RBCT Chapter 1447 Arrogant at first and respectful at the end
Chapter 1447 Arrogant at first and respectful at the end
Chapter 1447 Arrogant at first and respectful at the end
The executive who just hosted the press conference had his job transferred. O记 can no longer keep a low profile at this time. Some people even claimed that even the head of O记 went to Luzhou to apologize.
This is bound to make people surprised. How come it ended just after it started?
However, some voices have emerged, thinking that judging from the hearsay, Mr. Fang is too overbearing. He is taking advantage of the momentum of BIS. How can he turn the knife against himself?
Fang Zhuo did not respond to this voice, but YMS President Qi He could not help but speak up, and he did not refute it in the traditional office circle of friends, but directly on Weibo.
"Why can't we even praise someone now? If you have a standard, then it's all unintentional. If you don't have a standard, then what else is there to say?"
"If you want to succeed, you have to go crazy first and rush towards Yi Ke regardless of everything, right? So Yi Ke is wrong to brag now, and you have to pay attention to the impact and the overall situation when you say something, and you have to have your hands tied and your mouth blocked, and you can't even say a word? Good people have to stand here and deserve to be pointed at with guns by others?"
"I don't care who you are, I just can't tolerate any sand in my eyes! I want to see how much you are capable of!"
Qi He just can't tolerate any sand in his eyes and can't stand seeing others smearing his boss's innate pure and holy body!
Naturally, his words attracted a lot of attention. However, it was common knowledge that Yike's production capacity was limited. Even if President YMS was furious, he could not do anything without the necessary resources. How could he know "how much the company actually had"?
However, the industry soon paid no attention to the words of YiKe YMS's president. In just one week, mobile phone brands such as Meizu, CoreStar, and Hanwang released or announced new phone plans. Some were equipped with YiKe Optoelectronics' "Morning Light" chips, and some also used Qualcomm's flagship Snapdragon. Some were going to roll out entry-level products, or go straight to the mid-range.
Not only that, Alibaba, which was rumored to be entering the mobile phone market before the New Year, also released a notice that it would launch its own smartphone. Following closely behind were Penguin, Duji, and even 360, which has confirmed that it will enter the mobile phone market in the second quarter and has acquired a small mobile phone company.
The smartphone market has suddenly seen the emergence of some well-known brands, and competition from top to bottom has become more intense. Although Yike has also faced price cuts from Apple and Samsung, its market share is mainly due to its own production capacity. On the contrary, brands such as O-Jie that had emerged earlier have obviously suffered a greater impact.
The domestic industrial chain is becoming increasingly mature, and there is a level dislocation in core parts. Manufacturers can provide a package of solutions. The big brother in the industry has been accidentally hit, and a lot of funds are surging inside and outside the industry...
After the New Year, the smartphone field has become more intense than expected. Competition in marketing, products, optimization, and brands is fierce, and everyone is fighting and dying in this booming market.
However, such a rolled-up market is doomed to be unfavorable for brands that want to enter the market. Even a strong company like Alibaba was exposed to a small scandal at the end of February that was not conducive to the development of its new business.
Someone posted a short video on Douyin showing people drinking and eating at a dinner table. Among them, one of the people was the head of Alibaba’s smartphone business, who was drinking and commenting on his work.
"Well, I just want to show my appreciation. Why should I compete with Yi Ke for this phone?"
"The car hit a tree, and you knew to brake. What were you doing two years ago?"
"Isn't it naive to just make a branded phone and then go after someone else's market?"
The mobile phone released by Alibaba this time was exactly OEM, and after this exposure, the person in charge was quickly transferred, but his "OEM naivety theory" really embarrassed several brands in this wave of competition. Who are you talking about? Who are you talking about...
However, they are Alibaba’s own people after all, and Alibaba is the most uncomfortable. The phone has not yet been launched, and the person in charge has made such a statement. What’s more, hot topics in this era are spreading very quickly, and Douyin is even more out of control. How can this phone be sold?
