The stock market was very hot in 1999, especially the technology and emerging Internet sectors, which reached a crazy level.

The rapid rise of technology and Internet stocks began with Cisco's listing in 1992 and entered the fast lane in 1994. It reached its peak when the daQ index reached its highest point of 5o32.63 on March 1, 1999. During this period, the stock markets in Western countries saw rapid growth in their market value driven by the Internet sector and related fields. The combination of stock prices and buyer speculation, as well as the widespread use of venture capital, created a breeding ground, which caused these companies to abandon standard business models, break through the bottom line of the traditional model, and focus on how to increase market share.

However, the market did not cool down from then on, but became even more crazy. The stock prices of several major information industry giants soared further. On August 6, 1999, Cisco's stock price exceeded the $600 billion mark, becoming the first large company in history with a market value of $600 billion. On the same day, Microsoft's stock price also soared to $580 billion and is still in high growth.

However, the crisis has reached the verge of explosion.

On August 12, 1999, the daQ comprehensive index reached 514 on the day it reached 5232.62, more than doubled the number just a year ago. In the previous year, interest rates were raised by the Federal Reserve 6 times, and the cheating economy began to lose its degree.

daQ began to fall slightly since then, but market analysts said it was just a correction to the stock market.

One of the possible reasons for the collapse of daQ and all network companies is that a large number of billion-dollar sell orders for high-tech stocks such as Cisco, Microsoft, Dell, etc. happen to appear on Monday morning of the first trading day. The result of the sale caused daQ to fall from 5o38 to 4879 as soon as the market opened on August 15, a total of 4 percentage points. The largest percentage of the year's "pre-market" selling.

The large-scale initial bulk sell order processing on Monday, August 15 led to a chain reaction of the sell-off: investors, funds and institutions began to liquidate. In just 6 days, daQ lost nearly 9oo points, falling from 5o5o on August 12 to 458o on August 17.

In fact, the explosion of events is both accidental and inevitable.

The unprecedented prosperity of the Internet has made the US government eager to give up its huge holdings in the Internet. This was originally an unwritten agreement reached when Zeng Lingfeng returned to China two years ago. The incident on May 8 made Sino-US relations even more tense, and the US government is even more urgent to force Hanyu Mimon Group to give up its control over the US information industry.

During the negotiations between China and the United States on the "miss bombing" case of the Federal Republic of Yugoslavia Embassy and the negotiations between China and the United States on China's accession to the WTO, the demand for Hanyu Mimon Group to give up its control over the US information industry as soon as possible.

Originally, after the big sell-off in 1996, the United States' wariness against Hanyu Mimeng Group weakened. However, they really did not expect that the information industry sector would be so strong in the following two years, and even doubled. In the past two years, Hanyu Mimeng Group has been grinding its teeth with the US side in the huge losses in the transactions two years ago, hoping that the US government would provide certain compensation policies.

The US government naturally cannot accept the request of Hanyu Mimon Group. However, some officials in the government still expressed sympathy for the huge economic losses of Hanyu Mimon Group. Therefore, in the past two years, although the information sector has strengthened day by day, it has not made any tough demands again. The two sides are considering "friendly consultations."

However, American patience has gradually been worn out in the long tug-of-war of two years, and the Chinese government's tough performance after the "mistake bombing" case of the Federal Republic of Yugoslavia Embassy was even more unhappy, so it increased the pressure on the Hanyu Misty Group.

Under strong pressure from the United States, Zeng Lingfeng finally stated in early July 1999 that he would go to the United States in the near future to deal with the huge information industry shares of Hanyu Mimon Group and give up control of the US information industry.

After Zeng Lingfeng expressed this meaning, negotiations between China and the United States in two fields finally got on track.

In view of the huge contribution of Hanyu Mimeng Group, both the Chinese government and the US government have made some statements to Hanyu Mimeng Group and given a series of preferential policies.

Zeng Lingfeng smirked at this countless times.

On August 1, 1999, Zeng Lingfeng arrived in New York.

After consultation with relevant parties, a final agreement was finally reached, and Hanyu Mimeng Group gave up most of the shares of several major information industry giants.

However, the market value of these shares is really terrifying. According to the agreement, Hanyu Mimon Group will give up 46% of Cisco's shares, which reaches nearly 280 billion US dollars and 15% of Microsoft's transfer shares, which also reaches nearly 90 billion US dollars. As for the shares of HP, Apple, Dell, Oracle and other small companies that have given up, the total amount is nearly 300 billion US dollars.

