Just as Li Dong was worrying about his women returning to Pingchuan, Yuan Xue and the rest rushed back to Pingchuan.
At this moment, the business world will not calm down because of Li Dong's low profile.
On the 15th and 16th of November, CCTV's 30 Minutes program conducted a detailed management loophole tracking report on Baidu's ranking search results.
Xinhua News also published an editorial at the same time. [Fake drugs wreak havoc on the internet. Bidding ranking is the root cause.]
When the news came out, the US stock market closed on the 18th, and Baidu's share price plummeted.
On the 18th, Baidu's share price plummeted by 25.04%. On the 19th, Baidu's share price continued to plummet by more than 30%.
It was not until the US stock market closed on the 22nd that Baidu got some breathing space.
However, within a week, Baidu's share price plummeted by nearly 40%.
Before the news report, Baidu's share price was around 180 USD. On the 22nd, Baidu's share price closed at 120 USD.
In the past year, Baidu's share price had been as high as 420 USD. Now, it was only a fraction of that.
Li Dong did not pay much attention to this matter. Even though Li Yanhong had been crying and apologizing for the past few days, Li Dong could not be bothered with him.
However, he did not expect that Li Yanhong would take the initiative to approach Li Dong even though Li Dong did not care about him.
This was because all the major credit rating agencies had downgraded Baidu's share rating. Citigroup's "buy" rating was lowered to "sell" from 300 USD.
Baidu's share price was still plummeting. Some analysts even felt that it might fall below the 100 USD mark.
At this moment, Li Yanhong could no longer sit still.
He had gone to the US for the past few days and sent an apology letter internally. He had also apologized to the media several times and stated that he wanted to rectify the situation. He had even started to rectify the situation.
But all these were useless!
The share price still had the risk of falling below the bottom line. This was a terrifying thing!
To prevent some financial institutions from speculating, Li Yanhong finally thought of asking for help.
And the first person he asked for help was Li Dong.
On the afternoon of the 24th, Hua Xia, Monday afternoon.
It was still early in the morning on Monday in the US. All sorts of negative news had been coming out for the past few days. After two days of market closure, there was no sign of improvement. Instead, there was news that Baidu would continue to suffer heavy losses when the US stock market opened today!
Li Yanhong was really unwilling, so he called Li Dong.
He was willing to sell a portion of his shares to Li Dong, and the price was negotiable.
Most importantly, Feng Yu hopes that Li Dong will cooperate and release a good announcement for Baidu.
Li Dong had become famous all over the world. In the eyes of many American investors, Li Dong was synonymous with legend.
Moreover, Li Dong had cooperated with many well-known investment banks, and those investment banks were also very optimistic about Li Dong.
At this time, Li Dong was optimistic about Baidu's influence.
Actually, Li Yanhong is not worried about those individual investors as their influence is limited. The real reason for Baidu's share price to plummet is because of the various securities companies and investment banks.
These people are the main shareholders of Baidu.
They are not optimistic, and Baidu's share price will plummet endlessly.
Now, not only some people are pessimistic about Baidu's share price, but some investors are also trying to suppress Baidu's share price.
In less than a year, Baidu's share price had fallen from 420 USD to 120 USD. This is not something a small investor can do.
At least, Baidu is not affected by the financial crisis. Their revenue, profits, and net profits for the first three quarters are all increasing.
Under such circumstances, there is no reason for the share price to plummet.
At its peak, Baidu's market value is more than 40 billion USD. Now, Baidu's market value is only 12 billion USD. It is worse than Ma Yun's Ali.
In less than a year, Baidu's share price had dropped by almost 30 billion USD. This is equivalent to two and a half Baidu!
Li Yanhong even wanted to die now. Looking for Li Dong was also a last-ditch effort. She wanted to see if she could use Li Dong's reputation to help Baidu stop its losses.
This is not the first time something like this happened in the industry.
Some time ago, Mengniu's share price had plummeted, and many people in the industry bought Mengniu's shares to help pull up the share price.
Now, Baidu is also hoping someone can pull up the share price to prevent it from plummeting and being speculated by the financial institutions.
Baidu is listed in the US, and not many people in China have the ability to influence the US financial market.
