Reinventing the Millennium.

Chapter 1460 Anxiety (5k)

The Western world was sleepless. In addition to reporting the unexpected new owner of the White House, the previously high-profile Yike Company also made its presence felt and grabbed some space in the media at this moment.

In comparison, although China was surprised that a name it had never heard of appeared in Ame's political arena, a lot of public attention was focused on Yi Ke's performance, the stock market's counterattack and the subsequent crackdown on short sellers.

There is no doubt that the short-selling institutions that have been singing the praises of Yike before are going to suffer!
Nasdaq's after-hours trading has proven this!
The Hong Kong stock price, which also reflects Yi Ke’s value, also proves this point!
The live announcement by the head of Yike was at 7:9 in the morning. The Hong Kong stock market started to rise since the pre-market at 4 o'clock. As of 26.4 o'clock in the afternoon, Yike's stock price soared by 2700%, and its market value converted into US dollars was infinitely close to billion US dollars!
This price is already higher than the range where short sellers have launched a large-scale public opinion campaign, and it has quickly attracted more enthusiasm from investors.

If the U.S. stock market opens like this at 9: p.m., Yike's stock price will inevitably rebound in retaliation in stages.

At the same time, even in the early hours of the morning, comments about retail investors squeezing out stocks have gradually gathered on Twitter, Facebook, and the emerging TikTok.

Over the past six months, short-selling institutions have appeared on the stage in large numbers, desperately exaggerating the collapse of Yi Ke, reporting in detail every change in Yi Ke's short-selling positions, and focusing on Yi Ke's unprecedented short-selling record... All of this has made retail investors pay attention to one fact.

Many short-selling institutions are entrenched in the YiKe stock!
It would be fine if Yike is not well-known, it would be fine if Yike has no good news, it would be fine if Yike has no major good news, it would be fine if Yike has no history of successful short squeezes...

But Yi Ke has them all!

Yi Ke is in trouble. It was fine that it couldn’t win before, and it was fine that it didn’t make any profits before, but now why doesn’t it take advantage of the institution’s weakness to help out?
Many people even dug out the commemorative T-shirts they bought during the YiKe short squeeze a few years ago, and posted pictures or videos to share the slogans on them.

——Greed is a sin.

——Don’t short Yike.

These are Mr. Fang’s quotations from those years.

And there is one extremely important point: the king of retail investors!

Someone on Twitter sent out a commemorative T-shirt and @Mr. Fang, hoping that the head of Yike would once again call on retail investors and lead everyone in launching an attack against the shorts.

However, Mr. Fang did not make any move and seemed to have no such plan at all.

From late night to early morning, and from early morning to dawn, the retail investors who had been waiting anxiously saw the time passing by bit by bit, and finally could no longer suppress their desire to start a rebellion, and began to photoshop pictures and fabricate statements.

No matter what, the shorts are ahead, the profits are ahead, and even if you don’t want to be the king of retail investors today, Mr. Fang, you have no choice!
Soon, the slogan that had been used before was widely spread again.

——Everyone is the king of retail investors!
Among all social media platforms, the emerging TikTok has the most widespread spread, which is partly due to the fact that short-selling pioneer Russell and short-selling master Chanos are early adopters of the new platform.

However, they are in no mood to pay attention to the latest ridicule from retail investors. They only want to stop Yi Ke’s good news and opening.

The short sellers stayed up all night and worked hard. The spectators in China, who had witnessed the return of Yi Ke, the surge in Hong Kong stocks, and the rising prices of concept stocks, were completely excited.

Li Guoqing is now a celebrity in live streaming sales. In fact, he makes a living in the e-commerce business of the Douyin platform in which Yike has a stake. However, he is not ashamed of his seniority or current situation. Instead, he has been advocating the arrival of a new era in e-commerce.

He has reduced his talk about Yi Ke and Mr. Fang in the past few months because the situation does not look good. If he talks about them too much, it will certainly attract traffic, but there is no telling when it may violate taboos.

Well, after all, we have to make a living.

However, if Yi Ke wants to break out like this and fight back against the bears, he must jump out immediately.

"Come on, come on, let's not sell any more goods. Today we won't sell any more goods. I will read the news reports to you."

Li Guoqing even put up a banner at the Bingxin factory in his live broadcast room that Fang had shown in the morning, which read "Warmly celebrate the resumption of work at Bingxin Fab1-6."