Trading such a massive amount of shares will create a huge trading problem.

In fact, during the two-day negotiation, the most time is spent on the transaction connection between several parties.

On August 15, after the stock market opened, trading began.

All parties are very nervous. If there is a small problem in the middle, it will inevitably cause huge fluctuations in the stock market. The transaction amount is too huge.

However, the huge trading volume still led to turmoil in the stock market. On the first day, daQ fell from 5o38 to 4879, a total of 4 percentage points.

All parties are mentally prepared for this, after all, the trading volume is too huge, which is expected to cause stock market fluctuations.

In the following days of trading, the stock price continued to fall until August 17, when the transaction was completed, daQ lost nearly 9oo points and fell to 458o points on August 17.

Although Zeng Lingfeng lost tens of billions of dollars during this period, he finally successfully picked it out of the upcoming collapse of the stock price of the information industry sector.

The US government and related companies in the US information industry also breathed a sigh of relief and finally moved the knife hanging over the United States, Hanyu Mimon Group, which was hanging on the head of the United States. Now I can feel at ease. As for the decline in the stock price of the information industry sector, this is completely bearable in their expectations.

However, the development of things proves that what is about to be born is really unbearable to the US government and the US information industry. The turmoil these days is just the beginning of the disaster.

On Friday this week, after the stock market closed, all parties thought that everything had come to an end and that the information sector would strengthen starting next week. However, in the new week, after the stock market started trading, the facts did not develop as they imagined, but began to fall continuously, eventually turning into a veritable collapse of the Internet economic bubble.

The collapse of the Internet economy bubble wiped out the market value of technology companies by more than three years from August 1999 to January 2012.

Of course, all this has nothing to do with Zeng Lingfeng, the founder. He has successfully sold the huge information shares he holds in his hands before the bursting of the Internet bubble economy, and even brought the favorable impressions of the governments of the two most powerful countries in the world and a series of preferential policies. This business is nothing more cost-effective than this.

August 21, 1999, beautiful Hawaii.

On the beach, under a huge parasol, a young man wearing a pair of big sunglasses and wearing only a pair of shorts was lying on a cool rattan chair, looking very comfortable under the gentle breeze.

Not far away beside him, there was also a rattan chair that was exactly the same as that under him, and inside was a beauty in a pure white silk dress.

This woman is very beautiful, looking in her early twenties. The look on her head was tied up high, and then she was pinned with an extremely delicate hairpin, which looked extremely dignified and elegant. Her jade-like cheeks were inlaid with two stars, shining eyes, as beautiful as a lotus from water. Her perfect figure, her waist was too much tolerate, her tall breasts that were about to break her clothes, and her slender and straight legs gave people great temptation no matter what part of her body.

Seeing the young man looking at him and smirking, the woman smiled sweetly and said angrily: "Boy, what are you looking at?"

The young man didn't care and said lazily: "Of course I'm looking at the beauty."

The woman gave the young man a hygiene eye and said, "You will know that you will smile foolishly, depending on your virtue."

The young man was even happier: "Is my virtue bad, Sister Xinyi?"

The beauty turned her head and ignored the young man's teasing.

The young man was still unmoved and kept staring at the beauty, but didn't say anything.

Maybe it was strange that the annoying little guy didn't say anything for a long time. The beauty couldn't help but turn her head, but it was found that the little guy was still staring at her and looking at her.

The beauty said angrily: "Ling Feng, is it that beautiful?"

Needless to say, this young man is Zeng Lingfeng. He said, "Of course, my sister Xinyi is the most beautiful woman in the world."

Su Xinyi's already rosy face was even red like a ripe peach, and it was almost dripping from water. Su Xinyi lowered her head and said, "Who is your sister Xinyi? It's true."

Zeng Lingfeng said: "Sister Xinyi, I'm so happy."

Su Xinyi was a little dizzy when Zeng Lingfeng was a little confused.

Zeng Lingfeng smiled and said, "Because Sister Xinyi is finally willing to see me."

Su Xinyi was very conflicted about meeting Zeng Lingfeng. After learning that Zeng Lingfeng would come to the United States again, Su Xinyi's first idea was to avoid Zeng Lingfeng. So, the day before Zeng Lingfeng was about to reach New York, she went from New York to Los Angeles. Later, when she learned that Zeng Lingfeng had finished handling the matter and was about to arrive in Los Angeles, she immediately flew to Hawaii and hid on the island that Zeng Lingfeng bought a few years ago.
Chapter completed!