Reborn since 1993

Chapter 1247: Skill is better than skill.
Lu Wenhua still believes that Nasdaq may decline, given that many people in the American market think that the internet sector has already risen too high.

Therefore, Lü Wenhua feels that selling shares in companies like Souxin is also a way to mitigate risks.

However, the idea of ​​Nasdaq completely collapsing and internet companies being wiped out is too horrifying for Lü Wenhua to even contemplate.

Or rather, no one who sees a thriving internet company would imagine that one day it could fall below ankle height, with over 90% of internet companies going bankrupt.

Because this is really terrifying. If Nasdaq really collapses because of the internet, the entire Nasdaq will probably lose trillions of dollars in market value!
Who can afford such a loss?

Furthermore, the internet is seen as a new economic engine in America, and promoting the internet is one of the proudest achievements of the American Democratic Party president and the Democratic Party.

Could they just stand by and watch their achievements be destroyed?
"Extreme prosperity will inevitably lead to its reversal!"

"The future belongs to the internet, but that's the future. The internet industry can't be built overnight; it will definitely experience ups and downs."

The Zhixing Foundation does not intend to completely withdraw from the internet industry, but rather to make a strategic shift, and will re-enter the internet industry when the time is right.

Even now, the sale of stakes in internet companies like Yahoo, Sohu, ASK, and GeoCities is still a way to acquire shares in internet companies like Google.

The Zhixing Foundation's sale of shares in companies like Souxin cannot be called a withdrawal; it's more of a strategic shift. They will continue to invest in new internet companies in America.

After all, with such a fertile ground for exploiting new investors—no, with so many internet giants—wouldn't it be a shame to miss out?

In the short term, however, the Zhixing Foundation wants to cash out its investment and make back the money it invested in Silicon Valley in the past few years, with interest!
Hearing Li Dongling's words, Lü Wenhua felt relieved. Li Dongling's words made him think that there would be setbacks in Nasdaq and the Internet industry, so Zhixing Foundation wanted to secure its profits. However, he never expected that the setbacks Li Dongling mentioned would be so significant!

After hanging up the phone, Li Dongling tapped his fingers lightly on the table.

The cashing out by the Zhixing Foundation is just the beginning. At the Dongling High-Tech year-end meeting this year, the philanthropist Li plans to gradually reduce his holdings in companies such as Feiyan Technology and Digital Port, or sell his shares to certain interested parties through transactions.

The last penny is hard to earn. Everyone knows that cashing out at the highest point is the most profitable, but the risk is also too great. In fact, retail investors might even blame those who cashed out for the stock market crash!

In order to avoid being blamed and to avoid being resented by retail investors, Li the philanthropist plans to slowly boil the frog in water, starting this year and continuing until the end of next year, cashing out all his internet stocks in a gradual, ant-like manner.

They withdrew before the internet crashed, or even distributed a dividend, to show their sincerity to the investors.

In this way, even if the stock price crashes, it won't be Li the philanthropist's fault. In fact, even when the stock price completely collapses and falls to rock bottom, he can still launch a stock buyback and drive up the stock price several times. Wouldn't that move the retail investors to tears? The name of the philanthropist is not just for show.
……

When Mr. Wang, the owner of BYD, arrived at the headquarters of Pingyang Dongling High-Tech, he happened to see a small Dongfang Express van, which was sturdily covered by a tarpaulin, drive into the backyard of Dongling High-Tech's technology department. Under the supervision of security personnel, he unloaded the goods from the van.

The entire process was completely obscured, and Mr. Wang, who was standing outside, couldn't see what the product was. However, seeing this method of delivery aroused his curiosity.

Mr. Wang hasn't been to the Dongling Hi-Tech headquarters very often. In recent years, he has mainly come here with other Dongling Hi-Tech component supply chain companies during the Dongling Hi-Tech annual meeting.

To be honest, Dongling Hi-Tech, a major investor, is the company that BYD has had the easiest time getting along with in recent years.

Dongling Hi-Tech's requirements for suppliers are not about how well they flatter or how well they maintain relationships before placing orders.

For Dongling Hi-Tech, the most important thing about suppliers is that the products must be qualified and the production volume can be met on time; everything else is secondary.

As for order settlement, Dongling High-Tech is a major client with the shortest order settlement cycle and has never been late in paying customers, including BYD and other foreign companies such as Dell overseas.

"Mr. Wang!"

Upon entering a meeting room, Mr. Wang was greeted by a man extending his hand to him.

Upon seeing the man, Boss Wang immediately smiled and said, "Manager Guan, it's been a long time!"

The man who reached out to Boss Wang was none other than Guan Zhenming, who had previously served as the General Manager of the Marketing Department of Dongling High-Tech's Guangdong branch and was known as the "God of Wealth" in Guangdong's electronics industry.

Anyone who has ever worked in the electronics industry in Guangdong Province knows the name Guan Zhenming. A few years ago, there was a saying circulating in the Guangdong electronics industry: any electronics dealer who got involved with Guan Zhenming would have their net worth increase three to five times in a year; otherwise, they were considered a failure.

Because all the products Dongling Hi-Tech distributes in Guangdong Province have to go through Guan Zhenming's hands, from electronic pet machines to PHS phones and Hasee computers, they are basically in short supply.

