Chapter 685 - 289: A Mirror (Part 2)
"I was just about to sleep, what’s up?"
"I was just wondering when you guys are coming to Capital City. I’ll host and treat you both to a meal."
"Huh? I’m afraid I won’t have time; I have to compete, and my wife is due in just over a month. I definitely can’t travel during this period, can we wait?"
"Then I’ll come to see you."
"Please don’t; I really don’t have time lately, and besides, it’s not right to have you, as an elder, travel."
"When Jiang Banxia gives birth, doesn’t she have to go through confinement? Don’t you have to take care of the baby? Will there be a chance to meet this year?"
"Seems like... there really isn’t... maybe next year?"
"This year! Soon!"
"Nope! I’m going to sleep. You should rest too; it’s almost one in the morning, staying up late is bad for your health."
Finally, Jiang Baichuan couldn’t hold back anymore.
"Li Yang, I know your Wanliu Capital doesn’t accept other LPs, but could you make an exception and give me a quota of two hundred billion US Dollars?"
"What, what, what? The signal here is terrible, damn telecommunications; didn’t build a base station in my community... hello... hello..."
Beep beep beep...
Jiang Baichuan shook his head helplessly.
He really shouldn’t have said that, after all, it’s like snatching meat from Wanliu Capital’s plate.
But after these two experiences, he’s really envious.
How can Wanliu Capital make so much money!
He’s never experienced a domestic institution that can earn so much money abroad.
The currently approved QDII fund quota is just one hundred billion US Dollars in total, regardless of whether the foreign market is good or bad, some institutions will always lose money to balance profits. At most, this one hundred billion US Dollar scale would earn one hundred and sixty billion US Dollars. When losses happen, it can lose two to three hundred billion US Dollars a year.
Li Yang managed to recoup all the losses from the past ten years.
He’s planning to discuss with Li Yang again whether the quota could be increased...
...
May 1st morning.
Jiang Banxia was holding her phone, using the calculator within the phone, calculating bit by bit.
Actually, the calculation is quite simple, 650-260=390
This is the money Li Yang earned this time.
Whether it belongs to Extreme Shadow Cars or Kuai Pai, essentially it’s Li Yang’s earnings.
"Not much, not much at all, there’s still a gap of 61 billion US Dollars that can’t be earned back."
Jiang Banxia was actually quite affected.
The scale of funds she manages with Li Yang is essentially about the same.
Three hundred billion US Dollars against three trillion five hundred billion.
At first, she did have a bit more, but with similar usage, her scale only reached four trillion seven hundred billion, while Li Yang’s side has already broken through five trillion.
With less money, break through five trillion faster.
Net growth simply outshines.
He indeed slacked off quite a bit, because of the pregnancy.
But even if she wasn’t pregnant, she couldn’t do much.
With billions in funding, it’s impossible to frequently adjust positions, she can’t handle it solo.
At most, she could play with a small portion of the funds, perhaps earn tens of billions more?
She really wanted to tell others that the money was all earned by Li Yang, not related to her.
But obviously, Li Yang doesn’t need that.
The reputation of making money can only rest on her shoulders. If it’s placed on Li Yang, no matter how Li Yang starts a business or operates, many would think it’s what he should do.
After all, Li Yang is rich.
A glance at the internet shows Wanliu Capital has as many as six trending topics.
No need to spend money to buy them; due to Li Yang, Wanliu Capital has such popularity.
And the orders on the Extreme Shadow Cars app have skyrocketed massively.
Orders from a few months ago have already received their cars and points, waiting for the opening of a new round of quota exchanges.
This time, they sold so many cars.
From last May to this May, the delivered vehicles are about three hundred thousand, and the average price is at least four hundred thousand.
...
During the May Day period, Li Yang didn’t compete because there wasn’t any.
The Intercontinental Competition isn’t over yet.
He was mainly doing one thing, which is repurchasing the shares of Extreme Shadow Cars held by Xin Cheng Capital.
He needs US Dollars.
Xin Cheng Capital originally obtained 40% of Extreme Shadow Cars with two billion US Dollars, and although it was diluted through several rounds, there is still 23% remaining.
