What's wrong with me being a rich man?

Chapter 111 Flash Crash
Sequoia Capital and Today Capital joined forces and thought they could directly invest in a small order before the New Year, but they did not expect the other party to be ignorant of the current situation.

But investment and financing cannot be forced, and there were other unexpected events, so Shen Nanpeng quickly said goodbye and left to deal with his own affairs.

Xu Xin also didn't say much and handled the company's last work before the New Year.

However, as a vice president with whom he had worked for a long time, Liu Jiankai could clearly sense that his boss was in a bad mood, so he tactfully stopped talking about Bai Xiaosheng's affairs.

It was not until almost the end of the get off work day that Liu Jiankai met with his boss and mentioned his thoughts on "real gold fears no fire".

"Mr. Xu, Skynet originally wanted to meet me after the Chinese New Year, but I thought I would have nothing to do tomorrow, so I decided to chat with them tomorrow afternoon to learn about new changes in the industry."

Xu Xin was silent for three seconds, then said "hmm" and did not express any opinion.

Liu Jiankai believes that this kind of non-objection is consent.

He continued, "It will be difficult to change the fact that Tianji.com was acquired, and it is difficult to change its original system, but its core team can incubate new projects on their own and even try to attract the original workplace users."

Bai Xiaosheng was established not long ago, and its team does not have much experience, but the core members are really outstanding.

The people at Tianji.com are all experienced veterans. If they can decisively start anew and imitate the mechanism that Bai Xiaosheng has already clarified, they may be able to make a career.

The mechanism is here, and the effect has been preliminarily verified.

The team has been deeply engaged in the industry over the years and has also been able to obtain certain customer resources.

funds……

Liu Jiankai observed his boss's expression and finally said, "The people at Tianji.com want to start another business, and it's easy to get financing. Its founder, Lin Tinghan, is a former vice president of Sina. Mr. Shen is a shareholder of Sina and has a good relationship with Sina's CEO. They suffered another setback today. Sequoia paid a sum of money, and Tianji.com also got some money from selling itself, so they can make a big move in the short term."

"It's a good time. The Internet has developed rapidly in recent years, and the number of employees in the workplace is growing day by day."

"It's a good place. Tianji.com has been working in the field of workplace social networking for a long time, and Baixiaosheng has taken a new direction."

"Renhe, Lin Tinghan has the start-up capital and the connections with Sequoia. If it really develops well, we can also consider investing."

"Mr. Xu, what do you think?"

Xu Xin nodded slightly and then shook her head. She understood what the vice president meant. "You can also consider investing" means that there is no need to invest now. Just have a chat with them and play a role in fanning the flames. If the other party's effect is not good, it will not cause losses to Today Capital.

Liu Jiankai asked, "Boss Xu, do you think I can't convince the people at Skynet?"

Xu Xin shook her head again: "No."

Liu Jiankai's identity is an endorsement. This time, Sequoia Capital China and Today Capital want to invest in Bai Xiaosheng as an endorsement. The rapid development of Bai Xiaosheng itself is also an endorsement. There is still a great possibility of persuading Tianji.com to face up to the changes in the industry.

She looked at the vice president and said thoughtfully, "I was just wondering, even with the favorable conditions you mentioned, can New Horizon Network really beat Yu Xing?"

Liu Jiankai was really surprised. Was this evaluation too high?

It’s not that he doesn’t recognize Yu Xing’s excellence, but can he be this outstanding?
Xu Xin picked up the pen on the table and drew two eye-catching arrows on the paper, one to the left and one to the right.

She said seriously: "Let's go through this matter from beginning to end. Yu Xing came to Capital Today for financing. No, it should be said that Yu Xing came to me for financing. This action is quite heartbreaking."

“It’s an action that makes me consider workplace ethics and family feelings at work.”

Xu Xin said expressionlessly: "Apart from this idiotic scheme, it really worked."

Liu Jiankai said "hmm" in his heart. Indeed, as long as the goal can be achieved, it will be fine.

"From the time he came to the office until now, although this round of negotiations has not been concluded, both we and Sequoia recognize his model and direction." Xu Xin said lightly, "After the Chinese New Year, it will definitely be much easier for him to find funds."

She paused and thought, "In fact, I suspect he has funds with better conditions now."

Liu Jiankai changed his mind and did not rule out this possibility.

"What if we look further ahead?" Xu Xin drew another arrow pointing to the right on the paper. "Yu Xing's company was acquired by Zhenai.com. Now I think about it. Did Yu Xing set his sights on me when he was acquired by Zhenai.com?"

Liu Jiankai hesitated: "This..."