Whoever could get an extra batch of goods from Guan Zhenming could make a lot of money, which is why the electronics industry in Guangdong Province used to be so eager to acquire Guan Zhenming.

Although BYD's batteries are not directly sold to users, since they are both located in Guangdong Province, Mr. Wang and Guan Zhenming inevitably have dealings with each other and can be considered acquaintances.

Mr. Wang knew that Guan Zhenming had been transferred from the position of General Manager of the Marketing Department of Dongling High-Tech's Guangdong Provincial Company to the General Manager of Chitu Electric Bicycle Company, which was established by Dongling High-Tech. Mr. Wang had also heard many rumors about Guan Zhenming's transfer from Guangdong Province to Shandong Province. Some rumors suggested that Guan Zhenming had been given an important position and was being allowed to start his own business and become a regional leader.

However, some voices suggest that Guan Zhenming was affected by the internal strife at Dongling Hi-Tech. The veterans and professional managers at Dongling Hi-Tech were fighting for control of Dongling Hi-Tech's Guangdong branch, which led to the transfer of Guan Zhenming, a trusted lieutenant of Zhang Ao, the head of Dongling Hi-Tech's marketing department.

All sorts of rumors were detailed and convincing, and each had its own explanation. Even within the Dongke Group, Boss Wang had heard many of these rumors.

Looking at Guan Zhenming, Boss Wang noticed that Guan Zhenming looked quite well and didn't have the dejected feeling one would expect from someone who had been sidelined and lost their fighting spirit.

"It's been a long time! I never expected to meet Boss Wang in Pingyang!"

When Guan Zhenming saw Boss Wang, he couldn't help but think of his days in Guangdong Province. Those rumors were just rumors to others, but to Guan Zhenming, they reflected his true situation.

From being a benefactor in Guangdong's electronics industry to being transferred to Shandong Province to take over Chitu Electric Bicycle Company, Guan Zhenming has remained virtually unknown.

If things had followed the original trajectory, he would have had the opportunity to take over the lucrative position of general manager of Dongling High-Tech's Guangdong branch. However, after leaving Guangdong, everything fell through, and those who had once praised him naturally kept their distance from him.

"This is Lao Ji, the president of Kunpeng Power Company!"

After exchanging pleasantries with Boss Wang, Guan Zhenming introduced Ji Youren, who had come to Pingyang with him.

It seems that fate has its own plan, or perhaps it's just a matter of fate bringing enemies together. In any case, if two people are destined to be mortal enemies, they will create a scene of magnetic field or aura incompatibility the moment they see each other.

This was the first time Boss Wang and Ji Youren had met. Both of them were refined and had the unique temperament of a scholar-technician. However, upon seeing each other, they felt a strange sensation. They didn't dislike each other, but neither of them could bring themselves to like the other.

"Professor Wang, I've long admired your name!"

Ji Youren, unusually, brought up another aspect of Boss Wang's identity.

Mr. Wang has a professorship. In his previous life, the outside world may have focused more on his net worth, but he was actually a typical scholar-technological founder and an absolute academic superstar.

At the age of 26, Mr. Wang was promoted to associate professor at the Yanjing Nonferrous Metals Research Institute, a position with a government-appointed career path, and he would also supervise some graduate students.

After establishing BYD, few people mentioned Mr. Wang's previous identity. Unexpectedly, it was brought up by Ji Youren today.

"Old Ji is a professor at Qilu University. Like you, President Wang, he's a cultured person. We'll definitely get along well!" Guan Zhenming introduced the two.

"Nice to meet you!" said Mr. Wang.

"BYD is the largest battery manufacturer in China and a role model for Kunpeng Power. Professor Wang should give us more guidance in the future!"

"I dare not accept such praise; it is merely a hollow reputation!"

After this series of tests, the two seemed to have become familiar with each other, but in reality, only the two of them knew what they were really thinking.

Both are in the Dongling High-Tech camp and both make batteries, although they are not related. One makes batteries for mobile phones and computers, and the other makes batteries for electric bicycles.

But who dares to say that BYD and Kunpeng Power will not enter each other's territory in the future, and that the two companies are destined to be competitors!
"Boss Wang, after we finish dealing with things here, let's all have a drink together, until we're all drunk!"

Li Dashanren's chief assistant, Shen Xingyao, came to inform Guan Zhenming and the other man. Before leaving, Guan Zhenming said to Boss Wang.

Ji Youren and Boss Wang exchanged a glance, nodded to each other, and then passed each other. However, after the other left, they both frowned in unison.

……

In the backyard of the Dongling High-Tech Department, a vehicle whose exterior resembles a bicycle stands quietly.

When Guan Zhenming and Ji Youren arrived, Li Dongling, Ren Yuefeng, Hu Zixian, Zhang Ao, Wei Taining and others were already in the backyard, all looking at the car in front of them.

When Li Dongling saw the electric bicycle in front of him, it looked somewhat similar to a regular bicycle, like an enlarged version. It was a bit bulky, but it didn't have pedals, and there was no frame on the front of the bicycle. Instead, there was a large headlight. It had some "similarities" to the earliest Mio model from Yadea's previous life.

It can't compare to the trendiness and fashion of electric bicycles in later generations, but even now, it can be considered trendy, at least compared to bicycles.

(End of this chapter)