My Age of Investment

  Chapter 1087 The general trend has been set, irreversible (a pear flower leader 810)

  Qiu Zhiyi walked away in a daze. He didn't understand much of what Xia Jingxing said to him today.

  What kind of crowdsourcing part-time job, city branch, local push army...

On the surface, I understand it, but I don’t know what to do and how to manage it.

After watching Qiu Zhiyi leave, Xia Jingxing shook his head slightly.

  The cultural level and education level of Lao Qiu is still a bit low. Even if he wants to support the other party to create a takeaway delivery platform, it is impossible to become bigger and stronger.

If Xia Jingxing does it all by himself and Xia Jingxing feels that he is seriously lacking in energy, the best way is to save the game and participate in the project as a co-founder, angel investor, VC investor, PE investor, and secondary market investor. .

  It will not involve too much energy, but also can eat a lot of development dividends, let the founders work for themselves, how cool!

The takeaway delivery model involves offline, which is very cumbersome. It is not appropriate to give it to Facebook, YouTube, Android, or Tesla to do it. Without that gene, it is easy to involve energy, and then affect the main business. The development of China is not worth the loss.

  But it’s not easy to find a person or team that can partner with you to start a business. You need to meet multiple conditions, or you won’t cry because you’re against your customers.

  Of course, my position in the industry and the position in the industry of Vision Capital are placed here, and it is not so easy to be kicked off the car.

  Need to be able and obedient, that’s not easy to find!

  Xia Jingxing suddenly thought of a person, Dong Aizhi, the founder of Lucky Takeaway under the Lucky Restaurant.

  This girl originally worked as a part-time waiter in the Lucky restaurant, but due to her outstanding performance, she became a part-time supervisor and built the early delivery team and service system of Lucky takeaway.

After Xia Jingxing took a fancy, he asked her to come from Qiu Zhiyi. Now she has returned to China and works as an investment manager under Fu Jixun.

   Zhang Tao, who worked with Dong Aizhi, also praised this girl very much, and wanted to dig her into Dianping Dianping as the chief operating officer.

  In addition, Dong Aizhi also serves as a director of the American restaurant review website Yelp and a consultant for Lucky food delivery. He often travels between China and the United States and is familiar with restaurants and food delivery markets in both countries.

  The only downside is that Dong Aizhi is not an American.

  Takeaway is not as easy to cause information security sensitivity as social media, but there are so many people hired by takeaway!

According to Xia Jingxing’s knowledge, Yankee’s delivery staff often protested, saying that the company violated the labor law and required the company to give the delivery staff a basic salary, which was 120% of the local minimum hourly salary. In addition, the tip of the customer must be 100% for the delivery. member.

  There has also been a class action lawsuit initiated by a food delivery company by a delivery staff on the grounds that the company stole their tips. In the end, the food delivery company spent millions of dollars to settle the matter out of court.

  If it is sold in the U.S. domestically and abroad, I am afraid I can give you a house.

  Xia Jingxing thought for a while, decided that the takeaway project should be temporarily delayed. Finding a suitable partner is one of them. The second is to wait for the smartphone coverage to increase a little bit, and to improve the performance of the mobile phone.

  Of course, the main problem is the partner. The mobile application is not easy to use and can be improved slowly, but the human thing is really difficult to improve.

  …………

  …………

  After dealing with the Silicon Valley matter, Xia Jingxing took a plane to New York.

  When he rushed to the 85 Wall Street building eagerly, he walked out of the elevator and saw Abel who came to greet them.

   "Hahaha~, Darren, we really made our guess. Lehman is the smelliest sucker on Wall Street!"

  Abel took three steps and made two steps to get to the boss, and can’t wait to start sharing today’s big news.

  Xia Jingxing nodded slightly, and a slight smile appeared on his face, “I already know about this. In the second quarter, it lost 2.8 billion US dollars. Lehman really hid it deep enough and only now began to disclose the risk.”

  Abel smiled and said: "Just like you said, if you put explosives together to detonate, this year's best CEO in the United States is none other than Fuld."

  Xia Jingxing did not stop, and continued to walk to his office. As he walked, he asked, "How is the stock price of Lehman Brothers now?"

