Chapter 624: Breaking the $100 Mark? The New Leader in Chinese E-commerce! The First Member of the Follow-up Group!
After triggering the circuit breaker mechanism several times, Pinbei finally closed at US$84.29 per share, with a market value of US$187.12 billion.
After just over four months on the market, the market value soared by US$60 billion!
Investors on the other side of the ocean were so excited that they couldn't sleep all night. Many people who opened positions at US$50 per share were already very happy, with paper profits of up to 60%.
"Pinbei's business is growing too fast! Wall Street has greatly underestimated its true value!"
"Short video shopping guides and live streaming sales models have increased Pinbei's transaction volume by 40%."
"Oh My God! I bet Pinbei's stock price will break through the $100 mark before the end of the first half of the year!"
Seeking Alpha is a well-known investment exchange forum in the Beacon Country. At this moment, a large number of Pinbei shareholders have gathered here, and everyone is guessing what the next high point of Pinbei's stock price will be.
Is it 110 US dollars per share?
Or is it $120 per share?
After all, with China's market potential, the scale of registered and daily active users of Pinbei, Douyin and Kuaishou will continue to increase, and the business model of live streaming sales has just started. Some people even boldly speculate that Pinbei's stock price may double again.
You should know that Pinbei has established branches in Europe, South America and North America, and has cooperated with local suppliers. In addition, it has previously acquired the Lazada platform in Southeast Asia. Although its current size is still small, the market has high expectations for its future development.
Pinbei single-handedly led to a collective surge in stocks in China's e-commerce sector, among which Dongfang's performance was particularly outstanding, with a 10.3% increase on the day.
Vipshop and Jumei also took advantage of this trend and were also favored by the North American investment circle.
In contrast, Ali, as soon as it submitted its IPO application, the throne of the e-commerce leader changed hands.
Pinbei is coming on strong, can Ali maintain its existing market share?
Not only Wall Street investment institutions have doubts about this, but even ordinary retail investors have a big question mark in their minds.
Pinbei is backed by two Internet giants, Senlian Capital and Penguin Capital, and has sufficient traffic resources and a complete ecological system.
What does Ahri have?
This questioning mentality is reflected in reality and is directly reflected in the controversy over the IPO offering price.
Ali's base price was $65 per share, but Wall Street brokers were only willing to accept a bid of $60.
If calculated based on the issue price of US$60, Ali's valuation is only US$147.8 billion, which is one billion less than Pinbei.
How could Ma Liyun accept this?
So, Cai Xin, who was responsible for the listing process, spent every day in New York, meeting wave after wave of investors.
However, at least 60% of investors do not agree with the offer price of US$65 per share.
For a time, the news that Ali’s listing was met with a cold reception spread like wildfire.
The next morning, Great Wall Motors officially launched the Haval Coupe D pure electric model at the Yanjing Auto Show.
Equipped with the Deep Blue 4890 battery pack, it has a range of up to 300 kilometers, which is just within the 60,000 yuan new energy subsidy range and is priced at 239,000 yuan.
This also makes Haval Coupe D another mainstream pure electric model entering the market after BYD e6 Forerunner and BAIC E150 EV.
According to statistics from the China Association of Automobile Manufacturers, as of May 2014, the national sales of new energy vehicles had reached 50,000 units, a growth rate of 410% over the same period.
At the same time, the number of charging stations has almost doubled from 14,000 last year to 26,000.
Behind this, the new energy subsidy policy has played an indispensable role.
Deep Blue Battery also played a significant role in effectively alleviating potential customers' range anxiety.
However, due to the high cost of battery packs, automakers such as BAIC, SAIC, JAC, and Great Wall have been forced to uniformly control the range of their pure electric models to below 500 kilometers.
To put it bluntly, the main purpose is to lower the front-end selling price of the vehicle by controlling costs in order to improve market competitiveness.
However, its range of 300 to 500 kilometers does not show any advantage compared to gasoline vehicles.
