Reborn with Consumption System

Of course, seeking survival between the cracks of BAT, one can only take a different path.

However, having limited prospects due to this is also unavoidable.

Moreover, God Lie, you may not have noticed, but there’s actually a very high policy risk lurking in that product Duanzi, far higher than any other internet product we know.

Skirting the edge with adult content, that’s human nature, nothing much to say, various internet products have similar issues.

Duanzi, because of its core product tone, appears particularly severe, and there’s no way to control it.

And the bigger problem is—there’s too much hostility online now, netizens always aim their jokes at the government and its policies, most of the time deliberately distorting or pretending to understand and criticize, plus various opinion leaders and agitators muddying the waters; this trend is concerning.

My personal judgment is, this product has a huge inherent flaw and may not survive for long.

If it doesn’t become popular, it can entertain its niche safely, but if it really becomes popular, it loses its buffer and dies faster the more popular it gets.

Therefore, even though Zhang Yiming’s two products have shown good daily activity data, Byte’s valuation hasn’t risen, which actually has underlying reasons.

Yunfeng wouldn’t invest in Byte, not getting involved in rounds B or C.

However, Shen Nanpeng and Lei Jun are quite interested, it’s no secret that Mr. Lei likes investing in media to facilitate Xiaomi’s marketing; Mr. Shen highly regards Zhang Yiming, and Sequoia always charges to the front line of ABC rounds, they must have made up their minds.

The remaining top investment institutions are basically not very interested in Byte.

For example, IDG, Matrix Partners, ZhenFund, Tencent and Alibaba’s investment departments, etc., none currently have a strong impulse to invest in Byte, and it’s unlikely that Mr. Zhang himself would accept investments from big companies.

God Lie, if you’re interested in Byte, I can help connect you.

Yunfeng’s investment department head is very familiar with Mr. Zhang Yiming, squeezing you in wouldn’t be a problem.

Of course, I still think financial services and online education have better growth potential and higher safety margins, there are also several quality enterprises among Yunfeng’s eliminated projects..."

The view is good, but I don’t want what you think, I want what I think!

Han Lie discreetly shook his head, almost rolling his eyes.

The two major pitfalls of the future, one is the internet financial services industry represented by P2P, the other is extracurricular education led by New Oriental, are both relentless guillotines.

With one chop, even Nezha would lose his head.

The son of a top investor, and this is it?

Well, can’t blame Yu Ping’an, he’s just an elite second-generation, not a god or monster, his performance is actually quite good.

A real blowhard, like the square face, is still blissfully immersed in CT bonds!

Acting Emperor Lie appeared open to persuasion and prudently accepted Yu Ping’an’s kindness.

"Alright, I’ll take a closer look, choose a few more projects, and then consult an expert from your family... how about I arrange a dinner tonight, and you bring your team members to chat?"

Han Lie was indeed getting a bit anxious.

Byte’s round B financing is already in negotiation, it’s hard to say exactly when it can be settled, anyway, there’s not much time left for him.

The sooner he gets involved, the higher the possibility of gaining initiative.

"Sure!"

Yu Ping’an was also happy to have more interaction and communication with Han Lie, but he knew his limits, checked the time, and sensibly took leave.

"Then I won’t disturb God Lie’s work, we’ll talk in detail in the evening."

After seeing Yu Ping’an off, Han Lie finally couldn’t hold back, clenched his fist hard.

This is different from making money in the market, Big A is right there, whenever you have the ability, you can withdraw at any time.

But Byte’s financing is different, Han Lie’s foundation is in Magic Capital, really out of reach.

This time, it’s picking up a huge opportunity!

After pacing around the office a few times to relax, Han Lie immediately got to work.

Arriving at the quant department, without any small talk, he directly started working on strategies.

The specific process is both simple and tedious, roughly building an overall framework with different conditions, including stock selection, purchase conditions, selling conditions, fuzzy judgment, error correction mechanisms, and more.

Ultimately, achieving machine buying and selling, with a win rate of over 60%.

60% of operations make money, 40% lose money, it sounds simple, but in fact, no company in the industry could achieve it until 2018.

Theoretically, if quant trading can reach a 55% win rate, with appropriate take-profit and stop-loss, in the case of sufficient capital, this strategy can win steadily in the long term.

The essence of quant trading is the long-term certainty covered by a large number of trades.

However, the "certainty" itself is a fallacy in the stock market; complete certainty never exists in the market.

So, you need to use large capital, long-term trading, to cover all surprises from a probabilistic perspective.

Can’t cover them?

That’s inevitable, because external influences always exist, and these influences can neither be predicted nor quantified, can only be passively responded to based on developed K-line patterns.

This part should be classified as the response mechanism of fuzzy judgment, which is the true core of a quant strategy.

If not done well, those mechanical external logics can’t even outperform the market.

For instance, the "First Board Strategy" being written by Han Lie, is used by too many people.

Buy condition: The first limit-up within 30 trading days, opens after being locked at the limit-up on the same day, if the stock price holds firm and re-zones to limit-up for the second time within the day, can be bought before the limit-up.