Originally, the outside world thought that this North American subprime mortgage crisis would be resolved soon, but now it is becoming increasingly serious. The entire Wall Street is deeply involved, and Nasdaq, which belongs to the technology industry, is no exception.

Compared with North American real estate, which is almost unable to stop the collapse of cars, the impact of Nasdaq is certainly not that great, but now all the technology stocks in Nasdaq are beginning to fall back, and Chuko's listed companies are no exception.

Especially Facebook and Autohome, Facebook has fallen below the issue price, and its market value has dropped to 90 billion US dollars. The market value of hundreds of billion US dollars has been wiped out. Although it is all paper data, and not just Facebook, other technology giants, Microsoft, Amazon, Cisco and other giants have not been much better during this period, but it is really too terrifying.

Bear Stearn, one of the five major investment banks on Wall Street, has already shown a shaky trend. Bear Stearn, which was once rich enough to rival a country, has dived directly from $170 to $30.

Nowadays, the assets on paper are less than US$42 billion. Coupled with huge debts and the pressure of global investment institutions and investors to redeem funds, Bear Stearn can no longer withstand it, and even rumors have been heard. If no takeover appears again, Bear Stearn may really be lying down.

The change was so fast that no one could react. Bear Stearn was about to lie down. As for the mortgage payment company in North America, it began to fall in large numbers with the complete shutdown of North American real estate.

The major banks, consortiums, investment foundations, venture capital, etc. around the world that were unlucky, have all recovered their funds in order to protect themselves. Except for the bold and smart banks, they also dare to invest money to Bear Stearns, Lehman Investment Bank, etc., the other investment institutions are now unwilling to make a sub.

As for the venture capital and institutions investing in Chuke Technology, although they have not recovered the funds invested in Chuke, in the face of industries such as Facebook, Autohome, and Oriental Net, which have been falling in stock prices, they must want Chuke to make some moves to increase the stock price. After all, every drop of one point will be a huge loss for KPCB, Sequoia Investment, etc.!

When Chen Chu heard Qiao Xueling's words, he just laughed indifferently, clicked yes, and asked her to put the phone aside, but he was not in a hurry to call Douglas Collinger, the old fox.

This is obviously because Chu Ke is the sucker, so Chen Chu will not be too uncomfortable. If he wants Chu Ke to pay for the losses of KPCB venture capital, it is enough for Chen Chu to not take advantage of the situation and he is still hoping to cheat Chu Ke. Chen Chuzhen feels that these venture capital investors are thinking too much.

After catching fish for a while, the phone finally rang again. After Chen Chu answered it, the old fox's anxious voice immediately came, "Chen, when will you return to Yanjing?"

"Director Douglas, but it's been a long time since we met," Chen Chu ignored this and said to him, "You also know my current situation. I really can't get rid of it. It may take some time to return to Yanjing!"

Douglas was choked and couldn't speak. Of course he knew what Chen Chu was busy with. The head of the technology giants all over the world was probably the only one who was waiting for the baby at home.

None of the other technology companies are now in a hurry, raising funds everywhere to deal with possible risks. However, Douglas suddenly thought of the hundreds of billions of dollars lying on Chuko's account, and couldn't help swallowing his saliva. It seemed that Chuko had nothing to worry about.

"Chen, now you need to return to Yanjing. You also know the situation of the technology industry. Facebook's stock price has fallen below the issue price. Changes must be made. We have lost more than 30 billion US dollars!"

Douglas said to Chen Chu, and even warned Chen Chu "Xiao Xiao", "Chen, if Chu Ke does not make some changes, Facebook and Autohome investors may make some impulsive actions!"

The so-called impulsive actions are nothing more than collective lawsuits for Chuke Technology and launching huge claims against Chuke. Of course, behind this is the Vulture Lawyer Group fanning the flames, and investment institutions such as KPCB, Sequoia, and Goldman Sachs are acquiesced, otherwise it would be impossible to form a class action lawsuit.

"I want to know, this is what Director Douglas meant?" Chen Chu raised his eyebrows and saw the fishing rod that suddenly trembled. Chen Chu had no intention of pulling up the fishing line. He let the fish struggle and leave, and the lake surface began to calm down again.

Douglas heard the change in Chen Chu's tone and quickly said, "Chen, you know me, we have been working together for so long. I have always supported Chuko, but I also need to explain to the KPCB board of directors and the investors of KPCB!"

Douglas also knew that what he did today was an offending Chen Chu and Chu Ke, but he could only bite his teeth. Behind KPCB is also composed of a group of investors, but compared to ordinary investors, KPCB investors are all worth a lot of money, and this year's KPCB venture capital revenue is destined to be extremely bleak. Not to mention the high returns, it is estimated that the principal will be difficult to recover.

