All of Kechuang Bio's official social media accounts have released teaser videos about the virtual reality device.
After the video was released, other countries quickly realized what China had been up to in the capital markets over the previous two weeks.
Virtual reality in its true sense has arrived. This is equivalent to skipping over Internet 1.0, 2.0, and 3.0 and directly arriving at the tenth generation of Internet.
The "tenth generation" mentioned here is just an exaggeration; even ten generations may not be able to achieve true virtual reality.
God's Arrival
With virtual reality devices, all of these internet giants will have to reprice their products.
Foreign companies like Google, Amazon, Apple, and Meta, as well as domestic companies like BAT (Baidu, Alibaba, Tencent), and many other internet companies, simply cannot enjoy the current valuations.
With the arrival of the virtual reality world, the demand for traditional internet services will be minimized due to the software format.
On the same day, the Nasdaq index crashed at the opening of the US stock market, and by the close of trading, it had fallen by more than 15 percent.
This is the largest drop in Nasdaq history.
The largest single-day drop in Nasdaq history was only 11.35%.
Even during the dot-com bubble burst in 2000, the Nasdaq index never fell by more than 10% in a single day.
Most of the stocks that make up the S&P 500 are falling.
The S&P 500 fell by 20 percent that day, directly triggering the trading halt mechanism in the US stock market.
It's important to know that a 7% drop in the S&P 500 will trigger a circuit breaker, a 13% drop will trigger another circuit breaker, and a 20% drop will halt trading for the entire day.
Since this circuit breaker mechanism was introduced into the US stock market, the US stock market has experienced four circuit breaker events.
Back in 2020, the US stock market only experienced two circuit breakers within a single week.
As a result, a single video from Kechuang Bio directly caused the US stock market to trigger three circuit breakers and halt trading.
This is the first time in history.
"Brothers, let's watch the fireworks!"
"I never expected that an announcement from a Chinese company could cause the US stock market to crash."
"It's like witnessing history. As a post-90s generation, I've witnessed too much history. I originally thought that the three circuit breakers in nine days in the US stock market eleven years ago was an insurmountable historical event."
Unexpectedly, there were three circuit breaker events in one day.
I suspect that the circuit breaker mechanism was not something the American Securities and Exchange Commission had envisioned when it was designed.
The most absurd part is that this is still influenced by Chinese companies.
"Investors behind internet giants like Google, Microsoft, and Apple are terrified by this innovative biotech company."
I didn't believe that Kechuang Bio had actually developed virtual reality technology.
Judging from the reaction of the US stock market, I guess it's true.
Capital is voting with its feet.
"I also think that if virtual reality technology hadn't actually been realized, what else could cause Apple's market value to drop by 20 percent?"
More than one trillion RMB evaporated directly.
The reason why Apple only fell by 20% is because the market believes that Kechuang Bio's virtual reality devices will not be able to enter markets outside of China in the short term.
If it becomes clear that virtual reality devices can be deployed in America and most of the world's spheres of influence, Apple's stock price will drop by at least 50%.
"The US stock market is too exciting, my heart can't take it. I'd better stick to playing the A-shares market."
At least the A-shares market will drop by a maximum of 10% tomorrow.
The suspension of trading in US stocks that evening topped the charts on Chinese social media.
Chinese netizens were very excited, as this was the first time they had seen a Chinese company's new product launch announcement cause a circuit breaker in the US stock market.
"This is something we haven't seen in the US stock market during the dot-com bubble burst in 2000, the financial crisis in 2008, the South China Sea standoff in 2016, the pandemic in 2020, or the Fed's repeated interest rate hikes in 2022."
Kechuang Bio is amazing.
"Wait, if US stocks crash, won't the A-shares and Hong Kong stocks crash too tomorrow? I still have positions myself, what am I happy about?"
"Perhaps this is what they mean by 'the more the merrier'."
Many people in China actually own or have multiple properties, but they also want to see Chinese housing prices collapse.
People who enjoy themselves are fearless.
As expected, the A-shares market collapsed on the second day, almost repeating the tragedy of thousands of stocks hitting their daily limit down years ago.
The semiconductor sector suffered the most, with its value dropping by at least seven points.
The stock market investors who were complaining about US stocks on Weibo the night before turned into self-deprecating humor the next day.
"I will consider the losses in my account as a donation to the research and development of Kechuang Biotechnology."
"I just hope that the losses in my account will give me a discount when I buy virtual reality equipment later."
The only stock to surge that day was Kechuang Bio, a listed company with a market value of trillions of yuan, which hit the daily limit.
It's important to know that the daily price fluctuation limit for the Science and Technology Innovation Board is 20%.
CATL, for example, saw its stock price hit the daily limit for eight consecutive trading days after its initial public offering, directly becoming the largest weighted stock on the ChiNext board at that time.
However, after CATL's market value increased, it almost never hit the daily limit again. Although it has been on an upward trend, it is almost impossible to hit the daily limit because of its large market capitalization.
If a company like CATL with a market value of trillions of RMB is like this, then Kechuang Bio's market value of trillions of RMB is priced in US dollars.
Even the most optimistic shareholders never imagined that Kechuang Bio could hit the daily limit.
This is extremely rare.
On the day of the opening, Kechuang Bio was immediately locked at the daily limit up, and it never opened again.
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