Tonight, return home.

After brushing his teeth, he took a shower. Wang Guanxi lay on the bed, took out the book that Shu Jinghan bought for him, [Monetary and Finance], and looked at it.

In his previous life, he studied science. He graduated from a college student and became a junior engineer. After working in a foreign company in Shenzhen for a few years, he started his business in the semiconductor industry. At the same time, he also taught himself the financial stocks. After all, physical entrepreneurship is just to create wealth, while finance is to distribute wealth. Just like many entrepreneurs, they work hard to do business, and a subprime mortgage crisis makes them have nothing because they do not have macro-financial and economic knowledge and do not realize the coming of danger!

This year, many companies will go bankrupt. In order to make the company survive, they keep borrowing money, but it is useless and still cannot fill the black hole of funds. In the end, they are heavily in debt and have nothing to do, and they will do nothing for half of their lives.

Those old retail investors and old foxes who trade stocks left early and got rich once, especially guys like his cousin Wadezhou, who became rich during the financial crisis.

Now it is the prelude to the outbreak of the financial crisis, but no one has such a risk awareness, just because they think that life will be a little harder and will be over soon.

However, as soon as the financial crisis comes, assets plummeted, housing prices fell, and stock markets fell... The valuations of enterprises also fell. Entrepreneurs who did not sell assets in time, reduce costs, or close the door and stop losses in time were absolutely doomed, and factories were 100% going to go bankrupt.

For example, a Hong Kong-funded company in the mainland, Hejun Industrial Co., Ltd., commonly known as the "Hejun Incident", went bankrupt directly.

When the global economic crisis broke out, Hong Kong-funded enterprises in the mainland were those factories, one by one, one by one.

At this time, he noticed a message, which came from the mainland e-commerce giant, Jingdong Group!

[Jingdong Group will successfully build a complete logistics system by the end of the year]

Wang Guanxi remembers that this year's mainland e-commerce giant, Jingdong Group, has a valuation of only tens of millions of dollars, which seems to be less than 50 million US dollars.

Jingdong's valuation plummeted, and he talked to investors about financing, and the price dropped from US$200 million to US$150 million, US$120 million, US$100 million, US$80 million, US$65 million, US$45 million... Finally, it dropped to US$30 million.

Jingdong's valuation shrank by 85%!

Investor Xu Xin was valued at US$30 million and was directly rejected by the founder of Jingdong.

This period can be said to be the most tormenting day in Jingdong. Investors are unwilling to pay, logistics is still losing money, and funds are not in place. It is difficult for Jingdong to survive the Spring Festival.

The founder of Jingdong's hair turned white and he looked for people everywhere to raise funds but couldn't find it. He was almost done.

After the global financial crisis officially broke out, Wang Guanxi planned to inject capital into Jingdong Group. In the future, it will be listed in the United States and will sell its shares after holding it for a few years.

In 2014, Jingdong Group went public with a market value of US$35.1 billion, and its future market value exceeded US$100 billion.

You should know that after the global financial crisis broke out this year, the valuation of Jingdong Group fell to US$30 million.

At that time, the valuation of Jingdong Group will be 60 million US dollars, invested 20 million US dollars, and asked for 25% of the shares, and given him all the voting rights, without any problem.

In fact, if you only have a valuation of 50 million US dollars, you can invest 30 million US dollars, you can invest 37.5% of the shares, or you can invest 28.5% of the shares. The voting rights of these stocks can be given to Jingdong founder, Wang Guanxi, just wait for the company to go public and then sell the shares.

In the future, JD.com will continue to raise funds, and in 2014, Penguin Group will also become Jingdong's largest shareholder.

Although Wang Guanxi's shares will be diluted, the company's market value will also rise!

If you invest $20 million, it is estimated that when the market value exceeds $100 billion in the future, there will be a return of $10 billion.

Thinking of this, Wang Guanxi suddenly became very excited.

Now he is like an investor in an engineering project, and the entrepreneur is a Baotou worker. He needs to find a Baotou worker with strong ability and strong management. Now, in Wang Guanxi's eyes, the founder of Jingdong is a Baotou worker with strong ability. That's right, now he regards them as Baotou worker in his heart.

Now, Baotou workers are asked to make big cakes, how to manage and make money are done by Baotou workers.

He is a shareholder, and as long as Jingdong pays dividends, he will have money. As long as Jingdong is listed, his assets will be securitized. He invests in Jingdong Group, like buying a stock, waiting for the stock to appreciate. His interests are the same as the overall interests of the company. If the company develops well, entrepreneurs and him will make profits. If the company develops well, entrepreneurs and him will lose money.

If the entrepreneur does not do well, other shareholders will kick the founder out and he will agree or sell the shares.

If an entrepreneur converts the interests of the company into personal interests, it is to sue and go to prison. This is when the company goes public, Wang Guanxi will arrange for directors to go in for supervision.

Because it is illegal, does not exist, and it is impossible, unless a compulsory repurchase agreement is signed, the company can force repurchase shares in the hands of the investor. Usually, this compulsory repurchase agreement is signed by the investor and the entrepreneur. If the company's performance is poor, investors can forcefully withdraw their investment through this repurchase agreement, which may make the company doomed, so usually entrepreneurs will not sign this compulsory repurchase agreement.

Why do you say that you invested yourself and you just won by yourself? Don’t worry about kicking out? What are you forced to repurchase shares?

When Facebook was founded, Peter Thiel signed a repurchase agreement with Mark Zach. If the number of Facebook users does not meet the requirements, it will forcefully withdraw its investment.

When Jingdong Group wants to raise funds, it is estimated that many venture capitalists will require the founders of Jingdong Group to sign this compulsory repurchase agreement. Once Jingdong Group does not meet their expectations, they will immediately withdraw the investment, and Jingdong Group will be done. Therefore, Jingdong founders do not accept these compulsory repurchase agreements. Perhaps in the moment of the economic crisis, they lack confidence and are not sure, so they dare not sign these compulsory repurchase agreements.

"It's better to make money quickly, I don't have much money now."

"After the global financial crisis broke out, I shorted the Hang Seng Index and became a rich man, and it was the end of October!"

"Oh, I don't remember Jingdong Group. When is the most critical financing this year?"

"It seems like I just raised $21 million."

"It's too early, I can't afford tens of millions of dollars."

$21 million, that's HK$163 million.

The net value in Wang Guanxi's stock account is only HK$180 million.

Now I can't afford to invest in Jingdong Group.

After recalling carefully, Wang Guanxi felt that it should be too late.

As long as it is before November, it will be OK.
Chapter completed!