At this time, Chu Ke, which has been bringing returns to KPCB venture capital giants in recent years, also began to experience a decline. Facebook, Autohome, Oriental Net, Tianya, Maopu, etc., the stock price of KPCB has dropped sharply during this period, making KPCB feel extremely painful.

Especially Facebook, Autohome, and KPCB, as original shareholders, are not yet on the lifting period, and the stock price cannot be sold at all. In the past, they could transfer those stocks to private equity funds, consortiums and the like, and they could raise cash through some means. But now who would take over those stocks that fell sharply every day is too late to run, let alone take over.

Douglas said to Chen Chu tentatively, "Chen, Chu Ke now has enough cash. If you issue equity repurchase to Facebook and Autohome, it will definitely increase Facebook's stock price, which is also an explanation for investors!"

Hearing this, Chen Chu couldn't help laughing. This old fox is really brave enough to say it. It seems that the investors of KPCB are really anxious.

"I think Microsoft, Amazon, Google, Yahoo, Oracle and other companies have not initiated repurchases, right?"

Chen Chu said to Douglas, "If you initiate a repurchase, would you want Chu Ke to buy the Facebook equity in KPCB according to the previous issue price?!"

Douglas laughed, and he knew that he was not authentic. At the time, it was KPCB, Goldman Sachs, Morgan and other institutions, who asked Chuko to buy Facebook equity, but now they have to blame them, that is, they can take advantage of it, but they can't suffer any losses, and they don't even want to face it.

"Chen, I think we have to meet and have a chat. Chuko needs to take some measures to the listed company." Douglas said helplessly.

Chen Chulin hung up the phone and said, "I will return to Yanjing, but not now. Chu Ke will also make plans for listed companies such as Facebook, but not according to the plan of KPCB Venture Capital. Director Douglas, I think it is necessary to re-examine Chu Ke's relationship with KPCB Venture Capital!"

Hearing the sound of hanging up the phone, the old fox Douglas threw his phone angrily and said angrily to Mark Kwam, the Asian director of Sequoia Investment, sitting opposite, "You are satisfied now!"

Mark Kwam, who had fought with the old fox for so long, was also helpless and looked at Douglas and said, "Is there any better way? Now the only one who can solve the problem is Chen."

"I'm afraid Chen had expected it!" Mark Kwam looked through a bunch of information that gave him a headache. All of them were invested by Sequoia, and they were almost all of them. They were all reaching out to ask for money from Sequoia, otherwise they would go bankrupt, which made Mark Kwam feel disheartened.

Although there are some complaints, the only thing that makes Mark Kwam feel at ease now is to invest in Chuke Industry. Although the returns have plummeted, they are unwilling to worry about bankruptcy, so the money they invested is wasted.

From last year to this year, Chuko almost mortgaged, sold off all the mortgaged industries and raised huge amounts of cash. Mark Kwam had a premonition that, otherwise, Chuko should take action.

Douglas Collinger thought about Chuko's actions since last year, and was ridiculed by all walks of life at that time. Chen Chu actually believed that the crow's mouth was rude, and many people thought that Chen Chu was afraid that he would be crazy about gaining and losing his mind, so he took out the high-quality industry such as SG Games and Onyx Technology to mortgage it for cash.

Looking back now, Mark Kwam discovered that the clown was actually himself, and Sequoia Investment was also one of the clowns who gave cash to Chuko, but now she can do nothing and can only watch.

Even Mark Kwam felt that the current dilemma of Lehman Investment Bank was closely related to Chuko. Lehman raised at least tens of billions of dollars in cash for Chuko, and almost took time out his cash flow. He was a great charitable person this year. I just don’t know what the management of Lehman Investment Bank feels like now, and I guess he has the heart to kill the president of Lehman Investment Bank.

"Let me release the news of Chuko's repurchase. Now I can only look forward to it. Wall Street has not reached its worst time yet!" Douglas sighed helplessly, and was ready to raise money for KPCB again.

KPCB venture capital and Sequoia Investment jointly released the news that Chuko was about to buy back its stocks, which finally made Facebook barely stop its decline.

But just like the rain was raining all night, Bear Stearn had not yet fallen, and good news came out that Morgan Investment Bank seemed to intend to take over Bear Stearn. At this time, a century-old Lehman began to urgently sell himself, and claimed that if he could no longer get funds, Lehman Investment Bank would file a bankruptcy application.

The investment industry, which was already in turmoil, broke its defense almost instantly. The mess of Bear Stearns finally found some hope of solving it, but Lehman Investment Bank had another problem.

At this time, no one in the investment industry thought that Lehman Investment Bank would fall. After all, if it collapsed, the entire subprime mortgage industry would really collapse, which means no one would provide a guarantee.

However, some people wail and some people cheered. Smith, who was in North America, happily called Chen Chu.

That excited expression, just listening to the tone, Chen Chu could even think of what this guy, Smith, "Chen, do we want to take action now? This is a big meal!"
Chapter completed!