How did I become a god

Chapter 710 Decisions and Exchanges
Sitting at the dining table in the sunshine of an early June morning, old Pinault looked senile.He was a contemporary of Arnault and Lagardère.

Hearing what his son was about to move, old Pino didn't even blink his eyelids, and said, "Wait a little longer. As hunters, we need to be more patient when dealing with cunning foxes."

Even if it makes less money.

Little Pino nodded.Speaking of which, in this sudden battle, he was indeed behind the scenes.

In fact, he roughly knew the reason for the fierce battle surrounding the "Zhaoshi Group".

First, Richard from Hong Kong Island went to Paris to lobby Arnault.He is the youngest son of Li Jiacheng, the richest man on Hong Kong Island.

Because he lost 12 billion U.S. dollars by Jing Gao in the U.S. stock market.

Second, the development of Zhaoshi Group, especially the property of its capital, can better control the preference of the Chinese market, which makes the big French luxury groups start to be vigilant and suppress!
This is the norm in the capitalist world.If you can't compete, use means to suppress it.

And he is just a pawn that Arnault secretly wins over.Because the Kering Group of the Pinault family is also a luxury group.They are ranked after LVMH Group and L'Oreal Group.ranked third.The next few are Hermes and Chanel.

Of course, the sales of Kering Group can rank second this year.Because they attach great importance to the Chinese market.

It's okay to wait.Even if the benefits cannot be maximized, the victory lies in safety.

Little Pino made up his mind and was drinking milk when he saw his confidant David Lewis come in, the black translator who accompanied Jianjingao last time.Not only does he understand Chinese, but he is also an assistant in the circle around Pino.

At this time, his expression was filled with anxiety.But David Lewis saw the father and son eating and waited at the door of the restaurant.

Pino Jr. said, "David, what's the matter?" Although he has taken over the power of the Kering Group, he will not hide his father about business matters.

David Lewis said respectfully: "Mr. Pinault, just now there is news from China. A think tank has issued a survey report. The core brands of LVMH Group: LV, Bulgari, (spirits) are all in the Chinese market. There has been a considerable decline. The public opinion over there has exploded on the Internet."

What?Little Pino was slightly taken aback.

Old Pinault, who had seen a lot, asked: "He played the patriotic card?"

David-Lewis replied: "No. According to the feedback from the staff of our group there, Mr. Jing has the largest online public opinion platform on their side: Weibo. It is equivalent to Twitter. The news has already been on the hot search.

I think it is most likely a rumour. "

The think tank issued a report, and the public opinion field exploded, causing the stock price to fall. This kind of routine is almost rotten in the European and American stock markets.

But a routine has been abused and has not been eliminated, which shows that this routine is very easy to use.

In other words, today's LVMH group is in big trouble again.This is another bad news.

Spread a rumor and break a leg.

Old Pino raised his eyebrows slightly. He felt very vague about "Mr. Jing", a super rich man from China. Now he has a rough estimate: this Mr. Jing is very powerful!

In today's industrialized society, it is not whoever manufactures goods who dominates, but whoever owns the market dominates in most fields.

In the field of luxury goods, it is precisely a buyer's market!

Even luxury goods around the world are learning from the sales routine invented by Bernard Arnault: launch limited editions, limit purchases, and release them in global central cities such as New York and Paris first, and wait for months for other cities to be available.

Old Pino thought for a while, then nodded to the little Pino who was looking at him, "Henry, just let it go."

The attitude is completely opposite to a few minutes ago!
This is not called recklessness, this is called "moving on camera".

In fact, old Pino made a mistake in estimating Jing Gao's strength.In the West, the power of media moguls is extraordinary.Their net worth may not be the highest.But the influence is not comparable to that of the rich on the rich list.

However, among flower growers, the media platform is not actually the fourth power.They all need to be greeted.Jing Gao is not a media tycoon in the sense of the United States and the West.

However, old Pino's estimate of Jing Gao's strength was correct.

Because he is rich!
Little Pino stood up and said happily, "Okay, Dad. I'll go to No. 16, Rotan Street, District 12 in person." He will bring all the bad news about the LVMH Group that he has collected over the years, and return Including the secrets he planted in the LVMH group.

