Chapter 218 Who killed ofo?
For a whole day, Lu Liang was collecting evidence and investigating, deducing the process from the known results.
Just like some people often say, he hits wherever he points.
In fact, it is not the case, but wherever he hits, he points.
First know the results, sort out the causes and consequences through the process of deducing the results, and then strive to maximize benefits.
In the past, when the funds were small, one could do anything without thinking, but now that the funds are large, one can only do so.
Finally, Lu Liang focused on the non-farm employment data and unemployment rate data that will be released at the end of August.
The two data may be the trigger that caused the Dow to plummet. If so, they only have three days left.
In the past few days, Lu Liang took Sun Yutao, Wen Chao and others to visit major investment banks such as Citigroup, HSBC and State Street in Shanghai.
He planned to use US$4 billion to short the Dow Jones Industrial Average, and another US$1 billion to go long London gold using five times leverage.
It is an iron rule that when the stock market falls sharply, gold rises sharply.
What’s more, the U.S. stock market, which is still known as a financial beacon, has plummeted. More funds will go to the London gold market for safe haven, which will further promote the rise in gold prices.
With more and more funds available now, Lu Liang can also perform multi-line operations. Short selling the Dow Jones Index is a stable profit, and long gold is a high-risk and high-return operation.
Because he only knows the lowest point of the Dow, but does not know the highest point of gold.
You can only rely on your own judgment for the market price of London gold, so you don’t dare to increase leverage and invest too much money.
Just with the idea of making some money and running away.
While Lu Liang was busy making preparations, two minor things happened online in the past few days.
The January period has come and Dai Wei has not come back. He keeps saying that he is still looking for investment, but he is basically sure to run away.
As a result, a group of suppliers took ofo to court, and Dai Wei was also listed as a dishonest person.
However, it is of no use. ofo discloses its assets, and the company has a total of more than 1 million funds in its account.
Whoever wants it, come and get it.
But if they were taken away, there would be no one to manage the more than one million shared bicycles, and no one would operate the website, which would be completely desolate.
A rotten enterprise has nothing to fear. Anyway, the current deputy general manager only gets a dead salary of tens of thousands of yuan per month, working as a monk and ringing the bell for a day.
The suppliers were angry, but there was nothing they could do. The big suppliers had to help ofo and persuade the small suppliers not to take the money.
If you really take it, ofo will go bankrupt and it will become a bad debt.
Not picking up the code is still considered a bad debt. Although the possibility is slim, there is still a little hope of getting it back.
After all, there are still over a million bicycles.
As soon as the news came out, more than 18 million creditors once again criticized ofo and became a hot search topic, taking Dai Wei and his family with him.
This shocked the bib, and he could only forcefully add heat to Wang Bao's divorce incident in an attempt to cover up Dai Wei's public opinion.
However, Forbes continued to increase the popularity and launched Lu Liang’s exclusive interview "Who Killed Ofo?" 》.
"This is about a one-vote veto accident..."
Through Lu Liang's narration, netizens learned why ofo, which was once strong, almost collapsed overnight.
During the Series A financing, Jinshajiang became a strategic investor of ofo and obtained a veto power on the board of directors.
During the Series B financing, Didi also became a strategic investor of ofo and also received a veto power.
Including Dai Wei, one company has three one-vote veto rights, but ofo is still not satisfied.
During the C round of financing, Jingwei Investment was introduced, giving birth to the fourth one-vote veto power.
If the company develops smoothly and various capital institutions check and balance each other, Dai Wei will still be the helmsman of ofo.
As a result, when Meituan took over Mobike, I didn’t know who it was, and secretly leaked the news about Lu Liang’s cash-out from his high position.
ofo was forced to introduce Ali, who took over the equity of Jinshajiang and wanted to parachute management. However, Dai Wei did not agree, so the four one-vote veto powers began to be implemented in turn.
Including Ahri’s intention to introduce SoftBank, the US$500 million investment originally negotiated was abruptly postponed.
"Damn it, Dai Wei thinks he is Liu Che? Is he trying to push for favors? He doesn't even look at the virtues of the United Nations." On the second day, there were four suns.”
“Haha~ With this decision, Ofo died unjustly.”
“Am I the only one who thinks that Lu Haohao looks more handsome and younger than the ID photo on the city propaganda website?”
“With less fever, no matter how handsome he is, he can be used as food? Or help me Refund the deposit of 199 yuan? "Now that the matter is over, what can we do? It's better to look forward to Lu Liang's public offering."