  "It has already begun to plummet, from more than 20 US dollars to 15 US dollars, and it is still falling.

  In this case, Fuld also announced a $6 billion financing plan. Who can think of such a precarious company? "

  Xia Jingxing's heart moved, if Fuld can break his wrist, maybe Lehman can go ashore.

  "Any potential investors contact them?"

   Abel replied: “It is said that BlackRock and HSBC intend to acquire or invest in them, but these are all pretentious matters, and the two companies did not give a public response.

  Now that Lehman's reputation on Wall Street is stinking, no one should dare to risk them to save them. "

  Xia Jingxing nodded, did not ask any more, walked quickly into his office, and Abel followed him in.

After sitting down, Abel smiled and reported: "The $1 billion we invested in Greenlight Capital has exceeded 500 million U.S. dollars. Einhorn meant to continue to short, he said Lehman There is still room for further decline in the share price of ."

  Xia Jingxing chuckled, "That kid has a very poisonous vision! But then again, other companies have been losing money for several consecutive quarters, and Lehman only disclosed a quarter's loss. How big do you think the next mine should be?"

   Abel smiled and nodded, "Yes, I think many companies have started to attack Lehman recently, but they are only now, and the profit margins are not large."

   "Let's look down, it's hard to say now."

  This is what Xia Jingxing said to Abel.

  Lehman’s collapse was a landmark event, and it was also the last straw that overwhelmed the camel in the subprime mortgage crisis. He was not relieved to see that Lehman was completely rescued.

  …………

  …………

  In the next half month, big plays starring Lehman Brothers continued to be staged, and financial practitioners across Wall Street, the United States, and the world were staring at the company's performance.

  First, in order to quell investors’ dissatisfaction and anger at the company’s huge losses, the CEO of the company Fuld removed both CFO Rowling Karan and COO Joseph Gregley.

  The three most important CXOs of a company, Fuld only left himself, a fellow daoist but not a poor daoist.

  Rolin Karan is particularly sad. After taking office for less than a year, she was first slapped by Einhorn, which caused the outside world to question and ridicule her as a CFO, and then became a scapegoat.

  Next, some media released a set of statistics. The credit-related losses of major banks and brokerages in the world have reached 396 billion U.S. dollars, of which Lehman’s losses are as high as 13.9 billion U.S. dollars.

  This loss data has risen sharply compared to previous quarters, including Lehman’s self-operated business and asset management business.

  In other words, most of the customers are losing money. This incident has further caused investors' mistrust of Lehman.

  At this time, another heavy news came out suddenly: the negotiation between the Korea Development Bank and Lehman Brothers broke down.

  The bad news made Lehman’s share price drop from about 15 dollars to 7.79 dollars, which is almost cut in half.

  To say that the main responsibility for this incident still fell on Ferder, who was too rigid for his own use, and he was reluctant to cut the meat in time to stop the loss.

  Originally, his subordinates had a good talk with the Koreans, but Fuld repeatedly disrupted the negotiation process and kept calling his subordinates to perform micro-operations.

  In the end, Fuld was not satisfied, so he rushed directly into the negotiation room, did not respect the results of the previous talks of his subordinates, and demanded that all be overthrown and re-negotiations.

  At the same time, he also regarded the Koreans as fools, insisting that the other party buy the non-performing loan assets of the real estate together.

  The Korean stopped doing it on the spot, thinking that he had suffered a great insult, and chose to leave the meeting, leaving Fuld alone in the wind.

Lehman’s stock price is around US$15, and Koreans are willing to bid 20-25 US dollars, which is already a conscience price, but the Koreans also put forward an additional requirement that Lehman must divest the non-performing assets of real estate loans. They Don't have toxic assets.

  Fuld always feel that it can force the South Koreans to submit, let the other party eat part of the sub-prime assets, and finally estimated the wrong situation, leading to the breakdown of the entire negotiation.

  Xia Jingxing communicated with the two teams of Jiang Ping and Liu Hai and adjusted the market short-selling strategy, while staring at Lehman's situation.

  It was not until the news that Lehman's negotiations with the Koreans had broken down did he return home in peace.

  The trend is set! Irreversible!

  (End of this chapter)