Reborn since 1993

Chapter 1352 A Person's Name and the Shadow of a Tree
Li Dongling hung up the phone. He was quite satisfied with Chitu's current performance.

Now, Chitu and An Dian have gained an early advantage. The next step is to expand and maintain that advantage.

However, it would be premature to say that the domestic electric bicycle industry has already been dominated by Chitu.

Chitu can only be said to have sparked a boom in the electric bicycle industry; to say it has taken the lead is far from the truth.

An industry needs time and a process to go from its emergence to its growth stage and then to its maturity stage.

This process may involve chaos, or even bloodshed, and those who laugh first may not necessarily laugh last.

In some industries, the fight for the top spot is so fierce that even a dog's head would break. Take the food delivery and group-buying industry in my past life, for example. The struggle for the top spot led to a massive war involving thousands of groups.

Even though Meituan had already secured its leading position, it didn't stay stable for more than a few years. It then faced competition from the two giants, Alibaba and JD.com, who joined forces to grab market share, causing Meituan's net profit to plummet by 98% in just one quarter. This shows just how brutal the industry is.

In the electric vehicle industry, Tesla was one of the earliest entrants, but it also struggled to keep up with the onslaught of domestic electric vehicle manufacturers.

These two industries demonstrate that becoming the industry leader is not easy, and maintaining that leadership position is even more difficult!

Therefore, it is necessary to win over traditional bicycle brands as allies, otherwise it is very likely that one will find oneself in the predicament of being unable to fight against many opponents.

Chitu aims to relinquish a portion of the mass-market electric bicycle market share and instead capture the mid-to-high-end electric bicycle market.

In China, to be honest, as long as Chitu maintains its advantages and makes the domestic electric bicycle market its base, it can confidently expand into overseas markets, and that will be enough.

Therefore, giving up a portion of the market to allies and other domestic electric bicycle brands is acceptable.

Of course, this is on the premise that these electric bicycle brands must join the electric bicycle industry association established by Chitu, accept the industry rules and technical standards set by Chitu, and then purchase electric bicycle batteries from Kunpeng Power Company.

The principle of "keeping the benefits within the family" applies here. This way, everyone is on the same side, and the profits stay within the family. There's no question of who's losing out. Even if there's a price war, it's still beneficial for domestic users.

But if anyone wants to be a traitor, then don't blame Red Hare for being ruthless.

Price wars are one thing in China, but overseas, instead of trying to profit from the market, they continue to wage price wars.

They even want to move the production of core components overseas and transfer the technology abroad, just to save a little bit of tariffs. They've sold out their entire industry. If we don't deal with these traitors, we'll be waiting for the New Year.

It's acceptable to have assembly operations overseas. It's understandable to source core components from China and then assemble them locally overseas, or to rebrand them under other brands. It's all about ripping people off, so there's nothing shameful about it.

But if we transfer core technologies and equipment overseas and then support overseas industries to compete with domestic counterparts, frankly, that would be too unscrupulous and would truly disregard the well-being of our domestic counterparts.

Once the domestic market is stabilized, Chitu will begin its overseas expansion, and companies like Japanese companies may become Chitu's biggest competitors.

Nikkei has a much deeper reserve of battery technology than Kunpeng Power, in addition to its long-standing technological expertise.

Once it enters the electric bicycle industry, it will definitely compete with Chitu and may become Chitu's biggest overseas competitor!

But as I said before, with the domestic market having a future of over 400 million electric bicycles, Chitu has the confidence to back up its claims.

They have enough funding, time, and energy to compete with those brands in overseas markets.

Li Dongling certainly doesn't want the same setback that the motorcycle industry suffered overseas to happen to electric bicycles.

You can't fall into the same trap twice, can you?
So it's not that Chitu wants to be domineering, but rather that the domestic electric bicycle industry needs a leading figure, and who else but Chitu?!
The future of Chitu is also related to Dongling High-Tech's automotive business, as well as An Dian charging piles, which is an epic pitfall in the transformation of electric vehicle charging piles. No, it's an epic gold mine, so Chitu definitely has to stand up!

……

"Stock code 600679, Shanghai Phoenix, may hit the daily limit!"

"I have inside information that Shanghai Phoenix is ​​very likely to successfully avoid delisting!"

"A company might be collaborating with Phoenix TV in Shanghai!"

Xu Jiangwei used the Tonghuashun software on his Shenzhou A2 computer to keep an eye on the A-share market while also browsing the finance section of Tianya Forum, occasionally posting some comments.

Even now, Xu Jiangwei still occasionally visits the offline branch of Shuchuan Securities to meet with his old colleagues.

However, I'm going to the securities brokerage less and less often now, because trading stocks online using software like Tonghuashun is actually much more convenient than going to the brokerage.

Although stock trading software cannot be used for direct trading, you can make a phone call to entrust a securities company to conduct the transaction.

Furthermore, monitoring the market using stock trading software is much easier than going to a securities brokerage, and it allows you to better seize opportunities, causing retail investors to lose money much faster...

Besides monitoring the market, Xu Jiangwei's favorite thing to do now is read financial news reports on China.com, including news about mainland China, Hong Kong, and US stocks. Although Xu Jiangwei doesn't trade overseas stocks, he still enjoys reading those news reports. In his spare time, he also spends his time posting on the financial section of Tianya Forum.

