Our Rise Era

Chapter 142 The biggest financial crisis in history!

Late 2001.

Under the watchful eyes of the public, China officially joined the WTO.

Since that day, China's economy has experienced an unprecedented boom.

however……

Along with the rapid development, there comes the inevitable and overwhelming amount of fake goods.

Although, every year, [fake goods] become a top priority and are brought out for discussion, infringement has even become the most troublesome issue for leaders of the Internet and related departments.

However, despite the huge Chinese market and billions of people, the problem persists despite repeated bans.

The entire Chinese market has been banned repeatedly, let alone Baotao.com.

This is a difficult problem in itself.

Early September was a disastrous month for all the staff of Baotao.com as they were the target of public criticism.

The [fake goods incident] was a mess, and the entire [BaoTao.com] project team was in great distress.

Ma Yunqiang is very calm.

After convening an internal meeting, he finally announced publicly that he would spend 2 million yuan a year to solve the problem of counterfeit goods on Baotao.com.

Moreover, when facing the interview of the reporter, he promised that as long as you bought fake goods on [Baotao.com], he could definitely solve the problem!
They also promised that not only could the products be returned, but compensation would be given, the seller’s store would be closed, and a “patrol team” would be organized to conduct an internal investigation into the counterfeit incident.

Having made these promises...

And after dealing with a group of counterfeit merchants in public...

This [fake goods] incident has finally been completely resolved.

Zhang Yang's pace this time was so fierce that it directly or indirectly caused economic losses of nearly 300 million or even more to Baotao.com!
"【Xun Teng Technology】has officially invested in 【Xiaomi Mall】. Well, in fact, he not only invested in 【Xiaomi Mall】, but also invested in 【Douniu Video】..."

"..."

9 month 15 day.

The sun is shining brightly outside the window.

In Hangzhou, Ma Yunqiang stroked his aching head and looked out the window silently.

After seeing the latest news about [Xiaomi Mall], Ma Yunqiang realized that he would have to face the aggressive [Xuntong Technology] again for a long time to come.

He could even foresee that China's e-commerce would enter its most chaotic era from now on.

Zhang Yang...

In fact, he never took Zhang Yang seriously.

He is always a clown who can be crushed to death at any time, and cannot even be called an opponent.

But if you encounter [Xun Teng Technology], then the game on the chessboard will no longer be so simple.

In fact...

Starting from this year, when the [Maimai Mall] was launched...

Ma Yunqiang's nerves have been highly tense.

Although he had absolute confidence in his own system, he still remained absolutely vigilant when facing Xunteng Technology, which had relied on learning all the way and killed the original owner.

Even in late this year, when [Maimai Mall] felt that it was losing its momentum and everyone at [Baotao.com] breathed a sigh of relief, Jack Ma was still paying attention to the developments of [Xuntong Technology].

In his heart...

[XunTeng Technology] is definitely not someone who gives up so easily!

but……

These are just stumbling blocks. The final winners will definitely be us.

Under the warm sun...

Ma Yunqiang told himself this in his heart.

Just when Ma Yunqiang was about to close his eyes and take a short break...

The phone suddenly rang.

When the phone rang, Ma Yunqiang was stunned and even stood up from his chair in shock.

Immediately afterwards...

His expression changed greatly.

"Mr. Ma, what's wrong?"

"Something big happened in the United States!"

"What's the big deal?"

"..."

..........................................

2008 9 Month 15 Day.

A piece of news from the other side of the ocean was like a bomb, directly blowing up the entire Chinese financial circle!
News, media, countless investors, countless capital...

Even though it was predicted that the "subprime mortgage crisis" in 07 would cause shocks in the global financial circle...

Some pessimists believe that this "subprime crisis" will be like the Japanese real estate bubble in 90, the Asian financial crisis in 97, and the Dot-Com bubble in 01...

However, no matter how pessimistic a person is, they could not have imagined that this financial crisis would be even more terrible than they expected!
On the morning of September 9, the working hours at [Lehman Building] had not yet begun...

Countless crowds of people rushed into the building.

Some people are wearing suits, some are wearing casual clothes, some have messy hair, and some are walking in a hurry...

However, everyone's expressions were very solemn. Without saying a word, they walked into their own companies and packed their personal belongings...

9 o'clock in the morning...

Wave after wave of people carrying suitcases walked out of the entrance of the Lehman Building...

The reporters who had already gathered outside rushed forward like crazy...

Some people remained silent, lowered their heads and disappeared into the crowd, while others could not suppress the anger deep in their hearts and angrily scolded the reporters...