Li Yanhong is one of them. But now, his company is facing problems, and he cannot do it.
As for the rest, Li Dong is the most suitable candidate.
Although Li Dong had not gone to the US, he had just logged into his Weibo account in the US, and Li Dong is known as the "Titan." If Li Dong posts on Weibo, he will be able to influence other countries.
Also, many investment banks are supporting him on Weibo.
Since these investment banks had chosen Weibo, they must trust Li Dong's judgment unless they are trying to speculate on Baidu's share price.
That's why Li Yanhong looked for Li Dong.
Li Yanhong does not care about anything else. Selling his shares to Li Dong is not to get investments, as Baidu does not lack cash flow now.
Li Yanhong's only motive is to make use of Li Dong's reputation.
No matter what, Feng Yu must try. It is better than being indifferent.
Also, a large portion of Baidu's investors are from Hua Xia.
Li Dong's name was synonymous with gold digger in China's business and financial industry.
With him around, these investors will be more confident.
Li Yanhong even suspects that Li Dong is the reason why Baidu's share price plummeted.
This bastard still owns 300,000 shares in the past. But in the first half of the year, Li Dong sold all his shares at around 400 USD.
After Feng Yu exits, Baidu's share price plummeted.
Li Yanhong knows that Li Dong's 300,000 shares are nothing, and even if he sells all his shares, it will not affect Baidu's share price.
But when Li Dong exits, Baidu's share price plummeted again and again. It's too unbelievable!
In the past, when Li Dong owned Baidu's shares, the share price skyrocketed every year. Now that he is gone, Baidu's share price is in tears.
Some superstitious employees and executives are now advising Li Yanhong to pull Li Dong back.
It doesn't matter if it's true or not. If they don't try, who knows if it's because of him?
Don't think that elites don't believe in these things. Many people still believe in it. Sometimes, luck plays a big part in doing business.
Especially Li Dong, who has never failed in the past few years. Many people feel that Li Dong absolutely has heaven-defying luck.
When Li Yanhong is making the call, Li Dong has just finished his call with Yuan Xue and the rest.
Hearing Li Yanhong asking him to buy shares, Li Dong can't help but laugh. "Yanhong, I know my own business. You guys are the ones who say that I'm lucky.
It doesn't matter if I buy Baidu's shares.
And your Baidu bidding is indeed a problem. In my opinion, if you don't rectify it, this will be the first time. In the future, you will be used to flog your corpse.
I'm curious. How much profit did Baidu bidding bring you?
Is the loss big if your reputation is ruined?
Over the past year, 30 billion USD has evaporated. Let's not talk about whether the previous decline is related to this.
Recently, it has fallen by nearly 60 USD. Almost 6 billion USD has evaporated, which is nearly 40 billion RMB!
Your Baidu bidding can make 40 billion USD?
Isn't this nonsense?! "
Li Dong shook his head. This is the first time. He knows that there will be a few more in the future.
Every time, it's Baidu bidding that causes trouble. Baidu has lost at least hundreds of billions of RMB!
Li Yanhong is sometimes really stubborn and can't let go of her pride.
In fact, Baidu doesn't know about Baidu bidding.
Let's not talk about the profit first.
Another point is related to Li Yanhong and Xu Yong's parting ways.
Xu Yong was the founder of Baidu from whom Li Dong bought Baidu's shares.
Xu Yong was a real entrepreneur. Almost all of Baidu's initial investment funds were brought in by Xu Yong.
Xu Yong also held Baidu's shares, second only to Li Yanhong. Unfortunately, they later had some differences, and Xu Yong had no choice but to leave Baidu.
What was the difference?
The biggest difference was whether Baidu bidding should be carried out or not!
Xu Yong said he shouldn't do it, but Li Yanhong insisted. This was their biggest difference and dispute.
In the early stage, Baidu bidding did bring a lot of help to Baidu. Its revenue and profits increased, which added a strong persuasiveness to Baidu's listing.
However, success and failure were caused by the same person!
Now, Baidu bidding had a big problem. This time, Baidu's market value evaporated by 6 billion USD. No matter what, Li Yanhong couldn't admit that he had failed in Baidu bidding.
