Reborn: Billionaire in College

What is a secondary listing?

In layman's terms, a Chinese company listed in the United States can already buy and sell its shares in the United States. However, in order to attract more investors, especially those in Asia, it will decide to list in Hong Kong as well, so that Hong Kong investors can also directly purchase the company's shares. This is called a "secondary listing."

The benefits are naturally numerous, but the biggest benefit is to reduce dependence on the US capital market and even prepare for possible delisting in the future.

In less than two years, the US will impose strong regulatory requirements on Chinese companies listed in the US, such as requiring audit working papers.

This is something that neither Chen Pingjiang nor Renren can accept.

As a social media company rooted in the domestic market, Renren's multiple products cover almost 14 billion Chinese people, including too much sensitive information.

The example of Didi is right in front of us. The body is not even cold yet. Chen Pingjiang would not take the risk for both public and private reasons.

Dual listing is not difficult to operate, and many domestic companies have already done it before.

For example, the world's largest bank and PetroChina choose to list on both the Hong Kong and A-share markets.

For example, China Mobile, China Unicom and CNOOC chose to list in both Hong Kong and US stock markets.

"Mr. Chen, do we need to implement it immediately?" Li Xi asked.

"Of course, we'll try to get it done within this year."

This matter had never been made public before, and it was brought up so abruptly that Li Xi was a little confused and didn't know the purpose behind it.

Chen Pingjiang did not give a clear explanation.

Renren's stock price has been falling this year, while Facebook's stock price has been rising.

The latter's price-to-earnings ratio is much higher than Renren's, but its net profit is much lower than Renren's.

The reason for this is that foreign investors do not understand a Chinese social networking site, and the U.S. stock market cannot truly reflect the true value of Renren.

After years of development and with Chen Pingjiang's strategic guidance, how powerful is Renren now?
In terms of social networking and communication, there are Renren, Weibo, WeChat, and Zhihu.

Digital content business covers games, music, videos, literature, and e-sports.

Financial technology and enterprise services include WeChat Pay, Renren Cloud, and WeBank.

And through cross-holdings and business ties, it has equity in several technology companies, including some unicorns.

It is no exaggeration to say that Renren is now more competitive than Tencent was in its previous life.

Even without considering Renren's own strength, just counting its sister companies, they have terrifying potential after forming a huge business network.

…………The capital city.

Gan Wei supported her head with both hands and looked at the person beside her in surprise.

"How can such a big company like ours be hopeless? You are lying to me, right? It's just because the stock price has fallen recently. As long as the stock price goes up, won't everything be fine?"

How did that happen?

One year ago, she was clearly still the focus of the circle, and people were fawning on her wherever she went.

In just one year, such a large group can no longer survive and may even be in debt.

How could Gan Wei accept this?
"My friends' investment money has also gone down the drain?"

Lao Jia nodded: "That's for sure."

Gan Wei's last string snapped. "Oh my god, how can I face people in the future? These people will definitely come to collect the debt. What about our children?"

"Don't get excited yet. You're pregnant. What if you have a miscarriage?" Jia said anxiously. "The situation hasn't gotten to the worst yet. I'm still thinking of a solution. As long as I can find a white knight to rescue me, I can sell more shares. Even if we take a step back, we can still go to the United States. Haven't we bought a lot of real estate? I still have a company there! I can continue to build cars. As long as I can make them, I can make a comeback. In short... there are many ways. I didn't want to tell you because I was afraid that you would be anxious and sad."

Gan Wei was quite annoyed: "Why didn't you tell me earlier? If it hadn't been exposed in the news, how long would you have kept it from me?"

Old Jia realized that Gan Wei didn't seem to understand business matters very well. He thought about it and it made sense. The woman in front of him had been with him since graduation. She had just given birth to twin daughters two years ago, and she got pregnant again not long after giving birth. She usually only knew how to shoot movies and hang out with her besties.

"No matter what, this money has to be paid back." After a long while, Gan Wei said firmly: "I will go to make money by filming after I give birth to the third child."

…………

2016 October.

Lao Jia issued a letter to all employees in response to recent rumors about the company's supply chain.

In the letter, Jia reflected on the rapid pace of expansion, which led to great challenges for the organization and funds, and said that the rapid expansion of the seven ecosystems would come to an end in the future. Jia also stated in the letter to all employees that he would voluntarily only receive an annual salary of 1 yuan from the company forever, and called on all employees to unite and overcome difficulties together.

Major media outlets competed to report on the event.

During this period, Chen Pingjiang just watched coldly.

What you learn from books is always superficial; only personal experience can remember it in your heart.

At the internal executive meetings of major groups, the latest instructions from Group Chairman Chen Pingjiang were studied in depth.

"Don't over-expand and over-capitalize!" (End of this chapter)