In front of the dresser, Ying Xin was wearing a tie for Li Yuan. He was still complaining: "You have always been there, don't be a crow's mouth, don't be hated, why do you have a nonsense at the shareholders' meeting?" See? Now that everyone is shouting and beating, how can you learn that silence is golden? ”

Li Yuan smiled: "A man is a boy until he dies, isn't this the boy in "The Emperor's New Clothes"?" ”

"Don't be hippie smiley. Do you want to mix in the IT circle in the future? You are not sparing money. You know? ”

"Yo, have my Xinxin learned to be sophisticated? What about the indomitable Beijing girl in the past? ”

"You don't have a serious word." Ying Xin smiled and said, "Don't move, it's crooked again." ”

"If it's crooked, it's crooked, what's the matter."

"Hey, isn't it yours? Do you need an image for today's interview? Don't move! I'll tear it down and call you again! ”

"Huh."

“……”

Li Yuan's speeches at the shareholders' meeting undoubtedly became more and more noisy. In the end, even the company's board of directors couldn't stand it, and hurriedly arranged for Li Yuan to accept an exclusive interview, hoping to save one or two.

"Honored Lee. I've been looking forward to interviewing you. "I'm here to interview Hannah, a female columnist for the Los Angeles Times.

The reason for choosing the Los Angeles Times is that the main parallel line technology belongs to the star enterprises in Los Angeles. The U.S. also has local protectionism, and Parallelline Technology is one of the few Internet companies outside of Silicon Valley, and it is also one of the pride of Los Angeles.

So I will turn my elbow in...... Right?

"Hello, Anna. I was also pleased to be interviewed by the Los Angeles Times. ”

"Let's get started! Li, first of all, I have become the richest man in China. And when you were a teenager, your family was one of the poorest families. So what's the secret of your success? ”

"Good luck! I have answered this question for three main reasons......"

For this kind of cliché problem, Li Yuan has long been familiar with it. Not only can you talk eloquently, but also you can be funny and humorous. It's like a very inspirational saga.

Anna echoed a few words very cheerfully: "Li, I feel a little strange, since you already have so much wealth, don't you have a welcome in China... Uh-huh, should understand what I mean? ”

Li Yuan smiled and nodded: "Thank you, Anna." I'm just going to tell you the truth, maybe not very nice, but it's certainly true, right? ”

"Uh-huh."

"I have found that you have a lot of misunderstandings about us in China. For example, the issue of personal wealth. In fact, it won't take long for the whole world to see that there will be a lot of people from our country on the rich list. It's just that my parallel line technology went public earlier, so it's more eye-catching. ”

"Are you here, and there will be many rich people in the future?"

"Not only will there be a lot of rich people, but there will also be a lot of middle class. Right! It is according to the standards of your European and American countries that there is a large middle class. ”

"Won't it?"

"Huh. Let's wait and see! So I'm here to make a prediction that many goods, including automobiles and luxury goods, will become the world's largest market in China. ”

"Including being able to surpass the United States?"

Li Yuan nodded without hesitation: "Of course." That's for sure. And it won't be far away, at most...... More than ten years! ”

In his heart, Li Yuan is actually not very happy with such an interview.

Although those words at the shareholders' meeting seem to be a bit ...... Crow's mouth, right?

But what about a crow's beak? I don't rely on fans to eat, including losing fans and black fans, it doesn't matter.

Since this Anna didn't ask those questions, Li Yuan was right in the middle of it, and also accompanied her to talk around.

“…… Li, listening to your introduction just now, does your country seem to be different from what I heard? ”

"Hehe, it's not that exaggerated. First of all, it's a hobby. Similarly, as human beings, what ordinary people in the United States like, we Chinese generally like; If you hate it, you will also hate it. Actually, it's no different. There are certainly differences in customs. But they are also generally able to understand each other. For example, Los Angeles and New York have different customs. Sometimes they laugh at each other. But it is not up to the level of understanding. ”

"I see? So what do you think is the biggest difference? Like what...... What is the biggest hurdle to overcome? ”

"You're here...... It should be the demographic factor! ”

"Demographic factors?"

"That's right! As we all know, the United States is a very large country, and there are 50 states, which are particularly troublesome to govern, and there will be all kinds of strange and unbelievable problems. You Americans should be used to it, right? ”

"That's right! That's it. ”

"So, even you Americans can't understand how much trouble a superpower with a population of more than a billion people has? This is not a question of equal rank, but an order of magnitude beyond. Like, open the market, right? You can't imagine that opening a Luxembourg market is as easy and difficult as opening the British market? And opening the U.S. market is definitely more complicated? And opening the Chinese market is even more complicated. ”

"It does make sense. But I realize, are you suggesting that the bubble of the Internet is too big and that there may be a financial crisis soon? ”

Finally, Anna returned to the topic of the interview.

Li Yuan laughed: "No, no, I didn't mean that." ”

"Really, isn't it? A word of caution – I already have a recording of you at the shareholder meeting here? ”

To tell the truth, since today's interview is for crisis public relations, Li Yuan will definitely not tell the truth: "Anna, you must have misinterpreted what I meant. ”

"Misinterpretation?"

"That's right! First of all, about the Nasdaq bubble, it must exist, and there should be many Wall Street experts who have analyzed it, right? Moreover, it must conform to economic laws - Internet companies are also a kind of enterprises, and it is impossible to deviate from this economic law. It is impossible to rise all the time, and it has maintained such an exaggerated level of rise. So there must be a phase of pullback consolidation. At the shareholders' meeting, I mainly reminded that there is such a risk; Secondly, the profit model of Internet companies does not have a very mature case at present, and all enterprises are in the stage of self-exploration. This is also an objective reality. Therefore, saving operating costs and ensuring sufficient cash flow is something that every successful business will do......"