Even if it’s all Li Yang’s, it can’t be calculated so simply.
It’s convenient for Li Yang to cash out some US Dollars.
Extreme Shadow Cars had an 80-billion revenue last year; excluding investment income, it actually lost nearly 10 billion, considering car costs were over 70 billion.
Electric vehicle companies have a different valuation compared to traditional combustion engine car companies; the latter’s market share is relatively stable, typically only decreases and is hard to increase.
So giving a twenty times PE is already considered good.
Whereas for electric vehicle companies, you can’t calculate based on PE as everyone is losing money.
Even Tesla is losing money.
Tesla had a revenue of 21.4 billion US Dollars last year, with losses of 970 million US Dollars, and a current valuation of 73 billion US Dollars.
The data from Extreme Shadow Cars is indeed not as good as Tesla’s, but the capital market should at least give a 50 billion US Dollar valuation.
As such, Xin Cheng Capital can cash out over 10 billion US Dollars.
This money will be paid by Wanliu Capital.
Only Wanliu Capital has such strength.
Time unknowingly reached May 6th.
This day the holiday ended; the first day of the new week.
After the A-shares opened, Wanliu Capital was at the limit-up board, with a market value breaking through 1.7 trillion.
On this day, Ning Hao also changed his stock holdings under Zhang Mansheng’s name. He felt free and light.
Reflecting on his experiences, it seems he ultimately went astray.
Shouldn’t have acted independently, should’ve just bought Extreme Shadow Cars, then Wanliu Capital’s investment quota, bought stocks, then regardless of deducting the over two million he spent eating with Li Yang, he should still have over two million in hand.
The right things were not persisted, and once he had money, ambition grew, completely lacking foresight of future risks.
Being clear-headed was useless; there are many clear-headed people in this world, but lacking predictions for the future and a macro perspective.
He never told Li Yang about the club’s impending closure, not worth it.
But there were old friends in the club who used to be teammates with Li Yang, have Li Yang’s WeChat.
Thus, Li Yang learned about this matter that day.
To Li Yang, Ning Hao was like a shadow from his past life, one that was pretty good.
The only difference was being a hundred times more handsome.
But essentially similar, both quite confused about life, even with small bouts of luck, fate can’t be controlled.
For example, being kept by Xue Ning in a previous life, and once successful, he wouldn’t have to strive.
Xue Ning may only be a few years older, pretty, with a good figure, holding over a hundred million, several properties in the county, qualities that couldn’t be found even with a lantern.
But unfortunately, things couldn’t be decided personally; Xue Ning had experienced too much, didn’t trust others.
This lifetime, Li Yang can control his own life, but can’t be complacent. Walking the wrong step may seem minor, but typically after the first step goes wrong, the second, third step...
No amount of fortune can stop continuous wrong moves.
He’s just an ordinary person, apart from a visionary perspective, has nothing but good looks.
He manages companies by providing funds, relying on work systems.
With money, he has confidence, can forbid anyone in the company from making mistakes; mistakes lead to dismissal.
If he didn’t have money, he couldn’t afford the cost of firing executives.
So small mistakes, bear with them if possible.
For example, firing Feng Xinli, according to the non-compete agreement, he has to pay Feng Xinli half his salary within three years, and compensate several months of salary upon dismissal, adding up to at least one billion.
Employees of several companies all know his resolute attitude; faced with generous treatment, they have to carefully weigh the consequences of being caught if they want to slack off.
Invisibly raising the cost of corruption, slackness, idleness.
Reflecting through Ning Hao’s mirror, Li Yang confirmed he can’t leave Jiang Banxia.
For the recent years, he can still make money himself, but in a few years, he’ll have to rely on Jiang Banxia.
This path must not be walked wrongly.
He’s temporarily not managing Ning Hao’s situation; fundamentally, he still owes Ning Hao a favor, will wait for Ning Hao to contact him.
After this incident, he changed an idea.
Moved Wanliu Capital’s headquarters to Jiang City.
After all, now there’s only one department left at the headquarters; other departments were relocated by Jiang Banxia.
So, while there’s time, he went to Capital City.
To settle the matters there first.