It seemed that he felt that Yang Cheng had some reservations in his words, and Liu Dong was also very relieved, showing a humble attitude of asking for advice, and even signaling help in his words. This was really rare. You must know that he dared to confront Jack Ma on the stage in front of countless media. Now he actually pulled his face down and asked Yang Cheng, a young man, for advice, so Yang Cheng felt that if he couldn't say anything, he would be sorry for him.

He pinched his chin and thought for a while and said slowly, "I don't understand your investment ideas. Whether it is Yiche.com, Tuniu Travel.com, and a series of investments such as financial software, Yonghui Supermarket, there is no connection between them. Putting aside the losses in stocks after you invest in these projects, the strategic consideration will not help Jingdong at all.

If you have to be serious, it seems that only Yonghui Supermarket has some supplements to Jingdong's industrial chain. After all, it is not difficult to see your strategic intention of returning to offline from the online and even going hand in hand with both legs.

But I am not sure if I wouldn’t have done any other investments.”

Liu Dong's face was as dark as the night, and the milk tea around him could even feel the suppressed anger and helplessness of his fiancé.

Since Yang Cheng has opened up, he naturally won’t care so much. If you want to ask for advice sincerely, you have to endure criticism. Of course, he does not think he is so powerful that he can educate this entrepreneur who has experienced legends. He is just from the perspective of an onlooker and can actually see through the essence of things.

"And from the perspective of Wall Street, for a company with a history of one year, Jingdong's management team is not long. Will there be any inexperienced problems? Or are your management relationships not harmonious? Even power struggles exist? These are the most concerns among Wall Street investment banks. After all, the stability of management plays a crucial role in whether the company can develop positively."

Yang Cheng's words really hit Jingdong's point. Liu Dong's face warmed up and was no longer as bad as before. After all, Yang Cheng had rejected his investment before, which was really hard for him who had a strong self-esteem.

But the subsequent insights about the management also made Liu Dong sigh in his heart, "Awesome, he deserves to be a descendant of a family who can gain a foothold in Wall Street." Without knowing the group very well, he directly pointed out the problem and had a real accurate vision."

Yang Cheng is right. For a company that has been established for a year, where did the early managers of those companies go in the first ten years?

Jingdong's management and employees are indeed very frequent, and he especially likes to airborne. Most of the executives who came from foreign companies are from foreign companies, and there are also many who left because of their cultural inability to adapt. Attracting these executives on the one hand is professional and on the other hand, they are also international. However, Jingdong's internationalization is not good. Whether it is overseas brand awareness or actual overseas business expansion, the former international business leader who has high expectations from Warwick was forced to leave.

Liu Dong gradually realized this problem, but there was no way. The old man who followed him to fight the country could not keep up with it. However, the newly joined professional strongman was inconsistent with his personal philosophy, so it was difficult to form a whole. This also made Liu Dong question the professional manager, which was also the fundamental reason for the current situation.

Yang Cheng was still saying, "In addition, people within your group have been selling Jingdong shares in net, including the major shareholder and yourself. Your equity has been diluted. I don't know if it is because you are personally short of money or what. This will also cause Wall Street to have doubts. Even the founders have started to cash out. Why do we still keep the stocks?"

Liu Dong quickly interrupted and explained, "Jingdong is ready to buy back $1 billion in stock."

Yang Cheng waved his hand, "This is useless. If you haven't implemented a repurchase measure for a day, Wall Street's doubts will not decrease in one day. Big investment banks are fine, they can afford to wait, but small investment banks are all changing their minds when the wind is not good. Don't expect them to be on standby. No matter what happens in the future, run away first to save their lives."

Liu Dong smiled bitterly and shook his head, Yang Cheng was right.

"In fact, if you say a thousand words and ten thousand, your stock price continues to fall due to your lack of blood-making ability. When a company continues to raise funds from shareholders and creditors, especially when the company has been in the long term and has been losing money for many years, it is worth noting.

Especially you, Jingdong, have always had a great appetite for financing from the capital market, creditors and shareholders. If I remember correctly, since 2009, Jingdong has raised nearly US$10 billion. The company's net cash flow is almost mainly from financing, and even now it still has to rely on external blood transfusion to maintain life. This is really incredible.

Of course, this does not rule out the possibility that you and your group will play a big game, so I don’t know. The above is my understanding of Jingdong, and I hope it can be of some help."

As soon as Yang Cheng finished speaking, Liu Dong raised his glass and thanked him with emotion, "Thank you, thank you from the bottom of your heart. No one has said anything like this, but I have never listened to you seriously and thought about it and solved it. Now listening to your words is better than reading for ten years."

"I dare not take it, just a little bit of humble opinion, and it is all things that are floating on the surface. If you can't take it seriously, it's a great honor for Mr. Liu to be willing to listen to it."

The two of them politely said to each other, clinking glasses and killing the wine in the glass. Liu Dong said in a joke, "It's a pity that Mr. Yang has no investment business in China, otherwise we will have a high possibility of becoming partners."

This slightly tentative statement was smiled by Yang Cheng. Before he was reborn, Jingdong was always a pit. Although he started to make profits on the surface and the stock price soared, in fact, Jingdong's fundamental problem was still unsolved. The so-called profit was only forced to be obtained from consumers through financial means and from consumers. This is not a long-term solution.

Of course, Yang Cheng didn't know that after his rebirth, Liu Dong was still involved in the lawsuit against invasion in the United States. If he knew, he wouldn't have jumped into the pit.

Liu Dong didn't know so much at this time. Seeing that Yang Cheng didn't respond, he just thought that he was unwilling to invest in Jingdong. While regretting, he was also angry and dissatisfied. You didn't like me. I insisted on making Jingdong bigger. Then see if you will come up and beg me.
Chapter completed!