Double week figure (2022.6.1—2022.6.15)

Musk's acquisition of Twitter Regeneration twists and turns

On June 7, some foreign media reported that due to the uncertainty of the transaction, the new financing made by Tesla CEO Elon Musk for the acquisition of Twitter had been temporarily put on hold.

A source said that Musk had previously negotiated with Apollo Global Management, which was negotiated with a private equity investment company headed by Apollo Global Management, hoping to get a pre -financing of 2 billion to 3 billion US dollars, thereby further reducing his cash capital. However These conversations will be temporarily put on hold. Cash capital contribution is also a problem of Musk. Although Musk has a net worth of more than $ 21 billion, its funds are limited because its wealth is mainly linked to Tesla's stock.

Since Musk's first proposal to purchase Twitter for $ 44 billion in cash in April, the transaction has experienced several reversal. In early May, he stated that the transaction was temporarily put on hold and needed more details to prove that Twitter's "spam or false account" was less than 5%. In June, Musk issued a threat of "abandonment of acquisitions", accusing Twitter of violation of the M & A agreement, and did not provide the spam and false account data he requested. A lawyer on behalf of Musk said: "This violates the obligation of Twitter under the merger agreement. Musk reserves the ownership of it, including his right to complete the transaction and the right to terminate the consolidated agreement."

Some analysts pointed out that this may be a buyer strategy to put pressure on Twitter to obtain a lower negotiating price than $ 44 billion. At the end of May, Twitter shareholders had submitted a collective lawsuit to the court, accusing Musk accusing Musk's use of positive and chaotic acquisitions to manipulate the stock price, resulting in a fierce fluctuation of Twitter's stock price.

Zhou Guihua is the chairman of the Beijing Stock Exchange

On the evening of June 7, the National Stock Transfer Company and the Beijing Stock Exchange released news that recently, according to the decision of the Party Committee of the China Securities Regulatory Commission and fulfilling the relevant procedures, Zhou Guihua appointed as the party committee secretary and chairman of the national small and medium -sized enterprise shares transfer system. Chairman of the Beijing Stock Exchange. "Zhou Guihua is low -key and pragmatic, and is rigorous in doing things." If a regulator familiar with Zhou Guihua commented, Zhou Guihua quickly found the key in a miscellaneous situation. It was reasonable, professional, and willing The development of the Bei Stock Exchange market is familiar with market conditions and rich regulatory experience.

He Xiaopeng talked about "Chinese electric vehicles leading the world"

Recently, Xiaopeng Automobile CEO He Xiaopeng forwarded Musk's view of Musk's "China's electric vehicle field is in the world's leading position", and said that China is just at the forefront of the world in the field of electric vehicles. To be ahead of the world, in addition Leading in technology and products, more importantly, it takes at least 10 years of effort to lead and win a win -win situation in the global market. "Ten years ago, we also had similar perception on the mobile Internet, but once the real science and technology war began, China's global leadership on the mobile Internet is not enough."

Dong Mingzhu insisted not to lay off layout

On June 7, Gree Electric held a 2021 shareholders' meeting. Chairman and president Dong Mingzhu once again stated that Gree did not lay off layoffs. She said that Gree insists on not layoffs and will recruit 3,000 to 5,000 university graduates this year to help college graduates employment. Earlier, on May 26, Dong Mingzhu said in public appearance that many companies have been under great pressure recently, and the phenomenon of layoffs has occurred frequently. Gree promised employees that he would never lay off for any difficulties. If it must be very difficult, it is better to reduce the salary without layoffs.

(This article published in "China Economic Weekly", No. 11, 2022)

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The cover of the 11th issue of "China Economic Weekly" in 2022

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