“Don’t you know that public and private equity cannot coexist? Do you know how long the cycle of Tianxing-3 is? In three years, all the flowers have withered.”
The operation department of Bibo saw that public opinion has shifted. , decisively harming each other, choose the lesser.
The Dai family really couldn't afford to offend him, so they had no choice but to apologize to Lu Liang first and help him find out if there was any shocking news in the entertainment industry that could be revealed to ward off public opinion for him.
In the past few days, they have been very nervous and worried about receiving an accountability call from Lu Liang.
However, Lu Liangliang didn't seem to know that online public opinion was very smooth in the first few days.
It wasn’t until Wang Bao’s divorce incident escalated again and Ma Song began to act like a monster that the focus of public opinion shifted from Lu Liang.
“Thank you Wang Bao, thank you Ma Song.”
The bib operation department can’t wait to erect a monument to their longevity, and severely heat up Wang Bao’s divorce incident.
After all, if you can talk about the entertainment industry, it’s best to just talk about the entertainment industry and nothing else. It involves too many areas and they can’t grasp it.
At the same time, Lu Liang adjusted the time difference and entered a state of staying up day and night to prepare for short selling the Dow Jones Index.
“Did the attack on 20,000 points fail?”
That night, he came to the trading room next door and looked at the three major stock indexes displayed on the wall, namely the Dow Jones and the S&P. 500, and Nasdaq.
Although the meanings and status are very different, if you want to apply them, you can also find corresponding products in China.
Such as the Shanghai Stock Exchange, Shenzhen Stock Exchange Index, and GEM Index.
The Nasdaq corresponds to the domestic GEM, but the listing conditions are relatively low. There are no rigid profit target requirements. As long as one of the conditions such as net profit, total market value or net assets is met, it can be listed.
For example, Panda, Weilai, Ideal, and even the almost cool ofo, if one of the conditions can be met, they will probably choose the Nasdaq.
However, although the conditions before the listing of the Nasdaq are loose, there is a strict set of implementation standards after the listing. But unlike Big A, as long as it is listed, it is basically an iron rice bowl.
For companies listed on the Nasdaq, the opening price must remain above US$4 for 90 days, and then it must not be lower than US$1, otherwise it will be downgraded or even delisted.
On the contrary, it will be pushed to the global market, seen by more people and institutions, and financing will become easier.
Lu Liang chose to short-sell the Dow Jones. In a sense, he was short-selling the Shanghai Composite Index.
Because it is the largest market in the world and also claims to be the freest, short-selling futures has become a professional project.
For four billion US dollars, you only need to pay one thousandth of the stamp duty for a single transaction. In addition, there are no charges.
“Based on the Dow Jones Industrial Average, when it is about to hit 20,000 points, sell the short-selling index order and go long London gold at the same time.”
Lu Liang looked relaxed and content, holding a pineapple bun in one hand. With the soy milk still in his mouth, he no longer felt as nervous as before.
After a year of running in, this operation team is already ready to move forward. All he needs to do is grasp the general direction.
It is estimated that it won’t be long before Lu Liang can retire behind the scenes, be reincarnated, escape from private equity, and switch to public equity.
Public and private equity cannot coexist, so don’t coexist.
It’s not like you can’t support a puppet to take power. From now on, private equity will focus on overseas, and public equity will focus on domestic.
At 9:30 p.m., the U.S. stock market opened, and the three major major boards rose slightly, ranging from 0.14% to 0.22%.
The Dow Jones Industrial Average is at 19,850 points. Since the implementation of the quantitative easing policy in 2008, it has set a record high almost every month.
In six years, it has risen from a low of 6,469 points to nearly 20,000 points now, more than three times.
This also reminded Lu Liang of going to Austria with Xiao Wang years ago. He remembered that there was a card table and ten dealers were opened in a row.
I heard that gamblers in the casino have a professional term for this kind of card, called chasing the dragon.
Lu Liang saw many gamblers betting 1,000 on the first hand, 2,000 on the second hand, and 4,000 on the third hand.
If you press ten times in a row like this and keep doubling, the 1,000 yuan will become 1.024 million after ten times.
But in the third or fourth hand, they began to press less and less until they no longer opened the banker, also known as Broken Dragon.
The same goes for the stock market. It is human nature to be afraid of heights.
This rapid rise has accumulated a large amount of profit taking, and the market's expectations for this continued rise are too high.
Once any bad news appears, it may cause investor confidence to be shaken, triggering a massive sell-off.
As a result, a flash crash occurs.
(End of this chapter)