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Chapter 279 Chairman, Baidu is finished(1/4)

Especially now that Baidu is still having a celebration party and popping out champagne!

How ironic!

Qu Xin opened his mouth. He really didn't know how to crush the dreams of Li Yan and others. He told them to celebrate with a hammer and Baidu was finished!

Under the feasting and feasting, Li Yan also noticed something strange about Qu Xin and said with concern:

"Laoqu, why do you look so ugly? Did you spend more money to invest in NavInfo?"

"It's okay, it's all trivial. As long as it can ensure the strategic security of our Baidu Map's underlying map data, it's all worth it. It doesn't matter. Come, have a drink! Lafite in 1982!"

With that said, Li Yan handed Lafite over.

Qu Xin did not dare to pick it up, but said: "Chairman, Baidu is finished!"

"???" Li Yan looked confused: "What's the end?"

"Baidu Maps is over, AI intelligent driving is over, everything is over!" Qu Xin said hysterically.

"???" Li Yan was stunned, and suddenly thought of a terrifying reality: "Could it be SiDInfo..."

"Yes, yesterday when I was discussing the acquisition of Amap at Xingyi Technology, Tencent and Alibaba sent their vice presidents to NavInfo to rush to buy shares."

Li Yan: "..."

"Today, Director Wang rejected our acquisition of Amap. When I rushed to NavInfo in the afternoon, Alibaba was out, and Tencent won 10% of NavInfo's shares for 1.5 billion. From now on, NavInfo will become a Tencent company, and our Baidu map is finished.

!”

Li Yan's face turned pale: "!!!"

The hand holding Lafite was trembling.

His face instantly became as pale as paper.

His eyes were wide open, filled with anger and despair!

" NavInfo has become a Tencent company. As a sworn enemy, it will no longer cooperate with us after the license expires next year."

"Another underlying map data provider, AutoNavi, was fully acquired by Wang Yi. Due to the hostile relationship between the two parties, it is even more impossible for us to authorize it."

"Without even the underlying map data, the future of Baidu Maps is ruined!"

"It will operate until next year at most, and it will be completely finished the year after that!"

"Baidu Maps is finished, and the AI ​​intelligent driving that we invested heavily in research and development is also finished!"

"What the hell, the whole strategy is over!"

"boom!"

The goblet containing Lafite fell to the ground hard and broke into pieces.

What kind of 1982 Lafite, what kind of celebration party?

At this moment, Li Yan only felt ironic!

Baidu Maps and smart driving are both over, but they are still holding a celebration party?

What an irony!

What's even worse is that a media conference was held today, hot searches were arranged, Baidu Maps + AI intelligent driving strategic plan was hyped up, and Xingyi Technology and AutoNavi were also reviewed!

Tell me now, even the underlying map data is gone!

Then what else?

The grand hegemony of Baidu Maps + AI intelligent driving has just begun and is already over!

Isn't this funny?

So funny!

What’s even worse is the stock price!

The stock price boosted by Baidu Maps + AI intelligent driving will also completely collapse as a result.

"It's over, everything is over!"

Li Yan's face changed drastically, and he said quickly: "We must control the news and must not let the news leak. Once the news leaks, our Baidu stock price will plummet again, not to mention rising back! It will fall even harder, and it will be even more miserable!"

But what are you afraid of, what will come.

A subordinate held his mobile phone and couldn't help but said: "Chairman, the news has been leaked!"

"What! So fast!"

Li Yan broke out in a cold sweat and snatched the phone away, only to see a piece of news on the hot search:

[Tencent strategically invested 1.5 billion in NavInfo and became the second largest shareholder of NavInfo!]

"Damn! They are so quick, they deliberately want us Baidu to die!"

Li Yan turned pale and thought of the consequences for a moment!

Sure enough, as soon as this news was released, Baidu's V-shaped rebound in stock price quickly stopped rising, and then plummeted again!

It finally rose back to a market value of 205 billion, but fell back in the blink of an eye.

And it fell even lower, to 185 billion, then 180 billion, then 175 billion...it's still plummeting like crazy!

It plummeted as if there was no end.

For a time, many investors were confused:

"How could this happen? Baidu's V-shaped rebound turned into a vertical collapse again?"

"Yes, Baidu's stock price was soaring just now. I just took a heavy position, why did it collapse?"

"It's hard to understand. Isn't AI very powerful? It's very promising. How could it fall so badly?"

"I came here to buy the bottom, but I got trapped! It's so outrageous!"

For more professional news, Lianzai can't understand it. Even if it is on the hot search, they can't understand it. They only know how to buy, buy, buy.

But capital institutions have professional analysts, so they can naturally understand it.

When they saw Tencent's investment in NavInfo, the institutions understood the consequences and knew that Baidu Maps + AI's unmanned driving hegemony was over before it even started.

Decisively sell the stocks you just heavily held at low prices, even if you lose some money, that's no problem.

But the leeks don't understand, and they are still buying and buying like crazy, taking orders.

It wasn't until Baidu's stock price completely collapsed that the Leeks came to their senses and asked why.

Several people in the industry couldn't stand it anymore and explained:

“Baidu has lost its foundation, what future does it have?”

"What do you mean? Please give me some advice. I just bought some Baidu stocks."

"The latest news is that Tencent has taken a stake in NavInfo. As a competitor, it will no longer authorize Baidu's underlying maps in the future. Baidu Maps has no underlying data available, and it's completely over."

"Baidu can use other companies."

"It's useless. Another AutoNavi company was acquired by Xingyi Technology. Baidu blocked Xingyi Video and belittled Xingyi Technology and Director Wang. How could Director Wang give him authorization?"

"If the underlying map data authorization is gone, Baidu Map is finished. Baidu Map is finished. The so-called AI driverless driving has become a fantasy! Baidu is finished!"

"I see. No wonder Baidu, which was in a bull market just now, has now become a bear market."

"Fuck, if I hadn't told you earlier, I would have already invested heavily in Baidu!"

"Me too, crying! What the hell is the bottom map?"

"Oh my god, you don't even understand this, how dare you buy stocks?"

"What do I know? I just follow the trend and see what others buy, so I buy what I want."

"Brother, promise me not to speculate in stocks and find a factory! You will be grateful to me."

"I watched him build a tall building, watched him entertain guests, and watched his building collapse. Baidu's wave is too tragic to watch."

"Yeah, it's just that he committed suicide and offended Director Wang so badly. And he and Goose Factory are sworn enemies. It's really over."

"Baidu's stock price tonight may fall to an extremely terrifying level!"

“When I saw the news about Tencent’s investment in NavInfo, I decisively lost 20% and sold it all.”

"Awesome, I was too slow to make a move, I lost 25%, sold half of it, and caught half of it."

"I just picked up the missing position and added it, and it was your order! Now I'm trapped!"

"Thank you good man!"

“Thank you Leek!”

"..."

"Baidu is so funny. It doesn't even have the underlying map data, and it still wants to build AI driverless cars. It's a joke."

"Baidu also said that Gaode was not worthy of being their opponent. Now it's better. Even if they call them daddy, Gaode won't help them."

"Baidu is a typical pie-in-the-sky player. Before he learned how to walk, he just wanted to fly. Baidu is too unreliable."
To be continued...
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