rest of you are free, how about it?" If I can't eat it, I can eat a little more. ”

Xiao Quan was unhappy and said: "Come on, you, you will cut off almost a third of it when you open your mouth!" ”

They were reluctant in the last second, and at this moment, they began to rush to eat, because this debt is too high-quality, even if their liquidity is not enough, they can go to do the bridge to make enough money, the interest rate must be considerable, and the business is not lost, this kind of business is rare.

After a while, Liu Qizheng looked at Xu Jingren and said, "Mr. Xu, why don't you borrow more from your company?" ”

……