Therefore, the development status of new energy vehicles in 2014 still remains at the stage of "policy-driven rather than market-driven".
Although the subsidy policy has stimulated the production enthusiasm of car companies and the year-on-year sales growth of 50,000 vehicles seems impressive, compared with the total vehicle sales of nearly 24 million vehicles in the country, the penetration rate of new energy vehicles is still less than 0.2%, and market recognition is far from open.
Consumers are in a wait-and-see mood. In addition to the shortcoming of battery life, charging convenience remains a core concern.
Although the number of charging piles has doubled to 26,000 compared to last year, the distribution is extremely uneven. 80% are concentrated in business districts and residential areas in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, while second- and third-tier cities and county markets are basically in a "charging vacuum" state.
The Tesla Model S LR has a strong range, but its price is prohibitive.
In the eyes of most people, it is more practical to buy a Mercedes-Benz, BMW or Audi than to spend one million on an electric car.
Tesla's "high price, high range" route is in sharp contrast to the "low price, low range" strategy of domestic car companies, but both are difficult to cover the mainstream consumer market.
The former is stuck in the "price threshold", the latter is trapped in the "experience shortcomings", and the blank area in the middle has become a gap that the industry urgently needs to fill.
Some people expect that after DeepBlue Technology achieves mass production, it will be able to reduce the price of battery supply; others hope that the three major departments of finance, science and technology, and industry and information technology can increase subsidies for pure electric vehicles with a range of more than 800 kilometers.
Judging from the current level of motor technology, if you want to achieve a range of 800 kilometers, you must equip it with a battery pack worth 240,000 yuan.
In this case, the price of the whole vehicle will have to be set at more than 400,000 yuan.
In 2014, it was difficult to convince customers to pay with credit cards for a pure electric car costing 400,000 yuan.
The entire industry was waiting, so when Chen Yansen arrived in Yanjing, Li Qingsong asked him the first time he saw him: "When will the price of the first generation of Deep Blue batteries be reduced?"
The initial production cost of DeepBlue batteries was US$140 per kilowatt-hour, but with the assistance of Shenzhen City State-owned Assets, DeepBlue Technology acquired several large lithium mines. Coupled with the maturity of production technology and the emergence of economies of scale, the cost has now dropped to US$110 per kilowatt-hour.
Its selling price is US$400 per kilowatt-hour, with a gross profit margin of 72.5%, which is a huge profit.
If Deep Blue Battery can lower its selling price, the development of the new energy vehicle industry may usher in explosive growth.
"Mr. Li, I am actually willing to lower the price, but the current market demand is clearly not keeping up.
A rash price reduction would only hurt DeepBlue Technology's profits; moreover, the R&D center needs continued research funding to advance technological breakthroughs in its third-generation products."
Chen Yansen thought for a moment and said.
It's not that there will be no reduction, but that the price will be reduced slowly, gradually, and in an orderly manner.
We have to let Boss Chen make money comfortably first!
Li Qingsong nodded slightly and didn't say much.
He knows very well that the popularization of charging infrastructure is an important guarantee for the development of new energy vehicles. It is obviously not in line with the common sense of industry development to rely solely on Deep Blue Technology to fully promote it.
At present, we can only wait for the completion of the construction of the "ten vertical and ten horizontal" high-speed charging network, lay a solid foundation, and then seek a real opportunity for the new energy vehicle industry to explode.
Inside the cabin, entrepreneurs from other economic and trade delegations couldn't help but show envy on their faces when they saw this scene.
When they were Chen Yansen's age, they had either just entered the business world or were still serving as assistants or doing grassroots work, and had no say at all.
At the age of 22, Chen Yansen not only topped the global rich list, but also became the core figure in the entourage, sitting opposite Li Qingsong.
The other side.
The host of the 7 o'clock news briefly introduced the list of members of the business delegation in the evening news bulletin, and Chen Yansen's name was listed first.
(End of this chapter)
Continue read on readnovelmtl.com
