After divorce, I can hear the voice of the future

Chapter 218 Who killed ofo?

Lu Liang spent the entire day collecting evidence and investigating, deducing the process from the known results.

As some people often say, he hits wherever he points.
In fact, it is not the case. Instead, he points to where you hit him.

Know the result first, then through the process of result deduction, sort out the cause and effect, and then strive to maximize the benefits.

In the past, when the funds were small, we could rush in without thinking, but now the amount of funds is huge, we have no choice but to do this.

Finally, Lu Liang set his sights on the non-farm payrolls and unemployment rate data to be released at the end of August.

These two data may be the trigger for the Dow Jones Industrial Average's sharp drop. 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 in Shanghai, including Citi, HSBC, and State Street.

He planned to use $4 billion to short the Dow Jones Industrial Average, and use another $1 billion, with five times leverage, to go long on London gold.

It is an iron rule that when the stock market plummets, gold prices soar.

What's more, with the sharp drop in the U.S. stock market, which is known as a financial beacon, more funds will go to the London gold market for risk aversion, further pushing up gold prices.

With more and more funds available now, Lu Liang can also carry out multi-line operations. Shorting the Dow Jones is a steady profit, while going long on gold is a high-risk and high-return option.

Because he only knows the lowest point of the Dow Jones Industrial Average, but not the highest point of gold.

The market situation of London gold can only be determined by one’s own judgment, so one dare not use high leverage or invest too much money.

The idea is to make some money and run away.

While Lu Liang was busy with the advance preparations, two major and minor events happened on the Internet in the past few days.

The one-month deadline has passed and Dai Wei has not returned. He keeps saying that he is still looking for investment, but it is basically certain that he has run away.

As a result, a bunch of suppliers sued ofo, and Dai Wei was also listed as a dishonest person.

However, it was of no use. Ofo disclosed its assets and the total funds in the company's account were only over 100 million.

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 to operate the website, and it would be completely doomed.

There is nothing to fear for companies that are in a state of disarray. Anyway, the current deputy general manager only gets a fixed salary of tens of thousands of yuan per month and has to do his job accordingly.

The suppliers were indignant, 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 they really take it and ofo goes bankrupt, it will become a bad debt.

If you don't pick it up, it will at least be considered a bad debt. Although the possibility is very small, there is still hope of recovering it little by little.

After all, there are still more than a million bicycles.

As soon as the news came out, more than 1800 million creditors once again made ofo a hot topic, and also involved Dai Wei and his family.

This scared Weibo, and they could only forcibly hype up Wang Bao's divorce incident in an attempt to cover up the public opinion about Dai Wei.

However, Forbes continued to heat up the topic and released an exclusive interview with Lu Liang titled "Who Killed ofo?"

"This is about a veto incident..."

Through Lu Liang’s story, netizens finally understood why ofo, once a powerful company, collapsed almost overnight.

During the A round of financing, Jinshajiang became ofo's strategic investor and obtained a veto power on the board of directors.

During the B round of financing, Didi also became ofo's strategic investor and also obtained a veto power.

Including Dai Wei, one company has three veto powers, but ofo is still not satisfied.

During the C round of financing, Matrix Partners was introduced, and the fourth veto power was born.

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, Meituan took over Mobike with great force, and someone secretly leaked the news that Lu Liang cashed out at a high price.

Ofo was forced to introduce Ali, who took over the equity of Jinshajiang and wanted to parachute in the management, but Dai Wei disagreed, so the four veto powers began to be exercised in turns.

Including Ali's plan to introduce SoftBank, the originally agreed $500 million investment was abruptly delayed.

"Damn it, Dai Wei thinks he is Liu Che? Playing the Enfeoffment Order? He doesn't even look at what the United Nations is like."

"Even those of us who have never run a business know that the worst thing to do during the start-up phase of a business is to have two suns in the sky and four suns in the end."

"Haha~ With this decision, ofo deserves its death."

"Am I the only one who thinks that Lu Liang looks more handsome and younger than the ID photo on the city's publicity website?"

"Don't be too hot, no matter how handsome you are, can you eat? Or help me return the 199 yuan deposit?" "Now that things have come to this, what can I 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 life of Tianxing 3 is? Three years, and the flowers are all withered."