As the number of internet users in China increases, the finance section of Tianya Forum is becoming increasingly popular, attracting investors from all over the country.

Xu Jiangwei really likes the atmosphere of the Tianya Finance section. Everyone there is talented, speaks well, and there are also experts who occasionally pop up to give their opinions and insights.

To put it bluntly, the Tianya Finance section is now a mixed bag. There are genuine stock market experts as well as shills from securities companies and major A-share market players who frequently spread rumors. You need to judge for yourself whether it's true or false.

As for scammers who ask for money and then try to teach novice investors how to trade stocks, there are even more of them. This is a characteristic of this era: too many people want to get rich, and too few have experienced the tricks of the trade, which naturally gives scammers an opportunity to take advantage of them...

Xu Jiangwei is a seasoned veteran; he won't be easily fooled by those scammers on the forum.

Besides, he is now a staunch supporter of Dongke concept stocks, and he doesn't touch any other stocks except for those related to Dongke.

After all, Dongke concept stocks have become his spiritual belief, and they truly reward him, while other stocks are just pure money-giving. Needless to say, how should Xu Jiangwei choose?

Xu Jiangwei, who was spying on the Tianya Finance forum, suddenly saw another "insider" pop up on the forum, telling everyone that an opportunity to "make a fortune" was coming.

Xu Jiangwei didn't believe the post, and naturally, the people on the forum didn't believe it either. Some people who knew about the situation at Phoenix Company in Shanghai directly retorted in the comments section of the post.

"To avoid delisting, Shanghai Phoenix is ​​resorting to such underhanded tactics, hoping someone will come to its rescue?"

"Let's wait until Phoenix TV in Shanghai gets through this year first!"

Xu Jiangwei smiled as he read the replies to the original posters. This was one of the reasons he liked browsing Tianya Forum. Each user's mouth seemed to be venomous, and their words were like those of mortal enemies. It was pure, unadulterated verbal abuse, without any self-interest, just a desire to verbally destroy the other party. Listening to them made him feel warm all over, and his soul was purified...

However, Xu Jiangwei, still curious, used the human window at the bottom of his Shenzhou computer to switch to Tonghuashun and found the Shanghai Phoenix stock.

This year, Phoenix's stock in Shanghai has been like a roller coaster, plummeting from its peak. The stock price is now around four yuan, falling below its original issue price of six yuan.

Looking at the stagnant Shanghai Phoenix stock price for a long time, Xu Jiangwei couldn't see any sign that Shanghai Phoenix could recover.

According to various stock analysis tools, this stock is currently extremely risky; investing in it could result in significant losses.

Shaking his head, Xu Jiangwei felt that the guy on Tianya Forum might have just been spouting empty talk, hoping that retail investors would rush in to take over and support the Shanghai Phoenix stock.

Returning to Tianya Forum, Xu Jiangwei saw that the person who posted that thread was still being criticized. Just as he was about to close the thread, he saw the person's latest post, which looked rather annoyed.

"The news that Shanghai Phoenix is ​​negotiating a cooperation with a Shandong company is absolutely true!"

However, this reply was not taken seriously, and Xu Jiangwei did not pay it any mind.

But just before the market closed, Xu Jiangwei glanced at the forum and was instantly stunned. He saw that the post had been upvoted more than 500 times!

Meanwhile, a new hot post appeared in the finance section of Tianya Forum: "Shanghai Phoenix has hit the daily limit!"

Upon seeing this post, Xu Jiangwei was stunned. He immediately returned to Tonghuashun and saw that Shanghai Phoenix's stock was firmly locked at the daily limit.

It wasn't until after the market closed that China.com was the first to report the news: "Shanghai Phoenix is ​​seeking cooperation with Qilu Chitu Company!"

"Another Dongke Group concept stock is about to emerge in the A-share market!"

When Xu Jiangwei searched for news about Chitu Company online, a striking headline appeared before him.

This news article revealed the background of Chitu Company. When Xu Jiangwei saw that the company was invested by Dongling High-Tech, he had an urge to regret it so much that he wanted to slap his thigh.

He felt as if he had missed out on another gold mine!
Who would have thought that a long-established bicycle company could be associated with Dongke concept stocks?

Xu Jiangwei could easily imagine how many people would be chasing after Shanghai Phoenix stock after the market opened tomorrow.

This is no longer a question of whether Shanghai Phoenix can keep its listing, but how many new records it can set for consecutive daily price limits!
A mere rumor could cause a stock price to surge to its daily limit. This astonished not only outsiders but also Shanghai Phoenix Company and its major shareholder, Shanghai Light Industry Group.

To stabilize the stock price of Shanghai Phoenix and maintain its listing status, they tried every means possible, but to no avail. Then a piece of news came out, which caused the major players in the A-share market to frantically buy up Shanghai Phoenix shares. Is this reasonable?
But that's the reality. The major players in the A-share market, consisting of securities firms, insurance companies, foundations, and trust companies, don't care about Shanghai Phoenix, and neither do Chitu and its affiliates.

But when you put the two together, you get the name "Dongke concept stock," which they care about a lot!
"Is Chitu going to invest in Shanghai Phoenix Company?"

Chen Guoqing, the head of Phoenix Company, hesitated for a moment when he saw the cooperation plan handed over by Guan Zhenming, who had personally come to Shanghai.

(End of this chapter)