2020-08-13

The man behind OV and Pinduoduo commented that China’s concept stocks were shorted:China is very large, and it is possible to grow faster

By yqqlm yqqlm

The chairman of BBK Group, known as the”man behind the scenes” of OPPO, vivo, and PinduoduoDuan Yongping expressed his views on the short selling of China’s stocks on his personal social account on August 11.”After I asked my colleagues to investigate, I came to the conclusion that GSX’s growth’doesn’t see anything that is obviously illogical in this environment’.”

Duan Yongping said,”I don’t understand at all. This company, what I want to say here is:It’s best not to be short! There are so many things in this world that you don’t understand, why can’t you get through with yourself?”

The reporter from Nandu learned that Duan Yongping retreated behind the scenes. For many years, he has rarely appeared in front of the stage. This time, he rarely spoke about the frequent short selling of China’s concept stocks, which caused widespread concern from the outside world.

getInterUrl?uicrIvZQ=bee9faff20cba5554c603d7f60b1f322 - The man behind OV and Pinduoduo commented that China's concept stocks were shorted:China is very large, and it is possible to grow faster

It is understood that from February of this year to the present, China Concept Stock GSX encountered muddy water, Grizzlies, Citron, Scorpio Ventures and other 4 companies that took turns shorting in half a year. 12 times. On August 8, Citron said on its official Twitter after the fourth short GSX,”Our children like TikTok, we own Alibaba stock, but GSX is still a stock fraud. Use This opportunity is to establish a short position. We have full confidence in the auditors/regulators. Looking at the trend of Wirecard (German payment giant company that has filed for bankruptcy), you will know that short selling is not easy, but it is also not easy to maintain a fraudulent financial situation. .”

Since April, GSX has posted four public responses to the short report on its official website. The founder, chairman and CEO of GSXChen Xiangdong has also repeatedly expressed his views on being short-selling on his personal social media accounts:Whoxue’s business focuses on online live broadcast of large classes, and its operating cash flow continues to be positive. At present, the number of people studying regular courses in the same period in spring is close to 1.2 million. The simplest survey method is to sample interviews with nearly 1.2 million students in the same period.”

getInterUrl?uicrIvZQ=fadd847d914f500e869172d6ace9e2f8 - The man behind OV and Pinduoduo commented that China's concept stocks were shorted:China is very large, and it is possible to grow faster

After GSX was shorted 12 times, on August 11, Duan Yongping stated on his personal social account that a neighbor who specialized in short business told him that GSX grew too fast”It must be a fake account.”

Duan Yongping let his colleagues at Education Electronics understand the situation and came to the conclusion that GSX’s growth”can not see any obvious illogicalities in this environment.” So Duan Yongping told his neighbors,”China is very big, and this growth rate of turnover is actually not impossible.”

It is understood that Duan Yongping is known as”the man behind BBK, OPPO, vivo, and Pinduoduo”. When he resigned from Xiaobawang to start BBK in 1994, the six colleagues of Xiaobawang who took away included Jin Zhijiang, the current CEO of BBK Electronics, and the founder of OPPOChen Mingyong, vivo founder Shen Wei.

In 2006, Duan Yongping took the opportunity to have lunch with Buffett for a price of US$6.2 billion. The other fellow he brought along was Huang Zheng, the founder of Pinduoduo, and Duan Yongping was also one of the earliest investors in Pinduoduo.

In September 2019, Duan Yongping said when answering questions from netizens in Xueqiu that he had never remotely controlled OPPO and vivo. He and Huang Zheng It’s not appropriate to use his disciple’s statement,”Dadao has never remotely controlled OPPO and vivo. Dadao’s understanding of the company’s situation is the same as everyone’s, and it’s basically seen through the Internet. The only difference I can call to verify what I see online. This situation may happen once every two or three years. Huang Zheng and I are indeed very close friends. He did often chat together when he was working at Google. But I always feel that the disciple’s statement is inappropriate.”

getInterUrl?uicrIvZQ=f72f1bee1a25227b245351d15632787e - The man behind OV and Pinduoduo commented that China's concept stocks were shorted:China is very large, and it is possible to grow faster

Written by:Southern Metropolis reporter Wang Chenchen