"This is a report from CCTV, not something I, Old Li, made up."

"——This marks that Yike and Bingxin have achieved a major victory in breaking through Aramco's restrictions. Their spirit of independent innovation and persistence has set a confident benchmark for China's technological self-reliance and self-improvement!"

"——Yike has once again demonstrated its outstanding position as a global technology pioneer. Its core value of 'maintaining progress and using technology for good' has been brilliantly verified for many years. Its efforts and courage have inspired the Chinese people and won the admiration and praise of the world!"

Li Guoqing read out two paragraphs of comments that appeared in the morning news in this way, and smiled at the camera: "I don't know whether you admire it or not, but the short sellers must admire it very much. This time, they, hey, will fail again!"

"I am not afraid of your laughter. I am also a wise man after the event. A few days ago, I was still muttering in my heart that Yike is really in a difficult situation this time. The Q3 financial report will definitely be ugly, and there is no mobile phone production capacity. How can it live like this?"

"But, the facts prove what?"

Li Guoqing sighed: "Don't want to kill Yi Ke!"

"This killing intention is bad!"

"Those short sellers, short-selling masters, Jordan, and other people, are the people Yi Ke killed twice before inferior to them? Not inferior at all!"

"I can only say that Yike's strength is stronger than everyone thinks. Its past large-scale R&D and preparations in the industrial chain are beyond everyone's imagination!"

Li Guoqing hesitated a little when he said this. After thinking for a few seconds, he said in surprise: "It is even possible that Yi Ke has anticipated the targeting of BIS and has an internal plan."

"This is just my guess, I don't know if it is true now."

"But even if there is a plan, now thinking back on Mr. Fang's decision, I don't know about others, but if I were in his position, I would refuse Washington's request, watch the stock price fall, suffer short-selling attacks, and lose market and production capacity..."

Li Guoqing stopped talking here.

He spread out his hands, and after a while he repeated what he had just said, and sighed, "I don't think Mr. Fang would have been too sure. If he had been, Bingxin would not have stopped production and work immediately. If he had been, Yike would not have failed to sell the goods, but he still did it."

"I saw someone say that I, Old Li, was praising him."

"Hey, how do I, Lao Li, play it?"

"I just told him what he did."

"When I first met Mr. Fang, I thought he was pretty good. Then we had competition, and I thought I, Old Li, was also good. Then, I found that there was a big gap between me and Mr. Fang. Now..."

Li Guoqing shook his head: "Maybe this is the difference between a company and a great company, and this is the difference between me, Old Li, and the CEO of Shiyi."

In the live broadcast, Li Guoqing had his arms open and his hands were outside the picture.

Seeing that Mr. Qingzi had almost finished speaking, the staff member next to him asked, "Mr. Li, shall we start?"

Li Guoqing waved his hand and said, "No more! No more today!"

"Ah?" The staff was surprised.

"The goods can be sold at any time, but I don't know when the next time I'll be in a short position like this will be!" Li Guoqing suddenly got angry, "I want to watch Yike's US stock opening to see how this encirclement and counter-encirclement is carried out."

It was already six o'clock in the afternoon in China, and there were only three and a half hours left before the opening of Nasdaq. Its pre-market trading had already begun, and Yike's stock price was rising.

It looks like the short sellers are about to face a bloodbath.

Li Guoqing turned off the broadcast, prepared some food and wine, and watched the pre-market trading of Nasdaq while browsing relevant news from the United States.

Although YiKe has released strong positive news, it is also facing the strongest short-selling siege in history, and I am afraid there will still be some gaming.

Sure enough, just as the wine was opened and the dishes had not even arrived, Li Guoqing saw online reports from Bloomberg and The Wall Street Journal.

Both well-known media outlets quoted sources as saying that Washington is negotiating with Europe to ban Yike's products, and that BIS is communicating with Google to ask Google to stop providing technical support and related cooperation to Yike.

Li Guoqing looked at the news and calculated the time. It was not yet office hours in the United States and Europe. What kind of negotiation was this? Was there an emergency communication for Yi Ke?

As for Google, BIS may really be able to help.

He felt that both pieces of news might not be reliable, but this would undoubtedly offset the major expectations for Yike's good news.