At 6:5 am on June 9, the Paris Exchange opened on time.

Most of the people in the hall are staring at the stock price of LVMH group.As a constituent stock of the Paris Exchange, the rise and fall of the LVMH Group's stock price is related to the broader market.

After the stock price of LVMH Group dived late yesterday, there were rumors in the market.The most eye-catching thing is the short-selling report on the official website of Deutsche Bank.

Everyone is paying attention to the trend of LVMH Group's stock price after the opening of the market today.The lower limit at the end of yesterday can be said to be affected by bad news and market sentiment, and its stock price cannot truly reflect the fundamentals.

So, after more than ten hours of preparation, will the stock price rise or fall next?
Results will be revealed soon.

Bernie Augustine, vice-chairman of the Paris Bourse, stood in a corner of the trading floor, arms folded, looking at a screen directly in front of the trading floor.

With the popularity of computers and the Internet, the entire European stock exchange is operated using the same software.The entire trading floor is no longer noisy and crowded with people when he entered the industry decades ago.

He actually missed the golden years back then!France has really gone downhill over the years.Civil unrest, political chaos, economic downturn, rising unemployment.
However, today's Paris Exchange hall is still a little lively.After the "bidding transaction" this morning, an enterprise from China was arranged to ring the bell for listing.

More than a dozen financial media who are resident in the Paris Exchange are crowded in the audience, preparing to take pictures.

The host took the microphone and announced in French: "Mr. Qin Ziheng, chairman of Fengli Company, please ring the bell."

Bernie Augustine rubbed his bald head, watching this common scene, his thoughts kept wandering.

The time in the Far East is 6 hours ahead of Paris time, and it is already afternoon in Beijing.The public opinion and trending news on Weibo over there have already spread.

As the vice chairman of the Paris Exchange, he certainly knows the news.

With the spread of the confrontation between Zhaoshi Group's major shareholder Jing Gao and Europe's richest man Bernard Arnault, some news seems reasonable.

One: Isn’t it normal for LVMH Group to suppress the Chinese-funded Zhaoshi Group, so its market share in China has dropped?

Second: Mr. Jing of Zhaoshi Group is a media tycoon in his country, enough to influence consumers' choices. The reputation of the LVMH Group for decades was destroyed.

Third: Some things in the LVMH Group have touched certain red lines, and this time it was exposed by Mr. Jing, so it is impossible to publicize.The market share will continue to decline, and it is not impossible to withdraw from the Chinese market.

Thinking about the news, Bernie Augustine felt distraught.

As the vice chairman of the Paris Exchange, he manages several funds and has placed a heavy bet on the LVMH Group, a constituent stock of the Paris CAC40.In fact, the stock price of LVMH Group has never let him down, and it has been rising all the way.

He also recalled the picture of Chester Flynn, co-president of Deutsche Bank's investment department, being interviewed by reporters in front of the Deutsche Bank headquarters building before the market opened in the morning.

Reporters with long guns and short cannons surrounded Chester Flynn who came out for a brief interview.A female reporter in a red coat asked: "Mr. Flynn, is the short-selling report released by Deutsche Bank true?"

Chester Flynn said: "Of course it is true. I have the signature materials of the parties involved. Which media are you from? Next question."

The next question was asked by a middle-aged reporter who spoke English, not German, "Mr. Flynn, Deutsche Bank pointed out in the report that LVMH Group is not worth 1400 billion euros in market value at all, and said that the stock of LVMH Group is only worth 194.8 billion euros. The value is [-] euros. What is your basis?"

Chester Flynn stared and said, "common, body! Don't you pay attention to the news from the Chinese market? LVMH Group took the lead in crowding out the Chinese-funded Zhaoshi Group, and it is about to lose the Chinese market. So, do you think it is worth it now?" How much?"

Questions are going on one by one
Just as Bernie Augustine's thoughts were flying, the screen in the hall of the exchange had already shown the battle surrounding the long and short sides of the LVMH Group's stock price: the stock price fluctuated up and down.

Funds are constantly being invested in, and a brutal fight is going on.

Then, a sudden clamor and purge shattered Bernie Augustine's thoughts.

(End of this chapter)