Rebirth 2010: I taught Mr. Lei how to make a mobile phone

Chapter 779 Chen Mo and Little Ma's First 'Intimate Contact'

It must be admitted that Mr. Jia's human charm was brought to its fullest extent at this moment.

The story, as always, was vivid and moving, with a rhythm that was half bright and half sad. Countless LeEco employees were moved by the martyr-like tragic heroism of President Jia in this letter.

Some fanatics at the time were even tempted to work their lives for LeEco even if it meant not making money.

However, when the letter began to circulate online, the suppliers were remarkably clear-headed. Caught between two equally dire circumstances, they chose to ask for their money back!

These business people, well aware of the ruthlessness of the market, understand that not getting paid means certain death.

Faced with life and death, all talk of ecological transformation and blueprints of dreams becomes the most extravagant nonsense.

This open letter, intended to turn the tide, turned into a time bomb that detonated prematurely, with its chain reaction far exceeding Jia Yueting's expectations.

Suppliers reacted quickly, and a run on LeEco broke out instantly—even banks fear a run on their banks, let alone LeEco, which had already been drained of its cash flow.
From then on, LeEco was plunged into a desperate situation, experiencing both great success and immense failure.

When the towering waves crashed in, Jia Yueting, who once shouted "suffocating for dreams," finally truly experienced the feeling of suffocation.

In fact, the seeds of this storm had already been sown long ago.

At the beginning of the month, when LeEco's seventh major ecosystem, "LeEco Finance," made a high-profile debut, the capital market responded cruelly: LeEco's stock price plummeted by 7.49% in a single day, wiping out 66 billion yuan in market value instantly, and continued to plunge for the next three trading days.

From televisions to mobile phones to cars, this was originally a magnificent trilogy of LeEco's ecosystem strategy.

The success of the first two may have made Jia Yueting overconfident. He seriously underestimated the difficulty of car manufacturing, especially in the field of new energy vehicles, and the research and development costs required far exceeded those of traditional cars. Moreover, his research and development base was located in the United States, which made the costs even higher.

The 500 billion yuan earned through television, mobile phones, and the stock market, apart from the portion cashed out by the family, was all poured into the stock market.

Unfortunately, due to his lack of sufficient risk assessment, nearly half of the 500 billion yuan was burned. The new car had only just entered the prototype stage, the factory had not yet been built, and it was revealed that the company was in debt. The sales network, service and maintenance network were completely blank, not to mention that there was an insurmountable gap between the prototype and the mass production car.

Jia Yueting's business model is essentially a capital game: attracting hot money with cutting-edge concepts and then continuing the capital myth with new stories.

He firmly believed that as long as the Faraday prototype was launched, the funds could be used to continue the game of musical chairs, and LeEco would be able to turn things around.

Unfortunately, good strategic thinking alone is not enough; Jia Yueting seriously underestimated the difficulty of strategic execution.

Although in this crisis management, Mr. Jia demonstrated his shrewdness by personally stepping forward, taking a self-inflicted blow, preemptively acknowledging LeEco's problems, seizing the initiative in public opinion, and preventing the spread and expansion of various unfavorable speculations.

Furthermore, they turned the tables and then played the "praise first, criticize later" game again, hoping to win back goodwill and trust by stating in an internal letter that they "voluntarily and forever only receive an annual salary of 1 yuan from the company."

But this usually foolproof tactic failed this time.
Besides the reasons mentioned above, the most important thing is
His boss got into trouble.

He couldn't raise any more money.

LeEco's story is about to come to an end.
The Pillow Water Resort Hotel, a traditional Jiangnan garden-style building located in the Xizha Scenic Area of ​​Wuzhen, is dimly lit and has witnessed the grand occasion of the World Internet Conference.

As the main venue hotel, it not only hosts high-profile events such as the opening banquet, but also gathers top figures in the internet industry.

"Is Little Ma still in the room?"

Chen Mo returned to the hotel close to midnight, and the splash of cold water made him slightly more awake.

He drank quite a bit at dinner tonight—he was naturally very open with his core allies, but as for those "new friends" who were nowhere to be seen last year but are now showing great enthusiasm, he only maintained appropriate politeness.

The scarf he prepared was essentially an entry token, but only the first test. Whether these people would gain the sect's recognition and resources depended on their subsequent performance.
"He hasn't gone out. He went to the back garden alone ten minutes ago," Old Mo reported in a low voice.

"knew."

Chen Mo straightened his collar, a glint of shrewdness flashing in his eyes. Ten minutes later, the moonlight was like water, and the bamboo shadows swayed gently.

The back garden of the Pillow Water Hotel is like a freehand ink painting, with pavilions and towers dotting the winding bridges and flowing water.

As Chen Mo strolled through the area, he soon spotted that familiar figure: a white shirt rolled up to the elbows, impeccably tailored trousers, standing with his hands behind his back, gazing up at the stars, looking like a reclusive sage, completely oblivious to the world around him.

After waiting a moment and seeing that the other party did not react, Chen Mo bent down, picked up a pebble, aimed it in that direction, and flicked his wrist.

The stone drew a smooth, rounded path.
With a "plop," the pebble pierced the night and landed precisely in the pond beside it, the ripples shattering the reflected starry river.

Seeing that her probing had attracted the attention of a man not far away, she noticed something amiss.

"Pony, what a refined taste!" Chen Mo said lazily, waving from his bench. "Did you gain anything from observing the celestial phenomena last night?"

"It's rare to see such a starry sky in the city." Little Ma adjusted his glasses, his gaze behind the lenses unfathomable.

“Indeed.” Chen Mo patted the empty seat next to him. “Want to chat?”

After a brief silence, Brother Ma walked over slowly. As soon as he sat down, he smelled the strong smell of alcohol on Chen Mo and couldn't help but frown slightly.

How much did this guy drink tonight?

In fact, Little Ma himself is also a heavy drinker, and he has never lost a drinking contest.

Therefore, he knew that although there was a saying that one speaks the truth when drunk, it was not advisable to make plans after drinking.

Fortunately, Chen Mo was aware of his condition.

"I think we two brothers need to have a serious talk."

Chen Mo suddenly put his arm around Xiao Ma's shoulder, with the warmth typical of Northeasterners.

Despite his discomfort with this physical contact, Little Ma maintained a polite smile: "About what?"

"Regarding the future of the other side, the future of Tencent, and..."

Chen Mo paused, his words slightly muffled, but his eyes were exceptionally clear. "Their shared future."

Hearing Chen Mo's slightly slurred speech, Little Ma raised an eyebrow. "Now?"

"No, no, no, my mind is quite active right now, but I'm not calm, so it's not suitable for discussing serious matters. I just came here to ask for your opinion, after all, it's not a good thing for one party to be so enthusiastic about a haircut."

What do you mean?

On the surface, Ma Ge remained calm, but inside he was in turmoil.

The day has finally arrived.

Although he had already agreed in his heart, he still pretended to be reserved and pondered for a moment.
"I'd also like to hear Mr. Chen's insights!"

The two then agreed on a specific time and place to meet the next day. After all, things were still far from settled, and it was best to keep their meeting a secret.

"Then it's settled. Let's meet tomorrow."

(End of this chapter)