this man is not calm

Chapter 428 A Thousand Miles Away
The dock work was tiring and boring. Jin Shang and his group did not see the end. After the sun set, they followed the "Water Bird" yacht along the waterway to the city center.

The setting sun hanging on the distant mountain top spreads its light on the river surface, making people truly appreciate the beautiful scenery of "half of the river is green and half of the river is red".

"Today is the 22nd day of the ninth lunar month, not the 3rd day of the ninth lunar month. I can't wait until night to see 'dew like pearls and the moon like a bow'. However, it's worth the trip now."

Hong Renquan and Wei Shuangping looked at each other in silence. Bian Luming smiled and nodded slightly, but didn't say much.

Perhaps only a rich kid like Jin Shang, who is free from the constraints of food, clothing, housing, transportation, firewood, rice, oil and salt, would be moved by the natural scenery before his eyes.

If Bai Juyi was an old farmer who struggled for three meals a day and bent over for a few bowls of rice, he probably would not be able to experience such leisurely mood, let alone write the masterpiece "Song of the Dusk River".

There was no response to his words, and Jin Shang didn't care.

Going on a yacht requires the right people, the right time and the right occasion to have fun. We are all colleagues, and Jin Shang doesn't like complicated workplace routines. Now that it's almost time to get off work, there's no need to engage in flattery between superiors and subordinates.

"It would be nice if I had a guitar. Facing the river breeze, I could play and sing a song. Wouldn't that be very romantic?"

"Guitar? Yes, there is one. There are some things prepared in advance in the private locker on the upper deck. I checked it out and there is a guitar in it! However, it is rare to see the word "romance" come out of the mouth of the young master."

Jin Shang himself, in fact, does not really like those fancy things. Most of these things are promotional tricks for commercial purposes. If he does not really like them, he will not buy into them.

But, if you suddenly feel like it, it’s not a bad idea.

He asked the waiter to bring the guitar over and Jin Shang took a look at it.

"Wow, it's still high-end stuff."

It’s hard to say whether it’s good or not, but the price is really expensive.

No matter who prepared it, use it first.

At this time, let’s sing a song that suits the occasion, “Sunset Song”. It’s not difficult to play and sing, and the emphasis is on deep emotions.

A few minutes later, the song ended and the onlookers applauded in admiration.

"Is it a new work? I haven't heard of it before..."

Wei Shuangping, who occasionally paid attention to fashion, asked, and Jin Shang replied:

"It has been recorded a long time ago. When the album will be released depends on Zhang Qian's arrangements."

"According to Mr. Jin's level, with such high productivity and good quality, he can accumulate tens of billions of wealth in his lifetime as a professional singer or songwriter."

As the entertainment industry's market grows bigger and bigger, the influence of big stars is increasing day by day. Especially with the advent of the Internet era, the traffic blessing of top artists is really terrifying.

However, it is still hard to say whether the achievement of 10 billion can be achieved. It is foreseeable that after working for half a lifetime, one will far surpass the "900 million sister".

To be honest, it is hard to say whether it is a good thing for a singer and artist to earn tens of billions.

It is hard to give up good fortune. Even if you don't have any extraordinary abilities, having too much money can easily lead to trouble.

"It's better to go for the real economy. I think Jinxi Mall is quite suitable. It's just that it's too strong and too big now, which makes it a little difficult to deal with. But... after this awkward period, it will be fine."

After a few indirect compliments, Jin Shang stopped talking. Wei Shuangping shook her head modestly and said:

"E-commerce platforms are developing very fast. As long as you are willing to spend money, you can quickly expand to a large scale. However, whether you can persist until the day of profitability is still quite delicate. Jinxi Mall is already the strongest, and we are not completely sure of it. Let alone the others."

After a pause, Wei Shuangping seemed to suddenly remember something and asked curiously:

"I see that the funds deposited on the company's platform are increasing as the transaction volume rapidly expands. According to Mr. Jin's suggestion, a portion of the surplus funds will be transferred to private equity funds and trust accounts in the form of financial management. Is this a deviation? Will the future development direction be based on financial investment as the main business?"

Outsiders don’t understand that as the actual helmsman of Jinxi Mall, Wei Shuangping has already glimpsed a glimpse of the secrets of future development from Jin Shang’s operations.

These advance payments and accounts payable of three to six months were deposited into the fund pool in the form of cash flow, dispersed across the Jinxi mall platform and Jinxi payment account, and then transferred to the escrow account in the form of related transactions, under the command of Jin Shang. A lot of money was made in the past year or so.