If that's the case, it would be a bit scary.

According to the boss's tracing and speculation, when did Yu Xing consider Li Song and the boss together?
The two of them are in the same team, but they are also independent due to the nature of their work.

If Yu Xing had not been involved in the Internet dating industry, the boss might not have been impressed by him and would not have been able to understand and listen to him carefully.

Investors like Shen Nanpeng also missed out on JD.com. If he was not the boss but another head of Today Capital, he might not be willing to learn more about a company that had just been established.

Liu Jiankai suddenly remembered the analysis he heard in the morning. If Yu Xing were to be dissected, he would have a very dirty heart.

"No matter what, Yu Xing is a man of ideas and abilities." Xu Xin drew two arrows in a row to form a closed loop. "What you just said was just pieced together."

She shook her head and commented, "The so-called right time, right place, and right people are not as good as one Yu."

Xu Xin put down the pen and laughed: "If industry experience is so useful, then it would be too easy for them to start a business and for us to invest. But since you are willing, it's okay to give it a try."

Liu Jiankai instantly said "I am willing", but he thought, okay, the right time is the same for everyone, the right location is not of much use as the boss said, but the right people... Yu Xing can still find other funds.

"Okay, anyway, I'm just exchanging ideas with people in the industry. If they can do well, we can have another target for future investment. If they can't do well, then we will be against Bai Xiaosheng..."

Xu Xin gave his attitude: "Then we will line up for Bai Xiaosheng's B round."

Liu Jiankai nodded and said, this is Mr. Xu, who is responsible for the funds and LPs.

Getting off work in the evening actually marks the end of the last working day before the New Year for Today Capital.

Xu Xin put some documents into her bag and took a bus back home.

As soon as she entered the door and took off her coat, she heard her husband's concern and saw his sparkling eyes.

Xu Xin pretended not to notice, asked her two sons a few questions, and then sat on the sofa.

Li Song was busy running around, and after handing a peeled apple to his wife, he finally couldn't help but ask, "How was your conversation with Bai Xiaosheng?"

Xu Xin gave a direct answer: "No."

Li Song was overjoyed, but he remained reserved and said, "Well, this, right? I said that the investment in Bai Xiaosheng needs to be discussed. You can't just invest just because of what I did. There are still people in your company who share my judgment."

Xu Xin said calmly: "Bai Xiaosheng rejected our investment because he thought the valuation was too low."

Li Song couldn't believe his ears for a moment.

What? What?

He asked in disbelief: "Bai Xiaosheng refused?"

Xu Xin's silence confirmed the answer.

Li Song was surprised and confused, even a little angry: "Why did he refuse?!"

Xu Xin said: "Maybe he has confidence in himself and still has the means to develop."

Li Song looked at his wife in confusion and had to ask for clarification: "How much do you estimate for him? How much do you want to invest?"

"250 million US dollars, 30%." Xu Xin replied.

Li Song really looked up at the ceiling!
He looked at it for a full minute, then suddenly sat up straight and said indignantly, "Bai Xiaosheng doesn't want your investment, I do!"

Xu Xin frowned and said, "I'm tired of talking about this. I think we've talked it through." Li Song looked back up again and this time he looked at it for two full minutes before he became bored. "Forget it, forget it. If they don't want to give it to me, then they don't have to. It's not bad. Bai Xiaosheng didn't get the money from Today Capital. Anyway, I feel better."

Xu Xin watched the TV for 30 seconds and sighed. He thought it would be better to make things clear at once. He solemnly reiterated: "The money of Today Capital comes from partners. We cannot let down the trust of partners who put their money in. No matter who we invest in and when we invest, it is based on the quality of the project, not personal factors."

Li Song thought for a minute and said hesitantly, "What do you mean?"

There seems to be some other meaning in this statement.

Xu Xin simply said: "I plan to wait for Bai Xiaosheng's B round."

Li Song almost jumped up and questioned, "What do you mean? Do you have to vote for him? What's so good about him?"

"Like you said, Bai Xiaosheng has only been around for a short time, so it's okay not to invest now. We can use time and competition to verify its value." Xu Xin said calmly, "Whether Bai Xiaosheng is good or not will be verified by the market."

Li Song got angry: "You..."

Xu Xin looked up at him and said, "We can celebrate this New Year, but if we can't, please don't hinder our son from watching TV."

Li Song noticed the worried looks in his two sons' eyes, slowly held his breath, and sat down again.

Xu Xin turned his eyes to the TV with satisfaction.

Li Song said in a muffled voice: "Okay, Mr. Xu, you are awesome. When people reject you or play tricks on you, you take your anger out on me."

