My Fintech Empire

The following day, Wednesday 29 September.

Today is the penultimate trading day of the A-share market before the festival, and the market will open one day before the National Day. The market will be closed for seven days during the holiday, and the market will not open until Friday, October 8.

When the market opened in the morning, Weibo gapped down and opened -5.73% lower at the opening price of 76.32 yuan in the call auction. After the opening, the stock price plunged to 7 percentage points. Stop falling and rebound.

At around 10:05, the stock price rebounded above the opening price, and after another 10 minutes, the stock price rebounded all the way to today's intraday highest price of 77.99 yuan, and then began to fall back.

This wave of rebound was due to the upward trend of the market index, but in the afternoon, the index also stretched its hips. It rose by more than 0.8 percentage points in the morning, and the dive turned green around 2:30 in the afternoon. The decline expanded to -0.28 percentage points, a record high It reached a new intraday low, and almost fell below 2,600 points.

The stock price of Weibo also fell sharply in the afternoon. At around 14:37 in late trading, the stock price dropped to 72.87 yuan and sealed the limit.

As of the close, Weibo fell sharply by -9.99%, closing at 72.87 yuan, with a full-day trading volume of 3.182 billion yuan, which was nearly 2 billion yuan higher than yesterday's volume, and its market value also shrank to 38.5 billion yuan.

Today, the lower limit was pressed, and Weibo's share price has fallen by -50.46% from the highest point, which is cut in half!

The comment section of the unit was full of scolding and wailing.

[The increase in Weibo users is obviously so strong, the existence of the No. 1 in the industry, and the stock price has gone out of this way, I am really convinced. ]

[Going like this, it really is a thunderbolt, the founders get together and leave, there must be a major sudden change in the company, today's data on the Dragon and Tiger List, the organization has run away, and tomorrow it will drop by the limit. ]

[Don't be a mythical institution, don't the institutions have leeks that lose money? ]

[Hehe, at least the news channels of institutions are not comparable to retail investors. ]

[While crying, moving bricks and covering positions. ]

[Don't fight against the power of the trend, there is no bottom to fall. ]

[There is no stock that can only rise but not fall. The previous wave has soared so much, and now it is in the mean reversion stage. Although it has been cut in half, the valuation is still very high, and the bubble is very huge. ]

[I cut it today, but it’s okay to come out, so I can only cut the position with tears, and I will definitely have to limit it tomorrow. When I see 50 yuan, I will intervene at that time. ]

[It can only be said to stay away from explosive stocks. ]

[It’s so nonsense, speechless, it’s just a backdoor listing, and it’s only been a month since the name change, and it’s a real hook. ]

[To be reasonable, isn't this normal? There are many Internet companies that can't survive for a few months before dying. Weibo is already very good, and it is still the leading position in the industry. It is normal for this kind of stock to fluctuate greatly. ]

[Others are fearful and I am greedy, Stud! ]

...

At 17 o'clock in the afternoon, Quantum Jump headquarters.

At this moment, Liu Qizheng, the head of Zhongtai Capital, Xiao Quan, the head of Pengrui Capital, and several vice presidents sent by four other capital institutions are in a reception room of Quantum Beat, and Xu Jingren is receiving them.

These six capital institutions have a common identity in Quantum Beat, that is, they are shareholders of Weibo, a subsidiary of the company, and they are also market makers or market value managers for Weibo.

They came here today at the invitation of Xu Jingren. In fact, they had planned to come, because yesterday's announcement was also coming, so they flew here directly.

"Mr. Xu, what are you doing? The four main founders resigned from Weibo, and the market was shocked." Liu Qizheng said, honestly speaking, they were also a little panicked. They are still in the lock-up period, and it is far from the time when the ban is lifted, and there is also the capital cost of market makers.

"Don't worry everyone, the operation of Weibo is normal. The reason for their resignation is that the parent company Quantum Beat has four new projects to be launched. They are just normal transfers of positions and are responsible for developing new businesses." Xu Jingren smiled slightly. road.

Starting a new business? Four right at once? That is to say, the resigned Wang Ping and others happened to be in charge of one?

Liu Qizheng, Xiao Quan and others were surprised, but also puzzled.