Otherwise, he was afraid that the internal situation would be chaotic before the external situation was chaotic.
Li Yanhong also couldn't allow this to happen. He created Baidu, but everyone doubted his choice. Even if he was really wrong, he had to stick to it.
This was a kind of stubbornness and also a kind of helplessness.
Li Yanhong could lose, but he couldn't lose to himself. He couldn't lose to his good partner and good brother who had been driven away by him.
Therefore, he could only fix it, but he couldn't completely give up the bidding ranking.
Once he gave up, he would completely deny himself. For Li Yanhong, this was an unbearable pain.
In fact, Li Dong also understood this, but he couldn't help but persuade him.
The three companies, Baidu, Baidu, and Baidu, had always been the pride of Hua Xia. They had made a name for Hua Xia's Internet industry.
But in the future, among the three companies, Baidu's "B" became the company with the most negative points.
In fact, even if Baidu had negative points in other aspects, there weren't too many. The biggest problem was the bidding ranking. Because of this, how heavy the loss was? Who knew better than Li Dong?
At Li Dong's level, he actually didn't have too many thoughts of gloating.
After all, everyone was familiar with each other, and they were the leaders of the Internet industry. It was more important for them to rush out of China and enter the global market together.
Because of this, Baidu was gradually left behind, and this was what Li Dong and the rest didn't want to see.
Of course, the most fundamental reason was that So far away, there wasn't much competition with Baidu.
The only e-commerce industry was Baidu. Li Dong had almost forgotten that they were also in the e-commerce industry. This showed how weak their presence was.
Without any competition, it was necessary for them to support each other.
When Li Yanhong heard Li Dong's words, he forced a smile. "I know about this. But this was an accident, and I had neglected my management. The ancients said: It is the greatest virtue to know one's mistakes and correct them. Baidu is also making changes. We can't just give up because of a mistake. Every path has mistakes. We need to correct them, learn from them, and move forward … "
"Alright. Don't talk to me about principles. I can't be bothered to listen to these.
I can talk to you until you vomit. It's boring.
I can buy Baidu's shares and even help you advertise. But I will not pay for Baidu's shares. Your auction ranking has nothing to do with me.
After buying your shares, I feel that I will definitely make a profit. I will definitely make a huge profit.
But no matter how much money I make, it's just a concept to me.
I think Baidu is good and not the bidding ranking. This is what I really think.
Even if I make an announcement, I will only say this. You decide if you want my help or not. "
Li Yanhong hesitated for a while before saying. "You really don't think so?"
"It's not that I don't think so. The key is if you really make changes and are not so greedy, I think this thing can still be done. But now, money was the only thing that mattered. Nothing else mattered! So far away will be attacked because of this. If that happens, I will suffer a huge loss. So what if I earn 100 million or 1 billion from you? So far away has such a big business here. It's not surprising if I lose tens of billions. I don't have the time to play with you. "
"You …"
Li Yanhong was helpless and said. "Then we'll do as you say. Actually, I have made up my mind to make a complete change. You must believe in my determination …"
"Forget it. I'll be a fool if I believe you!"
Li Dong could not be bothered to say more and said. "1 million shares at 100 USD each. I'll do it for you."
"Cough … cough … cough …"
Li Yanhong nearly choked to death over the phone. After a while, she gritted her teeth and said. "Didn't you say you don't think so? Didn't you say you are reluctant? 1 million shares at 100 USD each? Do you think I'm stupid? I don't know if Baidu's share prices will continue to fall. But you, my share prices have not fallen yet, and your share prices have fallen by 20%! 100,000 shares. I can't go any higher. Just a gesture is enough … "
Li Dong said angrily. "To be honest, I'm doing this because you are begging me. If not, I won't even bother to buy any shares. Are you kidding me with 100,000 shares? 10 million USD is my, Li Dong's, money? I'm throwing in 100 million USD to support you. That's the effect. This is what you call being optimistic. Don't you understand? Besides, this is not even 1% of the shares. What's there to care about? If you don't want to sell it, I won't buy it anymore. I don't have time to fool around with you. "
"You …"
Li Yanhong really wanted to curse!
But thinking about it, she was the one who asked Li Dong for help. She should have been prepared to be slaughtered.
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