"According to the Enterprise Bankruptcy Law of the People's Republic of China, if the debtor cannot repay the due debts, the creditor may submit an application to the people's court for reorganization or bankruptcy liquidation of the debtor. According to regulations, if the debtor's property is not enough to repay all bankruptcy expenses and common-friendly debts after the court accepts the bankruptcy application, the bankruptcy expenses shall be paid first; if the debtor's property is not enough to repay all bankruptcy expenses or common-friendly debts, the bankruptcy expenses shall be paid in proportion."

This law appears in front of Xiao Jie's mobile phone screen.

In his mind, he was thinking about Hu's Technology's two debt repayment plans.

First, Hushi Technology pays 40% of the amount owed to the supplier in cash, and the remaining 60% will be allocated by the court after the debtor goes bankrupt and liquidates;

Second, Hushi Technology pays 60% of the amount owed to the supplier in cash, and the remaining 40% of the suppliers give up on compensation and no longer claim any rights from the debtor.

The premise of these two plans is that Hushi Technology still has residual assets after paying employees' wages, water, electricity, taxes and bankruptcy fees.

No matter which one you choose, it means that Hu's Technology is about to go bankrupt.

Thinking about this kind of plan is a torment for Xiao Jie, just like parents choosing how their children should die.

Hu's Technology is valuable, at least once valuable, and value investment is the only investment philosophy that Xiao Jie follows.

Hu Yi, the founder of Hushi Technology, once founded a chain of supermarkets such as Fresh Food Home. The market demand for community fresh food homes can directly support a company with a market value of 100 billion yuan. As long as the platform ecosystem is established and internal and external resources are completely connected, Hushi Technology's community group buying can fully create a business covering 1,000 municipal and county-level cities in China, with an unlimited future.

But in today's era of startups, capital, a good idea, a good team and a good company will be distorted or even die due to the fierce competition.

Once a certain business is considered profitable, everyone wants to try it. Regardless of whether these people are professional or not, or whether they are really good at the business, they will set up a company and join the competition like they have been injected with chicken blood. As the company enters the market, there are also various types of capital mixed with fish and dragons.

Some capital is very rational and knows that money should be invested in the most professional and suitable people;

But some capitals are often very barbaric. What they are best at is grabbing the air and grabbing concepts. In order to divide a small piece of cake, they will never hesitate to become a disgusting mouse shit.

Therefore, in a short period of time, the community group buying companies that appeared in the public's vision were dazzling, and many of the exposed problems were endless, such as low loyalty among group leaders, homogeneity of fresh food, shortage of vegetables, serious damage to fresh food, maliciously lowering the purchase cost, and the platform's extreme reliance on "money-burning subsidies".

Words such as "false sales", "no goods after payment", "incorrect goods" and "not found the group leader" have become high-frequency words for complaints in community group buying.

It was originally a profitable business model, but it was notorious for these wolves-like capitals in the market.

In Xiao Jie's eyes, this type of capital is no different from some basketball clubs. These clubs often pay salaries to athletes who don't play very well and often like malicious fouls.

iMedia Consulting predicts that by 2022, China's community group buying market size is expected to reach 100 billion.

But in Xiao Jie's eyes, Hu's technology no longer has such potential. A model that originally made money, earned low prices and sold at high prices, has been ruined by Hu Yi, or in other words, Hu Yi was forced to ruin it under the abnormal competition system of not playing according to the rules.

"Mr. Hu, you have invested too much in offline storage cold chains, which has led to the lack of income to settle costs." Xiao Jie told Hu Yi that both of them were sitting in Xiao Jie's car at this time.

Hu Yi has experienced many battles, and even though he is chased by hundreds of suppliers to collect debts, his thinking is still clear.

"This stage is indeed a burning money. If the cold chain is not done well in the early stage, there will be no outstanding advantages in this industry. The market expansion must be fast, regardless of cost. If it is not fast, we will be defeated by other competitors. The key now is..."

"The key is money, right, Mr. Hu?" Xiao Jie's eyes were very deep.

"Yes!" Hu Yi's tone was a little excited.

"Enterprise development will definitely require money." Xiao Jie signaled Hu Yi to be calm, "Your shared warehouse, platform center warehouse, service station, group leader store and other levels all require funds. I know this, but we cannot change the payment method to prepayment. You should know the passivity of prepayment. The problem now lies in prepayment. We first buy out the supplier's goods and then be responsible for the remaining logistics. If the goods cannot be sold on the same day, we can basically sell them at a discount or even deal with due to expiration. After all, we are making fresh food."

"That's why I need to increase investment in cold chains and reduce product losses!" Hu Yizhen said.

"I understand, but the prepayment model has disadvantages for our business."

