Li Chaoren has encountered many financial crises in his life. He suffered heavy losses at the beginning, but gradually suffered more losses and gained experience.

What he most admires is to maintain a large amount of cash flow during a crisis. Once there is a problem in any aspect, we can actively rescue it. Otherwise, if one link collapses, it will easily cause a domino effect and trigger the collapse of the entire company.

Aren’t many companies like this?

It’s not surprising that large companies with tens of billions of dollars collapsed just because of a lack of working capital.

Xiao Qi had never experienced a financial crisis before. Of course, he was not qualified to say that he encountered a financial crisis in his previous life.

However, this does not prevent him from actively preparing in advance on how to survive the financial winter that broke out in 2007 and lasted for at least five years.

The 5 billion in bets obtained from the five major investment banks and banks is only a small part of the supplement.

But when he saw the signatories of the five major investment banks and banks signing and confirming the agreement with livid faces, Xiao Qi was still deeply moved by the expression on the Bear Stearns vice president's face that was almost crying.

On the one hand, these people deserve it. If you don’t come here to make money from me, then you will naturally not lose. Since you have entered the gambling game, you should be willing to accept defeat.

On the other hand, Xiao Qi is always wary of himself and must not invest in areas that he is not familiar with in the future, otherwise it is very likely that this will be their fate at this time.

It cannot be said that the collapse of Bear Stearns was directly caused by Xiao Qi, but the end of this uproarious half-year gamble on December 31st still aroused everyone's impression of Bear Stearns' stupidity, so much so that they withdrew their money in advance.

The number of people increased dramatically, and within a few days they collapsed.

Xiao Qi actually has a lot of cash flow.

After a full year of sales, Xiao Qi sold 10,000 dreampads, earning a sales revenue of around US$80 billion.

Excluding some necessary payments, shareholder dividends, tax payments, tax avoidance measures, etc., plus the US$5 billion lent to Gang Leader Qiao, the remaining amount in Xiao Qi's hands is US$33 billion, which does not include Xiao Qi's various

The nominal patent revenue from dreampad is US$1 billion.

The app store is as Wall Street commented. Although it currently has a monthly revenue of about 8.5 billion US dollars, Xiao Qi's income is not much. It can basically be ignored.

The reason is that only 30% of the 8.5 billion US dollars belongs to the app store, the maintenance of the website and online stores, and the cloud storage and cloud computing base established in the United States. When laying the foundation at the beginning, it was simply a waste of money.

The running water consumes 1.5-2 billion US dollars every month, and large-scale investment will continue every month in the future.

However, Xiao Qi, Gang Leader Qiao and Li Jianxi all agreed to invest the money and were ready to add additional funds at any time.

Because this is also another form of technical barrier. Once the app store creates cloud computing and cloud storage with the most detailed intelligent functions, the level of intelligence will definitely be unmatched by even the Android store.

The Android store can spend money to poach App Store developers, but they cannot tap the technical reserves of cloud computing and cloud storage. If they want to reach the same scale or even defeat the App Store, they must invest more.

of money, manpower and material resources. Even a proud person like Google, who will be known as "a large amount of cash with nowhere to spend it", will probably feel extremely distressed in the future.

Therefore, the US dollars in Xiao Qi's hands now are roughly the US$39 billion gained from gambling, which is about 288.6 billion when converted into RMB.

Xiao Qi will not be able to exchange this amount of money domestically. Future acquisitions in the United States, as well as various emergency measures, are destined to make it impossible for Xiao Qi to only have RMB on hand. It will be very troublesome to exchange it abroad.

And it will take more time.

But this is not the only money that Xiao Qi can really use.

In addition to the acquisition of Facebook and Zappos, Tang Mingxiang still has a huge cash flow of 23 billion U.S. dollars. At the critical moment, Xiao Qi can also use this amount of cash flow of 62 billion U.S. dollars. I am afraid that only the most prosperous cash flow can be used.

Only Apple in the era can compare, right?

I feel ashamed to say it.

Xiao Qi has so much cash flow abroad, but at home he is a real big lender.

In the past, he let foreign media and experts disparage himself with revelations. In fact, the figures were very real, such as the fact that he owed domestic banks US$150 billion.

After this matter was revealed by a TV program, it greatly lowered people's expectations for Xiao Qi's wealth.

Xiao Qi's main income now only has four parts. One part is the income from selling the dreampad, the other part is the income from the domestic app store after the buyout, the third part is the income from 3G and optical fiber network construction, and the last part is

He made the proceeds from selling Dreampad and App Store shares.