It can be foreseen that these funds that can be temporarily allocated can be used to make money, and can even be used to increase leverage when appropriate.

For example, Jinyi Pay has nearly 800 million yuan of stable financial products. These financial assets can be mortgaged to banks or financial institutions for loans, and then repeatedly mortgaged after cashing out.

Although this method of play cannot be excessive, as long as the number of cycles is not too few and the leverage is not too high, it can still be turned around.

A certain Internet finance giant in the past did the same thing, but that was Internet micro-loans, which had little technical content and also had considerable systemic risks.

Why there are no such things as Microsoft Micro Loan, Apple Micro Loan, Google Micro Loan or Facebook Micro Loan on the other side of the ocean? To put it bluntly, it is because the risk control of the financial regulatory system is different. Under the mainstream rule of personal bankruptcy system, the risk of Internet micro loans is shared by customers and financial companies. Once there is a default, there is no unlimited right of prosecution.

Let alone Internet finance, even serious financial giants can't bear such risks. Let's understand why the subprime mortgage crisis "burned the camp" and dragged down century-old giants one by one, while a certain Dongda on this side of the ocean has never had a case of large-scale default by customers, leading to the bankruptcy of financial giants. In this life, the motherland's financial management system is actually closer to a lighthouse. Personal bankruptcy does not mean "one bankruptcy and it's all over." The severity of forced default is not so light as to sprinkle water, nor is it so serious that you have to sell your house and car and sell everything you have to pay off your debts.

The more formal it is, the less Jin Shang dares to follow the example of P2P online micro-loans he had played in his previous life. If he is not careful, he will really stir up a big trouble of "systemic risk", which will be disastrous.

Therefore, they can only use the methods of "encircling Wei to save Zhao" and "substituting Li for Tao Jiang" to play the game of grafting and use third-party asset management systems to increase leverage and magnify returns.

Wei Shuangping's doubt is whether Jin Shang thinks that e-commerce cannot be successful on its own and needs to be supplemented by online finance in order to be stable.

In other words, they are simply selling dog meat under the guise of mutton, creating a super large capital pool in the name of e-commerce and using financial operations to achieve a profitable business model.

"E-commerce is definitely promising. Third-party payment, or Internet finance, is an important auxiliary tool for online shopping. It can also be a new route that exists independently, and can even become a key link between online and offline. Do you still remember the cinema ticket vending machine promoted by our company? Although it is currently issued in the form of phone bills, Jinxi coins, vouchers, and coupons, once the QR code and barcode scanner are mature and the distributed P2P security mechanism on the service side is sound, this business model can be expanded from online to offline. Can you imagine... a cashless society where the auntie at the vegetable market collects money and shows the payment code, or takes out a barcode scanner, and customers can complete quick payment with just a mobile terminal device?"

"Isn't this... a scene from comics and sci-fi future stories?"

"Do you think that's all made up?"

Jin Shang raised his head confidently, looked at the increasingly prosperous streets on both sides of the river, and said leisurely,
"Those are all stereotypes that have been implanted in the minds of young people in advance. One of the company's important future strategies is to turn fantasy into reality."

Such crazy remarks made several people present silent. Although they did not quite believe it, they were more or less infected by Jin Shang's emotions.

It is not surprising that young people, full of vigor and vitality, have some crazy ideas.

"This year, the financial investment revenue of Jinxi Mall only accounts for 2% of the total revenue, but the net profit exceeds %. With basically no leverage, the gross profit is twice that of the e-commerce PC business. Did we control the price too low?"

"We need to find a balance between profits and total revenue, and first expand the scale, seize market share, and make the capital pool more abundant. 'The wool comes from the pig, and the dog pays the bill'. This misaligned competition model is the biggest linkage advantage between the various business segments of Jinxi Culture. There is no such thing as commercial competition, price war, channel squeeze, customer prying, tire puncture, official seal grabbing, and watering the fortune tree. Our style is to rush in, bully the few with the majority, and rely on the strong to bully the weak. It would be great to let our competitors experience the advantages of a closed loop of the entire ecological chain..."

It’s like a data center that has already been put into use. If other major Internet companies want to build one, let’s not talk about whether you have the qualifications or can increase utilization and reduce costs. Do you have a cheap and stable power supply, or an endless supply of ecological recycled water?
In case the city power grid is short of energy supply and needs to reduce the load, the first target of power outages will be large energy users like you who are not very important but consume a huge amount of energy. They will ask you to reduce the load during peak hours and work at full capacity late at night. What can you do?
This is not the era of ten years later, when megawatt-level factories can be seen everywhere and the power supply industry is not so tight. In the late 1990s, when using electrical appliances such as refrigerators, air conditioners, and televisions, they had to connect voltage stabilizers to minimize grid load fluctuations. If you were not careful, power outages and data loss would be the least of your worries. Damage to key components of server racks would be heartbreaking.