Some people found it difficult to accept the reality and choked up and burst into tears on the spot!

……

Under the camera, people of all kinds form a picture that looks like the end of the world!

All of this is telling one thing...

That is!
[Lehman Brothers], the fourth largest investment bank in the United States filed for bankruptcy.

This 158-year-old investment company, once ranked fourth in market value among American investment banks, and at its peak controlled the lifeline of Wall Street. Under the shocked eyes of countless people, it collapsed overnight...

Within hours of the collapse, money market mutual funds experienced a run throughout the U.S. and even the global market. The night before the collapse...

There are even salesmen running around, introducing their "investment projects" and businesses...

Enthusiastic people, even immersed in the idea that these funds are still considered to be almost risk-free, invested a lot of money...

However... one day!
All exploded!

On September 9, Lehman Brothers declared bankruptcy.

Then, it happened like dominoes.

On September 9, Merrill Lynch was in danger, and in order to avoid repeating the same mistake, it hastily sold itself to Bank of America...

On September 9, the remaining Morgan Stanley and Goldman Sachs hastily transformed into commercial bank holding companies in order to receive capital injections from the US government. Only in this way can they boost investor confidence, but at the cost of accepting supervision from the Federal Reserve...

On that day, the Dow Jones stock index suffered its largest single-day drop since 911/, and the entire American financial market collapsed...

In the following days, from the financial market to the credit market and then to the real estate market, the core financing market where financial and non-financial companies provide credit was almost all in trouble. Nearly millions of homeowners faced losing their homes or falling into a "repayment insufficiency" situation, and nearly 10 people lost their mortgage foreclosure overnight...

……

Affected by the financial crisis in the United States, the entire month of September.

The Chinese market has always been shrouded in the shadow of the financial crisis.

This is a crazy financial tsunami.

To some extent, it is also the biggest financial crisis in human history!

Almost every day, the news reports the tragic situation of countries around the world after the financial crisis...

The first to be affected was China's stock market.

From the peak of 6200 points last year, to September this year, the Shanghai Composite Index fell to around 9 points, reaching an unprecedented historical low!

It’s even crazier than last year’s stock market shock…

Overnight, the entire stock market was filled with a doomsday atmosphere, and countless people broke down and cried in this disaster.

Newspapers in Hong Kong reported from time to time that many buildings had added security patrols, but by the next day, many hideous corpses appeared on the streets...

And those "experts" who had been advocating this policy from the beginning of 08 until August seemed to have disappeared overnight.

..........................................

10 month 5 day.

Pengcheng.

There was a drizzle outside the window.

Fatty Yuan watched the news about [people lined up to jump off the building at Flower Lam Building in Hong Kong last night] and felt his whole body covered in cold sweat.

If only...

wrong!

It's no longer the same as before.

Although he has not traded stocks for nearly a year, that feeling of fear still lingers in his heart like a haze.

He is sitting on a chair...

After gasping for a long time, he finally came to his senses.

“A system of financial regulation that took decades of careful development and relentless fine-tuning has completely broken down…”

The office door opened.

Fatty Yuan quickly stood up and looked at Zhang Yang.

But Zhang Yang was watching the news on TV and said these words very calmly.

After seeing Zhang Yang, Fatty Yuan seemed to have found his backbone, and finally calmed down a little. He then nodded tremblingly, with lingering fear: "This capital game is too scary."

Zhang Yang nodded.

He looked out the window, then at Fatty Yuan: "Come with me!"

"Where?"

"Build our own system!"

"What system?"

Zhang Yang did not answer, but took Fatty Yuan out of the office.

After leaving the office...

Zhang Yang looked at the door of the office. He didn't know when a group of people had gathered there.

There was Sophie, who was wearing a skirt and holding a folder, with a serious yet excited expression on her face.

There was also someone who remained silent, looking down at the documents from time to time with a very solemn expression. Chen You, the former [Xia Li R&D Manager] and now the [Wheat R&D Manager]...

At the same time, there was also the nouveau riche Chen Tiangui, who was pot-bellied, smoking a cigar, and had trembling fingers...

……

Look at these people.

Fatty Yuan was stunned.

But then, he instinctively realized that Zhang Yang might be about to do something big!

He followed Zhang Yang...

Watching Zhang Yang and these people walk into the conference room.

When Fatty Yuan sat down...

Fatty Yuan looked at a stack of documents in the conference room.

He was stunned.

Then, open these materials.

Then, I discovered that the data included a series of small and medium-sized enterprises that were hit when the financial crisis hit in September.