"You..." Xu Xin was not without emotion today. Hearing this, he immediately asked back, "I am venting my anger? You asked me to invest, asked me to invest. Since the beginning of the industry opinion, what effective transformation have you made the company carry out?"

She criticized: "One on the left is hesitant, and the other on the right is reluctant. Look at how they do it! Look at how they attract investment! So is Shen Nanpeng also thinking about investing because of you?"

Li Song counterattacked: "No matter how much you try to attract investment, did he let you invest? You are always looking for this investor and that investor. You are so good, why did they reject you?"

Xu Xin was angry and amused, but when she saw her sons' eyes again, she instantly controlled her anger and glared at her husband fiercely: "Peel me another apple!"

Li Song stood still like a mountain.

Xu Xin gritted his teeth and said, "I'll be yours, Shu Daoshan!"

Seeing that she was speaking in her hometown dialect, Li Song could only stand up reluctantly and peel an apple while muttering to himself.

It’s the New Year, not necessary.

……

"It's New Year's Day! Is it that serious?"

The chairman's office of Fenzhong Media was no longer as messy as it was when the SEC news was first received, but Jiang Nanchun was even angrier than before.

He slapped the table and said through gritted teeth: "The Shen guy is not a good guy either!"

Senior Vice President Ma Ruifeng found it hard to disagree, but he didn't say it out loud.

In the afternoon, Mr. Shen called and asked Fenzhong to take the initiative to terminate the acquisition agreement with Sina.

This is undoubtedly a clear cutting gesture.

But Mr. Shen also has interests in Fenzhong...

Ma Ruifeng didn’t know how many phone calls the two had made. He only heard a fierce quarrel in the last call, and they parted on bad terms when they hung up.

He could only sigh secretly.

When things are good, they are like brothers, but when something goes wrong, they become different.

However, the impact of this SEC investigation...

This was also the first time that Ma Ruifeng had experienced such a thing, and he was somewhat unable to grasp the extent of the shock he had suffered this time.

The most intuitive should be the performance of stock prices.

It is bound to fall, but how much will it fall?

Because of the time difference between the two places, Nasdaq opens at 9:30 p.m. Beijing time, but it also has a pre-market trading mechanism that starts at 4 p.m.

As of nine o'clock now, Fenton's stock price has indeed fallen before the market opens, but it is still $14.3.

Compared with yesterday's closing price of $15.2, the drop is indeed 5.9%, but it is still acceptable.

How much can it fall after opening?

The decline widened to 15%?

Ma Ruifeng has his own bottom line and vaguely believes that 15% should be able to absorb this impact temporarily.

After all, the company has already issued an announcement, one is to cooperate with the SEC's investigation, and the other is to refute Shanfeng's research report and invite well-known international organizations to verify the data.

The Finns did not sit still and wait for death!

Finn is in action!
There is no way to cut ties with Sina at this time. Otherwise, wouldn't that be lowering investors' confidence?
"Our deal with Sina is going to be canceled." Jiang Nanchun sat on the chair and said gloomily after a while, "Someone on Sina's board of directors has clearly come out to oppose it, but it won't be announced today."

Ma Ruifeng breathed a sigh of relief: "That's fine, if you go over the mountain and short us, the market must be watching now."

It has now been clearly defined that "Guoshanfeng Research Company" is a short-selling institution.

He said optimistically: "Within a week, a third-party agency will be able to count the number of screens. Our stock price will slowly hold up, and the domestic market is still going up."

Jiang Nanchun hummed, his brows still furrowed.

He thought about being bitten by a poisonous snake that appeared out of nowhere, and all his plans were messed up, and he was still furious.

At 9:25, the office phone suddenly rang, startling Jiang Nanchun and Ma Ruifeng.

Ma Ruifeng stepped forward to answer the phone, turned on the external speaker, and heard the latest bad news - Guo Shanfeng announced the investigation process and conducted field sampling according to the screen layout announced by Fenzhong. By the way, it also took Pengcheng as an example and gave detailed information on the specific number of screens in each location.

Field sampling?

Just count them one by one!
Is this the stupid method used by short-selling institutions?

Jiang Nanchun and Ma Ruifeng looked at each other and saw the astonishment in each other's eyes. Is this possible? ?

I put down the phone and was speechless.

Five minutes flies by.

Ma Ruifeng stared at the computer screen and swallowed nervously.

The market officially opens at 9:30.

Jiang Nanchun's eyes widened and Ma Ruifeng clenched his fists.

After a moment, both of them felt a black screen before their eyes and a pain in their hearts!
Fenzhong Media, stock price 11.44!

20% crash at opening!

(End of this chapter)