There is a famous joke in the IT industry that the configuration of the super-intelligent computer Red Queen, the villain who destroyed the world in the early apocalyptic disaster movie "Resident Evil", is not as good as that of a low-end home computer 20 years later.

It can be seen that artistic imagination is still too scarce, and reality is obviously more magical.

Similarly, the difficulty of building a megawatt-level data center for Jinxi Culture at the end of 1997 was completely different from that ten years later. Why was the investment so huge and so many sub-projects added to dilute the investment? To put it bluntly, it was forced by reality.

It took almost all the resources that could be mobilized to successfully grasp this strategic focus. If other peers want to copy it, the same routine will no longer work, unless they come up with a new trick, or wait for the infrastructure to be upgraded to a higher level, so that the difficulty will be greatly reduced, before they can move forward.

But who knows how many years we have to wait?
In the rapidly changing IT Internet industry, life or death is decided in three months. After two or three years, you can't even keep up with the heat of the moment.

While chatting and laughing, Wei Shuangping's doubts were dispelled in a few words, and Jin Shang also breathed a sigh of relief.

Regarding e-commerce platforms, whether it is model innovation plus capital operation, or a real industrial route, there will be differences of opinion not only now but also in the future.

What the founder Jin Shang meant is definitely to walk on two legs. Simply relying on buying low and selling high to make a profit cannot bring out the true value of the e-commerce platform. How to monetize traffic and use financial means to preserve and increase value and share risks are also top priorities.

Before the sun completely set, after handing the boat over to the yacht marina, the company sent a car to take everyone back to rest, while Jin Shang went to the company to pick up Li Xuan to go home together.

As we enter the fourth quarter, the company has become increasingly busy, especially the offline lifestyle sector. Some of the companies that have prepared in advance have already started preparing for the New Year holidays.
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Three days later, it was another Sunday. Jin Shang was in a large stadium in Yuzhou, thousands of kilometers away. In the VIP box, he watched the visiting Beijing Northern United Football Team score the third goal. With less than ten minutes left in the game, they were leading by two goals and victory was almost certain.

If the score ends with this, the visiting team will successfully avoid relegation two rounds in advance. As for the home team, they have long been in a state of no worries about relegation and no hope of winning the championship. Their hopes of entering the Asian Club Cup and Asian Champions Cup are also very slim. They have no desire or ambition, so naturally there is no motivation to fight hard to win.

Seeing that the basic outcome had been decided, Jin Shang applauded happily. The manager of the home team, the head of a large local enterprise and sponsor, and the regional investment promotion director who were watching the game with him were also talking calmly.

This season is basically over. The league record of Beijing Northern United Football Team is basically satisfactory. They made a strong effort in the second half and managed to stay in the league. They can easily deal with the remaining two games. They had good luck in the FA Cup, reaching the semi-finals and winning the dark horse award.

The old strong teams will definitely not be satisfied with this result, but for the newly promoted team with weak strength, it is already pretty good. By the end of the year, they can eliminate the old and weak, introduce strong reinforcements, promote youth training, complete the upgrade, strive for better results next year, and look forward to the qualification for the AFC Champions League.

"After all, this is a Beijing team with a profound heritage. As soon as they returned to the top league, they showed an extraordinary mental state."

"Manager Ma, you are overpraising me. There is still a lot of room for improvement."

"It's pretty good. The old and the young are combined into a whole and they can show their strong strength. The coach is quite capable. No wonder they can break through the siege in the lower leagues. The reputation is well-deserved. I heard that Coach Zhang was spotted by the National Youth Team and will soon be a national coach."

"The home team you sponsor is pretty good too."

"The motivation is insufficient. After all, we are not as rich as the economically developed cities in the southeastern coastal areas. It is difficult to buy strong foreign aid. We strive for the championship every year, but every year we start well but end badly. In the later period, we become a free-scoring boy."

Hearing this, Jin Shang sneered inwardly.

This is not just a football game, but also about human relationships. No wonder the home team has been doing so well in recent years. Although they don't have any honors to show off, they are rarely schemed against by others.

This time, Jin Shang came from afar to watch the crucial relegation battle. His main purpose was not to supervise the battle or anything, but to discuss strategic cooperation with a large local company called Panda Technology at an invitation.

(End of this chapter)