The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 500 The difficult situation of Amazon and Yahoo
"...Boss, why don't we ask Goldman Sachs for help? The only financial institutions that have the strongest cash flow in the beautiful country and are capable of helping us are those few financial institutions! Goldman Sachs once invested in us, maybe we can still win ~!" The subordinate finally bit the bullet and came up with a more reliable method.

"I heard the news before that Steve Jobs of Pingguo Company received help from Goldman Sachs Group. The current downward trend of their Pingguo Company's stock price has slowed down significantly..."

Hearing what his subordinates said, Sobes suddenly felt overwhelmed.At the beginning, he just felt that Goldman Sachs Group and Chen Daojun didn't greet him and sold the company's shares to three financial institutions, which made him make things difficult for these three financial institutions for a long time.

Now he has to go to Goldman Sachs Group and Chen Daojun for help. Doesn't Sobes want to lose face?He had been aggrieved for so long and asked him to ask his "enemy" for help. How could he swallow this? !

"Apart from Goldman Sachs Group, don't we have any other target we can turn to?" Sobes said with some indignation.

"... Maybe there is, but the conditions proposed by the other party will definitely be quite harsh. There is no such thing as a free lunch these days. What's more, the current Internet industry is in a downward trend. It is very difficult to persuade the other party to invest in our Amazon company!"

"..." Bezos was silent. Although he didn't want to admit it, the current situation described by his subordinates was so cruel. If they wanted those smart financial institutions to help them tide over the difficulties, they would definitely have to pay a high price.

Rather than being yelled at by those unfamiliar financial institutions, it is better to contact Goldman Sachs Group, which has had cooperation opportunities, and their requirements will be relatively less demanding.

……

After some ideological struggle, Bezos finally agreed to ask Goldman Sachs for help.After all, at the moment of the company's life and death, his personal face and dignity seemed a bit unsightly.If Amazon goes bankrupt, Sobeth's life will not be much easier in the future!

……

In addition to Amazon and Microsoft, Yahoo, a company listed very highly on Nasdaq in the beautiful country, is in a terrible situation.

After Yahoo went public in 1996, its stock price rose from $33 to $43 on the opening day.

Tim Koogle, Yahoo's chief executive, chose advertising as the company's source of revenue. In 1997, Yahoo's advertising revenue reached $7040 million, and in 1998 it was $2 million.Along with the rise in revenue came a string of acquisitions by Yahoo.The Internet companies it bought included Geocities, Broadcast.com, Four11, which were very famous at the time...

In a series of acquisitions, joint ventures and its own business expansion, Yahoo has changed from a search engine to a comprehensive portal covering movies, music, and TV, providing all imaginable services from email, instant messaging, advertising to shopping, and more. There are Yahoo websites in 21 countries and 12 different languages.

By the beginning of 2000, Yahoo Yahoo's share price reached a historical high of US$475 (before splitting shares), and its market value reached the peak value in the company's history, which is US$1250 billion!
As the founders of the company, Jerry Yang and David Filo are also suffering from headaches. They did not expect that a sudden crisis in the Internet industry would erupt like this, and it was out of control. After more than two months, it still did not stop. signs.

Since the Nasdaq index plummeted on March 3, it has fallen for more than 10 months in a row, and the company's stock price has also fallen from 3 billion U.S. dollars all the way. It has fallen by more than 1250% at present, and it can't stop falling again and again.

They also tried to find financial institutions to obtain financial support from them to stabilize the company's stock price.It's just that they obviously underestimated the impact of the "crash" of the Internet industry. Internet stocks that once made money when they bought them and rose when they were sold have now become junk stocks that lose money steadily. They fall as soon as they are bought, and the decline is endless!

They have also tried to find financial institutions such as Morgan Bank, Goldman Sachs Group, Mellon Bank, Boston Bank, Franklin Bank, etc., but they are not interested in Internet companies that have already been hit by thunder, and they are even afraid to avoid them.

They are not willing to take over and help Yahoo tide over the difficulties at all. After all, they only see huge risks in Yahoo. As for the benefits... a "bubble" company with a market value of more than 1000 billion US dollars and a profit of less than [-] million is really not worthwhile. I miss you!
……

Yang Zhiyuan and David Filo also tried to contact these major shareholders in the board of directors and tried to seek help from them.But it's a pity that these guys are also too busy to take care of themselves, and have no time or funds to save Yahoo.

Without any help, Yahoo executives could only watch as their company's stock fell again and again, like taking laxatives, with no end in sight...

------Dividing line------

After finishing the "investigation" at the imperial capital, Chen Daojun took Rachel and Yong Jingwen to Lin'an City in the south, intending to meet Ma Qingyang who was in a trough.I heard Li Taiyong mentioned before that this "newcomer" who has just entered the Internet industry, relying on his outstanding eloquence and speeches, abruptly attracted tens of millions of dollars in investment!
But the luck was really bad, I spent a lot of money, and when I was about to do a big job, I happened to catch up with the Internet crisis sweeping the world. Before I caught up with the dividends of the Internet, I went straight to GG!
On the way to Lin'an City, Rachel asked with some confusion, "Boss, isn't the Ma Qingyang you're talking about an unlucky guy? Why did you go all the way to the south to see him?!"

Rachel's question also attracted Yong Jingwen on the side. They really didn't understand what could be so attractive about a middle-aged man who memorized everything like this and was still so young? !
Chen Daojun said with a smile, "You guys, don't just take it at face value! He's just unlucky, but that doesn't mean he's incompetent! There's an old saying in Yanxia Country that 'it's better to add icing on the cake than to provide help in the snow'! As an excellent investor, you should be there when others are at their lowest point. When the time comes, lend a helping hand and give him a lift.”

"When he becomes successful in the future, he will always remember your kindness, and he will be able to bring you tenfold or a hundredfold generous rewards!"

Rachel disagrees with Chen Daojun's point of view. In her opinion, there are too many capable but unlucky people these days. If they all have investment value and potential, then there will not be only such a few successful people in the world. !

Looking at Rachel who still didn't believe it, Chen Daojun didn't explain too much.In his plan, he pulled Ma Qingyang into his camp, or even subdued him, just to start a series of plans for online payment and online banking!

As the founder of "Xubao" in the previous life, there should be no one more professional than this Ma Qingyang in Internet payment and online banking!Moreover, their Miracle Group is about to acquire Hanjin Holdings Group, a physical bank + Internet bank, a two-pronged approach will definitely create a new "miracle" in the banking industry!
(End of this chapter)