Whether it is fake news or not, the European market may not be negotiated today, and the Google cooperation may not be negotiated, but what about tomorrow, the day after tomorrow, or even next week?

Once YiKe loses the European market after losing the US market, how should its stock price be evaluated?

Li Guoqing felt a little heavy-hearted, and then he saw more media outlets reprinting similar news.

Even if it is fake, will Europe or Google come out to refute it?
While he was thinking carefully, a new message was released from SMIC.

——SMIC’s board of directors approved the plan for a private placement and will introduce Bingxin as a major shareholder.

Bingxin becomes a major shareholder of SMIC?

SMIC, which just announced that it would use 10nm to manufacture for Yike, made Bingxin a major shareholder?

The two companies might as well merge!

Li Guoqing was not the only one who thought so. Many people who closely followed the developments of the Yike system had similar ideas, including Xiong Xiaoge. When he first saw the news of SMIC's 10nm process breakthrough, he knew that it must be the team from Bingxin that was leading the research and development.

After seeing the news of the new private placement, he also understood the intention of doing so. The two companies have reached this point and can take further steps at any time, but Mr. Fang still left room to deal with Washington.

The new owner of the White House has been decided. The fate of SMIC and ICE will depend on whether the situation will ease or become tense in the future, and on the next move of BIS.

As for now, this proposed capital increase plan is just a game against short sellers.

Xiong Xiaoge also noticed that first came the major negative news from media such as Bloomberg, followed by the actions of SMIC and ICE.

In this bull-bear game before the opening of Nasdaq, the pre-market rise of Yike stock temporarily eased, neither falling back nor rising again, but just fluctuating slightly, indicating the market's wait-and-see attitude.

The news from the European market is still too important.

If the shorts cannot be defeated quickly and the announcement is delayed until Q3, market sentiment will probably be different.

Xiong Xiaoge was calculating the game between the two sides, resisting the urge to call Mr. Fang, and waiting anxiously for changes.

At seven o'clock in the evening, two and a half hours before the opening of Nasdaq, a major piece of good news appeared again.

——DuPont, a well-known American manufacturer, announced that it has obtained a temporary license to trade with Bingxin and will resume the supply of photoresist to Bingxin.

When the news came out, apart from a slight increase in Yike’s stock price, many people who were paying attention to the game were surprised.

DuPont...

Just yesterday, Bingxin announced that Xinyang had made a breakthrough in photoresist, and you got the license today?
You are so fast!
Also, Washington is too inconsistent!
This news could not completely evade the fog of Europe and Google, but it really quickly shattered the hearts of Japanese photoresist manufacturers.

Tokyo Ohka and JSR Corporation were the original photoresist suppliers of Bingxin. They were extremely disappointed yesterday. It was not that they did not know that Bingxin would develop its own products, nor was it that they were sure that Bingxin could not do it. It was just...

The industry generally estimates that this time period is 2-5 years.

If this expectation is realized, Bingxin's competitiveness will be greatly weakened and Yike's situation will become difficult.

But, they came up with it this year!

If this happens, there will probably be trouble later.

It is not just a question of product competitiveness. This time, following the BIS restrictions shows a problem of supply chain stability...

One product is 95 points, and the other is 70 points. But you don’t know when the former will be out of stock, so you have to desperately iterate and optimize the latter...

The stability of the supply chain can be understood by looking at Bingxin’s suspension of production and operations to understand the serious consequences.

Although Tokyo Ohka and JSR Corporation did not short Yike, they also have an interest in it.

On the first day, I had mixed feelings when I saw the breakthrough in photoresist and the resumption of work at Bingxin. On the second day, I saw SMIC introduce Bingxin as a shareholder, which made me feel that the industry's voice in mainland China would be more concentrated, which would have an adverse impact on me...

When I suddenly saw the news about DuPont...

I was stunned for a moment!

This is totally unreasonable!
Our Japanese company is pulling out the ladder in front, and your American company has obtained the license at this time?

Isn't DuPont handing a knife to Yi Ke?

The life of a short seller is also a life!

The two Japanese companies immediately called Bingxin, and Tokyo Yinghua's vice president Shinji Ishino even called Mr. Fang and said that he had already mediated with Washington in the hope of obtaining a temporary license to trade with Bingxin.

However, all he heard was rejection from Mr. Fang.