But Xiao Qi has done too many things. Counting the stalls he has opened, there are at least a dozen projects, and they all require huge investments. For example, the investment in Xiaoyao series, the entire five-year construction

At the end of the day, the investment scale will be at least 1 trillion.

There is also investment in Fairy Real Estate's "Shangri-La Community" and Chengdu Branch, which are more than 200 billion, and the entire development time of these two places will exceed 5 years.

The investment in future Fairy Banks is not something that ordinary people can afford. A small-scale urban commercial bank like Chengdu Bank has assets of about 300 billion. Xiao Qi’s Fairy Banks all over the country, even if they are not open to the outside world,

Mainly deposits and loans, but if the capital reserve is short of 600 billion, it is better not to become a bank.

With so much money, it is not enough to bring back all the foreign cash flow.

Fortunately, there is still such a thing as borrowing from banks in this world.

Xiao Qi now has a cash deposit of 304 billion yuan in China Merchants Bank, but this 300 billion yuan was loaned out after changing hands. Then the second batch of loans in Xiaoyao Logistics was 400 billion yuan, accounting for almost one-third of China Merchants Bank's total external loans.

one.

This is because Yu Minwei has courage, otherwise not many people would have the courage.

Xiao Qi also borrowed 410 billion yuan from China Construction Bank using 30% of Dreampad shares as collateral to redeem Dreampad shares from other banks and use them for the normal operations of Fairy Company.

It is this loan of more than 1.11 trillion that supports the development of Xiao Qi's Fairy Company in China.

For this reason, Xiao Qi has to pay more than RMB 4.6 billion in interest every month. In other words, the 30% purchase price of RMB 3 billion paid by Li Xiaochao to Xiao Qi's Youyi United Holding Company is not enough for one month's interest payment.

There are also more than 27,000 houses in Phases 1 and 2 of Fairy Real Estate Chengdu Branch. They are sold so cheaply that the total is not enough to cover one month’s interest expenses. I wonder if the proud Director Huo will react when he hears this inside story.

My confidence was shaken.

To put it bluntly, Xiao Qi's current monthly expenses are all paid with money from loans.

It is true that the young man has a loan of 1.11 trillion, but this money is not used up in one month. On the contrary, many of Xiao Qi's expenses are paid in installments, so his monthly expenses are at most 20-30 billion.

.

Some people will say that Xiao Qi is really stupid. You can borrow as much money as you have. Why do you need to borrow so much money and end up paying billions of dollars in interest every month?

People who say this don't know how to do business at all.

The reason why Xiao Qi did this was to maintain a large amount of cash flow. He would rather bear huge loan interest rates and still have hundreds of billions of cash on hand.

Now you think Fairy Company is very good and powerful, and the bank is willing to lend you money.

But if you wait until the economy falls into crisis and banks have to tighten money, will it be so easy for you to get a loan?

At that time, even if you say that my Fairy Company is good and many people are waiting to buy shares, just give me a loan... Look at how many banks dare to disobey the central bank's orders and lend you hundreds of dollars every month.

Amount of billions?

What is a financial crisis?

Isn’t the word “finance” written in front of crisis?

Isn’t the banking industry the core part of the financial industry?

When the financial crisis actually came, despite the fact that the country had a 4 trillion yuan revitalization plan in the previous life, this money did not fall into the hands of ordinary companies. Almost all of it was invested in infrastructure and basic industries.

A company in the electronics industry like Fairy Company does not bring much benefit to people's livelihood at all. It is even in the ranks of luxury goods. If Xiao Qi didn't go to Niu Ruzheng, he would definitely not be a part of it.

Even if there is, it can't be too much. The total is only 4 trillion. You alone will occupy 7000 or 800 billion. Why?

Therefore, it is better to be self-reliant in everything.

Xiao Qi took out the loan one and a half years in advance. He paid more than the monthly loan, but it was only 30-40 billion yuan in interest. With this small amount of money, Xiao Qi could just sell a small company in the United States in two years.

Earn it back.

But in Xiao Qi's hands, real estate development, logistics system construction, Fairy Company's R&D expenditures, welfare benefits, etc. can all be completed with quality and quantity. This kind of integrity for the business and the impact on people's hearts.

Stability and boost of morale are nothing that these interest rates can compare to.

Think about it, if suddenly the bank stops lending you money next month, R&D cannot continue, salaries and bonuses cannot be paid, and Xiaoyao Express is completely paralyzed... The credibility that Xiao Qi has worked so hard to establish is destroyed in one day. This is

What a terrible thing?

Cash flow from loans is also a type of cash flow.
Chapter completed!