Ma Dian had discussed with Fang Zhuo in person that Alibaba wanted to enter the mobile phone business. He did want to bring some trouble to Yike, but the most important thing for Alibaba at the moment was not this, but the overall development research and control of the e-commerce market.
Live streaming has brought new vitality to e-commerce, most of which is occupied by Douyin. Taobao and Tmall have certainly increased some traffic, but in the long run, their growth rate will be difficult to match that of their competitors.
In addition, Pinduoduo, founded by the "God of Wealth" Sun Tongyu, has gradually started to operate after the New Year. This has prompted Alibaba to hold several meetings for this purpose, and even the intranet is discussing the changes brought about by the former senior executive's return to e-commerce.
The momentum of this discussion forced CEO Zhang Yong to respond at the meeting.
"Don't worry, the buyers who go to Pinduoduo are all low-net-worth buyers with high customer complaints. To some extent, we are taking the initiative to go there."
“The upgrade of the entire system will inevitably bring about this situation, but our various financial indicators have proven the excellent trend of the group.”
“We want to develop in multiple dimensions.”
Whether it is Sun Tongyu, the former senior executive, or another e-commerce business placed under the Yike system, Pinduoduo has naturally received attention, but there is no problem with Alibaba Group's financial report, KPI, business line, and profit, so some expected losses are naturally no problem.
Zhang Yong believes that live streaming e-commerce does face some challenges this year, but the group's e-commerce brand inertia can still continue to extend to this area. Most importantly, the core companies of the Yike system will inevitably face more severe challenges and will inevitably fall into a long-term haze.
This is not just Zhang Yong's opinion, but also the opinion of Feng Qingyang and many institutions.
Although the YiKe Group has organized a multi-brand joint offensive in the live streaming e-commerce camp, the interests of different companies such as Yiguo, MiTuan, and YiXin must also be distributed. As for YiKe, the company responsible for this distribution, although its own private-label mobile phones may not play a big role, it still needs to face the fierce impact of the market.
Yike may be safe for a while, but how can it withstand the changes in the market for a long time?
As of March 9, multiple market channels have confirmed that Yike has indeed completely ended the sales of Selfy and the supply of the Mars 9 standard version, while controlling the number of the Mars Pro version.
There are increasingly obvious signs in Yike’s core business that no matter how powerful it is, no matter how large a system it has cultivated and configured, it cannot solve the problem of limited production capacity!
Although YiKe's cloud computing business is growing, although YiKe's notebooks are still authorized and are also growing, and although YiKe has announced that it will charge technical service fees within the system, the revenue generated by these is difficult to make up for the losses in the core business.
What is core business?
That is, as soon as it declines, hedge funds smelling blood will rush in.
According to the short positions announced by Nasdaq at the end of February, Yike’s stock has increased significantly compared with half a month ago, growing to US$71.9 billion.
This figure even exceeds the position of YiKe during the short squeeze a few years ago.
Of course, the times are different, the scale and concept are different.
However, more and more institutions are indeed pessimistic about Yike’s future and are willing to place bets on it.
Russell of the well-known hedge fund RC was interviewed by the media: "YiKe's current stock price is still overvalued. It has lost more than just the US market. Although I don't want to say this, this is a business recession caused by political factors. YiKe will inevitably suffer more comprehensive setbacks."
The reporter asked: "YiKe once made short sellers suffer in the financial market. Will its stock price rise in the future? It still has the European market, the Chinese market, and many other businesses."
Russell recalled the scene that shocked the global financial market several years ago. Even though he was not involved at the time, he was still shocked.
It was a brutal short squeeze, and many funds not only went bankrupt and liquidated, but some of my peers even went to the rooftops in despair.
"This time is different." Russell was silent for a while, then repeated, "This time is different."