Seeing that public opinion was shifting, Weibo's operations department decided to choose the lesser of two evils.

The Dai family really couldn't be provoked, so he could only apologize to Lu Liang first and help him look through the entertainment industry to see if there was any explosive news that he could expose to help him defend against public opinion.

These days, they have been very nervous and worried about receiving a call from Lu Liang to hold them accountable.

However, Lu Liang seemed unaware that online public opinion was very smooth during the first few days.

It was not until the Wang Bao divorce incident fermented again and Ma Song started to make trouble that the focus of public opinion shifted away from Lu Liang.

"Thank you Wang Bao, thank you Ma Song."

The Weibo operations department wanted to erect a monument for them and hype up Wang Bao’s divorce.

After all, if they can talk about the entertainment industry, it is best to only talk about the entertainment industry. If they talk about other things, the scope of the discussion will be too broad and they will not be able to grasp the topic.

At the same time, Lu Liang adjusted the time difference and went out at night and hid during the day to prepare for shorting the Dow Jones Industrial Average.

"Did the 20,000-point attack fail?"

That night, he went to the trading room next door and looked at the three major stock indexes displayed on the wall, namely the Dow Jones, S&P 500, and Nasdaq.

Although the meaning and status are very different, if you try hard, you can find corresponding products in China.

Such as the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index.

The Nasdaq corresponds to the domestic ChiNext, but the listing requirements 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.

Stocks like Panda, NIO, Li Auto, and even the almost dead ofo, would probably choose the Nasdaq if they could meet one of the conditions.

Although the conditions for Nasdaq to be listed are relaxed before listing, there is a set of strict implementation standards after listing. However, unlike the A-share market, as long as you are listed, you basically have a stable job.

For companies listed on the Nasdaq, the opening price must be maintained above $4 for 90 days and must not be lower than $1 thereafter, otherwise they will be downgraded or even delisted.

On the contrary, it will be pushed into the global market, seen by more people and more institutions, and financing will become easier.

Lu Liang chose to short sell the Dow Jones, which, in a sense, means he is short selling the American Shanghai Composite Index.

As it is the world's largest and self-proclaimed freest market, short selling futures has become a professional project.

For four billion US dollars, only one thousandth of the stamp duty per transaction is required, and there are no other charges.

“Take the Dow Jones as an example. When it is about to hit 20,000 points, sell the short index orders and go long on London gold at the same time.”

Lu Liang looked relaxed, with a pineapple bun in one hand and soy milk in his mouth. He no longer had the nervousness he had at the beginning.

After a year of running-in, this operations team has become very capable and he only needs to grasp the general direction.

It is estimated that it will not be long before Lu Liang will retreat behind the scenes, be reborn, get out of private equity and switch to public equity.

If public and private equity cannot coexist, then they should not coexist.

It’s not that we can’t support a puppet to take power. In the future, private equity will focus on overseas and public equity will focus on domestic markets.

At 0.14:0.22 in the evening, the U.S. stock market opened, and the three major main boards all rose slightly by %-%.

The Dow Jones Industrial Average is at 19850 points, setting new historical highs almost every month since the implementation of quantitative easing policy in 08.

In six years, the index has more than tripled from a low of 6469 points to nearly points today.

This also reminded Lu Liang of the time when he went to Macau with Xiao Wang many years ago. He remembered that there was a card table at that time, and ten hands were played in a row.

I heard that casino gamblers have a professional term for this kind of card pattern, called chasing the dragon.

Lu Liang saw many gamblers, some bet 1000 on the first hand, 2000 on the second hand, and 4000 on the third hand.

If you bet ten times in a row like this and keep doubling your money, 1000 yuan will become 102.4 million after ten bets.

But by the third or fourth hand, they start to bet less and less until the banker stops winning, which is also called "breaking the dragon".

The same is true for the stock market. Fear of heights is human nature.

This rapid rise has accumulated a large amount of profit-taking, and the market's expectations for continued rise are too high.

Any adverse news could shake investor confidence, leading to a massive sell-off.

As a result, a flash crash will occur.

(End of this chapter)