Several founders of Blue Dot Technology, who could be said to have become "billionaires", sat down in a tavern near Border Town Road.
They think that Chengdu has a unique charm of the market, which is incomparable to places with a strong commercial atmosphere and serious class divisions. That is, whether you are a millionaire or a commoner, you can live next to each other. You talk about your business, and I talk about my daily necessities. You say that you should enjoy life to the fullest when you are proud of it, and it is the right time to make achievements and establish a career. The Yangtze River flows east and never returns. I say that plain clothes are warmer than silk and cotton, and three meals of simple tea and plain rice are enough to fill you up, and the morning is sweet and the evening is sweet.
It is March 10th, and the Nasdaq index has reached an unprecedented peak of over 5,060. Every rise today will be history. Although the Dow Jones Index fell instead of rising, no one thinks there is a problem. Blue Dot Technology's stock code ANDL in the United States has fallen, but this is normal. Generally, new stocks will go through such a process of value repair when they are listed, with subscriptions and chasing highs, resulting in a rise on the first day and a fall on the next day.
However, Blue Dot Technology has managed to stabilize its price. On the one hand, it is supported by good fundamentals and investors are very confident. The second factor is that the market is now heading for a new record unprecedentedly. The third factor is that Cheng Ran privately invested in securities companies and investors. In order to maintain the value of the stocks in hand and gain higher profits, the parties will naturally use various methods to support the market. This has caused Blue Dot Technology's stock price to fluctuate around US$28 or US$29.
Seeing this trend, those who originally planned to sell 3% of the shares through Cheng Ran’s private placement also changed their minds and only sold about 1% each at a discount. With such a good performance in the third board market, and the ambition to make a big leap forward, it is entirely possible that they will try to transfer to Nasdaq in the future. Then, Blue Dot Technology will no longer be a small fish in the third board market, and may even break through into the circle of real big guys in the future.
By that time, the market value of their current stocks will no longer be around 30 US dollars. For a closer comparison, China.com, which was listed on NASDAQ last year, is the first "China concept stock". Today, the news broke that the stock price of this Chinese battleship has exceeded 220 US dollars per share, with a market value of more than 5 billion US dollars.
Are you shocked or excited? For everyone, it is more like a group of small shrimps who have become masters after hard training in the caves, and then stepped into the world of martial arts, and then tasted the sweetness of a great hero who could fight a hundred people alone, and then discovered the world of top masters, where they, the so-called heroes, are not even qualified to be at the bottom. What kind of mood is that? Joyful, excited, but fortunate that they are standing at the forefront and have the ambition to enter the bigger world and circle.
That's why they felt even more regretful about Cheng Ran's withdrawal at this moment.
Because in the eyes of the public, they have seen a more spectacular scene, and once they have seen this kind of scene, they will never forget it. So they have already had their vision, and they are no longer focused on the market value in front of them, which is considered small by the "big players" at the forefront of the real Internet trend. They are chasing a bigger scene and a more magnificent blueprint.
At this moment, they couldn't help but miss Cheng Ran, who brought them all this but retired at the peak of his career.
"Mr. Cheng, am I still shipping products?" Liao Miao asked.
Jiang Ling, who had been in contact with Cheng Ran for the past few days, responded, "It has been the same for the past few days. It seems that he really wants to sell all of his stocks."
Kang Ming sighed, "Our plate is not big. Although Cheng Ran holds the largest share among us, after the backdoor listing, his total share is only about 20%. He can leave in time, but the loss here is huge, and he will lose a lot of money. But there is no way, I can't persuade him."
Everyone looked at each other and felt regretful. If Cheng Ran could cash out part of the money, it would be fine, but if he was in such a hurry to cash out and leave, it would mean losing the opportunity to continue to rise on the blue dot in the future. Similarly, if they lost Cheng Ran, they would have to consider their relationship with Fu Long and whether they could still get along so well. Although Cheng Ran was still a friend in the end, it was not as natural as being tied together by interests.
"Cheng Ran has no other choice." Deng Yu said, "The restructuring of Fulong Shares has shaken the entire Chengdu City. This courage has made the employees' loyalty and enthusiasm unprecedentedly high. Now I heard that many graduates in related fields are asking about Fulong's situation. Cheng Ran has no other choice. I heard that Fulong was actually sniped in the United States. Domestic and foreign competitors are suppressing its rapid development. The company's future is very difficult. Cheng Ran is probably also preparing for the winter."
Liao Miao said, "In my life, I don't admire many people. When I was in school, there was a professor who published papers that were not quantitative, nor did he deliberately set up projects or pursue fame and fortune. However, for forty years, he was proficient in Chinese and Western learning, and had his own opinions. He was solid in his own field, taught and taught, had sharp opinions, and had a high-level perspective. He did not participate in the trend of comparing funding, projects, and articles, so he was naturally not very famous, but in the minds of us students, his status was supreme. Coming to Chengdu, I learned some things. Cheng Ran's father, Cheng Feiyang, the general manager of Fulong Company, can also be counted as one. The communications industry is a mixed bag, with compradors rampant. What he has taken on is actually a backbone, a path that they can take when there is no one of their kind in this country who can fight one day."
"Sometimes I wonder what we are pursuing. Of course, money is important, but money is not everything. If we want to do our business, then we don't have to do it. In fact, Fulong has set an example for us. When someone says that Chinese companies cannot compete, can we stand up and tell them... Come over here if you have the guts?"
…
This is what the four founders of Bluepoint said at the Chengdu Bistro on March 10, standing in the present and looking to the future.
On that day, the Nasdaq index reached its highest peak of 5132.52 points and closed at 5060.34. To the outside world, it was just like the beginning of a carnival, with countless capitals in the world flocking to the Internet economy.
On March 13, it may be considered that a large number of billions of dollars of sell orders for high-tech leaders such as Cisco, Microsoft, and Dell happened to appear on the morning of the first Monday trading day after March 10, causing the opening of the day on the 13th to drop directly from 5038 to 4879 points, and the Nasdaq lost 4 percentage points.
The chain reaction caused by this massive sell order caused investors, funds and institutions to start liquidating their positions. In just 6 days, the Nasdaq market lost nearly 9 points.
On March 15, the index fell to 4580.
Just like the "powder keg" that no one had seen before, irrational prosperity led investors to use excessive leverage to bet on what they thought was a "feast of wealth". They fantasized that in such a battlefield of wealth, they would gain wealth growth far beyond that of other industries in the world, and far beyond those who did not seize this opportunity, thus becoming the top group at the top of the wealth pyramid.
But then the disaster struck. This battlefield was no longer a one-on-one fight to see who had better vision and could choose the fastest growing company, nor was it a gentleman's game where both winners and losers could make a fortune. Instead, it was a huge evaporation of wealth.
Once the market falls, it will be a panic fall, and the prosperity created by financial leverage will be wiped out.
What followed was a 75% plunge in the Nasdaq index over the next 30 months.
Countless people lost their fortunes, and countless once-famous companies went bankrupt.
Data shows that on October 10, 2002, the Dow Jones Index reached its lowest point of 7,197.49.
The lowest point of Nasdaq was 1,108.49.
These numbers are a reduction from the previous boom years.
Just as the author's pen strokes across the page, God's hand moves the world.
In two years and six months, the market value of technology companies reached 5 trillion US dollars.
It was just erased.
(The efficiency is a bit low. I need to consider more things during the transition. I will try to write them all. At least I haven’t stopped updating, lol)