"Oh? So what do you think about the future of the Internet? Hehe, Lee, I hope you don't use those diplomatic words, it's better to make your point clear to our readers? ”

"No problem. I can tell you unequivocally - the future of the Internet is at least 10 times larger than it is now! ”

"Huh? Are you really that optimistic? ”

"Of course. One is a short-term business strategy, so we should avoid bubble risks; The other is the long-term trend. I'm sure – the Internet is the future! ”

"Huh? So what is the evidence for this point of view? ”

"Of course Sakura has heard of it, I just bought three clubs – Sheffield United Football Club, Denver Nuggets and Colorado Avalanche? The acquisition of these three clubs is for my layout in the Internet industry. Because I'm very optimistic about the future development of the Internet, like live football games and the like. Words can lie, but can the money spent lie? Hehe. ”

"Huh? Though...... So, why are you doing that at the shareholders' meeting? Sorry, Lee, but the recording is really misleading, huh? ”

"Okay, okay! I forgot the last point - trade secrets! ”

"Huh? Trade secrets? Are you misleading ......? ”

"No, no! Don't just explain it. That's the secret. I am accountable only to our shareholders and not to the public. As for some criticism from the outside world, I can only - no comment! Hehe! ”

“……”

……

As one of the most influential media outlets in the United States and the world, the Los Angeles Times' report has also attracted much attention.

Regarding Li Yuan's "trade secrets" law, many people are completely confused, and they cannot judge the truth or falsehood. Can only ...... Let's go by slowly!

After all, there are too many hot news every time, and it is impossible to hold on to Li Yuan.

And the popularity of the Internet is still unabated. Not only has the NASDAQ hit new highs, but various start-ups have gone public and mushroomed around the world.

Among them, the top three Internet companies in China: Sohu, Sina, and NetEase were listed on the NASDAQ, triggering waves of Internet boom in China, and a large number of first-generation Internet upstarts appeared. At the same time, the last three: BAT, they were also officially launched in about the same time.

However, in such a lively scene in full swing, a few dark clouds slowly appeared......

In February 2000, Federal Reserve Chairman Alan Greenspan felt that the situation was not right, felt that the bubble was a bit big, and seemed to be too risky, which country's central bank could stand the price-earnings ratio of 200? We have begun to crack down on investment enthusiasm, announcing large interest rate hikes to pre-1995 levels, raising the cost of capital flow, and prompting people to be more cautious when investing.

However, as soon as this news was released, although the stock market fluctuated to a certain extent, it was not yet to the extent that it attracted attention.

A month after announcing the interest rate hike, the Nasdaq hit a peak of 5048 on March 10, and the news that the sub-economy entered a recession again on March 13 caused a sell-off in technology stocks in the international market, and investors' worries began to heat up.

Therefore, devils have never done anything good.

Finally, on March 20, Barron's, a well-known financial magazine, published a cover article about "Burn Out" that revealed the current dire state of these Internet companies:

Among the 207 Internet companies surveyed, 71% of the companies have negative profits, 51 companies will run out of cash within 12 months, and even the cash flow of the Internet idol unit Amazon can only last for 10 months......

This time, it is not a crow's mouth like Li Yuan, but an influential financial professional media in the world.

The market finally started to panic, and the stock price began to fall freely.

Investors began to panic sell, and less than a month later, the Nasdaq fell more than 25%, and on April 14 alone, it fell 9%.

In this atmosphere of stock crash, the market value of the entire stock market has evaporated by two-thirds. The market value of many star companies has fallen off a cliff or even closed down......

With many Internet companies hitting the streets, the market value of most Internet companies has fallen by 75%, even the market value of Amazon and eBay, which are doing well, have fallen by half.

At the same time, it also implicated those communication companies and hardware companies, Cisco and Sunmicrosystem fell by almost 90% of their market value, the market value of the aforementioned merger Time Warner also fell to $120 billion, and AOL was removed from the company's name, and Netscape, the originator of the free software model, also lost most of its market share in the confrontation with Microsoft, and more than 400,000 IT practitioners lost their jobs and were forced to change schools

The roof leak happened to rain overnight, and the Enron incident followed.

Many people should be familiar with the Enron incident. One of the most famous is Arthur Andersen's fake account incident, which directly killed one of the Big Four accounting firms.

But to be honest, the Enron empire at that time, they were indeed masters of speculation, and even had a new concept of Internet futures. This has led to a frenzy in the market and a continuous stream of successful financing.

All right!

The "Internet concept" in this period was so popular that even Disney made a homepage, which was called an Internet entertainment company?

In this context, of course, the stock price has repeatedly hit new highs, and it can allow Enron to continue to increase leverage.

One by one, the future of Internet securities trading and Internet futures platforms have finally been successfully realized.

Even including Disney, an "Internet entertainment company". The concept of the portal during this period made Disney not even know his mother. But the future Disney network on-demand platform has been quite successful.

In a word, it is too advanced, and the technical conditions cannot be reached at all, resulting in a bottomless pit of burning money.

When the Internet bubble burst, it suddenly triggered a chain reaction, and Enron's capital chain broke instantly. In the end, it is necessary to adopt the method of making fake Zhang.

And the outbreak of the Enron incident also triggered a crisis of financial confidence. Through Arthur Andersen's investigation, many people were surprised to find that many Internet companies are also suspected of fake accounts, including many well-known Internet companies.

It turned out to be sauce purple! Do you make fake accounts all night in order to deceive us into investing in the Internet?

In the end, it immediately triggered an even greater panic. The stock price of the Internet has plummeted!