At this time, Xu Jingren added: "The invitation to come over this time is also related to these new businesses."

Xiao Quan couldn't help but feel moved when he heard this, and immediately asked: "Mr. Xu, do you want to start financing for these businesses?"

If they are looking for venture capital institutions like them, they must be for financing, otherwise why are you looking for them?

Xiao Quan and the others are still willing to invest money in the new business of Quantum Beat. After all, Weibo Zhuyu is more reliable than those pure newcomer entrepreneurial teams who have no achievements.

Xu Jingren smiled and said, "That's right, but it's not financing, but borrowing money from you."

Not financing? debt? It is a debt.

Xiao Quan and Liu Qi looked at each other, and the latter looked at Xu Jingren and asked, "How much?"

Xu Jingren stretched out his right hand and stretched out five fingers, Xiao Quan said in surprise, "500 million?"

As soon as these words came out, Xu Jingren shook his head and said, "No, it's 5 billion!"

Good guy!

The bosses of several venture capital institutions were shocked on the spot, and Xiao Quan couldn't help raising his voice: "What did you say? 5 billion?"

Liu Qizheng said immediately: "Mr. Xu, with all due respect, I don't need to conduct due diligence to draw conclusions. Quantum Jump doesn't have sufficient collateral at all, and its credit can't reach the level of 3A. You don't care if we want 50 mortgages." I'm afraid I can't give 100 million, and even 500 million is enough."

Xu Jingren was very calm, and he said calmly, "Everyone, what if this debt is guaranteed by Qunxing Capital?"

Clam?

Xiao Quan, Liu Qizheng and the other six major VC firms were taken aback, and the vice president of another firm quickly said, "Are you sure Qunxing Capital will guarantee your company?"

Xu Jingren nodded and smiled, "Not bad."

After a while, Liu Qizheng immediately looked at Xu Jingren and raised a doubt: "Mr. Xu, there is a question that I don't quite understand. The largest shareholder of Quantum Beat should be Qunxing, right? Why don't you care about your parent company Qunxing Money, but came to ask us for money instead? The recent actions of the stars seem to me that the only thing left is money."

This was also the doubt in Xiao Quan's heart, and everyone nodded in agreement.

Xu Jingren glanced around at the crowd and said calmly and firmly, "Actually, from the beginning, I was asking Qunxing for money, and Qunxing could afford it, but the parent company asked me to ask you for money."

Xiao Quan immediately asked, "Why?"

Everyone is also very curious.

Xu Jingren said with a smile: "I also asked, the parent company told me this way, he said that there are some money that Qunxing can earn but not earn, leave it to other people to earn, leave it to partners to earn, money is not earned Finished."

This statement surprised Liu Qizheng and the others. They all looked at each other in blank dismay, guessing that Qunxing Capital was quite satisfied with them as a market maker on Weibo, and they were really working. So this is what it means to give a piece of the pie?

Xu Jingren opened his mouth to ask for a huge amount of 5 billion funds. Under normal circumstances, it is impossible to lend him money, because the risk exposure is too large, and the Weibo product that Quantum Jump can sell has not yet made a profit. Moreover, he has not yet broken out of the microblogging field, and everything in the future is unknown.

But with the guarantee of Qunxing Capital, it is completely different.

The original huge risk exposure has shrunk directly. More directly, this is a business that is almost guaranteed to make no money. There must be a lot of financial institutions in the market rushing to lend money to QuantumDance.

At the end, Liu Qizheng said bluntly: "Since the stars are guaranteeing it, it's okay. I, Zhongtai Capital, have eaten 1.5 billion, and the rest are free for you. How about it? If I can't eat it, I can eat a little more."

Xiao Quan said unhappily: "Come on, you can cut off about a third of it with your mouth!"

Everyone was reluctant in the last second, but at this moment they started rushing to eat it, because the debt is too high-quality, even if their own liquidity is not enough, they can do a fund bridge to get enough money, and the interest rate is certain It is a considerable, steady profit and no loss business. This kind of business is rare.

After a while, Liu Qi looked at Xu Jingren and said, "President Xu, why don't your company just borrow more?"

...