"We can get goods with lower prices when you can pay prepay. It turns out that we quickly expanded the scope of suppliers, established reputation, and the company can achieve the top three in the industry. They gave me grace in the later period, and it is also because I did a good job in advance in the early stage. The company's reputation is there. Now it's someone else's dumping at a low price, disrupting the market order. To put it bluntly, no one in the fresh food market has the right to price, which is destined that we will definitely not make money in the short term."

"Well, unfair competition." Xiao Jie said.

"Yes! So Mr. Xiao, you want to help me! Help me survive this period!"

"Mr. Hu, the key to the problem is that unfair competition is likely to not only not disappear in the short term, but also in the long term. However, after we get the goods, we cannot sell them in time, resulting in serious damage to the goods. This is the key issue affecting the company's hematopoietic ability."

Hu Yi sighed after hearing this, "Mr. Xiao, I understand what you mean. You are actually still worried about cash flow. When it comes to cash flow, it will be related to advance payment. Prepayment does take risks. However, if we don't give money first, we can hardly get low-priced goods from suppliers. There are no low-priced goods, and the cost will still not be reduced. In this way, even if fresh food is sold, it will be a loss. The more we sell, the more we lose."

What Hu Yi said is true, and this question has no solution.

Xiao Jie also knew that the community group buying business has been played into a vicious cycle at this stage. It is useless to rely on market self-regulation in the face of such problems and must rely on government supervision.

Government supervision will come sooner or later, but if supervision really comes, for companies like Hushi Technology that can no longer reverse the business model, lack the ability to make a hematopoietic chain, and will break without capital transfusion, it will not be a timely help, but will only add insult to injury.

The community group buying track is now a sky-high capital game. According to Xiao Jie's current judgment, this game cannot be played for hundreds of billions or billions. Maybe it will cost more than billions. Such a price is too expensive for the only value left by Hu's Technology.

Finally, Hu Yi got out of Xiao Jie's car and his back was shaking.

Xiao Jie was in an extremely heavy mood. Although he was the president of the Qingyang Branch of Jinquan Investment Group, he was not run by him after all. According to the current situation of Hushi Technology, Xiao Jie had no reason to convince the others of the Jinquan Investment Committee to continue investing in it.

If you continue to spend money regardless of consequences, it is like adding chemotherapy doses to a cancer patient, which may prolong your life, but the hope of this person's physical function returning to a healthy level is very slim.

Xiao Jie unconsciously thought of this metaphor, but he seemed to think that such a metaphor was not very appropriate.

If a person suffers from a terminal illness and needs to be rescued, he will be rescued immediately. Whether it is medication or surgery, it is enough to be saved. The people who can think so are doctors and patients' families, not capitalists.

Xiao Jie is not a doctor, and he does not think he is a capitalist. He is just a helping a bunch of rich people to manage huge amounts of property. Through his professional knowledge and insight, Xiao Jie invests these property in potential companies, and gets rich returns while helping the company grow.

If a company loses this potential, or cannot realize its due potential in a certain context, Xiao Jie can only withstand the pain of withdrawing the market, because the money he invests does not belong to him.

Under Xiao Jie's long-lasting struggle and self-comfort, his car stopped in Baihe Bookstore again without realizing it.

Baihe Bookstore is affiliated to Baihe Co., Ltd., and the actual controller of this company is Hu Yi, coincidentally.

Xiao Jie was willing to invest in Hu's Technology, not only because he was interested in community group buying, but also because he was interested in Hu Yi.

This person has extremely large assets and many businesses. Baihe Co., Ltd. and Hushi Technology are only two of the dozens of companies that Hu Yi directly holds.

What impressed Xiao Jie the most was probably that as an already successful entrepreneur, he wanted to seize the momentum of the times and do his best to start a business, start a business, and start a business again. Even if he lost in the end, he would be in a mess, but he would live up to his life.

If you can ask for money from investors, you will naturally not consider taking out your own pockets. This is the reason why Hu Yi came to Xiao Jie twice.

Xiao Jie also guessed Hu Yi’s inner thoughts. If he plays such a big bet, he will definitely not sacrifice the income of other businesses to fill in the bottomless pit of community group buying. Therefore, from the moment Xiao Jie rejects Hu Yi, Hu’s Technology has no choice but to declare bankruptcy.

But Xiao Jie hopes that it can be opened all the time.

When she walked into the store, Xiao Jie saw the long-haired woman wearing a long skirt. Today, the woman's skirt was gentle and dignified naked pink.

Instead of walking over to say hello, Xiao Jie found a seat by the window and sat down, and ordered a takeaway for himself.

Perhaps because he didn't eat at night, his stomach was so empty that when Xiao Jie finally took his takeaway from outside the door, he saw the long-haired woman sitting in the booth in front of the drink station, preparing to open a lunch box.

The lunch box was pink, and the mist on the lid told Xiao Jie that woman had just heated it in the microwave.

Needless to say, this is a bento made by yourself.
Chapter completed!