Reborn: Billionaire in College

Just when Jiuzhou S1 began to initially explode on the Internet.

The car owner, Jiang Hong, who lives in Shenzhen, has prepared everything and plans to start his round-the-world trip.

Jiang Hong, a company executive, is 38 years old and unmarried, making him a legitimate single elite.

After picking up the car a few days ago, Jiang Hong suddenly had the urge to go on a long journey. He had worked so hard for so many years and had not dared to relax for a moment. He was exhausted both physically and mentally.

Without much thought, Jiang Hong immediately applied for resignation from the company.

After a simple handover, he left smoothly thanks to the deep relationships he had built up over the years.

Starting from the next day, Jiang Hong started large-scale purchasing.

Everything you might need on a global self-driving tour has to be bought, from medicines to equipment for extreme environments.

In addition, you need to prepare a series of documents, insurance, route planning, etc.

In a hurry, Jiang Hong left Shenzhen and hit the road.

In order to record this journey so that he can reuse it when he is old, Jiang Hong installed several cameras in the car and planned to edit the videos and post them on Douyin in his spare time.

………………

Boss Jia, who was far away in Beijing, looked at the brand new Jiuzhou S1 parked in front of his villa with a complicated expression on his face.

Even if you don't like Chen Pingjiang, you have to admit that the car in front of you is nice.

This is very unpleasant.

A person whom you can never stand, yet always succeeds. Flowers and praises are all around him!
Looking back at myself...

Boss Jia knows LeEco's current situation too well, and he is even more aware of the methods he has used.

I thought LeTV’s stock price would continue to rise, but it was unexpectedly hit by the stock market crash and was brought back to its original state.

Among LeTV's financing methods, equity pledge is the most commonly used one. Boss Jia also knows that even in the entire A-share market, it is rare for him and his brother to pledge equity for financing at such a large proportion and high frequency.

Because a large number of pledged stocks will bring greater risks to the company, once the stock price falls to the warning line, it will be necessary to add pledged stocks or directly cover the position with cash. If it falls below the liquidation line, it will be necessary to redeem the stocks immediately or the capital will forcibly liquidate the position.

In October last year, Boss Jia pledged 10 million shares at a reference price of 49.1 yuan per share, with a financing interest rate of 5.07% and a pledge rate of 6%.

But as the stock price continued to bottom out, LeTV's stock had already broken through the warning line in the past two days, and investors immediately demanded to cover their positions.

But covering positions is not a panacea. If LeTV's valuation continues to fall, it may trigger a forced repurchase.

The problem is that Boss Jia doesn't have that much money on hand now, as he has spent all his money on building cars or investing in businesses.

Besides!

LeEco just completed the listing of its private placement shares in August this year, with the issue price being 8 yuan per share. Now LeEco's stock price has fallen below the issue price.

In order to carry out the private placement of A shares, Boss Jia signed a minimum guarantee agreement with the investors.

The minimum guarantee agreement stipulates that Boss Jia needs to guarantee the returns of the investors through bulk repurchases, mortgage guarantees, prepayment of profits, etc.

It is because of the falling stock price that both sides are causing trouble for Boss Jia. Now seeing the Jiuzhou S1 made by Chen Pingjiang, he is even more depressed.

In fact, for Boss Jia, the difficulties go far beyond this.

The unpaid bills from suppliers and employee salaries are the biggest expenses.

…………Hangzhou.

Bu Housheng drove his newly acquired Jiuzhou S1 on the road.

"I love this car no matter how I drive it, but it's a pity it's not mine." Lao Bu muttered, and after driving for a few more minutes, he parked the car steadily in the underground parking lot of a building.

After getting off the car, Bu Housheng took the elevator directly to the 17th floor.

The company's nameplate reads "Hangzhou Huanfang Technology Co., Ltd."

"Haha, Mr. Liang, long time no see." After notifying the front desk, a young man wearing glasses hurried over after a while.

"Boss Bu, please go in directly."

"It's okay, it's okay, I don't want to disturb your normal work."

After arriving at the reception room, Bu Housheng took out the key of the Jiuzhou S1 from his pocket and handed it to the young man opposite him. "Mr. Liang, I heard you say that you really like the Jiuzhou S1 when we were chatting before. This year I drove one for you and parked it in the parking lot downstairs of the company."

The young man who was pouring tea was stunned for a moment. Looking at the car key that was flashing with round colors and a sense of technology under the light, he was immediately delighted: "Oh, how can this be so embarrassing? It's against the rules."

Bu Housheng smiled and waved his hand: "How can this be considered as breaking the rules? To be honest, this car is given to you by our CEO Chen. I think you should not refuse it."

"Then I accept Mr. Chen's kindness, but I must give you the money."

Bu Housheng laughed: "Will Mr. Chen care about this little money? As long as you run the company well in the future, that's all."

The young man looked at the car keys and liked them more and more. He asked tentatively, "Then I'm being disrespectful by refusing them?"

The young man in front of him is called Liang Wenfeng, the CEO and founder of Huanfang Technology.

Previously, Bu Housheng received an order to connect with Huanfang and try to acquire shares.

At first I didn’t think there was anything special about this small company, but the more I got to know it, the more I discovered how remarkable it was.

The stock market crash in the middle of last year was so severe, but this small company, relying only on a few computing power cards and advanced high-frequency quantitative strategies, not only did not lose money, but made a profit.

This made Bu Housheng, a colleague, feel a little emotional. After all, even he had retreated a lot.

Liang Wenfeng on the opposite side also felt that the past two months were like a dream.

How did a small quantitative trading company of his become connected with the richest man in the country and even allow the latter to become a shareholder of his company?

If other parties were to invest in the shares, Liang Wenfeng would be hesitant and would most likely not accept it.

For people like him who do quantitative work, as long as they have the technology, they basically don't need financing.

Once the brand is established and the fund goes online, customers will continue to buy it. As long as there is sustained profit, management fees can be continuously charged. It is simply a profitable business.

But if the other party was Chen Pingjiang, Liang Wenfeng thought about it and finally couldn't refuse.

The three words "Chen Pingjiang" represent not only money, but also a huge ecosystem and unparalleled resources.

These are all excellent nutrients for a new company.

Moreover, Liang Wenfeng has always been very interested in AI and big data, and his future development strategy is also centered on AI. Once AI is involved, Chen Pingjiang, as a domestic and even global AI pioneer, is a name that cannot be avoided.

The cooperation between the two parties means that Liang Wenfeng can mobilize more resources and obtain greater guarantee for success.

You have to do this deal yourself! (End of this chapter)