"Mr. Fang, our company is also helpless. Washington has exerted strong pressure, and Tokyo Yinghua has no choice but to stop trading with Bingxin."

“We have previously tried to apply for a temporary permit but have not been able to get one.”

"Boss Fang, Boss Fang, Tokyo Yinghua was desperately trying to ship the goods before the license came into effect!"

Tokyo Ohka did ship the goods overnight before the supply was cut off.

"We paid, right?" Fang Zhuo asked back after hearing this, and then continued, "Bingxin should have thanked you for the shipment. If they didn't thank me, I'll call and reprimand them later."

"The cooperation between Bingxin and Tokyo Ohka has been terminated. The money and goods have been paid off. As for the new supplier, Bingxin must learn from experience and lessons and focus on stability. Therefore, Tokyo Ohka is not within our consideration."

"Also, you shouldn't have called me. You should have gone to Washington."

When Shinji Ishino heard what Mr. Fang said, he said anxiously, "Mr. Fang, there is a misunderstanding between us. We have already sent someone to Washington. I will book a flight to Shanghai in the early morning. I am willing to apologize to you in person and explain the misunderstanding."

"No need, that's all." Fang Zhuo was about to end the call.

At this time, Ishino Shinji raised his voice and asked in confusion: "Mr. Fang, Mr. Fang! DuPont is fine! They haven't sent you any goods before!"

"Ishino Shinji, there is really nothing to say between me and the traitors." Fang Zhuo said calmly, "DuPont is at least better than you. They can get a license."

When Shinji Ishino heard the dead tone on the phone, he was speechless and lost some confidence in his colleague's success in flying to Washington.

He held the phone tightly and sighed: "No, it's not right..."

At least, we are not traitors, we are real devils...

Fang Zhuo ended the call with the Japanese supplier and did not think any more about the relationship between the two parties. In fact, they might find it really difficult to get a license for the ice core.

It is easy to destroy but difficult to build, not to mention that there is DuPont interfering.

This time, DuPont is still very sincere. It has fulfilled its previous promise and contributed a positive force.

Fang Zhuo thought for a moment, then looked at the news on Wall Street and discovered that fake financial reports had already appeared in the news.

He couldn't help but laugh: "The fake financial report is out, is the version updated so quickly?"

Liu Zonghong has been sorting out relevant information, from BIS to Europe to Google to Nasdaq to fake financial reports... He has also witnessed the special properties of the news media.

Many media outlets are reporting on these unconfirmed or obviously false contents in detail.

"TikTok is still easy to use," said Liu Zonghong.

As a short video company founded in the United States, TikTok has a very objective stance on information dissemination, which is gratifying.

Fang Zhuo flipped through the various information and asked, "What did Austin say?"

Austin is a close friend of Washington.

Liu Zonghong replied: "Austin has not responded yet, but he talked to Mr. Kong yesterday and believed that all legitimate interests should be protected."

He continued: “Mr. Kong called half an hour ago and said he had contacted clients on Nasdaq and Capitol Hill and hoped to be treated fairly.”

Fang Zhuo nodded slightly. MIGA Fund, no, it should be said that MIGA series funds have many clients. One of the most popular advantages of the fund among clients has always been the ability to make profits legally.

All customers need to do is to protect their right to make money legally when necessary.

If you can’t even make money legally, do you have to force others to make money illegally?

"Open the market. As long as it opens smoothly, everything will be settled." Fang Zhuo put down the information files he had sorted out and sighed, "Don't laugh at me sleeping drunk on the battlefield. How many people have ever returned from the battles in history?"

Liu Zonghong looked at the time. It was already eight o'clock in the evening, and there was only one and a half hours left until the final trial.

He was just about to pour a cup of tea for his boss when he saw another message from Mr. Kong on his phone, saying that he had had good communication with the French side.

Liu Zonghong immediately forwarded this latest news.

Fang Zhuo just said "hmm" and didn't say much.

The MIGA funds, which make money legally, are sold all over the world, and the French also buy financial products.

Perhaps, the short sellers also have customers in certain positions, but... who are your customers and who are my customers?
Liu Zonghong stood up to pour tea for his boss, glanced at the confusing news that was still being updated, and suddenly felt a headache. Don't struggle anymore. At worst, he can be a brave man again in 18 years, and then he can short YiKe.

Even if we win a small victory this time, you will accept the result of the bet.