"Baili Group announced its first quarter financial statements, with profits falling sharply..."
"The Internet industry bubble burst, and Baili Group was not spared..."
"The Longteng e-commerce system has been upgraded, and Baili Group has encountered an unprecedented crisis..."
There has been a lot of negative news about Baili Group in both domestic and foreign media.
Moreover, these news are analyzed from a professional perspective and analyze the crisis currently faced by Baili Group.
Not optimistic, everyone is not optimistic. Especially after the upgrade of Longteng e-commerce system, everyone is even less optimistic. And Longteng Group has also announced a series of policies, especially for the layout of overseas markets. Some overseas markets of Baili Group have also become
The focus of Longteng Group on opening up new markets.
Fangs, in the eyes of outsiders, Longteng Group once again showed its fangs to Baili Group. This is not surprising to everyone, after all, one mountain cannot accommodate two tigers.
Currently, Longteng, Baili, and iFlytek are the three giants in the domestic retail industry. However, there has been a steady decline in the past few years, and Longteng Group's market share has continued to expand.
Whether online or offline, Longteng Group is expanding. On the contrary, the markets of Baili Group and iFlytek Group are being swallowed up bit by bit by Longteng Group.
Facing the giant Longteng Group, Baili Group and iFlytek Group are really overwhelmed. There is no way, the benefits provided by Longteng Group to its employees are too good.
This results in Longteng Group's services being particularly good, especially in its offline retail stores, which everyone has a deeper understanding of. However, the services of Baili and iFlytek's offline retail stores are much worse.
Therefore, Baili and iFlytek cannot compete head-on. They dare not engage in price wars, so now they can only avoid Longteng Group.
Such a situation naturally makes investors not optimistic about Baili and iFlytek. After the upgrade of Longteng's e-commerce system, the stocks of Baili and iFlytek once again experienced major turbulence.
Baili Group and iFlytek Group have been having constant meetings in the past few days. The purpose is to discuss countermeasures, how to face the future, and at the same time discuss how to transform.
Secretly, Zhang Fan and Ma Baili continued to repurchase shares through capital operations. In order not to attract attention, the two even used their relationship networks to let other companies come in to help them repurchase shares.
Those people were naturally willing to do such a favor. After all, Zhang Fan and Ma Baili provided the money, and they were just doing a favor and passing it on.
A lot of funds were mobilized this time, and Zhang Fan also mobilized the funds he could mobilize. These funds did not put much pressure on Zhang Fan.
Zhang Fan now has a huge amount of liquidity in his hands. The profit from this stock market crash has made Zhang Fan weak. Adding the liquidity in the company, Zhang Fan can currently mobilize more than 500 billion US dollars in liquidity.
Therefore, it is still very easy to repurchase these stocks. However, Ma Baili does not have much funds at his disposal. He can only borrow money from Zhang Fan, using the company's shares as collateral, and using the company's dividends to repay the money in the future.
This time, Ma Baili owed Zhang Fan a huge favor. It would have been impossible for anyone else to do this. After all, the funds were too huge.
Through this incident, Ma Baili also saw Zhang Fan's courage. Most people don't have this kind of courage, and they can't afford it.
But Zhang Fan dared to play. For Zhang Fan, the money could not be lost. However, the money also returned some benefits, and these benefits were the shares in Zhang Fan's hands.
Forty-nine percent of the shares are non-dilutable in the future. Even if Baili Group is listed again in the future, Zhang Fan will still hold so many shares, and dilution will only dilute Ma Baili's shares.
Time flies by quickly, and it’s mid-May in the blink of an eye. For many people, these two months are like a dream.
Especially for the Internet industry, it has experienced an unprecedented cold winter. The market value of the global Internet industry has evaporated by nearly five trillion US dollars in just two months.
The global stock market is not doing well either, with many countries' stock markets almost collapsing. Even the U.S. stock market has suffered heavy losses, and some countries have been almost bankrupted by financial giants.
The global economy has been robbed by some people. According to preliminary estimates, nearly 10 trillion US dollars have been robbed around the world in two months.
This has caused the already sluggish global economy to once again experience a catastrophe. Currently, all countries are trying to find new ways to reinvigorate the economy.
In this stock market crash, China became the biggest winner. As for how much it won, only insiders know, but judging from the attitudes of various countries towards China during this period, we know how much China won.
In the past two months, Longteng Group has experienced crazy expansion, especially in the social system. Currently, QQ has become the world's largest social media.
The number of QQ downloads worldwide has exceeded 2 billion. This number is very scary. This means that one out of every three people is using QQ.
Especially among young people, QQ has become the social software of choice. With the expansion of QQ, the huge support base has transformed into a powerful consumer group.
Sales of many of Longteng Group's products have surged, and the surge in profits has made many companies jealous.
Compared with the high spirits of Longteng Group, other Internet industries are not doing well. Twitter is basically finished. After being shorted by capital, Twitter is currently preparing to file for bankruptcy.
Amazon in the United States also suffered a heavy blow. Its market value plummeted by 40% in just two months, and its stock price evaporated by nearly 400 billion.
Amazon's market capitalization once exceeded one trillion US dollars, but now it only remains at 600 billion US dollars. It took Amazon two months to go from heaven to earth.
Baili Group's stock evaporated again, falling from 200 billion to 175 billion U.S. dollars. The market value of iFlytek Group has dropped even more sharply, to 100 billion U.S. dollars. If it falls further, it will fall below 100 billion U.S. dollars.
Other Internet companies are similar, with all of them falling sharply. Many rich people have seen their net worth shrink significantly. Some super rich people have gone bankrupt directly.
When the tide recedes, you can directly see who is naked. And it is not just the Internet industry that has suffered losses, but the global real estate industry has also suffered a big blow.
The severe economic situation has caused countries to look for new solutions.
On May 17th, Baili Group held a press conference at its headquarters in Hangzhou. Many media reporters were notified and everyone was very curious about this press conference.
At eight o'clock in the evening, Ma Baili appeared at the press conference. There was a smile on his face, and he could not see any disappointment. His net worth had shrunk a lot in the past two months, but Ma Baili didn't care.
Because in these two months, he and Zhang Fan completed their tasks. Through the efforts of this period, all the shares of Baili Group have been returned, and Baili Group has completed the privatization. This is a great opportunity for Baili Group.