He calmed down and said seriously: "The problem of Yike cannot be solved, at least not in the next few years. By the time it can be solved, the entire brand will have lost its competitiveness in the market."
Russell took a sip of coffee and said with certainty, "Do you know that Yike's mobile phones are already selling less and less? Do you know the website KILL YIKE? In three months at most, Bingxin International, the company behind Yike, will be in trouble for not having raw materials. This is not just a problem for Yike or Bingxin International, but an industry problem in China. So, we are sure that this time will be different!"
There are many people who share the same view as Russell. No matter how powerful Yi Ke and Bing Xin are, they cannot solve all the problems. This is the crux of the problem.
Therefore, they are willing to stand up at this moment and invite more people to short YiKe and reap profits.
Nasdaq's short positions are announced every half a month. However, just three days before the data was to be released on March 3, a piece of news suddenly came from China.
There is news from the China Wafer Manufacturing Service Alliance claiming that Bingxin has solved the photoresist problem and will soon resume production capacity supply.
The China Wafer Manufacturing Service Alliance used to be called "Bingxin Wafer Manufacturing Service Alliance". It has played many roles over the years and has a very close relationship with Bingxin.
Such news spread...
Bingxin did not accept the interview, and Yike did not accept the interview, but as soon as the Nasdaq data on March 3 was released, the short positions of Yike stock suddenly dropped from US$15 billion to US$71.9 billion!
The bears were like rabbits seeing an eagle, and almost ran away halfway!
Even the American media, which have been pessimistic about Yike recently, couldn't help but make fun of this scene. The confidence of hedge funds is obviously not as strong as they appear. The once most powerful mobile finance company in the world has indeed left a deep shadow on the short sellers.
This change in the financial market was also reported back to China, making many people laugh.
"These short sellers are arrogant at first but humble later, and they run away faster than anyone else." Ma Dian commented when the topic of Yi Ke came up at the dinner party.
"Yeah, we don't know whether the production capacity news is true or false. Neither Bingxin nor Yike responded." Zhang Yong said.
Ma Dian thought for a while and said objectively: "I'm afraid that's not true. Washington must have carefully studied how to restrict Yi Ke."
Zhang Yong laughed and said, "It's even funnier that the short sellers are fleeing because of a piece of news that's not quite true."
"Yes." Ma Dian said with emotion, "Originally, Yike's short selling scale might have surpassed our Alibaba."
Zhang Yong stopped smiling.
Well... Alibaba has the highest short position in the U.S. stock market right now, followed by Tesla and Apple. The factors involved are quite complicated, but at the beginning of the year, SoftBank, as Alibaba's long-term major shareholder, also sold nearly $100 billion of its shares.
Ma Dian took a bite of food and asked, "Where is Mr. Fang?"
“It is said that he went to inspect domestic semiconductor companies again.” Peng Lei replied.
Ma Dian shook his head: "I always hope that Yike's business will not exceed Alibaba, but as for this short selling, I still hope Yike will pursue it more, otherwise, Alibaba will be too lonely."
Zhang Yong picked up his glass and said, "I wish Yike can surpass Alibaba and become the world's number one soon!"
There was a burst of helpless and mocking laughter at the dinner table.
The bears are like packs of hyenas. Although they have retreated temporarily, they will probably continue to keep an eye on the bad news about Yi Ke.
Almost at the same time, Fang Zhuo, who arrived in Xi'an, also asked about the situation of the short sellers.
Liu Zonghong answered the questions with relevant data and talked about the data of Alibaba, Tesla, Apple and other companies mentioned above.
"Yeah." Fang Zhuo looked at the dark night outside the car window and nodded, "I hope I can catch up with Ali in due time and win the world's number one spot."
Liu Zonghong said with a smile: "Yi Ke, who is unwilling to admit defeat, even wants to compete with the world's number one in the field of short selling!"
Fang Zhuo smiled slightly, this was indeed something he did willingly.
(End of this chapter)